Is the bull run begun ?

[LogitechMouse]

No.

I mean the market tumbled days after the Spot Bitcoin ETF got accepted. Grayscale is the main culprit as to why we are seeing the market going down, but at the same time, it seems like the sentiment changed just because investors expected that the market would go up after an ETF got accepted, but the opposite happened.

Nevertheless, we aren't in the bull run yet, and my prediction as to when it will happen is "a few months after the Bitcoin halving". That's what happened in 2020 when we saw the Bitcoin halving took place. The price skyrocketed for a few months until we entered the bull market. I believe that's what will happen this year as well. Bitcoin halving will happen in 2024 followed by a few months of sideways, then we will see the price going up gradually.

Of course I might be wrong though since I'm only basing on history and past performances = future performances. Just be ready for whatever can happen just in case.

[khiholangkang]

No.

I mean the market tumbled days after the Spot Bitcoin ETF got accepted. Grayscale is the main culprit as to why we are seeing the market going down, but at the same time, it seems like the sentiment changed just because investors expected that the market would go up after an ETF got accepted, but the opposite happened.

Nevertheless, we aren't in the bull run yet, and my prediction as to when it will happen is "a few months after the Bitcoin halving". That's what happened in 2020 when we saw the Bitcoin halving took place. The price skyrocketed for a few months until we entered the bull market. I believe that's what will happen this year as well. Bitcoin halving will happen in 2024 followed by a few months of sideways, then we will see the price going up gradually.

Of course I might be wrong though since I'm only basing on history and past performances = future performances. Just be ready for whatever can happen just in case.

If we consider the term bullrun that every day and every week the market experiences a continuous increase in price then in my opinion it is wrong, I understand when bitcoin experienced a decline when a few days after this ETF was approved by the SEC, and with any sales drama related to bitcoin price sentiment that made it drop in price significantly, yes maybe most people when they see a price drop like this does make them think it is impossible to bull run like that.

And if traced in the history of bitcoin it is true that the increase in the price of bitcoin or bullrun occurred after halving, but if we look at the weekly chart or monthly chart bitcoin from the beginning of 2023 has experienced a price increase of more than 100%, of course if we look at it as an investment asset then the state of the bitcoin market if seen in the long term then the answer is bullish and a few months before January has shown bullrun catalysts if what is seen is the monthly chart or weekly chart.IMO

[Volimack]

Even if the market goes down it won't end up going up again there are many trends that most people initially dismiss. However, if you realize their true potential and are proven right bitcoin investment can earn you a fortune. We can expect the next bull run as the number of new users of cryptocurrencies hit record highs every time during the bull run. In 2024, the value of Bitcoin will fall, halving.

[tbterryboy]

Looking at the current run of Bitcoin people will surely say it is a bull market, but I would say no. Because the bull market hasn't started yet but is about to start when Bitcoin halves next year. As our Bitcoin halving is more likely in April 2024, we will see a Bitcoin bull run next year in 2025.

BTC is being stable and sometimes dumping. So I don't know why there are people who can say that it's in a bull run. But maybe they think it is, because BTC's value last time was lower than what we have right now. Though the increase was still small IMO. It's more of a recovery only or a mini pump, while a real bull run is when BTC reaches a new all-time high and then other cryptos are rallying as well. Bitcoin bull run can start even without halving, although it can contribute a lot in its price. We are now in the year of 2024 mate, and this is the year where a Bitcoin halving can occur but people are optimistic and thinks the momentum can be carried out in the following year/s.

Small? We were at 15k and we reached to 49k at peak, that's small to you? Even if looking at this year, it had 40k at the bottom and 49k at the top, that is 20% increase in total just for the year and it's been two weeks. That drop is the only thing we are not saying it's a bull run, without the drop that was a 20% increase in two weeks at the start of the season which would be easy to call as a way of saying it was a bull run. I know that it doesn't look that great now, like looking as if we didn't do much, but that is not really how the way it goes.

I believe that we should be considering the current situation to be as great as it gets and not really feel down about it. It is looking good and should be promoted as much as we can.

[nimogsm]

Even if the market goes down it won't end up going up again there are many trends that most people initially dismiss. However, if you realize their true potential and are proven right bitcoin investment can earn you a fortune. We can expect the next bull run as the number of new users of cryptocurrencies hit record highs every time during the bull run. In 2024, the value of Bitcoin will fall, halving.

It is very unlikely that the price will fall after the halving, miners make up a huge part of the industry and cutting production by half may no longer be profitable for many, but I highly doubt it, since no one will simply leave such a profitable niche. If this were so, then in the market Now there would be a lot of used equipment and the media would have written about it 10 times already, but this is not the case yet.

[Dave1]

Even if the market goes down it won't end up going up again there are many trends that most people initially dismiss. However, if you realize their true potential and are proven right bitcoin investment can earn you a fortune. We can expect the next bull run as the number of new users of cryptocurrencies hit record highs every time during the bull run. In 2024, the value of Bitcoin will fall, halving.

It is very unlikely that the price will fall after the halving, miners make up a huge part of the industry and cutting production by half may no longer be profitable for many, but I highly doubt it, since no one will simply leave such a profitable niche. If this were so, then in the market Now there would be a lot of used equipment and the media would have written about it 10 times already, but this is not the case yet.

Halving though will not affect the miners, for them it's business, so they will surely have to adjust again and again, to make money during the bull run or after the halving. It is still based on investors, whether to put their money on the market, or sold to make profit, rinse and repeat.

As far as bull run goes, for sure we all know that technically, it should start right after the halving. It's that we have a good news about Bitcoin Spot ETF that put a lot of pressure on the market. But once it was approved, we can say that it did corrected again to $39k. So that is not a definition of a bull run. And so with that, we have to wait post halving to see a real bull run that we all have been expecting.

[Obim34]

What you say is true,  everything is an assumption that may or may not happen, and what you say may indeed happen, and it is difficult to determine other than looking at the habits that have been created by bitcoin. But there is indeed good news about the ETF that has been approved and has withdrawn a lot of bitcoin from the market, so we hope that this influence will get a positive side before the halving era occurs, although we are always prepared for a correction that could also occur. But actually, the most important thing is the opportunity to buy immediately and hold as soon as possible to avoid things that might be misjudged.

I clearly stated seeing the price DIPing was all part of the market correction and here we are seeing the market recovering progressively. We just make our predictions and let the market do it's own part, either favorable to what we predicted or not.
There is no evidence of possible pump with the influence of the ETF, since it was approved nothing has shown to mark out the difference relatively of ETF approval of which we expected more.

[Davian144]

Even if the market goes down it won't end up going up again there are many trends that most people initially dismiss. However, if you realize their true potential and are proven right bitcoin investment can earn you a fortune. We can expect the next bull run as the number of new users of cryptocurrencies hit record highs every time during the bull run. In 2024, the value of Bitcoin will fall, halving.

Maybe that's just your prediction, because I don't expect Bitcoin to fall by half this year. Moreover, this year there are factors that can cause the price of Bitcoin to increase, such as the recent halving and ETF approval which can create a breakthrough in the price of Bitcoin in the market. You can see for yourself today where the price of Bitcoin has risen again to more than $41K in the market, which means that Bitcoin price resistance this month really exists and happens often.

[Webetcoins]

We can't possibly know if it has started or not, it is not something that could be known like that, we could assume if it has started or not, but we can't really know if it is already there or not, we just need to assume it may have not started at the moment and we need to do better, collect or accumulate as much bitcoin as you can at around these prices, it is not skyrocketing higher just yet, so that means we are not really getting anything big at the moment.

I believe that we are going to get something nicer eventually, and we should be considering the situation to be sensitive. Accumulation during this period is crucial because it gives you a chance to make a lot more money, these are the last moments when you can make a lot of money, after now it is going to be just making a bit of money, well with bitcoin of course, alts could still be very profitable.

[doomloop]

If we consider the term bullrun that every day and every week the market experiences a continuous increase in price then in my opinion it is wrong, I understand when bitcoin experienced a decline when a few days after this ETF was approved by the SEC, and with any sales drama related to bitcoin price sentiment that made it drop in price significantly, yes maybe most people when they see a price drop like this does make them think it is impossible to bull run like that.

And if traced in the history of bitcoin it is true that the increase in the price of bitcoin or bullrun occurred after halving, but if we look at the weekly chart or monthly chart bitcoin from the beginning of 2023 has experienced a price increase of more than 100%, of course if we look at it as an investment asset then the state of the bitcoin market if seen in the long term then the answer is bullish and a few months before January has shown bullrun catalysts if what is seen is the monthly chart or weekly chart.IMO

That is what people are expecting these days, nobody says that it would be impossible for bitcoin to not go up during the next halving and afterwards, it could very well fail to do that but it is quite likely that we are going to end up with a big increase later on, so that is going to be something that we could probably expect very soon. This should be something that we could see, but at the same time we are going to probably end up with a return that will make it a lot more profitable.

This means that if enough people actually trust that we are going to make that kind of money, then they are going to end up making a good return one way or another, they will invest and because they invest the price will go up and make them some money.

[|MINER|]

No dude. It is just a effect of news ETF approval beside the halving season comes to near. And that is why we are seeing the changes on bitcoin price and  I also think that Bitcoin price will going like this way untill the halving period ending. And if you check the previous bull run season then always bull run start after the 1years of halving season.

[ivankoh]

I think the bull run will not happen at least until Q3-Q4 or early 2025 even though the halving is approaching but I predict the market will remain normal, meaning the correction, sideways continue, so that the bull run season will begin. There are signs of continued optimism, macro catalysts… I am also eagerly looking forward to that excitement but maybe not Q1-Q2… Maybe there will be some strong uptrends but it will not necessarily prove the bull run is coming.

[STT]

I can see the opposite the Bull ran, it ran so far being tired and needing a rest is fair.   Lets look back a year because its a new year, that gain I see is fairly gigantic & quite a few asset managers elsewhere would be jealous of this.   We are near 100% gain in just a year, thats big we have to say bullish action definitely was in occurrence
  The speculation at this point, do we continue, go sideways or decline even.  All directions must be considered possible even the ground you stand on can alter in such a volatile market we cannot assume simple gains.   Some would say we are over extended in this set of gains, it will take maybe 6 months to establish a strong enough launching point to continue an ascent of the same gradient and to challenge 2021 prices and ATH I do believe we need a solid foothold first; people will engage in pattern selling on the way up for sure.

[erep]

I think the bull run will not happen at least until Q3-Q4 or early 2025 even though the halving is approaching but I predict the market will remain normal, meaning the correction, sideways continue, so that the bull run season will begin. There are signs of continued optimism, macro catalysts… I am also eagerly looking forward to that excitement but maybe not Q1-Q2… Maybe there will be some strong uptrends but it will not necessarily prove the bull run is coming.

I also predict the same thing in the middle or end of this year that there will be a bull run after the halving, we have seen in the history of several market periods ago that the bull run will be marked after several months of the halving period, so if the market can reach $50k before or during the halving period then it will be a positive sign that the market is forming a different movement pattern and the bull run market will occur faster than we predicted.

[Distinctin]

We are expecting for a bitcoin halving first before we will be seeing bitcoin bull run, so even if the market seems bullish, that won't guarantee that the market is already entering bull run.

However, bitcoin has experienced consistent price decline these recent days so definitely, that won't happen when we are already in bull run. But most likely, that's mostly part of correction that usually occurs in preparation for a bitcoin having that is already imminent.

[TravelMug]

We are expecting for a bitcoin halving first before we will be seeing bitcoin bull run, so even if the market seems bullish, that won't guarantee that the market is already entering bull run.

However, bitcoin has experienced consistent price decline these recent days so definitely, that won't happen when we are already in bull run. But most likely, that's mostly part of correction that usually occurs in preparation for a bitcoin having that is already imminent.

Right and I think everyone has it's own definition of bull run, if we look at our last lowest low for this bear market at $15,500 when FTX collapse in 2022, we have like grown up to 150% already. So that could be for the majority a definition of bull run as we have a growth that is very significant. But if we look at our past historical logs, the very definition of a bull run is that the price going up after a bitcoin block halving and have a run that will setup the whole market into another all time high. And so far, those cases haven't been fulfilled yet, we are still months away from the block halving and our all time high is still $69k established at 2021. So no, for me, we are still in the last part or the tail end of the bear market. And official bull run starts in April after the halving itself.

[Zanab247]

We are expecting for a bitcoin halving first before we will be seeing bitcoin bull run, so even if the market seems bullish, that won't guarantee that the market is already entering bull run.

The current price show that there is a bear run in the market which is the season to hodl not to be distracted by the wave of the price or other people information which the real bull will soon land for those panicking in the market to start panicking than to join the bull to make a good result.

However, bitcoin has experienced consistent price decline these recent days so definitely, that won't happen when we are already in bull run. But most likely, that's mostly part of correction that usually occurs in preparation for a bitcoin having that is already imminent.

But since we enter this new year, the price of BTC has rise higher to $45k before it fall back to $42k and is giving people courage to be bold in their hodling to ensure they see the end of the bear and swim in the bull run which is going to take a long period of time to allow their customers to enjoy through out the season.

[Davian144]

No dude. It is just a effect of news ETF approval beside the halving season comes to near. And that is why we are seeing the changes on bitcoin price and  I also think that Bitcoin price will going like this way untill the halving period ending. And if you check the previous bull run season then always bull run start after the 1years of halving season.

Previously this was the case, but I hope there can be more significant changes when the halving ends this year without having to wait a year to see the bullrun after the halving this year. Because the price changes accompanied by the two aspects you mentioned are clearly visible, so this cannot be denied because it is not coincidental. Now the price of Bitcoin is starting to approach $44K again, but what makes me a little surprised is that the altcoins are not doing very well in the current market at all.

[Reid]

It already came before and after the approval of the Bitcoin ETF. Now, we are on a process of knowing what will come next. But I won't worry, there's more bull run that will happen because it ain't over yet. There are many applications for Bitcoin ETF approval and every news about it going near is probably a hype being resurrected especially in social media.
I'd just be patience if I were you, for now. HODL if you can but if you have altcoins you better monitor them everyday because it's difficult to know where they will go.

[STT]

Very exciting price action in BTC today but also the recent context sets up a whole possible future trajectory where it can head back to much higher prices possibly.  This area continues to be of gravity such that we are circling more then once now, its a process by which I hope we are projected forwards and upwards with some momentum to break free of this 43k orbit and finally make some new prices.
  Of course we can fail some and go lower, nothing is for sure but Im quite hopeful BTC is positive trending at the moment for a variety of reasons.   I still wouldn't estimate massive gains especially but its not always signaled and clear to everyone.