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Author Topic: Bull run again, huh  (Read 759 times)
aoluain
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March 07, 2024, 08:34:47 AM
 #21

...given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.

There will always be fall downs, its referred to a lot as "Corrections". Look at the markets from Tuesday
Bitcoin climbed up to $69,000 and shot back to $59,000 - dropping by $10,00, its called a GOD candle
but usually God candles are Green. Thats just a recent example of what can happen so yes it is normal.



On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run....

The realistic expectation for the Bull run is at least passing the ATH and moving towards $100k, there
is a lot of expectations that ranges well beyond $100k is achievable.

If you are looking for an exact number that Bitcoin will reach or a guarantee of some sort relating
to price and time nobody can provide that - thats why this board is called the "Speculation" board.

R


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March 07, 2024, 05:03:25 PM
 #22

Bitcoin moves its value over time. OP, you mentioned the bull market in Bitcoin. I would say that before the Bitcoin halving the market goes up and after the halving Bitcoin cuts some of its value. For example, in 2021, the price of Bitcoin exceeded $69,000 before the halving. After a few days, the price of Bitcoin gradually decreased and finally it went down to $15,000. But now in 2024 again since there is Bitcoin right before the halving, now the price of Bitcoin has gone up again. Currently, its value in the crypto currency market is 66 thousand dollars. But the way it's starting to go up in value, maybe it could lose $70,000 next month.

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March 07, 2024, 05:30:04 PM
 #23

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.

First off, 2021 it hit $69k, and it bottomed in the crash at $15k.

This is the four year market cycle. Every four years Bitcoin has a large bull run in which prices go far higher than ever before, and then when that is over it crashes to a price far higher than the previous crash. Then it spends a couple years building back up to the next bull run. That's the four year market cycle. And we are entering the next bull run now. So the price will go much higher over the coming year or so, and then it should crash again to a price much higher than the last crash in 2022.
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March 08, 2024, 08:39:34 AM
 #24

The realistic expectation for the Bull run is at least passing the ATH and moving towards $100k, there
is a lot of expectations that ranges well beyond $100k is achievable.

If you are looking for an exact number that Bitcoin will reach or a guarantee of some sort relating
to price and time nobody can provide that - thats why this board is called the "Speculation" board.
It is reasonable to expect it to have something like that, it wouldn't really be worrisome at all. I understand why people think of it in a different light, but that's just how it is in most cases. I personally believe that it should be quite fun, and that's why I think it is going to be fine.

Having this type of situation means that I am going to end up with something much larger, and that's always an important aspect of it. I get that it may feel like something is changing, but that doesn't mean that it is going to be all that crazy. Think about it this way, I could literally see it changing long term, and that means it is going to be fully fine. I hope that it can get to a point where we are going to end up making a lot more money for sure.

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March 08, 2024, 09:45:36 AM
 #25

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.

First off, 2021 it hit $69k, and it bottomed in the crash at $15k.

This is the four year market cycle. Every four years Bitcoin has a large bull run in which prices go far higher than ever before, and then when that is over it crashes to a price far higher than the previous crash. Then it spends a couple years building back up to the next bull run. That's the four year market cycle. And we are entering the next bull run now. So the price will go much higher over the coming year or so, and then it should crash again to a price much higher than the last crash in 2022.


What you said is what happened in the past but whether it will continue to repeat itself in the future is still a question. Historically, bitcoin never reached its old ATH before the halving, but this time things changed, bitcoin reached $69k a few days before falling back to $62k. This change is said to be due to the impact of ETF funds being approved, so I think the next developments are very unpredictable. I don't think we will still maintain the cycle 4 years from now, things will change, but how it will change, only time can tell us.

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March 08, 2024, 12:16:27 PM
 #26

So you want to ask about the bull run this year or 2021? Normally when a bull run or halving occurs prices will rise drastically and quickly. but the bull run in 2021 is unique because price increases occurred twice and ATH occurred twice in a year. this is crypto, something that seems impossible can happen.

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March 11, 2024, 07:33:29 PM
 #27

Quote from: Peanutswar
Bitcoin always repeat its history if you can see that the price of the bitcoin already surpassed its last all-time high and we are now sitting with the 60k price possible there will be a correction when the halving comes and we expect another pump after the coming months but still no one knows just doing an analysis. Currently, I'm expecting that he market will reach around 80k after the halving and in the middle of the year hoping all of the golden hands gets profit if possible we reached the 100k. If you can accumulate as possible and enjoy the bullrun.
I have experienced last 3 years bull run and this year bull run that made me to learn so many things from the market to always continue hodling whenever there is a bear run which is the best strategy many hodlers are using to earn profits from the market during the massive bull run.

 Since there are still some hodlers hodling BTC for the price to hit $80k before they can sell, I believe the price is rising to that level because the price has rise above $72k this afternoon and there are some signs that show that $100k is possible for those that are still hodling their BTC till now to experience when time come.

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March 11, 2024, 11:59:35 PM
 #28

We've barely moved past the last ATH so some people think 100k is within reach this time around I reckon some compromise figure between 68k and 99k maybe is more reasonable for this year then a pullback then maybe later a higher figure or not depending on the wider world economy.

78k is the near term target figure given for this current wave upwards, so March or April type time frame.  I do think even within halvening timeframe occurring we can pullback before high summer and then rise higher in this year.  Reason being is always a pullback occurs even during positive periods of BTC, some of the moves forward contain sellers and they will go out of the price from time to time no matter what; everyone is trying to second guess the other guy in a game of chicken when they sell in any particular time frame.

Behind the spikes up and down theres a tide of price action movement that will take us within grasp of much higher figures.  I've really been waiting for Dollar index to lose 100 before expecting the largest figures to appear, its been down recently and some news of speculative FED moves to loosen some of the higher base rates by central banks but thats just rumor which can swing either way.

  Judge these 70k prices, observe strength or if the market is tired and base your guess from that.  I still dont feel especially wrong to believe we stay around 68k for most of the year but I can be wrong easily as inflation is no way cured for all the major currencies.

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March 12, 2024, 08:33:08 AM
 #29

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.

The price of Bitcoin moves in cycles with a duration of four years, after four years Bitcoin halving begins, this is the only halving cycle. This halving cycle will take place for the fourth time in 2024, so Bitcoin's peak value has been touched in each halving cycle. So no one can say exactly where Bitcoin price will touch so it can be a subjective question. Because Bitcoin prices are always up and down, no one can say for sure yet.

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March 12, 2024, 08:40:10 AM
 #30

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
I think this is the normal behavior of Bitcoin. As many of us who are closely connected with cryptocurrencies may know that the price of Bitcoin hit an all-time high in 2021. Since then we haven't seen any significant growth in Bitcoin but three years later in 2024 its price hit an all-time high again. As you mentioned when bitcoin price hit $61k and dropped to $35k it was called a market correction. This market correction happens constantly in the cryptocurrency market.

We may be in the early stages of a bull run many of us or many investors are predicting a bull run in the market after Bitcoin Halving. We all expect the Bitcoin price to reach much higher heights during the bull run.

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March 12, 2024, 01:35:28 PM
 #31

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
I think this is the normal behavior of Bitcoin. As many of us who are closely connected with cryptocurrencies may know that the price of Bitcoin hit an all-time high in 2021. Since then we haven't seen any significant growth in Bitcoin but three years later in 2024 its price hit an all-time high again. As you mentioned when bitcoin price hit $61k and dropped to $35k it was called a market correction. This market correction happens constantly in the cryptocurrency market.
The only difference is that we are hitting new all time high and this is a first. If we go on what you have describe, then the new all time high should be after the halving. But that is not the case already. Of course, when we enter bear market, we won't see any significant increase, and on the contrary, the price will go down hard.

We may be in the early stages of a bull run many of us or many investors are predicting a bull run in the market after Bitcoin Halving. We all expect the Bitcoin price to reach much higher heights during the bull run.
That's what I'm saying, if we are to look at it's previous history, the bull run should be happening April>December of 2024. But the unexpected happen and again, there could be many first this bull cycle, pre-halving all time high and most likely we will see a huge run, and we are going to hit 6 digits in 2025.

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March 13, 2024, 09:23:25 AM
 #32

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
Before the Bitcoin halving, the price of Bitcoin has risen abnormally, with Bitcoin surpassing its previous all-time high. We saw Bitcoin price peak in 2021. But the way Bitcoin price has risen this year, I never imagined it would happen like this. Many are analyzing whether Bitcoin will reach $100k before the halving, but I think Bitcoin may go between $80k-$90k before the halving, making it difficult to predict whether Bitcoin will undergo a major correction. Expect a bull run after Bitcoin halves next month to see Bitcoin surpass $100k. No one can predict what the coming days of Bitcoin might hold, but we can certainly look forward to a bull run.

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March 13, 2024, 09:39:02 AM
 #33

Basically the market always moves up and down according to the supply and demand for bitcoin itself, since the beginning of 2024 bitcoin has experienced quite good acceptance and has become one of the assets that is highly championed by many as the safest investment alternative in digital assets, bitcoin soared in price after a few weeks of ETF approval, and that is a joy for us, I see how institutions compete with each other to collect bitcoin for their grip in running their industry.
Halving is just a matter of days, in about a month we will see the 4th halving of bitcoin, and supply to the market will be scarce. Bullrun we are seeing it even from last December if it's from my perspective.

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March 15, 2024, 06:20:39 PM
 #34

The price of Bitcoin moves in cycles with a duration of four years, after four years Bitcoin halving begins, this is the only halving cycle. This halving cycle will take place for the fourth time in 2024, so Bitcoin's peak value has been touched in each halving cycle. So no one can say exactly where Bitcoin price will touch so it can be a subjective question. Because Bitcoin prices are always up and down, no one can say for sure yet.
Now Bitcoin has shown a new history this year by making ATH before the halving, so this is something unexpected even though it was something that everyone expected before, so many people are starting to be surprised by the achievements of Bitcoin's price so far. I also think that the Bitcoin price increase will continue this month, and make this year's halving have a more different color than previous years. Because something like now has never happened in the previous cycle when Bitcoin started halving.

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March 16, 2024, 12:00:19 PM
 #35

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.

Bitcoin halving cycle It comes four years, if you notice the Bitcoin halving cycle took place in 2020, and from there there was a big bull run in 2021 year. Anticipating this bull run, the price of Bitcoin touched 69K, which was the largest recorded Bitcoin increase in Bitcoin history. But in 2024, this changed to 73.6K, setting a record high Bitcoin price.

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March 17, 2024, 06:59:14 AM
 #36

Bitcoin is a volatile asset and its normal to experience such price decline and increase in short amount of times and anything could trigger this price movement but mostly from selling and buying from investors or big companies, like earlier this year when we were still unaware of the bull Grayscale was actually selling massively and that affected the price to drop about 10% or more and hit 35k, so yeah stuff like this can happen and very often in bitcoin.


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March 27, 2024, 04:12:29 PM
 #37

The price of Bitcoin moves in cycles with a duration of four years, after four years Bitcoin halving begins, this is the only halving cycle. This halving cycle will take place for the fourth time in 2024, so Bitcoin's peak value has been touched in each halving cycle. So no one can say exactly where Bitcoin price will touch so it can be a subjective question. Because Bitcoin prices are always up and down, no one can say for sure yet.
Now Bitcoin has shown a new history this year by making ATH before the halving, so this is something unexpected even though it was something that everyone expected before, so many people are starting to be surprised by the achievements of Bitcoin's price so far. I also think that the Bitcoin price increase will continue this month, and make this year's halving have a more different color than previous years. Because something like now has never happened in the previous cycle when Bitcoin started halving.

Yeah, no one really expects that the market is going to be big like this, even reaching new all time high before the halving. And if we touch $100k this bull run, it is another first to us. So this 2024 seems to be a very lucky year for crypto as also predicted by non-crypto individuals.

But for us crypto enthusiasts, we are lucky that we have enough time to accumulate before the market goes on a wild ride to a new all time high at 6 digits. For sure majority of us already save and stash some Bitcoin already and will just watch how our money will grow once we reach new all time high in 2025.
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March 27, 2024, 08:54:51 PM
 #38

-snip-
For sure majority of us already save and stash some Bitcoin already and will just watch how our money will grow once we reach new all time high in 2025.
I was also lucky to save most of the Bitcoin I bought at around $20k, and some were even below that price.
it is a very good entry and gives quite a lot of profit when the ATH price is reached.

Taking advantage of any drop would be excellent for accumulating holdings of held Bitcoin,
this would be good for the long term or when the price touches ATH$100k++.

2024-2025 is the year that Bitcoin continues to reach new ATH, and these will be the years that provide many gains.

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March 27, 2024, 09:11:54 PM
 #39

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
To better enjoy investing in bitcoin, you should look beyond the bull run, ask yourself what the future of bitcoin looks like, this will help you know how to plan your investment. By design, bitcoin will continue to increase in value, the records have shown so and any dip will not remain like that forever. If you can see bitcoin in the next ten years, paint a mental picture and compare it with the past, you will see how motivated you will become with respect to buying and holding bitcoin. It is too risky buying bitcoin because you think bull run is coming so that you can sell and make quick profits.

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March 27, 2024, 09:29:53 PM
 #40

On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
We’ll see because we’ve already hit a new ATH so let’s see if we can still go high after hitting it.
The market is still recovering from the recent correction, let’s hope for the better after the halving since many are still looking forward for the price of $100k and there’s nothing wrong to predict such value with Bitcoin, the peak is still within the reach.

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