Is the current bitcoin bull run confirmed now ?

[krishnaverma]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

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[1714521778]

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[1714521778]

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[Hatchy]

The Bitcoin and other altcoins market saw a bull run start when Bitcoin jumped from $49,000 to $73,000 in early March, surprising many who expected a different trend before the upcoming halving in April. Though, recent changes in the market make it unclear if the expected drop that takes place before every halving will still occur.We're not sure if Bitcoin will follow its usual pattern. I think there will be more ups than downs before the halving, which might confirm the bull run.
Looking at past halving events, I believe the real bull run hasn't happened yet.Still, we have to remember that the market is unpredictable and affected by many external factors. Anything can happen at anytime and we may see something new from Bitcoin. You just have to remember to hold and be patient.

[Alone055]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

In general, the bull run occurs or starts after the halving event which is scheduled to occur on the 19th, of April approximately. The uptrend that we have seen from Bitcoin in recent months was mostly unexpected because most of us were expecting a slow recovery process up until the halving event, maybe making the price reach around $60k and then taking more pace after the halving is done. However, that didn't happen, and the market went up pretty fast in a few months so it even created a new all-time high even before the halving event.

So, whether this uptrend was a part of the long-anticipated bull run, we can say so because it's only in a bull run that Bitcoin or any other cryptocurrency doest at least 1x of its current value, and since the bull run usually starts a few months after the halving, we are optimistic that we will see something more, more precisely the remaining part of the bull run in the next couple of years.

[Fiatless]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

Bitcoin bull run could be seen as a period where demand is higher than supply. Historically it happens every four years after the Bitcoin halving because miners' reward will be halved. When the reward is halved there is always less supply which makes the price rise because demand will become greater than supply.

But this year's bull run is unique due to the approval of Bitcoin ETF in the US. This approval has made the demand for Bitcoin to be high due to the purchase of these institutional investors. The effect of this is an early increase in the price of Bitcoin to the extent of beating its ATH before the halving. It is expected that the price would increase after the halving which is predicted to happen in April and Bitcoin might hit $100,000 before the end of the bull run.

[Asuspawer09]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

I still don't see it or buy it, it doesn't seem like a Bullrun in my opinion but a temporary skyrocket in the market price of Cryptocurrencies, I think this is pretty normal especially because we are getting near the Bitcoin Halving Event, I said it every time looking at the Bitcoin Halving timeline, every time the Bitcoin halving event is near there are a huge pumps in the market price of Bitcoin and that goes to a lot of altcoins in the market as well, Yes we have seem the market price of Bitcoin increase up to 70k$ which never actually happened before, but if we are going to think about the Bitcoin adaptation in the whole world it is just going to make a lot of sense compared to the past years, Bitcoin really is adapted fast in a lot of countries to the point where we could already see a lot of companies, supporting cryptocurrency, there are even some banks here in my country allowing you to buy and sell cryptocurrencies using there platform. With that and the Bitcoin ETF news I think it is what actually trigger that market price to break the All time high, but after a new on every Halving event that is mostly where we get to see the real Bullrun.

The Bitcoin and other altcoins market saw a bull run start when Bitcoin jumped from $49,000 to $73,000 in early March, surprising many who expected a different trend before the upcoming halving in April. Though, recent changes in the market make it unclear if the expected drop that takes place before every halving will still occur.We're not sure if Bitcoin will follow its usual pattern. I think there will be more ups than downs before the halving, which might confirm the bull run.
Looking at past halving events, I believe the real bull run hasn't happened yet.Still, we have to remember that the market is unpredictable and affected by many external factors. Anything can happen at anytime and we may see something new from Bitcoin. You just have to remember to hold and be patient.

I think we are still inline with the coming Bitcoin halving, a lot of traders are surely going to experience a huge drop in the market on that Bitcoin halving date, then slowly going to enter the Bullrun after that just like in the past timeline of Halving. Just based on the adaptation of cryptocurrency around the world I think it is possible to break 100k$, my opinion was around double so its probably around 140k$ if we are going to get the Bullrun.

[Etranger]

Given that Bitcoin has practically doubled in value over the past few months and it doesn't look like we're seeing a bearish victory in the coming months, I'd say the bull market has begun. If we take into account the upcoming halving, which is also considered an indicator of a growing market, then there are even more reasons to believe that we have already entered the bull phase. However, this does not mean that the possibility of correction is nullified.

[Zaguru12]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

A bull run is when the market is in continuous uptrend movement with only few price corrections, I would say since the start of last year when the price was below $20K we have been having a steady rise in price and only a few days we witness corrections, so this is fair to say we have been in a bull run since last year even though it is not as impulsive as people take bull run to be.

The halving is like three weeks  away and I don’t see the market changing structure to been bearish rather we will continuously see few corrections which will make it look like a ranging market and probably months after the halving the anticipated impulsive bull run will kick start

[Rruchi man]

Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

We are in the bull season, but it is not without the reality that there could still be some kind of market pull back before the halving occurs. Investors in bitcoins should always be prepared for a pullback in the value of bitcoins because it cannot always be bullish even if we are in a bull season.

Prepare for the emotional aspects of investing in bitcoins, so you do not make a wrong investment decision.

[tabas]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run.

Wasn't it obvious when the start of this year started from $40k+ and now that it has reached $70k+ and even surpassed the last ATH breaking it after hitting $73k?

Or we can expect even more movement and then the bull run will be confirmed ?

There's more. We're not yet done with the halving and yet the bull run has already started. If you're one of the long term holders, you gotta be patient if you're wanting more. We don't know how high it can be this time but it's possible that we will see $100k just as what we've waited for on the last 2021 cycle.

[Huppercase]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

All I know about this bull run is that all time high has never been crossed before halving day but today, we have witness it, it could be a manipulation and it could be as a result of excitement, it could also be as a result people trying to be proactive, they don't want to be caught up missing the bull run like in the past years run we have had, they could be preparing before the bull is let out of the cage but as for me, if buy Bitcoin and hold you wouldn't die and you wouldn't suffer anything, if there is anything that can happen is unrealized loss which is nothing unless you sold.

Another thing you should put into consideration is that we have never had institutional investors come out publicly to support Bitcoin but ever since ETF Bitcoin were approved, they are more bullish than people that hold native Bitcoin and they are also granting interview on national TV to make people want to people embrace Bitcoin, this is why everyone are bullish about Bitcoin this time. Like I said, buy and hold if you have the means, the worse that will happen is crash but long time always win.

[nakamura12]

I don't think it is the bullrun that we are expecting that will happen. This is most likely a manipulation in price like what happened not long ago but it decreased later on and once again the price increase. The bullrun happens when the demand increases while the supply is low which is most likely after the halving because the mining reward is halved. If the reward is halved then the new coins being mined is not the same as before.

[yhiaali3]

Certainly we are now in the bull run, but the uptrend has multiple levels and not just one level. I expect that we are now only at the beginning and there will be more new levels in the coming periods.
 
What happened in the market this cycle was a surprise to everyone because no one expected the rise before the halving, but because of the ETF this sudden rise occurred and therefore it can be said that this cycle will be different from previous cycles and no one can predict whether this rise will arrive and how long it will last.

[kamvreto]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

must be prepared for all events that will occur, we do not know whether this has been fully confirmed or not. Bitcoin's current path is different from before, Bitcoin printed its highest price before the halving. quite a significant increase and is now still stable at $70,000. hoping to continue this bull run and print highs again. This will be very profitable for long-term holders. expect more upside and will certainly be very bullish.

[Dr.Bitcoin_Strange]

With the price surge of Bitcoin just in these few months of the year 2024, we cannot say that that was not a bull run because, during the start of the year, Bitcoin was $42k+, but within just an interval of February and March, it already surpassed the previous all-time high, so that was a bull run and not a confirmation of whether the price will continue to surge high or not. We could experience a bull market this month, and the next month the price could become bearish throughout the month up until another month too, and it can also become a bit bullish. In the last two weeks, the price went from $70k+ to $62k, and that was just a bearish move that would have still gone below that, but it never did. Being in the bull season doesn't totally subtract a bearish move; as such, we could either experience more bullish movement in the price of Bitcoin before or after the halving, or the reverse could be the case, but in all, a lot of people are speculating that the highest Bitcoin price peak for the bull season will be met in 2025. 

[darkangel11]

Do you really have to ask? There are several indicators of a bull run, with the most well known being the moving averages like 300day, 500 day... Usually when price is above all of them we are in a bull market, but that's not the only thing to look at.
First of all, if bitcoin doesn't make new lows for months, but instead makes higher highs it's a bull market. So when bitcoin went to 16k and then 20k, then 25k, 30k, and so on, with corrections being shallow - it's a bull market.
Next important thing is the timing before the halving. Usually the year of the halving is bullish, it has to be since the reward is getting reduced.
Then there's that old ATH indicator - breaking all time high always means a bull market.

[GbitG]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

That's true, bro Bitcoin surpasses the previous all-time high and makes a new ATH with a price of $73,777 in the recent month. And it still moved above 71+k. But this is not actually a true bull run. This rally is due to ETF approval, if I am not mistaken. Because of this, many institutional investors brought their money into Bitcoin, and perhaps because of this, the price of Bitcoin gained upward momentum, meaning it rose.
 
 A real bull run will come after halving, which will kill the market. Now this is the cause of only institutional investors. A bull run will happen after Halving, in which no one will be able to expect how far the price of Bitcoin will go.

[serjent05]

According to this article[1]  Bitcoin bull run is characterized by a gradual uptrend in prices, peaking at cycle highs, followed by a period of stabilization or slight decline.  Looking at the current trend of the Bitcoin market, I think it fulfills the character of a bull market.  We had a gradual uptrend price this past few months, price increasing gradually from $40k to $70k, and some decline, with Bitcoin price retracing from $70k to $60k plus and then recovering and stabilizing within $68k to $70k price range.  So I believe the Bitcoin market is currently in a bull run state now.

This is somehow a special case because the Bitcoin market bull run often happens after the halving but in this cycle, Bitcoin had already entered a bull run state even before the halving event.



[1] https://www.grayscale.com/research/reports/anatomy-of-a-bitcoin-bull-market#

[Asiska02]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

I will consider this as pre bull run season now, and this uptrend movement of bitcoin have been going on for a long time now since last year. From that period till now, bitcoin have done X’s which signify that those that bought at the beginning of the bullish trend would be in profit by now. Practically, the bull run season always starts after the events of the halving which will be coming up by next month, which will happen just few weeks from now. The period after the halving, the market is expected to be on a very long term bullish trend and continue till bitcoin hits a new all-time high.

Nobody can tell the extent to which bitcoin will move by that time but many analysis already have it that it’s going to make a six figure value at the end of the bull run. While the market is very much tricky and unpredictable, a lot of this prediction to be the same by many people could sound accurate and bitcoin will move in the direction of their prediction. It is important to take profit when it has hitting the six figure value, with that you can safeguard your investment and reap massively from your early investment in bitcoin.

[stomachgrowls]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

No one really knows but these things could be possibly to happen;

1. Pump on pre-halving period then make some nasty corrections on post halving before we do shoot up
2. There wouldn't be some extreme dump or correction and playing sideways with the current price or lets say 60-70k price levels and wait up for that gradual increase
3. Several months sideways or consolidation period

Actually there's no way that we could really be able to know on where it would be heading. One things for sure that you cant really be able to make yourself that
to know on where prices could go in next months to come but pretty much sure that we would really be heading up when bull run happens.

[nurilham]

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

Don't you realize Bitcoin hits a new ATH at $73,750 in Mar 14, 2024 (CMC data)?
You shouldn't ask about the sign of bullrun when Bitcoin hits a new ATH. It is no doubt we are in the bullrun period if we consider the price of Bitcoin in recent time. Why you still doubt of the bullrun?

Anyway, people still assume Bitcoin may reach $100k. It is because the bullrun period is likely still in the beginning phase. So, it is true that people expect for further movement on Bitcoin price. $70k or $73k isn't the highest level of Bitcoin price in this bullrun period.