Is the current bitcoin bull run confirmed now ?

[DanWalker]

It depends on how one views the market and for me, we are already in a bull market. But even though we are in a bull market, that doesn't mean bitcoin will never have a correction or decline. In a bear market there will also be times when bitcoin recovers and in a bull market there will also be significant corrections. So, don't be subjective in thinking that if we are in a bull market, bitcoin will never decline or correct.
In my opinion, when investing we just need to set goals, stick to the plan and only sell when bitcoin reaches the goal, don't think too much about when the bull season starts or when the bear season will come. I wouldn't even sell my bitcoins if things didn't go as I expected, I'm willing to wait a little longer for my investment because it's not my only source of income or investment anyway.

[shinratensei_]

there's no sure way to determine whether there gonna be another bullrun after it reaches $70k there's simply no way unless you're telling people to predict future but even then that is just mere a speculation.
but one way to be sure is also to judge based on past events, knowing the chart of the past and compare it to current chart then you might find some similarity between the two and then the history might repeats itself.

honestly you can just try to DCA and wait it out, i'm sure the price won't decrease to the previous bottom floor, the market is very bullish right now and based on chart we're nowhere at the peak, though if you have slightest doubt then you better off not investing at all after all it might cause you massive regret if things goes south or at least getting out of your hand.

since crypto market is volatile enough, people that invests are expected to know the ins and outs first, investing blindly irregarding the risk might be your worst decision ever.

[michellee]

We still have to wait some more. This is not a real bull run, even though the price has touched $70k. The real bull run may come once the price rises above $80k. That will make the price continue to increase until it reaches its highest price.

But we will never know how high the price of Bitcoin will reach its ATH. As has happened before, people don't know how much the price will increase. But after the previous bull run reached its highest price, we realized that Bitcoin's ATH had been reached.

After that, the price will slowly decrease again or even decrease rapidly. So we can only wait until we see the price increase even higher. And we can still buy more at times like this.

[Out of mind]

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 ?

The way Bitcoin price is currently trending upward, we can definitely say it is a bull run. But the fact is that the bull run has not started yet, mainly due to the halving of Bitcoin, the value of Bitcoin has increased rapidly. We have seen that before the year 2024 started the price of Bitcoin was very low but whenever 2024 came the price of Bitcoin has changed a lot in the market. As we have seen, Bitcoin price peaked at $73k dollars and currently Bitcoin price is between $70k dollars. And it would be wrong if we compare it to a bull because we all know that the Bitcoin market rises before it halves. But we can be sure that after the halving, Bitcoin price will rise more and Bitcoin price will reach $150k.

[philipma1957]

Not yet. Miners are facing a disaster in 10 days or so. Time will tell around April 20 and 90k means bull in in.

[Zanab247]

It depends on how one views the market and for me, we are already in a bull market.

If you release your BTC to the market like the way other hodlers are selling their BTC since last month till now, you will have something good to earn from your investment and you will not regret when the price dump again.

 Based on what is happening to the market, and the price has dumped to $67k is like bear run is very close to the market which hodlers still have the opportunity to market their BTC before the long bear season will occupy the market.

I wouldn't even sell my bitcoins if things didn't go as I expected, I'm willing to wait a little longer for my investment because it's not my only source of income or investment anyway.

I only observed that kind of mindset from long term traders, if the price of their target is still far from the market, they will not trade their BTC till the price come to stay before they will start trading to make profits from the market, which is the best mindset newbies should acquire.

[Distinctin]

It depends on how one views the market and for me, we are already in a bull market. But even though we are in a bull market, that doesn't mean bitcoin will never have a correction or decline. In a bear market there will also be times when bitcoin recovers and in a bull market there will also be significant corrections. So, don't be subjective in thinking that if we are in a bull market, bitcoin will never decline or correct.
In my opinion, when investing we just need to set goals, stick to the plan and only sell when bitcoin reaches the goal, don't think too much about when the bull season starts or when the bear season will come. I wouldn't even sell my bitcoins if things didn't go as I expected, I'm willing to wait a little longer for my investment because it's not my only source of income or investment anyway.

I have to agree. The fact that we are now seeing a consistent bullish price with bitcoin after it crossed over its previous ATH, then I must say we are actually seeing a bull run now, although the final bull run has certainly not come yet. But still, corrections are inevitable, most especially that we are almost near to bitcoin halving, then correction might be tight this time. However, what’s important is that we are seeing a new all time at the end of the day.

[boyptc]

From $72k down to $67k and then now to $62k. I'm not scared at all but this is a healthy correction that must to have, and must happen.

Based on what is happening to the market, and the price has dumped to $67k is like bear run is very close to the market

Folks keep on saying that it's a bear run but look at the chart even just to start with the month of January this year. You should look at the brighter look of the charts and not just with the 1-day frame.

hodlers still have the opportunity to market their BTC before the long bear season will occupy the market.

Why need to market when we can just HODL and buy? You mean to sell? too early to sell but if you want to sell and you're happy with the gains, you're free to do it.