Is the current bitcoin bull run confirmed now ?

[Questat]

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 don't know how you can define bull run but for me, it was just started early this year. Seeing the market price increase more than the usual price is already a sign of a bull run. I couldn't confirm that we are in the bull season but that is just what I believe now. Besides, this is expected after the bear season. We can also take a look at the previous bull season and compare the current situation as it was likely the same.

But it was not yet the ATH high price that we expected for Bitcoin. Maybe I'm wrong but I believe that there is are more pumps coming after halving and hitting for $80k is possible.

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[South Park]

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 ?

What difference does it make? I am not being sarcastic or anything, I simply do not see the point of getting the bull run confirmed or not, for what I know a bull run is nothing more but a sustained growth over a long period of time, however even that definition is vague, so some people may argue we are already on the bull run, while some others may argue against it, but what matters is the price of bitcoin and how you are doing compared to it, while everything else is secondary.

[n0ne]

The price of bitcoin at the moment is $71k+, which is a pure sign of a bullish market. Following the market movements of bitcoin are the altcoins. At some point, the market variation of bitcoin and leading altcoins will have a deviation, which means there will be stagnation in the market for bitcoin while altcoins continue to progress. Those were the seasons of altcoins, and with that, bitcoin will conclude its bullish move and undergo a correction, which further makes the market move within limits and drop down. For now, we can expect the price to grow much higher as there are 20 more days left for halving.

[Assface16678]

This is just the preparation for the halving event, believe it or not but the actual bull run is yet to come after the halving event, the recent event of bitcoin reaching its new ATH is because many factors and one of them is because of the approval of ETF and because of that it became easy for many people to access and buy bitcoin assets and as many people are becoming more aware and getting hyped by bitcoin many more attracted to invest and hold bitcoin assets, that's one of the reason and I think big company or industry has also contribution to the increase of price of bitcoin as of course they will take advantage of the easy buy of bitcoin and will hoard bitcoin as much as they can, we still not sure what will happen to the bitcoin after the halving event but if the theory or prediction is true and accurate then the price of bitcoin might be doubled.

[AmoreJaz]

The price of bitcoin at the moment is $71k+, which is a pure sign of a bullish market. Following the market movements of bitcoin are the altcoins. At some point, the market variation of bitcoin and leading altcoins will have a deviation, which means there will be stagnation in the market for bitcoin while altcoins continue to progress. Those were the seasons of altcoins, and with that, bitcoin will conclude its bullish move and undergo a correction, which further makes the market move within limits and drop down. For now, we can expect the price to grow much higher as there are 20 more days left for halving.

The truth is, no one can tell about being the bullish run that is happening right now. And when will it stop. No one can give the advice or confirm what's happening in the market. People are just speculating on what may possibly happen and what they will do to act on that particular prediction.

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.

I guess, that's what people are looking at. Reaching $100k just to consider that we are indeed in the bull run stage. But they have to remember, above 60k itself can be a bullish level considering the previous btc price. It is all a matter of perspectives here. No defined price when you talk about bullish or bearish season, as it depends on where you are referencing at.

[dothebeats]

We went from $35-$40k to &70k in under two months. If that does not sound a bull run to you then I don't what will. Everyone is trying to buy in to bitcoin whenever there are some dips back to $68-69k which poses a strong support to all of this. We also have the halving coming in less than 3 weeks, which might even add more fuel to this run just because of what a lot of traders believe. Currently, I think we are in a bull run, but not as massive as to what we had before. Nevertheless, a bull run is a bull run, no matter how much the gain is.

[GreatArkansas]

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 ?

For me, it is indeed a bull run because, after years, we created a new all-time high. Bitcoin did it while other altcoins didn't even reach yet their old all-time highs, even that, I can say that we are already in a bull run as the Bitcoin block halving is really near.

[jenarget]

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[philipma1957]

For almost every investor its a bull run.

[Natsuu]

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 ?

It's already starting. If you are asking about accumulating phase, then it already ended somewhere 20k-30k price range where most are fearful from low price, whales are accumulating assets instead. So it's already done. BTC I believe is now in the phase of price runs or expansion phase. Bitcoin and other altcoins are expected to have breakout to the upside because of bullish sentiment and buying pressure from the masses.

BTC price is now rising, so instead o being fearful investing, you should be more hopeful that it will rise more than expected.

[Darker45]

Aren't you asking this question a bit late already?

Anyway, I think we're already in the middle of the bull run. You've mentioned that the price has almost doubled just in a few months. Moreover, it's only been 3 months since the year began but the price has already increased almost 70%. On this day 1 year ago, the price was just around $27,000. You don't dismiss that growth as normal. This is the bull run.

But there will be more because I believe the effect of the halving is yet to be priced in.

[Iranus]

Aren't you asking this question a bit late already?

Anyway, I think we're already in the middle of the bull run. You've mentioned that the price has almost doubled just in a few months. Moreover, it's only been 3 months since the year began but the price has already increased almost 70%. On this day 1 year ago, the price was just around $27,000. You don't dismiss that growth as normal. This is the bull run.

But there will be more because I believe the effect of the halving is yet to be priced in.

I agree that bitcoin is up quite a bit compared to last year, but based on history, the biggest bull season usually comes only after the halving. Therefore, it is not surprising that some people wonder whether we have entered a period of price increases or not. There is nothing wrong when we say that the bull season has started because bitcoin has a new ATH, but in my opinion, everything is just starting because the halving has not happened yet and many altcoins are yet to have crazy growth. In my opinion, we are just in the pre-bullish phase and have not completely entered the bullish season as everyone expected.

[kryptqnick]

I believe it's hard to define the bull run while it's happening, and the length is best determined afterwards, in hindsight. I mean, when the price is growing rapidly and even reaches a new ATH point, it's a bull run by definition, but we don't know if it's over or only beginning, or if it might be temporarily broken by a period of stabilization, followed by even more growth. So we just need to wait, and then the charts will show it all clearly, just like the spikes are clearly visible now, and it's easy to say that the 2017 bull run lasted from September to the end of December, and then we had two bull runs in 2020-2021: October 2020–April 2021, and then July–November 2021.

[Reatim]

It’s quite difficult to determine when exactly does the bull run start because of the volatile nature of the market however it is expected that bull run will only officially begin after the bitcoin halving event which will happen this month.

Now, don’t get it wrong. Cryptocurrencies will not all automatically rise this month due to the halving when in fact it might even fall drastically before it even goes up. Decrease in value is also one of the main signs of a start of a bull run so we should take advantage of that period before the market officially kick starts.

[Ayers]

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 think since bitcoin broke $69k and made a new ATH, that sign confirms that we have entered bull season but this bull cycle is completely different from the past so people are still many doubts about it. Things are changing and new history is being created, we will never know when this bull season will end so enjoy it but don't forget to let your guard down because anything is possible happen. But I still believe that bitcoin will continue to rise and we have not yet reached the highest ATH in this cycle, so keep accumulating more bitcoin every chance you get.

[adultcrypto]

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 ?

It is likely that the definition of bull run has changed or some people do not understand what bull run mean. From what I know, bull run started from last year and it was triggered mainly by the news around the ETF approval. From the market behavior, it is pretty obvious that the bull run have been sustained and we will be in for the long run. For price to continue to remain above the high of 2021 is a sign that the bull run is sustained and will continue to get better until the halving and beyond. If you are still waiting for the signs of the bull run before you get in, then you may likely miss the entire thing.

[Dzwaafu11]

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 rise you see in the market surprised many investors, the Bitcoin price pass $70k in the past few weeks was not the bull market. and I was expecting the market to dump before the halving, which I haven't see any sign of that. so the current price is not the actual price that we will say we have already in the bull period. However, base on how we are anticipating the bull run to start, I think is not yet time since approximately people are saying the bull market will happen April and obviously we just enter the month today, so let see how the crypto market will turn to this month.

But to me there may be some correction in the rise of bitcoin in the past few weeks, because bear comes in before the bull. So definitely for Bitcoin to rise above $70k I believe there something that need to be corrected in the market. So let see if the bear will come in before the bull as people are saying, since that is how it work and how it have been happening. Although I don't really know but maybe the system of how Bull run usually arrived have changed, or what I don't understand this time around? or maybe there some factors that triggered the market to rise like the issue of Bitcoin ETF.
 

[mirakal]

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.

I have to agree that bull run has already begun. Bitcoin surprisingly doubled its price when we least expect it and from there, bitcoin price continued to surge while mixed with some slight price correction. Of course, price correction will never be out of the picture since it’s still part of bull run. But one thing is certain, bitcoin price will definitely surge high after the whole correction is over, and that’s when final bull run enters the market.

And most probably, by the end of the year we will achieve bitcoin’s new all time high. We may not correctly predict the price, but definitely its above $150k or even $200 above.

[Casdinyard]

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 wouldn't be so sure to announce bitcoin's up to its bull season this early, we haven't even crossed the halving which is a massive defining factor at least for me (cause it historically fucks with a lot of investor's mentals, causing them to panic buy) to decide whether we're already inbound for bitcoin season.

There's a pattern that CZ, former CEO of Binance has stated which would signify an upcoming crypto bull run, first there has to be a massive pump, in anticipation for the upcoming halving, and perhaps any other early narrative that's up and running by then, people will panic buy, people will want to have a spot before shit hits the fan and they lose out on a lot of money, but then, the halving comes around, their bitcoins didn't increase in value, they'd start thinking this is all a sham and they'd either panic sell, or hate on bitcoin causing more FUD and even more panic selling among the weaker hands. When that resolves, the remaining players on the field stick with bitcoin through thick and thin, developing or discovering yet another awesome narrative that would open the market to millions of people, at this period, you can safely assume that bitcoin's already bound for its bull run.

Since we're still far from Halving, I wouldn't say we're in there yet, I'm personally bracing for impact as we get closer and closer to the fated date and the expected panic selling among people, but oh well.

[Blitzboy]

People, this bull run is real. Bitcoin excels, no doubt. The goal is to break all restrictions, not just $70k. Trust in markets? Through the roof! That drives this spike. Understanding Bitcoin requires understanding the cycle. Not just the summits. Successful people look deeper. They've experienced drops before and know patience is key. People, Bitcoin is rewriting the market rules, not just a bull run