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Author Topic: Is Bitcoin’s bull run coming to an end?  (Read 878 times)
shield132
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April 18, 2024, 12:16:12 PM
 #21

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
That doesn't mean that the bull run is coming to an end. If you look carefully, we haven't experienced anything like this before. Bitcoin reached its all-time high before halving, for the first time. Price started rising from 20K and went up to 73K, aren't we supposed to expect a slight decline? When price reaches huge numbers, people start to sell and collect some profit. We have a lot of fun in the next months, this is just the beginning. Bitcoin's price might be a little stable for a while, then it might experience a slight decline (or might rise, who knows) but after some months, probably in fall or winter, we will see a new all-time high again. Bull run will not finish so soon and so easily, it will only might stop and adjust for a while.

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April 18, 2024, 12:18:36 PM
 #22

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
If this is your first halving year then it is very natural to ask this question. However, for us, this increase and decrease are still very healthy. Despite the speculation and rumors circulating, the halving momentum does not mean that the price of Bitcoin will immediately increase in a short time. That's not how it works, there is always a certain period and we cannot be sure, it could be 1 year in the future or it could be more or less than one year. But what is certain is that the less Bitcoin mined, the more it provides high value.

Regarding the bitcoin bull run ending or not, I think in a volatile market anything can happen. The high risk high reward in the Bitcoin market, this kind of thing is common it depends on us as investors and traders, need to strengthen our mentality.

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April 18, 2024, 12:22:25 PM
 #23

I don't think that Bitcoin bull run is coming to an end because from research price dips happens before halving, so I guess that this is what is playing out now, plus this negative impact of Iran, israeli conflict news that's also affecting the price negatively. This is an opportunity for investors to take this dip opening to accumulate more, no need to wait till it dips lower because that might not happen, if you're on DCA method, just continue with it and focus on the long term gains, when price will start to rapidly increase in the bull run that has not yet started.

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April 18, 2024, 12:28:32 PM
 #24

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
Bitcoin halving will happen in a few days. So it is expected that the bull run may happen at the end of this year or in 2025. Currently the price of Bitcoin is decreasing, I don't know how much it will decrease. Try to invest as much as you can afford. So if you can afford you buy bitcoins with DCA method in small amount. You never invest the entire amount at once. Because the market is currently going down, suppose you buy Bitcoin at $61k and the price may drop to $50k. So buy bitcoin with DCA method. If you buy bitcoins with DCA method you can buy bitcoins at average price.

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April 18, 2024, 08:17:58 PM
 #25

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
if you are waiting for a bear market or the btc to drop down below 50k$ then you need to wait another 4 years, i think you are too late to have a plan to buy because btc is in a bull run status and its price for now is too risky to buy, however you can still buy it even at the high price today depending on your budget a budget that you can afford to lose because after bitcoin halving the price may become double or more bullish.


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April 18, 2024, 09:14:54 PM
 #26

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
If you can not afford to buy small unit of Bitcoin at 61k then maybe you will have to wait for the next bear Market because currently, we are in the bull and very soon the price of Bitcoin would hit 100k and you will still come and ask us if buying at 100k could be predictable. Sometimes we might think that we are wise and want to buy at a very low price especially buying at the dip. It is very uncommon for one to buy at the dip because ones mindset could also tell you to wait more that the price is going to dip more when some have already accumulated enough holdings at the dip.

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April 18, 2024, 09:20:13 PM
 #27

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
if you are waiting for a bear market or the btc to drop down below 50k$ then you need to wait another 4 years, i think you are too late to have a plan to buy because btc is in a bull run status and its price for now is too risky to buy, however you can still buy it even at the high price today depending on your budget a budget that you can afford to lose because after bitcoin halving the price may become double or more bullish.
If you are going to purchase the whole bitcoin, everyone will say it’s actually highly expensive. So you need to wait for a market to become bearish. However, the thing is you don’t need you to buy the whole of it as a beginner, but learn to start with a small portion instead. That way, you won’t be pressured waiting for the bearish price. Don’t think that you are late in entering bitcoin investment, the bull run has just started so you can always decide to enter the market as long as you have a sufficient amount to start buying bitcoin.

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April 18, 2024, 09:28:54 PM
 #28

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford

I want to assume you are waiting for the price to reduce isn't? And you are also asking at the same time is bull run coming to an end or you are implying bull run coming to an end so you can buy cheap Bitcoin right?

I want you to know that a lot of investors didn't put much money into altcoins because of what happen last bull run, many of them were disastrous to portfolio that even made Bitcoin to fall badly but this bull run, nothing of such and are minimal, so don't expect  Bitcoin to fall to those level your are expecting unless Blackrock and other ETFs dump their Bitcoin but I'm sure they wouldn't sell their Bitcoin cheap.

I will advice to do DCA instead of waiting for a specific range of price of bitcoin.

R


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April 19, 2024, 06:15:08 AM
 #29

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
Buy according to the money you have because Bitcoin can be bought in fractions, not just one unit. But since you say it's not a value you can afford then definitely you will buy in small amounts so pay attention to the withdrawal fees from the exchange where you buy Bitcoin because currently the network is very congested so the fees will be very high.
If you only buy a small amount then save it on the exchange until the amount is large and withdraw it to put it in your personal wallet because putting Bitcoin on the exchange is quite risky and it is best to learn about the security of storing Bitcoin.

The bull run is still ongoing because a decline doesn't mean the end of the bull run, it's just a correction because there is another event and it will slowly rise, next year maybe the bull run will slowly change into a bearish period, and this is my opinion.

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April 19, 2024, 07:46:24 AM
 #30

Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended. However, I see this as an opportunity to own bitcoin at a low price. After the halving, the price of bitcoin is likely to rise again, and it is possible that a new ATH will be reached, even higher than the previous ATH. I think it's still too soon to conclude that this decline will be long-term. We better prepare ourselves, because it could be that in 2025, crypto prices will rise even higher.


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April 19, 2024, 08:55:41 AM
 #31

The global tensions distract Bitcoin bull run, whenever there's a bad news related to war, the price declines, but Bitcoin keep rising because people believe the price will surge in this year. As we can see the volatility is high, each day the price can rise and drop for 5%.



Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended.
It's not really a bull run, but more like an ETFs hype.

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April 19, 2024, 09:34:35 AM
 #32

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
The question is why were you unable to bear it at that time? In fact, if when you wrote this you immediately bought Bitcoin, today alone you would have made a small profit and could also make more profit if you were able to buy in such a large amount because the price has already exceeded $64K. This is why everyone doesn't need to be afraid to buy Bitcoin in the low range because the profits that can be obtained through Bitcoin can certainly be quite real at a moment like now.

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April 19, 2024, 09:34:59 AM
 #33

Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended. However, I see this as an opportunity to own bitcoin at a low price. After the halving, the price of bitcoin is likely to rise again, and it is possible that a new ATH will be reached, even higher than the previous ATH. I think it's still too soon to conclude that this decline will be long-term. We better prepare ourselves, because it could be that in 2025, crypto prices will rise even higher.
The current price correction that is occurring is not very significant and this is still a common thing, but to expect a deeper price decline I think will be a little difficult because Bitcoin's current movement is much different with strong support allowing for price stability and in my opinion that might happen is an improvement.
After the halving, it is very likely that the price of Bitcoin will increase again and this has been happening for a long time, making it very likely that the same thing will happen.
I see the future of Bitcoin prices as quite bright and we don't even need to wait another 4 years to see ATH so to see much higher prices I think we don't need to wait for 2025 either.

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April 19, 2024, 09:44:47 AM
 #34

Well, currently the price of Bitcoin is indeed falling, and it looks like the bull run has ended. However, I see this as an opportunity to own bitcoin at a low price. After the halving, the price of bitcoin is likely to rise again, and it is possible that a new ATH will be reached, even higher than the previous ATH. I think it's still too soon to conclude that this decline will be long-term. We better prepare ourselves, because it could be that in 2025, crypto prices will rise even higher.
The current price correction that is occurring is not very significant and this is still a common thing, but to expect a deeper price decline I think will be a little difficult because Bitcoin's current movement is much different with strong support allowing for price stability and in my opinion that might happen is an improvement.
After the halving, it is very likely that the price of Bitcoin will increase again and this has been happening for a long time, making it very likely that the same thing will happen.
I see the future of Bitcoin prices as quite bright and we don't even need to wait another 4 years to see ATH so to see much higher prices I think we don't need to wait for 2025 either.

Other people can't handle some of this possibilities since maybe they are lacking with knowledge towards certain movements and its understandable that they get afraid on possible dump to happen since maybe they can't afford to lose their money if those bad  situation they always think would happen on bitcoin.

But they don't need to worry about anything for now since I maybe think that we are still in good phase with bitcoin halving hype season and there's still a chance that we can able to see some good price action then could able to witness bitcoin that might possibly reach to $80k this year. Year 2024 is to far away to end and 2025 is promising so provably there's more to wait for bitcoin that can benefit all of its holder.

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April 19, 2024, 01:42:34 PM
 #35

Honestly, determining the end of a bull run is much easier in hindsight, when the price is low for a while. For now, we can try to zoom out and look at, say, the price over a year. In that case, Bitcoin still looks very strong, close to the top.
We can also look at how much the price is below ATH. It's currently 12% below, which isn't that much, to be honest, as the price during the bear market is normally around 50+% below ATH. So I think it's still a bull market, maybe just a temporary point of stagnation that will seem insignificant in hindsight.

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April 19, 2024, 06:38:12 PM
 #36

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
Funny how people always say that near ATH, no matter what year or what cryptocurrency they are talking about. I remembe people saying that bitcoin was too expensive when it was $1000. I was sort of believing that too, especially when it started to fall from there. That's because we can see the past and how low it has been, we tend to think that somehow we might cheat the system and wait after it goes back down. But after it rised back to $1000 again, it never went back and never will. You only see this as a good point of entry when bitcoin hits next ath.

And seriously. NOTHING, in any technical or fundamental analysis even hint that this bitcoin bull cycle would be over. Take it from someone who was talking like you in back in 2014 and learned a lot since.

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April 19, 2024, 07:17:51 PM
 #37

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford

So buy whatever you can afford. I don't understand people who talk like you. Bitcoin is sooo expensive, I can't buy a whole bitcoin. The thing is, bitcoin is divisible and you can own half of it. If it's too expensive for you at 60k, it's going to be too expensive at 50k. Don't think it's going to get to $20k just because that's the price you could afford.
No, bull run is not coming to an end because the halving is going to be priced in months after it happens, which is why bull runs usually happened a year later.

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April 19, 2024, 07:22:23 PM
 #38

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
We've seen the price drop before Bitcoin halving in the past. Bitcoin price was in a correction mood for the last few days, but today the price of Bitcoin has increased compared to the last few days. Only a few hours left in the countdown to the bitcoin halving. Bitcoin is showing an increase in price before the halving, so I think the Bitcoin bull run is not over yet. I think bitcoin is still good to invest, if you hold bitcoin at present I hope that after bitcoin halving the price will increase when the bull season starts, waiting wil bel give good profit.

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April 19, 2024, 07:29:55 PM
 #39

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
If you think that bitcoin price will eventually return to $30k or $40k, I guess you might be waiting for nothing like that as bitcoin might want to stay only at the range of $60k and above. So just try to change your speculation about bitcoin price. And if you really are determined to start investing, it’s not necessarily that you buy the whole bitcoin but start with a small portion of it, something that you can easily afford to lose if ever. Your small investment will eventually grow in time, as long as you consistently hold despite of sudden crash and market correction.

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April 19, 2024, 08:02:50 PM
 #40

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
According to record this has been from start when the price fluctuate during this season, price decreasing doesn't necessary mean bitcoin bull run has ended like your topic implies "bull run coming to an end" although being curious shows you're fighting for an secured investment, I guess you've read replies from forum members and from my thought you can buy bitcoin at anytime, buying now is not late as there's no late entry but the truth is people who bought bitcoin during the dip will definitely make profit compared to an early investor, if you're planning to buy now I think you should avoid the aggressive mindset cause no matter the amount of aggressiveness you put in your investment that can give a complete profit compared to investors who held their bitcoin from 2_4 years or beyond except you're super rich. Take your time and accumulate for the long term plan expect you need the profit so quick, secondly you can start accumulating with little amount so you don't necessary need to own much before you investment but your accumulation amount will determine your profit

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