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Author Topic: Is Bitcoin’s bull run coming to an end?  (Read 974 times)
tabas
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April 19, 2024, 08:18:15 PM
 #41

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
We're too sensitive whenever some corrections happened. We ain't yet on the peak and we already ask if the bull run has already ended. Don't assume too much that we're going to see the end because we'd go there soon but not yet for now. Give time for the market to mature and then when you see that it's starting to drop then that's the time that you're going to have that analysis that it's probably going down and the bull run is coming to an end but again, it's not yet the right time thinking of it when you've just seen that it fell 4% currently.

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April 19, 2024, 09:02:30 PM
 #42

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.
Things like this have happened before during there is nothing to panic about and the what happened last week with Israel and Iran also affected the price of bitcoin. And aside halving when ever bull run is approaching there is usually a fall in price, if you don’t understand how this things works you might not really be able to explain what is actually happening in the market. When the price is down all you need is to buy the dip and hold then you can concentrate more trading so you are making moves on how to make money, true that a lot of things affects the price of bitcoin easily and that is they say it risky and you have to make a good choice when making decision. And if you are scared of trading then just hold as you said and that way you will be free from been scared of losing money.

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April 19, 2024, 10:31:13 PM
 #43

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

Even when the prices go up, I was thinking that it was because of the Bitcoin ETF that people were hyping by that time, so in my opinion, now that it is no longer hyped, the price has fallen to its normal price that it was supposed to be. However, nobody knows what the market will do. The crypto market is very volatile, and we can’t predict the market. If you can’t afford to buy Bitcoin at the moment, then you wait for more dips. When it reachesthe point where you will be able to afford it, you can buy.

But when you are talking about the bull market, nobody will tell you what will actually happen. It is all prediction that fills the place, and you know prediction works; it may happen, and there is a possibility it will go another way, so the thing is that you should do your own research. I think that will help you more.


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April 19, 2024, 10:35:36 PM
 #44

I understand your. Many people are expecting the way your expecting but looking at things the market is not planning to go down for more newbies to invest in the system. That price was Yesterday and not the price is $64,328 and it still going up and this will deny many people to invest this period. Personally I was thinking that in this halving bitcoin will go down for us to accumulate more in the wallet. But irony is the case.

Though the time has not pass and it is now that the halving is about t start so probably it will go down in the middle and the fastest fingers will purchase more.

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April 19, 2024, 11:32:31 PM
 #45

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

The price of Bitcoin is dropping but that doesn't mean the bull market is coming to an end yet, after the halving, we still have from now till the end of 2025 to witness another bull Run bro.

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April 20, 2024, 04:34:47 AM
 #46

When you are betting, you rise and fall according to the share market price. There will be a share market and there will be a price on it and you will buy it before the beat and invest it and the exit price will increase accordingly.  Because of this, the price of Bitcoin has decreased a bit. There are many people who are not able to do it because it seems so free, but many people have done it until 2028. If you notice that not everyone invests in Bitcoin, there are many people who are big on reading.  mask  Moreover, nowadays many people are dependent on many income thieves, there are many people who are making a lot of money by investing in bitcoins and trading bitcoins. I am only talking about these things because you are talking about them.  When the market is at a high level, it will come down.
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April 20, 2024, 06:51:38 AM
 #47

I am seeing the entire year to be a bullish year. A downward change of 3.78% doesn't mean a lot. There's no reason to interpret it as a signal that the bull run has ended. The halving has just happened. It will surely have an effect to the price, although gradual rather than instant. The demand is continuously rising causing the available supplies on exchanges to hit low levels. Now, the reward has even fallen to 3.125BTC. This is a significant development. Once the impact of this will be completely absorbed by the market, we might hit 6 digits.

1 whole coin is not affordable. It will be more unaffordable in the months and years to come. Hodl strong and stack Sats!

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April 20, 2024, 08:36:03 AM
 #48

The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
If we rely on history, the real bull season will only come after the halving and the halving is completed today, which means there is a crazy bull run ahead. Don't just because bitcoin has dropped 3-5%, you rush to conclude that the bull season is over, that's not entirely true.

Although the market is unpredictable, once you invest in bitcoin you should have faith in it, don't be afraid or too stressed by bitcoin's small correction. Bull season is fast approaching so don't panic and sell your bitcoins now.

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April 20, 2024, 08:53:16 AM
 #49

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

Tell me you’re a noob without telling me you’re a noob. Come on man, this is embarrassing, Bitcoins volatility is a feature not a bug & a 3.78% dip is nothing. The block reward halving has only just passed, the bull run has barely even started, don’t talk stupid.

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April 20, 2024, 09:21:03 AM
 #50

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

In the title, you asked whether the bull run is ending, in the content of the topic, you only mentioned a 3% decrease, and at the end, you said that the price was too high for you to buy. Will the Bitcoin bull run end just because you can't buy it? There's no reason why you can't buy it because the price is high, you can buy it but in small quantities. In addition, daily increases and decreases of 3-5% do not affect the general situation much. Unless you are daytrading at very high volumes, these will not even have a main effect. I think you should start collecting Bitcoin, even if it's small, as soon as possible and buy it regularly, then you won't regret it.

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April 20, 2024, 01:25:43 PM
 #51

Tell me you’re a noob without telling me you’re a noob. Come on man, this is embarrassing, Bitcoins volatility is a feature not a bug & a 3.78% dip is nothing. The block reward halving has only just passed, the bull run has barely even started, don’t talk stupid.
I didn't see anyone opening a thread when Bitcoin rose by 3.78%. The OP is likely to be new to the scene; after all, he's a newbie, even though this doesn't necessarily mean much. Perhaps the OP also anticipated a huge rise due to Halving's hype; the forum is pretty much filled with threads talking about it. The bull run is yet to start and may even take a few months before it gets going, and it's not like Bitcoin has severely crashed; it's at approximately $64,000; the previous ATH was at $69,000; it's only a minor decrease.

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April 20, 2024, 02:20:23 PM
 #52

there's absolutely no valid reason to cause this current bullish to end I mean we have ETF approval, ethereum too is waiting for its approval, countries across the world also trying to approve the ETF of their own countries, i doubt the bullrun will just end abruptly along the way like this, there might be price correction indeed but doesn't mean the bullrun will just gonna be ended midway, we haven't reached our target that have been speculated by so many analyst yet, its gonna be strange to see that the market suddenly dumps out of the blue, the reason the previous bearish even happening is because some company goes bankrupt this time around what could be the trigger? nobody knows.
but one thing for sure though I think that the price will just climb even higher, the previous halving too doesn't have that much significance toward the price increase but become the start of a trend that the price gonna be rising from here on, hopefully it become reality and target gonna be reached.

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April 20, 2024, 02:52:22 PM
 #53

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

No I don't think the Bitcoin party is over now. Prices have been fluctuating a lot in the last few weeks, but as long as the price is above 50,000 USD I wouldn't worry so much about it. From your short sentence I assume that you want to buy more bitcoins at a lower price than we have now. Like you there are tons of other investors that would be buying happily if prices drop again, which means that a considerable down turn in bitcoin price doesn't seem likely at the moment. On top of that are many governments considering to cut interest rates again as inflation is falling. Which leads to investors to looking for more risky assets as new investment. With stocks being at ATH as well there aren't many alternatives to bitcoins. I wouldn't sell my coins right now.
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April 20, 2024, 06:03:25 PM
 #54

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

No I don't think the Bitcoin party is over now. Prices have been fluctuating a lot in the last few weeks, but as long as the price is above 50,000 USD I wouldn't worry so much about it. From your short sentence I assume that you want to buy more bitcoins at a lower price than we have now. Like you there are tons of other investors that would be buying happily if prices drop again, which means that a considerable down turn in bitcoin price doesn't seem likely at the moment. On top of that are many governments considering to cut interest rates again as inflation is falling. Which leads to investors to looking for more risky assets as new investment. With stocks being at ATH as well there aren't many alternatives to bitcoins. I wouldn't sell my coins right now.
With a situation like the one you convey, it is very wise to continue holding Bitcoin for a long time, today the price of Bitcoin is around $65 K, I predict the price could fall again but will not touch below $63 K. As believed by many people, that the price of Bitcoin will continue to show an upward trend as will a number of other coins, especially after a halving like today. Although it will not happen immediately, as we learned in the previous period, the price of Bitcoin will continue to rise over time, and this may not be the right time to sell it.

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April 20, 2024, 06:09:38 PM
 #55

OP I don't think you understand what bull run means because basically we just entered the halving event and a slight dip is expected before the pumping (bull) will begin so if you think you can't afford to buy Bitcoin now then you may actually not be able to buy again till after the bull run so since the bull run is not yet come, it is an opportunity to still buy at any price except you are aiming a short term profit.

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April 20, 2024, 09:55:07 PM
Last edit: April 21, 2024, 06:55:29 PM by Saint-loup
 #56

OP I don't think you understand what bull run means because basically we just entered the halving event and a slight dip is expected before the pumping (bull) will begin so if you think you can't afford to buy Bitcoin now then you may actually not be able to buy again till after the bull run so since the bull run is not yet come, it is an opportunity to still buy at any price except you are aiming a short term profit.
Really? Expected by who? A pre-halving bull run was expected to happen initially, now it didn't happen, it finally becomes a post-halving pump? That's what we need to understand? For me it's just a narrative in order to attract newcomers and to create some FOMO from investors but it's not a real expected financial phenomenon actually. And it is not likely to happen this time IMO. It doesn't mean there won't be any significant bull run till the end of the year but it won't be related to it.

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April 21, 2024, 12:05:45 AM
 #57

Its not due to come to an end just yet, this is profit taking which quite ironically is healthy during the development of a longer term price.  The BTC price longer term looks good to remain positive even beyond these grand gains that have occurred YTD in 2024.

Even medium and shorter term I wouldn't say BTC is actually negative in the way that its capable of falling.  If we can rise 10% in a day and it is possible then on balance you have to include that as possible on the downside also, if anything the sell offs can be more harsh or feel that way to many.   All we did recently in sum total or an averaged view was go more sideways then prior, it lost it gained, we repeated and recycled the prices for many weeks now.

3.78% is going to make a few people chuckle, that can happen in an hour for a day its only really counting included within the other prices of at least a couple weeks I think.   Just recently its threatened to develop a negative trend but coming into end of this week we are rising again.  Hence you just have to say its got people in a spin, as we cycle back and forth neither bulls or bears are getting especially what they wanted.

I count prices traded at this high level as volume strengthening, later on we can launch from this point of strength so be glad really is my conclusion.

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April 21, 2024, 12:35:11 AM
 #58

OP I don't think you understand what bull run means because basically we just entered the halving event and a slight dip is expected before the pumping (bull) will begin so if you think you can't afford to buy Bitcoin now then you may actually not be able to buy again till after the bull run so since the bull run is not yet come, it is an opportunity to still buy at any price except you are aiming a short term profit.

Well halving is done now and it’s starting to dip a little but not too much that people who are waiting for cheap prices are able to accumulate already. The pre-halving pump seems to have passed already when it has reached up to 70k usd as from what I remember.

Now we will definitely see bitcoin pulling back a bit before it goes up and the bull run starts

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April 21, 2024, 05:00:31 AM
 #59

At the time we are currently in the market, this is usually the time when the market is relatively low because this is the Bitcoin halving time. During this market period, the price of Bitcoin usually drops to half of its current value, and a large number of investors sell Bitcoin during this period. One of the reasons why bitcoin prices dump more during the halving period is because people panic during this time and in panic they only sell rather than buy which causes the price to only go down. This season the market is not going down as much as other seasons. This season it seems that the market is somewhat pumping and dumping ie the market is still normal even though the halving period has already passed. Since the market has been positive so far, it is expected that Bitcoin will not halve this season.

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April 21, 2024, 08:34:57 AM
 #60

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

If you are looking at the graph in terms of minutes, hours, days, etc., the difference in bitcoin's volatility is clear. But I think a lot of people here are feeling happy that it's not going up too fast, just thinking about the positive chance that we can buy them when the price drops. Internal and external issues are affecting prices, and feel free to discuss them because if you look back 1 year ago, 2 years ago,... you will see that that journey has had a lot of changes fluctuations and we are currently in the price increase phase. The adjustment is only short-term but it is enough to make many people confused because they are not familiar with it.









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