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Author Topic: Where is the bullrun???  (Read 718 times)
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June 14, 2024, 01:42:14 PM
 #21

The entire bullrun is not a bluff but consider multiple time frames for calling a bull run or bullish period of gains.   The wider time frame remains bullish but as always BTC is a volatile acting asset and near term we are challenged.

Right this moment we are holding a downtrend that is either broken by gaining and holding above 67.5k or we are set continue downwards.

Medium term we have traded in a range or drifted sideways if you like since about March start.   Just recently we did have a bluff charge upto 72k that failed to connect or actually attempt a break upwards.   This is quite normal for BTC and makes it a frustrating asset to trade, expectations are often not precisely returned as hoped.

Long term BTC remains in a good strong period of gains over many months exceeding a year, we cannot be too disappointed in BTC taking a rest.  In fact its healthy for BTC to pause and ironically Iam glad to see prices being checked and volume being raised in this area.

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June 14, 2024, 01:49:27 PM
 #22

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.

Mostly people here especially the OG believes the Bitcoin cycle price pattern which double the previous ATH every cycle.

You can use the image below as reference on what I’m talking about. This kind of chart is very popular for Bitcoin analyst ever now and then after halving or whenever the previous ATH is already reached once again after big dump.


Note: Photo not mine source here https://www.tradingview.com/ideas/search/BITCOIN%204%20YEAR%20CYCLE/

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June 14, 2024, 03:08:17 PM
 #23

just study again and you will be able to find the reason why until now the bullrun has not appeared because no one can predict when it will happen. if you ask where the bullrun is, then people's response will be the same as what i said. everyone is waiting, just like you are waiting, so before that happens you better learn more about bitcoin or better invest your money.

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June 14, 2024, 05:48:59 PM
 #24

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.
If this is your first time or newly engaged into this market then better sit down and watch on how this market behaves. We do know that this market does have that so called cycle on which means that you would really be able to see those up and downs on which it would really be basing up on trends. Also, come or put it into your mind that when it comes to technical analysis then there's no such thing about assurance that those
things will really be able to precisely predict on where the market would really be heading. Speaking about on when bull run happens then pretty sure it would really be happening on next year but no one ever knows about the exact date or time. Also, there were rumors that bull run could happen into this year too on which tons of speculations that you could really be able to read up into this market on which its not really that
shocking that tons of speculations that floats around.

As a noob then better expect the unexpected and no man or trader/investor into this market will really be able to have that 100% precision when it comes to movement and market
conditions. This is why positioning yourself would really be that something that will really be that hard.

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June 14, 2024, 07:05:32 PM
 #25

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.
You have to be patient, this is not the first time that we are expecting bullrun and  it has never failed to happen that's why am convinced that it will surely take place. If you invested in bitcoin with a hope of immediate profit, I think you are going to be disappointed. This is the main reason why you are supposed to invest money you don't have immediate use for. If you happen to invest money you have immediate use for in bitcoin it's going to worry you and you are going to be under pressure if what you have been expecting isn't happening immediately. The bullrun is definitely going to happen but within late this year and early next year, but I can't guarantee you the exact date and month.

R


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June 14, 2024, 08:02:28 PM
 #26

The answer is - right around the corner. It's usually very close, waiting to happen in an unexpected moment, somewhere within the next 2 years after halving. We're just months from the halving, so it could as well start today or tomorrow.
There are a few rules that bitcoin follows. One of them is that whenever too many people believe something will happen it doesn't, so if too many people wait for a new high right now it will not happen until they give up, stop being too exited and stop reacting to these small 10% pumps and dumps. Then we'll have the real run up.
If I were to give you a date, I'd say August or September of this year.

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June 14, 2024, 10:21:22 PM
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 #27

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.

Bitcoin has a pattern that repeats always that is what is making everybody believe that the bull market is coming. The pattern involves Bitcoin rising after the halving has been completed and there are many reasons why this affects the price of Bitcoin in a good way. The halving reduces the rewards Bitcoin miners are going to be getting and this reduced the amount of Bitcoin being added to the already existing ones in the market. The reduction in new Bitcoin with the same demand or even more demand makes the price of Bitcoin to rise. Since old investors already knows this, they always buy more Bitcoin and this adds to the demand in the market. New Investors will too be buying and everything just moves in a positive way for Bitcoin during this time and makes the price to rise.

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June 14, 2024, 10:39:55 PM
 #28

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.

The bull run time for bitcoin should not only be your main focus why you dive into bitcoin. That is just a possibility of it happening but cannot be easily explained when or how it will happen. If you focus more on that aspect, I’m sorry you’ll lose interest in it and won’t be able to acquire other things that can be own or known from owning a bitcoin. It has come a long way to distinguish itself and also have some characteristics that makes it attractive to people and the uniqueness will make you like it more amongst other cryptocurrencies. Don’t just see it as a coin that has potential to grow and make you a very big money. Study it more and you’ll see more exciting stuffs that it entails which will make you naturally not think too much about when the bull will come and it’ll just happen naturally.

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June 15, 2024, 12:00:32 AM
 #29

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.

A bull market is likely to start very soon, don't be disappointed that the price of Bitcoin is falling at the moment. The low price of Bitcoin has created an opportunity for investors to invest. So those who have not yet participated in Bitcoin investment should invest quickly so that later bull run can fulfill its purpose.

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June 15, 2024, 06:21:02 AM
 #30

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.
You said that you have studied reading charts but unfortunately, you seem to not understand much about it. maybe you need more time and effort to learn more not focusing only to reading charts. There are a lot more factors that considers the price movement of the market, specifically BTC. No one here thinks that a bull run will happen now. A lot of us may expect it but no onw said that it will be short term. The right time will come till it happen, be patient and use that time to gain knowledge while you are patiently waiting.

It also seem to me that you are only hyped by the people you see who are into crypto who's saying that Bitcoin will boom in no time. Sorry to say, that's not how it works in crypto. You need to understand deeper and know what it really is when it comes to investing in BTC.
I feel like he kinda nailed in the head? I mean he says that it doesn't seem like it will go up, and you said the same thing as well (I say it too) which means that we are all in agreement of the same thing, so not like he is making a mistake. Don't get me wrong, I am not saying that we are talking about something that is too complicated, I think it's quite fine to fix or find these type of things.

Chart reading is easy after a while, it takes time to learn it but it becomes quite easy with time and he seems to have a good grasp of things if he thinks that it doesn't look like there is a movement. I believe there won't be much during short term neither, it is going to stay about the same and not going to go anywhere.

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June 16, 2024, 04:18:21 AM
 #31

Well, it is certain that the price of Bitcoin will explode, but not necessarily in the short term. It may be in the medium or long term, but it is certain that it will explode.

There are many reasons that lead me and those who are optimistic about the future of Bitcoin to believe that the price will explode soon. The most important indicators are the movements of whales that are accumulating huge amounts and preparing to explode.

Among the latest news I heard yesterday was that Bitcoin whales collected $1.4 billion in 24 hours amid a market correction. This is a very strong indicator because whales cannot buy to lose.


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June 16, 2024, 05:14:17 AM
 #32

I have studied about reading charts
The thing about charts is that they show you the history not the future. This is why I never liked Technical Analysis.

What affects the markets are not seen on charts either. For example these days the global economy is in a very bad shape that keeps on getting worse specifically with growing recession. This creates an increased sell pressure while removes the money that was coming in (or at least part of it). This is why the rise becomes increasingly difficult and bull run you have in mind hasn't started yet.

The bull run is inevitable though. Because despite having recession in most of the world we also have inflation and that means bitcoin price is guaranteed to go up as fiat currencies are dumping even though some are not showing it since they are being kept high artificially (eg. by increasing interest rates that has caused recession).

As you can see none of the things I mentioned can be predicted on charts.

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June 16, 2024, 07:07:05 AM
 #33

It is not easy to predict how much time Bitcoin will take to boost in price to create a new ATH but it is clear that it will surely create a new ATH later or earlier. Time is not guaranteed but investors of the bitcoin trusted That during this bull season they will examine new all the time high value which will be right to sell their assets to take profit.

If someone has little Knowledge about Bitcoin then he can Understand well that how to take profit from it so it is the best time to purchase Bitcoin to have maximum return during new ATH achievements.



 

 

 

 

 

 


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June 16, 2024, 08:25:04 AM
 #34

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.

I think is more profitable to believe like religious people than seeking much about this I would not contribute much to your question base on fact I have not experience it before it's my first time to experience halving and looking forward the Bull run but I believe because I have read allot from experienced people who have been in the system the saying there is no smoke without fire has been my beacon to believe more behind every rumors there is always some atoms of truth.

Bull run is at the corner it take those who have experience to tell you what will happen soon because you can't give what you don't have ,  trying to doubt when you have not experience bull make you not ready to learn , asking questions to learn is good but there is a length to which you will argue in the means where many information and statistics of how the system work is already available.

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June 16, 2024, 08:49:13 AM
 #35

What makes you think that will happen a bull run now?

Math and history.
The math behind Bitcoin's emission and the historical charts for what has happened after each halving.
Even more, imho we are already in the bull run. Or how would you call the current "state" when the price was at 15-20k in the winter of 2022-2023 plus we have already surpassed this year the previous bull run's high (no matter the corrections we had since then)?

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June 16, 2024, 09:38:24 AM
 #36

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.
The only thing that makes me believe Bitcoin will explode again is because Bitcoin's history always makes an explosion after the Halving. I'm also not very good at reading charts, but my trust in Bitcoin has removed any doubts about its long-term potential. If you are looking for or waiting for Bullrun to arrive, you need to make preparations before his arrival. Do it now, not later, because no one can predict when that moment will come. Always take advantage of every opportunity you have to welcome the arrival of the Bullrun by collecting Bitcoin consistently.
Bitcoin Halving is already done, so where is that explosion you are talking about? HHmm.. In fact, Bitcoin did even dumped a lot. Trust is a powerful thing because it can make us believe that something is going to occur even if there are no guarantees. Maybe there are people who are literally speculating, like watching the price alone and not making any investment.

I think there is also an excitement on doing this. For those who do invest, indeed that it's better to do things ASAP and this is why we have a DCA here because it makes people to invest even with a small amount but it's justifiable since most of the times the price is not down yet.

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June 16, 2024, 09:54:40 AM
 #37

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.
In terms of learning Bitcoin, it is necessary to continue to learn if you want to have good knowledge, but regarding crypto it will be very complicated because there is too much.

I don't think the bull run will happen now but I do think now how strong the new support is to go to the bull. In 2024 it may be difficult to see the bull we are hoping for, but in 2025 the hope of seeing a bull run is very strong to happen even though it is only limited to speculation with the events and history.

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June 16, 2024, 10:19:06 AM
 #38

A bull market is likely to start very soon, don't be disappointed that the price of Bitcoin is falling at the moment. The low price of Bitcoin has created an opportunity for investors to invest. So those who have not yet participated in Bitcoin investment should invest quickly so that later bull run can fulfill its purpose.
Opportunities are always there and open to everyone who truly believes in investing in Bitcoin, especially for those who have clearly seen the four-year cycle in Bitcoin which always creates the highest price in Bitcoin itself. The price of $66K is a price that is not too bad to buy for everyone who wants to make their own preparations to welcome the bullrun, so that the worries and doubts that are in each of our minds must really be put aside so that we all have a strong mentality to want to buy in that price range.

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June 16, 2024, 10:55:38 AM
 #39

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.
First you need to understand that Bitcoin is not a short term project, it is a cryptocurrency that investors hodl for a long term and don't worry much about the exact time when bull run will start. If you research the hysterical pertten of Bitcoin seasons you will further understand that bull run doesn't start immediately after the halving, it takes months before we will begin to experience price surge that will lead to a new ATH, but many newbies thinks that bull run starts immediately after halving, but it is not true.  Over the years since Bitcoin was created, it has proven to be a reputable asset that will continue to be in demand because of it's profitability so the price will always increase in the long run. Buy and hodl as many Bitcoin as you can afford, bull run will come in it's own time.
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June 16, 2024, 11:32:57 AM
 #40

There is quote from the crypto community and it says...

"when in doubt, zoom out"

That is all enough for you to see and understand why we are all believing that we are in a bull run until next year.

also, the cycle.

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