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Author Topic: Where is the bullrun???  (Read 607 times)
Yaunfitda
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June 20, 2024, 10:31:49 AM
 #61

the bull run will come any time, but don't know the Exact time.. just hold with without panicking, it will make you rich any time..

History tells itself and every couple of years the bitcoin price reach a new all time high driven by adoption, halving and some major events. Obviously these events could take place, few weeks before seeing the new trend in price but it happens in the end.
For the moment, it is the consolidation phase which can be followed by a bull run or at the opposite a transitory period of price decrease.
Mostly it's the halving itself that is the catalyst for a bull run, Bitcoin is going to be very hard to acquire and so their will be a demand as the supply is going to be limited. The thing is that it's not going to be very quick to suddenly see new all time high right after the halving. It will take weeks and months before we can finally see some movement. Although it's the first time that we have reach new all time high prior to the halving. And so with that, it might be a different run for this cycle, but the thing is that most speculators are pointing at a $100k++ as the next bull run price. So what we need and as what we have been preaching, we just need to have more patience this year and the next. And let the market flow naturally, and once we are in the flow, nobody can stop the bulls.

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June 20, 2024, 05:11:26 PM
 #62

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 you are into cryptocurrency they only understand that the price of Bitcoin always increase and always decrease in the market and they determinant of that price of being decreased and also increase is dependable by the gravity or the demand and the supply that come in contact in the market so many investors who invest for long time and who also invest for short term also knows that the price of Bitcoin is not constant but have a mind that the price of Bitcoin can increase at any point in time because the market is rotational



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Agbamoni
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June 20, 2024, 05:11:50 PM
 #63

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 always repeats the previous cycle after halving and has reached a new ATH several times, which means we have confidence in the current cycle where the price of bitcoin will return high even though the current ATH is still too early at $73K, but many people predict more than $100K when bullish comes then now is still not the time but your opportunity is never missed, yeah we don't know when the price of bitcoin will rise but believe many people the price will return high.
Because the ATH after the halving this year took place came so early that is the reason why so many speculators believe that there will be another ATH before the year's end. And also, they believed that the previous bull run was just a tip of what is to come. At first, there was assurance that the end of the bull run would keep the price of Bitcoin at 100k so when it stopped at 73k or 74k there were about. It's now certain to them that it's not yet over and that the 100k speculation is still possible.

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June 21, 2024, 05:39:12 AM
 #64

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm



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June 23, 2024, 01:55:37 PM
 #65

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm




The news of MicroStrategy buying more bitcoin is not a signal for us to rely on and believe that bull season is coming. MicroStrategy has been buying bitcoin throughout the 2022 bear season until now, and as far as I know, they have a long term goal with bitcoin and they are executing the DCA strategy every time they have money. They don't care about prices or what stage the market is in. One more important thing is that their average price is only $37k which means they are getting 80% return on their Bitcoin investment. They won't care if the bull season comes or not with that level of profit.

But based on history, I agree with you, bull season will take place soon and possibly later this year. What we need to do is buy, buy and wait.


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June 23, 2024, 02:34:16 PM
 #66

Because the ATH after the halving this year took place came so early that is the reason why so many speculators believe that there will be another ATH before the year's end. And also, they believed that the previous bull run was just a tip of what is to come. At first, there was assurance that the end of the bull run would keep the price of Bitcoin at 100k so when it stopped at 73k or 74k there were about. It's now certain to them that it's not yet over and that the 100k speculation is still possible.
This is not a problem for many people to speculate about, but sometimes we also have to remember price corrections. Because this should not be forgotten by everyone as we have seen now that Bitcoin is already at $64K, which is a level that has a distance of $10K to the next target level at $74K. Speculation about Bitcoin's price being that big is indeed feasible, but I don't think that it will come true now because Bitcoin is currently facing a period of price correction, although not by a large enough percentage.

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June 23, 2024, 03:01:01 PM
 #67

People were spoilt by the start of this year because this is still the bull run but they are grazing right now Cheesy    I said even back in Feb it cant always be like this, its way too fast and they jumped the fence moving that fast it wont last.


For the end of this week its a good idea to look in reference to weekly bars.  Within that, this is 4hr bars because thats most relevant for the present moment and fits a pattern.   The bottom line is the weekly bar to end Feb, its where price action should hold if we remain quite positive overall.



Its a high mark but ideally its now the bottom.  February was very positive and the ideal is we do keep that provision in our saddlebags for the future journey  Tongue     The top line to price action in this time frame should be familiar, its the 2021 peak and prior ATH.   Again to measure progress, we do really need that below us on the regular and yet its still threatening as a ceiling though I dont presume that yet.

Brown moving average is monthly and blue line is the weekly average, it fits the peaks or cycles to daily price action.
Bottom indicator is OBV and I presume via reference to volume its not indicating strength just yet.

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June 23, 2024, 04:58:23 PM
 #68

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm
Although I believe we shouldn't base our decisions on things like these where industrial investors buy Bitcoin or cryptocurrencies and we do the same such pieces of news usually raise curiosity among retail investors and when they see big firms buying Bitcoin, they try to imitate them and this can become a positive sign for the market because as the demand increases, the prices will start to move up as well.

A lot of retail investors, mostly newbies, are becoming restless because they aren't seeing much positive movement from Bitcoin but it usually corrects itself and instead of going up, it goes down, and they don't like this because it makes them panic. However, they need to understand that the bull run doesn't come this early after the halving event, it's only been about two months and we are already becoming restless.

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June 23, 2024, 05:52:49 PM
 #69

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm
Although I believe we shouldn't base our decisions on things like these where industrial investors buy Bitcoin or cryptocurrencies and we do the same such pieces of news usually raise curiosity among retail investors and when they see big firms buying Bitcoin, they try to imitate them and this can become a positive sign for the market because as the demand increases, the prices will start to move up as well.

A lot of retail investors, mostly newbies, are becoming restless because they aren't seeing much positive movement from Bitcoin but it usually corrects itself and instead of going up, it goes down, and they don't like this because it makes them panic. However, they need to understand that the bull run doesn't come this early after the halving event, it's only been about two months and we are already becoming restless.
Yes, we should not be controlled by the information of institutions that buy bitcoin, and make us follow their steps, I think it's the wrong decision if retail follows them, retail should first enter before the institutions continue to increase their accumulation, I think it's much better, but maybe that's only done by retailers who have been in bitcoin for a long time, not yesterday afternoon or still beginners.

I am quite dilemmatic with today's market, where indeed price movements tend to decline, especially tonight, I don't find any reason why I can push bitcoin much higher after previously touching the $74 price level, even tonight also experiencing a continuous decline or correction. If only I had more money, this should be the moment to continue the DCA before the bull run really comes.

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June 23, 2024, 07:23:42 PM
 #70

Zoom out on the 6 month chart and tell me that there is no bullrun... Roll Eyes

The problem is that people look at small time frames on the chart and start panicking because they thought Bitcoin is a get quick rich scheme.

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June 23, 2024, 07:55:26 PM
 #71

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 halving and bitcoin spot ETF in the United States are reasons why bitcoin price is going to pump very high, mind you as well that bitcoin is already in a bull run, for example if you look at the price movement in the last 6-12 months, you'd understand that we are indeed in a bull run and the price has been steadily increasing.

You should also DYOR on what you are curious about, and if you want to buy bitcoin, now is the right time to do it and DCA is the best strategy to apply. Finally, you should know that bitcoin is not a get rich quick scheme nor a pump and dump coin.



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June 23, 2024, 08:40:40 PM
 #72

Zoom out on the 6 month chart and tell me that there is no bullrun... Roll Eyes

The problem is that people look at small time frames on the chart and start panicking because they thought Bitcoin is a get quick rich scheme.

This. In February everyone was excited about Bitcoin going above $50k, now we have a massive outcry that it fell below $64k.
Some things will never change I guess.

Also, if we look at the previous cycles, we'd always have some pull-backs after halvings, some were around 30% or even 50%. What we're experiencing right now hardly qualifies as a pullback.
Long story short, this is normal.



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Rabata
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June 23, 2024, 10:20:54 PM
 #73

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 anyone knew exactly when the bull run would begin, they would certainly be rich. But while we cannot know when this bull run will begin, we can make a assumption that it is very likely to happen. At the moment we are very close to a bull run but the bull run has not started yet. The price of Bitcoin previously crossed the ATH but the current price is quite far from that ATH. The bull run we expect after the Bitcoin halving has yet to happen. We can assume by looking at the market conditions and charts that we will soon be able to see a bullish look in the crypto market.

letteredhub
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June 23, 2024, 10:55:27 PM
 #74

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.
What was your purpose of buying Bitcoin. Is it for the price or for the utilities is provides it's users? Maybe you quickly getting off from acknowledging that volatility comes with ups and down, but people like you don't want to recognize that part of when it's all going down. Check past circles the bull run has mostly taken a delayed move even after the halving. Bear it in mind that this delay could actually extend to 2025 and if you ain't patient enough you may pull out and miss the juice when it squeeze.
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