Does Bitcoin reaching 64K signal the start of a new bull cycle? Bitcoin hitting

[riceadam]

Does Bitcoin reaching 64K signal the start of a new bull cycle?

Bitcoin hitting the 64,000 level has drawn significant attention from investors as market momentum begins to pick up again after a period of volatility. Some believe this could indicate the beginning of a longer-term uptrend, while others remain cautious about a possible pullback. Do you see 64K as a psychological milestone, or a sign of real market strength?

[JeromeTash]

$64K? Dude, the price even touched $59K at one point and then just bounced back. Right now we are at $67K after the rebound. I don't think the bull cycle is yet here. We just had a bull cycle last year, so what we are looking at is the bear market and then a very long, boring accumulation phase that might come along.
If we base it on the previous cycles, then maybe after the Bitcoin halving time, but you never know what the market has in store for us.

[Yamane_Keto]

Does Bitcoin reaching 64K signal the start of a new bull cycle?

No, the current cycle bottom is further down, in the $45,000 to $49,000 range, but this is unlikely to happen soon; price stability is expected. Unless the price rises rapidly in the coming days, a test of the $45,000 and $49,000 levels is likely before the end of this year.

[betswift]

you, op, look at too small of a timeframe.. don't panic or act on any bounce.. just wait for your opportunity and hodl properly. don't panic sell nor panic buy.

[blockman]

Does Bitcoin reaching 64K signal the start of a new bull cycle?

More of the opposite and that's the bear cycle.

Bitcoin hitting the 64,000 level has drawn significant attention from investors as market momentum begins to pick up again after a period of volatility. Some believe this could indicate the beginning of a longer-term uptrend, while others remain cautious about a possible pullback. Do you see 64K as a psychological milestone, or a sign of real market strength?

It's a milestone in a point that it has gotten lower aside from $64k and we have to check on that signal that the bear market is about to stomp the entirety of the market. It's a strength IMO that it has to go through and just trying to shake the weaklings. As they have sold, the market will surge again and will try to recover and that's what we're seeing from now on.

[el kaka22]

It's great that we reached back 70k after such a huge drop, but that doesn't mean that we are not in the bear run and it doesn't mean that we are in a new bull cycle. That's not going to happen, anytime it crashes, we face some troubles and that happens all the time but that doesn't really mean that we are going to end up with profits just because it went up a bit.

Even on the worst days, we have bounces back, but this is called a dead cat bounce and nothing more, it is going to keep going down. We can't just be happy about every movement and get hopeful, if we do then when the price crashes we are going to feel very sorry about it and we shouldn't really be worried about it at all, it is not going to be the same at all.

[dansus021]

Does Bitcoin reaching 64K signal the start of a new bull cycle?

Heck yesterday bitcoin is below 60K bro  the only thing that happened to me is message from the Bybit that my position is got liquidated deymmmmm that is my last 200 USD and now is gone from ARB hahahhahah.

Now in my opinion the only s*it going to happened is the real bear market is about to start

[shinratensei_]

It's great that we reached back 70k after such a huge drop, but that doesn't mean that we are not in the bear run and it doesn't mean that we are in a new bull cycle. That's not going to happen, anytime it crashes, we face some troubles and that happens all the time but that doesn't really mean that we are going to end up with profits just because it went up a bit.

Even on the worst days, we have bounces back, but this is called a dead cat bounce and nothing more, it is going to keep going down. We can't just be happy about every movement and get hopeful, if we do then when the price crashes we are going to feel very sorry about it and we shouldn't really be worried about it at all, it is not going to be the same at all.

That is logical, but don't you think that bitcoin has been heavily oversold this past few weeks? even if bitcoin somehow going down again, it will take a while before that happens.
Technical indicator is a thing and RSI has been on the lower side for too long and when everything looks oversold, there is usually reversal of the trend. It just couldn't go down, the market never works that way.

There is only so much bitcoin that can be sold in the market, eventually the bear will run out of bitcoin to sell. Those big sell off has happened and the selling pressure won't be as bad as before.