It is not possible to predict when Bitcoin's bull run will start. However, the recent Bitcoin price has crossed $70k, which is a positive sign, but it cannot be said that Bitcoin will be bullish. The current performance is definitely different from previous years, especially the increase in Bitcoin prices in August was not seen in the past few years. The market has gained much more strength than before. That is why I definitely expect the market to go up further during this time. New investments are increasing in the US ETF market, which will definitely increase demand, as a result of which the market will now go to a much stronger level than before. Currently, the market is stable between $78k and it has crossed the highest 80k in the last few days. I am still not free from worries considering the market condition. The market can move in any direction from this point.
The fact that it is not possible to predict the market's next move at this point is the reason why the current move could possibly be a bull trap. Those who go ahead and sell their assets and help the market go down again will give the bulls another opportunity to fill their bags with bitcoins at a lower price. We could also be wrong for saying this and this could be a general positive move, but taking any action when there is no certainty is obviously not a good thing, which is why I would rather just wait and watch instead of doing anything at the moment.
Those who are into DCAing, they can surely continue their operations because they don't even need to worry about the price, whether it goes up from here or goes down again, they can still keep accumulating as long as they can, but one time purchasers, or those who bought and are waiting to take profit, maybe it's not the right time for them because if they take profit and it goes higher, they will regret, and the same applies if it goes down again.
