Is this the Bull Run that we have been waiting for?

[Crypto Library]

As per CMC, Bitcoin is now up around 22% in the last 7 days. That kind of pump I have not seen for the past months, as mostly Bitcoin was just staying below $70k.

But now it is pumping, and it has been over 24 hours already and still looks very consistent. Honestly, I would not even be surprised if it will hit $80k again.

This is just my observation, but it seems Bitcoin really becomes bullish most of the time in the last quarter of the year.

Anyway, how do you see this? Is this already the bull run that we have been waiting for, or just another pump? Give some technical aspects or justification if you have too, let us understand this.

I don't think so, this can be only a bull trap, even many peoples were saying this maybe this is not the bull trap becuase when bitcoin was in 68k/69k poeple took shorts on the future trade and liquidated but this cann't proved that this pump is not the bull trap even if bitcoin goes up to 85k I will still say this as a bull trap.

And will also say bitcoin will be down in the near future to create the bear bottom price, becuase I don't think 58k would be the bear bottom price, the bull run we have been waiting for will start after the next halving I mean after the 2028

[Free Market Capitalist]

Anyway, how do you see this? Is this already the bull run that we have been waiting for, or just another pump? Give some technical aspects or justification if you have too, let us understand this.

What I see is that you don't understand much about bull runs.

You've been registered on the forum since 2016, and you're starting a thread to ask if being down 10% for the year counts as a bull run? The price increase we've seen could be the beginning of a recovery, but we can't really call it a bull run until the price surpasses the previous ATH. Technically speaking, and if you look at the chart for the year, we're currently at a first resistance level around $80K. If that level is breached, the next one would be $100K, although I expect that to be much harder to break through—even though it wouldn't be the first time that price has been surpassed.

[GeorgeJohn]

As per CMC, Bitcoin is now up around 22% in the last 7 days. That kind of pump I have not seen for the past months, as mostly Bitcoin was just staying below $70k.

You shouldn't be surprise if bitcoin price changes, it has been the method of bitcoin, it changes in price unexpectedly, note: that at of when you made this post, the price of Bitcoin were at 70k, but currently the price is at 77k, that's to say the price is unpredictable....

Anyway, how do you see this? Is this already the bull run that we have been waiting for, or just another pump? Give some technical aspects or justification if you have too, let us understand this.

We are not yet in a bullrun, the price of Bitcoin just appreciated, it doesn’t mean that we are already in the bullrun..It can be said to be in the bullrun when theirs i high resistance bands in the price, approximately from 85k and above, so at this point Bitcoin price is still fluctuating and it can't be confirmed as a bullrun...

[Smack That Ace]

As per CMC, Bitcoin is now up around 22% in the last 7 days. That kind of pump I have not seen for the past months, as mostly Bitcoin was just staying below $70k.

But now it is pumping, and it has been over 24 hours already and still looks very consistent. Honestly, I would not even be surprised if it will hit $80k again.

This is just my observation, but it seems Bitcoin really becomes bullish most of the time in the last quarter of the year.

Anyway, how do you see this? Is this already the bull run that we have been waiting for, or just another pump? Give some technical aspects or justification if you have too, let us understand this.

I don't think so, this can be only a bull trap, even many peoples were saying this maybe this is not the bull trap becuase when bitcoin was in 68k/69k poeple took shorts on the future trade and liquidated but this cann't proved that this pump is not the bull trap even if bitcoin goes up to 85k I will still say this as a bull trap.

And will also say bitcoin will be down in the near future to create the bear bottom price, becuase I don't think 58k would be the bear bottom price, the bull run we have been waiting for will start after the next halving I mean after the 2028

Yes, based on the historical market cycle, this isn't the bull run we're waiting for. It looks more like another, possibly bigger trap.

That said, we don't have enough evidence to say for sure that this is a bull trap. There's no guarantee that history will keep repeating itself without any changes.

Honestly, I still lean toward this being a short term recovery, but I wouldn't rule out the opposite scenario either.
Market is unpredictable, so being prepared for both scenario is more important than trying to predict exactly which direction it will take.

[pooya87]

The momentum seems to be decent so far. We saw the rise from about $64k all the way to $79k and then we had a correction which keeps the rise healthy by bringing the price down only a little to $75k. If the trend continues like this, the next resistance we are going to test this coming week is going to be $80k and if that is broken, then the next leg up can be even bigger because that kind of "resistance breaking" will bring in a lot more money due to their returned confidence in bitcoin's near future rises...

The price push happened suddenly, and I never expected it to hold its ground within $75k. After it had reached $79k before dropping down, I was expecting it to go below that level, since few people were calling the growth a trap, but because of the way it has remained stagnant within $77k there is more chances that the next move will be upward and we might likely go above $80k

Being stagnant after a big rise that happened suddenly after a long accumulation (sideways) trend is a perfectly natural thing. We can call it the denial phase.

Just check the "sentiment" topics in this board. Since price hasn't been rising for a long time, we can see many users expected the price to not rise or some who expected a bear market. So when there is a sudden rise and we enter a bull run, at first they deny it is a bull run and want to stick to their old speculation. Therefore they don't enter the market and maybe some of them even take that as a chance to sell their coins (expecting a drop) which is why we see a pause and a small correction.

The "denial phase" seems to be over though considering in the past 5-6 hours the rise is resuming again and we are already testing the $80k resistance.

[CryptoBuds]

I don't think so, this can be only a bull trap, even many peoples were saying this maybe this is not the bull trap becuase when bitcoin was in 68k/69k poeple took shorts on the future trade and liquidated but this cann't proved that this pump is not the bull trap even if bitcoin goes up to 85k I will still say this as a bull trap.

And will also say bitcoin will be down in the near future to create the bear bottom price, becuase I don't think 58k would be the bear bottom price, the bull run we have been waiting for will start after the next halving I mean after the 2028

What is happening now reminds me of Bitcoin’s move up to $83k in early June. Bitcoin also had a strong rally back then, although this recent move has been much stronger and faster. Many people at the time also started believing that bear market was over and a new bull market had begun. But just a few week later, Bitcoin even made a new low at $57k.

The lesson is still there. I dont think people forget that quickly.

So far, Bitcoin still seems to be following the market cycle. I also lean toward this being another trap and Bitcoin not having found its bottom yet. But I could still be wrong.

[sokani]

I don't think so, this can be only a bull trap, even many peoples were saying this maybe this is not the bull trap becuase when bitcoin was in 68k/69k poeple took shorts on the future trade and liquidated but this cann't proved that this pump is not the bull trap even if bitcoin goes up to 85k I will still say this as a bull trap.

Since it's not Bitcoin halving yet, it's likely a bull trap, and I expect the price to take a dip anytime soon. That said, I'm surprised the price of Bitcoin pumped a little bit today despite the ongoing tariff wars between the US and Canada. It pumped from $77k to $79k. It seems the tariff is having little or no effect on the market.