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

[Maslate]

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.

[348Judah]

Possibly, this is a bull run that has to occur during the bear season, but don't misconstrue it as a bull season because we are still not in it yet. Sometimes the market could be volatile, and we see it leaving the zone of $60,000 to $70,000 and even intending to go towards $80,000, but it was resisted.

This is how the market could react in some conditions and before you know it we can still move in from this range down towards it $80,000 and until we get closer to $100,000 but never forget that they will still be some dump and pump scenario during this entire process before we achieve the final destination to move us out of the bear season as we draw closer to end the current season.

[suzanne5223]

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 see this current Bitcoin pump as a normal thing. According to price action, the market has been experiencing a dump since last year November, so this current pump is good for the market to fill up the bearish FVG, but what will tell if this is the bullish market we're expecting is the trend the market will pose after BTC reaches the $84K and $98K price range.
That said, from my understanding, the bull market isn't fully back.

[Female King]

Bitcoin price is been low for some months now so i wouldn't be surprised if the recent increase in the price can be seen as the bull run, well it may be it may not as we can't still be sure of it.

Bitcoin as a volatile asset has all possiblity to increase and also decrease that's why it's good to always dca with out waiting for any price to come before you can buy bitcoin, i have over heard some one saying he is going to start buying bitcoin when price dip more to $60k, this is just how turn out to be a no coiner because the price he was waiting for may it come, we don't have to be amazed if we see the price reaching $80k anytime soon.

[cxtreenal]

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.

Basically the rise of Bitcoin is due to the global and demand-side fluctuations in price. Bitcoin price has been in a downward trend for more than 10 months in history. It was in a stable position a few days ago. Looking at the price graph of the last two days, it feels like there has been no such trend for many months as it is currently being seen. Be on the alert because the market is showing a bullish attitude and is starting to move downward. It will not be possible for anyone to make a perfect prediction overall.

The bull run you have been waiting for has not yet started because the market may or may not correct again. Stay focused on your goal and accumulate Bitcoin because your expected bull run may be seen after few more days.

[Maslate]

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 see this current Bitcoin pump as a normal thing. According to price action, the market has been experiencing a dump since last year November, so this current pump is good for the market to fill up the bearish FVG, but what will tell if this is the bullish market we're expecting is the trend the market will pose after BTC reaches the $84K and $98K price range.
That said, from my understanding, the bull market isn't fully back.

We never really know if the bull run is back until we see it clearly, but what we are witnessing now is already a trend showing the market is becoming bullish. If this continues, people will get hyped, some will FOMO and start buying, and that's usually what the market needs, once people believe it's bullish the price can really start moving.

We also can't just follow the usual price graph because during a bull run, Bitcoin can go crazy and move faster than expected. So I guess the next big thing is to break that $80k level first, then let's see what happens from there.

[taufik123]

-snip-
We also can't just follow the usual price graph because during a bull run, Bitcoin can go crazy and move faster than expected. So I guess the next big thing is to break that $80k level first, then let's see what happens from there.

The price has moved wildly in the last few hours, really keeping me interested in continuing to observe it.
It is not impossible that this week's BTC price could reach $80k at the close of the weekly candle.

The bulls are back again and the determination is whether Bitcoin can break through $80k or not, because the Flip Trend Line on the 1-week Time Frame is at the price of $77,862,
It can close above that price Bitcoin can continue to rise to the next price.
Hopefully, there will be no bad news or rumors that interfere with Bitcoin in a fundamental way.

And some recent news that made the price of Bitcoin rise as well as the Bitcoin Volume on Upbit rose by 273%,
Because Korean Traders Are Back and start enlivening the Bitcoin market.

https://www.tradingview.com/news/newsbtc:293242349094b:0-upbit-volume-jumps-273-as-bitcoin-rally-pulls-korean-traders-back-in/

[lombok]

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.

The occurrence of breakout of a vital level accompanied by heavy volume signifies a strong purchasing power. The influx of new capital into the crypto market is likely to increase rarely slower during seasonal trends in the closing quarter.

But to establish the major burst then the same price resilience above last level must be persisted. Tests of this new base will show whether the uptrend progresses to a new peak or it is mere momentary liquidity trap.

[Awaklara]

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.

The momentum of Bitcoin's price increase this time has also sparked a lot of speculation. We've been in a mostly bearish market for quite a while, so it's no surprise there's excitement seeing the market go up.
Previously, we've seen Bitcoin rise above $80k, only to drop again shortly after. So, it might be better not to get too carried away with what we hear and see. If you want to take profit, anyone can take the opportunity.

[Dr.Bitcoin_Strange]

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.

In my opinion, Bitcoin price really moved too fast and when price move like that, it's likely to fall again because it didn't generate any strong support and resistance zone but rather just move in a straight line. It would be nice if the bull already started, which means that Bitcoin price might likely get to $300k when the next halving. Although, I am not predicting that the price will not fall but what I do believe is that it won't go below the all time low of the month of June.

[Wiwo]

This is a good time to trade on bitcoin, and if you ask me which direction my position will go.

Short position on Bitcoin: yes, Bitcoin price has pumped real hard, and a 22% increase in 7 days is something to be celebrated, most especially when Bitcoin spent a long time e in the bear zone.

But don't let the current price achievement get you carried away to think that we may not see Bitcoin below $65k again.

[pooya87]

Considering how the price has been rising for about 5 days (basically from August 17) and the momentum has so far been strong enough that it has broken multiple strong resistances, we can confidently call this a bull run. But whether this is the one people were waiting for is another matter

It appears that the "Trump pump" some people were talking about might have been right but in different way than they were advertising. With the US debt rise speeding up over the past couple of years, the confidence in the dollar has been evaporating. On top of that the way the Pedophile POTUS has isolated US is weakening the dollar even more.
These two and the fact that the debt reached $40 trillion has been strong catalysts in my opinion.

But we also had the accumulation phase that we've been talking about over the past 2 months (basically in the last week of June when price didn't remain below $60k) and after any accumulation phase, we usually have a bull run. And this is it.

[Churchillvv]

Well if you’ve been following up you will understand that this is not really a bull run, but just a mere recovery from a well long down which people consider as a accumulation but will still make corrections after this pump, so what I do not know is this a bull run as you called it (on a general context) but to me it’s not, it’s just bitcoin doing its thing but merely on the premises that there must be a catalyst to help sky rocket to the position where it is today. I’m not expecting more ups but just a fluctuating till the correction.

[Myleschetty]

Possibly, this is a bull run that has to occur during the bear season, but don't misconstrue it as a bull season because we are still not in it yet. Sometimes the market could be volatile, and we see it leaving the zone of $60,000 to $70,000 and even intending to go towards $80,000, but it was resisted.

This is how the market could react in some conditions and before you know it we can still move in from this range down towards it $80,000 and until we get closer to $100,000 but never forget that they will still be some dump and pump scenario during this entire process before we achieve the final destination to move us out of the bear season as we draw closer to end the current season.

I also think this. Which i see as the major market player/institutional decision to liquidate some short traders who prioritize short trading and to create some bullish market trend excitement in the market for holders. If not, the market shouldn't have made this intriguing price pump for hours following several dumps that occurred days ago, with the dump of BTC by the Bhutan government and others.

[Jaweria parveen]

This is a good time to trade on bitcoin, and if you ask me which direction my position will go.

Short position on Bitcoin: yes, Bitcoin price has pumped real hard, and a 22% increase in 7 days is something to be celebrated, most especially when Bitcoin spent a long time e in the bear zone.

But don't let the current price achievement get you carried away to think that we may not see Bitcoin below $65k again.

Now the time to take profit from the $60,000 price is over, now it is time to take profit from the $77,000 price because those who have invested in Bitcoin will now withdraw their profits or wait, but those who have not invested will now invest and if the price goes down, they will regret it. This increase in price in a single day has attracted the attention of many people and now many people will invest in Bitcoin and I hope that the price of Bitcoin will stop and can create a lot of pressure in the market. I also feel that now the price of Bitcoin will strengthen its level and keep the price up and up. Even if the price falls, it will not go down much.

[Muba20]

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.

Bitcoin can rise at any time and in any situation. That's why I'm not too worried about the recent rise. Though in this time Bitcoin's rise was not expected to be bullish at this time. In most causes towards the end of the year bitcoin price may bullish, but this is not true all the time because Bitcoin does not follow the trend that has been seen for a long time. Although some are very optimistic about the current bullish movement, I do not think it will be so bullish right now. The price of Bitcoin has risen significantly compared to the last few months. If Bitcoin touches a new high through this rise, it is also possible, but I think it needs more time to reach that level. A positive trend has been created among Bitcoin holders in recent times, which can be very helpful in increasing the price of Bitcoin. While this market is certainly not favorable for those looking to make short-term profits, long-term holders will be able to continue investing without any pressure. If it surpass $80,000, I believe it will touch $90,000 in a few days, but it could stay at $80,000 for a few more days and could turn to decline.

[DiMarxist]

This looks like the bull run because, for a very long time bitcoin is above $70k . I believe that bitcoin has Started tracing back which is a very good one especially for those who were patience enough to hold during it dip.if bitcoin move above this current price and gets to $80k then most people who are carried away by these negative news about bitcoin and it's Dip so sold their coins will regrets the decision that they have made.

But it's too early to be talking about bull run, I will just say that bitcoin price is just beginning to recover because looking at the whole situation we are seeing in the market, things are still really not certain because the market forces controlling the rise and fall when it comes to bitcoin can still change any time.  This is what makes bitcoin unique it's volatility today bitcoin is up and the next day bitcoin price is up again.

Do let just observe and hope that the bull run back, because  at this point we are still speculating and not certain about what the price of bitcoin is going to be next,  but for now there is little relief because there is a upwards movement in the price of bitcoin.

[Marykeller]

Let's not conclude yet that this is the bull run, while it is not. I advise everyone to continue with their DCA; at any price Bitcoin falls at any time, they will see it as a normal thing that is in their gains, not a loss to them. As the way we are seeing, the current market movement to show a positive sign of a bull run, being a gain to many of us thinking Bitcoin is skyrocketing to a price higher than the previous ATH. That's a gain for the majority of us who buy at a low price to sell at a high price

[Cryptoprincess101]

This is a bull trap if you ask me; the market has experienced significant increase in just 2 days  because of U.S. Treasury Bond Buybacks, doesn't it tell us something? Donald Trump is trying to control the market again. If you want to buy more bitcoin expecting the price to keep skyrocketing so that you can take profits then I must say that you might be trapped when the price starts a sudden correction but if you have intentions of holding for a long term then you should add more bitcoins to your stash.

[SatsPH]

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.

As from by understand, I thought that we are still in the cycle of bear trend?

If that is the case, then how are we talking about bull run? Bull run can only be discussed if we break the previous all time high of $126k, at least that's my take in my short amount of time in this market.

So for me this is not a bull run, it's just the market reacting to the positive news from the Trump administration. And we all know that there is no so called consistently in this market as it is very unstable.