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

[Big Dirams]

many are waiting for 20k per Bitcoin before they start to buy.

I think the target to buy at the price of $20k is not realistic given the market situation that previously reached the ATH. The price target is too low to be reachable even if the drop is less than $50k. If someone wants to buy, should not miss it when Bitcoin is at 60k. The market seems to be dragging on, moving sideways for a long time. There are lots of opportunities to buy then.

That dips is very low to be reached right now with this market current movement, I guess those that are waiting for bitcoin to touch $20k before they can buy needs to be patient more and being patient doesn’t even guarantee that the price will go for that dips. We can’t actually say that is impossible for bitcoin to go but right now the probability of bitcoin going for that lows is very low to be honest and my advice would be they should move their buy target closer to where it might be possible to reach like $60k and even with this the possibilities isn’t that strong too but it much more reachable than $20k.

They shouldn’t  just sit and wait for that $20k alone instead they should take advantage of other lows and buy incase if the price never goes to that low ever again.

[Pandu Geddon]

I think the target to buy at the price of $20k is not realistic given the market situation that previously reached the ATH. The price target is too low to be reachable even if the drop is less than $50k. If someone wants to buy, should not miss it when Bitcoin is at 60k. The market seems to be dragging on, moving sideways for a long time. There are lots of opportunities to buy then.

That dips is very low to be reached right now with this market current movement, I guess those that are waiting for bitcoin to touch $20k before they can buy needs to be patient more and being patient doesn’t even guarantee that the price will go for that dips. We can’t actually say that is impossible for bitcoin to go but right now the probability of bitcoin going for that lows is very low to be honest and my advice would be they should move their buy target closer to where it might be possible to reach like $60k and even with this the possibilities isn’t that strong too but it much more reachable than $20k.

They shouldn’t  just sit and wait for that $20k alone instead they should take advantage of other lows and buy incase if the price never goes to that low ever again.

There are several possibilities for people waiting for a price drop before buying. The first is those who are unsure about Bitcoin. So they are actually just making an excuse out of fear to put in their money. 
The second is large fund holders. Investors with large funds will enter by buying at low prices and wait for the price to rise to reach their target. They are accumulating capital, not accumulating purchases. But still, they will definitely set a bearish situation with a reasonable buy price target.

[Die_empty]

I never want to be in the position of guessing what the market is doing, many coins have dumped 90% and counting, Bitcoin itself looked like it's bottomed at 58k, I believe it's best to just buy whenever you have some spare money..

Who has predicting the market bottom helped? No one I believe, they always miss the bottom one way or the other because they have so low price that they plan to buy, many are waiting for 20k per Bitcoin before they start to buy.

This pump could be fake but it makes no sense to have wait and not start buying since 58k too, even if we dump from here it's possible that we will only go down to same 60k range so what the hell are people waiting for?

Those coins that became worthless and shitcoins that shouldn't be invested in. There is a saying that said the best ime to buy Bitcoin is when you can afford it.

You wouldn't say that predicting the market has not been beneficial to anyone. Some traders have made good money from analysing the market and making positive predictions accordingly. Maybe we might say that the majority of these traders might have predicted wrongly.

I don't think the market has entered the bull season. This price increase might be temporary; therefore, investors should be careful not to fall for FOMO.

[YOSHIE]

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.

My personal speculation is that the current situation in the crypto market is not what we expected from a Bull Run, in fact the current situation is a game for investors/large companies who buy Bitcoin just to make a profit, this is not a real price spike.

Previous experience was that before the halving was 1 year away, that's when the price of Bitcoin slowly started to rise, but what is happening now is the opposite, it doesn't last long for the price of Bitcoin to fall again, in fact what was expected was not the right time at this time.

Speculation explains that the crypto market can change in a matter of minutes, all of which really affects sellers and buyers, I speculate that big investors have not yet entered.

[Audrey Simmons]

It's still possible that we can still see the price of bitcoin drop to $65k since bitcoin is a volatile, there has been an increase in the price of bitcoin in the past days this is to prove that there is absolutely no need to panic when ever there is a decline in the price of bitcoin because a time will come when the price will later increase back again, the price of bitcoin now is still a good buying time, i will say bitcoin is still at dip so it's an opportunity to use well by accumulating more bitcoin because we might see the price above $100k again before the end of the year.

A few hours ago, the price was around $81K, meanwhile, the current price of Bitcoin is $78K, and it looks like it will continue moving down. This is it with Bitcoin, you never know what will happen, $90K was looking approachable, but maybe the opposite, as the price might be heading towards the $60K range.

Looking forward to Bitcoin below $60K in the coming months, which could be our last bear season before the bull run.

[jahead]

[...]
Looking forward to Bitcoin below $60K in the coming months, which could be our last bear season before the bull run.

Im with you, and after this bull trap, Im currently chillaxed waiting for a steady coming downward trend.
And yeah, I strongly believe in the 4-year cycle and will, until proven wrong.   Though I have to say, I think we will see sub $40k, and that by late November this year at the latest. If not, it wouldnt be a big deal because of my DCA strategy anyway. A win-win situation, so no FOMO.  

[Miles2006]

Bull run during this period always last a little longer, no long pump is guarantee and from the look of things the price might last at $80k range and below. Nothing is certain, our predictions is generally either a sudden pump or the actual bull run, if the sudden spike is said to be bull run then the market price would have lasted longer and it seems the price keeps fluctuating within $70k to $80k range, from my observation the current market price is just a spike for the moment.

[Emeraldo]

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 pumping of Bitcoin was a big surprise to us and we never expected Bitcoin to pump at this time of the month.
We are going to be entering the quarter four of the year and this will be a good start to see the price of Bitcoin continues to pump which can mean that the end of the quarter four of the year is going to be bullish. That is what we are hoping to see and this could work out looking at how price has been shooting and if this continues the end of the year is going to be bullish for all crypto holders.

[Crytohillss]

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 pumping of Bitcoin was a big surprise to us and we never expected Bitcoin to pump at this time of the month.
We are going to be entering the quarter four of the year and this will be a good start to see the price of Bitcoin continues to pump which can mean that the end of the quarter four of the year is going to be bullish. That is what we are hoping to see and this could work out looking at how price has been shooting and if this continues the end of the year is going to be bullish for all crypto holders.

Absolutely, the rising of Bitcoin was a kind of surprise to everyone for me I never expected this to happen at the end of this month I think we are seeing the quarter of the year and this we definitely be good one for the beginning of Bitcoin investment I'm starting to seeem Bitcoin becoming bullish because most as time last quarter when Bitcoin was decreasing it's value and today it has started putting some smile in people's face observing the current price of Bitcoin this is already what we have be waiting for a longer time.

[taufik123]

-snip-
Previous experience was that before the halving was 1 year away, that's when the price of Bitcoin slowly started to rise, but what is happening now is the opposite, it doesn't last long for the price of Bitcoin to fall again, in fact what was expected was not the right time at this time.

Speculation explains that the crypto market can change in a matter of minutes, all of which really affects sellers and buyers, I speculate that big investors have not yet entered.

This indicates that the trend has indeed changed and the crypto market cannot be predicted completely,
because there are many factors that really affect why this crypto market pattern or trend changes before or after Halving occurs.

Big investors even sold some of their assets in the last few weeks, as the Strategy did which is a large institution that has a lot of Bitcoin as their reserves.

The market was affected and eventually experienced a decline, but this week some big investors seem to start coming in again
with an increase in the price of Bitcoin that was able to break the $80k price this week, although some corrections occurred but this is Normal.

Retailers are also getting more and more who come in, but hopefully there is no FUD or anything else that makes the price suddenly Drop, because BTC has made a strong enough Support at this time.

[I_Anime]

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.

 
During the week Bitcoin manage to hit $81k which is a pretty much good sign , but I’m still observing , the moment Bitcoin surpassed the price range of $85k start expecting more buying and more greens in the market , then I can fully say the bull is wide awake.

For now focus on accumulating more bitcoin stash , because if you don’t have enough stash and the price increases more you won’t make much , so focus on increasing your bitcoin holdings before the making surging .

[programmer3666]

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.

Well, as of this moment, the coins are dropping in price and the streak of consistent pumps has lost momentum. Just a few days ago, everyone was jubilating that BTC hit $80k and the market is all red right now. So all that talk of a Q4 bull run looks too far fetch no, The whole market has flipped and those 22% gains are quietly disappearing. We are nowhere close to an authentic bull run just yet.

[STT]

The wider market forced down Bitcoin towards the end of the week.  With a big rise you have to expect the price action is inclusive of leveraged traders who must repay their borrowed dollars.  The cost of dollars went up as currency strengthened a bit and so BTC has pulled back, some were expecting this and all of us should know its possible I guess.

If we can close this weekly bar above 77777 then Im bullish, that should likely mean we can trend higher.   What I expect is some faltering close and further weakness to fight off, meaning doubt extends into next week.  Presumably we trade lower, the wider context is still a bull run is forming but the cows are eating grass for right now

[kawetsriyanto]

Exactly. Its too hasty to conclude that Bitcoin has entered a bull run based on a single pump.

Indeed. We shouldn't too hasty to conclude anything. Although Bitcoin has increased quite significant, it doesn't mean the bearish season ends. After the pump, usually it will be following by some dumps.

A real uptrend usually come with steady volume over several week, clear higher low, consistent money flowing into the market, and funding rate that aren't getting too high...There are many factors to consider, not just the price going up and declaring that the bull run is here.

Yep, there must be constant rise for a longer time. It mostly happens once we really begins the bullish season. At that time, the raise of the capital will be more stable into the market. So, the uptrend can last for a long time period.

Currently, Bitcoin still doesn't have enough of those signs. So it's too early to call this a real bull run.

True. It still has no strong signs, so it seems to last for a short time. It is because the rise is just pushed by the news.

[Obulis]

So far what is happening (these pump) is not really enough to define a bull run because it can also take the same stagnation like some few months ago.
This range of $70k+ for now only changed what Bitcoin had been for a while now but can become the low that many won't anticipate since they've defined a bull run or are carried away by the increase. What happened can only be a signal for a bull market but shouldn't be concluded as a bull market.

[Derekfunds]

Well, as of this moment, the coins are dropping in price and the streak of consistent pumps has lost momentum. Just a few days ago, everyone was jubilating that BTC hit $80k and the market is all red right now. So all that talk of a Q4 bull run looks too far fetch no, The whole market has flipped and those 22% gains are quietly disappearing. We are nowhere close to an authentic bull run just yet.

The reason for the jubilation was because Bitcoin broke a structure ( a resistance), the price of Bitcoin has been ranging for months now and I don't know what you expect holders and people whose aim and interest is to see Bitcoin take the upward trend to do when the asset eventually push that direction, were you expecting people to cry? Of cause not, people whose interest was for market to pump will definitely jubilate and there is nothing wrong to see the market pull back because it is a normal thing.

[drangos]

I believe the difference is between a good rally and a bull market. Sometimes a sharp move can occur due to a short covering or a temporary surge in demand. So price doesn't provide much information on whether the trend has truly reversed. I would look more closely at whether BTC has the ability to make higher lows and higher highs on the higher time frame after pulling back, in order to find this breakout successful. This would otherwise look more like a relief rally if it were to lose the new support soon. However. Waiting for confirmation could mean missing out on some of the move especially if it is a big pump. But it will also lessen the likelihood of treating each major pump as a new cycle.

[DanWalker]

Well, as of this moment, the coins are dropping in price and the streak of consistent pumps has lost momentum. Just a few days ago, everyone was jubilating that BTC hit $80k and the market is all red right now. So all that talk of a Q4 bull run looks too far fetch no, The whole market has flipped and those 22% gains are quietly disappearing. We are nowhere close to an authentic bull run just yet.

Bitcoin is still trading around $79k, so it's a bit too early to say that 22% gain is quietly disappearing.
Secondly, even in a bull market Bitcoin doesn't just keep going up in a straight line. There will always be pullback along the way, so a slowdown in momentum isn't enough to say this rally is over.

I don't think this is a sign of real bull market, but it's still a bit rushed to say it's over just because Bitcoin is pulling back after several day of gains.

[Ab de villiers]

During the week Bitcoin manage to hit $81k which is a pretty much good sign , but I’m still observing , the moment Bitcoin surpassed the price range of $85k start expecting more buying and more greens in the market , then I can fully say the bull is wide awake.

For now focus on accumulating more bitcoin stash , because if you don’t have enough stash and the price increases more you won’t make much , so focus on increasing your bitcoin holdings before the making surging .

Last 15 days bring good momentum for Bitcoin its jump on good price rang this helps market for having good activity due to this increase in price peoples are feeling good but still its not stable like its needed because all bitcoiners understand about bitcoin nature is volatile and its never been stay on good level but here peoples those are also understand market sentiments are doing good work and accumulating this. Now September start is also going to be interesting because if its going to pick $80K its going to be have good because this price will keep things on level and chances are high new baseline could be above $80K.