My argument on why this might not be the beginning of the bull market

[bbc.reporter]

Yes, we are thankful that the Donald has caused the Trump pump to more than $75k. I am very much happy and excited for this, however, the skeptical me is thinking that this might not he the beginning of the bull market similar to what other people might be declaring.

There are reasons. The speech of the Donald that caused the Trump pump might be an action from the Republicans that they are becoming desperate because there are still very much chances of the popping of the AI bubble that will cause everything to have a big dump occurrence.

There is also very much the chance that the Clarity act will not get passage to the desk of the Donald for signing which might also cause a big dump for the cryptospace including bitcoin.

Also, why is this ratings to increase interest rates on September becoming higher?



Source https://polymarket.com/event/fed-decision-in-september-762

[Agbamoni]

The bull market is a speculation from many who are anxiously waiting for it to start, but we all know that the market trend is not certain whether we will see a bullish rally or retain our stance in a bear market. I don't want to be too quick to draw conclusions, claiming to be an expert. All I know is that the current market state of Bitcoin will take us by surprise. It's either you're prepared or watch those who got ready enjoy the ride. Regardless of which side it goes, I am comfortable with it. The expectation of profit for me is in 4 years.

[Sim_card]

Since Trump entered office he has been manipulating the price of bitcoin with different news and that's why I don't want to believe that the bull run has started because Trump can still come out tomorrow with a negative news that will affect bitcoin price and make the price dip drastically back to $63k or below. No one can predict the market.

[sergiorus]

I don't think it's Trump's speech what caused the pump. For Hyperliquid particularly - maybe, but overall crypto market was just a dry forest waiting for a spark.

He made a lot of bullish crypto statements in the past 1.5 years, which only caused small pumps and dumps, or simply dumps right away.

What we saw was several days of intense bidding that doesn't happen due to some "speech".

[uneng]

It's a massive pump, indeed, which has been happening since days ago, but we have to take into consideration everything which pumps too fast and suddenly, also dumps on the same proportion... It's too early to claim it's a bullish run considering only one single movement/fluctuation of the market.

Realistically thinking, such news don't have potential to boost Bitcoin in a sustainable way at that point. The most likely hypothesis is that speculators are heavily playing with Bitcoin price right now. Personally, I don't believe in a bull run before 2028.

For me, Bitcoin's history speaks louder than short term massive fluctuations.

[Accardo]

Gold also rallied alongside bitcoin, it's more of a bull season for all hard assets, after Secretary Scott announced a $4billion increase to the bond buyback program from its original $2billion limit. The US government is doing this to bring down the high debt the nation has accumulated. So, investors will have to run back to assets like bitcoin, since bonds are being bought back from them by the government. Seeing bitcoin at $80k is a big rally that could surge further to $90k, I think it's a beginning of the bull run rather than just a mere speech from Trump as you said.

[Donneski]

Somehow I also hold the same opinion with you that we shouldn't be carried away by the recent pump. We've seen similar movement in the market before where the market showed signs of a major breakout but ended up returning to the the bullish trend started.

That said, I think attributing the recent rally to Trump's speech is a little too exaggerating. The changes in liquidity expectations, the dollar and the renewed regulatory push also  contributed to the current sentiment.

If Bitcoin can be able to hold the ground it has recovered and continue attracting real buying after these recent excitements settles, then the argument for a new bull phase will definitely become much stronger.

[EL MOHA]

I don't think it's Trump's speech what caused the pump. For Hyperliquid particularly - maybe, but overall crypto market was just a dry forest waiting for a spark.

He made a lot of bullish crypto statements in the past 1.5 years, which only caused small pumps and dumps, or simply dumps right away.

What we saw was several days of intense bidding that doesn't happen due to some "speech".

I don’t understand why people have actually failed to get that this particular market has been using a whole two months to actually consolidate and we all know that a prolong period of consolidation actually leads to two things which is either the market continue in its trend or it changes trend even if it’s a fake break out and this particular case scenario is exactly that. Bitcoin has been bearish for the majority of the year and was poised to change direction after the long ranging of the market.

Yes we can agree that fundamentals like Trump statement can actually trigger a demand which could increase the price but this particular demand wasn’t driven alone by Trump statement because there were many factors already that were going to cause high demand

[Pandorak]

The current rise is indeed quite surprising, especially for holders, of course, this is good news and hopefully Bitcoin will continue to rise gradually. Let’s hope Donald Trump doesn’t make another statement that could cause Bitcoin price to plummet instantly, as he has done before.

And perhaps we’ll soon see Bitcoin price reach $82k, an important level and if a breakout occurs, there could be a further rise to $90k.

[Oshosondy]

The current rise is indeed quite surprising, especially for holders, of course, this is good news and hopefully Bitcoin will continue to rise gradually. Let’s hope Donald Trump doesn’t make another statement that could cause Bitcoin price to plummet instantly, as he has done before.

There is nothing Trump can do about what will finally happen to bitcoin. When bitcoin wants to get to all time high, bitcoin will get there. Trump can not control the price of bitcoin.

I also think this is not the start of bull run, but maybe it has actually started, I do not know. Bull run do start with bitcoin rising significantly first, then followed by the altcoins, but that is not happening right now as other altcoins are following, but I may be wrong.