As we wrap up April, Bitcoin, Ethereum, and quite a few altcoins are making some noticeable gains. I can't say for sure if we've hit a full-on bull market just yet, but a good number of seasoned traders are already taking profits through futures and spot trades. Most token pairs are getting traded with USDT and USDC, which caught my eye about the ongoing USDC event on BingX. They're offering a chance to snag some cool rewards, and it wraps up on May 6th. Just thought I'd share this in case someone wants to jump in.
In the short term, we are in bull season, but the current price of BTC is in a consolidation phase. The price these days seems undecided, no retest yet at the $96k level, where all liquidation or stop-loss hanging out.
Maybe after this month, the price might try to retest that area to wipe out all stop-loss before it continues the bull season but if the retest fails two times expect for the price to drop around $88k.
This is just my own speculation based on technical analysis because fundamentals like news have a big impact right now on BTC. I visited some trading groups, and it seems they are waiting for the tariff update. No current market shift, so we are still in a bull run until the upcoming update about the tariff.
This should be moved to the speculations board - https://bitcointalk.org/index.php?board=57.0
In my estimation, I will not say that they bull run has started just yet. The price of bitcoin is still fluctuation between 93k - 95kish. Personally, I will consider it a bull run once price reached $98kish and holds steady. And this time it will set a new all time high.
We are already in bull run season since december last yr, what happened to the recent dropped were just a correction and now price just bounced back. I agree what above said that we are in consolidation phase now instead, full bull run should be expected at $120k and above.
You look like a shill of BingX. In your last 10 posts, you mentioned BingX 5 times, even inserting it as off-topic, just like what you're doing now. If you're a paid shill of BingX, why don't you just ask the team to open an official announcement thread here?
Anyway, it looks like the Bitcoin market is a ticking time bomb right now. It might explode anytime all of a sudden, surpassing its current ATH. Forget about Ethereum and other altcoins, they're not performing well. Their prices in Bitcoin are all falling down.
I also noticed some newbie accounts popping out here and there mentioning exchange or another business names in their new thread. It's quite annoying in another forum where I visit regularly, so hopefully it doesn't get too bad here. Maybe they're trying to be smart with the SEO without trying to pay anything. I honestly think a long-term sig campaign is better if they want better traffic from this forum.
Anyway, whether the bull run ended or not, it's more important to look at your capital first. If you can't risk it all, make a better strategy so you can enter or exit quickly while assuming the worst will happen. That being said, I don't think a bull run is a necessary factor to participate in a trading contest. The question should be whether you have the capital to do it or not in the first place because most rewards are peanuts if you have no volume at all. CMIIW.
You are correct except that we have been in bull season since January 2023 and not last year. There were some corrections but overtaken by bull run. I remember bitcoin was around $17000 in January 2023 but now at almost $95000. As for ATH, I think bitcoin may get to almost $130000 or more. But I do not think bitcoin will increase above $150000 for now but that will not stop its long term speculation of over $800000 and let getting to $1 million.
If I remember correctly bitcoin hit ATH on March 14, 2024 (before halving) and the catalyst was the approval of bitcoin ETFs. So I think the bull season has started since the ETFs were approved until now, and this is probably the longest bull season we've ever had.
But to be more precise, this is a bull season for bitcoin, not for the entire market because altcoins have been performing very poorly for a long time despite bitcoin continuously hitting ATHs and remaining high. Meanwhile, what most people are waiting for is for the entire market to rise together, including bitcoin and altcoins. So that may be why many people are still waiting for bull season to arrive even though we've been in it for a long time.
We have been in the bull run all along despite the dip due to the tariff war, it has paused and the bull run is continuing, so what happened during the dump was a correction to position us back into the bull circle. I can agree that we are in a consolidation stage and the next phase of bull run for me would be when price skyrockets above the present ATH. Predictions for the peak of this bull run is as high as $200k, if you have the believe then go ahead and keep topping your bag to take profit if price reaches that estimation.
For over one year now or let me say since the bitcoin halving occured we have actually been in a bull because the market has actually been able to flip prices that it dumped to in the late 2022 and early 2023. What we are currently facing right now is just a correction which we all expected will happen due to the hype pump in during the USA elections fiasco. The correction only takes this long time due to economical crisis we are experiencing but still we are not in the bear market. I will only agreed that the market is bearish if the price in less 12 months has been bearish. The only thing is we are yet to experience the full blow bull run that comes a year after the bitcoin halving but it will most surely come after this economic crisis has passed.
Although we can actually say that the Altcoins have not been in bull at least some have done some xx but Ethereum definitely is in a bearish trend.
My recent calculation on Bitcoin shows a bullish market, and this will linger till May. For this, who knows where it can hit before the end of May. I work based on the market conditions when dealing with Bitcoin, and for it to have breached above $88,613 weekly chart Fibo level and $90,000 psychological level means that it has slipped back to a long-term bullish trend, everyone should watch out for a hit of $100,000 latest in May.
Yeah maybe, before Trump officially declaring the new tariffs, I think Bitcoin will make new ATH, then suffer short dump again and Bitcoin price reach the peak in Q4. Reaching $120K doesn't seem impossible, we're almost hit $110K.
Bitcoin price is hovering around $95K, this is already high enough since the price suddenly jump from $80K.
There needs to be enough signal showing that Bitcoin can reach $200k, as a matter of fact that we started to experience bullish part of the market shows that we are some steps away from making such a price come true. We might also not see $200K, so many predictions are already against our chances of valuing a price up to $200K. Our speculations for now are limited to $150K, the closer and longer the bullish season enhance our chances of seeing Bitcoin at $200K.
Have you checked OP's posting history?
I see he mentions one of the exchange quite often in almost all of his posts. But I try to ignore that and just focus on the essence.
So far we have not been able to confirm that the bullrun has fully started after bitcoin experienced a significant correction. It is true that the market has shown a good recovery so far with bitcoin now trading in the range of $94k to $95k, but there are key resistances that need to be completely broken and maintained for the bullrun to be confirmed. I do not see a high probability of reaching $100k as a key level before declaring a bullrun, but so far the market looks positive with bitcoin prices able to stay above $90k.
We still need more action though, I mean we haven't broken $100k yet, that is the threshold that we might say that we have a bull run already or at least have a new all time high again.
I'm not sure about the altcoin market or what the USDC trading event it.
As you have seen we haven't seen a bull run on the altcoin, ETH price is way below it's expectations. But as far as Bitcoin goes, we have been in a rally lately, but still the number that we need to see here is 6 digits.
Basically it's hard to say that the market is in a bullrun, although the signs are there, starting with prices rising significantly, breaking resistance after resistance, making new highs which means demand is greater than supply, then there is market sentiment, a large wave of investors buying massively, believing that prices will gradually rise.
However, what is happening now is that although the price has risen significantly recently, it is still a short-term category, because currently the market is in a sideaways condition, the price moves up and down in a small range, investors also tend to be still afraid to enter the market due to the vulnerability of price manipulation with news that often comes out suddenly, resulting in a price drop in a short time.
Futures and spot trading does not need for the condition of the market ti be on a bull run but once you can analyse the market well and place a trade which goes in your favour, youll be able to make a lot of wins even before the actual bull run begins. Spot traders also get to win in this game but they win more when its the time of bull run, buying low and selling high. Regardless of the market condition, a futures trader that is well positioned in the market will always have a chance to profit from the market irrespective of the direction the market is going.
Event like this are unending from exchanges and theyre doing all of it to get more users interested in their exchange and to trade more with them. Its an advertising strategy, so you can try your luck out and see how good you are with your trading skills. All the best and thanks for sharing.
Positive reflection in BTC which is the result of outrunning or wearing out the prior downtrend. We stopped that ongoing regular negative pressure on BTC for the whole of this year which is a positive in context but overall that'd be labelled a recovery not a bull run as we are most familiar with it. So a proper bull run has far more energy to it, most typically it moves fastest when we are past a prior ATH.
At the moment Bitcoin is exploring or consolidating its prior price action, the price right now is in a pivotal area of about 94.4k. If we were really being hard on the judgement then no its fallen off the ladder and as yet despite being back on its feet BTC aint climbing higher not even back to where it previously ranged for some months. Too early to call, not full strength not a bull more like cattle grazing
Though we can't really give the exact price level but as we have observed, the chance of further increasing its value as the demand is continuously increasing is high. More and more stakeholders are coming to this market because of the positive news arising from this industry. Thus, in my opinion, we are still heading in the positive direction but up until when, that's what we don't know yet. We are only hoping that it will continue to rise as the demand increases. But don't forget to be conservative with your estimates as it can save you when you need to cash out when you are in a tight position.