So the bear market low was around 59.89k.
Now we're over 20% up today. A jump to 71,868 would mark that 20% increase.
So, is this the start of a new bull run that finally crushes those annoying four-year cycle believers?
Or is it just another bull trap that lets them win again?
I'm voting yes, the bull is back, baby!
Just to clarify, the four-year cycle folks aren’t evil, that was just a joke.
We over $73k and climbing goodness we aren't going to spend so long time in the lows. It's quite impressive that bitcoin is actually back in the blues. I can say, the bitcoin we had years ago has improved alot..I expected the war crises to push it lower, but it didn't budge. I hope we see more highs soon.
This has been a top argument amongst analyst lately stating the traditional 4 year halving cycle might be breaking out or even transform due to institutional involvement. The likes of the ETF demands and corporate treasuries. But we can't be so sure besides this might be a fake breakout that traps short term investors into rush trade where the meet what they didn't bargain for.
Lets be patient enough to see if we get repeated higher highs, rising on-chain accumulations and Expanding liquidity but in the main time i will threat this as a regular market rhythm.
Surely, the hope is heightened and very far, considering the run and speed it took to where it is now. Sincerely, I was surprised to see it climb to $70k, and now, it's still doing well, still at $73,433 the last I checked.
Talking about if the bull is back?, can't really speak in assurance for now, but if you ask me, whatever it is, I really love it, and the feeling is entirely different.
Today, the market seems to be pumping very well. However, I do not think that such a sudden pumping of the market is anything positive so far. The reason is that the way different countries are getting involved in wars and the way Iran, Israel and America have started fighting each other is going to have a big impact on the world economy and I do not think that the crypto market will be in a good condition at this time. War is never good for any kind of financial system. However, it would not be surprising if the price of Bitcoin recovers from the low level it was normally at and starts a new bull run, unless something unexpected happens globally.
The market will ever remain volatile with uncertainty else, i would be cheering yes, yes, yes by now for the rebound I have been expecting is showing momentum with the current market performance of todays performance promising bullishness after emotions begin lost unlikely over the unusual recent bull market that spiked to the realization of $126K ATH before the market turned phase as the bullish durability had some very short moments.
I don't want to be overwhelmed by the short trends because it is unpredictable if it would last to the extent of breaking new ATHs. In fact, the the uncertainty potential volatile could be trap but I don't expect any of these attributes to spike panics.
Well it is all good seeing the price of Bitcoin coming up and this is to prove to those who think Bitcoin is going to zero. If this is the end of the bear market well it is a good one and very impressive, but if it is just a movement of increase but Bitcoin will still go dip, it is not bad, it will be an opportunity to buy more Bitcoin.
Whether we are are in the bear market or just entry the bull market, it is still a good one for those who understand bitcoin because even in the bear market and the bull market it is always a good opportunity to take advantage of bitcoin.
Why you so excited so early, it's not over yet, the market usually shows signs of improvement and comes back to low of $60k .
This not the first time this sort of things happening in a time like this, been experiencing sudden high and then low back again.
Not trying to weaken you, but anything can happen, c'mon.
Probably he just wanted to see some signs that the bulls could be just around the corner again as the price keeps pushing to $73k'ish. But as you have said, it could be another case of bull trap for us. There could be some entity trying to lure us to buy again and then suddenly there will be a massive decline.
I would say just continue to monitor the market again. As my opinion might be unpopular as I don't think that the bullish sentiments are back. Could be just an anomaly in the bearish trend, some sort of switch but in the end, we will be back to the lowest low.
I think it's a bull trap.
BTC just dipped toward $59.89k just yesterday, I don't think it would go back up immediately without the accumulation phase (that length boring sideways market trend). I Think we shall hover between $50K and $80K for a while.
Regarding the recent btc price movement, I'm not sure whether it will continue to rise or if it's just temporary. Any increase is normal, as we're tired of seeing btc prices fall, This could be a normal increase, as btc, which has been in a long downtrend, is now experiencing an uptrend. Those who bought BTC yesterday when the price was lower are certainly in luck..
I think this increase will only be temporary, and I believe it may be due to the Iran-Israel conflict and the US, which has encouraged many people to invest in BTC. BTC is a valuable asset, and unlike gold, carrying a lot of btc is certainly lighter than gold, as carrying a lot of gold can be heavy, especially during times of war. But I also expect the market to continue rising
But in my opinion regarding signs of a price increase it might not be a matter of someone's guess being correct but rather a coincidence that coincides with what someone said, causing many to immediately say that what someone predicted was correct. Therefore I'm a little less confident in the results of the prediction even though the price has started to show signs of rising again since last night. The market is on track to rise to $70,000 and above. This is happening because it is currently at $73,000 and briefly reached $74,000, indicating that the market cycle will begin to recover from its previous drastic decline. Many people say it's difficult to stay on the right track like before the decline. We need to ask is this just a temporary stay at that level?
It won't be a wise idea to conclude that we are finally on a bull run again. For me I think it is best to monitor the market for some time and see how high and low it will go before it takes a final ground. For now I would said we are not yet on a bull run but rather the market is just trying to make some corrections but if it continues for long then one can come to conclusions whether we are on a bull run or not.
The bull is not back yet because we are still in the bear season, though the market may be showing indication to pump higher and we may get close to $80,000 anytime from now, but that is if the resistance is weak and we have a strong support to achieve this, however, on the contrary, we can still experience a little bit more dip or within $70,000 as the market may be throughout the month, even though the month of March has been seen as a bullish one, but no indication proves we are already in a bull season.
It's dependent on how soon bitcoin will stay at the region before going pass it and likely getting to $80k during this bull, that's if it's going to happen that will tell if we're going to see a level of consistency with the direction of bitcoin and wether or not we will continue to see bitcoin getting really bullish for the long term.
Even in the midst of what's looking like a global crisis, we're expecting bitcoin to still strive through it and create massive upward momentum and if that happens, it will still give more credence to the fact that bitcoin is a serious edge against inflation.
It was so funny how many people was projecting that there is going to be more dip this month without a single feeling that it may likely not be as seems as a result of the war crisis, the increase we see now is another indication that the market remains to be unpredictable or controlled by any one, but well those who understand that anything can happen in the market irrespective of sentiments will not be surprised on seeing the market making this move at this time, I am not surprised because this not the first time Bitcoin is hitting against people projection and people should stop acting smart like they know what the market can actually become of at one point or the other.
I think I said in one of my post, on a speculation thread that it was too early to speculate on where match would take price to. It's always better to observe how the month opens before dropping any view of the market. For now price seems to have shown a lot of bullish strength and luckily, if it continues this way by the end of the month then there's a slight chance that we will be fully back into the bulls. I usually don't let one move define my bias for the market. I want to see consecutive levels broken to the direction I'm anticipating.. non the less no one is a master when it comes to price prediction.. but the market says it all..
It's yes or maybe.
But I voted for the yes. Who doesn't like to see the breaking of the 4 year cycle? we all want to see that we're back to the bull run, isn't it?
Too early to tell and we've got 3 more quarters to see on how it will be. And with the recent increase shows that most holders like to see more price increase than of correction.
Because if it's with correction, more people like to buy more cheaper but instead we like to see it soar more and be back on top.