Bear market low was around $59.89k, and we're now over 20% higher. 71.868k would be a leap. Is this the start of a proper bull run or just another bull trap for the skeptics? I'm voting yes, the bull is back baby! But just kidding about evil 4-year cycle folks.
Is A Bull Market Finally Here?
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king_matrixMember
Posts: 52 · Reputation: 163
#2Mar 17, 2022, 01:21 AM
We're past $73k and still rising. This rally is awesome. Looks like we won't linger in the lows much longer. Bitcoin's come a long way from previous years. Thought the ongoing wars would drag it down, but I was wrong. Hoping for even higher peaks soon.
Analysts are buzzing about the 4-year halving cycle potentially breaking due to more institutional involvement lately. With ETF demand and big companies getting into the game, who knows? But we’re still not certain. It might all just be a fake breakout to catch short-term investors off-guard. I’m gonna sit tight and see if the higher highs keep rolling in.
A few bullish hours and counting. Still a long journey ahead before we can say the bull's in charge. But things look promising at the moment.
b4s3dcobraNewbie
Posts: 2 · Reputation: 22
#5Mar 19, 2022, 03:31 AM
It's exciting to see how fast we climbed. $70k was a shocker, and now we're holding strong at $73,433 last I checked. Hard to say if the bull is back for sure, but man, I'm loving this vibe.
Market’s pumping today, but I’m skeptical. A sudden rise like this doesn’t scream good news to me. There’s too much chaos globally with wars affecting the economy, and I doubt crypto will stay stable during this time.
Market's always gonna be volatile. I’d be jumping for joy if the rebound I’ve been waiting for actually showed up. Today’s performance hints at bullishness. But considering past spikes, I’m not ready to get hyped about new ATHs just yet.
Seeing Bitcoin rise is nice, especially for those who thought it’d crash to zero. If the bear market is really over, that’s great. If not, a dip could be a chance to buy more. Whether we're bullish or bearish, it's a good time to understand BTC.
Why the hype so soon? It's too early to celebrate. Markets usually bounce back to the $60k range after spikes like this. This pattern isn’t new, so don’t get too excited.
Some folks are eager to see signs of bulls returning as we inch toward $73k. But it could be another bull trap, pulling in investors before a drop. Best to keep an eye on the market; I’m not confident bullish sentiment has fully returned yet.
Right now, I think it's just a bull trap. BTC dipped to $59.89k yesterday. We won't just jump back up without a steady accumulation phase. Expecting it to hover between $50k and $80k for a bit.
SilentMatrixNewbie
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#12Mar 22, 2022, 06:39 PM
With Bitcoin’s price movement, it’s hard to predict if it’ll keep rising or if it’s temporary. Increases are overdue after the long downtrend. Those who picked it up at lower prices are winning. But honestly, this rise might tie back to geopolitical tensions.
chris.novaMember
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#13Mar 23, 2022, 12:00 PM
Price increases aren’t always due to a smart guess it’s often just coincidence. The market moves unpredictably, and while there are signs of a rise, I won’t let one spike drive my views. I’d prefer to see consistent growth before calling it.
Jumping to conclusions about a bull run isn’t wise. Better to watch the market for a bit and see how it moves. Right now, I’d say we’re not in a bull run yet; just some adjustments happening.
Not convinced it's a bull run yet. Sure, we might hit $80k soon, if resistance holds up. But we could still dip back toward $70k, even if March looks bullish.
How quickly Bitcoin stays above this level will show if we can reach $80k in this bull run. Even amidst global chaos, if Bitcoin holds strong and gains traction, it’ll prove its worth against inflation.
People were betting on deeper dips this month, without realizing that the market’s always unpredictable. This rise proves that things can turn around. Those who understand this volatility aren’t shocked by these swings.
king_matrixMember
Posts: 52 · Reputation: 163
#18Mar 24, 2022, 12:07 AM
In one of my earlier posts, I said it’s too early to guess where March will take us. Watching the month unfold is better before making predictions. Right now, there’s some bullish movement. If it holds, we could see a return to bulls by month-end.
Yes or maybe? I’m leaning towards yes. Breaking the 4-year cycle would be awesome. We all want to see a bull run, don’t we? It’s too early to tell, but recent spikes show most holders are hoping for more gains than corrections.
You’re wrong for now. If we drop to 71k or lower, you’ll have a point. But for now, we’re holding strong.