Is there still going to be a bull run?

[robelneo]

I am as well putting out the same question out here for the  community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁

Even if the market is good there's still uncertainty, remember there was a time when people bought at an all-time high only to regret it later when there was a huge dip and it took them some time before they recovered their investment, the answer could be yes or no, the volatility is still there you could tell your friend that there will be a bull run this year but there will always volatility in the market that he should watch out.

Not because investors are making a profit this early of the year we can say that we will be ok throughout the year.

[Stompix]

Well, technically we're 0.5% away from exiting one and entering a bearish market.
73666 > 59300 is a --19.50 % drop, a 20% one from the ATH means the end of a bull market if we go by standard definitions.

Me and my big mouth!
Just one day later and with the drop to 56 it's technically the end of the bull run and entering bear territory.

Funny how the drop has broken all bullish patterns:
https://dailycoin.com/crypto-bull-run-over-btc-weekly-close-stirs-concern/

This pattern is characterized by a strong upward trend followed by a brief consolidation period before an upward breakout. Mister Crypto’s measured bull flag target is a lofty $117,000. However, technical analysis is not an exact science. The bull flag pattern will become invalidated if Bitcoin breaks down below the roughly $59,000 level in the coming days and weeks.

[Vx1]

Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders. 
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.

[Litzki1990]

Currently we are at the level of the market but we can expect that the market can go to a better position. The market was on a steady rise a few months ago and has continued its upward trend, but the start of the Bitcoin halving season has had some impact on the market. Currently the market is fluctuating between $62K to $68K and the market has not crossed $70K during this period. If the market crosses 70K dollars, it will definitely create a good support there and by creating a good support, the market will likely go higher later. Looking at the current state of the market, it seems that the market will soon be in a better state.

[Lucius]

Lol 😂, very well said bud, unfortunately, as long as the cryptocurrency market is open for everyone 24 hours a day and 7 days a week, we can never do away with people who will invest a hundred dollar today and expect to cash out a hundred thousand dollars tomorrow...
~snip~

Of course, the market is open to everyone who has money and access to the internet, and compared to 10 years ago, many more people have access to the internet than then. Such an influx of new and inexperienced users is just a continuation of what always happens - and that is that the big fish always eat the small ones.

Research shows that about 95% of those who invest (trade) with cryptocurrencies mostly make losses, and this is also the reason why the remaining 5% manage to get rich or at least make a decent profit. I don't know if the current drop has any specific cause, but I read that it is attributed to interest rate cuts and the decision of the Federal Reserve, which should be known today.

~snip~
We jumped 140% in conditions not so good, with high-interest rates, with no clear path, just because of ETFs which most people didn't even use, the block reward supply cut is already offset in $ value since the price is more than double so there is no reduction in the offer, I think we did pretty good, but it's not really the time of cheap money everywhere, my bets for another growth (sizeable one) are for august with monetary policies change, both in the US and EU.

I hope that this "cheap money" will once again become a reality, because we have been hearing for months that interest rates will go down, but it seems that things in the US are not going in a positive direction. However, I am not at all surprised that the price of BTC started to fall, because outflows from ETFs show that most of their investors were only looking for short-term profit.

I think the current mission of the "men in black" is called "how to lower the price of BTC as low as possible" for a new round of profits.

[bitbit97]

Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.

[milewilda]

Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.

Everything could really be possibly be that a reason to kick on the bull run market and its true that it might really that something looks like a joke but there would really be instances that these
kind of incidents or situations could really be able to be the actual reason on why the market would really be having that sudden u-turn. This kind of things or fundamentals could really be able to make out some effect and it wouldreally be that entirely be depending on the actual community plus market trend if there would really be some shift into this one or wont really be
that having no effect at all. No one really knows on what would happen as always.

[Captain Corporate]

I understand that its not looking like we are going to end up with a bit of a bad period and that's why people are worried, there is nothing wrong with that and I understand the situation. However, we need to make sure that we are dealing with something nice here, its not going to be all that simple if we are careless about it, so we need to make sure that price could still go up. If you react like its going to end up with a terrible result at all times, then you are not going to profit from it when the price goes up, you should try to do your very best no matter how much bad hand you are given in the end.

[Maxicreed]

"hi bud, is there still going to be a bull run this year?"

😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.

But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.

Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.

I am as well putting out the same question out here for the  community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁

I would say yes but when will it start is difficult to predict. I don't see the current price as a strong support. Proll 48k will be that strong support that would create demand for a potential rally. Just a personal opinion but let's see how it plays out

[bitmover]

, but it's not really the time of cheap money everywhere, my bets for another growth (sizeable one) are for august with monetary policies change, both in the US and EU.

I agree. Interest rates in US will basically control money inflows and outflows everywhere

Until their interest rates drop, we would see the big ATH we are all waiting for.

it is time to accumulate more.

[vegasus]

Even though the conditions are this bad now, I'm still pretty sure that if there is still a big fourth, it will be a bullrun. It's just that we need a much higher level of patience to welcome it. because even now Bitcoin breaks the resistance again. So the price really fell and fell well below $60k, even touching $56,555 as the lowest point of the day. It could be that this period is still not over and will come down again.

But market will be changing. It won't continue to decline, especially since the current bullish era, in my opinion, is still not ready yet, so just be patient,

I understand that its not looking like we are going to end up with a bit of a bad period and that's why people are worried, there is nothing wrong with that and I understand the situation. However, we need to make sure that we are dealing with something nice here, its not going to be all that simple if we are careless about it, so we need to make sure that price could still go up. If you react like its going to end up with a terrible result at all times, then you are not going to profit from it when the price goes up, you should try to do your very best no matter how much bad hand you are given in the end.

In fact, there is no guarantee that the price of Bitcoin and all markets will rise again. But what you say is true, we have to be sure of ourselves to believe again that Bitcoin and the market will survive and will really rise again. We have just faced the halving and this is only the first few weeks of the halving. So the effect isn't that big yet. even far compared to the approved Bitcoin ETF. Meanwhile, the halving is a much-anticipated moment, isn't it? So, I think it will be a further influence in the future.

[Gyrgen]

Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.

I don’t think that one person is capable of doing this. Despite the reputation and means that he has, the problem is that a boom happens when you do something new. Perhaps it will be possible to do something local that will improve his financial situation nothing more. But perhaps I I'm wrong.

[LogitechMouse]

~
😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.

It's good that your newbie friend has some free time to make some research, and he's learning without the help of other people I believe. If you have some free time, guide and teach him even at least the basics.

~
Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.

I am as well putting out the same question out here for the  community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁

Why do you care about his reaction towards your answer? What matters most is the fact that you really don't know what can happen in the future. Don't give him assurance as it might hurt even more because he's expecting for a bull run to happen, and yet it didn't happen. It will be very disappointing for him if he's preparing for the bull run, but it didn't happen.

Just focus on the reality. Sometimes, truth hurts so what you did is just good. Don't lie to him and just say "yes" even you really don't know what can happen in the future. As for your answer, like what you said, we don't know as well, but basing on the history of the price of Bitcoin, price of it usually go up significantly after the halving event so it can happen, but not 100% sure that it will happen.

Maybe just say to him "I don't know, but based on history, Bitcoin's price goes up significantly after the halving event." Say to him that don't expect too much as well.

[bitbit97]

Recently found such joke in the internet - bullrun will start in 4 months, when CZ gets out of the jail. I am not saying that current price drop is related to sentence he was given recently, but like it is said: «each joke has part of truth in it». Just my imagination - CZ gets out of the jail, he will be totally free men that has repaid his debt, he still has a lot of money and reputation. If he decides to create something crypto related, it will be boom on the market.

I don’t think that one person is capable of doing this. Despite the reputation and means that he has, the problem is that a boom happens when you do something new. Perhaps it will be possible to do something local that will improve his financial situation nothing more. But perhaps I I'm wrong.

Wont creating Binance 2.0 with new benefits, rules (so he wont get into jail again), followed by a exchange token, create a boom in the industry? What if decides to create a DEX with all features Binance (CEX) have. I am sure that if he does something this with IPO, only lazy crypto enthusiast will not invest in it. I am not a big expert, but I think that when such big crypto figure gets released from custody, he will come up with something new. At least I think he wont stay silent and unnoticed.

[R100K-Martin-Lunger]

If your skepticism is rooted in the current prices, then don't worry. Right now the entire market is undergoing the post-halving correction period. Remember, bitcoin achieved a new ATH before the halving this time, so the price had to dip and revert to the actual base number. Anyway, historically as well, the bull run comes a few months after the halving. Analysts and HODLers are also positive that the bull run will come. So, I am actually looking forward to the end of the year to see where we stand because I will remain bullish for now and benefit from the dip.