beginning of the Bull Market?

[bitterguy28]

As we all see that bitcoin have had the lowest price since this year  recently ,
dropping from above 70k down to almost below 50k

https://coinmarketcap.com/currencies/bitcoin/



so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .

Thanks and will appreciate your answers.

[armanda90]

Dropping under $53k last several days ago its become most lower price for bitcoin since success break the ATH? actually not optimist with bitcoin potential as the beginning of bullrun behind many bad news around us from Germany and United State government want to sell their bitcoin assets until not clearly news with Mt.Gox exchange will make refund in this month or not.

But looking the last most lower price of bitcoin under $53k and today good recovery until reach almost $59k seems have moment for bitcoin at the bull run trend but waiting next few days later any bad news again or have several good news to make bitcoin raise up to higher price again.

[Lucius]

You are showing the wrong chart if you are going to talk about the lowest price this year - look at what the price was at the beginning of the year and you will see that what happened these days is not the lowest price.

Unfortunately, I don't know why you are so burdened with questions that no one can answer - because what is a bull market for you anyway? Is it 20% up overnight, or maybe 40%? Is it 100% up for a month or something similar?

At the beginning of 2023, the price was only around $20 000, today it is x3 compared to that - what more can we ask for in such a short period of time (although 1.5 years is obviously a very long time for some).

[Roseline492]

As we all see that bitcoin have had the lowest price since this year  recently ,
dropping from above 70k down to almost below 50k

https://coinmarketcap.com/currencies/bitcoin/



so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .

Thanks and will appreciate your answers.

I think the sign we all have been waiting for has actually come because I believe it has gone lower enough to start preparing for the uptrend movement, though I may not be  actually certain on the exact price before the uptrend but considering the fact that Bitcoin price started all the way from $70k+ down to almost $50k now should be enough dip and besides from the direction of the charts it has already shown that the price could possibly be ranging for uptrend movement.

So perhaps this is actually the moment for those that are hoping to buy Bitcoin when it drops to $45k because reversal could be the case, however the good part of investing now is that even if the Bitcoin eventually drop below $50k they would still make a lot of profits when it moves back to $70k and above, so actually is better investing now than waiting for a particular level that may not actually come.

[Sim_card]

As we all see that bitcoin have had the lowest price since this year  recently ,
dropping from above 70k down to almost below 50k

https://coinmarketcap.com/currencies/bitcoin/



so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .

Thanks and will appreciate your answers.

Nobody can tell if this is it because we cannot predict the market accurately but on speculations. I believe when the bull run starts fully we will see it because we are in the market and by then no one will tell you that it is the bull run. I saw the price of bitcoin touched 59k today but it has corrected back to 57k as I am writing this post. One need to relax and continue stacking more bitcoin while you hope for the price to pump soon.

[jeraldskie11]

All I can say is that what happened to the market right is just a retracement, it could be big dump to the price we are still in the bullish market. I'm also not surprise with this happenings, and I really expected for this to happen as what I learned from its history. It's really best to buy or reinvest some of your funds so that you won't regret if the price will continue to grow.

[KingsDen]

As we all see that bitcoin have had the lowest price since this year  recently ,
dropping from above 70k down to almost below 50k

https://coinmarketcap.com/currencies/bitcoin/



so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .

Thanks and will appreciate your answers.

TBH, I don't actually know where we are heading to from here. It could be an increase from this point upwards and it could also be more deep. It is unfortunate that we don't have a technical soothe sayer that will direct us where to go. This industry is not an easy one. If the price eventually continuous to go down from here it will be so disastrous. Remaining in this state for very long time before making an awkward movement will be a very good thing for the market. This is the time to guard yourself against unnecessary losses by using the dollar cost average method of investment. But on the long run, we all gonna be happy.

[Captain Corporate]

Almost under 50k? We haven't even touched those levels, hell we haven't been under 50k since February, why would you think that we are almost under 50k when we are not there? We dropped to 56k or so, and that isn't that bad. I mean we should definitely consider how to do better job without a doubt. I feel like we are going to see a start of bull run in a few months, we will go above 60k in July if you ask me, and in august we may see 70k and more again, after that sky is the limit. I honestly think that 100k+ is not impossible for this bull run, and I am waiting for that to happen in early 2025.

[TomPluz]

TBH, I don't actually know where we are heading to from here. It could be an increase from this point upwards and it could also be more deep. It is unfortunate that we don't have a technical soothsayer that will direct us where to go. This industry is not an easy one. If the price eventually continuous to go down from here it will be so disastrous. Remaining in this state for very long time before making an awkward movement will be a very good thing for the market. This is the time to guard yourself against unnecessary losses by using the dollar cost average method of investment. But on the long run, we all gonna be happy.

The cryptocurrency lead by Bitcoin is really known to be very volatile and that means it can suddenly go up or go down anytime. People who don't understand this fact well may not take it lightly but old-timers in this industry are all aware of this and they are just smiling right now as they know that continually holding is the key...Bitcoin will eventually recover and we would all be jubilant one day if not withing this year then at least in 2025. But then again, just like what you are saying, it would be so hard to really decipher for sure where the market is going and there is nobody that can predict things 100% right. The key here is long term....in the long run we are gonna be happy and that is for sure!

[Pastaral]

Bitcoin market is currently dumping.  If we look at the history of the Bitcoin market, it has slowly progressed.  When the Bitcoin market fluctuates, it affects investors.  Yet there are many who dare to invest and hold it for a long time.  But I think by 2025 we will see the start of the bull run.  And their patience will be successful.

[Husires]

You say half the truth, the price fell from 70 thousand, but it was less than 30 thousand, so it is a short-term correction, while the price in the long term is high.
The price of $50,000 to $70,000 will be the new long-term bottom, and this will replace the price of $17,000 to $25,000, which has been in place for a long time.

[EluguHcman]

As much as I know the current highest experienced Bitcoin price is $73K + and if I can remember the least dropped since then was $52K +. Although I can not give a specific figure at the moment unless would have to undergo research in the market cap history.

That was not at all a bull-run rather the market felt a little greenish then which other coins also where following the Bitcoin trend.

[jeraldskie11]

As much as I know the current highest experienced Bitcoin price is $73K + and if I can remember the least dropped since then was $52K +. Although I can not give a specific figure at the moment unless would have to undergo research in the market cap history.

That was not at all a bull-run rather the market felt a little greenish then which other coins also where following the Bitcoin trend.

I don't think how marketcap can give us information to predict the price and I never tried that before. I only use marketcap to determine how volatile the coins is. Reading the chart is far better to analyze the price movement since you can get all the data from the days, months, or years which can really help anticipate many things about the coins or tokens.

We are still in the bull market but the bull run we expected is not happening yet.

[Captain Corporate]

Daily it picked over 59k, and yes I know that did not stick for a long time, but it shows that the market is ready to recover whenever we can, there are still buyers out there who is willing to purchase. This is a good sign and I think while we are still some time to go, it should not be something that will take that long to handle. We should consider how we could potentially make it work, and this should not be a tough deal. I know that it is not going to be simple, but we could probably make it work one way or another, while keeping the job clear. Keep on trusting bitcoin and the recovery will eventually happen and we will have a great bull run.

[Rubel007]

A common image in the crypto market is that the price in this market will never be fixed. The market has been pumping a bit since we saw it hit the new all time high and then corrected. But there was no further upside to that price. At one point, the price of Bitcoin started to fall, which was already expected, but it fell even faster when the news of the German government's Bitcoin sale occurred. Of course, every dip can bring back a big move in Bitcoin's price. Moreover, we know that a big dip before a bull run helps make the Bitcoin price even more bullish.