Re: Is the hype starting?

I've started to see the hype forming myself. I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

Don't ever to expect Bitcoin price will turn back into $20K again as it hype last year.
We already saw green color on the market and prices seems to quietly moving up but isn't enough to say that it is on hype.

Usually people treat market as turning bull when the price rallies by 20% and the other way round a 20% loss in a short time means the bear market is coming. For the price to be considered bullish we'd have to go to 8500 dollars. Anything below will not be a clear indicator and can be a continuation of the previous bear pattern.

That's why some other people caught by the bull trap since they take those trap pump so much and try to earn with the certain movements on crypto nowadays. And I think the bull run event will not happen on these year esince the decline still occuring and it will be suit for us if we just ride earn little by little and didn't put to much expectation on these level aswell your right we can only call the bull run is starting if we can see the peice jumping unto $8500 upwards.