Are we now on crypto bull run or this yet to be go down futher more down than 15500?
It is too early to decide if it is a bull run season but if btc rise above 35k$ maybe that was the start of the bull run season again, for now we still have yo wait a little more or we can still buy some more altcoin as a preparation of the possible bull run season just invest an amount that we can afford to loss.
as there's no concrete definition of bull or bear season, it now depends on how a person will look at this market.
Bull season is part of the market. As mentioned we can't be sure of the bull and bear market. When we see the market on the long term or consider the growth pattern for a longer time period, most of the time it looks to be bullish. This means we can see the gradual upward move amidst the fluctuation and price drops taking place inbetween.
Well if you look at bitcoin's history though, the bull run occur right after the halving. So right now we are still more than a year from the halving itself so we might say that we are not yet in the bull run season, although the price has been going up this year.
So for now, just stay relax, bull run will come, this market works in cycle, and we have been in this kind of situation before.
We just need to be patience and wait for the right time to see the bull run happen for us next year.
Totally agree. I think we have the prospect of a bull market but technically we look very bullish on the upside as it rallies 15k-28k in Q1 but in terms of sentiment and The risks of the current macroeconomic picture could prevent the market from absorbing enough of that optimism. So looking at bitcoin's history and bull cycle, currently - the market is building a solid structure or recovering before the start of the 2024 post-halving bull cycle.