Quote from: tygeade on Today at 08:42:40 AM

Quote from: KingsDen on October 02, 2023, 10:51:56 AM

Quote from: Sophokles on October 01, 2023, 09:26:47 PM

We should not call it a bull run. These are just some small rallies bitcoin made to create FOMO. Mostly done by exchange to liquidate future traders who open their position with high leverage.

I have always known bull run to be an upward movement of the bitcoin price to a reasonable price. You have just let me understand that it is only a bull run when there is an upward trend after an upward trend without corrections until a new ATH is attained. Tnks

That is true, bull run is not just upwards trend, and just because it is not going up right now doesn't mean that we are on a bear run. That one is the one I hate the most, we haven't been on a bear run for a LOOOOOOONG time now and people are still calling this a bear run. It is not, it is something normal and we are not doing anything that goes lower.

If you want to call something a bear market then it should be going down first and if it is going down that would be all that much better. I know that we can't really change anything in peoples perception of the market but not knowing the right terms is something we can help with. It is quite possible to make it easy to predict, there is nothing wrong with that, markets are usually easy to predict for those who are willing to wait years to make a profit.

So how do you see a bear market? We are moving sideways within a range sometimes. We can't call it a bull market just yet because there hasn't been a major rally. In the crypto neutral market is also considered to be a bearish sentiment. The market is in an accumulation zone right now and this could be the last phase of the bear market we are going to see.

Predictions should be based on facts and historical data. Baseless prediction means it doesn't have any value. It's true that the market is easy to predict in the long run as if you open the monthly timeframe you will see a bullish trend in the bitcoin market.