Bitcoin (BTC) has in fact already started the bull run, which could spark its run-up to $100,000, ii popular social media personalities have said.

Speaking in a Market place Discussion on January. 31, YouTube bloggers The Moon (Carl Runefelt) and DataDash (Nicholas Merten) told Cointelegraph that Bitcoin had been in a bull market place "for some time."

DataDash eyes $100K BTC balderdash target

The two class the latest voices from trading circles to go decisively bullish on BTC, cementing positive sentiment from Cointelegraph guests throughout January.

During that time, BTC/USD has gained over xxx%, making Bitcoin the second-best major investment opportunity available in 2022, just behind Tesla stock.

Acknowledging that timeframes played an important role when determining the characteristics of a Bitcoin bull or bear market, The Moon and DataDash nonetheless shared few doubts about the market place'due south overall trajectory.

"Until we get to $20,000, we're non going to see the parabolic run that we've seen in previous cycles, like when we went from $1,000 to $20,000 in 2022," Merten continued.

"That's really what I define as a key balderdash market for cryptocurrencies, simply we're trading higher… nosotros're going for higher highs and higher lows, those are all positive signs."

Merten added that the target for the next bull bicycle was between $eighty,000 and $100,000.

The Moon: $6K breakout sparked balderdash market

Every bit Cointelegraph reported, veteran trader Peter Brandt had captured the growing sense of relief among traders in his own Market Give-and-take two weeks ago.

Announcing the "weak hands are out" of Bitcoin, Brandt went on record to forecast no render to previous lows around $6,000. That position afterward gained support from swain trader, Tone Vays, besides every bit Ezee Trader partner, Charlie Burton, concluding week.

Vays has notwithstanding remained characteristically difficult to convince, arguing BTC/USD should remain above $9,000 for several days to persuade him — something which did indeed come true.

Bitcoin price 7-day chart

Bitcoin price 7-mean solar day chart. Source: Coin360

Summarizing, Runefelt told market place participants that $9,500 was now the major resistance focus.

"In my opinion, that would be the level to watch," he said.

"...On the monthly timeframe, we've been in a bull market e'er since Bitcoin bankrupt dorsum above $vi,000."

At printing time, BTC/USD traded at $9,370, having reached local highs of $9,450 over the by 24 hours.

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