Many questions lately about whether the real bull run has started or if it's just a local rally. Let's figure out what's happening in the market and how not to get caught in the trap.

First, about the terms. A bull run is not just a price increase; it's an explosive surge of activity when the market suddenly starts rising rapidly. Unlike a regular bull market, which can last months or years, a bull run is characterized by intensity and short-term duration. It's more like a storm than a long-term trend. In crypto, these periods look especially vivid due to volatility — prices can jump by dozens of percent in days.

What signals indicate the start of a bull run? First — a sharp increase in trading volumes against rising prices. When demand grows, new players see this and also enter the market, creating a self-sustaining cycle. Second — an atmosphere of optimism in the community. Media start writing about crypto, analysts give bullish forecasts, and search queries for Bitcoin and altcoins go up. Third — serious money flows into the market. When large investors and institutions start accumulating, it often marks the beginning of a bull run. Fourth — regulatory shifts or technological events. Approval of crypto ETFs, network upgrades, positive legislative changes — all these can trigger a wave of growth. And fifth — interest in altcoins. Usually, a bull run begins with Bitcoin, then the wave spreads to the rest.

Now about what's happening right now. Since September, Bitcoin has shown steady growth on major timeframes. An upward trend on weekly and monthly charts is a serious signal. The current price is around 66.96K, and technicals see potential for movement higher. Institutional interest in 2024-2025 has grown again — this factor can support a long-term bull run.

The regulatory environment is also becoming more favorable. Major financial centers are starting to adopt crypto more openly, attracting serious capital. Plus, altseason is already in full swing — many altcoins are showing good results, which often accompanies a bull run.

Technical indicators also look bullish. RSI on high timeframes is at levels that in the past preceded significant rallies. Analysts note that the current configuration resembles the start of previous bull runs.

But here’s the catch — newcomers often confuse a local spike with the start of a real bull run. Speculative surges happen frequently, but they quickly end with corrections. Those buying at the peak of euphoria often lose money. Therefore, before entering, it’s important to check fundamental factors, not just technicals.

The market looks promising now, but don’t forget about risks. A bull run may continue, but it could also reverse. The nearest levels traders are watching are 83,000 and 90,000 for BTC. If these levels are tested and broken, it will be a good signal that the bull run is truly in full swing. But until then, it’s better to be cautious and avoid catching the top.