2nd Part of the big bullrun is starting now - page 2.

btc_angela

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

Big resistance along the $60k line, if we did break it this week, then we might see a good run to $65k-$71k first before getting to $89k.

I would say though that the heavy resistance is perhaps due to some weak hands selling off, was watching the trade in Binance, it went as high as $58,100 and thought that it will go and continue, but suddenly huge waves of sell order, thinking this could be bots as well. So let's see, another day at the office this Tuesday.

arufox

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

It's true or not no one knows, but it doesn't really matter to me, because my target is not just 89K, so I will keep holding my coin until my target reached. I believe that next month (April) the increase will be more than March, so I think we should buy now before it's too late

Sled

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

I just thought first to reach at $70k and stay there for a while as it stabilizes at the range of $50k-$60k for many days. We are close back to $60k again but I saw that the recovery is getting slow compared to the past corrections. But of course, can't just simply decline the chance and the possibility that we are going to reach that price ($89k) before the year-end or even $100k that most are speculating it to come.

stadus

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I guess its too early to tell, bitcoin has not broke the $60k yet again, and it's been failing for many times already. Maybe if it will passed that price and will create a new ATH then it might continue to move, however, I the way I see it, it looks like price are just volatile at the range between $59k to $53k.. so bitcoin really need to break the huge resistance so it will start breaking bigger walls again.

At this point, I'm seeing the same scenario that the price will fall again as it fail.

Stedsm

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Quote from: kentrolla on March 29, 2021, 03:29:37 PM

Yes, it's strange situation or mindset of newbies wherein they rush to buy on every pump in FOMO and the same freebies starts panic selling on the first dump itself. I think Bitcoin will sure go on a rally once it crosses $60k resistance mark but there might be one more correction phase or dumo before it eventually crosses $60k.

The resistance turned support at $57k is still holding tight and it's a very important level to watch out for. I still think that this (kinda) bearish divergence + falling wedge type of pattern on 1H will make it break below this level and then again a freefall, but this time straight under $46k. Once it reaches there, I believe it will be there for a while for the accumulation to be done and then it'll boom higher.

romero121

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The growth seems like a true bull trend after gaining good resistance around the $55000 range. Once again reaching $60k can be experienced soon, and this time gradual rise could take the price reach atleast $75k. In recent days the price predictions were big, and I expect the price to rally upto $100k if there is no massive crash happening after $75k.

DoublerHunter

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

^ How did you know this?
BTC price will probably not far beyond the $50-59K range price in the market or it will probably have a stable price during this month. As I saw, there is a lot of predictions here without giving prior support to prove that their predictions are right. For me, I think $89k for the BTC price this year is quite possible and I also believed in that but we can put an exact time when it will happen. Nevertheless, there is nothing wrong if you keep holding on to it.

kentrolla

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Quote from: BrewMaster on March 29, 2021, 10:06:08 AM

it definitely looks like it although i am still seeing a lot of panic sells on the exchanges from newbies that has slowed down the breaking of $60k again.
i suppose if the $60k resistance is broken then the same panic sellers turn into panic buyers and we'll see yet another classic bitcoin FOMO and can easily see $70k+ by the end of the week.

Yes, it's strange situation or mindset of newbies wherein they rush to buy on every pump in FOMO and the same freebies starts panic selling on the first dump itself. I think Bitcoin will sure go on a rally once it crosses $60k resistance mark but there might be one more correction phase or dumo before it eventually crosses $60k.

ene1980

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Quote from: Beparanf on March 29, 2021, 11:07:26 AM

Because there's Big player are already playing it. They will not let the market crash since they have already a good position for future growth. They simply maintain the price growth and accumulate everytime the price correct. There will be no more massive sell-off unless a global financial crisis occur again.

This is our expecting that since there are big players in the market and since they are investing heavily we might not see a crash anytime soon but we are aware of the options market as well, who knows if the market turns from this situation they will hedge against it and make the profit they are looking for, it is hard to understand what these heavy investors are planning.

Stedsm

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I still believe BTC will revert back down to its major support areas as it is still near its very important resistance levels which, if holds or breaks it down, will again give BTC a leg down. Not pessimistic about it but I believe that's where the real fun is hidden (in seeing the markets settle zig and zag while throwing out really weak hands out of it).

Swordsoffreedom

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A trend reversal Bull is ongoing, Daily candle gives full support for further upward movement. I've seen strong support at 50K area and the price successfully bounced from the support zone and gave a trend reversal signal. Now I'm opening my long-term position at $51500, Initial target is 60K. I set my long-term trading position on the basis of Bullish divergence, Hope we are going to break the previous ATH within this week.

The Sceptical Chymist

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

target 89k

Did you pull that price out of your ass or is there some rationale behind it?

I wouldn't call this the "second part" of the bull run/bull market. It's the same market, just springing back from a slight dip--and there's no telling whether bitcoin is going higher or not. I happen to think the bull market is nowhere near over and that bitcoin will indeed be higher at the end of 2021 than it is now, but who knows.

Remember the beginning of 2020 and how everyone thought bitcoin was going to explode at the halvening and people were asking "whenz altcoin season start?!"? Well, then COVID-19 happened and threw everything off its trajectory. So when you're thinking about how to invest in bitcoin or other cryptos, just remember that those are some of the most unpredictable markets known to man.

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

It's already started when bitcoin took the second highest correction to $43k-$45k in this year and now, we're just on the way to hit that milestone with some small corrections. Just looking forward to see the breaking of $60k price zone as it might target for $70k zone later on. After that, again little correction to aim for the target of $89k in the upcoming weeks/months, IMHO.

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People are panicking sell off their bitcoin at $58400 and an immense resistance also waits at $60000. It is hard for this rally to become the 2nd part of the big bull run. Time is needed in order to weaken the bear. However, the longer it takes, the weakened the bull will become.

But I still believe in bitcoin. Already bought a bunch while it was around $51000. Holding and waiting is the best thing to do right now.

Edit:
Things are getting tougher since bitcoin faces the big bull at 58000. The price is in the hyper volatility which we do not know which direction it will follow next

dimonstration

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There might be a continuous record in setting ath since many already into crypto as well shifting in crypto in terms of trading and investing. Now that there are companies that are investing in btc we will see more bullrin coming even there are some drops it can recover afterwards since adoption of crypto is already getting popular not just to whales but with institutional companies too.

Beparanf

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Quote from: Innerpumper on March 29, 2021, 10:40:07 AM

bitcoin is very difficult to properly bear, every time trying to be a bearish market is always a lot of media support and some big investors still want to make bitcoin more than $70k will bitcoin $100/btc this year?

Because there's Big player are already playing it. They will not let the market crash since they have already a good position for future growth. They simply maintain the price growth and accumulate everytime the price correct. There will be no more massive sell-off unless a global financial crisis occur again.

Reosta_

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

There are some speculations like we could see the Bitcoin price at 80k in April. I don't know whether it could come true. The price has already started increasing and it went up to 58k from 55k today. It looks like there is a new rally now. I wonder where it will stop but I think we could see a new ATH soon.

Becky666

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

Permit me to share this: Cryptocurrency will ‘subsume the entire gold market cap,’ Michael Saylor says - if the giant tech could have said they bought bitcoin at an average of $52k+ then let be rest assured that we're not going back to dooms days we hard in the past. Basically, there will still be dips as we journey along with this technology but not as we hard in the past. Envisaging another or second stage of the bull-run shouldn't be doubted either becasue the targets for Coinmarketcap that could make bitcoin less volatile won't take long to be achieve which is around the $10Tr CMC, so, we move toward the second phase i presume.

sheenshane

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Quote from: nikolastech on March 29, 2021, 10:03:31 AM

Looking like we starting stage 2 of the big bullrun, target 89k

This thread should be moved on the Speculation board.

There's should be a resistance after a short fullback and here's now the most anticipated price position, it might the start of the bull run season that may have another new ATH. But yet, it's too early to celebrate since we know that the market price is unpredictable, it's better to hold more and be patient upon cutting your profit.

I liked your Bitcoin price target, it seems we're heading on that price and it should be at $100k until the end of this year. Giving prediction is very simple but it is more appreciated if you will also give your technical analysis to show how actually Bitcoin price becomes a target of $89k to this stage 2 of bull run that you've said.

Innerpumper

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bitcoin is very difficult to properly bear, every time trying to be a bearish market is always a lot of media support and some big investors still want to make bitcoin more than $70k will bitcoin $100/btc this year?

Topic: 2nd Part of the big bullrun is starting now - page 2. (Read 370 times)