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Topic: At last at last, bitcoin increase more than $41,000 - page 4. (Read 524 times)

legendary
Activity: 2156
Merit: 1622
Yea we finally look strong again.

China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening Wink

Not only China FUD. Yesterday we had very bearish news:

"We're continually evaluating our products and working with our partners to meet our users’ needs.

Today we’re announcing that we plan to wind down our derivatives products offerings across the European region, commencing with the Netherlands, Germany, and Italy.
With immediate effect, users in the Netherlands, Germany, and Italy cannot open new futures accounts on Binance."
https://cointelegraph.com/news/binance-to-shut-down-crypto-derivatives-trading-in-europe

Fallowed by 3.5% dump with decent volume and  break of short term support (39-41k consolidation) making it a stron bearish event and ... no cotinuation. Scared people sold to strong hands. Being bad news resistant - best bull run indicator. Last time I called it at 5k$ during a run from 3.5k to 14k.


I'm very bullish for bitcoin since finally it is bad news resistant. That's the first indicator of the end of bear market

We had CBOE delisting news without any dump (i know its not bad news but look at it from lambo investor perspective. All of them was waiting for bakkt and btc etf and ... bum bitcoin is being delisted from cboe) It was, in my opinion, fud producing news and should dump bitcoin).
We had "bitfinex print 850 MM" news and only 3% dump? Under resistance? We should see dump at least 10% without this news simply from TA (fighting with very strong resistance, resting from 60% pump) had we had 3% dump with this news.
We had binance 40MM hack and next day we have break 6k resistance.

We are growing constantly with bad news hitting the market one after another. Guess what will happened when good news will hit market.


 
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening Wink
full member
Activity: 854
Merit: 130
I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.
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