Topic: Bears take cover, the Bulls are back. (Read 123 times)

I think another whales buys the dip of the bitcoins price it is a perfect move for them cause they earned so much profit from the bull run last December, to be honest, it's too early to conclude it will go back to 10K pricing range it might be another bull trap to make investors buy the fomo though it is not proven yet what's the real reason why btc shoots its price in just a short period of time, bull is truly on the run if we're going to break the 10k barrier the price is still fluctuating back to 7K.

While I'm happy with the price jump, I think it's too early too early to say it's a big victory. I doubt we will see another rise soon, it will most likely be sideways for some time or even another drop back to sub $7K. We were also hit this level last week so I guess there is no need to be overjoyed by this.

Unless we break $10K by the end of the month, I'm still calling it a downtrend.

I hope you are correct OP, I held strong through this downswing and felt confident we would return to a bull run sometime this year. That being said though, I did have some reservations on when and I will believe it once we have one week and more of the markets like this. I remember Storm did a 200% one day month or so back and I got overly excited then we might be running. Will believe it when I see it essentially

These threads perfectly indicate how much of a niche this market still is. The only people who lost confidence or didn't feel comfortable with the decline in the last months are newbies and other get rich quick noobs. Those who have been around here long enough cashed out profits on time, enjoyed seeing the market fall down to much lower levels, and jumped back in now. That's how this market should be played.

There are a few points putting force behind optimism in the consolidation above the $6000 level, which is the bottom cycle at first, and the general support and manipulation going on. It was clear that whales wanted to keep the price around or below the $7000 level as long as possible. That being said, I am not at all impressed/convinced by this increase. It's too much and too spontaneous to be taken serously this early on.

Let a few days go by to have this peak sink in. If the market is ready to support these prices throughout these days, it might not be an empty peak at all. If the market falls back to where it started, which is very likely with the 1000BTC dump manipulation going on, we're not done yet below the $7000 level. The less you expect from the short term market, the lower your disappointment will be if the market goes down again. Don't forget that a week ago we reached $7500 and went back to $6500 again.

That is very positive news for the crypto community. 17 percentage increase in a huge jump in the market. But still we unable to find the real reason behind this. Sometimes it would be market manipulation by whales. They will expect some panic sell from weak hands. Another reason is that this is the beginning of Q2 of 2018. The world's largest cryptocurrency by market valuation seems to have found a bottom around the $6,500 mark, having dropped 50 percent in the first quarter - notably, the worst Q1 performance on record. Overall, its safe to say bulls have been struggling to find their feet as indicated by stagnant prices and a narrowing price range. Hence this would be the next beginning of Bull Run before the end of the year.

I believe that would be more favorable before taking an instant decision. We will find out the real reason behind the market jump by waiting 1-2 weeks later.Anyway, It's glad to see the increased price and hopes it will continue further.

Thank you for attention
Have a Nice Day!

at times like this bitcoin has always acted as a "Spring".
when you put a lot of pressure on a spring and compress it you are begging for it to jump out of your hand and as you pull off that pressure the spring does what it is supposed to do: releases all that energy and jumps up.

when they keep on dumping bitcoin to keep the price low and spread lots and lots of FUD to create fear in newbies to sell and stay away and not buy back, that is like that pressure. when it is released and the accumulation ends, the price shoots up.

I also think the bull market has come.
Since almost all altcoin and BTC are rising, this is a good sign that there could be a big increase.

Lets hope this is not just some prop up pump followed by a quick dump.

i dont know what news we have,but i so happy the price starting bullish again.just hope this positive trend can keep continue till back to 20k again.hold tight because i heard some good news will come.

The market has begun to move,i hope this is a good sign that will take bitcoin to reach new ATH again.Lately,people is so negative about the bitcoin price that bearish for a long time,this is will give some relieve to those who worry too much that their investment will drown in red.

It is too early that the bulls are on the move. The move was either done by the bulls or by the whales who are setting trap to temporarily increase the coins value to create a panic buying so they can sell their bitcoin in a much higher value. Instead, let us wait for a week or so if the value will never go back down  then probably it is now a bullish time. Though I also thought that it is a bullish time since the volume of btc on the exchanges have lessened and was put out of the trade, but I just want to make sure everything than to suffer again before doing any decisions.
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Totally agree that its too early to put any relavance to it. There have been a lot of bulltraps in this downtrending market for a while now. However im a bit more optemistic now that bitcoin is showing strenght

There is a worrying sense of overoptimism Imo. There are some huge price barriers we need to cross before I feel bullish. namely around the 7800-8100 mark where there are a great deal of bag holders

It is too early that the bulls are on the move. The move was either done by the bulls or by the whales who are setting trap to temporarily increase the coins value to create a panic buying so they can sell their bitcoin in a much higher value. Instead, let us wait for a week or so if the value will never go back down  then probably it is now a bullish time. Though I also thought that it is a bullish time since the volume of btc on the exchanges have lessened and was put out of the trade, but I just want to make sure everything than to suffer again before doing any decisions.

History repeats itself, each year Bitcoins has always bounced back in Q2 and it doesn't disappoint again the Bulls who were on a extended vacation have decided to come back and put the bears to sleep.

This is a big Victory for the entire community who stood united in the fall down, haters gonna hate but we're back Bch will be disappointed for it thought it could stake a bring down the crypto king.

Now let's go upwards and upwards, Bitcoin is only the true Bitcoin. Glory days are back for us hell yeah!

https://www.cnbc.com/2018/04/12/bitcoin-surges-10-percent-in-sudden-move-to-above-7500.html