Bitcoin Analysis 1st August 2018 | Going Bullish Or Bearish? - page 4.

tegarp90

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Quote from: medaheads on August 01, 2018, 07:26:03 AM

Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?

Not this month i think.
i'm sure it will go beyond 20k but it's around the end of the year or early january.
This is my own prediction tho

gabmen

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Quote from: MaxApple147 on August 04, 2018, 05:52:57 AM

I agree with you. This definitely looks like a correction to me which happened when Btc broke the recent $6k and $7k resistance too. The next BTC hearing being lined up on 10th of August, it might even go up again and start the next trend by breaking further resistance. That's just my opinion though.

Well that would be something to look forward to since an approval of a bitcoin etf may very well slingshot us a couple of thousand dollars up. The dump is probably preparing us for that

MaxApple147

newbie

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I agree with you. This definitely looks like a correction to me which happened when Btc broke the recent $6k and $7k resistance too. The next BTC hearing being lined up on 10th of August, it might even go up again and start the next trend by breaking further resistance. That's just my opinion though.

Red-Apple

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so far we have had a couple of very strong bullish news in the media like the New York Stock Exchange opening up a bitcoin exchange and Microsoft and Starbucks adopting bitcoin. but we still haven't had that bullish signal which is going to be noticeable on the charts and in the price. but also there is not a shred of bears in the market anymore they are all killed and their skins are being used by the bulls now Cheesy

maxilopez

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I expect growth only from September and definitely not earlier, there is no reason to grow earlier. to regret

Raphagalthena2

newbie

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Bitcoin has been maintaining its spot to stay in the headlines, almost every other day. It’s plummeting feature made the crypto traders stay in the corner of their seat. I think bitcoin will bullish.

talkbitcoin

legendary

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All I know is that I know nothing.

the trend that we have these days may not be exactly a bull market trend but it definitely is not a bear market anymore. it stopped being that a couple of months ago that price hit the bottom and started its reversal.
and you can not call this a bearish trend unless price drops below that bottom (go to $5k) and stays there which is not possible anymore.

aoluain

legendary

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At the moment its sleepy bear time, he is not yet coming out of hibernation.
The markets are moving slowly but its an upwards move.

Those short term investors who are not looking to medium and long terms are alwats going to
affect the market. There are a lot of people looking to make gains as the markets move.

With that in mind the OP'S $20k is a long way off.

supremacy10

newbie

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Anyway it goes, I'm having btc and fiat to ride the wave now

Shimmiry

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Quote from: medaheads on August 01, 2018, 07:26:03 AM

Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?

The reason may be is that the newbies easily believe to what others are saying. Many of the cowards (those people who sells there bitcoin, during bitcoin's market down) are pulling the bitcoin downward. But as per the real virtual world there are kore companies who started investing in bitcoin and this may be the reason of bitcoin's boost. But we can not really predict what will be going on next. We must believe to the power of bitcoin.

BitcoinHodler

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HODLing is an art, not just a word...

neither bullish nor bearish. we are sluggish Cheesy

Quote from: Kprawn on August 01, 2018, 09:10:00 AM

that they are quickly going to make some money, if the ETF was approved by the SEC and when that did not happen, they pulled their investment, before the correction got momentum. I say good riddance, because we do not need a bunch of short term speculators in this market. Angry

the short term speculators aren't going to go away just because of a drop. they pull out to put it back in a little later when the price reached the bottom. that is why they are called short term speculators!
if someone pulls out and goes away then they weren't investors, nor speculators short or otherwise. they instead were gamblers.

nussy

newbie

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The decrease in bitcoin price was highly due to bad nqews and FUD going on in recent time. The $20,000 might not come any moment soon, a least not this year again. But am certain the market will correct itself, the capitalization is booming already and that's a good indicator.

Pursuer

legendary

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Where is my ring of blades...

Quote from: medaheads on August 01, 2018, 07:26:03 AM

So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

these two statements are contradicting each other!
if it is a dump then it is not a healthy thing. and if it is a healthy correction then it can not be a dump.

and I disagree with calling this "necessary" because a correction "drop" is only necessary when there was an actual big rise not any kind of rise. and this rise was a correction of sorts after the huge drop to $6k. we were recovering from that bottom not having a rally!

Quote

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative.

I also disagree with using the term "highly" here because things aren't as bad as you think although the manipulation exists in bitcoin market.

angelicasamanta

newbie

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Bitcoin price statistics have been hitting lowers lows and higher highs for the past few days, which is somewhat indicating the downward climb of the prices any sooner. I think even though the prices might get lower for the time being, it might rise to a new hivh by the end of this year.

pimkobai

jr. member

Activity: 196

Merit: 1

In my observation, I think bitcoin may be going for a bullish market within the coming months but not on the month of August 2018. People should better hold their btc further while waiting for the recovery and if have you have some additional capital, it would be better that you buy more btc and wait until Q4 of this year since I believe that what happened last year would anyhow be repeated again this year.

max1616

member

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As you said, there was a 2-week upward trend..However, there were sudden drops in 2 days..Maybe it was something that was necessary..I expect the next increase to be bigger..My guess is that in November, we can see $ 20,000.

Nilda

member

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Merit: 14

Bullish. Still optimistic that bitcoin will hit 5-digits this month. This despite August being called The Ghost Month in some cultures. Grin

suemendez25

newbie

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Probably because of the ETF news. I think we will see a decrease for the next few weeks but will probably go up again and continuously for that matter until the end of the year.

Kprawn

legendary

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You guys know that this correction is normal for what has happened with the SEC and all... right? Some speculators thought

that they are quickly going to make some money, if the ETF was approved by the SEC and when that did not happen, they

pulled their investment, before the correction got momentum. I say good riddance, because we do not need a bunch of short

term speculators in this market. Angry

bloodyvio

full member

Activity: 546

Merit: 102

bear first and then bullish
same as the previous year
bear comes first during Q1 ~ Q3 then bullish comes in Q4
if not believe try to look at the charts in coinmarketcap
every Q4 of the crypto volume always has a significant increase if you are compared with Q1 ~ Q3

Topic: Bitcoin Analysis 1st August 2018 | Going Bullish Or Bearish? - page 4. (Read 429 times)