Topic: Bitcoin bull run 'getting interesting' as BTC price hits 6-week high - page 5. (Read 828 times)
July 29, 2022, 05:58:59 AM
This would be fairly early for a stable price rise (bull run), even by standards of previous cycles that were occurring in more or less stable (stabler) economic times compared to now. This is a whole new ballpark we are playing in with the looming economic crisis all around the world and the war causing additional problems, I doubt people are flocking into any investments, let alone crypto, so any stable rises would be highly unlikely at this point.
July 29, 2022, 05:52:37 AM
Until bitcoin price breaks a semi-significant price level (or a resistance) such as $25k and remains above it, we can not call this a "bull run" just like when it goes back down to touch $20k but won't go below it we can't call it a "bear market".
It is just fluctuations during an accumulation phase creating a sideways market. This could take a while and it doesn't need any reason to happen either.
It is just fluctuations during an accumulation phase creating a sideways market. This could take a while and it doesn't need any reason to happen either.
July 29, 2022, 04:57:41 AM
It looks like an increase in the price of bitcoin or crypto prices is likely to occur in the next few days, but you still have to be aware that in general the crypto market is still sideways, not yet a significant bull run.
and I also read the latest news and announcements from the Fed which excited investors to enter the crypto market,
and so far there has been no negative sentiment that could hit the market. And what you have to watch out for is that later many traders or even whales will start accumulating profits or profit taking, thus making sales that make crypto prices fall a little.
and I also read the latest news and announcements from the Fed which excited investors to enter the crypto market,
and so far there has been no negative sentiment that could hit the market. And what you have to watch out for is that later many traders or even whales will start accumulating profits or profit taking, thus making sales that make crypto prices fall a little.
July 29, 2022, 04:38:23 AM
I like the price to recover but to call this recent rise a bull run is to have no idea what you are talking about or to want to mislead people.
July 29, 2022, 04:35:21 AM
Bitcoin (BTC) delivered a swift six-week high on July 29 as the aftermath of the latest macro developments boosted risk assets.
Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning June 13.
After consolidating around $23,000, bulls got a second wind to propel the market higher on the back of the United States Federal Reserve's latest rake hikes and GDP data confirming that the U.S. was in a recession.
Risk assets outperformed across the board, with Bitcoin and altcoins joining gold, giving traders and analysts cause for positivity on the outlook.
(Source: Cointelegraph)
Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning June 13.
After consolidating around $23,000, bulls got a second wind to propel the market higher on the back of the United States Federal Reserve's latest rake hikes and GDP data confirming that the U.S. was in a recession.
Risk assets outperformed across the board, with Bitcoin and altcoins joining gold, giving traders and analysts cause for positivity on the outlook.
(Source: Cointelegraph)
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