Bitcoin bull run 'getting interesting' as BTC price hits 6-week high

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: peter0425 on October 05, 2022, 01:15:45 AM

if we can only tell and let others to follow us to Hold and never sell everything in the time being till it recovers but we knew this will never happen because we all have our own way to invest and use strategy.

It is clear that we are going to have some trouble in the long run, it is not an easy thing and it will take time for it to reach there as well. We shouldn't really worry about others selling as long as we are buying, it means that they are going to be the ones who lose money and we are going to be the ones who make money and that's fine.

I feel like the best thing to do would be let them sell, so the price drops, and buy it when the price is low, and then we could make a profit from it when the bull run comes. There is no shred of doubt in my mind that we are going to break over ATH again, which means buying at these low levels are great profit for all of us.

BuNga_cute

full member

Activity: 1736

Merit: 116

Quote from: jostorres on October 06, 2022, 01:31:43 PM

Quote from: peter0425 on October 05, 2022, 01:15:45 AM

Quote from: Yamifoud on August 15, 2022, 09:12:57 AM

I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

if we can only tell and let others to follow us to Hold and never sell everything in the time being till it recovers but we knew this will never happen because we all have our own way to invest and use strategy.

If only that's possible then the recovery rate of btc is going to be much faster, especially if it teamed up with buying but I think it can only happen in our dreams since like you said not all of us are not the same. We don't know if those who sell are badly needing a cash for something that is more important than hodling a crypto so it's better if we won't be selfish and don't think negatively about them.

Btc value can still recover anyway even if not now or if let say the recover rate is only slow. The best part of it is that it teaches us people on how to stay patient but now that we are in the last quarter things are 'getting interesting' here in btc.

We do have to learn to be more patient when investing in Bitcoin, sometimes recovery doesn't always go fast. Moreover, I agree with what you say,
that everyone has different thoughts and plans. So it's impossible to expect all investors to hold their Bitcoins and not sell Bitcoin at low prices.
Instead of spending our time thinking about something negative, it's better for us to stay focused on collecting as many Bitcoins as possible.
Especially if we study the history of Bitcoin movement, where Bitcoin can always recover, and that should be enough for us to believe that Bitcoin
will definitely recover. As you said, it will be more interesting to see Bitcoin's performance as we are now nearing the end of the year.
Hopefully something good will happen in the last quarter.

STT

legendary

Activity: 4088

Merit: 1452

Less positive today as we fall below the 2 day average, its still above weekly and monthly averages and probably the biggest widest measure is we contend with the 50 day average back and forth. I couldn't say its really for sure which way we go but theres a good chance for BTC to continue positively here, struggle though it might be its an honest fight. Overall I find BTC resilience beyond expectations of some and this much will surprise them in the end.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: peter0425 on October 05, 2022, 01:15:45 AM

Quote from: Yamifoud on August 15, 2022, 09:12:57 AM

I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

if we can only tell and let others to follow us to Hold and never sell everything in the time being till it recovers but we knew this will never happen because we all have our own way to invest and use strategy.

If only that's possible then the recovery rate of btc is going to be much faster, especially if it teamed up with buying but I think it can only happen in our dreams since like you said not all of us are not the same. We don't know if those who sell are badly needing a cash for something that is more important than hodling a crypto so it's better if we won't be selfish and don't think negatively about them.

Btc value can still recover anyway even if not now or if let say the recover rate is only slow. The best part of it is that it teaches us people on how to stay patient but now that we are in the last quarter things are 'getting interesting' here in btc.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: buwaytress on October 05, 2022, 10:26:40 AM

Quote from: peter0425 on October 05, 2022, 01:15:45 AM

Quote from: Yamifoud on August 15, 2022, 09:12:57 AM

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

+1 in here , I am safer than anything because I am holder and will keep holding for the rest of Halving .

Playing it safe is always going to be subjective, but as long as you already understand the risk from the get go (investing money you know you can always more or less buy something with today for something you hope will do much better many years from now).

DCA is the safest and least stress free method, if you don't put everything in it, and only use spare change. Doesn't make it a guaranteed bet though.

Best of both worlds is to DCA and keep spending enough BTC to enjoy what you reap. Every little bit of utility goes a long way to strengthening fundamentals next halving.

Yes, DCA is one of the coolest method, I mean it's not that complicated, and as long as you have the money to buy weekly then it wil be worth, as long as you are into for the long haul.

And it we look at the next bull run or the catalyst, the halving, we are still very far, and with that the opportunity is still with us to accumulate thru DCA or whatever method that suits you without getting stress.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: peter0425 on October 05, 2022, 01:15:45 AM

Quote from: Yamifoud on August 15, 2022, 09:12:57 AM

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

+1 in here , I am safer than anything because I am holder and will keep holding for the rest of Halving .

Playing it safe is always going to be subjective, but as long as you already understand the risk from the get go (investing money you know you can always more or less buy something with today for something you hope will do much better many years from now).

DCA is the safest and least stress free method, if you don't put everything in it, and only use spare change. Doesn't make it a guaranteed bet though.

Best of both worlds is to DCA and keep spending enough BTC to enjoy what you reap. Every little bit of utility goes a long way to strengthening fundamentals next halving.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Yamifoud on August 15, 2022, 09:12:57 AM

Quote from: ethereumhunter on August 13, 2022, 09:35:39 AM

Instead of having the risk of losing big money, it is better to do nothing at this time, especially if we do not have sufficient ability to analyze market movements. Maybe you could try using a small fortune to see how far the market is moving so you can devise a plan for what to do. But if that small amount of money still doesn't convince you, it's better to get out of the market to minimize the risk of losing. With bitcoin's current state, where the price could return to $24k, that's a sign that bitcoin could move up, but it's not a guarantee that it can actually go up again. So stay cautious and don't act if you don't have a solid analysis.

Well, I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

if we can only tell and let others to follow us to Hold and never sell everything in the time being till it recovers but we knew this will never happen because we all have our own way to invest and use strategy.

Quote

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

+1 in here , I am safer than anything because I am holder and will keep holding for the rest of Halving .

yudi09

hero member

Activity: 1316

Merit: 787

Rollbit - The #1 Solana Casino

Quote from: OgNasty on October 04, 2022, 10:49:21 PM

If you think the “bull run” is getting interesting now, just wait until 2025. Right now there are all sorts of selling pressures on the market pinning it down. By 2025 the mtgox issues will be behind us, adoption and acceptance will be much higher, there will be a spot etf, and the supply of new BTC will be cut in 1/2. That’s when it will be exciting as hell. Interesting is meh.

In that year I thought Bitcoin could reach a price that exceeds the current ATH price. The prospect of Bitcoin for the long term is still an idol. But if those who see Bitcoin in this year, surely they will not believe in the achievements that will be obtained in the next 5 or 10 years.
I keep wondering why some companies sell their shares to buy Bitcoin in bulk and I think it's because they know Bitcoin's future opportunities.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

If you think the “bull run” is getting interesting now, just wait until 2025. Right now there are all sorts of selling pressures on the market pinning it down. By 2025 the mtgox issues will be behind us, adoption and acceptance will be much higher, there will be a spot etf, and the supply of new BTC will be cut in 1/2. That’s when it will be exciting as hell. Interesting is meh.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

Quote from: Hypnosis00 on August 05, 2022, 05:35:56 PM

Quote from: arufox on August 05, 2022, 01:56:57 PM

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

Not yet. And even if it reaches $30k, that is still not considered the bull season, we are still far from reaching it again unless it was a sustainable uptrend. But yes, I don't believe this will come this year 2022, I was seeing this year is the bear season and the current situation could possibly be the same until December. Hypes and any sort of market manipulation which creates some price increase can't stay long, it drops again.

I'm not a negative thinker but sometimes we have to be realistic and this is what we experience today, the same scenario that we have experience the bear season, in fact, that is even worse compared this year.

I agree with you that the bull run season is unlikely to happen this year even though there is an upward trend in prices but the increase is not significant and even tends to stagnate. Therefore, I think the bull run season is likely to come in 2025 because it will be a bitcoin halving year if it follows a 4-year cycle pattern.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: buwaytress on September 11, 2022, 02:45:21 AM

Quote from: STT on September 09, 2022, 06:48:46 PM

Once again we've risen back to a local high, we are just under the 50 day average. I think we are due to pause here for reinforcements before continuing even if positive. The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Yeah. Honestly was expecting it to tempt bears at sub 18k... Especially after losing so much ground over a bung of nothing speech. And then we get this reprieve from dollar weakness. Still feels like we need a lot of hand holding at this stage and continued dollar negatives. Too fragile for a strong move up.

Yeah, but we are still afloat despite that speech and so far we have a beautiful bounce back. So sub $18k will have to wait again, or at least those who are itching to buy with that range.

Definitely, there are a lot of strong hands that are still holding at this point. No need to panic, or sell and then rebuy later. They are smart, just buying when there is a slip up in prices like what we've seen recently.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: STT on September 09, 2022, 06:48:46 PM

Once again we've risen back to a local high, we are just under the 50 day average. I think we are due to pause here for reinforcements before continuing even if positive. The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Yeah. Honestly was expecting it to tempt bears at sub 18k... Especially after losing so much ground over a bung of nothing speech. And then we get this reprieve from dollar weakness. Still feels like we need a lot of hand holding at this stage and continued dollar negatives. Too fragile for a strong move up.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: STT on September 09, 2022, 06:48:46 PM

Once again we've risen back to a local high, we are just under the 50 day average. I think we are due to pause here for reinforcements before continuing even if positive. The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Yes, maybe the run has somewhat stop at $21k and cannot get into the $22k barrier. Perhaps we are in the oversold region already because of the recent and quick spike in recent days.

So maybe just a couple, or sideway patterns this week before we can have another momentum. The highest high in August is $25k, so most likely this will be the target again this month and hopefully we can get back to that price. But then again, is the question of whether it is sustainable or not. At least though we have heard that the price could go to $10k, but it didn't happen.

STT

legendary

Activity: 4088

Merit: 1452

Once again we've risen back to a local high, we are just under the 50 day average. I think we are due to pause here for reinforcements before continuing even if positive. The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Myleschetty

member

Activity: 1165

Merit: 78

Quote from: TimeTeller on August 18, 2022, 06:48:13 PM

Quote from: Myleschetty on August 18, 2022, 05:00:13 PM

Quote from: Davian144 on August 18, 2022, 02:43:45 AM

Quote from: Myleschetty on August 16, 2022, 03:30:54 PM

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

Yes, I was talking about the ETH2.0 merge.
If you follow notice of the decision of crypto investors you'll comply with me, when an event is coming up on a certain blockchain investors always follow the crowd due to FOMO, and once the event is executed there will be a major sell. I could remember when BCH did some fork 2-3years ago.

This is why the crypto market is interesting, you'll never know what will happen next.
But in any case, we need to be ready for what's to come.
Either we can earn from it or just wait for the price to be above your buying price.
The Eth 2.0 has long been delayed, but I believe, it will have positive impact in the market later on.

Yes, some of the occasions make the crypto market to be interesting to those that already understand the market while naive investors will down by the market trend.
About the ETH2.0 merge, I don't know if I am the only one that has the feelings that Vitalik did the delay of the event on purpose because after the delay is when other dApp project started going bullish.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Yamifoud on August 15, 2022, 09:12:57 AM

Quote from: ethereumhunter on August 13, 2022, 09:35:39 AM

Instead of having the risk of losing big money, it is better to do nothing at this time, especially if we do not have sufficient ability to analyze market movements. Maybe you could try using a small fortune to see how far the market is moving so you can devise a plan for what to do. But if that small amount of money still doesn't convince you, it's better to get out of the market to minimize the risk of losing. With bitcoin's current state, where the price could return to $24k, that's a sign that bitcoin could move up, but it's not a guarantee that it can actually go up again. So stay cautious and don't act if you don't have a solid analysis.

Well, I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

I hope so

If they want to invest in bitcoin, they will keep it for a certain period of time. They should not panic if the price of bitcoin continues to fluctuate and instead, it will give them the opportunity to be still able to buy bitcoin at a lot of low prices. But indeed, everyone has their own plans and we don't know the plans.

That is why playing it safe is highly recommended in this case to avoid panic, stress, and other negative things.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Hypnosis00 on August 05, 2022, 05:35:56 PM

Quote from: arufox on August 05, 2022, 01:56:57 PM

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

Not yet. And even if it reaches $30k, that is still not considered the bull season, we are still far from reaching it again unless it was a sustainable uptrend. But yes, I don't believe this will come this year 2022, I was seeing this year is the bear season and the current situation could possibly be the same until December. Hypes and any sort of market manipulation which creates some price increase can't stay long, it drops again.

what is 30k compared to 69k price back in ATH? this is just a peanut to expect as what we have to change the course if the price again hit 50 above then we might b seeing a good increase after that.

Quote

I'm not a negative thinker but sometimes we have to be realistic and this is what we experience today, the same scenario that we have experience the bear season, in fact, that is even worse compared this year.

it is not negativity when we are just being realistic because the more you expect more is the more you will lose as remember that the price of crypto change from time to time and not to follow us everytime.

DanWalker

hero member

Activity: 1960

Merit: 547

Vave.com - Crypto Casino

Quote from: TheGreatPython on August 14, 2022, 02:43:09 PM

~~I feel that the more we are excited, the more the price will fall.

It is seems that someone is watching us, So maybe it will be a good idea to keep quiet and don't let them know that we are happy and are now excited to see more recoveries. That way they will leave the market the way it meant to be.

Is this called Fomo or not? I see the same thing when people start to get excited and rush back into the markets. When we start to think that the bear market is over, and the bull market has started to run. As we eagerly waited, the market would have an instant dump that left people frustrated and started selling their bitcoins in panic. If you pay close attention, you will see this happens very often.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Myleschetty on August 18, 2022, 05:00:13 PM

Quote from: Davian144 on August 18, 2022, 02:43:45 AM

Quote from: Myleschetty on August 16, 2022, 03:30:54 PM

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

Yes, I was talking about the ETH2.0 merge.
If you follow notice of the decision of crypto investors you'll comply with me, when an event is coming up on a certain blockchain investors always follow the crowd due to FOMO, and once the event is executed there will be a major sell. I could remember when BCH did some fork 2-3years ago.

This is why the crypto market is interesting, you'll never know what will happen next.
But in any case, we need to be ready for what's to come.
Either we can earn from it or just wait for the price to be above your buying price.
The Eth 2.0 has long been delayed, but I believe, it will have positive impact in the market later on.

Myleschetty

member

Activity: 1165

Merit: 78

Quote from: Davian144 on August 18, 2022, 02:43:45 AM

Quote from: Myleschetty on August 16, 2022, 03:30:54 PM

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

Yes, I was talking about the ETH2.0 merge.
If you follow notice of the decision of crypto investors you'll comply with me, when an event is coming up on a certain blockchain investors always follow the crowd due to FOMO, and once the event is executed there will be a major sell. I could remember when BCH did some fork 2-3years ago.

Davian144

hero member

Activity: 2576

Merit: 579

Quote from: Myleschetty on August 16, 2022, 03:30:54 PM

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

pooya87

legendary

Activity: 3472

Merit: 10611

Compared to a month ago, the market is still the same with pretty much the same ups and downs while each time price goes up it weakens the $25k resistance while after coming down it sets a newer high. Unless some new FUD comes out that could change this direction, there is a good chance that this turns into an actual bull run and then we can call it "interesting" as we start heading towards $30k+.

Myleschetty

member

Activity: 1165

Merit: 78

Quote from: Captain Corporate on August 15, 2022, 02:45:50 PM

As long as we keep this going, its going to benefit all of us and there is no denying that its going to be quite profitable in the long run for sure. But that all depends on us getting it going, if there is a big whale selling, or if there is a hacking situation going on some exchange, some nation banning, etc etc whatever bad news that will make the price go down, then we are not going to be good any time in the future. But if none of that happens and we handle it very well, then its going to be quite profitable for all involved, there is no reason for it to drop, it doesn't need a good news to go up, it could stay like this with no bad or good news and it will go up, as long as there is no bad news.

Without the bad news, you listed above, I still believe it is too early to celebrate the market bullishly and there's no way we can keep going when the market is always subjected to up and down through it being volatile in nature.
I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

Captain Corporate

hero member

Activity: 2086

Merit: 575

As long as we keep this going, its going to benefit all of us and there is no denying that its going to be quite profitable in the long run for sure. But that all depends on us getting it going, if there is a big whale selling, or if there is a hacking situation going on some exchange, some nation banning, etc etc whatever bad news that will make the price go down, then we are not going to be good any time in the future. But if none of that happens and we handle it very well, then its going to be quite profitable for all involved, there is no reason for it to drop, it doesn't need a good news to go up, it could stay like this with no bad or good news and it will go up, as long as there is no bad news.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: ethereumhunter on August 13, 2022, 09:35:39 AM

Instead of having the risk of losing big money, it is better to do nothing at this time, especially if we do not have sufficient ability to analyze market movements. Maybe you could try using a small fortune to see how far the market is moving so you can devise a plan for what to do. But if that small amount of money still doesn't convince you, it's better to get out of the market to minimize the risk of losing. With bitcoin's current state, where the price could return to $24k, that's a sign that bitcoin could move up, but it's not a guarantee that it can actually go up again. So stay cautious and don't act if you don't have a solid analysis.

Well, I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

sayaya17

sr. member

Activity: 1638

Merit: 255

Quote from: Vaskiy on August 12, 2022, 05:21:39 PM

The increase in the price continues in a slow and stabilized manner, because it grew from the value around $20k to $21k after some price movements taking place within the range for some time period. Then it crossed $23k and now $24k has been crossed. This looks like the market is getting good, but the bear movement will happen again. Apart from bitcoin, ethereum is really strong according to me. By the upcoming week it'll cross $2000 which is a big move.

I'm quite satisfied with Bitcoin's slow rise, as you described starting when Bitcoin stabilized at $20k, without us knowing now Bitcoin looks stable
at the price of $ 24k and is still trying to rise above the price of $ 25k. Even though we are still in a bear market, the positive movement of Bitcoin
makes it easier for us to face the current bear market. I hope Bitcoin doesn't go down again, and this month the Bitcoin price can go up to touch
the price of $30k, if that happens the possibility of Bitcoin can attract many investors to buy Bitcoin. If Bitcoin goes up it certainly affects
the price of altcoins, one of them was affected by the price of Ethereum which also rose about 12% in one week and in the near future it will soon
rise above the price of $2000. That's why apart from investing in Bitcoin we should also invest in Ethereum as well, because apart from the two of
them being the two best cryptos, we can also make much bigger profits if we can hold Bitcoin and Ethereum until the bull market comes.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Ararbermas on August 13, 2022, 10:05:32 AM

Quote from: arufox on August 05, 2022, 01:56:57 PM

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

correct, it still unpredictable because indeed this isn't the first time bitcoin show a good sign since it plunges from the current ATH, wherein it happens many times but always changed as well and become worse situation , so don't expect too and much better to wait for more results.. Wink

It is still unpredictable? But, are there ever a time where btc became predictable? I guess there isn't but indeed that it's not the first where btc rise but few months ago the rise is much better than we have now, I think it crosses to 30k already but that didn't continue on a much higher level. It only fell down back to 20k and stayed there for quite some time. I feel that the more we are excited, the more the price will fall.

It is seems that someone is watching us, So maybe it will be a good idea to keep quiet and don't let them know that we are happy and are now excited to see more recoveries. That way they will leave the market the way it meant to be.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: OgNasty on August 13, 2022, 01:14:29 PM

People are definitely acting like the market has turned a corner. I feel like the celebration might be a bit early but it’s never a good idea to fight the market trend. I think I’m the short term we might be overheating a bit, but in the mid to long term I think things are looking bright. Buyers should stay away from leverage buying here unless they can withstand a retest of the lows. With Blackrock entering though, there’s a chance they could smash buy all of the gox coins on their way to pumping the market to new highs.

I guess you can't blame them, I mean just months ago we've seen the price going to $17,500, (could be the lowest low, or the bottom for now). And we haven't seen bitcoin goes way below it's previous all time high. So that's a bit scary for bitcoin enthusiast. So when we see the price recovered and bounce back and now trying to break another resistance level of $25k, everyone is somewhat relive on how things has turned out in the last 3 weeks. Maybe the news of Blackrock entering the picture or the CPI announcement has made things turnaround for good, then we will have to see if this is just short term effect.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

People are definitely acting like the market has turned a corner. I feel like the celebration might be a bit early but it’s never a good idea to fight the market trend. I think I’m the short term we might be overheating a bit, but in the mid to long term I think things are looking bright. Buyers should stay away from leverage buying here unless they can withstand a retest of the lows. With Blackrock entering though, there’s a chance they could smash buy all of the gox coins on their way to pumping the market to new highs.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: arufox on August 05, 2022, 01:56:57 PM

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

correct, it still unpredictable because indeed this isn't the first time bitcoin show a good sign since it plunges from the current ATH, wherein it happens many times but always changed as well and become worse situation , so don't expect too and much better to wait for more results.. Wink

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: ice18 on August 12, 2022, 11:23:37 PM

Quote from: bluebit25 on August 05, 2022, 09:49:17 PM

I'm not sure if the recent market performance has been overly positive, but looking at how the market reacts to the news, I don't feel like it's too much of an issue. Looking back at everything that's happened so far this year, prices have always dropped to lower levels and then rebounded, so this time around it's no different from that. I believe the market will be bearish in the short term at other levels.

Yes very unpredictable market as of the moment you can easily lost money if you have no plans at all some metrics says bullrun is starting again but who knows this is fake, be very careful always.

Instead of having the risk of losing big money, it is better to do nothing at this time, especially if we do not have sufficient ability to analyze market movements. Maybe you could try using a small fortune to see how far the market is moving so you can devise a plan for what to do. But if that small amount of money still doesn't convince you, it's better to get out of the market to minimize the risk of losing. With bitcoin's current state, where the price could return to $24k, that's a sign that bitcoin could move up, but it's not a guarantee that it can actually go up again. So stay cautious and don't act if you don't have a solid analysis.

ice18

hero member

Activity: 2492

Merit: 542

Quote from: bluebit25 on August 05, 2022, 09:49:17 PM

I'm not sure if the recent market performance has been overly positive, but looking at how the market reacts to the news, I don't feel like it's too much of an issue. Looking back at everything that's happened so far this year, prices have always dropped to lower levels and then rebounded, so this time around it's no different from that. I believe the market will be bearish in the short term at other levels.

Yes very unpredictable market as of the moment you can easily lost money if you have no plans at all some metrics says bullrun is starting again but who knows this is fake, be very careful always.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: ?? on ??

Quote from: inanilujimi on July 30, 2022, 05:24:07 AM

It's still not over $40k, we've already seen the 2021 bullrun and it's hard to see the market especially bitcoin gaining that momentum again. maybe for 2024 or 2025 we could see a bullrun back. for me this is part of a bear market recovery, hopefully by the end of the year btc can break through $35k.

Even though Bitcoin enter 40k i will not it's a bullrun because we have calculate exactly when the the price of Bitcoin was. When Bitcoin reach 69k and above it's when i will agree that Bitcoin. Except that Bitcoin reach that particular place i mentioned, it's when i will tell you that Bitcoin is on the bullrun. Bitcoin bullrun is something i don't understand for now the capacity of bullrun this time because bullrun come with force

Perhaps it's just a number that we wanted to achieved at this bear market. So no way that it will be a bullish run, a good bounce though. Even at $35k this year is much better as it will double the last all time low that we have seen this year.

And then we still have 2023 wherein it could still be very much as bearish as this year. So it's better not to expect a so called bull run, the best approach is just continue to buy and accumulate.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

The increase in the price continues in a slow and stabilized manner, because it grew from the value around $20k to $21k after some price movements taking place within the range for some time period. Then it crossed $23k and now $24k has been crossed. This looks like the market is getting good, but the bear movement will happen again. Apart from bitcoin, ethereum is really strong according to me. By the upcoming week it'll cross $2000 which is a big move.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Hypnosis00 on August 05, 2022, 05:35:56 PM

Quote from: arufox on August 05, 2022, 01:56:57 PM

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

Not yet. And even if it reaches $30k, that is still not considered the bull season, we are still far from reaching it again unless it was a sustainable uptrend. But yes, I don't believe this will come this year 2022, I was seeing this year is the bear season and the current situation could possibly be the same until December. Hypes and any sort of market manipulation which creates some price increase can't stay long, it drops again.

I'm not a negative thinker but sometimes we have to be realistic and this is what we experience today, the same scenario that we have experience the bear season, in fact, that is even worse compared this year.

This is key, I would like for the price of bitcoin to recover as fast as possible but sometimes we need to accept that the market cannot possibly move exactly as we want, also a long bear market is not as bad as it may seem at first sight, it gives us a long period of time to accumulate bitcoin for a low price, and while many investors concentrate themselves on when to sell, many times when you buy is way more important, as I have no doubts that anyone buying bitcoin right now will have good profits a few years down the line.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: kensaii on August 05, 2022, 08:51:36 AM

It's going to be around 25k for the next few weeks but I don't think it was sustainable or stay at that for long. The bear market is just a thing that happened recently. The majority of traders still haven't seen it come fully yet. US's Q1 and Q2 negative aka recession, it'll slowly drain the market dry. People will tighten their wallets, business will slow down or force them to downsize. Tech businesses and tech stock already saw this early this year. Everyone thought this is it, the pump! We might be out of the bear market! Sorry, I disagree with that.

It's not sustainable to keep us here to be fair. I mean by the looks of it we are doing fine, and that means we are going to be 25k and then some, not go back down. It may not be easy and it may feel like it is failing at times but trust me, it's going to go up. The price has been low for a long enough time and there are way too many people who are anxious to see us go back up and then buy some more.

It means that it is going to be not that hard to convince people to buy bitcoin right now when the price goes up. This is why when we go beyond 25k, then 30k will not be that hard because there will be a good amount of situation where people will want it more after that.

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

I'm not sure if the recent market performance has been overly positive, but looking at how the market reacts to the news, I don't feel like it's too much of an issue. Looking back at everything that's happened so far this year, prices have always dropped to lower levels and then rebounded, so this time around it's no different from that. I believe the market will be bearish in the short term at other levels.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

^ Yeah. I am encouraged by the way Bitcoin has somehow found a way to retain these levels amid intense macro pressures but volume is to me what really convinces me. And until that tide turns, I would be more wary than optimistic about 2022. Just too thin across the board to present a resistance if and when the wind picks up.

STT

legendary

Activity: 4088

Merit: 1452

Here is the chance we continue upwards on an uptrend

We remain suppressed in terms of momentum but the lows of price action are often stronger indication then the peaks which can be blown away for the candy floss fluff they often are. Till we lose 22.4k it's fair to stay positive as to BTC gain possibilities going forward into August.

Longer term it would still appear alot more work remains to do, basically the volume down seems to outweigh the volume thus far on this uptrend. If you were buried, this would mean more shoveling to be free (of prior selling) is there to do. Im told by greater traders I follow it doesn't rule out the possibility just be cautious I guess.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: arufox on August 05, 2022, 01:56:57 PM

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

Not yet. And even if it reaches $30k, that is still not considered the bull season, we are still far from reaching it again unless it was a sustainable uptrend. But yes, I don't believe this will come this year 2022, I was seeing this year is the bear season and the current situation could possibly be the same until December. Hypes and any sort of market manipulation which creates some price increase can't stay long, it drops again.

I'm not a negative thinker but sometimes we have to be realistic and this is what we experience today, the same scenario that we have experience the bear season, in fact, that is even worse compared this year.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: P2PECS on July 29, 2022, 03:38:23 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.

OP can be misleading if one follows intentionally without making a good research first. But for those who are smart enough to have advanced ideas that this current sudden price increase could only end up as a bull trap in the end. Well, bull run will definitely happen but I’m not seeing this time or this current year. It will only come when the whole global economic condition show signs of progress.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

kensaii

full member

Activity: 396

Merit: 106

Quote from: btc_angela on August 05, 2022, 06:11:53 AM

Quote from: Rufsilf on August 03, 2022, 05:58:01 PM

What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

I wouldn't say it's a normal fluctuations when the price dip -70%++ in the last 6 months. Definitely, we will see some pumps along the way in the bear market, and now it seems that we are into in the last couple of weeks. Just wanted to see the price really going like to $25k and see what will be the reaction, will it be sustainable or not? And so even in bear market, it is more exciting to see the price at least picking up. Not sure if I remember it correctly, if we have seen this in 2018, or maybe I totally forget it already. Or maybe I just mature and the majority of us and now crafting strategies for the incoming bull run. Grin

It's going to be around 25k for the next few weeks but I don't think it was sustainable or stay at that for long. The bear market is just a thing that happened recently. The majority of traders still haven't seen it come fully yet. US's Q1 and Q2 negative aka recession, it'll slowly drain the market dry. People will tighten their wallets, business will slow down or force them to downsize. Tech businesses and tech stock already saw this early this year. Everyone thought this is it, the pump! We might be out of the bear market! Sorry, I disagree with that.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: savetheFORUM on July 30, 2022, 11:08:48 AM

Quote from: Baofeng on July 30, 2022, 05:50:07 AM

Quote from: bittraffic on July 29, 2022, 07:14:16 PM

But could anyone confirm the bear market is over? By what I mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.

I think to be able to say that we are out of the bear market, we need some validations, maybe in the range of $40k-$50k. At least that is more than 50% of the lower low of $17k.

So it's a long way to go for us, we barely made it to $25k in this last small runs in the last week or so. And we can say that we are still not out of the woods yet, we need to progress more to the price that I mentioned. So we will have to wait and see, we still have 5 months to improved the price.

For me, I will only say that we are out of the bear market if the price recovered from the last ath and that was 69k or higher than it. If only the price didn't fall this low but it only fall on 40 to 50k then you can say that fall was normal and not considered as a bear.

There is no rule which states that the bear market should end within this last 5 months, so it's pretty fine even if the bear can last till next year or so but like everyone else I also believe that after the halving takes place, the price will start to improve dramatically. That should be our last and only hope if any other attempts fail. It's going to be a long wait but no one is forced to do so.

Of course, that's definitely the case, but in a bear market like what we are experiencing, at least a decent run, maybe $30k could be a good hedge or even $30k-$50k.

I'm not saying that there is a rule, no one is etch in stone here, although it will always be in a 4 year cycle, bullrun and bearish turned. Halving is the catalyst for the next eventual bull run, I agree to that. So I would also see the bear market will last till next year, and it will still be another perfect time to accumulate.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Rufsilf on August 03, 2022, 05:58:01 PM

What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

I wouldn't say it's a normal fluctuations when the price dip -70%++ in the last 6 months. Definitely, we will see some pumps along the way in the bear market, and now it seems that we are into in the last couple of weeks. Just wanted to see the price really going like to $25k and see what will be the reaction, will it be sustainable or not? And so even in bear market, it is more exciting to see the price at least picking up. Not sure if I remember it correctly, if we have seen this in 2018, or maybe I totally forget it already. Or maybe I just mature and the majority of us and now crafting strategies for the incoming bull run. Grin

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Rufsilf on August 03, 2022, 05:58:01 PM

What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

Obviously the market recovering relatively quickly after the crash that we saw some weeks ago is a good thing, but people need to be more cautious in the way they evaluate the recovery of the market, what we are seeing is a correction, simply put the price went down too quickly as people panicked and sold their coins for a loss, smart investors realized the mistake those people committed and they bought their coins for a discount and the increased demand made the price to go up again, however it cannot really be classified as a bull run no matter how we look at it.

Rufsilf

sr. member

Activity: 1778

Merit: 309

What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

Quote from: peter0425 on August 01, 2022, 12:12:51 AM

please dont let the enthusiasm cover your plans and target here in your investing because it is the movement and the response from investors like us that will always make the market matter .
but it is indeed that we tend to come back once there is a big changes in market and when it specially on climbing position and this is what w all been waiting .

Not intended to cover up the enthusiasm of a person's investment plan, we only do a small study to see conditions that allow things that are not desired, the climbing process will not just happen, there is a process that must be passed, before the climb reaches the perfect stage

Quote from: Republikcoin.com on August 01, 2022, 02:31:53 AM

Investors who bought Bitcoin at a higher price are not going to sell now, but for investors who bought Bitcoin at $18K I think they have considered selling it at $24K.
So that the decline in the price of Bitcoin is still possible in the near future and if indeed the price of Bitcoin can increase again slowly in the market, it will be much better. I think so.

There are as many as two patterns that people often do when starting to invest, first make the purchase of the coin at a cheap price, then sell when the price has strengthened.
Both people will consider how to get large or small profits, this applies when we are able to see opportunities for coins in the market, for example the current price we can benefit and store in the long run, according to the desire to strengthen at what price, or decide short term with profit small

Quote from: Silberman on August 01, 2022, 08:34:36 PM

I really think the majority of investors that bought their coins near the bottom have no intention of selling their coins, they understand very well what is at stake here, it is true that if they sell now they can obtain some profits, but those profits are nothing compared to what they can get in a few years down the line once the new bull market comes, so if anything they are thinking on buying more bitcoin if the price goes down to those levels as this will increase their profits in the future even further.

The habits of people who invest in this model are big investors, they only target small profit but because large purchases can be adjusted to the benefits, which means they have large capital to make purchases at any price, but for small investors Long Term, Where the Profit Earned Must Be Large from the Price of Initial Capital Purchases

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Republikcoin.com on August 01, 2022, 02:31:53 AM

Quote from: Fara Chan on July 31, 2022, 10:47:51 PM

At least the bitcoin price movement has started to change, this is what some people in crypto have been waiting for, the difference between last month and now is not that big, the price increase is not that far and I don't see investors going into the market to sell some of the bitcoins they own, because this is still quite early to release assets, considering the current selling price has not provided a profit for investors who buy bitcoins above the current price.

Investors who bought Bitcoin at a higher price are not going to sell now, but for investors who bought Bitcoin at $18K I think they have considered selling it at $24K.
So that the decline in the price of Bitcoin is still possible in the near future and if indeed the price of Bitcoin can increase again slowly in the market, it will be much better. I think so.

I really think the majority of investors that bought their coins near the bottom have no intention of selling their coins, they understand very well what is at stake here, it is true that if they sell now they can obtain some profits, but those profits are nothing compared to what they can get in a few years down the line once the new bull market comes, so if anything they are thinking on buying more bitcoin if the price goes down to those levels as this will increase their profits in the future even further.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: serjent05 on July 31, 2022, 06:09:53 PM

I don't think this is a bull trap, I think it is natural for the price to recover if there is less pressure from the selling side. Besides if we look around the news today, they somehow have a positive sentiment. But regardless even if investors buy today, Bitcoin price will definitely surge when the market becomes bullish.

You might be right if it's not a bull trap but I will give it enough time to reveal its intent since most of the time it would show if you didn't expect it to happen. But I agree that it depends on the situation of the market and sentiment of the people but I can't tell exactly which of the two is happening that's why I just have to give it enough time.

Quote

It would be a good thing if FOMO hits today and make an early trigger of the bull market.

So far, I haven't seen something like that happened which would trigger the bull market although, there are circumstances that there's an abnormalities in the market that do trigger the bullish but that's just it after pumping a little it won't pump anymore since the trader's will keep it steady for at least a week or so then it goes down back again.

Nrcewker

copper member

Activity: 2268

Merit: 539

LuckyDiamond.io - FLAT 50% Deposit Bonus!

It’s just a price hike I would say.
I mean it’s caused by the whales by buying more BTCs in a regular price.
For this reason Bitcoins took a smaller leap. Currently the price has fallen 5-6% and it is again back to the normal price.
It’s not a bull run according to me, and the bear market will last for more weeks also.
Nevertheless, let’s buy in this low price as many Bitcoins as we can and definitely after some weeks we will see great profits.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Fara Chan on July 31, 2022, 10:47:51 PM

At least the bitcoin price movement has started to change, this is what some people in crypto have been waiting for, the difference between last month and now is not that big, the price increase is not that far and I don't see investors going into the market to sell some of the bitcoins they own, because this is still quite early to release assets, considering the current selling price has not provided a profit for investors who buy bitcoins above the current price.

Investors who bought Bitcoin at a higher price are not going to sell now, but for investors who bought Bitcoin at $18K I think they have considered selling it at $24K.
So that the decline in the price of Bitcoin is still possible in the near future and if indeed the price of Bitcoin can increase again slowly in the market, it will be much better. I think so.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Fara Chan on July 31, 2022, 10:47:51 PM

Quote from: peter0425 on July 31, 2022, 02:09:14 AM

There are still no interesting situation in crypto market now, looking at how the market move now?

https://coinmarketcap.com/

I don't know if we are going to buy this claim ? a 6 weeks high ?

hope that it will happen in the coming days because what w have now are still a BS manipulated and wont come in big outcome .

The market movement is experiencing a good trend, although it has not fully recovered for now, not only talking about profits, but the market reaction at least makes us more enthusiastic to come back, and I'm also not sure this month will produce big profits

please dont let the enthusiasm cover your plans and target here in your investing because it is the movement and the response from investors like us that will always make the market matter .
but it is indeed that we tend to come back once there is a big changes in market and when it specially on climbing position and this is what w all been waiting .

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

Quote from: peter0425 on July 31, 2022, 02:09:14 AM

There are still no interesting situation in crypto market now, looking at how the market move now?

https://coinmarketcap.com/

I don't know if we are going to buy this claim ? a 6 weeks high ?

hope that it will happen in the coming days because what w have now are still a BS manipulated and wont come in big outcome .

The market movement is experiencing a good trend, although it has not fully recovered for now, not only talking about profits, but the market reaction at least makes us more enthusiastic to come back, and I'm also not sure this month will produce big profits

Quote from: Republikcoin.com on July 31, 2022, 05:38:14 AM

Compared to last month, it's clear that this month is better than before and tomorrow is the start of another new month for Bitcoin and everyone, so I hope the price of Bitcoin can be much better than this month. Investors who are starting to enter the market again should also not be considered a positive thing because they may enter the market to sell existing Bitcoin assets and then disappear again from the market.

At least the bitcoin price movement has started to change, this is what some people in crypto have been waiting for, the difference between last month and now is not that big, the price increase is not that far and I don't see investors going into the market to sell some of the bitcoins they own, because this is still quite early to release assets, considering the current selling price has not provided a profit for investors who buy bitcoins above the current price.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: Oceat on July 31, 2022, 01:41:31 PM

Anyway, this sudden pump in the market is just normal since I've seen this in the past already and this looks like a bull trap, which means the whales or whoever was pumping the market trying to make the trader to FOMO that would lead them to buy the highest price then the market will suddenly decline and it would stress some traders that most of them won't just hodl their accumulated BTC because they were starting to panic and end up selling low.

Is it possible that the current relief rally is due to the finished selling of Bitcoin by Tesla and Finland? As we observed before this six-week high, Bitcoin somehow dipped to as low as $17k, if I am not mistaken probably those times are the time when these two huge sales are being executed. And now that they are done with the sales, the Bitcoin price recovered because there is no more added pressure on the resistance wall.

I don't think this is a bull trap, I think it is natural for the price to recover if there is less pressure from the selling side. Besides if we look around the news today, they somehow have a positive sentiment. But regardless even if investors buy today, Bitcoin price will definitely surge when the market becomes bullish. It would be a good thing if FOMO hits today and make an early trigger of the bull market.

STT

legendary

Activity: 4088

Merit: 1452

Sadly its not launching in time for my end of month bet, kinda typical. Maybe it can falter but recover this week otherwise I expect it was all a bit of a wind up and we have to do a loop and repeat prices in low 20's before attempting properly higher.
Back below 2 day average, lost that fast momentum and if we fail below 22750 and keep a 4hr bar below then its compromised 'the dream' scenario. Assume full gloom any lower then 21k closing as this negates higher lows bullish argument.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Zanab247 on July 31, 2022, 09:27:25 AM

This is a sign that people will soon experience bullish season in the community soon, because the green light is preparing to be stable for those that bought Bitcoin at low rate to get ready to achieve massive income from their investment. I believe, we are still in bearish season which is the best season for people to buy Bitcoin and hold for the price to move higher before they can supply to market to make a passive incomes from the market. Since the Bitcoin price is still between $22k and $23k, showed that the price will definitely hit $52k next month for long term traders to achieve good reward from their investment.

Nah, when Bitcoin is in bearish season, afaik it's too rare to see a pump that would reach of what you just set as price since it didn't happen yet. But I'm sure in the next bull run $52k might be the new support while BTC is in a trance of pumping, $100k might be the resistance.

Anyway, this sudden pump in the market is just normal since I've seen this in the past already and this looks like a bull trap, which means the whales or whoever was pumping the market trying to make the trader to FOMO that would lead them to buy the highest price then the market will suddenly decline and it would stress some traders that most of them won't just hodl their accumulated BTC because they were starting to panic and end up selling low.

lionheart78

legendary

Activity: 2954

Merit: 1153

It may be early to say that this relief rally would be the spark of the Bitcoin Bull run but the news is kinda positive today. Considering this 6 weeks-high is the best rally of Bitcoin since the 2021 ATH^[1]. News site like Cointelegraph is broadcasting positive sentiment news even stating that the sentiment exits the fear zone^[2]. I believe we need more positive news like this and more institutional investors to support the market demand in order for the market trend to transition into a Bull market else we are just experiencing relief rallies during the bear market and is too early for a bull market celebration.

[1] https://cointelegraph.com/news/bitcoin-due-one-of-greatest-bull-markets-as-july-gains-circle-20
[2] https://cointelegraph.com/news/bitcoin-price-eyes-24k-july-close-as-sentiment-exits-fear-zone

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

This is a sign that people will soon experience bullish season in the community soon, because the green light is preparing to be stable for those that bought Bitcoin at low rate to get ready to achieve massive income from their investment. I believe, we are still in bearish season which is the best season for people to buy Bitcoin and hold for the price to move higher before they can supply to market to make a passive incomes from the market. Since the Bitcoin price is still between $22k and $23k, showed that the price will definitely hit $52k next month for long term traders to achieve good reward from their investment.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Fara Chan on July 31, 2022, 12:31:35 AM

When viewed from the market trend, bitcoin is experiencing a price increase for now, the price increase is not too big, but compared to last month, now the increase is better, investors are starting to increase to enter the market, but we should not be stuck with this condition, because it is not there are signs of a long lasting bullish trend and able to maintain the positive trend, so stay alert until the recovery goes back to normal

Compared to last month, it's clear that this month is better than before and tomorrow is the start of another new month for Bitcoin and everyone, so I hope the price of Bitcoin can be much better than this month. Investors who are starting to enter the market again should also not be considered a positive thing because they may enter the market to sell existing Bitcoin assets and then disappear again from the market.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Fara Chan on July 31, 2022, 12:31:35 AM

When viewed from the market trend, bitcoin is experiencing a price increase for now, the price increase is not too big, but compared to last month, now the increase is better, investors are starting to increase to enter the market, but we should not be stuck with this condition, because it is not there are signs of a long lasting bullish trend and able to maintain the positive trend, so stay alert until the recovery goes back to normal

There are still no interesting situation in crypto market now, looking at how the market move now?

https://coinmarketcap.com/

I don't know if we are going to buy this claim ? a 6 weeks high ?

hope that it will happen in the coming days because what w have now are still a BS manipulated and wont come in big outcome .

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

When viewed from the market trend, bitcoin is experiencing a price increase for now, the price increase is not too big, but compared to last month, now the increase is better, investors are starting to increase to enter the market, but we should not be stuck with this condition, because it is not there are signs of a long lasting bullish trend and able to maintain the positive trend, so stay alert until the recovery goes back to normal

adaseb

legendary

Activity: 3808

Merit: 1723

Bitcoins rally I would say is weak to say compared to alts or ETH. However this rally is not a surprise. This is basically due to the fact that Bitcoin follows risk on assets like stocks and risk on assets have bottom when the bond markets have reversed.

Basically bond market traders know that the fed will ease on its rate hikes in 2023, and there is a good chance it might cut them. I think the hint was the lower oil prices. And it means inflation has peaked and hence why Bitcoin and everything is rallying.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

I don't know if I'd say it's getting interesting, but the moment we've all been waiting for is quickly approaching. Once the mtgox coins are distributed and we see which direction the market chooses to go, that's when things will maybe become exciting. It does feel like the market has turned a corner though from the recent major liquidations and is in recovery mode. For me, I'm still curious about what will happen next month and it will most definitely be interesting once those mtgox coins hit the market. Hopefully from there it's excitement on the way to euphoria in another 2.5 years.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: Baofeng on July 30, 2022, 05:50:07 AM

Quote from: bittraffic on July 29, 2022, 07:14:16 PM

But could anyone confirm the bear market is over? By what I mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.

I think to be able to say that we are out of the bear market, we need some validations, maybe in the range of $40k-$50k. At least that is more than 50% of the lower low of $17k.

So it's a long way to go for us, we barely made it to $25k in this last small runs in the last week or so. And we can say that we are still not out of the woods yet, we need to progress more to the price that I mentioned. So we will have to wait and see, we still have 5 months to improved the price.

For me, I will only say that we are out of the bear market if the price recovered from the last ath and that was 69k or higher than it. If only the price didn't fall this low but it only fall on 40 to 50k then you can say that fall was normal and not considered as a bear.

There is no rule which states that the bear market should end within this last 5 months, so it's pretty fine even if the bear can last till next year or so but like everyone else I also believe that after the halving takes place, the price will start to improve dramatically. That should be our last and only hope if any other attempts fail. It's going to be a long wait but no one is forced to do so.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: bittraffic on July 29, 2022, 07:14:16 PM

But could anyone confirm the bear market is over? By what I mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.

I think to be able to say that we are out of the bear market, we need some validations, maybe in the range of $40k-$50k. At least that is more than 50% of the lower low of $17k.

So it's a long way to go for us, we barely made it to $25k in this last small runs in the last week or so. And we can say that we are still not out of the woods yet, we need to progress more to the price that I mentioned. So we will have to wait and see, we still have 5 months to improved the price.

inanilujimi

sr. member

Activity: 1876

Merit: 259

It's still not over $40k, we've already seen the 2021 bullrun and it's hard to see the market especially bitcoin gaining that momentum again. maybe for 2024 or 2025 we could see a bullrun back. for me this is part of a bear market recovery, hopefully by the end of the year btc can break through $35k.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: bittraffic on July 29, 2022, 07:14:16 PM

But could anyone confirm the bear market is over? By what I mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.

For now everything is still speculative. It may be too early to judge the market to have finished the bear run because of 5/6 weeks recovery. As it is, it is looking like trap not until the price stables up. Two days ago the price also dropped back to $22k , for me I will just keeping watching the move.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: dragonvslinux on July 29, 2022, 08:29:29 AM

Quote from: P2PECS on July 29, 2022, 03:38:23 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.

Have to agree here, despite the encouraging recovery so far, this is far from a bull run. The interesting aspect is that price is near to closing back above the 200 WMA ($22.8K) as well as 50 Month MA ($22.6K), indicating that the current bear trend could be coming to an end. But this doesn't imply a bull market is to come either, only a relief rally anywhere up to $50K, a "mini bull-run" as it were.

Another good post mate, yeah, so far the we are still above both the 200 WMA and the 50 month MA. So that is a good indication as least that we are relieved that we won't see a huge price decreased, not unless there is another negative news that will affect the price drastically.

So hopefully as we go on the last quarter of the year, we will have this so called mini bull run. If we did then you think that the 4 year cycle is going to be broken?

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: P2PECS on July 29, 2022, 03:38:23 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.

I think the same, I mean a bull run is a sustained growth in the price of an asset and the growth that we are seeing is nowhere near enough to classify the current movement as a bull run, it is a nice recovery and that is it, however I see this recovery with good eyes as it gives bitcoin some breathing room, when the price was below the 20k level every single small drop in the market seemed as if it could have the potential to cause a new crash, but now bitcoin has some margin to maneuver and maybe we can avoid seeing a new low during this year.

bittraffic

hero member

Activity: 3038

Merit: 617

But could anyone confirm the bear market is over? By what I mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.

Captain Corporate

hero member

Activity: 2086

Merit: 575

I really wouldn't expect anything less from bitcoin. It could go skyrocket from here, or it could crash and be 15k as well, either option is feasible at this point. Lets just realize that bitcoin is unpredictable, if you can accept that then its going to be easier to do whatever else we can do from there on out. I see this as an absolute win for the time being, and yes its going to take a while before we could move on further to a higher price, but at the very least this could be a great start for it. Basically, what I mean right now is that we are doing just fine, its not amazing, but a month from now could mean that we could be 30k and then a month later 45k, thats how it all starts.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: bitzizzix on July 29, 2022, 03:57:41 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.

^ Because it is too early to celebrate about BTC bull run.
The market was experienced a sideways these days probably because we have heard different good news about BTC but it does not mean we are in a bull trend right now. It could be next week BTC will drop again because there are too many weak people who will probably cut their profit during a small BTC price up. I would advice anyone to buy BTC in a DCA way it will probably surely have a profit or hold it in a long term purpose.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

"Bull run" means a medium to long-term trend, something that lasts at least 3 months, but generally 6+ months. A short term positive term is known as a "rally". We currently have a relief rally - a bounce back after a very sharp decline. If the price again drops to them same low, it is known as a "dead cat bounce".

Just like there are corrections in a bull market, there are relief rallies in a bear market. Right now it's a bit too early to say that a bull market has started or that the price already touched the bottom of the cycle.

STT

legendary

Activity: 4088

Merit: 1452

Its not yet proven but BTC is teetering on the brink of closing the gap to 30k area. I dont imagine we go much further then 30k in one go, perhaps a peak above then reverse back type of move. Problem is or the required movement I really need to see is a lower Dollar and this relates to solid hard event news, its not a speculative move but actual macro economic worries like energy shortage in the EU economy or YEN unwinding vs Dollar.
If these things dont move we dont get the weaker Dollar, BTC can move with a strong dollar but its a mighty weight on its back I think so expect compressed prices whatever range we are in.

Dollar index peaked, its fallen and for me to expect proper gains to expand in BTC or any speculative asset I need DXY below 105. For us to be off to the races with all the big hopes of much higher BTC then the blue line needs to be overhead and this is negative trend for Dollar which we broke with Dollar strength this year. So bigger BTC prices imo dont occur with DXY above 97 and I doubt any rally can sustain into medium term with us above 105. I do presume DXY is a fair guide to risk sentiment and speculative Dollar flow otherwise we are walking not running.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: P2PECS on July 29, 2022, 03:38:23 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.

Probably a breakout and a possible bull run but its too early to say.
We might see some corrections along the way since BTC is still having a hard time to break the resistance. Maybe OP is talking about the future trend, since bull run will come at any time. With the given chart, the volume is quiet interesting, we see a huge spike but again its not enough to call this a bull run, it may still take time.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

This 6-week high was not enough to call it Bullrun or an indication of its coming. Not that I say it was too early but the price is not at the level and even if it reaches $30k this quarter or this year, that is still far from the last Bullrun record. Whatever the reason for the current pump and the market remains in bear condition. Can imagine how long we have been like this in a previous bear season, so probably it happens again this time!

The prices wen high and low due to some market influence but that was not enough to say that we are in the full recovery.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Quote from: P2PECS on July 29, 2022, 03:38:23 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.

Have to agree here, despite the encouraging recovery so far, this is far from a bull run. The interesting aspect is that price is near to closing back above the 200 WMA ($22.8K) as well as 50 Month MA ($22.6K), indicating that the current bear trend could be coming to an end. But this doesn't imply a bull market is to come either, only a relief rally anywhere up to $50K, a "mini bull-run" as it were.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: P2PECS on July 29, 2022, 03:38:23 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.

Maybe the price hasn't started to recover because it's still under $30k, let alone $40k.
But bitcoin's move to $23k now shows a good move because bitcoin still has a big chance to rise again this year.
But it's all still a mystery because no one knows when the bull run will come again.
But if the price can go up to $25k-$30k in the next month or even get back to $40k, that's a sign for bitcoin to recover.
So we just wait for it to come while trying to buy at low prices and keep it or buy at low prices and sell at high prices to make a profit.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

If risk assets were performing well/in correlation with bitcoin then they'll probably be correlating for longer.

I'm not sure there's much fundamentally backing the growth increases though (except attempting to protect wealth maybe). So I don't think anyone would be reasonable to be short term bullish until we get past a resistence like the one at $28-30k.

TheNineClub

full member

Activity: 616

Merit: 161

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.

pooya87

legendary

Activity: 3472

Merit: 10611

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.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

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.

P2PECS

member

Activity: 173

Merit: 74

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.

FMCPAY_GLOBAL

copper member

Activity: 141

Merit: 7

US BASED CRYPTOCURRENCY EXCHANGE

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)

Topic: Bitcoin bull run 'getting interesting' as BTC price hits 6-week high (Read 899 times)