Topic: Bitcoin bull run or just a pump before bear market ? (Read 562 times)
We might not be able to see huge price surge or bull run that we witness in 2017 where prices cross $20k in short span of time because of dump situations.The price fluctuation are high as prices are rising after bloodbath and cross $8000 starting from a low point but we will see another correction before another pump of this year or it can be manipulation of whales just to cash out their profits.So we need for actual pump to come in the market and be calm until that time.
Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.
Yes, fluctuation will be constant as people use it to trade often, but the degree of fluctuation of bitcoin in future cannot be compared to the degree of fluctuation that it has not. The coin is still very volatile because the supply for bitcoin is still quite greater than the demand, but once we can overcome every obstacle that is making supply to be more than demand, then we will have some continuously increase and a less fluctuated coin. For me personally, I think that I am not clueless about where bitcoin will be heading to in future within that 2 years, I might be clueless about the other altcoins because right now, they have not functioned as much as bitcoin is function, so for bitcoin, I am more optimistic that the future is really bright for it and the future is almost here.
Bitcoin is the main focus of the traders since it is more useful than alts and we can actually predict on what will happen on it in future since for sure more adoption will come on it , unlike other alts which is questionable and we can't even tell if they will be active on the long run since mostly some of them are scam and altcoin scamming is so rampant on this space and that makes people doubt upon holding them.
Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.
Yes, fluctuation will be constant as people use it to trade often, but the degree of fluctuation of bitcoin in future cannot be compared to the degree of fluctuation that it has not. The coin is still very volatile because the supply for bitcoin is still quite greater than the demand, but once we can overcome every obstacle that is making supply to be more than demand, then we will have some continuously increase and a less fluctuated coin. For me personally, I think that I am not clueless about where bitcoin will be heading to in future within that 2 years, I might be clueless about the other altcoins because right now, they have not functioned as much as bitcoin is function, so for bitcoin, I am more optimistic that the future is really bright for it and the future is almost here.
Right now, we are on the verge of something big and we don't know where which is the toughest decision.
I mean we could go down super hard and go down to 6 thousand dollars, it is quite the possibility, or maybe we will figure out a way to get out of this bear run and go above 10k, we don't know which one there will be in the near future. That scares all of us we don't know what to do with our money, some people have fiat and undecided on buying bitcoin, some people have bitcoins and undecided on selling them, it is all kinds of messed up right now.
Because of the halving there was a lot of bulls and we all thought price would only go up until then, it didn't and since we didn't expected this we are all confused on what to do right now. I have no clue whats next for bitcoin.
I mean we could go down super hard and go down to 6 thousand dollars, it is quite the possibility, or maybe we will figure out a way to get out of this bear run and go above 10k, we don't know which one there will be in the near future. That scares all of us we don't know what to do with our money, some people have fiat and undecided on buying bitcoin, some people have bitcoins and undecided on selling them, it is all kinds of messed up right now.
Because of the halving there was a lot of bulls and we all thought price would only go up until then, it didn't and since we didn't expected this we are all confused on what to do right now. I have no clue whats next for bitcoin.
The toughest decision will always be to not sell. I thought holding was the simplest job, but after only a few years here, I've seen even the toughest nut give up, and those with plenty of skin in the game let go.
It's perhaps much easier for me, since I earn only in Bitcoin... so I sell what I need, which is most of it, and whatever I get to keep, I see it as a bonus. At today's price, still more or less break even for me, but if BTC goes down to 1k let's say, I'd have lost the value of most of my savings. But knowing I still shelved a little in fiat, I don't feel TOO bad about it!
Why is it different?
Did someone really expect what happened two years ago? I dont think so.
All are shocked with bitcoin reaching such certain heights.
Then FOMO came and a lot of investors tried to ride the wave which is a fake one.
Now, the same thing could happen but all are unsure about it. It will be just mere speculation once again.
Did someone really expect what happened two years ago? I dont think so.
All are shocked with bitcoin reaching such certain heights.
Then FOMO came and a lot of investors tried to ride the wave which is a fake one.
Now, the same thing could happen but all are unsure about it. It will be just mere speculation once again.
After yesterday jump to $8600, bitcoin stay still over $8500, could be the new resistance level to before reaching $9K.
Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd
Right now it's down again to $8,350, market movements is hard to predict since there's no big effects after Bakkt was launched. We do need to work with more good news aside from this tweet to expect good value in the long run. Deeper research and allow yourself to observe before deciding to what position you will proceed. Being optimistic to make proper assumptions is needed while you are still inside this market. Don't fall to anything without doing your research. Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd
After yesterday jump to $8600, bitcoin stay still over $8500, could be the new resistance level to before reaching $9K.
Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd
Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd
nah, it is just the bounce back from the big drop that we had. it has nothing to do with Bakkt and its volume although it is still interesting to see how it is slowly but surely growing even though people tried to belittle it when it first started up.
for now there isn't any real resistances ahead of us. the problem in my opinion is that there isn't any buying power to bring the price up and test any resistance since investors are scared now and want to wait before jumping back in again.
After yesterday jump to $8600, bitcoin stay still over $8500, could be the new resistance level to before reaching $9K.
Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd
Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd
Right now, we are on the verge of something big and we don't know where which is the toughest decision.
I mean we could go down super hard and go down to 6 thousand dollars, it is quite the possibility, or maybe we will figure out a way to get out of this bear run and go above 10k, we don't know which one there will be in the near future. That scares all of us we don't know what to do with our money, some people have fiat and undecided on buying bitcoin, some people have bitcoins and undecided on selling them, it is all kinds of messed up right now.
Because of the halving there was a lot of bulls and we all thought price would only go up until then, it didn't and since we didn't expected this we are all confused on what to do right now. I have no clue whats next for bitcoin.
I mean we could go down super hard and go down to 6 thousand dollars, it is quite the possibility, or maybe we will figure out a way to get out of this bear run and go above 10k, we don't know which one there will be in the near future. That scares all of us we don't know what to do with our money, some people have fiat and undecided on buying bitcoin, some people have bitcoins and undecided on selling them, it is all kinds of messed up right now.
Because of the halving there was a lot of bulls and we all thought price would only go up until then, it didn't and since we didn't expected this we are all confused on what to do right now. I have no clue whats next for bitcoin.
The most standard price level for btc is I think 12k to 15k until the end of the year. But make sure to sit tight when 2020 arrives lots of development on different major altcoins. I guess we can see it when the time comes. Dont worry if you havent bag some btc now then its youre chance while it is still on moderate level not too high and not too low.
I think your looking at this too optimistically, 12k or 15k would mean there has to be a minimum price increase of around 50 to 70 percent, which is a lot when your looking at BTC hovering around the 8k mark right now.I'm going to make a bold estimate and say BTC won't even reach levels above 10k this year. Things will improve next year with the halfing though.
I think we have a big chance to see that price again in the future as we will see the halving moment in the next years.
So if we check on the history of bitcoin price, before or after halving, the price will be increased so high.
But unfortunately, we don't know when it will happen so I think we can wait for that time and be patient.
The most standard price level for btc is I think 12k to 15k until the end of the year. But make sure to sit tight when 2020 arrives lots of development on different major altcoins. I guess we can see it when the time comes. Dont worry if you havent bag some btc now then its youre chance while it is still on moderate level not too high and not too low.
I think your looking at this too optimistically, 12k or 15k would mean there has to be a minimum price increase of around 50 to 70 percent, which is a lot when your looking at BTC hovering around the 8k mark right now.I'm going to make a bold estimate and say BTC won't even reach levels above 10k this year. Things will improve next year with the halfing though.
Maybe pump before bear market. Not bear market actually, pump before that big people will make people panic when they want price to be dumped. Halving almost come and i believe they wouldn't that easy only hold bitcoin and do nothing. Usually they want to accumulate more so they can get maximum profit when halving come.
Holding wasn't mean forever, it somehow we need to utilize each and every fluctuations may appears. As thinking of the upcoming halving event is really a big hopes of everyone but not really sure if this will rally a huge market pumps or stay the same.
there is no justification for selling at these low levels now
How about selling to secure profits? Or selling out of fear? Regardless of how low people consider certain price levels to be, there will always be sellers selling because of the aforementioned reasons.We went from $20k to $3k last year, and each time the price went down by $1k people were wondering how there can still be sellers even so far below the all time high. $3k turned out to be a level with more buyers than sellers.
There is no underlying value the crypto market participants will respect like what happens with stocks for example---crypto will always be sold off or bought up lower/higher than what people think makes sense.
Well, it appears there is a small bull run in the market. but we don't yet whether is this bull run is going to stay for long. Since we are in the fourth quarter of the year perhaps the bull run can last for a month or two. The only issue we are seeing right now on the market only the bitcoin price is growing and none among the top altcoins.
I don't think this is the start of a bull run or a sign of bear market. Rather, this is a normal pump, which we have been seeing every week in a month! But you are right that this market is very good for short time investment and profit is confirmed at this price. There is a chance for Bitcoin to hit a good pump in this month, I can't avoid that possibility too.
Sorry to say for many speculators but the sudden rise of bitcoin price was only considered a false alarm, but not to the real side of bitcoin. Many of us believed that bull run came, but it was only for a temporary situation. People didn't catch the trap, that's why we seem to notice that the market declined so fast in middle of September until present, and now it was struggling to recover even under $9000.
i think prices can rise to 9000 per btc . for give market some support and for avoid big fall in prices
half of the correction is over ,maybe 7700 per btc can be a good wall .support must be provided to pay prices above 8,500 per btc at least to return hope and keep fear away.there is no justification for selling at these low levels now
half of the correction is over ,maybe 7700 per btc can be a good wall .support must be provided to pay prices above 8,500 per btc at least to return hope and keep fear away.there is no justification for selling at these low levels now
Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.
Kindly share your valuable thoughts.
If we do not push the price to up again it will result to another down trend. But, do you already see that bitcoin step up again in 8000$ unlike few days ago where I check it the price is around 7800$ to 7900$. Everytime the candle in the chart might change that's why I do not have any idea if there will up trend or down trend. But, still we hoping that up trend will be in end of this year. Kindly share your valuable thoughts.
I don't think this is the start of a bull run or a sign of bear market. Rather, this is a normal pump, which we have been seeing every week in a month! But you are right that this market is very good for short time investment and profit is confirmed at this price. There is a chance for Bitcoin to hit a good pump in this month, I can't avoid that possibility too.
Here's an interesting pattern that Mic shared yesterday:
I don't like to be too reliant on these sorts of fractals, but it's certainly one example of how things could play out. The shorter MAs which broke down (200-day and 20-week) may not be in control. We may find out in time that the 200-week and 100-week are dominant.
The first pullback in a bull market (and I think that's what this is) can be frustrating because it's not clear yet that we're in a bull market at all. All these proclamations about the incoming bear market? People sounded exactly the same in early 2016. Only time will tell which side is correct. I'm still cautiously siding with the bulls and I believe we are on the cusp of another long term bull market.
at the start of bitcoin's last bullrun (2015) we established support at the 200W MA, rallied & then found support at the 100W MA before continuing on
here we are 4 years later, bitcoin has established support at the 200W MA, rallied & is attempting to find support at the 100W MA
https://twitter.com/cryptunez/status/1181271125034229765?s=20
here we are 4 years later, bitcoin has established support at the 200W MA, rallied & is attempting to find support at the 100W MA
https://twitter.com/cryptunez/status/1181271125034229765?s=20
I don't like to be too reliant on these sorts of fractals, but it's certainly one example of how things could play out. The shorter MAs which broke down (200-day and 20-week) may not be in control. We may find out in time that the 200-week and 100-week are dominant.
The first pullback in a bull market (and I think that's what this is) can be frustrating because it's not clear yet that we're in a bull market at all. All these proclamations about the incoming bear market? People sounded exactly the same in early 2016. Only time will tell which side is correct. I'm still cautiously siding with the bulls and I believe we are on the cusp of another long term bull market.
Maybe pump before bear market. Not bear market actually, pump before that big people will make people panic when they want price to be dumped. Halving almost come and i believe they wouldn't that easy only hold bitcoin and do nothing. Usually they want to accumulate more so they can get maximum profit when halving come.
Holding wasn't mean forever, it somehow we need to utilize each and every fluctuations may appears. As thinking of the upcoming halving event is really a big hopes of everyone but not really sure if this will rally a huge market pumps or stay the same.
Jump to: