Topic: Bitcoin bull run or just a pump before bear market ? - page 2. (Read 562 times)
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.
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Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.
We can hope that. It is interesting to follow the bitcoin price journey as we will see if the price suddenly drops or not in the next few months. I think that will make our heart will beat faster when we see the price make another correction before it increases. Bitcoin price now is stable for a while, and it seems, the price is at the sideway mode so that everything can happen later. With $81xx at the market, the price seems not moving fast, and I think the trader is still waiting for the next thing that might happen. If the next thing the price increases, then there will be many demands in the market that will give a chance for the price to increase.
The time for this question is when we are close to 10k because I think that is quite likely within the range of this question.
Here we are trying to break upwards and passing a few short term averages:
The blue line is just a simple 2 day average and the yellow an 8 day which for consistency I just come back to refer to and check for strength. I think we are due a gain if we can hold this position consistently, however the constant grey cloud over head is the presence of the 200 day at about $8500.
I dont take moving averages as solid walls just an indicator, however it can act as some support and resistance in times where we waver like this.
Here we are trying to break upwards and passing a few short term averages:
The blue line is just a simple 2 day average and the yellow an 8 day which for consistency I just come back to refer to and check for strength. I think we are due a gain if we can hold this position consistently, however the constant grey cloud over head is the presence of the 200 day at about $8500.
I dont take moving averages as solid walls just an indicator, however it can act as some support and resistance in times where we waver like this.
I have my strong rules about bear market.Any weekly close below WMA 114 currently on 7450$ i will consider like a bear market.That time i will expect bitcoin price to fail even to 5500$-6000$
We are staying at 8000K quite long time already .A little frustrating but it is as it is .Longer accumulation strongest rebound will be
We are staying at 8000K quite long time already .A little frustrating but it is as it is .Longer accumulation strongest rebound will be
Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.
Probably there were a bull run right after the halving but that is just way too far to think yet. But I'm sure there will be a bull run but I don't know yet if how much the price would stay in its new ATH by next year. I don't know how many weeks before the bearish market starts once the bullish trend hit the table. 
for now it is still in sideways mode because we were in a sideways mode then the unexpected dump happened and everyone panicked. now they are again out of panic mode and waiting for the price to go above their desired target (which is probably at $9k) before they jump back in. meanwhile most of them are placing buy orders at the big support at around $8k to test their luck.
soon we will see the bull market start with a bang as the panic buyers start buying back in.
This kind of situation has happened from a few days ago and it keeps repeating, unexpected increases and decreases in the current trend. This situation will be very bad if the bear market will return, if the temporary pump occurs before the bear market I think it is better than the downward trend until the bear market dominates again until the end of the year. soon we will see the bull market start with a bang as the panic buyers start buying back in.
Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.
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.
It is too early to tell, the price of bitcoin for a short while went below 8000 and it has recovered somewhat but it is still very close to it and the downward movement could continue during the next weeks, to me this is the time to just sit and wait, I know this is not very exciting but the market could take any direction and trying to determine which will be is nothing more than guessing, it is better to try not to make any huge trade because if you are wrong then you could suffer losses from which it will be difficult to recover. Kindly share your valuable thoughts.
There is nothing happening right now with bitcoin, and it seems to be stagnating in a range very much like it was when it was in the $10,000s. There is no bull or bear market, just a holding pattern.
Something is happening. Bitcoin is slowly bleeding out, losing a few percent every week. We used to be above 10k in August, then at 9k for most of the September, fell to 8,5k, now we're struggling to stay above 8k. It's not great and everything seems to be pointing out to a short bullish scenario at 14k followed by another short bearish scenario back to 6k. It would still be a healthy growth but short term I'm bearish. Long term we should be above 20k next year after the halving, maybe a new ATH in Winter 2020?
There is nothing happening right now with bitcoin, and it seems to be stagnating in a range very much like it was when it was in the $10,000s. There is no bull or bear market, just a holding pattern.
This is not really a "pump" is it?
No its not, and that word is overused in my opinion. Users on the forum tend to be like 'monkey see, monkey do' when they write posts and sometimes it makes no sense whatever. Op's post doesn't even gibe with what he wrote in his post. 
This is not really a "pump" is it? I mean it moves between same numbers all the time and it doesn't change too much, we have seen 8.2k before and we have seen 7.7k before, it could very well drop the 7.7k next and then it will go up to 8.2k again, both of those happened before and will probably happen again.
It is the bigger movements we should be looking for, if the price goes above 8.5k then we are in a big movement, if it is under 7.5k then we are in a bigger movement again, if it doesn't do any of that then price is just simply moving up and down between same numbers for traders to make some more money and thats it. Until that time we should not be getting excited or sad about any movements. Just focus on bigger movements that we can do something about then these small ones.
It is the bigger movements we should be looking for, if the price goes above 8.5k then we are in a big movement, if it is under 7.5k then we are in a bigger movement again, if it doesn't do any of that then price is just simply moving up and down between same numbers for traders to make some more money and thats it. Until that time we should not be getting excited or sad about any movements. Just focus on bigger movements that we can do something about then these small ones.
Pump before the bears definitely. As we have seen recently this year we got lots of short-term pumps and dumps. we normally get the market bull run in the fourth quarter but I don't think this one is a bull run rather pump before the bears
Any price spike then decline can be stated as pump before the bears. It can take for more than a year of uptrend or longer than that then when it decline, it can still be called a pump before the bear, it is too general statement.
Anyway, at the current price, I don't see any pump here, Bitcoin had been fluctuating within these range for some days now, so it can be considered a sideway, not pump or something. I always wanted Bitcoin to have an uptrend rally and it seems some analyst have shown some good news. From trading view..
BITCOIN price made breakout Downward Channel
Important Notes:
Quote
Direction: Long
Reasons for it:
- Price made breakout Downward Channel
- After pullback we can open position
- 1st resistance 8310 $; 2nd resistance 8440 $
Reasons for it:
- Price made breakout Downward Channel
- After pullback we can open position
- 1st resistance 8310 $; 2nd resistance 8440 $
If Bitcoin break this two resistance, then we can see another Bitcoin rally upward to $10k and eventually $16k as stated on this prediction:
https://cryptopotato.com/the-anonymous-analyst-hits-again-with-julys-bitcoin-price-next-target-16k-in-october/
I think we're not in a bull-run right now. In 2017 every quarter bitcoin was up to average 20%+. This year we're not going up consistently. We went up to $13k and then got down to $7700 which is almost 50% of bitcoin's value. There are less than 5M coins in the market so I think some agency or company is accumulating Bitcoin that's why we're seeing the small pumps. I can't say that we're in a bear market. Price is up over 100% in the last 4 months so in a bear market we don't see the price going up that much.
We should care less about the price or being a bear market. We should start using Bitcoin in our daily life & take it as a long term investment option. With this supply & security, We will see a better price & market movement in the future.
We should care less about the price or being a bear market. We should start using Bitcoin in our daily life & take it as a long term investment option. With this supply & security, We will see a better price & market movement in the future.
for now it is still in sideways mode because we were in a sideways mode then the unexpected dump happened and everyone panicked. now they are again out of panic mode and waiting for the price to go above their desired target (which is probably at $9k) before they jump back in. meanwhile most of them are placing buy orders at the big support at around $8k to test their luck.
soon we will see the bull market start with a bang as the panic buyers start buying back in.
soon we will see the bull market start with a bang as the panic buyers start buying back in.
bitcoin can be beneficial and can also be detrimental, if you understand that every time there is an increase in bitcoin there will be time to make corrections, and vice versa now bitcoin is only increasing because there is a dump that happened before.
October used to be a good month for Bitcoin. Through the history, Bitcoin had in October either small growth, either the start of a bull run or FOMO bubble.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
Yes even I vouch for bull run over bearish market but last year it was the other way around wherein everyone were waiting for bullrun especially those who missed to buy btc during initial stage did invested in btc by mid of 2018 but that didn't work. Let's hope this year we can expect some progress.
Indeed, the increase in October did not fully rise, the price is still $ 8300 and maybe in mid-October it could reach $ 8500 but I think it is right to buy BTC because prices are still low and bitcoin will grow by the end of the year.
October used to be a good month for Bitcoin. Through the history, Bitcoin had in October either small growth, either the start of a bull run or FOMO bubble.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
Yes even I vouch for bull run over bearish market but last year it was the other way around wherein everyone were waiting for bullrun especially those who missed to buy btc during initial stage did invested in btc by mid of 2018 but that didn't work. Let's hope this year we can expect some progress.
Indeed, the increase in October did not fully rise, the price is still $ 8300 and maybe in mid-October it could reach $ 8500 but I think it is right to buy BTC because prices are still low and bitcoin will grow by the end of the year.
Possible to happen and maybe even more but we surely still experience a frequent dump since there's no strong foundation that can hold the bitcoins price to soar, but on first or second quarter next year a huge possibilities that we can see another huge bull run just like what happen on year 2017 since halving will occur on the said year. And I'm so hopeful to see that since the bear market rally is long and hopefully the halving will bring a positive result.
October used to be a good month for Bitcoin. Through the history, Bitcoin had in October either small growth, either the start of a bull run or FOMO bubble.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
Yes even I vouch for bull run over bearish market but last year it was the other way around wherein everyone were waiting for bullrun especially those who missed to buy btc during initial stage did invested in btc by mid of 2018 but that didn't work. Let's hope this year we can expect some progress.
Indeed, the increase in October did not fully rise, the price is still $ 8300 and maybe in mid-October it could reach $ 8500 but I think it is right to buy BTC because prices are still low and bitcoin will grow by the end of the year.
October used to be a good month for Bitcoin. Through the history, Bitcoin had in October either small growth, either the start of a bull run or FOMO bubble.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
Yes even I vouch for bull run over bearish market but last year it was the other way around wherein everyone were waiting for bullrun especially those who missed to buy btc during initial stage did invested in btc by mid of 2018 but that didn't work. Let's hope this year we can expect some progress.
October used to be a good month for Bitcoin. Through the history, Bitcoin had in October either small growth, either the start of a bull run or FOMO bubble.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.
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