Topic: Bitcoin Gradually Increased in Price in September, Case for a Bull Run in 2018 - page 3. (Read 617 times)
October 08, 2018, 01:53:40 PM
Not really a bull run, just minor movements hovering around the $7k area. This limited volatility is good for bitcoin so there is nothing to worry about if there is no bull run just yet, it means there is a better chance for the ETF
October 07, 2018, 08:28:46 AM
The media just keeps creating hype out of thin air, just look at the headline with the word "Bull run". And how can you call $6,100 to $6,550 a recovery when we've the price has been fluctuating in those levels for months? If anything it's just a really smal increase (like 4%?) that doesn't merit any type of discussion as we see those price movements in the market all the time. I would call it a gradual recovery when we break through the 7k levels.
All in all, everyone in the cryptoshere should lower their expectations, chances to see another bull run are very low right now, no matter how unpredictable this market can be.
All in all, everyone in the cryptoshere should lower their expectations, chances to see another bull run are very low right now, no matter how unpredictable this market can be.
October 07, 2018, 07:16:57 AM
The mind believes what it wants to believe. It kinds like how they write "In god we trust" when all the troubles are going on into their lives. But when it comes to crypto, the mind can sometimes bend the graft and its moving averages to make it look there is an uptrend when in fact the spike up is focused in just an hour of bullish yet the 24hours is all bears.
October 07, 2018, 05:48:55 AM
In my observation, I think there is no significant sign of btc to make a bullish market as this is still stagnant within the $6.5 level where I believe correction might have just a longer time to make a change in the market scene. If btc could start to make a pump with a difference of $1K within the next month, that could be a start of the bullish market that everyone is expecting.
October 07, 2018, 03:17:51 AM
Instead of looking at the news, look at the charts. September started with a big dump (Sep 5) from some 7400 to some 6300. Since then the market tried some sort of ultra slow recovery, but we are far from anything significant.
An average "rise" from 6300 to 6500 (6600?) in a month, after such a drop, is not really a joy and it's certainly far from calling it a bull run.
An average "rise" from 6300 to 6500 (6600?) in a month, after such a drop, is not really a joy and it's certainly far from calling it a bull run.
the important thing to look at is the size of the rise not the numbers. of course when you say rise to six thousand and six hundred dollars it seems like a huge number and a huge rise but if you look at the size of it you can see that it was a tiny 4-5% rise.
October 07, 2018, 02:32:25 AM
Instead of looking at the news, look at the charts. September started with a big dump (Sep 5) from some 7400 to some 6300. Since then the market tried some sort of ultra slow recovery, but we are far from anything significant.
An average "rise" from 6300 to 6500 (6600?) in a month, after such a drop, is not really a joy and it's certainly far from calling it a bull run.
An average "rise" from 6300 to 6500 (6600?) in a month, after such a drop, is not really a joy and it's certainly far from calling it a bull run.
October 07, 2018, 02:04:24 AM
someone needs to tell "ccn.com" that they shouldn't try so hard to publish news about bitcoin price when the things they publish are this weird and nonsensical. the funnier thing is there is another article by them calling the same rise "unexpected" in other words they don't even have consistency 
it is not a gradual rise or recovery at all when price keeps meeting the same upper and lower price levels at $7k and $6k respectively. it is called fluctuating between these prices. this may be considered a signal for an upcoming rise close by but only because this seems like an accumulation phase not because it went up 1% but still is below the resistance line.
it is not a gradual rise or recovery at all when price keeps meeting the same upper and lower price levels at $7k and $6k respectively. it is called fluctuating between these prices. this may be considered a signal for an upcoming rise close by but only because this seems like an accumulation phase not because it went up 1% but still is below the resistance line.
October 07, 2018, 01:21:49 AM
Bitcoin Gradually Increased in Price in September, Case for a Bull Run in 2018
Since early September, the price of Bitcoin has gradually increased from $6,100 to $6,550, testing the $6,800 resistance level on two occasions.
Bitcoin experienced four dips in its price in the past 30 days and every consecutive drop in the price of the asset stabilized in a higher region than its previous decline in value.
On Sept. 9, the price of Bitcoin dropped to around $6,100 during its first fall in the month. On Sept. 16, a week after the initial drop followed by a corrective rally, the price of Bitcoin dropped to $6,250, at a higher point than its previous drop at $6,100.
On Sept. 26, around 10 days after the second dip, the price of BTC dropped to $6,400, $150 higher than the region BTC fell to on Sept. 16. On Oct. 4, it’s latest minor drop in price, Bitcoin dropped to the higher region of $6,400.
Is Bitcoin Undergoing a Gradual Recovery?
Given that Bitcoin has seen the $6,000 support level strengthen and the momentum of the asset at the $6,550 mark intensify, it is entirely likely that the asset will continue to engage in a gradual recovery throughout October.
A rapid increase in price from $6,000 to a higher region like $7,000 and $8,000 in the short-term, similar to its movement from $6,800 to $8,000 earlier this year, is not likely due to the decline in its volume.
On October 6, CCN reported that the volume of Bitcoin fell from $4 billion to $3.2 billion on Coinmarketcap and from $2.6 billion to $2 billion on ShapeShift’s CoinCap.io, suggesting that an exponential increase in price of Bitcoin is not in play in the short-term.
https://www.ccn.com/bitcoin-gradually-increased-in-price-in-october-case-of-a-bull-run-in-2018/
Since early September, the price of Bitcoin has gradually increased from $6,100 to $6,550, testing the $6,800 resistance level on two occasions.
Bitcoin experienced four dips in its price in the past 30 days and every consecutive drop in the price of the asset stabilized in a higher region than its previous decline in value.
On Sept. 9, the price of Bitcoin dropped to around $6,100 during its first fall in the month. On Sept. 16, a week after the initial drop followed by a corrective rally, the price of Bitcoin dropped to $6,250, at a higher point than its previous drop at $6,100.
On Sept. 26, around 10 days after the second dip, the price of BTC dropped to $6,400, $150 higher than the region BTC fell to on Sept. 16. On Oct. 4, it’s latest minor drop in price, Bitcoin dropped to the higher region of $6,400.
Is Bitcoin Undergoing a Gradual Recovery?
Given that Bitcoin has seen the $6,000 support level strengthen and the momentum of the asset at the $6,550 mark intensify, it is entirely likely that the asset will continue to engage in a gradual recovery throughout October.
A rapid increase in price from $6,000 to a higher region like $7,000 and $8,000 in the short-term, similar to its movement from $6,800 to $8,000 earlier this year, is not likely due to the decline in its volume.
On October 6, CCN reported that the volume of Bitcoin fell from $4 billion to $3.2 billion on Coinmarketcap and from $2.6 billion to $2 billion on ShapeShift’s CoinCap.io, suggesting that an exponential increase in price of Bitcoin is not in play in the short-term.
https://www.ccn.com/bitcoin-gradually-increased-in-price-in-october-case-of-a-bull-run-in-2018/
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