Bitcoin Price Bounces Back Above $8200, Are Bulls Finally Here? - page 2.

Youghoor

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Quote from: Pepz79 on October 23, 2019, 03:51:00 PM

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

This is just the beginning of the bull run of Bitcoin. The price of Bitcoin will be hitting $12k in the first week of November and gradually move back to $20k just like in 2017. But 2020 will be the year the market value of bitcoin will never drop below $8k.

Kemarit

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Quote from: GMoore87 on October 24, 2019, 09:09:52 AM

$7475 currently.
Can plummet to $6K

Yeah, but the price goes to $8600 in the last 24 hours. So I guess we have to wait for your $6000 scenario so that we can buy and stash more BTC in our wallet. Grin

. Good to see though that we have a tremendous recovery today. But I think we are going to trade on a sideways pattern and going to repeat itself until we make a break out run until the end of the month. So let's see how it goes, the CME's future expiration today has something to do with the sudden boost, but that's just my speculation.

chaoscoinz

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Quote from: Pepz79 on October 23, 2019, 03:51:00 PM

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

I still feel that it may be too soon to say exactly, just because the market makes a slight recovery, doesn't necessarily mean we're back on the bull run. I think that regulatory scrutiny over libra and the recent rejections over a few ETF proposals have caused the trust to slip and the market is effected by it.
Their is no choice now but to try and remain optimistic while we wait and see.

GMoore87

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$7475 currently.
Can plummet to $6K

darkangel11

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Quote from: imstillthebest on October 24, 2019, 04:14:17 AM

Quote from: darkangel11 on October 24, 2019, 04:05:17 AM

Quote from: angrybirdy on October 23, 2019, 10:35:11 PM

We are still far before the bull run will come.
The current situation of the market is not really good, and the bitcoin price might dump lower than we anticipated. The bull run will not happen over a small pump, and it will take more time because of the sudden dump that happen in the market right now.

I don't know whay you're so pessimistic. We were in a bull run for the last 6 months!
A bull run doesn't have to take us to a new ATH. When a tradable asset keeps going up for a month or 2 and ends up with a 300% profit how are you going to call it? A pump? A pump is something that lasts a few hours or a day not months.

for me its not a bull run . the prices were too low for me to call it a a bull run but i will only say that its a bull run once btc return on the 15k+ level . i dont know to some because other have thier own preference of a bull run . bull run does depend on every person . pump can also be refer to as a bull run .

This could be because you've never traded other assets. Cryptocurrencies are extremely volatile and taught investors to disregard something like a 20% run up. In a traditional market or forex a 10% run would be big.. You've just experienced a 300% bull run to 14k USD, followed by a 45% correction and think it wasn't something big. It was!

If we were to follow a typical bitcoin pattern we'd go up by at least 500% and then correct 80-90% down. That would take us somewhere around 5000 dollars but this wasn't a 500% run so we cannot compare.

error08

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Quote from: jootn2kx on October 24, 2019, 06:21:00 AM

Quote from: Pepz79 on October 23, 2019, 03:51:00 PM

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

This didn't age well. The price is barely holding on at $7.500 now. But, that's what the price does. There are no real ways to predict where it will go next.

What do you mean "didn't age well"? Extremely ambiguous.
Bitcoin in bear phase right now, probably testing the new resistance level or continue to decline.
There are a lot of TAs predict bitcoin will drop to $7000 since last month, here we are.
Nevertheless, it should be just a temporary before bitcoin rebound to $8000 level due to we're approaching the end of the year and halving.

Capt00

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I think it is too early to say the bulls are coming because the price is still showing bears, yes there might be an upward trend of but I think it will still in bearish trend even in the early 2020. I know we’ve been waiting for the bulls and it showed quite a bullish trend in the past months but we shouldn’t think right away that its bullish after few pumps to avoid disappointments.

DabsPoorVersion

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Quote from: Genemind on October 24, 2019, 07:51:06 AM

I don't think we're on the bull run phase because I see the market status as normal and usual. There's just a small pump so we can't consider it as a bull run. However, there are speculations that the price of BTC could stike higher until the beginning of 2020. Let's only conclude that the bull run is there if we're already reaching a good price.

We are still below $8k and yes, we are still unable to tell the next bull run.It is still unknown since no one can actually predict the outcome of its price, we do hope that in the early 2020 bull run will really come, we are all hoping to see another ATH not only for bitcoin but also in other cryptocurrencies.

Genemind

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I don't think we're on the bull run phase because I see the market status as normal and usual. There's just a small pump so we can't consider it as a bull run. However, there are speculations that the price of BTC could stike higher until the beginning of 2020. Let's only conclude that the bull run is there if we're already reaching a good price.

Upgate

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Indeed we would love it to become a bull run for facing reality that is just wishes. At this very time bitcoin price is dangling with 7450$ price value so this said the bull run is a bit far from bitcoin's reach

airdnasxela

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Bitcoin is volatile. It does not mean that when it increases, we can say that it's already bull. It doesn't even loook like a bull run. We can't always say it's bull just because the price suddenly increase. It's doesn't even pump that much.

jootn2kx

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Quote from: Pepz79 on October 23, 2019, 03:51:00 PM

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

This didn't age well. The price is barely holding on at $7.500 now. But, that's what the price does. There are no real ways to predict where it will go next.

Diirtmaan

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Quote from: Pepz79 on October 23, 2019, 03:51:00 PM

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

Unfortunately, I doubt that the bulls are here. There are no prerequisites for the restoration of Bitcoin, it stands still and the price goes in waves

adeandro

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Unfortunately the price fell again. Why do you think the price is so unstable?

shark1006

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Quote from: Pepz79 on October 23, 2019, 03:51:00 PM

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

I think such jumps are short-lived. This reminds me of the situation of last year when Bitcoin was like a roller coaster making jumps by 6-8% and then at one point fell to $5000 at one day. In my opinion it can happen again

imstillthebest

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Quote from: darkangel11 on October 24, 2019, 04:05:17 AM

Quote from: angrybirdy on October 23, 2019, 10:35:11 PM

We are still far before the bull run will come.
The current situation of the market is not really good, and the bitcoin price might dump lower than we anticipated. The bull run will not happen over a small pump, and it will take more time because of the sudden dump that happen in the market right now.

I don't know whay you're so pessimistic. We were in a bull run for the last 6 months!
A bull run doesn't have to take us to a new ATH. When a tradable asset keeps going up for a month or 2 and ends up with a 300% profit how are you going to call it? A pump? A pump is something that lasts a few hours or a day not months.

for me its not a bull run . the prices were too low for me to call it a a bull run but i will only say that its a bull run once btc return on the 15k+ level . i dont know to some because other have thier own preference of a bull run . bull run does depend on every person . pump can also be refer to as a bull run .

darkangel11

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Don't let others control your BTC -> self custody

Quote from: angrybirdy on October 23, 2019, 10:35:11 PM

We are still far before the bull run will come.
The current situation of the market is not really good, and the bitcoin price might dump lower than we anticipated. The bull run will not happen over a small pump, and it will take more time because of the sudden dump that happen in the market right now.

I don't know whay you're so pessimistic. We were in a bull run for the last 6 months!
A bull run doesn't have to take us to a new ATH. When a tradable asset keeps going up for a month or 2 and ends up with a 300% profit how are you going to call it? A pump? A pump is something that lasts a few hours or a day not months.

jarhed

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Quote from: serjent05 on October 24, 2019, 02:03:55 AM

It's sad that Bitcoin market cannot sustain the $8000 support, OP had gotten a false hope of bulls coming back but instead that was a bull trap. So basically, we are still on a bear market and some analyst stated that bottom will possibly be seen on December : https://www.tradingview.com/chart/BTCUSD/izJdUZVG-BITCOIN-Bottom-in-December-See-this-scary-coincidence/

I also thought that we could stand 8000, but there is also a backlash. I think that we definitely must hold 7000. I left a buy order there. but I also plan to buy at 7500.

serjent05

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It's sad that Bitcoin market cannot sustain the $8000 support, OP had gotten a false hope of bulls coming back but instead that was a bull trap. So basically, we are still on a bear market and some analyst stated that bottom will possibly be seen on December : https://www.tradingview.com/chart/BTCUSD/izJdUZVG-BITCOIN-Bottom-in-December-See-this-scary-coincidence/

bedroid

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Quote from: xiboothrezi on October 24, 2019, 01:32:12 AM

bitcoin is currently declining, some traders I know have speculated that the worst possibility could go down to the level of 7000 $. From the article pinned OP, there is support reaching 4.5%, hopefully this can be a bounce to reach the level of 8000 $ again. But somehow it feels difficult, there is no power strong enough so far.

Quote from: asus09 on October 23, 2019, 10:40:33 PM

Can't back to higher price for bitcoin on this year, look how drop bitcoin price today and raised with $7500. I don't know what happen with bitcoin and why price very dump, without negative issues for bitcoin but price very drop. Now we are only focus for waiting just several days later, will bitcoin come back to higher price or bitcoin will be drop very low.

It is quite ironic this time of decline, but we must remain optimistic. Stay on the safe track, let's just look at the positive side, if you dare to take risks, this is the right time to collect more coins for the long term.

I don't know what to think anymore. I thought Bitcoin was going to blast off a couple of months ago and so far it has done the exact opposite. I stopped trading crypto. I watched it every day before. Now I check the price of BTC about twice a week ... I hope for you hodl'rs it still has a fight back.

I wouldn't mind trading again either but there needs to be more volatility for me to enter trading positions. Good Luck!

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