Topic: Bull trap? or Bull run BTC breaks $8000 (Read 437 times)
BTC from $8200 to $7900 really fast is it about the Winklevoss Twins Bitcoin ETF Application Rejected by SEC? this is what I'm saying last few days ago that this market is very difficult to anticipate, this question is running in my mind for almost a month now does Bitcoin really at the bottom? If $7800 - $8000 will last for a couple of weeks I will buy more Bitcoin Then.
I don't think this is a bull trap because we have some positive news that really bring more investors. Unlike the previous runs we had, it will just go up in like 2-3 days before we will see another dumps. But this time, FOMO is coming in, and probably most of them are selling alt coins for bitcoins now. So we will see when we are going to see an end to this run when the SEC gives its decision on Bitcoin ETF application by CBoE.
I don't think this is a bull trap either. I do believe the bear market is over. I've always thought that this bear market would be accelerated because of how many eyes are on the market now. Not only that, but many people are pushing for an ETF approval this year. Usually bear traps are only a few %, maybe 10%. But Bitcoin is up much more than that over the last two weeks or so.
I guess bull trap, a bull run starts silently...
I think bull run is stop silently the future journey of Bitcoin is good but current growth slowly stop know because all are expecting the good hype in market so this will move positive response in current market. Automatically some peoples are sell slowly it is affect the market. Bitcoin is a good growing Cryptocurrency but this year it was continuously volatile in market so bull run is possible on next year.
I don't think this is a bull trap because we have some positive news that really bring more investors. Unlike the previous runs we had, it will just go up in like 2-3 days before we will see another dumps. But this time, FOMO is coming in, and probably most of them are selling alt coins for bitcoins now. So we will see when we are going to see an end to this run when the SEC gives its decision on Bitcoin ETF application by CBoE.
I guess bull trap, a bull run starts silently...
Well, the ETF decision has been pushed to September, so it is still awhile to see if that will have any significant impact on the market.
Yes they extend it until September and I don't know now if this is good or bad for the market, can we see BTC hold $8000? or it will go back to $7000 again this market is very unpredictable now too many speculations.
Bull trap means a price increase dramatically but suddenly only a few hours before the price will return to the lowest price. However, seeing the rise in bitcoin prices after two days is different than usual. First, the price increase occurred at $ 6000- $ 7200, experienced a few hours of stability, but after that the price rose again to $ 8300 and still shows strong up. So, for me it's not bull trap, but bitcoin will be back on the bull market we can see later.
What do you think about this bull run right now? BTC recently breaks $8000, is it a bull trap or a real deal? FOMO?
i don't know what you mean by "real deal" but it is neither bull run nor bull trap. this is basically bitcoin going back to where it belongs after hitting the bottom last month. and when a rise happens like this there is always FOMO which contribute to that rise and make it bigger.Quote
people converting their Alts to BTC?
when you for example, go to Binance and dump an altcoin for bitcoin, the bitcoin price doesn't change! because it is not on BTC/USD market but instead on BTC/ALT market.Quote
I have many questions right now bought BTC from $7800 should I get out? or ride this wave, It's very difficult to anticipate market now because of bitcoin ETF.
it is difficult to anticipate because you got in way too late.what you should have done was to buy bitcoin when it was at the bottom around $6000-$6200 and was building up to rise or at least you should have bought when the rise began around $6500-$6800 not wait until last minute to get in after about a 30% rise.
Maybe just a sudden effect from the good news that we hear from Blackrock and etf related. I think we'll still be stuck and we will never go past the $10k but maybe in December we will. Let's just celebrate for now to brighten up our mood and change our miserable faces to become pleasant for once in a while.
Not a bull trap mate, because this is how the market play nowadays, which is it will gradually increasing after the fluctuation instead of constantly increasing . And in fact it's been how many times now and it still always happened, since as well when the value of bitcoin bounce back to the 6k after it fluctuate under.
i think this rise is not good ...Maybe it's a trap or something like that
i think we can see 3000 per btc in October
bitcoin price is completely unstructured
Not sure about your basis regarding to that certain price, bitcoin still trying to jumped much higher and the bull trend still got a good support, if more holders will support this movements and those good news followed by more updates and adoptions then we will surely welcome the bull and will seei think we can see 3000 per btc in October
bitcoin price is completely unstructured
more rise up from coming months till the year ends.
What do you think about this bull run right now? BTC recently breaks $8000, is it a bull trap or a real deal? FOMO? people converting their Alts to BTC? I have many questions right now bought BTC from $7800 should I get out? or ride this wave, It's very difficult to anticipate market now because of bitcoin ETF.
The market price today is now pumping again and this is a very good sign that the price of bitcoins is volatile and it was profitable at the same time so keep on holding your coins today and wait for the price to skyrocket.
i think this rise is not good ...Maybe it's a trap or something like that
i think we can see 3000 per btc in October
bitcoin price is completely unstructured
i think we can see 3000 per btc in October
bitcoin price is completely unstructured
Now the price is nearing the $8500 tag, and from my point of view it is not a bull trap. It looks like a pure growth without any manipulation due to the external market as well I see it an initial price pumping for the growth of bitcoin to reach predicted target for the end of the year.
Bitcoin already reached 8k dollars and I hope the price of the bitcoin become 10k dollars before end of this year and i think it is possible now because of the movement of the price.
I agree, it's a bull trap or a bull run, really it's difficult to assess. The continuation of the ascension after a long period of decline increases confidence in the market.
I think that the fall is over, and now bitcoin will stand for some time in place in the price. after that, it will begin to grow in price.
I think the btc ETF will really create some funny moves / speculations in the market and people might really be at cross road whether to hold or dump. But an approval will be a win for the whole cryptocurrency market and the opposite might just spell a doom that would lead to a massive sell out as a whole.
This may be a warm up. A slight increase in price is momentum building up. But a dip may occur in August as history would show. But then, we know what happens after that right? The bulls will break free and they may go on not just a run, but a rampage...in a good way that is! We are expecting good things to happen within the coming months so we should check on our game plan if we are trully prepared.
I believe about that the dip should be opccured in the next month consider if ETF gets rejected and there will be anothjer correction for bitcoin in the next month. The game will be started after the ETF decision and then we will see what will be gonna happen to the bitcoin and will it create another momentum or not? Jump to: