Topic: Bull trap? or Bull run BTC breaks $8000 - page 3. (Read 412 times)
It doesn't look like a bull trap to me. Right now the price of Bitcoin is really close to 8200$, and it doesn't look like it will stop from growing soon. It's very possible that it will touch 8500$ in the next days.
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.
It's not a bull run. What we're seeing today (or for the past few weeks) is a combination of several factors: bulls trying to trigger a new bull run, people going from alts to btc, bearish sentimet hsa cooled down, increase of bullish sentiment, a bit of FOMO, etc etc. And I doubt this is a bull trap, I think we went past that point when we broke the 7500 resistance level.About whether to buy or not, well, look at the price right now, 8100. Jump on the bandwagon or wait for a pullback in the price.
It's very difficult to anticipate market now because of bitcoin ETF.
the Bitcoin ETF hasn't been approved yet. 
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.
Mostly, I think after seven months of crashing and slumps, people will take any news as hope.
This can be a good and bad thing as it can jumpstart confidence in the market again which can grow into a full on bull run.
Of course, it can also be bad because it can easily lose steem quickly, then people lose confidence, start hodling again, and it crashes.
Me, personally, I feel like this is the gradual start of our next bull run that will culminate around october or so.
Crypto isn't dead by a long shot.
Btc especially has got one or two more crazy bull runs ahead.
The timing is really right and things are looking to be pretty crazy in the next couple months.
Mostly, I think after seven months of crashing and slumps, people will take any news as hope.
This can be a good and bad thing as it can jumpstart confidence in the market again which can grow into a full on bull run.
Of course, it can also be bad because it can easily lose steem quickly, then people lose confidence, start hodling again, and it crashes.
Me, personally, I feel like this is the gradual start of our next bull run that will culminate around october or so.
Crypto isn't dead by a long shot.
Btc especially has got one or two more crazy bull runs ahead.
The timing is really right and things are looking to be pretty crazy in the next couple months.
My congratulations to all crypto-enthusiasts - today we was pleased that after the bitcoin, all altcoins finally began to grow! Let this bull race will last very long !!!
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.
I think that you should try to make a comparison between the last year ETF (winklevoss) with the next ETF. I will expect the same thing will be happened with bitcoin. after ETF and there will be a slightly decrease to the bitcoin price. I have bought more than 10 bitcoin when it was around 5800 and try to sell some at ETF announcement date
I think this is probably because etfs give people a lot of confidence, so many people choose to buy bitcoin again.
So I think that's the fundamental sign of a bull market.
So I think that's the fundamental sign of a bull market.
You're right its really hard to tell. Bitcoin already broke 8100, I do believe that there are some FOMO happening at this time but if ETF is approved. It is going to get higher. In my opinion , Im also going to ride the waves until maybe 9k or 10k.
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.
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