Topic: Crypto Bull Run!!! - page 11. (Read 26282 times)

Nothing to think except to just monitor the trend to know if it is indeed a trap or not. I would not be surprised though considering the way market has been in the past. However, for now Bitcoin has been  past $7k nd has closed few days above it which is good enough and could usher in more growth towards $7.5k to $8k which is actually the main point we are waiting to see how it goes from there.

The altcoins are looking more like they want to move, but all this is still based on how Bitcoin itself fairs in coming days and weeks.

What looks to me like a bull run also appears like a bull trap, however studying the pattern of growth shows a gradual and consistent growth unlike what we have seen previously in the growth patterns, but I am of the opinion that if btc happens to get above $9000,then the obvious bull run has returned

I tend to believed that is not yet a bull run, although the price is moving up pretty nicely in that last couple of days, I see trading volumes still weak to say that this is a bull run. So I would not not want to jump into conclusions here because 90% I don't get it right. LMAO.

The thing with this market though is that is really fragile and volatile, when everyone is singing that we are in a bull run, suddenly something happened, like whales dumping bitcoins and taking profits or negative news cooling the market off. So let's see how it will turn out in the last couple of months so see whether we are out of the woods or the bearish sentiments will extend till the end of the year.

Same thing I was thinking. The 8k range is when things will start to look up tbh.

This looks like a bull trap if you look at the daily time frame you would see that we're still on a bear market and it looks like that this trend will continue trough the rest of the year. But it's normal 2017 was a hell of bull trend and of course after a bull a bear will come to maintain the balance for me the current price is still quite over priced compared to the normal price of bitcoin.

Right. As I have said in previous threads, this is a bullish pattern that we are seeing after trading sideways in 2nd-4th weeks of August. it blew past $7K and now above the $7200 mark. So its really exciting because all indications is  green, alts already suffering which means more money is moving to bitcoin market.

Perhaps a good run above $8K, but then again there's the looming ETF decision at the end of the month that might make a big difference in the price in the this last quarter of the year.

ARE WE ENTERING A CRYPTO BULL RUN?!
(Don't sleep on the poll, your opinions matter!)

For the first time in the last few months, people seem to be acting positively about the cryptocurrency market. This is because, in the last couple of days, the market has risen at a surprising rate. On August 27 the global market cap was $215 Billion, on August 29 it is worth $232 Billion. That is nearly an 8% rise. It has lead people to question whether we are experiencing a bull run and how investors should prepare for it. The Financial Times defines a bull run as simply a time when prices rise on a financial market, so by those terms, this could be considered one — however, the question now is about whether traders should be treating it as such. It is one thing to say that we are in a bull run, but it is another to change your trading habits to accommodate for one.


Bitcoin experienced two impressive jumps in price. One at the start of August 28 which brought it from $6,700 to $6,900, and another later in the day taking it from $6,900 to $7,000. This is in stark contrast to how Bitcoin was performing just one week ago.

The nature of Bitcoin’s rise has also brought other coins up. Ethereum, XRP, Litecoin, and most other cryptocurrencies are seeing the same bullish behavior. The fact that this rise in value is being experienced throughout most coins and tokens is certainly indicative of a bull run.


Out of the top 100 cryptocurrencies by market cap, there are only a handful of coins and tokens which are performing poorly, most of which are relatively unknown. Of the coins that are well-known, Nano is currently struggling to hold onto its gains from the previous days. WAVES is also stagnating in price (although at noon August 29 it has had a spike) and PIVX is moving negatively. On the note of PIVX, fans of the coin engaged in a debate with fans of its rival: Monero. You can find this debate on the cryptocurrency subreddit. While these coins are not doing their best right now, none of them are declining harshly.

Originally published on https://cryptodisrupt.com

Right. As I have said in previous threads, this is a bullish pattern that we are seeing after trading sideways in 2nd-4th weeks of August. it blew past $7K and now above the $7200 mark. So its really exciting because all indications is  green, alts already suffering which means more money is moving to bitcoin market.

Perhaps a good run above $8K, but then again there's the looming ETF decision at the end of the month that might make a big difference in the price in the this last quarter of the year.

It's already blown past 7,000 within the last couple of days...

No, of course not. I assume that the Bullish market runs if the Bitcoin price reaches around $ 10,000-$ 11,000. While for now, Bitcoin can only reach around $ 7,000. I am afraid it's just a trap, don't you think it?

No, of course not. I assume that the Bullish market runs if the Bitcoin price reaches around $ 10,000-$ 11,000. While for now, Bitcoin can only reach around $ 7,000. I am afraid it's just a trap, don't you think it?