Crypto Market begins to spike to 7,400$ possible breakout until 10,000$

dothebeats

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Cashback 15%

Quote from: Traderbtcc on July 19, 2018, 12:02:12 PM

It's still unclear whether or not that's a bull flag. If I remember correctly Bitcoin did shoot >$7200 sometime in May/June in like 30 minutes and we all thought We're in the bull run. Well everyone know how that down out. First, a drop below $7000 followed by another dip to $6500 and afterwards $6250. I would like a more organic increase in price with better volumes and stronger support.

It has happened twice before this recent crash to $5700-$5800 so it might be that the same thing would happen come the decision about the ETF. After seeing the price climb back to $7k at ease, I immediately thought about what happened back in May. The price even crossed $9k for some time only to crash down hard @ $5700-$5800. This recent rise increased the confidence of people/investors toward bitcoin, but that's not enough to make another push just like what happened in 2017. I just hope that this rise won't lose steam or don't slid back below $7k and just hold wherever it is right now to have a better baseline if we are to take yet another run towards higher highs.

Oceat

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Quote from: EscrowService28 on July 17, 2018, 10:16:22 PM

The crypto market surged billions of $ in just 30minutes timeframe. This is amazing, Check out the article below for reason. I've seen this kind of pump last year although I'm not into cryptocurrency yet during that time read a lots of price hike. As a newbie I can't say if this is the beginning of Bull market.

https://www.ccn.com/crypto-market-adds-20-billion-in-30-minutes-as-bitcoin-spikes-above-7400/

Not so fast really, i found this spike as a trap for a possibilities that more traders will try to buy and then suddenly would drop big in no time. I'd rather enjoy this possibilities as long as i can but my guess is this is not the right time yet to launch to $10,000 or even breaking that resistance.

It is more likely to happen in a couple of months or more before it could break the resistance.

dunfida

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Quote from: EscrowService28 on July 17, 2018, 10:16:22 PM

The crypto market surged billions of $ in just 30minutes timeframe. This is amazing, Check out the article below for reason. I've seen this kind of pump last year although I'm not into cryptocurrency yet during that time read a lots of price hike. As a newbie I can't say if this is the beginning of Bull market.

https://www.ccn.com/crypto-market-adds-20-billion-in-30-minutes-as-bitcoin-spikes-above-7400/

Not really a rare thing but as a newbie or just new into this market if you do see those funds coming in on a short matter of time then you would really be amaze but if you have been here for years then this situation wont really surprise you anymore because on cryptocurrency market this is just a usual stuff where big funds coming in and later on it would decrease a lot too. These simple price increase can be seen but not entirely a sure thing to indicate that this is already the start of the bull run.

bitterguy28

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Quote from: EscrowService28 on July 17, 2018, 10:16:22 PM

The crypto market surged billions of $ in just 30minutes timeframe. This is amazing, Check out the article below for reason. I've seen this kind of pump last year although I'm not into cryptocurrency yet during that time read a lots of price hike. As a newbie I can't say if this is the beginning of Bull market.

https://www.ccn.com/crypto-market-adds-20-billion-in-30-minutes-as-bitcoin-spikes-above-7400/

Definitely that is sure i think the correction is over and the price start flying into the moon but stay calm and relax do not expect closely because we should the move of bitcoin as volatile are hard to predict so stay and wait the boom.

beverly788113

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Quote from: Shushale65 on July 22, 2018, 10:42:09 AM

Perhaps this sharp price increase is really the beginning of a larger bull trend, since this impulse is very different from all previous ones. But we can not make hasty conclusions, now we need to see how the market will react to this event and look for good entry points.

I believe that the price of bitcoin can completely increase to the $ 10000 mark in the coming time, you can see that the market is showing signs of a positive recovery when bitcoin and altcoin prices are also constantly rising. Now you can see that the bitcoin price has adjusted to $ 7300 and according to fibo, the bitcoin price may fall to $ 7100. I believe that this is the necessary adjustment to increase the bitcoin price in the coming time.

Shushale65

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Perhaps this sharp price increase is really the beginning of a larger bull trend, since this impulse is very different from all previous ones. But we can not make hasty conclusions, now we need to see how the market will react to this event and look for good entry points.

darkangel11

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Quote from: BrewMaster on July 19, 2018, 11:49:22 AM

Quote from: trumper on July 19, 2018, 09:41:42 AM

It id bullish rise but not will start a bull run like the one in 2017, it can easily go back to $6000 after going up to $10.000 or $12.000 .

if the trend is reversed and the rising starts (not just a jump to $12k in one day but a solid rise that takes longer) then the lows also increase meaning after rising back up to $8k if a drop happens it won't be down to previous low ($5700) it will instead be higher. then when $9k breaks the low will grow higher again and again...

in other words after reaching $12k since it is after the major resistance at $10k it will become nearly impossible to go back down to $6k

That's how it works, higher lows forma bullish pattern. There are many bullish pattern to look for starting from high breakout volumes, and ending with the long term trendline being broken. For now we have managed to break that sharp downward trendline that we were following since May 6 and come close to the long term bearish trendline that's right below 8k at the moment. If we break this one it's the moon again, or at least 10k.

Traderbtcc

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It's still unclear whether or not that's a bull flag. If I remember correctly Bitcoin did shoot >$7200 sometime in May/June in like 30 minutes and we all thought We're in the bull run. Well everyone know how that down out. First, a drop below $7000 followed by another dip to $6500 and afterwards $6250. I would like a more organic increase in price with better volumes and stronger support.

BrewMaster

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There is trouble abrewing

Quote from: trumper on July 19, 2018, 09:41:42 AM

It id bullish rise but not will start a bull run like the one in 2017, it can easily go back to $6000 after going up to $10.000 or $12.000 .

if the trend is reversed and the rising starts (not just a jump to $12k in one day but a solid rise that takes longer) then the lows also increase meaning after rising back up to $8k if a drop happens it won't be down to previous low ($5700) it will instead be higher. then when $9k breaks the low will grow higher again and again...

in other words after reaching $12k since it is after the major resistance at $10k it will become nearly impossible to go back down to $6k

newinbtc

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prediction proofs itself again today after price hike in july month. Due to us decision on crypto people bought btc today but result was negtive still btc standing at 7400$ as per https://coinmarketcap.com/currencies/bitcoin/

Records shows - 18 july btc was traded at 6,103,410,000 $ it is all time high in month.
total market cap increased from 115,602,000,000 $ to 125,491,000,000 $ in just one day.
6.79% of bitcoin trading volume come from binance website from btc/usdt pair which is itself crypto currency

Bitcoin is back Hold now and enjoy ride

vgk88

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If Bitcoin can rise to 10,000, then that's fine, but I'm afraid that we are waiting for a new paden of Bitcoin.

bachus

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Quote from: EscrowService28 on July 17, 2018, 10:16:22 PM

The crypto market surged billions of $ in just 30minutes timeframe. This is amazing, Check out the article below for reason. I've seen this kind of pump last year although I'm not into cryptocurrency yet during that time read a lots of price hike. As a newbie I can't say if this is the beginning of Bull market.

https://www.ccn.com/crypto-market-adds-20-billion-in-30-minutes-as-bitcoin-spikes-above-7400/

If bitcoin will go so high it would be awesome, but I think that after that we are possibly going down even more, whatever I cannot predict it as well as nobody can say for sure what will be happening next.

LogitechMouse

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The 20-30 Million money that came into the crypto just bought bitcoin only that is why when the price of Bitcoin spiked, many altcoins didn't rise too. In 1 hour chart of bitcoin, it is moving sideways at this moment. It maintained the 7300-7500 price. Now lets wait for it to do its next move. Will it retrace to around 7000 or it will spike again like it did days ago. One thing is for sure at this moment, we are in a bearish trend even this happens:).

trumper

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It id bullish rise but not will start a bull run like the one in 2017, it can easily go back to $6000 after going up to $10.000 or $12.000 .

coinwizard_

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The breakout will be sooner as there is a lot of positive news coming out these days. The only thing that can derail it is another hack on a major exchange. No more hax on coinrail or bithumb please, bitcoin back on an upwards trend moving to 10k this time

richjohn

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I have been keeping a watch. BTC was expected to touch $7800 before a correction. But price is unable to reach there and hs been hovering over $7300-$7550 with a little correction here and there. This shows that buyers have been exhausted but sellers are still not that strong to bring price back to below $7k. This shows that we are due for a breakout which will happen sooner or later.

mostkey

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With this rapid rise it's a big question that so many people are coming together to pump prices above $ 7000 the fear of getting stronger where the bullish market is getting saturated now, potentially going back out simultaneously, I just guessed it because it's a bit difficult to be trusted in the next few days, let's see if the bullish market will advance or bear to reappear, I would not be surprised that anything will happen in the next few days as it prepares to be more careful following the market flow for profit.

Idrisu

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Quote from: EscrowService28 on July 17, 2018, 10:16:22 PM

The crypto market surged billions of $ in just 30minutes timeframe. This is amazing, Check out the article below for reason. I've seen this kind of pump last year although I'm not into cryptocurrency yet during that time read a lots of price hike. As a newbie I can't say if this is the beginning of Bull market.

https://www.ccn.com/crypto-market-adds-20-billion-in-30-minutes-as-bitcoin-spikes-above-7400/

we cannot say this is the beginning of bull run because this market has its own mind and it always has it pattern but some time the pattern can be set aside because of the fundamental analysis or news. I am happy to see bitcoin recovering and hope this pump is genuine.

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: EscrowService28 on July 17, 2018, 10:16:22 PM

The crypto market surged billions of $ in just 30minutes timeframe. This is amazing, Check out the article below for reason. I've seen this kind of pump last year although I'm not into cryptocurrency yet during that time read a lots of price hike. As a newbie I can't say if this is the beginning of Bull market.

https://www.ccn.com/crypto-market-adds-20-billion-in-30-minutes-as-bitcoin-spikes-above-7400/

The price growth is very huge in the short time span but now it is again swinging in that range and many people says that this won't last long again it will fall back to $6000 range.SO it is early to say that is is the start of bull ru,maybe a quick trap from whales to make quick money.

maxreish

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There are tons of predictions from the other people. Some said it will just hit up to $8k only and then another huge bear moment will come. Your price speculation will also possible as we saw how history repeats itself in cryptocurrency. But then i believe it will not totally go up that far, thus, we will still experience some kind of ups and down.

Topic: Crypto Market begins to spike to 7,400$ possible breakout until 10,000$ (Read 272 times)