Topic: Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge - page 3. (Read 932 times)
Bitcoin is in uptrend again after a short decline a day ago and compared to last year, the situation is more positive. The price of bitcoin managed to comeback after that bitfinex and usdt incident that brought down its price temporarily. This show that the bitcoin is now more resilence than before and can manage to overcome any FUDs and negative decelopments. But I believe that this sign will not lead to another ATH this year because it is still slow compared to the bullrun last 2017.
even though most of the indicators are showing positive with the new update from bitfinex and tether investigation we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump
You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD. We have no other way to go up to $6,000 Mark before the month ends.
I still have my concerns with Bitfinex. The exchange is saying that some of their funds were seized by the authorities. And this can mean that the users may find themselves at loss. In a related development, Stuart Hoegner of Tether yesterday admitted that only 74% of USDT is backed up by cash or equivalents. And this is what we had suspected for so long. On top of that, there is not much clarity on the alleged losses by Bitfinex. But with the passage of time, it looks ever more likely that Bitfinex suffered some huge losses with currency conversion and had to borrow a significant amount from Tether.
even though most of the indicators are showing positive with the new update from bitfinex and tether investigation we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump
You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD. We have no other way to go up to $6,000 Mark before the month ends.
The SEC has a huge market to protect, one that Bitcoin isn't worth entering
While I technically agree with the points made, I have to say that even if the Bitfinex and Tether problem gets resolved somehow (for example, there's no more either), this is unlikely to change the attitude the SEC had taken. It is just Bitcoin's decentralized nature that makes it not "worth entering" (whatever you may mean)
Gold is also decentralized but it is decentralized in a natural way, i.e. in a way which can't be changed or massively affected by humans (read, it is not susceptible to the whims as well as manipulations of certain individuals or groups with vested interests). So, in a sense, with Bitcoin there will always be a bitfinex
And that's the major problem with crypto
even though most of the indicators are showing positive with the new update from bitfinex and tether investigation we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump
Undoubtedly, there are well-founded bases to believe that the growth bitcoin has had in the month of April has not been due merely to speculative maneuvers, but that the fundamentals of bitcoin look healthy and consistent, so for several months ago it seemed obvious that bitcoin was very undervalued, and there already seemed to be a lot of upward pressure, which has been observed in a remarkable way this month to end.
If the cryptocurrency market would be bullish now, now we would not have seen its next drop in price. Bitcoin already reached $ 5,600 in price, after which it fell to about $ 5,250. Now he again, according to CoinMarketCap, has risen to 5300 dollars. Such a market is most likely the most common with a good uptrend. Most likely, it will continue to grow, but its growth will be slow.
An healthy bull does not rush in its growth, it will eventually attain its aim but will be a gradual growth till it reaches its ATH, you know that when a market gradually increase as it is, it would have dies down lots of tension in investors, as they would have gotten use to its price movement and its slow growth, so it would not be so easy for people to decide a dumping point.So being continually patient as we see the price slowly increase is what will give many investors the chance and opportunity to make profit in all their investments. The price of bitcoin might be stable this way for the next few weeks till Little bull decided to stair the market up.
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If the etf decisions get passed then I am pretty sure we are going to see a bitcoin that is way above 20 thousand dollars finally.
This is one of the game changer this year, but honestly, I am not counting on this anymore, it seems like i forget that we are still waiting for the SEC decision about the submitted applications. This has gone long and we never heard good news, and hopefully this year we will have a positive response, one approval and the rest will surely follow.
The market has taken enough distance from the initial hype around ETFs after the many delays and rejections, and I'm glad the price isn't reacting to this nonsense anymore.
It's clear that the SEC has a list of things it want to see happen first before they approve an ETF. Everything that's happening with Bitfinex and Tether make it even less likely for an ETF to be approved in the coming year or so.
I honestly can't even blame the SEC for being so strict. I as Bitcoiner consider the ecosystem to be unhealthy as it is right now. Too many unregulated exchanges and Tether that could potentially implode is a big no go.
The SEC has a huge market to protect, one that Bitcoin isn't worth entering.
If the etf decisions get passed then I am pretty sure we are going to see a bitcoin that is way above 20 thousand dollars finally. That is literally the way to get huge corporations like big banks JP Morgan or whatever into bitcoin much better, I am sure they are already doing some over the counter deals and keeping some for themselves and all that but making it legit and official for ETF would help us get to 20 thousand dollars and more super quickly.It's clear that the SEC has a list of things it want to see happen first before they approve an ETF. Everything that's happening with Bitfinex and Tether make it even less likely for an ETF to be approved in the coming year or so.
I honestly can't even blame the SEC for being so strict. I as Bitcoiner consider the ecosystem to be unhealthy as it is right now. Too many unregulated exchanges and Tether that could potentially implode is a big no go.
The SEC has a huge market to protect, one that Bitcoin isn't worth entering.
Moreover, it is still not known if it will be accepted or not, we have been waiting for it for over a year now and they keep postponing to another day constantly, I have some small hope in me but every time it gets pushed back I lose a bit of that hope and it starts to look like if it gets postponed once again than I will lose all my hope about it.
There are two ETF decision were scheduled on Q3 of 2019 so that also will play a huge role to bring the crazy bullish price movement on the bitcoin.
I don't think so. The market has taken enough distance from the initial hype around ETFs after the many delays and rejections, and I'm glad the price isn't reacting to this nonsense anymore.It's clear that the SEC has a list of things it want to see happen first before they approve an ETF. Everything that's happening with Bitfinex and Tether make it even less likely for an ETF to be approved in the coming year or so.
I honestly can't even blame the SEC for being so strict. I as Bitcoiner consider the ecosystem to be unhealthy as it is right now. Too many unregulated exchanges and Tether that could potentially implode is a big no go.
The SEC has a huge market to protect, one that Bitcoin isn't worth entering.
Bitcoin may receive a temporary boost, as users are rushing to convert their USDT to other crypto-currencies (primarily the BTC). This is evident from the Bitcoin dominance, which has risen to almost 55% now. Another factor that is influencing the prices is the bearish momentum affecting both BSV and BCH after the Craig S Wright drama. Ripple is also facing some issues. In general, none of the crypto-currencies apart from Bitcoin is looking to be in good health and this should propel BTC over the $5,500 per coin mark.
Yes this could be the next scenario in the next day's, Binance just move their 120M+ Tethers out of their wallet and this could signal a massive sell off in their holdings. Currently bitcoin is holding at $5,200 price mark and there's no sign of going down.
If the cryptocurrency market would be bullish now, now we would not have seen its next drop in price. Bitcoin already reached $ 5,600 in price, after which it fell to about $ 5,250. Now he again, according to CoinMarketCap, has risen to 5300 dollars. Such a market is most likely the most common with a good uptrend. Most likely, it will continue to grow, but its growth will be slow.
There are two ETF decision were scheduled on Q3 of 2019 so that also will play a huge role to bring the crazy bullish price movement on the bitcoin.For now the price of bitcoin settling at $5000-$6000 range and I believe it will stay for a while before entering into Q3.
Bitcoin may receive a temporary boost, as users are rushing to convert their USDT to other crypto-currencies (primarily the BTC). This is evident from the Bitcoin dominance, which has risen to almost 55% now. Another factor that is influencing the prices is the bearish momentum affecting both BSV and BCH after the Craig S Wright drama. Ripple is also facing some issues. In general, none of the crypto-currencies apart from Bitcoin is looking to be in good health and this should propel BTC over the $5,500 per coin mark.
That increase of BTC is at the expense of some altcoins, bitcoin gaining more dominance is crucial for the success of some altcoins as people would choose BTC more than altcoins and even if in times altcoins will begin to be bullish and the FUD will shake the market, it will easily dump as it's not holding a good dominant rate in the market.
Bitcoin may receive a temporary boost, as users are rushing to convert their USDT to other crypto-currencies (primarily the BTC). This is evident from the Bitcoin dominance, which has risen to almost 55% now. Another factor that is influencing the prices is the bearish momentum affecting both BSV and BCH after the Craig S Wright drama. Ripple is also facing some issues. In general, none of the crypto-currencies apart from Bitcoin is looking to be in good health and this should propel BTC over the $5,500 per coin mark.
Impressive gains but still we need to be cautious for some reasons that it could also drop sharply. It seems that more positive news are publish potentially good catalyst for bullrun probably can trigger all time high again, who knows? Everyone is expecting a good gains this year and I believe this year has a lot of potential.
This is what I've been watching since the market is always unpredictable and everything could just happen after you sleep and you wake up. But it seems that the market is quite stable at the moment. More traders and investors are expecting the bull run to happen soon but it is not the right time yet i guess. Since next year there will be a halving of Bitcoin and everyone expected that the real bull run would occur.For the meantime, let's not expect too much yet since there is a lot of time that the market would dramatically change as we don't expect it to happen.
I wonder what's taking it so long to get to 7k. I've seen some people claiming that news about Tether has encouraged sell-off across the board, hoping BTC would recover and continue its climb.
Yes, there should be more money coming in than going out. I wonder if whales are still accumulating at this point or if they've already had their fill and just waiting.
If we continue to manipulate the market, and selling at low price or little profit that tops it, it might really take a very long time before we see the bull run, so for us to quickly see the BULL run and enjoy our investment, we need more money to remain in the market and keep climbing.
Yes, there should be more money coming in than going out. I wonder if whales are still accumulating at this point or if they've already had their fill and just waiting.
https://www.ccn.com/wp-content/uploads/2019/02/dow-jones-us-stock-market-bull-bear-shutterstock-680x350.jpg
Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation.
SFOX: Low Volatility and Rising Investment Bolster Crypto’s Bull Case
https://www.ccn.com/wp-content/uploads/2019/04/bitcoin-price-bullish-sfox-april5.jpg
The crypto market remains “mildly bullish” heading into April. | Source: SFOX
According to SFOX, the crypto market remained “mildly bullish” heading into April. In March, the main fundamentals were low volatility and increasing investment. Similar to February’s report, SFOX was encouraged by the continuing investment in cryptocurrency infrastructure despite Bitcoin’s sideways trend.
“At the same time that crypto volatility was decreasing, reports told of major companies like Visa and Facebook investing in crypto technologies. This reinforces the narrative that the industry as a whole is continuing to mature, attracting the attention of more institutions as infrastructure improves.”
Maturity is a big deal for an asset class that wants to become a widespread medium of exchange. Of the two corporations mentioned, the involvement of Visa is possibly the most interesting. Naturally, they have the most to lose from not evolving to the threat from Bitcoin. If Visa sees applications for cryptocurrency, this is a tremendous affirmation of the “usefulness” case argument.
Reference: https://www.ccn.com/crypto-market-bullish-in-wake-of-bitcoins-20-surge
Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation.
SFOX: Low Volatility and Rising Investment Bolster Crypto’s Bull Case
https://www.ccn.com/wp-content/uploads/2019/04/bitcoin-price-bullish-sfox-april5.jpg
The crypto market remains “mildly bullish” heading into April. | Source: SFOX
According to SFOX, the crypto market remained “mildly bullish” heading into April. In March, the main fundamentals were low volatility and increasing investment. Similar to February’s report, SFOX was encouraged by the continuing investment in cryptocurrency infrastructure despite Bitcoin’s sideways trend.
“At the same time that crypto volatility was decreasing, reports told of major companies like Visa and Facebook investing in crypto technologies. This reinforces the narrative that the industry as a whole is continuing to mature, attracting the attention of more institutions as infrastructure improves.”
Maturity is a big deal for an asset class that wants to become a widespread medium of exchange. Of the two corporations mentioned, the involvement of Visa is possibly the most interesting. Naturally, they have the most to lose from not evolving to the threat from Bitcoin. If Visa sees applications for cryptocurrency, this is a tremendous affirmation of the “usefulness” case argument.
Reference: https://www.ccn.com/crypto-market-bullish-in-wake-of-bitcoins-20-surge
the amount of money that continues to flow into blockchain and cryptocurrency applications is definitely encouraging.
Now, in my opinion, it cannot be said that the cryptocurrency market is neither bullish nor bearish. While there is a market with a small uptrend. We have seen that Bitcoin has recently risen to almost $ 5,600, but now it has dropped in price to about $ 5,250. Let's hope that this is just a manifestation of its usual volatility and after a while it will again at least grow as much as it behaved during April. It seems that this trend with its small growth and manifestation of volatility will continue throughout the year.
This, of course, is better than the stagnation that we saw last year.
This, of course, is better than the stagnation that we saw last year.
Impressive gains but still we need to be cautious for some reasons that it could also drop sharply. It seems that more positive news are publish potentially good catalyst for bullrun probably can trigger all time high again, who knows? Everyone is expecting a good gains this year and I believe this year has a lot of potential.
price rises 20% does not mean bullish has happened, you're right we must remain cautious, prices may fall instantly. when the highest price has come then sell, when the price will continue to rise then keep hold and buy. keep watching mate
If we continue to manipulate the market, and selling at low price or little profit that tops it, it might really take a very long time before we see the bull run, so for us to quickly see the BULL run and enjoy our investment, we need more money to remain in the market and keep climbing.
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