Topic: Is bitcoin bearish or bullish - page 3. (Read 663 times)

This has always been the way that bitcoin grows, it is just once in a while that bitcoin makes a high surge without expectation, so  you might see bitcoin slow right now, but before you wake up tomorrow, you might have seen it multiplied.

Another reason why I think bitcoin has not been able to cross over to some value that is higher is because many traders are always pulling the value back anytime it wants to gain a very high momentum because of their gains that they are removing often once they get any profit which we can’t stop them from doing because that is what they work for. This may be how bitcoin will gradually gain its momentum till further notice when the bull run that will make it shoot to that $100k you are expecting comes, maybe in 10 years’ time.

These are not corrections. Corrections happen when you go up really fast and sometimes drop and than continue to go up. We have been around the same prices for too long to call these corrections anymore. We are neither in a bull nor a bear run right now, we are in a stagnant market where price is changing between 9-11k for the past couple months and that is not bad because at least we have established these prices to ourselves, we are not longer afraid of the 3-4k prices because we know we are not dropping down that much anytime soon, maybe even ever again.

Hence, I highly doubt that these moves are bull moves that happen to have corrections between them, corrections only happen once in a while which doesn't stop the bull just slows it down, we have been here for months, its not a slowing down at this point, its stopping.

If you look at the bigger picture, the bull mode has already started. It's perfectly normal that we have a phase of consolidation after a mad increase all the way to the $14k mark, that's not healthy growth. It resembles greed.

People here think that a two month consolidation phase is long, but that's an absolute joke when you compare consolidation in traditional markets. People here are too greedy and think it's normal to go up by 400%. It's not.

There is also a bearish case where the bull run what we have seen is a bull run within a longer term bear market. Perfectly possible but less likely. I think that we'll take out the $20k high next year after healthy weak hand capitulation selloff.

What are you talking about. 11k is a short term (few days) target and  100k is a long term target (few years). There is no relation between them neither for timing nor for the price.

I think that Bullish trend is the same, in my personal analysis following Wyckoff's theory, I conclude that we are starting the bullish trend stage, of course we have to wait, corrections can be made, but it is starting and the process is framed.

And if we take into account some events such as economic problems in some nations such as Venezuela and Argentina, especially Argentina that can freely trade with Bitcoin, this attracts new market participants, which increases demand and as demand increases, the purchases and the price goes up and if we add the BAKKT, there are many reasons for the analysis to be argued.

it is beginning to enter the bullish mode.

the only reason why it is taking some time (about 2 months) is because the market just finished the recovery phase by getting out of an artificially low price of $3000 that was only achieved through manipulation of the market.

as the trend changes slowly, the expectations also change and the weak hands are flushed out of the market so the rise can begin by getting rid of those who sell and slow it down.

Maybe bull will  come before halving. Because people will start to buy at cheap price for them. And then price will slowly increased, then make other fomo and bull will really come until halving come. And maybe it can reach new ATH but will need a lot of work from us as crypto investor to influence others. Because i believe out there, a lot of people still don't know benefit of investing in Bitcoin.

As the dominance level of bitcoin is found above 70% there is more hope among the common people that it'll reach $100000 easily. From my understanding to what extent this is going to be a truth is still a dream. Maybe this will make the base more stronger than ever, and could attract the entire altcoins investors towards it.

The bearish and bullish trend changes with time period, as of now more good news is found often which makes most of the manipulation un effective. Moreover the ongoing month is a milestone for bitcoin as Bakkt is getting launched. This confirms more chances of the bull trend to continue.

If no such thing that will spoil the progress then you can bet that prediction will happen.

But that will take several years in the making. Following some of the current properly backed-up analysis might give false expectations. Too early to expect that.

Can we wait first for bitcoin price to reach its last ATH? then $25,---, $30,--- and so on? As long as a good foundation will formed on such higher floors, it will increase the chances that we will see bitcoin at anyone's dream price.

it's a tough one and depends what time length you're talking about.

Long term going off TA still bullish going off speculation it's anyone's guess really but I'd still say bullish.

Here's the thing, I stopped investing in BTC awhile ago, my logic was it's no longer the cheapest and fastest cryptocurrency out there anymore, it's quickly moved into store of value. For this reason, today's bitcoin is significantly different to Satoshi's vision. I'm not bitching about it, just stating facts, there's still a lot great about Bitcoin BUT right now I can't send payments for fractions of a penny and I can't send it within seconds, it's not scaled well.

Due to all of this, I used to think to myself 'it's literally a matter of time before people realise Bitcoin isn't worth 10k or more in it's current state, but honestly it's not about any of that anymore. I was thinking to myself, what stops people seeing gold as just a piece of useless metal, what stops money from just being a piece of paper. All of these things hold value because we humans give it value. When people first started using forms of money or precious metals, they started out as useless and valueless, they became valuable because we adopted it and agreed upon it.

The price of Bitcoin now has got that way because people have agreed upon it and keep it there, it's been holding highs of several thousands of dollars for a couple of years now, with that many people invested in Bitcoin, I think it's success and value is set in stone, I don't think it ever will reduce below the thousands line again.

So I think the future is bright for Bitcoin, despite my personal opinions or anyone else's for that matter, Bitcoin has etched itself into history and I think to bet against it would be very risky indeed.

Bitcoin will have a bullish trend this year and will continue till 2021. Price will reach $50k on that year and will become stable as the year passed.  No doublt having 1 btc will make you a millionaire someday.

I think the $14,000 level will be one of the most important levels to break through this or next year. If we break through that, you better make sure to not sell any of your coins and ride the run up to $20,000 and hopefully beyond. The highest ever monthly close is ~$14,000 and let that be where we peaked some months ago. Algos will instantly unload upon retest so we need a lot of buying to come in and eat through all these sales.

Short term speaking, we need higher local highs, and so far we've only had lower local highs. If we start making higher highs the odds of a $14,000 retest will be in our favor. One more sub $9500 test will probably lead to a break down so that's what we have to avoid for now. Testing the same flat support levels isn't bullish as some people like to think.

I would definitely agree we're bullish at the moment as well. I've been looking at RSI recently and it shows as overbought on most of the hour timeframes like 4H and 1H (but obviously RSI can remain overbought and oversold for long periods of time), but we're also looking at a green MACD flip at last on the daily at the moment, and the 21 MA's crossed over the 50MA and looking to cross over the 100 soon as well. Currently looking for a dip to buy at the moment as I feel there's going to be a minor correction soon, but I'm still bullish mid and long-term.

At least the price is starting to grow back again after it falls to $9,500 last week and i think it is starting to get bullish this week hoping it would break the $11,000 resistance and would break the $15,000 or $20,000 since that was the ATH of Bitcoin.

Some analyst can say whatever they want but it is just pure speculation since no one actually knows when would that happen. Hitting $100,000 is a bit too much this someone would suggest it by next year. I can't anything about the future price yet i am very optimistic to look at the price of $100,000 next year.

We have to say Bitcoin is bullish if it closes above 10300 today at midnight UTC or forum time.


I havent drawn in the downtrend on this chart but you can see we've had a series of regular high prices that were lower then previous weeks.   So a negative trend, if Bitcoin is establishing a high now at 11,000 or similar then its breaking that declining trend and I think we can say its breaking out of that trend.

The blue line is 50 day average, its closing above that today.   The horizontal lines are Fib % of previous falls, its quite bullish its fair to say.

Bitcoin and other digital currencies will soon begin to recover after a recent fall and begin to grow. Already, Bitcoin has made a breakthrough in $ 10,000, which cannot but rejoice.  This is the start of a new bullish trend.

You are right bitcoin within the last 7 months have gain some amount of momentum which is an indication that the bull market is around the corner but even at that it hard to predict what the future holds for bitcoin since we are in a volatile market.

90% of the time bitcoin is bullish simply because it is on the way to mass adoption and so far we have only covered about 1% of the way to that so there is still a long way to go before we reach the target.
right now, we are in a bull market but only in the beginning stages of it. after the recovery in the first 6-7 months of 2019 we are now getting ready (with accumulation phase) for the actual bull run rise.

Bitcoin is definitely bullish right now. I mean look, it's surged 5% or something in the past hours. Oh wait. It's slid down again like maybe 4%. So no, it's definitely bearish right now.

What slow and staggering price movement are you on about? Are we looking at the same Bitcoin chart?

If bitcoin's dominance remains to be at the level of 70% for the next years to come. I'm optimistic that $100,000 is possible. And isn't it enough to believe that bitcoin can reach the prices that we're not expecting?

It may be hard to accept for those who didn't bought at the lows that it's starting to show its true nature and that is becoming bullish. You can think of it as bearish whenever it goes down a bit but it's basically the normal attitude of it.