Is Bitcoin bull market back - page 3.

Ngemmeng

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Quote from: RILWAN on October 31, 2021, 12:47:46 PM

The forecast for Bitcoin price in October was 70k which the price rose close to that amount, Bitcoin price stopped at 67k and that is a good indication that the ultimate aim of this analysis was achieved.
Bitcoin is in a stable mode as you have rightly said but in the coming weeks that situation may change and 70k Bitcoin price will be achieved and even more.

I am sure that soon this stable price will end and the positive trend will occur again. The price increase that occurred in October was a very extraordinary price increase because bitcoin was able to pass ATH in April. what many people say seems true if the price increase that occurred in October was just a warm-up, meaning that this month or next month there will be an even more extraordinary price increase.

Japinat

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Quote from: bengsabeng on October 31, 2021, 02:50:31 AM

october is almost over and bitcoin price is still stable at around $61k and that means it is very difficult to reach $70k before october ends. the past week the bitcoin price tends to be stable and there is no significant price spike, but this positive trend is still not over and next month the bitcoin price will be volatile again and reach $70k still very wide open.

We have the whole month now, bitcoin could possibly break its current ATH and will have a breakout reaching a price of $70k.

When you are bullish, you will be optimistic about its price going forward, so there's no limitation now as even in 24 hours, bitcoin could have a significant rise that will surprise the world but not to the investors who are not new in the space. As the market sentiment is bullish, it's hard to bring down the market as people would still get into the hype and will continue to trust crypto.

China FUD was huge, but look at what happened, as if there's no effect and people continue to move on.

RILWAN

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Quote from: bengsabeng on October 31, 2021, 02:50:31 AM

Quote from: RILWAN on October 28, 2021, 10:16:19 AM

Quote from: ziyaaa on September 28, 2021, 10:11:20 AM

I must admit that I have missed the bull market. We haven't seen it for months and I can't wait to see a new one. Because the market is in a very bad condition as it seems. Bitcoin price is still struggling to go up to $50k again. Some people claim that a new bull run or a rally is closing in but I don't know. I hope that they are right about it.

Well, 50k recovery is still low as at this moment Bitcoin is above 60k which is still a recovery mode as Bitcoin have made a 67k price this October, and judging from the current momentum 70k price is still achievable before the end of October.

October is almost over and the bitcoin price is still stable at around $61k and that means it is very difficult to reach $70k before October ends. the past week the bitcoin price tends to be stable and there is no significant price spike, but this positive trend is still not over and next month the bitcoin price will be volatile again and reach $70k still very wide open.

The forecast for Bitcoin price in October was 70k which the price rose close to that amount, Bitcoin price stopped at 67k and that is a good indication that the ultimate aim of this analysis was achieved.
Bitcoin is in a stable mode as you have rightly said but in the coming weeks that situation may change and 70k Bitcoin price will be achieved and even more.

bengsabeng

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Quote from: RILWAN on October 28, 2021, 10:16:19 AM

Quote from: ziyaaa on September 28, 2021, 10:11:20 AM

I must admit that I have really missed the bull market. We haven't seen it for months and I can't wait to see a new one. Because the market is in a very bad condition as it seems. Bitcoin price is still struggling to go up to $50k again. Some people claim that a new bull run or a rally is closing in but I don't know. I hope that they are right about it.

Well 50k recovery is still low as at this moment Bitcoin is above 60k which is still a recovery mode as Bitcoin have made a 67k price this October and judging from the current momentum 70k price is still achievable before the end of October.

october is almost over and bitcoin price is still stable at around $61k and that means it is very difficult to reach $70k before october ends. the past week the bitcoin price tends to be stable and there is no significant price spike, but this positive trend is still not over and next month the bitcoin price will be volatile again and reach $70k still very wide open.

chikading2016

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Bull run is already back, we are now at the price of above 60k$ and rising so this is maybe the start of another big bull run till end of the year or maybe it will continue to rise in the coming year 2022, I believe that the Bitcoin will rise because many new investors are investing on it right now and more country's are using btc ana make it legal one of this country is the El salvador that bought another 420 btc a total of 1120 btc under management. So i think btc will rise very soon and reach new ATH.

Joshapat

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Happy because the market continues to improve, transaction volume continues to increase and I believe the target of $100k can be achieved this year, positive rumors from various media and influencers make bitcoin continue to shine and this is what makes us worthy of optimism about the future of bitcoin.

Kemarit

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Quote from: RILWAN on October 28, 2021, 10:16:19 AM

Quote from: ziyaaa on September 28, 2021, 10:11:20 AM

I must admit that I have really missed the bull market. We haven't seen it for months and I can't wait to see a new one. Because the market is in a very bad condition as it seems. Bitcoin price is still struggling to go up to $50k again. Some people claim that a new bull run or a rally is closing in but I don't know. I hope that they are right about it.

Well 50k recovery is still low as at this moment Bitcoin is above 60k which is still a recovery mode as Bitcoin have made a 67k price this October and judging from the current momentum 70k price is still achievable before the end of October.

Nah, I doubt that we can achieved $70,000 this month, the most we can get to it is $63,000. Which is about the price that S2F model has predicted too. We must have to wait for the next big mental barrier of $70,000 next month November. After all, we are still in the bullish sentiments, it's that there are players who chooses to sell at the latest all time high and takes profits and maybe invested on some meme coins like Shiba. But eventually this smart investors will go back to Bitcoin because this is where the action is.

RILWAN

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Quote from: ziyaaa on September 28, 2021, 10:11:20 AM

I must admit that I have really missed the bull market. We haven't seen it for months and I can't wait to see a new one. Because the market is in a very bad condition as it seems. Bitcoin price is still struggling to go up to $50k again. Some people claim that a new bull run or a rally is closing in but I don't know. I hope that they are right about it.

Well 50k recovery is still low as at this moment Bitcoin is above 60k which is still a recovery mode as Bitcoin have made a 67k price this October and judging from the current momentum 70k price is still achievable before the end of October.

Tellek Garing

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Quote from: rincoeng1986 on October 18, 2021, 02:28:59 AM

Bitcoin hit its historic high again in October 2021 Q4 as many investors had hoped. A bullrun market is going on for the whales right now and bitcoin is at $62,400 it's likely the price will continue to hover until $65,000 by the end of October.

I think Bitcoin is going to end the month of October with a recovery action and that will be somewhere around 59,000 and 60,000 price and if you have been following the Bitcoin price movement you will discover that there is always a strong resistance around the 62k and 63k which always push back the price any time it reaches that price.
So many whales and holders have anticipated and projected Bitcoin to reach 70,000 in October but at this point that will not be easily achieved.

rincoeng1986

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Bitcoin hit its historic high again in October 2021 Q4 as many investors had hoped. A bullrun market is going on for the whales right now and bitcoin is at $62,400 it's likely the price will continue to hover until $65,000 by the end of October.

bitterguy28

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Quote from: RILWAN on July 26, 2021, 12:42:53 AM

over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.

Maybe it is better to say that our weeks now this October is the Bullying time again , checking the market as it grows back more than 60,000 for Bitcoin

https://coinmarketcap.com/

and altcoins are also climbing though not that High as How bitcoin dominate this market for week now.

But of course it is 65k is what we are looking to say that ATH is again recorded before the year ends.

Vaskiy

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In my understanding long term accumulation has ended with outflow. This has caused the rise in demand. The demand is getting reflected on the increase in the market of bitcoin. Same time the funding rate isn't favouring the bull market. This means there is more chance for short term and less probability for long positions. If it undergoes a correction after crossing the ath value, then market turns completely bullish.

blockman

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Quote from: Bagaji on October 17, 2021, 03:04:43 AM

One can now be optimistic that Bitcoin bull market has return and there is no going back based on what we have seen so far with market reaction.

I just hope for the best that there's no more huge pullback. It's still possible to see some huge drops but I'm just hoping that there won't be that much anymore since the market has been growing and we've seen that it had dropped below $30k.

Quote from: Bagaji on October 17, 2021, 03:04:43 AM

We are currently on the road leading to $80k and above if all remain equal, although people do say that anything can happen in crypto currency market this time I will not believe in that saying.

It's more than $80k and the majority tells about the high likelihood that bitcoin will be ending this year with a blast of $100k and that's really possible. We're all optimistic and we're hoping for the best for this bull run. And one thing for sure is that whenever this bull run ends, we're on the higher price already.

Bagaji

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One can now be optimistic that Bitcoin bull market has return and there is no going back based on what we have seen so far with market reaction. We are currently on the road leading to $80k and above if all remain equal, although people do say that anything can happen in crypto currency market this time I will not believe in that saying.

Ngemmeng

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Quote from: Dave1 on October 12, 2021, 07:47:40 PM

Obvious target is $60k, if we reach that price without seeing any dump, then I think we can continue this bull run and then go for a $63k-$64k, or new all time high. Although the price seems to be facing a stiff resistance on the $58k level and it might take a bit longer to break it and move forward. So overall, the market seems to be very bullish, no question about it. So it's better to just hold on right now and not sell cheap coins to those whales.

yesterday the price of bitcoin reached the highest price in the range of $ 62k then there was a slight decrease in price to $ 60k. bitcoin has done something amazing since breaking through $50k so I think it's only natural that there should be a bit of a correction before bitcoin breaks through ATH and reaches higher ATH.

STT

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Its broken the downtrend pattern and risen strongly so keeping positive is mostly what to watch for; momentum in the pricing. Recent low was where we checked the weekly average but recovered and continued rising, right now just a small pullback takes us back to the 2 day average only a slight slowdown.
We'll remain bullish above 59k I think but just generally watch we maintain the weekly average in yellow

Dave1

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Obvious target is $60k, if we reach that price without seeing any dump, then I think we can continue this bull run and then go for a $63k-$64k, or new all time high. Although the price seems to be facing a stiff resistance on the $58k level and it might take a bit longer to break it and move forward. So overall, the market seems to be very bullish, no question about it. So it's better to just hold on right now and not sell cheap coins to those whales.

Questat

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Quote from: bots1 on October 04, 2021, 08:23:07 AM

Quote from: RILWAN on July 26, 2021, 12:42:53 AM

over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.

In my opinion, the bitcoin market movement is currently undergoing a correction. It was the aftermath of the sell-off due to concerns about the banning effect of China Evergrande Group and investors focusing on the policy direction of the United States central bank, the Federal Reserve. But I think this decline is still within reasonable limits considering Bitcoin still has the potential to increase again.

Correction is probably over as it has bounced back already and it looks like it's going uptrend. Although we don't ascertain the future, based on the trend, it looks like bitcoin is gonna end bullish in the last quarter, at least that's the status now so far.

bots1

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Quote from: RILWAN on July 26, 2021, 12:42:53 AM

over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.

In my opinion, the bitcoin market movement is currently undergoing a correction. It was the aftermath of the sell-off due to concerns about the banning effect of China Evergrande Group and investors focusing on the policy direction of the United States central bank, the Federal Reserve. But I think this decline is still within reasonable limits considering Bitcoin still has the potential to increase again.

STT

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Wait till we break prior ceiling before trying to guess a new bull trend, thats the safest route as we probably have more work to do in consolidating volume already occuring this year perhaps too rapidly.

This is as simple a chart as could be just an idea of a down trend and the 50 week average on the lows for this year. If we do lose this current price which is the high for the first week of 2021, then I think we can and probably should trade back to late June highs. We have confirm price action before a gain in future can take foothold and begin, then we have enough conviction across the market to trade through that ceiling above.

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