Topic: Is Bitcoin bull market back - page 7. (Read 1624 times)
Bitcoin since its beginning is in bullrun in macro prospective, you always confused/panic if you look in micro time frame. But if you are asking for the now yes agin we are steaming up for a wild ride 😜
Too early to say if we are really back because the recent rise seems to fueled by something and I think it's an unnatural movement so we better be careful because it might be a bit rug pull that we are seeing. Be cautious with each step on market, it's better to take it slow than to lose all your money because you got dragged by the hype.
^ Pay attention to the bolded part, lose all your money? Really? So you invest in BTC now while it is a bull run and tomorrow will turn to zero? That is not BTC investment will work, even during the bull run if you invested 1 BTC it should remain 1 BTC in your wallet, nothing will change. You will experience losses if you will sell your BTC at the lowest price, but don't be dumb if you will sell your BTC under the price where you purchase. Just hold it for a long period of time you will see your profit was there. Nevertheless, regarding this recent bull, the reason could be still the rumor of amazon that accepting BTC as payment was still there.
There have been more buy pressure from whales and institutions, taking advantage of Bitcoin’s low price at the moment. Everyone is looking to own more Bitcoin as the future looks bright and many investors will like to take advantage of this. We are going to witness more buy pressure as time goes on because so many Bitcoin gateway platforms will be developed as the technology keeps involving. Amazon is one of those platforms that will allow Bitcoin payment gateway.
if i was an investor then i would buy as much btc as possible for a long term investment at this time, with such a relatively cheap price then i would mine as much as i can. because i want to get more bitcoins at this moment at a lower price quite cheap. and it is likely to have great potential in the future with me selling it when the price is according to what I want right
Sure, if it breaks $45K, the BTC price will go to retest $50k as the next target. But we don't know a certain time to reach $50k. It can be in a week, two weeks, or more. Well, first of all, the current price is about $40k, and try to survive. Let's see if BTC price can survive and go to the next target $45k. Then, we can talk about the possibility of $50k and $60k.
The Stock to Flow model is validated and $100k is even the mid of this bull run. If you don't want to take risk and are fearful of losing profit by not taking it when price rises to $50k, you can sell it.But be aware of the Stock to Flow model and prepare a feeling that you won't regret if Bitcoin has price higher than $65k. I am sure we all feel happy when taking profit but the feeling of regret when don't take profit at top is hard to accept.
https://stats.buybitcoinworldwide.com/stock-to-flow/
I also feel the same way because why keep panicking when the price drops and immediately sell and then when the price goes up immediately sell for take profit even though if you look at the long term chart, BTC is very promising. We often do panic buy or sell. Whales on the other hand continue to make issues in their favour.
Too early to say if we are really back because the recent rise seems to fueled by something and I think it's an unnatural movement so we better be careful because it might be a bit rug pull that we are seeing. Be cautious with each step on market, it's better to take it slow than to lose all your money because you got dragged by the hype.
Sure, if it breaks $45K, the BTC price will go to retest $50k as the next target. But we don't know a certain time to reach $50k. It can be in a week, two weeks, or more. Well, first of all, the current price is about $40k, and try to survive. Let's see if BTC price can survive and go to the next target $45k. Then, we can talk about the possibility of $50k and $60k.
The Stock to Flow model is validated and $100k is even the mid of this bull run. If you don't want to take risk and are fearful of losing profit by not taking it when price rises to $50k, you can sell it.But be aware of the Stock to Flow model and prepare a feeling that you won't regret if Bitcoin has price higher than $65k. I am sure we all feel happy when taking profit but the feeling of regret when don't take profit at top is hard to accept.
https://stats.buybitcoinworldwide.com/stock-to-flow/
Maybe thoughts for reaching $64k is an early choice, but the market has turned to stand on the positive side.
It is true that the market is on a positive trend right now. But we don't know how long this positive trend will continue. There is always a chance that the market trend to come back again to a downtrend for few weeks or even months. Just be careful and don't too early to decide about the bullish come back already.Upon my opinion if it can break $45k surely it'll continue to breach next barriers of $50k+ within a week.
Sure, if it breaks $45K, the BTC price will go to retest $50k as the next target. But we don't know a certain time to reach $50k. It can be in a week, two weeks, or more. Well, first of all, the current price is about $40k, and try to survive. Let's see if BTC price can survive and go to the next target $45k. Then, we can talk about the possibility of $50k and $60k.
By the amount of leveraged positions liquidated on the exchanges and looking at the very fast pace of financial institution incumbents tapping into crypto, I believe the bull market will resume soon. I don't expect much before sept-oct and surely next ath slips to next year. But we should be able to go back to some nice price levels.
If you continue to be optimistic about the bull market, it is clear and natural that this will happen. but I actually see from the side of the halving effect which is usually after the halving, a year later there will be an increase at the end of the month. the first and second halving effects occur in november and december with renewable ATH, so I am also optimistic that it will occur at the end of the month with renewable ATH and is definitely more fantastic than the first and second effects. but we are equally sure and optimistic about this. 
I think that the market is in a bullish trend for a while, it has had very large corrections, yes, but that it is part of the normal market, now that we are in a pandemic it is difficult to determine what stage of the market it is, but from how I see it it is in bullish trend, in fact in the long term is that I see it, in the short term everything changes, as they say in this article:
Bitcoin tries to break $40K for the second time in as many days
I find it very interesting, because many of the short-term analysis volatility is very large, and it tends to have many surprises, in the long term there are more options to react.
Bitcoin tries to break $40K for the second time in as many days
Quote
While the current price indicators suggest that Bitcoin may stick to its ongoing support of the $30,000–$40,000 mark, BTC is yet to see a positive change of $20,000 before it can reach its former glory of $60,000.
What may seem like a good indication, the sudden push to exit an immediate resistance does not accompany the $30,000 corridor. By the time of writing, Bitcoin’s price is closing in on $39,500.
Source: https://cointelegraph.com/news/bitcoin-tries-to-break-40k-second-time-in-two-daysWhat may seem like a good indication, the sudden push to exit an immediate resistance does not accompany the $30,000 corridor. By the time of writing, Bitcoin’s price is closing in on $39,500.
I find it very interesting, because many of the short-term analysis volatility is very large, and it tends to have many surprises, in the long term there are more options to react.
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.
still struggling to climb up high as 40k still resisting and cannot stabilize on that position , maybe we need to break at least 42k first before the candle lights back again for this season of 3rd quarter.what are your takes on the current bitcoin market movement.
after having a great 2nd quarter yet we end up dumping before the 3rd comes.
By the amount of leveraged positions liquidated on the exchanges and looking at the very fast pace of financial institution incumbents tapping into crypto, I believe the bull market will resume soon. I don't expect much before sept-oct and surely next ath slips to next year. But we should be able to go back to some nice price levels.
yes , we might not seen 60k level again but at least maintain the 50k level before the year ends and will start accumulating again in 2022 as the next halving is coming so fast for the next couple of years. 
By the amount of leveraged positions liquidated on the exchanges and looking at the very fast pace of financial institution incumbents tapping into crypto, I believe the bull market will resume soon. I don't expect much before sept-oct and surely next ath slips to next year. But we should be able to go back to some nice price levels.
Right now, what's important is that we enjoy what we earn, but also at the same time, we need to be sure that we can somehow be able to plan and be able to make calculated decisions so that we will not lose so much money. Emotions like being confident or overconfidence will certainly would not help with our trading decision. You can lose profit by using gut feeling decisions. Also make sure that you ask people, talk to people, converse, and always have a desire to learn crypto.
my opinion for now is hopefully bitcoin is at a safe point and will still be stable there is no significant downward movement..
because in times like this it is difficult to predict because the world's economy is in crisis and my hope is to play it safe..
because in times like this it is difficult to predict because the world's economy is in crisis and my hope is to play it safe..
~snip~
$70k? Everyone is expecting a move to $100k or at least a new all time high at the end of the year.
Fundamentals are good because of amazon but after knowing it was a lie the market went red again. Actually on the fundamentals Amazon BTC is trying to break the resistance at $41k. But that hasn't happened yet, a lot of people are also waiting at the price of $25k, even $13k. That's natural because the history of bitcoin's chart rate is the exact same benchmark. I myself expect BTC to stay in the sideway area between $30k-$40k. Don't fall below the last low of around $28.8k. If this happens then recovery new ath I think have to wait another 4 years. $70k? Everyone is expecting a move to $100k or at least a new all time high at the end of the year.
what are your takes on the current bitcoin 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.
Too early if you expect the Bitcoin price to come back again to $64k. But I don't say it is impossible.You must understand how the crypto price movement, right? After a big increase, there should be a decline to follow. I even predict that the Bitcoin price still has a chance to drop again below $35k before it tries to move above $45k. Just monitor the Bitcoin price in the next few days, it can survive above $40k, it can continue to break $45k. But if it fails, I suspect the price to drop again below $35k for several days or weeks.
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.
Too early if you expect the Bitcoin price to come back again to $64k. But I don't say it is impossible.You must understand how the crypto price movement, right? After a big increase, there should be a decline to follow. I even predict that the Bitcoin price still has a chance to drop again below $35k before it tries to move above $45k. Just monitor the Bitcoin price in the next few days, it can survive above $40k, it can continue to break $45k. But if it fails, I suspect the price to drop again below $35k for several days or weeks.
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.
what are your takes on the current bitcoin market movement.
I am having good takes and positive outlook towards what's happening with bitcoin market right now. In fact I'm adding few buying powers just to make my holdings intact and in preparation to another bullrun, I must take a strong motivation just to fulfill all my goals in crypto. Though I'm still holding some altcoins which doesn't got good value now, hopefully one day it will be carried over when btc progress continuously soars and soon triggers altcoins glorious days to occur someday.
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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
The surge in the price of the market is the wonderful side of the cryptocurrency market but this current trend still need to be treated with caution and people shouldn't relax much due to the profit involved. a move that many will see as a bull market movement.
I also consider this move to be a bull market but the momentum may not last like the first bull run market because market blood bath can happen anytime. Jump to: