Is Bitcoin In Bullish or Bearish Trend? - page 4.

carlfebz2

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Quote from: Hypnosis00 on October 27, 2023, 04:51:47 PM

Quote from: Aanuoluwatofunmi on October 27, 2023, 05:20:44 AM

Quote from: Woodie on October 22, 2023, 05:46:31 PM

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

Quote from: Best-mary on October 14, 2023, 11:19:03 AM

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news Roll Eyes

but it's good to see what to expect on e the approval comes in.

Upon everything that is happening now, we are still more on bullish trend than the bear even though the bullrun has not yet begins, we are only seing the possibility for having more bull market subsequently with time as we are planning towards the exit of October which is a month of bullish move, there have been some speculations that gives the end of this October to mark another pump to about $38,000 and this does not have to do with wether ETF got approved or not.

ETF has nothing to do with the current pump as the price just pumps because people are buying more rather than selling.
As the halving is coming, we can expect people have been accumulating more as they're taking advantage of the situation believing that after this it will be the bull season. With the current pump, we can think that this is a sign of bull season just like what happened in the past years. But yes, it was too early to say that we're on the way, however, we're too optimistic that we are heading in that direction than thinking about bearish again.

Are you sure? ETF doesnt have an effect? Then how you would be able to explain out these things?

Bitcoin buoyed by BlackRock ETF news
[url=https://cointelegraph.com/news/blackrock-spot-bitcoin-etf-nasdaq-clearing-firm]BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst
Bitcoin’s Wild Ride: BlackRock’s ETF Delisting and Relisting on DTCC Stirs Hysteria

Im not saying that fundamentals does work everytime but it is really that hard to ignore that these news do really make out that significant effect
specially into the recent movement that we do have in Bitcoin. We arent that blind not to see on how it does really affect the entire crypto space specially with Bitcoin.
We are moving on greens but of course we shouldnt really be making ourselves that confident.

danadc

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We do not know if this is the case, if the bitcoin is in an upward trend, the articles, the videos they make have not said what could happen, we have the basis that many predictors say that the bitcoin can reach XX price, we do not know , I have not found an analyst who is completely good, who knows everything so that he can do something credible, everyone gives their point of view, according to what I saw in a video he said that the best information about this is in the volume, Those who read the volume best can predict accurately, but that's something I don't know, I think I don't have enough knowledge and it seems difficult to me, that's why I see articles, videos, opinions from other people and analysts.

tygeade

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Quote from: Aanuoluwatofunmi on October 27, 2023, 05:20:44 AM

Upon everything that is happening now, we are still more on bullish trend than the bear even though the bullrun has not yet begins, we are only seing the possibility for having more bull market subsequently with time as we are planning towards the exit of October which is a month of bullish move, there have been some speculations that gives the end of this October to mark another pump to about $38,000 and this does not have to do with wether ETF got approved or not.

I agree that bull is happening because bull is happening, not because of any news or anything like that. I think it should be quite important to realize that hype creates hype in the market and that's what this was all about. I understand not everyone could see the same thing but I believe that ETF had nothing to do with this and that's why we shouldn't really be expecting much from the market to react to news.

Maybe the very first start was like that, but that was when the price was under 30k, we have peaked at around 35k and that should be basically enough proof that we didn't went up because of the ETF news, that one turned out fake anyway. When the price goes up, that causes some people to buy and that makes it go up even more, and buying results with more buying and just goes up a lot like now. That's what has happened and I am guessing that that will keep on being the case for a long time as well, can't really say anything else is required to see it higher.

Hypnosis00

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Quote from: Aanuoluwatofunmi on October 27, 2023, 05:20:44 AM

Quote from: Woodie on October 22, 2023, 05:46:31 PM

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

Quote from: Best-mary on October 14, 2023, 11:19:03 AM

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news Roll Eyes

but it's good to see what to expect on e the approval comes in.

Upon everything that is happening now, we are still more on bullish trend than the bear even though the bullrun has not yet begins, we are only seing the possibility for having more bull market subsequently with time as we are planning towards the exit of October which is a month of bullish move, there have been some speculations that gives the end of this October to mark another pump to about $38,000 and this does not have to do with wether ETF got approved or not.

ETF has nothing to do with the current pump as the price just pumps because people are buying more rather than selling.
As the halving is coming, we can expect people have been accumulating more as they're taking advantage of the situation believing that after this it will be the bull season. With the current pump, we can think that this is a sign of bull season just like what happened in the past years. But yes, it was too early to say that we're on the way, however, we're too optimistic that we are heading in that direction than thinking about bearish again.

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Quote from: rodskee on October 27, 2023, 03:20:30 AM

You have got a best decision having dual investment to be ready in leveraging , and also this manipulation seems to be ending(if truly happening) but do you really think there is something that looks manipulating in our price now?

Maybe not many people think that this price increase is manipulation, because in general people think that this price increase is due to the effect of good news so that more people are tempted to enter the market to take profits after they bought at a lower price previously. And I also don't think that this increase is part of market manipulation or whatever you want to call it.

Quote

and Also if this is manipulation then I am thankful because I already earned something from my investment that happened because of this growth , 20% isn't than small for me to be thankful.

That is a big enough thing for you to be grateful for because the 20% amount is quite a large amount and is very worthy of you to be grateful for. But you also have to consider other things after being grateful for the profit because the next increase in Bitcoin is still very likely to occur next year so don't forget to invest again in Bitcoin after taking the profit.

Aanuoluwatofunmi

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Quote from: Woodie on October 22, 2023, 05:46:31 PM

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

Quote from: Best-mary on October 14, 2023, 11:19:03 AM

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news Roll Eyes

but it's good to see what to expect on e the approval comes in.

Upon everything that is happening now, we are still more on bullish trend than the bear even though the bullrun has not yet begins, we are only seing the possibility for having more bull market subsequently with time as we are planning towards the exit of October which is a month of bullish move, there have been some speculations that gives the end of this October to mark another pump to about $38,000 and this does not have to do with wether ETF got approved or not.

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Quote from: justdimin on October 27, 2023, 01:38:34 AM

Quote from: Dunamisx on October 21, 2023, 10:46:14 AM

Let's analyze it one after the other, currently now we are in dip season, but the market is pumping and we are moving towards an exit to this if we consider from where bitcoin has started to fall continuously till we are here today, we should also know that the bullrun is not yet started, we are only having a gradual experience in approaching it, now to your question OP, we can conclude by saying we are on a bull market presently sice the market is fast rising.

Yes, we are still at the dip because we haven't go out yet beyond $31k, so I won't say that the market is pumping. What we only feel these past days are just a slight recovery. I think this is due to the rumored ETF that is expected to be approved by the SEC. If this was finally passed then maybe it can still be a gateway for something huge or like you said, it this lead us to finally exist this bear market.

I really hope so because man this bear lasted for almost 2 years now I think but I'm sure we are going to get out of it next year. So for now, just make sure you guys already have stacked enough coins to enjoy the bull run really well. You've been warned Wink

.

Bitcoin still hasn't gone out yet beyond $31k? I think you should check the market again because as I just checked, we are still above $34k even though the market seems to be correcting after a few days of strong price increases.

We're not really in a bull market yet, but in my view, we're in a pre-bull market and I don't think we're going to have another big pullback. According to the 4-year cycle, bear season is not over yet, but we have reached the bottom of this bear season, so there is nothing to worry about anymore. The market will still be volatile until the bull season really arrives but it won't be too scary anymore.

rodskee

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Quote from: Best-mary on October 24, 2023, 06:10:27 PM

Quote from: Woodie on October 22, 2023, 05:46:31 PM

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

Quote from: Best-mary on October 14, 2023, 11:19:03 AM

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news Roll Eyes

but it's good to see what to expect on e the approval comes in.

I agree with you. Though I got my dual investment ready to leverage the opportunity. We just hope this manipulation in Bitcoin will come to a minimal

You have got a best decision having dual investment to be ready in leveraging , and also this manipulation seems to be ending(if truly happening) but do you really think there is something that looks manipulating in our price now?

and Also if this is manipulation then I am thankful because I already earned something from my investment that happened because of this growth , 20% isn't than small for me to be thankful.

Quote from: STT on October 24, 2023, 06:28:07 PM

BTC has a positive trend on many time frames, you can tell when we start to have multiple alignments across time frames because we get positive action and spikes like has been occuring recently. The simpliest way to view general positivity or not is the moving averages. Both 200 day and 200 week are positive, it doesnt mean we cannot sell off but the general trend is towards accumulation or positive price ascent on the chart, we are still challenged in 2023 imo; Im not expecting take off just yet but repeatedly we had demonstration of positive BTC.

but from your perspective , if I am to Buy low sell High , is this the time to sell now? before I buy back again in January or February next year.

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Quote from: Dunamisx on October 21, 2023, 10:46:14 AM

Let's analyze it one after the other, currently now we are in dip season, but the market is pumping and we are moving towards an exit to this if we consider from where bitcoin has started to fall continuously till we are here today, we should also know that the bullrun is not yet started, we are only having a gradual experience in approaching it, now to your question OP, we can conclude by saying we are on a bull market presently sice the market is fast rising.

Yes, we are still at the dip because we haven't go out yet beyond $31k, so I won't say that the market is pumping. What we only feel these past days are just a slight recovery. I think this is due to the rumored ETF that is expected to be approved by the SEC. If this was finally passed then maybe it can still be a gateway for something huge or like you said, it this lead us to finally exist this bear market.

I really hope so because man this bear lasted for almost 2 years now I think but I'm sure we are going to get out of it next year. So for now, just make sure you guys already have stacked enough coins to enjoy the bull run really well. You've been warned Wink

.

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Quote from: danadc on October 23, 2023, 10:05:06 AM

Well, I believe that both things can Happen, or it is a bearish or Bullish trend, but at $30k it seems like a consolidation or a stage where the price is sideways, it can happen, I'm not sure, but seeing that the different ones can happen type of scenarios that I can upload that would make me very happy, although I want to accumulate much more in satoshis , because for me it is what will be more Popular in the future, a small part of bitcoin is what makes us what can make the difference

You can't just be on the middle, that's cheating although I can understand why a lot are indecisive that bitcoin right now are in the bullish or in the bearish trend since there's volatility involved. Regarding accumulation of more satoshis, I hope you don't do it in one go, you might regret buying in one go because there's a possibility that the price will stabilize and go down for awhile which can toy with your emotions and make you do a bad decision like selling at a lower price point just so you can prevent more losses. For me though, I think it's a bullish trend because there's no significant news or stories that are pessimistic about the rise in prices and October up to December got a pretty good record of price increase for bitcoin over the years.

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Quote from: Pierre 2 on October 25, 2023, 12:40:32 AM

Quote from: STT on October 24, 2023, 06:28:07 PM

BTC has a positive trend on many time frames, you can tell when we start to have multiple alignments across time frames because we get positive action and spikes like has been occuring recently. The simpliest way to view general positivity or not is the moving averages. Both 200 day and 200 week are positive, it doesnt mean we cannot sell off but the general trend is towards accumulation or positive price ascent on the chart, we are still challenged in 2023 imo; Im not expecting take off just yet but repeatedly we had demonstration of positive BTC.

I also agree. I think if we didn't have that etf news Bitcoin would be still around 25k - 28k corridor. It created some real demand after so many months of bear domination. I suppose this is actually good cause Bitcoin holders and buyers are probably getting impatient now and gambling towards price moving upwards. Even if price declines in coming months there will be guarenteed resistance in my opinion. I wish I could buy more at low prices.

You may have the opportunity to do so if you wait long enough, it is likely the current price increase comes from investors taking the risk of investing in bitcoin thinking an ETF is going to be approved, and they wanted to take a position early in order to take advantage of the possible increase in the price it may happen if they are correct.

However if this does not happen then those investors may get desperate and they will begin to sell their coins, driving the price down and giving those investors that want to take a long term position on bitcoin the opportunity to do it at a good price.

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As of the moment, we're kind of in a bullish trend due to the recent $IBTC listing in the DTCC. It briefly disappeared due to an internal error that caused a bit of a little pullback but eventually it reappeared and continued as normal.

Right now it's at $34.1k as of this time of writing. It looks like the market kinda stabilized a bit for days since the initial price jump as we see a strong support level by the bulls to keep up the pace.

But I am not sure if this is a bull trap that would just influence others to buy at this price before anticipating the next big move. It is now crucial that the bulls must do whatever it takes to maintain the support level and trying to break the current resistance.

It did touched $35k back then but let's just hope that it would revisit that price again and may go up even more slowly but surely.

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After a week mate , maybe I can say we are in Bullish trend now https://coinmarketcap.com/ seeing almost every coin in Coinmarketcapitalization are greening and there are still having good increase for the whole day now.
and still in the increasing level.

https://coinmarketcap.com/currencies/bitcoin/ bitcoin at 34,169 USD till now and kicking green? wondering any time soon that 35k is on the track and we cannot deny the effect of 4th quarter since then.
I will wait to see this 35k and up till weekend comes.

Pierre 2

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Quote from: STT on October 24, 2023, 06:28:07 PM

BTC has a positive trend on many time frames, you can tell when we start to have multiple alignments across time frames because we get positive action and spikes like has been occuring recently. The simpliest way to view general positivity or not is the moving averages. Both 200 day and 200 week are positive, it doesnt mean we cannot sell off but the general trend is towards accumulation or positive price ascent on the chart, we are still challenged in 2023 imo; Im not expecting take off just yet but repeatedly we had demonstration of positive BTC.

I also agree. I think if we didn't have that etf news Bitcoin would be still around 25k - 28k corridor. It created some real demand after so many months of bear domination. I suppose this is actually good cause Bitcoin holders and buyers are probably getting impatient now and gambling towards price moving upwards. Even if price declines in coming months there will be guarenteed resistance in my opinion. I wish I could buy more at low prices.

STT

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BTC has a positive trend on many time frames, you can tell when we start to have multiple alignments across time frames because we get positive action and spikes like has been occuring recently. The simpliest way to view general positivity or not is the moving averages. Both 200 day and 200 week are positive, it doesnt mean we cannot sell off but the general trend is towards accumulation or positive price ascent on the chart, we are still challenged in 2023 imo; Im not expecting take off just yet but repeatedly we had demonstration of positive BTC.

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Quote from: Woodie on October 22, 2023, 05:46:31 PM

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

Quote from: Best-mary on October 14, 2023, 11:19:03 AM

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news Roll Eyes

but it's good to see what to expect on e the approval comes in.

I agree with you. Though I got my dual investment ready to leverage the opportunity. We just hope this manipulation in Bitcoin will come to a minimal

danadc

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Well, I believe that both things can Happen, or it is a bearish or Bullish trend, but at $30k it seems like a consolidation or a stage where the price is sideways, it can happen, I'm not sure, but seeing that the different ones can happen type of scenarios that I can upload that would make me very happy, although I want to accumulate much more in satoshis , because for me it is what will be more Popular in the future, a small part of bitcoin is what makes us what can make the difference, For this reason, more trust can now be generated in bitcoin, we are sure that bitcoin is already Taking on the importance that it should have Given since 2009.

Woodie

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At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

Quote from: Best-mary on October 14, 2023, 11:19:03 AM

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news Roll Eyes

but it's good to see what to expect on e the approval comes in.

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Quote from: Captain Corporate on October 14, 2023, 11:29:30 AM

I believe that it is in neither trend right now. People think that these trends of bull or bear meaning the price, but it means the direction not the price. SO a lot of people do not realize that no matter how much a price drop happens or a price increase happens, if the price stays flat for a long time then it is none of them. I have seen it not do all that weirdly so far and I am thinking that we are going to do a bit more common for a while as well and not really move up or down too much. This doesn't mean that a small chance won't happen, as much as %10 could possibly happen in either direction, that would be the highest I would say until its a trend. But anything under that and I consider that as normal and neither trends.

Bitcoin doesn't need any trend because it has two different seasons that are both crucial for bitcoin to survive in the market. And while bearish season can be crucial because it brings opportunities to the people to enter the market, bullish season is crucial as well as it offers the people the best time to seize the profits from their bitcoin investments. And regardless if the market is bullish or bearish at the moment, that is not important at all because we all know how this bitcoin market will look like months or year from now most especially that bitcoin halving is nearly approaching.

The most important here is never be triggered by any market crash as bitcoin will certainly recover in time. There's no problem seeing bitcoin price dropping if that could create opportunities for bitcoin to soar its price higher from its previous price.

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Quote from: adultcrypto on October 21, 2023, 01:35:34 AM

Quote from: lombok on October 20, 2023, 08:04:00 PM

As long as Bitcoin is still below MA200, I think Bitcoin is still in a bearish trend. There's not much to do other than buy more BTC and Hold. Wait patiently until the BTC price is above MA200 and we will switch to a bullish trend. And usually before the halving there will be a fairly deep price decline before rebounding and turning bullish. However, this also cannot be used as a benchmark because current conditions and conditions before last year's halving are also different, history may repeat itself, but if factors and conditions are different then the price journey this time will also be slightly different from previous history.

I think this is a more conservative way to put it to avoid drawing wrong conclusions. The recent rise in price is not enough confirmation for a bullish market because knowing how Bitcoin moves, it is possible that the bullish move of a week can be eaten up in a day if the bears take charge of the market. Therefore, just like you pointed out, it is better to wait until the 200 moving average is broken before we conclude.

I don't know why so many people are saying the bullishness is starting, aren't ups and downs like this commonplace? In fact, the price reaction in previous years was even wilder, where a 10 percent increase was followed by a 20 percent price decrease?
For traders maybe this is an opportunity, but for investors this increase is nothing, they are definitely waiting for even higher prices (which is new ATH/a few years longer)

MA200 is a benchmark that is often used as a benchmark as the start of a trend or a marker of a trend.

Topic: Is Bitcoin In Bullish or Bearish Trend? - page 4. (Read 990 times)