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Topic: Return of the bull? - page 3. (Read 851 times)

legendary
Activity: 2982
Merit: 1028
January 18, 2020, 01:01:01 AM
#70
How long bitcoin keep continue for growing up with always have moment to make keep stable with higher price, but when halving is coming bitcoin could have bigger chance to see with higher price and keep stable to move on the top price for bitcoin, but always have bad side could make bitcoin back with lower price again.
It's  part of the cycle that everybody needs to understand in order to take good benefits. With this behaviors if you able to catch up the right train then your chance of earning a lot is very possible. Bull trap is dangerous to those who doesn't have any ideas of what they are doing but for people who already know what to do, it's an advantages to take to make a winning positions.
STT
legendary
Activity: 4102
Merit: 1454
January 17, 2020, 11:21:56 PM
#69
Return of a bull that never left, there are buyers every day so I think the difference is the sellers vs those buyers and the balance shifted.    Its always a strange situation as once the price does start to rise, it brings in new buyers and possibly the sellers decline so we get a grand shift from one weighting to the other side.   In BTC this happens quite alot, its a price which tends to go on runs between two quite extreme points in a range.

This is not the big trend just yet.  I dont see that, a good trend even positive must be pegged out with both highs and lows and a regular set develops into a trend of buying and rising prices persisting.   This isnt that yet, its just a break upwards starting mostly from the 50 day average.   It can run a while, on another price list for the halvening I did guess as high as 11k or more.   Now I think it might be higher but near term I expect us to sell off from a certain point of resistance when we meet it.  The reason is speculators want to sell, others are less of the price and enter more slowly hence a trend is required.

sr. member
Activity: 728
Merit: 250
January 17, 2020, 10:54:08 PM
#68
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
It is too soon to see such a significant impact coming from the halving, most likely what we are seeing is an attempt by the bulls to change the trend of the market, and they are very close to get their way since now the price is awfully close to the SMA 200 which is acting as a resistance, if that level is surpassed you need to prepare yourself since we could see a huge growth but if it does not happen then most likely the price will go down a little bit.
legendary
Activity: 3038
Merit: 1169
January 12, 2020, 12:35:04 PM
#67
It is too early to say that the bull run already returns in my opinion, I think this is because of the impending Halving that many are surely returning, Even though we had a huge climb up of the price, in my opinion, it is just a slight pump indicating it to be a bull run already,

But I guess we can not be so choosy in giving this a shot, Still, you can surely get on to the ship and take a plunge to the wave of increasing values that is if you had financial money to spare because I think it will still go up furthermore up.
legendary
Activity: 1974
Merit: 1150
January 12, 2020, 12:01:37 PM
#66
I thought that might be the reason initially, but that situation seems to have cooled down in the past few days and bitcoin is still above $8k.  I'm not sure why any political situation would be responsible for bitcoin going up, to be honest, because it isn't as though it's a safe-haven asset like gold or silver.
Of course bitcoin is not a safe and risk-prone asset. Some people also say, a big risk will generate huge profits. I dont think this would be right if the investor or trader never really knew how to do it.

I think this recent rise could be due to speculators buying in anticipation of the halving, hoping to make easy money if and when bitcoin goes up even further.
True, many investors may believe that after halving the price of bitcoin will skyrocket like what happened in 2017. But who knows, because it is only speculation and there is still the possibility of contradicting the facts that will occur.
legendary
Activity: 3556
Merit: 7011
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January 12, 2020, 11:40:28 AM
#65
As always, there is no way to know for sure what caused the price rise, but people are mostly leaning on current geopolitical events, concerning Iran and the United States.
I thought that might be the reason initially, but that situation seems to have cooled down in the past few days and bitcoin is still above $8k.  I'm not sure why any political situation would be responsible for bitcoin going up, to be honest, because it isn't as though it's a safe-haven asset like gold or silver.

I think this recent rise could be due to speculators buying in anticipation of the halving, hoping to make easy money if and when bitcoin goes up even further.  And it's odd to think about cause and effect here, because is it the halving itself that causes bitcoin to boom, or is it the speculators buying in, thinking it's going to boom and thereby causing the price to rise?  Who knows. 

I've never been one to look for explanations for market movements anyway, and if you think about it, bitcoin hasn't even gone up all that much.  It's a nice little pop, but it's nothing to get all excited about.
legendary
Activity: 1473
Merit: 1086
January 12, 2020, 11:32:30 AM
#64
Despite this slow market improvement, I'd never get hopeless that it will be fine this year.
Actually, I've preferred to have a situation like this. If we could recall and for many times that the market price goes high faster and the quicker it goes down in returns just like it happens during the bullish season. We experience a few months in Bullrun but we also struggle years of bearish. And it doesn't look so good for me. Will, it hopes that it could be different this time.

The current retreace is indeed very healthy. Otherwise it would be to fast to early. We need to break out of the downward channel with some force or with some time. Hopefully it works out in the next 2-3 weeks.
sr. member
Activity: 2016
Merit: 456
January 12, 2020, 11:07:46 AM
#63
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
I also initially thought that the rise in the price of bitcoin was triggered by the halving that would occur. it's just that, after a while of reading the information available, many speculate that the current price increase is due to a heated relationship between Iran and America. well, if this is outside halving, then the price of bitcoin will rise to a higher level if supported by halving that will soon happen.
sr. member
Activity: 2436
Merit: 343
January 12, 2020, 10:36:24 AM
#62
It turns out that the pumping didn't bring bitcoin soaring and now it's back down, so I think this bullrun is still not here yet, maybe there are some turbo influences right now.
But we will see in the next few days whether this pump will continue to exist because this could also be the influence of halving that will be approaching so that the pumping is happening now dump.
I would not have thought that the fall in prices now caused by the pope.

the possibility of the whale plays a role in manipulating current prices or is also caused by imlek celebrations in the near future so that market prices are not able to experience a sharp increase even tend to decrease its value again in the next few days
Despite this slow market improvement, I'd never get hopeless that it will be fine this year.
Actually, I've preferred to have a situation like this. If we could recall and for many times that the market price goes high faster and the quicker it goes down in returns just like it happens during the bullish season. We experience a few months in Bullrun but we also struggle years of bearish. And it doesn't look so good for me. Will, it hopes that it could be different this time.
hero member
Activity: 1484
Merit: 516
January 12, 2020, 10:22:45 AM
#61
It turns out that the pumping didn't bring bitcoin soaring and now it's back down, so I think this bullrun is still not here yet, maybe there are some turbo influences right now.
But we will see in the next few days whether this pump will continue to exist because this could also be the influence of halving that will be approaching so that the pumping is happening now dump.
I would not have thought that the fall in prices now caused by the pope.

the possibility of the whale plays a role in manipulating current prices or is also caused by imlek celebrations in the near future so that market prices are not able to experience a sharp increase even tend to decrease its value again in the next few days
hero member
Activity: 3038
Merit: 634
January 10, 2020, 02:54:01 AM
#60
Reasons over reasons and we're all speculating what's the cause of the sudden price pumps and now that the price starts to drop again, I guess everyone will still look for the reason why the prices are like that again.

We thought of halving and also the timely issue of Iran and US potential and now that it seems that there will be no counter-attack, the price starts to get lowered. But in all of this, we don't know the actual reason behind that and we will still lean to the most factor of the prices and that's the normal cycle.
hero member
Activity: 1106
Merit: 506
January 10, 2020, 12:10:26 AM
#59
I think the rise of bitcoin a few days ago was indeed affected by the Iran and American conflicts. when relations between the two countries heats up the price of gold, oil and bitcoin have increased. while some joint stocks suffered a decline. and these two days the value of bitcoin has decreased and returned to the level of $ 7k. by looking at this chart I think the bull market is not here yet. right now we are still in the bear market.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
January 09, 2020, 10:26:28 PM
#58
It turns out that the pumping didn't bring bitcoin soaring and now it's back down, so I think this bullrun is still not here yet, maybe there are some turbo influences right now.
But we will see in the next few days whether this pump will continue to exist because this could also be the influence of halving that will be approaching so that the pumping is happening now dump.
I would not have thought that the fall in prices now caused by the pope.
full member
Activity: 406
Merit: 104
Convert Crypto at BestChange
January 09, 2020, 08:56:44 PM
#57
I don't know the main reason behind the recent pump, some say halving hype is the main reason and some say Iran and USA collision is the reason behind it! It can be because the bitcoin price already started falling down when the Collision is over!  Personally, I think Bitcoin halving still far away, Bitcoin price won't get good umps at this moment because of halving hype, it will reflect on October- November of 2020!
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
January 09, 2020, 01:43:17 PM
#56
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
We dont know what exactly happened because that is an unpredictable thing. Now, Bitcoin price was slowing down and I think we are now again facing a long term correction of price in Bitcoin. It breaks from the recent up of $8k and now it back again to $7k range price but still, no one knows what will happen. Who knows the price will go up after the next halving of bitcoin just like what happened the previous one.
sr. member
Activity: 952
Merit: 251
January 09, 2020, 01:30:25 PM
#55
Gold and Oil are getting more expensive, Bitcoin (was) is a nice option if you look back and the yearly trend on this period.
that’s true now a day best choice to invest your money is bitcoin because bitcoin has good value in market as it had successful journey in market. Now so many people sold all their assets and moved to crypto (bitcoin).  It’s almost bull because price made progress and it has become $9000 in few months from $5000 that's why soon market is going to be bull soon.
legendary
Activity: 2058
Merit: 1015
January 08, 2020, 07:57:05 PM
#54
Although we've seen progress this past few days, it's too early to say that bull is back. I believe we are still at bear market, that improvement isn't enough to call a bull. The price didn't even sustain at $8k. Don't forget about Chinese New Year, it's possible it may cause a price fall. For me, if we crossed $15k, that's the time it's safe to say that we are already at bull run. Anything at $10k could be another bull trap but if another country will join the war (hope not) that can possibly trigger the bull run early.
hero member
Activity: 952
Merit: 513
January 08, 2020, 07:45:22 PM
#53
I would say so.

A lot of people want to attribute the tensions in Iran and the gold price spiking to bitcoin's bull run. While this could have been a contributing factor I don't think that it is the main reason.

I think that the main reason is still due to bitcoin's natural price cycles which operate on around a 4 year basis each time. 2020 was bound to be quite a bullish year full of bitcoin rallies after 2019 continued to be bearish in the second half, at the very least, and with the halving coming up it's no surprise.
hero member
Activity: 2464
Merit: 519
January 08, 2020, 03:00:21 PM
#52
I still dont have the news of those who will be in the market this year, we just feel the halving is capable of raising the price it self. Last year was activities of the institutions and money movement from altcoin to bitcoin. I dont see much of movement from altcoin to bitcoin this year cause the weak hands have left the altcoin space. Exchanges are quiet at the beginning, I guess they are looking for the top exchange moves to decide the market move this year. Lets watch out for the participation of Government this year.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
January 08, 2020, 02:36:37 PM
#51
no one knows the exact reason, maybe it has something to do with the news that is happening, maybe because it's approaching "bitcoin halving" but without it all in bitcoin technical analysis also began to show a positive trend, hopefully this is a good start for bitcoin.
Today Bitcoin prices indeed show a significant price increase, Many believe that this is because of the conflict between Iran and US where Iran has fired dozens of missiles at US military bases as revenge. But I see this only as the beginning of price increases ahead of Halving Bitcoin.
The sudden pump might likely be as a result of tension between the two countries the price of bitcoin had shown a tremendous increase since the beginning of the crises till today however immediately after President Donald Trump press release on the aftermath of Iran firing some missiles into US bases in Iraq there was a sudden dump in the price of bitcoin from $8300 to $8000.
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