Theoretical reason for the bullish bitcoin now.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: ?? on ??

The cryptocurrency market has fallen very deep in 2018 and early 2019 and this is a very suitable time for this market to recover.
Bitcoin is receiving great attention from the community so growth back in the past is predictable. I believe that from now until the end of the year, the market will be booming.

We are not hopeless anyway, we are still waiting for the right moment that Bitcoin will fully recover from a very long dip happen. Our full support for bitcoin is the only thing we can help. Indeed, we started to recover but isn't strong to see it straightly going up rather than to have a zigzag line. This trend means that the market is having a huge difference from how it started but of course, we can't discard any chances that we reach into at its peak again.

JPSelzer

member

Activity: 689

Merit: 14

World's First Crowd Owned Cryptocurrency Exchange

Yes, I also believe that bitcoin will show a good value soon. But there is still a correction ahead of us and after we will see new highs. I hope that after this correction altcoins also Wake up and show their growth.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: buwaytress on July 13, 2019, 04:31:11 PM

I've got a lot of opinions about this, and they generally conflict each other but I'll start at your last point: only invest not only what we're willing to lose, but what we should assume we will lose. That is really the only way to enter this experiment (yes, it is still one) without creating any expectations.

I too believe in cycles and history repeating itself, but I'm probably a lot more patient than most others and I'm ready to see a lot worse crypto winters come first before another spring repeats.

I mainly add part about investment because of newbies who read this, and some of them think that older members have some inside info about future price, but we have only more experiences. When it comes to cryptocurrency there is time for investment, time for profit and time for hold, and I think now is still good time to investment because we are not still in bull run, but in some kind of pre-bull run.

Maybe I am wrong, but big things will probably start to happen after halving and this is just warming up now. Last crypto winter was long, but a few months ago the spring started, and we should enjoy it. When the summer end on the northern hemisphere people will start to invest more in bitcoin, and that means we can expect much more than where we are now.

EdvinZ

sr. member

Activity: 994

Merit: 260

I think that the main reason for the bull run now is that 2020 is approaching, in which there will be a decrease in the reward for the mined Bitcoin block. The Facebook's Libra project also draws more attention to cryptocurrencies. In addition, many global brands want to launch their own cryptocurrencies. These trends in the aggregate provide fuel for the growth of Bitcoin.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: ?? on ??

Quote from: LUCKMCFLY on June 26, 2019, 11:15:54 AM

Now that we are in a fairly long Bitcoin stage of Accumulation, according to Wyckoff's scheme or theory we can say that we are entering an uptrend, it may go down a bit and then rise, believe that this time the bullish rally could reach $ 20k ? Many talk about the fact that the bitcoin ceiling is $ 50k, others talk about $ 100k and the most positive ones say $ 1M. It is a good time to make the corresponding investments, I think we can say that we are ready for new highs? To my way of thinking and how I see trading and the Bitcoin market I see the bullish Rally much more viable.

I think the reason is very simple if we do some kind of things properly then the reaction will be e came to us like we are expectation that is the thing going on in Bitcoin field also and I expect this changes from the Bitcoin from a long period of time

as well as my belief, that at this time bitcoin is on an uptrend, and the decline is only temporary before bitcoin continues its upward movement. this is very beneficial for long-term investment, which is not affected by price fluctuations

buwaytress

legendary

Activity: 2912

Merit: 3603

Join the world-leading crypto sportsbook NOW!

Quote from: Lucius on July 13, 2019, 10:05:56 AM

I would say that it is about pattern which is visible if you look at the history of bitcoin, and this time the only difference is in numbers. $20k is last ATH, and I believe like many others that at a given moment this level will be very easy to break, and that new ATH should be at least x5 (so maybe $100k). This is just based on previous events, and fact is that we see in less then a year x20 increase in price which was truly amazing.

Can the history repeat? My personal opinion is that this can happen, but this time starting point will not be $1000, but probably close to $20k even before next halving.

But considering that this is a bitcoin, we should always be careful and invest only what we are willing to lose.

I've got a lot of opinions about this, and they generally conflict each other but I'll start at your last point: only invest not only what we're willing to lose, but what we should assume we will lose. That is really the only way to enter this experiment (yes, it is still one) without creating any expectations.

I too believe in cycles and history repeating itself, but I'm probably a lot more patient than most others and I'm ready to see a lot worse crypto winters come first before another spring repeats.

marine4u

full member

Activity: 673

Merit: 105

Quote from: ?? on ??

It seems to me that the growth rate of Bitcoin prices in 2017 was much higher than now. In addition, we can compare prices for other cryptocurrencies, including ethereum, which also had a good upward trend during that period, and today the situation is much different.

The cryptocurrency and Bitcoin markets are having a very strong return and I believe that the peak in 2017 will quickly be broken in the end of 2019 and early 2020. Bitcoin is the largest coin in the cryptocurrency market and certainly that it will be the first choice for investors when returning to this market so it is understandable that Bitcoin's price increase is very high.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: LUCKMCFLY on June 26, 2019, 11:15:54 AM

Now that we are in a fairly long Bitcoin stage of Accumulation, according to Wyckoff's scheme or theory we can say that we are entering an uptrend, it may go down a bit and then rise, believe that this time the bullish rally could reach $ 20k ?

I would say that it is about pattern which is visible if you look at the history of bitcoin, and this time the only difference is in numbers. $20k is last ATH, and I believe like many others that at a given moment this level will be very easy to break, and that new ATH should be at least x5 (so maybe $100k). This is just based on previous events, and fact is that we see in less then a year x20 increase in price which was truly amazing.

Can the history repeat? My personal opinion is that this can happen, but this time starting point will not be $1000, but probably close to $20k even before next halving.

But considering that this is a bitcoin, we should always be careful and invest only what we are willing to lose.

sana54210

legendary

Activity: 3276

Merit: 1128

Quote from: el kaka22 on July 12, 2019, 03:47:45 AM

I agree that adoption has played a big role in it as well, I mean it has been around 3-4k too long while the number of people coming into bitcoin increased very much and eventually with April there was way too many transactions which caused the bitcoin going up of course.

There is only a limited number of people selling bitcoin at a certain price, you can't just put a billion dollars and buy bitcoin at the same price over and over again, it will go up, so even though it wasn't a billion dollars the more people came into bitcoin and the more they bought the number of people bitcoin increased significantly thanks to adoption and that resulted with bitcoin going up and when it goes up super fast like it did then even more people join so it keeps going up and continues that trajectory.

So you think that it is the accumulation of adoption that made the price shoot high that first of April, one question you need to ask is how is it possible that everyone would just have the same mind at the same period of time to put money into the market, for the value of any coin to suddenly shoot suddenly and not gradually, it means the volume transacted must have been done at once, and I don’t think everyone will just decide to make investment at once when there is nothing controlling their decision.

I think this surge presently is just being done by market players, though we still have some level of adoption but more of market makers. We should not relent and eave the market into their hands, because it could be dangerous for some investors, we still need to push more for more adoption from real people out there that may have use for bitcoin.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

I agree that adoption has played a big role in it as well, I mean it has been around 3-4k too long while the number of people coming into bitcoin increased very much and eventually with April there was way too many transactions which caused the bitcoin going up of course.

There is only a limited number of people selling bitcoin at a certain price, you can't just put a billion dollars and buy bitcoin at the same price over and over again, it will go up, so even though it wasn't a billion dollars the more people came into bitcoin and the more they bought the number of people bitcoin increased significantly thanks to adoption and that resulted with bitcoin going up and when it goes up super fast like it did then even more people join so it keeps going up and continues that trajectory.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: Jating on June 27, 2019, 03:44:51 AM

I have my personal prediction that the price will hid a snag after reaching $13500, which eventually happen so I'm not surprised by the current retracement so far.

But I have to agree that there will be a lot of bumps along the way, I'm seeing that we won't reach any all-time-high at the end of the year, but it will be close so I think we can still go vertical in the next coming months and entering a bullish trend in 2020.

Looking at the market chart in the past few months you see that candles have continued to increase, this is almost the same as the chart in 2017, I can't be sure there will be ATH again or not, but anything can happen in the bitcoin market, even at the beginning of the year many people doubt about bitcoin market can recover this year, but all predictions are wrong, the price exceed $13k

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: Tungsten-1 on July 08, 2019, 02:05:52 PM

Quote from: MTL4 on July 06, 2019, 01:30:44 PM

Looks like pure price action to me, folks see it bottom, begins to turn for a breakout and then once you have the breakout take hold, it's FOMO 2.0

To me, the reason is always the market because every force over here that affects the value of Bitcoin is considered as a market factor. I think that the pure reason behind the price hike is huge speculation in the coins. We are expecting rise in the value of Bitcoin pre Bitcoin halving and that is the motivation for people in the crypto market to invest big.

It's the people behind who's willing to take part and make the movement of this market, bitcoin indeed still in speculative period and most of price
rise is in accordance to expectations that traders seen inside the market, if you believe that there's good chance to see higher uprise you will aslo
invest while its still cheap in value.

nightways

full member

Activity: 434

Merit: 102

Quote from: TheBusstop on July 06, 2019, 06:00:02 AM

My opinion and please don't get me wrong. the bull raise of bitcoin is affecting altcoins. Most investors wants quick profits and this has cause major sale off for altcoins. people are echanging there altcoins for bitcoins and this is affecting the altcoin market. we don't know how long this might go but hoping to see good moves for altcoins before december.

That has been the usual practice and which should not be strange to people, most altcoins falls when bitcoin goes on bull run except some of the strong altcoins that are still within the reach of bitcoin, I mean like the top 50 coins, those are the ones that are still trying to come up with bitcoin in its recent uptrend.

This period that altcoins is down should be the best opportunity for those who are yet to invest in these coins to buy as much as possible before all these investors that has dumped their coins for bitcoin for altcoins starts returning it back, and the time they will return it is when bitcoin starts to go sideways, so better to buy now when these altcoins have all bottomed, but we still have to do our research to be sure that the coin we pick interest in has not become a dead coin already.

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: MTL4 on July 06, 2019, 01:30:44 PM

Looks like pure price action to me, folks see it bottom, begins to turn for a breakout and then once you have the breakout take hold, it's FOMO 2.0

To me, the reason is always the market because every force over here that affects the value of Bitcoin is considered as a market factor. I think that the pure reason behind the price hike is huge speculation in the coins. We are expecting rise in the value of Bitcoin pre Bitcoin halving and that is the motivation for people in the crypto market to invest big.

MTL4

newbie

Activity: 62

Merit: 0

Looks like pure price action to me, folks see it bottom, begins to turn for a breakout and then once you have the breakout take hold, it's FOMO 2.0

Baofeng

legendary

Activity: 2576

Merit: 1655

We have seen the correction already, $13800->$9800 but then again as OP has said we are very bullish so it didn't hold, the price pick up again and we are somewhat in a sideway pattern around $11k-$12k. I also think that we have past the accumulation period, specially when the price hits floor around $3200. I'm sure some of us here took that advantage to stash more bitcoin in their wallet and ride the waves, reaching as high as $13800. So yes, this could be just the beginning of $20k, $50k or even $100k in the next two years.

Spaffin

full member

Activity: 1316

Merit: 108

Quote from: TheBusstop on July 06, 2019, 06:00:02 AM

My opinion and please don't get me wrong. the bull raise of bitcoin is affecting altcoins. Most investors wants quick profits and this has cause major sale off for altcoins. people are echanging there altcoins for bitcoins and this is affecting the altcoin market. we don't know how long this might go but hoping to see good moves for altcoins before december.

In a sense, I think you are right. If you follow your logic, everything will soon return to the previous level, because in the pursuit of profit, users of cryptocurrency sold altcoin and bought bitcoin, and now when bitcoin has reached a certain level, which can already be considered irresistible in the near future, then to get the desired profit everyone will sell bitcoin. Further developments are not difficult to predict. But in these conditions, I do not see a bull trend at all.

Genamant

full member

Activity: 730

Merit: 102

Trphy.io

Quote from: LUCKMCFLY on June 26, 2019, 11:15:54 AM

Now that we are in a fairly long Bitcoin stage of Accumulation, according to Wyckoff's scheme or theory we can say that we are entering an uptrend, it may go down a bit and then rise, believe that this time the bullish rally could reach $ 20k ? Many talk about the fact that the bitcoin ceiling is $ 50k, others talk about $ 100k and the most positive ones say $ 1M. It is a good time to make the corresponding investments, I think we can say that we are ready for new highs? To my way of thinking and how I see trading and the Bitcoin market I see the bullish Rally much more viable.

i think the news about launching of the libra coin of facebook has a big impact to this bullish market
and also the news about FED and some FOMOS i guess

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: leowonderful on July 03, 2019, 07:58:01 AM

FOMO's also helping Bitcoin move up, though there's still plenty of people that are looking to short and we have areas of consolidation every now and then too, and we are in one now. Don't be fazed by the noise, zoom out to higher timeframes and don't stare at lower timeframes too much and you'll do fine. Even in major uptrends there are corrections that shake people out and the move up continues up.

Many traders and investors are looking for short term price movement in making trading decision but in trading things don't work in that way. You have to look at the long term when you want to invest and that is what @leiwonderful is trying to tell us. If you can analyze charts then try to study monthly and weekly charts and you will understand that now is the best time to invest and this is the beginning of another bullish trend. Bitcoin has done well this year and it is less risk to invest in it for now.

TheBusstop

jr. member

Activity: 280

Merit: 5

My opinion and please don't get me wrong. the bull raise of bitcoin is affecting altcoins. Most investors wants quick profits and this has cause major sale off for altcoins. people are echanging there altcoins for bitcoins and this is affecting the altcoin market. we don't know how long this might go but hoping to see good moves for altcoins before december.

radjie

sr. member

Activity: 1792

Merit: 264

Quote from: spadormie on June 27, 2019, 02:28:06 AM

Quote from: joniboini on June 26, 2019, 11:19:51 PM

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

2. Libra which is launched by Facebook

People keep mentioning Libra but I can't find any relation at all, except maybe irrational excitement. The new LedgerX futures is more suitable if you want to explain the recent bull run instead of Libra.

Yeah, a lot of people on our board is also believing that this is because of the Libra coin to be launched by FB. Technically it's not for me since the launch will take place next year not this year. So what's with the hype? Lol.

some of them have linked a bullish event this time because there will be libra coins to be launched by Facebook, but I don't think this has anything to do with it. the recent increase is of course due to the return of investors who do not want to miss out to make a profit by investing in bitcoin because they believe that in the next few years bitcoin will have very valuable value

nowlscor18

member

Activity: 282

Merit: 11

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

The recent corrections happening had a purpose for bitcoin to become bullish, because this will attract more adoptions. Many buyers will come and hold btc as they grab this chance while the value go down quickly. As of this days btc continue to develop a good mementum aiming for highest possible price.

beerlover

legendary

Activity: 2996

Merit: 1188

I am not entirely sure if this was an accumulation stage at all. This was probably a cashing out phase where many people who have lost their money during the 20k bull times to 3k bear run and finally getting out, the sad part is most of them won't even get back.

A lot of people went into bitcoin during 12k times, we didn't stay there as much as 6k times but those people are long gone anyway so we are here with the second highest price we stayed for so long and many people are taking advantage of this time to sell and finally be done with bitcoin they have been waiting to get rid of for months (even over a year). Accumulation happens when bitcoin price doesn't get high and just stays the same and people collect bitcoin, that was during the 7.8k times after we dropped from over 9k, this was just cashing out period.

Cherylstar86

sr. member

Activity: 1484

Merit: 253

I'll go for a simple reason for bullish bitcoin, adoption and great potential is what made btc soar independently. Right now the declined value seem to be exciting to see, because you'll be surprised one day when you wake up the price will bring hope to our dreams. Don't be bored waiting, just enjoy the ride of roller coaster.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

FOMO's also helping Bitcoin move up, though there's still plenty of people that are looking to short and we have areas of consolidation every now and then too, and we are in one now. Don't be fazed by the noise, zoom out to higher timeframes and don't stare at lower timeframes too much and you'll do fine. Even in major uptrends there are corrections that shake people out and the move up continues up.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: justdimin on July 02, 2019, 12:34:07 PM

When I look at these charts I just can't avoid seeing all those ups and downs, there are so many ups and downs and people are still worrying about how even a slightest fall could be the start of another bear run or slightest up is the start of a bull run. Not all drops equals to bear run and not all ups equal to a bull run.

Maybe this one is one of those as well, maybe we did dropped a bit but that was just bitcoin doing what it does best and being volatile, maybe it will continue to go above 18 thousand dollars all of a sudden? Or maybe it will go back down to 8 thousand dollars who knows? Reading charts is not something for me but whenever I look at those I just can't believe people miss out on the biggest of the details like this, don't worry about all movements, some of them are just volatility and that's it.

Predicting a volatile coin is not so much easy to do, sometimes, when you want to take a start is when the market goes the opposite direction, which makes it very difficult for people to see the opportunity in those ups and downs, those ups and downs are what really make the market very interesting, because they are the ones that gives opportunity to the buy and sell we do see most traders do.

There is absolutely one thing I am certain of right now, we are very far from another bear market, I think till we set a new all-time high for bitcoin and altcoins before we can start picturing another bear market, any down we see now is simply just going to be a correction, which we need to see as opportunity for investment, but a carefully chosen one, because it is not every little correction we should quickly jump into.

serjent05

legendary

Activity: 2884

Merit: 1258

Up to 300% + 200 FS deposit bonuses

Quote from: joniboini on June 26, 2019, 11:19:51 PM

Quote from: Botnake on June 26, 2019, 09:35:04 PM

Anyway, let's just expect some correction, but for now, it's wise to enjoy what's happening so far.

Correction already happened. I hope it will go sideways for a few more weeks to give alts time to grow (my portfolio sucks as hell right now).

I agree, that was a steep uptrend, no wonder a sharp downward correction follows it. Well I have my altcoin portfolio on green and sold some of them taking about 3x profit. Lucky me I guess. Grin

Quote from: joniboini on June 26, 2019, 11:19:51 PM

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

2. Libra which is launched by Facebook

People keep mentioning Libra but I can't find any relation at all, except maybe irrational excitement. The new LedgerX futures is more suitable if you want to explain the recent bull run instead of Libra.

Same here, probably FB needs the Bitcoin enthusiast sentiments. That is why they are tapping that Libra is one of the reason why Bitcoin is at its bull run now. And now that Bitcoin had some correction, why not any article stated that it is because of Libra that Bitcoin price goes down... (Sounds unfair)? Huh

It is so because, Libra is no way connected or have any relation on the current Bitcoin trend.

jigzaheedcoin

member

Activity: 194

Merit: 10

☀️ Iskra Coin ☀️

Quote from: Coyster on July 02, 2019, 03:44:34 PM

Quote from: justdimin on July 02, 2019, 12:34:07 PM

When I look at these charts I just can't avoid seeing all those ups and downs, there are so many ups and downs and people are still worrying about how even a slightest fall could be the start of another bear run or slightest up is the start of a bull run

This is the fear of every investor, what to and what not to expect, anything is possible at a snap of the finger, it could all be going rosy and up, and the next minute, it comes crashing down.
This for sure is an obvious bull run, for how long it can be sustained is what's not yet known, the last few weeks have been a good one for investors,the green charts I'd a wonderful sight to behold, we can only hope it keeps up this way, I wouldn't put my money on that though.
.

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

2. Libra which is launched by Facebook

I strongly doubt this.

Let's wait for the actual market phase now, we still didn't know exactly to when those coins with new appearance be profitable for everybody. Many holders also preferred to hold instead of dumping, and not it created a big remarks on them to buy additional asset in order to have additional asset quantity. The declined price gained interest for new investors.

Coyster

legendary

Activity: 2058

Merit: 1270

Play Poker on Telegram

Quote from: justdimin on July 02, 2019, 12:34:07 PM

When I look at these charts I just can't avoid seeing all those ups and downs, there are so many ups and downs and people are still worrying about how even a slightest fall could be the start of another bear run or slightest up is the start of a bull run

This is the fear of every investor, what to and what not to expect, anything is possible at a snap of the finger, it could all be going rosy and up, and the next minute, it comes crashing down.
This for sure is an obvious bull run, for how long it can be sustained is what's not yet known, the last few weeks have been a good one for investors,the green charts I'd a wonderful sight to behold, we can only hope it keeps up this way, I wouldn't put my money on that though.
.

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

2. Libra which is launched by Facebook

I strongly doubt this.

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: Jating on June 27, 2019, 03:44:51 AM

I have my personal prediction that the price will hid a snag after reaching $13500, which eventually happen so I'm not surprised by the current retracement so far.

But I have to agree that there will be a lot of bumps along the way, I'm seeing that we won't reach any all-time-high at the end of the year, but it will be close so I think we can still go vertical in the next coming months and entering a bullish trend in 2020.

We better be patient, because the current state of bitcoin is being corrected. We see after bitcoin touches the support point, which direction will it go next. which of course I hope it will bounce again, but if not, maybe I can get a cheaper price. But I still believe if the price will be higher at the end of this year when approaching halving.

justdimin

hero member

Activity: 3122

Merit: 672

www.Crypto.Games: Multiple coins, multiple games

When I look at these charts I just can't avoid seeing all those ups and downs, there are so many ups and downs and people are still worrying about how even a slightest fall could be the start of another bear run or slightest up is the start of a bull run. Not all drops equals to bear run and not all ups equal to a bull run.

Maybe this one is one of those as well, maybe we did dropped a bit but that was just bitcoin doing what it does best and being volatile, maybe it will continue to go above 18 thousand dollars all of a sudden? Or maybe it will go back down to 8 thousand dollars who knows? Reading charts is not something for me but whenever I look at those I just can't believe people miss out on the biggest of the details like this, don't worry about all movements, some of them are just volatility and that's it.

MadeinCoin

legendary

Activity: 1386

Merit: 1003

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

I think there are some reasons to impact this bullish trend:
1. Bitcoin Halving to be occurred on 2020, now is just beginning of bull run.
2. Libra which is launched by Facebook
3. More countries have accepted cryptocurrencies

At least they are the reasons why Bitcoin including all crypto world is rising, but for Bitcoin bullish now is still just beginning. Perhaps there will be new high of Bitcoin price more than 20K as some people says 300K. I think it is possible.

The return of investors is actually also influential, because since the IEO was launched several exchanges a few months ago, not long after that bitcoin has increased. I think the IEO also plays an active role in increasing bitcoin this time.
And maybe the more we approach halving days, the higher the price of bitcoin, I believe that this year or the beginning of next year bitcoin will reach the new ATH.

davis196

hero member

Activity: 3094

Merit: 929

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

I think there are some reasons to impact this bullish trend:
1. Bitcoin Halving to be occurred on 2020, now is just beginning of bull run.
2. Libra which is launched by Facebook
3. More countries have accepted cryptocurrencies

At least they are the reasons why Bitcoin including all crypto world is rising, but for Bitcoin bullish now is still just beginning. Perhaps there will be new high of Bitcoin price more than 20K as some people says 300K. I think it is possible.

1.Bitcoin Halving is still in the future.
2.Libra has nothing to do with bitcoin.
3.I don't see any news about new countries accepting cryptocurrencies.
The only reason behind the recent short term bull run were the crypto whales.
I don't have any other theory about that.The OP,who wrote this thread also doesn't have a theory.Just a price chart and a bunch of suggestions.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Jating on June 27, 2019, 03:44:51 AM

I have my personal prediction that the price will hid a snag after reaching $13500, which eventually happen so I'm not surprised by the current retracement so far.

But I have to agree that there will be a lot of bumps along the way, I'm seeing that we won't reach any all-time-high at the end of the year, but it will be close so I think we can still go vertical in the next coming months and entering a bullish trend in 2020.

I already saw that the correction was going to come, I remember I had a discussion with my friend about this and he dished it, I told him based on the pattern bitcoin has been following for a while now, especially the moment it start its uptrend from the first of April this year, there is always a big correction that follows every high surge, this surge was getting so high and correction is very much possible back to $11k or below, but he said the trend will continue like this till it hit ATH.

This correction is natural, and I don’t think it calls for panic, the market will from here head back uptrend and this time around after this correction tried to break a barrier that is quite close to $15k within the next few weeks, and I think we might get stabilize around $18k at the end of the year for altcoins to start mooning too before it continues further with the increase next year.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

I have my own personal ceiling for bitcoin which is not bigger than the biggest stock exchanges in the world, which means between 4-20 trillion dollars is the phantom ceiling for bitcoin for me.

I say phantom because in reality there is no limit, it can be 1 trillion dollars for each bitcoin and even though we all know it makes no sense and it won't happen the reality is technically speaking it is possible, it is definitely impossible in financial stand point but not because of some technological reason. So considering that I say 200k is quite possible in our lifetime, of course not anytime soon but the max it can possible reach for me is about 200k, anything more is just way too risky and way too volatile, we are fine with bitcoin moving %10 but in that case just a simple %10 movement would be 20k as a whole.

hurry_hore

member

Activity: 294

Merit: 13

Quote from: joniboini on June 26, 2019, 11:19:51 PM

People keep mentioning Libra but I can't find any relation at all, except maybe irrational excitement. The new LedgerX futures is more suitable if you want to explain the recent bull run instead of Libra.

Quote from: spadormie on June 27, 2019, 02:28:06 AM

Yeah, a lot of people on our board is also believing that this is because of the Libra coin to be launched by FB. Technically it's not for me since the launch will take place next year not this year. So what's with the hype? Lol.
Hmm I don't think that this is because of bitcoin halving. What I observed from halving is that, after the halving that's where the beginning of bull run takes place.

All above are news, which is one great thing to influence a price. However I still believe that a price, not just crypto price, is affected by the strongest capital holder even some of the capital are owned by public. If that capital holder want to change the price, the price will move to the capital holder want. That capital holder will easily to pump by spreading FOMO, or to dump by spreading FUD. Forty Billion USD as is still controllable by a giant capital holder(s).

Jating

hero member

Activity: 2842

Merit: 772

I have my personal prediction that the price will hid a snag after reaching $13500, which eventually happen so I'm not surprised by the current retracement so far.

But I have to agree that there will be a lot of bumps along the way, I'm seeing that we won't reach any all-time-high at the end of the year, but it will be close so I think we can still go vertical in the next coming months and entering a bullish trend in 2020.

spadormie

sr. member

Activity: 840

Merit: 268

Quote from: joniboini on June 26, 2019, 11:19:51 PM

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

2. Libra which is launched by Facebook

People keep mentioning Libra but I can't find any relation at all, except maybe irrational excitement. The new LedgerX futures is more suitable if you want to explain the recent bull run instead of Libra.

Yeah, a lot of people on our board is also believing that this is because of the Libra coin to be launched by FB. Technically it's not for me since the launch will take place next year not this year. So what's with the hype? Lol.

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

1. Bitcoin Halving to be occurred on 2020, now is just beginning of bull run.

Hmm I don't think that this is because of bitcoin halving. What I observed from halving is that, after the halving that's where the beginning of bull run takes place.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: Botnake on June 26, 2019, 09:35:04 PM

Anyway, let's just expect some correction, but for now, it's wise to enjoy what's happening so far.

Correction already happened. I hope it will go sideways for a few more weeks to give alts time to grow (my portfolio sucks as hell right now).

Quote from: hurry_hore on June 26, 2019, 09:19:39 PM

2. Libra which is launched by Facebook

People keep mentioning Libra but I can't find any relation at all, except maybe irrational excitement. The new LedgerX futures is more suitable if you want to explain the recent bull run instead of Libra.

Botnake

hero member

Activity: 2856

Merit: 667

It's easy to explained what is happening now, bitcoin is already in a bullish run and for me I listen more on the bullish prediction.
TA is still important but they don't matter most in the bull run as with FOMO, price could go as high as it can, and will be overvalued soon.
Anyway, let's just expect some correction, but for now, it's wise to enjoy what's happening so far.

hurry_hore

member

Activity: 294

Merit: 13

I think there are some reasons to impact this bullish trend:
1. Bitcoin Halving to be occurred on 2020, now is just beginning of bull run.
2. Libra which is launched by Facebook
3. More countries have accepted cryptocurrencies

At least they are the reasons why Bitcoin including all crypto world is rising, but for Bitcoin bullish now is still just beginning. Perhaps there will be new high of Bitcoin price more than 20K as some people says 300K. I think it is possible.

LUCKMCFLY

legendary

Activity: 2548

Merit: 1873

Leading Crypto Sports Betting & Casino Platform

Now that we are in a fairly long Bitcoin stage of Accumulation, according to Wyckoff's scheme or theory we can say that we are entering an uptrend, it may go down a bit and then rise, believe that this time the bullish rally could reach $ 20k ? Many talk about the fact that the bitcoin ceiling is $ 50k, others talk about $ 100k and the most positive ones say $ 1M. It is a good time to make the corresponding investments, I think we can say that we are ready for new highs? To my way of thinking and how I see trading and the Bitcoin market I see the bullish Rally much more viable.

Topic: Theoretical reason for the bullish bitcoin now. (Read 558 times)