Topic: Will a BTC bull market begin in July? - page 5. (Read 1334 times)
Most experts provide various forecasts, confirming their words or corresponding schedules and other circumstances that exist in the world. but nevertheless, the cryptocurrency market was always unpredictable and could surprise with the subsequent development of events. It seems to me that this year there is no need to hope for such drastic changes in the cryptocurrency market. But next year, bitcoin may bring us a surprise with a fairly good and stable price increase. In my opinion, it is the global economy, as well as the coronavirus, that will affect this situation. In addition, we must take into account that more than once it has been said that the United States is constantly increasing the money supply, because it is really in short supply, especially in Africa and Asia. And this causes a drop in the value of the dollar. Thus, many investors will look for alternative assets for investments that will not be subject to inflation. I believe that Bitcoin is a very good choice for this, like many other coins in the cryptocurrency market.
But if we take an even larger scale, it turns out that in order to exit the bear market it is necessary to exceed 20k, right?
I wouldn't say so. I define bear markets based on pivot highs and lows. To form an uptrend, we need to see successive higher lows and higher highs. You can see since the 2017 top that the market has seen nothing but lower highs:
https://i.imgur.com/wdWMWlT.png
Breaking above $10.5K will form the first structural higher high. That will indicate the bear market has ended. We'll get additional confirmation of a bull market when the June 2019 high is breached, and subsequently when the market confirms another structural higher low like December 2018 or March 2020.
Breaching $20K will provide yet another confirmation. I wouldn't wait for $20K to turn bullish on this market though.
Interesting reasoning, I understand you. I can’t say that I completely agree with you, but thanks for the details. Now if we look at your reasoning from the other side: will it be correct to say that if bitcoin does not break this high in the near future, will we see prices below 8k (7?)?
It all depends what time frame we're talking about. If you zoom out to include last year, we've seen all lower highs and lower lows since June 2019. That's a bear market.
To break that structure, bulls need to break and hold above $10.5K.
To break that structure, bulls need to break and hold above $10.5K.
But if we take an even larger scale, it turns out that in order to exit the bear market it is necessary to exceed 20k, right?
I wouldn't say so. I define bear markets based on pivot highs and lows. To form an uptrend, we need to see successive higher lows and higher highs. You can see since the 2017 top that the market has seen nothing but lower highs:
Breaking above $10.5K will form the first structural higher high. That will indicate the bear market has ended. We'll get additional confirmation of a bull market when the June 2019 high is breached, and subsequently when the market confirms another structural higher low like December 2018 or March 2020.
Breaching $20K will provide yet another confirmation. I wouldn't wait for $20K to turn bullish on this market though.
July is here and bitcoin seem to keep loosing volume. The corona pandemic has really changed the equations we have before. I think and I do believe that bitcoin is not going to move very significantly this month.
BTC is a forever trusted cryptocurrency so it will pump and dump at anytime, The current market is cat on the wall, so we never predict the when bull run will possible in Bitcoin. Normally Bitcoin is going to moon on end of the month, But recent COVID is totally unpredictable the current economic development so we just trust the future pump and invest the Bitcoin is a only way in this month. I hope next year we are all see some possible growth in BTC.
July is already here and there are no signs of a bull run. You are right about it that it may take a year or a half when we see the bull run. I understand this is a lot of time but then those who are patience will get the better reward of holding the bitcoins. 2020 is a year where covid19 is dominating all the other activities and i see no bull run in this year.
I think its not possible bull in July and even not possible to cross $10k mark in this year. I am waiting for 2022 going to Moon.
BTC is a forever trusted cryptocurrency so it will pump and dump at anytime, The current market is cat on the wall, so we never predict the when bull run will possible in Bitcoin. Normally Bitcoin is going to moon on end of the month, But recent COVID is totally unpredictable the current economic development so we just trust the future pump and invest the Bitcoin is a only way in this month. I hope next year we are all see some possible growth in BTC.
3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Not too early man. Just like what you said, there's no signs yet. No significant turning point yet, all we have is bullish speculations from crypto analyst and self proclaimed crypto Nostradamus.
As you can see, the Bitcoin network becomes busier and It seems that there's a wider adaption happening ,but still didn't make any positive impact yet.
Most likely we'll get to see a short rise touching beyond $10,000 level on the fourth quarter of this year.
Realistic predictions is below $15,000(highest) before the 2020 ends.
So far its weakness and into the weekend where normally theres some rise. The main markets are quite positive at the moment so that entire context I dont think BTC is doing great overall and I'm not bullish on my opinion for its progress at least in this summer I think its lagging and best idea is neutral until we are disproved otherwise.
Loses 2 day average nothing dramatic, just nothing at all really. On 4hr bars it only managed to stay above weekly average for 5 bars before dipping below again, its worse to try and fail and fallback and shows thats the correct direction or thats my interpretation.
Loses 2 day average nothing dramatic, just nothing at all really. On 4hr bars it only managed to stay above weekly average for 5 bars before dipping below again, its worse to try and fail and fallback and shows thats the correct direction or thats my interpretation.
The price can go either way but we also think it is following a familiar trend from 2016, some still expect a minimal dump in price before the pump, maybe in few weeks. The resistance at both (Lower and high) ends look weak and it is acall for concern on swing in either way. We just need to decide where to stay; in altcoin and bitcoin, if both? at what proportion.
As far as I know, Bitcoin is already in a Bull market since the first quarter of the month, probably the question would be if the bullish market will start to kick in this July.
It all depends what time frame we're talking about. If you zoom out to include last year, we've seen all lower highs and lower lows since June 2019. That's a bear market.
To break that structure, bulls need to break and hold above $10.5K.
But if we take an even larger scale, it turns out that in order to exit the bear market it is necessary to exceed 20k, right? I do not think that this is the correct reasoning since in this global bear market there were times when bitcoin made x3. It seems to me because of the great volatility of the crypto, the concept of a bear and bull market is very blurry here. And the only factor (price) cannot be as unambiguous indication, it is necessary to take into account both trading volumes and utilitarian use, etc.
3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Let's not rejoice yet, since there's no significant attempt that bull run could take a better dominance this month. However, don't lose such hope that in every milestone there's always a better future. Just stay still and calm while we don't market still trying to recover at most potential capability.
3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Let's not rejoice yet, since there's no significant attempt that bull run could take a better dominance this month. However, don't lose such hope that in every milestone there's always a better future. Just stay still and calm while we don't market still trying to recover at most potential capability.
3 days is nothing in the bitcoin world and also a lot of time in the bitcoin world at the same time. What I mean by this is that bitcoin price could go up a lot in three days, it could go up like a million times but at the same time it could not move at all for months, this is why I think it is crucial to know that bitcoin not moving for 3 days is not a big deal not because it can't go up in three days (it can go up a lot) but it can also stay the same for a lot longer period, this is the part where people are mistaking.
Wait a bit more, July is just starting out and it will continue for another 27 days and unless you are talking about some major stagnant record breaking situation, it will definitely move eventually, either up or down but it will definitely move to some direction.
Wait a bit more, July is just starting out and it will continue for another 27 days and unless you are talking about some major stagnant record breaking situation, it will definitely move eventually, either up or down but it will definitely move to some direction.
3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Bitcoin price isn't increasing and there are very less chances of it to increase even in the next week as well, as the price is currently not in a stable state and is declining from a few weeks as well. Dump is just around the corner and in a few weeks we can see the price fall below $9k and after the month of July or August mid we can see the price fall below $7k as well. A couple of my friends who did own about 10 bitcoins have already sold their coins in hope of buying again after the end of the bear market. 
3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Nothing is guaranteed as it is highly volatile market and this crypto itself can either rise or false thousands of dollars in the day. We have seen in past how it has risen or fallen in just one single day and can recover quickly as well. But somehow it has continue holding 9k levels then only we can see some rise in coming time.
Many assume that there's something great gonna happen at the first quarter of the month but actually it doesn't guarantee anything and yet we should consider the situation right now since we are facing a huge crisis which affect majority in terms of financial matters. And I don't know if we can see a quick recovery since we don't know yet on when this things ends up so best for now that we will be settled for the stable price and play for the volatility while the status is questionable.
3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Nothing is guaranteed as it is highly volatile market and this crypto itself can either rise or false thousands of dollars in the day. We have seen in past how it has risen or fallen in just one single day and can recover quickly as well. But somehow it has continue holding 9k levels then only we can see some rise in coming time.
We're already into the month of July, 2020 and nothing seem going to happen base on bitcoin price. What we should understand is, the cryptocurrency market is unpredictable and from 2018 to 2019 the market has been partial in it bullrun even though the price has not been huge like before. For the price of Bitcoin to skyrocket, it will be difficult because there is no news or event we are expecting to shoot the price of Bitcoin high. Advise, don't invest huge amount of money into bitcoin investment now because it seem it price is likely going to fall below $7k this month to August 2020. Invest what you won't regret when at loss.
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3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Although there is no sign after 3 days, bitcoin price is up and down every day, and if I check on the market, we have many times to buy low and sell high for bitcoin, so we have a chance to make a profit. But yes, we need more patients to see bitcoin price will go to the highest price, and many people already buy more bitcoin. Maybe the price increases will happen in the next week or next month.
As far as I know, Bitcoin is already in a Bull market since the first quarter of the month, probably the question would be if the bullish market will start to kick in this July.
It all depends what time frame we're talking about. If you zoom out to include last year, we've seen all lower highs and lower lows since June 2019. That's a bear market.
To break that structure, bulls need to break and hold above $10.5K.
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