Will a BTC bull market begin in July? - page 7.

smyslov

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Quote from: The Cryptovator on June 29, 2020, 03:12:10 AM

Although I am positive with current bitcoin movements but I don't think something like bull run will happen in July. Its seems from long times bitcoin playing around $8.5K to $10K zone. So even it goes to $11K I will not say its bull run. My personal belief is bitcoin still not ready for bull run. Its because world crisis due to covid-19 epidemic. We don't know when really it will end exactly. World's financial condition isn't soo good, so during that times we can't expect big investors into bitcoin which would led a bull run. But I am expecting perhaps we will see a bull run after end of epidemic.

We have the same reasoning, we just be thankful that Bitcoin is not dropping we have a very long bear and things will be very different if it's not on this pandemic, there are sectors that like to buy and accumulate Bitcoin but the condition of the economy on various country is what hampers but we'll see if his analysis shows different direction from what we have.

coinfinger

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There is panic due to the pandemic so a lot of people are not ready to start investing.
Some of them are still panicking that the price will fall back again if there happens to be another wave of the Coronavirus. A lot of people have been talking about the second wave of the outbreak, but I don’t know what kind of effect it’s going to have on the cryptocurrency market.

Although the way I see things, it’s unlikely that things will be getting affected, even if it does, it’s not going to be as much as the first time. And some news articles that I have been reading recently shows that investors are starting to invest more in Bitcoin and there might be a bull run soon.

Yamifoud

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I'm looking forward to how the market rallied in this quarter 4 months since the start of the pandemic. But I'm not been optimistic soo much to think about being in the bullish market and we can't make that highs early this quarter knowing the market resistance is still at a low.

However, it is possible to surpass the $10k resistance and I believe that we can make it again if the current momentum will be changed. Mostly we saw some ups in the 3rd and 4th quarters, and I was hoping for the market to behave the same as what happens in the previous years.

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Quote from: Coin_trader on June 29, 2020, 08:24:36 AM

Quote from: jossiel on June 29, 2020, 08:12:22 AM

But what I'm pointing is that these 'experts' giving timeframes which could possibly go wrong as some people are believing them as if they are prophesying the price to be like that for real. There's a possibility that it will happen but the point is that most of these experts are saying about the model that they're working on.

It hasn't been validated unless we see that it goes accurately or not by next month.

Technical Analysis is just crunching previous data and used it to predict the future movement. So you are correct that it might go wrong because this just a prediction but there's a high chance that it will occur since the prediction is based on statistics and not from a random guessing.

But it will be absurd if anyone predicted when will the BTC gonna enter bull Market without any basis. I mean you can predict if BTC is near to break out but its impossible to pin point the time it will occur. So you have some fair point so I agree to you that no one can predict that it will happened next month or not.

They can only speculate the possible timeframe when will it enter but it may divert from the reality. What good it will bring to crypto users as predictions are just mere estimates. If you are a holder, just decide on your own what you gonna do with your portfolio. Don't rely your decision form these predictions.

btc78

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Quote from: eskider on June 28, 2020, 10:00:34 PM

The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also rejected at $10,500 which is a pivotal resistance level.

Bitcoin is still hovering at that same range until now,maybe a little low but still not bad compared to the prices last year same time frame.
for me this is much better than dumping to 5k again and stays until the rest of the year.
and also let us keep the patience mate,we are still in the good movement staying strong at $9k,and we will see another Grow this coming 3rd quarter to the 4th.

Janation

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I hope it does.

A lot of predictions by my friends are that the bull market may come but I am not expecting that much since there are some problems to that and that may relate to the pandemic happening right now. People might be scared of the movements so if the bull market comes, then it is great but if it isn't, that is fine. I know it is worth it to wait.

Lucius

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Quote from: bitbunnny on June 29, 2020, 02:30:05 PM

There are annoucements for almost every month that is going to be a bull run month. That reminds me how gamblers always think that exactly the next gamble will be the winning one.

Exactly, but it’s not clear to me why people constantly follow the same story, almost as if they’re obsessed with big numbers and some crazy idea that they’re going to become millionaires overnight. Nothing happens for no reason, so a bull run can't start just because people want it to happen. Although Bitcoin has only been around for 11 years, some things are repetitive and have a certain pattern that can be applied to the future. But there is always that kind of factor X which is a complete unknown, and which when it appears makes a real mess in the market.

Those who have been patient and invested wisely over the past 5-6 years can already be considered successful investors today given how much the price of BTC has changed. I think only the numbers have changed, and that in 5 years $10 000 will be a thing of the past and anyone who has invested below that number is likely to profit in the long run.

Kong Hey Pakboy

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It is really hard to say if bitcoin will have a bull market in July because there are no good signs in the market's movement recently that bitcoin's price is still down to $9,139. But good thing bitcoin just stay its price in the $9,000 spot, so I think there are chances that bitcoin would increase more than $10,000 before the end of the year.

Negotiation

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Quote from: babykika2027 on June 29, 2020, 07:13:13 AM

No one knows when will bull market begin. Tech analysis is not working here, sorry. If there will be series of big pumps then we will see bull run. Maybe

You are right that no one can say whether any BTC bull market will start in July but Bitcoin can go beyond 10k whatever comes. Bitcoin usually rises in price based on the investment If the number of investments increases then it will pump a lot.

jossiel

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Quote from: Coin_trader on June 29, 2020, 08:24:36 AM

Quote from: jossiel on June 29, 2020, 08:12:22 AM

But what I'm pointing is that these 'experts' giving timeframes which could possibly go wrong as some people are believing them as if they are prophesying the price to be like that for real. There's a possibility that it will happen but the point is that most of these experts are saying about the model that they're working on.

It hasn't been validated unless we see that it goes accurately or not by next month.

Technical Analysis is just crunching previous data and used it to predict the future movement. So you are correct that it might go wrong because this just a prediction but there's a high chance that it will occur since the prediction is based on statistics and not from a random guessing.

But it will be absurd if anyone predicted when will the BTC gonna enter bull Market without any basis. I mean you can predict if BTC is near to break out but its impossible to pin point the time it will occur. So you have some fair point so I agree to you that no one can predict that it will happened next month or not.

That's right. The thing is that with the unproven model that they have, of course we'll not going to be dependent on it. This is why some of the people are blindly following the predictions and just like me before. I admit that I was once a blind follower of predictions that gave me huge hope but later on fell into disappointment.

That's what I'm trying to convey about these predictions, nothing wrong with that but the people that will read it might take it seriously and onto the next level.

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Quote from: Free1bitco.in on June 29, 2020, 10:37:13 PM

based on what usually happens at the beginning of the month, prices usually go up high. usually, the price will pump close to the price of $ 10k or even up to that price. For July, I want to believe that high pump prices will start that month. Well, this is still uncertain, but the hope for a new month is still great.

Tomorrow will be the first day in July, so we can see what will happen. If the price can get a high pump, then the price will break $9,200 and keep increase. Otherwise, the price will be staying at a price now, or even the price will be down for more. We don't expect the price to go down below $9k, but if that is what happens, there is nothing we can do. But we have a good time to buy bitcoin at a low price.

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Quote from: Free1bitco.in on June 29, 2020, 10:37:13 PM

based on what usually happens at the beginning of the month, prices usually go up high. usually, the price will pump close to the price of $ 10k or even up to that price.

It's happening due to investors sentiments, if there are more traders to buy and hold the value will surge up
but if there are no new money to flow then expect nothing.

Quote from: Free1bitco.in on June 29, 2020, 10:37:13 PM

For July, I want to believe that high pump prices will start that month. Well, this is still uncertain, but the hope for a new month is still great.

Though there's no clear sign as pandemic virus still affects investors to risk their money in any form of investment,
but the market still looking positively.
There are still traders who are active and willing to hold and wait, it's needed to analyze and take your position as
early as possible after you complete your study.

Paycoinzzz

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Quote from: eskider on June 28, 2020, 10:00:34 PM

According to Woo, Bitcoin was positioned for a bull market before the coronavirus pandemic affected nearly all risk-on markets. Woo’s new model, which accurately marked the start of four previous bull runs, indicates Bitcoin is preparing for another uptrend in the near-term.

Quote

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

How do you think?

Despite the Halving experience and some good news, I still believe that the crypto market will need some time to stabilize before bull run can occur. Now the price of BTC is moving like the US DJI 30. When volatility comes from the US financial world, so does Bitcoin's price. and the special thing is that the US is having a significant increase in the number of infections and there is a high risk that the United States will have a 2nd outbreak. The economy will once again be hurt and the market is likely to dump sharply again another shot before growth.

davis196

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Quote from: eskider on June 28, 2020, 10:00:34 PM

The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also rejected at $10,500 which is a pivotal resistance level.

Surprisingly, Bitcoin price dropped rapidly as it fell below $6,000, ultimately dropping to a yearly low at $3,600 on BitMEX. This caused mayhem in the cryptocurrency market as more than $1 billion worth of leveraged positions were liquidated.

According to Woo, Bitcoin was positioned for a bull market before the coronavirus pandemic affected nearly all risk-on markets. Woo’s new model, which accurately marked the start of four previous bull runs, indicates Bitcoin is preparing for another uptrend in the near-term.

Quote

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

How do you think?

What's so surprising about the March Bitcoin price crash?The global economy was hit by the lockdowns and the shock that followed the coronavirus pandemic.It was pretty normal for the Bitcoin price to crash.
Bitcoin is always prepared for a bull market,but usually something happens and the price goes down.
Something(like an event or some positive news)has to trigger the Bitcoin price and cause a bull market.
Last year,the news about Facebook's Libra helped Bitcoin to reach 12K USD at July 10.
This year,the BTC halving helped the Bitcoin price to recover back to 10K,after the March price crash.
I don't see any events in July 2020,that will help for boosting the Bitcoin price.

Free1bitco.in

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based on what usually happens at the beginning of the month, prices usually go up high. usually, the price will pump close to the price of $ 10k or even up to that price. For July, I want to believe that high pump prices will start that month. Well, this is still uncertain, but the hope for a new month is still great.

bitbunnny

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There are annoucements for almost every month that is going to be a bull run month. That reminds me how gamblers always think that exactly the next gamble will be the winning one.
Expectations are high and many Bitcoin users are disappointed that because halving didn't bring expected price jump but they don't stop hoping.
I don't expect any major changes in price in the next month, can't see such indicators and to my opinion price will continue to fluctuate in the current range between 8500$ and 9500$.

Anonylz

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Quote from: BrewMaster on June 29, 2020, 09:36:52 AM

in many ways it has to. we have seen downtime for long enough and not just that we saw a very big dump recently (from $11kish down to $3k) which would have been the excellent time for all the bears to have their fun in the market. now it is time for the bulls to come back.

additionally this downtime was mainly because of the world wide economy which has been going back to normal. for instance in China their markets are already giving profit for a week now. other places things are going back to normal too.

i'd say this is a very long overdue bull run.

Couldn't agree more, the market has experience such a long period of bear market, and lots of people were hoping for halving will bring the bulls back to the market but unfortunately the pandemic dash that hope, however, now that the economy is gradually regaining activities back it is highly likely there will be a turn around of price anytime soon, am really hoping for that.

7788bitcoin

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Quote from: Coin_trader on June 29, 2020, 08:24:36 AM

Technical Analysis is just crunching previous data and used it to predict the future movement. So you are correct that it might go wrong because this just a prediction but there's a high chance that it will occur since the prediction is based on statistics and not from a random guessing.

All we have is a few years of data to predict the outcome and we are undergoing a situation where we never anticipated economically in the past 12 years and bitcoin was implemented after the last recession, so when we predict all the outcomes taking into account of the past situation you have to consider a scenario when there is economic recession as well and that is the major difference we are facing right now, i am not completely convinced that we might see a full blown rally like we used to see in the past if there is a recession.

judaspriest

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C O M B O

Reportedly from someone, July-August is bearish, but we don't know in Q3 whether the Bearish will be strong or weak, Bitcoin must breakout first at $ 10k and the Bullish starts

BrewMaster

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There is trouble abrewing

in many ways it has to. we have seen downtime for long enough and not just that we saw a very big dump recently (from $11kish down to $3k) which would have been the excellent time for all the bears to have their fun in the market. now it is time for the bulls to come back.

additionally this downtime was mainly because of the world wide economy which has been going back to normal. for instance in China their markets are already giving profit for a week now. other places things are going back to normal too.

i'd say this is a very long overdue bull run.

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