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Topic: Will a BTC bull market begin in July? - page 9. (Read 1334 times)

legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
June 29, 2020, 01:15:12 AM
#6
The reality is, neither will happen.
During the month of June we experienced how many times it did reaches $10k? Some says its already bull run compared to TA price and charts. So we cant really tell if July could bring some rain over the market. Uptrend or not, holders or long term investors could not care much for this rallying.

At this point, it´s a guessing game. Imho, TA doesn´t work well with cryptos because of the lack of decade long data and being prone to outside interference. ment into a bullish rally.
It does work fine for me but not accurately like 80 to 100%. Some old data have been mirror on current charts but obviously we cant always rely on these aspect.

But fundamentals really sucking in the price movement as whales are beginning to drag it down.


Smelling some bullish actually even CME bitcoin got expired, the market is still on good shape
member
Activity: 112
Merit: 17
June 29, 2020, 01:02:26 AM
#5
At this point, it´s a guessing game. Imho, TA doesn´t work well with cryptos because of the lack of decade long data and being prone to outside interference. The fact that big players like Fidelity, Vanguard or JP Morgan are getting in, is a good sign though. Grayscales current BTC buying insanity is also remarkable and should be taken in consideration, do they "just" expect something or do they have some deeper insight for that kind of big time shopping spree? They have been buying over 70 percent of all Bitcoins produced each week, with last week’s stash alone exceeding 19,000 BTC! Maybe whales dump their coins to Grayscale, maybe it´s starting it´s own movement into a bullish rally.
member
Activity: 273
Merit: 18
June 29, 2020, 01:01:11 AM
#4
Unlikely,

If you have bitcoin you might like to believe it will go up, in the same way a church goer believes he will go to heaven.

The reality is, neither will happen.
member
Activity: 119
Merit: 23
June 29, 2020, 12:24:30 AM
#3
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what do you think?

We can't predict this because market aren't accurate. The price defend on the market volatility as of now market volatility is slightly low base on my T.A i use Average True Range (ATR) which is the volatility indicator

legendary
Activity: 3472
Merit: 10611
June 28, 2020, 11:30:01 PM
#2
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.
it was not rejected at $10500!
there was already a bull market going on from mid December from around $6500 and it was rising with healthy corrections all the way towards previous ATH ($20k). $10.5 was also another target that was reached followed by another healthy correction just like the previous ones (@$7.6k, $8.4k, $9.2k and finally $10.5k).

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How do you think?
it is not possible to predict when the bull market is going to be resumed and price to go back to what it was doing 6 months ago. there is still a lot of uncertainty and panic in bitcoin market that is preventing that, it could go away in a couple of days from now or it could last much longer.
copper member
Activity: 17
Merit: 1
June 28, 2020, 10:00:34 PM
#1
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.

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How do you think?
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