Bitcoin Forum

We had 2 major dips after the market crushed from all time high prices. One at 7 January (425B) and another at 6 February (276B). Those two dips were normal corrections in my opinion from the ATH frenzy. Those 2 dips were followed by decent rises in market cap again until the market psychology went really bad and we entered the real long dreaded bear run.

The really long bear run in my opinion started at 18 February :

https://i.imgur.com/sUOOlbY.jpg

We can see it lasted 47 days. Way longer than the previous two dips and there is no in between rise in market cap. Its was constantly down treading.

I say "lasted" because the market cap has risen Consistently the past 12 days for the first time since the ATH crush of January:

https://i.imgur.com/ZjLPHEG.jpg


From 248 Billion at 7 April all the way to 351 Billion today (19 April). A total of +103 Billion within 12 days. 8,5 Billion each day (+3,4% up per day)!

If this rate continuous we can be confident we will break the highest point at the start of the bear run that was 518 billion (18 February) within 19 days

That will be in my opinion the proof that we have finally entered a huge Bull Run period that will last months since market psychology will change to positive again.

That event will trigger a new cycle of fear of missing out the new market bull run to new and old investors. On top of that the media will start again praising crypto and after we break ATH prices new masses of people will enter the space fueling the biggest bull run ever seen!

Well well ..that's an interesting stat. I hope it starts of a bull run before a major bull run which I expect to see before the end of this year. Let's see how the weekend turns out

This confirms to me that we are most likely starting a recovery. There will of course be drops and corrections in a recovery, but I believe that most cryptocurrencies already bottomed out and we won’t see new lows for any of the top coins. I’m no expert and I could be wrong but that’s the way it appears and I expect a slower steady rise from here.

well
interesting observations,
since a red storm on february and the lowest point in mid-March
probaly new comers or what ?

We can really make presumptions basing on what we observed and i do believe the same thing too on where we wont able to see again those bottom prices which we have seen in the last 3 months of this year.If you did able to buy on those dip prices for sure you are making some gains as of now as we have seen the gradual increase of the entire marketcap which do result or correlated on altcoin or bitcoins prices increase too.

Really, has it been 12 days? I thought it was only been for a few days or almost a week. Prices have not actually gone that much higher, Bitcoin still just above 8k and Ethereum also still trying to break past 550, but 3% over 12 days is more than a third. Or is it just because other coins/tokens are entering circulation? Or maybe more Tethers coming I did not hear about? ;)

Don't be so quick. We need much more to say we are out of the bear market or that we entered a bull run. Sure we held the last low of 6k but this could easily just be another lower high on the weekly charts and dip further eventually. The regulations are still pending and they can change the market drastically. Until we break 12k I won't see this as a bull run. (talking in bitcoin price)

Bull run? Well it is not yet confirmed but I am more and more optymistic. I hope that those whales will not crash the price again. We also need some fresh blood and fresh money but we don't need FOMO like in december last year. People were buying bitcoin for 20k, I thought this was a dream...

You are right we should not really be too confident on saying that this is already a bull run.We do see such increase which is good but i dont really trust how do price moves because anytime there might be some negative news ones again which will be the cause on dipping again on 6k price on bitcoin and other altcoins in the market which would hit up their lower lows once again.Id love to see 12k price on btc and recovering up atleast 70% price of coins to their recent ATHs.

It is good to see these calculation and hopefully we might see another rally soon but when it comes to bitcoin i do not see any graphs helping in identifying the future trend, sure it does give you an idea about the past markets but the problem here is that a single negative news could show a reverse trend and drive the market down.

I think that there are very good prospects to reach up to 3 trillion and this is not a fantastic amount, but the real situation if growth will continue and the entire bull market will be protracted.

Whilst I think it is still too early to call the start of the next bull market, the signs are definitely encouraging.
We dipped twice to around $270 billion (whole market), and then the third more prolonged dip pushed slightly below that and then levelled out. This levelling out I think is crucial and helps to establish a new baseline. So the recent rises do look like the start of a new bull market, but given that the drop lasted several months and had a couple of false bounces back, I do think it is still too early to be certain.

Seems like the confidence and trust of investors are returning, we might be near in the bull run fever but I think its early to say the bottom is over because we know recovery wont happen too fast, it takes time. However if whales enter the scene this can change everything, im bullish the price can reach $12k mid of this year, if that happens I can say we are really heading to the moon again and dips of cryptos are over. Some expert says there are more to expect ahead and they even speculate this year it can surpass the peaked price of last year, well lets just see if its possible in this so volatile market.

The bulls are here to stay. Leading the pack is Ethereum which has already gained 42% from a few weeks ago! And its projected to rise even higher back up to $1000+. I've been telling everyone to buy Ethereum during the dip and those who have listened have been rewarded.

Congratulations to all holders! Just keep hodling and we will soon reach new all time highs!

We can't blame them for what they did during the dip that they sell some of their coins. For those who have been holding and never fall with the trap then this is the time to claim their rewards. We should stay positive and support crypto so that we can gain more profits in the long run.

I also believe we are on the way to recovery. If it happens in 19 days then it will be too fast and thus probably bad, but if it slows down a bit and gets to top prices in about 2 months then we definitely overcame the problematic stage. It is good that people mainly believe in recovery, because it created the general atmosphere which attracts investors and really makes the market rise. Yet now it is going a bit too fast, so we could use a small dip or a temporary stabilization.

This growth in last 12 days is very promising. I hope this bull run will happen. Everything indicates it, so we can now only waiting and watching.

Anyway it is good time for invest, when coins growing, our wallets too. Do not forgot about it

I'm afraid to tune in to positive, but the trend is encouraging. Let's see what happens next.

Holding your coins during a major bear trend is stupid. Why would you hold when you can cut losses. Holding is only great if you want to lose 50% of your portfolio in a few weeks.


Meh, what trend? We are still far away on changing the trend. Last time it went from 6k to 12k and we dipped again, we will not change the trend until we break 12k convincingly.

a full-fledged spread can be said when bitcoin pierces 12,000, rolls back a little, fixes on this mark and moves on. Perhaps he is now simply corrected from the fall and goes to the upper border of the corridor

Too early to celebrate because we don't know if this is just a temporary pump in which it might to fall again anytime. Better if we wait for a few more days or weeks to ensure that this is the pump that we are waiting for because i was already used to this temporary market pump that later on it will fall down like riding on a roller coaster in which it just makes me more in doubt.

it is because two coins with the biggest supplies in the world have been pumped in the past days, ethereum and ripple both have huge supplies and when they go up a tiny bit their market cap  (and consequently the ttoal market cap) jumps up drastically.

example: if a coin has 1 million tokens and rises $1, market cap goes up $1 million. but if the coin has 100 million tokens and rises $1 the market cap goes up $100 million!

Yes, it is better to be careful as it may just be a correction because of the precedent fall of the price of Bitcoin. It is better to wait than invest and then realize that it was the current ATH price and see everything falling very fast. Also, price did jump so fast, it may fall also very fast.

24 hours after my original post and we are now at 374 billion or +23Billion in 1 day!!!

Also i ve noticed something very interesting. As i said the bull run started at 7 of April and i ve found out that one day (6 April) before that we had news spread all over the internet that  Soros and Rockefeller where about to start investing in crypto.

So maybe that changed the psychology of the markets:

George Soros Prepares to Trade Cryptocurrencies:
https://www.bloomberg.com/amp/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrenceis?__twitter_impression=true


It Started With the Rockefellers. Now It's Taking on Crypto:
http://fortune.com/2018/04/06/crypto-vc-venrock-coinfund/

Looks like it, but I'm afraid to draw conclusions. A few days of growth are encouraging.

Honestly I do not think this is the way things work here. We have witnessed loads of good news without any significant price moves. I really hope this is a healthy growth after all these dumps we've had during the last 3 months but also it could be a bull trap. Downtrend will be broken if we reach 8600.

So sweet. I think the market will increase to 400 billion. Then there will be a downward spiral of 300 billion again and the market will go up to 800 billion as of December 2017. I am very optimistic with the current market. a great growth

Yes. It is probably a new bull run. But the market still neeed a time for consolidation and accumulate the coin by whale after consolidation ia done sometimes this month or may we will see big money pouring in to crypto market. I am affraid the buy power is not enough to break $12k

thanks for observation sharing. I think market is growing. But still someone said it is bull trap. So i am trading carefully.. one day bitcoin down from 8300 to 7800. Freak out.

funny analysis

in my opinion it s incorrect vision- because market is unlinear and you cant prediction in 1 day\week\month market profit what may be in next 3 month

since april market did well but this is just beginning. Im not sure still if we are in bull market now or maybe we need a bit stability or take breath than real bull must run :) Its time to buy anything!! any good coin will make new ath when bull start.

We're not pretty sure that it could last longer and to say that we have totally recover from dips but anyway, we are just happy to see that market is now turning into green again. We just only hoping that it will continuously go higher and even stabilize for at least a month or more..

Sure not to be too much bitter on someones analysis.! This is why crypto is very a speculative market.We wont know on where it would go but somehow we can make predictions basing on what we observe and we have seen on past history, might not be accurate but it would possibly goes on that price. We do check out as of this writing bitcoins price pump up once again to 8900 usd and hitting up or breaking 9k price will almost there and so as on the entire cap clinging to reach out 400B. whats a nice number to the eyes. 8)

i would love to say that the correction is over but we can't know that it may also be a bull trap, a small pumping period followed by a new greather dump. but i think that te worsth is gone, btc price is helding above 8k, ethereum is pumping hard and volumes are increasing, i want to see a new run like the last year

With this movement i believe we will see 1 trillion marketcap by end of june. This market looked like last year bull run. Maybe this year will be more massive and more adoption by average guys. If btc can reach $20k again then the fomo will come bigger then last year

With BTC heading up to test $9k resistance, it is definitely a confirmed bull trend.

I do believe that bitcoin is going to hit $9k and go further up. Since alts follow the movement of BTC generally, I think that it is possible for the total crypto market cap to hit $450 billion during this bull run. However right now, there is a lot of buyers because of fomo.  Markets are really hyped up as well.

We can't say that crypto is going to go back to its former 2017 glory yet, there just hasn't been enough consolidation or time passed from the pump last year yet. But this short term uptrend is established for sure.

analysis and interesting quotations. Indeed it looks like this is a good sign in the market since in the last January. but the current conditions also have not felt safe seeing accomplishments that are still relatively low. may indeed be gradually but don't be too hasty.

I also think we are at the beginning of the bull run but I am not 100% sure.
The price came back to 9k today this is really thrilling however we always have to consider if that is a bull trap or not.
A really bad new can crash the price down.
I am not spending all my BTC on alts. I think we always have to spare some... DYOR of course :)

There are lots of speculations that comes together with the rise in bitcoin's price. Some says that it is the start of a bull trend while others says that it is just a bull trap. But we can never tell for sure. After all, we are just tiny fishes in the market and is just waiting for the next big wave whether it will bring us up or drown us back into a bloody market. I just hope it is for the better.

That's not bull a run for me it is just a price recovery due to the past events and the negative impacts of it, the price resistance is strong in the range of $10,000 to $20,000 bull run may come after that tier going to the ATH of $30,000 this year for the Q4 maybe November or December then the market correction may come again after that, the cycle will always repeat as long as the flow is still the same, we may see big numbers in the future hitting some speculations of the people here.

Four days after the original post and we are +50 Billion at 400B currently ! Still running at 3%+ per day!

Its amazing how this growth seems to be consistent for 16 days now.

With this rate we will need less than 10 days to hit ~510 Billion market cap. That will signal in my opinion the end of the bear market!

It seems market is going to recover in the following months. Great opportunity for ICOs imho.
ICO success rate for 2017 was low because all projects were made for being a currency and just that. Blockchain is capable of much more than that.

Take a look at Open Collectors Network ( https://opencollectors.network/ ;  https://t.me/opencollectorsnetwork )

Platform has currently no competition, with regards to the possibility of creating tokens and in general, to the breadth of use cases possible on the platform.  ( backed by ICO trackers & reviewers )

The market for non-fungible items is virtually endless. If you look around, almost all things you see can be categorized: people, cars, streets, shops, products, art and so on. One thing all these have in common is their respective items are all different from one another.


The future protocol for one-of-a-kind tokens (https://opencollectors.network/) - amazing team & advisors (companies: IBM, Twitch, eSports, Spectiv, Stefanini, ING... )