Bitcoin Forum

Now BTC price is going up immediately, Do you think It is long bull run

Really dont know. But it already gained a lot since just hours ago.
This could pull more investors if good things could take some time.

I am tired of all the FUD's that have been scattered which are all just guesses. It is about time bitcoin prove itself that it is still undervalued even with the recent price. Time to go with the wave for those who are waiting.

Let's wait for some movements. Lately, I agree that this would be a sign of a mega bull run as the OP says. With the mega bull run we're talking about, I hope so that this might not result into a mega ruin lol. That's what happened last year.

The price of bitcoin after a long has crossed the $7000 barrier which has made the entire cryptocurrency market progress forward as majority of the cryptocurrencies have got it marked in green. With this I believe the bullish trend will continue marking a big change upon the entire cryptocurrency value.

Dont get yourself hype too much into this price increase. Yes,it do move up but doesnt mean it would be already starting up a bull run. We have seen the upcoming ETF and such news about Blackrocks
interest in BTC which these factors or fundamentals do affect this price increase but still we cant be sure if it could sustain but for short traders this is indeed a good time to sell out when you enter
6200-6300 price point.

The jump was awesome and the price really showed us a surprise increase just now.

Is this the start of much awaited bull run? We can't say and no one knows. Even how good the price increase is, it can be spoiled anytime so don't expect 100% that it will be continous. But it's a good start to see that price again breaks the $7,000 mark. We just have to wait for more actions and see if it can break more price levels before we can considered this as a start of bull run.

Setup your respective strategy now and goodluck riding the trend.

I hope its the start of a new bullish event. It would be quite nice to see the market recovering again and have all the HODLs rewarded

Well there are a few factors that point to the next bull run.

If you check the weekly chart, BTC held on the 2018 yearly low, it didn't break thru it even with many attempts.

If you check the daily chart, it had an inverse head and shoulders pattern and the neckline/last months resistance was broken at $6800.

Its too early to tell but unless this daily candle turns into a doji or a hang man pattern then the sentlement will be bullish.

Ideally it would be great if it tested the $6800 neckline for confirmation, however since it almost went up $1000 in one day, I think we will keep going up from here.

It's too early to talk about the beginning of a bullish movement on the crypto currency market. Now all the crypto currency has grown quite a bit, so wait at least a week to understand the reason for the growth of the crypto currency and whether this growth will last.

Maybe this is what we are all been waiting for. The price suddenly went to $7300. I just woke up and find the price really surprising. Although I"m excited to see the price, but I'm still bit cautious because I don't want the price to be artificially pump because it might burst soon. Maybe this is the start of the bull market, but just be careful and don't celebrate yet.

I am feeling like it is just a fake pump again. We can see a down market after tonight or after today Because Bitcoin price increased 600 USD plus within a few minutes. It is not normal we know that. So, after seeing any bitcoin pump, many people start thinking that this is the bull run, But that is not right. Though We were waiting to see a pump market in August, it is July now. That's why I am confused. But it can be the start of the August Pump, who knows actually.

Maybe it is, may be not. But it seems promising.

https://www.tradingview.com/x/znWcq60T/?t=590&c=Q45rNB-_ANHYsA

But I prefer it to visit sub 5000 prices before going up as I have not accumulated enough bitcoins.

Let's hope that it's really new bull market period begins!

I also have a lot of questions like yours because the price increase of Bitcoin is pretty sudden and fast in a few hours. I am keeping USDT available to buy into Bitcoin if it crosses $ 7k4 or down to $ 6k. It is hoped that the market will recover to attract investors to participate in this market.

Maybe yes and maybe not we really don't know if this pump will continue but honestly it's good to see BTC is go higher this month and I wish it will continuously go higher so we can say that bull run is really started.

A good pump up for bitcoin in the past few days but we cannot tell exactly if this pump up is a bull run since bitcoin not really break the $8k to $10k level, but we all know this pump up is promissing that create a big impact to the whole market that gain a good percentages of pump up for a short period of time.

Wow.
Thanks for reminding. I havent been looking at the bitcoin price for ages. ;D
Well, this could be a good swing but could also end up as a bad one. Dont forget about the weak hands. They are in the shadows just waiting for that right price and the panic button will be pressed instantly.

Looking at the altcoins, they are in green marks now. Same with ETH at 500.

Dont be scared to switch your USDT into BTC or ETH now.. All cryptos will go up until Bitcoin reached 10k, then expect a massive crash until Bitcoin taps 3k. After this the long journey of Bitcoin to $30k, $50, to $100k

Yeah! the bull run is starting now and I can see a great buying volume which make this market pump higher. I enter during the dump at the level of $5900 and now I make a good profit, but still waiting for a great run with bitcoin, so be patience because this market will bounce for good.

When  the market get back and overpass the  levels in May ( around $450 billion ) we can start talking about a start of a bullish market.
Anyway it is positive but strange at the same time that the market has been risen almost $50 billion in last 5 days.
 ( only today $20 billion in 20 minutes) I think it is connected with the Bitcoin ETF  expected decision on 10th of August.
Maybe something leaked out as Coinbase also adding ERC 20 tokens to their platform, and they got green light for trading
digital coins deemed to be securities. Maybe they know something coming ....Looking ahead of exciting days .

I do not wait that bitcoin price will soar very fast as earlier but it is not bad because just we need is a strong upward trend. Several days bitcoin is growing and I hope that the trend will be ongoing.

Strong resistant $6700 has been broken after a good news. This is what we have been waiting for! Get ready to take off guys! Alt coins have followed Bitcoin to increase in price as well as big investors that plan to jump in with their money. Don't just wait and see, buy Bitcoin when it is still discounted.

Bitcoin has had very positive news the past few days so this might just be the positive run we've been waiting for. With it other coins have been rising as well. At this moment Bitcoin is at about $7350. I'll be watching the price movement closely the next few days and see where we're possibly going

don't linger too much that its the start of the bullrun. we're way far from the last years ATH. this could juat be a bulltrap seeing that the articles sites are manipulated heavily with its news about ETF approval and finance companies entering blockchain. these news aren't worth investing unless they are already implimented the technology itself.

I hope that this positive movements won't be spoiled by both whales and weak holders, if this bull will be much stronger and big investors start to join inside crypto, for sure more positive news will follow and with most speculators are saying that bitcoin can hit another new height before this year will end
it's needed to be more on the positive outlook for much better outcome, decent profits for those who will survive this sway.

Hopefully yes! Because I am waiting for the bull run since the month of May and all of my coins in my wallet are affected much of the bear market. I think that this current surge will cause a good impact to the altcoins. Waiting to the greenish day is not easy and I think many people are all excited in this event.

Agreed.
I get that feeling too, but there's no way to tell.  However, I hadn't checked the bitcoin price in a few days and it was nice to see it up so much.  I was beginning to wonder how long it was going to take to hit $7k or if we were headed even lower.  This is quite a rise, but I'm more comfortable with slower rises.  When bitcoin shot up to $20k, it got to that point way too fast IMO.

I suspect that there's probably some good news on the way that we haven't heard about, i.e., "insiders" with deep pockets are buying, before the news gets released.  Who knows, though.  I haven't read anything here that would account for this sort of increase.  Usually when there's something big happening, multiple threads get created to discuss it.  We'll just have to keep our eyes peeled.

It will go up to 100 000 I'm telling you buy more and more as you can. You will be millionaire in 2 months. You house will be made of gold. BUY BUY BUY

You are right, I think this bull run because of FUD, Maybe BTC ETF(CBOe) news at August 10

After calling for a 7750  retracement in BTC as an optimal level to buy back in, there is another bullish possibility we are toying with right now, which we cannot ignore.

Although optimally we prefer the 7750 level, if this count posted below is correct, we may not see that level for another week  or so, which means our plan at the moment is to re-enter Bitcoin now at current prices with a 25% weighting of what we originally had planned and buy more if we do see the lower levels as originally forecasted.

This means we would have to have wider stop losses at 7200, hence the smaller position size.

We should not expect a straight upward movement. There will still be some consolidations before we expect it to hit $10k

The market is not bullish, there are a lot of people today who are investing since ber month will already start and the price of bitcoins will skyrocket again in december just like what happened last year.

BTC dominance more than 50% now and that mean demand of BTC increasing and altcoins decreased. Actually the price if BTC will going up or down according fundamental of the crypto market. So we have to wait others good news, if in the market there are so many good news the price will ready to going up and bull run.

Hoping s, that this is our awaited moments thats this btc price is going up immediately,and the bullish run that we waiting for,so that we should recover those our past loosing investment  on previous month of  our capital,actualy many investor are waiting the bullish market and try to be patience to hold there asset,so that when this bullish is implemented thats the time  they continue  to make there trading,or change there some crypto coins into fiat money to gain a good profits.

I'm not sure when it's going to start rising but when it does it will be epic.  This has been 100% manipulated downwards.  Which means when the unnatural pressure lets up this thing is going to fly to the moon. 

No one know when mega bull run will start, but technical analysis and history the price can give answer for that. From technical analysis mega bull run should be started already and the price will keep all the times until next year, because from the history price , last year is for bull Market,.this year for bearish and then will change again to bullish.

The little price pumps bring certain excitements and most  persons will mistake it for a bull run, the Bull run can only occur when when the marketcap responds to it, the general market is in a dip season so we may not talk of a mega bull when we have little uptrends that are usually shortlived just like we have now

Okay so here we go again, so basically this thread was created 2 months ago yet here we are again hoping this sudden pump is the long awaited bull run. Well I guess we're too thirsty for this since the last ath thus we're holding into something that this might be.

And ETF will be again a hot topic as the anticipation occur if the application will be denied again or gets approved. If it will get an approval then we will see a major bull run. No turning back tho.  8)

The topic started at 19th Jul, but now BTC dominance dropped 1st time for 2 month and we can see some pumps here and there. may be even a real bullrun

yes we are in the time of a BULL but this is not guarantee of anything, only speculation, of course that the BTC fell a lot, but even so for many countries the BTC is very expensive still

CBOE  ETF  once again postponed but it seems it doesn't affect negative to crypto market, instead Bitcoin slowly rise to 6.7k$ is this a sign that negative news was already absurb by the crypto market before and ETF postponement doesn't mind by investors. Are we now entering the bull season? I hope so and xrp are the one leading the run.

I see this very suspiciously. In fact, we have a bear market. So you need to create the illusion of the bottom. As we all know, BTC has an important function, but it does not depend on the price either. Only miners are worried about the price and profitability. Judging by the market of altcoins, bitcoin will go further to the bottom under 6k $. And next year 2019, it will be even worse than the current one. So get ready not to lose your money.

Again, it has something to do with investors really fed up and getting tired of waiting from this ETF's. They suddenly decided that since ETF postponed it again, they might as well invest again at around $6300-$6500 as this is a perfect buying opportunity and totally forgot about the SEC decision. We might see it declined anyways, so no need to wait further.

Next bull run hasn't started yet and no one will know when exactly it will happen, but what I believe in is it will run the same amount of time or longer then the bears have run.

I suggest not to consider every move up as the beginning of the market reversal

IMHO this is not reversal of downtrend or beginning of new uptrend. This is just simple correction. Personally I expect that Bitcoin will continue to fall and the market follow it. I think this downtrend will continue until the middle of the next year.