Bitcoin Forum

Bitcoin Price at $7,000: Ma
rket Recovers After Minor Drop, WaltonChain Surges 30%
https://www.ccn.com/bitcoin-price-at-7000-market-recovers-after-minor-drop-waltonchain-surges-30/amp/

The situation on the market is not clear now. Prices are rising and prices are falling instantly. And so, I would like to believe.

No, the market is not recovering, it is only a short-term rise in the price of Bitcoin. I think that the market will begin to recover in late September.

These small shoots are signs that a recovery is imminent so it's a good time to accumulate. Even if it doesn't take place now you can start to collect so you don't have to buy in bulk. It is not always easy to get a good price when buying in large numbers, so smart collecting those alts and see what it's worth at the end of the year

This is exactly what I have been doing.  Accumulating very slowly down here.  Leaving enough spare cash so that if we have a pull back I can load up but not so much fiat that if we explode higher I don't miss out.   

The bitcoin is stabilizing aboute $7k, there are falls after every rise but the rise are getting longer and the falls shorter. We can expect to see a bullish market in the last quarter of this year. Dogecoin with the new announcements have soared to a long time highest.

Indeed, stabilizing for a little while, which was kind of expected:

https://cryptofr.com/assets/uploads/files/1535756493348-span-a-b.png

Span A above Span B, bullish trend - Span A below Span B, bearish trend.

Span A goes back below Span B, same for the candlesticks below the cloud... and no uptrend yet as long as the candlesticks do not go above the cloud and span A.
The cloud ends up in horizontal shape which shows we are indeed in a zone with no clear trend.
More interesting soon will be to see if we can break $7250.

Yeah bitcoin price makes a quick recovery and this is a sign that we might be seeing a bull run soon, if bitcoin can go as high as 7500 - 8000k then bull run is almost near.

I can also sense the sentiments are moving towards a break out run. Not a massive bull run but a steady and healthy growth in the next coming days. I'm slowly observing what's going to happen next, the critical support now is $69xx-$7xxx which is currently holding.

The next target could be around $72xx-$75xx. If ever we get to touch that, then we are just step closer to seeing the bear season end. However, there is a critical news that will come around and that will make or break this bullish sentiments that are currently building up (Bitcoin ETF).

Yes a little relieving news for bitcoins. Also some altcoins are also showing small percentage gains. But we are still generally on  bear season. Let's hope this is not a bull trap though.

I feel we are gradually tending towards that expected time. We are having more moon and little correction without an obvious dump. It is possibly a sign that the bullish market will be experienced this year.