Bitcoin Forum

Opinions on Recent Market Upswing

Bull Run
https://cream.technology/images/2018/08/18/bullrun.jpg



OR



Dead Cat Bouncing

http://1.bp.blogspot.com/_XArhKqPGhV4/SPQwlSwVnpI/AAAAAAAAAzU/IKS0piE1kpU/s1600/DeadCat.gif


 8)

Maybe you are too late buying at the best price. I am positive that we might not see 3200 again but don't get me wrong I don't think that we will get bull run but rather reach stable market at around 4-6k for the next months.

Investors have got excited and this uptrend is just chain reaction because people fear of missing out so we might get small correction but uptrend might continue.

bull run=
2016 $300^
2017 $900^
2018 $3200^

daily/weekly volatility=
cubs(small bears) v
calves(small bulls)^

personally i use the mining cost/market dynamic numbers to help find the bottomline support which has been a good guide for years of knowing the bottom.

the final difficulty adjustment of 2018 just happened. and so now we are in the realm of mining pools knowing the next difficulty jump WILL be affected by the delivery of next gen asics getting delivered in a week to thousands of people.
pushing up hashrate. pushing up costs. and therefore making many prefer to buy coin as a cheaper option, sparking a price rise

Interesting. However, many have claimed that 6000$ was the bottom because it was close to the mining costs. (I didn't agree back then, I claimed the mining costs are not so well known.)
We are still under 4000$, so either miners are mining at a loss and still don't care, either the mining cost was close to 3000$-3500$.
Only in this case your theory could be correct, although historically (eg when Bitcoin has fallen under 250$ in 2015 and stayed low for almost a year) the price has its periods when it was clearly under the mining costs.

Bull run, in my opinion.

 ;D ;D ;D ;D ;D ;D ;D

I would say neither. It is a positive move toward a bull run, but I don't think that we will see a real effect of it before the next year.

It is entirely based on the timeline you are considering to determine whether it is a bull run or dead cat bounce. Simple enough!

If you are comparing with the late 2017 - dead cat bouncing!

If you are an early starter - Bull run, most certainly!

Hope this helps!

bullrun or not, who bought some coin last week make a lot of profit right now, waves and doge its look like have bullrun first ;D

I'm betting that this is just a dead cat bounce, the bears have full control over this market and they can dump it down anytime. Bull run will begin in January next year as bakkt is released

Sell everything and buy back in january

200% gain from 2016 to 2017.
255.56% gain from 2017 to 2018.
In 2019 if it gains just 200% then price will be $9600^

I am wondering what will it be for real in 2019.

I think it can be a combination of both, right now people are so exeptic that they wouldn't recognize a bull run even if it happened for a continuous month, so we have to wait and see what really happens, who can blame them, with this disastrous market falling all year long.

haha! you're right, It depends on how you look at the charts. Better consider the history next time starters. History repeats itself.

It is really hard to say but it could be a Dead cat bounce,
But we are all hoping for a bull run,
We still have to monitor it to know if it is a bull run or a dead cat bounce.

Reading around the web it seems to be bouncing, it seems a huge pump with low trust, but hey we had people on 2017 betting on bitcoin at 100k by the end of 2018  ::).

So as per your view right now it is just preparing the next bull run, but it will take some more time to jump ATH, but now if i am not wrong $3100 wont break. So it is good time to start accumulating bitcoins

I will be sure it's a bullrun when BTC breaks resistance around the $4K mark, that can open the door for a move towards $4,5K.

Yes, the time line can be use to know what the side which the crypto market drift to but I want you to know that the graph representation is also a guessing type of prediction because every thing is rely on the mining status. However, I presume we're yet to reach the bull run market.

I think Dead Cat Bouncing  ;D

PRICE is not the underlying value
first 3 quarters of 2018 $5800 was a good measure.. then in october hashrate curved down. and then price curved down in november.


in 2015
the hashrate was between 250peta-400petahash during the stagnant period which doing math of asics at the time... it was break even/profitable there was a bit in august 2015 which touched on the break-even testing the bottomline.. then by autumn the hashrate and the market price moved up

perhaps neither! i definitely don't expect an immediate bull run---that's totally out of the question. but i always figured the $3k level might be the bottom. it looks possible now.

however, it'll take time for the market to confirm that. if we look back to the 2014-15 bear market, it took almost a year to decide. in august 2015, the price almost crashed again. the market immediately bucked that selloff attempt and we confirmed a new bull market a few months later, but at that time it could have gone either way.

i'm just trying to ride the waves. whether the bottom is in or not, we should be trending upwards for a couple weeks. good enough for me! :)

It's neither of the two. The increase that is happening right now is just a nice recovery for the month. It hasn't proven anything as of now, simply a recovery. Though, bitcoin holders are thinking really  good about this. For me, I'm hoping that this is a sign of the bull run. Though, a lot of recovery is needed before bull run. The one-year drought is tremendous. Very long recovery is required.

I think that we are waiting for price stabilization at around 4000. The market needs to calm down. I think that now traders need to be very careful. The price can make a strong move to one side.

No one call can really say but I think looking at the situation of things ,it's not a dead  cat trap.  After a while we will really know what's going. But for now,  this is just a simple price movement as big payer are coming and going straight high. 

 ;Dhaha a funny picture

Really this is hilarious though, but the truth must be told and of course the truth is always bitter, we are into dead cat Bouncing ERA this isn't bull run

maybe add to that the element of electric cost.. like mining has become only profitable in a very small parts of the world and miners without a source of cheap electricity had capitulated, the expensive will have to go first then the average and then when some the cheapest have capitulated-> buy some, can't go wrong long term  ;)

Yes. When you bought last week, good for you because you got profit in small increase for others. Never doubt a coin when it drops because there is an opportunity that you do not need long term for profit though even you make investment for long, it is good time to start. Bitcoin will bull run again in time.

even both of bull run or dead cat bouncing,i will still hold my coins and speculate more. It is better than i jump and take a risk to loss because i not see good news for bitcoin and that is my personal decision.

We always predict that there will be a bull run and bull run but still nothing happen. Many people and bounty hunters are keep on saying bull run but if you study the chart on market it would not happen. I do not know if the if the chart show bull or dead cat bouncing.

My short-term prediction for the next Bull run, would be Q1 of 2019. I base this prediction on the expectation that the SEC might approve the first Bitcoin ETF and that it would inevitably push up the demand for bitcoins. We are currently seeing a lot of financial institutions preparing for something big and I think they too anticipate a possible approval of the first Bitcoin ETF.

If I am wrong and this will not happen, then we might see a price between $2000 to $3000 for a longer period.  ::) ???  Some profits can be made, by buying some cheap bitcoins now, before the announcement is made.  :P <If you want to lower the risk, sell during the buildup to the announcement.>

Clearly the price is not the underlying value. I know that. But we were discussing about price, so let's not introduce unneeded extras into the equation.

I won't deny your data, you are much better informed. But did the hash rate drop with 45%? I doubt it. But the price did.
So while the hash rate and new mining gear can affect the price, I think that it has to be something else too that cause/trigger this (of course, it can be simply huge speculation, which is hard to quantify and foresee).

I agree with your points. Did not know this as a matter of fact and simply another reason why Bitcoin will rise again at some point in the future most likely in the next 1-5 years. I don't think that the ETF proposal any such reason will help push the market in the upward direction.

Mainstream adoption and the supply and demand logic are 2 primary reasons which can help push the market in the right direction. HODLING for the long term is the best strategy in this aspect.

That could be true. The long term bull run might happen later next year.

Difficult to say.
I guess there was not enough volume to support the bounce for getting a bull run started and break that support around 5-8 - 6K.
on the otherhand, sellers were not getting price lower than 3.1K.
For now the bottom is in I guess.
Let's see if it holds when tested again later on.

I think in the long run, bitcoin will get a bullrun, in 2018 bitcoin is too concerned, but as time goes on, the increase will begin soon.

Easy. Dead cat bounce. Classic. No question.

As we can see the price grow a bit, and even if will not be a new ATH this month, i think next year we can have a new ATH, just hold until then and why not buy more or get more coins if is possible and waiting until bull run.

I wouldn't call this a bull run until we start hitting $6k again. It would be good if we could go through Xmas into the NY and stay above $4k. The majority are still calling $1500, lets hope they are wrong!

Crypto is unpredictable mate, It is not dependent on bakkt and yes I hope you remember when the market was continuously dumping bakkt changed their mind to start their project on January. Anything can happen over a night that's the reason people say crypto is risky.

I am not smart enough to know the difference between a bull run or a dead cat bouncing in these type of markets. I know what they are but I can't really tell them apart while I am in them, some time needs to pass before I can actually see what happened and call it what it is. However right now there is a trouble with how horrible people look at bitcoin and are really just resentful towards it because of the price which means whenever people feel like they can sell bitcoin, they will.

This means the price will take sometime before it can actually have a good bull run uninterrupted. This one "seems" like a dead cat bouncing to me not because of any technical details but because if you check bitcointalk and reddit people call its a fake out and this market is run by people so whatever they say eventually becomes reality.

There is zero chance the bull run is start already. Last cycle it took like 9 or 10 months after the price stopped dropping for the bull run to start. Right now we're only a few days out from the current bottom. This is just volatility along the bottom, bouncing off an oversold position. Expect 3000s and 4000s for at least several months to come.

I find this a too steep climb.
Looks like the people dumping are buying back with profit.
Looks like it will soon correct again and then stabilize.

that seems too early to me. after such a long and brutal bear market, it would be very surprising to see a bull market emerge so quickly. the change from bear to bull is usually slow.

i'm not sure most of the institutions expect ETF approval. goldman and morgan stanley are clearing futures and will launch their own. bakkt and nasdaq are pursuing futures too. citi is looking into a different type of security called a DAR.

i'm personally bearish on the idea of ETF approval. after seeing what clayton and others have said, it just seems futile to expect much.

A "dead cat ounce" can only be determined after a STOCK has collapsed to zero.  Cats don't bounce back to life. It is a dip or correction or fall, but not a dead cat bounce.

That's not the conventional definition (https://www.investopedia.com/terms/d/deadcatbounce.asp). A "dead cat bounce" just means a temporary recovery before a downtrend continues. I'm not sure what you call a stock that's collapsed to zero. The closest thing I can think of is a speculative bubble asset, like with tulip mania. "Dead cat bounce" doesn't imply that though.

In this case it isn't hard to tell. The next halving is way too far away for this to be a bull run starting, and there isn't any other reason for a bull run to start. So that leaves the other option you mentioned, a dead cat bounce.

Let's forget the block halving because is way too far (2020). If you look at the sudden spike, the mental barrier is $3800 but bitcoin just steamroll that price and easily broke $4K as well. I think there's a lot of FOMO right now but I would agree that this is too early to say that we are having a bull run mentality. I wouldn't say that this is a dead cat bounce as well. Maybe this is just the start of another side way patterns up to the Q1 of next year.

I think it's technically a dead cat bounce. But there's a lot of ambiguity with that term. Most people assume it means "doom, price is going much lower." If we're near the beginning of an accumulation phase, that's not necessarily true.

We should expect the lows to be retested and undercut following this bounce, probably sometime in early to mid 2019. But often times these moves end up quickly rejected and we get "spring"-like action.

Here's an example. Right now, I believe we are currently in "AR":

http://d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffaccumulation.png

Just a couple weeks ago the price was in the $6k range FOR MONTHS. Of course we are due for a bounce. Straight down doesn't work any more than straight up does.

I remember the 2016 one because I sold a few months later.   It was a mistake (its not like I have tons of assets) because after a bottom like that it generally rolls upwards and all I had to do was have some patience.   I dont know if I would say this point is that area or not but even if it was the same you cant expect anyone to be happy or that optimistic for maybe 6 months
Even without a new low people will keep on with the same troll comments and negativity most likely because its perceived to have lost vs the highs.    


I didnt think mining costs were fixed, thats what I heard.   I mean the industry overall, I guess some businesses have set their price point needed too high.   But I would also guess there is some out there with some renewable power source who can survive a lower price.
The difficulty should adjust downwards if miners are being squeezed out, its a scenario thats been anticipated or so far as I know.    Efficiency always counts, theres no doubt on that and its going to be a factor in every industry

Bull run started I think and it is still good to us because in the year 2019 only we need is a little push to other investor to go back again and to those who are willing to invest to the bitcoin. Next year we expect the more and better price than today.

People thinking this is the start of a bull run to $100k are funny. Just a couple weeks ago we had stable $6ks for months, and you are wondering what a literal overnight free fall to $3ks followed by a move to $4k is. C'mon, we will see $2ks or less before the next bull starts (if it starts).

i assume it doesn't work too well since miners follow price. cheaper coins = lower profitability = unprofitable miners shut down. more profitable miners don't necessarily take their place either---that's why we just had 3 consecutive downward difficulty retargets totalling 32% of the hashrate.

a couple months ago, you were saying $6000 was the bottom because of mining costs!

The shitcoins btc cash and sv are way up compared to the bitcoin bounce - so what do we take from that?

We hope so but we can't neglect also that dumps happen along the way. The uptrend prices we saw is somewhat an encouraging to the investors and bring back their trust. Adding more capital will give huge help in the market and to help its recovery. We just give a weeks or a month to see if this trend will continue.

Dead cat bouncing, no doubt.

I would say neither.
This small increase still isn't the sign of bull run, this is too early to say. But that doesn't mean Bitcoin is dead or that will die.
Anyway, current small growth is encouraging trend but it remains to see if this will last and how far this will take us because there is still possibility for price to bounce back again. To my opinion nothing big will happen before the next year so we have to stay patient.

What is happening now is a correction. Bitcoin price was decreasing sharply for whole month. So it was expected sooner or latter to correct. If we reached bottom few days ago that is another story.

I think it is bull run and not the other way.  When bitcoin when down below $3300 last week Friday many of us were saying that bitcoin will not rise to $4000 before end of this year but we can see that this week a lone bitcoin has move significantly and adding almost $800 in just a week is very significant.  Traders that invested last week Friday are now in good profits because of the current bullish trend.  I believe that if we actually want to makes money in 2019 , we should invest now because though we would be having some corrections along the way I think it will be more of bullish than bearish.

Who cares if this is a dead cat bounce anyway if you are long? Back in 2014 as in 2018, the whole year was filled with dead cat bounces. Anyone lucky enough to be fooled by one or more and holding till today is doing just fine.

Yeah it always happen in a market as volatile as this. Though i'd say what's happening right now is neither a desd cat bounce or a bull run. I wouldn't give much fuss about this since it's not that significant yet. Not a month ago this current value would already cause panic.

In my opinion panic sellers do care, if they assume it's a dead cat they'll once again rush to sell and such short sells shall effect the market. It seems to me op has not observed well, cause this short term rally may lead the start of a bull run, all the factors point towards it. I have said it before I'll say it again these are affordable levels to buy, we will very soon hear of the approval of Bakkt and Nasdaq Bitcoins futures is already announced. Hence going ahead in 2019, we shall see more upside movements from current levels.

aren't they still engaged in their war of attrition? it looks like bitmain and the craig wright camp are pumping more money in. both sides probably recognized the market would be receptive to a pump after bitcoin recovered. i'm noticing a lot of alt/BTC charts are looking bottom-ish for the same reason.

Coins back in the red,

Looks like the cat is headed back to earth.
and our bulls turn out to be pussies.    ;)

https://wtop.com/wp-content/uploads/2012/06/247995.jpg

 8)

If Bitcoin will hit the 4,500 mark before Christmas this is indeed a bull run we are waiting for.
But if the BTC value goes back to 3,800 USD and we are caught in trap again and we should wait for the 2019 kindness to cryptocurrency.

totally not.not classic.not at all
dead cat bounce is when some asset dropped value almost to nothing
and then shows some signs of life , twitching, bitcoin is far from being done
even to consider it is ridiculous- just compare the 2018 and 2017 price levels
steady growth, no technical difficulties or code problems either
as for the bottom, it does look like 3100 ish was it, but it doesn't mean that the market cannot reverse now
and we are dominated by the bulls, not at all
but it does seem like the new ASICs and difficulty adjustments will keep the price stable 3400-4500$ corridor
again, if some holder decides to sell several millions worth of coins it could trigger another panic sell

Well I hope that it is the start of the bull run ,
There are so many people who are saying that we would have a bull run before this year ends and I hope this is the start.

Unfortunately, Dead Cat Bounce seems more likely when we look at this point. But the crypto money market has always tended to move unexpectedly. I hope we see the Bull Run.

Hmm. That's not how I learned it as a stock trader. The idea was that a stock had become valueless for whatever reason. It was dead and the business was likely to become insolvent. However as the price fell to almost nothing it suddenly received new buying interest because it was so cheap that it was now a good long-shot bet. This inflow of cash caused the already dead cat to go up a bit before a final collapse.
A lot of people confuse stock trading with bitcoin trading. But these are very different assets. Stocks NEED to make money. The money keeps a business going and it will totally fail without capitol. Bitcoin does not need your money and works fine if the price is $0.01

That's right and I also understood a dead cat bounce as a short bull correction after the first selloff. The price almost manages to come back to the top and then goes back down much slower. It can be seen in December 2013 and January 2018 when Bitcoin lost 45% of value and retraced back to only a 10% loss from the top.

This event that we're watching now is nothing but a small correction. 15% moves in Bitcoin are happening many times each year.

Bitcoin had recover for just 2 days i guess.Though i don't usually look at the coinmarket capitalization recently that was $3200 and suddenly became $3800 as of this moment.I think theres nothing impossible in cryptocurrency most specifically  bitcoin.A good sign for its recovery,maybe bull run was about to start.

the bull run is unlikely to start as it is very early for that. it seems to me that before January you don’t need to rely on something

At the moment, I think it's a dead cat bouncing hope it might lead to a bull run. Most of us have read different articles over the past few days concerning the trend around bitcoin and other altcoin coins, probably things are about to change for better but we all just have to watch out.

I don't want to be negative so it's gotta be bull run! No matter what the market swings through, I believe that its a bull run. We may not see the bull run, I'll name it a baby bull run.

Its likely but the market tends to move so let's hope for the best.

 MEOWWWW.... it is the high volatility in the market which contribute to the ups and down on the price value of Bitcoin, the crypto market did not sustained the momentum upward, we are looking at the crazy market up until now. Some expert say's... Not until the capitilation on the market are clear then the hicups would stop. The crypto market still unpredictable..

I'm thinking... a deat cat bounce, before a bull run which I hope will happen next year
we may see a couple more dips down below $3,000 but probably won't go lower than $2,000
then hopefully a steady long bull run from that point to halving day in 2021

I think there will never be another bull run like what happened on December 2017 but most probably we were going to experienced  a stable 7k to 8k on the following years.What is happening now is more of a dead cat bouncing.

We recently had some king of bull run in couple of days but it wasn't enough for us. The bitcoin price is still under $4.000. So we had bull run but it didn't help anything, the market conditions are still very bad. Actually nothing has changed, this is far beyond our needs. First of all the market cap needs to catch at least $200 billion.  

The chart you are showing that is representing dead cat bouncing is normal for a healthy cryptocurrency market at any time. The bull run does not means the price will keep on going up every day without droping any day. The bull run is here already.

I don't think we have a bull run just yet to be honest. I think this is just a bull trap or a dead cat pounce and will go down again over the holidays as volume drops and many of the humongous humpback whales try to cash out their readies in time for spending on their Lambos and rich holidays and stuff. I think there will be a lot of FUD coming from the Media also so that the whales can cash out before everyone else and then all the alts drop also like a pack of cards until we get a bull run happening, which in my books will not happen for a very long time. So for now we need to be really patient and do our best to not be miserable and depressed in this very long bear market crappy situation we are in.

What you are telling is the correct presentation of the bull run market, but still lot of immature traders are thinking that bull run means it will move up straight away so that they can sell in high and then buy in low.

bull runs means you have to be patiently waiting for it and trade according to it.

Somebody will do it when the time is right but for now i don't think it is the right time for the bull run. That bitcoin reaching at $4k was just a simple pump at the market and now it is getting back stable at $3800, what more do we expect then? The market is still in bearish trends.

I am optimistic that this is the beginning of bullrun. If there was a decline, it would be nothing. After that there will be a continuous increase

I think it would be a bull run ,
This could lead to a great start for 2019 I hope that we could see a great start for next year.
If this is a dead cat bounce then we should prepare for a huge drop.

I am believe Bull Run will come to market in near future. Its true that crypto price volatile like dead cat bouncing but i think every market volatile too. We need patience and crypto is long term investment

Lets bounce around for awhile... I'm not really too interested in a bull run right now as altcoins are dirty cheap.
It's hard to pile up a massive stash when prices jump 2-3x.

It's also nice to see panic sellers dumping legitimate blockchain projects into the ground.

This is probably a much need correction as november saw prices collapse ~50%

Bull run is not finish already. As you see lot of suffering the downside of all altcoins in this situation but we have to do is to wait until the market recover again.

Bull is coming not by this year but it will come to the market. We just got used to it whenever its december the market is already increasing and this only proves how complicated the market is, it is still unpredictable. Speculations next year has a huge possibilities since the market is down for the moment and i hope bull run will be first quarter on 2019.

We start bull run, it is like september last year,, beggining.

It is neither bull run nor dead cat bouncing. Bitcoin has had its low at 3150$ and now it will slowly be rising up. We will not see bull run for another year or so, but we can see bitcoin prices rise slowly to 10,000$ in an year's time.

Compared to old bull runs, this one looks like a small bounce but at least we are at a better price level. I would be okay with a slow and steady rise.

the bull run doesn't look attractive too in 2018 so I waited for it to really happen hopefully 2019 will see a bull run on the bitcoin trade

proudhon! - https://youtu.be/A7TuFy0fcuw  :)

Herewith, detailed Bitcoin price analysis - 2018 ...

- https://youtu.be/yVBQe5mp7j0   ;)  :D

Little bounce back indeed far better than continuous downfall, we are still lucky as we can buy more cheap coins and wait till the next rally to happen, anticipating that market will be more healthier after some years can bring positive outlook  to any investors who  are willing to wait and see the actual
rise, either it's bull or just another exit trap when you are positive to your assets you will be able to wait and keep holding.

The current rise in BTC price and ethereum price is not dead can bouncing, pls note dead cat bouncing is immediate reversal of price to a deep downtrend may be in a same day. I think last low level should be the bottom and price should recover from here, it may take some time.
Pls note it is my personal opinion based on some technical charts.

Well, the cue ball has reached its true price, or rather, we still need to lose a couple of thousand. And that's all. Where that 1.5 - 2 thousand dollars its true price.
And no 20 thousand. absolutely no, why should it cost 20 thousand, for example? Unless of course to inflate it, then it will cost 20 thousand, but it has already been inflated once, I don’t think that they will decide to repeat it, because some of the people are just waiting for this moment to merge their coins.

You can minus, at the beginning of the summer you blamed me and even banned me, when I said that there would be no recovery, that he would continue to fall. Oh, and what were your brother's speeches, wait a little more, and then he will jerk up, you have to buy, etc.

Such doubts are normal, it would be naive to assume that once started growth will continue in a straight line, and without any hesitation. This is the essence of the risk of the investor - he must choose the point of entry into the market on the basis of his own reliable observations and analysis.

I guess by now we can say that it's really a dead cat bounce or a trap initiated by who else, the big whales again. Everyone was ecstatic when the price reaches above $4K but it didn't sustained because speculators cashing out for the holidays. Right now it's $3800 again, thus, I don't expect a dramatic rise, we might see the price trading sideways for the next months or so.

Right now it doesn't look like neither a bull run nor a dead cat bouncing. I mean prices do go down a lot because there is this trend moving that affects it that just corrects itself after a while. For example if the price goes from $3200 to $3900 it goes down to $3800 like a bow. Or, if it goes from $4200 to $3700 or even $3600 than it goes back up to $3800.

Hence, these things always happen and the price has been steady between $3600 and $4200 for a while now, I know the last time we were happy that the price wasn't going down anymore and the chances are it will be going higher the price went down but this time there are things that could make price go up. Last time at $6500 when the price went down there was nothing that promised a better future. Right now, we have SEC+BAKKT+NASDAQ trio that could make the price go so much more higher.

Better price level ? No  its not  .   bitcoin is sitting a verry low price the same as other cryptos which i think its not suficient to make a proper income  .  the unexpected price hike in the past few day can be considered as a bull ( a small version of bull rather )  

About the dead cat bouncing . to be honest i dont know what that means because this is the first time i counter that phrase  .   though the first thing that comes to mind after reading it is fluctuations/volatility or unstablility because of the words dead and bounce

A fast google search will help you.

https://www.investopedia.com/terms/d/deadcatbounce.asp

This would really be helpful on whats dead cat bouncing.

Thanks bo , now i know

I think we will probably retest 3200. Sentiment is at an all time low, I think it would be quite surprising for us to have already reversed for good. But you never know with crypto.

Actually these days were having much unpredictable undertaking, which most of long term traders didn't put much pressure unto them. Although they're having nosebleeds from the past and present days, since 2019 was the concerned year for bull run which was the last resort of our hope. Cat bouncing is always will be and we're all potential players of this bearish trend aiming for that bull run to happen in a random aspects of time.

Whatever the type of movement but still the prices were constantly swinging in some region which is very low value when compared to previous year but it is not the end many more days yet to come so we will see the rest by days passes.

It’s just a bear trap before we reverse Bart and finish off the inverse head and shoulders before we expand into right horn of bull.

Well we did see a H&S shoulder when we did touch $4K, that's why I thought it really very critical because if we pass that market I'm sure we can push to $4200 easily. However, we all know what happens next, it didn't sustained that's why the price suddenly plummeted to the levels we are in right now. I wouldn't call this dead cat bouncing as well, it's just forming another pattern of bullish but the bears is still in control though.

of course thats normal thing, especially the price that failed to stay above $4k and fell again. but this doubt can also be a bad thing for the bitcoin market you know, and can also extend bad conditions to the market if doubts continue to be experienced by many investors

Its too buoyant to be a dead cat bounce and not regular enough to be declared a proper bullish move.   The correct conclusion then would be along the lines of a consolidation formation which is to even out buyers and sellers within a new range.

After some time people can speculate on a breakout of that range but really the OP question is not applicable on either points, theres a multitude of possibilities and its something else

This is what we always hope for in 2018 and we often go through it. However, it was only a dream that could not be used as a backrest. Maybe our backing on bull run comes only to relativity, see the current reality and the next few days or information that can change things.

Yeah, a pump and dump trend since last year and maybe it will continue for more months before we see a the real trend. Bear market stays so much time in this market, and bitcoin is in the good position now to start the bull market again. A small pump is just a small breathe of the market, there is something more that is hidden behind the bear market, soon it will come.