Bitcoin Forum

Bitcoin Crossed and hold above $5,400!
Furthermore, we have this daily 50MA touch and crossing 200MA

Is this the bull run we are waiting?
Share your opinion

If it stays one more entire week above 5400 I think that we'll say clearly that bull market has started.
The market is looking now more than promising.

Please move this thread under Bitcoin Speculation (https://bitcointalk.org/index.php?board=57.0) ;)

On the technical end yes it is ! But the worrying and unsure factor is the human, We still can get a pull back from the gain takers. Happened the last time we where around the golden cross.

From the technical side it will also be important how the candles look like end of the week and end of the month.
But the golden cross will happen now unless the BTC price drop significantly to new lows. The question remains how long will it last? We could just move sideways for a while with lots of fake signals on the technical side ...

but by definition, it's not a real gold cross that we're seeing here. but it's still a
good sign for the market as a whole of how everything is moving at the moment.

In one week we have seen that the increase in the price of BTC in the market, hopefully this is the starting point for the bull market that we are looking forward to. :)

Golden cross is a very positive sign that a bull run is near But for bitcoin there is lots of factors to consider. Let us see how the market will react to this and if it can maintain its momentum upwards. The vibe is very positive for a bull trend. Hope it remains that way for a couple of weeks.

for bitcoin?
no, because the "bull run" that people were waiting for is not exactly a "bull run" it is a gigantic rise! what we have here is not that. instead it is a simple rise like bitcoin always experiences as people keep on buying it and due to its limited supply with increasing demand the price continues going up.

for altcoins?
no, if anything it is a dumping that is coming to them. today we saw once more that each time bitcoin surges upward, the altcoins get dumped hard.

I already believe the bull run already started, the last pump that brings bitcoin to $5,000 was the first sign of a bull run.
Everyone have different view on the price movement of bitcoin but as it continue to rise, more and more think the bull run already started.
I am not an expert but I have my own view and I'm optimistic for a new ATH to come soon, probably this year.

I think we've been in a bullish market for a couple of months now. Momentum upwards has been building slowly but consistently.
I don't really subscribe that much to TA for crypto, but a lot of people do, and in that way it can become a self-fulfilling prophecy. So yes, in that regard the 'golden cross' which we are touching now at around $5600 could be psychologically important for many people, which could in turn pull prices sharply upwards.

I think this is a good sign, and this can be a bull run but maybe this will be different from another which make the price grow so fast, but always i think is better to hold the bitcoin for a higher price.

in technical analysis, i think a lot of indicator show if the market will growing up,,
i do believe if the bull already win the battle with the bear, and now the bull already controlled the market,,
i hope this is not just a bullish trap, but the real reversal from the bearish trend to the bullish trend
regards

We are in Jully 2015.  So open Bitcoins chart and calculate when bull run will start.   We will get bear trap before that.

It is indeed a golden movement, I was amazed at the speed it used in breaking the $5500 resistance, although, there might still be a bit of correction in future, that is when it crosses to $6000, I am not so sure but I think there will be a little bit of correction at $6000 to about $4500 or thereabout, it is from the breaking point that the speed will continue to shoot up till it gets to $15000.

The momentum it will gather at $4500k will be very strong and may even push it above $15k before the beginning of the 3rd quarter, but this week will decide if BTC can continue and approach the $6000 line.

Bitcoin moving upwards recently, and with how it looks it seems that the bull run is really trying to run stronger this time, investors needs to be more optimistic holding and waiting for bigger pictures along the way, bull will bring great achievements for investors who will calmly wait for the next ride,
stay positive and follow those indicators.

The 200 day moving average and 50 day moving average has come closer after a long which is almost the pure indication of a bull market. Similar form of market move took place in the month of July 2015, following which a price crash has taken place and further the market continues to be on the bull market. Similar growth can be expected this year as we're near to golden cross.

A bit of a dip just now in the last hour, but these quick dips are no longer as much of a concern as they have been over the last year. The markets are definitely bullish now, and dips are quickly recovered with that slow but consistent upwards trend. I expect BTC to push onwards to $6k, where there might be some resistance.

The community gets excited after every price rise. But we're still far from the bull season. Please wait a bit longer.

It looks good for BTC at the moment, if its going to start a bullrun... i don't think so. but i prefer a slow and steady grow instead of this parabolic fomo as we have seen in 2017.
a golden cross is a good sign, also this dips coming slower and aren't so big. market looks really good 8)

dont wait a bull run until may 2020.
there is no any cash entrance to market. after halving we can talk about bullrun.

I believe if the adoption and demand build up fast, halving gonna push Bitcoin price to a new level
Even without halving, as long as more people are getting in
The demand will always increase because the supply is static
It's not like goldmine, where you explore and search and you could get a huge chunk if you found a good Goldmine

Bitcoin isn't something like that, hence lets see!

And you were right. We're down once again (the pullback took us to the 5.4k rance again).

Looking at the charts over the last 30 days, it looks like after the pump at the beginning of the month, some people were waiting to cash out some profits at 5300, and then at 5600, although the sell off at 5.6k wasn't as big as the one in 5.3k. Still, this was an expected pullback, I wonder if this is going to become a pattern from now, if it does I'm ok with it, I'll take 'steady increases followed by a retracement' over 'sudden surges in prices without pullbacks' any day.

I'm fond of thinking that this golden cross should be the start of the bull run. $5,600 today and went $5,400 so fast but that won't be an hindrance because it will recover so fast and on how it went down a bit for awhile, the rise would be easy for it. Hopefully that this is going to be the sign and start of the bull run.

An interesting assumption. Do you mean a bear trap that was on August 25, 2015, when the price of Bitcoin fell to $203? In 2015, after this fall, prices began to rise in August and in November it was already worth $480, after which there were falls, but it grew and after a couple of months the price increased to $600. It seems that this year we can see a similar schedule.

The different between stock trade and crypto are of their unpredictable value.

I can use MA 100 & 200 on stock trading for example, after I made some screening about it.
From their total profit ytd , uptrend, ROI , etc
But in crypto, it's a bit different !

The golden cross caused a nice pump a few years so it is assumed that history would repeat itself. However, we all know that crypto is very unpredictable so it hasn't happened yet but that's not to say it won't shoot for the moon very soon

Everyone is talking about the big cross and bull run Lets hope it doesnt hit back and most days now are filled with reds trying to break resistance I think there maybe a bull but am sure it wouldnt be that much so people expectation should atleast be minimal to avoid been disappointed