Bitcoin Forum

https://image.ibb.co/j1JDGF/Screen_Shot_2017_02_26_at_12_32_58_PM.png (https://ibb.co/n6ULwF)

We've had a significant bull run already so I'm expecting a price drop rather than a bull run to the moon.

i hope your wrong

i hope that too but with the recent price rise and the breaking of the ATH all around, there needs to be some sort of short term drop so everyone can buy back again after they sold their coins for profit.
besides there has been some dumps going on, showing the bull run is over but temporarily.

1 minute charts... what could go wrong?

Instead of a bull run to the moon based on the charts, In my opinion a bull run to the earth is what we will see. Based on what I see in the charts that OP posted bitcoin's price are holding in the price right now because there's someone buying to counter with the sell that is happening. In my opinion if they decided to stop and just dump it, surely a dump will occur to sub 1000$ but it will rise again soon so it will be one crazy movements.

in your dreams.

i am sorry if you are waiting for sub $1000. that is not going to happen with the current situation. unless we see some series of negative news FUD such as ETF getting rejected, or another wave of China bullshit. otherwise 3 digit price is long gone.

yup accumulation phase

I think the price will be stable between $1000 to 1200 in the next few months. Then it will start rising again.

My guess, the correction stage already passed and we will see the bullrun stage will be starting as soon as possible until near of 11 march. I'll HODL my bitcoin in my pouch. Sell them in near of 11 march.

We are already in a correction.
After breaking the old ATH on Bitstamp and Bitfinex we continued moving up to over $1200.
Then we saw the beginning of the correction with it's lowest point at 1091 and 1110.
Until march 10th I don't believe we will go down again. Imo we will start to rise again, probably up to $1300 and then we will see what is going to happen after the SEC has made it's decision regarding the ETF.

All the traders who are taking a call on the approval / denial of permission for the ETF would have taken a position by now. So trading just before 11th March won't get you any advantage. You should sell at the short-term peaks if your intent is to get out before 11th of March.

How you will identify the current phase of bull is getting over ? No one can be sure when that "after bull run" point is going to happen. Theoretically after bull run prices will fall, but with respect to bitcoin prices we cannot be sure we have reached an over bought zone so that prices will start falling back before another bull run.

As per my technical analysis, this bull run may last till $2000 prices regardless of what would be the result of bitcoin ETF will get. Because bitcoin already got sufficient media coverage to get enough new investors to reach there.

Well does depend on certain trader if he wants to take risk on holding or selling off his bitcoin before or after march 11. I don't know what would happen that particular day and let's wait for that day if speculations are right or wrong.

Bull run or no bull run, eventually the price will surely hit the $2000 since it's only a matter of time. However, the ETF approval might give the price a significant boost as it will allow institutional investors to enter the market. The effect of money from these investors flowing into Bitcoin should not be underestimated. If they jump into Bitcoin by great numbers, then even $2000 will be considered peanuts in the long term.

lol.....pretty bullish on the 1 minute there though!

if only one thing is for 100% sure, that is the fact that price won't last stable here (although you were cheeky and chose a big range) for "a couple of months!

you are mostly forgetting that in a short while there is the ETF results coming out and there is always the Chinese irrelevant news and their so called inspections!
the range of stability for now is $1110-$1190 and the type of news that comes out will determine the short orientation.

I nice holding at this price for a few months would be nice.  Don't want to go up to fast or it WILL come down pretty hard.

ETF will be finally approved, no matter in 2017 or later years, we can be very patient, and even without bitcoin, the price can be pumping significantly. I don't worry about the price.

just stop worrying about the bulls and bears and all the rest of the jungle animals and start accumulating while you can and price is still low. soon we are going to start seeing new price series of price rises, and then the ETF deadline will come and seal the fate for a while.

Bitcoin is going towards new ETH price so all this dumps/correction after a big pump like recent one is normal. Chinese may again spread new FUD regarding PBOC investigation  ;D

You think a bull run is coming?

We've been in a bull run for months now, punctuated only by a few short-lived panic dips caused mainly by PBOC shenanigans.

I see no reason for this bull run not to continue.

The most important thing is having a bitcoin price above $1000 for the rest of the year (preferably +$1100 forever ofc) then loosing one hundred then recovering it shouldn't be a problem, the essential thing is a positive rise at the end  ;)

I think bulls have been charging for almost a month now.  As a matter of fact they have been charging even before 2017.  Probably you are saying, Bulls are getting charged up like Bulls in a steroid.


I think the scalability issue is much important than bitcoin being at $1000, because if Bitcoin scalability issue is fixed, I am sure we would have been sitting in $2000 by now, pairing with the possible ETF approval.

Yeah it's 1150$ and more now. This price bump is moving to high value in recent days. But i do not agree that this a bull run. However, this somehow when we see the last month bump.

This!

It grew over 400% percent over just above a year. To beat this we need to reach $5000 now.

i won't call this bull-run, just a steady return to the last ATH, or to the main if we want to follow the chart example about how a market move

the real bull run is yet to be revealed, there is no real adoption now and EFT is not even initiated, people will shit their pants when bitcoin will be on track to increase how it should be

At the moment I see no big movement upwards in the near future anymore.
During the last months the price has already went up very far.
Now a lot of people are afraid that a bubble might develope. But since there is no sign the price might go down, they do not sell either.
I suspect the price to stay constant on this level now for a while.

Current levels can't be considered a bubble, or a bubble in-the-making. If we shot up to $1700-$2000, then yes, it would be a proper assumption, but not at current levels. I think the price we are seeing now is just about right with demand for a big part coming from people looking to escape the tyranny of their governments. Bitcoin for these people is a great escape from their governments, plus it also offers a great investment opportunity. People would be stupid to not secure a part of their wealth in Bitcoin.

by a lot of people you must mean "you" and some of the topics you read which are pure "FUD". nobody else is thinking about a "bubble" because there is none.
you should know that there is big difference between a rally rise and a bubble rise and you can always check the supports for that too.

Honest question, have you experienced a bitcoin bubble? They usually are a lot more explosive, and they don't even gain steam until breaking the all time high.

That is a good example of what I call "the to da moon myth".

People that adhere to this myth think that it's mandatory for Bitcoin to reach high price levels, because it will be - in the future - the dominant payment method or one of the dominant methods.

What they forget is that a part of this "adoption myth" is already priced in in the actual price level. I don't think the Bitcoin users that are using BTC not for speculation (including the so-called "hodlers") are more than 10-15% of all users, and that's already including people that use it for speculation and some other purpose.

It is truely possible that Bitcoin can get adoption and a much higher price (in another post, I have mentioned a realistic long-term price level of ~20-30K USD). But that is only possible if the whole ecosystem grows. It is - contrary to popular belief - not a simple mathematic equation (e.g. global M2/21 million = future Bitcoin price ;D).

So I tend to agree to JimboToronto - since the second half of 2015 we're in a bull run. Every stock market trader would agree to this. But diverging with JimboToronto I think it's not mandatory for this bull run to continue - it can stop everytime, under or over the MtGox ATH.

If you are planning to have a quick exit just before the decision is made on the ETF, then you setting yourself up for a big disappointment. Nobody

knows what the outcome will be, and we are not trading much higher than $200 {+/-} above the price, before all this hype about the ETF has

started. A negative outcome will chase away the speculators... but the majority of us will still hodl our bitcoins for the Moon. The ETF is not the

make or break for us... Who knows... 1 week after the ETF decision ... someone might launch the Killer App for Bitcoin.  ???

If there wasn't COIN ETF in play, then price stability might be real, but I expect that after 11 March and final SEC's decision we either will see:
- huge boost of price (we are talking abot 100% boost) followed by hype we never seen before - as business will invest in BTC
- small decline - (no higher than 10%-15%) traders know that ETF approval is rather unlikely to happen

Anyway some kind of shift will happen after 2 weeks. Be ready. Until then we will have stable period, the calm before the storm.

So you are saying Bulls are only just getting to pumped up with this increase and sudden steep incline in price for a few days?  Then if ever the Bull started to run with all the pump and steroid in it, Bitcoin can possible rise to $3k?  Well if in that case with the ETF being approved and adoption is everywhere there is no telling how high Bitcoin can get.

The dip is inevitable, every rise will cause massive withdrawal and the price will fall down again.
Last time bitcoin price reach $1200, within hours it suddenly drop to $1150 and keep decrease.
Now, people already buy back and wait for SEC decision while others speculate whether winklevoss ETF will approve or not,
I guess SEC team will approve it, rather than thinking they won't and cause another significant decline. We like bitcoin price getting bigger and more valuable right.

I think that's what's happening, too.  People--and this probably includes the ETF folks--are buying it up, albeit slowly so as not to cause the price to skyrocket.  But as to the title of this thread, we're already in a bull market.  It's not coming soon; it's here.  Frankly I think we're seeing the price rise a little too fast for comfort, but we'll see.  I also think it's still a good time to buy, and I'm not waiting for a dip.  But who knows?  This could be 2013 all over again.

If you are investing in bitcoin you must be concerned with the price of the coin and investors are looking for a bull run rather than bears.Hope the fate of bitcoin is not in the hands of ETF and i can understand that the price is increasing because of it but i really do not think that i could hurt the price of the coin in the long term even if the ETF is approved.

I think this is the best time to buy more before ETH gets approved... buy at the dips

For those that think we've had a big bull run and BTC has to "recharge" or go down for some time - is BTC really worth what it was 4 years ago when the price was at or a little higher than the current price? Has not adoption, volume, mining difficulty and on network transaction volume not grown significantly since?
Most people posting are convinced we'll see another downturn recharge period, and yeah a bit of a recharge is reasonable, but if that is what alot of people are saying I think of Pareto's law.
BTC has been recharging the last 4 years, gaining parity with the price of 4 years ago is not the big bull run, it only possibly starts at higher prices, and looking at long-term patterns it should go alot higher than a measly 1.25k. BTC's mkt cap is peanuts compared to many other mkts, it is still incredibly small, and if it is successfully adopted for what it aims to be it's mkt cap will surely have to be much much higher.

Stop spreading these toxic lies. It's not helping bitcoin as a whole.

We all know that the price of evry cryptocurrency is highly volatile so there is always correction after some uptrends.

i still think the bull is coming

in our faces & down our throats

i still think the bull is coming hahah

5 more days folks

the bulls are here

fresh fund from elsewhere

i have to admin that your post was inside 100% on what happened.
The point is where do we go from now?

We are waiting for the ETF, the Kraken is getting very strong with big volatility, the bulls are here and those dumps coming after insider information of rejection or because of correction? we are in big stress everyone here that we wait for the call to sell or buy... any information could help up make some fiat or BTC...

so what do you see from now?

Could be, but I very much doubt that. It's normal that the market isn't exactly sure in what direction to head as one side is looking to cash out profits, and one side is looking to benefit from these dumps so they can expand their positions as they benefit from the lower prices. The demand makes sure that the price doesn't fall down that deep without recovering.


I see money as the market is once again moving in a repetitive manner. If you know how to make use of this volatility, then you won't mind the volatility to stay for a few more days/weeks.

This is already a  bull run that we are experiencing right now. Being up by 120% from last year is more than what I can wish for, and sometimes a retreat is also a welcome sight so we can start another cycle of run up towards new territories. If this consolidation that is happening right now is any indication of higher prices, then we might break $1,500 sooner than expected.

Well I really hope we break 1500$ sooner than expected now so in expectation to what will happen this weekend if ETF gets approved or not im holding all the bitcoin I have accumulated from trading and signature campaigns these past few weeks and im not gonna sell them yet to get more money. I hope we break 1500$ by that time but a little rise to 1300$+ would I think be lovely too.

Looks like 15k$ will have to wait bit longer than expected. Looking at price correction, it seems bulls are rethinking their decision. It could be due to http://www.businessinsider.in/bitcoin-slides-after-chinas-3-biggest-exchanges-say-they-will-keep-blocking-withdrawals/articleshow/57538794.cms (http://www.businessinsider.in/bitcoin-slides-after-chinas-3-biggest-exchanges-say-they-will-keep-blocking-withdrawals/articleshow/57538794.cms)