Bitcoin Forum

Bitcoins price suddenly pump. What do you think? is this the start of Bull Run or just a Bear Trap?

Edit:
https://imgur.com/a/0KVGgHI

sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.

This is a sign of speculation or a rebound of the whole market.

If you have bitcoins to sell, then contact him. He wants to buy 5000 bitcoins

Whenever we are giving such type of statements we must give supportive documents.  In this case it would have been better if you have given some chart in proof of your statement.  
Though I do not agree that there has been some jump in the price indicating bull run.

there was no "pump". it was a rise. just because price increased doesn't mean it is a "pump".

additionally this was more like a recovery after a hard drop and also because price went below the strong support like at $6000 so it had to be corrected and price needed to come back up. it doesn't indicate any bull/bear run/trap or anything. it is just recovery!

Bitcoin prices suddenly pump. I think bitcoin prices are very difficult to predict. The ups and downs are common.
I hope the bitcoin price can be better than before.

What would you call it when the price of the Bitcoin went down to less than $6000? That was a hard fall, or you can call it a hard drop. Which makes it a recovery. Bitcoin just recovered from the sudden fall and it's good news that the recovery didn't take more than a week.

The price of Bitcoin drops sharply and it will have to increase. That is inevitable

going from a 2018 low of $5800 to $6400 is only ~10%

thats not a pump. thats a normal expectant wave. relax. 10% movemnts happen. just enjoy surfing the 1-10% profits and repeat.
its not worth calling out every 5-10% movement. as you will be posting the same question many times a month/year.

if your a day trader, then yes look at the price hourly/daily and trade the 1-10% waves.. and repeat repeat repeat

if your not a day trader and not interested in trading every day. then dont look at the price every day.
instead just tell yourself your sell price and just set an alert that only tells you it hit, when it hits. then relax and dont think about it

maybe you see it as a bear trap, if bitcoin go to the moon again for this year i think that is not possible, so look later after next halving considering the supply will be very little again it will certainly push the price will rise sharply

Pump? It's not a pump, the price are increased just a little.
It's a normal movement about the price to fluctuations, we need to wait more time to see bitcoin will recover.

It is not a breakout yet, we need to surpass some marks to confirm.
If bitcoin rise over $ 12k we are sure that bull trending started again, but currently we are at $ 6k marks yet, some people are waiting $ 4k and $ 3k for bitcoin before bull trend.

In my views, during the past days when btc had increased back to $6.4KUSD, I think it was just an ordinary increase and I would not consider it as a bullish market pump. People should refrain from doing a panic sell since it is not favorable to your end. Hold still your bitcoin and wait for the right time when selling it. Just hoping that bitcoin could get back to bull market in the coming weeks. I think why bitcoin had not improve much probably btc had more supply than it's demand.

This is just a speculation of the Bitcoin graph, where it creates a pattern for can reading. if we look at the pattern like that then this is just a trap.
But if we look more broadly, Bitcoin is beyond its resistance and create a new column and if the price can survive to this day then Bitcoin is in the sure will rise again.
that's just my guess, if there's something wrong please understand because I'm still learning.

BTC Fake Out, people have expressed fear, trading volume weakened from the beginning of 2018 to now. I have not seen any signs of recovery for this market.

We need rebound last months has been depressing. Where the whales at

Im not seeing it as a trap. Its a bounceback from a big dip. It has been so low for too long. It needs to go back up. Im not saying its a bullrun, i hope it will come to that. It has gone beyond the $6,000 resistance. But for now, price recovery is the best word for it after the huge drop.

Bitcoin was created in order to improve people's lives, bypassing the state and not paying taxes for transactions.  Of course, bitcoin is a breakthrough.

It's not a pump, better say a rise in value, or some kind of recovery. It's early to speak about the bull run, but who knows, maybe it is?

A +/- 10% increase and decrease in the daily price is not anything new to us, because this is actually normal for Bitcoin. A lot of people are invested in Bitcoin because it is so volatile and you can make some pretty good profits, if you know how to make good use of the volatility. We get exited when there is a fast rise in the price over 30% in 24 hours.  ;D

Go look at the 2017 charts of last year and you will see what I am talking about.  ;D  

With that said it tells us how hard it is to really talk about the market terms. I was really hoping that this is kind of bull run because of the prices hiking all by 10% upwards. I know the fact that bull run is defined by the price rise of 15% but 10% price hike from the yesterday's movement really got my attention at it. May be there needs some correction surely, but that is also poorly defined term. Many times when bitcoin drops then also we use the term "bitcoin correcting itself", so its pretty awful which one is right and which one isn't.  :o

For short term, I do not see a clear indications whether the trend is still bearish or to reverse for bullish. If the trend is still bearish, surely it can be said bear trap but for long term I still see this as good investment while the price is still low.

After a long fall in the price of bitcoin, it began to gain momentum. That's good news.I see several reasons for the rise. There are some traders who consider the growth of bitcoin unjustified but they do not have the ability to influence the exchange rate.They will sell their investments and leave the market.There's another reason.This is insufficient liquidity.In the case of past rises, the cryptocurrency was owned by a small number of people.Sales were small. And that led to the rise of the course.

Bitcoin only raise a little bit and not to be considered as pump. Because bear marke is still going on,   and the bull run market is never had a clue to came out. It can be considered as a correction and nothing breakout or fakeout on this. Suddenly this raise comes to fall and dont really had a pump. But i think after that long term waiting in bitcoin price, pump come very soon.

It seems to me that it is impossible to turn on the pump at once. Bitcoin should slowly but steadily gain price and then positive sentiment will do the job. The prices were in a very long fall in order to restore confidence in bitcoin it takes time. Prices do not rise spontaneously. I do not see any conditions for recovery in the cryptocurrency market.

I dont think that it is a pump because it is just a small recovery after a huge fall to correct the price. And I also dont think that it will start a bull run any time soon and it will remain on that price leve 6200-6500 usd. But who knows. We are all speculating the price and we cannot accurately determine on what will be the status of bitcoin for the next few days and months. But surely will have a run.

It is hard to tell if it is a breakout or a fake out. If you are going to check the volume you will notice that there are only a little volume being traded and this means that the seller are holding more bitcoins while the buyers only bought few bitcoins. Since there are no support nor resistance it is hard to foretell whether its gonna skyrocket any minute or gonna crash any minute.

People think the move had something to do with CME contracts running out.

I think it was price correction and bitcoin price will be around 6k to 7k for a month or so then we may see bull ran but it's just a speculation there is no reason to believe it as we can't predict the market. 

The price of bitcoin always fluctuates. There's nothing called 'pump' to it and nothing is fake. It either rise or fall. However, I'm happy that the price rises and I hope the price will have good growth further.

Who knows if that is bull run or a bear trap, but for me maybe it's a good sign to start recovering the price of bitcoin this month of July.

I was thinking that it was a breakout but currently it is turning to be fakeout. However it might still continue: I suspect that traders are taking profits and that is why it could not push on. I also expect bitcoin to make positive upwards movement from this July as this is what happens last year and some years before.

in my opinion this small pump is not a bull trap which is a adjustment of price to me before to bullish again . 'cause as we noticed it always pump back to 6k level after it fluctuate below , which is a big sign to bull again Imo.

Every year crypto was move to forward in August 25 so this year also it will raise in that month. May be we should expect some good sign in this month but continuous pump is surely possible in September. So this is the right to invest in crypto but some peoples are stay away in this platform so it is looks like a bear trap.

Yes for that, especially if bitcoin goes to the moon again for this year I think it's impossible, so look later after next half remember the supply will be very little longer it will surely push the price up sharply, but we should also be able to see the analysis about that matter.

When we know that until now bitcoin had every next year better then previous why there is so many people who don`t believe in bitcoin bright future? Why so many people come here on forum, register and post this kind of topics, breakout or fake out, what that suppose to mean? Now we need to explain to people again how bitcoin have a nice future, and very small chances to fade away. Constant fluctuations in price can be explained, but only after everything happen. To predict next rise or drop is possible for some people, mostly whales who manipulate with that and earn money from that, get use to it.

Thank you for the link. Well, I will tell you that it is just a trailer. BTC has started to recover its price. Soon the bull market will be started in a full power. I hope that BTC will be able to recover its total price within the end of this year.

I think this would be the start of bull run. Bitcoin along with other cryptos are fightig against the market from last few weeks. But just from today, it has been changed its position. However, I think it will bring some juicy fruits for the investors.

Dont know why people cant able to identify a pump and a normal price increase? Those candles doesnt signify a pump but rather a common price rise movement but it doesnt mean we are heading to reversal. Bear trap? Isnt an appropriate word to be used because we do might definitely see a bull trap.

Bull trap- fake outs of prices when it tends to go up and thought it would pump or continue to rise up but later on it do drops out instead
Bear trap- opposite way.

Well, i don't believe that it is a bull traps in other swallow some people's money but it is the real break out after a long period of time that we all waiting for such move. There is a difference between pump and the normal increase in the market value of Bitcoin base on the current candles stick formation we have seeing so far.

Bitcoins have always been at the top of the market. Even with a dip, its popularity did not fade. We just need to be a little bit more patient, wait for the conditions to improve and retain our investments. The low price should not put us in a panic mode because the market will improve soon.

That's a very good news. I am not sure if it is bull market or not. But this will definitely bring positivity in the market.

I'm not convinced yet. Just a small bounce imo. We are not out the woods yet.
We are still in the accumulation phase which could last much longer than many here expect.
So investors and hodlers and need more patience. For day traders this moves are always welcome as they are making money with those kind of volatility.

We need to be patient and have faith in our strategies because we know that the market will recover from the downward slope and the prices will go up again. And without a single shred of doubt, bitcoins are the best in the market and as soon as the market recovers, the prices will skyrocket and our investments will be worth it.

I'm not seeing it as a trip. It has been so low for long time. I'm not saying its a bullrun, I hope it will come to very quickly. It has gone beyond the $6,000 rate. But for now, price recovery is the best word for it after the huge drop. Some people sell panic. This reason the price of bitcoin are going down every day. Bur I really belive that it will reach high price soon.

Bitcoin is a great coin for invest. So many people’s are connect with this site. In near future i think its popularity will more increase. For achieving their goal they need to maintains their performance.

I don't think it is a trap. The market has gone enough low and this the time for it to recover. I am happy to see this pump and hope that they will continue this process of recovery.

In my own opinion, there is no bull market this few months ago because the market price is continuously decreasing but we can still hope for the market price to grow anytime due to demand of people that can soon ignite because of the low prices in the market.

Pump? It's neither a break out nor a fake out. I think it's just a regular market movement with a couple of twitches from the big fishes. Though this is a good sign for everyone reeling from the bearish trend that's mostly happening :p

This is not a break out? Break out doesn't happen this small, it usually happens like a huge rise in the price. Going to 6k is not a huge spike like a breakout would. Altcoins that gets pumped and dumped shows a break out, they get like %80 price rise in one day, than drops like crazy the next day.

This is just price correcting, if the price goes up or down too quickly than the price corrects itself at one point. Sometimes its just couple bucks, sometimes hundred bucks but at the end of the day the "too quick" movements gets corrected for both directions.

The price of bitcoins has pumped immediately because there are whales who are just waiting for the price to dump very hard before hoarding a huge amount in order for them to earn more profit.

In the short term indication, there is nothing to know and best is to just wait for the market to develop before even making any possible move. The reason why we are not seeing much volume in this market is because we are in a downtrend anyway, and simply no matter the short pump that we get to see, a lot of traders are being very careful to make any moves. Simply put, the best is to relax and see how things play out. It could be a fake pump, and it could be the market in need of some volume, but so far, nothing is certain.

Personally I would not consider anything yet. During downtrends like this, it is always necessary to be scared of any possible breakout and allow the market to settle down and show possible direction before hopping in. With the past situation of the market and in the possibility of seeing a lot of manipulation, it makes a lot of sense to see how the market breaks out and plays out before making any attempt. Like you said, it is a pump and it can end up being dumped.

They are just watching how speculators moves and how traders and investors played with the volatile market, after that whales will just point the directions and all of us don't any other choice but to play with them or stay way from them, this small pumped cam boost some newbies to invest
and try it as well, just need to have courage and used spare money so just in case things won't go to our directions it won't stress us much.

Nothing will stress us out on this scenario and encouraging everybody can be a definite ways to overcome the anxieties, that most people are looking on these days when price fluctuates. Their mindset doesn't have the confidence to have self control even though the whales played and important roles with cryptocurrency. I suggest for those newbies in crypto to be strong and develop that self reliance even though more groups wanted the bear market to grab bitcoin at falling value, for the fulfillments of their personal intensions.

We may see prices go temporarily above the $7k mark, but I doubt that this is the start of the recovery.

So if you are referring to a breakout as the start of the recovery or the start of the next bull market, then no, I don't think that at this stage we can say that is going to happen yet. There is simply still no momentum in the market, and the $10k resistance was proven to be very strong last time we tried to test that level.

I think that we may see a short term bull run though. I'm still not 100% certain on $6k being the final bottom of this bear market, because we've seen much longer bear markets on average. Thus, it's probably not a very good idea to be overly optimistic right now, although it's definitely a great time to accumulate and fill your bags.

Today's market is full red, I am really confused about the market, what is the reason for this decline?

The BTC has resumed its downward path, and if it cannot stand on its feet for $6,000, the encrypted bear market could last for years.

It is even obvious already with the way things have turned out. It was more like a fake break out as far as I am concerned, and it is normal to see cases like this during downtrends most especially when there is huge manipulation in the market to send the wrong signals to some new investors and some few traders who are just trying to gamble the market. This was a short one upward which possibly has ended up forming a rising wedge with the buying momentum dropping further.

Every coins in the market is suffering for price based on this situations we need to understand this things more because of demand and supply many things is related also this its very good to know you wants to learn something about this crypto market which is really good initiative.

Bitcoin price pumping taking place at present is the gradual growth which is expected to take place long ago, but it has been taking place now with more support from different sectors in large scale. From the growth it has been taking place, I never find it a fake out.

Bitcoin breakout is long overdue and the current price of 7000 USD confirms that bitcoins is about to begin it upward journey to a price of 10,000 and if possible 15,000 before the year end.

Yeaah I've seen that growth but remaining calm with this sudden breakout to $7,000 is what I'm doing. I don't want to cause ruckus by starting to take profit but I'm more convinced that its better to be long term to bitcoin.
Although this can be a trap but I'm hoping that this isn't and this is the start of the long awaited upward trend that we have been waiting for.