Bitcoin Forum

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

It feels great  for this good recovery in the last few days. I believe this rise in price will stay for a long time and even better. You need patience to succeed in the world of crypto. Am sure those who did panic selling are beginning to regret.

this was not a big deal in my opinion. but at the same time this was a nice rise because it brought bitcoin price back to above $7k which is more reasonable price for it specially after the bottom was hit.
we can't talk about price mooning at this point or any kind of bull run though. but this is a good sign in any case.

it is not a bull you cannot consider it as a bull since it raise just only 1k dollar it is normal if some people bought a couple of amount of btc for me you can consider it as a bull if the price raise by more that 40% with just a week or less.

I think, this is not a matter of good or bad. Since it carry a financial value, it will move sometimes up and sometimes down. But we all should face the movement with strategy.

i have to laugh. when people see a 10%(~$600) drop or rise they scream bull or bear.sorry but 10% is just dancing around a field.

a bull or bear run is not something as temporarry as a hour/day. it the average direction over a longer period.
short term movements of a few hours or days are just rises and falls.. and if th rises and falls are significant % then thy are spikes and dips.

but a bull run or bear run is more of the long term marathon not the short term sprint.

dcember/january was not a bull thn bear. it was a spike/drop
february-june was more of a stangant dance of rise and fall

we have not really seen what the medium-longterm direction of 2018 is.. but the long term of 2009-2018 has definetly shown to be very bullish

Would you call the September to January run-up a bull market trend though? A $3000-$19,000 run-up would probably fit in the bull market trend category. Though of course it wasn't a smooth sailing rise; a few hiccups here and there.

Wait and see. Dont make any action yet. This recent bullish trend is to green for anyone can analyze. Wait for the next 2-4 weeks and search for good source of information about why it rising to make sure you are in the right train. As for me, with this little time and information i still labeled bitcoin as a spike.

yes, now time for btc,  BTC dominance is increasing day by day. like past year.  this means bull run coming soon. After BTC  then LTC and ETH and then ALTS coins.

nope. the spike was obvious HYPE and not based on a VALUE increase..
bull markets are optomistic rises that are felt to last and sustain themselves for months/years

its actually easy to chart out the difference between VALUE and the spculative PRICE
https://bitcointalk.org/index.php?topic=4468667.msg42509945#msg42509945
and when you see the PRICE rise 3X-4x the value.. you know its not sustainable and will drop. thus no confidence about lastability.. and just a short temporary opertunity to grab good quick profits surfing a temporary drama wave which u know will crash


the way i see it is this
2016: never dropped below $300
2017: never dropped below $900
2018: never dropped below $5500
and the optimism and investor confidence is that 2016-2018 is bull
there is optomism and confidence that 2019 will be at a SUSTAINED average that still does not go below $5500 and will infact be higher. so although you cant predict by how much or how soon.. investors have confidence that 2018-2019 will be bullish too..

as for the temporary daily emotional/speculative rises and falls above $5500. well thats just drama and not a sign of the long term vison/confidnce

for the past few days I am also very happy with the rising bitcoin prices, and I think bitcoin prices will only experience a short rise and will soon return to low prices again.

it was not a bull run! it was just a small rise.

although it showed some things about the market partly good and partly bad.
the good part is that it showed once again that we hit the bottom at $6k and it was a strong buy support there. it also showed how much interest is in buying bitcoin and the money that is waiting on the sidelines to jump back in.
the bad part is that it showed there is still doubt and showed the fact that people are still in panic mode, even the buys were a panic-buy when they saw the rise instead of being a slower rise to $7400+

I do not see bitcoin growth, this is same like a few months ago, bitcoin rise from 6K to 7K, but only lasted 6 days. and drop again.

I think, the price you see today is also temporary.
So, keep analyzing the market, and do not be happy quickly before bitcoin reaches 10K more.

A recovery proves that free fall is not going to happen. A recovery proves that this is not a bubble since a bubble never recovers. Maybe next year will also be a bubble if you believe the central banking crowd. Since we don't consider their opinion. Bitcoin is going to be strong.

Rising bitcoin prices to $ 7400 raises many questions among investors, whether this is the beginning of a bull market or a temporary increase. that's all investment is not as easy as you think. many factors that can determine your income. including your feeling and luck.
Which I do is still waiting for the development of the market, because if my calculations are correct, Bitcoin will rise again in the near future.

It's a good indication for the crypto world. When bulls start off slowly,it will remain for a long time as the volatility is as such high. In the coming days btc will touch its previous high milestone in no time and also try to set new highs so that volatility is the same in bulls and bears zone. I am waiting more eagerly for that bulls crash as my portfolio also would fetch somw good returns.

This is not a price recovery.Past performances are not important for any market price.
It looks like a "dead cat bounce" to me.The price won`t survive for long above 7K USD.We will be witnessing a price drop to around 5K or 4500 USD somewhere around 15th of August.

Why has the talk of the recent rise escalated? Because the price was stable within the limits of $ 6000 per liter is not short. "It's like a drowning man will clutch at a straw."
The stability that has taken place, albeit weak, is coherent, which means that we will see levels of $ 7,000 as of August 10, rising to $ 8000 or reversing to $ 6,000 again.
Overall, the recent rally does not represent anything in the long term, but some hopes are booming with mad rises

there is no drop left in bitcoin, we have already had more than 70% drop and the chances of going any lower than that is extremely low and would require something seriously horrible to happen to bitcoin for it to go anywhere below $6k which was the strong buy support.

as for the recent "recovery" this IS the rise that will take us to new highs but don't expect them to happen in a short period of time like a couple of months. we will have the big rise but like the rise from $1000 to $20000 the journey will be filled with smaller rises and corrections and rarely bigger jumps like near the end.

Unlike the time period bull run is always good to the entire users, right now the bullish trend after a long gap gives a positive thought about the market. This trend needs to continue making the market grow and reach the predicted price for the ongoing year. More new investors were expected to get into the community.

I think the price correction just ended. We are now waiting for the big boys to penetrate the crypto industry. I hope that the big investors will start investing after the ghost month. History always repeats itself. Bitcoin and altcoins might reach all time high again this December.

for long term holders it actually means nothing, but good thing is, Bitcoin crossed $7K mark.

but at least bullish today's could give little profit to traders and investors, even this is a big hope that bitcoin still alive and able to retain its value.

it does not matter if bitcoin does not reach 20K this year. but I hope in the next year bitcoin will reach 50K.

I saw that the price is increasing for couple of days. I think it is this is going to be a bull and the price will rise really high this time. I hope people are investing more this to get benifitted in future.

you don't just buy bitcoin once in your life and be done with it! majority of people invest a part of their income in bitcoin. for example you earn $500 per month and invest $50 of it in bitcoin. in  which case rises like this means a lot be cause now you can buy 10% less bitcoin than you could buy before.

Since days have past, it looks like the bull run that we've expecting this occur, but the good thing is that is currently holding and perhaps just consolidating for a run at $8K mark. So we can't even say that its short lived as well. So for me, this is a good indication (price strong hold above $7K), that we might see another price run at $8K and then let's see how it goes. We can't really judge it today because the price is very unpredictable and only time can tell.

IMHO, the last few days BTC price went up abit is just an indication of impending (real) bull run all the way till end of the year.

We should see a bigger increase in BTC price towards the beginning of August, because of upcoming 1st Aug SEC announcement.

 i know we are all happy about that sudden rise and unfortunately we become  frustrated on it again due to some results , but in my opinion we should not give up on this kind of situation and must keep it up because honestly this is always happened and we all knows after, it always stabilize and climbing again to the previous ATH. So no need to worry if it will plunges again keep holding and keep believing as well we will become successful on this new journey of bitcoin.  

It can be a possible bull trap. There is no clear proof of an organic growth. This all growth is bot manipulated and I doubt that it can sustain before another dump. But this definitely has created a positivity in the community after such a prolonged bear phase. I definitely expect a proper price growth in coming months but this price appreciation isn't any signal at all.

Recently world cup was ended so again many gamblers are invested in Bitcoin and altcoin. This is the good news for all the holders but some peoples are panic because again they are all left in this investment it will move to downward. So this is right time to invest on Bitcoin because this bull run will continue in future but some fluctuation also possible so trusted investors are earn profit.

That's by far not a bull run dude. It's only jumped a few hundred bucks. Though it gave a positive sign for a market recovery, this is the kind of run that we have to be extra careful since it may very well be a besr trap. It's good definitely to have this kind of movement after a long time but we can't get carried away

Yes the market has already recovered much and is continuously growing. I think the price will reach a new peak by the end of this year. Now, if is tough to predict if this peak price be short lived or not. But I am hopeful that the high price will sustain for long.

Depend on how much do you play.
If you're bitcoin early adopter, it means that you've more than 1 btc, of course you can feel significant amount ( 10% )
Personally I'm still act as investor where I try to keep hold it as long as possible !

This is not actually a bull run, just price started to increase slightly. So we can make this opportunity to buy more bitcoins and hold it for future. This pump is good only, hope it will continue. But at the same time fluctuations are also happens. Real bull run may starts after august, till that the pump occurs very slowly.  We cannot predict the market so if you have already bitcoin just hold the bitcoin for long time then only the profit will be more.

A new bullrun?It has not happened yet, so better to spread other stuff in here, it is more than obvious that this was not a bullrun, it was just a little increase from $6200 to more than $7500, but it wasn't a bullrun, do you know what bullrun means?

This correction actually make sense and give bump in the price chart. Even I love the price bumped recently down this makes the whole grow well in the market. We love to invest so we need to have our investment at good coins.
Kindly check the marketplace value of the coin which you like with previous price analysis if you see all set good means invest there.

yep this was not a bullrun, i think that it was a bulltrap and we all have been fucked in there, but just be patient and that bullrun will finally come, but it might take some more months from now, but it all is going to come here

Actually this market is suffering from price but it’s a good news that the price of coins increased based on this Bull Run in BTC actually Bull run is a good sign for market because this market need such this types of initiatives based on this it will be start after 8k.

Technically speaking it looks like a bull flag formed on the daily chart, we have good volume today, if we are able to break the resistance around 7800$ bulls are going to be in amazing shape for the next few weeks, if not price could consolidate downwards which in my opinion isn't that bad considering how overextended the RSI is.

Either way I think the bulls are definitely stronger than the bears right now and anything higher than 7k would still look good for the bulls. Time will tell, bull/bear break will happen within 2 days or so.

so in general it seems positive overall but most people are still skeptical it looks promising at this point,  thanks for the input and multiple corrections i get it its not a bull run yet so it might turn into a bull run ,  what markers can be used to determine the probability of a bull run ? im not an expert im here to learn and adjust

The world of cryptocurrency has always been so unpredictable, no one can be fully sure of anything. I'm glad that Bitcoin is making recovery , it could make a new high or it could go down again, anything can happen. Nevertheless, I think it's the start of the run, it will rise even higher in the next few days.

The bull run the market is facing isn't bad or ugly either. The market is hitting an upward slope, but at a very slow pace. It's not at a favorable state, but it's not bad either. When the price hits $8k then it will be a good thing.

I do not think that either of the two options that you are giving is going to materialize, what we are going to see is a moderate growth and nothing more, this is not a sign of a new bull market but this is not a sign either that the price is going to reach a new bottom, the price was simply too low and now we are seeing a correction of that price, I predict we will reach a price close to 8k or 9k and then the price will stabilize.

This is good but this is not enough in which this is not what we are looking for because the increase movement is so slow compared to the last year performance. If Bitcoin price will reach $10,000 then that will be the time that i could say finally that the bull run is really happening but for now i just considered this as normal market movement in which it might fall anytime.

I think anytime bitcoin prices goes up, it is good. However we need to see it stay up there for a while without falling back down before we get happy and jolly. If the price stays up for a while and the new money coming in keeps it floating while people join altcoins once again than we can see a huge bull rush. The important part here is two fold, people getting into bitcoin once again keeping the price high but at the same time investing in altcoins as well.

Bitcoin's on the uprise and recovering quickly with higher demand than what is was a year back. This is definitely good sign and good news for investors.

The move from $6300 to $6700 was slow. But since it broke $7000, it's been rocketing. It's now at $8100 and I think it has further to go (there are still a lot of shorts still open and they're going to have to buy and close soon if they don't want their losses to increase, and the closing of the shorts will rocket bitcoin up further).

I am hopeful that this bull run will take us to the highs that we're all asking. This is good for all the bitcoin holders and someone who says that this is ugly holding alts.
And that is causing their portfolio damaged.

A good disseminator of information about bitcoin has arrived, and we can see it in several media. I guess this is the impact of that information, especially on ETF information that gives a big rise from $ 7400- $ 8100, most likely this trend will continue and we can see $ 9000 by the end of the month.

This bull run has more potential than any previous bull runs that have occurred, just look at the pace of recovery, this will reach a new high by the end of this year surely.

It'll be good while it's going up.

It'll be bad/ugly when the price starts going down again. The higher it goes up before going down, the more it will be ugly. In 2019, will we have people on here who bought at $40,000, complaining because they've lost 90% of their investment?

I think this is a very good sign for bitcoins as the price has risen a lot. Now it is more then $7k. I hope the price will rise more in near future. So, the bitcoin bull ran is very good in my opinion.

I think recent bitcoin bullrun isvery good. Not only bitcoin but also other altcoin's price is also increasing. I think soon bitcoin will hit the 10k mark. which is a very positive sign.

I think that this run is only for a short period of time and the bitcoin price is gonna fall pretty sooner. I am more confident in this theory because the Altcoin market is also at the same level as before this pump so the market is soon gonna correct itself and the bitcoin price will fall and after that the bitcoin price will rise along with the Altcoin market but that too seems impossible now as the bearish market is gonna end soon.

This bull-run just returned life to the market. Those who keep their patience are the gainers. This was a nice rise for the time being.

What we are seeing happening now is a build up to what is going to happen in August and the bull run will  become noticeable then.  We are the very significant time and the current bullish disposition is a sign that ETF maybe approve.  However,  we still need to be careful and let it not be a trap!

Wasn’t it great? This time Bitcoin price has gone beyond seven thousand USD. But again this is an unstable market.

Last couple of days Bitcoin has recovered. Its price has become reasonable than before. This is good sign for the market now.

This bull-run was great. But I wouldn’t say that a big deal. The rise of price was good enough. Those who panicked and sold just missed a good opportunity.

It has recovered in last few days. It was great. We hope the price will rise further. Now you see why holding it was a good idea.

The trend is kind of similar what I have seen in my previous experience before so it is I think too early to comment anything but I hope it keeps going up.

I think the sign is pretty good. Even researchers are also saying that this year bitcoin is going to hit a massive jackpot. So everything looks just fine. But this is crypto world you know. Anything can happen anytime. Let’s hope for the best.

Bitcoin is going to have a bullrun I hope. The symptoms looks like that. I hope it will cross a new milestone. So I think if anyone have bitcoin they should hold it for a good amount of profits.

Everyone is waiting for a bitcoin bull run. I guess it will be massive this year. But cryptocurrency world is quite confusing that the picture can be changed anytime. So no one can give assurance. But as far as researches says that the bull run will be pretty good.

So it was a bull flag and we destroyed the 7800$ resistance, the RSI now is even more overextended but the bull volume is amazing, increasing bull volume all day. Bulls look extremely strong right now but I still think we need to consolidate. The RSI needs to cool off a little bit. Everything above 7200$ is a higher low so we have plenty of room for consolidation.

It is not clear what it is going to happen my intuition is telling me we are going to see an important recovery in the next months, unfortunately for me I simply do not have the money to take advantage of the situation in the market so I am just going to watch and keep holding my coins as I have always done, the timing is terrible for me but I cannot change my circumstances and the lack of spare money that I need to invest.

Dude whats ugly with crypto? Pumps and dumps are their nature and both are really for goods. When the values are low, its really a good time to buy and gather as much as one can. like wise when the values are high, yes its a good time to sell and get the turn over. Make use of the opportunity when it comes in. Last 7 months have been so good for buying and yes the current situation is to earn profits if you are holding now. Study the market and move with it.

It's definitely good of course at it gives public confidence. Dont forget to secure your profits however.

In my opinion it just the recovery of BTC price. And it will be the first signal of bull run. I think when the price will rise 30% or even more then bull run happen.

Of course, recovery is always good wether it's just a showy or not but I don't think this run will take us to a new high. Having a new ATH in just a year seems impossible although it's different from the past. I still believe it will take few years again to have a new ATH.

Well, one thing for sure is that we are still in a bear trend since we have still formed a lower high and a lower low already on the longer time frame and the possibility of still seeing a pull back at some huge resistance is going to somewhat end up playing out. Now, it is either we form a lower low at $8500 or a double top at $10k region. The only time this can change a little bit is when we get to see bitcoin hit past that above with a very good volume and that should likely be when we can simply state the obvious to the upper side, but for now, nothing is certain.

Well hope is the thing with feathers and as long as you are hopeful in the world of crypto, you will be passionate about your investment. I agree the price is on the rise in the market and this started since the start of July. So far a rise of more than $1200 is recorded.

This might get accelerated soon because we are approaching December and some experts are of the view that Bitcoin will cross the $20000 target in December so the growth in the coin might quickens.

Unfortunately for many this is not a bull run, right now almost all the market is down and it does not seem like it is going to recover soon, but that is irrelevant we need to be prepared to hold our coins for years, that is the only way we are going to get profits or in the case of all of those that invested when the price was very high this is the only way to get their money back.

Yeah I've seen that there's big drop since few days ago and all of our expectation didn't met. I've been always prepared with any consequences and outcome from the market so I don't really think that we'll stay on this line for a very long time or if it will, I can calmly watch the market and do something else to remove that intense emotion.

It is in a way, all the markets are a kind of a staring contest in which the first one to blink losses, the market is going to move in a very aggressive way and if you sell that is the equivalent of blinking and you lose, but if you are able to maintain yourself calmed no matter what then you will keep your coins and you will be able to take advantage of a future bull market and get profits that way.

I think that it was just the beginning, but it does not last for a long time.  but still people are expecting that another bull run is going to start and this time bitcoin price will reach to 15000 in a single rally.  I think that we should prepare ourselves for that bull run because it will be the best opportunity to make some money or at least to recover our previous lost. 

I don't even know why some people actually thought it was a bull run. It was a simple recovery that warranted a correction which is what's happening right now. Wait until the real bull run happens since that would likely propel us above 10k

I agree - it was no bullrun at all. You’ll probably have the usual weak hands selling right now.

Imo, every rise is good for me wether it's just a trap or followed by fall. A rise is still a rise no matter what. Aside from haters who else doesn't want a rise or who else see a rise is bad or ugly? of course no one. All rise is good even it's just a short or big rise.

Its hilarious how people were sayin "I wish I bought bitcoin when it was cheaper"  Well now they have the chance considering the major discount from the all time high price, but most investors are scared.  The key with investing is putting your money in when others are scared to.

I was also fooled by that situation, I think the price of bitcoin will continue to rise at least to reach $ 9,000 but the price of bitcoin only reaches $ 8500 and after that the price of bitcoin drops again.