Bitcoin Forum

Bitcoin hits its five-month high as surged up to the $5,500 benchmark.

Full article here: https://www.unblock.news/market/bitcoin-hits-a-golden-cross

The trend is that price will rise with the announcement of halving, but not just for him but a general recovery of the market.

Yeah but i expect series of market corrections. Although this is a major indicator that we are indeed in a bull market. Hopefully it will continue.

I think the price of bitcoin will steadily increase, and there are 2 months that likely to make bitcoin price increase.
1. At the end of the year 2019 which is December
2. At May 2020 which the month of the bitcoin halving happened

Bitcoin is turning towards positive mark the main reason is Baktt launch is coming near so again we see positive sentiment in market which lead to bull run

So many speculations on the reason behind bitcoin price rise and am prompted to ask is the much announced bitcoin halving also taking place in the other altcoin if no, then what is responsible for their own rise such as ethereuem BNB and the rest. I think the cryptocurrency market generally is on recovery and correction period and so many factors are responsible for that.

I don't know why is there so much excitement about the price. Yes, we can see some positive trends but we are still far from bull run and also don't forget that price can change very quickly. I'm not convinced that this is actually true recovery of the market so sone corrections could be expected soon.

I think that the golden cross is not a guide to action, but just one of the signals of technical analysis, which does not always work. I would treat this signal quite carefully. Personally, I still fear falling prices in the region of 2000-2500 dollars for Bitcoin. Although of course, it may be that we will not see such a dramatic drop, but nevertheless I’m still wary of the market and if the drop happens, I will buy more bitcoins and altcoins.

I agree. The price just dove under the $5k mark and rose back up to $5.2k mark a bit earlier thanks to the Tether and Bitfenix suit which shows how volatile this market truly is.

People need to control their emotions if they wish to trade in such a volatile market.

The price is currently down now and could take off any moment, but friend, you always direct us to your blog, as your username carries your blog link. Why don't you always give a clear details without always referring us to your blog. Am not against your website, maybe it can be limited. Thanks.

I am not putting too much expectation on  the market and price speculation. The market recovery from the last bloody market is already a big step for crypto. Let's just all be patient, I am sure the next halving will give a positive effect to the whole market. Accumulate as much as you can while everything is cheap.

Yes, the golden cross is a very propitious sign, as bitcoin has had bull markets following each golden cross. However, after previous golden crosses there has been turmoil shortly after, so what bitcoin does in the near term is up for grabs. From a macro perspective, it confirms we have entered a bull market.

People who know the graphics and indicators have been watching the golden cross for some time. And when that last worked exactly, Bitcoin walked to 20K.

But before he reached his highs, he corrected more than 50%. So you have to be careful with this case. This market is young and very many risks in it.

Hopefully will have a retrace and I can put my money into bitcoin and make it rally.

Already had one earlier this day after something happened in some of the exchanges which triggered a massive selling spree. We are also due for a correction after enjoying a couple of weeks gains, and perhaps that is what happened too, earlier.

I have always doubted TA signals such as this golden cross, and guess my doubts weren't left unanswered as it proves that no matter how positive the sign is, the market could still go either way. Good thing thought that the selling spree halted immediately after bringing us to $5100.

Gladly to seen this news for bitcoin "well" hold just keep the faith hope this positive movement of bitcoin in the market will give good sign for the next bull run and hope start to full uprise in month of july upto august but nobody can know the exact predictoin when ath comes.(patience)🙂🙂🙂

Yes he "corrected more than 50%", the market is still very much young and investors should be aware of the risk involved, when market recovery is on. Recent fluctuations from the market has made me realized that, care should be forward to avoid mislead that will end in lose.

Maybe the scenario kepts happening again this year as it was likely to develop more new uplifting price gains. We might observe price to decline a little bit, and then suddenly spike to some surges which triggers bullish price. Although it seems we still experience the bearish trend, but I'm still confident that this was just a minor price fluctuation glitches. It won't go under $5k and just have stabilized price on that range.

Always remember manipulation is in the market we will see first a correction before we go to the high price, Yes we already hit a Golden Cross after so many years but market is unpredictable and risky for everyone people want to see again the all time high but the current price are far away from expectation price its better to always check the chart and market price.

It isn't all just pegged to the kind of optimism that you expect around crypto when everything looks just so recovering, because as it hit that 5-months high, the Tether issue showed up which created an environment of FUD and made BTC to drop almost 6% in just a few minutes. The thing is, BTC still looks to be in a very critical condition and until it doesn't cross $6300, it's not good enough to expect to long over this beast because a breakout under $5k will definitely throw it towards $4800 - 4500 areas. There's one more news coming from India too that they're probably going to ban usage of cryptocurrencies here completely (which I think that 99.9% is a lie) and this also created too much stress in the markets because India is a very big economy and has got many more countries following it, so I believe that an outright ban here could result in having those following countries getting involved in either banning or reframing their regulations towards crypto.

As we are expecting to have another  ATH this year but it takes a while to make it.  We are in 5 months continuous rising but it is not enough to have a big jump as 2017 did.  I don't see any market manipulations or even hypes around causing these flows, it is purely a market demand bringing up into having an uptrend motion.

On the other hand, there does seem to be at least some bullish news coming out that's obviously overshadowed by the entire Tether debacle right now, including TD Ameritrade now offering clients the ability to trade Bitcoin futures and ETrade soon allowing its users to trade Bitcoin and Ethereum in the near future (a tweet here for more info (https://twitter.com/nathanielpopper/status/1121868559330598912)). Things could be much worse than they are now though, and prices still haven't fallen below $5000 USD for the time being. We've seemingly found some support near the $5000s but more bad news on the side of Tether and other things could definitely start another leg down.

Precisely this correction we have already passed will not be resumed.  We will go direct with a fast growth, but with few corrections and organic

Ahh, so this is called the golden cross, now I know. A 50-day equalizing a 200-day moving average? That was so impressive because it means that btc growth is now 4x faster :o.

Actually, I haven't take a look in the market these past few days and now it surprised me a lot knowing that btc's price is now stable (at least for now) in the $5.5K mark. That was good for us because not only of the uptrend itself but also because it brings hope for every crypto investors and aspiring ones. I can feel the positivity in the air, I hope this continues, I'm not yet concluding that it is a bull run but I'm now more looking forward into it :).

  The market was driven by high volatility which is totally change on its own. Somehow, bull trend has started to break the barrier after suffering the long months of bearishness and the current phase has shown a good sign to witness a gradual pump of market. Hopefully it will arise and exceed the desirable peak.

In a little way, the rise created impact and attract investors making it move little by little, and with that spectators are now coming and trying
to sort the trade and place buy entry position, is good to see that the movement right now still positive even we are experiencing some reversal
or corrections if that is might be, but the stand ground still good for this current positioning.

I am not understand!  Is halving a man?  Bitcoin has not even started to react to halving yet because there is no need for that and the current recovering the cryptocurrencies market is experiencing right now.  I think we are going to see more bullish trend as positive events are happening.

In 2015 it hit it 3 times from July to October. So where are we right now on your opinion?

This is extremely bullish, especially the ETrade part. I'm expecting a lot of investors that have tons of capital sitting on this platform to finally start trying their hands on crypto trading. So this is what some people like Tom Lee expected to see this year, financial instituions jumping into the crypto bandwagon allowing a massive influx of new capital into the market...Second half of the year can't look more bullish than this  ;)

Golden cross and death cross are the major factor in determining the market sentiment for the next few months and Golden cross is definitely a good  sign for bitcoin.




Bitcoin movement depends upon both technical and fundamental analysis. Bitcoin price will surge when we have both strong fundamentals and technical analysis.

Probably this could be a waiting game we should all play. I'm excited about the positive trend of the price yet I do think also that there is no significant proof that we'll expecting bull run in the near future. But we can't really blame the OP, speculating the price is a freedom for all of us :D.

But it drops again to $5,200 .hope we will have more golden cross this year and if does will hit $10,000 by the end year
Obviously we’re in the first cross and waiting for another one,and another for the whole year
Correction?lol we have already done correcting in 2018 mid.today we are waiting for the pump and nothing more since we already reached the bottom

correction is not something that ends or happens once! it always happens each time there is a rise without exception because "traders" have to sell to take their profit out otherwise they are not traders, they are investors. and as they sell the price comes down "a little" coming down to a higher level compared to the start hence it is called correction.
what we had in second half of 2018 was not a correction anymore, it was a dump or manipulation for the most part specially any price below $6k was 100% the result of manipulation.

I completely agree with the above. Corrections appear because traders are taking profits and when the previous bear market was ending with a golden cross it was also followed by a similar event. The price even temporarily hit a death cross but came back up after a couple days. Now we've experienced an immediate pullback after the golden cross, just like the last time.
I was also sure that the price will remain at 6000 simply because there was no fundamentals pointing towards a larger drop and the bearish sentiment was very weak in August of 2018, but with BTC it only takes a group of rich people to get together and create a temporary sell wall to trigger a cascade of bots and panic sellers.

I think is good that bitcoin already start to grow, and i think we will have a higher price for bitcoin once time passes, and also i think that a bull run is possible if not this year next year.

At least it’s alive. We’ve seen some drastic changes in its price and though the news are cheerful I still feel somewhat concern about such dynamics.

It seems to me that during the next few weeks nothing extraordinary will happen to Bitcoin, most likely during the month of May Bitcoin will still vary in the range from 5100 to 5600. The breakthrough will occur either in late May or early June. So far, you can try to earn on the fact that Bitcoin has small fluctuations.

After the price fall reaching around $5200 now there is good forward move with the price. The Golden cross is getting closer and soon we can see it getting crossed. This is the one that's been expected much by the users at present, following the event can expect a price crash before bull run which can be used for investment.

This correction should come soon, would be a good entry and perhaps a last chance to buy cheap to expect large values such as 7k or 10k

If we are talking about a golden cross I don't think we can expect a correction anytime soon at least if it failed to cross that is when we can expect to see some price drop soon, if Bitcoin as of right now is still trying to push upwards even though it had some dips back to the 5,000$ level it still shows that generally the movement of Bitcoin is trying to go up and break a resistance. Just by looking at its MACD on its daily chart you will see that Bitcoin is still bound to create a bullish cross which I think we all know what it does for Bitcoin's price movement.

There are no last chances to buy. If it was really the 'last' time to buy at x level, it means the trend turned bullish and you can comfortably buy in higher and surf the market up. You want to be long in an uptrend and short in a downtrend. This applies to every single market. I am still short right now, but the moment I notice that the trend shifted up I'll take the loss and immediately long the market.

The same applies to the bear market last year. People thought they were too late with selling with prices hovering around $6000 but they couldn't be further from the truth. I was sucked into that crash too, but it's a valuable experience that I gained from it. Don't go against the trend.

Perhaps,  we also think that price will not continuously to go straight directly into high and we do expect that price drop will occur sometimes along the way. It possible to reach that price before the end of this year but of course  we must have to be in patient.

I used to have problems with FOMOing into trades and losing money in minutes due to the price action moving against my trade, but if you ever have similar problems, just know there will always be a better entry if you just wait. Forcing a trade to happen never goes well, and more likely than not you're going to lose money if you try to force a trade to happen. Wait for a setup to come and use it to your advantage; NEVER let your temporary emotions take priority over other more important things, and don't rely on only one indicator like the golden cross with analysis.

The advice I've seen a few times is to setup a trade with targets, stop loss before hand.   Orders that are filled or not based on the market not your feeling at that moment.    If price comes into a good area it might turn around often sentiment and movement in price indicates it will go further down.     However a longer term time frame with over ride the price action on just 5 minute bars, that repeatable phenomena in the market is tradable so long as you are correct on the long term.

I was amazed on that 200 week moving average as that is so long term, I did not think anything like that was in play or notable in reaction.   200 day is definitely followed by many,   its still gradually turning round - July 19th is the 200th day of the year and perhaps most relevant to framing this action is  YTD chart.    When we get that far most of the action will be positive and I think the 200 day average and 40 week turns upward


I dont really call it a correction unless its more then buy the dip.   Usually takes some belief that its doomed despite being essentially a short term move, a china ban or whatever

We’re certainly moving upwards now. I saw the chart detailing what’s happened previously when we’ve had Golden Crosses. If it happens again & repeats that pattern we’re in for a fun ride.

Great news. In fact, I'm damn glad that I did not succumb to numerous provocations by people who predicted that Bitcoin might start falling to 4000 or even lower. HODL -  is the best strategy for bitcoiners at the moment. All my coins are with me and I'm just happy.

It is becoming clearer that we are gradually entering a bullish market, there is usually exhaustion of sell orders after a Golden cross. Trade volume are also looking very nice and we are getting ready to test the 6000$ mark (Hopefully there wont be a pull back this time)