Bitcoin Forum

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it was not rejected at $10500!
there was already a bull market going on from mid December from around $6500 and it was rising with healthy corrections all the way towards previous ATH ($20k). $10.5 was also another target that was reached followed by another healthy correction just like the previous ones (@$7.6k, $8.4k, $9.2k and finally $10.5k).

it is not possible to predict when the bull market is going to be resumed and price to go back to what it was doing 6 months ago. there is still a lot of uncertainty and panic in bitcoin market that is preventing that, it could go away in a couple of days from now or it could last much longer.

We can't predict this because market aren't accurate. The price defend on the market volatility as of now market volatility is slightly low base on my T.A i use Average True Range (ATR) which is the volatility indicator

Unlikely,

If you have bitcoin you might like to believe it will go up, in the same way a church goer believes he will go to heaven.

The reality is, neither will happen.

At this point, it´s a guessing game. Imho, TA doesn´t work well with cryptos because of the lack of decade long data and being prone to outside interference. The fact that big players like Fidelity, Vanguard or JP Morgan are getting in, is a good sign though. Grayscales current BTC buying insanity is also remarkable and should be taken in consideration, do they "just" expect something or do they have some deeper insight for that kind of big time shopping spree? They have been buying over 70 percent of all Bitcoins produced each week, with last week’s stash alone exceeding 19,000 BTC! Maybe whales dump their coins to Grayscale, maybe it´s starting it´s own movement into a bullish rally.

During the month of June we experienced how many times it did reaches $10k? Some says its already bull run compared to TA price and charts. So we cant really tell if July could bring some rain over the market. Uptrend or not, holders or long term investors could not care much for this rallying.

It does work fine for me but not accurately like 80 to 100%. Some old data have been mirror on current charts but obviously we cant always rely on these aspect.

But fundamentals really sucking in the price movement as whales are beginning to drag it down.

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Smelling some bullish actually even CME bitcoin got expired, the market is still on good shape

If we'd know for sure we'd buy all the Bitcoin we could, hence making the price rise already. But we don't.
It's easy to predict. Some are better or worse at that. Some remember all the predictions, some not.

There's one somewhat related quote I love about predictions:


In theory, Bitcoin should be valuated higher than the current 9k levels. In theory, Bitcoin should rise and never stop. But reality is .. different than the theory.

We will see where bitcoin will move in July, and we have a few days later to see that will come. Meanwhile, if you ask about that, I think we already have a bull market before, and we are still in the bull market, although the price now touches $9k. And now, the price still struggles to increase to the high price, but it seems, it will need more time to grow. Since a few days ago, the price is around $8,800-$9,200, and now, the price is $9,100, but the price can increase anytime.

But if bitcoin price can have a bull run in July, and the price can come back to $10k or even higher, that will be good news for, and we can expect to see another new high rate after the price touch $10,500. Perhaps, we need to use another indicator to find out what will happen with the bitcoin price so that we can be ready for anything.

Although I am positive with current bitcoin movements but I don't think something like bull run will happen in July. Its seems from long times bitcoin playing around $8.5K to $10K zone. So even it goes to $11K I will not say its bull run. My personal belief is bitcoin still not ready for bull run. Its because world crisis due to covid-19 epidemic. We don't know when really it will end exactly. World's financial condition isn't soo good, so during that times we can't expect big investors into bitcoin which would led a bull run. But I am expecting perhaps we will see a bull run after end of epidemic.

Since the price of Bitcoin is very volatile, we cannot say that Bitcoin will be having a bullrun on incoming july easily. We can say that it may happen if the pattern of it's price has been read by us but the price movement is still unreadable and we cannot easily predict the future of it. Even if the supply and demand is the factor that can affect the price of Bitcoin, we cannot easily calculate it to know that incoming price of Bitcoin. Even if the professionals try to calculate it, they cannot get the accurate price of Bitcoin in the future because the movement still depends on the users.
Source: https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp

Haven't all these so-called experts learned the basics yet? They are so preoccupied with halving and are constantly announcing a new bull run as if it is already predetermined in the BTC code itself. But is it realistic to expect a bull run in conditions where the whole world is currently fighting the virus, and where some sectors of the economy are completely devastated?

Unemployment, inflation, reduced production and consumption, living in uncertainty and fear are by no means a good environment for investors. The title and article itself are a third-rate story for those who have no idea what BTC is at all. Maybe the bull run will happen in July, but it is much more likely to happen in July 2021.

The only people that Bitcoin's March crash would have been surprising for are those who insist that Bitcoin will magically be bought at 10x the price it currently is when people are living in crashing economies with devaluing fiat and joblessness. I get that long term, Bitcoin will be in demand more as others turn away from poorer alternatives. I don't get how short term, when people are more in need of money than ever before, they'll stop buying bread and buy Bitcoin instead.

It might have been positioned for a bull run but the pandemic occur, and drag everything down, and that's according to everyone who is looking forward to maximize the opportunity of the Bitcoin halving, not just the Woo.




Well, as you can see, we're not done with the health and economic crisis yet. So, what else would you expect? We might say, Bitcoin won't be affected by the events happening in the real world, but It is the people/investors who has been affected and so does their investment.

Those so-called experts are just plane journalists who "fight" for one additional click on their story. I am tired of headlines popping out on Facebook about how Bitcoin's next bull run will start in XY days and then, after few hours they publish another article saying why Bitcoin's price could dump in the next XY days.

We don't know if the bitcoin will be able to start on being a bull market on the start of the month of July because as of now that the month of June is ending we don't see any chances that the bitcoin has a big movement when it comes to the value of it. Still the bitcoin is very stable as well as the other cryptocurrency.

 ;D we should learn from the past, haven't seen them predicting bitcoin bullrun and it happened, so, don't expect a bullrun soon. The next months could be good months for Bitcoin but for anyone seeing a bullrun isn't feasible yet. The covid-19 is still slowing the world economy down and somebody is predicting a bullrun come July, 2020. Let understand that, the negative impacts of this covid-19 has been felt on countries and individuals.

I would not really count on that mate. The cryptocurrency trading market is inaccurate, unpredictable and has high volatility. Not even the technical analysts could guarantee that their predictions are going to happen.

In the world of Bitcoin and cryptocurrency, nothing is guaranteed anymore. We have to invest and trade at our own risks, and of course we must learn how to manage our emotions in case the market bleeds.

Bitcoin is treading water right now between $9,000 to $9,500, and now stands around $9,100+. Unless if PlusToken scammers are gonna intervene again by dumping their BTCs, the bull market may be too far from happening. 

Covid still hit us bad and many people got financially disturbed by this pandemic so I don't think we can see a bull market this july since we still facing a bad economic state so if this still occur for sure people will not going on any investment since for sure they will secure first their needs before anything else as well many people are not earning so it creates a bad reaction to bitcoins since it block the situation for bitcoin to create demand.

Everytime we go in a bearish trend, there's an expected bull run. But giving timeframes like this coming July, there's no basis on that. We're used to these experts saying that here and there, there's a possible bull run, well basically it's true.

But the point is everyone can say that there's an upcoming bull run regardless of the situation. We can't rely to their words and play on our own if you're looking for the bull run, then wait patiently..

"Those who go up, go down. Those who go down, go up". It's something like that for me.
There are a lot of possibilities that we can see a bull market in July like we can see a huge pump or green candle.

For me, on every people their "bull market" is different from their opinion, some say, once we see $10,000 we already in the bull market, some say once we create a new all-time-high that's the start of bull market.
So, for me, it's difficult to identify a bull market.

No one knows when will bull market begin. Tech analysis is not working here, sorry. If there will be series of big pumps then we will see bull run. Maybe

If it happens for real then I'll be happy for that. But what I'm pointing is that these 'experts' giving timeframes which could possibly go wrong as some people are believing them as if they are prophesying the price to be like that for real. There's a possibility that it will happen but the point is that most of these experts are saying about the model that they're working on.

It hasn't been validated unless we see that it goes accurately or not by next month.

Technical Analysis is just crunching previous data and used it to predict the future movement. So you are correct that it might go wrong because this just a prediction but there's a high chance that it will occur since the prediction is based on statistics and not from a random guessing.

But it will be absurd if anyone predicted when will the BTC gonna enter bull Market without any basis. I mean you can predict if BTC is near to break out but its impossible to pin point the time it will occur. So you have some fair point so I agree to you that no one can predict that it will happened next month or not.

I dont know where you see a recover. there are more and more daily infected. Pandemic is getting more global. This fact combined that usually traders take vacations in July and August I believe we will have little positivism on Bitcoin markets. The only news that can break my prediction is that there would be vaccine made and able to produce in  vast quantities in few weeks time.

Haven't this amount also predicted this month of June?yet nothing happens.

sorry but i think all we have now is speculate and thats all.

Actually almost below 5k but now at least recovered ,Just today the price fell Below 9k yet recovered again.
I am thinking that we will be having a Big dip first before Hitting that stable 10,000 price.

in many ways it has to. we have seen downtime for long enough and not just that we saw a very big dump recently (from $11kish down to $3k) which would have been the excellent time for all the bears to have their fun in the market. now it is time for the bulls to come back.

additionally this downtime was mainly because of the world wide economy which has been going back to normal. for instance in China their markets are already giving profit for a week now. other places things are going back to normal too.

i'd say this is a very long overdue bull run.

Reportedly from someone, July-August is bearish, but we don't know in Q3 whether the Bearish will be strong or weak, Bitcoin must breakout first at $ 10k and the Bullish starts

All we have is a few years of data to predict the outcome and we are undergoing a situation where we never anticipated economically in the past 12 years and bitcoin was implemented after the last recession, so when we predict all the outcomes taking into account of the past situation you have to consider a scenario when there is economic recession as well and that is the major difference we are facing right now, i am not completely convinced that we might see a full blown rally like we used to see in the past if there is a recession.

Couldn't agree more, the market has experience such a long period of bear market, and lots of people were hoping for halving will bring the bulls back to the market but unfortunately the pandemic dash that hope, however, now that the economy is gradually regaining activities back it is highly likely there will be a turn around of price anytime soon, am really hoping for that.

There are annoucements for almost every month that is going to be a bull run month. That reminds me how gamblers always think that exactly the next gamble will be the winning one.
Expectations are high and many Bitcoin users are disappointed that because halving didn't bring expected price jump but they don't stop hoping.
I don't expect any major changes in price in the next month, can't see such indicators and to my opinion price will continue to fluctuate in the current range between 8500$ and 9500$.

based on what usually happens at the beginning of the month, prices usually go up high. usually, the price will pump close to the price of $ 10k or even up to that price. For July, I want to believe that high pump prices will start that month. Well, this is still uncertain, but the hope for a new month is still great.

What's so surprising about the March Bitcoin price crash?The global economy was hit by the lockdowns and the shock that followed the coronavirus pandemic.It was pretty normal for the Bitcoin price to crash.
Bitcoin is always prepared for a bull market,but usually something happens and the price goes down.
Something(like an event or some positive news)has to trigger the Bitcoin price and cause a bull market.
Last year,the news about Facebook's Libra helped Bitcoin to reach 12K USD at July 10.
This year,the BTC halving helped the Bitcoin price to recover back to 10K,after the March price crash.
I don't see any events in July 2020,that will help for boosting the Bitcoin price.

Despite the Halving experience and some good news, I still believe that the crypto market will need some time to stabilize before bull run can occur. Now the price of BTC is moving like the US DJI 30. When volatility comes from the US financial world, so does Bitcoin's price. and the special thing is that the US is having a significant increase in the number of infections and there is a high risk that the United States will have a 2nd outbreak. The economy will once again be hurt and the market is likely to dump sharply again another shot before growth.

It's happening due to investors sentiments, if there are more traders to buy and hold the value will surge up
but if there are no new money to flow then expect nothing.


Though there's no clear sign as pandemic virus still affects investors to risk their money in any form of investment,
but the market still looking positively.
There are still traders who are active and willing to hold and wait, it's needed to analyze and take your position as
early as possible after you complete your study.

Tomorrow will be the first day in July, so we can see what will happen. If the price can get a high pump, then the price will break $9,200 and keep increase. Otherwise, the price will be staying at a price now, or even the price will be down for more. We don't expect the price to go down below $9k, but if that is what happens, there is nothing we can do. But we have a good time to buy bitcoin at a low price.

That's right. The thing is that with the unproven model that they have, of course we'll not going to be dependent on it. This is why some of the people are blindly following the predictions and just like me before. I admit that I was once a blind follower of predictions that gave me huge hope but later on fell into disappointment.

That's what I'm trying to convey about these predictions, nothing wrong with that but the people that will read it might take it seriously and onto the next level.

You are right that no one can say whether any BTC bull market will start in July but Bitcoin can go beyond 10k whatever comes. Bitcoin usually rises in price based on the investment If the number of investments increases then it will pump a lot.

It is really hard to say if bitcoin will have a bull market in July because there are no good signs in the market's movement recently that bitcoin's price is still down to $9,139. But good thing bitcoin just stay its price in the $9,000 spot, so I think there are chances that bitcoin would increase more than $10,000 before the end of the year.

Exactly, but it’s not clear to me why people constantly follow the same story, almost as if they’re obsessed with big numbers and some crazy idea that they’re going to become millionaires overnight. Nothing happens for no reason, so a bull run can't start just because people want it to happen. Although Bitcoin has only been around for 11 years, some things are repetitive and have a certain pattern that can be applied to the future. But there is always that kind of factor X which is a complete unknown, and which when it appears makes a real mess in the market.

Those who have been patient and invested wisely over the past 5-6 years can already be considered successful investors today given how much the price of BTC has changed. I think only the numbers have changed, and that in 5 years $10 000 will be a thing of the past and anyone who has invested below that number is likely to profit in the long run.

I hope it does.

A lot of predictions by my friends are that the bull market may come but I am not expecting that much since there are some problems to that and that may relate to the pandemic happening right now. People might be scared of the movements so if the bull market comes, then it is great but if it isn't, that is fine. I know it is worth it to wait.

Bitcoin is still hovering at that same range until now,maybe a little low but still not bad compared to the prices last year same time frame.
for me this is much better than dumping to 5k again and stays until the rest of the year.
and also let us keep the patience mate,we are still in the good movement staying strong at $9k,and we will see another Grow this coming 3rd quarter to the 4th.

They can only speculate the possible timeframe when will it enter but it may divert from the reality. What good it will bring to crypto users as predictions are just mere estimates. If you are a holder, just decide on your own what you gonna do with your portfolio. Don't rely your decision form these predictions.

I'm looking forward to how the market rallied in this quarter 4 months since the start of the pandemic. But I'm not been optimistic soo much to think about being in the bullish market and we can't make that highs early this quarter knowing the market resistance is still at a low.

However, it is possible to surpass the $10k resistance and I believe that we can make it again if the current momentum will be changed. Mostly we saw some ups in the 3rd and 4th quarters, and I was hoping for the market to behave the same as what happens in the previous years.

There is panic due to the pandemic so a lot of people are not ready to start investing.
Some of them are still panicking that the price will fall back again if there happens to be another wave of the Coronavirus. A lot of people have been talking about the second wave of the outbreak, but I don’t know what kind of effect it’s going to have on the cryptocurrency market.

Although the way I see things, it’s unlikely that things will be getting affected, even if it does, it’s not going to be as much as the first time. And some news articles that I have been reading recently shows that investors are starting to invest more in Bitcoin and there might be a bull run soon.

We have the same reasoning, we just be thankful that Bitcoin is not dropping we have a very long bear and things will be very different if it's not on this pandemic, there are sectors that like to buy and accumulate Bitcoin but the condition of the economy on various country is what hampers but we'll see if his analysis shows different direction from what we have.

The main reason why "experts" gives opinions is the fact that if you give enough opinions one of them will be right and you can collect all the right ones you have calculated and you will be capable of putting them together and show others why you are an expert. They continue to be experts and continue to get questions asked to them and continue to get paid for being experts as a consultant in some companies regarding crypto all thanks to this trick.

Now you can't become an expert on bitcoin that easily on the starting up side, you need to do something that gets attention, but after you became one it is quite easy to keep being super important person only thanks to saying to one place it may go down and telling the other one it may go up and whichever is right you put it on your twitter and on your website and you get a credit for it while ignoring the other one.

I am optimistic that Bitcoin will do well in July. Because none of us can say exactly where Bitcoin will go next. Everyone can only give predictions, there is nothing else to do. However, many traders are still a little scared because of the March dump. So it is difficult to give the perfect target of the market. In fact, there is no basis for targeting a particular month. If the bitcoin bull market starts, the market needs some time to get ready.The market moves on its own, so the market will decide whether the bull market will start or not.

We can't give exact prediction if where the price headed by next month July, (I mean tomorrow is the month of July) it will remain unpredictable to me. But that's extremely right, I'm also optimistic about my prediction that bitcoin will be headed up next month and I guess it will surpass the $10k. One of the reasons I guess the massive adoption of bitcoin due to pandemic and most people want to use payment through the online and also the gambling industry has a big impact on crypto prices.

Let just wait and see what will happen, my question is. Have you fulled your bag before the price will rally?

Dont know who the hell is Woo but anyone can really make out those market model that they've been trying to share out and telling that market is preparing for a bull run into that particular time.

I dont know why people are still forcing out that the current pandemic situation is the main culprit or reason on why crypto market experienced a dip down yet we didnt even talked about on

how it do able to manage to increase this high yet we are still in the presence of pandemic which basically shows up total correlation among the two.

Nothing convinces me from recent action that we are being held back and just ready to burst higher because the action is so positive so no I dont call this a bull market and its not bearish yet either but we cant just assume BTC rises.      Typically BTC can rise alot even while taking harsh pull backs but we lack signs of either dynamic ready to contend with.   I dont think it'll happen in July or August or even the autumn, not that I say its impossible but I cant believe in any great expansion when we dont have a mass of new growth in population or enough positives to think now is the time for a start to a bull market.

This pandemic is horrible, it been a long time to see the pandemic goes away but it won't happen in the near time. Maybe we all need a long time to see the economic situation run normaly and the market (either stock market and crypto market) move to the good sentiment and investor store their money back in it. Bitcoin's price still consilidating for several weeks, we just touch the high price at 9700 and the low price at $8800. So, I just predicted if the price broke the both price we will see the pump and the dump scenario.

Then we can only prepare for anything that might comes to bitcoin while we can also try to trade and make a profit.
This time, the altcoin moves seem good to trade while some altcoin can go up and down, so we can hope that our profit will come from the altcoin.
While bitcoin price is not moving well in the last month, we need to be patient because we don't know if the price of bitcoin can increase higher or not at the beginning of this month.
So what we can do right now is waiting and making buy and sell if you think you can analyze the market.

in my opinion what happens is that people create high expectations because some analysts are making exaggerated price forecasts and when the price is stagnant people once again realize that they have been deluded and start selling, look at this:

Survey Shows 42% of Investors Expect a $15K Bitcoin Price in 2020 (https://cointelegraph.com/news/survey-shows-42-of-investors-expect-a-15k-bitcoin-price-in-2020)

are investors who are creating high expectations, maybe they should have bought more bitcoins in the hope of seeing the price reach $ 15,000, now imagine that these investors are already deluded with $ 15,000 and another guy appears saying that the price will reach $ 500,000

Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K (https://cointelegraph.com/news/max-keiser-us-hash-rate-war-with-iran-can-send-bitcoin-price-to-500k)

these investors created more expectations, even if they appear on the forums saying that they are not believing in this forecast of $500,000 at the end of the day they are really believing in the forecast of $500,000 they just do not want to admit in public.

Keep in mind, Willy Woo is a perma bull. He was mega bullish in February too. https://twitter.com/woonomic/status/1226387700963532801


Yep, similar idea to Bollinger Bands. It's a well defined range; we should let the price action do the talking. What Willy Woo is saying would sound a lot more interesting if the market were trading $1,500 higher.

Actually we can not figure out when the bull run will start cos the pandemic has deeply meltdown the world's economy. Due to that, there are no much influx of money into the cryptosphere that would have help to skyrocket the bull run. Am expecting this years bull run to take effect by next year April, when businesses and company's must have been operating fully without the lockdown.
 As it stands now, bitcoin price will be fluctuating around $8k - $10k until the pandemic is over

next year april ? that means the pandemic will be gone by that time ? thats too long  but that could be right because they say the real cure will only be released by next year  . 

cryptos were indemand during these season and people still have money because government gave something and jobs arent totally shut down but these money is i think not enough to trigger the bull run but this is only good for recovery and some small increase   .

Not every country gave out palliative to her citizens. Revised is the case in my own country. Businesses and Job's are still on lockdown due to the outrageous increase of the covid19 patients.
Everybody is stock up with nothing at their different homes. Hunger is the only thing killing people more than the covid19.

Anyway, there's no guarantee that the vaccine will actually be released next year and we don't really know the exact time when the world will be free of this corona outbreak. But regarding the analysis of the market which might be bullish at the beginning of the third quarter, I'm personally not sure because even today the market is still not strong and tends to continue to weaken and the recovery that occurs is not enough to make the pump even higher.

I do agree that the future of bitcoin looks a bit bullish but definitely not that much, just a smidge and that is not like huge as some other people have said and expert talked about. I would say in July we will probably go above 10k, and that is definitely the level I see it going to, not 15k not 20k, not something higher, I just think we are going to see 10k because that is just 10% higher and it is totally understandable.

People think that it is not good enough and it should be like 100 million or something stupid but in reality 10 profit you could make in the next one month is still quite a big one and still worths a lot of money if you are smart and have enough money as well. I just hope that I could make that type of profit just 3-4 times a year and do it consistently for the next 20 years, I could retire early.

As far as I know, Bitcoin is already in a Bull market since the first quarter of the month, probably the question would be if the bullish market will start to kick in this July.  Well some analysis said that there is a possible uptrend these coming days due to the re-accumulation process.


It is kinda interesting how the author explains this chart:

https://i.imgur.com/FwGbs1L.png

source: https://www.tradingview.com/chart/BTCUSD/2g6DLkmQ-Bitcoin-Volume-Profile-Fixed-Range-Analysis-Seasonality/

Its not a bull market, its not with any trend currently.    It has risen and done well to recover from the lows back to near year highs but theres no regular gain occurring here and its very different to me from the confidence people might express during a period of price growth, we dont have that.
   Today price rose and its done ok this week but its alongside stocks also recovering some and so it seems likely we are drifting amidst a monetary expansion with little selling and a small amount of buying being enough for price to speculate higher I dont assign great significance to current action till it does something new.
  In FEb when we lost the uptrend I should have been alot more cautious but as we did little at first and with no selling to begin with I did not imagine it would result in a sell off, that can happen now at least as a possibility.

If that so, I will never trust these 'experts, there are already a lot of fools nowadays and they feel that they are like Nostradamus or some prophet out there that know everything unless they got some charts and explanation with some validation/invalidation part of their chart.

Then let's wait for the next few months, I really don't think we can see more price actions these few weeks or this month. Bitcoin now is still neutral.

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

Today is the first week of July and we are already sitting at 3rd day but Look at the market

https://coinmarketcap.com/

Is this the indication that this month has something Bullying?

Maybe the best way to express this topic is changing the title to "Will The BTC Market BUll Will start this 3rd quarter?"

Better enough to Understand and believe .

if there is a price increase it already happened before but no there isnt  so i dont also expect it by this month  but price remains stable instead and i liked it too more than you do   .

stable price and increase in the price are both better than a dump price , if only these two will only happen on the crypto market , there will be no problems anymore  .

It all depends what time frame we're talking about. If you zoom out to include last year, we've seen all lower highs and lower lows since June 2019. That's a bear market.

To break that structure, bulls need to break and hold above $10.5K.

We're already into the month of July, 2020 and nothing seem going to happen base on bitcoin price. What we should understand is, the cryptocurrency market is unpredictable and from 2018 to 2019 the market has been partial in it bullrun even though the price has not been huge  like before. For the price of Bitcoin to skyrocket, it will be difficult because there is no news or event we are expecting to shoot the price of Bitcoin high. Advise, don't invest huge amount of money into bitcoin investment now because it seem it price is likely going to fall below $7k this month to August 2020. Invest what you won't regret when at loss.

Nothing is guaranteed as it is highly volatile market and this crypto itself can either rise or false thousands of dollars in the day. We have seen in past how it has risen or fallen in just one single day and can recover quickly as well. But somehow it has continue holding 9k levels then only we can see some rise in coming time.

Many assume that there's something great gonna happen at the first quarter of the month but actually it doesn't guarantee anything and yet we should consider the situation right now since we are facing a huge crisis which affect majority in terms of financial matters. And I don't know if we can see a quick recovery since we don't know yet on when this things ends up so best for now that we will be settled for the stable price and play for the volatility while the status is questionable.

Bitcoin price isn't increasing and there are very less chances of it to increase even in the next week as well, as the price is currently not in a stable state and is declining from a few weeks as well. Dump is just around the corner and in a few weeks we can see the price fall below $9k and after the month of July or August mid we can see the price fall below $7k as well. A couple of my friends who did own about 10 bitcoins have already sold their coins in hope of buying again after the end of the bear market.

3 days is nothing in the bitcoin world and also a lot of time in the bitcoin world at the same time. What I mean by this is that bitcoin price could go up a lot in three days, it could go up like a million times but at the same time it could not move at all for months, this is why I think it is crucial to know that bitcoin not moving for 3 days is not a big deal not because it can't go up in three days (it can go up a lot) but it can also stay the same for a lot longer period, this is the part where people are mistaking.

Wait a bit more, July is just starting out and it will continue for another 27 days and unless you are talking about some major stagnant record breaking situation, it will definitely move eventually, either up or down but it will definitely move to some direction.

Let's not rejoice yet, since there's no significant attempt that bull run could take a better dominance this month. However, don't lose such hope that in every milestone there's always a better future. Just stay still and calm while we don't market still trying to recover at most potential capability.

Youre right and there's also no significant momentum in the market that bull run will happen until it last month of Q4 or next year since the last halving havent show any effect sign in the market. However, it is good we're not in totally dump market and i think we should wait till it Sunday to be sure the next trend the market will pose.

But if we take an even larger scale, it turns out that in order to exit the bear market it is necessary to exceed 20k, right? I do not think that this is the correct reasoning since in this global bear market there were times when bitcoin made x3. It seems to me because of the great volatility of the crypto, the concept of a bear and bull market is very blurry here. And the only factor (price) cannot be as unambiguous indication, it is necessary to take into account both trading volumes and utilitarian use, etc.

The price can go either way but we also think it is following a familiar trend from 2016, some still expect a minimal dump in price before the pump, maybe in few weeks. The resistance at both (Lower and high) ends look weak and it is acall for concern on swing in either way. We just need to decide where to stay; in altcoin and bitcoin, if both? at what proportion.

So far its weakness and into the weekend where normally theres some rise.   The main markets are quite positive at the moment so that entire context I dont think BTC is doing great overall and I'm not bullish on my opinion for its progress at least in this summer I think its lagging and best idea is neutral until we are disproved otherwise.

https://talkimg.com/images/2023/06/12/A4o6o.png

Loses 2 day  average nothing dramatic, just nothing at all really.   On 4hr bars it only managed to stay above weekly average for 5 bars before dipping below again, its worse to try and fail and fallback and shows thats the correct direction or thats my interpretation.

Not too early man. Just like what you said, there's no signs yet. No significant turning point yet, all we have is bullish speculations from crypto analyst and self proclaimed crypto Nostradamus.
As you can see, the Bitcoin network becomes busier and It seems that there's a wider adaption happening ,but still didn't make any positive impact yet.
Most likely we'll get to see a short rise touching beyond $10,000 level on the fourth quarter of this year.
Realistic predictions is below $15,000(highest) before the 2020 ends.

BTC is a forever trusted cryptocurrency so it will pump and dump at anytime, The current market is cat on the wall, so we never predict the when bull run will possible in Bitcoin. Normally Bitcoin is going to moon on end of the month, But recent COVID is totally unpredictable the current economic development so we just trust the future pump and invest the Bitcoin is a only way in this month. I hope next year we are all see some possible growth in BTC.

I think its not possible bull in July and even not possible to cross $10k mark in this year. I am waiting for 2022 going to Moon.

July is already here and there are no signs of a bull run. You are right about it that it may take a year or a half when we see the bull run. I understand this is a lot of time but then those who are patience will get the better reward of holding the bitcoins. 2020 is a year where covid19 is dominating all the other activities and i see no bull run in this year.

July is here and bitcoin seem to keep loosing volume. The corona pandemic has really changed the equations we have before. I think and I do believe that bitcoin is not going to move very significantly this month.

I wouldn't say so. I define bear markets based on pivot highs and lows. To form an uptrend, we need to see successive higher lows and higher highs. You can see since the 2017 top that the market has seen nothing but lower highs:

https://i.imgur.com/wdWMWlT.png

Breaking above $10.5K will form the first structural higher high. That will indicate the bear market has ended. We'll get additional confirmation of a bull market when the June 2019 high is breached, and subsequently when the market confirms another structural higher low like December 2018 or March 2020.

Breaching $20K will provide yet another confirmation. I wouldn't wait for $20K to turn bullish on this market though.

Interesting reasoning, I understand you. I can’t say that I completely agree with you, but thanks for the details. Now if we look at your reasoning from the other side: will it be correct to say that if bitcoin does not break this high in the near future, will we see prices below 8k (7?)?

Most experts provide various forecasts, confirming their words or corresponding schedules and other circumstances that exist in the world. but nevertheless, the cryptocurrency market was always unpredictable and could surprise with the subsequent development of events. It seems to me that this year there is no need to hope for such drastic changes in the cryptocurrency market. But next year, bitcoin may bring us a surprise with a fairly good and stable price increase. In my opinion, it is the global economy, as well as the coronavirus, that will affect this situation. In addition, we must take into account that more than once it has been said that the United States is constantly increasing the money supply, because it is really in short supply, especially in Africa and Asia. And this causes a drop in the value of the dollar. Thus, many investors will look for alternative assets for investments that will not be subject to inflation. I believe that Bitcoin is a very good choice for this, like many other coins in the cryptocurrency market.

Well, the transactions getting a bit more higher and higher means that there could be an increase. I feel like July will be a month where people may go back inside, for a while there until start of June many people stayed at their homes, by late May and early June people started to go back outside, and that meant two things; 1- People weren't at home to trade, which mean they would not really make any changes to the price of bitcoin and 2- They might need money to spend with that extra time they now have and after so many months of staying at home they would want to spend that money.

Now that pandemic is looking scary once again, I feel like maybe people might want to go back home, or just go to vacation places so that they could stay away from other people and be in a relaxed position.

The market isn't looking as what we think for Bullrun this month, not even sure next month. What I was thinking to see it late this quarter or early days in the 4th quarter. Yes, we all know the market is truly unpredictable but the base of what is shown in previous years, mostly we saw pumps at those particular days and seems to be possible at this time.
But somehow we understand the current situation and to believe that it will affect the trend.
I don't know how halving could influence the market situation that is why I'd never expected and think of it until we saw recoveries of the global economic situation.

Atleast maintaining at 10K level will be really good for crypto users because it seems we are slightly dragging into bearish mode since this month began.Yes pandemic is the reason why bitcoin is struggling now because we are all set for a good bullish run after the halving but now everything got collapsed.

Just checked the volume on cmc it seems there is not much change on bitcoin volume of course there will be highs and lows but the stability still intact. We are few days yet for this month and we can still reached 10k stable level but due to volatility we cant prevent it from breaking a lot of support and resistance.

Not only crypto market but stocks also being crushed, tis are correlatable since stocks and crypto are probably have one investors too.

Maybe what OP is talking 3rd quarter and not only for the month of July,Because this month is just the start of the month and many things may happen towards that part so maybe there will be a changes in this month or the next two months from now.
No i don't think Crypto and Stocks has one investors,Yeah maybe there are few whos betting on both market but not the majority,because we can read many posts here that about a newly enter investor that once from stocks and same as the old timer investors here that wanted to try stocks.

The current trend is in sideways and we can observe that the price is consolidating inside a box, the longer the consolidation the better. There are now also spikes of volume that can be a good thing because it indicates that there is something cooking where maybe some whales are now getting massive positions.

I do not know why many traders are relying to specific month for them to identify trend, it is better if we will identify the trend through market structure and not relying on the time or specific month.

Definitely on point, this months aren't the months of bullish according to Bitcoin history, this are the bearish month we're entry right now and due to the pandemic we are not going to see price rise but expecting another dip. For those who are still looking for a pump from the current state of Bitcoin price should rethink and research how bitcoin move in those months. We may not see what many speculators have predicted but hopefully after this year. July to October are always months of bearish, so, let's just hope for price surge November to December 2020.

I feel like the worse thing that could happen right now (which is not really that bad at all) would be a fall first and an increase later on.

It looks like we need some sort of "bow and arrow" type of thing, I don't know what it is called in economics but the thing where it drops a bit first then shoots sky high when nobody expects, there must be a name for it. That looks to be a realistic thing right now, like break one support level down and go to the other one without breaking it, that means it will be at the second support level. Then shoot back up and break like 3 resistance levels which would put it above $10k once again. This is however the "worse" thing that could happen, the better ones like going directly up to a higher level is still quite valid as well.

right now we are in July, and it seems that the price of bitcoin is almost $ 9500. I honestly expect an increase of up to $ 10k, but that seems pretty difficult. well, this is still the beginning of the month, if there is a possibility of a pump, then the price of bitcoin will rise in the 3rd or 4th week of this month.

Sorry but there are no signal that this will come at the moment.

Yeah this is 3rd quarter but the market seems nothing to Go top for this season.

Maybe next month?who knows right?

i will continue my activities and purchase whenever theres a chance.

there is nothing hard about reaching $10k, we have been hitting that target multiple times for the past 9 months or more pretty easily. the hard part is breaking that resistance and going above it and that will not happen unless the accumulation stage ends.

sorry to disappoint but bitcoin will never get pumped because it is not a pump and dump shitcoin and even though the market could still be manipulated but it is big enough to prevent pump and dumps.
we will see a bull market soon though.

If you think about it. Those whales having funds on stock are majority of players in crypto. I know this, cause I joined signal for trading, and there are more whales who are doing an arbitrary trading via stocks and crypto, if the stocks are down they are looking on crypto if there are potential profit coins. Thats how they operate. We would not know the specifics but my guess whales on stock are probably whales on crypto. Of course spread your eggs on different basket.

Indeed, today there are quite a few large investors who are strong players not only in the stock market, but also in the cryptocurrency market. but based on this, it is very strange to observe when the stock market falls, and the indicators of the cryptocurrency market fall a little more, and if the stock market grows, then the prices for cryptocurrencies will not grow so actively. It’s very difficult to understand how big whales manage their capital.
 Nevertheless, your advice is one of the most important rules for all investors and other cryptocurrency users. To protect your capital, it is better to invest your money in different cryptocurrencies, at least 10 of the highest rated cryptocurrencies in your portfolio.

Bitcoin halving just happened last May and someone thinks that it could actually give a boost within two months? In the previous halving record it takes almost a year before we could actually tell that there is a bullish market. I think every new people who joined the market always thought that bull run is just around the corner but for some people who actually stayed long on this market knows that how the market moves.

Looking at the price right now, we could say that price has moved from $9k levels to $9.25k levels and that is really a good improvement. I can't say that says bull run at all because it is only a 3% or so increase and that is nowhere near where we can say it is a bull run, it has to be over 10% to say that but it is at least a good improvement. I would say that we are at least not bear, and "not bear" is as good as bull at this moment.

July has to be just not bear for a month in order to tell people that bitcoin can move better, which is why I believe there is a chance we could maybe not be a bull this month, but prepare ourselves for a bull in August/September if we continue like this. I would say reaching $10k could be the best we could have this month and not that much more honestly.

I agree with you, but there are other arguments besides halving - for example, the global crisis. Many people expected that during a crisis when governments print money without stopping, bitcoin will be more bullish. But at the moment, bitcoin has only increased its correlation with the stock exchange.

When correlating bitcoin to stock exchange then i dont really believe much into this matter.They are different markets and we have seen on how they do behave when this pandemic happened.
Bull run cant be determined nor be precisely guessed out ahead of time no matter how strong the sentiments is, neither technical or fundamental but it doesnt assure that it will move out
in an expected manner.Its July now but the price had still somehow stabilize into between 9k-10k levels and we dont know on how long it would be like this.
For now we are just staying up and observing on what would be the next move.

you are right. it is not difficult to reach the price of $ 10k, it's just that I see that bitcoin is difficult to maintain it. I suspect that many people are targeting a price of $ 10k or more to sell the assets they have. Well, I also hope that it will happen as you say, that the bull market will come soon. I honestly expect this month.

Indeed a lot of people are waiting for Bitcoin to hit $10,000 level then quickly sell. It's noticeable after a couple of hours or after 24hrs after Bitcoin hits the resistance level, it will be crawling back below $10,000 again.
Judging how Bitcoin is reacting to the TA's and bullish predictions, It doesn't seem like we're going near breaking that level so far this month. Bitcoin is hovering around above the support level and are far from a bullrun.

All I read are "a lot of people are waiting $10k to sell" and what about you?! Do you wait to sell like others? If all of you wait $10k to sell than you can forget about $11k or any other higher price!
Bull run is far away judging by the comments in this thread, after reading most of the comments here I am thinking about those words from the past, look what the masses are doing and do the opposite, that's a good recipe for success. How I get older I see that more and more as a big truth.

Whether we like it or not, but the correlation has increased, it is a fact. But I can notice that recently the correlation with physical gold has increased. This should please bitcoin enthusiasts as gold gradually goes to its highs (on the other hand, this should upset everyone, as this is evidence of the ongoing crisis in the economy  :-\ ).

^ We are in the second week in the month of July, bitcoin price in the market has been plunged around $9,400 plus and I think the dominance will keep going up this month and I don't see the correlation of economic crisis versus the bitcoin price movement. We are all waiting when bitcoin price becomes $10k again in the market and probably are waiting to this to cut their profit off and continue to invest. Nevertheless, we can't hold any guarantee of what will happen to the market price movement of bitcoin, all I know is we are just heading up now even I know just a resistance.

Baby steps, keep this price above 50 day average for 50 days and very quickly and simply we can have a trend start to develop even without examining any particular values.   That pressure has to build and its not there at present imo, we have a while to wait for this idea imo.

https://talkimg.com/images/2023/06/12/A41F9.png

Heres the correct focus, blue line below is a boundary and the prior highs the upper price to beat now.   Moving around between these two with everyone guessing for or against BTC to rise is like us chasing our tails, it must cross into new ground for us to draw a reasonable conclusion for July or any month in terms of calling a new bull market.

Staying above 50 day average for almost 2 months is somehow a hard thing to sustain but it would be good to look on this kind of momentum.For now we do see some few hundred dollar increase
and lets see if it would reach out that ceiling of 9700 and able to break it.

At least the market is moving now, might not be that much but it is much better compared on last month almost no movement at all.

Im expecting that there would be some action in month of August.

No.. can I say that?

Been waiting for the time that bitcoin will once again start a bull run, but it's been 2 years or more that it has not happened yet.
I am not losing my hope but I don't want to expect anymore as I think this way I will just be surprise if indeed there's a bull run,

Also, I don't trust predictions anymore, a lot of experts saying the bull run will happen, while there are also saying the opposite.

So the only one we can trust if our own prediction, but remaining to be optimistic is always necessary for long term investors like us.

I agree with your statement, there is no point in constant debate on when the bull market will appear again, lots of expectations in this year especially during the halving, but sadly, too many uncertainties prevented that from happening,
I don't think we would see a bull market in July, probably before the end of the year, we are in quarter 3 now so let's hope something will happen in the remaining months,
Honesty, it has been a while since last bull market, it won't be a bad idea to witness another in this year, when bull market happens just be sure to have yourself prepared.

actually, I don't hold bitcoin too much, it's just that I also won't sell the bitcoin that I have at $ 10k. Well, I still think that the pumping opportunity that happened because of halving hasn't happened yet, so I feel that the increase in the price of bitcoin can reach more than $ 11k. however, this is still speculation, we are not whether people are targeting to sell prices above $ 10k or not, but in reality, the price of bitcoin always goes back down rapidly when it reaches the price of $ 10k, and as I said, I also hope that the price of bitcoin will pump this month.

there is something Good happens since yesterday mate.

from almost drowning to fall in $8,000 level yet it Bounced back and starts to climb to almost $9,500 last night.

This means maybe your post is correct the July is the start of new beginning .

There are so much waiting that coming around  yet nothing goes favoring us so Lets Hope that this time it's for real and Bull coming sooner.

Usually this is shaking out the weak hands.
A lot of noob investors bought at $10k-$19k and have been HODLing down and back up. They just want off of this roller coaster.
Whales and other investors have to accumulate these coins and that takes time.
Whales tend to play around with these fluctuations to make more coin....

Once we pass the $19k we will be well enroute to $70k (my predicted ATH)

And stabilize to that level and which is good for the current happening but I don't see any point that we can go huge for this month since we don't know on how this thing will happen but lets keep the faith harder since even if there's a negative things happening in the world still the price of bitcoins still on positive side. Really looking forward to see a bull run and hopefully it will happen soon.

Im sorry but I'm not a short term investor. I always aim for a much better position than selling at the peak of a resistance level.
I guess you have misunderstood my statement.
Haven't you noticed? Everytime Bitcoin hits the $10,000 level, It usually followed by a short pull back after 24-48hrs. That because obviously "a lot of traders and investors" sold at that level.
 Nobody is forgetting the higher price, who said that? Lol.

We never know.

Bitcoin usually makes us surprised by its quick-changing price. You might think it won't happen but there is also a chance that it will happen. The dominance of Bitcoin is regaining and I think there is a huge possibility that it will stay at $9K and might go higher than $10K.

2022 in terms of volatility of Bitcoin is so long. I guess we might see an ATH even before we welcome that year.

Exactly. It's going to be a surprise as we don't know when the value will pumped high and bring
decent profits to all holders who are keeping their assets.
It can continue to fluctuate between $9k and 10k$ or jumped a little high, though it's still a
question whether it will begin the bull.
Holding and keep buying when you see a comfortable dumped it will gives a much better
profits in the long run.

Bull market? hopefully.. but I like to see some consistency if the price will indeed right.

But wait.. I realized that bull market has not been present for years already, so I am a bit skeptical if it would take place this month.
Personally, I don't even think it would take place this year, as no great news that would back that bull run or any speculation now.

I believe that it is not necessary to count too actively the days, weeks or months until the time when the bull run begins. someone will constantly create new topics in August, and then in September and so on, waiting for a specific event, in any case, the will of God. and nevertheless, we must admit that more and more governments and states are interested in blockchain, and are also trying to accept the use of cryptocurrencies. Let it be in certain cases, we are talking about stable coins, and yet the blockchain industry continues to develop, so in any case we are waiting for the exciting development of the cryptocurrency market. But if you already so want to lighten your expectations, then you can pay attention to the first level of resistance, which is located near the wall for sale about $ 9450. Closing above $ 9600 will nullify the downward channel, which should bring Bitcoin closer to the multi-year resistance level of $ 10500. if Bitcoin overcomes this barrier, then we have a good chance of seeing a bull run in the cryptocurrency market.

Looks like it is at the beginning of bull markets, right now the price is actually doing quite good and I feel like it is start of a bull run just right now. I remember just a week ago the price went as low as 9k and that wasn't bad at all however it wasn't that nothing neither, price dropped in the end and even if it is small it is still a drop.

Now looking at the price, it broke over $9.5k and dropped to over $9.4k right now, that is actually good good increase, about 5% in increase and we should be looking at that. You know why? Because, 5% increase could either mean it is nothing important at all and something quite expected, or it could mean that it is a huge deal and we are starting out with a new bull this month that will see us go over $13k, we do not know which one will be the true one but I think it is going to be going up.

Expected to go up at the end of this month, we might see the price rebound to 11k,Then we can wait for the next peaks, perhaps exceeding 14k in the coming months, In the event of a market crash, the price may touch the 6k level.
We must wait, the world is still suffering from the epidemic and there are great concerns in the event that the disease continues to spread for other months that may cause a global economic meltdown!!

This speculation will remain speculation if we don't have technical analysis to support our theory.

Also, I don't see the correlation between the pandemic and the bitcoin price. Because if you noticed last month, bitcoin showed improvement even though we are in the middle of pandemic and everyone needs financial support. Bitcoin showed good dominance.

This month, I can see that it will remain on a $9k range and it will not break the $10k price. My doubt.

Was that your own prediction, or you read it somewhere?
I'm interested to read some expert's analysis if you read that somewhere, so if you can share some link, I would highly appreciate it.

Thing is, I know everyone of us has our own prediction, but it would be more interested to read that prediction if it's realistically justified.

Yes, the influence of the global market dominates now. Dow Jones fell a bit and bitcoin followed after it, there is a rather high correlation here, and I’m sure that if the situation worsens globally, the cryptocurrency market cannot be independent in such a situation.

but it seems like it won't be easy. to be honest, the price increase that just happened to bitcoin makes me feel that the increase could reach a price of $ 10k, it's just that the price decrease again occurs when the price reaches $ 9400. however, there is still a lot of time left in July, I hope that at the end of this month, prices will go back up high.

   Ancafe the price will reach $10k, but that is not the bull run I wait. It's a volatility of the Bitcoin, it goes up and down all the time.
For the bull run I expect to see the price can make new ATH. And for that we need to be patient and wait. I don't think we will see
that bull run this year because of the global situation, we need to wait this pandemic to end and people to relax and start investing
again.

We all know that the price of bitcoin can hit new nights in anytime, but when we make a specified  day, week or month, it might nit be as what we expected. Truelly, the pandemic has affected the market. If there will still be anything good for the year, we need to patiently wait for it, otherwise, no one has a say.

Yes but no matter how good the analysis is it will remain prediction and still not accurate and reliable to base our decision just because we've seen a good prediction on the coming days/months.

Its better to have our own analysis about the next movement of the market. The price of bitcoin is stable to $9k and alts dont have major growth to say its already bullrun. So I think this month is not the moment that we've been waiting, we're on the first month of third quarter so im looking forward for an event that can have an impact to crypto as a whole.

11 days of the July has been passed and still the btc is quite stable as such and hovering around 9200$ levels. Though it has being in 9-10k levels from long time now and for a major breakout and crossing 10k from here we will require a big support or some very positive news so that it can get stable above 10k levels. Hopefully in coming time we will see this as well.

Figuratively speaking, I'm waiting for new days in Bitcoin rather than new nights. Nights are cold and full of terrors. :P
I saw an interesting model a few days ago and it was based on the previous 2 cyclles displayed on a log scale. According to it, with every cycle being longer than the previous one, we will stay stable for another year and the most probable peak of the next bull market will be in 2022. The model did not exclude the possibility of a small bull run within the next 2 years, but that bull run would end below the previous ATH. I find it to be very plausible and there's a high probability that we'll have to wait 1,5-2 years for another ATH.

If the line will break a big support is needed in order to sustained the value, so far it's still trying to keep the barrier. There are many things that influence the market both scalpers and long term holders needs to adjust and prepare for much better strategy to enjoy the benefits of this business. For now, it's all speculation that we have seen and there's no concrete news that will spark the continuous pump to happen.

I don't think it is specifically July but instead for the whole 3rd quarter is what we can expect.

because as far as i remember the Bullrun of the last halving starts before the end of 3rd quarter and god the highest in the 4th so more or less we are expecting at least 2-3 months from now before the rally really starts?

yeah we have some time to wait more because the Halving effect really not that pointed until now so waiting time again for now.

I don't see the direct impact on the movement of bitcoin, but it's good enough that bitcoin shows. for some time bitcoin has been perched at a price between the $ 9K range and has gone down and up but has returned to the $ 9K range. this indicates that the direct influence on bitcoin during the pandemic was not very evident.

if for the influence of a new project that will grow clearly it is felt that many can not continue even some are trying to add time but are not helped and must stop without clarity. if there is a success until the completion of the specified price can not be reached so that many investors become losers. so it is not recommended at this time to invest in new projects to invest enough in the bitcoin or altcoin top on the market.

Hopefully we acquired that price since it's a confidence booster for the people and a little piece of appealing sight to see for those people who's new for this things and provably we will get a certain of adoption since many people find ways to earn while we are in the state of crisis. For now we should really focus on how to  increase our assets so that by the time bitcoins pump we will earn even more bigger.

It is most unlikely and I am looking for a bull market move in the last quarter of this year. Bitcoin has not affected by the pandemic but has proven to be a safe haven as it has a major surge in price during this period.

This whole summer I'm not that positive, if we stay at this price and dont move down then maybe we rise in the next quarter.    Over that time we'll accumulate both volume and market participation at this price which eventually makes it significant but at present I read we have little interest especially.   

https://talkimg.com/images/2023/06/12/A4YDf.png

To me I take this action as negative, others will say its like a balloon on the ceiling and all it takes is a gust of wind to blow it out the window and price wont stop rising till its 6 digits.    Blue line is the 50 day average, we did rise or recover price action upto that point and though indicators arent resistance by themselves it is used by traders and has an influence.     So we've attempted upwards, we failed even quicker this time then last attempt and we remain below just waiting.     Maybe we strike upwards later but Im struggling to see the positive take on this barring normal volatility shaking the box.    I think we got a clear lull here and later likely we test the prices below, only at that time can we be certain of strength but this aint a spring loaded situation imo.

It is purely speculation especially if you will just base on the months and not to its price action and structure. It's been 3 months when the price of the bitcoin did sideways. There is still no clear direction whether the price is going up or going down. The short term period moving average and medium term period moving average are now crossing which means weakness. The current RSI of the bitcoin is now below 50 level which means a bad sign but it can still recover as long as the price will trail to SMA 20 and SMA 50.

to be sure, we still need to wait for it. to date, the price of bitcoin is really stable at $ 9200. however, before actually pumping, the price of bitcoin needs to hold on to $ 10k for a rather long period of time. other than that, it's quite difficult to expect the price of bitcoin to go up high this month, but I might still hope the price could reach $ 10k by the end of this month or maybe close to that price.

The market is really unpredictable but once we see an upwards movement of bitcoin to $10k well it is a good news to many. It is not accurate and it's just pure speculation so still good to know we're reading others predictions a positive vibes that bitcoin may begin to a bull market. So actually these levels in my view, it's not a clear path whether we will experience a bull market these remaining days of July but of course, I’m also one of those who wait to see a good movement in bitcoin price.

Agree with you, no one knows what might happen in upcoming days the so called experts are Just predicting even they don't know the reality.

People come up with new speculations and cry here for bull run 😭 but we need to understand the seriousness and situation of the market as COVID-19 has already disastered the entire globe, so it's better to wait patiently for few more days.

Well, we all wanna see the bull season happen so soon. We have forgotten so easily how all the previous bull run season's took place after the bitcoin halving. It's just only two months after the halving and we're expecting a big turnaround of bitcoin price. That's really funny to me.

Bitcoin price will still be hovering around $8k-$10k till this year ends. By Q2 of next year the most anticipated bull season will come to fulfillment

Waiting for some bull run to happen because it has been more or less stabilized in 9k to 9.5k range zone now it seems. Half of the July is over now and remaining half we will require something big to happen for markets to pull back towards 10k range zone and this will boost everyone and also we may see new investors probably once it crosses 10k zone as that seems to be huddle for now.

The $10k price range was touched many times in the past by bitcoin in the month of June as well and still, the price fell below $9k currently hovering at $9.2k, so if a bull market had to start then it would already have started because more than one chance was there for its inception. I think we would have to wait for the price to reach atleast $10.5k or above to safely say that the bull market has officially begun and I don't believe that it is going to happen in the month of July as well, I am aiming for the mid of August or September start for this price point.

Even if we break that $10k, it's not guaranteed that the price will continue to rise to start a bull run.
It's too early and timing is not good as people are not investing at the amount so probably it could be just a short hype or little FOMO that could not sustain.

When bitcoin fails, we know what would happen, the dump is inevitable, so we better be careful of what we wish for.
Of course, my prediction is no bull run for this month.

     That's good and all to dream about but in reality, I do not see a bull run happening in July. Looking at the movement of the price of bitcoin, there really isn't that much volatility which means less chances for the price to shoot up. Well, at least that's what I have noticed in the past. But even so, I am pretty optimistic still with bitcoin. Specially for this coming year end and the first few months next year. Because the bear season has been happening for quite a long time already so I think it's about time for it to go up. And which time is more better than the year end? I have seen the prices move a lot in these times. In July though, I really do not think so. But being optimistic isn't bad. Hope It really does happen.

Yeah, the price is still around at $9.2k or $9.3k levels and that is really not something major for now, we have been between $9k to $9.5k for over a month now, it is getting closer to 2 months, I have been involved with crypto for a long time and I can tell you that it has never been moving under 3% this much, it has moved 10% or so in prices most of the time, even on stable times it has moved 10% or so up and down and we called that stable but right now it is basically static.

I hope that even if it goes down, it just makes a move, this is getting boring, people are losing interest, there has been so many people that just left because it made no sense to be involved and the liquidity of bitcoin trading dropped to insane levels as well. Even if it drops (and hopefully if it goes up) at least it will get some more attention.

well, maybe everything will look calm when the price of bitcoin has stabilized above the price of $ 10k. to be honest, current prices are like giving us pretty big expectations. it's just that the awaited price increase hasn't arrived. Well, it's been half a month since July, and prices are still stable in that range. honestly, at this time, I began to think that this month there will be no high rise.

For the falling few weeks the price isn't gonna cross the $10k barrier. As like the fluctuation experienced last week the price will jump and get back to the price close around $9000. This trend will continue until a real bull run gets started. What's been taking place over these days were the market fluctuation. As bitcoin is speculative a expect a fall reaching $8000 before crossing $10000.

The bullish momentum could have be possible, if the situations of things right now were stable. The current happenings would be disastrous to the bullish momentum of Bitcoin because headlines have taking into their propaganda against the social media that was used by the hackers. Although, the cryptocurrency industry has resistance against things that are not directly affecting them. Sincerely speaking, bitcoin has given it best to those who hold on a long-term than those on a short-term in regard to bullish.

Today, many are trying to find a connection between the state of the cryptocurrency market and the influence of hacking of the accounts of many famous people on this by hackers. Only in my opinion, this is more likely to harm social networks, namely, we are talking about twitter, rather than the Crypto currency market. hackers used accounts to request cryptocurrency transfers to specified addresses. thus, it was possible to conduct fraud using fiat funds, and not bitcoin. Therefore, I cannot call these events a strong factor that will affect the cryptocurrency market. although at the moment there are no prerequisites for expecting a bull run.

Yes, as there are speculations that after that hacking incident, it's a best time to shake the market again, with such news weak holders can easily be driven.


Hackers used this channel knowing that they can quickly hide the collected funds using mixers, bad image but it's not crypto in particular but the incident of hacking should be the focused.


More likely it will be based with persons opinion show to handle this info and how to assess what's the best next plan.

The weak hands are expected to dump their holding in this kind of situation and we cant blame them for that because theres chance that some worse scenario may happen since the hacking issue have to do with respect peoples/businesses around the world.

Yes and this could lead to bitcoin tumblers site doomsday. Lets just wait for Twitter support respond about it but some exchange site have took a huge step about the situation by blocking every transaction perform by their exchange user to the hacker wallet address.

Although this is something that have to do with individual decision but it also a strong factor that will affect the market.

I would say it would be quite dangerous to have a huge bull run right away without having some sort of support system in place. Look at the price right now, it has been stable for so long that people left and the liquidity is low and the volume is low and walls are shorter.

It means if someone comes up and buys like a billion dollar worth of bitcoin they could simply skyrocket bitcoin price all the way to $20k all by themselves and the hype their purchase creates, just one person with one billion dollars and we know how wall street could do that for a lot of profit. However the scary thing is, if they do something like that and we go to $20k, the volume is low and liquidity is low so the price could be dropped very easily as well and suddenly we would have a low price all over again.

well, this month is coming to an end, and my highest speculation is, the price of bitcoin can be stable at $ 9500 by the end of this month, even though the price looks so calm in the range of $ 9350. however, the price of $ 10k might be seen at the beginning of August when the price of bitcoin rises at the beginning of the month. bitcoin prices usually go up every beginning of the month, or the end of the month, well it could have happened in August.

Latest chart action shows BTC could just end July on a positive if present price positivity continues.    There is much to question as it remains at a pivotal point still but so far BTC price is staying above the 2 day average shown in the blue line below, which shows quite strong momentum is there and possibly we might keep that into the weekend and develop further.

https://talkimg.com/images/2023/06/12/A4Qhv.png

If you take one condition then you have to take into consideration about the other financial conditions too, we never faced a pandemic in decades and we are facing a real bad one this time and there are other factors that will come during a situation like this and if you take the overall picture every economic situation is hurting every markets and that includes bitcoin but i am still hopefully we will see a rally may not the same like we used see but i am hopeful but it will take time.

If you have a glance over the past few days most of the coins are pumping while writing the price of BTC is $9634, also ETH as shown some massive pump as well.

The market conditions looks like the price of crypto currency will go up wards from now, Investors are mainly focusing on crypto currency as most of the business have been disastered after COVID-19. And this is the best opportunity to take advantage of situation and Invest as much as you can.

While nobody was looking July did put in some line of rising lows, which so far as I know is quite bullish.   It could develop further, in Feb 2017 that was one of the things I remember me think twice.   We'll have to see if its just a mirage or actual base line for a trend being put into place, in which case I was wrong not to take the OP post more seriously.

https://talkimg.com/images/2023/06/12/A4up1.png

Now many businesses have linked crypto in it so that it could be triggering bullish right now and in the future, crypto has been considered a good investment but they are still wary of it because it is feared when it crashes it is difficult to imagine how they will collapse.
In July, the good news is that the crypto market is growing so fast, but fluctuations can happen at any time, so I will use this as much as possible.

the end of July seemed to be a good turmoil for ethereum. I just hope that the increase in ethereum prices will continue until the coming of August. however, I did not think about this, and I felt the opposite, that ethereum prices could go down by the end of this year, but it seemed to be inversely proportional. I hope this moment brings ethereum prices to a range above $ 300. this might have an effect on other altcoins.

Latest action into the weekend to see off this positive week that has turned around the price is a tangle with the 2 day average.   I would usually expect us to benefit from light action over the weekend but its possible profit taking occurs, I'll still wait till late Sunday to see how we move from this area.

https://talkimg.com/images/2023/06/12/A4XmT.png

Based on the last 5 days data it looks like we are in a good price headed to the month of August, the price of Bitcoin this July di not move at all in the $9000 to $9500 price range we are still  waiting for the $10k breakthrough before we can say we are in a bull run but glad that we are moving however slow.