Bitcoin price jump - Is this a bullish sign?

[elsie34]

Bitcoin recent price jump is indication the bear market is over and things will start moving in positive direction anytime soon.We need time to confirm if what the price increase was a bullish sign or fake out.

i hope it is. though i think this is only for temporary reason or a fake out as you said because as what i notice today , the price do still drop again.

the is still volatile and i think it will work this way until we reach the last quarter of the year.  I have a strong feeling that the price of all the cryptos can jump only on the month of december and it will fall again after we enter the year 2019.

[BitHodler]

Bitcoin recent price jump is indication the bear market is over and things will start moving in positive direction anytime soon.We need time to confirm if what the price increase was a bullish sign or fake out.

You are contradicting yourself. If according to you the bear market is over, why do you need a confirmation then?

There is a lot needed for the bear market to actually turn around, and the best way to move forward is to quickly start buying through the $7000 mark. And even then it's still not a sign that the bear market is over.

If traders continue to wait for the price to fall down lower in order to start buying, which means barely any new capital is buying up the circulating supply, we will face some difficult months.

Maybe that a few more Tether injections will form a trigger strong enough to push the price past $7000 in the coming weeks, but it's important to happen in order to not let traders dump their coins out of boredom.

[crzy]

Bitcoin recent price jump is indication the bear market is over and things will start moving in positive direction anytime soon.We need time to confirm if what the price increase was a bullish sign or fake out.

i hope it is. though i think this is only for temporary reason or a fake out as you said because as what i notice today , the price do still drop again.

the is still volatile and i think it will work this way until we reach the last quarter of the year.  I have a strong feeling that the price of all the cryptos can jump only on the month of december and it will fall again after we enter the year 2019.

We need a big confirmation if bear market is end already because the market is very volatile but the good thing is bitcoin is able to sustain above $6400 level, Hopefully it will continue. A lot of positive news right now and this can help the market pump. Its ok if this pump is fake because we can still have more opportunity to buy bitcoin at a cheaper price, no matter what the trend right now go for long.

[ultrloa]

Bitcoin recent price jump is indication the bear market is over and things will start moving in positive direction anytime soon.We need time to confirm if what the price increase was a bullish sign or fake out.

i hope it is. though i think this is only for temporary reason or a fake out as you said because as what i notice today , the price do still drop again.

the is still volatile and i think it will work this way until we reach the last quarter of the year.  I have a strong feeling that the price of all the cryptos can jump only on the month of december and it will fall again after we enter the year 2019.

We need a big confirmation if bear market is end already because the market is very volatile but the good thing is bitcoin is able to sustain above $6400 level, Hopefully it will continue. A lot of positive news happening right now and this can help the market pump. Its ok if this pump is fake because we can still have more opportunity to buy bitcoin at a cheaper price, no matter what the trend right now go for long.

There's a lot of news indeed but I don't see any bullish movement happening maybe we will pass this year with $6000 price mark. But I really don't think that there will be upcoming huge pump coming by this year since unlike last year we have halving news and many more unlike today where the news is just for short term fud with no proper supporting documentation and buy orders.

[sclmte]

Well, maybe there are more to come. July might be a good month for us in the crypto community. We hope to hear better news this month. Haooy mooning to all of us.

We never just loss our hope and still be positive, even though we don't see any huge pumps until year end but today's price is still considerable. We don't need to have a high price cause it only give us big losses when it goes down. It is better to stay at $6k-$8k and it give chances for small and newly investors to take participation.

[r32godzilla]

No.We could not term it as bullish trend as we are seeing many frequent ups and downs in the price.Just before two weeks,many of us termed that bearish trend has ended and big whales are trying to rebuy bitcoins and so price will move in bullish trend.But making every one surprise,its price ince again fell down.

[naidray]

I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.

Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?

Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?

Do not be so much deceived by any serious jump right now, and what kills a lot of new trader is over activity. At this stage of the market, it is better to always allow the market to develop than assuming anything. We are in a bear trend and being careful in a bear trend should always be the thing for most traders and investors, which is better to see a clear signal before entering a market at all. There is absolutely no clear signal right now as the case may be, even not with the quick jump.

[TianaStam]

Yes, the period of the price's jump is too short to start to tell about coming back of bull market, the raise should be constant during some longer period of time.

[CoinFoxs]

This pump was a normal pump bitcoin will stay at 6200$ to 7100$ for 2-3 months, price of bitcoin start increasing by the end of December and in the mid of January bitcoin will be at 10k$ min. And one thing more some analyst predict that price of bitcoin cross 25k$ this time by the end of 2018.

[bozo333]

This pump was a normal pump bitcoin will stay at 6200$ to 7100$ for 2-3 months, price of bitcoin start increasing by the end of December and in the mid of January bitcoin will be at 10k$ min. And one thing more some analyst predict that price of bitcoin cross 25k$ this time by the end of 2018.

Do you have any proof bitcoin will going to moon on end of December. This year many issues are occur in the market but this will raise in may month so we don't predict when it will going to moon. My prediction is August month this will raise gradually so I hope as soon as possible  Bitcoin will reach 10 USD and end of the year it will reach 20k USD.

[ACHANCE]

no one can stop bitcoin but some issue against this
once clear all the issue this will touch the sky

[Diablomania]

Well six days passed since that, and the price is still on that range - $6500 - $6800, so i think that it is not a bullish sign. Maybe we are going to go higher in the next few days but it does not mean anything after all. Let's wait aa little bit more until we can see what happens next.

[Greenkarki]

It’s a very good news and very happy to see the price of bitcoin growing. This raise should continue following days. If this happens then bitcoin will sky rocket again this year as well. I think this is not just a pump, it’s seems to be a recover. If you have bitcoin already just hold them and save it for future. Once the price of bitcoin goes high, then obviously you can sell them for a valuable reason when the value goes up.