BTC is green today!

[worle1bm]

No one knows but Capitalization of Bitcoin at the moment is extremely high. Bitcoin has undergone 10 crashes in 15 months and price is still $ 7400 as of now and getting more stable with increasing merchant adoption and technology development. A bubble can inflate even more, but in any case, rather, it will collapse in price than it will grow. What could be the reason for this sudden crypto market pumping?

The market seems to be healthy once again as graphs line are turning to green but it might not be right pump but only a pump and dump situation created by whales to get profits.So we have to wait for some time to clearly get the idea of true position. The prices are above $7200 at current so hope its grow fast and we get our expected returns.

[socks435]

No one knows but Capitalization of Bitcoin at the moment is extremely high. Bitcoin has undergone 10 crashes in 15 months and price is still $ 7400 as of now and getting more stable with increasing merchant adoption and technology development. A bubble can inflate even more, but in any case, rather, it will collapse in price than it will grow. What could be the reason for this sudden crypto market pumping?

The market seems to be healthy once again as graphs line are turning to green but it might not be right pump but only a pump and dump situation created by whales to get profits.So we have to wait for some time to clearly get the idea of true position. The prices are above $7200 at current so hope its grow fast and we get our expected returns.

There are still many traders is selling their holding with the current price but since the bull market start well the price will be stable around $7k and I think this is a start to see the $10k value again.
The market cap was increasing higher in few hours I was checking the movement just few hours ago and the movement is instant so I think there is a big investors who buy huge amount of bitcoin that is why the price increases.

[favelle75]

I hope red days came to the end. Market is really crazy now and green candles still growing.
I hope this will continue until the year and we will hit over 30k for bitcoin and over 2k for ethereum.

[BigBos]

I hope red days came to the end. Market is really crazy now and green candles still growing.
I hope this will continue until the year and we will hit over 30k for bitcoin and over 2k for ethereum.

it's nice to see a green market like this. well, if this keeps happening. I am also tired of seeing the prices continue to be red, and I also hope that it too soon ends. well, but, for now the bitcoin price keeps increasing, I hope the price keeps getting higher.

[miyaka26]

Wait? 10 crashes in 15 months and the price is still $7400 it got crash down to 5900 and fewer that's not the bottom and it did not get stabilized to that point of the price it may still go down to the fact that we are talking about cryptocurrency where anything can happen in a day or less, good thing it goes up these days and we are hoping that it will be back to 10k someday.

[Farma]

this is an opportunity to sell some of the bitcoin we have. perhaps for those who have had bitcoin since the price is below the $ 6500 price will earn considerable profits at this time. hoping the price could be $ 8k.

[magneto]

There are two main reasons, in my opinion.

Firstly, the $6k support held up well despite the bearish sentiments, which prompted this rebound in the markets. I don't think that this will be the absolute bottom of this bear market, however, because there is no momentum right now to say that we're heading into completely bullish territory.

Secondly, Blackrock seems to be interested in entering the bitcoin sphere. I really doubt that it's going to have a long lasting effect on the crypto market, but the market certainly responded strongly to it.

To me, I think that this is most likely just going to be a short term rebound instead of a major trend reversal. The bear market doesn't seem to be over yet. Though, I'd definitely suggest for investors with spare funds to start buying on a regular basis regardless of the price, as we are very close to the bottom if not already there, and prices are extremely low even after this small pump.

[alex M]

I hope red days came to the end. Market is really crazy now and green candles still growing.
I hope this will continue until the year and we will hit over 30k for bitcoin and over 2k for ethereum.

it's nice to see a green market like this. well, if this keeps happening. I am also tired of seeing the prices continue to be red, and I also hope that it too soon ends. well, but, for now the bitcoin price keeps increasing, I hope the price keeps getting higher.

Its a good timing and opportunity to buy bitcoin for now since the price still below 8K$. When the market is on green, there's a chance that it will go further or higher as we all expect. As of this moment, bitcoin price is increasing and hit 7.2K$. Hope it will continue to rise until this year ends.

[Kemarit]

There are two main reasons, in my opinion.

Firstly, the $6k support held up well despite the bearish sentiments, which prompted this rebound in the markets. I don't think that this will be the absolute bottom of this bear market, however, because there is no momentum right now to say that we're heading into completely bullish territory.

Secondly, Blackrock seems to be interested in entering the bitcoin sphere. I really doubt that it's going to have a long lasting effect on the crypto market, but the market certainly responded strongly to it.

To me, I think that this is most likely just going to be a short term rebound instead of a major trend reversal. The bear market doesn't seem to be over yet. Though, I'd definitely suggest for investors with spare funds to start buying on a regular basis regardless of the price, as we are very close to the bottom if not already there, and prices are extremely low even after this small pump.

Yes, the BlackRock news some really impacted the price in the last 2 days. More than $1000 does really bring some sigh of relieved in the already struggling market. So we can attribute the last big uptrend on that news, but you are probably right that it might just be short term reversal as there are conflicting reports about Fed Chairman's Powell declaration on crypto.

(https://www.cnbc.com/2018/07/18/fed-chairman-rips-into-cryptocurrencies-cites-big-risk-to-investors.html)

(https://bcfocus.com/news/cryptocurrencies-arent-a-big-enough-threat-says-federal-reserve-chairman-jerome-powell/18777/)

I think we need to be very careful of every news going on. We need to read between the lines and make our own judgement. So let's see how it pans out in the next couple of days if the price will continue to shoot up.

[Ceballos]

I think bitcoin prices are preparing for 10 agust decision.
But rumors are good so bitcoin started green candles and still holding above 7000 usd.
7000 usd is an important point for now if we hold above this indicates us a long uptrend.

[stelee68]

Everybody loves a long green candles, in crypto world 

I wish for everyday green candles and may all the hodlers of btc rejoice!

[neonshium]

No one knows but Capitalization of Bitcoin at the moment is extremely high. Bitcoin has undergone 10 crashes in 15 months and price is still $ 7400 as of now and getting more stable with increasing merchant adoption and technology development. A bubble can inflate even more, but in any case, rather, it will collapse in price than it will grow. What could be the reason for this sudden crypto market pumping?

The technology is simply amazing and the market is green today. Actually we have a jump of more than $700 in the values of Bitcoin and if this went on, we might very soon reach the boom.

This is good news for everyone who owns a Bitcoin for this creates the spirit of optimism and makes you passionate about the returns the technology promises. Having said that, a wise mind would go for some further investment for it will bears high margins of profit in future.

[mamesso]

everyone is happy with the bitcoin rises, not with me.
I hold alt coin and this ari I have to add my patience. expect bitcoin to rise slowly and then stabilize later this year.
give the chance for alt coin to grow and not die.