[2016-08-17] Is the Bitcoin Price in for a Massive Bull Run?

[CrimBit]

Bitcoin has likely found a comfortable place to reside for the time being. All that climbing and falling is sure to take a toll on one’s energy, and bitcoin is no exception. After nearly two weeks, the price seems to be shifting only slightly within the range of $580 and $590.

One source explains that bitcoin is now competing against the U.S. dollar, which seems to be doing better in the value department. The platform states:

    “US equities ended in the green once more, renewing demand for the dollar versus other assets such as bitcoin. Economic reports from the US have been surpassing expectation these days, keeping hopes up for a Fed interest rate hike in September or December… If the actual readings beat expectations, the US dollar could gain more traction in its climb.”


http://bitcoinist.net/bitcoin-price-massive-bull-run/

[1715130980]

1715130980

[1Referee]

No. At this point there is no reason for a "massive" bull run to happen. The demand is low, selling pressure on the market is high, sentiment is neutral, etc. All this is reason enough for the price to keep moving as it does right now. I am fairly sure we'll see the price settle above $600 before the end of this year, but other than that I don't expect fireworks anymore this year.

[Karartma1]

Wait after the summer's gone. Accumulate now. You won't regret it
If signals of a new financial crisis are true nothing will stop this thing to go over the Moon.