Will this BTC price hold and does it indicate bull market yet?

[jakagintiri]

It is true that bitcoin movements slowly rise again, perhaps still a recovery stage in everyone who uses them again to develop it to buy more, and takes quite a long time.
Given the market price of bitcoin increases every month, it could be an increase again.

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[rajurathod18]

The Market looks volatile due to binance incident and market correction this indicates we will gonna see again bearish trend for 2 to 3 week, due to this volatile market and bearish trend bitcoin will remain sideways between 8000$ to 12000$ until 2 to 3 weeks. Its better to HODL better Bitcoin till the end of this month and hopefully we will see some bullish trend and bitcoin price recovery.

[Inkdatar]

Price will fluctuates a while because of so many issues and news these days. We suffer of bearish trends but hopefully it will not take long again. With this price hold we may see maybe a bullish market this nearing months.

[GREATLOVE]

For the longest time we were waiting to see if the price would break $11,600 and stay above to indicate we're moving upward. Now we are testing this bear trend line and if we can break through and remain above it then I believe we would be entering into the new bull market. What do you think, will we continue up and to the right? Or will there still be some price fluctuation for a while as the accumulation phase takes it time to gather more fuel for the next run up?

As of this moment I am still thinking about the situation of bitcoin it is unstable very very unstable because from 11k usd to 9k usd again this  time. This is the reason why many of us already doubted bitcoin if it has the potential to recover again. Especially those who buy btc from 20k usd this is now very hurtful for them.

[Lancusters]

For the longest time we were waiting to see if the price would break $11,600 and stay above to indicate we're moving upward. Now we are testing this bear trend line and if we can break through and remain above it then I believe we would be entering into the new bull market. What do you think, will we continue up and to the right? Or will there still be some price fluctuation for a while as the accumulation phase takes it time to gather more fuel for the next run up?

As of this moment I am still thinking about the situation of bitcoin it is unstable very very unstable because from 11k usd to 9k usd again this  time. This is the reason why many of us already doubted bitcoin if it has the potential to recover again. Especially those who buy btc from 20k usd this is now very hurtful for them.

I have no doubt that the price of bitcoin will be higher than $ 20,000 this year. Bitcoin has always attracted fans of easy money. They are the first to suffer at such moments. Experienced traders buy coins from them and then sell them more expensive. Bitcoin is a good currency but you should always be prepared to freeze your assets and not lose money during a price drop.

[krauzzer02]

Bitcoin is range trading on very thin volume. There is no big news to force it back into a bull phase. Perhaps a bloodbath in the stock market later this year when interest rates rise might do it - but for the moment, we appear to be stuck.

blood bath will always happen in the unpredictable market of the crypto cause this week it dumps from 11k to 9k USD, but the price decrease is so much from its former price of 20k USD even most of the altcoins took its consequences of the bitcoins decline to its price, hoping that this crash will end and the price surge will meet its peak of rocket again.

Let me peek into my crystal ball and tell you what my charts predict for the weather....

what did you saw from your crystal ball of prediction? let me check coinmarketcap.com my crystal ball for the present crypto pricing with the help of my computer and internet.

[Minnie1928]

Bitcoin is range trading on very thin volume. There is no big news to force it back into a bull phase. Perhaps a bloodbath in the stock market later this year when interest rates rise might do it - but for the moment, we appear to be stuck.

Stuck is the proper word. We ain't seeing any improvement or the movement in the market and Bitcoin seems to be circulating through the same values for the last 2 months. I am certain that it will get higher when the market enters red phase.
Like you said, we will have to wait for that moment and hold onto our Bitcoins because they will prove to be very valuable in some time.
We must be patient and trade with another portfolio.
Bitcoin hodlings must be left alone in the wallet. It will rise again to the 20000 if not this year as the start of the next for sure.

[pharaon]

For the longest time we were waiting to see if the price would break $11,600 and stay above to indicate we're moving upward. Now we are testing this bear trend line and if we can break through and remain above it then I believe we would be entering into the new bull market. What do you think, will we continue up and to the right? Or will there still be some price fluctuation for a while as the accumulation phase takes it time to gather more fuel for the next run up?

I do not understand what kind of fuel is involved (I assume cash), but the market depends on many factors, and as we see one person with a huge amount of bitcoin can bring down the whole market.