Bitcoin in Bullish Mode After ‘Tax Day’

[exstasie]

Well that day has passed and there wasn't any real change, of course it would be foolish to expect it to happen all at once.

The change happened 1-2 weeks ago. But people always need to find a narrative.

The altcoin markets are looking very healthy, green across the board today. I'm seeing Wyckoff springs all over the place. Me when I look at my bags today:

That's really good news for BTC. It means money is flowing into alts rather than into fiat. If nothing more, the stars are aligning for one hell of a bull trap over the next couple months.

[poplolnman]

Well that day has passed and there wasn't any real change, of course it would be foolish to expect it to happen all at once.

The change happened 1-2 weeks ago. But people always need to find a narrative.

The altcoin markets are looking very healthy, green across the board today. I'm seeing Wyckoff springs all over the place. Me when I look at my bags today:

That's really good news for BTC. It means money is flowing into alts rather than into fiat. If nothing more, the stars are aligning for one hell of a bull trap over the next couple months.

It's not surprising when people looking for an excuse then start picking a random news related to the current situation blame it and spread it as a thought .
The bull happened just like that ordinarily , don't need that kind excuse to get connected each other. Another 5% grow in the next week and I'll consider it as a real bullish.

[Sony.UK]

‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum.
What do you think about it?

U.S government is not supporting to Bitcoin so we don't consider the U.S country because this country is against in Bitcoin. Recently many social medias are banned in ICO advertising but all the social medias are US related sites. I think US country is totally avoiding the Cryptocurrency so we don't consider the United states in Crypto platform.

[malikusama]

I haven’t seen any change in bitcoin price after tax day and i believe that it has nothing to do with bitcoin price.
However there was remarkable change in Bitcoin Cash price and it seems that manipulators are trying to pump bitcoin cash to seek attention of other investors.

[audaciousbeing]

‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum.
What do you think about it?

You see all of this attachment of bitcoin price to certain events in certain countries are mere speculations and if it happen as predicted, then its just mere coincidence and not the determining factor. I have read some where on the forum and even made comment where a certain individual had predicted in the days to April 17 that the price of the entire crypto is expected to fall further because of the tax day as lot of people will be selling their cyptos in other to meet their various obligations. I argued against it and its happening now that instead of price to have fallen as predicted, its the reverse and I am now seeing another one again making assumption that tax day is causing the price to increase.

[shoreno]

I haven’t seen any change in bitcoin price after tax day and i believe that it has nothing to do with bitcoin price.
However there was remarkable change in Bitcoin Cash price and it seems that manipulators are trying to pump bitcoin cash to seek attention of other investors.

bitcoin is always changing from time to time , not just after the tax day or any other special day. Bitcoin cant be taxed either because bitcoin is not covered by the governments or banks and as far as i know , local curencies or fiat money are the only one medium that can be able to get charged by a tax as they are being regulated . Bitcoin cash could possibly be manipulated because it also happend before on which bitcoincash price has jumped thru the roof unexpectedly.

[BlockEye]

‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum.
What do you think about it?

U.S government is not supporting to Bitcoin so we don't consider the U.S country because this country is against in Bitcoin. Recently many social medias are banned in ICO advertising but all the social medias are US related sites. I think US country is totally avoiding the Cryptocurrency so we don't consider the United states in Crypto platform.

America is too strict in making their investors invest, I'm not yet sure but there are some regulations that there are only accredited investment or maybe qualifications that can make a US Citizen do investment even not in crypto, so if those accredited users will put effort in crypto they might put a big amount,so it still depends, but since the market is recovering from last dips then we can still increase in days ahead.

[myhoho]

"Tax Day" didn't affected to prices. there is less valotility for few days. This is really interesting cause we are experiencing most stable price days ever.
For a week bitcoin price is around 7500-8200$ range and this is so annoying.

[Kiweikoo]

‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum.
What do you think about it?

Before starting into this business beside the important principals we must learn about the factors that affect the Bitcoin and its value. Tax has nothing to do with Bitcoin even if you look into the nature of Bitcoin; it is designed to finish these stuffs like taxes. But some people are still assuming the affect between these two. Actually they are wrong and you can use you brain to monitor the market its value is in between 7900 dollars and 8300 dollars. No affect on Bitcoin.

[gabmen]

‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum.
What do you think about it?

U.S government is not supporting to Bitcoin so we don't consider the U.S country because this country is against in Bitcoin. Recently many social medias are banned in ICO advertising but all the social medias are US related sites. I think US country is totally avoiding the Cryptocurrency so we don't consider the United states in Crypto platform.

America is too strict in making their investors invest, I'm not yet sure but there are some regulations that there are only accredited investment or maybe qualifications that can make a US Citizen do investment even not in crypto, so if those accredited users will put effort in crypto they might put a big amount,so it still depends, but since the market is recovering from last dips then we can still increase in days ahead.

Well private institutions are the ones cracking down in crypto. The us government hasn't really issued any bans or the like and doesn't have any negative announcements against it. And i eouldn't really say it's bullish since btc has moved pretty much sideways around it's current value.

[el kaka22]

We already had a huge pump before then, the market already showed a strong signal of trend changing, most especially for alts before then, so whatever we are having now is just some normal market movement based on how the market is being perceived globally, but I wonder why people will want to attribute that always to what is happening in a specific country.

What is going on with bitcoin actually does not have anything to do with tax day of USA. It is going to be one week after that most awaited tax day but bitcoin market is still struggling under $9000 levels. People sentiment on tax day must have driven bitcoin prices up to this level then why not to $10k and $10k in coming weeks. Lets stay optimistic and Lets enjoy the bull's ride.

[richardsNY]

What is going on with bitcoin actually does not have anything to do with tax day of USA. It is going to be one week after that most awaited tax day but bitcoin market is still struggling under $9000 levels. People sentiment on tax day must have driven bitcoin prices up to this level then why not to $10k and $10k in coming weeks. Lets stay optimistic and Lets enjoy the bull's ride.

You can't just rule out certain events like they haven't or aren't positively influencing the market. If enough people believe in something, then it happens. We aren't seeing a massive swing to the upper side because smart money entered the market at lower levels, and just patiently wait for the next ride. Now with how the market is going up, less smart money is now pulling the trigger due to the increased confidence. On top of that, what justifies the price to actually shoot up to $10,000 levels? I am actually glad that we aren't increasing unnecessarily, because it shouldn't be anything new anymore when it comes to knowing what happens with unfunded peaks -- they mostly all reset back to levels they started.

[icecube45]

what I think about the tax day in the US will raise (bullish) bitcoin prices is a more or less yes, it affects bitcoin as you explain. basically the factors that affect the bitcoin price up or down are the demand and supply on the market, news, traders, etc .which affects most bitcoin prices is news because news will make people know about good or bad bitcoin.

[MintCondition]

what I think about the tax day in the US will raise (bullish) bitcoin prices is a more or less yes, it affects bitcoin as you explain. basically the factors that affect the bitcoin price up or down are the demand and supply on the market, news, traders, etc .which affects most bitcoin prices is news because news will make people know about good or bad bitcoin.

It does not affect BTC , I think it just recovered now from dips since no more FUDS out if it affects the price then it might not be a slow move on price. Anyway as long as its progress and many still aims for it to break the $9k mark, it just needs to be resistant to the news that may come along.

[STT]

What is going on with bitcoin actually does not have anything to do with tax day of USA. It is going to be one week after that most awaited tax day but bitcoin market is still struggling under $9000 levels. People sentiment on tax day must have driven bitcoin prices up to this level then why not to $10k and $10k in coming weeks. Lets stay optimistic and Lets enjoy the bull's ride.

The tax story made most sense because its an event bringing sellers together.   Not that I think that its long term bearish but it creates liquidity in the order book, it lowers the price by producing more offers at any price.  Naturally more offers then bids lowers the price some.

The reason it might be more noticable this year is the bigger gains then normal since last April.    Of course this is just a local effect, temporary and thats why it was a decent to buy into.   Its never just one reason, theres technical points on the graph that were outlined also.   Many different points varying around the globe but I think the tax was part of it.  Unfortunately, I dont tax should be payable on simple currency but sadly government has plenty bills to pay.

[Whosdaddy]

I haven’t seen any change in bitcoin price after tax day and i believe that it has nothing to do with bitcoin price.
However there was remarkable change in Bitcoin Cash price and it seems that manipulators are trying to pump bitcoin cash to seek attention of other investors.

bitcoin is always changing from time to time , not just after the tax day or any other special day. Bitcoin cant be taxed either because bitcoin is not covered by the governments or banks and as far as i know , local curencies or fiat money are the only one medium that can be able to get charged by a tax as they are being regulated . Bitcoin cash could possibly be manipulated because it also happend before on which bitcoincash price has jumped thru the roof unexpectedly.

It is not new that some would actually want to find something to justify the movement in bitcoin even when they know specifically that all they have said does not add up. The market is moving at its own time, and obviously from how the market already responded even before the tax day, I guess it was glaring that the tax day does not have anything to do with it.

So far, it seems the market is really trying to have some good run, so let's see how that plays out. I believe this bull run may extend up to new ATH but in more progressive way rather than what we had in last November. Slow and steady progress to $20k levels may lead to $50k levels in coming months.

[doycku]

what I think about the tax day in the US will raise (bullish) bitcoin prices is a more or less yes, it affects bitcoin as you explain. basically the factors that affect the bitcoin price up or down are the demand and supply on the market, news, traders, etc .which affects most bitcoin prices is news because news will make people know about good or bad bitcoin.

I do not know How day is but catching Hades for the overall situation in the US, but in other countries Bitcoin is not included in the tax returns. This is due to the fact that in some countries there is no legislative basis for the crypto currency.