Bitcoin price jump - Is this a bullish sign?

[BrewMaster]

price has been rising slowly for a couple of days now. it may not be a strong bullish sign but it is a good sign if you ask me. we are at $6700 at the moment and heading towards $7000.
i was afraid the FOMO buyers were going to wreck the market again by shooting the price up to $8000 but it seems like we are in a much better market state with so little weak hands. this means two things a slow rise and no more big drops.

[Gaaara]

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?

It is still too early to say. Earlier we saw bitcoin rising up to 6400 very quickly and dropped off again. It shows the market is still very unstable but I do hope it is going to keep pumping up this time.

100$ or 200$ increase or decrease in bitcoin price is always expected from bitcoin, it is right that it is too much early to say anything about bitcoin price. But still if it is a rally then it is a good news for the bitcoin investors, and hopeful that they will be very soon recover all their lost, because most of the investors are still holding their bitcoin specially those people who trade bitcoin above 15000$.

Yup it is indeed normal but when in a bearish market that is not, having a price jump like that with a continues fall is something investors are not expecting unless you're part of the them boosting bitcoin and getting its price go up over $300. I suppose it's not that easy to recover from that all time low but isn't 7 months not enough for a unstoppable recover?

[Kemarit]

If this inverse head and shoulders plays out we could be revisiting 8k. After that it is likely that we will continue the downtrend and make a new low (looking at 5400-5600) and bounce again.

I was looking at small baby steps here. Perhaps $7000K will be realistic before jumping to the range like $8000-$10,000. IF this trend continue then we might be seeing a start of a bull run. Its really a good sign because and just hope that this is not just a artificial pump otherwise we all know what's gonna happen next. As for the FOMO, this might be want they are looking for so some of them are already riding the hype train. But as @BrewMaster, said, we prefer a steady growth and I don't like them to wreck this solid increase that we are witnessing.

[jagdeepjd]

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?

Yes, there has been some positive sentiments in the market from last few days today it crossed 6700$ hopefully it can hold these position.

Bitcoin futures does seem to have some sort of effect on the price of bitcoin. as we see since the bitcoin futures were introduced the price of bitcoin has taken a toll.

[suzanne5223]

It might bullish sign If the FBI have finished conducting their investigation on 130 crypto currency, I will said you're currently experiencing a partial bullish market and it next week market status will make us know if the bullish is here to stay.

[STT]

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support.  Some bias to the upside seems fair here till proven otherwise.



Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by.   The blue line is momentum of this move since early April which we are above and is showing the rise

[Kylapoiss]

I'm guessing it's another beartrap, maybe a mini bullrun but it will be over soon and we will see lower lows. I'm still guessing it goes below 5k, somewhere 47xx-48xx is my guess. Isn't backed up by anything, just a thought from reading different TA articles etc.

[Ararbermas]

I'm guessing it's another beartrap, maybe a mini bullrun but it will be over soon and we will see lower lows. I'm still guessing it goes below 5k, somewhere 47xx-48xx is my guess. Isn't backed up by anything, just a thought from reading different TA articles etc.

of course because here in crypto market there is no permanent situation due to some cases, but as long there is a opportunity to obtain profits, i think much better to grab it immediately and be greedy. Instead of waiting for the market to become stable 'cause it's impossible to happen especially nowadays " the market is so volatile".

[gilangIDR]

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?

This is a good condition and for me that when it can become much more stable then it will make the bitcoin price becomes more robust and could be avoided from the next dumping. This must be maintained because then market conditions will continue to get a positive stigma.

[huhhuh18]

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.

[Aleh777]

The price of bitcoin starts to rise, from july starting itself the market starts to recover moderately. Now the price of bitcoin increases and the market is in green. After a long time ut would happen. Hope in upcoming days and months the market will show its growth. Dont sell the bitcoin now just hold it still market needs more growth. If possible buy bitcoin now and save it for future. It will be more useful in future to earn more money through bitcoin. By the end of this year we can expect the tremendous growth of bitcoin.

[Greenkarki]

Its a very good news and very happy to see the price of bitcoin starts to rise. This rise will continue in following days means the bitcoin will sky rocket again this year also. I think this is not just a pump, little by little the market starts to recover. So if you have bitcoin already just hold the bitcoin and save it for future. Once the price of bitcoin will be high you can sell and gain more profit. Till that you have to wait patience still the market completely recover.

[orions.belt19]

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support.  Some bias to the upside seems fair here till proven otherwise.



Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by.   The blue line is momentum of this move since early April which we are above and is showing the rise

It's possible that the price could reach about $7K or make a curve back down even if it has been going upward. With this bearish trend, the price may still go down before going bullish (which has been expected to happen by the end of the year) The recent rise may not be strong enough to indicate a bullish trend just yet. It's just a matter of resistance and support now, which could probably push down to as low as $4.5K to $5K? The pace is good for now as it's heading towards a slow and steady rise.

[harizen]

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?

If you want to considered that as a good sign then it's fine. We have different views after all.

But honestly, that price movement is just normal. Jumping to range of $3--+ isn't really surprising at all even coming from a bearish market. That is a usual price movement. You can also see some price increase action in just a matter of less than a hour so for a 24h interval, that is not surprising.

My suggestion, just go with the flow and watch carefully the price especially if you are planning something. No one knows if a certain trend will now come to end. Don't take away the chances that a dump will happened again, well as usual in bitcoin price movement.

[reinielle26]

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?

I think it is too early to be a bull run. If this is really it, then you are right maybe it will come sooner than we have expected. But if that contract things happens, we cant sell as we please. I think there is a possibility that the value will gets lower during the time to sell. Did I misunderstood how it works or what? 

[Soots]

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support.  Some bias to the upside seems fair here till proven otherwise.



Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by.   The blue line is momentum of this move since early April which we are above and is showing the rise

It's possible that the price could reach about $7K or make a curve back down even if it has been going upward. With this bearish trend, the price may still go down before going bullish (which has been expected to happen by the end of the year) The recent rise may not be strong enough to indicate a bullish trend just yet. It's just a matter of resistance and support now, which could probably push down to as low as $4.5K to $5K? The pace is good for now as it's heading towards a slow and steady rise.

The price will have to go down before going towards higher value. It may go up more than that price and hopefully we will be experiencing much better surprises, just like what had achieved last year's legacy of bitcoin. Some analysts might wonder it's controversial bubble speculations, but it provides profitable benefits to every people who've entrusted their future earnings with bitcoin. That steady rise is a signs of continuous rise of demand, and if this will be in demand we'll be expecting $19k towards the infinite value that we might be reaching of; it might be $20k or the predicted $60k.

[Oasisman]

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support.  Some bias to the upside seems fair here till proven otherwise.



Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by.   The blue line is momentum of this move since early April which we are above and is showing the rise

It's possible that the price could reach about $7K or make a curve back down even if it has been going upward. With this bearish trend, the price may still go down before going bullish (which has been expected to happen by the end of the year) The recent rise may not be strong enough to indicate a bullish trend just yet. It's just a matter of resistance and support now, which could probably push down to as low as $4.5K to $5K? The pace is good for now as it's heading towards a slow and steady rise.

The price will have to go down before going towards higher value. It may go up more than that price and hopefully we will be experiencing much better surprises, just like what had achieved last year's legacy of bitcoin. Some analysts might wonder it's controversial bubble speculations, but it provides profitable benefits to every people who've entrusted their future earnings with bitcoin. That steady rise is a signs of continuous rise of demand, and if this will be in demand we'll be expecting $19k towards the infinite value that we might be reaching of; it might be $20k or the predicted $60k.

Everyone is looking forward for the bull to come in the market.
Before we consider this as a sign of a bullish run, lets take a watch the market for a week first, and when there's a continued progress, then it must be the end of the bearish run.
Some market analysts said this is just a dead-cat-bounce. A temporary pump after the bearish run with a continued downtrend. I hope not.

[Chachacoin17]

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support.  Some bias to the upside seems fair here till proven otherwise.



Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by.   The blue line is momentum of this move since early April which we are above and is showing the rise

It's possible that the price could reach about $7K or make a curve back down even if it has been going upward. With this bearish trend, the price may still go down before going bullish (which has been expected to happen by the end of the year) The recent rise may not be strong enough to indicate a bullish trend just yet. It's just a matter of resistance and support now, which could probably push down to as low as $4.5K to $5K? The pace is good for now as it's heading towards a slow and steady rise.

The price will have to go down before going towards higher value. It may go up more than that price and hopefully we will be experiencing much better surprises, just like what had achieved last year's legacy of bitcoin. Some analysts might wonder it's controversial bubble speculations, but it provides profitable benefits to every people who've entrusted their future earnings with bitcoin. That steady rise is a signs of continuous rise of demand, and if this will be in demand we'll be expecting $19k towards the infinite value that we might be reaching of; it might be $20k or the predicted $60k.

Everyone is looking forward for the bull to come in the market.
Before we consider this as a sign of a bullish run, lets take a watch the market for a week first, and when there's a continued progress, then it must be the end of the bearish run.
Some market analysts said this is just a dead-cat-bounce. A temporary pump after the bearish run with a continued downtrend. I hope not.

Just sit and relax because we might be seeing it soon that we'll be experiencing the great price increase of bitcoin. Hopefully bearish market will be just a part of bitcoin correction before hitting up the profitable market value. Temporary pumps may attract mote traders to hold, and I am very confident that this current challenges that we're facing right now will be our greatest strong hold despite of the unpredicatable fluctuations that we've got.

[coinplus]

Lol.bullish? Last april btc jumped 1k usd in a matter of an hour yet that by far isn't a bullish indication. We even went to an all time low for 2018 after that. And i think we're back to 6.5k so not bullish at all

At this stage, anyone who is even smart should be careful of any quick pump in price which could end up being a dead cat bounce. There is nothing bullish about this market even in the short term at least for now. We are still bearish in a huge way and the bulls are not even considering yet if they should be entering the market or not at any point in time now. There is still a huge chance for the market to go lower anytime soon, but I am looking forward to seeing the price action on $5k.

[siagh357]

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.