Please share your prediction about this recent pause of growth rate !!

[Kurokyy]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

I believe that the market price will grow even more in the next few months because most of the cryptocurrency analyst are expecting for the price of bitcoins to reach $50k dollars since there are more countries today that has been legalized to invest.

[luckybtccasino.com]

It will continue bullish, and there are no doubts about that. but yes, it was more than scary to see bitcoin going up by more than 10% in a single day, but it was awesome
i am sure that it will be touching more than ten thousand dollars at the EOY.

[exstasie]

I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.

Regarding the bigger picture, I think this is still a range market. I don't see any new all-time highs coming for quite a while.

There's that mode resistance, mid-$8,000s. I hope y'all weren't too greedy buying the top.


Not saying the bull trap is over yet. But it could be, and this was definitely an optimal profit-taking level. Time to see where support lies. I'd like to see $7,200-$7,500 tested and support to hold. Then maybe I can re-accumulate longs.

[exstasie]

I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.

There's that mode resistance, mid-$8,000s. I hope y'all weren't too greedy buying the top.

I like what I see. Local dead cat bounce has broken down, new lows below $8,000. I really like that zone of prior consolidation in the $7,000s:



It's interesting to see fomo in stocks today (which Masterluc takes as a positive sign for BTC), but to see BTC taking the piss here. I'm of the mindset that a "risk-on" mindset in the larger markets is a positive thing for BTC price. I have some trader friends who are getting pretty bearish on the stock market, so I'm waiting breath bated to see how things shake out.

[Slow death]

do you believe guys on this circumstance BTC will continue to bullish or not?

The crypto market moves according to negative news or positive news, we currently have ETFs that somehow are re-rating the optmism that people had in the past, that's a good thing at least for now, but the biggest problem will be if the ETFs are not approved, because there is nothing else that creates some optimism in people, at least for this year I just see the ETF. that means we can go up a lot or we can fall a lot in the next few months
  

because most of the cryptocurrency analyst are expecting for the price of bitcoins to reach $50k dollars since there are more countries today that has been legalized to invest.

these analyst do not hit anything, do not believe them

[batang_bitcoin]

but the biggest problem will be if the ETFs are not approved, because there is nothing else that creates some optimism in people, at least for this year I just see the ETF. that means we can go up a lot or we can fall a lot in the next few months

I'm following CNBC crypto on their social media page and they have been broadcasting that the ETF has been rejected and probably this is the cause of the said down for this moment.

It was the Winklevoss twin's appeal of ETF.

[LuciferEveningStar]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

The market price is depending on supply and demand so obviously, the price will drop if people will sell their coins, volatility is nature of the market so always hold your coins every time the prices are dropping.

[zakariajaki]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

my current information bitcoin is on adjustment to some new altcoin growing conditions and also being in legality in every country in the world whether crypto is part of a legitimate tool or simply using world technology and local government economics will actually be doing so from the results of reference about crypto is certainly the mother of altcoin is a bitcoin is certainly bitcoin will be the watchful observations and experts of economic policy in the country from the price of bitcoin itself, bitcoin proce 7k-10k till this year may be useful and successful for all of us

[ajqjjj]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

The market price is depending on supply and demand so obviously, the price will drop if people will sell their coins, volatility is nature of the market so always hold your coins every time the prices are dropping.

You are right, But peoples are sell the Bitcoin it take some time and they buy some altcoin. So Bitcoin is need for the crypto investment and peoples are not panic selling continuously this will raise gradually some investors are selling the few coins then buy it for dip. The crypto pump and dump is depends on whales and Bitcoin adoption so some positive results are comes in market all the coins will raise gradually and any issues are created in market totally down in market.

[1Referee]

I'm following CNBC crypto on their social media page and they have been broadcasting that the ETF has been rejected and probably this is the cause of the said down for this moment.

It was the Winklevoss twin's appeal of ETF.

Not sure why it took so long for the SEC to come up with a decision (remember, they have granted them a review a long time ago), but that ETF had no chance to be approved, so if the price has gone down because of that, it just shows how stupid the market is. The same goes up for the other ETF's that the SEC delayed; instead of delaying them and wasting everyone's precious time, reject them. They want to make it seem like they are really looking into them but that's not really the case in reality. They know beforehand which ETF will be rejected and which not.

The only reason next month's ETF has better odds of approval, is because of how CBOE is somewhat backing it, and without this backing, your ETF will get rejected.

[arpon11]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

By now we have seen that thing has changed and we are now seeing little recovery around $7945. I think bitcoin is more of the bullish trend than the bearish trend and that called for buying now.  Bitcoin has makes significant progress since last week in the build up to August 11.

[NoviceInvestor]

There have been a number of bull runs in 2018, but they appear to be becoming slower and reach lower peaks.

I suspect that this is just yet another such bull run, and that the price will soon be back down to the $6000s.

But, I have no strong backing for this claim. I'm just predicting based on recent past behaviour.

[carlisle1]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

It wasn't bullish but a simple pump because of the upcoming ETF that has been postponed and adjusted to different date,so i guess this is the reason of price dropping now,so the answer to your questioj is no,this ain't bullish

There have been a number of bull runs in 2018, but they appear to be becoming slower and reach lower peaks.

I suspect that this is just yet another such bull run, and that the price will soon be back down to the $6000s.

But, I have no strong backing for this claim. I'm just predicting based on recent past behaviour.

You cant never call bull run if the only price increasing is bitcoin and not the rest of the alternative coins,this is only a normal pump

[Mhd-Bobbi]

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

My prediction, the pump will start in August.
and the peak is at the end of the year is December, many are optimistic about this. me too.
and I will pass it on to you.

Yes, my guess is also like that. Pumps will start in August to December. Because many predict will rise. And I see that his movement is starting to increase.

[rickadone]

I think it is a great news for all of so we can have some breathing room yet it is not entirely enough. We need bitcoin to stay up for a while and we need more money get into the altcoins. Because altcoin prices are still tied up with bitcoins for having some value on its own hence one stable price will heavily impact other.

Unless it stays up a bit more, at least until altcoins rise as well, than we can't call this a growth, its just correction. If bitcoin stays up or keeps going up than we can talk about how it is going on a bull run, until that happens lets wait and test the waters before we get excited.

[richardsNY]

Pumps will start in August to December. Because many predict will rise.

How do you know that? It might very well be that we're going to stay below $10,000 for the rest of the year. I find $10,000 to be a great level and it directly shows how much growth we have gone through. Even current levels are indicating that we have grown a lot. $800 last year and $8000 right now. There isn't much more than this that we can ask for. The higher we go up the more capital that needs to flow in just to keep the price at $8000 which is something not many people think about. People here focus on bull runs without knowing what's needed to get a bull to start -- the more people expect a bull run the less likely it is to happen.

[exstasie]

I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.

There's that mode resistance, mid-$8,000s. I hope y'all weren't too greedy buying the top.


Not saying the bull trap is over yet. But it could be, and this was definitely an optimal profit-taking level. Time to see where support lies. I'd like to see $7,200-$7,500 tested and support to hold. Then maybe I can re-accumulate longs.

Okay, so we're dipping into the aforementioned $7,200-$7,500 area. We've got the 20-day MA here, often an important level. And we've also got an area of prior consolidation, tested in both directions:


I avoid catching falling knives; the downside momentum is too strong for me to do anything here. But I'm on the lookout for a potential base to long from.

[exstasie]

I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.

There's that mode resistance, mid-$8,000s. I hope y'all weren't too greedy buying the top.


Not saying the bull trap is over yet. But it could be, and this was definitely an optimal profit-taking level. Time to see where support lies. I'd like to see $7,200-$7,500 tested and support to hold. Then maybe I can re-accumulate longs.

Okay, so we're dipping into the aforementioned $7,200-$7,500 area. We've got the 20-day MA here, often an important level. And we've also got an area of prior consolidation, tested in both directions:


I avoid catching falling knives; the downside momentum is too strong for me to do anything here. But I'm on the lookout for a potential base to long from.

Bear flagging in the $6,900s. This is not what I was hoping to see. And it's also why I don't catch falling knives. People who do that get stabbed in the neck more often than not.

Short term (1-hour chart), the last two attempts at new lows were bought, and there's a potential tweezer bottom on the 12-hour chart, so this could be a local bottom. I'm not getting my hopes up too much though. Falling through the last bull flag the way we did? That's not bull market behavior.