RECENT BITCOIN BULL RUN GOOD BAD OR UGLY

[erickkyut]

I think the price correction just ended. We are now waiting for the big boys to penetrate the crypto industry. I hope that the big investors will start investing after the ghost month. History always repeats itself. Bitcoin and altcoins might reach all time high again this December.

[bitfocus]

for long term holders it actually means nothing, but good thing is, Bitcoin crossed $7K mark.

[Al-e_x]

but at least bullish today's could give little profit to traders and investors, even this is a big hope that bitcoin still alive and able to retain its value.

it does not matter if bitcoin does not reach 20K this year. but I hope in the next year bitcoin will reach 50K.

[criptogenious]

I saw that the price is increasing for couple of days. I think it is this is going to be a bull and the price will rise really high this time. I hope people are investing more this to get benifitted in future.

[Pursuer]

for long term holders it actually means nothing, but good thing is, Bitcoin crossed $7K mark.

you don't just buy bitcoin once in your life and be done with it! majority of people invest a part of their income in bitcoin. for example you earn $500 per month and invest $50 of it in bitcoin. in  which case rises like this means a lot be cause now you can buy 10% less bitcoin than you could buy before.

[btc_angela]

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

Since days have past, it looks like the bull run that we've expecting this occur, but the good thing is that is currently holding and perhaps just consolidating for a run at $8K mark. So we can't even say that its short lived as well. So for me, this is a good indication (price strong hold above $7K), that we might see another price run at $8K and then let's see how it goes. We can't really judge it today because the price is very unpredictable and only time can tell.

[stelee68]

IMHO, the last few days BTC price went up abit is just an indication of impending (real) bull run all the way till end of the year.

We should see a bigger increase in BTC price towards the beginning of August, because of upcoming 1st Aug SEC announcement.

[lablab03]

for the past few days I am also very happy with the rising bitcoin prices, and I think bitcoin prices will only experience a short rise and will soon return to low prices again.

 i know we are all happy about that sudden rise and unfortunately we become  frustrated on it again due to some results , but in my opinion we should not give up on this kind of situation and must keep it up because honestly this is always happened and we all knows after, it always stabilize and climbing again to the previous ATH. So no need to worry if it will plunges again keep holding and keep believing as well we will become successful on this new journey of bitcoin.  

[SummerBliss]

It can be a possible bull trap. There is no clear proof of an organic growth. This all growth is bot manipulated and I doubt that it can sustain before another dump. But this definitely has created a positivity in the community after such a prolonged bear phase. I definitely expect a proper price growth in coming months but this price appreciation isn't any signal at all.

[ajqjjj]

Recently world cup was ended so again many gamblers are invested in Bitcoin and altcoin. This is the good news for all the holders but some peoples are panic because again they are all left in this investment it will move to downward. So this is right time to invest on Bitcoin because this bull run will continue in future but some fluctuation also possible so trusted investors are earn profit.

[gabmen]

That's by far not a bull run dude. It's only jumped a few hundred bucks. Though it gave a positive sign for a market recovery, this is the kind of run that we have to be extra careful since it may very well be a besr trap. It's good definitely to have this kind of movement after a long time but we can't get carried away

[taylorsara]

Yes the market has already recovered much and is continuously growing. I think the price will reach a new peak by the end of this year. Now, if is tough to predict if this peak price be short lived or not. But I am hopeful that the high price will sustain for long.

[btc-facebook]

Depend on how much do you play.
If you're bitcoin early adopter, it means that you've more than 1 btc, of course you can feel significant amount ( 10% )
Personally I'm still act as investor where I try to keep hold it as long as possible !

[Hannahanto]

This is not actually a bull run, just price started to increase slightly. So we can make this opportunity to buy more bitcoins and hold it for future. This pump is good only, hope it will continue. But at the same time fluctuations are also happens. Real bull run may starts after august, till that the pump occurs very slowly.  We cannot predict the market so if you have already bitcoin just hold the bitcoin for long time then only the profit will be more.

[shayshaylaboogie]

A new bullrun?It has not happened yet, so better to spread other stuff in here, it is more than obvious that this was not a bullrun, it was just a little increase from $6200 to more than $7500, but it wasn't a bullrun, do you know what bullrun means?

[AngelSky]

I think the price correction just ended. We are now waiting for the big boys to penetrate the crypto industry. I hope that the big investors will start investing after the ghost month. History always repeats itself. Bitcoin and altcoins might reach all time high again this December.

This correction actually make sense and give bump in the price chart. Even I love the price bumped recently down this makes the whole grow well in the market. We love to invest so we need to have our investment at good coins.
Kindly check the marketplace value of the coin which you like with previous price analysis if you see all set good means invest there.

[God]

yep this was not a bullrun, i think that it was a bulltrap and we all have been fucked in there, but just be patient and that bullrun will finally come, but it might take some more months from now, but it all is going to come here

[criptogenious]

Actually this market is suffering from price but it’s a good news that the price of coins increased based on this Bull Run in BTC actually Bull run is a good sign for market because this market need such this types of initiatives based on this it will be start after 8k.

[Bardman]

Technically speaking it looks like a bull flag formed on the daily chart, we have good volume today, if we are able to break the resistance around 7800$ bulls are going to be in amazing shape for the next few weeks, if not price could consolidate downwards which in my opinion isn't that bad considering how overextended the RSI is.

Either way I think the bulls are definitely stronger than the bears right now and anything higher than 7k would still look good for the bulls. Time will tell, bull/bear break will happen within 2 days or so.

[brewhaust devs]

so in general it seems positive overall but most people are still skeptical it looks promising at this point,  thanks for the input and multiple corrections i get it its not a bull run yet so it might turn into a bull run ,  what markers can be used to determine the probability of a bull run ? im not an expert im here to learn and adjust