Bitcoin is back!

[darkangel11]

Bitcoin surges to $8500. is it ready for a bull run?

This is already the start of some sort of bull run.  The question is whether it's going to be a sustained one and how long it's going to continue.  I've said in other threads that it's way too early to tell what's going on--definitely too early to celebrate--but the good thing is that bitcoin has gotten un-stuck.  Being caught in a narrow range for months can be demoralizing for traders and confusing for long-term holders. 

I was wondering which way bitcoin would break when it started moving, and I'm glad it was upward.  We'll see how long it lasts, though.  Would be nice if we started (slowly) approaching $20k.

It's not that hard to predict that the main target short term is 10k. People like round numbers and they work like magnets most of the time. The only reason why a price stops before reaching one of those round targets is negative news or cancellation of some positive news. Right now the main target is 10k, but one of the reasons for the push towards it is the ETF news. If this got nullified by a negative decision we'd stop before reaching 10k. If it goes through we'll most likely see price go above that level with a target of 20k.

[1714945806]

1714945806

[noobrik]

In the now many months I have been around bitcoin and other cryptocurrencies, all I can say is only time and occurrences will tell. But rest assured, BTC will always be the Classic guy! 

[Lagrood]

My expectation about bitcoin is not so tremendous in this year because I am sure that after such a strong downtrend it is impossible that bitcoin will recover to its previous highs so fast well I mean that firstly bitcoin will be a consolidation phase collecting liquidity which are required for the further growth. I think that the roof of bitcoin is about 10000$ in this year but it is just my opinion.

[Jating]

My expectation about bitcoin is not so tremendous in this year because I am sure that after such a strong downtrend it is impossible that bitcoin will recover to its previous highs so fast well I mean that firstly bitcoin will be a consolidation phase collecting liquidity which are required for the further growth. I think that the roof of bitcoin is about 10000$ in this year but it is just my opinion.

I wouldn't call its impossible but its going to be a slow and will take some time before we see the price going for a new all-time-high. But I would rather see it that way rather than a massive bull run that will eventually burst at the end. That's what we witness during its last last run, everyone thought that we will continue up to $30K but the price suddenly goes down and up to now we are still struggling to grow and stand up.

$10K is a good and very safe estimate, but don't be surprise if we are going to hit it this August because the market is very optimistic of a Bitcoin ETF. So we will continue to wait and see how it goes.

[painting_money]

I have been following the market for a long time. Over the past two days, bitcoins have grown quite well compared to other coin altcoins. I hope this market will soon grow fast.

[Yamifoud]

I have been following the market for a long time. Over the past two days, bitcoins have grown quite well compared to other coin altcoins. I hope this market will soon grow fast.

Even though it is in slow growth percentage but at least market is moving.  The most important is that,  it is continuously moving up and up. People are now stop moaning cause they saw market is in green and for sure they are now selling some of their coins.

[Yantoaja]

I am very happy to hear it, this is a warm week in market cap. all definitely expect that this will continue, but we know that bitcoin is high votality so we do not know the conditions that will develop, the most important is to remain optimistic.

[jho0810]

Bitcoin surges to $8500. is it ready for a bull run? what can we expect at the end of this year?

I think yes bull run is started as we can see bitcoin is continuously to moving up. It's great for all of us because are hopes is happening that bitcoin will increase this year. We don't know what will be the price in the end of the year but we hoping that it's more to what we expected.

[Eva Ren]

Right now it is, however, everything could happen, therefore, the smartest way to invest in digital assets is to build a well-diversified portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. Their main aim is to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices. They are also helping insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level.

[JaxxBoll]

I really hope this happens. In the past few days I've seen bitcoin growth pretty good. However, I find the market still quite gloomy. but hopefully the bitcoin will get 10k in the next few days.

[blockman]

Bitcoin surges to $8500. is it ready for a bull run? what can we expect at the end of this year?

Okay it reached $8,500 and I was away so I didn't saw that live but by checking it currently, Bitcoin stands at $8,272 so this price should be the support.

We may expect bull run or not but if I'm you, I won't think so much that excites me and if it won't happen I'll not be disappointed.

[Rahar02]

My expectation about bitcoin is not so tremendous in this year because I am sure that after such a strong downtrend it is impossible that bitcoin will recover to its previous highs so fast well I mean that firstly bitcoin will be a consolidation phase collecting liquidity which are required for the further growth. I think that the roof of bitcoin is about 10000$ in this year but it is just my opinion.

I wouldn't call its impossible but its going to be a slow and will take some time before we see the price going for a new all-time-high. But I would rather see it that way rather than a massive bull run that will eventually burst at the end. That's what we witness during its last last run, everyone thought that we will continue up to $30K but the price suddenly goes down and up to now we are still struggling to grow and stand up.

$10K is a good and very safe estimate, but don't be surprise if we are going to hit it this August because the market is very optimistic of a Bitcoin ETF. So we will continue to wait and see how it goes.

Many people expect bitcoin price to recover around $10K again as the step toward higher points, yes bitcoin may reach it in August affected by ETF decision.
But the market has not entered the bull run as the price still fluctuate, had declined to $8086 a few hours ago, though the price will drop below $8K, but still survive above $8K. This movement influenced by the news of SEC postponed ETF applications filed by fund provider Direxion until September 21, 2018. Another ETF files submitted by CBOE has been delayed until August 10^th. however, SEC may extend 245 days before approve or denied ETF files.

[Djouga]

For me bitcoin is not already back, but soon : 8K2 cross today, it's not nothing, for people who don't rebuy it, it's the moment, you will regret it (my opinion).

Other coin like eth haven't increase yet, bitcoin is the strongest coin and that's the proof !
I really trust in it this time, we can reach 15k again, really !

[pitiflin]

Bitcoin surges to $8500. is it ready for a bull run? what can we expect at the end of this year?

What do you mean? Bitcoin is not a comet or a ghost.  I wish it were but it isn't.

You can't tell if it is a bull run, if the price just rose for a day and the next few weeks are followed by continuous dumps. And since this whole ETF thing seems to be a big deal right now and if things go right, we can see bitcoin hitting above 20k. But we don't live in a perfect world, so fuck we can't expect things to go well, especially with SEC around. 

[Sergio444]

Well, I am always on my toes for any price of bitcoin Because this surge in the price is only to make you fell that it is still around and can rise at anytime. I just checked the price and it has dropped down by 300$. Don't be to happy but you can expect more from bitcoin.

[zwiggel]

Right. The bitcoin market is back. Bitcoins have risen to nearly $ 9,000. This is a good sign for companies and investors. Many people are focused on buying bitcoins and storing them. This makes the demand for bitcoin buyers soar. So bitcoin prices will rise even higher.

[Biscutard]

Bitcoin surges to $8500. is it ready for a bull run? what can we expect at the end of this year?

I don't think it is ready yet because it seems that it doesn't pass the previous ATH last year but i could say that this is still a good chance to see bitcoin is recovering from its recent massive fall. But sadly most of the altcoins are declining while bitcoin is going for a bull run. How ironic it is.

[ngano ba]

Bitcoin might be back ,from that falling down of price value in the market but it is not very fast, but it is slowly recovering as of now, so this is a good news for bitcoin holders.

[elimi]

Bitcoin surges to $8500. is it ready for a bull run? what can we expect at the end of this year?

I think the bitcoin price will reach 13-15k $ before the end of this year and the Value will continue to increase now and in the future. So keep our bitcoin for the better future

[Moiyah]

It will not totally go for a bull run. Their will still be some dump before going up. Anyhow, expect the price of bitcoin at the end of this year just like last year who definitely break $10k.