Bitcoin Analysis 1st August 2018 | Going Bullish Or Bearish?

[gabbie2010]

If you are conversant with the price actions of bitcoin, there is always a pullback whenever there is massive pump just it is being experienced, of course 'history repeat itself' the bears had taken over the market now however there is the possibility of the market becoming bullish any moment from now and this happens repeatedly like a cycle.

[farhiamunni]

I strongly oppose the view that bitcoin is highly manipulative. Bitcoin price is determined mainly by the demand of this so manipulation is not the reason. Moreover we cannot say with surety that when it will hit such price but hope that this will happen soon.

[cryptofun888]

In this uncertain crypto market nothing can be predicted. Maybe not in this year but in 2019 or 2020 BTC will be glorious.

[BitcoinMaster555]

It’s difficult to say but I think bullish. I hope it will hit 5 digits in this year. Maybe in 2019 it will reach at $20k or more than it.

[letecia012]

Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?

maybe it is still in sideways with investors and traders are waiting for the ETF approval though there are some speculations that U.S. SEC would reject the bitcoin application. nevertheless there are still lot of positive news are coming from crypto market as more and more companies are openly embracing crypto currency and this may good for bitcoin as the pillar of crypto market.

[taisaoem1380]

I am so lucky that I determined to sell at 7k6 

[dellmoon]

Right now it looks bearish due to the consolidation. However, there are many factors that can help it to go bullish by the end of this year. There are news of ETF hearing to take place during the next few months, this will create a lot of demand among the users and if it gets accepted by SEC, bullish trend will start again.

[AutisticKid007]

"Bitcoin had already crashed so much and will definitely boom
again in 2018.My target levels till end 2018 is 13000$.
"

[pixie85]

bitcoin to $ 20k if ETF receives bitcoin. we have seen since GOLD received eth 2008 GOLD prices rose significantly. so will bitcoin if it is accepted in 2018, maybe bitcoin can reach all time high

It can go much higher than 20000. Bitcoin is like those small companies before they sold shares and became huge. We can trade Bitcoin already but those exchanges are nothing compared to stock exchanges. If the money that is being put into companies like Google or Facebook went into cryptocurrencies Bitcoin would have to be worth 10 times more.

[Ninellechka]

Bears are not going to let go off Bitcoin in the nearest future. Honestly speaking, I'm a bit tired of this stagnation and wanna see a positive tendency at last, but apparently it's not the time. Well, it remains only to wait. The dip won't last forever, I'm sure)

[cryptorampage963]

as per my opinion it is just another bad face of the bitcoin market but I am hopeful that it will start growing very soon, investors support is highly required here

[mentalmagma]

more bullish, now there will be a rebound and a big increase up!

[Blackrain13]

Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?

    Due to a volatile market it is difficult to predict the bitcoin price. It is very unpredictable but i still believe that bitcoin will reach more than $20000 before end of this year even their is a lot of dumps and pumps happening in bitcoin market.

[ScottDominic]

Right now bitcoin is showing a bearish chart and we might see lower prices. But that doesn't mean you should sell of rather buy more if you can. There is an SEC hearing on ETF approval soon and if BTC gets the ETF approval we will see higher prices. I'm optimistic about BTC getting the ETF approval.

[Al-e_x]

in reality, bitcoin on August 1 decreased. bitcoin fluctuations are very fast, difficult to predict and very easily influenced by any market manipulation. we know that bitcoin is difficult to reach 9K, and bitcoin requires a booster.

good analysis always has a strong foundation, graphics and external or internal aspects greatly affect bitcoin fluctuations.

and bitcoin always makes us surprised

[btcCoincart]

I think the target $20,000 is 1 year from now. The market is not so good, but it's still potential. Just need to believe in future and we can make it, when you lose your hope, remember why you started

[kotajikikox]

August is time of corrction and the pice will stay at 6k and price bullish into the marketplace at 1st week of September until the price goes into become expensive, and hope 20k hit in the month of november upto december of this year, so watchout and see what will bitcoin hit.

[Moiyah]

As of the moment, the bullish price was already reached and the bearish part is going to end in about a few days from now. It means, the bullish run will start over according to some indicators and my TA. After breaking the price down to $6.7k, let us wait the start of recovering.

[Tulanpa]

Although I still have d purview that bitcoin will survive bearish state, but with d current trending of bitcoin market, ascertaining the $20k cap of previous year will be so hard

[VintageBazaar]

Look like Bears will stay in control for a while yet, we might see some altcoins get mini pumps from people pre loading up on Big bags for next year.   

Bitcoin, ideally needs to hang around this area, try and push to 10k USD by end of year and hold strong, then give altcoins a nice run next summer, let the Bulls make more Bitcoin to then kick Bitcoin pump into action. We will definitely blow past 20k, safe to say by late 2019, mid 2020 Bitcoin will be over $30 and testing 50k region for the Halvening.

My pro advice to all here worried about $BTC. Dont, dont worry, just Hold for 12-24 months and you will be very happy, to say the least!