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Author Topic: Is the BTC market warming up?  (Read 52 times)
pokiq
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August 17, 2018, 06:04:16 AM
 #1

The short-term station stood at $6,500 and is now reported at $6521.44.
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Gaurav11kb
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August 17, 2018, 06:22:12 AM
 #2

Bitcoin is in accumulation phase and it will explode if etf gets approved. So yeah, you can say that BTC market is warming up.
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August 17, 2018, 06:26:49 AM
 #3

Bitcoin is in accumulation phase and it will explode if etf gets approved. So yeah, you can say that BTC market is warming up.
Traders will soon buy more and more Bitcoin since the price they bought at is not much profitable now after few days hovering around $6,400 so I assume a new bull run will start soon

vlad230
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August 20, 2018, 09:27:51 AM
 #4

I think it's still going to sit at these values ($5-6k) for some time.

Maybe we will see an slight upward trend by the end of the year but it's not going to be anything close to what it was in 2017.
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August 20, 2018, 09:32:35 AM
 #5

Its just consolidating and there's no clear trend right now. The bulls are still trying to get everything warm up but we all know that bears wouldn't give up their position. I guess its really boils down on next' month SEC decision on ETF. If it gets a approval, then we might see a massive bull run. But a rejection will go on another price bottom. So don't expect too high so that you won't get disappointed if we didn't break ATH this year.

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Btchunter3333
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August 20, 2018, 10:18:50 AM
 #6

I think bitcoin market is warming up. We should see a good price in my opinion starting from September. The best to do now is to hold your bitcoin and get more from trading altcoins.

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August 20, 2018, 12:29:20 PM
 #7

I think the market's getting ready to enter another uptrend season before the SEC's announcement about the ETF next month. We've been in a boring phase (accumulation) for the past two weeks when it comes to the BTC price, it's been going up and down as usual but without massive swings.

I think we need to break the 6500 resistance level to finally see a steady upward movement.
BrewMaster
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August 20, 2018, 02:37:46 PM
 #8

what people missed in the past month or so is that bitcoin never got cold! it has been warm and it was actually heating up, starting to have the rally to test the real resistance at $10k.... but then we started pouring cold water on top of it and cooled it down with our ETF hype thinking it will make the rise happen faster but in reality we were postponing it.

and right now market won't become "warm" again until we put this ETF news behind us.

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August 20, 2018, 03:13:52 PM
 #9

do you mean warming up? warming up for high jump or warming up to go deep enough? currently the price of bitcoin is standing at a price of $ 6400.

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August 20, 2018, 04:54:53 PM
 #10

Yes, I think the market price is now heating up to go to bullrun, there are still many investors manipulating prices, so for long-term investors it is only enough to wait and hold the coin, we will see if the price changes at the end of the year will now occur, and maybe the market Will this bearish stop too soon? We don't know that yet
Awesomus Maximus
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August 20, 2018, 08:57:28 PM
 #11

and right now market won't become "warm" again until we put this ETF news behind us.
Yes we have to put all this hustle with ETF behind us. I don't know how the ETF proposal became so important for the future bitcoin. Because it is not important at all. Who cares if they approve or not. If they approve fine, if they don't approve also fine. They will have to approve at some point in the future, when bitcoin becomes even more stronger.

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August 20, 2018, 10:54:09 PM
 #12

and right now market won't become "warm" again until we put this ETF news behind us.

Aren't there several applications up for review? With additional opportunities for the SEC postpone their decisions? I recall hearing if the SEC takes its sweet time that this could drag on into Q1 next year.

Fortunately, I don't think the ETF stuff matters that much. The real problem is the price action: we haven't been able to break out of 2018's downtrend. Not one higher high to be seen. I'd say the market isn't officially "warming up" until we break the July highs and form the basis for an uptrend.

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