Bitcoin is back

[vuithoinha]

The Securities and Exchange Commission (SEC) Wednesday declined two Bitcoin ETF recommendations, continuing to be a 'hostile' stance to many expected e-money investment products. This has made Bitcoin prices continue to fall

[Coinrush20]

Bitcoin is currently pumping could this be just a hype or this the next wave that will pull the market back from the current bearish track that we experience. Price pumped to 6750 USD from 6400. We can see an identical increase with other altcoins too. Your ideas are welcome?

Although Bitcoin has risen today, many are still skeptical about the pump as there is not any news that the BTC price will increase. I think tomorrow will be clearer as the SEC can accept ETF in this market and we can see a new future for the Cryptocurrency market. Right now we should hope for more and wait for SEC nod

Congratulations, i just have answer for that. So bitcoin is back to its red candle stick and holding its resistance at around 6400 US dollars, with how things goes looks like another dump will follow. My guess is we are about to end this month with red candles.

[Coinrush20]

It is too early to say that bitcoin bear market has ended. Remember the huge rally in bitcoin from April to May? Everyone thought that the correction in bitcoin had ended but bitcoin broke below 6k briefly in August.

Perhaps you are correct brother, we are back to the normal holding value of Bitcoin, its been like this for the past weeks pumping and dumping at around 6200 to 6500 US dollars. With a big chance of decreasing its even more as reference with the ETF.

[marcbitcoins]

Bitcoin is currently pumping could this be just a hype or this the next wave that will pull the market back from the current bearish track that we experience. Price pumped to 6750 USD from 6400. We can see an identical increase with other altcoins too. Your ideas are welcome?

It is unclear specially today in which after a day of a look a like bullish then suddenly it turn red again. The most certain thing for Bitcoin is the volatility of the price in which it is very hard for us to predict that even the famous experts in crypto field are hardly to guess the future performances of Bitcoin. Therefore their is nothing we can do but just to wait and see

[Coinrush20]

Bitcoin is currently pumping could this be just a hype or this the next wave that will pull the market back from the current bearish track that we experience. Price pumped to 6750 USD from 6400. We can see an identical increase with other altcoins too. Your ideas are welcome?

$6750 to $6400? I think you have it the other way around.

Anyway, i do believe bitcoin is due for a pump soon simply because the next ETF decision is coming up. Just imagine what would happen if bitcoin ETF would get approved? I believe a lot of people will expect and bank on this again causing the value of bitcoin to rise right before the ETF announcement. What happens after the decision.. who knows!

I believe you misunderstood how i used the workds “from and to” May I suggest for you to read back.

Moving to you opinion. The charts answered it clearly and Bitcoin is back to its usual red candle stick. Holding its value at 6400 US dollars. The ETF announcement didn’t add or cause the hype for the market to pump. And after all the happened ww are officially back to the red market days.

[batang_bitcoin]

The Securities and Exchange Commission (SEC) Wednesday declined two Bitcoin ETF recommendations, continuing to be a 'hostile' stance to many expected e-money investment products. This has made Bitcoin prices continue to fall

Not only two bitcoin etf proposals but..

https://www.reuters.com/article/us-bitcoin-funds-etfs/sec-rejects-nine-proposals-for-bitcoin-etfs-idUSKCN1L802V

[xprince1996]

I hope so, im waiting for the bitcoin to recover so that the whole market will recover it is nice to see a green market again.

[grimjoever]

i think in the next bullrun we should hold on in bitcoin. bitcoin was pump and dump is better than any other altcoins right now. even ethereum is crashing

[Getcoinsite]

Bitcoin is currently pumping could this be just a hype or this the next wave that will pull the market back from the current bearish track that we experience. Price pumped to 6750 USD from 6400. We can see an identical increase with other altcoins too. Your ideas are welcome?

You believe that this is a bitcoin comeback?with just 350$ increase you think it will lead us to price recovery?no you don't know what youre talking about and stop letting yourself to believe in thinks that will only lead you to frustration.

Until the market give us good value on every coins and not just bitcoin,then maybe thats the start of bullrun that we all waiting.and after this happen bo blaming will happen so stop expecting instead be contented for what is the price right now and wait till it happens in your front

[slaman29]

Bitcoin is currently pumping could this be just a hype or this the next wave that will pull the market back from the current bearish track that we experience. Price pumped to 6750 USD from 6400. We can see an identical increase with other altcoins too. Your ideas are welcome?

Although Bitcoin has risen today, many are still skeptical about the pump as there is not any news that the BTC price will increase. I think tomorrow will be clearer as the SEC can accept ETF in this market and we can see a new future for the Cryptocurrency market. Right now we should hope for more and wait for SEC nod

Congratulations, i just have answer for that. So bitcoin is back to its red candle stick and holding its resistance at around 6400 US dollars, with how things goes looks like another dump will follow. My guess is we are about to end this month with red candles.

Exactly what has been happening this whole year seems to be falling into pattern again. People think it's over and Bitcoin is back and then it only takes some dumb ETF decision probably nobody even knew or cared about a few months ago, and then prices dip again. ETF rejected so what, right? It's not like we weren't expecting it. Isn't the SEC supposed to be rejecting everything anyway? And so what if they do, so what if they don't? Why should we care? Anyone can buy Bitcoin with or without SEC.

[Cordwel]

ETF has been rejected again by ESC and this again makes bitcoin dumped. Whether this is engineering or what. but I feel this year is a very heavy year for the crypto world.
bearish has happened almost all this year.

[BagzMM]

Let us just hope for the pump for its a way on motivating our selves to hold on bitcoin. Looking forward positive comeback!

[qiwoman2]

Despite the ETF denials, which I expected and also the China FUD we had yesterday, the market didn't crash I had expected it to, which means Bitcoin might be gathering strong support at the 6.3k USD or 6.4k USD level. Maybe this is the springboard for which we will build a strong foundation for the near future for more good news to come into effect. More custodial enterprises, good legislation in forward-thinking prices, pressure on exchanges to stop further manipulation and of course more mass adoption and groundbreaking tech. I think we might be going sideways for a bit but for a bull run, more needs to be put in place first.

[cryptokingmaker]

The Securities and Exchange Commission (SEC) Wednesday declined two Bitcoin ETF recommendations, continuing to be a 'hostile' stance to many expected e-money investment products. This has made Bitcoin prices continue to fall

Today i heard the news they have declined more than 8 Bitcoin ETF proposals but why i don't know. Whether they are giving any reason for declining and this makes the price of Bitcoin falling.

[BitcoinHodler]

there is a lot of misconception among newbies regarding the market!
- bitcoin never went anywhere to come back now
- the drop that bitcoin had was partly necessary to start the subsequent rises. and the current stable phase is a good place for accumulating a lot of bitcoin at cheaper prices before the boom happens.
- bitcoin rise does NOT bring other altcoins up with it. in fact it is quite the opposite. when bitcoin starts rising investors pull their money out of altcoins and they crash hard because everyone moves to bitcoin.
- the only time bitcoin rise coincides with altcoin rise is when bitcoin drops like 10% and altcoins drop 20% then bitcoin recovers 10% and altcoins recover 5%. that recovery is happening at the same time and you see the market in green thinking altcoins are rising with bitcoin!

[makishart]

The Securities and Exchange Commission (SEC) Wednesday declined two Bitcoin ETF recommendations, continuing to be a 'hostile' stance to many expected e-money investment products. This has made Bitcoin prices continue to fall

There was a latest news about the speculation of all bitcoin ETFs. I guess the only best way right now to make US based exchange site mroe bigger. I have no idea and feel doubtful about the bitcoin ETF to be accepted by ETF. we know that SEC is very strict and it will not happen.

[Cnut237]

Movements have only been small compared to the upheavals we've had so far this year. I would say we need a much stronger signal before we can decide that the market is in an upwards trend. At the moment it looks like we're just treading water and trying to stay afloat. Most pressure recently has been downwards.

[Oasisman]

The Securities and Exchange Commission (SEC) Wednesday declined two Bitcoin ETF recommendations, continuing to be a 'hostile' stance to many expected e-money investment products. This has made Bitcoin prices continue to fall

There was a latest news about the speculation of all bitcoin ETFs. I guess the only best way right now to make US based exchange site mroe bigger. I have no idea and feel doubtful about the bitcoin ETF to be accepted by ETF. we know that SEC is very strict and it will not happen.

Ok, from the last 11 hours the SEC just declined 9 Bitcoin ETF recommendations. Im not sure whats making it very difficult for Bitcoin ETF to be approved. The SEC said they rejected these several proposals due to not meeting the requirements such as the prevention of fradulent and manipulative activities.  So, the rejection of Bitcoin ETF's proves us that manipultions really exist in crypto space, specifically Bitcoin.

[xenomorphe1]

Too bad, Bitcoin didn't sustain the pump and is back at $6400 because of the ETF news. Hopefully Bitcoin is still strong.

[Clemente18]

Bitcoin needs information interest and big advertizing actions. If Bitcoin breaks a ceiling in 700 USD, then it is possible to call it a rebirth of the market of cryptocurrencies.