ARE WE REALLY SEEING BULL RUN OR TRAP IN BTC MOVE

[pooya87]

We will stay in the bear market as long as we stay below 10k.
Only above 10k we can talk about bull runs.

not necessarily. we may see a bull run after ETF is rejected by SEC this month and see price start shooting up after $7.1k. or we may see a very slow rise up to something like $15k which can take until mid 2019 and then see the big bull run with the fast price rise to the moon.

[1714982801]

1714982801

[exstasie]

We will stay in the bear market as long as we stay below 10k.

Only above 10k we can talk about bull runs.

What's so important about $10K? It's definitely a major resistance level, but $8,500 seems more significant. Breaking that would mean the first higher high since the crash last year. Without that, there is no uptrend to speak of.

Regardless, I don't see a real "bull run" happening anytime soon. Maybe a nice bull trap past $10K though.

[SpringfieldM1A]

I think the market will soon approach the bull after the SEC's decision has positive results but if the decision has a negative effect, maybe the bitcoin market will remain swinging even it could go down again, so we just wait until September or October for good or bad news

Or maybe if the big whales want bitcion to go down because they are the ones who are manipulating the price. I really expect nothing less from them. They control the price and manipulate it to the way they want it to be. Added to that statement, people always need to support bitcoin by buying it because the more you buy people, the faster the price grows. So, it is just a matter of time until the price continue to grow.

Sure, one has to be very careful in a market that is purely manipulated and bull traps can easily be achieved. We have seen cases like this where people were expecting some optimistic growth but the volume towards buying was nothing to write about and then the whales and bears come knocking and putting a quick dump on the market. That is the level of volatility of this market and one of the things with decentralization we just have to accept.

[gabmen]

We will stay in the bear market as long as we stay below 10k.
Only above 10k we can talk about bull runs.

not necessarily. we may see a bull run after ETF is rejected by SEC this month and see price start shooting up after $7.1k. or we may see a very slow rise up to something like $15k which can take until mid 2019 and then see the big bull run with the fast price rise to the moon.

All these are possibilities that may happen or may not. We've all been caught in bull traps before though i tend to agree that we may be moving slowly upwards but not to the extent of considering a legitimate bull run.