BITCOIN BULLISH? ON CME BITCOIN EXPIRATION

[liuqi]

I think not only Bitcoin most of the altcoins also bullish in coinmarketcap so we don't blame in Bitcoin. The recent market is slowly growing in Bitcoin so majority of the investors are stay away in crypto investment. Previous chart is not valid in this scenario and current market is move to forward in crypto so we are all waiting for the future hype in Bitcoin.

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[mostkey]

At the moment, the movement is uncertain, so just wait how far prices will go up, of course I hope this can be more than pumping yesterday and away from the bear market which has pumped more than less than a day, it might be a sign to include more stock and add to the portfolio list for future success, it is very difficult to predict without deeper knowledge, I hope we will get better achievements.

[Pab]

Usually during future expiration we had sell off but next future expire 19 September
As for now price looks rock solid i count on 8000$ before 19 September than pump up to SEC decision what will be at the end of September or little sooner

[1Referee]

As for now price looks rock solid i count on 8000$ before 19 September than pump up to SEC decision what will be at the end of September or little sooner

Don't count too soon. I don't want to be a party crasher, but the current upwards movement will likely end somewhere around the $7500 level as it being the next lower high in the overall long term downtrend. Only if we manage to comfortably break $7500 and touch $8000 I'm getting a bit more bullish, else we may prepare for another $6000 visit.

People in here tend to over-exaggerate every market movement where a $1000'ish decline makes people go full bear, while a $1000'ish increase makes people believe in $20,000 again before the end of the year. Just give the market a couple of more days and we'll see where we go from there. The odds are still in favor of the bears.

[SpringfieldM1A]

Here is an interesting tweet https://twitter.com/CoinDeskMarkets/status/1034223298970701825 on a possible bitcoin bullish return as bitcoin future on CME , we have already seem significant price movements in the last couple of days, what are your take on this? Opinion.

I will still want to be keeping my bullish sentiment hanging a little bit until we actually see even a break above $7300 at least. Like you have already pointed out, this is more or less a rising wedge which simply if it breaks lower can send us spiraling back down to the $6k support and if at least, we get to go past $5800 lower, then another lower low gets imprinted.
Let's see how this goes and looking at the daily chart we will see the MA50 itself acting as a very strong resistance at the $6900 region.

[btc78]

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

It does break the $7,000 and now continues to grow little by little..hoping that after breaking the next target at $8,000 we may taste the five digits value atleat before the year ends because the whole year we struggels alot just to get good profit

[stellaekun]

At the moment, the movement is uncertain, so just wait how far prices will go up, of course I hope this can be more than pumping yesterday and away from the bear market which has pumped more than less than a day, it might be a sign to include more stock and add to the portfolio list for future success, it is very difficult to predict without deeper knowledge, I hope we will get better achievements.

The  uncertainty in the market is kind of keeping new investors undecided, but if the price of bitcoin stays well above 7200 $ in the next couple of day, it will almost be certain it will turn bullish

[Idrisu]

I pray this translate to the bullish trend in other coins.  I have been patiently waiting for a good news over this but have not yet.  Cme should drive the market the way future trade did last December.  I am holding some of my coins for about six months now and I want to sell them at profits.

[Ilmiyati]

of course this is one of the good news in the crypto world but what is unfortunate, this is a prediction and a prediction cannot be confirmed that is true and false, 50/50. we never know what will happen to bitcoin and altcoin in the future. but I remain optimistic in looking at the future of the crypto world

[zazarb]

It is pretty early to call it a bull run and it may still end up in any time, but this is definitely good sign for all of us.
I am hoping that Bitcoin soon breaks 8000$ line and after that I believe we could say its pretty good start for Bull run.

[TravelMug]

Usually during future expiration we had sell off but next future expire 19 September
As for now price looks rock solid i count on 8000$ before 19 September than pump up to SEC decision what will be at the end of September or little sooner

I wouldn't put any weight on the SEC decision though. It has been taking the headlines for quite sometime now that we should totally put it on the back sit. But I tend to agree that the price is good at this point and support are strong and resistance have been broken significantly.

However, we can't say that we are out of the bear market. They can still wrestle and take over this market in an instant. Specially that we are not running out of exaggerate news, just like I saw in Press Release about a certain wallet who moves a lot of coins and become active again and the articles seems to be speculating that a massive sell off will happen anytime soon.