Bitcoin Continues to Consolidate As Volatility Reaches Lows of 2018

[rodalutor]

There were a lot of positive news in the market last year which lead to a bullish market. The sudden price surge grabbed many investors' attention and this lead to a further increase in price making a bubble which when popped, took away many with it. The dump was necessary for bitcoin's price to become stable. Now that the price has become stable, we can expect BTC to grow steadily.

With the widely publicized crash people will now be a lot more weary when investing in bitcoin and that should mean we largely end up with well researched investors who understand bitcoin's potential instead of people hoping to get rich overnight. That's a stronger platform for bitcoin to grow off of than anything we've had before.

[ETHtotheMOON1]

Bitcoin BTC technical analysis for 1st October 2018. Bitcoin continues to consolidate as we enter Q4 of 2018. We have experienced a prolonged bear market for the first three quarters of 2018, will the last quarter be any different?

https://blokt.com/technical-analysis/bitcoin-continues-to-consolidate-as-volatility-reaches-lows-of-2018

I think the last quarter will exhibit a bullish market. We have been in the bear market for quite a very long time now since the year started. Hoping that by the last quarter there will be a recovery when it comes to bitcoin's performance in the market.

Whether we end this year a bear or bull market, I still believe in the technology and always supporting bitcoin. What are your thoughts on this guys?

everyone thinks that the bullish market is tomorrow. People saying that in march were saying tomorrow, same goes for april, may etc. Prices will grow, no need to worry, we just don't know when. Let's stop persuading ourselves we do

[coolcoinz]

Thinking that we'll turn bullish only because we've been in a bear market for so long is quite naive. We had a fake consolidation in 2014 which turned into a continuation of the bear market in 2015 so this is still possible now but it would have to happen soon. 1 more month of sideways trading and the window for a bearish continuation will close.

[rodalutor]

Thinking that we'll turn bullish only because we've been in a bear market for so long is quite naive. We had a fake consolidation in 2014 which turned into a continuation of the bear market in 2015 so this is still possible now but it would have to happen soon. 1 more month of sideways trading and the window for a bearish continuation will close.

The bearish market is still continuing, it's not that it's going to potentially continue in a month or more, it hasn't stopped. just because the current month has been less bearish than others doesn't mean we're out of the trend. Even if the next month is a 10% market increase the overall trend would still be bearish.

[HanaBin]

If larger groups are trying to control the market, you have to think that they will start trying to transfer it sooner rather than later. Reducing fluctuations is the key to successful bitcoin. 2019 will be the year of mass adoption. I think it has pros and cons. I think I agree with what this topic suggests that Bitcoin is on the way to higher prices since all it's about is consolidation around $ 6,500. tick.