No bull market for 2019

[Distinctin]

Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.

Good for the market if price will continue to rise, we have seen bad days and therefore we now should look for good days.
I'm not seeing this kind of movement last year, price movement last year was mostly down trend, and now we are seeing the opposite.

Let's hope it will continue and price will be better in the coming months, for me it's not about the development or the fundamentals, it's about the change of view of most in this year, the FUD is gone, we need some hype now this year.

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[Odessit_ya]

I also do not strongly believe in the bullish breakthrough in 2019, which will be in 2017.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.

[klaaas]

There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.

There is a part that takes note of it but for the gain seeker that bar will vanish when they see the green line jumping on the charts.
On those moments fiat is flushing inn and can go very quick.

[fullhdpixel]

Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.

Yes, I will agree with you that the price of bitcoin will continue to rise above it current value, there is no doubt that the market will run green throughout this year, but the force power we need to push the market into bull one may not really come to effect this year.

We really need very large institutions and industries to really make great moves of investing in the system, and also, the very rich people we have will not just jump into crypto market without having full knowledge of what they are being introduced to, so all these may not really have any effect to force the market value up until 2020.

[olumyd]

The bull market isn't the major concern. We still need more fundamentals before a bull market can occur. As for whether or not 2019 will be the year of the bull, that's up to institutional investors, and the halving for next year - if Bitcoin holders will continue to accumulate.

[omonuyak]

The bull market isn't the major concern. We still need more fundamentals before a bull market can occur. As for whether or not 2019 will be the year of the bull, that's up to institutional investors, and the halving for next year - if Bitcoin holders will continue to accumulate.

Most of the time that bitcoin has made surprising movements it was because of the technical setup and not some kind of fundamentals issues.  Institutionalized investors are already in the market and many are a waiting for some technical setup in other to invest.  I am a trader and I know how it feels to be in downwards trend but I think bitcoin is more of bullish trend now than last year.

[STT]

Nah its a combination of the two, the technicals can indicate a price movement and the price continues to repeat regardless.   It did this last autumn for a while and then actually the news of BTC SV seemed to trigger something along with the story of some guy selling BTC to fund his mining war and fork attempts.    Silly stuff but the news matched the downturn more then the technicals which did not find the date especially but I guess did show weakness.

Its a combo of the two, caution from technicals is something reasonable and observable imo

[incomefromcoins]

Looking at the present market price momentum we may expect the prices to touch 10000 dollars by next month every month btc price increasing to 25 percent growth in 2019 this is indication of bull market

[Barbut]

Looking at the present market price momentum we may expect the prices to touch 10000 dollars by next month every month btc price increasing to 25 percent growth in 2019 this is indication of bull market

Price is almost doubled since the beginning of this year, what you are saying that price will be tripled until the half of this year. To me that sounds like a "hard to happen" prediction, normally not impossible, with bitcoin price anything can happen in very short period.
Lets wait to break $6k barrier, which can happen or not, if we break it I think we will go more higher, if price stops around here maybe we will see some little down trend and price dropping. Its up for weeks, my logic tells me to be careful now.

[bitbunnny]

Everyone are talking only about bull market will it come oe or not, are we having it now or not and whatelse. But instead to be so focused on predictions and expectations of bull market users should more focus on present situation and what market is currently offering, how profit could be made now. It makes no sense spending time just waiting for something that might or might not happen.

[mace15]

I also do not strongly believe in the bullish breakthrough in 2019, which will be in 2017.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.

This is difficult to speculate as to what price of bitcoin were heading this year because of the volatility. Possible for bull run this year once more support on bitcoin to rise it’s price. A lot of things could happen this year it might go to the moon or the following year.

[Naida_BR]

Everyone are talking only about bull market will it come oe or not, are we having it now or not and whatelse. But instead to be so focused on predictions and expectations of bull market users should more focus on present situation and what market is currently offering, how profit could be made now. It makes no sense spending time just waiting for something that might or might not happen.

I totally agree with you.
Possible the most users that are in the market right now bought Bitcoin and cryptocurrencies when the prices were on ATH so they wait for the opportunity to cash out and equal their losses.
The price is growing as we push mass adoption and we create new users in the ecosystem, so probably when this is going to happen the price will more upwards as well.

[bbc.reporter]

Is this Tom Lee appearing in his delusional state again hehe.

In any case, his comment in the interview can become an incentive for him and his whale friends to pump the price to $10k and cause a Wall Street FOMO to $40k.


On a Binance podcast, the Fundstrat analyst claimed that $40,000 would be likely within a few months afterwards.

The host brought up Lee's recent comments about Wall Street FOMO, which could kick in after $10k. Lee claimed that "Bitcoin has to make people believe that it can achieve all-time high" in order to get institutions back in. He pointed out that it is currently at a price level that it has only been above for 5 percent of the days in its history.

Generally, FOMO hits when the price achieves a level it has seen 3 percent of the time. After the $10,000 level is reached, there could be a surge of 200-400 percent within the next 5 months.

Source https://www.chepicap.com/en/news/10373/tom-lee-btc-will-hit-40-000-if-it-can-break-10k.html

[Suslura]

I think that practically the majority of users of cryptocurrency are only observers and people who are waiting for a certain state of the cryptocurrency market.  And all that is happening is the work of large whales and manipulators of the cryptocurrency market, which have always influenced pricing and will continue to do so.