Guys!Are we really heading to a bullish market?

[puremage111]

So there in the past hour, we had a really big price movement there
We were hovering at the 50 EMA and 100 EMA line in the last few daily session, no one really know where the market moves and everyone is uncertain
However, the price progressed!
We not only breached the 100EMA, we also broked the 200EMA Line!
The volume is too huge that make the price pierce through everything.

Then, the volume today are also above the average trading volume!

However, few things to note
#1) Price is currently Kinda Oversold there, we are at 80 Oversold at a daily chart
#2) Just because the price pierce through all the indicators that we are looking at, it doesn't mean the price will rebound 100%
The 50 and 100 Moving average is still below the 200 Moving average

Hence, kindly take note if you are looking to trade and open any positions
Crypto market is volatile there!

Good luck

[Endikadija]

So there in the past hour, we had a really big price movement there
We were hovering at the 50 EMA and 100 EMA line in the last few daily session, no one really know where the market moves and everyone is uncertain
However, the price progressed!
We not only breached the 100EMA, we also broked the 200EMA Line!
The volume is too huge that make the price pierce through everything.

Then, the volume today are also above the average trading volume!

However, few things to note
#1) Price is currently Kinda Oversold there, we are at 80 Oversold at a daily chart
#2) Just because the price pierce through all the indicators that we are looking at, it doesn't mean the price will rebound 100%
The 50 and 100 Moving average is still below the 200 Moving average

Hence, kindly take note if you are looking to trade and open any positions
Crypto market is volatile there!

Good luck

I believe the price of bitcoin will stay around 4500 dollars and after a big candle of bitcoin and there will be another recovery to the altcoin. This time altcoin was losing a huge price in the bitcoin term. But im still feeling about the fundamental behind that candle.

[pageraji]

Its any good news thats can move market like this? any valid info out there or its just pump by whales? wanna see more pump..go go go

[paramind22]

Confirmed this is the biggest bull movement of the market in over a year.

[HellDiverUK]

Its any good news thats can move market like this? any valid info out there or its just pump by whales? wanna see more pump..go go go

I think its because proggress of Bakkt launch, read on medium about this

[adaseb]

I wouldn't say we are heading into a bull market until we close way above the $6000 area, preferably somewhere around $7000 or so.

Reason being is that this might of been nothing more than a short squeeze since over $200,000,000  of positions were liquidated earlier. Basically there was too many bears who shorted at $3500 and wanted to see $1000 bitcoin.

I think we might retest the $6000 area, because that is very strong resistance and the market might want to see if it actually has willing buyers. However I don't think it was break on one go, will probably form a cup and handle for a few weeks and then it will either break up or down.

[puremage111]

Its any good news thats can move market like this? any valid info out there or its just pump by whales? wanna see more pump..go go go

Well the pump was started off by one big pump in Binance from what i've read on the news
The total volume of BTC for the entire pump is less than 1,000 BTC
Thus, let's see how market will react these few days 

[alberdina]

Whatever it is, what is certain is that with this price increase, of course, trading volume increases. And I started trading and making a profit. I hope this is a positive thing that continues until the market returns to Bull.

[Cnut237]

It's been looking increasingly bullish over the last month or so, prices trending slowly upwards, volumes really high, and any dips recovered quickly. We were due a breakout upwards, and now it has happened. There will inevitably be more pullbacks, and I suspect the usual situation will develop where prices rocket upwards but overshoot and then drop back a bit. The key for me now is whether BTC can break and hold above the $5,000 price point. If it can, then that starts to build a new support level and we can expect the bullish sentiment to grow.

[livingfree]

Whales are buying in because of some good news? we don't know what's the fact behind this bull but it's better not to assume that much and be on the safe side. I like the pump that we have witnessed for today but it's still early to think that this is the bull run. Remember those days that there were quick dump too so basically if ever we broke the resistance of $4,500 then we're heading towards new price support and might break $5,000 very soon. If we see bitcoin goes $7,000 to $8,000 possible that we have entered the bull run.

[lienfaye]

Its nice seeing the market in green status again because for the longest time we are in bearish trend. I dont know if this is due to some good news like the bakkt announcement that might trigger the investors to buy while the price is still cheap.

But I dont set aside the possibility that this is a pump and dump scheme of whales, its better to not have high hopes because we dont know if this is for real or just a temporary manipulation of those who have a big holdings.

[Angrydwarfs]

Big dump incoming

[gembira]

Big dump incoming

There is no reason for dump. Market have prepared for next bullrun a long time. And seems bullrun just have been starting. Volume increased almost in twice for last 24h (from 30 mln to 50 mln per 24h). This is a good sign too.

[Iyeman]

Big dump incoming

There is no reason for dump. Market have prepared for next bullrun a long time. And seems bullrun just have been starting. Volume increased almost in twice for last 24h (from 30 mln to 50 mln per 24h). This is a good sign too.

He was thinking if this is another bulltrap like what already happened in the last year. But I'm feeling doubt about the latest pump on the bitcoin because there was no good point to call that pump. SEC was delaying bitcoin ETF and there was an exchange site gets hacked.

[xvids]

Big dump incoming

There is no reason for dump. Market have prepared for next bullrun a long time. And seems bullrun just have been starting. Volume increased almost in twice for last 24h (from 30 mln to 50 mln per 24h). This is a good sign too.

He was thinking if this is another bulltrap like what already happened in the last year. But I'm feeling doubt about the latest pump on the bitcoin because there was no good point to call that pump. SEC was delaying bitcoin ETF and there was an exchange site gets hacked.

I think it wouldn't be a bull trap it could be the real bull run that we have been waiting for.
The market and the people have been preparing for this for so long .
Let's just stay still and relax watch as the bulls run and make the crypto land to the moon again.

[mrdeposit]

Big dump incoming

There is no reason for dump. Market have prepared for next bullrun a long time. And seems bullrun just have been starting. Volume increased almost in twice for last 24h (from 30 mln to 50 mln per 24h). This is a good sign too.

He was thinking if this is another bulltrap like what already happened in the last year. But I'm feeling doubt about the latest pump on the bitcoin because there was no good point to call that pump. SEC was delaying bitcoin ETF and there was an exchange site gets hacked.

I think it wouldn't be a bull trap it could be the real bull run that we have been waiting for.
The market and the people have been preparing for this for so long .
Let's just stay still and relax watch as the bulls run and make the crypto land to the moon again.

I am also not sure market is bullish. Perhaps the next moves will make it more precise. It has increased without a reason behind it, and it is still hard to estimate the next moves. But today is better than yesterday. 

[jacafbiz]

The pump today is a significant pump, it was late 2017 that I saw price action like this, this is very good because the $4200 barrier has been proven difficult to sometime, testing $5k range shows we are heading to the $6k range for me I don't think we will stay long in $4k range again because the mood and sentiment in the space has changed

[kodtycoon]

pump today had a positive impact on the exchange so now it has this trend the volume of the bitcoin market is very different, I mean more input demand and it seems this is a good moment for all those who still believe in bitcoin. towards a bullish market if in two weeks the price remains consistent we are sure heading there

[mbsyahia]

I wouldn't say we are heading into a bull market until we close way above the $6000 area, preferably somewhere around $7000 or so.

Yes me too that's where it will be confirmed and terminate a market bissier that hard for more than a year

[tomahawk9]

I don't think we are. A pump in the btc price that came out of nowhere doesn't signal anything, just that a big whale (or several whales) decided to buy big chunks of btc for some unknown reason.

Also, we can't really analyze or try to predict what's gonna happen next when it hasn't even been 24h since the pump in the price, give it a few more days/weeks to see if the trend continues and then we can start discussing about where this rally might take us.

Its any good news thats can move market like this? any valid info out there or its just pump by whales? wanna see more pump..go go go

Nothing relevant was going on at the time of the pump...No news, no announcements, no catalyst, nothing, so it's very likely that the whales were behind this sudden surge in price.