Has the market completely recovered

[vit05]

Bull run is a pattern that goes for some time. We need more action to confirm if this is a bull run or if we have hit the floor and people decided to buy some after this big whale. We should expect some corrections. People will take profit. And if the correction do not hit 4300 we will see more confident and probably go beyond 5k

[lablab03]

No bro not yet and we are not even close on it because 20k is the current high value of bitcoin so it's too far for now. And its impossible perhaps to completely recovered on this situation because you know manipulators always in the market and suddenly dump when the market growth rate increasing. So it's very difficult as of now to make speculation about it. Lets wait for more results instead.

[BeGoods]

Bull run is a pattern that goes for some time. We need more action to confirm if this is a bull run or if we have hit the floor and people decided to buy some after this big whale. We should expect some corrections. People will take profit. And if the correction do not hit 4300 we will see more confident and probably go beyond 5k

Of course not completely recover. even the price is still far from $10000, if there is panic selling happen, of course the price can collapse instantly. I hope this good condition will continue and many of you don't do stupid things like panic selling..

[Kelvinid]

Bull run is a pattern that goes for some time. We need more action to confirm if this is a bull run or if we have hit the floor and people decided to buy some after this big whale. We should expect some corrections. People will take profit. And if the correction do not hit 4300 we will see more confident and probably go beyond 5k

Of course not completely recover. even the price is still far from $10000, if there is panic selling happen, of course the price can collapse instantly. I hope this good condition will continue and many of you don't do stupid things like panic selling..

We can't blame others to sell their coins right now cause they are already profiting and they don't want to loss this opportunity again. They'll afraid that the market will turn dump again and so strike it before it happens. But for us who still in holding, we just have to pray that it won't go back into $4k again, instead to continue in rising.

[ethereumhunter]

The market has not yet recovered. I think it's a small recovery for the price because we are still far away from the fully recovered and we don't know when it will be completed recovered. All we know are the market now moving to the good progress, and this could lead us to see the bull market will come. We need to wait for a while and always check the market to see if this time is the right time for the bull market to show.

[BitcoinPanther]

Eh? you consider that as a bull run already? It's not completely recovered yet because we haven't reach the ATH and surpass it. The price might be showing a good show recently but it's too low and early to say it as bull run.The price doesn't even last long in $5k and drop down a few hundred of bucks again.

I agree, according to some analyst there are still some walls to be broken before it can be considered as bullish market.  I think, if Bitcoin breaks the resistance way upto $6000 we can consider that the market is already on the bullish stage.  Though I believe the price has just started its recovery.  This mysterious guy who bought 20k BTC would possibly trigger a bullish phase of the market.

[wuvdoll]

What is the reason for the recent bullrun? Was there any news because I didn't hear of anything or did a big whale invest?

In order to say "completely" we need to also see the volume going back up, the prices are going up on both bitcoin and altcoins as well which means market is recovering and that is an amazing news, we have been waiting for bitcoin to have a decent jump for over a year and now finally we have that but if you look at the volume it is still not nowhere near what it used to be.

I do not need to see the investments made into ICO world go back up to what it used to be , that could stay low and I would be fine but I need to see the volume go up as well otherwise this is just temporary. We do not need to increase the price alone we need to make sure we get new people interested in bitcoin and join us with this otherwise the current bitcoin users and traders can do only so much.

[ifykiki]

I've made serious profits but I'm still worried cause the market is blooming very fast as if it is on some kind of adrenaline

[ifykiki]

What is the reason for the recent bullrun? Was there any news because I didn't hear of anything or did a big whale invest?

In order to say "completely" we need to also see the volume going back up, the prices are going up on both bitcoin and altcoins as well which means market is recovering and that is an amazing news, we have been waiting for bitcoin to have a decent jump for over a year and now finally we have that but if you look at the volume it is still not nowhere near what it used to be.

I do not need to see the investments made into ICO world go back up to what it used to be , that could stay low and I would be fine but I need to see the volume go up as well otherwise this is just temporary. We do not need to increase the price alone we need to make sure we get new people interested in bitcoin and join us with this otherwise the current bitcoin users and traders can do only so much.

I think the little recovery right now is admirable, let's just accept this growth and allow it to take it's time, Bitcoin started the rise and altcoins followed who knows the volume might increase fast as well

[BUK2016]

The market in my opinion has fully recover and thrtr is no going back for now. In relation to your question as to whether there news in favour of the market I have no such information to provide an answer to your question but let me research about it and return back with an answer.

[BUK2016]

Bull run is a pattern that goes for some time. We need more action to confirm if this is a bull run or if we have hit the floor and people decided to buy some after this big whale. We should expect some corrections. People will take profit. And if the correction do not hit 4300 we will see more confident and probably go beyond 5k

Of course not completely recover. even the price is still far from $10000, if there is panic selling happen, of course the price can collapse instantly. I hope this good condition will continue and many of you don't do stupid things like panic selling..

There are no negative news coming in at the moment just like what happen in the year 2017 where so many country were busy banning crypto currency business activities. I do hope that the current trend will continue for a long period of time before any little correction will take place.

[sandra_x]

We can not be so sure yet ,it is still possible we are riding on a pump and dump fuel (although unlikely at this point), The technicals are looking really nice and the trade volume is at its highest ever. That is obviously going to drive in some FOMO. Hope this might be it

[Gaff]

Bull run is a pattern that goes for some time. We need more action to confirm if this is a bull run or if we have hit the floor and people decided to buy some after this big whale. We should expect some corrections. People will take profit. And if the correction do not hit 4300 we will see more confident and probably go beyond 5k

Probably the corrections will take more months to further reinstate on its capability to attain bull run. Reaching the peak of the price value is our great hope for bitcoin, and as people moved on after all those challenges during bearish trend; it's not easy to gain enough motivations again. All we need to do now is to have more determinations and courage, because we're on the journey of breaking barriers to achieve successful life through bitcoin.

[Wind_FURY]

Or it's nothing but another common pattern in Bitcoin called the "Bart Simpson" movement, because of the inefficiencies of the market. If that's what we have, then I believe we would see a big red candle back to $3,800 - $3,900 in a few weeks.

There was already more then a Bartman in action, to go back that far would have to break past 200 day average and also break the uptrend that was in play since February.     I think the Bart formation is for smaller moves then this.
One of the reasons it rose was it ran out of space on a trend of rises from the lows and the not very solid ceiling of 4000 or so.   Round numbers dont really count as resistance, they dont exist in other currencies

To answer OP no the market is doing part of a recovery not an entire reversal in one day

Of course not. The bart movement is any long green or red candle, followed by nothing, and stays like that for a few days or some weeks, then followed by a reverse green or red candle, forming bart's head.

I believe it happens when there is a big long or short order on margin.

[exstasie]

There was already more then a Bartman in action, to go back that far would have to break past 200 day average and also break the uptrend that was in play since February.  I think the Bart formation is for smaller moves then this.
One of the reasons it rose was it ran out of space on a trend of rises from the lows and the not very solid ceiling of 4000 or so.   Round numbers dont really count as resistance, they dont exist in other currencies

To answer OP no the market is doing part of a recovery not an entire reversal in one day

Of course not. The bart movement is any long green or red candle, followed by nothing, and stays like that for a few days or some weeks, then followed by a reverse green or red candle, forming bart's head.

I believe it happens when there is a big long or short order on margin.

On that note, here's an interesting article to ponder: https://www.reuters.com/article/us-crypto-currencies/bitcoin-soars-20-percent-mystery-buyer-seen-as-catalyst-idUSKCN1RE0JY

Today’s gain was probably triggered by an order worth about $100 million spread across U.S.-based exchanges Coinbase and Kraken and Luxembourg’s Bitstamp, said Oliver von Landsberg-Sadie, chief executive of cryptocurrency firm BCB Group.

“There has been a single order that has been algorithmically-managed across these three venues, of around 20,000 BTC,” he said.

What's so significant about Coinbase, Kraken, and Bitstamp one might ask? Why, they are the three exchanges that form the index for BitMEX's XBTUSD contract!

So I definitely think this was margin related, especially when you look at the volume/liquidations on BitMEX. Whether you're right about the Bart top, well, I'm on the fence about that. After consolidating for 3 months and breaking out, I don't think this move is quite ready to fade out yet. Time for a flag and then another leg up after that.

[Viscore]

The recovery is still partial, I'll only say it has fully recovered once altcoins will also rise and people can sell at a profit.
An increase that are seeing now is part of the recovery, it's good to have this strong bounce and we are hoping this will continue to go up so we can call this recovery. We also cannot blame some people who are still not fully confident and think it could dump again as they witnessed that happen many times.

[davinchi]

we see a small rise people call it "bull run"

To be fair to people, the rise is 20% which is a giant move for the price of most things.   But in Bitcoin its more normal for it to be volatile.    I agree that a bull or bear market is not 1 movement but a series or trend that is ongoing and can be bought into generally by a variety of holders not just over night traders.

Its not a bad call this time to be honest, this is a sharp rise true enough but also its a rise coming on the tail of a series of gains over months since December.    It might be a bad call to call it a bull but this is a series of rising low prices that has turned into a spike upwards

It’s really a good one and especially for traders but 20% is actually not much compared to what bitcoin is capable of increasing too, the reason why this one got us amazed was because in came on a very short notice and the time frame it used in achieving that, we would have still achieved same spot by may buy now that it came quite early.

Let’s see what the next move has in store for us, I am a long term holder and I am still waiting till I am sure that bitcoin has hit its ATH before I can make any move of selling my coin, majority of people sold some of their coins yesterday and I think they are quite stocked now as to when to buy back.

[onrise]

We can not be so sure yet ,it is still possible we are riding on a pump and dump fuel (although unlikely at this point), The technicals are looking really nice and the trade volume is at its highest ever. That is obviously going to drive in some FOMO. Hope this might be it

It is more likely a recovery which has taken place which was due from long time and a good thing for all the supporters and holders who had being waiting for and not selling coin till it reaches a good price and help people to make profits .

[magneto]

What is the reason for the recent bullrun? Was there any news because I didn't hear of anything or did a big whale invest?

You have to understand that there doesn't need to be any reasons for a short term price hike like this.

It's bound to have happened given the fact that we've hung around the $3-4k region and moved mostly sideways for so long. I think that the major driving force behind this particular pump is probably a combination of the fomo in traders, as well as the liquidation of short positions that some people were in that may have caused a short squeeze.

If you are a long term holder, don't bother to look for justifications. Market movement like this is normal and it happens. Instead, focus on what the long term fundamentals are like, and how they've developed, like adoption rates. These are the aspects that will fuel actual bull markets and drive sustainable growth in the long run.

[d1ceplayer]

What is the reason for the recent bullrun? Was there any news because I didn't hear of anything or did a big whale invest?

No single investor can really explain why bitcoin has been suddenly getting price pumped for some days now, I guess we must have had big time investors that entered the market and at the same time, we cannot dispute the fact that it was caused by whale, but who the whales are is what is yet to be known, but it does not matter much to me if its whale or not, I have already taken advantage of it and I am expecting a little price fall, so I can buy back while I await the major Bull run we can easily spot when we see but I really hope whoever the investor is can keep the market green for now.