Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge

[GregH37]

If the cryptocurrency market would be bullish now, now we would not have seen its next drop in price. Bitcoin already reached $ 5,600 in price, after which it fell to about $ 5,250. Now he again, according to CoinMarketCap, has risen to 5300 dollars. Such a market is most likely the most common with a good uptrend. Most likely, it will continue to grow, but its growth will be slow.

An healthy bull does not rush in its growth, it will eventually attain its aim but will be a gradual growth till it reaches its ATH, you know that when a market gradually increase as it is, it would have dies down lots of tension in investors, as they would have gotten use to its price movement and its slow growth, so it would not be so easy for people to decide a dumping point.

So being continually patient as we see the price slowly increase is what will give many investors the chance and opportunity to make profit in all their investments. The price of bitcoin might be stable this way for the next few weeks till Little bull decided to stair the market up.

[MalakEnay]

Undoubtedly, there are well-founded bases to believe that the growth bitcoin has had in the month of April has not been due merely to speculative maneuvers, but that the fundamentals of bitcoin look healthy and consistent, so for several months ago it seemed obvious that bitcoin was very undervalued, and there already seemed to be a lot of upward pressure, which has been observed in a remarkable way this month to end.

[blockchainwriters]

even though most of the indicators are showing positive with the new update from bitfinex and tether investigation  we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump

[deisik]

The SEC has a huge market to protect, one that Bitcoin isn't worth entering

While I technically agree with the points made, I have to say that even if the Bitfinex and Tether problem gets resolved somehow (for example, there's no more either), this is unlikely to change the attitude the SEC had taken. It is just Bitcoin's decentralized nature that makes it not "worth entering" (whatever you may mean)

Gold is also decentralized but it is decentralized in a natural way, i.e. in a way which can't be changed or massively affected by humans (read, it is not susceptible to the whims as well as manipulations of certain individuals or groups with vested interests). So, in a sense, with Bitcoin there will always be a bitfinex

And that's the major problem with crypto

[pinoycash]

even though most of the indicators are showing positive with the new update from bitfinex and tether investigation  we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump

You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD.  We have no other way to go up to $6,000 Mark before the month ends.

[Sithara007]

even though most of the indicators are showing positive with the new update from bitfinex and tether investigation  we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump

You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD.  We have no other way to go up to $6,000 Mark before the month ends.

I still have my concerns with Bitfinex. The exchange is saying that some of their funds were seized by the authorities. And this can mean that the users may find themselves at loss. In a related development, Stuart Hoegner of Tether yesterday admitted that only 74% of USDT is backed up by cash or equivalents. And this is what we had suspected for so long. On top of that, there is not much clarity on the alleged losses by Bitfinex. But with the passage of time, it looks ever more likely that Bitfinex suffered some huge losses with currency conversion and had to borrow a significant amount from Tether.

[Seeker#9]

Bitcoin is in uptrend again after a short decline a day ago and compared to last year, the situation is more positive. The price of bitcoin managed to comeback after that bitfinex and usdt incident that brought down its price temporarily. This show that the bitcoin is now more resilence than before and can manage to overcome any FUDs and negative decelopments. But I believe that this sign will not lead to another ATH this year because it is still slow compared to the bullrun last 2017.

[deisik]

even though most of the indicators are showing positive with the new update from bitfinex and tether investigation  we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump

You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD.  We have no other way to go up to $6,000 Mark before the month ends

We had all already seen that, let's call it, inconsistency

It happened when Bitfinex had been cut off from the banking system and people couldn't withdraw fiat (only on an individual basis). Such discrepancy typically means that people are trying to withdraw their funds via cryptocurrencies no matter what the price is. I can tell you what might happen next. If things continue to develop along this path, expect limits imposed on withdrawals up to a point where all withdrawals are disallowed altogether. They will start to tell you all kinds of bullshit (like what Craptsy did), but in actuality it means just one simple thing, that the exchange is bankrupt

[moynul2050]

some crypto currencies actually fall with a bitcoin increase that is slow and sometimes falls within a few days, therefore this has not yet fully happened. bullish is still running slow maybe it can't even say that bullish has come. this is still in process, until the bullrun really happens some time to come.

[el kaka22]

even though most of the indicators are showing positive with the new update from bitfinex and tether investigation  we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump

You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD.  We have no other way to go up to $6,000 Mark before the month ends

We had all already seen that, let's call it, inconsistency

It happened when Bitfinex had been cut off from the banking system and people couldn't withdraw fiat (only on an individual basis). Such discrepancy typically means that people are trying to withdraw their funds via cryptocurrencies no matter what the price is. I can tell you what might happen next. If things continue to develop along this path, expect limits imposed on withdrawals up to a point where all withdrawals are disallowed altogether. They will start to tell you all kinds of bullshit (like what Craptsy did), but in actuality it means just one simple thing, that the exchange is bankrupt

I think not being able to withdraw fiat is not a huge problem in the bitcoin world today. Thankfully there has been surge of bitcoin exchanges recently and that trickled down to local exchanges as well, even in many third world countries there are at least couple of options to choose from to turn your bitcoins to fiat.

It is changing fiat to bitcoin that has been an issue and that is the reason why we dropped from 20 thousand dollars too, not having the ease of fiat to bitcoin at any time.

Bitfinex not being able to allow people to withdraw fiat is fine, people could use another exchange just send their bitcoins from bitfinex to that exchange and the problem is solved, hell they could even do localbitcoin to change as well and that is open to whole world so its quite easy.

[fasdorcas]

Bitcoin is in uptrend again after a short decline a day ago and compared to last year, the situation is more positive. The price of bitcoin managed to comeback after that bitfinex and usdt incident that brought down its price temporarily. This show that the bitcoin is now more resilence than before and can manage to overcome any FUDs and negative decelopments. But I believe that this sign will not lead to another ATH this year because it is still slow compared to the bullrun last 2017.

By now, I think everyone should have seen clearly that ATH this year would be impossible, bitcoin BULLS really wishes to really get it to ATH these year, but all these FUD news are just not helping the situation, but I believe they will all be overcame before the end of the year for us to see the ATH next year.

Bitcoin not setting foot on ATH this year doesn’t mean that bitcoin will remain stagnant and not appreciate, as you said, with all the tether news, bitcoin still did not dump below $5000, we will still continue on this green market till the end of the year, so it’s very much safe to invest in BTC now.

[salty]

Crypto market bullish is strong sentiment we are seeing among most of the investors we can say this type of market sentiment we saw way back in 2017 now the same positive atmosphere in cryptocurrency

The atmosphere is really positive and we can see it at today's price of bitcoin(5823$) and other cryptocurrencies.The bullish trend will of course dictate bitcoin.

[pieppiep]

Crypto market bullish is strong sentiment we are seeing among most of the investors we can say this type of market sentiment we saw way back in 2017 now the same positive atmosphere in cryptocurrency

The atmosphere is really positive and we can see it at today's price of bitcoin(5823$) and other cryptocurrencies.The bullish trend will of course dictate bitcoin.

a few hours ago the increase in the price of bitcoin was very good and made a lot of people impressed because the price could rise as expensive as that and this could make traders more enthusiastic because it was triggered by price increases that occurred at the exchange.

[calya]

Crypto market bullish is strong sentiment we are seeing among most of the investors we can say this type of market sentiment we saw way back in 2017 now the same positive atmosphere in cryptocurrency

The atmosphere is really positive and we can see it at today's price of bitcoin(5823$) and other cryptocurrencies.The bullish trend will of course dictate bitcoin.

a few hours ago the increase in the price of bitcoin was very good and made a lot of people impressed because the price could rise as expensive as that and this could make traders more enthusiastic because it was triggered by price increases that occurred at the exchange.

current price could be the trigger to attract new investors or old investors comeback to cryptocurrency market again.after few days ago bitcoin shows good growth, they maybe will be interested again to invest in bitcoin.

[Aldrinx00]

Yes Bitcoin seems to hit the bottomed and now entering a bullish phase, that %20 gains is huge and investors are accumulating bitcoin again because as you said big companies like facebook is entering into cryptocurrency with billions of users around the world the impact on bitcoin as well as other crypto will be huge.

[Fredomago]

Yes Bitcoin seems to hit the bottomed and now entering a bullish phase, that %20 gains is huge and investors are accumulating bitcoin again because as you said big companies like facebook is entering into cryptocurrency with billions of users around the world the impact on bitcoin as well as other crypto will be huge.

Those who invested at the bottom are now enjoying the increase, this rise really brings more people to get involve with crypto industry, we will be seeing or expecting more of it when every big businesses and players also join in and start riding with this investment currency, there's many more to expect when adoptions will take place.

[Bitcotalk]

If I say that taking a step to buy in wasn't the right thing to do, then I'll be saying the wrong thing. It's really good that I took the step to buy and also had the patience till this time. The price seemed to be declining a bit this week, cause I saw when it dropped back to $5.3k, today is a different story cause it seems to be bullish to today, already at $5.6k, even close to $5.7k. Some analysis I have seen have predicted that there is going to be an increase to the rate of $6000 before the month ends and I really hope that is true.before this year ends we are likely going to see another high price indeed.

[BlueStackz]

Crypto market bullish is strong sentiment we are seeing among most of the investors we can say this type of market sentiment we saw way back in 2017 now the same positive atmosphere in cryptocurrency

The atmosphere is really positive and we can see it at today's price of bitcoin(5823$) and other cryptocurrencies.The bullish trend will of course dictate bitcoin.

What? I have been so busy for the past 2 days that I didn’t check the price of bitcoin, people that don’t believe in prediction can now see that sometimes, it is good to listen to experts, I am not saying follow their opinions, but listen to them and build on them.

So many speculators, speculated the price of Bitcoin to really hit $6000 at the end of this month, but it seems that bitcoin is trying to get faster than its shadow and I am really happy that it has disappointed those who are still think bitcoin has not bottomed and would still fall lower than the value, even when they tried to use tether news to discourage investors, it still didn’t work.

[Marry Finch]

It is necessary to agree with the opinion of many participants of this forum that the slow growth of the cryptocurrency market with numerous kickbacks in price can hardly be considered the beginning of a bull market. Undoubtedly, we are seeing a good uptrend: only for the past April, Bitcoin increased its price by almost one and a half thousand dollars. In recent days, we again see a good increase in its price. Bitcoin for the second time will try to master the price of 6000 dollars. If he does this and exceeds the price of $ 6300, then we can assume that the bull run has begun.

[Mila52]

If to look at the dynamics and statistics a price of  bitcoin , then it depends on the state of the global economy. Another world crisis is advanceing. Bitcoin acts as a funded asset and capital is accumulated by major players and corporations.
In 2017 year , the Bloomberg agency predicted a price of $ 40,000 btc at the end of 2018)