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

[creeps]

Looks more like a calf market to me, with moderate surge rather than massive climb we saw in 2017. I really don't see any reason for bitcoin to see that kind of growth this month.

I guess enjoy it while last? If you bought around 3k, just a few more hundreds would already be a nice exit.

We all know what happen if the same massive climb happens in this year rally,. it will be followed by another massive dump.

This moderate surge is better to create a steady momentum and price growth.

That's true, after this pump there will be another corrections but i believe that would be on a higher price. Its too early to be pessimist, we are just starting to pump and until now there is no confirm uptrend so better to thing for the possible pump first before thinking for a dump. The market wake up, but the bull is still waiting for the time it will finally come unexpectedly so wait for that. We are on the second week of April, let's see the trend this week patiently.

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[waynechong1995]

Nothing much convincing facts that support the sudden surge for me, no major adoption or real dataset supports the insane 20% pump, it's either a miracle outbreak or simply shady injection that profits from other coin pumps by placing huge orders on bitcoins.

[annango]

Mildly bullish, I guess it's an accurate description of what is currently happening now.
Price is increasing so we can still expect that there will be higher increase to come since we are not full bullish yet.

Will probably be waiting for that time.

Yep, i do think that "Mildly bullish" is the suitable illustration to the current market. Especially, it shows our big expectation of a bull runs, even the increase is not too much, it's alright and it has been pleased many of us. To say frankly, the rising is setting the tone for the reason that my holding decision is completely accurate. With the current situation, the market shows a continuously slight increase. Although nothing can say for sure in the crypto market, still i believe that bitcoin will soon have a breakthrough again in 2019.

[coinplus]

That is the thing about bitcoin, it all starts with just one move. If you see the price at 20k and than it moves to 18k you know its going to keep going down. If it stays at 3.5k and then doesn't move anywhere you know its not going to move anywhere. If you see it go up than you see it keep going up as well.

Basically, when bitcoin does a move to any direction, its never a small one, it keeps moving to that direction until that direction can't be sustained at all, like when going up 20k was the limit and we couldn't move beyond that, I mean we wanted to but we couldn't so this is the same, this time we will try to go as high as possible again and we will do it as much as we can afford , not just a small tiny increase, just full on big increase that all our efforts combine can help us reach.

[Crypdon]

Mildly bullish is a bit of an understatement. It has risen a lot this past week and managed to push itself into the recovery zone. A break back to the $6500 stable levels will guarantee it's survival and it can take a new status i.e 'recovered'.

[posi]

The crypto bull is expected because bitcoin is the leader and has made some profit, so every other coin will follow from that. Therefore, I'm not surprised that exactly that is what is happening.

Just Bitcoin was the leading coin was not the major reason for the bullish market because the genuine reason was the strength of resistant to dump which Bitcoin was the reason why investors and trader decide to hold more Bitcoin than altcoin which literally to the bullish movement of Bitcoin price.

[Xampeuu]

The crypto bull is expected because bitcoin is the leader and has made some profit, so every other coin will follow from that. Therefore, I'm not surprised that exactly that is what is happening.

Just Bitcoin was the leading coin was not the major reason for the bullish market because the genuine reason was the strength of resistant to dump which Bitcoin was the reason why investors and trader decide to hold more Bitcoin than altcoin which literally to the bullish movement of Bitcoin price.

it is inseparable from the influence of bitcoin on other altcoins. besides that with the biggest marketcap, of course bitcoin is the main choice for investors to put their funds. especially with the current increase, of course the closest hope is to be able to penetrate the resistance above

[Mometaskers]

Looks more like a calf market to me, with moderate surge rather than massive climb we saw in 2017. I really don't see any reason for bitcoin to see that kind of growth this month.

I guess enjoy it while last? If you bought around 3k, just a few more hundreds would already be a nice exit.

We all know what happen if the same massive climb happens in this year rally,. it will be followed by another massive dump.

This moderate surge is better to create a steady momentum and price growth.

Yes, there's always are correction after. It's hovering around $5200, have no idea how high it can climb before falling again and how low the new floor would be. Hopefully it'll be 50% lower than the ceiling so we can get some profits.

[Aryleeto]

Mildly bullish is a bit of an understatement. It has risen a lot this past week and managed to push itself into the recovery zone. A break back to the $6500 stable levels will guarantee it's survival and it can take a new status i.e 'recovered'.

But now it's hard to call which started the bullish trend , I just think the market is still bearish , for me the figure of 6000 would mean that the market is recovering , but now we are near the resistance area and I doubt that'll work on the level

[jjjfff]

In May 2017 Bitcoin was worth U$ 1200.

That's 433% in 2 years.

In the meantime the fiat markets are fighting over 30 year Treasury yield curves of 2% a year. You need 216 years in Treasuries to earn what Bitcoin paid in 2 years.

Let that sink in for a moment.

[Pamadar]

Mildly bullish is a bit of an understatement. It has risen a lot this past week and managed to push itself into the recovery zone. A break back to the $6500 stable levels will guarantee it's survival and it can take a new status i.e 'recovered'.

Still far from that level and most of the achievers might be cashing out by now, the good thing is bitcoin still trying to hold on its ground and we are not
experiencing any massive dumped where the value fall too much, if this will continue and additional investors to come forward, recovering stage will continue to prosper and possibilities to have a good bull momentum will happen.

[lutfi-hasan]

In May 2017 Bitcoin was worth U$ 1200.

That's 433% in 2 years.

In the meantime the fiat markets are fighting over 30 year Treasury yield curves of 2% a year. You need 216 years in Treasuries to earn what Bitcoin paid in 2 years.

Let that sink in for a moment.

Yes, I think people today seem to be able to switch to Bitcoin trading rather than trading Fiat, because it's very clear what you write here is that it's very long to wait for profits from Fiat trading, very different from Bitcoin trading which is a very price increase high. it only takes 2 years.

[Malsetid]

Mildly bullish is a bit of an understatement. It has risen a lot this past week and managed to push itself into the recovery zone. A break back to the $6500 stable levels will guarantee it's survival and it can take a new status i.e 'recovered'.

Still far from that level and most of the achievers might be cashing out by now, the good thing is bitcoin still trying to hold on its ground and we are not
experiencing any massive dumped where the value fall too much, if this will continue and additional investors to come forward, recovering stage will continue to prosper and possibilities to have a good bull momentum will happen.

Yeah and that's what a lot of people are aiming for i think. And currently we're holding strong above a 5k support line and that's what i was looking at when we made this run a few days ago. If we could hold on to this level them it could possibly be a jump off to higher value in the next 2 or 3 months. Not saying it's a bull run but that would be a good start.

[Netnox]

The question is whether this surge can be sustained or not. If the demand is not there, then it may not be possible to hold on to these prices. Also, another thing to remember here is that the exchange volumes are still no way near those we had during the 4th quarter of 2017.

[sana54210]

Mildly bullish is a bit of an understatement. It has risen a lot this past week and managed to push itself into the recovery zone. A break back to the $6500 stable levels will guarantee it's survival and it can take a new status i.e 'recovered'.

Still far from that level and most of the achievers might be cashing out by now, the good thing is bitcoin still trying to hold on its ground and we are not
experiencing any massive dumped where the value fall too much, if this will continue and additional investors to come forward, recovering stage will continue to prosper and possibilities to have a good bull momentum will happen.

You are right, and believe me, most of these achievers are cashing out not to really leave the market completely but to wait for another opportunity that will come for them to buy at lower price, and if they succeed, they will still have their money back in the market to join the strong and mighty that stood in the market and by the market without removing a dime, all these joined together will really make us to see a faster bull run as soon as possible.

I know that the ATH for bitcoin might not be this year but the price increase will be so great this year too that we will confuse it to that of its ATH.

[coin-investor]

this is the beginning of q2 this year and the bitcoin value shows a significant increase of 20%. this is a good start and if it can continue to q3, it is not impossible that the end of the year will exceed the end of 2017.

We are ending the first quarter with a good market condition, but we have still a long way if great continues to flow including the ETF approval I don't see any reason why cannot reach or even surpass the all-time high, who knows we can also set another all-time high record.

[whirlcoin]

Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation.


SFOX: Low Volatility and Rising Investment Bolster Crypto’s Bull Case


The crypto market remains “mildly bullish” heading into April. | Source: SFOX

According to SFOX, the crypto market remained “mildly bullish” heading into April. In March, the main fundamentals were low volatility and increasing investment. Similar to February’s report, SFOX was encouraged by the continuing investment in cryptocurrency infrastructure despite Bitcoin’s sideways trend.

    “At the same time that crypto volatility was decreasing, reports told of major companies like Visa and Facebook investing in crypto technologies. This reinforces the narrative that the industry as a whole is continuing to mature, attracting the attention of more institutions as infrastructure improves.”

Maturity is a big deal for an asset class that wants to become a widespread medium of exchange. Of the two corporations mentioned, the involvement of Visa is possibly the most interesting. Naturally, they have the most to lose from not evolving to the threat from Bitcoin. If Visa sees applications for cryptocurrency, this is a tremendous affirmation of the “usefulness” case argument.


Reference: https://www.ccn.com/crypto-market-bullish-in-wake-of-bitcoins-20-surge

it will not sleep for very long time there is some time to wake up everything and I think this year will be the year for making the Crypto field more stronger than before and the possibilities are also seen by me in recent times to get involved with the market.

[richmcrich]

The question is whether this surge can be sustained or not. If the demand is not there, then it may not be possible to hold on to these prices. Also, another thing to remember here is that the exchange volumes are still no way near those we had during the 4th quarter of 2017.

You’re making a huge point that no one else has mentioned here. Though before this time I have seen a few people claim that this was going to be a short bull run and I don’t know if that’s true. But, the price has been going up steady without turning back. We don’t know what it is going to be next, since the market is hard to predict.

Overall, I think the market has entered into bull. I just woke up today to the price rate being at $5,260 and within few hours of checking back on it, it was already selling at $5,280. That was really quick, and this is a sign that the bull run is about to start but I don’t really know for how long this is going to be. Hope it kicks off bigger anytime soon.

[BTCevo]

Looks more like a calf market to me, with moderate surge rather than massive climb we saw in 2017. I really don't see any reason for bitcoin to see that kind of growth this month.

I guess enjoy it while last? If you bought around 3k, just a few more hundreds would already be a nice exit.

We all know what happen if the same massive climb happens in this year rally,. it will be followed by another massive dump.

This moderate surge is better to create a steady momentum and price growth.

Yes massive climb will always end up with a massive drop, but this is not bitcoin like in the past years anymore. Bitcoin price is surely steady and slowly crawling back to its peak, so if there is a dump, it will not that deep. Everyone sure need this kind of investment and with this everything can be secured and make a bullish market coming and gain profit

[ecnalubma]

Impressive gains but still we need to be cautious for some reasons that it could also drop sharply. It seems that more positive news are publish potentially good catalyst for bullrun probably can trigger all time high again, who knows? Everyone is expecting a good gains this year and I believe this year has a lot of potential.