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Author Topic: Reaching $7000 so can we confirm the bull run?  (Read 604 times)
UnDerDoG81
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May 11, 2019, 11:17:31 PM
 #21

Likely we are on bull run if btc stay above $7K. Seems btc don't want to come down and still continue up trend. Perhaps there would be little pull back but we might see another bull run after pull back. Expecting btc should above $8K within couple of day. Then obviously we can say exactly we are in bull run. Although I am not technical analyser but I follow the trend of bitcoin.

Or in 5 hours lol
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mikeywith
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May 12, 2019, 02:47:43 AM
 #22


Mikeywith got rekt with the last stream of shorts , the bulls smashed my 6k resistance like it isn't there Grin , i was like hey bulls, can't you see the resistance? they happened to not give a fuck about it  Roll Eyes

 but hey i can't be right all the time , simply because I don't have that crystal ball yet


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May 12, 2019, 04:08:29 AM
 #23

How long do we have to wait to believe that this is a bull run? This already confirmed, we are in the bull run now.
I don't trust TA during the bull run as the market does not behave in a regular mode.

 
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May 12, 2019, 04:31:17 AM
 #24

I've read so many comments over the past few months, people saying that once we go past the 6k mark, it would be a solid confirmation of a bull market...Now it's 7k?  Roll Eyes  I don't think you need an exact price to finally say "we're in a bull run", what we need is constant upward movement in the market. If prices keep going up for several weeks or months (like now), then it's safe to say that we're already in a bull market.
At this time, Bitcoin also passed the mark of seven thousand dollars and now its price, according to the CoinMarketCap, is 7185 dollars. So in any case, we can say that the bull run has begun. I see that many simply do not believe in it, so long before it was in front of a bear market. However, it did happen. We would still have to solve the problem of fraud in ICO projects.

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May 12, 2019, 05:25:30 AM
 #25

Update: in less than 12 hours from this thread created bitcoin break $7000 and still going unstoppable for me it looks we can confirm this as bull run as of now.

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May 12, 2019, 06:17:49 AM
Merited by mikeywith (1)
 #26

As for Binance, this wasn't a huge hack for their size and users won't lose anything. I don't think their recovery is highly doubted. They're not like Cryptopia or something. Even if there's an exodus from Binance to crypto wallets and other exchanges, I don't see why that would be bearish for the market. Poloniex and Bittrex fading from popularity in mid 2017 didn't stop the bull at the time.

I'll say again, it's not about news or perception.

No money can get in or out of Binance. That is the world's biggest exchange by real volume. It may be pure coincidence but this bonkersdom has only kicked off after it removed itself from the playing field. That has to be having an effect.

I completely disagree. Binance has nothing to do with this rally. Everyone is just looking for reasons to explain away their disbelief about this rise in price. It's classic bull market behavior.

Why would Binance getting hacked and suspending deposits and withdrawals cause a parabolic rise? Serious question.

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May 12, 2019, 06:18:47 AM
 #27

There is huge price trend change on the crypto market and the prices almost doubled now from the prices of beginning this year,we almost had $1000 price increase in the last 24 hours alone so can we confirm now that no more bears for now even the corrections?

Any TA experts confirm it. Cheesy

The bull run is already confirmed.We don't have to reach 7K USD price in order to confirm it. Grin
Last month,the bitcoin price went from 4K to 5K in about 2 days.That was really weird.I thought that the whales are manipulating the market,now it looks like it's a stronger trend(still manipulated,though).
The market "bears" will sleep for a few months,I guess.

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May 12, 2019, 09:36:31 AM
 #28


Mikeywith got rekt with the last stream of shorts , the bulls smashed my 6k resistance like it isn't there Grin , i was like hey bulls, can't you see the resistance? they happened to not give a fuck about it  Roll Eyes

 but hey i can't be right all the time , simply because I don't have that crystal ball yet



Don't worry mate, if we were right all the time the life would be pretty boring I think. And mistakes are needed otherwise we don't learn anything from our life.

@extasie
I said that finally, I think people don't care about Bitfinex...  For the time being...
Because it's just the beginning of the story. But what about when the American justice(the NY stuff, IDRC) starts taking concrete action against Bitfinex? Currently, it is just like an "announcement" in media.

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May 12, 2019, 09:53:18 AM
 #29

This rise does not look too healthy to me.

Sure, it's nice to see your assets gaining 20% in a few days, but this is pure manipulation once again (in my humble opinion).

In case I am banned or cannot access my bitcointalk account on January 1, 2022, here is my BTC address for the bet with LFC:
1uo2hAbLvmvhvw5WzQ6c3Lsc45zmewrWe
Thanks bro. I am sorry you lost the bet but you fought well and I really appreciate you are a man of your word. All the best to you.
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May 12, 2019, 10:08:43 AM
 #30

This rise does not look too healthy to me.

Sure, it's nice to see your assets gaining 20% in a few days, but this is pure manipulation once again (in my humble opinion).

If it's not healthy, then don't forget to take your profit before it's too late. The price still going to go up this day, I am happy to see a big green candle after a long time ago I haven't seen and until this day, I can see that long green candle again.

The highest price has been a break, and the next big target will be at $8000. I am sure that the price can break and go to that price in this month. Perhaps, we can confirm this is a start for the bull run, and the coming will be near to us, so we need to place bitcoin in the price we want. We still don't know until how higher bitcoin price can reach.

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May 12, 2019, 12:07:40 PM
 #31

This rise does not look too healthy to me.

Sure, it's nice to see your assets gaining 20% in a few days, but this is pure manipulation once again (in my humble opinion).
There is no such thing as organic growth again, I think this big pump and dump is just a manipulation, but I would not bother over analyzing it, we know how the whales work, we should not only invest by holding, we have to capitalize in this situation.

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May 12, 2019, 12:15:30 PM
 #32

Checking the price today, I see some dumps, meaning that the support around the $7400 is broken. So the next support line is $7200 so let's see how it goes or there could be some pullback along the way.

We are already in a bull run, but it can be bumpy most of times and that is scary for most newbies who maybe affected by the price movement and then sell pulling back the price.


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May 13, 2019, 04:02:36 PM
 #33

The price of bitcoin is $7850 at the moment and $8000 will be broken in the next few hours,get ready folks and tighten your seat belts we will arrive the moon soon. Cool

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May 13, 2019, 04:38:53 PM
 #34

Yeah, this looks the real bull trend as we haven't really seen it increase by $2k in just a month and it's just been an upper trend followed in May 19. Last it touched $8k in July 2018. It's following a similar graph as 2017 when prices rose from $2k to $4k in just few months and it was around the same month when it happened May 2017. I can't see the reason why it's happening so I can assume another Pump.

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exstasie
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May 13, 2019, 04:46:21 PM
 #35

@extasie
I said that finally, I think people don't care about Bitfinex...  For the time being...
Because it's just the beginning of the story. But what about when the American justice(the NY stuff, IDRC) starts taking concrete action against Bitfinex? Currently, it is just like an "announcement" in media.

That's the thing. There was no concrete action here, just FUD. So like 2017 when Bitfinex and Tether lost banking capabilities, it was actually a trigger for the market to pump since Bitfinex USD and USDT holders were panic buying crypto to get out.

When the hammer really comes down, i.e. the FBI and DOJ seize Bitfinex's domain and unseals criminal indictments against the owners, it'll trigger a market crash I'm sure. It won't trigger a new bear market, but it'll provide a nice crash......maybe similar to the crash following the Bitfinex hack in 2016.

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May 13, 2019, 04:54:57 PM
 #36

Seems current bitcoin price $7.9K+ at coinbase price. Likely bitcoin is trying to break $8K zone, I believe we are on bull or on the way if bull run. I don't think it would take much time for next breakout of $8K zone. Noticed there lot of unique traffic increased in coinbase and Binance. I think this is sing of new investors. Likely new investors investing on bitcoin and that's the reason of unique traffic.

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May 13, 2019, 05:13:04 PM
 #37

Update: in less than 12 hours from this thread created bitcoin break $7000 and still going unstoppable for me it looks we can confirm this as bull run as of now.
The bear market was so long that many simply could not verify that the cryptocurrency market had changed and became bullish. However, it did happen. Yesterday, Bitcoin fell slightly to the price of 7154 dollars, but today has grown, according to CoinMarketCap, to 7822 dollars. This is clearly a bull market.

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May 13, 2019, 06:26:00 PM
 #38

Update: in less than 12 hours from this thread created bitcoin break $7000 and still going unstoppable for me it looks we can confirm this as bull run as of now.

I woke up today and bitcoin was 7000 and after I got back from work I saw that it went 7800.
This is what we want to see in the market. We want to have green days with huge increases (but these increases bring decreases). Old good days that reminds late 2017s.

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May 13, 2019, 06:29:22 PM
 #39

This is what we want to see in the market. We want to have green days with huge increases (but these increases bring decreases). Old good days that reminds late 2017s.

I don't really regard 2017 as the good old days. They lasted for an extremely short period of time then they made you pay with months and years of boredom and nothing. I'd be more content if it had reached this price level over the course of the summer. This don't smell too nice to me at least. Happy to be proven wrong.

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May 13, 2019, 06:41:55 PM
 #40

Bitcoin has almost touched $ 8,000 and there are still no signs of weakness. Some say it is related to Binance, others say that the main growth version is now the effects of the USA- China trade war.

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