Bitcoin (BTC) Bulls Near Exhaustion

[finaleshot2016]

"The cryptocurrency market has rallied for the tenth weekend in a row. Bitcoin (BTC) shot up about 3 % on Sunday, with the asset breaking past a short-term level of resistance. Despite this occurrence, which most analysts see as a sign that the ball is clearly in the court of the bulls, some are still wary of an imminent correction."

source: newsbtc

What's your thought? Do you think that bitcoin has still its own fuel to boost up or nah?
Bitcoin is near in 9000$, will you still hold your coin or trade it now because it might fall down?

[Cryptopher]

I think that Bitcoin (and alts) will see some heavy correction in the next week or so. This is based purely on a historic profile.

I wouldn't mind being wrong on this though :-)

[Ailmand]

I think that Bitcoin (and alts) will see some heavy correction in the next week or so. This is based purely on a historic profile.

I wouldn't mind being wrong on this though :-)

Well, there's no perfect speculation since the market is highly volatile. However, most people believe that the historic price of bitcoin and any other cryptocurrency only repeats itself in the same manner. So, this might be correct.

[Fundalini]

It'd be nice if the price right now could hover about that level because anything over that would be harmful for the long term price. In such a short period of time, bitcoin has gained $500+, and we have seen this before in 2017.

[MakeMoneyBtc]

If not now surely after it breaks $9k or $10k level it will drop at least 5-10%. That's just my opinion,I don't have any reason to sustain that but this happened almost every time in the past during this kind of periods so there is a big chance it's going to repeat again. Anyway,I personally don't think we'll see any big correction, it will probably be a small to medium drop that's going to last for a couple of days and then the price will start climbing up again.

[pakhitheboss]

I think the market still has some juice left. Bitcoin is facing stiff resistance at $9000 level but is still holding on to $8500 level. If the price goes beyond $8000 level then Bull run has ended, which at the moment is not happening. As Bitcoin price has been tested more than once at $8500 level. I still believe that Bitcoin will go beyond $10000 in the month of June and then you can expect price correction. Until then hodl and stay calm.  

[Astvile]

I think that Bitcoin (and alts) will see some heavy correction in the next week or so. This is based purely on a historic profile.

I wouldn't mind being wrong on this though :-)

Huge chance this speculation will happen.Bitcoin always repeat its track when its time for bullish market almost all pattern in price correction of bitcoin and alts and price pump in alts are followed so big chances that price correction will be there soon.

[KonstantinosM]

Not really

I'd say hold even if the price corrects temporarily. I don't think that bulls are so easily exhausted. I hope this time around the market is less bubble prone than 2017 but I remember the price rising for about a year.

If you believe in bitcoin and you want to put money behind it hodl and you'll get your due.

If you trade it it's almost the same as gambling, you'll probably lose it all, and the exchange (which would be the house in that analogy) will take their fee at best or go down with your funds at worst.

[pooya87]

bitcoin bull run has not yet even started. i don't consider what we had so far as a bull run. it was more like the market waking up and jumping out of its bed. also considering the fact that before all the drama in January began, price was already headed from $6500+ towards $7k+ and beyond so now that we are getting there after about 5 months we are just making up for the lost time.
that is why unlike some others i don't expect any major drops but also i don't expect to see a big rise to shoot above $10k either. a slower rise is more likely in my opinion.

[samcrypto]

I think that Bitcoin (and alts) will see some heavy correction in the next week or so. This is based purely on a historic profile.

I wouldn't mind being wrong on this though :-)

Huge chance this speculation will happen.Bitcoin always repeat its track when its time for bullish market almost all pattern in price correction of bitcoin and alts and price pump in alts are followed so big chances that price correction will be there soon.

I thought the corrections is already ended but looking now at the price it looks like another pump can happen and it will followed by correction. Yes, history of the trend is always be seen in the future and right now small corrections can happen, don’t look for any big dump because I know the bull will not allow that again.

[CryptoBry]

I am actually waiting for some corrections so that I can buy bitcoin at a lower price. And I think I am not alone many are still on the sideline just waiting and waiting for a little dip before diving into the waters. Bitcoin has been this way since I can remember, except if course if we are in the winter phase.

[Genemind]

I'm still holding my coins because I believe in the capability of Bitcoin. Honestly, I was doubtful about it when the price slightly dropped down last week but Bitcoin, as well as altcoins, are reaching a better value now. Things will surely get better soon. The market has been through its correction period so I guess it's a profitable time for most holders.

[stadus]

I think that Bitcoin (and alts) will see some heavy correction in the next week or so. This is based purely on a historic profile.

I wouldn't mind being wrong on this though :-)

I thought the correction is already over... Well, if that's what you believe, good luck, I hope this correction won't stay long and a bounce back will be witness again.

[sehoon]

Still a good sign for me. Even though bitcoin bulls near exhaustion, the bullish market in a while gave me hope that it could still come back anytime. Though we really can't say accurate things here, bitcoin has been here before and my guess is it's still going up in the next quarter of this year.

[killat]

"The cryptocurrency market has rallied for the tenth weekend in a row. Bitcoin (BTC) shot up about 3 % on Sunday, with the asset breaking past a short-term level of resistance. Despite this occurrence, which most analysts see as a sign that the ball is clearly in the court of the bulls, some are still wary of an imminent correction."

source: newsbtc

What's your thought? Do you think that bitcoin has still its own fuel to boost up or nah?
Bitcoin is near in 9000$, will you still hold your coin or trade it now because it might fall down?

On the short term we might see some corrections,  as Btc rised a lot during last weeks.

However, on middle-long term the trend will be bullish. We don't have to forget that next year will be the halving.

[Pursuer]

after a big rise like we had and an excited market the price rise is bound to slow down a little bit to "take a breath" so to speak. where traders start taking their profit out and then start accumulating more and get ready for the rise.
but none of this means the bull is near exhaustion. it is a perfectly natural thing to see a small correction like what we had a couple of days ago followed by a small short term accumulation before then next leg up.
of course many are still caught up in the 2018 bear market that want to remain in denial of the ongoing rise and keep expecting big drops to continue.

[Kakmakr]

The Bulls need some incentive like a cow in season.  

We need some positive news to trigger the bulls to run faster and I think we will see a sexy cow in the near future. We are waiting for a SEC decision and also Fidelity to make their move, so the cows are out there, someone just need to release them.  

The farmers <government regulators> are controlling the herd at this moment, so we need to kick down the barn door and make some noise for them to see us.      

[BeManga]

"The cryptocurrency market has rallied for the tenth weekend in a row. Bitcoin (BTC) shot up about 3 % on Sunday, with the asset breaking past a short-term level of resistance. Despite this occurrence, which most analysts see as a sign that the ball is clearly in the court of the bulls, some are still wary of an imminent correction."

source: newsbtc

What's your thought? Do you think that bitcoin has still its own fuel to boost up or nah?
Bitcoin is near in 9000$, will you still hold your coin or trade it now because it might fall down?

i think it will rise more in the next few months because of the incoming halving
in my opinion there are many people that are buying silently so i will just keep holding

[Leyss]

During the price increase over the past two months, Bitcoin spent several times on a small correction of its course, so it should be able to overcome the mark of $ 10,000. After that, he again goes to the correction. After some time, will begin to grow again. Thus, this year it will move more moderately, overcoming successive price heights several times and leaving for a correction. Therefore, I do not think that he is exhausted in his growth, this is a feature of his growth this year.

[D3m1r4wanti]

this is just the beginning, I believe bitcoin has not yet reached fatigue, this is only a correction of the increase in prices a few days ago. after that the bitcoin will fly towards the moon without tripping over the correction.