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Author Topic: Is bitcoin bearish or bullish  (Read 418 times)
BIN-BIN
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September 03, 2019, 07:39:57 AM
 #1

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/
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September 03, 2019, 07:54:37 AM
 #2

Depending of the concurrency and investors, the developpment, the people, bitcoin could reach $100,000 or $100.

Nobody can know. A lot of things will happen between today and the "next few years".

If bitcoin reach $50,000 in few years (2 or 3) it's already a lot.

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September 03, 2019, 08:31:52 AM
 #3

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September 03, 2019, 08:41:42 AM
 #4

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/

Personally, I am bullish on Bitcoin in general. However, with the way things are happening these days I think it can take a lot of time before Bitcoin can be able to reach the $100K level. And based on 2017, it is not good for Bitcoin to shoot up into the moon like a rocket because doing so can mean there is a bigger risk it can fall from the sky with a big bang. Slow but sure growth can be what I am preferring. Overall the market is actually good as we are heading towards the end of 2019 and ushering the new year.

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September 03, 2019, 09:05:21 AM
 #5

Its bullish since around 3k.corrections doesnt mean its bearish, ofcourse there will be corrections after huge climb.my thought is big move (up or down) will be in a month.

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September 03, 2019, 12:28:43 PM
 #6

I think it is more about bitmex people removing their orders (or adding, I am not sure) instead of just one guy Grin.

I mean surely he did had some affect on it but considering it was just in minutes and the biggest movement was in bitmex and surroundings about how bitcoin was going down, I wouldn't be shocked that the power of bitmex and leverage trading still has over bitcoin price.

We have to find a way to stop their manipulation power somehow, it is not acceptable that just bitmex itself can decide what the price will be, when I say bitmex I don't mean the website itself or the owners, I mean the users. Those whales just make money from manipulation and they collectively decide on something and suddenly the price goes wherever they decide and we can't continue like that forever.

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September 03, 2019, 12:42:00 PM
 #7

With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.

Historically Bitcoin had slow movements and fast movements. Actually Bitcoin price is known to be highly volatile.
So if you think that you've found a pattern, I don't think so. It's clearly far from linear.

And he fact it had a nice jump these days, it doesn't really give much of a clue of what will it do tomorrow.



Overall, imho Bitcoin (price) is bullish. And it will be still "overall bullish" even if, for example, it'll fall to 4000$ tomorrow (!). Just because (imho) sooner or later it'll recover and go even higher.

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September 03, 2019, 12:49:43 PM
 #8

If bitcoin's dominance remains to be at the level of 70% for the next years to come. I'm optimistic that $100,000 is possible. And isn't it enough to believe that bitcoin can reach the prices that we're not expecting?

It may be hard to accept for those who didn't bought at the lows that it's starting to show its true nature and that is becoming bullish. You can think of it as bearish whenever it goes down a bit but it's basically the normal attitude of it.

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September 03, 2019, 12:51:40 PM
 #9

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.

Bitcoin is definitely bullish right now. I mean look, it's surged 5% or something in the past hours. Oh wait. It's slid down again like maybe 4%. So no, it's definitely bearish right now.

What slow and staggering price movement are you on about? Are we looking at the same Bitcoin chart? Wink

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September 03, 2019, 01:05:49 PM
 #10

90% of the time bitcoin is bullish simply because it is on the way to mass adoption and so far we have only covered about 1% of the way to that so there is still a long way to go before we reach the target.
right now, we are in a bull market but only in the beginning stages of it. after the recovery in the first 6-7 months of 2019 we are now getting ready (with accumulation phase) for the actual bull run rise.

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September 03, 2019, 04:58:26 PM
 #11

90% of the time bitcoin is bullish simply because it is on the way to mass adoption and so far we have only covered about 1% of the way to that so there is still a long way to go before we reach the target.
right now, we are in a bull market but only in the beginning stages of it. after the recovery in the first 6-7 months of 2019 we are now getting ready (with accumulation phase) for the actual bull run rise.
You are right bitcoin within the last 7 months have gain some amount of momentum which is an indication that the bull market is around the corner but even at that it hard to predict what the future holds for bitcoin since we are in a volatile market.
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September 03, 2019, 05:59:04 PM
 #12

Bitcoin and other digital currencies will soon begin to recover after a recent fall and begin to grow. Already, Bitcoin has made a breakthrough in $ 10,000, which cannot but rejoice.  This is the start of a new bullish trend.

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September 03, 2019, 06:58:18 PM
 #13

We have to say Bitcoin is bullish if it closes above 10300 today at midnight UTC or forum time.


I havent drawn in the downtrend on this chart but you can see we've had a series of regular high prices that were lower then previous weeks.   So a negative trend, if Bitcoin is establishing a high now at 11,000 or similar then its breaking that declining trend and I think we can say its breaking out of that trend.

The blue line is 50 day average, its closing above that today.   The horizontal lines are Fib % of previous falls, its quite bullish its fair to say.

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September 03, 2019, 08:53:33 PM
 #14

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/
At least the price is starting to grow back again after it falls to $9,500 last week and i think it is starting to get bullish this week hoping it would break the $11,000 resistance and would break the $15,000 or $20,000 since that was the ATH of Bitcoin.

Some analyst can say whatever they want but it is just pure speculation since no one actually knows when would that happen. Hitting $100,000 is a bit too much this someone would suggest it by next year. I can't anything about the future price yet i am very optimistic to look at the price of $100,000 next year.



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September 03, 2019, 08:58:57 PM
 #15

I would definitely agree we're bullish at the moment as well. I've been looking at RSI recently and it shows as overbought on most of the hour timeframes like 4H and 1H (but obviously RSI can remain overbought and oversold for long periods of time), but we're also looking at a green MACD flip at last on the daily at the moment, and the 21 MA's crossed over the 50MA and looking to cross over the 100 soon as well. Currently looking for a dip to buy at the moment as I feel there's going to be a minor correction soon, but I'm still bullish mid and long-term.

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September 03, 2019, 10:43:03 PM
 #16

At least the price is starting to grow back again after it falls to $9,500 last week and i think it is starting to get bullish this week hoping it would break the $11,000 resistance and would break the $15,000 or $20,000 since that was the ATH of Bitcoin.

I think the $14,000 level will be one of the most important levels to break through this or next year. If we break through that, you better make sure to not sell any of your coins and ride the run up to $20,000 and hopefully beyond. The highest ever monthly close is ~$14,000 and let that be where we peaked some months ago. Algos will instantly unload upon retest so we need a lot of buying to come in and eat through all these sales.

Short term speaking, we need higher local highs, and so far we've only had lower local highs. If we start making higher highs the odds of a $14,000 retest will be in our favor. One more sub $9500 test will probably lead to a break down so that's what we have to avoid for now. Testing the same flat support levels isn't bullish as some people like to think.

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September 03, 2019, 11:56:49 PM
 #17

Bitcoin will have a bullish trend this year and will continue till 2021. Price will reach $50k on that year and will become stable as the year passed.  No doublt having 1 btc will make you a millionaire someday.

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September 04, 2019, 12:10:20 AM
Merited by figmentofmyass (1)
 #18

it's a tough one and depends what time length you're talking about.

Long term going off TA still bullish going off speculation it's anyone's guess really but I'd still say bullish.

Here's the thing, I stopped investing in BTC awhile ago, my logic was it's no longer the cheapest and fastest cryptocurrency out there anymore, it's quickly moved into store of value. For this reason, today's bitcoin is significantly different to Satoshi's vision. I'm not bitching about it, just stating facts, there's still a lot great about Bitcoin BUT right now I can't send payments for fractions of a penny and I can't send it within seconds, it's not scaled well.

Due to all of this, I used to think to myself 'it's literally a matter of time before people realise Bitcoin isn't worth 10k or more in it's current state, but honestly it's not about any of that anymore. I was thinking to myself, what stops people seeing gold as just a piece of useless metal, what stops money from just being a piece of paper. All of these things hold value because we humans give it value. When people first started using forms of money or precious metals, they started out as useless and valueless, they became valuable because we adopted it and agreed upon it.

The price of Bitcoin now has got that way because people have agreed upon it and keep it there, it's been holding highs of several thousands of dollars for a couple of years now, with that many people invested in Bitcoin, I think it's success and value is set in stone, I don't think it ever will reduce below the thousands line again.

So I think the future is bright for Bitcoin, despite my personal opinions or anyone else's for that matter, Bitcoin has etched itself into history and I think to bet against it would be very risky indeed.
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September 04, 2019, 12:13:47 AM
 #19

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/

If no such thing that will spoil the progress then you can bet that prediction will happen.

But that will take several years in the making. Following some of the current properly backed-up analysis might give false expectations. Too early to expect that.

Can we wait first for bitcoin price to reach its last ATH? then $25,---, $30,--- and so on? As long as a good foundation will formed on such higher floors, it will increase the chances that we will see bitcoin at anyone's dream price.

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September 04, 2019, 02:13:08 AM
 #20

As the dominance level of bitcoin is found above 70% there is more hope among the common people that it'll reach $100000 easily. From my understanding to what extent this is going to be a truth is still a dream. Maybe this will make the base more stronger than ever, and could attract the entire altcoins investors towards it.

The bearish and bullish trend changes with time period, as of now more good news is found often which makes most of the manipulation un effective. Moreover the ongoing month is a milestone for bitcoin as Bakkt is getting launched. This confirms more chances of the bull trend to continue.




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