Is bitcoin bearish or bullish

[pooya87]

With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

This time the bull run may not be the same as what happen in last 2017 bull run but i think there might be a slight changes when will be the final bull run to happen. We will just have to wait for more time to pass since the bitcoin halving is getting near, we could expect already a massive rally during that time.

Bitcoin dominance in the market but like what you said this bull run is not the same in 2017 but the good thing that I see in this current bull run its pump slowly but surely as what people expected this ber month a huge pump up but who knows what will happen to the market just stay tune and carefully whatch bitcoin price action.

you can't expect the market to skip steps!
so yeah, this is not like 2017 bull run because that would mean skipping a half a dozen steps. this bull run is like the 2015 bull run where price is slowly coming out of the lowest price that was reached after the previous bubble in 2013 at $1200. the reversal is nearly identical to today's reversal. that was from $150 to $500 and the launch from there to previous ATH ($1200) and setting the new ATH at $20k and this is reversal from $3100 to $10k and then launch to the new ATH possibly at $100k?

[guoyu78]

With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

Bull run! Bull run !! Bull run !!!, have we ever asked exactly what leads to bull run, do we just say it in our mouth as though it is just an English word and we just want to use it as expression, but how do we break it down completely. Bull run is not a formula, the fact that 2017 market movement happened that way does not mean that we should now expect the market to always follow that direction.

There were some activities that came to the market for the first time in 2017, look at the ICO, I would say that would be the first year that will have very great participation of investors then, and these investors activities at a goal contributed to why we have that bull run, but I have not seen anything looking like that right now, so we should just not expect too much than what bitcoin Is offering us slowly now.

[pixie85]

There were some activities that came to the market for the first time in 2017, look at the ICO, I would say that would be the first year that will have very great participation of investors then, and these investors activities at a goal contributed to why we have that bull run, but I have not seen anything looking like that right now, so we should just not expect too much than what bitcoin Is offering us slowly now.

In 2017 we were recovering from a long and painful bear market of 2015. Now we are in a very similar situation but a bit too early. 2017 was more like 2020 in this cycle and 2016 when we started the recovery was like this year.

People are expecting that we could go up even faster than before because there are many new things at play like bakkt and the recognition of Bitcoin around the world is much higher than it was in 2016. Anything could happen but we are bullish for sure.

[jhonjhon]

I'd love to see how the market works and even wondering what will happen next.
Not exactly we could tell that we are going to move high or just dump in a few days later. Nobody could tell and even experts fail to tell. What makes this crypto so beautiful is that it is full of excitement and a lot of surprises.

If the market will be in enduring bullish season, it would be great but how if it turns down deeply in the 4th quarter? It everyone will cry cause we have failed again with our expectation.

[STT]

So I'm always looking at market open around this time as we approach Tokyo and Asia trading for BTC and of course all the smaller exchanges which in theory represent billions of people potentially but I consider this a good signpost for the week as this is the working or trading week of 5 days starting.  
   I think we remain still bearish as we did little over the weekend and still seem to be exploring the downside potential and support possible



We are right next to the 50 day, this is just a short term chart but I think a tight stop loss and a short is reasonable while speculating short term

[Capt00]

So I'm always looking at market open around this time as I frame it as we approach Tokyo and Asia trading for BTC and of course all the smaller exchanges which in theory represent billions of people potentially but I consider this a good signpost for the week as this is the working or trading week of 5 days starting.  
   I think we remain still bearish as we did little over the weekend and still seem to be exploring the downside potential and support possible



We are right next to the 50 day, this is just a short term chart but I think a tight stop loss and a short is reasonable while speculating short term

It could still be possible that we end up like these this year. Market resistance still at low, nothing to be sure that it will start to move in the 4th quarter.
As we could see from 2nd to outgoing 3rd quarter, the market still doing good and we might be puzzled what will happen next quarter.
 
Anyway, whether we like it or not, we have to accept what will happen, nothing has to blame.

[Bitcoininvestment]

The condition of bitcoin in the market will depend on the people who buy it because the demand dictates if there will be bullish market where some people will set their bitcoin in high price. But, still bitcoin remain in the price of 10,000$+ and I think the bullish is near simply because there are few days until the last quarter of the year.

[TIDOVEE]

As far as the market indicates now, we are not at the bullish market. We are at the boundaries of the bearish market but hopefully closer to the bullrun, we are still rigmaroling between $9,500 & $10,000. Market resistance is still low. The improvement of the market is no more about what time of the year we are. A lot of speculations have fail. I am sure when we see the bull, we will recognize it.

[bitbunnny]

Sometimes the conditions in the market is such that is hard to determine. I would say that at the moment we are in similar phase when we had mixture of both. But if you ask me this year we haven't seen true bullish phase of Bitcoin and probably it will not happen until the end of the year.

[The Cryptologist]

I'm very sure that we are still in a bullish sentiment but not compared to last few months were increase in price is much more aggressive and rapid. The price of bitcoin is raging from stable to bullish and it just keep going from $10k back to $9k and then again and so on. But because of the halving event hype, the bull period will surely stay as we get closer prior to that.

[Wipangga]

if I think bitcoin will also work, because I also believe that bitcoin will also provide more favorable prices in the future, seeing the development of bitcoin prices every day also ups and downs also improve.

[Slow death]

The price of bitcoin is raging from stable to bullish and it just keep going from $10k back to $9k and then again and so on. But because of the halving event hype, the bull period will surely stay as we get closer prior to that.

looking at the altcoin market it looks like people are actually selling their altcoins to buy bitcoin, and they are selling their altcoin to buy bitcoin because of halving, but I hope more fresh money gets into the market with BAKKT

Maybe this is the start of bull run ,cause i saw the latest  news and posted on different social media sites that bakkt is now accepting bitcoin deposits,.this is what were waiting for.

after the 23rd we will see what impact BAKKT can bring in price, it will be quite interesting to see

The struggle for me is how can I buy again with the expensive price.

And how can we know if the price is high or low? If one day the  price reache $30,000 then will say: I regret not buying when the price was $10,000.

[1Referee]

I'm very sure that we are still in a bullish sentiment but not compared to last few months were increase in price is much more aggressive and rapid.

People said the same thing last year. Just because the prior price action has been bullish doesn't mean it can't top out and reverse. Be wary of those who make it look like that we're definitely going to see bullish continuation. Trends do reverse and the current formation is bearish by nature and very much indicative of a looming reversal.

I tried to look at the market from a bullish perspective, but the more time goes by the more evidence there is that we hit the exact support and resistance points confirming a descending triangle. It doesn't by default mean that we will go down, but the probability favors a bearish outcome. Last year we capitulated from a descending triangle too. Result was a 50% crash to $31xx.

[Ridwan Fauzi]

Maybe this is the start of bull run ,cause i saw the latest  news and posted on different social media sites that bakkt is now accepting bitcoin deposits,.this is what were waiting for.

Believe me I have often heard these speculation and news like this for a long time, but the price of bitcoin is still low and there is no extreme movement, bitcoin has reached a bull run some time ago, but stopped in short time. if you have not yet seen the price shows a positive trend and good news, then the bullish has not happened yet.

At least bitcoin price movement has gone away on the bearish market. Yeah I think $3500 is the lower price that can be reach by bitcoin and after that we will never see it again. About the bull run that had happened in August last month was the very strong movement until we never saw that its price touch below $9000 which is mean there is a possibility for the price touch another ATH but we never know it will happen. Expect if bitcoin price goes below of $9000 form the current market then I have a prediction that its price will goes deeply and after that will increase again.

[Republikcoin.com]

Sometimes the conditions in the market is such that is hard to determine. I would say that at the moment we are in similar phase when we had mixture of both. But if you ask me this year we haven't seen true bullish phase of Bitcoin and probably it will not happen until the end of the year.

for now, the bitcoin phase cannot be said to be a bull run or bear market, in fact, it is very difficult to guess its movements. it can be up or down depending on the user. for now, I still predict that bitcoin prices will rise by the end of 2019. some predictions today say that the price of bitcoin can reach $ 10950 if there is a recovery. even though it's not such a high number, it's just that it's a good start.

[shoreno]

for now, the bitcoin phase cannot be said to be a bull run or bear market,

there is already a bull run that happened this year . it happend last few month ago but that is over . now we are on the new cycle or on the next cycle rather which was called a bear.

bitcoin is both bearish and bullish depending on the its value or depending on the mood swing of its users rather   . not just only for a regular bitcoin user but manipulators such as whales are the ones that dictates the price the most if it will go up or down  . we cant do anything about it aside from going with the flow or riding with the waves

[redsun114]

Long term bullish, mid term bullish, near short term bearish if you ask me. There is a gap in 8k which made it difficult for us to go up and because of that gap price is always drawn downside and that hurts us constantly, if we could just focus on getting that closed, sell all together and than decide what we will do later than we can actually make it back to 15k and more later on, without getting that its impossible for us to go up. So, that is why I believe in near short term bitcoin will definitely go down and than we will skyrocket afterwards.

However, if you look at the long term, its a great time to buy, 8k or not eventually I believe bitcoin will reach that 20k all time high and than even go up more than that later on so its a perfect time to buy right now.

[RealMalatesta]

I'm very sure that we are still in a bullish sentiment but not compared to last few months were increase in price is much more aggressive and rapid. The price of bitcoin is raging from stable to bullish and it just keep going from $10k back to $9k and then again and so on. But because of the halving event hype, the bull period will surely stay as we get closer prior to that.

For now till the bull run end which will be next year we will remain bullish, though we might still be seeing some symptoms of bears at times in the market but those bears are not strong enough to create a big dump, they are just baby bears that  easily be over powered by the bulls.

In every bullish trend, there is no way that we will not always have some corrections, and I think this is the correction that is always accompanying a bullish trend, but we are yet to be fully bullish and this is the time for us to sill prepare for the main bull because I know that when the main bull arises, we will surely go almost 3x of the currency value of bitcoin, so I also still see this present trend as a baby bull but string enough to hold the market on a green lane for the main time.

[Lanatsa]

I'm very sure that we are still in a bullish sentiment but not compared to last few months were increase in price is much more aggressive and rapid. The price of bitcoin is raging from stable to bullish and it just keep going from $10k back to $9k and then again and so on. But because of the halving event hype, the bull period will surely stay as we get closer prior to that.

For now till the bull run end which will be next year we will remain bullish, though we might still be seeing some symptoms of bears at times in the market but those bears are not strong enough to create a big dump, they are just baby bears that  easily be over powered by the bulls.

In every bullish trend, there is no way that we will not always have some corrections, and I think this is the correction that is always accompanying a bullish trend, but we are yet to be fully bullish and this is the time for us to sill prepare for the main bull because I know that when the main bull arises, we will surely go almost 3x of the currency value of bitcoin, so I also still see this present trend as a baby bull but string enough to hold the market on a green lane for the main time.

Too early to say with 3x with the current price of BTC itself but this can potentially happen when the market turns to full bull run.For now we are seeing sideways accumulation but somehow we can see some progress or recovery from the price.We cant say its already bullish yet there would always be some pullbacks but its good to see that we are gradually breaking out monthly higher highs and now we  are trying to break that 10800 price but it seems it will still take time for us to achieve such event.For now you can utilize this wave like movements in price rather than going for long term yet making profits into this time is ideal if you do know on what you are doing.

[Distinctin]

Long term bullish, mid term bullish, near short term bearish if you ask me. There is a gap in 8k which made it difficult for us to go up and because of that gap price is always drawn downside and that hurts us constantly, if we could just focus on getting that closed, sell all together and than decide what we will do later than we can actually make it back to 15k and more later on, without getting that its impossible for us to go up. So, that is why I believe in near short term bitcoin will definitely go down and than we will skyrocket afterwards.

However, if you look at the long term, its a great time to buy, 8k or not eventually I believe bitcoin will reach that 20k all time high and than even go up more than that later on so its a perfect time to buy right now.

A long-time to wait for sure if we wait for the price to drop down at $8k. But before that, I have to put some money when the price drops down a little bit $10,300. I don't know if this is a perfect price to buy with but I believe the market will give me some favor this time.

Back then...
The market resistance is still strong but we couldn't see that it grow higher more than a thing that we expect for. But I'm glad to see it moves from $10k to $11k last week, which might be pushing to move more before the end of this year but just like you, I don't believe that it will reach into $20k this year.