Bitcoin bull run or just a pump before bear market ?

[lionheart78]

Pump before the bears definitely. As we have seen recently this year we got lots of short-term pumps and dumps. we normally get the market bull run in the fourth quarter but I don't think this one is a bull run rather pump before the bears

Any price spike then decline can be stated as pump before the bears.  It can take for more than a year of uptrend or longer than that then when it decline, it can still be called a pump before the bear, it is too general statement.

Anyway, at the current price, I don't see any pump here, Bitcoin had been fluctuating within these range for some days now, so it can be considered a sideway,  not pump or something.  I always wanted Bitcoin to have an uptrend rally and it seems some analyst have shown some good news.  From trading view..

BITCOIN price made breakout Downward Channel

Important Notes:

Direction: Long
Reasons for it:
- Price made breakout Downward Channel
- After pullback we can open position
- 1st resistance 8310 $; 2nd resistance 8440 $

If Bitcoin break this two resistance, then we can see another Bitcoin rally upward to $10k and eventually $16k as stated on this prediction:
https://cryptopotato.com/the-anonymous-analyst-hits-again-with-julys-bitcoin-price-next-target-16k-in-october/

[el kaka22]

This is not really a "pump" is it? I mean it moves between same numbers all the time and it doesn't change too much, we have seen 8.2k before and we have seen 7.7k before, it could very well drop the 7.7k next and then it will go up to 8.2k again, both of those happened before and will probably happen again.

It is the bigger movements we should be looking for, if the price goes above 8.5k then we are in a big movement, if it is under 7.5k then we are in a bigger movement again, if it doesn't do any of that then price is just simply moving up and down between same numbers for traders to make some more money and thats it. Until that time we should not be getting excited or sad about any movements. Just focus on bigger movements that we can do something about then these small ones.

[Pearls Before Swine]

There is nothing happening right now with bitcoin, and it seems to be stagnating in a range very much like it was when it was in the $10,000s.  There is no bull or bear market, just a holding pattern.

This is not really a "pump" is it?

No its not, and that word is overused in my opinion.  Users on the forum tend to be like 'monkey see, monkey do' when they write posts and sometimes it makes no sense whatever.  Op's post doesn't even gibe with what he wrote in his post.

[darkangel11]

There is nothing happening right now with bitcoin, and it seems to be stagnating in a range very much like it was when it was in the $10,000s.  There is no bull or bear market, just a holding pattern.

Something is happening. Bitcoin is slowly bleeding out, losing a few percent every week. We used to be above 10k in August, then at 9k for most of the September, fell to 8,5k, now we're struggling to stay above 8k. It's not great and everything seems to be pointing out to a short bullish scenario at 14k followed by another short bearish scenario back to 6k. It would still be a healthy growth but short term I'm bearish. Long term we should be above 20k next year after the halving, maybe a new ATH in Winter 2020?

[Silberman]

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

It is too early to tell, the price of bitcoin for a short while went below 8000 and it has recovered somewhat but it is still very close to it and the downward movement could continue during the next weeks, to me this is the time to just sit and wait, I know this is not very exciting but the market could take any direction and trying to determine which will be is nothing more than guessing, it is better to try not to make any huge trade because if you are wrong then you could suffer losses from which it will be difficult to recover.

[ePesoInitiative]

Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.

[hahay]

for now it is still in sideways mode because we were in a sideways mode then the unexpected dump happened and everyone panicked. now they are again out of panic mode and waiting for the price to go above their desired target (which is probably at $9k) before they jump back in. meanwhile most of them are placing buy orders at the big support at around $8k to test their luck.
soon we will see the bull market start with a bang as the panic buyers start buying back in.

This kind of situation has happened from a few days ago and it keeps repeating, unexpected increases and decreases in the current trend. This situation will be very bad if the bear market will return, if the temporary pump occurs before the bear market I think it is better than the downward trend until the bear market dominates again until the end of the year.

[Oceat]

Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.

Probably there were a bull run right after the halving but that is just way too far to think yet. But I'm sure there will be a bull run but I don't know yet if how much the price would stay in its new ATH by next year. I don't know how many weeks before the bearish market starts once the bullish trend hit the table.

[Pab]

I have my strong rules about bear market.Any weekly close below WMA 114 currently on 7450$ i will consider like a bear market.That time i will expect bitcoin price to fail even to 5500$-6000$
We are staying at 8000K quite long time already .A little frustrating but it is as it is .Longer accumulation strongest rebound will be

[STT]

The time for this question is when we are close to 10k because I think that is quite likely within the range of this question.

  Here we are trying to break upwards and passing a few short term averages:



The blue line is just a simple 2 day average and the yellow an 8 day which for consistency I just come back to refer to and check for strength.  I think we are due a gain if we can hold this position consistently, however the constant grey cloud over head is the presence of the 200 day at about $8500.
  I dont take moving averages as solid walls just an indicator, however it can act as some support and resistance in times where we waver like this.

[ethereumhunter]

Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.

We can hope that. It is interesting to follow the bitcoin price journey as we will see if the price suddenly drops or not in the next few months. I think that will make our heart will beat faster when we see the price make another correction before it increases. Bitcoin price now is stable for a while, and it seems, the price is at the sideway mode so that everything can happen later. With $81xx at the market, the price seems not moving fast, and I think the trader is still waiting for the next thing that might happen. If the next thing the price increases, then there will be many demands in the market that will give a chance for the price to increase.

[MI6]

Maybe pump before bear market. Not bear market actually, pump before that big people will make people panic when they want price to be dumped. Halving almost come and i believe they wouldn't that easy only hold bitcoin and do nothing. Usually they want to accumulate more so they can get maximum profit when halving come.

[Rufsilf]

Maybe pump before bear market. Not bear market actually, pump before that big people will make people panic when they want price to be dumped. Halving almost come and i believe they wouldn't that easy only hold bitcoin and do nothing. Usually they want to accumulate more so they can get maximum profit when halving come.

Holding wasn't mean forever, it somehow we need to utilize each and every fluctuations may appears.
As thinking of the upcoming halving event is really a big hopes of everyone but not really sure if this will rally a huge market pumps or stay the same. 

[exstasie]

Here's an interesting pattern that Mic shared yesterday:

at the start of bitcoin's last bullrun (2015) we established support at the 200W MA, rallied & then found support at the 100W MA before continuing on

here we are 4 years later, bitcoin has established support at the 200W MA, rallied & is attempting to find support at the 100W MA



https://twitter.com/cryptunez/status/1181271125034229765?s=20

I don't like to be too reliant on these sorts of fractals, but it's certainly one example of how things could play out. The shorter MAs which broke down (200-day and 20-week) may not be in control. We may find out in time that the 200-week and 100-week are dominant.

The first pullback in a bull market (and I think that's what this is) can be frustrating because it's not clear yet that we're in a bull market at all. All these proclamations about the incoming bear market? People sounded exactly the same in early 2016. Only time will tell which side is correct. I'm still cautiously siding with the bulls and I believe we are on the cusp of another long term bull market.

[Ferris419]

I don't think this is the start of a bull run or a sign of bear market. Rather, this is a normal pump, which we have been seeing every week in a month! But you are right that this market is very good for short time investment and profit is confirmed at this price. There is a chance for Bitcoin to hit a good pump in this month, I can't avoid that possibility too.

[CarnagexD]

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

If we do not push the price to up again it will result to another down trend. But, do you already see that bitcoin step up again in 8000$ unlike few days ago where I check it the price is around 7800$ to 7900$. Everytime the candle in the chart might change that's why I do not have any idea if there will up trend or down trend. But, still we hoping that up trend will be in end of this year.

[barota]

i think prices can rise to 9000 per btc  . for give market some support and for avoid big fall in prices
half of the correction is over ,maybe 7700 per btc  can be a good wall  .support must be provided to pay prices above 8,500 per btc   at least  to return hope and keep fear away.there is no justification for selling at these low levels now

[AliMan]

I don't think this is the start of a bull run or a sign of bear market. Rather, this is a normal pump, which we have been seeing every week in a month! But you are right that this market is very good for short time investment and profit is confirmed at this price. There is a chance for Bitcoin to hit a good pump in this month, I can't avoid that possibility too.

Sorry to say for many speculators but the sudden rise of bitcoin price was only considered a false alarm, but not to the real side of bitcoin. Many of us  believed that bull run came, but it was only for a temporary situation. People didn't catch the trap, that's why we seem to notice that the market declined so fast in middle of September until present, and now it was struggling to recover even under $9000.

[WatchMaker]

Well, it appears there is a small bull run in the market. but we don't yet whether is this bull run is going to stay for long. Since we are in the fourth quarter of the year perhaps the bull run can last for a month or two. The only issue we are seeing right now on the market only the bitcoin price is growing and none among the top altcoins. 

[BitHodler]

there is no justification for selling at these low levels now

How about selling to secure profits? Or selling out of fear? Regardless of how low people consider certain price levels to be, there will always be sellers selling because of the aforementioned reasons.

We went from $20k to $3k last year, and each time the price went down by $1k people were wondering how there can still be sellers even so far below the all time high. $3k turned out to be a level with more buyers than sellers.

There is no underlying value the crypto market participants will respect like what happens with stocks for example---crypto will always be sold off or bought up lower/higher than what people think makes sense.