Bitcoin Price Bounces Back Above $8200, Are Bulls Finally Here?

[asus09]

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

Can't back to higher price for bitcoin on this year, look how drop bitcoin price today and raised with $7500. I don't know what happen with bitcoin and why price very dump, without negative issues for bitcoin but price very drop. Now we are only focus for waiting just several days later, will bitcoin come back to higher price or bitcoin will be drop very low.

[ivakar]

nope, seems to me no this time 
now the price falls down to 7700-7800, so it is still a bearish market
I wonder where the price will stabilize and go into flat line?
6000-5000 level?

[bitzizzix]

Right now the price of bitcoin is around $ 7,400 and it's slowly declining and it's hard to predict the movements of bitcoin, and what I'm worried about is that bitcoin will fall deeper even though that's not my hope.
yes we will see in the next few days whether bitcoin increases or falls deeper.

[Oasisman]

Well, seems like over optimism back fired?
That's too early to be called a bullish movement. The market will probably head for a correction after It will bounce back above $8,000 again. And it seems like the price are heading below $7,000. More weakhands will gonna sell at this range. Just like most predictions about this bearish run, it will probably last until mid November.

[nasipadang]

Before the increase, buttom reds candle will occur, so here depends on whether there will be a large demand after this. I hope there is an increase after the decline is happening now, given the concept of the crypto market. Some market analysis anyway this is the impact of the bitcoin Bakkt futures that are not good, but after this there will be a jump in bitcoin.

[xiboothrezi]

bitcoin is currently declining, some traders I know have speculated that the worst possibility could go down to the level of 7000 $. From the article pinned OP, there is support reaching 4.5%, hopefully this can be a bounce to reach the level of 8000 $ again. But somehow it feels difficult, there is no power strong enough so far.

Can't back to higher price for bitcoin on this year, look how drop bitcoin price today and raised with $7500. I don't know what happen with bitcoin and why price very dump, without negative issues for bitcoin but price very drop. Now we are only focus for waiting just several days later, will bitcoin come back to higher price or bitcoin will be drop very low.

It is quite ironic this time of decline, but we must remain optimistic. Stay on the safe track, let's just look at the positive side, if you dare to take risks, this is the right time to collect more coins for the long term.

[bedroid]

bitcoin is currently declining, some traders I know have speculated that the worst possibility could go down to the level of 7000 $. From the article pinned OP, there is support reaching 4.5%, hopefully this can be a bounce to reach the level of 8000 $ again. But somehow it feels difficult, there is no power strong enough so far.

Can't back to higher price for bitcoin on this year, look how drop bitcoin price today and raised with $7500. I don't know what happen with bitcoin and why price very dump, without negative issues for bitcoin but price very drop. Now we are only focus for waiting just several days later, will bitcoin come back to higher price or bitcoin will be drop very low.

It is quite ironic this time of decline, but we must remain optimistic. Stay on the safe track, let's just look at the positive side, if you dare to take risks, this is the right time to collect more coins for the long term.

I don't know what to think anymore. I thought Bitcoin was going to blast off a couple of months ago and so far it has done the exact opposite. I stopped trading crypto. I watched it every day before.  Now I check the price of BTC about twice a week ... I hope for you hodl'rs it still has a fight back.

I wouldn't mind trading again either but there needs to be more volatility for me to enter trading positions. Good Luck!

[serjent05]

It's sad that Bitcoin market cannot sustain the $8000 support, OP had gotten a false hope of bulls coming back but instead that was a bull trap.  So basically, we are still on a bear market and some analyst stated that bottom will possibly be seen on December :  https://www.tradingview.com/chart/BTCUSD/izJdUZVG-BITCOIN-Bottom-in-December-See-this-scary-coincidence/

[jarhed]

It's sad that Bitcoin market cannot sustain the $8000 support, OP had gotten a false hope of bulls coming back but instead that was a bull trap.  So basically, we are still on a bear market and some analyst stated that bottom will possibly be seen on December :  https://www.tradingview.com/chart/BTCUSD/izJdUZVG-BITCOIN-Bottom-in-December-See-this-scary-coincidence/

I also thought that we could stand 8000, but there is also a backlash. I think that we definitely must hold 7000. I left a buy order there. but I also plan to buy at 7500.

[darkangel11]

We are still far before the bull run will come.
The current situation of the market is not really good, and the bitcoin price might dump lower than we anticipated. The bull run will not happen over a small pump, and it will take more time because of the sudden dump that happen in the market right now.

I don't know whay you're so pessimistic. We were in a bull run for the last 6 months!
A bull run doesn't have to take us to a new ATH. When a tradable asset keeps going up for a month or 2 and ends up with a 300% profit how are you going to call it? A pump? A pump is something that lasts a few hours or a day not months.

[imstillthebest]

We are still far before the bull run will come.
The current situation of the market is not really good, and the bitcoin price might dump lower than we anticipated. The bull run will not happen over a small pump, and it will take more time because of the sudden dump that happen in the market right now.

I don't know whay you're so pessimistic. We were in a bull run for the last 6 months!
A bull run doesn't have to take us to a new ATH. When a tradable asset keeps going up for a month or 2 and ends up with a 300% profit how are you going to call it? A pump? A pump is something that lasts a few hours or a day not months.

for me its not a bull run . the prices were too low for me to call it a a bull run but i will only say that its a bull run once btc return on the 15k+ level   . i dont know to some because other have thier own preference of a bull run  .  bull run does depend on every person  .  pump can also be refer to as a bull run .

[shark1006]

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

I think such jumps are short-lived. This reminds me of the situation of last year when Bitcoin was like a roller coaster making jumps by 6-8% and then at one point fell to $5000 at one day. In my opinion it can happen again

[adeandro]

Unfortunately the price fell again. Why do you think the price is so unstable?

[Diirtmaan]

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

Unfortunately, I doubt that the bulls are here. There are no prerequisites for the restoration of Bitcoin, it stands still and the price goes in waves

[jootn2kx]

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.

https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/

This didn't age well. The price is barely holding on at $7.500 now. But, that's what the price does. There are no real ways to predict where it will go next.

[airdnasxela]

Bitcoin is volatile. It does not mean that when it increases, we can say that it's already bull. It doesn't even loook like a bull run. We can't always say it's bull just because the price suddenly increase. It's doesn't even pump that much.

[Upgate]

Indeed we would love it to become a bull run for facing reality that is just wishes. At this very time bitcoin price is dangling with 7450$ price value so this said the bull run is a bit far from bitcoin's reach

[Genemind]

I don't think we're on the bull run phase because I see the market status as normal and usual. There's just a small pump so we can't consider it as a bull run. However, there are speculations that the price of BTC could stike higher until the beginning of 2020. Let's only conclude that the bull run is there if we're already reaching a good price.

[DabsPoorVersion]

I don't think we're on the bull run phase because I see the market status as normal and usual. There's just a small pump so we can't consider it as a bull run. However, there are speculations that the price of BTC could stike higher until the beginning of 2020. Let's only conclude that the bull run is there if we're already reaching a good price.

We are still below $8k and yes, we are still unable to tell the next bull run.It is still unknown since no one can actually predict the outcome of its price, we do hope that in the early 2020 bull run will really come, we are all hoping to see another ATH not only for bitcoin but also in other cryptocurrencies.

[Capt00]

I think it is too early to say the bulls are coming because the price is still showing bears, yes there might be an upward trend of but I think it will still in bearish trend even in the early 2020. I know we’ve been waiting for the bulls and it showed quite a bullish trend in the past months but we shouldn’t think right away that its bullish after few pumps to avoid disappointments.