Bitcoin is still really bullish (Unpopular opinion)

[Astargath]

https://www.coincurb.com/news/bitcoin-long-term-is-really-bullish-and-analysts-are-ignoring-it/

I explain my reasoning a little bit better in the article but long story short, I think, no, I know Bitcoin is bullish long term. Has anyone looked at the monthly chart recently? How is that not bullish? Why are all 'analysts' ignoring it just because Bitcoin is down to 7k? Who cares, it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.

[1715584087]

1715584087

[1715584087]

1715584087

[1715584087]

1715584087

[ecnalubma]

If we just based its price the whole year yes its still bullish in my opinion. Analysts have their own opinions and bases, some of them might hit the facts or some are just formulating their theories and in the current market situations.

[Wysi]

If we just look at last 12 months or so then it's still bullish but that's not same for those who have invested in bitcoin while the value was at peak around December 2017 as it's still 2 times lesser than what they have invested. We need to consider every aspect before terming it as bullish or bearish, I am sure there are users waiting for bitcoin to hit their break-even value to sell it off as the are struck from past two years without any sort of profit.

[Dart18]

Because they saw a larger price and they are using that to make FUDs or spread bad statements into why investors should not buy bitcoin.

But there is something behind it too.
They might have been also offering something like they are part of an altcoin company. With that, they will do everything in their power to just bring bitcoin down and then offer their own work.

[royalfestus]

There is a shaking but I dont know who is selling at this price, maybe miners and to who? People are getting greedy at the moment for bitcoin and accumulation is at the peak, I cant explain the factor for the price movement down, everything still look manipulative, those that cant sell at $14k are selling now. Terrible low order at lower price and you wonder how much advantage they want to take from the market. The weak hands looks fewer at the moment, the market is bullish next year as from February towards May.

[hugeblack]

Not all analysts are experts in price analysis and they will give you the real direction. Some of them are trying to give a stir or make a statement.
Some are pessimistic because the price was at $ 12,000 a few days ago and now we are at $ 7000 and others check the future direction of the price.
If we look more broadly, the price was a few dollars years ago.
So we often see the last 3 months as a reference.

[Wind_FURY]

When was Bitcoin actually "not" bullish? Everyone should zoom out to maximum. If you don't believe in the pattern, then sell and go away.

[alyssa85]

Not all analysts are experts in price analysis and they will give you the real direction. Some of them are trying to give a stir or make a statement.
Some are pessimistic because the price was at $ 12,000 a few days ago and now we are at $ 7000 and others check the future direction of the price.
If we look more broadly, the price was a few dollars years ago.
So we often see the last 3 months as a reference.

Bitcoin needs a new reason for the next bull run. The run up to $12,000 was based on anticipation of Bakkt and the belief this would bring new money into bitcoin. It hasn't wworked out like that.

Bitcoin needs a new story in order to get people to buy again.

[daarul50]

There is a shaking but I dont know who is selling at this price, maybe miners and to who? People are getting greedy at the moment for bitcoin and accumulation is at the peak, I cant explain the factor for the price movement down, everything still look manipulative, those that cant sell at $14k are selling now. Terrible low order at lower price and you wonder how much advantage they want to take from the market. The weak hands looks fewer at the moment, the market is bullish next year as from February towards May.

if we look at the market conditions where the buy order at the same level as the sell order for the last few weeks then yeah this is really strange , the indicators has shown it is a bullish but again it seems stopped by unknown parties.

clearly this is in manipulation by large group of people, i am pretty sure CME BAKKT involved.

take a seat and watch those clown playing their games, we are in good mood heading to halving day.
only fools selling it now cheap to whales.

[1Referee]

When was Bitcoin actually "not" bullish? Everyone should zoom out to maximum. If you don't believe in the pattern, then sell and go away.

People do not care about the past. They only care about the price after they bought Bitcoin, which generally is around the high of each bull run.

Bitcoin needs a new reason for the next bull run. The run up to $12,000 was based on anticipation of Bakkt and the belief this would bring new money into bitcoin. It hasn't wworked out like that.

Bitcoin does not need a new reason for a bull run, it never did. It erupted when nobody expected it. Bakkt was spit on by the whole space, made fun of. No one bought Bitcoin because of Bakkt.

As always, when the technicals improve, institutions buy, and when they buy, dumb money buys because dumb money pumps money into anything they see increase rapidly.

[Wexnident]

Dude, you're conflicting yourself. The idea was a MONTHLY chart. Of course, based on that observation, BTC would seem bearish instead of bullish. We all bloody know BTC is bullish in the long term. Your explanation is already quite contradicting with the idea of the chart you are currently judging. BTC dropped from 10k to 6.5k and stands at 7.2k, is that bullish? No, its bearish, if you look at it from a MONTHLY perspective. BTC went from 3k to 7.2 from start of the year to now, is it bullish? Yes, if you look at it from a YEARLY perspective.

[ReiMomo]

When was Bitcoin actually "not" bullish? Everyone should zoom out to maximum. If you don't believe in the pattern, then sell and go away.

People do not care about the past. They only care about the price after they bought Bitcoin, which generally is around the high of each bull run.

This is right, when people buying bitcoin at a high-level point price and suddenly down, of course, they will say that they are losing and hold further time, hoping that they get profit from the time they invested bitcoin. Base on year chart price, we are still on a bullish trend since 2018 when bitcoin dropped to much. But if you look at the chart daily price you can really feel the sudden drop in the price. I hope the promising event will us, the next block halving.

[pooya87]

i don't think we can only categorize the market into two trends and nothing more: bullish and bearish. if that's the only two choices then we obviously have a lot of trouble  determining the trend at most times. for example right now the market is in no ways bearish but it also isn't exactly bullish either.  we had a rather big drop but that doesn't make it bearish. and since price is not on the rise, it can't be categorized as bullish either. this trend is more of a sideways after the big unexpected drop and resembles the transition into the bullish trend possibly with some accumulation.

as for these "analysts", most of them are self claimed! so you shouldn't really bother with what they say. also many of them are only focusing on the short term so even 2 days of falling 5% could be viewed as bearish!

[beerlover]

I seriously agree with this, people are so worried about the price of bitcoin for some reason but I am not scared at all, I feel super bullish about bitcoin. Maybe today will be a bad day, maybe this week will be bad, maybe the whole month will be bad but in the end there is about 5 months or 6 months left until the halving so I feel super bullish about the prospect of bitcoin.

Even if it doesn't go up to the levels I believe it should in 2020, it will in 2021, or in 2022 but in the end it will reach there one day. There is no scenario in my mind where bitcoin goes down and stays down without ever breaking the 20 thousand dollar all time high, it will be broken, we just don't know when it will be broken so far and that's it, not that IF just the WHEN.

[arwin100]

When was Bitcoin actually "not" bullish? Everyone should zoom out to maximum. If you don't believe in the pattern, then sell and go away.

People do not care about the past. They only care about the price after they bought Bitcoin, which generally is around the high of each bull run.

This is right, when people buying bitcoin at a high-level point price and suddenly down, of course, they will say that they are losing and hold further time, hoping that they get profit from the time they invested bitcoin. Base on year chart price, we are still on a bullish trend since 2018 when bitcoin dropped to much. But if you look at the chart daily price you can really feel the sudden drop in the price. I hope the promising event will us, the next block halving.

Yeah it's really unfortunate to see this things continuously hitting up and for sure those people who bag holds are frustrated to see the market flows and hopefully we can see a bright side in the next block halving since maybe some other people thinks leaving and looking for that as there last hope to continue there's a good price stretch up will come unto that event on crypto ecosystem.

[figmentofmyass]

Bitcoin needs a new reason for the next bull run. The run up to $12,000 was based on anticipation of Bakkt and the belief this would bring new money into bitcoin. It hasn't wworked out like that.

i'm not convinced bakkt is what drove the rallies earlier this year. i think it had more to do with market psychology. hype is only fruitful in the context of a bull market where investors are hungry for risk. bakkt was also hyped all through 2018 but we crashed nearly to $3k instead.

our brains have a tendency to demand an explanation for events like big market moves. the truth is that we have no idea why buyers accumulated or why holders refused to sell on the way to $14k. all we know for sure is that when buyers outnumber sellers, the price rises. anything else is just speculation.

[Darooghe]

I am really highly optimistic but not bullish, since no one controls the market, just a few investors who have invested billions in the market, hence can easily manipulate the price up or down with just few clicks of whales. therefore few dips literally mean nothing for this industry. it's here to stay and it's changing the world at much faster speed, well fast enough not to be appreciated by people who aren’t visionary and risk-takers.

[EdenHazard]

Bitcoin needs a new reason for the next bull run. The run up to $12,000 was based on anticipation of Bakkt and the belief this would bring new money into bitcoin. It hasn't wworked out like that.

i'm not convinced bakkt is what drove the rallies earlier this year. i think it had more to do with market psychology. hype is only fruitful in the context of a bull market where investors are hungry for risk. bakkt was also hyped all through 2018 but we crashed nearly to $3k instead.

our brains have a tendency to demand an explanation for events like big market moves. the truth is that we have no idea why buyers accumulated or why holders refused to sell on the way to $14k. all we know for sure is that when buyers outnumber sellers, the price rises. anything else is just speculation.

Overbought confirmed few months ago that's why we fall further to nearly $6,000 as the real reasonable price for bitcoin itself I personally believe is at around $7,000 exactly at the current position so I didn't even surprised to see all of these dramas.
I'm always bullish it's unquestionable  .
Waiting patiently and do some trade while the market swinging, that's what I'm doing now and people might should try to go for it too without worrying which way bitcoin will go in the future, it's supposed to be up higher , that's the spirit of believers! Bitcoin is for the believer since day one , call me whatever it is speculator or something. I'm bullish all the way for no reason but looking for some another fortune just like what I have achieved back in 2014 to 2018 .

[d3nz]

Bitcoin is still in bullish for a long term investment and we see a huge difference of value when you see the chart except the year 2017 when the major dump happens but still it is recovering now and i think it might go up more by this coming year 2020.

So we just need to accumulate while it lsst and cheap days will come to end.

[barota]

i hope prices recover high level better then current soon ; if bitcoin rise above 9000 usd per btc we can say bullish trend start again ; bitcoin rose from last dump and this can be a signals that it is in bullish trend again

[jossiel]

it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.

This is what I'm considering for myself if ever I see the price under $8k, $7k or even $6k.

I'm still on the winning side if I look into that part but we can't force people to look into that part if they are mostly looking only to the higher side. And whenever the price goes down by $500 or more, they all think that bitcoin will find it difficult to recover.

[hahay]

What if we see growth that occurred throughout the year when in fact prices were able to surge beyond 10k at the end of the second quarter, but until now prices have continued to decline, is that still included in the bullish trend? I don't think so but indeed, everyone has their own views on this matter, but I personally feel that the bearish trend still dominates the market so far.

[piebeyb]

I have already said about this but a lot of speculation says prices will fall even deeper, so right now I just want to see how cheap bitcoin prices they will throw up to early next year, I'm afraid the events beginning in 2019 reoccurring bitcoins go up 3x in time Just 5 months until the middle of last year, so if indeed the lowest price only stands at $ 7000 I will see the next high price in a few months

[Wind_FURY]

When was Bitcoin actually "not" bullish? Everyone should zoom out to maximum. If you don't believe in the pattern, then sell and go away.

People do not care about the past. They only care about the price after they bought Bitcoin, which generally is around the high of each bull run.

Hahaha. The anxiety, and frustration of buying the top, and HODL. I believe some of them didn't get the second part correct too, and they SODL on the dip.

[Dart18]

Yes!
You wont see that in other currency or even with gold.
Thousands of dollars advance?
Greed is really showing to a lot of analyst. Maybe they have a lot of customers and that is why they will make lies just so they will still be believed in.
I just don't understand though. They want fast money. Why not gamble? 

[ololajulo]

He that is on the ground does not fear to fall, falling from $20000 is more hurting than falling from $7000. So we consider the possibility of rising more than falling. Predictions when the coin is sideways looks more difficult for analyst and are usually wrong then. Halving is just the facto for the bullrun hype, it is likely to happen soon. Let's just get back to $20k

[MuffinMaster]

https://www.coincurb.com/news/bitcoin-long-term-is-really-bullish-and-analysts-are-ignoring-it/

I explain my reasoning a little bit better in the article but long story short, I think, no, I know Bitcoin is bullish long term. Has anyone looked at the monthly chart recently? How is that not bullish? Why are all 'analysts' ignoring it just because Bitcoin is down to 7k? Who cares, it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.

It all depends on what period of time we look at. If we take the period from the very beginning of Bitcoin, we can see that it is growing all the time. If we take only the period since the last ATH for analysis, we will see the bear market situation. Currently, I think we should look at the period from the beginning of the year in which we see that the price is rising. In my opinion, we are in an upward trend and accumulation.

[target]

https://www.coincurb.com/news/bitcoin-long-term-is-really-bullish-and-analysts-are-ignoring-it/

I explain my reasoning a little bit better in the article but long story short, I think, no, I know Bitcoin is bullish long term. Has anyone looked at the monthly chart recently? How is that not bullish? Why are all 'analysts' ignoring it just because Bitcoin is down to 7k? Who cares, it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.

It all depends on what period of time we look at. If we take the period from the very beginning of Bitcoin, we can see that it is growing all the time. If we take only the period since the last ATH for analysis, we will see the bear market situation. Currently, I think we should look at the period from the beginning of the year in which we see that the price is rising. In my opinion, we are in an upward trend and accumulation.

He is looking it on the monthly time frame so it should be bullish. The charts shows how bears taking profit and how they turned bulls as well so basically its still bullish, bullish from the very beginning of the year 2009 actually. If you are one of those who bought as an early investor of BTC, you are going to see the market as the very bullish. For traders however in the daily chart its bullshit.

[jostorres]

I am really highly optimistic but not bullish, since no one controls the market, just a few investors who have invested billions in the market, hence can easily manipulate the price up or down with just few clicks of whales. therefore few dips literally mean nothing for this industry. it's here to stay and it's changing the world at much faster speed, well fast enough not to be appreciated by people who aren’t visionary and risk-takers.

You got the topic wrong my friend, basically bullish means the market is showing positive trends (price increase in more general terms) while bearish means the market is going down. What OP wanted to say was that he feels that the market is quite bullish while everyone is complaining about the bearish market now.

Basically, this all depends on how you read the market, if you compare yearly price then yeah the market is bullish while if you compare every day or weekly prices then you will feel the market is bearish. You are saying that bitcoin is changing the world,which I agree too but that's actually out of context in the current thread.

[The Sceptical Chymist]

If we just look at last 12 months or so then it's still bullish but that's not same for those who have invested in bitcoin while the value was at peak around December 2017

Right, and I've no doubt there are a lot of people who bought in at the top and have probably sold at a loss.  And yes, whether the market is bullish or not depends on the time frame you're looking at.  The mood right now is kind of blah IMO.  There's no bullish momentum, that's for sure but nor is there any bearish momentum.  The bitcoin market is just idling like it tends to do in between huge spikes or dips.

So I'd disagree with OP's assertion that the bitcoin market is "really bullish".  Compare where it's at now to times when the price was in an upward trend--2013 & 2017 are great examples of that.  If you're using those two years as reference points, it's hard to say that bitcoin stuck at $7300 after falling from $9500 isn't anything bullish.

You got the topic wrong my friend

Of course he did, because he's just writing a generic shitpost for whatever bounty he's in (I've got signatures and avatars blocked, so I can't see what he's advertising).

Edit:  Oh, it's the cryptotalk.org campaign.  No wonder he's just jabbering on.

[figmentofmyass]

So I'd disagree with OP's assertion that the bitcoin market is "really bullish".  Compare where it's at now to times when the price was in an upward trend--2013 & 2017 are great examples of that.  If you're using those two years as reference points, it's hard to say that bitcoin stuck at $7300 after falling from $9500 isn't anything bullish.

i have a friend who put it like this: "crypto has always been like this: 50% washing machine, 50% batshit retarded uptrends."

we're currently in the "washing machine" phase. up and down, up and down, squeezing shorts then squeezing longs, rinse/repeat. yes we're technically in a downtrend but the market isn't dropping with any determination either. the momentum compared to the april-june rally is nearly non-existent, which is why i'm confident we're not in a bear market like 2014 or 2018.

[mirakal]

It's bullish because low this year was just $3K+ while its trading now at $7200, it's a good definition of bullish.
However, we are not get used to this movement, because we think it will reach higher and might make a new ATH this year, in short out prediction is too aggressive, we tend to react in short term movement and if we look at that we can tell that movement is not stable but if we look at the bigger picture, bitcoin has a positive growth thus far.

[Astargath]

If we just look at last 12 months or so then it's still bullish but that's not same for those who have invested in bitcoin while the value was at peak around December 2017

Right, and I've no doubt there are a lot of people who bought in at the top and have probably sold at a loss.  And yes, whether the market is bullish or not depends on the time frame you're looking at.  The mood right now is kind of blah IMO.  There's no bullish momentum, that's for sure but nor is there any bearish momentum.  The bitcoin market is just idling like it tends to do in between huge spikes or dips.

So I'd disagree with OP's assertion that the bitcoin market is "really bullish".  Compare where it's at now to times when the price was in an upward trend--2013 & 2017 are great examples of that.  If you're using those two years as reference points, it's hard to say that bitcoin stuck at $7300 after falling from $9500 isn't anything bullish.

You got the topic wrong my friend

Of course he did, because he's just writing a generic shitpost for whatever bounty he's in (I've got signatures and avatars blocked, so I can't see what he's advertising).

Edit:  Oh, it's the cryptotalk.org campaign.  No wonder he's just jabbering on.

Using specific points in time is meaningless, in my opinion. Looking at the overall timeframe, anyone can clearly see Bitcoin is in a pretty strong uptrend.

[Reid]

And that won't be seen by an analysts.
They are blinded by what they see as of now and not how much growth bitcoin had went through.
I guess we could also call them as pessimistic type of people or they are just really that greedy to want more.

Now, bitcoin had been fluctuating around the $7,000 price up to $8,000.
I am actually okay with that and I guess traders are still profiting when recently it grew to $7,800 from $7,200. That is something else in just a little amount of time.

[gabmen]

And that won't be seen by an analysts.
They are blinded by what they see as of now and not how much growth bitcoin had went through.
I guess we could also call them as pessimistic type of people or they are just really that greedy to want more.

Now, bitcoin had been fluctuating around the $7,000 price up to $8,000.
I am actually okay with that and I guess traders are still profiting when recently it grew to $7,800 from $7,200. That is something else in just a little amount of time.

Well, as op's title indicates, it's an opinion. And the negative guys also are just stating their opinions. Though i don't think it's actually unpopular since there are also a lot of people who see bitcoin's movement from a wider perspective. It's probably the newbies that are not sitting well with the drop to 7k, with them not experiencing the drop we had just around a year ago.

[MuffinMaster]

I think the easiest will be to separate those who use TA to trade and those who invest long-term. I think both these groups look at the situation quite the opposite. Everyone who looks at a long period of time will see an upward trend, and everyone who uses TA will look short-term and will see a decrease. This is in my opinion the simplest explanation.

[Emitdama]

That is called as the average yearly price and actually bitcoins has always gone up with each progressing year, no matter what apart from a few hiccups. But that said, for traders who trade on price frequently the market is bearish because the price has been going down since sometime now.

For holders and traders with big appetite and capital the market still is pretty good because everyone knows how the price changes once it enters in the Chinese new year around 25th January and hence they do not need to worry much. The people who suffer most in these small bearish periods are the ones who have low capital.

[jhonjhon]

If we just based its price the whole year yes its still bullish in my opinion. Analysts have their own opinions and bases, some of them might hit the facts or some are just formulating their theories and in the current market situations.

The definition of being bullish depends on the data you are looking at and people mostly think that the market is bullish when it is in the mark of $10k or more that is why when they see that it is below that they already think it is bearish. Whether we like it or not there will always people who will say something about bitcoin just for their benefit so better not trust any statements you hear just do what you think is best for you.

[kapalmabur]

If we just based its price the whole year yes its still bullish in my opinion. Analysts have their own opinions and bases, some of them might hit the facts or some are just formulating their theories and in the current market situations.

The definition of being bullish depends on the data you are looking at and people mostly think that the market is bullish when it is in the mark of $10k or more that is why when they see that it is below that they already think it is bearish. Whether we like it or not there will always people who will say something about bitcoin just for their benefit so better not trust any statements you hear just do what you think is best for you.

Right now we are still on the long-term bitcoin bull track, I have just seen a graph of bitcoin and I draw a support line at $ 5,000,
I don't know if bitcoin under $ 5000 will be a bull, because the problem is very terrible, hopefully Bitcoin is able hold that line

[arwin100]

If we just based its price the whole year yes its still bullish in my opinion. Analysts have their own opinions and bases, some of them might hit the facts or some are just formulating their theories and in the current market situations.

The definition of being bullish depends on the data you are looking at and people mostly think that the market is bullish when it is in the mark of $10k or more that is why when they see that it is below that they already think it is bearish. Whether we like it or not there will always people who will say something about bitcoin just for their benefit so better not trust any statements you hear just do what you think is best for you.

Right now we are still on the long-term bitcoin bull track, I have just seen a graph of bitcoin and I draw a support line at $ 5,000,
I don't know if bitcoin under $ 5000 will be a bull, because the problem is very terrible, hopefully Bitcoin is able hold that line

The only thing we can do for now is to trust the process and wait for the great things happen in next year since maybe we can see some greatness coming for that year and block halving is coming though. And also maybe it's impossible for us to reach that $5000 price since for sure  there will be stretch happen and the speculated price for the dip will be gone and replaced by pumping price prediction.

[El duderino_]

https://www.coincurb.com/news/bitcoin-long-term-is-really-bullish-and-analysts-are-ignoring-it/

I explain my reasoning a little bit better in the article but long story short, I think, no, I know Bitcoin is bullish long term. Has anyone looked at the monthly chart recently? How is that not bullish? Why are all 'analysts' ignoring it just because Bitcoin is down to 7k? Who cares, it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.

Indeed many of people who wanna get rich quick are the ones affected with this short term ignorant short sighted views and will get burned cause they don’t see the longterm potential and upside room for growth....

The more they stay in the space and learn the better and the smarter ones will change their view of perspective and learn their is more then reading all those bear calls and whatever....

Of-course crypto wouldn’t be crypto if their wouldn’t be any guru’s hoping to be right with their calls and whatever, of-course know and then someone will be right, maybe few times in a row until they are massively wrong what always happens....

Actually their is only one true strategy in this market,

-buy a start investment of BTC followed by always reading and learning (but already have a startBTCcapital)

-steady keep on buying on a monthly or weekly or whatever fits base, no matter the price maybe even a fix time and date to exclude emotional traps

-keep learning and try to buy some BTC next to your cold storage in order to use IRL whenever you can.... (just try  to work and use BTC)

[alyssa85]

it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.

This is what I'm considering for myself if ever I see the price under $8k, $7k or even $6k.

I'm still on the winning side if I look into that part but we can't force people to look into that part if they are mostly looking only to the higher side. And whenever the price goes down by $500 or more, they all think that bitcoin will find it difficult to recover.

The people who think we're in a bear market are the unfortunate people who bought at the top in early 2018. For them it's been disappointing that bitcoin couldn't hold above the $10,000 achieved in the middle of the year.

For everyone else, this year has been very encouraging indeed. Let's hope next year is as good.