Anyone else see a big bitcoin upwards movement coming very soon?

[sunsilk]

I'm not an analyst but with my point of view, I think I can also see what you're seeing right now. But, I think that looking into the four digits. I'm not thinking that we will never see that again. I have that thinking since the 2017 bull run yet 2018 came badly and made everybody of us realize that this how we volatility hits us badly.

I'd say that if we get to become stable from the ranges above $15,000 for a long time. I guess we can use those words again that we'll never see the lower prices again.

[pixie85]

Historically Summer was good for Bitcoin. It used to remain on the same level or gain value.
In 2017 the biggest drops were early on in January and the bull market started to gain speed in Summer and cintinued until the end of the year.
Then we had a bearish 2018 and in 2019 there were big gains in May and June. May and June 2020 also were good if you look at the big picture.

It's stil uncharted territory for Bitcoin so it's hard to say if we are high or low at this 10 thosand. 

When the market is undecided it usually comes down to the news.

[exstasie]

Stock market is well overextended at this point as it has completely lost touch with the economy, while Bitcoin is obviously not overextended as it is still in early-mid stage of long term bull market.

How is BTC "obviously" not overextended? Since the March crash, it has extended further and faster than stock markets. There are no fundamental metrics that justify this; it's purely technical.

How can you declare a bull market already when we still have nothing but lower highs and lower lows for an entire year now?

So I wouldn't put too much emphasis on stock market correlation.

BTC is following US stock markets in lockstep. Literally every single move is mirrored. Why would I ignore the correlation when it's clearly the driving force in the market?

Unless you think stocks are following BTC?

I think 5000s/6000s are long gone at this point (outside of a possible V-shaped panic sell). I mean we only hit that low this year because of the pandemic panic sell, and it didn't take long at all to move out of that territory.

Right, the pandemic which is still going on and getting worse every day now.

I would expect another V-bottom type recovery, same as March.

[STT]

Downwards always downwards, or more sensibly sell the high buy the low and repeat and I judge its still high enough to sell not due to go up especially; talking as a trade days or weeks in consideration.   What I really mean is, unless have a ladder in front of you why would you assume upwards.    Why must BTC ascend right now when it already had a hell of a recovery, we wiped out the drop and people want more.   I dont assume up, I'll asume both directions happens and without a ladder or means to stably climb upwards then we do not go especially higher.
   What I mean by a ladder is a trend, a clear set of highs and lows and it kinda can look on a graph like a climbing frame or a wooden trellis a plant rises up a wall with.   Without a structure I dont think we do get past these prices, big upwards movement or any movement can happen but its not on the cards till we have good reason and probability by a series of higher lows and higher highs.   Thats not happening, I think we resolve downwards or be neutral if you prefer and trade a range could be profitable easily.
   Grayscale or other funds might have bought into crypto and thats reasonable across a sector, quite a few tech stocks that should benefit from greater distance working initially sold off in March as did BTC and since then they have done very well as actually these global conditions favour them and with the cheaper price also it was a clear buy.   So thats been the gain but it might not mean it has to continue, thats their entry I dont know various entities will continue to buy in as this adds risk for them.

[Ulven]

Historically Summer was good for Bitcoin. It used to remain on the same level or gain value.
In 2017 the biggest drops were early on in January and the bull market started to gain speed in Summer and cintinued until the end of the year.
Then we had a bearish 2018 and in 2019 there were big gains in May and June. May and June 2020 also were good if you look at the big picture.

It's stil uncharted territory for Bitcoin so it's hard to say if we are high or low at this 10 thosand. 

When the market is undecided it usually comes down to the news.

I think we cannot again rely on the temporal dimension of comparison. Yes, the price of bitcoin was growing well in the summer, but this year differs from previous years due to the epidemic, knowing that the world is still in the emergency phase, but in case we have seen news talking about the final solution to the epidemic and the end of its era, of course the markets will grow better.

That is why we must wait for the surprise that the future holds

[Kelvinid]

Thinking about SOON, it gonna be next year or for the next 10 years, yes of course. The adoption keeps growing which absolutely has a huge impact to the market price trend. We can't feel it this time as still the majority of us still use FIAT instead of Bitcoin. But of course, we can really think that the market will keep rising, it sometimes falls for some reason and market change.  However, it gonna be more positive insights that Bitcoin will make a surge, in fact, historical charts could tell its growth and development.

[okala]

I believe that the next move is not yet in sight. Bitcoin need to establish strong support above 10k before the we would see the effect of halving like it is in 2017. The current pattern look strange to me.

[ultrloa]

Sad to say but No, since the pandemic is not yet resolve so provably the crisis will continue until this disease will not be end by this year or maybe next, so many struggles interms on financial matters on this year so might we will see the big movements once the all investors are settled financially. But let's hope that this new normal thing will give a good benefit with bitcoin since might it will give a blessing with disguise for bitcoins.

[OrangeII]

Sad to say but No, since the pandemic is not yet resolve so provably the crisis will continue until this disease will not be end by this year or maybe next, so many struggles interms on financial matters on this year so might we will see the big movements once the all investors are settled financially. But let's hope that this new normal thing will give a good benefit with bitcoin since might it will give a blessing with disguise for bitcoins.

so far, prices have not shown this, even after halving. Well, although the effect won't be seen quickly, but there hasn't been any progress since Halving until now. however, I still expect price increases to occur in the near future. however, right now it looks like we need to wait a little longer.  Rapid price increases may be seen when the price of bitcoin has exceeded the price of $ 11,000.

[davis196]

Your "analysis" is based on emotion and gut feeling.I don't see any logic behind it.
I just can't imagine the Bitcoin price breaking the 10K USD barrier this July.There are so many factors that are pro-bearish or,should I say,anti-bullish.The global economy is going down and I still don't believe that Bitcoin will become a safe heaven for all the scared investors.There's a second wave of the COVID-19 pandemic and people are afraid of losing their jobs,so they aren't taking risks by investing their money into cryptocurrencies.
I simply don't expect a great Bitcoin price bullish trend in 2020.Maybe the next year.Who knows?

[Reid]

Sad to say but No, since the pandemic is not yet resolve so provably the crisis will continue until this disease will not be end by this year or maybe next, so many struggles interms on financial matters on this year so might we will see the big movements once the all investors are settled financially. But let's hope that this new normal thing will give a good benefit with bitcoin since might it will give a blessing with disguise for bitcoins.

I was going to say the same thing.
Not all of people can afford it now.
It will be best to save their money in case something bad will happen which is just around the corner since the virus is still spreading.

I have high hopes that if ever a vaccine will be created soon, it will be free for the mass.
Save lives first before profit. The government should shoulder it all if they still want living people to govern.

[bitgolden]

Well, July is a whole month long and it is bitcoin we are talking about. I can see bitcoin being $12k in July and I can see it being $7k in July as well. What people do not understand that bitcoin can do anything, and I mean literally anything, there could be some groundbreaking new tech that allows bitcoin to be super fast and super cheap and we could see the price break above $20k as well, who knows? Or maybe someone will sell thousands of bitcoin all at once and the price would drop under $5k, who knows?

All of these things could happen in bitcoin which is why I think there is a reason why we do not really care about why bitcoin could go up or down, what we care about is will it? The "can it" part is already decided and it can, the part where we are not sure about is the "will it" part and we can't really know that before it happens.

[exstasie]

As a counterpoint to the OP, I thought people might like to know that one of our resident analysts (who has made some incredible calls in the past) is quite bearish on BTC:

Guessing the following at the moment...

Sub-$1K.....

I definitely prefer thecodebear's scenario, but until $10.5K (and maybe also the June 2019 top) is broken, I won't rule it out.

[Vaculin]

Imagine hodling through $20000 only to see bitcoin trade back under $1000. That would definitely shake even the most hardcore BTC believers...

Doesn't mean it will happen. But it could.

I'm seeing it as the worse case scenario.

At least we should be ready with all possibilities, if altcoins like ETH dump really hard from its ATH of $1,300 to less than $100, then I think it's possible to any crypto coin, even with bitcoin.

However, if that will happen, it might shake me a bit but I'm not willing to give up holding.

[buwaytress]

As a counterpoint to the OP, I thought people might like to know that one of our resident analysts (who has made some incredible calls in the past) is quite bearish on BTC:

Guessing the following at the moment...

Sub-$1K.....

I definitely prefer thecodebear's scenario, but until $10.5K (and maybe also the June 2019 top) is broken, I won't rule it out.

Imagine hodling through $20000 only to see bitcoin trade back under $1000. That would definitely shake even the most hardcore BTC believers...

Doesn't mean it will happen. But it could.

Never mind 1k, I can imagine and met myself long time miners who shook their heads and put up their hands aa price was tracing down towards 10k from that high. By end of 2018 I don't think they were any I met who weren't shaken. Can't imagine how 3k must have felt later on.

Can't blame them either. Isn't about strong or weak handa anymore. Just about risk appetite.

[kesmex]

yes !, I still strongly believe there will be a big upward movement to come, although this market direction is still not good, and it is reportedly going to $ 8500, I still believe that BTC can survive at $ 9,000

[shoreno]

yes !, I still strongly believe there will be a big upward movement to come, although this market direction is still not good, and it is reportedly going to $ 8500, I still believe that BTC can survive at $ 9,000

count me in  . as i do also believe on it ,  but not just this time were prices are verry hard to predict on where it will go but even before im already a pump believer when it comes to btc and also on other coins as well  .

 dont be discourage if you saw a dump prediction as that is part of the crypto market predictions  because we only have two sides here , if not dump then its going to be pump   .  btc can survive even on a price lower than 9k or 8k

[XCANA]

yes !, I still strongly believe there will be a big upward movement to come, although this market direction is still not good, and it is reportedly going to $ 8500, I still believe that BTC can survive at $ 9,000

Don't forget that, bitcoin has a possibility of going down below $7.5k if the current movement of Bitcoin continues this very months, according to some analysis from reputable bitcoin fans and enthusiasts: the downtrend of Bitcoin is inevitable. Take a careful look at it behavior show's that, if bitcoin break it resistance at $8.8k then we should be expecting downward movement to $7.5k as it lowest. Although, we all hope to see a big turn around for a big movement for us to take our profits.

[slapper]

I do agree with you. I also see the same opportunity that bitcoin will soon rise to $15000 in a month. However, I believe that the main reason why bitcoin is still under $10000 is that whales and big boys are collecting as many bitcoin as they can. While the price is still under $10000, its a great chance for them to accumulate bitcoin and ether in order to maximize the profit. Many news and analysis have pointed out that bitcoin will soon be back to $20000. Sadly, we still dont know which date it will be. Right now is a chance for us to store bitcoin with a pretty cheap price

[judaspriest]

yes !, I still strongly believe there will be a big upward movement to come, although this market direction is still not good, and it is reportedly going to $ 8500, I still believe that BTC can survive at $ 9,000

Don't forget that, bitcoin has a possibility of going down below $7.5k if the current movement of Bitcoin continues this very months, according to some analysis from reputable bitcoin fans and enthusiasts: the downtrend of Bitcoin is inevitable. Take a careful look at it behavior show's that, if bitcoin break it resistance at $8.8k then we should be expecting downward movement to $7.5k as it lowest. Although, we all hope to see a big turn around for a big movement for us to take our profits.

hopefully not down to $ 7500, what will happen to altcoin if the price of Bitcoin to $ 7500? it worries me because I currently hold altcoin