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[btc78]

The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also rejected at $10,500 which is a pivotal resistance level.

Bitcoin is still hovering at that same range until now,maybe a little low but still not bad compared to the prices last year same time frame.
for me this is much better than dumping to 5k again and stays until the rest of the year.
and also let us keep the patience mate,we are still in the good movement staying strong at $9k,and we will see another Grow this coming 3rd quarter to the 4th.

[1714746958]

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[1714746958]

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[Twinkledoe]

But what I'm pointing is that these 'experts' giving timeframes which could possibly go wrong as some people are believing them as if they are prophesying the price to be like that for real. There's a possibility that it will happen but the point is that most of these experts are saying about the model that they're working on.

It hasn't been validated unless we see that it goes accurately or not by next month.

Technical Analysis is just crunching previous data and used it to predict the future movement. So you are correct that it might go wrong because this just a prediction but there's a high chance that it will occur since the prediction is based on statistics and not from a random guessing.

But it will be absurd if anyone predicted when will the BTC gonna enter bull Market without any basis. I mean you can predict if BTC is near to break out but its impossible to pin point the time it will occur. So you have some fair point so I agree to you that no one can predict that it will happened next month or not.

They can only speculate the possible timeframe when will it enter but it may divert from the reality. What good it will bring to crypto users as predictions are just mere estimates. If you are a holder, just decide on your own what you gonna do with your portfolio. Don't rely your decision form these predictions.

[Yamifoud]

I'm looking forward to how the market rallied in this quarter 4 months since the start of the pandemic. But I'm not been optimistic soo much to think about being in the bullish market and we can't make that highs early this quarter knowing the market resistance is still at a low.

However, it is possible to surpass the $10k resistance and I believe that we can make it again if the current momentum will be changed. Mostly we saw some ups in the 3rd and 4th quarters, and I was hoping for the market to behave the same as what happens in the previous years.

[coinfinger]

There is panic due to the pandemic so a lot of people are not ready to start investing.
Some of them are still panicking that the price will fall back again if there happens to be another wave of the Coronavirus. A lot of people have been talking about the second wave of the outbreak, but I don’t know what kind of effect it’s going to have on the cryptocurrency market.

Although the way I see things, it’s unlikely that things will be getting affected, even if it does, it’s not going to be as much as the first time. And some news articles that I have been reading recently shows that investors are starting to invest more in Bitcoin and there might be a bull run soon.

[smyslov]

Although I am positive with current bitcoin movements but I don't think something like bull run will happen in July. Its seems from long times bitcoin playing around $8.5K to $10K zone. So even it goes to $11K I will not say its bull run. My personal belief is bitcoin still not ready for bull run. Its because world crisis due to covid-19 epidemic. We don't know when really it will end exactly. World's financial condition isn't soo good, so during that times we can't expect big investors into bitcoin which would led a bull run. But I am expecting perhaps we will see a bull run after end of epidemic.

We have the same reasoning, we just be thankful that Bitcoin is not dropping we have a very long bear and things will be very different if it's not on this pandemic, there are sectors that like to buy and accumulate Bitcoin but the condition of the economy on various country is what hampers but we'll see if his analysis shows different direction from what we have.

[bitgolden]

The main reason why "experts" gives opinions is the fact that if you give enough opinions one of them will be right and you can collect all the right ones you have calculated and you will be capable of putting them together and show others why you are an expert. They continue to be experts and continue to get questions asked to them and continue to get paid for being experts as a consultant in some companies regarding crypto all thanks to this trick.

Now you can't become an expert on bitcoin that easily on the starting up side, you need to do something that gets attention, but after you became one it is quite easy to keep being super important person only thanks to saying to one place it may go down and telling the other one it may go up and whichever is right you put it on your twitter and on your website and you get a credit for it while ignoring the other one.

[ScamViruS]

I am optimistic that Bitcoin will do well in July. Because none of us can say exactly where Bitcoin will go next. Everyone can only give predictions, there is nothing else to do. However, many traders are still a little scared because of the March dump. So it is difficult to give the perfect target of the market. In fact, there is no basis for targeting a particular month. If the bitcoin bull market starts, the market needs some time to get ready.The market moves on its own, so the market will decide whether the bull market will start or not.

[ReiMomo]

We can't give exact prediction if where the price headed by next month July, (I mean tomorrow is the month of July) it will remain unpredictable to me. But that's extremely right, I'm also optimistic about my prediction that bitcoin will be headed up next month and I guess it will surpass the $10k. One of the reasons I guess the massive adoption of bitcoin due to pandemic and most people want to use payment through the online and also the gambling industry has a big impact on crypto prices.

Let just wait and see what will happen, my question is. Have you fulled your bag before the price will rally?

[carlfebz2]

The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also rejected at $10,500 which is a pivotal resistance level.

Surprisingly, Bitcoin price dropped rapidly as it fell below $6,000, ultimately dropping to a yearly low at $3,600 on BitMEX. This caused mayhem in the cryptocurrency market as more than $1 billion worth of leveraged positions were liquidated.

According to Woo, Bitcoin was positioned for a bull market before the coronavirus pandemic affected nearly all risk-on markets. Woo’s new model, which accurately marked the start of four previous bull runs, indicates Bitcoin is preparing for another uptrend in the near-term.

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

How do you think?

Dont know who the hell is Woo but anyone can really make out those market model that they've been trying to share out and telling that market is preparing for a bull run into that particular time.

I dont know why people are still forcing out that the current pandemic situation is the main culprit or reason on why crypto market experienced a dip down yet we didnt even talked about on

how it do able to manage to increase this high yet we are still in the presence of pandemic which basically shows up total correlation among the two.

[STT]

Nothing convinces me from recent action that we are being held back and just ready to burst higher because the action is so positive so no I dont call this a bull market and its not bearish yet either but we cant just assume BTC rises.      Typically BTC can rise alot even while taking harsh pull backs but we lack signs of either dynamic ready to contend with.   I dont think it'll happen in July or August or even the autumn, not that I say its impossible but I cant believe in any great expansion when we dont have a mass of new growth in population or enough positives to think now is the time for a start to a bull market.

[Ridwan Fauzi]

I hope it does.

A lot of predictions by my friends are that the bull market may come but I am not expecting that much since there are some problems to that and that may relate to the pandemic happening right now. People might be scared of the movements so if the bull market comes, then it is great but if it isn't, that is fine. I know it is worth it to wait.

This pandemic is horrible, it been a long time to see the pandemic goes away but it won't happen in the near time. Maybe we all need a long time to see the economic situation run normaly and the market (either stock market and crypto market) move to the good sentiment and investor store their money back in it. Bitcoin's price still consilidating for several weeks, we just touch the high price at 9700 and the low price at $8800. So, I just predicted if the price broke the both price we will see the pump and the dump scenario.

[traderethereum]

Nothing convinces me from recent action that we are being held back and just ready to burst higher because the action is so positive so no I dont call this a bull market and its not bearish yet either but we cant just assume BTC rises.      Typically BTC can rise alot even while taking harsh pull backs but we lack signs of either dynamic ready to contend with.   I dont think it'll happen in July or August or even the autumn, not that I say its impossible but I cant believe in any great expansion when we dont have a mass of new growth in population or enough positives to think now is the time for a start to a bull market.

Then we can only prepare for anything that might comes to bitcoin while we can also try to trade and make a profit.
This time, the altcoin moves seem good to trade while some altcoin can go up and down, so we can hope that our profit will come from the altcoin.
While bitcoin price is not moving well in the last month, we need to be patient because we don't know if the price of bitcoin can increase higher or not at the beginning of this month.
So what we can do right now is waiting and making buy and sell if you think you can analyze the market.

[Slow death]

According to Woo, Bitcoin was positioned for a bull market before the coronavirus pandemic affected nearly all risk-on markets. Woo’s new model, which accurately marked the start of four previous bull runs, indicates Bitcoin is preparing for another uptrend in the near-term.

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

How do you think?

in my opinion what happens is that people create high expectations because some analysts are making exaggerated price forecasts and when the price is stagnant people once again realize that they have been deluded and start selling, look at this:

Survey Shows 42% of Investors Expect a $15K Bitcoin Price in 2020

are investors who are creating high expectations, maybe they should have bought more bitcoins in the hope of seeing the price reach $ 15,000, now imagine that these investors are already deluded with $ 15,000 and another guy appears saying that the price will reach $ 500,000

Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K

these investors created more expectations, even if they appear on the forums saying that they are not believing in this forecast of $500,000 at the end of the day they are really believing in the forecast of $500,000 they just do not want to admit in public.

[exstasie]

Keep in mind, Willy Woo is a perma bull. He was mega bullish in February too. https://twitter.com/woonomic/status/1226387700963532801

We can't predict this because market aren't accurate. The price defend on the market volatility as of now market volatility is slightly low base on my T.A i use Average True Range (ATR) which is the volatility indicator

Yep, similar idea to Bollinger Bands. It's a well defined range; we should let the price action do the talking. What Willy Woo is saying would sound a lot more interesting if the market were trading $1,500 higher.

[Upgate]

Actually we can not figure out when the bull run will start cos the pandemic has deeply meltdown the world's economy. Due to that, there are no much influx of money into the cryptosphere that would have help to skyrocket the bull run. Am expecting this years bull run to take effect by next year April, when businesses and company's must have been operating fully without the lockdown.
 As it stands now, bitcoin price will be fluctuating around $8k - $10k until the pandemic is over

[imstillthebest]

Actually we can not figure out when the bull run will start cos the pandemic has deeply meltdown the world's economy. Due to that, there are no much influx of money into the cryptosphere that would have help to skyrocket the bull run. Am expecting this years bull run to take effect by next year April, when businesses and company's must have been operating fully without the lockdown.
 As it stands now, bitcoin price will be fluctuating around $8k - $10k until the pandemic is over

next year april ? that means the pandemic will be gone by that time ? thats too long  but that could be right because they say the real cure will only be released by next year  . 

cryptos were indemand during these season and people still have money because government gave something and jobs arent totally shut down but these money is i think not enough to trigger the bull run but this is only good for recovery and some small increase   .

[Onuohakk]

Actually we can not figure out when the bull run will start cos the pandemic has deeply meltdown the world's economy. Due to that, there are no much influx of money into the cryptosphere that would have help to skyrocket the bull run. Am expecting this years bull run to take effect by next year April, when businesses and company's must have been operating fully without the lockdown.
 As it stands now, bitcoin price will be fluctuating around $8k - $10k until the pandemic is over

next year april ? that means the pandemic will be gone by that time ? thats too long  but that could be right because they say the real cure will only be released by next year  . 

cryptos were indemand during these season and people still have money because government gave something and jobs arent totally shut down but these money is i think not enough to trigger the bull run but this is only good for recovery and some small increase   .

Not every country gave out palliative to her citizens. Revised is the case in my own country. Businesses and Job's are still on lockdown due to the outrageous increase of the covid19 patients.
Everybody is stock up with nothing at their different homes. Hunger is the only thing killing people more than the covid19.

[hahay]

Actually we can not figure out when the bull run will start cos the pandemic has deeply meltdown the world's economy. Due to that, there are no much influx of money into the cryptosphere that would have help to skyrocket the bull run. Am expecting this years bull run to take effect by next year April, when businesses and company's must have been operating fully without the lockdown.
 As it stands now, bitcoin price will be fluctuating around $8k - $10k until the pandemic is over

next year april ? that means the pandemic will be gone by that time ? thats too long  but that could be right because they say the real cure will only be released by next year  . 

cryptos were indemand during these season and people still have money because government gave something and jobs arent totally shut down but these money is i think not enough to trigger the bull run but this is only good for recovery and some small increase   .

Not every country gave out palliative to her citizens. Revised is the case in my own country. Businesses and Job's are still on lockdown due to the outrageous increase of the covid19 patients.
Everybody is stock up with nothing at their different homes. Hunger is the only thing killing people more than the covid19.

Anyway, there's no guarantee that the vaccine will actually be released next year and we don't really know the exact time when the world will be free of this corona outbreak. But regarding the analysis of the market which might be bullish at the beginning of the third quarter, I'm personally not sure because even today the market is still not strong and tends to continue to weaken and the recovery that occurs is not enough to make the pump even higher.

[RealMalatesta]

I do agree that the future of bitcoin looks a bit bullish but definitely not that much, just a smidge and that is not like huge as some other people have said and expert talked about. I would say in July we will probably go above 10k, and that is definitely the level I see it going to, not 15k not 20k, not something higher, I just think we are going to see 10k because that is just 10% higher and it is totally understandable.

People think that it is not good enough and it should be like 100 million or something stupid but in reality 10 profit you could make in the next one month is still quite a big one and still worths a lot of money if you are smart and have enough money as well. I just hope that I could make that type of profit just 3-4 times a year and do it consistently for the next 20 years, I could retire early.

[serjent05]

As far as I know, Bitcoin is already in a Bull market since the first quarter of the month, probably the question would be if the bullish market will start to kick in this July.  Well some analysis said that there is a possible uptrend these coming days due to the re-accumulation process.

5. Price is currently in an uptrend entering an HVN . Likelihood of re-accumulation and continuation of the uptrend.

It is kinda interesting how the author explains this chart:



source: https://www.tradingview.com/chart/BTCUSD/2g6DLkmQ-Bitcoin-Volume-Profile-Fixed-Range-Analysis-Seasonality/