0

[eskider]

0

[pooya87]

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.

it was not rejected at $10500!
there was already a bull market going on from mid December from around $6500 and it was rising with healthy corrections all the way towards previous ATH ($20k). $10.5 was also another target that was reached followed by another healthy correction just like the previous ones (@$7.6k, $8.4k, $9.2k and finally $10.5k).

How do you think?

it is not possible to predict when the bull market is going to be resumed and price to go back to what it was doing 6 months ago. there is still a lot of uncertainty and panic in bitcoin market that is preventing that, it could go away in a couple of days from now or it could last much longer.

[Bodykeepers]

what do you think?

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

[coinycoiny]

Unlikely,

If you have bitcoin you might like to believe it will go up, in the same way a church goer believes he will go to heaven.

The reality is, neither will happen.

[DoubleEdgeEX]

At this point, it´s a guessing game. Imho, TA doesn´t work well with cryptos because of the lack of decade long data and being prone to outside interference. The fact that big players like Fidelity, Vanguard or JP Morgan are getting in, is a good sign though. Grayscales current BTC buying insanity is also remarkable and should be taken in consideration, do they "just" expect something or do they have some deeper insight for that kind of big time shopping spree? They have been buying over 70 percent of all Bitcoins produced each week, with last week’s stash alone exceeding 19,000 BTC! Maybe whales dump their coins to Grayscale, maybe it´s starting it´s own movement into a bullish rally.

[cryptoaddictchie]

The reality is, neither will happen.

During the month of June we experienced how many times it did reaches $10k? Some says its already bull run compared to TA price and charts. So we cant really tell if July could bring some rain over the market. Uptrend or not, holders or long term investors could not care much for this rallying.

At this point, it´s a guessing game. Imho, TA doesn´t work well with cryptos because of the lack of decade long data and being prone to outside interference. ment into a bullish rally.

It does work fine for me but not accurately like 80 to 100%. Some old data have been mirror on current charts but obviously we cant always rely on these aspect.

But fundamentals really sucking in the price movement as whales are beginning to drag it down.

Smelling some bullish actually even CME bitcoin got expired, the market is still on good shape

[NeuroticFish]

model, which accurately marked the start of four previous bull runs, indicates Bitcoin is preparing for another uptrend in the near-term.

~snip~

How do you think?

If we'd know for sure we'd buy all the Bitcoin we could, hence making the price rise already. But we don't.
It's easy to predict. Some are better or worse at that. Some remember all the predictions, some not.

There's one somewhat related quote I love about predictions:

Zerohedge, the site that predicted 200 of the last 2 recessions.

In theory, Bitcoin should be valuated higher than the current 9k levels. In theory, Bitcoin should rise and never stop. But reality is .. different than the theory.

[maydna]

We will see where bitcoin will move in July, and we have a few days later to see that will come. Meanwhile, if you ask about that, I think we already have a bull market before, and we are still in the bull market, although the price now touches $9k. And now, the price still struggles to increase to the high price, but it seems, it will need more time to grow. Since a few days ago, the price is around $8,800-$9,200, and now, the price is $9,100, but the price can increase anytime.

But if bitcoin price can have a bull run in July, and the price can come back to $10k or even higher, that will be good news for, and we can expect to see another new high rate after the price touch $10,500. Perhaps, we need to use another indicator to find out what will happen with the bitcoin price so that we can be ready for anything.

[The Cryptovator]

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.

[winterlemon912]

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?

Since the price of Bitcoin is very volatile, we cannot say that Bitcoin will be having a bullrun on incoming july easily. We can say that it may happen if the pattern of it's price has been read by us but the price movement is still unreadable and we cannot easily predict the future of it. Even if the supply and demand is the factor that can affect the price of Bitcoin, we cannot easily calculate it to know that incoming price of Bitcoin. Even if the professionals try to calculate it, they cannot get the accurate price of Bitcoin in the future because the movement still depends on the users.
Source: https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp

[Lucius]

How do you think?

Haven't all these so-called experts learned the basics yet? They are so preoccupied with halving and are constantly announcing a new bull run as if it is already predetermined in the BTC code itself. But is it realistic to expect a bull run in conditions where the whole world is currently fighting the virus, and where some sectors of the economy are completely devastated?

Unemployment, inflation, reduced production and consumption, living in uncertainty and fear are by no means a good environment for investors. The title and article itself are a third-rate story for those who have no idea what BTC is at all. Maybe the bull run will happen in July, but it is much more likely to happen in July 2021.

[buwaytress]

The only people that Bitcoin's March crash would have been surprising for are those who insist that Bitcoin will magically be bought at 10x the price it currently is when people are living in crashing economies with devaluing fiat and joblessness. I get that long term, Bitcoin will be in demand more as others turn away from poorer alternatives. I don't get how short term, when people are more in need of money than ever before, they'll stop buying bread and buy Bitcoin instead.

[Oasisman]

According to Woo, Bitcoin was positioned for a bull market before the coronavirus pandemic affected nearly all risk-on markets.

It might have been positioned for a bull run but the pandemic occur, and drag everything down, and that's according to everyone who is looking forward to maximize the opportunity of the Bitcoin halving, not just the Woo.

How do you think?

Well, as you can see, we're not done with the health and economic crisis yet. So, what else would you expect? We might say, Bitcoin won't be affected by the events happening in the real world, but It is the people/investors who has been affected and so does their investment.

[slackovic]

How do you think?

Haven't all these so-called experts learned the basics yet? They are so preoccupied with halving and are constantly announcing a new bull run as if it is already predetermined in the BTC code itself. But is it realistic to expect a bull run in conditions where the whole world is currently fighting the virus, and where some sectors of the economy are completely devastated?

Unemployment, inflation, reduced production and consumption, living in uncertainty and fear are by no means a good environment for investors. The title and article itself are a third-rate story for those who have no idea what BTC is at all. Maybe the bull run will happen in July, but it is much more likely to happen in July 2021.

Those so-called experts are just plane journalists who "fight" for one additional click on their story. I am tired of headlines popping out on Facebook about how Bitcoin's next bull run will start in XY days and then, after few hours they publish another article saying why Bitcoin's price could dump in the next XY days.

[pinggoki]

We don't know if the bitcoin will be able to start on being a bull market on the start of the month of July because as of now that the month of June is ending we don't see any chances that the bitcoin has a big movement when it comes to the value of it. Still the bitcoin is very stable as well as the other cryptocurrency.

[Sebas.tian]

  we should learn from the past, haven't seen them predicting bitcoin bullrun and it happened, so, don't expect a bullrun soon. The next months could be good months for Bitcoin but for anyone seeing a bullrun isn't feasible yet. The covid-19 is still slowing the world economy down and somebody is predicting a bullrun come July, 2020. Let understand that, the negative impacts of this covid-19 has been felt on countries and individuals.

[cheezcarls]

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?

I would not really count on that mate. The cryptocurrency trading market is inaccurate, unpredictable and has high volatility. Not even the technical analysts could guarantee that their predictions are going to happen.

In the world of Bitcoin and cryptocurrency, nothing is guaranteed anymore. We have to invest and trade at our own risks, and of course we must learn how to manage our emotions in case the market bleeds.

Bitcoin is treading water right now between $9,000 to $9,500, and now stands around $9,100+. Unless if PlusToken scammers are gonna intervene again by dumping their BTCs, the bull market may be too far from happening. 

[ultrloa]

we should learn from the past, haven't seen them predicting bitcoin bullrun and it happened, so, don't expect a bullrun soon. The next months could be good months for Bitcoin but for anyone seeing a bullrun isn't feasible yet. The covid-19 is still slowing the world economy down and somebody is predicting a bullrun come July, 2020. Let understand that, the negative impacts of this covid-19 has been felt on countries and individuals.

Covid still hit us bad and many people got financially disturbed by this pandemic so I don't think we can see a bull market this july since we still facing a bad economic state so if this still occur for sure people will not going on any investment since for sure they will secure first their needs before anything else as well many people are not earning so it creates a bad reaction to bitcoins since it block the situation for bitcoin to create demand.

[jossiel]

Everytime we go in a bearish trend, there's an expected bull run. But giving timeframes like this coming July, there's no basis on that. We're used to these experts saying that here and there, there's a possible bull run, well basically it's true.

But the point is everyone can say that there's an upcoming bull run regardless of the situation. We can't rely to their words and play on our own if you're looking for the bull run, then wait patiently..

[GreatArkansas]

Everytime we go in a bearish trend, there's an expected bull run. But giving timeframes like this coming July, there's no basis on that. We're used to these experts saying that here and there, there's a possible bull run, well basically it's true.
(....)

"Those who go up, go down. Those who go down, go up". It's something like that for me.
There are a lot of possibilities that we can see a bull market in July like we can see a huge pump or green candle.

For me, on every people their "bull market" is different from their opinion, some say, once we see $10,000 we already in the bull market, some say once we create a new all-time-high that's the start of bull market.
So, for me, it's difficult to identify a bull market.