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July 01, 2020, 11:34:35 PM
 #61

Its not a bull market, its not with any trend currently.    It has risen and done well to recover from the lows back to near year highs but theres no regular gain occurring here and its very different to me from the confidence people might express during a period of price growth, we dont have that.
   Today price rose and its done ok this week but its alongside stocks also recovering some and so it seems likely we are drifting amidst a monetary expansion with little selling and a small amount of buying being enough for price to speculate higher I dont assign great significance to current action till it does something new.
  In FEb when we lost the uptrend I should have been alot more cautious but as we did little at first and with no selling to begin with I did not imagine it would result in a sell off, that can happen now at least as a possibility.

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July 02, 2020, 10:07:59 PM
 #62

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.
(....)
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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.
If it happens for real then I'll be happy for that. 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.
If that so, I will never trust these 'experts, there are already a lot of fools nowadays and they feel that they are like Nostradamus or some prophet out there that know everything unless they got some charts and explanation with some validation/invalidation part of their chart.

Then let's wait for the next few months, I really don't think we can see more price actions these few weeks or this month. Bitcoin now is still neutral.

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July 03, 2020, 06:03:56 AM
 #63

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

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July 03, 2020, 08:31:53 AM
 #64

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.

Quote

How do you think?
Today is the first week of July and we are already sitting at 3rd day but Look at the market

https://coinmarketcap.com/

Is this the indication that this month has something Bullying?

Maybe the best way to express this topic is changing the title to "Will The BTC Market BUll Will start this 3rd quarter?"

Better enough to Understand and believe .
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July 03, 2020, 09:03:25 AM
 #65

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

if there is a price increase it already happened before but no there isnt  so i dont also expect it by this month  but price remains stable instead and i liked it too more than you do   .

stable price and increase in the price are both better than a dump price , if only these two will only happen on the crypto market , there will be no problems anymore  .
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July 03, 2020, 10:02:47 AM
 #66

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.

It all depends what time frame we're talking about. If you zoom out to include last year, we've seen all lower highs and lower lows since June 2019. That's a bear market.

To break that structure, bulls need to break and hold above $10.5K.

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July 03, 2020, 10:27:14 AM
 #67

We're already into the month of July, 2020 and nothing seem going to happen base on bitcoin price. What we should understand is, the cryptocurrency market is unpredictable and from 2018 to 2019 the market has been partial in it bullrun even though the price has not been huge  like before. For the price of Bitcoin to skyrocket, it will be difficult because there is no news or event we are expecting to shoot the price of Bitcoin high. Advise, don't invest huge amount of money into bitcoin investment now because it seem it price is likely going to fall below $7k this month to August 2020. Invest what you won't regret when at loss.

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July 03, 2020, 12:10:42 PM
 #68

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

Nothing is guaranteed as it is highly volatile market and this crypto itself can either rise or false thousands of dollars in the day. We have seen in past how it has risen or fallen in just one single day and can recover quickly as well. But somehow it has continue holding 9k levels then only we can see some rise in coming time.

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July 03, 2020, 12:39:12 PM
 #69

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

Nothing is guaranteed as it is highly volatile market and this crypto itself can either rise or false thousands of dollars in the day. We have seen in past how it has risen or fallen in just one single day and can recover quickly as well. But somehow it has continue holding 9k levels then only we can see some rise in coming time.

Many assume that there's something great gonna happen at the first quarter of the month but actually it doesn't guarantee anything and yet we should consider the situation right now since we are facing a huge crisis which affect majority in terms of financial matters. And I don't know if we can see a quick recovery since we don't know yet on when this things ends up so best for now that we will be settled for the stable price and play for the volatility while the status is questionable.

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July 03, 2020, 03:18:02 PM
 #70

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.
Bitcoin price isn't increasing and there are very less chances of it to increase even in the next week as well, as the price is currently not in a stable state and is declining from a few weeks as well. Dump is just around the corner and in a few weeks we can see the price fall below $9k and after the month of July or August mid we can see the price fall below $7k as well. A couple of my friends who did own about 10 bitcoins have already sold their coins in hope of buying again after the end of the bear market.

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July 03, 2020, 04:15:11 PM
 #71

3 days is nothing in the bitcoin world and also a lot of time in the bitcoin world at the same time. What I mean by this is that bitcoin price could go up a lot in three days, it could go up like a million times but at the same time it could not move at all for months, this is why I think it is crucial to know that bitcoin not moving for 3 days is not a big deal not because it can't go up in three days (it can go up a lot) but it can also stay the same for a lot longer period, this is the part where people are mistaking.

Wait a bit more, July is just starting out and it will continue for another 27 days and unless you are talking about some major stagnant record breaking situation, it will definitely move eventually, either up or down but it will definitely move to some direction.

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July 03, 2020, 08:52:37 PM
 #72

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

Let's not rejoice yet, since there's no significant attempt that bull run could take a better dominance this month. However, don't lose such hope that in every milestone there's always a better future. Just stay still and calm while we don't market still trying to recover at most potential capability.
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July 03, 2020, 09:00:54 PM
 #73

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

Let's not rejoice yet, since there's no significant attempt that bull run could take a better dominance this month. However, don't lose such hope that in every milestone there's always a better future. Just stay still and calm while we don't market still trying to recover at most potential capability.
Youre right and there's also no significant momentum in the market that bull run will happen until it last month of Q4 or next year since the last halving havent show any effect sign in the market. However, it is good we're not in totally dump market and i think we should wait till it Sunday to be sure the next trend the market will pose.

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July 03, 2020, 09:36:43 PM
 #74

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.

It all depends what time frame we're talking about. If you zoom out to include last year, we've seen all lower highs and lower lows since June 2019. That's a bear market.

To break that structure, bulls need to break and hold above $10.5K.

But if we take an even larger scale, it turns out that in order to exit the bear market it is necessary to exceed 20k, right? I do not think that this is the correct reasoning since in this global bear market there were times when bitcoin made x3. It seems to me because of the great volatility of the crypto, the concept of a bear and bull market is very blurry here. And the only factor (price) cannot be as unambiguous indication, it is necessary to take into account both trading volumes and utilitarian use, etc.

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July 03, 2020, 10:36:37 PM
 #75

The price can go either way but we also think it is following a familiar trend from 2016, some still expect a minimal dump in price before the pump, maybe in few weeks. The resistance at both (Lower and high) ends look weak and it is acall for concern on swing in either way. We just need to decide where to stay; in altcoin and bitcoin, if both? at what proportion.
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July 04, 2020, 01:32:13 AM
Last edit: June 12, 2023, 03:00:16 AM by STT
 #76

So far its weakness and into the weekend where normally theres some rise.   The main markets are quite positive at the moment so that entire context I dont think BTC is doing great overall and I'm not bullish on my opinion for its progress at least in this summer I think its lagging and best idea is neutral until we are disproved otherwise.



Loses 2 day  average nothing dramatic, just nothing at all really.   On 4hr bars it only managed to stay above weekly average for 5 bars before dipping below again, its worse to try and fail and fallback and shows thats the correct direction or thats my interpretation.

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July 04, 2020, 09:42:18 AM
 #77

3 days have passed, and there are no signs yet. it looks like we have a moon full of calm. Yeah, this is better than a dump. it's just, I still hope the price increase at the beginning of this month. Well, maybe the price movement will be seen next week.

Not too early man. Just like what you said, there's no signs yet. No significant turning point yet, all we have is bullish speculations from crypto analyst and self proclaimed crypto Nostradamus.
As you can see, the Bitcoin network becomes busier and It seems that there's a wider adaption happening ,but still didn't make any positive impact yet.
Most likely we'll get to see a short rise touching beyond $10,000 level on the fourth quarter of this year.
Realistic predictions is below $15,000(highest) before the 2020 ends.

R


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July 04, 2020, 01:00:53 PM
 #78

BTC is a forever trusted cryptocurrency so it will pump and dump at anytime, The current market is cat on the wall, so we never predict the when bull run will possible in Bitcoin. Normally Bitcoin is going to moon on end of the month, But recent COVID is totally unpredictable the current economic development so we just trust the future pump and invest the Bitcoin is a only way in this month. I hope next year we are all see some possible growth in BTC.

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July 04, 2020, 02:05:28 PM
Merited by nealvanessa990 (1)
 #79

I think its not possible bull in July and even not possible to cross $10k mark in this year. I am waiting for 2022 going to Moon.
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July 04, 2020, 02:07:45 PM
 #80

BTC is a forever trusted cryptocurrency so it will pump and dump at anytime, The current market is cat on the wall, so we never predict the when bull run will possible in Bitcoin. Normally Bitcoin is going to moon on end of the month, But recent COVID is totally unpredictable the current economic development so we just trust the future pump and invest the Bitcoin is a only way in this month. I hope next year we are all see some possible growth in BTC.

July is already here and there are no signs of a bull run. You are right about it that it may take a year or a half when we see the bull run. I understand this is a lot of time but then those who are patience will get the better reward of holding the bitcoins. 2020 is a year where covid19 is dominating all the other activities and i see no bull run in this year.
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