Is Bitcoin Looking Bullish now?

[Kong Hey Pakboy]

It is tough for us to tell when will bitcoin go bullish or bearish due to its volatility, and the price of bitcoin is just staying between $9,000-$10,000 that it doesn't go up more than $10,000 and doesn't go down to $8,000 since bitcoin halving has occurred last month of May. So let's just hold our bitcoins because it might surprisingly become bullish next month or this year.

[Republikcoin.com]

As per graphical analysis, I can't see good signs that we're going to experience any bull run this year. The previous attempts has no significant factors that will create more demands to attract buyers to buy a lot of assets. There's still a normal trend that we will experience, slight downfalls and minor increase.

Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.

if you think about pumping after halving, then it could have happened at the end of this year, beginning in 2021, or mid-2021. Well, it's the same as what I saw in Halving before. however, there is currently no sign of anything besides stability at a price of $ 9k. Well, it seems we really need to wait a little longer.

[Fundamentals Of]

As per graphical analysis, I can't see good signs that we're going to experience any bull run this year. The previous attempts has no significant factors that will create more demands to attract buyers to buy a lot of assets. There's still a normal trend that we will experience, slight downfalls and minor increase.

Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.

if you think about pumping after halving, then it could have happened at the end of this year, beginning in 2021, or mid-2021. Well, it's the same as what I saw in Halving before. however, there is currently no sign of anything besides stability at a price of $ 9k. Well, it seems we really need to wait a little longer.

That's as far as halving is concerned. The effect of the deflation in daily Bitcoin supply from mining rewards is not immediate. It will probably take at least 6 months to sink in the market. As soon as the market feels the declining supply that's the time the price will rise significantly. Not to mention that the demand itself is probably rising.

This is not the only factor of course. There are a lot of other factors that play big roles in the price movements of Bitcoin. 

[coinfinger]

Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.

By considering about the news we are getting right now on covid19 vaccines, I guess we're going to have bull run by the beginning of August month or well in advance to that, like by end of this month itself. Because, when we are getting positive news which will be helping world economic to grow then definitely all markets will start reacting to that.

I believe the current bitcoin market's stagnant condition is because of world slow economic conditions and when there is a trigger for world economic to get back into its usual actions then definitely we can expect bitcoin market also getting into its usual fluctuations and then bullish trend because there is a big bull run is due in bitcoin markets after the recent halving. So, I cannot agree that bull run is not possible for this year still it will be purely depends of vaccines for covid19.

[michellee]

Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.

if you think about pumping after halving, then it could have happened at the end of this year, beginning in 2021, or mid-2021. Well, it's the same as what I saw in Halving before. however, there is currently no sign of anything besides stability at a price of $ 9k. Well, it seems we really need to wait a little longer.

I don't think like that because, as I saw in the last halving, the pumping is not happening right after halving, but it did happen after a few months, so we must be patient to wait for the pump. I hope the stability will be at $9k, but we don't know what will happen later since we have much time to see the bitcoin journey.

Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.

By considering about the news we are getting right now on covid19 vaccines, I guess we're going to have bull run by the beginning of August month or well in advance to that, like by end of this month itself. Because, when we are getting positive news which will be helping world economic to grow then definitely all markets will start reacting to that.

I believe the current bitcoin market's stagnant condition is because of world slow economic conditions and when there is a trigger for world economic to get back into its usual actions then definitely we can expect bitcoin market also getting into its usual fluctuations and then bullish trend because there is a big bull run is due in bitcoin markets after the recent halving. So, I cannot agree that bull run is not possible for this year still it will be purely depends of vaccines for covid19.

There is a chance to see the pump will start in the next month, but we don't know for sure. We are now at the end of this month, and everything can happen to the bitcoin price. I am sure the world economy will recover and back to grow in the pandemic and the new normal. The bullish market itself will follow and will start a rally to the high price, and that will be the time for the bull run comes.

[Lasky366]

$BTC Update

BTC jumped by 1.32%, but looks like a pump 😅

[Zackgeno96]

$BTC Update

BTC jumped by 1.32%, but looks like a pump 😅

It doesn't look like a pump but it is a breakout that happened and a little bit of price fluctuation is always associated with it, would definitely like to see a healthy price action with bitcoin price that would atleast break the $9500 and $10.2k resistance and then we can see a generous pump. Once the pump start we will see a huge bullish action by the traders and also due to the bots and $15k or $20k will be my next target, once it is reached we can see a small support check and once it is validated then we can see a sharp increase in price to atleast $30k or more.

[Lasky366]

$BTC Update

Nothing much to say, Bitcoin perfectly hit in 9.530$ Resistance and reached all of our targets. This setup brought +44.5% of profit with x10 leverage. Position is covered.Boom

[atjiat]

$BTC Update

Nothing much to say, Bitcoin perfectly hit in 9.530$ Resistance and reached all of our targets. This setup brought +44.5% of profit with x10 leverage. Position is covered.Boom

This is really an excellent indicator that we all very much expected. I think this point is a very harsh response to all skeptics who spoke out negatively and denied Bitcoin's ability to reach $ 9,500.   Moreover, the chart gives very good forecasts.

[Janation]

Appreciate your efforts in showcasing this but we need to refrain making any investment into BTC as of now because world's economy is at brink of collapse and this can send Bitcoin crashing anytime so it's better to stay neutral at this moment, we will be able to make a proper prediction only post this pandemic when dust settles.

I don't mind taking the risk here.

Despite the pandemic, we've seen the price went up to $10K, the price is slightly going up so we might see it again this week or maybe at the start of August. The twitter hack/scam did some effect on the price but I don't think it will be a longer.

[ethereumhunter]

Finally, I am happy to see the bitcoin price can increase so high and touch more than $9,500. I am sure that soon, we will see another bullish trend from bitcoin, and the price will have the opportunity to hit $10k. I think after the price reached the high price this time, it will make another correction, and we need to be ready for the down, and make sure that we can decide to buy more bitcoin or to watch the market. I am curious about what happened at the end of this week because right now, we are still at the bullish trend.

[TheGreatPython]

Finally, I am happy to see the bitcoin price can increase so high and touch more than $9,500. I am sure that soon, we will see another bullish trend from bitcoin, and the price will have the opportunity to hit $10k. I think after the price reached the high price this time, it will make another correction, and we need to be ready for the down, and make sure that we can decide to buy more bitcoin or to watch the market. I am curious about what happened at the end of this week because right now, we are still at the bullish trend.

Yes it looks a bit bullish, not too much just a tiny bit. The reason for that is the lack of volume and that means if one rich dude with a lot of bitcoin sells their coins the price would plummet down a lot, and that could trigger some stop loss people have which they will sell at that time as well and all of this could cause some sort of FUD which could cause people to sell because they are afraid (known as panic sale).

Could the opposite happen? Of course it could, some guy who is rich could buy a ton of bitcoin and could increase the price but in my mind it sounds easier for a whale in bitcoin to sell $20k bitcoins to the market price versus some rich guy buying 500 million dollars worth of bitcoin, they are both possible but first one sounds more realistic. Which is why I see it a bit bearish.

[mace15]

and it has actually increased. it's the hard resistance area where bitcoin needs to break it to rise to more than $ 10k this month. But it seems that buying power is weakening at this stage and maybe bitcoin will continue to sideway. This is an opportunity for us to trade short with great leverage.

Showing the charts above, I’m glad to see bitcoin price at $9500 this means there is a good movement happening. We always waiting to rise it to $10k if in case this will not reach this month let's see in the coming months. A lot of things can happen actually but I cannot say this is in the bullish stage. Indeed an opportunity to many to do the short term trade since the market is very active.

[Silberman]

During the last three days we have seen bitcoin moving positively in its price, this may seem a good signal but we are going to see if this recovery is for real when the price begins to hit 10k, if we can get above that price and remain there for some time there is reason to be bullish about bitcoin but if the volume begins to go down then the movement will be exhausted and we will go back to the 9200 level and look at more sideways movement for at least another month.

[Emitdama]

As of now, bitcoin is trading around $9600~ which must be an enough thing to confirm that bitcoin is looking bullish right now. I believe as the news on covid19 vaccine gets intensifying, it seems investors are getting back their confident about good economy conditions everywhere, so we are having bitcoin is trading above $9500 levels which was seeming too hard target some two weeks back. I guess this is time for FOMO to be coming into action.

I guess only FOMO influenced market condition alone seeming like bullish trend for some people's eye but they are wrong in my opinion. Because, bitcoin is into bullish trend since June of 2019. Yes, it is slowly recovering from the bottom after the ATH. Unfortunately it tested the bottom again due to covid19 outbreak. So, bitcoin is already into bullish trend for more than a year but it has not manged to trade near ATH.

[STT]

Its starting to look a bit more bullish now but its only short term as an idea for now.   Its basically in the same range but theres the idea of rising prices on the lows for most of July, not that impressive but its worth noting because later on it can lead to the more impressive action that nobody ignores as its so active.
   Immediately I would look at 9800 to see how it handles that, not sure there will be any reasoning to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively.   Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.

[milewilda]

Its starting to look a bit more bullish now but its only short term as an idea for now.   Its basically in the same range but theres the idea of rising prices on the lows for most of July, not that impressive but its worth noting because later on it can lead to the more impressive action that nobody ignores as its so active.
   Immediately I would look at 9800 to see how it handles that, now sure I'll be able to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively.   Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.

Already secured out my profits when it hits in 9600 and i didnt intend to set TP in 9700 resistance yet my guts tell me that it wont able to push it through nor would able to reach and bounceback down again.
For now its better to make short up trades and im now waiting for 9200+ correction and try to accumulate once again.Luckily i do able to get in when the price hits up 9100 few days or a week ago as i remember.

Telling if price is somewhat bullish now then i can see such thing.Volume isnt really that high and technicals do still shows sideways or accumulation period.We wouldnt know on when the
resistance could be break of.

[shoreno]

Its starting to look a bit more bullish now but its only short term as an idea for now.   Its basically in the same range but theres the idea of rising prices on the lows for most of July, not that impressive but its worth noting because later on it can lead to the more impressive action that nobody ignores as its so active.
   Immediately I would look at 9800 to see how it handles that, now sure I'll be able to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively.   Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.

Already secured out my profits when it hits in 9600 and i didnt intend to set TP in 9700 resistance yet my guts tell me that it wont able to push it through nor would able to reach and bounceback down again.
For now its better to make short up trades and im now waiting for 9200+ correction and try to accumulate once again.Luckily i do able to get in when the price hits up 9100 few days or a week ago as i remember.

Telling if price is somewhat bullish now then i can see such thing.Volume isnt really that high and technicals do still shows sideways or accumulation period.We wouldnt know on when the
resistance could be break of.

nice work man . its hard to profit big now and you know what your doing  . thats the best part about bitcoin because we can be able to make it as a short time investment if not for long term and we can also be able to make it as long term when we feel that things are getting positive . been a long time and we are still on the same range , 9k usd something is considered a standard price  , if we saw a small increase which is rare to happen i  can say that btc looks so bullish with that

[ololajulo]

I think the focus is not on bitcoin at the moment but bitcoin will take a big benefit from it. The sentiment in the market is positive for both altcoin and bitcoin but I dont deceive myself that the space is clean of scam. Every contemporary hype is weakness for attraction, maybe it is the new phase. it is important to tread gently and trade smartly.

[ethereumhunter]

Finally, I am happy to see the bitcoin price can increase so high and touch more than $9,500. I am sure that soon, we will see another bullish trend from bitcoin, and the price will have the opportunity to hit $10k. I think after the price reached the high price this time, it will make another correction, and we need to be ready for the down, and make sure that we can decide to buy more bitcoin or to watch the market. I am curious about what happened at the end of this week because right now, we are still at the bullish trend.

Yes it looks a bit bullish, not too much just a tiny bit. The reason for that is the lack of volume and that means if one rich dude with a lot of bitcoin sells their coins the price would plummet down a lot, and that could trigger some stop loss people have which they will sell at that time as well and all of this could cause some sort of FUD which could cause people to sell because they are afraid (known as panic sale).

Could the opposite happen? Of course it could, some guy who is rich could buy a ton of bitcoin and could increase the price but in my mind it sounds easier for a whale in bitcoin to sell $20k bitcoins to the market price versus some rich guy buying 500 million dollars worth of bitcoin, they are both possible but first one sounds more realistic. Which is why I see it a bit bearish.

Even though the price does not increase so high, but this bullish can make the price back to $9,500, so the bitcoin price can break the barrier. It will need more time to break the next high price, which we don't know when it will happen. I am sure that the volume will increase, and many people will come back to the bitcoin market, and they will buy and sell bitcoin as before. The stop loss will work if they are afraid if the price is going down, but they need to make more analysis to know the situations, so they don't easily use the stop-loss function.

The whales will easily buy and sell bitcoin at any price, but I am sure that the whales will want to make a profit. But the difference is they know when to enter and quit from the market, and they can make more profit than the other people.