Is Bitcoin Looking Bullish now?

[STT]

It could be bullish for last few days yea, still range bound at the moment.   The best bullish action is within a trend, which we lack perfectly.



We got a rise and then a triangle and pulling back from that peak.   If it can break the decline/pullback then it can become bullish as we pull higher.   We have a rise early Sunday hours opening and I'll go with bullish if we can get past 10027 flat top there.   Then we reattempt the peak prices likely and try to form a break upwards.

[Silberman]

We almost reached 11400 and now the price is trading slightly above 11000, this has been a good week for bitcoin but one thing that is worrying me is that each day is presenting a lower volume and this is never a good sign if we are expecting for a big positive movement, I just hope that investors are just trying to exhaust the bears so we can see another increase in the price during the following days and weeks but it is entirely possible as well the price will go below 11000 for a few days before we get a chance to see a another growth.

[gabbie2010]

With reference to 4 hour timeframe there many bearish exhaustion candles an indication of the market bullish sentiment while the price had broken the resistance at $10800 and successfully retraced or pullback to touch the resistance turned support another confirmed bullish trend I hope the trend is sustain till the next Resistance at $12000K aboveall the market is very bullish for now, except any manipulation by the so-call whales enters the market to create fear.

[DevilSlayer]

We almost reached 11400 and now the price is trading slightly above 11000, this has been a good week for bitcoin but one thing that is worrying me is that each day is presenting a lower volume and this is never a good sign if we are expecting for a big positive movement, I just hope that investors are just trying to exhaust the bears so we can see another increase in the price during the following days and weeks but it is entirely possible as well the price will go below 11000 for a few days before we get a chance to see a another growth.

Sorry mate but you are wrong, it is a bullish sign if the volume is decreasing while the price is correcting or it is pullbacking. If the volume will continue to increase while the price continue to decrease, it is a bearish sign. It is a good thing that the volume is looking bulish after the unusual spike. The price will consolidate for sure and there is now a new resistance formed in daily and weekly chart. Observe the wick in daily chart where it is telling a sign of major resistance.

[kotajikikox]

Technical Analysis Over BTC

Previously BTC did not break the Resistance Zone around 9.325$, which led to the decline and denied our long setup. Now we have an Ascending Channel at 1H and BTC is retesting the Pivot Point. If there is a confirmed breakout of this point will look for a long position. Also consider an option with a retest of the Lower Boundary before we go upward.

Overall locally BTC has a bullish priority as an Ascending Channel, the priority will stay that while we keep inside of this formation.

you have made a great analysis mate,because the trend makes it possible,looking at the graph now?i wish you will make a constant update.

You have made couple of prediction threads and now it all coming worth a wait.

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.

You are wrong because while ethereum is growing that day after couple of days?bitcoin made his own pump  and  more than higher from ethereum.

[STT]

Arguably, Bitcoin is looking bullish so long as dollar isnt looking healthy.   Great many doubts are being expressed for dollar prospects at the moment, I do still expect it to swing round in some retraction which often favours dollar in exchange for the sale of many other assets and markets.    That stronger dollar leads to retraction of BTC but for now, we have an easy outlook for bullish BTC

[Ayiranorea]

Bitcoin is bullish, but it isn't perfectly bullish. The market changes have been taking place slowly. As a result the price which has been moving between the limit $9000 - $9500 has set to cross $10000. All of the sudden a bigger move took place reaching $11000. The growth trend has paused, today there is better growth happening with ethereum. Following ethereum few other altcoins too grown a little. This is a bull trend, but not perfectly bullish.

[carlisle1]

Technical Analysis Over BTC

Nice TA mate and it runs until now that your question has been given answer.2 weeks after you posts this?the price starts to become wild because  Bitcoin Hits more than $11,400 and this is really a price that we are all waiting.

what we are looking at now if this is permanent or just another temporary pump and will soon fall badly again.

Better be ready guys because this already happens so many time,so if you are aware of those then better always look at the market to sell all when the dumps starts.

Bitcoin is bullish, but it isn't perfectly bullish. The market changes have been taking place slowly. As a result the price which has been moving between the limit $9000 - $9500 has set to cross $10000. All of the sudden a bigger move took place reaching $11000. The growth trend has paused, today there is better growth happening with ethereum. Following ethereum few other altcoins too grown a little. This is a bull trend, but not perfectly bullish.

Because this is just a start of a going bull run,growing $2,000 since the Bull starts?
\maybe we will wait again for the right timing ,and also remember there is no such thing as perfect mate  so  just accept what the value given and  but or sell when you feel needed.

[royalfestus]

The two factors that is disturbing in the bitcoin bullish move is the declining value of Dollar and the expected 2nd phase of the pandemic. The palliative maybe finding its way to cryptocurrency but it not solving the bad economic situation of the country. America is very important to the world economy because of the size and that the only consolation to the value of dollar. It might take time but it will stabilize at a point and I also hope vaccine will be available before the of the year

[coolcoinz]

The two factors that is disturbing in the bitcoin bullish move is the declining value of Dollar and the expected 2nd phase of the pandemic. The palliative maybe finding its way to cryptocurrency but it not solving the bad economic situation of the country. America is very important to the world economy because of the size and that the only consolation to the value of dollar. It might take time but it will stabilize at a point and I also hope vaccine will be available before the of the year

I believe there will be no second phase. The number of cases will continue to grow up to the point where all people in the world have gone past it or were vaccinated. There's no need to make a big deal out of it. It's going to be tough for old people but judging by the constantly growing number of reported cases and the small number of deaths, it's not going to be a total disaster, unless the governments decide to close the borders again and force people to stay at home for weeks.


BTC will probably do a small rally to test the last year's top of 13k and that's it. I don't think we are in a strong enough bullish setup to retest 17 or 20k this year. If it happens - great, but it's too early and the sooner it happens the weaker the rally will be.

[STT]

The 1st phase never ended in USA because it has such variance with separate states and theres not been enough restriction on the constant spread by at least some parts of the population.     2nd phase for me would what we're already seeing which is a peak that exceeds the initial deaths and that will continue up until a vaccine can be put into effect and/or more people caught it then are waiting to catch accidentally through failed distance.      In terms of economic and the effect for Bitcoin, I dont think we've seen much rise in actual underlying demand for BTC perhaps from greater population.    We do see quite clearly indirectly that Dollar weaker helps BTC in its pricing increase, if that continues new highs are possible so you could say BTC is bullish by relation to that phenomena perhaps.

[Claymore2]

Bitcoin still on uptrend. I am still looking for 12k usd.But some confirmations still needed   . Let's see 

[Lasky366]

$BTC Update

As was planned BTC broke the 11.350$ Horizontal Resistance Zone and went upward, currently brought +23.3% of profit with x10 leverage. One more bullish sign we have Three White Soldiers are forming and if the pattern confirmed then we will get more upward.

[Taskford]

Bitcoin still on uptrend. I am still looking for 12k usd.But some confirmations still needed   . Let's see 

We are now at 10.6k as Cmc listed price and also the hype still going on so there's a high possibilities that we can see that figures by this month since we are still dealing with the hype brought by the current situation, I also think that we can reach at 15,000 figures by this year.

If you wait for confirmation maybe you cannot find the accurate one so better stake the current amount and if you doubt you can do a short trades to earn some quick bucks on the bitcoins movement today.

[Lasky366]

$BTC Update

As was planned BTC broke the 11.350$ Horizontal Resistance Zone and went upward, currently brought +23.3% of profit with x10 leverage. One more bullish sign we have Three White Soldiers are forming and if the pattern confirmed then we will get more upward.

$Quick Update

BTC printed +37% of profit with x10 leverage. Now got rejected of the mid line of the Ascending Channel, however the Three White Soldiers pattern still valid and we holding this scalp long.

BTC is printing another bullish pattern, Morning Star. Confirmations are always welcome.

[Eugenar]

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.

Bottomline is lack of assurance what could happen in a few days or in an instant. That is right, economies of different countries are on the verge of falling, but it is not absolute. Governments of different nations will not sit there watching such thing to happen. An investor has a freewill whether to invest or not to, at this moment but I do appreciate your point of 'playing it safely'.

But here's the thing which other investors may consider. The problem regarding the pandemic as well as economic issues at this moment is not yet resolved, still, the market price of Bitcoin and other cryptos are on greenmarks. Although lacking assurance that this would be continuous, seeing things of as such at this very moment, is something an investor could gamble with, and earn profit eventually.

So yeah, this could be a bullish run, but until when? To choose not to or to invest is in our hands.

[smyslov]

Bitcoin still on uptrend. I am still looking for 12k usd.But some confirmations still needed   . Let's see 

Yes it is still the uptrend lucky for us it reached the $11700 level and there's a possibility that next week it will reach the $12 k level huge profit for those who invested last week and for those old holders only four months before the end of the year and there's a lot of possibility of all another all time high if this happen, 2021 holds a big promise.

[buwaytress]

Bottomline is lack of assurance what could happen in a few days or in an instant. That is right, economies of different countries are on the verge of falling, but it is not absolute. Governments of different nations will not sit there watching such thing to happen. An investor has a freewill whether to invest or not to, at this moment but I do appreciate your point of 'playing it safely'.

But here's the thing which other investors may consider. The problem regarding the pandemic as well as economic issues at this moment is not yet resolved, still, the market price of Bitcoin and other cryptos are on greenmarks. Although lacking assurance that this would be continuous, seeing things of as such at this very moment, is something an investor could gamble with, and earn profit eventually.

So yeah, this could be a bullish run, but until when? To choose not to or to invest is in our hands.

I'm one advising (myself, not others) caution here, and mainly because I still feel the economic shock hasn't been felt yet, and new data hasn't been coming. But I could still be mistaken about the impact on Bitcoin sentiment, so those already active in crypto will probably not change what they're doing and that might be enough on its own to sustain some kind of rally.

But I do insist that fomo's not likely to happen for new retail investment because well, people who've not yet bitten the bullet simply won't have enough new capital to put into BTC, while those who've been patient like me may be forced to stop accumulating or worse, even chip away at our holdings to survive this period of paycuts etc.

[Silberman]

Arguably, Bitcoin is looking bullish so long as dollar isnt looking healthy.   Great many doubts are being expressed for dollar prospects at the moment, I do still expect it to swing round in some retraction which often favours dollar in exchange for the sale of many other assets and markets.    That stronger dollar leads to retraction of BTC but for now, we have an easy outlook for bullish BTC

The economy of the United States is not really recovering on schedule and it is easy to see why, while in many other countries the pandemic has slow it down significantly this is not the case in the United States and this is making a lot of governors really worried about the situation and when you add the riots and a presidential election coming this November it is natural that investors are really worried about the short term performance of the dollar and the economy of the United States.

[LUCKMCFLY]

Arguably, Bitcoin is looking bullish so long as dollar isnt looking healthy.   Great many doubts are being expressed for dollar prospects at the moment, I do still expect it to swing round in some retraction which often favours dollar in exchange for the sale of many other assets and markets.    That stronger dollar leads to retraction of BTC but for now, we have an easy outlook for bullish BTC

The economy of the United States is not really recovering on schedule and it is easy to see why, while in many other countries the pandemic has slow it down significantly this is not the case in the United States and this is making a lot of governors really worried about the situation and when you add the riots and a presidential election coming this November it is natural that investors are really worried about the short term performance of the dollar and the economy of the United States.

Compared to the initial stages of spreading, right now the count has decreased a lot. Whenever it is questioned, the answer will be related with the number of tests that's been done through out the country. As of now America have made the largest number of covid-19 tests. In between to stay strong in the economy America relapsed everything to function without restrictions. This is the major reason for such a rise compared with other countries.

Sometimes it is uncertain to talk about the fundamental Covid-19, there is speculation about its possible vaccine to eradicate it made in the USA, where it gains a lot of confidence in all kinds, both in markets and in generating more reliability for investors.

When you find some good bullish Bitcoin movements, many emotions are reflected in the market, every time this happens, comes from a news or achievement, if it is for Bitcoin I think it is something very positive, the current movements have been seen with good volume, more purchases, more positions in LONG taken by investors and speculators in the market.