What's happening with Bitcoin & altcoins?

[Oasisman]

~snip~

It's so ironic that your name contradicts your statement.
You should be the one orchestrating a technical analysis supported with fundamental news about Btc's next price movements, and not the one who's asking suggestion from other people. Your post sounds like you're the one who's getting tips from fellow members.

Anyway, Bitcoin is showing a rising trend from the past couple of days surpassing the stubborn resistance $10,000 level. That's a clear sign of an upward movement already, infact It even touches the $11,000 level yesterday.
Altcoins are majorly following Bitcoins trend.
Lastly, whales might be responsible for this rise, but people are still accumulating because of the 2021 post halving price predictions.

[okala]

Op I think you are now seeing what is happening in the market currently and I am seeing a further push towards $12,000. Many institutional investors are investing currently and many people are getting in so that they will not get disappointed like 2017.

[Janation]

I think I read this in the right time.

The price are now pushing towards $12K, the awaited price is now here and the thought of Bitcoin increasing less than other altcoins does doesn't mean that Bitcoin is not better. You can't expect Bitcoin to increase 2x like other lower altcoins with lower price that has a potential to do it.

[btc78]

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

Hours after posting this thread?the price of Bitcoin,Ethereum and  Ripple goes  Wild,Imagine after a month that being under the
USDT value finally XRP find its way to His regular rank.
Hyping more than 7% now?
well Altcoins maybe holding the moment before finally taking the great Move towards Real Bullrun.
Skyrocketing at $11,300 yesterday  and drowning to bellow 11k,not it is consistently taking the domination and  EThereum never  left behind and Ripple.
I will have my Popcorn watching this scenario now,if bitcoin did not fall down to below $10,000?then this is what we are waiting for.

[n0ne]

The price of bitcoin is gaining resistance over $11000. I'm sure the price will stagger within $10800 - $11200 for few weeks time. Maybe after that we can experience price increase with bitcoin. On the other side altcoins weren't growing same as bitcoin. This means this can be considered as a right option to invest on altcoins, as the altcoins bull trend will happen soon along with bitcoin.

[LogitechMouse]

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario .

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

[bitbunnny]

Currently Bitcoin price is on the rise. It's hard to tell if this will last but many expect that this upward trend might continue or at least keep at current level for a while.
Some altcoin investors sell the coins to invest in Bitcoin so the price of some altcoins is going into opposite direction compared to Bitcoin. All in all nothing unusual I would say and nothing that we haven't seen before.

[InvoKing]

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario .

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

With a final dump result for sure. The question is how far this bubble will attend

[Harlot]

I doubt that this is the case if we look at in any dominance chart Bitcoin impressively has sustained it's market dominance at above 60% of the total market cap showing that BTC is still holding the biggest share in the crypto market. It would be harder for other cryptocurrencies to pump if the biggest share is on the top cryptocurrencies, so maybe the ones who you are seeing going up are just price pumps without volume  which happens all the time to less popular cryptocurrencies, in other words this isn't really an "alt season" if that's what you are asking.

[Ridwan Fauzi]

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

Move this thread if your main purpose is to speculate altcoin price movement.

Actually, the altcoin price movement is depend on bitcoin price movement. As for if there is an altcoin price that increasing a lot it is because the market of bitcoin is good also. Maybe, the altcoins which already increased a lot have a good fundamental factor.

Like ADA as an example, this coin has good fundamental factor because the team behind ADA will upgrade the ADA's system and many people believe that the upgrade will give a good effect for ADA's price and that has been happened. And I don't think that the increase price for altcoin due to whales, because as we can see now the price still high.

[Reid]

Don't be fooled that it will just always be whales who can move the price upwards.
There has been a bloody effect on stocks and commodities which could also be one reason into the sudden switch if investors.
It may be alarming for them and suddenly there is the panic that might be happening.
Consider that as also one of the causes of why bitcoin and altcoins are slowly moving up.

[imstillthebest]

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

btc done crossing 10k level and it stayed there for quite some time  . thats one of a sign that a coin can continue to rise if not rise it will only go down cause by traders that already waiting for the moment btc reaches 10k level  .  its not possible for an alt to increase more than btc and no one on the history of crypto have done that to btc  .  or you mean to say increase by the means of percentage  ? , you should be clear next time  . we shouldnt think negative , this is a legit pump that is happening and lets do the right thing  .

[RealMalatesta]

Pump and dump is not really all that different from what investors wanted and was looking for, not only because it has pump in it but because it is inevitable most of the time.

Pump and dump usually means that someone pumped it to make a profit, then they will dump it when they are done, so a knowing and willing increase of price without care of its demise after it is dumped, but bitcoin can't be like that, there is too much money and too much people involved.

However it could mimic pump and dump, which it has for a long time, when bitcoin price goes up because people think it should and they buy it, however there are so many people who also own bitcoin as well which think the price went up enough and they would like to dump their coins for a profit which is not a wrong thinking. Totally different people, totally different reasons, but when you look at it, it "looks" like pump and dump.

[CryptopreneurBrainboss]

The market revolves in circle and the sooner we realized that the easier it'll be to outsmart the market in profiting from it. Few days back, most cryptocurrency enthusiast would had easily said we're in the altcoin season that bitcoin won't moon for sometime but I guess the recent movements of the market has shattered that thought.

Understanding that money moved form one coin to another is a key fact as few weeks ago, most altcoins were mooning and after profit were taken the next available coin which was bitcoin and ethereum that didn't partake in the mooning trends automatically has to be the beneficiary's of the profits gotten from trading the altcoins.

The same thing will repeat itself in the coming weeks or months, you just have to be prepared when that happens and most have already gotten into a better position to profit from the market direction.

[dunfida]

The market revolves in circle and the sooner we realized that the easier it'll be to outsmart the market in profiting from it. Few days back, most cryptocurrency enthusiast would had easily said we're in the altcoin season that bitcoin won't moon for sometime but I guess the recent movements of the market has shattered that thought.

Understanding that money moved form one coin to another is a key fact as few weeks ago, most altcoins were mooning and after profit were taken the next available coin which was bitcoin and ethereum that didn't partake in the mooning trends automatically has to be the beneficiary's of the profits gotten from trading the altcoins.

The same thing will repeat itself in the coming weeks or months, you just have to be prepared when that happens and most have already gotten into a better position to profit from the market direction.

It already happened since from the beginning on where in mention of circulation of funds then its nothing new that this will be on between alts and bitcoin itself.

When it comes to sentiments or analysis that had been shattered then its always been like this due to unpredictability of the market.For people that had been
here on this market for a while now then these kind of movement wont really give out any question into their minds. Prices between the two can either not or
do collaborate in a particular manner.

[Questat]

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

Guess what level we are now, bitcoin trading already at $11200 at the moment, that's another level of achievement this year.
We have achieved the current high this year already which is $11300, so just relax and enjoy watching the bullish moments of bitcoin and we might fly from here.

Remember, we are still in July, so if bitcoin will be bullish for the rest of the year, well.. what can I say, a new ATH for sure.

[exstasie]

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario .

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

With a final dump result for sure. The question is how far this bubble will attend

The bubble hasn't even begun and you're talking about the crash afterwards?!

$250K-$350K is as good of a guess as any, especially since so many people are aiming so low. Most people around here are speculating on $25K, $50K, $70K, $100K. Extrapolating based on past bubbles yields much higher results.

I think people get too used to certain price ranges (like $10K) that they can't conceive of what exponential gains really look like. They also focus too much on things like market cap, which are relatively meaningless in a bubble. It's all about available supply on exchanges. Very little volume is exchanged at the top of a blow off top.

[goaldigger]

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario .

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

That’s a good piece of thoughts and its true that the market always move like this, bitcoin can either pump or dump at no specific reason. Maybe says because of gold is rising as well, and many says that the bull is here now but all of those are just speculation, it you become more greedy then you might miss this chance to sell your bitcoin or to buy more. The strategy that you have should work on this, if there’s an opportunity to earn profit do it with bitcoin and always monitor the trend.

[ethereumhunter]

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario .

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

That’s a good piece of thoughts and its true that the market always move like this, bitcoin can either pump or dump at no specific reason. Maybe says because of gold is rising as well, and many says that the bull is here now but all of those are just speculation, it you become more greedy then you might miss this chance to sell your bitcoin or to buy more. The strategy that you have should work on this, if there’s an opportunity to earn profit do it with bitcoin and always monitor the trend.

I like both scenarios, and I strongly agree with the number one because the price already reaches the highest price, but then the price is down to $10k. So that can be a normal pump and dump that will always happen in the cryptocurrency, and I think all people now enjoy the new stable price at $10k-$11k. The next target for bitcoin price will be at $12,500-$15k, but I don't know when that can be reached. We have a chance to buy low and sell high this time because the bitcoin price movements still happen.

[danherbias07]

Give it a few more weeks.
If it doesn't move down then it may not be just a temporary one. I am really hoping this is the new bottom.
There may also be a better reason to this than just always using whales as a basis of every pump of bitcoin and altcoins.

It could be that people are learning more about cryptocurrencies due to lockdown and they are now riding the boat.