Are we back to the bull market?

[chaser15]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

Questions like that can't be answered accurately even how good and professional those analysts are.

Their speculation was based on the recent price movement they are seeing. Therefore, their prediction is always a prediction and up to you if you will follow it or not.

And just to remind everyone that we are already in the bull market when the price starts driving upwards to $10,000. It's just it was stopped there, as usual, as building resistance is always tough especially if there's no special thing that can trigger the pump.

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[KnightElite]

We are now in bull market wherein the buyers are in control, how do I say that the market is currently uptrend? It is because the price structure of the bitcoin is currently creating higher lows and higher highs that define the meaning of the trending market. I really thought that the bitcoin will breakdown in the recent long consolidation but I was wrong because the demand got higher where in there is a massive volume that leads to successful breakout last week. If the price holds in above $13,000, expect that the price of the bitcoin can become more expensive.

[LogitechMouse]

Long term is I'm already bullish on the market.
Now the short term is kinda sus .

Most of the time, when Bitcoin is going up Ethereum is going up too proportional to its increase. It isn't the case right now, Bitcoin went up by almost $2000 already but Ethereum just went up around $20 only or probably higher. If most of the people are saying that some positive things regarding the market, the opposite of it might happen. You might be bullish now because of what is happening but not for me. I'm still waiting for a correction but possible that we are experiencing a higher lows already.

[ultrloa]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

Questions like that can't be answered accurately even how good and professional those analysts are.

Their speculation was based on the recent price movement they are seeing. Therefore, their prediction is always a prediction and up to you if you will follow it or not.

And just to remind everyone that we are already in the bull market when the price starts driving upwards to $10,000. It's just it was stopped there, as usual, as building resistance is always tough especially if there's no special thing that can trigger the pump.

Although it cannot be answered accurately since no one can predict on how the market move but still we can somehow see some guides on what will be the possible outcome in future and since there are something good events that triggered for a huge pump then we can say that we might gonna experience the bull market season.

[7788bitcoin]

Too early to tell but as of now, Bitcoin is hovering around $13k. It reached up to $13k possibly because of PayPal accepting to purchase Bitcoin and other cryptocurrencies. Bitcoin is gradually increasing and I hope this will continue if that happens then we can now perhaps tell that we are in the Bullish trend.

I am confused with your statement, the bitcoin bull is driving the valuation for a very long time and if you look back this year the price was hovering around $5K to $6K and now it has gained momentum and touched over $13K which means it has doubled its valuation and still you do not think that it is a bullish trend  . Any blind person can make money in a market like this, so make use of the opportunity when you can .

[BChydro]

~
Yes you're right. We may see some good correction from here. Many experts said btc may move after touching lower low to higher high.

We might see a correction before the big rally and i can only tell by the way in which the market reacted the last two times after halving, months of struggles breaking the resistance and then having corrections many times and then the market just skyrockets as if there is no resistance at all. This was the experience in the past but i am not expecting similar moves but still a rally is around the corner.

 

[lixer]

Btc just reached $13k after the news that paypal will accept buying and selling cryptocurrency on thier platform and i think the bullrun will start on december till next year.

What kind of bullrun are you referring to that'll occur and start on December?
Bullrun has already began, the global cryptocurrency market just had more than 16% increase from the last 24 hrs and Btc seems continuing its upward movement, while 50% of the alts are in good figure.
I'm not sure, but some people thinks that "bull market" can be identified if it breaks new ATH.

Actually the usual trend says that Bitcoins start moving upwards during December so maybe that was what he was saying. I agree that we are already into the Bull run and the price should move only upwards till the end of the year and even a few months into the next year. How much the price is going to rise still remains mystery for all of us but I am certainly confident that the shift will be only upwards.

I do not understand why there is so much talk and bashing around the ATH because that ATH was nothing as compared to what we might see in the coming years and more because the pandemic is now getting slowed down which means there will be even more investors now into BTC.

[Saisher]

Im not over confident to the bitcoin or to the bull market but I know it happen already right now maybe for others it will not happen because they did not see the ATH but there is no need to wait because of what we see is a proof

Bull run is out of the question but the time that it will come, we all know that all time high will happen it's just the time that we need to reach it, something must happen like the adoption of PayPal to the top 4 Cryptocurrency in their platform, I figure that it's enough to break the current all time high, we'll see if it's going to happen when they finally implement it.

[dobol]

If you do not believe to the bull market will not happens is your choice , I think now we are in the bullish and only 8k dollars and we will reach again the 20k dollars per 1 bitcoin.

Im not over confident to the bitcoin or to the bull market but I know it happen already right now maybe for others it will not happen because they did not see the ATH but there is no need to wait because of what we see is a proof

Bitcoin definitely gaining momentum right now, after paypal, there's huge step for the bull market. Some experts also already predict that 2021 will be lot more same but slightly different like 2017

[gantez]

If you do not believe to the bull market will not happens is your choice , I think now we are in the bullish and only 8k dollars and we will reach again the 20k dollars per 1 bitcoin.

Im not over confident to the bitcoin or to the bull market but I know it happen already right now maybe for others it will not happen because they did not see the ATH but there is no need to wait because of what we see is a proof

Bitcoin definitely gaining momentum right now, after paypal, there's huge step for the bull market. Some experts also already predict that 2021 will be lot more same but slightly different like 2017

The 2021 prediction for another great bull for bitcoin could be possible because this 2020 that got huge financial attack by covid-19 was bringing the price of bitcoin anywhere down. The price has increased the past a month from September and this October has also been positive, maybe we can see the price to keep raising from what we have the price at now.

[bobyhodob]

If you do not believe to the bull market will not happens is your choice , I think now we are in the bullish and only 8k dollars and we will reach again the 20k dollars per 1 bitcoin.

Im not over confident to the bitcoin or to the bull market but I know it happen already right now maybe for others it will not happen because they did not see the ATH but there is no need to wait because of what we see is a proof

Bitcoin definitely gaining momentum right now, after paypal, there's huge step for the bull market. Some experts also already predict that 2021 will be lot more same but slightly different like 2017

well I really agree with you because currently paypal is a very large transaction place and is used by many people from all over the world, so when everyone can easily buy bitcoin using paypal it will make bitcoin prices even higher because the supply will run out and it will be more difficult to get bitcoin.

[tbterryboy]

~
Yes you're right. We may see some good correction from here. Many experts said btc may move after touching lower low to higher high.

We might see a correction before the big rally and i can only tell by the way in which the market reacted the last two times after halving, months of struggles breaking the resistance and then having corrections many times and then the market just skyrockets as if there is no resistance at all. This was the experience in the past but i am not expecting similar moves but still a rally is around the corner.

Just hoping that the correction is not too big because at times there is a big drop followed by a correction and that scares me. But then there are so many positive news like Paypal has opened their door for crypto which no matter what one says is a lifetime achievement for bitcoins because one big problem we all faced was to how to buy bitcoins with PP as one can easily dispute transactions which meant it was hard to find a way to buy bitcoins using PP but now that they themselves have allowed this, it's massive!

I just wish and pray that the correction is small and is again taken over by the bull run sooner and right now the movement of bitcoins is giving me positive goosebumps because it is only going up .

[lifeOK]

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Yes you're right. We may see some good correction from here. Many experts said btc may move after touching lower low to higher high.

We might see a correction before the big rally and i can only tell by the way in which the market reacted the last two times after halving, months of struggles breaking the resistance and then having corrections many times and then the market just skyrockets as if there is no resistance at all. This was the experience in the past but i am not expecting similar moves but still a rally is around the corner.

Just hoping that the correction is not too big because at times there is a big drop followed by a correction and that scares me. But then there are so many positive news like Paypal has opened their door for crypto which no matter what one says is a lifetime achievement for bitcoins because one big problem we all faced was to how to buy bitcoins with PP as one can easily dispute transactions which meant it was hard to find a way to buy bitcoins using PP but now that they themselves have allowed this, it's massive!

I just wish and pray that the correction is small and is again taken over by the bull run sooner and right now the movement of bitcoins is giving me positive goosebumps because it is only going up .

I’ve seen the expression of market just after when Paypal has opened their door for crypto. Do you have confidence to say it's just correction or this is just hype before the election. I couldn't underestimate some of positive news and impact over the market however I have question as It's more terrible when the cost is going down.

[Stavri]

Not at all.
If this is a bull market. I want to go back to bear. Bear was better. At least there were some higher low points to sell a bit. And it was quite easier for margin traders.

[AbuBhakar]

Not at all.
If this is a bull market. I want to go back to bear. Bear was better. At least there were some higher low points to sell a bit. And it was quite easier for margin traders.

Transaction fees were too high also, though it's really abuse that the fees will also increase due to this price increase but unlike in the usual bill run that happens before other altcoins were able to increase in their price at the same time that the BTC is increasing. It may not still the bull we were waiting for so we must be still be updated and maker a target amount to sell since once price falls it may take time again to increase after these rise.

[slaman29]

Transaction fees were too high also, though it's really abuse that the fees will also increase due to this price increase but unlike in the usual bill run that happens before other altcoins were able to increase in their price at the same time that the BTC is increasing. It may not still the bull we were waiting for so we must be still be updated and maker a target amount to sell since once price falls it may take time again to increase after these rise.

It has nothing to do with fee abuse. Miners have just dropped off the planet for a little while, but at next difficulty adjustment things will level off again and fees will drop. Then old calls for Segwit and Layer 2 off-chains will grow and see more adoption as a result. This is how things happen in a more natural way, nothing to worry about for BTC:)

[fourpiece]

Maybe bitcoin is still on the correction stage and just preparing for the bull run that will happen, but no one knows when will the bull run start. My second opinion is bitcoin already started its bull run from 4,000$  making its way to $13k, with that gain i will say btcoin is on a bullrun.

[iv4n]

Maybe bitcoin is still on the correction stage and just preparing for the bull run that will happen, but no one knows when will the bull run start. My second opinion is bitcoin already started its bull run from 4,000$  making its way to $13k, with that gain i will say btcoin is on a bullrun.

We can look things in that way, I agree with that, we are in some kind of bull run that lasts for months, and to be honest, from $4k to $13k is a nice rise! But this is not over, I think that next year will be even more interesting than this one! This year we had halving, as before real effects on the price comes a year after the halving, which is the next year. We will see with what price we will open the next year, but as long as we are over $10k that will be a good start for whatever is coming next year!

[Kong Hey Pakboy]

Maybe bitcoin is still on the correction stage and just preparing for the bull run that will happen, but no one knows when will the bull run start. My second opinion is bitcoin already started its bull run from 4,000$  making its way to $13k, with that gain i will say btcoin is on a bullrun.

Bitcoin's price experienced made a lot of ups and downs this year, but bitcoin still manage to increase it's price from $4K to $13K this year that it almost hit the $14K range. So I guess we are really experiencing the bull run in the bitcoin market that bitcoin could definitely hit the range of $15K by the end of this year of 2020.

[Yamifoud]

Maybe bitcoin is still on the correction stage and just preparing for the bull run that will happen, but no one knows when will the bull run start. My second opinion is bitcoin already started its bull run from 4,000$  making its way to $13k, with that gain i will say btcoin is on a bullrun.

It has been a good ride considering the fall till 3k and then it started to rose and never looked back as such. Though there were quite a few huddles in between and took months before it can cross those prices and can sustain above it. But finally, we are seeing the bounce back of bitcoin is very much and now almost close to 14k range and giving more hopes that we could see even 15k as well soon.

Currently at $13,500, not really far to $14k but can't think that it was just a few days to make it reach. We saw that the market resistance is still strong but couldn't make that surge right away if the market behaving like this. I'm also an optimistic person but I don't want to expect that we got $15k this year. It seems possible but we are likely in a short time and not enough for the market to recover.

The heavy network traffic at mempool is quite moving down, I'm a little bit worried and suspected dumps will come n the few days coming.