Are we back to the bull market?

[Ayiranorea]

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?

i think btc growing up from now. i am not expert but anything can happen in next one month. american election coming & thats why price will be effected. it will be dumped. so many confusion are ahead,but i wants to back 2017 bull run.

In my opinion if the election brings nothing for the price of bitcoin and the pump is still happening right now caused by the paypal's effect. There are so many speculators have already started to accumulate bitcoin as their long term investment.
It's quite difficult to be dumped again without any reason.
you will be going back to the 2017's pump again in the future but it will much better as the growth will be sustainable compared with pnd that happened in the crypto last years.

For me the US Election could have a impact on the market, whether positive or negative, but will be just short term though, not that it will affect the price when we enter 2021. Maybe we can see an imminent bull run regardless of the elections for all we know. And the thing is that if FOMO is in, it is very hard to stop.

The US election is being much into focus from all levels of people around the globe. Post election effect on bitcoin happens for sure, but that will have a short term impact as we've got only a month left to end the year. This year there are more chance of FOMO, because the community have experienced a steep increase of new cryptocurrency users. Further the speculation and good news associated with the market only need to move the price forward.

[btc78]

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?

Just like what this Thread tackles

https://bitcointalk.org/index.php?topic=5283809.msg55436834#msg55436834

Bitcoin and Ethereum is making their way Up so we can assume that Bull is coming,and also it seems that History is repeating itself as we are in this
same movement in the year of 2017.

with all this positive that is going on in market,I believe that we must be obedient now because changes may happen from time to time as the
 Correction will surely comes before the final Hit of bull comes.

[Distinctin]

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?

Just like what this Thread tackles

https://bitcointalk.org/index.php?topic=5283809.msg55436834#msg55436834

Bitcoin and Ethereum is making their way Up so we can assume that Bull is coming,and also it seems that History is repeating itself as we are in this
same movement in the year of 2017.

with all this positive that is going on in market,I believe that we must be obedient now because changes may happen from time to time as the
 Correction will surely comes before the final Hit of bull comes.

As we feel it though. But I don't want to think for the 2017 event to happen this time, a very slim chance. I even thinking about $15k is hard to reach how much more for $20k? Yes, I was bullish then and still positive towards the market but I don't want to push myself believing in a thing that seems to hopeless during this pandemic. We probably know the situation we have, many establishments are still keeping a distance on Bitcoin which is one reason why we got this low market recovery.

[thecodebear]

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?

Just like what this Thread tackles

https://bitcointalk.org/index.php?topic=5283809.msg55436834#msg55436834

Bitcoin and Ethereum is making their way Up so we can assume that Bull is coming,and also it seems that History is repeating itself as we are in this
same movement in the year of 2017.

with all this positive that is going on in market,I believe that we must be obedient now because changes may happen from time to time as the
 Correction will surely comes before the final Hit of bull comes.

As we feel it though. But I don't want to think for the 2017 event to happen this time, a very slim chance. I even thinking about $15k is hard to reach how much more for $20k? Yes, I was bullish then and still positive towards the market but I don't want to push myself believing in a thing that seems to hopeless during this pandemic. We probably know the situation we have, many establishments are still keeping a distance on Bitcoin which is one reason why we got this low market recovery.

I mean of course $15k and $20k will happen, those are very low numbers. They were high for the last market cycle, they will just be part of the buildup phase this market cycle, before the main bull run even starts.

I wouldn't expect $20k this Fall, but next year seems almost assured even if all of next year is still just the buildup phase before a parabolic run in 2022. $15k ain't even far away at this point. It's like one good week away. I expect in about a half year $15k will just seem like a "normal" price for Bitcoin the way $8k-$10k has seemed normal this entire year.

Yes we are in a long term bull market, we've been in a bull market for a year and a half now. Just don't expect things to go crazy just yet, still got plenty of time for the market to continue to build before we see the next 2011/2013/2017 type parabolic run, but you shouldn't have any doubt it is coming and I would expect it in 2022, maybe even starting in 2021, as the parabolic runs take longer to play out as the market gets bigger and moves slower - in 2013 there were two and they each lasted like a month or two, 2017 the whole thing lasted about 7.5 months, this time around when BTC blasts away from the $20k region it could take a year before it tops out again.

[Smitty Werben Man Jensen]

Bitcoin is above $ 13000, of course this makes our opinions and views in the bull market, but for altcoins I don't think so,
because the dominance of BTC is still at 60%, when compared to 2017 -2018 the dominance of altcoins is below 40%,
altcoin season is still progressing, just hold on if you want to get more ROI from ALT.

[shoreno]

Hopefully yes. Probably BTC can cross $14k in this week. BTC pumping means market pumping. Market pumping means good profit.  

no . btc pumps but market isnt . have you done a price check these days ?  but who cares , as long as btc is pumping  all are gonna be fine and theres a profit on this .

update to btc status , so far so good . there are have been tiny decrease but few moments later it recovers and  we are still in the new range . it seems that the analyst were right on thier prediction this time . just few more thousand dollars and we are back on the 2017 ath  , i hope we break a new record this year

[Oceat]

Bitcoin is above $ 13000, of course this makes our opinions and views in the bull market, but for altcoins I don't think so,
because the dominance of BTC is still at 60%, when compared to 2017 -2018 the dominance of altcoins is below 40%,
altcoin season is still progressing, just hold on if you want to get more ROI from ALT.

The price correction did set the price back as expected although I also think that this is a part of bull trap but it didn't happen yet. So I think this is the start of bullish market but I also want to take the chance to wait and see if my expectation about bull trap is true or not. Either way we are still in a bullish trend and the breaking of $13k resistance just happened recently but it dropped back to $12800 today.

[STT]

The Paypal news was a surge on volume but a bull market is a regular trend formed over a month with series established of higher lows and higher highs not just once or twice.   I'd describe price action now as drifting upwards which BTC has done before, it can still sell from here is my presumption though theres not much clue for that at present.
   Closest deal to what you describe is the trendl ine for July onwards declining and now exceeded, so a break of negative trend is inversely positive.   This needs to confirm probably both in time and price action forming above previous highs, 11500 was one ceiling for some time.

[Oasisman]

Bitcoin is above $ 13000, of course this makes our opinions and views in the bull market, but for altcoins I don't think so,
because the dominance of BTC is still at 60%, when compared to 2017 -2018 the dominance of altcoins is below 40%,
altcoin season is still progressing, just hold on if you want to get more ROI from ALT.

The price correction did set the price back as expected although I also think that this is a part of bull trap but it didn't happen yet. So I think this is the start of bullish market but I also want to take the chance to wait and see if my expectation about bull trap is true or not. Either way we are still in a bullish trend and the breaking of $13k resistance just happened recently but it dropped back to $12800 today.

As always price pullback is expected everytime Btc makes a run. If the Paypal news effect on Btc subsides, price might hover around $12,000. I haven't seen any bulltrap yet since the $8,000 mark. Btc has always been gradually ascending, it stabilizing at some point and then gain more than a thousand dollars after a month or two, then short pull backs happen, and will stabilize on it's new range.
So, chances for bull trap might be slim to none in this current market condition.

[Twinkledoe]

Bitcoin is above $ 13000, of course this makes our opinions and views in the bull market, but for altcoins I don't think so,
because the dominance of BTC is still at 60%, when compared to 2017 -2018 the dominance of altcoins is below 40%,
altcoin season is still progressing, just hold on if you want to get more ROI from ALT.

Slowly you will see even altcoins also will continue to rise as general tendency they follow bitcoin. Since bitcoin is having a good run and crossing 13k is like high for this year so we will see other coins also will follow this leader in coming days. Lets wait and continue to hold and buy as well on every dip as clearly bitcoin will rise way beyond the current price.

But only alts with good foundation. Those which are created for the sole benefit of the devs, will have hard time coping up with the market. Because once their pumpndump period is already over, rising up is not on the horizon anymore. Unless, the team has serious plans on their development and will not abandon the project. You will see which alts are really worth watching for.

[Ridwan Fauzi]

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?

Fundamentally yes, I believe if the stimulus from US government can lead bitcoin to pass $15.000, it has happened in the previous stimulus bitcoin price always up drastically like gold. Moreover, we have another information which can push bitcoin higher than now, paypal has annouched that you can use crypto currency for payment system and etc when you use the service.

But technically, I have a little doubt that bitcoin can pass $14.000 because if you look at the weekly time frame and you make a trend line then you will fine a rising wedge pattern. Until now, the price can't break the trend line even a few hours ago bitcoin price was fall again and seem like the daily chart will be closed in red. Alwasy be careful when you trade or even you choosw long term investment, you may need to see the chart daily and make another analyst to see several possibilities that will happen.

[batang_bitcoin]

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?

Personally, we can conclude that it's already a bull market. I've took a quick look to the charts from the start up to the year up to now. And this what exactly I've seen.

Judging on the pattern, we do really are.

[btc_angela]

We're already in the bull run once we recovered from the pandemic crash of $3,000, and not it just manifested even more when the price goes to $13K in the last 3 days and I think more will come up to the end of the year, maybe in the range of $14K-$16K is not that far fetch.

And there is the coming election and then the stimulus package that I believed will go to bitcoin more than any other markets like stock. Companies are also into bitcoin, reserving 10% or even more of their assets to it. So there's a lot of positive news, and we all know that during a bull run, a news will really push the price.

[Findingnemo]

Maybe or maybe not, I am just kind of confused state at the moment because paypal news is helping the prices to increase but paypal only allows to hold cryptos in their wallet so people may not be using that platform for buying and holding purpose which can initiate the real bull trend on bitcoin.

[thuyvy2207]

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?

We are back in a bull market, the price is very fast rising to $13,000. We see not only bitcoin but also a lot of altcoins are also going up in price, so it isn't a fake out.

[3meek]

After reading this topic you can see that absolutely everyone only says that we have entered the phase of the bull market!
But I want to note that Bitcoin has been growing since March, after the fall! And now we are in the area of one of the key resistance!

The market always follows against the crowd!

[Desscount]

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?

We are back in a bull market, the price is very fast rising to $13,000. We see not only bitcoin but also a lot of altcoins are also going up in price, so it isn't a fake out.

Altcoins are the opposite, Bitcoin went up to $ 13000 and altcoins were affected, look at many altcoins that fell,
but it does look recovery, because of the increase in BTC, this is because many people dominate Bitcoin,
look at coinmarketcap you will know the answer, bull market is coming, keep HODL!

[sarmrakib]

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?

Exactly we are on bull market now at the moment .The whole market is going through on bullish except few useless coin .I think market will carry this momentum at the end of the year if there is no tragic moment happen .However i thinks its a real back of the market and i am so happy with that .

[gabbie2010]

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?

Exactly we are on bull market now at the moment .The whole market is going through on bullish except few useless coin .I think market will carry this momentum at the end of the year if there is no tragic moment happen .However i thinks its a real back of the market and i am so happy with that .

I believed the price will settle well above $12K for now which might probably continue above that price till the end of the year the market has been bullish for a long time it will be very difficult for any trader to short now, just wait for any dip or low and buy i.e price dipped to $12K7 after reaching $13K yesterday thus opportunity for buyers to enter the market.

[romero121]

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?

Exactly we are on bull market now at the moment .The whole market is going through on bullish except few useless coin .I think market will carry this momentum at the end of the year if there is no tragic moment happen .However i thinks its a real back of the market and i am so happy with that .

Many such coin which are not worthy will not patriciate int eh bull run, but overall bitcoin continues to rise and now it has even surpass 13k level as well. This is what every investor who was holding bitcoin was expecting for some rise to happen and not surpassing 12k for quite a long. But finally seeing above 13k seems to be a good time and bulls are back in the market.

Crossing $13k can't be judged to be bull trend. Following bitcoin is the market movement of other altcoins. For some time period there is more chance of price to move as now. During the previous bull trend price pumping happened with large level jump. This time it has been moving with good stability, and so price will continue to grow rather than falling.