The price of bitcoin may go bull soon

[KeezAZA]

it goes constantly bull but just really little by little

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[Ararbermas]

What is your say on this? As for me I think bitcoin price may likely still increase soon?

yes the potential of btc still there , actually you can see its percentage in the graph and the possibilities when it gonna make good pump again, "^{still promising} " not specific but still a sign of improvement soon or later. . Wherein even the current situation of it seems not yet done looking for new bottom, which in order to make a break out.
For me in my opinion for sure some investors now were steady buying reason bitcoin is now keep holding the resistance.

[blckhawk]

Well, Bitcoin is still sitting on the price of $60k after breaking the $57k-$59 resistance and it seems another resistance holding back Bitcoin once again before it makes a new ATH. We can see that the support wasn't strong enough for Bitcoin to push it further and we can tell on the 55$% dominance right now. But there are still a few positive news are coming out along with it institution is also now kept accumulating, so there's a possibility that Bitcoin will go further within this month.

[aoluain]

There is an indicator that shows according to Glassnode that the selling pressure of Bitcoin has decreased:

The red bars in the chart above reflect higher transactional volume from holders’ wallets than to those who let the cryptocurrency sit ideal in their wallets. On the other hand, a green bar shows that more people prefer to hold bitcoin instead of transferring them to other addresses.

“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.

“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.

Source: newsbtc.com/news/bitcoin/bitcoin-selling-pressure-is-declining-hints-key-glassnode-indicator/

In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.

That is a wonderful chart, I have always seen these type of charts as useless most of the time (regular charts of crypto, not this type of chart exactly) because they show the most useless methods but this chart is different than regular trading charts, it shows how much people trust bitcoin. The lesser people there are selling or looking to sell means there are more people who think it will go up, that is why I think it is quite important that we realize we are doing great right now.

I know we have gone up super high during a period where it looked like there was a selling pressure, so people may assume that selling pressure may not be important, but the reality is that if we increased a lot during a period of selling pressure that means we will be going up even more if there is none. This is why this chart is very important and should be taken seriously.

It is indeed a good chart with a clear indication of what was to happen in the
coming days and weeks. Checking in on this a week later when Bitcoin has reached
over $64,000 it has remained true.

April is shaping up to be once again a very bullish month, lets see how this week
closes and onwards to next week....and beyond

[GeorgeJohn]

Your right, nothing that can no be predicted, Bitcoin price can be predicted and at times the prediction entered accurately, because last bull market someone predict the exact price of Bitcoin which was the first step of the price in 2021, now it's not arguing matter that Bitcoin price will not rise again, definitely it will be times two of bull market that occur in previous months, everybody is aware that price of cryptocurrency never be stable and most especially Bitcoin never go down to the initial values of Bitcoin, so possibility for btc to keep on going up is there.

[rodskee]

Sorry but do i missed something from the title?

Bitcoin Will Go Bull Soon?

Does Not this whole 2021 1st quarter wasn't a Bullrunning market specially for Bitcoin?

And now Yeah Bitcoin again make History breaking ATH over and Over again.

64,000$ above , so is this the 75,000$ run ? or the 100k Prayer of everyone that supports Bitcoin?

[LUCKMCFLY]

There is an indicator that shows according to Glassnode that the selling pressure of Bitcoin has decreased:

The red bars in the chart above reflect higher transactional volume from holders’ wallets than to those who let the cryptocurrency sit ideal in their wallets. On the other hand, a green bar shows that more people prefer to hold bitcoin instead of transferring them to other addresses.

“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.

“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.

Source: newsbtc.com/news/bitcoin/bitcoin-selling-pressure-is-declining-hints-key-glassnode-indicator/

In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.

That is a wonderful chart, I have always seen these type of charts as useless most of the time (regular charts of crypto, not this type of chart exactly) because they show the most useless methods but this chart is different than regular trading charts, it shows how much people trust bitcoin. The lesser people there are selling or looking to sell means there are more people who think it will go up, that is why I think it is quite important that we realize we are doing great right now.

I know we have gone up super high during a period where it looked like there was a selling pressure, so people may assume that selling pressure may not be important, but the reality is that if we increased a lot during a period of selling pressure that means we will be going up even more if there is none. This is why this chart is very important and should be taken seriously.

It is indeed a good chart with a clear indication of what was to happen in the
coming days and weeks. Checking in on this a week later when Bitcoin has reached
over $64,000 it has remained true.

April is shaping up to be once again a very bullish month, lets see how this week
closes and onwards to next week....and beyond

This gives a very good impression, now with a suitable prediction model as reliable as PlanB's, it gives more security to investors, in fact I think this April will be very good for Bitcoin, some say it can reach $ 90k- $ 92k.

“Bitcoin is looking strong at RSI 92. Still not above RSI 95 like 2017, 2013 and 2011 bull markets,” PlanB summarized.

“I calculated BTC price needed for RSI 95 at April close: $92K. Let’s see what the Coinbase IPO will do today.”

Source: https://cointelegraph.com/news/bitcoin-can-hit-92k-in-april-and-still-not-match-bull-run-rsi-peaks-analyst

The position that Bitcoin takes globally is recognized, with new ATH has echoed the new news.

[lablab03]

Few weeks ago Bitcoin have reached all time high (approximately 61k us dollar). I think Bitcoin was already in bull. But we don't know what is the peak price and when will it happened.

bitcoin actually still running at the top, as you can see despite of what's happening in the market there are some changes. So this is definitely a sign that its not yet done on its journey after all. For me the only most scary part of this situation is when the correction go further coz for sure panic selling will be the ending. Like what always happened.

[peterpanda]

Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.

[ultrloa]

Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.

No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.

[carlfebz2]

Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.

No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.

Already anticipating for some bearish trend on next months to come, its a bit unusual for this run to be that long or shall we say that it isnt something similar back in the past.

For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.

We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.

[AmoreJaz]

Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.

No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.

Already anticipating for some bearish trend on next months to come, its a bit unusual for this run to be that long or shall we say that it isnt something similar back in the past.

For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.

We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.

we cant compare it from previous history as the market today is really different. top financial companies pouring their funds into this market and finally known companies like paypal and tesla integrating crypto in their system. and i believe, it is not yet stopping as more companies are trying to enter in crypto market, whether to buy their own BTC stash or include crypto in their payment system.
so am not seeing that we will go bearish soon. but are we happy about this progress? of course! we are now more than 60k level and only a matter of time before we reach the 70k mark

[Baofeng]

Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.

No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.

Already anticipating for some bearish trend on next months to come, its a bit unusual for this run to be that long or shall we say that it isnt something similar back in the past.

For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.

We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.

Well the momentum has put into hold for now as there are Bitcoin Crashes After Accident in Xinjiang, China Halts Mining Operation.

So no $65k-$70k this week, this explosion has affected the hash rate and obviously the price as there could be some investors who panic upon hearing this year. But we are still in the positive for this month, reaching new all time high. Just another unexpected hiccup because of the news but we are still holding up around the $60k support levels.

[Russlenat]

Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.

No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.

Already anticipating for some bearish trend on next months to come, its a bit unusual for this run to be that long or shall we say that it isnt something similar back in the past.

For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.

We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.

Well the momentum has put into hold for now as there are Bitcoin Crashes After Accident in Xinjiang, China Halts Mining Operation.

So no $65k-$70k this week, this explosion has affected the hash rate and obviously the price as there could be some investors who panic upon hearing this year. But we are still in the positive for this month, reaching new all time high.

China news again, this effect will only be temporary of course, maybe it's time for people to accumulate now as there's a minor crash, but this news is not huge enough to cause a dump or panic if investors will not only look at the price but on the reason of the dump as well.

Just another unexpected hiccup because of the news but we are still holding up around the $60k support levels.

This si the good news, we have $60k suppport and bitcoin is still at $62k now with only 2.38% drop per CMC.

[kpierce77]

Already anticipating for some bearish trend on next months to come, its a bit unusual for this run to be that long or shall we say that it isnt something similar back in the past.

For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.

We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.

Not sure if btc will be bearish next month. we can see from several events in the last few days, bitcoin shows a very strong trend, coupled with the coinbase listing on the Nasdaq makes bitcoin positions safer. if it is bearish, maybe it will only cause minor changes and the price will recover quickly, given that demand is still high.

I think it will be more relevant if the speculation goes up to the $70k price level by the end of the month. if anything else happens related to bitcoin, for example a large institution or large corporation that starts accepting bitcoin, maybe $70k will be reached sooner

[rhodelmabanal]

This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.

https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.

If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain

What is your say on this? As for me I think bitcoin price may likely still increase soon?

Based on my observation I agree that bitcoin will continue to rise soon. Because I see that the price is always rising, maybe 100k$ is posible at the last few months of the year 2021 this is my speculation base on my own sights or view with regards to the price and market situation and movement.

[ultrloa]

This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.

https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.

If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain

What is your say on this? As for me I think bitcoin price may likely still increase soon?

Based on my observation I agree that bitcoin will continue to rise soon. Because I see that the price is always rising, maybe 100k$ is posible at the last few months of the year 2021 this is my speculation base on my own sights or view with regards to the price and market situation and movement.

If we check on TA still it has a high chance to rise at $100k maybe we need to have a good hype coming from influencial people to help up bitcoin to rise back again, We are still at $55k  based at the current price so people doesn't need to get panic and let this current pull up as great indicator that the bull is not yet done since for the past day many lost their money since they think the bear season is coming.

[AliMan]

This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.

https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.

If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain

What is your say on this? As for me I think bitcoin price may likely still increase soon?

If I have to think positively, bitcoin price could possibly reach another ATH when there's no circumstances that's going to exist this coming months. Though we experienced slight downturn, but this is a good signs that correction tried to build a strong momentum upon reaching another profitable value.
Day traders and dedicated holders remain stronger as time keeps ticking, so it's all worth it to keep our stand towards future profit gains.

[KeezAZA]

OP, you should edit your title. I guess you meant to write, "The reason..." right? Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.

you seems smart enough so did  you manage  to make money out of this dip

[ILuckyGuyI]

I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.