The price of bitcoin may go bull soon

[LUCKMCFLY]

Of course, Bitcoin will be bullish, it is recovering little by little, in fact even in the Olympic games Bitcoin was present through the delegation of "El Salvador", which, BTC became Olympic!

For Italy they used pizza, for Norway salmon, for Haiti upheaval and for Ukraine they used Chernobyl.

The Olympic team from El Salvador was instead represented by bitcoin after the country declared the currency legal tender.

Source: https://www.trustnodes.com/2021/07/24/bitcoin-represents-el-salvador-at-the-olympics

The fact that BTC has had this vision on a global level in a certain way has helped the market recovery, it is likely that many when they saw BTC have wondered what it is? as I do to obtain it, everything that is in pro-Bitcoin is a reason to help the growth of the currency.

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[romero121]

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?

From the start of year 2021 until this present day I still believe that the bitcoin will reach 100k$, I believe that there is still enough time to rise and reach 100k$ many expert says that bitcoin will rise up to 100k$ before the year end but people doubt on it because of the massive drop of the bitcoin price up to 29k$ but now I think people change their mind again and believe on the expert speculation.

Experts speculation about the market is really an acceptable fact, but the timeline mentioned by the experts make the people have a mind disturbance on the market changes. The market used to reach the peak and drop low for a long. This is how the cycle had continued till date. Based on this I believe there is more chance of bear market for certain time period before the next bull market for $100k.

[Ozero]

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.

We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further?

[onecall123]

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.

We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further?

Everyone is so excited about this pump! I see all cryptos heading towards the bull market or a bull trap! We'll see if there is a change soon, we may easily see a red market as we did with green! About $38.3k is a very important resistance level for bitcoin, which helped take a good position. They all pumped at the same time. I find this to be very interesting. I'm cool with that!

[KeezAZA]

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.

We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further?

Everyone is so excited about this pump! I see all cryptos heading towards the bull market or a bull trap! We'll see if there is a change soon, we may easily see a red market as we did with green! About $38.3k is a very important resistance level for bitcoin, which helped take a good position. They all pumped at the same time. I find this to be very interesting. I'm cool with that!

same thought it was in a way to fast, Have not opened my wallets for sometimes so it looks like normal  trend for me

[zanezane]

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.

I have the same feeling too, it feels like this is a trap or a reversal of some kind so I don't think that it's good to do a big move in the market since people are hyping the market and we know that with the hype, it's possible that we will end up with a rug pull at the end.

[$crypto$]

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.

I have the same feeling too, it feels like this is a trap or a reversal of some kind so I don't think that it's good to do a big move in the market since people are hyping the market and we know that with the hype, it's possible that we will end up with a rug pull at the end.

For now it's still not stable enough at the time of the pumping and only lasted a few days into another dip but I think it's still pretty good even if we don't see a real bullrun, but it will definitely happen again, trust me!
A reversal to the beginning will definitely look like someone who is controlling the market but I don't know what really happened, I think we can only follow the direction of the market and the rest we can judge which opportunities are good if the bullrun hasn't come yet.

[proudhon]

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

[roosbit]

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.

I have the same feeling too, it feels like this is a trap or a reversal of some kind so I don't think that it's good to do a big move in the market since people are hyping the market and we know that with the hype, it's possible that we will end up with a rug pull at the end.

we have had a bearish market for a very long time and price going further down as you rightly put it being a bull trap or reversal preparation is not what is being projected on the markets as we are bullish!!

I don't know what has caused the jump in price but are about to test the psychological barrier of $40k sooner or later, should price not have any resistance $45000 would be our price target for August.

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than this

[tygeade]

I understand the happiness that this brings, we haven't seen the price this high in a while, and I can tell you I really do enjoy it a lot specially considering this month has been terrible for me financially, I normally do not sell my investments but may take out like 200-300 bucks out this upcoming month unfortunately, house had some troubles so I will be paying for that, which will be give or take 900 bucks, but I can pay it in monthly installments so 300 bucks each for 3 months, I hope that I will not need it for too long, august and September will be very hard months, but after that I will be doing mightily fine.

With this increase I may end up selling some because I know there is a chance it may go down, and that will cause me to lose more bitcoins for the same 300 bucks so I may end up selling some now, but I was also hoping to not touch them at all until I retire, so I am just postponing it to make sure I can just survive.

[proudhon]

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than this

Right now. But the future for bitcoin is only lower prices.

[Marvelman]

If we cross the 40k mark, and we keep the level for a while, I'll begin to believe again that ATH is within reach by the end of this year. 

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than this

That's proudhon. He's a time traveler. But the problem is that his time machine broke, so right now his mind got stuck in the past.

[BurningChrome]

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

LOL! I can assure you that won't happen.
(Yup, my crystal ball confirms this)

[Saisher]

If we cross the 40k mark, and we keep the level for a while, I'll begin to believe again that ATH is within reach by the end of this year. 

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than this

That's proudhon. He's a time traveler. But the problem is that his time machine broke, so right now his mind got stuck in the past.

I believe he is I don't know what chart he is looking at and on what year, the price is on the $40k and moving well we can consider this as the continuation of the bull trend, but he still looking at the lower price and still mentioning trending towards zero when it's actually the other way around.

[rahmatrf331]

Actually, Bitcoin already in bull season, If you invest last year, or a couple of months ago you already rich. Bitcoin bull season already started in January and we will keep in bull season until the end of the year, if the scenario same, but if we meet the different scenario maybe we will see another result of Bitcoin and i believe the result will be positive

Of course everyone will regret not buying bitcoin when the price is cheap, but seeing the market trend that bitcoin has gone up by more than 29% in a week then I'm optimistic that a bull run will happen soon and maybe we will see bitcoin prices reach $50k in August

many people say the same thing, bitcoin will continue to rise maybe will reach $50,000 more this week.
but some people are still indifferent to the current chart's bubbling growth, fearing it will fall again after they buy. without realizing they had missed the flight.
I also assume the same as some people say bitcoin will continue to rise, in fact I predict that bitcoin will reach faster above $ 50,000.

[Koro-Sensei]

Actually, Bitcoin already in bull season, If you invest last year, or a couple of months ago you already rich. Bitcoin bull season already started in January and we will keep in bull season until the end of the year, if the scenario same, but if we meet the different scenario maybe we will see another result of Bitcoin and i believe the result will be positive

Of course everyone will regret not buying bitcoin when the price is cheap, but seeing the market trend that bitcoin has gone up by more than 29% in a week then I'm optimistic that a bull run will happen soon and maybe we will see bitcoin prices reach $50k in August

It needs a massive pump and hype for BTC to go 50K area again. It would probably be achievable specially that more institutions are hoarding BTC right now like Twitter CEO Jack dorsey and not to mention SpaceX. Another thing is Tesla would probably be accepting BTC again. Furthermore, holders of BTC right now are more resilient and not too dumb to accept fuds unlike these recent bearish.

Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.

This guy is probably high. The trust built within Bitcoin isn't easily be erased and a 0$ price is impossible.

[BITCOIN4X]

This guy is probably high. The trust built within Bitcoin isn't easily be erased and a 0$ price is impossible.

Currency failure have happened before and however if government around the world unite to fight bitcoin and label anyone still trading it as illegal and can be sued then rest assured the price will drop to $0. We never really know what the future of bitcoin will be and I want to enjoy it without doubt. So far countries in various part of the world are considering issuing their own cryptocurrency which is centralized under the auspice of bank. Bitcoin give us freedom because it is decentralized, but the government is constantly trying to make everything centralized including its own cryptocurrency.

[Miaallen]

Many people believe the bull run isn't expected to end at the time it did. And they believe there are some certain prices that Bitcoin should break before it becomes bearish again that it has not broken.
And another thing is that inasmuch their is no attack on cryptocurrency from the top World countries, the Bitcoin being bullish again is close to happening.

[Koro-Sensei]

This guy is probably high. The trust built within Bitcoin isn't easily be erased and a 0$ price is impossible.

Currency failure have happened before and however if government around the world unite to fight bitcoin and label anyone still trading it as illegal and can be sued then rest assured the price will drop to $0. We never really know what the future of bitcoin will be and I want to enjoy it without doubt. So far countries in various part of the world are considering issuing their own cryptocurrency which is centralized under the auspice of bank. Bitcoin give us freedom because it is decentralized, but the government is constantly trying to make everything centralized including its own cryptocurrency.

It would take a global ban for BTC which is most probably not gonna happen. World leaders are divided in terms of adoption but institutions and companies are stepping up by choosing BTC. We can't stop these anti-decentralisation government to have their own cryptocurrency for they want full control over their assets. Furthermore, Bitcoins decentralisation is what makes investors trust it. No other than you can only control your money and free from money printing spree.

[Obito]

Hopefully, the big pumps in the prices are going to be happening by the end of the year or if not by new year so I can fully gain all the profits that I deserve by hodling my bitcoin for about a year now. I think that we still have to be really careful about this one though because it might be a big rug pull and we might end up losing our hard earned investments.