Is Bitcoin bull market back

[milani]

Bitcoin now reached $40370, but I would not say exactly that the bull market returned. Of course it would be great to see Bitcoin rising more, but I am not sure it will reach again $64k too soon. In case some people have bought on the decreasing market on the price nearly $30k, it would better to fix now 50% in order to get at least some profit.

[ReiMomo]

Seems to be back. I just noticed BTC has grown from $31k to $38k which is a appreciable growth after few weeks. Hope the trend would slowly take off toward $45 by this month end or by first week of August. Hope other altcoins do follow its trend. Many here are waiting for their turn to get back some profits. I have my $2k into a coin and I am one among who is waiting for its uptrend.

[jossiel]

I am expecting for hit to be stable again to $40k. But if it won't break that price as there's a sudden positive movement again, it's likely to stay where it is right now.

But with its pricing, that's a better price that we've got and it's looking good as with those sentiments are becoming positive again. Well, many will hate it but there's again the person that's being involved with this rise.

Stable at $40k is ideal for Bitcoin in its current state. It will be very valuable when the Bitcoin price is below $35K but at that time it becomes a price release event for some short-term holders. It's a shame, they don't pay much attention to the factors that are getting more and more aggressive. One of them that is still strong and continues to exist is the adoption of various important elements. Did Amazon really keep its word at the end of the year? I'm really looking forward to that.

It's about to get into $40k just now.

As I post this, $300 more and it's already on $40k. The news about Amazon seems to be one of the reasons why we're seeing this price increase and it's very nice to see it again go in $40k.

Well, most of us missed that price.

[nicecrypto]

The bull market has never left us since May. It can not come back if it has always been there since April 2020.

April 2021 you mean to say, edit your reply with the correct year which is April 2021, the bull market have always been around from April till late may 2021 before the correction period and now we are in a bull market again. bitcoin market have shown a great sign of positivism since the beginning of 2021 and am sure this trend will continue beyond 2022 all i can say is hold the party is about to start.

I believe that the market has been in an upward trend (Bull Market) since back in October 2020 and not in April as you said. We should always try to see the market from a much bigger picture for you to appreciate where we are.

The correction actually started in April and I still don't believe that we were in a bear market with this correction, again if you look at where the market is in relation to where it was in the ATH of 2017. So after this correction, hopefully, we could see a continuous rise again above the past ATH and probably make a new one before EOY or into 2022.

[ChaoChibai]

It is such a really good news for everyone that bitcoin reach $38,000 yesterday. I really optimist that the price will go up by now. It will be possible that the movement of bitcoin price will touch its ATH $63,000 or even more than that. Also the price of altcoins such as ethereum has increased, I think bull run can happen.

[19Nov16]

It is such a really good news for everyone that bitcoin reach $38,000 yesterday. I really optimist that the price will go up by now. It will be possible that the movement of bitcoin price will touch its ATH $63,000 or even more than that. Also the price of altcoins such as ethereum has increased, I think bull run can happen.

I think so, a bull run is imminent, although the market is now down again to $36k, the thing that makes me optimistic because the daily transaction volume continues to increase, continuing to buy is the best option to get big profits.

[breathlessz]

It is such a really good news for everyone that bitcoin reach $38,000 yesterday. I really optimist that the price will go up by now. It will be possible that the movement of bitcoin price will touch its ATH $63,000 or even more than that. Also the price of altcoins such as ethereum has increased, I think bull run can happen.

right, everyone's expectations are the same as you, where the price is starting to improve. and hopefully this will continue. but we also have to be careful if there is a decline again, so that we remain vigilant and do not let our guard down. Don't let it be like the previous incident, where many people are greedy so that it will have bad consequences

[Argoo]

It is such a really good news for everyone that bitcoin reach $38,000 yesterday. I really optimist that the price will go up by now. It will be possible that the movement of bitcoin price will touch its ATH $63,000 or even more than that. Also the price of altcoins such as ethereum has increased, I think bull run can happen.

I don't think that right now the cryptocurrency market will start to grow in price terms. Yesterday's good growth was one of the price spikes and nothing more. It's just not the time for significant growth yet. Such growth never began in the second half of the summer. Usually, growth begins in the fall and then, not from September but October. For price increases during these months, the necessary support is usually lacking. Bitcoin can now gradually accumulate its resources, and also gradually restore its positions. However, good and long-term growth is only possible in the fall.

[Sir Legend]

Bitcoin now reached $40370, but I would not say exactly that the bull market returned. Of course it would be great to see Bitcoin rising more, but I am not sure it will reach again $64k too soon. In case some people have bought on the decreasing market on the price nearly $30k, it would better to fix now 50% in order to get at least some profit.

The market is always changing fast, now the bitcoin price is down again to $37k, to say a bitcoin bull run of course if it is above $60k, but I'm sure it will happen before December.

[leea-1334]

As i was discussing with my group that during the last weeks charts indicated a bullish for btc. Btc also crossed 50 daily MA and due to the fud of usdt, bullish run  will continue i suppose.
Maybe we can see $48000 in next few weeks depending upon some positive news maybe. But it will go down around $36000-$38000. Let's see i hope to see a better run than my anticipation, charts and calculations.
Does anyone expecting $70k this year?

I always thought Tether fud led to Bitcoin markets dropping though,,, now the only thing we saw here is as soon as 40k was reached a lot of take profits got triggered which led to almost 10% immediate drop in price. Good though, if that cleared out everyone waiting with sell limit orders around that area. Let us see how bulls react to this today first though.

[btc_angela]

As i was discussing with my group that during the last weeks charts indicated a bullish for btc. Btc also crossed 50 daily MA and due to the fud of usdt, bullish run  will continue i suppose.
Maybe we can see $48000 in next few weeks depending upon some positive news maybe. But it will go down around $36000-$38000. Let's see i hope to see a better run than my anticipation, charts and calculations.
Does anyone expecting $70k this year?

I always thought Tether fud led to Bitcoin markets dropping though,,, now the only thing we saw here is as soon as 40k was reached a lot of take profits got triggered which led to almost 10% immediate drop in price. Good though, if that cleared out everyone waiting with sell limit orders around that area. Let us see how bulls react to this today first though.

I think it's more of Amazon news that fuel the price spike in the last week or so. And once they have confirmed that it is a fake news (them accepting bitcoin as mode of payment), the price suddenly drop to $36k-$37k very fast from as high as $40k. Fortunately, it's been stable so far and not moving down to <$30k as others have predicted.

$70k? Everyone is expecting a move to $100k or at least a new all time high at the end of the year.

[GoingIntoAction]

i think so. It is true that past profitabilities do not ensure future returns. But it is also more likely to repeat the pattern than to not do it and that is why sometimes I like to see past charts and the one of the peak of $ 1200 in 2013
I think it may be representative of what could happen right now.







Before that peak, it endured a correction from the maximum of around $ 142 to the minimum  which is around $ 68, a bit more than 50% of correction, something very similar to what is happening now.

[DeathAngel]

The bull run didn’t stop, it just took a deep correction like in 2013. We reached a local top, corrected, some consolidation & we will rocket to new highs later in the year.

 

[goldade]

over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.

I'm sure it is every investors' prayer that bitcoin gets over the correction and the price should resume its upward trend. There is however no definite evidence that can be used to back this up.
It is absolutely possible that the price of bitcoin will rise very that it will hit new ATHs. However, you should also know that it is possible that we are not done with the consolidation.
Many people even believed that there wasn't a bear run at all and that we've always been on a bull run and that the fall in price is simply a correction.

[terrorJR]

I think the bull run is still massive for now because considering there are still considerations btc will still be stagnant and even tend to go down again for now.
apart from yesterday's fairly hefty increase it was the effect of Jack Dorsey and Musk that occurred some time ago.
I think this is just the impact of that considering the supporters of these two people are very large and according to my observations btc will still remain stagnant for some time now

[ethereumhunter]

Maybe yes, bitcoin has a bull trend after the price stagnant at below $35k for some time. But we need to wait and see what will happen to bitcoin because after reaching $42k, the price can not stay above $40k and now, the price is back to below $40k. But I am sure the bitcoin price will be back to the high price soon and there is nothing to worry about because bitcoin will have more supports coming at the market. It seems the price now makes a correction after reaching the highest price before, so hopefully, this week can be a good time to increase more.

[haidil]

It's about to get into $40k just now.

As I post this, $300 more and it's already on $40k. The news about Amazon seems to be one of the reasons why we're seeing this price increase and it's very nice to see it again go in $40k.

Well, most of us missed that price.

there are various fluctuations that will later bring news about Amazon that encourage them to adopt Bitcoin. So it can't be denied just for the sake of growing all transactions on Amazon. If they are really serious about adopting Bitcoin by the end of the year.
Although it will continue to feel faster for a while. so the target will be above $50,000. And for now all need to prepare for the increase in preparation that is quite maximal.
We won't be happy just yet, because for the time being following up on Amazon's decision is what we're most looking forward to. so with that look at how strong Amazon's influence is on Bitcoin price growth.

[sapnu]

I think its too early to make an assumption just because a sudden price increase occurs. Bull run happens when bitcoin's value increases continuously and stabilize under a high value. Due to the recent events specifically the rumors about amazon accepting or considering bitcoin as a mode of payment may have affected the price movement. Nevertheless, the fact that it is just a rumor should already be a hint that such occurence will not suddenly lead to another bull run. Let us just be patient and we'll surely see another bull run in the making as bitcoin achieves new all time highs consecutively.

[mycryptocoin]

Yes bitcoin can easily rise to 60k$. Sime good news and bullish line will be started. Bitcoin is now so cheap. Imagine if bitcoin accept by amazon,Apple,Microsoft,Tesla and orher Major companies how much money will come into Bitcoin.

[Hughes_Ryan]

bitcoin market has come back strong after difficulties and crossed the $40k mark, the market has shown signs of recovery, I believe that in the near future the bitcoin market will break even more strongly and touch  the $50k mark.