Is Bitcoin bull market back

[Argoo]

Seriously I believe bitcoin bull run is currently back and we should be expecting more pump. I was surprised when I saw bitcoin at $38k overnight and I believe very soon bitcoin will definitely cross $40k and I believe bitcoin bear is already over so we should be expecting more bull run currently and I believe this will definitely pump other altcoins.

In my opinion, it's too early to rejoice. Yes, the price of bitcoin rose by about four thousand dollars overnight and continued to rise in the morning. However, now prices have again rolled back to the level of morning positions and now the price of bitcoin is $ 38,177. It looks like it was a good price spike and partly after that bitcoin will maintain its price position. However, I do not think that we are now at the beginning of a new wave of price growth. The end of July is not the right time for this. Usually, we see the growth of the cryptocurrency market already with the onset of autumn. There are, of course, exceptions.

[BrewMaster]

technically we have been in a bull market ever since price went above $4000 in April 2019 and despite what so many FUD wanted you to believe we never entered a bear market they just wanted you to sell your bitcoins so that they could buy more cheap coins before the price goes to $50k again.

[AniviaBtc]

We're not pretty sure if bull market is back because bitcoin is doing the same thing before, maybe if the increase continues.

It is hard to become so confident right now that bitcoin is having huge increase in its price.

If you're into futures trading then you can surely somehow handle some volatility and lessen the risk because you can take profit in short or long position.

[Husnain651]

Bitcoin was last up 8% at $38,064, putting it within sight of resistance around June's $41,341.57 peak just a week after it was testing support at $29,500.
Bitcoin and digital asset values have risen dramatically during the last 12 hours as bitcoin (BTC) jumped more than 15% yesterday evening (EDT). BTC has managed to hold above the $38K zone on Monday after falling from $39,850 per unit at 9:00 p.m. on Sunday. Bitcoin is still up 12% during the last 24 hours and 24% for the week. Out of the crypto economy’s $1.5 trillion, bitcoin commands 47.1%
So it loke like bitcoin bull market is back

[kizlod]

It's a good day. I was really pleased to see my coins go up. But it's early to say that we already in bull market.

[aprilnot]

looks like that. but I doubt this time it will be a bullrun and touch ATH again. to me this looks like a temporary recovery and once the situation has reached overbought the price will fall again. so let's see if bitcoin can go up to 40k, or the price will reverse before touching it. if the second possibility occurs. meaning it's not recovery.

[buwaytress]

I'm inclined to think this momentum should carry us over 40k (at last, after some worrying weeks) but it'll probably need a couple more bumps up before succeeding.

The only concern is that every failure will be seen as seller strength and this confidence can evaporate quite quickly if we don't see short-term results.

Not that it changes the end game of 100k most bulls are eyeing this year.

[taufik123]

We're not pretty sure if bull market is back because bitcoin is doing the same thing before, maybe if the increase continues.

It is hard to become so confident right now that bitcoin is having huge increase in its price.

If you're into futures trading then you can surely somehow handle some volatility and lessen the risk because you can take profit in short or long position.

bulltrap is likely to occur. A correction for Bitcoin is really needed for now, because the RSI is already showing Bitcoin has reached its peak. Correction is required to reach new ATH. Securing profits for now is very important to do. If trading futures as you mean maybe get ready to enter a Short position.
most importantly use a few percent of capital, don't go all in. Trading should be done smartly and full of calculations.

[Sterbens]

Take advantage of price conditions that are quite ideal at this time, you will be very lucky if you still have Bitcoin, where most of the time during yesterday's correction many had just let it go. T use a variety of knowledge to continue to take profits when the market is Bullish like what is happening now.
The method of scaring beginners at the time of correction turned out to be very effective, and that was certainly done by the popes. so at this moment, they can only watch without taking advantage.

[MusaMohamed]

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.

No. It is correct. I meant it as April 2020. After the massacre in March 2020, we witnessed a big bullish market that lasts so far. In May this year, 2021, the market has a big correction and price has been pulled back more than. 50% from the top. However, it is healthy and I don't see the $64k is the top of the bull market after the halving in May 2020.

We will go higher but I am not sure price from $28k to $29k is the ultimate bottom of this correction. But it does not matter where the bottom is. The bottom line is doing Dollar Cost Averaging and hodl for new all time high. Hodl and believe in new all time highs. I don't care much where the real bottom is.

[imstillthebest]

along with the rise of btc there is also a rise in many altcoins i think this was a sign of a bull run but its only partial not full because the price rise are only minimal but dont worry because i think it will continue because there are again upcoming projects that are related with bitcoin .
 i read it in my mail and one of it is the large company amazon that said to support bitcoins .

[gabbie2010]

Without any element of doubt I think the bull market is back from technical analysis point of view the price of bitcoin had already crossed the 100 moving average on 4 hour BTC/USD chart while the price is on the verge of crossing the daily timeframe historically when a price cross over occurs this often signals the bullish sentiment of the market i.e the bull taking over the market of course history repeat itself however there is another resistance at $40K to $41K if the price can break it then the bulls will have completely taken over the market this is indeed a good moment for bitcoin hodlers who had endured a miserable bearish runs which stared mid May this year while buyers who bought at $29K+ would have earned some reasonable amount of profit now, I hope that the present price upsurge movement is sustained.

[newwest]

It seems so, but I will continue to hodl btc on my ownr and trust wallets until the price doubles.

From last couple of days btc is seems to be getting some push back and now inching towards 40k mark again. Its being some time where btc was below 33k range only and this upwards movement might receive a lot of attention from big organizations and they may start to buy more as btc is bouncing back.

[Republikcoin.com]

Bitcoin always hits new ATH moments after the halving occurs. This is a cycle that will always happen with the support of a strong community and the whales who want Bitcoin to exist. I think this is a safe way to keep Bitcoin attracting attention and staying on the internet.
Don't ever feel panic if you have gone through 2x cycles that occurred in 2017 and 2021. Because there are still 2025, 2029, 2033 that are ready to wait with even more fantastic news.

[Renampun]

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.

we can't speculate that Bitcoin price will return to its ATH in the near future because it's bullish right now...

jack dorsey and elon musk discussion and news about amazon will accept bitcoin made the price go up drastically. let's just wait until at what price the bulls stop this time.

[ChrisPop]

The short-lived dip before $30k looks like an authentic bear trap. I wouldn't get ahead of myself and say that the market is back in a bull run. However this surge in price is a healthy sign. I'd wait for a break of the ~$40k resistance. We have been consolidating for a while so there are a lot of technical structures that need to be broken on the upside before resuming the race to $100k mark, but everything is possible in crypto.

[DibiaVxosis]

Market looks amazing within just overnight, the price jumps almost 10%. We're almost $40000 already so cross your fingers!

I 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.

Isn't it always in a bull market?
In addition to your feelings, do you have any data or news to support this new high?
I don’t think Bitcoin is a bear market when it is falling, and a bull market when it’s rising.Looking at the trend in the long run, it is a bull market.

For long-term investors, they see Bitcoin to always be in a bull market which is also true. But most of the short-term guys who want to make money every fluctuation the bear market in every day. A lot of opportunities are wasted if they are not going to buy and sell every time. 

You have a point here, the market seems to be tricky tho it's showing a bullish trend but seems no big support yet, but it's obvious most people just believe the bullish trend is back and won't take profit immediately and when price retraces downwards there start regretting. Well I just wish the bull run will continue, I really do miss those good days of uptrend.

[haidil]

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.

[aejay420]

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?

[Slow death]

I think this week the market will be good for the traders hope it goes higher in future.

We have to thank the anonymous person who spread this rumor that amazon will accept bitcoin as a means of payment at the end of this year, funny that I can't believe that just because of an anonymous source rumor the price of bitcoin has risen so much to the point of reaching the $40.000 this shows how this market is still dominated by pump and dump, it's unbelievable

I hope it's really back! I've already spent all i could on BTC while it was dipping.

It's already back, see that it has reached $40,000