Bullish News!!!

[rahmatrf331]

Of course,,, I do not mind a bit of good news but we have to accept nothing can change this move forward. Not good news, not bad news. Here we go!

Yes, moon boys are back in action. 

News are indicators but sometimes they're discouraging the market whenever the news are not that really good.

Now what surprised me is that Monday and Tuesday prices did dip but only for a little while and not so badly in fact made a new high,,, which was different from 2 previous weeks where those days wiped out the weekend gains (Temporarily only of course).

Does this mean bears are tired or waiting?

Well as far as those who are still shorting bitcoin, then definitely they are getting rekt already and perhaps they got tired.

I'm not sure about the bears, it depends, there are perma bears and there are investors who love to see the price going down so that they can still buy at cheap price and fatten their wallets.

And just like in the last 24 hours, the price goes to $46,700, meet some resistance, went down to $45,xxx and now we are up to $46,200 again. No sideways pattern but a little bit of dip and then quick recovery.

market conditions are up and down where the two market segments are opposite. the first segment is hunting to adopt bitcoin so the price is soaring fast and the other segment is trying to make a profit in a short time when the market price rises in a hurry to sell. I see the presence of bullish news more and more people trying to adopt bitcoin.

[traderethereum]

Good news is now coming another good news is that the AMC Entertainment Holdings, which runs the largest movie theatre chain in the United States, is set to start accepting bitcoin payments for tickets and concessions by the end of this year. I think this is a good year for crypto and I am expecting btc to hit 100k$ before year end so keep buying and gain.

Well, another good news for bitcoin.
It gives more chances to bitcoin doing another bull run and people will buy more before they are too late.
We might see a panic buying from people who see the good news and consider that maybe this time for bitcoin to start the next rally.
If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.

[leea-1334]

Does this mean bears are tired or waiting?

Not actually tired but it weakened the resistance of bears as demand arises, because there's a possibility of panic buying that happened lately.
Recently, Bitcoin price pumped $46740 at it's highest and stabilized within $45986 which potentially breaks another resistance towards $47k.
We just need to calm ourselves while we're at the midst of uncertainty, bullish news sometimes created confusions; everybody should be aware of that.

Panic selling I know very well but panic buying is the first time I have heard of this term;) Definitely a new way to look at FOMO buying;)

I believe there is very little retail buying going on now, all this buy/sell before 50k is from speculating traders, institutions already bought below 40k and will again top up above 50k.

[gabbie2010]

I'm not surprised why bitcoin continually increasing after the small fluctuation few days ago. If these a legit news for sure bitcoin has a potential to reach the all time high value along with ethereum because there both had a good percentage in the market.. Indeed google play and apple is a very trusted and huge company.. So definitely there will be a massive impact in the market within this month if this isn't a fake news.

Right now there is too much good news about bitcoin, many big companies want to invest in bitcoin so that the market continues to skyrocket and today it is proven because the price has gone up more than 6%.

These are the fundamental news that was behind the driving market or changing the market from bearish to bullish sentiment, in the last few days ago it was Elon Musk positive remarks about Bitcoin, now the news by coinbase, no wonder the price of Bitcoin pumped in the last couple of days and still trending bullish with some minor pullbacks or retracement after ensuring a bearish season that lasted for almost two months, hodlers will have a big sign of relief with all these positive news that might pump the price to reach $60K very soon.

[Kittygalore]

panicking is part of the game in crypto investing, for us to gain there must be others to lose and that is the part of panicking people .
they need to make bad decisions and and mistakes so we will be having our piece of cake.
we have seen this many chances that people are panic , and we also seen our wallets growing and that is the effect.
buy more when the price is dumping , let them continue selling and we will continue buying.

That's a bold statement to say especially you are encouraging to go up into the ladder knowing that you're going to step on some toes. To be honest, it's better if no one panics and we just let the market go it's way but we know that it's not a perfect world so we can't exactly do that. I guess, I'll just follow you after all.

[rincoeng1986]

panicking is part of the game in crypto investing, for us to gain there must be others to lose and that is the part of panicking people .
they need to make bad decisions and and mistakes so we will be having our piece of cake.
we have seen this many chances that people are panic , and we also seen our wallets growing and that is the effect.
buy more when the price is dumping , let them continue selling and we will continue buying.

That's a bold statement to say especially you are encouraging to go up into the ladder knowing that you're going to step on some toes. To be honest, it's better if no one panics and we just let the market go it's way but we know that it's not a perfect world so we can't exactly do that. I guess, I'll just follow you after all.

you have a different mindset than those who have panic sell thinking. I salute you, where some investors panic when prices start to dump and you have an optimistic mind to take the opportunity to buy when people rush to sell.
even though at that time everyone was rushing to sell their assets because they had suffered heavy losses.

[ivankoh]

If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.

My analysis, this is a correction for the next cycle. The 46k7 milestone may not have been maintained and correction is inevitable. This is not a big dip, so I will buy accumulatively here. I am more interested in taproot that can be activated in November of this year, it will help reduce gas significantly, the highest possibility in terms of security. Limit FUD media trust and go into the main goal of building bitcoin will be profit core

[perfect999]

Panic selling I know very well but panic buying is the first time I have heard of this term;) Definitely a new way to look at FOMO buying;)

I believe there is very little retail buying going on now, all this buy/sell before 50k is from speculating traders, institutions already bought below 40k and will again top up above 50k.

Panic buying has been around for decades, it was mostly used for stocks but eventually it moved to forex and now into crypto as well. It is the moment when the market is skyrocketing like crazy and people are usually buying a lot more during that period, which I think is basically what we are seeing right now as well, or at least saw. Market goes up a bit, and then a lot of people get hyped and start panic buying which causes it to go go higher and then more people start panic buying and so forth so forth for a while.

This is what I believe happened and this is why I am quite excited about the prospect of going over 50k again, if we get to 47k then panic buyers will make it over 48k, if we go over 49k, then panic buyers will make it 50k+ and so forth. However when it stops, and doesn't go high anymore, that usually means panic buying has stopped, which it looks like it has.

[Raflesia]

Good news is now coming another good news is that the AMC Entertainment Holdings, which runs the largest movie theatre chain in the United States, is set to start accepting bitcoin payments for tickets and concessions by the end of this year. I think this is a good year for crypto and I am expecting btc to hit 100k$ before year end so keep buying and gain.

Well, another good news for bitcoin.
It gives more chances to bitcoin doing another bull run and people will buy more before they are too late.
We might see a panic buying from people who see the good news and consider that maybe this time for bitcoin to start the next rally.
If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.

It will not be easy to pass the challenge towards $50k I think this is still a cycle from the current market situation and maybe it will definitely correct again with that we can prepare what efforts we are doing during that time and I think don't just think slow how about a big correction because for I don't think that will happen, what is clear now is that it's time to standby and buy if you are ready, therefore to redeem $50k will be immediately with the existing cycle.
But every time there is good news there will be bad news, so preparations must be made.

[traderethereum]

If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.

My analysis, this is a correction for the next cycle. The 46k7 milestone may not have been maintained and correction is inevitable. This is not a big dip, so I will buy accumulatively here. I am more interested in taproot that can be activated in November of this year, it will help reduce gas significantly, the highest possibility in terms of security. Limit FUD media trust and go into the main goal of building bitcoin will be profit core

The correction is already happening but I think there will be more corrections that will happen later.
The price seems to want to break the high price but I do not know if the price can do that or we will see the other correction because the situation is hard to predict.
A few hours ago, the bitcoin price is just up and down and if I check on the market, the price actually needs to go down for a while, but there is a big demand to buy and want to hold the price not go down.
It is interesting because the war happens in the market and I am curious about what happens later.

Good news is now coming another good news is that the AMC Entertainment Holdings, which runs the largest movie theatre chain in the United States, is set to start accepting bitcoin payments for tickets and concessions by the end of this year. I think this is a good year for crypto and I am expecting btc to hit 100k$ before year end so keep buying and gain.

Well, another good news for bitcoin.
It gives more chances to bitcoin doing another bull run and people will buy more before they are too late.
We might see a panic buying from people who see the good news and consider that maybe this time for bitcoin to start the next rally.
If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.

It will not be easy to pass the challenge towards $50k I think this is still a cycle from the current market situation and maybe it will definitely correct again with that we can prepare what efforts we are doing during that time and I think don't just think slow how about a big correction because for I don't think that will happen, what is clear now is that it's time to standby and buy if you are ready, therefore to redeem $50k will be immediately with the existing cycle.
But every time there is good news there will be bad news, so preparations must be made.

Indeed. It is still difficult towards $50k and it needs more demands that can lift the price to go to that price.
But I am sure that sooner or later, the price will increase sooner or later even if that will slowly because when the good news comes again, it can help the price go up.
But I do not think the big correction will happen again as that can make some people or traders not ready and panic.
But if that really happens, we might go back to the lowest price and needs to wait for some time to see the price start another rally.

[leea-1334]

This is what I believe happened and this is why I am quite excited about the prospect of going over 50k again, if we get to 47k then panic buyers will make it over 48k, if we go over 49k, then panic buyers will make it 50k+ and so forth. However when it stops, and doesn't go high anymore, that usually means panic buying has stopped, which it looks like it has.

Well,,, we can call it whatever we want FOMO buying or panic buying but yes, the numbers look good the momentum looks solid and the underlying news and facts have never been stronger before.

I think even if we want to be pessimistic,,, it is impossible to not see 60k this month before another strong visit at ATH.

[Kemarit]

If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.

My analysis, this is a correction for the next cycle. The 46k7 milestone may not have been maintained and correction is inevitable. This is not a big dip, so I will buy accumulatively here. I am more interested in taproot that can be activated in November of this year, it will help reduce gas significantly, the highest possibility in terms of security. Limit FUD media trust and go into the main goal of building bitcoin will be profit core

We've seen some minor dip if we have reach that range, but the good news is that after a dip, the price seems to bounce back again to $46,700. So yes, maybe $47,000 is harder to break, but sooner or later it will also fall and then $50,000 will be the obvious next target.

Just remain calm, it will be just a matter of time, previously, we have seen so many attempts to break $40,000 but after that, we sustained the run leading to the current price. So we might just be experiencing the resistance level, nevertheless we will manage to break even $50k in the next month.