Is Bitcoin Bullish At The Moment

[Mikayla Buckley]

The downtrend is likely to have ended.

In the upward trend, the negative power effect is weakened due to the huge potential energy that is like a snowball upward. Unless it is bad news with a level. (Regardless of whether the news is true or false, it may cause a decline).

Any trend will run out of potential energy, depending on when the news is counterproductive, it means that the trend is overdone.

[Dhaniii]

As bitcoin price rise to  $42,954, which shows a bullish momentum as the market has hard a long time of correctional stage before breaking the $42k bench mark, just like I analysed last week am predicting a $45k bitcoin before the end of this week.

What are your takes on this?

now bitcoin has crossed $43,000 just waiting for $45,000 this week. maybe the end of august bitcoin will break $ 55,000, it looks like the hopes of all investors will begin to be achieved. the market price movement for bitcoin is really very significant for today. Will this continue to survive or will it continue to penetrate the next stronghold.

[Poker Player]

I just wanted to make a nuance. It is not bitcoin that is bullish or no longer bullish. It is us as investors that are bullish or bearish. These are terms that apply to our psychology, our mood.

Going to the point, I agree with most opinions that we are in a bullish scenario. I don't expect to have much trouble getting to $50K, and I still think we pass $100K this year (hopefully we'll get to much more).

[DapanasFruit]

In my own non-expert Bitcoin view, I think at this moment the sentiment is bullish but it does not mean that there is no chance for bears to claw back into the scene anytime if there can be a noticeable profit-taking by traders and hodlers. Can Bitcoin successfully go past the $45K level? That would be an exciting thing to watch. There are now many good news on the market and many stories of adoption involving big organizations plus the chance that an BTC ETF can be approved soon pushed the price of Bitcoin higher.

[UmerIdrees]

As bitcoin price rise to  $42,954, which shows a bullish momentum as the market has hard a long time of correctional stage before breaking the $42k bench mark, just like I analysed last week am predicting a $45k bitcoin before the end of this week.

What are your takes on this?

There are two important things to note here. First is that we need to stay above 43K for atleast two days in order to confirm the start of the bullish trend start. Secondly, today and tomorrow is weekend, so if bitcoin pumped to 45-46K during the weekend, it might dumped again to 42,000 at the start of Monday.

Also we should not forget that there is a US bill to be presented tomorrow and it can badly impact this pump. So we should be careful while opening long positions.

[isaac_clarke22]

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jackg pretty much mentioned it.  From the pattern it made, I am pretty sure that sooner we might be able to get back to the last ATH that we got.
We'll see how it goes in the succeeding months, but I wouldn't be expecting too much if you need my answer, OP.
It is still stabilizing above 40k, so there is that.

[bittraffic]

So much to grow in the following weeks. The new amendment to the crypto industry didn't make investors fearful but instead, it got more support from people listening to it. I got the feeling that it's going to move to $50K if this really continues next week.



There may be some resistance which are previously a support level. We've passed that $42500 which the next could be the 47000. It could go back to $50,000 and up.

[Tina H]

Now that Bitcoin has exceeded 43k, I think it is expected to exceed 45k this week, and strive to exceed 100,000 this year. Unless there are very stimulating news affecting the market, I personally think that the trend will not deviate too much. The current situation is very good, but Bitcoin is an unstable asset after all. We try to minimize losses. The trend of Bitcoin in the market is slowly increasing. This trend may increase further this year.

[traderethereum]

Now that Bitcoin has exceeded 43k, I think it is expected to exceed 45k this week, and strive to exceed 100,000 this year. Unless there are very stimulating news affecting the market, I personally think that the trend will not deviate too much. The current situation is very good, but Bitcoin is an unstable asset after all. We try to minimize losses. The trend of Bitcoin in the market is slowly increasing. This trend may increase further this year.

Hopefully, that will happen soon and if that can not happen this weekend, that can happen next week.
If you have a target price to sell at $45k, you should prepare by placing an order to sell at the exchange so you will not sell and take profit.
But if you still want to wait for the other high price, you should not worry about the up and down of the price because the bitcoin price will increase higher in the future.
I think it will not be a problem if the bitcoin price slowly increases because sooner or later, the bitcoin price will be back to the high price and I believe the price will make a new ATH.

[MinoRaiola]

Yes, it's not an extreme yes yet, but the road ahead looks good. I can already smell the months of September to December 2020.

Because JP Morgan is now offering access to 6 new cryptocurrency funds. Recently JP provided access to Grayscale Bitcoin Trust and i think there's more to come. Speculation is running hot!

Goldman Sachs is also in the game with a cryptocurrency fund.
The Ethereum update carries is also great.
All positive signs for the next run.

[Lucius]

Despite all the speculation and FUD, Bitcoin has been bullish since halving last year - and the problem with all those who claim otherwise is that they are unable to see the bigger picture and panic every time they see the price in red. I read the same posts every day, people wonder why the price isn’t rising and whether the bull run is over - and since halving the price of BTC has gone up (if we take the current price) about 7 times.

I don't know how many times I've written that anyone in doubt should look at what happened during 2017, and that 2021 can be compared to that year - but it obviously doesn't reach the brains of most people. If you sell hoping to buy again for $25k or lower, they get you on the same trick again - you lose, their gain.

[Jating]

The price of bitcoin moved above $43k, which shows a bullish signal, as the next targeted price will be $45k before moving to $50 before the end of September.

I'm more leaning towards the $50k resistance level, this is a big wall instead of $45k which can be breach within the month with the way the price is moving currently. So if we touch $45k next week then hopefully at the end of the month $50k will be reach as well.

But as I have said it will be a hard grind as this is the next whole number barriers. But we are already in some sort of bullish run again so let's see.

[RokokGudangGaram]

As bitcoin price rise to  $42,954, which shows a bullish momentum as the market has hard a long time of correctional stage before breaking the $42k bench mark, just like I analysed last week am predicting a $45k bitcoin before the end of this week.

What are your takes on this?

Probably reach $45k-$46k after that it may go down to $36 or probably lower than $20k. Right now I didn't expect the price to go up beyond $42k but I still believe that we are now at the peak of the resistance, I don't know if my prediction is right but let's just enjoy the profit we have in this run.

[Coin_trader]

As bitcoin price rise to  $42,954, which shows a bullish momentum as the market has hard a long time of correctional stage before breaking the $42k bench mark, just like I analysed last week am predicting a $45k bitcoin before the end of this week.

What are your takes on this?

Probably reach $45k-$46k after that it may go down to $36 or probably lower than $20k. Right now I didn't expect the price to go up beyond $42k but I still believe that we are now at the peak of the resistance, I don't know if my prediction is right but let's just enjoy the profit we have in this run.

Probably, Currently Bitcoin price is at 43K which is the current known resistance but its still good because there's still no bad news or FUD on Bitcoin price so there's a high chance Bitcoin will gonna breakout on this downtrend. A one good news will gonna send the price to the ATH. Opening a position right now is very risky on both short or long.

[kryptqnick]

The price is currently at May levels, which might be a sense of the recovery, but I think it's too early to say because we've had a slow positive dynamic only for a couple of weeks. It looks good for now, and I'd say it's more bullish than not bullish, but things can easily go in a different direction at the first sight of some FUD. People in the thread seem to be largely positive about this movement, and this is also something that can affect the price in a good way because of triggering FOMO. Not the thread alone, of course, but the general positive sentiment (if the thread is representative of the views of Bitcoin users).

[zanezane]

I think at this moment, the movement that it shows is bullish but I have heard from some of my friends about being careful because their still speculating whether it's a rug pull or a bull trap and you don't want to fall for those because it's frustrating and at the same time embarrassing especially if you have been on the crypto space for a long time.

[MusaMohamed]

The price is currently at May levels, which might be a sense of the recovery, but I think it's too early to say because we've had a slow positive dynamic only for a couple of weeks. It looks good for now, and I'd say it's more bullish than not bullish, but things can easily go in a different direction at the first sight of some FUD. People in the thread seem to be largely positive about this movement, and this is also something that can affect the price in a good way because of triggering FOMO. Not the thread alone, of course, but the general positive sentiment (if the thread is representative of the views of Bitcoin users).

FUD will come again because Bitcoin will not able to rise consistently to $65k. It will retest $65k but it won't consistently increase from under $29k to $65k just to test that resistance.

When Bitcoin makes noise, it will be noticed more by governments and FUD will return. I don't say governments can control Bitcoin but FUD just wait good time with resistance to come back.

I try to hold my Bitcoin till $65k retest, this month, next few months or next year, I will wait. I believe that Bitcoin will break $65k after a few attempts, perhaps 2 more attempts.

[fullhdpixel]

I think at this moment, the movement that it shows is bullish but I have heard from some of my friends about being careful because their still speculating whether it's a rug pull or a bull trap and you don't want to fall for those because it's frustrating and at the same time embarrassing especially if you have been on the crypto space for a long time.

I'm not seeing any big possible fall down from this point but there would be some small corrections are inevitable. If your into crypto space for a very long time then you might have got practiced to such corrections by this time. We cannot conclude completely that we are into strongest bull run yet but we can say that we are in the beginning days of another round of bullish mode  in 2021.

At this time, even we are not planning for buying more at least we should not plan for booking profits but should plan for adding more when bitcoin will be breaking strong support levels around $45k and then $52k levels.

[Tessnik]

Am not on the opinion that we are in a bull run correctly but must say we are heading toward another strong phase of recovery back to where we were in April 2021

[Boov]

As bitcoin price rise to  $42,954, which shows a bullish momentum as the market has hard a long time of correctional stage before breaking the $42k bench mark, just like I analysed last week am predicting a $45k bitcoin before the end of this week.

What are your takes on this?

Predictions was too radical to figure out as we literally thought it was really happening, because it would only be considered as bullish market when green market is taking faster increase. For now, it was just having minimal percentage and unlike before we've experienced a huge waves which attracts panic buying. Maybe we barely observed a good momentum, but we still have to be optimistic while we volatility of the market was making it so difficult to achieve.