Is Bitcoin Bullish At The Moment

[Lanatsa]

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.

So you do talk about less volatility in terms of percentage rise and drop? Are you still get surprised about this condition which we have already been seeing this behavior through years already?

The market could neither move way too volatile or just in small percentage price rise and drops and as a trader or an investor then you should really versatile on making yourself to adapt

on whats currently happening to take advantage out of those movements because as long there's movement then there would be always a chance on making profit if you done it well.

[jakdanyel]

If this is not bullish, I don't know what is.    Before this run, Bitcoin price was still stuck between $30k and $35k. But it has a great pace right now and the price reached nearly $45k today. We are getting even closer to $50k day by day. It's a matter of time that Bitcoin price goes over $45k. And I don't think that there is any reason behind this rise. It's just about Bitcoin's volatility.

[germsite]

If bitcoin is following it's last trajectory, I think we'll be back to break through 60k quite soon (within a few months).

I think $44k was strong resistance on the way down and it'll probably be strong on the way up, but the longer we stay around here, the more potential we have to break through it.

I am just asking myself whether you have ever been into any kind of markets before. How many assets do you know about that went up by over 50% within the matter of weeks, and up by hundreds of percentage points within a matter of months, and up by thousands of percentage points within a matter of a couple of years?

Is Bitcoin bullish? Give it a guess maybe!

Yeah bitcoin is yet to close a month sold - below 50 - on the RSI via coinbase (since being listed back in 2013 at least)...

A lot of tech stocks have done like bitcoin and are still quite strong - at least stocks like amazon and Google.

No publicly available stock or any sort of asset that could be purchased by literally every single person on planet earth has performed even close to what Bitcoin has achieved, at least not to my knowledge. Amazon went up like a 180 times or so ever since it went public. There was a very good reason for Google and Amazon to go through the roof over the last 18 months.
You can take a certain time window of Bitcoin and compare it to an outstandingly performing tech stock, but how much sense does that make? I would still say that people are bullish on Bitcoin. Amazon has had set backs of 25% from time to time, but over a longer time span than Bitcoin.

You say "a lot of tech stocks", just to afterwards mention "at least" two.

[Luqman]

just like I analysed last week am predicting a $45k bitcoin before the end of this week.

It still didn't reach $45k, bro. But it still has time to break $45k. Currently, Bitcoin is struggling for $45k, if the demand doesn't decrease, we can see $45k today. Your prediction is quite accurate, I hope you will predict a higher price for Bitcoin in the next week.  I guess Bitcoin increase to continue in the next week and probably has a chance to reach $50k. Do you agree with me?

[coin-investor]

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?

Yes there's a big possibility but we can't tell the exact day or date that it will reach the market is very volatile and we need to be patient, it can still drop or even pump to $50k all I know is the price is in a better position compared last week where it almost dropped to below $30k, I'm very bullish that we will have 6 digits before the end of this year.

[STT]

Two streaks of green daily bars leading upto 200 day average.  I would speculate we do consolidate after that action but still its fair to say we're in a bullish phase.   My rough judgement goes off the weekly average most of the time as we tend to stall if we lose momentum and are apt to pull back at that point.
  If we stay above 38k for the rest of the month I think that would imply further gains even if we were acting negative at that point.

[Kemarit]

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?

The fact that we are in the $40k level and moving up to the $50k it's a sign that we are in a bull and the market is performing better than the previous months, unfortunately, your prediction is not correct, it did not reach the $45k level this week, but we need not worry there's a strong indication that it will reach the $50k level before the end of the month.

But I think his prediction is very close and it's possible that we can reach $45,000 before at the end of this week (depending on your timezone). So a +/- with few hundreds is close in my opinion and a good and honest prediction on the part of the OP. So yes, let this bullish sentiments continue, we have build a good enough momentum to push to $45,000 and then two plus weeks to even get close to $50,000.

[erep]

Yes there's a big possibility but we can't tell the exact day or date that it will reach the market is very volatile and we need to be patient, it can still drop or even pump to $50k all I know is the price is in a better position compared last week where it almost dropped to below $30k, I'm very bullish that we will have 6 digits before the end of this year.

There is no accurate signal if the market will pump to the target price within a certain time but the market rise is so close to $50k, even though bitcoin has high pumping potential but $60k is a definite assumption in this year, many factors are pushing bitcoin to grow bigger.

[Dhaniii]

Yes there's a big possibility but we can't tell the exact day or date that it will reach the market is very volatile and we need to be patient, it can still drop or even pump to $50k all I know is the price is in a better position compared last week where it almost dropped to below $30k, I'm very bullish that we will have 6 digits before the end of this year.

There is no accurate signal if the market will pump to the target price within a certain time but the market rise is so close to $50k, even though bitcoin has high pumping potential but $60k is a definite assumption in this year, many factors are pushing bitcoin to grow bigger.

bitcoin is bullish this week and is holding up, next week is still in the prediction it will probably be bullish as well.
bitcoin conditions today are at $44,551 or less depending on which market you are looking at. if you want to adopt bitcoin, then it's still good to adopt, because the end of august bitcoin will break $ 50,000 based on my prediction.

[rhodelmabanal]

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?

For me it is a bullish again, because Bitcoin drops up to 29k before and now back to 43k again, it is possible that the bull season is already back. But we need to always take care about bull trap, because bull trap can bring your investment down. I start to buy some but at only small amount.

[michellee]

Yes there's a big possibility but we can't tell the exact day or date that it will reach the market is very volatile and we need to be patient, it can still drop or even pump to $50k all I know is the price is in a better position compared last week where it almost dropped to below $30k, I'm very bullish that we will have 6 digits before the end of this year.

There is no accurate signal if the market will pump to the target price within a certain time but the market rise is so close to $50k, even though bitcoin has high pumping potential but $60k is a definite assumption in this year, many factors are pushing bitcoin to grow bigger.

bitcoin is bullish this week and is holding up, next week is still in the prediction it will probably be bullish as well.
bitcoin conditions today are at $44,551 or less depending on which market you are looking at. if you want to adopt bitcoin, then it's still good to adopt, because the end of august bitcoin will break $ 50,000 based on my prediction.

Although there is no accurate signal when the bitcoin price is up, but we already knew that the price could increase back to $45k and this is the highest price at the moment. So there is a chance the bitcoin price will still grow and break $50k. Hopefully, the $50k will be reached this month so we will see the price can back to $64k before the end of this year. Bitcoin will have a chance to get another bullish moment this year and that means more companies will see that bitcoin still has the power to lift the price, which will make them invest in bitcoin like the other big companies.

[Koro-Sensei]

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?

No doubt it is. I can see it go pass through 45K area and could touch the 50K mark within the month. This area's are commonly healthy and if the resistance broke fast, it could potentially be rallying to a new all time high within this year.

If this is not bullish, I don't know what is.    Before this run, Bitcoin price was still stuck between $30k and $35k. But it has a great pace right now and the price reached nearly $45k today. We are getting even closer to $50k day by day. It's a matter of time that Bitcoin price goes over $45k. And I don't think that there is any reason behind this rise. It's just about Bitcoin's volatility.

Yeah agreed. It struggled at 30K mark and couldn't even win a single day. However, I believe the price actions wasn't just because of volatility. There are good news came out days before this bull run. The talks with Jack Dorsey and Elon probably helps this one and the rumors about amazon.

[Furious 7]

Although there is no accurate signal when the bitcoin price is up, but we already knew that the price could increase back to $45k and this is the highest price at the moment. So there is a chance the bitcoin price will still grow and break $50k. Hopefully, the $50k will be reached this month so we will see the price can back to $64k before the end of this year. Bitcoin will have a chance to get another bullish moment this year and that means more companies will see that bitcoin still has the power to lift the price, which will make them invest in bitcoin like the other big companies.

This movement is indeed a good start where bitcoin has reached a good value even a little more will become ATH, maybe this year there will be a second bullish moment to see the market is quite aggressive at this time? I'd say it's still early in the month and it's likely to exceed the $50k mark that's for sure and I'm expecting where this moment will turn out to be.

Of course bitcoin now will be a little different from the previous year, companies will look at bitcoin as a strong asset value but they will certainly test it, but gradually there will be adoption of the company and see that bitcoin is worth investing in need company.

[sana54210]

Although there is no accurate signal when the bitcoin price is up, but we already knew that the price could increase back to $45k and this is the highest price at the moment. So there is a chance the bitcoin price will still grow and break $50k. Hopefully, the $50k will be reached this month so we will see the price can back to $64k before the end of this year. Bitcoin will have a chance to get another bullish moment this year and that means more companies will see that bitcoin still has the power to lift the price, which will make them invest in bitcoin like the other big companies.

At the end of the day price could become 100k or 10k and that is as true right now as it was 2-3 weeks ago. However we are looking better these days and that is a good thing, it gives people hope and when people are hopeful about what is going on in bitcoin that usually means that crashes are not easy to happen since people who are hopeful will not sell and even manipulators will fail to convince them.

However that doesn't mean that there is zero chance that price will not fall back down to under 30k for example, with one bad news, one ban, one Elon tweet or whatever and we could end up seeing bitcoin going under 30k again in a week. So, we should be happy but we should not get carried away.

[michellee]

This movement is indeed a good start where bitcoin has reached a good value even a little more will become ATH, maybe this year there will be a second bullish moment to see the market is quite aggressive at this time? I'd say it's still early in the month and it's likely to exceed the $50k mark that's for sure and I'm expecting where this moment will turn out to be.

Of course bitcoin now will be a little different from the previous year, companies will look at bitcoin as a strong asset value but they will certainly test it, but gradually there will be adoption of the company and see that bitcoin is worth investing in need company.

Yes, I guess so because the price can back to $44k for the highest price is a good news for us because that can trigger the next bull run that happen soon. I am sure the price will exceed the $50k mark and maybe that will happen in the next month. The price will have a chance to reach the next ATH before the end of this year so we might see the two times of the ATH.

I think the companies already research about crypto, especially bitcoin but they want to watch it for more before take decision in investing in bitcoin. But soon after the price can back to the right track, they will join with the other companies investing in bitcoin.

At the end of the day price could become 100k or 10k and that is as true right now as it was 2-3 weeks ago. However we are looking better these days and that is a good thing, it gives people hope and when people are hopeful about what is going on in bitcoin that usually means that crashes are not easy to happen since people who are hopeful will not sell and even manipulators will fail to convince them.

However that doesn't mean that there is zero chance that price will not fall back down to under 30k for example, with one bad news, one ban, one Elon tweet or whatever and we could end up seeing bitcoin going under 30k again in a week. So, we should be happy but we should not get carried away.

I will be happy if that $100k can be reach before the end of this year and I am sure many people who have bitcoin will happy too, no matter how many bitcoin they have. But right now, we will going to see the correction come because the price is already down for a little and we do not know how deep the correction will be.

People still hope that the increases will happen in the next week continues to reach the last ATH. But we should prepare if this correction of the price will down and back to $40k-$42k because we can not predict for sure.

[chikading2016]

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?

We back to bullish again. I see the Bitcoin is rising same with ethereum and some other altcoin, so I also believe that we are in bull market this week, I don't know if this market will go down or continue to rise but one thing for sure we are in bull market this week.

[davis196]

The real question is not "Is Bitcoin bullish?"Of course it is..
The real question is "Is this a price bubble,or is it a stable price growth?"
If this is a price bubble,then what is causing that price bubble?
The crypto whales?Institutional investors?Smaller cryptocurrency traders?
When will the bubble burst?We have to be prepared for that moment.
At what price the bubble will burst?We have to accumulate more Bitcoin now,before it's too late and sell at the right time,right before the bubble pops.

[Chato1977]

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?

seems like yes mate.

https://coinmarketcap.com/

bitcoin is now nearing 46k , from the deepest of 28k this year so wondering why cannot we called this as bullish market when the evidence are actually yhere.

[asrinur]

I think the price of Bitcoin is still in a bullish price trend despite the price correction a few weeks ago. Now the bitcoin price has broken through the $45k level. the crypto will continue its bull market in the coming months and the bitcoin price will see a rise towards the $50k to $55k resistance later this year.

[sana54210]

I will be happy if that $100k can be reach before the end of this year and I am sure many people who have bitcoin will happy too, no matter how many bitcoin they have. But right now, we will going to see the correction come because the price is already down for a little and we do not know how deep the correction will be.

People still hope that the increases will happen in the next week continues to reach the last ATH. But we should prepare if this correction of the price will down and back to $40k-$42k because we can not predict for sure.

Think about this way, if it doesn't reach, and if it drops to 20k, and if it stays there for 2 years, and then becomes 200k or 300k, wouldn't that make you more happy then seeing an increase now and then a drop? I am personally not in favor of seeing a huge increase, I am happy whenever it increases but I also want drops at all times, constantly all because I want to buy at that level as well.

I have bought from many different levels, I bought at 4 digit levels, I bought at 50k+ levels and I bought everything in between, but whenever it is lower that makes me feel a lot better. You should only be happy about the price going up if you are willing to sell, will you sell at 100k? Are you 100% certain that you will sell at that price? If you are unsure about then I would advise you to wait for it to go down and hope for it to go down as well.