Is Bitcoin Bullish At The Moment

[Oceat]

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.

The price decline is not that big that you could call it as a price correction since every price correction I know it happens after a big pump in the market. That would lead to bearish trend but luckily for us investors learned their mistakes and is now hodling instead of dumping straight to the market.

The price of $45k today may break another resistance that would lead to $50k or $60k in the future or within this year. Just stop expecting the $100k to be hit this year because that's impossible to happen unless you see bigger companies investing in Bitcoin with millions of dollars together.

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[michellee]

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.

I will be very happy if the price drops to $20k and stay there for 2 years because that will give me more time to accumulate more bitcoin and save as much profit as I can to prepare for the next coming. I am sure the next bull run will be higher than the last time because the price drops too deep.

I am happy to see the price increase, but I am also happy if the price drops deeper. Yes, I also bought from many different levels of the price. I always try to sell when the price reaches a high peak, leave the market, and prepare for the downtrend. I repeatedly do that for many years and I do not sell when the price is not so high. But I also save for some bitcoin to be sold in the future, maybe in the next 10 years, while I am sure that I can have many bitcoin.

[Obito]

Yes no doubt about it, I mean it's evident with the current prices and the news that we're receiving that's related to crypto. Although we have to be careful that we are investing wisely because losses can still happen. If you have some in your portfolio, better hold on to it and try to buy more if possible but only buy what you can afford to lose.

[AliMan]

My assessment for the current bitcoin progress right now was really exciting, as I observed recently we've reached already at $45k. After that price went through many fluctuations, there it goes predictions begun happening every now and then. Our next target will be $50k, it could be tommorow or next month because right now the current value was really volatile and most probably it will remain stabilized within $45k-$46k the whole August.

[btc_angela]

My assessment for the current bitcoin progress right now was really exciting, as I observed recently we've reached already at $45k. After that price went through many fluctuations, there it goes predictions begun happening every now and then. Our next target will be $50k, it could be tommorow or next month because right now the current value was really volatile and most probably it will remain stabilized within $45k-$46k the whole August.

It's because when bitcoin reach a certain resistance level, it can't go any higher, that's why it is called resistance. So it might stay there for a couple of days, or go down. But once we stabilised and the support is there, the price will have another break out run. So for now, I will say $48k should be the next and then $50k at the end of the month.

[rincoeng1986]

My assessment for the current bitcoin progress right now was really exciting, as I observed recently we've reached already at $45k. After that price went through many fluctuations, there it goes predictions begun happening every now and then. Our next target will be $50k, it could be tommorow or next month because right now the current value was really volatile and most probably it will remain stabilized within $45k-$46k the whole August.

good momentum this week, many small investors are eager to take the profits that were planted earlier. bitcoin slightly fluctuated in the last few hours, it's nothing just a weekly correction. This bull market is not felt by bitcoin holders alone, but also by other altcoin holders as well. many investors seem to be enjoying the fun including myself.

[LUCKMCFLY]

At this time we have seen that BTC has fallen more than 3%, but it is in the short term, the BTC market tends to have liquidity that many are not seeing at the levels of $ 42k to 45k, they are values mostly psychological, but not We can forget that BTC is for this year to rise at least to $ 100k, if things go well it is likely that things will at least be achieved for $ 80k, this is being seen as follows:

The first two phases have been pretty similar this year as well. Bitcoin has already broken out of its $29k to $42k price band earlier than expected. In fact, at press time, the king coin was trading at $46k. At this stage it can be said that BTC is headed towards the expected double peak and the market would most likely see new all time highs during the last few months of 2021.

Source: https://ambcrypto.com/bitcoin-to-80k-will-bitcoin-head-towards-a-second-peak-this-year/

As it is a purely analysis and speculation article, it has some technical elements to consider, apart from the S2F model is another of the most reliable models for me, and this one is close to the PlanB prediction.

[StreakW]

I think the BTC market is currently having a breakout and is on the rise at the moment. BTC maintains a good rally in the $46k to $49k price range. Even though if we look at last week's prices, BTC is still in a scary state. But now the situation has changed drastically which makes everyone excited.

[lenovop-70]

As my data said this august could be start the bullish Bitcoin trend from this year, and if my data was right, it is probably until next november the bull will reach the top of bullish trend. I hope it will be, since i have invested more than 60% my fund in Bitcoin, i am still wait to investing more in other coin like Ethereum or other Alts, just wait the correction to buy more small bag.

[MusaMohamed]

Bitcoin is very bullish from Hash ribbons and analytics from glass node.

https://twitter.com/glassnode/status/1425185180860313604

The market this year looks similar to 2013 bull run that has double tops.

Later this year, Bitcoin network will have Taproot activation that would be a big reason for Bitcoin to make its second top this year.
https://taproot.watch/about

[Kittygalore]

I think the BTC market is currently having a breakout and is on the rise at the moment. BTC maintains a good rally in the $46k to $49k price range. Even though if we look at last week's prices, BTC is still in a scary state. But now the situation has changed drastically which makes everyone excited.

This stage is in between bullish and scary, there's a chance that some people will take profit early into the market because they know that they've been waiting for it to go up and that they will make a lot of profit and they can just go back and buy back when the price goes down.

[yohananaomi]

Bitcoin is very bullish from Hash ribbons and analytics from glass node.

https://twitter.com/glassnode/status/1425185180860313604

The market this year looks similar to 2013 bull run that has double tops.

Later this year, Bitcoin network will have Taproot activation that would be a big reason for Bitcoin to make its second top this year.
https://taproot.watch/about

I myself started actively following crypto in 2017 so I don't know and experience a 2013 bull run, but maybe what you are saying is what happened and it is true.
but I'm just responding to what you said about bitcoin at the end of this year, instead I saw from the side of the first and second halvings that bitcoin had experienced. after halving a year later at the end of the year and precisely in November and December, bitcoin reached renewable ATH, so I have the conclusion that renewable ATH will happen again at the end of this year maybe even better.

[cryptomaniac_xxx]

Bitcoin is very bullish from Hash ribbons and analytics from glass node.

https://twitter.com/glassnode/status/1425185180860313604

The market this year looks similar to 2013 bull run that has double tops.

Later this year, Bitcoin network will have Taproot activation that would be a big reason for Bitcoin to make its second top this year.
https://taproot.watch/about

Yeah, there's a lot of comparison as far as the price movement to 2013. And if this remains true, we might see $100k at the end of the year or early next year.

The taproot in November might be the catalyst for the final run to 6 digits, very bullish news indeed so again as I have said previously, just remain patience because it's going to be a wild ride going into what we call Ber months (September-December).

[jostorres]

I would say that it is definitely looking bullish, not going to say that it is 100% bullish though. Sometimes there are moments when bitcoin is bullish or bearish, but they are usually not fully there, it is definitely looking positive now as well, and that is understandable, however it is also not fully bullish like as we all know.

I would say it is 80% bullish right now, there is this 20% chance that it could go down, and that "doubt" in people’s minds is stopping it from fully bullish, just like how recently it dropped a bit, sure we increased a ton right after that, had a wonderful day, but that doesn't change the fact that from 46k levels we managed to drop to 44k again, that wasn't bearish or anything, but that is the reason why I do not call it 100% bullish, just 80%, which means it could go up, like go up 80 then drop 20, that still means it is going up, just not at all times.

[bots1]

I expect the bitcoin price to continue to soar above $50k following the positive gains made this year. It is very likely that the price of bitcoin could cross $60k by the end of this year. The reason is, because new investors and large companies mention that bitcoin can be an asset that protects its inflation effect, the demand for bitcoin continues to grow. Moreover, in recent weeks, we have seen bullish signs. Meanwhile, when viewed in the next week, the price of bitcoin is expected to move in the range of $50,000.

[mumang siat]

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?

If I analyze bitcoin, the current development is quite good and promising, although last month it decreased slightly, but now bitcoin has returned to normal and could make a surprise at the end of the year.

For this month bitcoin will not give a big surprise, if you look at the current market conditions, even many investors have started playing the 2018 scenario, this will affect bitcoin according to my analysis, but by the end of the year I believe bitcoin will reach $45k.

[pinggoki]

Bitcoin shows bullish progress as of the moment, And this could persist until the latter part of this year if not Q1 2022. There's no good reason why bitcoin is to dump in value as of the moment, and the ones that do come out show no effect on the price of bitcoin, best shown when China released a statement wherein they decided to rid of all forms of cryptocurrency activity within their territories. This doesn't seem to faze bitcoin. Although we have to always be vigilant and proactive in conducting our own market researches, because there's no telling when the next bear season will be. 

I expect the bitcoin price to continue to soar above $50k following the positive gains made this year. It is very likely that the price of bitcoin could cross $60k by the end of this year. The reason is, because new investors and large companies mention that bitcoin can be an asset that protects its inflation effect, the demand for bitcoin continues to grow. Moreover, in recent weeks, we have seen bullish signs. Meanwhile, when viewed in the next week, the price of bitcoin is expected to move in the range of $50,000.

That could very well be possible given the news and updates regarding bitcoin that large companies and influential figures are releasing, plus the ATH last year had really helped boost bitcoin's popularity where we see a consistent rise in volume of bitcoin utilization. We can only see this expanding even more in the near future, provided that no bad news about bitcoin is to be released within this year or the next, then again bad news doesn't usually spell bear season for bitcoin.

[arwin100]

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?

If I analyze bitcoin, the current development is quite good and promising, although last month it decreased slightly, but now bitcoin has returned to normal and could make a surprise at the end of the year.

For this month bitcoin will not give a big surprise, if you look at the current market conditions, even many investors have started playing the 2018 scenario, this will affect bitcoin according to my analysis, but by the end of the year I believe bitcoin will reach $45k.

Some events happen from the last couple of days really help bitcoin to retain at the current level and many people are now going back to bitcoins that's why we see the dominance is increasing. Also this month? although we don't see any big surprises but as long as the price at almost $47k then provably we are going at the best figure of it on next month. And since we are at almost $47k then provably the near prediction to come for last quarter of this year is $50k and maybe even more.

[bitzizzix]

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?

If I analyze bitcoin, the current development is quite good and promising, although last month it decreased slightly, but now bitcoin has returned to normal and could make a surprise at the end of the year.

For this month bitcoin will not give a big surprise, if you look at the current market conditions, even many investors have started playing the 2018 scenario, this will affect bitcoin according to my analysis, but by the end of the year I believe bitcoin will reach $45k.

Some events happen from the last couple of days really help bitcoin to retain at the current level and many people are now going back to bitcoins that's why we see the dominance is increasing. Also this month? although we don't see any big surprises but as long as the price at almost $47k then provably we are going at the best figure of it on next month. And since we are at almost $47k then provably the near prediction to come for last quarter of this year is $50k and maybe even more.

Bitcoin price has touched 47k today and this is a good sign as it is nearing 50k which I think will happen this month, and they are not only back to bitcoin but also there are a lot of newcomers who are interested and believe bitcoin is the best investment for long term.

and I'm still very optimistic that the bitcoin price will reach 100k by the end of this year and the decline will occur again in september the bitcoin price will likely return to 45k because there will be a sale after the bitcoin price reaches 50k more, and october and so on will rise again to reach ATH new.

[MusaMohamed]

Bitcoin price has touched 47k today and this is a good sign as it is nearing 50k which I think will happen this month, and they are not only back to bitcoin but also there are a lot of newcomers who are interested and believe bitcoin is the best investment for long term.

Bitcoin has a resistance about $50k and if that is broken, Bitcoin will break out to $60k very fast. VPVR shows very thin volume profile from $50k to $60k and above that is the sky.

I'm still very optimistic that the bitcoin price will reach 100k by the end of this year and the decline will occur again in september the bitcoin price will likely return to 45k because there will be a sale after the bitcoin price reaches 50k more, and october and so on will rise again to reach ATH new.

The Stock to Flow model is valid and PlanB said that Bitcoin will make its top around $288k. His prediction.

Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crack down.

There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K

https://stats.buybitcoinworldwide.com/stock-to-flow/
https://stats.buybitcoinworldwide.com/compare-bull-markets/