Bitcoin Bull Tamed

[StreakW]

We see a decline in Bitcoin and this decline could result in a decline of up to $44k but this decline will only occur if support is broken and if Resistance is broken the price declines and the price will return to bullish. However, my advice, When the market is in a downtrend, or when it enters a bear phase, you can short sell to make a profit or to protect your asset from a weakening price.

[pooya87]

There is a Tug of war game currently going on in the bitcoin market where the bear-whales don't want to accept that their shorts lost them a lot of money so they gamble more and sell hoping they can make the money they've lost back.
The bull market is still ongoing after this little money grab scheme cleared the market from some of the weak hands.

[Devifajarina]

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

I think bitcoin has not been implemented optimally for now, big momentum will happen again in the next few months, bitcoin continues to be attacked by people who have great influence and interests, I think bitcoin bulls have not been tamed for now.

There are several investors who can influence the value of bitcoin, continue to chase bitcoin prices to keep going up, even they are preparing some big agendas for bitcoin's survival at the end of this year, I'm sure by the end of this year bitcoin will reach fantastic numbers.

[onecall123]

We see a decline in Bitcoin and this decline could result in a decline of up to $44k but this decline will only occur if support is broken and if Resistance is broken the price declines and the price will return to bullish. However, my advice, When the market is in a downtrend, or when it enters a bear phase, you can short sell to make a profit or to protect your asset from a weakening price.

Frequently, this happens. Manipulation of whales, as usual. What just happened does not need to be explained. Summarizing the 24 market chart, the conclusion is quite clear- Big bucks are incoming! A smart buyer bought at a very good price. There was a stupid sale at a terrible price. The best advice is to stop overanalyzing microtrends or you will drive yourself crazy.

[Questat]

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

Keeping on the chance that Bitcoin will reach another new market height, I have to give some fate, though.
We are moving back close to $60k, keeping the momentum for a few months will certainly drive the market price for Bitcoin to break another record. Though I was not fully confident that it going to happen but showing such a positive response after a huge correction, that it looks like we are breaking the limit as well.

[Oasisman]

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The kind of situation isn't new If you're in crypto space for quite some time already.
It tends to be like everytime Bitcoin has been facing a strong resistance, there will always be a short pull backs when It touches the level of that specific resistance level. Which kinda normal as traders will sell during bounce back and then accumulate when Btc falls about more than 5%.
Usually, when Bitcoin is hovering around a specific range huge possiblity that there might be another bull run. As you can see Bitcoin didn't fall below $40,000 again.

[Dave1]

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The kind of situation isn't new If you're in crypto space for quite some time already.
It tends to be like everytime Bitcoin has been facing a strong resistance, there will always be a short pull backs when It touches the level of that specific resistance level. Which kinda normal as traders will sell during bounce back and then accumulate when Btc falls about more than 5%.
Usually, when Bitcoin is hovering around a specific range huge possiblity that there might be another bull run. As you can see Bitcoin didn't fall below $40,000 again.

And we are not above $49k so quite some time now, after the price fall to $46k a quick bounce and a 3% increase is not that bad in a day. So yeah, we might attempt to break that strong resistance again this weekend and see if we are lucky although I think the trading activity today will slow day as it was a rest day for the majority of speculators. I doubt that we will go as low as $40k now, the sentiments seems to be very bullish with minor dump in a month.

[RealMalatesta]

I think bitcoin has not been implemented optimally for now, big momentum will happen again in the next few months, bitcoin continues to be attacked by people who have great influence and interests, I think bitcoin bulls have not been tamed for now.

There are several investors who can influence the value of bitcoin, continue to chase bitcoin prices to keep going up, even they are preparing some big agendas for bitcoin's survival at the end of this year, I'm sure by the end of this year bitcoin will reach fantastic numbers.

Bitcoin will never be tamed, the bulls are always out there looking for the future and not right now, and that is why they can't be tamed. If the price falls to 20k in the next 1-2 month, that is still not enough to tame me, I would buy so much more bitcoins if I had the money, it is better for me because if I buy them cheap then I make more money, but even if it doesn't fall in price, I will still buy it, I wouldn't have as much bitcoins but I would still spend fiat to get btc because that is just smart.

Many people and now even companies think like me and that is why I believe that we will be doing fine, bulls will be buying more and more, sellers will sell as much as they can but eventually they will run out of bitcoins to sell whereas buyers will keep on buying bitcoin because there are more and more fiat in the world every day, hence more money to buy bitcoins.

[Spack17]

It looks like the bull is tamed for now. Bitcoin price reached even $50k but we haven't seen more than that yet. Now, the price is having some difficulties in breaking the $49k resistance again. This is one of the critical resistance levels for the continuation of the rally I think. If it breaks the resistance, then we can see bigger levels in September I guess.

[dark1234]

maybe the newcomers are the contributors and one of the cowboys who make the bulls tame at level 50k is what happens next is the thing that the audience is most waiting for so that the hope of the market's green grass grows more and maybe the old cowboys can also lead the bulls so they don't blush and angry so hard heading too hard and redden eyes

[beerlover]

we are not above $49k so quite some time now, after the price fall to $46k a quick bounce and a 3% increase is not that bad in a day. So yeah, we might attempt to break that strong resistance again this weekend and see if we are lucky although I think the trading activity today will slow day as it was a rest day for the majority of speculators. I doubt that we will go as low as $40k now, the sentiments seems to be very bullish with minor dump in a month.

We have seen 49k+ on 27th of august, that is true you can look it up on CMC and that is a great thing because we were 50k on 23rd and we dropped under 49k on 24th and only 3 days later we recovered over 49k once again, doesn't matter how low we went down or not, it still recovered and that is a great thing.

I am hoping to see a lot better results hopefully, I want to see 50k as well, I want to see tons of profit like 60k+ or even breaking ATH and be 100k+, however I am also being realistic and say that going above 50k was awesome but going under 49k and going back up in under 3 days is an amazing achievement, much bigger than being 50k+.

We shall see what is going to happen in the future but I am quite happy about what happened in the past and I do not think that I would change it. Going up at all times is not good, eventually it leads to crashes, but having small drops and recover quickly is a proof of strength.

[Myleschetty]

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The kind of situation isn't new If you're in crypto space for quite some time already.
It tends to be like everytime Bitcoin has been facing a strong resistance, there will always be a short pull backs when It touches the level of that specific resistance level. Which kinda normal as traders will sell during bounce back and then accumulate when Btc falls about more than 5%.
Usually, when Bitcoin is hovering around a specific range huge possiblity that there might be another bull run. As you can see Bitcoin didn't fall below $40,000 again.

I think the problem here is people focus only on the positive trend because of the profit that comes with it and ignores the opportunities that open up when the price downtrend.
Meanwhile, the market seems to resist a downtrend but still lack the impulse to pass the $50K resistance level which is show a chance for possible bullrun.

[ccFOUND]

If BTC is still near $50k and holding above $45k, then it does not invalidate the possibility of a second phase of bull run on continuation. We strongly believe that BTC would do wonders if it keeps on holding this area and gets accumulated because it will make this area as ground and continue higher from here.

[Johnyz]

If BTC is still near $50k and holding above $45k, then it does not invalidate the possibility of a second phase of bull run on continuation. We strongly believe that BTC would do wonders if it keeps on holding this area and gets accumulated because it will make this area as ground and continue higher from here.

Bitcoin will try that again on September the start of the Ber months and the end of the ghost month this year, a time again for Chinese to spend their money on cryptocurrency. Bitcoin have to sustain the $50k level for a great bull run again, as I can see we are still close to that price so we have a higher chance of bull trend again.

[jakdanyel]

I have no idea about even if this is a bull run. So I can't say that bull is tamed or not now. In my opinion, this is some kind of a great rally and it is still not tamed. It just got a price correction and it is preparing to move on soon. It should be able to break $50k resistance level in a short time and go bigger in the next month.

[Wawa2013]

I have no idea about even if this is a bull run. So I can't say that bull is tamed or not now. In my opinion, this is some kind of a great rally and it is still not tamed. It just got a price correction and it is preparing to move on soon. It should be able to break $50k resistance level in a short time and go bigger in the next month.

I also don't think the current bull run has been successfully tamed, because the movement of Bitcoin is difficult to predict and there is a possibility
that it can fall very deep at any time. So we must always be vigilant when investing in Bitcoin, because there are many possibilities that can happen.
And always prepare for the worst case scenario, so that we don't get stressed if our predictions don't go according to plan. We do have to be patient
to wait if Bitcoin is able to pass the $50k price, if successful then the price of Bitcoin will rise to the next resistance level.

[Hippocrypto]

I have no idea about even if this is a bull run. So I can't say that bull is tamed or not now. In my opinion, this is some kind of a great rally and it is still not tamed. It just got a price correction and it is preparing to move on soon. It should be able to break $50k resistance level in a short time and go bigger in the next month.

Hopefully next month would become a great commission for all coins including altcoins, while bitcoin bullrun starts a great rally. Pretty sure it would be a glorious day for several holders who been so patient in holding their assets. But, when that day happens for btc upon reaching $70k or $80k I think possible downturn also initiates due to profitable value.

[sunsilk]

$46k-$47k are still good prices to be maintained so if ever it don't stay to $50k which is didn't when it got back there, that's not a big thing to think and worry about.

If BTC is still near $50k and holding above $45k, then it does not invalidate the possibility of a second phase of bull run on continuation. We strongly believe that BTC would do wonders if it keeps on holding this area and gets accumulated because it will make this area as ground and continue higher from here.

We could be in the next phase after it had broken and got out of $28k-$30k too quick. We all probably thought that it would be staying there for so many months but it has broken those prices quickly.

[STT]

We'll need a better run up then this to beat the highest prices and volume including sales in that area.   We did have a good trend but current BTC price action has passed and left that pattern of weekly gains.  Im waiting for BTC to prove itself stronger then some decline in motion right now, look at 2 day or a weekly average price for some quick reference to this possibility continuing.

[Wiwo]

I have never believed in a bull-tamed Bitcoin market as Bitcoin a gathering momentum for the next bull season which will take Bitcoin to 100k price.