Sounds of bulls screaming

[CageMabok]

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

There are still bright days because it has been written in the saying that after darkness comes light, which means that after a period of falling prices like now there will be another normal increase in Bitcoin and we will all again see a good market from all sides. I also don't think that what is happening like now will continue for long so I still believe in the potential for another increase this year, although not to pass the highest price that has ever occurred this year before the halving approaches.

[justdimin]

I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.

I am not familiar with these apps which monitors the behaviours of traders still it is interesting to see the anticipation of upcoming pattern on bitcoin charts. Usually I do speculate about bitcoin market after such patterns appear but now apps are doing one more forward step on our speculations, really interesting thing. Basically I am not having any doubt on crossing again the $60k levels but now I started to hesitated on being confident about new ATH in 2024.

Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon.

Yeah, every drop is just another entry point. For those DCA investors, these drops are the points which helps to achieve better average buying prices. Bitcoin market definitely will not stay stagnant for continuous 2 or more weeks hence we will see a clear direction before end of this month for sure.

[JoyMarsha]

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

No doubt about the bright days ahead of us regarding our bitcoin investment. But before the bright side ahead of us, I believe we would come across the dark side before that. Many people would let go of their bitcoin because they can't cope with the losses and those who believe in the future will end up seeing the brighter side of their bitcoin investment. There is no reason to complain about the downtrend market because it will not last forever, nor will the uptrend movement of bitcoin. Both happen at regular intervals, we can't predict the direction of the market

[Natalim]

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

No doubt about the bright days ahead of us regarding our bitcoin investment. But before the bright side ahead of us, I believe we would come across the dark side before that. Many people would let go of their bitcoin because they can't cope with the losses and those who believe in the future will end up seeing the brighter side of their bitcoin investment. There is no reason to complain about the downtrend market because it will not last forever, nor will the uptrend movement of bitcoin. Both happen at regular intervals, we can't predict the direction of the market

Now I think the dark side is almost over and we are most likely to see the brighter side of it. If this current trend will continue to show up in the market, I have no doubt that we will see a bull run within this year. But if asked if what could be the new ATH for this bull run cycle, I can't tell exactly but one thing is certain, we will end this year with exceptional profits as long as we can manage to hold our coins longer and not to fall for any price crash and suddenly sell our coins at a loss price.

[Maslate]

"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip).  This, too (unlike the Balrog), shall pass. 😉😎

Everything is temporary with bitcoin. If you are seeing your investment at loss these days, don’t worry it won’t be prolong and in due time, you will come to see your investment in profits. Just stay calm and patient, and never rush into selling your coins just because others are doing so. Instead, find more courage to continue with DCA while the opportunity to buy is still available.

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.

[yhiaali3]

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.

Yes, this is what is truly reassuring in the market, despite the large amounts of sales that occurred by the German government, which led to some decline, but the price of Bitcoin returned and recovered quickly and began to rise. This makes investors in general reassured and gives great confidence to the market.

This also makes long term investors very comfortable that they will receive their big reward after a long wait.

[shinratensei_]

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

People seem to forget as well that after ETF the bottom price of bitcoin will most likely never gonna touch $30k again, because it's simply too low for the value of bitcoin with wider adoption and with all the ETFs existing right now.
so whatever FUD being dumped into the market right now, will not last long, since the demand for bitcoin has increased by significant margin compared to previous bullrun.

just right now about 2 week after this topic was created price already getting back to $65k and despite the news of mt gox distribution through kraken and so on is being published by daily basis through various outlets, it still has no effect whatsoever .

[jcojci]

The bull will comes soon. You don't have to worry and you needs to have more patience for the coming. The price still fluctuating without we know where the price will wants to moves exactly. But we can still accumulate more and more Bitcoin especially if we still have more money to buy Bitcoin.

The price is ups and downs and after we see the price gets correction yesterday, now we see the price trying to increase although it is a small increases. We still have a chance to see the price will go up to the high price and maybe this month the price will gives some surprise to us. If you wants to take profit in the upcoming high price, you can prepare to sell your Bitcoin at the high price you wants.

[Majestic-milf]

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

[Marvell1]

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.
Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

https://www.cnbc.com/2024/07/16/traders-see-the-odds-of-a-fed-rate-cut-by-september-at-100percent.html#:~:text=There%20are%20now%2093.3%25%20odds,to%20the%20CME%20FedWatch%20tool.

[lixer]

"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip).  This, too (unlike the Balrog), shall pass. 😉😎

Everything is temporary with bitcoin. If you are seeing your investment at loss these days, don’t worry it won’t be prolong and in due time, you will come to see your investment in profits. Just stay calm and patient, and never rush into selling your coins just because others are doing so. Instead, find more courage to continue with DCA while the opportunity to buy is still available.

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.

Not just in BTC but everything in this world is only temporary but this isn't something that we should stress our selves out, rather we must take it easy and enjoy things while it lasts. That may sound strange or like an insult for someone whose portfolio are still currently down due to the dump market but what I mean is that we can buy more coins during it.

It is an expense but there are people who are excited for it and they feel great when this moment comes and when they get their hands on their new BTC. Stagnation on BTC is possible and in fact it already happened before. The one that I remember is when BTC is struggling to break $34k. The higher the price we get, the higher the new dip value will be.

[YOSHIE]

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Withdraw as you like, the halving has passed, you have to repeat it in the next four years, for me ETF is just a joke, they don't really dare to do anything to Bitcoin, ETF news only makes matters worse, investors don't want to get into a mousetrap, they prefer to get out and wander.

There is no speculation that really says the market is bull at the moment, many speculations have been put forward but none of them can be relied on, that is a fact, the market is acting beyond speculation at the moment, you shout, do it, that's your right, but remember this year is not a good year for the crypto market in a bull direction, in fact I speculate more towards a bear market, currently the global economy is deteriorating, many investors are on standby, few dare to take risks, remember that.

[stadus]

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Withdraw as you like, the halving has passed, you have to repeat it in the next four years, for me ETF is just a joke, they don't really dare to do anything to Bitcoin, ETF news only makes matters worse, investors don't want to get into a mousetrap, they prefer to get out and wander.

There is no speculation that really says the market is bull at the moment, many speculations have been put forward but none of them can be relied on, that is a fact, the market is acting beyond speculation at the moment, you shout, do it, that's your right, but remember this year is not a good year for the crypto market in a bull direction, in fact I speculate more towards a bear market, currently the global economy is deteriorating, many investors are on standby, few dare to take risks, remember that.

Well, there is really no final announcement that the market is already on a bullish state. But with a lot of speculations all over the market, and seeing bitcoin price continue to regain its bullish price, then it's not surprising that a lot of us here are now convinced that we are almost to bull run.

However, sometimes what seems too good to be true might end up seeing the reversal. We should always remember that the market is always unpredictable, instead of expecting a bullish market ahead, we will end up with a bearish one. My point is we shouldn't expect too much, but should still remain open minded that there are still chances that bitcoin will drop again its price and this time it could lead to a bearish market.

[tabas]

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.

We're already in the bulls. The motion for the past weeks of Bitcoin up to this day is a sign that it has been or even dates back several months ago, there's already the confirmation. But it's that people watch out to the most recent plummets and that's why it seems everyone think that we're not in the bull run yet. And that's the reason why I am bullish because of the 4 year cycle and all of this positive news are just additional and contributes more to the upcoming peak that it is about to show us.

Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

You said it right. Those who have stayed for so long and yet are discouraged by what happened last week/s about Bitcoin reaching near below $53k. That's normal, we've been from the top and went quite low and now back to $60kish.

[passwordnow]

Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon.

Yeah, every drop is just another entry point. For those DCA investors, these drops are the points which helps to achieve better average buying prices.

So how are those people that have DCAed during the time when Bitcoin was so slow and have dumping? There's a lot of increase coming from the bottom that we've seen. Those that were patient and didn't panic deserves to have their Bitcoins and if they plan to keep on holding, then hold and wait until we see the peak or near to it.

Bitcoin market definitely will not stay stagnant for continuous 2 or more weeks hence we will see a clear direction before end of this month for sure.

And here we go, those that have waited for this can look again and think of their decisions if they've done it correctly or still wanting to see the bottom and think that there will be lower of it.

[Ishicryptic]

"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip).  This, too (unlike the Balrog), shall pass. 😉😎

When we are experiencing price dip, the best approach is to relax and wait for price recovery that will lead to price pump. Instead of worry and panic, then rush to sale, the best approach is to buy the dip and wait. Bitcoin price dip doesn't last forever, it's not like one of those shitcoins that stays down and never comes up again, it will always have that potentials to rally and skyrocket. Bitcoin price as of today is approximately $66k, a leap compered to it's recent price that dipped to $56k, so the strategy during price dip should be buy, hodl and wait for bull run, this is the sweet dynamics of Bitcoin that has made it the king of all cryptocurrency.

[bestcoins1]

When we are experiencing price dip, the best approach is to relax and wait for price recovery that will lead to price pump. Instead of worry and panic, then rush to sale, the best approach is to buy the dip and wait. Bitcoin price dip doesn't last forever, it's not like one of those shitcoins that stays down and never comes up again, it will always have that potentials to rally and skyrocket. Bitcoin price as of today is approximately $66k, a leap compered to it's recent price that dipped to $56k, so the strategy during price dip should be buy, hodl and wait for bull run, this is the sweet dynamics of Bitcoin that has made it the king of all cryptocurrency.

It seems like the person you're telling this to also really knows that Bitcoin is the king of all cryptocurrencies so I'm not sure that person would be even more panicked when they saw the price drop. Because he also knows how to take advantage of his time when this happens to Bitcoin and we can also see that there are still many people who want to buy Bitcoin when the price is experiencing a decline and are still willing to wait for the price recovery in Bitcoin. This means that now everyone is smarter in taking advantage of the conditions that occur so that they can still find profits in conditions like today without hesitation to continue owning Bitcoin and forget about other damn coins.

[Majestic-milf]

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.
Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

https://www.cnbc.com/2024/07/16/traders-see-the-odds-of-a-fed-rate-cut-by-september-at-100percent.html#:~:text=There%20are%20now%2093.3%25%20odds,to%20the%20CME%20FedWatch%20tool.

You're right. It's crazy to start harbouring fears of a crash in price if we were able to endure the past weeks. I just have the belief that the best of Bitcoin price is yet to come and this is only the tip of the iceberg.

The Mt Gox incidence really rocked the Bitcoin space and for now all seems to be calm but I won't rule out the possibility of us experiencing something like that, even though it won't be close.

[mirakal]

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

I think having Trump to speak on bitcoin conference, probably this will create another pump for bitcoin until we get to see bitcoin price continue to surge high even more, especially that we are nearly hitting the last quarter of the year which is known to be the bullish time of the year. However, bitcoin price may still experience some price crash before it goes bullish, but rest assured once the correction is over, we will get to see bitcoin getting ready to reach its new all time high, if not the end of this year, probably by next year.

[bitgolden]

I agree that with the way 4 year cycle works, with the way Trump works, with the way how fed rate is expected to drop, all of these combined looks like we are going to have one of those all time increases. I honestly expect to see something like 200k+ being quite realistic, would be around 3x or so, a little more maybe compared to previous ATH as well, which we may reach. I am not saying we will get there, nobody knows what we are going to do, it is not like some certain math, it's unknown and just a prediction.

However, we reached 70k already, and going above 100k wouldn't be enough for people to make a profit from, sure it is some profit, but for it to be a huge bull run, that alone isn't enough. We need to see 200k+ or even 250k+ if we can in order to make that into a profitable business, that way we will do better.

I personally believe that if we really want to make some money, we need to consider the fact that we can make it work by just throwing money at bitcoin right now and we should just wait more and more. If we can do that, I am pretty sure that we are going to end up with a profit, because it looks like the bull run will be a huge one this year, and start of next year as well.