Is the Bull Back?

in bitcoin •  7 years ago  (edited)

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Just around 2-3 hours ago I checked the Market Status and it was still the Plain old thing of the Price of Bitcoin at around 6500 USD.

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But another look at the Market Status is a surprise for me there is a sudden Rise in the Price of Bitcoin and the overall Market itself. The Price has increased close to 1000 USD in a matter of Hours.

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Now it clearly looks to many if you that this could be the Run we were waiting for but you should tread Carefully as this also could be a BullTrap as many People's might want to take in some Profits in this Run which could lead to a certain Decline soon.

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If you are not short in Cash I suggest you Hold your Bitcoins and watch for a Day.

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Too much too soon can never be sustainable..

Words of the Wise my Friend.

Anyways I won't​ sell a Single Satoshi unless the Price is over 15000 USD.

good call - I'm not selling any of mine either -

I wounder what news has pushed the BTC so high within minutes. the volumes has also been doubled as compared to last few days.

It's pulling back now. It may not retrace 100% but usually when price rises so fast, it comes back down just as quick.

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Indian government not welcoming cryptos yet. This bulls run can't help us greatly because Indian markets may not move with the international markets. Everyone will try and encash their investments.

No, not yet. what you are seeing is simply a break of a trend that is causing the bounce, of which you can make some good coin off of, however before the major bottom we will need the puke lower

https://steemit.com/bitcoin/@heyimsnuffles/rebtc-chart-about-to-see-rip-city-here-as-called-in-the-linksteemitapp-ios

I love when many people miss a large run up because it happens so fast, they miss out. Then all the late FOMO buy ins cause another big run up!

Yes. I will enjoy coming bull run. Bull Run is start. Now enjoy Bull run every cypto lover.

When moon?? lol

No, it's just International Day of Human Space Flight today. Bitcoin just thinks it can into space as well.

We should see a retrace but looks like bull sentiment is higher right now, lets wait and see

thanks for the market update- I stopped looking at the daily bitcoin price because it is too volatile - I was shocked when I saw it down to $6900 this past weekend - I think this uptick is just people trying to catch a low point - what do you think the price should be at? In other words - what price do you think would make a good purchase point?

Whatever amount I choose to buy bitcoin, its price always dips below that amount! Why is this happening with me???