Quote from: srp24493 on August 16, 2018, 08:15:51 AM

Quote from: dothebeats on February 17, 2018, 03:17:46 PM

Quote from: DAOista on February 17, 2018, 01:57:28 PM

Quote from: Altcoins enthusiast on February 17, 2018, 10:21:19 AM

I think personally, the downward trend is over when bitcoin push above $10,250 and $10,850 this morning! The bullish trend has been trigger and bitcoin is going to break the December high of $19,000 and move above that level towards $25,000 before we can see another major bearish again. What did you think?

If you look at the long term price behaviour, the recovery from 6th Feb up to today is not yet as large as that between 22nd Dec and 7th Jan.
The character of the Bear is not yet broken. Once we get some way above $11,000 I will be more convinced that we've turned the corner.

But looking at the current charts, there are no signs of bearish activities or any patterns that may suggest that the bears still have the momentum to push. The bullish push might seem weak, and I totally agree with that, but as long as there are no bearish movements in the market, it should be fine. We all know that this rise could be another trap, but it's already 2-3 days of solid price movement going upwards, and usually traps only appear for a couple hours before the bears pull it off and cash the losses of others but in this case, it's just smooth sailing since Wednesday.

Wouldn't be overconfident in here, but it seems that the bears' grip at the market have already weakened.

Read both your arguments and both seems to be right. In my opinion, I would not consider bitcoin to have entered the bullish phase until it crosses the $10000 mark.

There are some legit problems with people. We never let bitcoin go upwards. Although we all have such desires to see bitcoin at top of price list and huge price rates as well but what is our contributions? Do we ever had thought about it? Whenever little disturbance is seen in market, we start losing our trust on bitcoin and selling at non-suitable rates. This let bitcoin fall.