Quote from: rodalutor on September 19, 2018, 05:18:42 PM

Breaking 6300 is no indication of any bullishness. The fact there is resistance at that level should confirm we are still in a bearish period. We keep seeing lower highs and lows so negativity is still on the cards although the momentum seems to have slowed.

As long as we are even still inside the wedge for bitcoin I would say there is nothing to be bullish about at the moment. I hope this would not be like a repetition of 2014 where bitcoin would move sideways for a while before going back lower, and within this period, the altcoins will be making some ATH statement on their charts. I guess at this stage, only time can tell how things would pan out. I would be more bullish on bitcoin if we are able to break $7k at this point and stay above it for a while.

Quote from: bitcoindusts on September 20, 2018, 10:37:27 PM

Breaking a little over $6K is no indicator of a bullish season. It would take more than that to declare that the bull started running. And a good indicator are altcoins on the rise too. Once bitcoin goes bullish, it will surely make the whole crypto economy go wild too.

The thing with a market is that things are not bullish until you have a clear signal of bullishness which in this case of bitcoin, the fact that we are still inside a falling wedge, which is usually considered bullish anyway when you break out from, but still inside, the market is still as bearish as ever. Sure, we have seen some pretty good bounce lately in the $6k region, but how far we go is only going to be known with time, and let's even close above $7000 before we start considering anything.