BTC prices rise suddenly, is it a sign of BULL?

[dragononcrypto]

I think it's too early to say if a bull movement has started or not.. let's see if in next weeks prices will continue to rise to have a better idea of what market is doing.

Agreed, we haven't even had a daily close yet to given an outlook on the comes days, let alone weeks as you say.
It seems very much dependent on Tether FUD at the moment as to whether the price holds, but the charts are the charts and the immediate bearish outlook has been negated by the looks of it. I think the closing price of the day should shed more light on the prices future direction.
Check out this graph for historic USDT and USD imablance (based on Bitfinex/Bitstamp): https://www.altcoinstalks.com/index.php?topic=62557.0

[backfirst77]

This is the effect of the news about USDT that makes bitcoin rise sharply today. But this is not necessarily a sign that there is a bullish trend. We see that in a few days whether it is still up or down. But I hope this can be the beginning of the current increase in bitcoin prices.

[dragononcrypto]

I came up with one theory for anyone interested: https://www.altcoinstalks.com/index.php?topic=62600.0
"High volume and overbought doji theory"

[Zed0X]

We've seen it happened multiple times already these past few months. Not enough volume yet to consider it a start of a bull season. Let's see what's gonna happen in the next few days.

[ayatoslaw]

this possibility is a way for me to attract investors to rejoin bitcoin because bitcoin has been decreasing for a long time and developers are trying to revive the price of bitcoin

it could be, right you say, after yesterday the price of btc fell very far below 6000 usd, now after the issue of usdt, btc rises again,
and it could be that this scenario has been prepared since the beginning.
but whatever is behind the incident, I'm sure the bull market will happen again

[asrafmasyur]

I don't understand whether there is a bull market or just a bull trap. You can see the increase in BTC prices without good news. I think you need to be careful to buy BTC now.

[Puncak_pelangi]

I think and I really hope that this bitcoin price will really rise and increase, because we know that bitcoin has been on the basis for a long time and this is the time that will actually increase the price of bitcoin

[rsremove21]

yes yesterday it reach 7.6k usd but suddenly it came down again. i dunno what happen to the price of BTC  but i believe the bull run is coming sk be prepared

[Mbah Jenggot]

today the price of BTC suddenly rises, there are those who say because the issue of USDT and BTC rises to 7500 USD, even in other exchanger there are up to 7800 USD per btc, is this a sign the bull market will occur? or is it just drama market as usual and finally falls again?
because for a long time investors and bounty hunters are waiting for BTC to experience bull once more.

Yes I think The bull market will come soon. By seeing the market conditions, Bitcoin is recovering slowly. We will see.

[hannyluv]

well we are are anticipating for a bull,but we need not rush it. The rise is a good thing but we could only conclude when it stabilizes and keeps increasing, for all we know we would wake up to a drastic fall,and i pray it doesnt happen.

[Pupus]

the btc prices are rising and if this continues to rise then it will be good. after a long time we wait and finally the btc price rises again. but we also have to be vigilant because the price of the btc may fall again. we know that the price of crypto in the market is unstable.

[wokee12]

Happy to hear that, yesterday im late to buying bitcoin in kraken eith price $6400 and sell them in binance with price $6800, yeah its seem bullrun

[fritzbitcoin]

I am glad to see green changes, but it still is is premature to have an assumption that we are  bullish again. This year we  experienced a lot this kind of scenario.

[twothumbs]

And if this continues, then we can see the price will break the higher price so our profit will bigger than before. But be careful because the situations still not unpredictable and we don't know how long this will continue. But yes, we have new hope for this, and we can expect to see the higher price later.

[88percent]

I don't know what a sign. What was clear yesterday was that the increase in Bitcoin and other coins made me nervous and also pleased with the good increase and the sudden arrival of this. Hopefully other Bitcoin and Crypto can go up and up again to the maximum point. I am here to always pay attention to the market situation and try to follow it.