Is Bitcoin at $76000 a Bull Trap or Just a Dip?

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shard_2013Full Member
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#1Oct 20, 2018, 06:50 PM
I saw some talk about $76k being a bull trap. What do you guys think? Is it really a trap?
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mr_bearNewbie
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#2Oct 21, 2018, 12:16 AM
Honestly, everything feels like a potential trap if you stare at the price all day. It’s just some normal pullbacks, nothing too wild. We’ll see more ups and downs before the market picks a direction.
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#3Oct 21, 2018, 05:48 AM
Too many opinions out there can really mess with your mind. I stopped reading all those predictions. Been saying since March that a bullish reversal was coming. Gotta pay attention to the signs.
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john.cipherHero Member
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#4Oct 21, 2018, 10:59 AM
I’m not convinced Bitcoin is ready for a full bull run yet. Even if it breaks past $76k, I doubt it’ll stay there long.
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whale420Senior Member
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#5Oct 21, 2018, 12:23 PM
No bull traps here. $76k was retested, and then it dropped to $74k. A real trap would need a breakout above $76k followed by a drop.
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#6Oct 21, 2018, 05:37 PM
Nah, it’s not a bull trap. Bitcoin just dipped to $73,935 as I type this. People are taking profits too quickly, causing these dips.
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#7Oct 22, 2018, 08:21 AM
I still believe the bull run won’t start until Bitcoin dips below $60k. We’re seeing some gains, but I think we’ll correct again before really going up.
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th3_h4wkNewbie
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#8Oct 22, 2018, 01:01 PM
Could be a trap, especially when everyone’s getting overly optimistic. No fear in the streets now, but wait until the market shifts.
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stake2009Member
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#9Oct 24, 2018, 09:37 AM
If you’re chasing short-term gains, yeah, you might fall for a trap. But with Bitcoin at $74k, it’s not all doom and gloom. It could still rise further.
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Ba5edGuruFull Member
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#10Oct 24, 2018, 03:46 PM
We’ve seen an uptrend since that dip in February. The latest price action shows some sellers, but it could still bounce back.
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seed07Senior Member
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#11Oct 24, 2018, 06:26 PM
I feel like it’s a trap too. Bitcoin isn’t ready for a serious breakout. We need to see it surpass $90k before I believe a trend shift is happening.
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max365Newbie
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#12Oct 24, 2018, 09:49 PM
It’s normal for speculation to rise when prices change quickly. Bitcoin has faced resistance multiple times, and this recent jump to $76k is no different.
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farm2013Newbie
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#13Oct 25, 2018, 01:51 AM
The pattern of Bitcoin rising lately feels like a trap. A dip after hitting $76k isn’t unusual, but I still think it can recover.
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fudbusterSenior Member
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#14Oct 25, 2018, 03:34 AM
Let’s keep an eye on Bitcoin’s movement. After hitting $60k, bouncing back to $76k feels like a resistance zone to me.
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#15Oct 26, 2018, 12:58 AM
Not sure if it’s a bull trap or just a surge. Bitcoin can jump even in a bear market, but that doesn’t mean we’re in a bull phase.
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fudbusterSenior Member
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#16Oct 26, 2018, 01:44 AM
I see this as a normal pump. Bitcoin’s slowly gaining, but a long-term bull run seems unlikely soon. The market’s not bullish yet.
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atlas100Senior Member
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#17Oct 26, 2018, 04:24 AM
If $76k is a trap, it’s safe as long as we stay above $70k this month. That’s a bullish sign for the short term.
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0x5ag3Newbie
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#18Oct 26, 2018, 10:04 AM
There needs to be strong volume to push Bitcoin higher. If volume is low, this could indeed be a trap.
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chris_gasMember
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#19Oct 26, 2018, 02:17 PM
Looks like a bull trap to me. Some traders jump in without analyzing, only to get burned when prices drop.
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0xHawkMember
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#20Oct 26, 2018, 07:20 PM
This could be a trap since $76k was hit so suddenly. We shouldn’t assume a bull run is starting just yet.
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