Bitcoin Forum

Price is starting to climb, weak hands have been shaken out, whales made their money, people diving back in, strap in and get ready for liftoff

i hope so.
but i can't help but feel it is too soon to rise back up again. the dips usually take a little bit longer than just one or two days at the bottom. we may very well see $2000 tested again and another stable accumulation phase.

Looks like the price today was increase back hoping that it will increase more soon.. and i think that is why the price of bitcoin was decrease there are still whales trying to dump their bitcoins but looks like they are not successful the price still increasing this time again.
And i think this coming few hours someone will dump but it will increase again back just check the movement of the price today in bitcoinwisdom.

it is surely going up soon, because the recent dump is just a form of 'breathing'; in order to let the bitcoin higher and more stable on its price. even china won't be able to continuously pump it, else china would go bankrupt. btw AMD cards are being sold out for mining bitcoins; most likely because of that fever in china. let's see if bitcoin will go far up again.

Glad to see it back up.
Blessed are those who have bought at the right time when bitcoin gets lower in price.
I hope I have the spare money to that too. But all are invested now and all I can do is wait and hold until it reaches the price that I really want.  ;D

Sell while you can and take profits, good deals always come around to buy back in.

Of course you can wait for the price to reach your target if 10% chops are not your kind of deal.

I think it will start going up strongly again soon but its too early to tell if the dump has completely ended.

I doubt that very much.
Based solely on TA we will see a small recovery and another big dump that would take us to 1500-1700.
Selling during this small recovery seems a smart move.

QUACK! QUACK! I was planning on waiting it out a bit longer - but this is very bullish. :D

I agree. I think the price will dip down to around the $1500-$1700 range and hang there for a while. I just don't see the price sustaining at over $2200 at all. You never know though. Things happen that are hard to predict. Especially with Bitcoin..

for bitcoin it is never a good idea to sell on these come backs, because most of the times these come backs are the bottom price that we are going to see for a long time and depending on what happens after it can go up or down and either way selling means you will be screwed for that time period!

If your trading bitcoin like I was, your balls are quite literally in your throat, but I hodl ! It was a rough ride

Yes. It looks like the price is climbing back to $2200 now. I  guess the panic buying has subsides already that's why the price is going strong. I hope a lot of you guys were able to buy bitcoin back when the price is below $2000 because it will take long before another dip will happened.

Ahah, when everyone thinks something will happen, the market does otherwise :p

More logically I think we'll see a recovery and a stabilization.
There is no reason for the price to go back in the 2500/2800
It's not because we all want it that it will happen.

Based solely on logical facts the huge rise was a bubble, it popped nicely and now we recover parts of the price. We'll probably have a small constant variation from now on for a long time. Ready to play ping pong gentlemen?

Totally agree with m0gliE. If everyone agrees that this is a bubble, then it burst nicely and soon we are in the road to recovery. From time to time there will be some correction along the way. But what is important now is that it looks it is on the recovery phase and we may see new ATH in coming months. And for those who can't handle a scenario of ping-pong then better find other alternatives for you to invest because bitcoin is very unstable and will likely continue so and you don't want to have headache seeing the price dip when you wake up in the morning.

We have already recovered most of the ground lost, this is a correction and not a bubble bursting which usually means a long bear mode. One cannot expect bitcoin to go up super fast as it had in the past weeks without some corrections along the way, it also acts to prevent a bubble from going out of control.

well those who understand the drill already profiting about this fluctuations, buy when its down then sell when its rising then re-buy it again afterwards this scenario is always present inside bitcoin trading just be very observant and try to study deeper how the flow of movement work out in order to go with the flow,  bitcoin is back on track so weak holders and newcomers for sure has been slaughter from this game of survive.

You must be right. We are back on track. I too could not find any proper reasons for recent down fall. But this is not first time, we are facing such sudden down fall with bitcoin trading. Volatility is always big part of bitcoin trading, and being a common man I have not got panic nor not losing any faith toward bitcoins. I just make of use that down fall and bought few more bitcoins. I guess we are now heading to $5000. I am very much confident, it may happen any time in June.

Well we will really see if the price of bitcoin would reach the unexpected again? and I would surely wait for bitcoin to reach up to $3000 dollar I hope it really would this time, and because the price didn't let go with the $2000 value mark, I think that it would really go straight up this time, and if there are no resistance anymore because of the unexpected selling and converting of most people that is why the price fall back!

it doesn't have to be like that!
you have to pick a good timing, that's all. for example before this when price was rising it was a good idea to get in fast and as we got past $2500 you should have started looking for exit price and then sold somewhere near the top.
again when it dropped you should have made sure to buy below $2000 preferably at the bottom, but we don't always get what we want. so even buying at $1900 meant a big profit with nothing happening to your balls position ;)

right now $2200...

Too soon to know if this is just a rebound or if the price will stabilize now. I would bet for the second option. A new rise in price to reach $3000 its impossible right now after this last strong correction, investors need to feel confident that it will not happen again.

As expected price would really get back to its natural rythm and red state unto it is just a little reminder that we need to be more carefull and look for its burst, To kucky for those people who bought from bad dip on past days but still we are lucky since our profits will risen up again if we exchange our btc into fiat.

3000$ price is truly visible at this point since the expectation of btc legacy is continously rising at this point.

Al tough that recent correction of price from was legendary high he overall trend is still bullish.
There is strong support at $1900 and we see that price will soon climb back and reach $2200.
Nothing to worry about, BTC is strong and next price race will probably create yet another crazy ATH.

I think it's going to be a bumpy ride for a while. There will be ups and downs most likely for a while before the price stabilizes.

OOpsie.

Market is very volatile for current week. You can see strong support line at 1900$ which will not let price to go down from this level. Bitcoin price is rising with weekly uptrend and correction waves already changed it's impuls to uptrend. IMO we passed temporary decline during uptrend.Fingers crossed for 3000$ ;)

Yes and it would seem that Bitcoin will start to board on a rocket. Based from the recent price of bitcoin, it surpasses the all time high reached by bitcoin last May 25, 2017. So I guess this means that Bitcoin is on route to the moon. A nice news for all bitcoin investors that seek profits from bitcoin and not to mention all if bitcoin users.

Reference for the price: https://coinmarketcap.com/currencies/bitcoin/#charts (https://coinmarketcap.com/currencies/bitcoin/#charts)

Don't get too excited mate. Sometimes too much of pumping in a short period of time isn't necessarily for the good of anyone in the bitcoin industry. It's a good short term income for everyone, sure. But it simply does not make bitcoin better. It does not reduce the transaction fees which are skyrocketing, but in fact increases it. Nor does it unite anyone over the looming issues of forking.

It's probably going to go down real soon from this point.

Honestly I can't see it going up by $100 every singel day. Just crazy stuff.

In the past week other than very few altcoins most cryptocurrency were in the dip and bitcoin too underwent correction and now everything has started to move with right phase from the beginning of the week. As a part we're nearing $3000. So as mentioned we will be sustaining above certain good value rather than moving down below $2000.

Weak hands are never really out of the game. Some investors will always sell at ATH, that is the nature of the market.
Price of bitcoin is higher than ever, we need to be ready for higher spikes as well. $100 daily is not that much, considering that bitcoin is closing fast to $3000.
It is not the sign of a bubble, it is standard market evolution.

Liftoff commencing, followed by a swift engine failure and then a plummet from 500,000ft. This is gonna create a bubble. Peak will be $4k-$5k, or at least that's my prediction.

The price wont crash as you predict,but the growth will sustain for some time but that wont be the case with all the alt coins and if there is a fall all the alt coins will bear the hit,lets see how long this rally continue until we see another minor correction because that is how the market works for the past few months.

Why do you predict this despite the fact that Bitcoin is exhibiting similar movement to what it has done before it has crashed many times in the past? It always does, over and over again.

the price rises with the uptrend bitcoin downloads and correction of wave impulse is turning into an uptrend, so that we can get through the downturn while the pad eventually up again, I hope the prices ascending as expectations continue bitcoin us all at the end of this month reached $3500

I guess that correction has already happened from $2933 to ~$2740 and might be dead cat is jumping just before correction continues. I too expect prices to stabilize some where between $2500 to $2800 for some short period of time before finding another strong rally toward $4000/$5000 levels.

It's not a correction, and also not a starting correction. If you look closely, it's just traders cashing out some profits, where after that the price will continue to go up. Demand is simply too strong to fall back to the extent of it being a correction. I think that the chances are over 90% that we'll touch the $3000 level for the first time ever, this week. I just wonder if we do happen to touch $3000 this week, or later, how long we can maintain that level....

me with your opinions because bitcoin will experience a price increase reached $3000 later this month, and I am sure the price will be stable after rising bitcoin this time, so will be making its own advantages for the user