Bitcoin Forum

What do you see here? :o

https://cdn.pbrd.co/images/GzqHUPb.png

Significant uptrend leading to the mother of all bullish pennants.  ;D

Crazy growth, then a little stalling.  But I'm glad I was a part of the exponential part of that graph.  Did pretty damn well, although I didn't have much invested in bitcoin.

And from here?  We stalled a little at $2500, and I expect more upside soon.  Couldn't tell you when, though.

I also see a growth as well in the next coming months. I guess this will happen after Aug 1. I'm not good at speculating but I'm feeling a exponential growth after this date. Maybe Segwit2x will really bring a good impact to the market. So what is next? Buy bitcoin and hold for the long time so that we can all see profits in the future.

Can't argue with that. It's precisely how I see it too. Coiling, coiling...
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The 4 month chart is the first thing I show people who ask how Bitcoin's doing "these days". Then I show them the 2 year chart.

I would love to see last 2 years of bitcoin chart, make a screenshot and post it here.
Bitcoin has been doing so well in the last 4 months, whoever bought bitcoin at $888 and managed to sold it at $3003 are the lucky ones. At least, we know that bitcoin is still in progress and will continue to growing bigger than any other currencies.

From $888.2 to $3003 incredible hope that the price could not decrease more below $2k. this coming segwit nstead what even happen from last 4 months could be the same as this new event coming..
$888.2 too much price drop and i think other people don't let the price down back again.. So expecting more price increase this coming months.
Traders are also wise they are choosing to sell above the present price just to prevent the price increase or getting the benefits of price increased.
Hope we will see a good result after few months . and after segwit activation.

First of all, we have struggled with the $3000 barrier. In this chart it actually shows as $3003 being the top but if you look at coinmarketcap which is a weighted average of all exchanges you will see that bitcoin never actually hit $3000.

After that, you can see clear cycles of boom and bust. The floor is pretty much set at $2000 and the roof is $2800-$2900. I have a strong gut feeling that the price of each bitcoin will again test the $3000 level, and probably break it after the UASF when SW is implemented. Then, just like $2000 is the definitive floor for bitcoin right now, $3000 will become the new floor, and won't be broken unless a hard fork happens.

Even if we look at the last 6 months of Bitcoin, the uptrend is clearly visible. There was a correction after the last halving, a period of lull, then the current uptrend started. Right now, things seem slow but we could have a break out any minute.

As stated from the beginning of the year the growth with bitcoin is quite high, also the chart clearly shows it. The growth took the price to reach several ATH. Though the uptrend has got slow down after the big correction this seems to be the time for resistance gain to cause the next price uptrend.

i see adoption,
i see growth,
i see people finally stop saying $1200 is the end because 2013 was that much and it will fall,
i see Japan adopting bitcoin as a legal way of payment,
i see merchants in Japan accepting bitcoin,
then i see Japanese government removing taxation on bitcoin when you use it as a currency,
then i see even more merchants adopting bitcoin,
then i see other countries like Australia do the same,
then i see other countries starting to think about it, ...

and all this means a stronger buy support each day that passes. and with that a stronger price which will go higher if the trend continues.

But if you look at the volume, the red sticks seem to outnumber the green ones, meaning the selling is heavier than buying. But the short term trend seems to start to point up again, while the long term trend is still fairly on the upswing. Looking forward to $2,800 in a couple of weeks.

You can definitely see that bitcoin price has grown a lot.

The incerase in price pretty much corresponds with government regulations moving into legalizing bitcoin as well. So it's definitely not some sort of unexplained mania, adoption by merchants and government acceptance for bitcoin is at an all time high in my opinion.


Usually there is a few days of bearish market conditions which traders can take advantage of, and then after these few days there will be one big adjustment upwards, and the price stabilizes at a particular level. This is pretty much constant throughout the 4 month chart of bitcoin. Apart from illiquid altcoins this is probably the only way you could have more tripled 1 billion dollars in these 4 months. Not bad.

Bitcoin gave very big growth that none could have thought about. By the year starting users were speculating about the price to reach $2000 and all of a sudden the tremendous growth in count of more than $100 took place and all of a sudden went high nearing $3000. Soon once again the crazy growth takes us to $4000 or even higher.

I almost avoided this thread, I thought that's yet another doomsday thread.
Bitcoin had in the past long months of stalling (actually hovering around some certain prices) and I find that very good.
Now it's normal what we see. Bitcoin will keep this trend until August 1st since people are scared of "what's next". The optimistic ones are buying, the pessimistic ones are selling; there's quite a balance.

If only a lot of bitcoin users are looking at this way.
Problem is they are too much sensitive with a little movement that is going on.
I see a lot of growth in just four months and it ain't stopping there.

That is still at the short-term. Four months aint that long and in just a week of a $300 fall they say bitcoin is dead.  :P

300% growth in just 4 months. Pretty amazing. To some it will look like a bubble but to bitcoin it is quite natural. Good thing it is consolidating at 2500$, it seems like it is amassing energy to push upward again.

one may think that we are heading to 1000 or sub value under that but, you need to account that bitcoin is not a pump and dump in the end, the value can only grow by average each year which is what is happening

maybe a little fast now, so probably a correction is needed, but it's undeniable that bitcoin final goal is to acquire value and not to lose it, and the current adoption premises are clearly saying that another increase is approaching

The last 4 months we had an awesome bullrun!
Barely a day where people were not excited or haven't checked the price ticker at least 5-10 times a day. :D
Right now we are cooling off a bit and doing some consolidation.Mostly hovering around the 2500-2600 area.
After SegWit got activated I believe we continue moving up a while before the debate and fight about the 2x hardfork happens. No idea how the market will react during that time period. But for now I'm still bullish.

The momentum of the upward trend has definitely slowed down. A major reason is bitcoin has never hit above $3000 or at least for long at all, and this has negatively affected the psychological side of traders and a lot have panic dumped thinking that this is the end of the bull run.

In my opinion though there is definitely a new bull run brewing right now. Lots of sideways movement, stability overall in the price, floating nicely around the $2500 mark. Before 1st August we should see some action once again, hopefully this time it'll be enough for bitcoin to climb over $3000 and establish a new floor at that price level before the UASF happens.

When you do draw technical analysis and draw trend line you can able to identify that the movement would be uptrend but there are several pullbacks which we can witness on decreasing prices of bitcoin. If you are lucky enough to get In on the start of the trend then you are surely making some serious cash as of now. Better hold your bitcoin since the trend is going up now.

All I see in that graph you have posted OP is bitcoin having a significant price rise and resistance that will be remembered throughout the history of bitcoin and cryptocurrency. I expect that in the next few months, we will see more people getting into bitcoin and more companies accepting bitcoin if everything will go well by august 1, 2017. If not then we might see another big dump making history repeat itself.

It has been a huge pump since May and it still rising up a lot of people around the world is buying BTC especially in Japan and Korea.
That's why it still significantly pumping.

I seen that these two countries really has the most remarkable btc buying recorded ever, and it already included their bigger whales of their country. The graph really shows how bitcoin performs good journey in the marketplace and of todays latest being monitored, was really having good signs to possibly be rising again despite of the critics against bitcoin. The situation now is getting more hot on those speculators and I think all they wanted is to drop down the bitcoin price, but people is really learning from the past; that's why price fluctuations is more like a heart  beat monitoring like and ECG which really erratic being stable at $2000 and above.

These few months are actualy some logical follow up of recent happenings. More adoption, more legal regulation like in Japan influence positive on the price. That also causes biger demand which influence another positive impact on price. Recent months have realy been good for bitcoin but situation could also change, so it's good to monitor the market and how further situation is developing.

I see a very positive movement of bitcoin. Bitcoin prices continue to increase at any given time, see an almost 100 percent increase. This is a fantastic value and it also seems that the future of bitcoin will be bright. I would probably say that bitcoin prices could reach 2800USD by the end of this month.

Looks very great to me. Adoption, price rise, price rise wasnt followed up by bear move.. Also price seems stabilized since june. Is it calling new bull move? Or not? Will see in a month.

Tremendous progress in  bitcoin.Legalization in japan.Mass adoption in south korea.Huge increase in price.Price rise was much more than expected followed by a sudden drop from $2850 to $2300.Now its once again increasing due to expectation that segwit would be activated in august.

A mountain that hide behind it another big one and another big one and so on. The price just needs a little push to reach the first top in order to break its all time high

I see a chart  ;D

Kidding aside, I can see the foot of the mountain there. Bitcoin is just starting, we will see sooner or later the continuous increase on Bitcoin's price. And due to the past progress of Bitcoin, we cannot neglect that Bitcoin will still go up. Higher and higher, higher that you anticipated. This is just the start, patience is a must.

in the last 4 months of stalled a bit on numbers bitcoin $2500 until recently may be the movement's growth are stalling until bitcoin early August. they will show a peak or from the graph is exponential. Do care enough, even though I don't have a lot invested in the bitcoin.

Looking at the chart we have really come a long way , we have had our ups and down moments...seen bitcoin growth tested to its limit with the network congestion thanks to the spammers bitcoin held up well didnt break till a solution was found and agreed upon. We have also seen harsh decisions in other countries been over turned in these Last 4 months of bitcoin and i strong believe its time for a smooth road for bitcoin

Makes you more excited seeing this kind of graph, but I guess this is possible after SegWit. After that event fees of bitcoin transactions will go back to normal resulting to a price increase of it. So SegWit will sure have a positive effect on us. We better save money and when the time comes, we should go all in and invest to bitcoin and we will have a huge profit holding it.

I totally agree with this we never set foot to the $3000 mark value, and I can see some resistance going beyond that and pretty well can see that the safe zone is at the $2000 mark and bitcoin will never ever gonna go down beyond that either, and yes just like you have said that $3000 will be the new floor if we can make it and never let the hard fork to happens wish this years gonna be a great start in staying in that mark value.

All people are hope SegWit success and can make the price rising up too. But I scared the market will go against our think, maybe SegWit failure and the price will fall down to 3 digit USD like end 2013 - begin 2014 happened :-\

SegWit itself will definitely not disappoint. However, people are afraid that certain miners will follow their own route in an attempt to take control over what they think is theirs. If this becomes reality, and there is a chain split as result, we are likely going to see the price fall back a few steps, but eventually we'll overcome this without any problems. Look at it from this point -- if the miners that kept blocking SegWit for ages indeed end up supporting an altcoin, then we have less obstacles to worry about in case another enhancement needs to implemented. It might not look like so yet, but eventually we will look back happily.

Correct. This is perhaps good and may end like bad at the end. Im not hopping to see price fall on the other side I expect to see price go up. Maybe we wont see it at the start of it maybe it will have to pass some time maybe weeks or months but we will see huge change in bitcoin price. Im just hopping it will be very positive.

Tremendous improvement in price from $2000 to $2850 and a sudden fall in price to $2200.A dramatical change.Legalization of bitcoin in japan which lead to huge demand for bitcoins in japan and increase in price of bitcoin.Sudden increase in adoption of bitcoins in south korea.A U turn decision taken by government to legalize bitcoin which was first discussing to announce bitcoin as illegal.Now,rumours that hard fork would occur after august 1st.

But it seems that we are no longer there

And, in fact, may have never been even close to. What I mean to say is that we may not see SegWit a little (or a lot) longer than we first thought. It looks like miners will have it their way, i.e. no SegWit and no Bad Blocks either, something which they actually went for despite all their rhetoric and fear mongering (SegWit2x proposals and hard fork threats). The current state of affairs suits them most, and this is what their actions are and have always been aimed at (however counterintuitive that might appear)

Probably it will be even more impressive to show them the chart with the full history of bitcoin, yes, there is going to be that huge crash that happened but it also will show that despite that bitcoin has recovered and become even stronger since then.