Bitcoin Forum

Seriously...

https://i.imgur.com/OndK9IM.png

It's like we're being tricked into thinking that the bear market is finally over...  ;D  Could end up in another wtf moment with our pants down.

I'm not confident as well with these increases but that's it, if this is just a trap we will know but if this really is the end of the bear we will also know about that. It's another time to prove that when bitcoin goes up, alts are also going bitcoin's path.

A Christmas rally and wants people to have another great holidays..

I also think will grow more next year and not now, because Christmas is coming so i think a lot of people will sell, and i think we need to see bitcoin price over 4000$ before the bull run will start. Anyway i will hold what i have and i will get more coins under 4000$.

You know something's up when people are starting to be suspicious instead of hopeful, so I'm sort of with you on this tokeweed. I mean, a recovery now is unexpected, and how else should we ever expect Bitcoin to move? Christmas bonuses used up to buy more Bitcoin? Doubt it. Bull trap? We've had plenty enough. The volume isn't too shabby either, so I am wondering what's going on.

Be real surprise to see it break 4k before the new year, but even if it does, our journey in the wilderness won't be over just yet.

I was expecting a strong correction to the recent downtrend (https://bitcointalk.org/index.php?topic=5076667.msg48694087#msg48694087). However, I'm definitely not assuming the bear market is over yet, at least not until I've seen signs of reversal and mid-term uptrend on the longer time frames.

I like the way shorts are rising and longs are plummeting. It looks like we're near a local top, but I don't think this move is done yet. This should go at least to the $4,000s in due time.

bitcoin may close 6500 usd  Before the end of February
Maybe 3200 it is the bottom
buy it now and Stop thinking negative The biggest bull in history

I am pessimist for the past few weeks but I have to admit the past 2-3 days have been great. I would like to see it continue to give a new breath to the market, it will encourage people to use crypto again. The question is still the same, how many time will it stay continue like this. And who if then we will go below the 3000$ since recently the increases have been lower than the decreases.

I don't think anyone would think it's not gonna drop again, at least I would hope not. This will likely be a many-month bottoming out process that just got started a month ago. There will be volatility during the bottoming out. Look at 2015, if I remember correctly the price twice rose from about $200 to around $300 during the bottom before bitcoin finally started a bull run later on. Those were 50% gains that evaporated away during the bottoming phase. 18% is nothing, that's just crypto volatility. I'd expect a price range between 3000 and 5000 for at least several months.

The biggest bull in history? It's always all or nothing for some people. Moon or doom! Maybe that's why BTC trends so strongly, whichever direction it chooses.

My thoughts: we've hit a local top here and breaking $4,000 properly will take some time. I'm looking for some bleeding down into $3,400-$3,600 and more shorts to build up. People will probably get pretty bearish during this time. And then we'll have another leg up. :P

$6,500 before the end of February is optimistic but possible. I definitely don't think price can sustain there though. It would end as a wick on the longer term charts. Too many bagholders need to sell.

I am not buying this recent rise too, knowing that many have been lured just a few weeks ago when the price climbed back to $4000 only to lose its footing and slid back to $3200. Good thing I haven't bought anything in the past few days though I'm somewhat amazed that the price has gone up for a few days now, knowing that a lot of people could already be on their vacations and no one would be trading during the holidays. If this continues up until the end of the year, we now know that 2019 would be a blast given the number of lined up launches and expected activities for the said year, but I'm not calling it done yet.

I am not taking any increase seriously until we break $6000 and continue to hover above that level with good support on the lower side if it's about to fall back down. As long as that doesn't happen, I don't rule out a sub $3000 visit. On top of that, I don't mind scooping up some sub $3000 coins if we happen to fall that low. The market has turned into one pile of rubbish already, so it can't get much worse than this. :D

Altcoins lol, they still look like there is plenty of bust room in them. It's crazy that XRP has kept up this well during what happened this year, but then again, they didn't had to suffer from the ICO circus sale that affected mainly Bitcoin and Ethereum.

yesterday's price increase is a very positive thing for bitcoin, I hope this price increase does not stop and continues. we only need a little patience to see the bull.

the bear market has been over for a couple of months now and the fact that price dropped below $6k doesn't mean it was the "bear market" that caused the drop. it was instead pure manipulation that caused a crash and crashes are not equal to being in a bear market.

this is also NOT a huge price increase. it was indeed a small one. a huge price increase would have been going near $6k and try to break that resistance which is clearly not happening.
with that said if someone interprets this as "huge rise" and then pulls his pants down then it is their own fault!

how can you tell the difference?


we could be well on our way there. i know masterluc expected a retest of that area even if we were eventually headed for sub-$2k.

i'd say a 30% gain over 5 days is pretty impressive, and very lucrative to trade. not as impressive as november's dumps, but nothing to sneeze at either!

Bottom could be in toke, you should have BTFD a week or two back ;)

I'm also not buying this huge spike in the last couple of days. Although as of the moment the price continue to increased and we have just broken $4000. Maybe this is a bull trap before the final capitulation. But I will still remain cautious, too good to be true so we don't need to celebrate yet.  ;D

I completely agree with the above, price is still far away from 6000$ and chances are bigger for return back then for recovery. However something has caused a price increase in last few days, maybe it is related with BTC ETF new date approval (VanEck SolidX Bitcoin Trust 29 Dec. 2018), or Bakkt finally started to affect the price?

Whatever is the reason for this price increase it is good to see some positive moves, it is holiday time and people will spend more BTC if the price is higher. Now is very close to 4100$ on Bitstamp and 4200$ on Bitfinex.

The price increase may not considered as huge in the crypto terms but this maybe causes a thought on the people that this is going to e the end of bear market like I have though when the prices cruising at $8500 from $6000 few months back so be cautious now.

I'm not taking this seriously. It could be a good sign but also it doesn't have to be, maybe it's just false alarm that the market is recovering and the very next day the price could go down again.
At the moment I would say this is still far away from recovery or some bull phase so let's be patient and see what will happen in the next weeks. I wouldn't hurry with any conclusions.
Still I think this might be the opportunity for day trading to quick win some profit.

Same feelings here, I don't think it is a real bull-run, the timing is just not correct, usually in this last few days in the year we have a little bearish market, something is not adding up, but still, I can't deny that seeing green still makes my eyes glowing it is something we are missing for some time now. :D

Santa Claus is real, BCH did +35% in the last 24h  :D Time to send your letter to Santa before Friday to ask the same for BTC.


The $6000 line could be hit for the end of the year at this speed. I didn't know about the new date and I hope it isn't the reason (or Bakk)t because it would be totally insane. Just a useless date and people act like a sheep and jump on their wallet. It will be just a speculative trend and we'll go back perhaps lower then...

It could be end of bear market but it is unlikely in my opinion, but I am happy to see some green days in this blood bath.

I think that 6000 USD per Bitcoin is good shorting position. We will see...

I believe hope will be there, the decline in 2018 makes us tired of the decline that makes sadness. I believe the market in 2019 will be able to recover, and will allow cryptocurrency to increase.

It may rise after this move. But I am doubted. What if this about Bull trap? I don't know what should I do right now. It is difficult decision right now for all of us.

Today the price of Bitcoin has experienced a tremendous increase. I noticed that the increase was more than 500USD. This is a good sign that Bitcoin can recover prices and try to reach levels of more than 6000USD. Though usually on Christmas there is always a decline, hopefully this year will be different and there will be an increase again so that Bitcoin is trusted again by many people.

could this be a dead cat bounce situation?
anyone who wants to accumulate some BTC, should've done it when it was around ~$3200
buying when the price spike high in short time would be unwise... it always followed by a price correction :-X

Now people are going to be angry that they didn't buy at 3k levels.  I keep telling people it is nearly impossible to time this market and you should always cost average.  A lot of speculators were too greedy and were waiting for 1k or 2k bitcoin to be hit again but it looks like that will never happen.  I think the upcoming year will have tremendous growth back towards the all time high.

As the majority of respondents, I don't think we are at the start of a bull run. However, I must admit that it's nice to wake up, take a look at the price and see that bitcoin gained something, not lost. It would be really good if the $4500 barrier was defeated by the end of this year, so that we never return to these terrible prices. But how long this $5k-$7k thing will be going - that could take another year... Let's hope it won't and that 2019 will be a good year for the crypto market. The drop below $6k was kind of unexpected and unfair, so perhaps we'll at least see something like $6k soon.

I only see a small price recovery, before we were in the $ 6000 and the price started to drop a lot and so now he took a breather and rose to $4000, and it is very probable that it stays in this region between $2500 to $4500 until the end of January and then with BAKKT launch the price increases to levels of $ 6000 to $ 7000 and is gradually increasing. I do not believe that the price will have big increases and fast like last year. last year's price increase was pump and dump no offense


I remember hearing that someone killed himself because the price fell a lot. I do not remember the source of this news

This would be their fault if they din't bought it because it was clear that it is bottom out and not much drop could happen . So those who wanted more drop will keep on waiting now for that price to reach as btc has moved to 4k+. Those who had being buying will gain eventually and those who take risk will be rewarded finally.

Yes, look at BCH its unbelievable. The entire market is pumping and really good to see the change I guess we are nearing to the bull run, here is a genuine example for sudden pump and we saw the dump last month. That's the reason a lot of them say crypto is unpredictable.

I wouldn't call them greedy, I mean, almost everyone in the crypto space kept saying that the real bottom was going to be sub 3k so for all of people it was the right move to wait for those low level, especially with the current market trend which is still bearish.

With the current trend, we could see 4.5k this week or maybe next week, although I'm still not completely sold on this uptrend, it just came out of nowhere. About the 5k-7k, we have a couple of events early next year that could trigger a bit of btc rally so I wouldn't be surprised if we hit those levels in less than a year.

Of a truth I did not expect bitcoin to go as high as it went this two days.  The current bullish trend is really very impressive and it is a sign that cryptocurrencies market cannot die but remain with us.  I read a speculations were some said bitcoin is not going to cross $4000 this year again but thank God it did.

I fail to see the "huge" increase here. We are still around 4k, and still in a bear market.

I see a bull trap here, actually. Its similar to the rise from 6k to 8k, which happened some months ago.

Huge price increase would be if we had got to near 10k, all of a sudden.

bulls don't really want to see that. anything that happens so quickly will end as a brutal wick. it would just be an empty short squeeze that would precede another crash.

in a typical wyckoff reversal, what we want to see is a strong bullish reaction off the lows, just like this---bullish engulfing, strong volume rally into resistance. if the market can consolidate and hold support without new lows now, shorts will pile on and help propel us into the $5000s.

if that plays out, it'll look like "phase A" of an accumulation schematic. dmwardjr's model has been spot-on so far, check it out: https://www.tradingview.com/x/l8BeQtyp

This is the problem 2018 bear market created. I have cashed out all my bitcoins and now waiting in fiat to purchase back when the price falls back. Like I know bitcoin will ever drop or not, I have no idea if the price will go down again, why do I feel like this increase is fake and it will go down again than ? I think 2018 created an imaginary situation in our minds that if we keep on believing bitcoin will rise we will be hurt and it will go down because that is what happened in 2018, so even when its going up we can't really get ourselves to believe its a bull run.

As long as people do not see any increase as a blessing and start believing its a good thing than we are going to fall back anyway. The pessimistic approach to the price we have right now because of 2018 will continue for a while and will definitely affect the price as well.

The only "people" who will be angry because "they" were waiting for "$1000 or $2000" that did not come are the whalecummulators. I believe that this is a pleb's rally, it will be crashed by "them" again within two weeks. 8)

This seems like the most likely scenario now, the price will fail to increase further which will soon trigger another crash, perhaps we'll even go below $3,000. I've already sold a small amount today and will probably sell more later today to buyback after the crash.

1 year after the ATH is just to soon for a new bull run and I expect cycles to become more stretched in time as Bitcoin matures, so this pump looks just way too suspicious.

Possible since they have the ability to do that and they would already be in profit just from this current run. If what you say comes true, then we still have time to enjoy the profits we're making from buying last week 😃

There's a decent chance that's where we're headed. Or close to it anyway, upper $5,000s area. That wouldn't mean the bear market is over though. It would probably be an excellent selling opportunity. Just imagine how many bagholders must be waiting to sell.

The chances are very high that we'll revisit the $3,000 area eventually.

Bitcoin price fluctuations continue to occur in these two days starting from -4.08% to reach + 3.65% meaning that it is clear that the price of bitcoin is struggling and trying to rise to find the best price, for me this is the best fluctuation rather than previous price movements. $ 3000 might happen, because at Christmas time there will most likely be a lot of sales going on here and there, but after that it might also be the last bearish.

Totally agree wirh you bro. But we hope the price of the cryptocoins will really increase the value. The end of the dump market is gone I think but once the people panic again we expected the price will fall again and maybe it will become more worst.

I think this is only a slight growth of the market. because it has gone down more than this growth. This is just a signal that increases investor morale. The whales will not want all investors to leave the market, so they decide to pump crypto.

What's been happening in the cryptocurrency market is a sustained growth. When the price was around the same value users were speculating that it'll reach $6000 and $10000. To the expectation, surprise growth took place taking the price reach $20000. With this anything could happen unlike the time period. We need to be prepared to meet the pumps and dumps.

mainly based on the type of the drop. it was not natural price decrease but a dramatic dump with lots of FUD and manipulation of the market. investors were clearly reluctant to sell which was evident from the strong buy support at $6k and the market sentiment and the only reason for the drop was the BCASH FUD.

it is impressive but if you look at the bigger picture, in my opinion, it was only going back to normal after being in an unstable fake price level.

if the drop continues, then this is still not a bear market. the follow up will be. but it will be a forced bear market not a natural one.

We plebs will not make consistent profits by playing the whalecumulators game. We do not have hundreds of millions or the billions to make more millions in the smallest of upticks.

Enjoy your small profits now, but "they" will get more from you. It is more sensible to buy the dip, and hold.

Really? Huge price increase? It is around 3900 or so right now, it was like this just 2 weeks ago, how could we call this a huge price increase when we were just here only 2 weeks ago? People in bitcoin really love a bull rally, if you tell someone that bitcoin will fall from $4k to $1k but will get back to $4k all in the span of one month they would actually love it because even though there is a drop in price it would result with a bull rally and they want to clearly see a bull rally regardless of the previous drops.

Yes, it is great that bitcoin didn't keep on falling, the 3 options of going down, staying same and going up are clearly giving us only one good option of going up so I am fine with it but lets not really get excited and assume 2 weeks ago price is some huge increase.

It is just the beginning and long way to go for the bitcoin and soon we will see the price to rise 10k and above and happy days will be back as many investors had being waiting and holding their coins and not panicking like others. This is the start of the reward for them to make money on their invested amount.

LMFAO when I saw BTC finally hitting $4110ish. The last time I checked was BTC is around $3200. This great increase, have pulled other coins up as well. It is a trap for people to start buying again, making the market look good, and then until it hit a tremendous reversal. Now I see what they mean when they say wolf-in-a-sheep's-clothing. What happened to BTC last few days just proves that it is still controlled by minority who just wants to deceive and rob people.

It also seems to me that those who are responsible for the manipulations that have been going on for the last weeks have taken a break for Christmas. I am afraid that at the beginning of next year we may have another surprise associated with the fall in prices. However, I do not expect the BTC price to fall below $3k.

the market doesn't rest nor does the whales making money from it. also it really doesn't have to be a big deal, this small rise was simply due to the fact that you can't keep dumping bitcoin forever. at some point the market retaliates!
and this has been a gigantic drop, most of which has been manipulation not an actual correction which makes it unnatural hence unstable. just like how a bubble is unstable and price bursts to come down.

Looking at the daily chart its obvious that the price has been rejected by a strong support which had signalled a gradual bullish sentiment however Christmas withdrawals could slow down the bullish run but come January to February next year things will become normal.

What does "normal" mean though? A bull market? It's too soon to expect that. It'll be a ranging market at best.

We definitely saw a strong bullish move off support but I don't really think it'll last. I think this is a temporary bull trap which might nearly reach $6,000 but ultimately we're heading back at least to re-test the $3,000 level.

it seems like the price increase at the end of this year will not happen that easily, it takes a very long time to be able to increase prices, maybe the price of bitcoin can go back up when there is a halcoin event like last year.

I think the current increase is a good opportunity, the collapse of the market will be swift and I think at the beginning of 2019 bitcoin can reach 5k.

just cherish the moment while it lasts.  at least it's up.  when it was down, everyone was complaining, too.

The price increase makes me even more optimistic that crypto will get better in 2019, and that makes my eyes open that crypto has a future and will grow high.

Many didn't expect it to fall below $6000 again, but it still did. In other words, don't calculate yourself to be safe already, especially when we're just one or two dumps away from falling back to $3300 again.

In crypto there is no such a thing as miners need this or that level to remain profitable. If the price tanks, the difficulty will come down and miners will still be able to make profit. The difficulty adjustment exists for a reason....

I'm focusing on altcoins to see what's happening over there, because more demand for alts means less converting to BTC that will then be dumped for USD. Less selling pressure from that side helps to keep coins off the market.

Seriously, the difficulty adjustment algorithm was a brilliant economic design. It's one of the main reasons Bitcoin is so superior to gold: the supply costs are way more elastic. Mining is economically viable under far wider circumstances. 


Yep, I'm a big believer in the idea that altcoins have a symbiotic relationship with Bitcoin. People think they dilute Bitcoin's market share, but I think the effect of sucking supply off the BTC/fiat market is much bigger. Plus, there are no liquid fiat markets outside the top altcoins, which creates additional demand for BTC: altcoiners need to buy BTC first.

Maybe this increase will bring back some investment into crypto world. Hopefully this will bring some good improvement in price for next year or this is just some spike in price.

I feel the current increase is not a hoax, but it is already the time the bull market has started and the price of the cryptocurrency will continue to grow high.

^  It went on reverse the moment you hit the submit button dude.  :D  J/k.

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

You are right that current increase is not a big deal. It is starting to increase now. Hopefully market will recover its price again. But we should wait more times. We should not impatient right now. Good news is coming soon.

It's a definite improvement from the $6,000s when every newbie had his moon suit on. But I agree with you, my gauge of sentiment is that we're firmly in the "fear" stage but haven't seen "capitulation" or "despair." We probably still need to trample on some hope and shake out some bagholders. That's why I'm still expecting at least a retest of the $3,100 bottom and maybe a harsh spike into the $2,000s.

Everything cannot be predicted easily. Everything can happen to the current market situation.
The increase that occurs is indeed quite significant and this is a good sign that the increase that occurs can be continuous.

In my opinion, you shouldn't be trading for the next week or so.

Basically whatever market you are trading, there is usually very little liquidity during the Christmas to New Years trading days. Usually there are many spikes up and down and its an easy way to get caught on the wrong side of the market.

We might see irrational moves but most likely we will remain at the exact same price as now next week. Since it will be mostly chop.

I got a bad feeling about this one again.  Rumor has it that the latest huge price increase was done by one dude.  One!!!  He prolly just wanted to buy a sh*t ton of BTC and keep it...  K, what happens now?

I’m not too excited with the changes in price lately, you’re right, this can just be a trick but anyway this could also mean a beginning. I’m not too moved but I don’t underestimate this happening. I stay calm and positive that we are heading to the moon and sooner or later we will be there. 

Bitcoin was able to maintain the price up after that sudden jump. So definitely it was not a bull trap. Rather the indicators are now showing a sign of trend reversal. I think that we are done with the bear market now. We might see some correction here and there. But most probably we are going up for another bullish cycle.