Bitcoin Forum

https://coinrivet.com/hold-on-to-your-hats-were-moving-up-yet-another-bitcoin-flagpole/

Bitcoin pumped with volume this morning to smash through resistance at $4,000.

After Bitcoin closed yesterday with its fifth daily green candle in a row, price broke out to trade above $4,000 across most major exchanges.

Isn't it rather to early for us to start the party as of yet,we definitely are all glad with what the charts are displaying to us.
But I'm somewhat reserved to speculate this could be the end of the bear as it could plummet yet again,who knows

It just goes to show how long people have been expecting to see greens in the boards. It is something to cheer about though. My advise is not to be too overjoyed. It is still a fragile market.

Oh boy. I wouldn't celebrate just yet. This just might be a dead cat bounce. It's really just too early to say where the prices is going. The sudden bullishness of everyone actually concerns me. Feels the same when we rose from $6000+ to $7000+ in August-September but immediately just dropped back down.

I agree. We've been too long in a bear market and too beaten badly the last month that any positive movement sustained would be reason enough to be excited. The price today was a big disappointment not even a month ago. And we're not even sure how long this can be sustained as well.

I think that everyone is already tired of the bear market for all this time, so personally I really hope that growth will begin soon

Yeah, and all the nay sayers saying bitcoin is dead again, or it will not last forever should find themselves a hole to run and hide.

Even it reach the price of $4,000 its not yet done it might dropped again so do not expect too much. Everything might be happen and even we see green and small pump it is not yet the sigh that the price of bitcoin will gonna go up so hang on and wait more time and we will see if there will be another bull market or bear market.

There is nothing wrong in celebrating a little bit since we need some green in the market the issue is that many are making the assumption that this is the beginning of a bull market and there is no way to know that at this point, so all of those that are happy because of this small recovery and the profits they are making my recommendation is to not take the current growth too seriously, be happy about it but do not proclaim this is the beginning of a bull market because we need a lot more than a good day for that to be true.

So your reserved attitude is correct and you should maintain that attitude for some time because this could be a bull trap and you could invest just before the market goes down again.

bitcoin indeed increased and went above 4000 dollars which is indeed good for us all. it shows everything about bitcoin is coming stronger and bitcoin is heading back to the heights it fell from. we will continue to see more rise in the coming days

It has already dropped lol! Price is really flaky right now, but to get it to a new higher floor is good news. $4000 is much healthier than $3300 where it was tantalizingly close to a serious death spiral

It's seems look like before bitcoin moving up slowl
Then after a small percentage of price increases suddenly price goes drops
But hopes i am wrong in my analysis for their movements

a dead cat bounce is happening when something is actually dead. do you think bitcoin is dead?

this was not a "bullishness" either. it simply proves my theory that many investors have been waiting (and many still are) on the sidelines for the manipulation and drama to dwindle a little before they come back in since the market would be more predictable and less weird! that is why we see these kinds of shoot ups, it is simply the waiting money rushing back in.

Exactly, the price is now just hovering $3800 so the celebration was short lived. We did touch $4000 however, there's not enough momentum to push to $4200 levels and support @$4000 is not that strong that's why the price easily goes down. We might see it tank again for a long time, unless manipulators play with the market again to cause newbies to join and enter the market thinking of a imminent bull run, which they all have been waiting for.

Crypto Market is very volatile, it is unpredictable, its crazy... the few days green light was short live by droping again to 3800 level. If this is the new resistance level as posted or it is only retesting the 3800 level, some expert says..it not yet the bottom of Bitcoin ? I disagree on that notion. Yes, i am optimistic that once the market become stable we can expect a most favorable market status in the future. Bitcoin will survived.

don't penic people now bitcoin price low and soon  comback $6000 up i belive

Nope, it is just continuing on the latest trend, where the price recovers a little bit and it gets pumped with between $200 and $400 and then it goes down again. Some speculators are using this trend to make some profits on the lower end of the price movement.

It could also be Fiat Whales toying around with Bitcoin investors to start buying again. <Like a little Kickstarter for the market> They do not have enough capital to trigger a breakout, but they hoping a smaller trigger will start the process.  ::) 

once again it proves the uncertainty and the fear that exists in the market because of the previous couple of months of manipulation. people always focus on the price and the profit they can gain from each drop and rise but they forget all the damage that the manipulation is causing in the market and to bitcoin itself. the volatility, and the uncertainty has nearly halted the adoption

Bitcoin is not already rising up still continue dropping its price maybe next year the price of bitcoin will grow up again.

Can't agree more... I think after Bakkt, we might see another rally.

And its down again. It's proving that you really can't predict the bitcoin price. Though I heard bitcoin price may go up on 60K+ but i really don't believe.Now its just 3.4K and those who are believing it can make 10K are fool in my opinion.BTC price highest can reach on 5-6K this year.

well this sounds good but then lets not forget no one can predict what will happen to bitcoin price accurately. All people do is speculation. For the fact that bitcoin price went high a little doesnt mean it will stay that way or continue to go high. lets just observe what happens closely and pray for better days for bitcoin

I think we must be careful in observing the growth of bitcoin prices and all altcoins because their value can change at any time. in order to get a profit, we have to dare to buy when the price is cheap and sell when the price rises.

Its good we are seeing a good sign of bitcoin price coming up back again but still we just have to sit back and watch it grow its good to celebrate it but lets not get our hopes so high yet lets be patient a little

Never say never mate! bitcoin reaching 60k+ may seem like a long shot but you never know with those big whales that call's the shot in this space, it is no longer news that the market is heavily manipulated, so i won't be surprise if bitcoin suddenly goes wide at some point to hit that amount, and right now price is within $3,939.41 on Coingecko so still above $3,4k you pointed above.

It is encouraging to holders anyway. We are at &3,945 mark with nice volume. Closely approaching $4,000. I hope that we are going to continue seeing a good response to price movement by next week. It might start the bull move.

You fell for the bull-trap - again!

JPM has told you what price he's going to manipulate the market to: $2400. Since he has access to 300 times the capital of all crypto together, I'm pretty sure he's right on his ability to do whatever he wants.

What do you mean?

What has JP Morgan has to do with the current spike? Are you talking about them joining crypto and having their own coin?

But, it's not a crypto per se and won't be available to the public as it will be for their own used only. So I don't know how JPMorgan again was inserted in this discussion. And what bull-trap again?

Its a good thing though but we can't really tell what will happen in the future. Bitcoin being volatile, we can't tell if it will continue to rise or drop. But let's just hope for something good to happen.

The thread opened on December shows the price movement of bitcoin by that time. Same has happened at present with bitcoin. By that time the price wasn't crossing the $4000 margin in a short. It was fluctuating for weeks and even after that the price didn't stood above $4000 for a longer time period as well went low gradually. Right now in this way any form of growth can happen, let's expect positive growth.

Don't get me wrong but it feels like another bull-trap is building up again in here. :o There are a lot of people saying that Bitcoin already hits its bottom and they are hyping on social media and other forums related to Bitcoin/Crypto Currency, but just like what you have said it is too early to celebrate at this moment because it could go sideways anytime. But I do hope that we already reached the bottom because the bear market is quite too long for now. :D

actually there is no way you could tell what this is. it may very well be a "bear trap" in a different sense as with a little up and down to get people to start shorting and then shoot up to crush them all.

although what i think is going to happens is that we will start seeing price slowly creep up and then see a sudden drop to flush out some bot orders and then reverse back up and shoot above $4k resistance.