Bitcoin Forum

BITCOIN Technical Analysis April - TARGET $5,000 ? Today

https://www.youtube.com/watch?v=l3kJ_nQS6YA

Discover the latest technical analysis for Bitcoin April 2019 - we are aiming towards a target of $5,000 as main subject of the video, concise data with clear support structures, let's find out more from the technical perspective.

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The possibility of that price in April is there since we have crossed the $4,000 and with fraction. However that I'm optimistic, I will still be watching the way it is going to end, maybe the $4,000 is going to get us start a bull.

I never seen the video, but I'm amused by how many are really bullish about bitcoin and seeing it in the range of $5k-$6k in the next couple of months.

I think it's doable. I mean we have seen a lot of so called experts, perma-bulls who really predicts exorbitant prices like in the 5 digits. But we all know that the process will take that long. It was not like the price will spike overnight. Realistic predictions like $5k-$6k can really be achieved, might be slow but possible.

It won't happen overnight or within a few hours but we are getting there.
Bitcoin hasn't really be so volatile like it was like last time around so a sharp spike might not happen for now but i am guessing as the price progresses on to 5K and beyond it will become more and volatile, and we shall start seeing overnight sharp price changes.

Last few days bitcoin try to break the $4200 level now we see some little drop after a pump up happen bitcoin right now is not so volatile compare to the past however a$5000 target this april still possible but like what you said just watchwhat will happen to bitcoin.

I see that for April this bitcoin price can reach $ 5000, seeing the increasing volume. I am very confident that I can exceed price predictions.

Nice analysis from the youtuber, it is reasonable enough to predict bitcoin will break $5,000 soon if we take a look at the latest price movement. But still, no matter how sure we are about the prediction, we should always be ready for the worst scenario because price may move unexpectedly.

We are on the way to reaching $4200 again, and I see the green candle shows in the market. And now, I see the price is moving faster than yesterday, and it could be a good sign for us to see the higher price of bitcoin. I hope that this month, we will going to see the price can increase higher, and I hope that we can reach the target $5000 this month.

But even if the line is showing to go up, there still a chance for the price to make a little correction first after breaking $4200 and we could hope that the correction of the price will not go down too deep.

I don't think it will reach $5000 today however after it breaches the high made in December 2018, it can very fast accelerate its gains due to all the people who have underwater shorts.

When BTC hit $3100, the amount of OI on Bitmex was $290,000,000 and we are at $600,000,000 almost. Which means that many of those are sitting at a huge loss and they will eventually need to cover or get liquidated/rekt.

Then there are those who shorted the $6000 break last year and were hoping for $1K or $2K bitcoin and it never came, they most likely got a stop loss inplace if it breaks the $4500 area or so.

Everyone I think is still bullish because we had put our money here and the least we can do is to be optimistic.
I'm not a pro but $5k will need a long shot before it hit and will still need to go some dips again. I honestly ready for any rise soon as I bag some when it's around $3k, not bad at all isn't it.

Nobody knows what the future holds for bitcoin. I've seen the youtube video and he is just another guy doing his technical analysis which could happen and also not. The thing is, demand still dictates the trend in the market and whales are largely the factor if there is a bull run very soon.

I'm still in doubt that this April we will hit $5,000. I'm not that optimistic when it comes to bitcoin gaining a price. Since its April I think there some sort of manipulation going on and just wait a few more days everything will go down from a ratio of -$100.

I think 5000 is a very achievable goal, if you look at the weekly chart, it looks quite optimistic.

If you don't believe the upcoming results better to share your experience in future prediction. Every year some pump will occur on April and May, So investors are little happy to waiting for the next hype. Last year also gradual increase in this month so we hope it will happen again.

I read this morning a news' headline that said the SEC has approved an ETF, I didn't check the source nor read the article. But if this is true it will certainly boost the Bitcoin's value (up to what level the whole issue is there) and OP could be right that the price will go up to $5,000 which would be nice anyway.

Edit: I checked the news I talked about and it was an April joke, f**k lol.

I am hoping it would reach $5,000 this month since we have seen some small movements and it finally breaks the resistance and reach $4200. Do you think there is something that would push it a little more to continue to stay at $5,000 just like what you have said? I think we will reach that price soon but pushing at this month would be a little bit complicated imho.

Although, bitcoin has crossed $4,000 and things are looking good, but we can't say that the bull has started and it would cross $5,000 in April. In fact, there is possibility that it would drop down again.

It could say more exactly 4200 USD now. price is fluctuating from here and above. What is the price expectation of you end of the Q2? Could you tell that to understand your speculating precisely.
I saw Paul's speculation over crypto and future potential of the crypto market. I am damn sure we will find the 5k USD reach in this quarter itself. 

You are right mate, we have to always prepare for the worst because some silly investors might see that price as an opportunity to also dump the coin, especially those that invested heavily when price was $3800 but if we don’t experience any dumping, I don’t think we should expect any worse than the one we are gradually getting out of.

I believe many people were not happy with the bear market and would do anything to make sure the bull trend is sustained by still holding their coins irrespective of the amount it gets to by April. We all should unitedly have a target for BTC, let’s say $50,000 and until we see it come to reality, we should not get our investment out of BTC.

You should not doubt now, we are in the first week of the month and the BTC price nearly reached $5,000 already.
I guess OP was right about the target, people are bullish now, as long as the price will not dump anymore, we can have that easily.

BTC trading now at $4,755, and that is just $245 away, we can certainly have that with the length of time this month.

Looking at the way bitcoin has performed this month compared to the last month, I think it is certain bitcoin will test that price this April if we are to even use trend aside analysis and now that technical analysis has said it all, I think there is no point arguing the price further except some unexpected fundamentals goes against this but any other fundamental analysis I expect to see now are the ones that will end up making the price speculated a reality.

I see serious bull run once the $5000 price has been reached because FOMO might come to play out here through many people who would believe that Bitcoin is already on BULL RUN and might not want to miss out.

I'm not putting my mind on bull just yet. Yes, price have steadily been moving up since one week and surged in one day. We had an experience as this last year around June when price rose from around $5,000 to between $6,000 before going bearer. I hope price will not repeat that but will continue upward move.