Bitcoin Forum

https://i.imgur.com/S1T36T8.png

A big green candle today that surprised everyone, now we are able to break the resistance.
The question now, is this a bull trap? or the start of a new big uptrend?

While everyone is busy having fun with the April fools bitcoin are also busy doing this thing. Now we welcome the 2nd quarter with a great price!
I hope it will continue, though don't make too much expectation but I'm happy to see a big candle like this.

this is exactly what I have been talking about for the past month. people kept focusing on $4000 but that price had no significance. the important prices were $4200 and partly $4100 and as $4200 was broken a big ass breakout happened and how it is partly due to FOMO but on a very small scale. if this keeps up for the following hours then we can easily see a gigantic FOMO which can easily bring the price back to real levels at $6000 and above.

i'm curious about the reasons make this huge pump! maybe from bakkt or SEC?

I also taught that the price pump was just for April fools but seeing the chart make me wonder too. I don't know if this is a bull trap or what but it's good to take advantage of this and make a profit somehow.

If the price hits $5,000 in just a few more hours then I think it is safe to say that it is a bull trap.

Now, big green candles are definitely a very good sight. But what actually matters if we can actually hold at this price range. I doubt it, but as long as we won't go back down below $4000 then I'm fine with it. This price increase looks nothing close to being organic at all.

Hoping for the best though. 🤞

it is impossible to predict it at this point though. because it depends on multiple factors that can determine the result. for example as I said above if it keeps up we can see $6k and by then price won't come back down ever again. but another scenario which is more likely is to stay behind the $5k resistance in which case holding the current level depends on how much the day traders are going to panic and how much FOMO is going against their panic.

one thing is clear though, the rising days have started.

I was surprised to. today that BTC was able to get past the barrier. is this the beginning of a bull run. looking at this chart is very interesting because the market has been frozen recent months. not only does BTC get a drastic increase in some other altcoins are following the effect. if you think this is a bull trap I disagree. take a look at chart statistics it seems the price will drop but it will be corrected again.

I hope this is still not post April Fool day humour.
The market surge is not easy to comprehend I am still yet to know what factors could affect the price massively in such a short time.
But from a cryptocurrency lover it's a very good news we hope continues

Bitcoin goes up and alts falls down. Is this kind of a bullish trend for the cryptocurrency market? Whenever bitcoin is bullish alts are always going down. I think, I'll observe for a little right now. I'm thinking that this could be a trap. And also hoping that this thing is not an April Fools joke. 

Yeap. I hope you're right. One thing's for sure, I sure just hope this isn't one big fat fakeout and that the graphs hopefully stays upward for a while. A candle this huge feels nostalgic as hell, I feel like were back in mid 2017. Haven't had this feeling for a while

Still personally debating if I should temporarily sell a small amount or just wait this out.

While all of us are busy talking and enjoying the april fools bitcoin price is rising. I think all of missed the chance to earn big. We missed that opportunity. I hope this will be the start of bitcoin rise again. I think it is not a bull trap and it is a start of a new big uptrend because all we know that bitcoin is expanding their use and tie ups company.

Somebody has posted about it (https://bitcointalk.org/index.php?topic=5125728) before the week-end, simply based on technical analysis.
The idea was that if the price doesn't fall under a certain value until Monday, then we'll see a rally.
And I am sure that others reading those graphs could have reached the same conclusion.
However, the growth is much faster than anticipated, and we have a fall now, so imho day-trading right now is closer to lottery.

I am trying to find some reasons why the sudden surge in price and I can't find one. Then I thought this is crypto and maybe this is another fabricated price surge. This is a good chance to get some cash out and wait for the price to fall back to the previous support level.

Bitcoin price now shows a big candle spike price in the market and hopefully, it will continue to grow up within this month of April. Or is this a continuation of April fools. Lol, As I remember last month it has a candle price spike but after the spike, it goes down and here it is now showing again with the same movement.

Hope, it will continue growth, it is not 1st April joke ;)

There is something that pushes the price up that creates a new rally while yesterday we have been fooling around due to the April fools and yet the market is not fooling around. What a coincidence that Bitcoin starts to make a bull market, i hope everyone won't push it down again with FOMO.

you should sell but only if you are a day trader. otherwise don't cause yourself unnecessary stress.
this rise like any other rise which is fast, will need a correction. the trick is knowing where the climax is and also to know where the bottom of that correction is going to be.
I personally don't bother with this types of "profit", but it could be selling around $4800-$4900 (if we get there!) and buying back around $4300 of course these numbers strongly depends on how the following hours are going to work out. and they can change.

Check this out, maybe its the reason for the pump. Lets see, it's nice to see market reacting on good news about etf. market hasnt reacted on news about postponed etf lately. imo its a good sign.

https://www.financemagnates.com/cryptocurrency/news/sec-drops-the-bomb-approves-bitcoin-etfs-markets-skyrocket/

please note that you are looking at the bitcoin versus Tether price in an altcoin exchange market (poloniex) which you should never do because price that really matters is the price on bitcoin exchange markets where trades are happening in USD (dollar) not versus altcoins. although in 98% of the times it doesn't make any difference but you still should never use that as a reference.

My pshycology depends on market for a while.im looking at prices first on mornings, if its green, i feel great even i dont have any order.today, i feel magnificient :)

Really? Well good for you  . its nice to know that bitcoin is not just a currency and an asset use but bitcoin at the same time also help people to change their moods from bad to good .    anyway , your not alone mate because i do also feel the same .  every single day  i look on the price chart and i also feel happy when i see that bitcoin is increasing   .   i confess that i feel a bit sad when the price experience a nose dive but my bad feelings can instantly recovered  . so no problems at all  .

this has been expected all along.
in case you have forgotten price has not been making any kind of movement for a very long time (4-5 months) and we have been stuck in this low level and it needed to be corrected.
each time this type of reversal correction happens there is a big surge coming with it. in fact i am very surprised about why this is not yet a much bigger surge to above $5k.

I think this is for real and in a the price should maintain at least over 4500$ in the next weeks. If it successfully stays here it should reach back 5000$ soon and then go for 6000$. This is the bitcoin comeback and we've been waiting for this a long time now.

I don't think today the price has risen so high, is this just a trap or not, but I never knew. a little suggestion for BTC investors to continue to monitor further and remain vigilant at temporary prices so that you don't get stuck. :)

Bitcoin made a huge jump up while everyone were sleeping. I hope that's just the beginning, but much more I'm curious about possible reason of such unexpected growth.

Oh my, I was bit late to notice the huge green candle. I guess it isnt something on April fools, because we're on the 2nd day lol.
Anyway, I guess there will be a lot of people busy selling today, while the price are still at its today's best. Is this gonna be a bull trap, or some kind of manipulation after the price remains quite for 4-5 months now. If the price stays at that level for more than a week, there will be a huge chance for a bull run.

Bitcoin have break the surge of a very long period of decline in price, and as at now the price is a little above $4000 and that is the return of the green days because for a couple of days now the bitcoin price have stay above that price. We are welcoming the return of the bull market.

Many traders already predictid and are waiting for this candle to wake up people who are sleeping with bitcoins bought on so damn high price,this green candle is their hopes haha

The one day chart on bitcoinaverage.com gives a nice insight on the overall price of most markets together.
That +15% is looking pretty at the moment.
https://i.imgur.com/qn0U4Lc.png

So far there is no specific reason for this shocking pump, i mean this is totally expected for the price of bitcoin to go high but not on just a single candle. Many speculations around the market but i hope bitcoin to stay beyond on $4k, more things to happen this month so keep yourself awake.  8)

You can find many reasons, we had many great news last and this year. So many new names in crypto, big companies announcing to get into crypto, regulations of many sorts, lighting network, etf proposals, and many more things. Crypto never sleeps, something is always going on, now all that hard work, sleepless nights, time and effort invested will pay off, it`s like that with bitcoin, I had this feeling many times and it happens once again, I bet this isn`t a last time, we will see many more ups and downs in years to come.

I think this is the beginning of an uptrend, and an increase in the price of crypto that we hope will occur in 2019.

I’m surprised too, i woke up with a huge candle and I thought I’m living with my dreams not knowing its a real one. The current update is about the decision if SEC on two ETF last April 1 and I think this kind of news really matter in this market. This is not a trap anymore, we are slowly gaining the momentum back.

I think it's seller exhaustion more than anything. Bears blew their wad on the November/December crash and the late ones have been shorting this mid term range heavily without any momentum. Now that the range broke to the upside, sellers and shorters were pressured to buy back (or they were liquidated).

No news required.

I think there's someone who controlled the slight surge, and they're not getting visible for a moment. Many of us got surprised and after my deep sleep last night looking upon my mobile phone blockfolio, I was so amazed on bitcoin heading towards $5k. I do hope strong and weak holders will realize the importance of waiting.
We need not to rush seeking profitable price, because it needs a lot of patience in order to make all assets work in accordance to our will. Let's always maintain a good attitude, and if you have that survival is the final stand of everything.

Well, according with my technical analysis, this is another bull trend. Yesterday, it already broke $5k and today is also a blast for the bitcoin. It bounce up to $5k. If you are going to look at the chart and indicators, it is still going to run bullish. Another green candle is showing.

that is showing a beautiful FOMO followed by a nice correction then a slow rise.
this in my opinion is a very good signal as the price didn't just fall back down showing there aren't that many traders left that are willing to sell, the only sells occurred on top of that peak where price dropped a little (correction) and it shows that there is still a very strong buying power in the market.

with current price that is around $4900-$5000, if we continue on this trend we may even see another big spike pushing price up to $6k levels before today ends.

It looks like this big green candle has made almost all the alts increase in price overnight,,, I am seeing ETH hit $166 dollars right now, I do not think this level has happened ever since ETH tried to break $160 last month (and failed all the way to $130 again). So a new high for many months, I guess everybody is excited now? We should remember that this was because of a big order that triggered across many platforms, so it was not a natural pump. I would be careful of this!

The bump last over 24 hours for now so this is not something sudden in my opinion but might be an whale's action to increase the price of bitcoin to the further stages.It all happeed from the bitmex exchange a sudden of huge order were placed so which increases the demand and the prices of bitcoin and resulting all the crypto currencies into big green candle.

Its started from a huge demand and followed by the manipulators, and now FOMO are being created. I'm still monitoring the price movement of bitcoin right now and hopefully it will create a more big candles to confirm the bull run. Right now, there's a small correction but we are slowly getting back into pump again so let's keep on watching the prices of bitcoin also try to look for some altcoins because they can move higher than bitcoin in terms of percentage.

from the graph that you gave, it shows that the increase in bitcoin prices is easy to happen, pump will be easy to do by whale traders or those who have a lot of capital so I'm sure bitcoin has given a signal that there will be a pump that will happen again in the near future this.

The increase in large candles occurs, this makes us more optimistic, I do not want to look negatively at this movement. Although many think this is a pump, seeing this development is the beginning of a good month, we will look wisely at all of this.

We can say that this is another bull trend but the truth, we still don't know. Meantime, the green candle still left in the market and still trying to break $5000 again so we could have more chance to see the price will be back to $5000. But it seems, the price is more like sideways right now because the price does not increase or decrease too big, so we need to be careful.

It creates positive things but still a higher risk for the new investors. That’s an scary candle because it can always drop but since bitcoin is good i’m sure we cannot notice it. The price should go and stay on $5k level, that can be the next good support level.

Sudden pump means "BIG" candle isn't very good sign. It might be bull trap. I always like slow growth for bitcoin. Because slow growth always healthy. But due to bull trap investors are returning on bitcoin. In a result, may be price will stable or small correction. I am expecting one more small correction and another run should be $6K or above. Stability is main thing. Previously we have seen very small bull but it was not stable. So its important to stay stable above $4.5K then we can expect another small bull. Most likely bitcoin following it's down trend. Now reversing to uptrend. If it's true then hope soon we will see another run.

This increase continues to continue. I do not know whether this is a bull market, but it is been a long awaited increase. But, I can say that we are closer to the bull market.

The altcoins had to wait a bit more to react to the market, if you check while bitcoin was going up the altcoins didn't exactly went down, their dollar value didn't lose much and even gained a bit, it was just their bitcoin worth that got down a bit because bitcoin value increased.

Given enough time and bitcoin not falling back all altcoins followed the bitcoin and when the bitcoin price of something gets back to its old price while bitcoin is high just meant all green bars for each coins out there. It is simple economics that happened way too many times before, bitcoin goes up first, altcoins wait, bitcoin either continues going up or stays up and than altcoins go back to their old prices or even higher which means a lot of dollars. It is only not applicable during bitcoing going up but than going back down which didn't happen this time.

Thank God this actually didn’t happen on the 1st of April and April fool day, many people would have taken it as a joke too and might probably start dumping to quickly take advantage of the price but unfortunately, bitcoin cannot do April fool, so the price we see now is the reality and it I just the beginning of upward trend of BTC and not a bull TRAP, even if it is a bull TRAP, we all need to be wise too not to allow ourselves get caught in it and the only way we can do this is to keep holding our coins and not sell it off, let us frustrate the actions of the whales too if the cause is that but for now, let us believe it is just a normal market condition that is bound to happen yesterday.