Bitcoin Forum

https://i.imgur.com/hKbb2ot.png

So there in the past hour, we had a really big price movement there
We were hovering at the 50 EMA and 100 EMA line in the last few daily session, no one really know where the market moves and everyone is uncertain
However, the price progressed!
We not only breached the 100EMA, we also broked the 200EMA Line!
The volume is too huge that make the price pierce through everything.

Then, the volume today are also above the average trading volume!

However, few things to note
#1) Price is currently Kinda Oversold there, we are at 80 Oversold at a daily chart
#2) Just because the price pierce through all the indicators that we are looking at, it doesn't mean the price will rebound 100%
The 50 and 100 Moving average is still below the 200 Moving average

Hence, kindly take note if you are looking to trade and open any positions
Crypto market is volatile there!

Good luck

I believe the price of bitcoin will stay around 4500 dollars and after a big candle of bitcoin and there will be another recovery to the altcoin. This time altcoin was losing a huge price in the bitcoin term. But im still feeling about the fundamental behind that candle.

Its any good news thats can move market like this? any valid info out there or its just pump by whales? wanna see more pump..go go go

Confirmed this is the biggest bull movement of the market in over a year.

I think its because proggress of Bakkt launch, read on medium about this

I wouldn't say we are heading into a bull market until we close way above the $6000 area, preferably somewhere around $7000 or so.

Reason being is that this might of been nothing more than a short squeeze since over $200,000,000  of positions were liquidated earlier. Basically there was too many bears who shorted at $3500 and wanted to see $1000 bitcoin.

I think we might retest the $6000 area, because that is very strong resistance and the market might want to see if it actually has willing buyers. However I don't think it was break on one go, will probably form a cup and handle for a few weeks and then it will either break up or down.

Well the pump was started off by one big pump in Binance from what i've read on the news
The total volume of BTC for the entire pump is less than 1,000 BTC
Thus, let's see how market will react these few days  :P

Whatever it is, what is certain is that with this price increase, of course, trading volume increases. And I started trading and making a profit. I hope this is a positive thing that continues until the market returns to Bull.

It's been looking increasingly bullish over the last month or so, prices trending slowly upwards, volumes really high, and any dips recovered quickly. We were due a breakout upwards, and now it has happened. There will inevitably be more pullbacks, and I suspect the usual situation will develop where prices rocket upwards but overshoot and then drop back a bit. The key for me now is whether BTC can break and hold above the $5,000 price point. If it can, then that starts to build a new support level and we can expect the bullish sentiment to grow.

Whales are buying in because of some good news? we don't know what's the fact behind this bull but it's better not to assume that much and be on the safe side. I like the pump that we have witnessed for today but it's still early to think that this is the bull run. Remember those days that there were quick dump too so basically if ever we broke the resistance of $4,500 then we're heading towards new price support and might break $5,000 very soon. If we see bitcoin goes $7,000 to $8,000 possible that we have entered the bull run.

Its nice seeing the market in green status again because for the longest time we are in bearish trend. I dont know if this is due to some good news like the bakkt announcement that might trigger the investors to buy while the price is still cheap.

But I dont set aside the possibility that this is a pump and dump scheme of whales, its better to not have high hopes because we dont know if this is for real or just a temporary manipulation of those who have a big holdings.

Big dump incoming

There is no reason for dump. Market have prepared for next bullrun a long time. And seems bullrun just have been starting. Volume increased almost in twice for last 24h (from 30 mln to 50 mln per 24h). This is a good sign too.

He was thinking if this is another bulltrap like what already happened in the last year. But I'm feeling doubt about the latest pump on the bitcoin because there was no good point to call that pump. SEC was delaying bitcoin ETF and there was an exchange site gets hacked.

I think it wouldn't be a bull trap it could be the real bull run that we have been waiting for.
The market and the people have been preparing for this for so long .
Let's just stay still and relax watch as the bulls run and make the crypto land to the moon again.

I am also not sure market is bullish. Perhaps the next moves will make it more precise. It has increased without a reason behind it, and it is still hard to estimate the next moves. But today is better than yesterday.  ;D

The pump today is a significant pump, it was late 2017 that I saw price action like this, this is very good because the $4200 barrier has been proven difficult to sometime, testing $5k range shows we are heading to the $6k range for me I don't think we will stay long in $4k range again because the mood and sentiment in the space has changed

pump today had a positive impact on the exchange so now it has this trend the volume of the bitcoin market is very different, I mean more input demand and it seems this is a good moment for all those who still believe in bitcoin. towards a bullish market if in two weeks the price remains consistent we are sure heading there

Yes me too that's where it will be confirmed and terminate a market bissier that hard for more than a year

I don't think we are. A pump in the btc price that came out of nowhere doesn't signal anything, just that a big whale (or several whales) decided to buy big chunks of btc for some unknown reason.

Also, we can't really analyze or try to predict what's gonna happen next when it hasn't even been 24h since the pump in the price, give it a few more days/weeks to see if the trend continues and then we can start discussing about where this rally might take us.

Nothing relevant was going on at the time of the pump...No news, no announcements, no catalyst, nothing, so it's very likely that the whales were behind this sudden surge in price.

I haven't seen this big movement for awhile, it could be a bull run or just a bull trap.
Whatever, I am not concern with that, I just have to enjoy the moment that we are experiencing now, people will get FOMO eventually
and we can raise this higher. With this kind of price movement, $10,000 this year is going to be easy.

Now the price of bitcoin has reached $5000 and continues to increase, so your prediction is wrong :P
The bull run has started, so you don't need to ask about the fundamental behind the candle

This huge rise in crypto market on no news is a good sign that next bull run has started. Bitcoin could easily run to $6000  and the total marketcap could go above $200 billion in next couple of weeks.

Up up and away to the moon.


Seriously. We got a controlled pump with bot buys 20000 coins net of 100,000,000 pushed in.

Now let’s see bitmain is releasing the s17 on April 9th.

Mining with a farm of s17s looks like it could work if coins are 6000.

So we may see a pump to 6k over the next month.

it's not just a pump by whale's because it gradually increasing even now. Last night it showed a fluctuation again and i thought it was the end of sudden jump again but good news that it was just a normal reaction or correction which to continue increasing. Previously bitcoin is $4800 and now $4900 it seems will grow more and soon or later we will see 5k value.

The indications have been strong for quite a while now that the market was becoming bullish. Then we had that big jump yesterday, with a small pullback that was quickly recovered. Volumes are key as well - they are as high as they've ever been right now, which is a great sign. Of course there will still be downs as well as ups, but we are heading in the right direction now. Signs are good.

Signs are good but i'm not prematurely getting my hopes up just yet. I'm still skeptic about a bull run and i'll allow myself to believe we're in one if it's already underway. We've been fooled by these signs before and then had out hopes dashed against a wall when the value receded back to where it was before the run.

It's good that the market is moving up! It would be good to know 100% when this movement will change to the opposite. If you have such knowledge, you can fix your profit in time. It is bad that with cryptocurrencies not everything is as obvious as with traditional values.

What I like in these situations is I can sell at the very highest price which I cannot do before. I already make my big profit in the last year, and since a year ago until the last week, I could still make a profit. But this time, the profit was very big for me. We can hope that this sign will head to the bullish market as every coin are making significant movements in the market and some of the altcoins already following bitcoin price.

But still, it is too soon to call this as the bullish market because this could be a trap for people who are not careful with the situations. We have many possibilities to see the price still increase, but we also can see the price to decrease so be careful and take your profit while you can. Don't wait for the highest price if you are not sure.

yep, and the most important thing is everyone should prepare for all conditions,, wich mean this rising price on bitcoin and others crypto could be the beginning from the bullish trend or can be a bull trap my friend,,  ;)

Surely we are due a big correction soon??

I wish also that some altcoins to maintain price on altcoin/BTC pair and when bitcoin go up and also this altcoin to go up with USD/altcoin pair and so get up some profit but this not happen, i think most people sell altcoins for bitcoin when go up and this cause drop of altcoins.

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

Well, one thing to note out that is kinda positive here is that the candle closed well above the 200EMA
However, don't expect the price to keep growing nonstop
We will soon have a retracement to pull back the price abit as you can see on the circle

The RSI is currently oversold there and even up to the 86 level.
Anyhow, several entry that one can position would be

#1 -$4,700 (200EMA as support) - Not really recommended
Although moving average are often used as a support/resistance to decide on position but as we had only 1 daily candle which breaks off the 200EMA line, but no retracement or sort to proof that it is a strong support level for entry.

Thus
#2 -$4,200~$4,300 (100EMA as support, Previous Daily Resistance level since December of 2018)
This entry level, is kinda a very good entry level if you were to ask me. It tried at least 3 time before it broke out the level with a huge green candle yesterday
Your stop loss would be around $3,400~3,800, depends on how much you would risk. But $3,400 seems like a safe level imo

Anyhow, position your entry well and good luck!

maybe that's right, because the growth of bitcoin is now not followed by many altcoins on the market. now maybe many people are choosing bitcoin for their investment assets and waiting for bulls to come. but there is a possibility when bitcoin is stable later altcoin prices can rise.

It is too soon to tell if we are headed towards a bull market, this is only the second day of the spectacular recovery that we have seen and in my opinion we cannot really establish that a bull market has come until a few weeks passed and the market is still going strong but for the time being enjoy your profits but do not forget that there is the possibility that the price will go down again and in that case you will need to sell your coins to materialize your profits.

This seems a real bullrun which we are waiting for a so long time. Look at the volume: 83 billions for last 24h. Its more than on last bullrun in January 2018 (the max volume was 78 billions as fas as I remember.

CZ said, that everyone will be in crypto.

https://twitter.com/cz_binance/status/1112974859464671232

And this bullrun should be a biggest in history. I think we really can hit few trillions marketcap

A lot of posts on the forum on this topic. There is a heated discussion of the growth of prices for bitcoin and other altcoins. And I really believe that growth will continue. Finally we waited for this.

I'm trying to take some profits but on HitBTC it's not really showing much.  Coinmarketcap is showing 30% gains on some coins I have but they're not coming through on the exchange as reflecting that.  But it's better to wait anyway.

As of now the price around 5k it's still hard to say if it's the right time to say that this is the start of bull run many people afraid that the market immprice slowly drop again I think we need more increase so we can say that bull run is totally starting.

Yes think we are currently shifting from bear market to a bull market but how knows how that evolve over the time always try to average in your investment and good luck :)

Yes definitely it is the trigger point to turn over again after lifting the Bitcoin development so we can definitely trust this time we can only trust the development right now but how long it going to happen is the matter of how we can get the profit for our investment.

Though it's too early to conclude, we can all say that the market has a great development. Bitcoin increased a bit but it stocked at the same value for days but it's still something that we should be thankful for. We could see that crypto world is getting excited to things that might happen soon. I hope bitcoin would rise better than its current value.

If we can reach $7000 iam will be a bullish man, Q2-Q3 Would be start the journey of the new cycle bitcoin price. Remeber guys in the past a few weeks we still not geting a bad news.

I trust this from this moment to to take off is available for the cryptocurrency especially Bitcoin so investing right now will be more apt situation for everyone to get their income very quickly

The Internet has a lot of news that recently there has been an increasing interest in cryptocurrency among big players. I very much hope that Bitcoin will be used in big business, which will certainly lead to an improvement in the investment climate.

i don't know this pumped price is a fake pump or this is really market demand and make price growing, but one reason don't let this chance for earn more profit at this moment.

maybe investor and whales are back to market and prepare for going to the moon again

In my opinion, pumped prices are not the same as bullish trends. Bullish markets can cause more waves on graphics and professional traders can say the clear difference between pumped and bullish prices.

The market already completely looks out of bear market to me and I think the green button has been clicked by the BULLS and preparing to give it a full push with some fundamentals that will make its pump a natural one that is void of any artificial pump such as the ones from whales.

We need to be patient and keep investing more, I have learnt over time that hat we really need to avoid any further future bear this bad is to let natural pump takes place, and natural pumps are the one that will come through big investors and institutions that are more interested in the payment benefit of Bitcoin to its increase.

If we can have big financial institution and large fund savers to deposit their coin, then we will continue to witness increase till it gets to an ATH.

I think so a lot of projects are finished the development phase and just want to achieve mass production with their working product good luck for everyone how are still here after this long bear market

yes I trust this changes because the chances of improvement is increase in my mind set and also saying the changes suddenly there will be a little bit extra chances of development will be available right now that's why I am saying this.

Based on charts, yes we are! I believe that bullish market already started and we are heading to the same market like in 2017 to early 2018. Alts mainnet and good news about partnership every now and then. More players are coming in the market so lets see if btc can break its ATH snd if alts will follow as some are not.

For the moment, the market is very bullish. But can it continue like this indefinitely? Only some coins are really gaining more value. I don't know why BTC went so high. Was it a coordinate move by the exchanges? It could be as some of them were losing money. And i suppose also to pump BNB coin which is now at its top price. The crypto market can be manipulated by the exchanges. It is not bad for traders and investors who bought at a lower price.

we need to know all that the market situation is not the same. everything is still different, we cannot expect too far, for the arrival of bulls in the 2017 market. this situation is now different, the market and investor confidence have not yet entered, we must make many possibilities to prepare for market movements.

Yes, it's been bullish for a while now. The last couple of months have seen rising prices and mega volumes... we are finally coming out of that huge dip. It is time for optimism again.

For now, the most thing that I hear from the Technical Analysis experts are the Bitcoin is now very hard to predict thus it just makes them watch the movement of the coin and see the results on where will it go. For the crypto market, we can't say it is bullish until we are certain that bitcoin is in an upward trend let's wait.

We have already made a 20$ billion volume in a 24 hrs cycle meaning that market is really on its way up because as far as remember (if my memories serves me right) this huge volume only happens in bullmarket,so if does it is clearly that bull is just aroung the corner and waiting for a blow to hit the market,hoping it will come sooner as i am very excited reaching the top again as i am late when the 2017 hype happens

The signs of life have appeared so it could be the last chance to accumulate cheap crypto before the bulls come rushing in. Anyone who is smart and knows anything about crypto will be investing now with everything he's got

The volume of day trading has really increased significantly lately and the price of Bitcoin has risen by 1000 in a short time. The scenario is partially copying 2017, when the price just jumped $1,000.

I also believe that investing in this price is still very low and certainly when the market has better growth, we will earn a good profit on investment. Right now is an opportunity for people to participate in this market because by 2020 it is certain that the market will get a new price increase and Bitcoin may reach $ 50,000 based on my analysis in the past.

yes, but if we look at the charts, some resistance on bitcoin already breakable my friend
i know everyone have their own predictions, but i believe this is the beginning from the bullish trend

There was no such growth throughout the past year, so of course, what we are seeing now is the beginning of a bullish trend. Even the mood of many experts changed and articles on cryptocurrencies began to be published more optimistic than before.

Well we need more observation to the market because we don't really know if this pump in the market is starting of bull run. It takes time for everything so we need more patience to this market situation. Hopefully the increase in the price in the market will be continues so we can calm and we can make a good profits after long bearish season.

I believe the speculators may define this recent time bump as a bull run but the marketplace only can show what is the real marketplace movement as the price movement we see in the market in the coming days.
Always people expect the bull run only as wishes like we will find the growth in coming days for sure how we saw in 2017. In that year also the same percentage of price movement and the market finally touches 13k and more value. Lets hope the same in this year too.

The pattern of the Bitcoin chart is forming a top and bottom with upward direction. So,, this is indicating a medium term bull if not like he bull market of 2017. Guys are requested to be positive and hold their coin for the better profit.

I think people are just waiting for news from Bakkt platform and when intitutional investors will start to invest in crypto. After some huge news we can see huge bullrun in any moment.

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We've been in bull territory for a while now. The question is whether BTC will lead or whether alts will go up at the same time. It's been a bit of everything recently. One thing worth noting is that a lot of alts fell harder than BTC did, so they may rise higher in percentage terms.

That is not really a sign of anything, most of those so called experts keep predicting yesterday price, basically they describe what has already happened and they never get their predictions right and they keep giving excuses about why that is the case, in my opinion this is just a small recovery since the price that we have been seeing for the past months was not realistic at all, but the real resistance to the current growth will start at the 6000 dollars level.

It is not good to rely on technical analysis without first knowing what phase of the market we are currently in, because according to Wyckoff's theory we are in the accumulation phase, this results in that anything can happen, it may suddenly fall and some changes at the level of the entire market in general, and the price of Bitcoin plummets.

Different exchanges have different movements in the price of coins, it is not rare to have a pair to be really popular in an exchange and in another one that pair has almost no movement, so if you are interested in a particular coin find which exchange is the most popular for that coin and open an account there and wait for the volatility to appear so you get profits.

we are bearish now. and of course towards bullish is everyone's hope, it takes a miracle to reach a bullish exchange in the near future. we seem to have to wait a long time.

At the accumulation stage, nothing usually happens. There may be short-term retests. But this should not distract the investor from the expectations of the distribution phase.

How long we need to wait for the launch? people get tired and lost their interest to it but once it is back, you'll see them gain confidence and will become interested again.

The bull run can't be stopped, we just have to be patient and wait until everything settles. We're heading to a better bull that's about to come because we've been with the lowest last year, though this might continue and we can only see slow gains but that's okay because we'll arrive there soon.

It looks like we are but we are just at a stable price of Bitcoin and i don't think this will be the road to the bullish market. Anytime soon this market will either go up or down depending on the sentiments of bigger names in cryptocurrency. All we could do today is to just wait patiently and see what would happen in the markets price movement.

I also believe that the bull run will happen this year or maybe in the first month of 2020 next year. Last week I saw the market cap almost 170 Billion but now I saw 181 Billion which is really good to see. Just be patient and buy tokens at a cheap price.

There was no positive movement last year, and then there is a positive movement this year does not mean that a bullish trend has occurred. maybe this is just a price increase that sometimes happens?

if the price continues to show a positive trend for a long time, maybe we will think we heading to bullish?

As crypto supporters and community members we should always stay positive and hope for growth but if you are asking about long term bulls i think that is yet to be confirmed for me recovery to previous high levels will mark the market strength and bulls dominancy which still seems a long way away.

we can not have bullish market in altcoin market because there is nobody who is willing to invest in altcoins. all those who are in this market are either bag holders who lose money or short term traders who only care about making the most amount of profit in which case they only participate in the pump and dumps to make money. pumps are not bull market.

With all these gradual increase we are seeing and positive news around, you still think we are bearish, what make you think so? Because you have not seen speedy climb ATH?

The market is partially in a bullish trend already, we are out of the bearish zone, we just need a little push more to be completely stabilized in a bullish market, from the bullish market, the market will continue to gradually appreciate as more factors set in to move it hire, and from here, we will see our ATH which might be towards next year after the halving, but we are all entitled to our own opinion, and it depends on how we all view the market.

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I hope you are right and we can see some real rises for altcions in the coming days. Btc is still bumpy so altcoins are falling when btc drops little, I hope this change soon.

I am among those that do not think this is a bullish move, a price increase that has lasted a few weeks does not qualify in my eyes, a bull market is a sustained upward trend that last a few months at least and we are not seeing that yet, this could be the beginning of a bull market I can concede that, but until that happens we can only say that what we are seeing is a correction in the price and nothing more.

if we see the dominance of BTC at CMC that reaches more than 54%, I think it will affect the altcoin price as a whole, and a bullish trend will be created.

I think so too. A sign of an uptrend can be considered an increase in local highs above a strong level. But BTC did not even hit the strong level 6K...

I think we are heading to a bullish market and even if it has not commence yet you will agree with me that the bearish trend is over and we should expect bullish trend before end of this year.  The side way trend will soon be over and I strongly believe that bull run will commence after that.

At this moment, I'm still bearish with the market and maybe some will agree with me.

There are saying that this year will be a bullish year for the whole market and I agree with them however, at this moment I'm still bearish and waiting for the price of Bitcoin to go to $6k. If the price of Bitcoin goes to $6k, the probability of a bull run will increase but this doesn't mean that a bull run will happen 100%.

I think the bullish market conditions are difficult to occur because there is still no good news that can trigger a cryptocurrency price increase at the exchange, so you should be able to buy a few coins when prices are still as low as they are now, so when you are bullish make profit withdrawals.

Well it is a good sign that we heading to bullish market, hopefully this year will happen I know it's impossible, but you know bitcoin can make miracle.

yes, market is in sideway now,
but, i'm sure the real bullish trend will come back to crypto market, if bitcoin price breakout the $6000 level
maybe the target of bitcoin in this year is about $10,000
then, 2020 - 2021 bitcoin price will make new high

In my own analysis, actually the main culprit of the issued ''when is the comeback bullrun?'' is the 2017 bullrun of the market itself. Its because its the highest scale the crypto market has reached so far and mostly many are still hopeful that that time will still be happening what if it would not anymore? What will happen?. And if we try to analyze, the market may it be stock or crypto is everytime prone to ups and downs no matter how we describe it as a bull there will always be the time that it will drop and its just natural, theres no any coin or token or any project out there in the market who didnt experience the down. Now lets erase that belief somehow and replace it with, ''How we can profit everyday by doing the right scalping instead of waiting for the bull crap many are still waiting.''

Hard to think if the market is having big pumps in these months, maybe the bear market could have gone for  few weeks but we can not know exactly will the market end falling and start rising again, after many weeks of being pumped recently, i finally think it is the end of bull run and about to be bear market, so i will say BTC can not go up at least in this month, it is not easy to reach 6000$ at the middle of this year.

The situation seems to be we are not in the bull run but with the increase in the price of Bitcoin makes us think that we are in a bull run. But people who are holding shouldn't consider it as the bull run and don't sell the coin for a cheap price and now it is the right time to grab as many low valued potential coins in the market.

what is happening today in the cryptocurrency market cannot be called a champion.  Changes in prices by one and a half percent. And at the top-rated cryptocurrencies, it does not give any prerequisites to state the opposite.  I think that we will have really much better results when the cryptocurrency market shows green.

So you believe the market is not showing green now, what level do you want the market to get to for you to believe that the market is already green. The only thing we are just waiting for is for it to be greener. The BULLS has been pushing the price upward and you cannot compare the market situation around January to what the market is now.

When in January, we said market was not green, we got the increase we want now before the Bull Run and we still think the market is not green, crypto is performing ok, most especially Bitcoin market and people are massively using it for what it is meant to be used for on a daily basis, which will make the market to continue become green till it becomes greener.

I agree where is this dump going to happen and what would be the cause, people are welcoming the ongoing bull run although very slow, but I'm ok with it, it's like one step backward and two-step forward, it's a steady growth that we should be happy that it is now finally happening.

I see these schemes and graphs do not work when it comes to the cryptocurrencies. It might seem today that we are on this way but tomorrow, the market can turn red. Everything is flexible.

It is particularly advantageous to participate in the IEO in a growing market. I can only recommend one such project http://gexan.io/

If we see 6k and it will keep raining then i think we can say we are in other way no but i believe we will even problems with betfinex didnt put us so downt market keeps green so all community must be optimistic now dont believe FUD as if prices go higher then i know we will see FUD, again and again, some very old news.

Certainly? Yes we are in bull market now...

Look how the prices continues to grow from the start of april until this start of May

Conquering to break the $6,000 barricade then after that we may see the market as what 2017 has

According to the graph's we are almost at the same situations as 2017 has,and if this will continue well there's no doubt $20,000 is near to come

I agree that participation in IEO in the growing market is a low-risk investment, but we still need to find a good project. Gexan looks good, I also follow its development.

BTC touched $6000 briefly is the best indicator
https://www.coingecko.com/en/coins/bitcoin

IEO is an evolution after ICO and it is a fact. The Gexan project website looks good, do they have their own thread on bitcointalk?

If I'm not mistaken, here it is. https://bitcointalk.org/index.php?topic=5136520

I see market conditions getting better and even a few coins are able to continue to rise significantly. But even so, I have not been able to call this the beginning of the bull because sometimes the market also moves beyond what we expect.

It has touched $6000 until now for some exchanges but if you are checking coinmarketcap and coingecko as indicator, as you can see price of bitcoin there is below $6000

Coingecko ~> $5,894
Coinmarketcap ~> $5,914

Don't need to call it as the start of the bull run, more pumps like this to come and the market will speak on its own when it's ready to be called that we're actually already in the bull run.

They just say it without having any fact, they don’t even why the support the motion that bitcoin will dump hard, based on what like you said. We are not in bull run that we will say people will start to panic sell, neither have we reached any interesting point that will make people sell off their investment for the profit.

One thing I have noticed about some of us in this forum is that we just follow one trend once we see that it is the direction that everyone is going without really making our own proper research to know if the trend is the actual one or not. We have to learn to always base out judgment on accurate analysis.

Of course, over the past two days, the cryptocurrency market has shown fairly good results.  Although if we talk about the opportunities of the bull market, the growth rate should be more active.  Perhaps we have already gone through a period of market stagnation and will observe a slow but confident in setting prices for cryptocurrency.

The price of BTC sink down to $3k and now its abut $8k, this I think is almost a confirmation. It be good to see finally BTC reaches to its ATH again but it may take months or a year before that happen.


There still is no reason what triggers the price of BTC to shoot to moon. But I guess its enough to see it goes up again to bounce back after all the cap reaches that high since 2017.

I think the bullish trend stage is not yet, because there are still many bitcoins to accumulate, it is really difficult for bitcoin to rise with so many still to accumulate, in fact we are in a phase of accumulation, the price can go up and down quickly, because you can be testing levels of liquidity in some prices, you may be doing tests to see that so much demand and supply are presented.

There is the possibility that there are bullish tramp, movements where they think that it will go up much more so that those who did not take the move in and suddenly go down a lot, that's where they fall into the bullish traps, is very common and usually happens at intervals of Very short time, either maximum 1 hour.

Normally the bullish trend stage will start when they have a very large percentage accumulated, because the price will be ready to go up without problems, is what always happens in all markets and applies to crypto.

there is no need to have a reason, the most important thing is the price has changed. I hope this will continue to go up and up without a word going down again. but if this year the price increase like 2017 is not possible..

Why not ? May spikes like this occur a few times more it is within reach. 2017 escalated in a few week of time. The bear movements will decide if we get there on what speeds.

If we can keep week 8k and go higher then i can say we are in bull market finally and i hope for that anyway we have all impulse to do that big companies start accepting btc and other alts as a payment method so this will affect to market anyway ,in Argentina BTC raised to new ATH 36k USD.

Bitcoin and Ether have brokenout through a strong price level. To confirm the strength of the uptrend, these coins should be above these levels. It takes time. Maybe three to five weeks. Then we can be sure of the uptrend.

Are the results that showed Bitcoin and ethereum over the past few days really can only talk about the beginning of a bullish trend in the cryptocurrency market.  I very much hope that this is the case.  Although over the past day cryptocurrency has slightly decreased in price and it is alarming.  Although I am sure that only speculators were able to bring down the price in order to earn on the difference in price.