Bitcoin Forum

Bitcoin price spiked above $4,900 and fell back down to $4,700 almost immediately
But the price continuously crawled higher and higher for the past 24 hours and it is now above $5k at $5,011 according to CoinGecko.
This round of price spike has no obvious fundamental factors or news affecting it and is fairly confusing to most traders who shorted in Bitmex.
Or are we possibly missing something out?

Bitcoin price: $5,011
24h Low / 24h High: $4,180.30 / $5,037.31
24h Vol: $27,012,290,123
Market Cap: $88,306,071,582

https://www.coingecko.com/en/coins/bitcoin

You spoke too soon mate:

Bitcoin price: $4,954.81

It seems that $5k, is the next obvious barrier that we can go get over. It we still have some steam going then we could go on another push in the next couple of hours if not then it will settled around the $47++. Not bad though, as the start of the week is really good as we have seen the price just went off. It's gonna be interesting what the reason though with the sudden price increase.

Seems bitcoin break $5K zone (Binance USDT). But we can see small correction right now. Currently playing around $4.8K and $4.9K. Seems bitcoin failed stay above $5K zone. However its look signal of bull run although we have seen little bull. Bitcoin need to stay above $5K for toward $6K. It should recover first before start any bull run. So we can't say right now what would be next run.

I hope bitcoin could raised USD 10,000 and make all of altcoin price will grow up, I have tired waiting more than two years with bitcoin still lower price, by the way hope the same with altcoin could raised up to higher price again.

I am confused by prices that have risen as short as this, but for all BTC investors in the crypto community who celebrate this step need to be careful because the exact same thing happened just before the big decline that pushed it below $ 6,000.

Everyone was a crypto and investment expert when the whole CRYPTO market was going up. There were threads opened everyday.. Even at times, the entire frontpage was filled with crypto threads. Then the market crashed and all so-called experts slowly vanished.

The bull and bear are fighting each other in the market. They are trying to get a correct here. Have you seen the pullback in the graphs? I'm pretty sure $5,000 will be a solid price in the coming weeks.

Right now it is at 4.9$k which can be considered as testing of 5k resistance level. If it won't break it then BTC would fix somewhere around 4.5-4.7k
Ofcourse hopefully it will break it and go forward to 6k and further but I don't really see a reason why it is growing right now.

I cannot imagine how long we need to wait for the price could raise that price because we still need to increase more than $5,000 so we can reach $10,000. But I am sure that it will reach that number, you need to be patient. Meanwhile, did you are not happy to see the price now can increase more than $4800? Because many traders in out there are selling their bitcoin to take their profit, and they don't want to wait for more and besides that, I am sure that they still have more bitcoin that is waiting for the next pump.

If you feel tired, I suggest you take a break from the market for a while and don't watch the price at the market because it could make you decide to sell the coins you have and you know that you cannot make a profit if you do that. It is better if we could stay calm and take the benefits from these situations and if you can take the profit now, it is better to take the first profit than to wait for another time.

Totally agree with you on this. It is very clear in the previous bear market where most were very quiet and only a few that is serious about things here are making the actual progresses

we have seen bitcoin around 4.7k and 4.9k respectively for the past 24hours, this may be a sign of a bull run though it is too soon to draw up a conclusive decision, let's keep our hands cross and watch how things plays out in the next 24hours.

Obviously, we can reached that price, but it will take time as we don't want the price to be artificially pump just like we have seen today. It's going steady @$49xx at least it's better that just hovering above $4k and we don't know which direction it's going. At least a good break-out run as pointed out in some TA.

24 hours? That is a very small time frame. How about a month? That sounds better.

Bitcoin is hovering in the $4.5k to $5k range currently and I feel like it will stay in that range for quite sometime before breaking out again over $5k and heading towards the next big barrier($6k).

since bitcoin is not a pump and dump like all the altcoins, then your title doesn't make any sense. just because price has gone up it doesn't mean it is automatically a "pump" just like a price drop is not a dump.

a pump and dump is a manipulation which doesn't last either. as you can see with altcoins as they go up they always without exception come back down whereas bitcoin has been rising constantly with corrections after bubbles which price ends up higher than the beginning instead of going back to the starting price ($900 for the last bubble).

In my oppinion you are definitely missing something out... the guys that draw lines on the charts are just puppets of the market makers, and they will instruct their followers according to the market maker signals... with so few participants and a relative small cap, crypto market is surely easily influenced by individuals/groups...
think about it, two days ago, the gurus were spreading fud... followers shorted... market makers got their money

After getting depressed for couple of months becaus of huge loss and market crash am coming back to crypto world and community . Hope this bull run will not be a fake also I wish it will continue atleast till July then we can recover most of our losses for . Hoping for good days to come .

price is not yet completely above $5000 but it is moving towards that. resistance wise at the moment there isn't that much of a resistance on the orderbooks because we have just exited the previously long and strong resistance at $4200 and right now people are expecting the rises to happen so they don't place that many sell orders to cause any resistance.
so if we continue with this rise we can easily see price crawling back up to resistances much higher than $5k and $6k. but if it gets stuck here for more than a day or two then it becomes harder to break it.

Still too early to tell, it just has been 24 hours and the price is still spiking. It seems that no one has bought the pump yet even after reaching 5k levels for a while. It immediately went back to 4900 after reaching the 5k level. I say we can find a new bottom once we break in 5500.

At least it breaks $5k already, today's highest rate was $5,037+
Many people wishing to see the other jump, at least 5,100 in the next few days will be good for the market. Once it keeps on rising then we are facing the bull run, but if it keeps on this current market then we cant expect to see the bull run sooner.

That's right, the increase in bitcoin at this time does not have a clear basis and until now there has been no thread that has the phrase.
I sold my bitcoin last week, and now I feel sorry, huh

The price was fine I stayed on a level. After a little rest, the price may rise again. If this happens, we can say good times are coming.

It is not just a bomb, it is a movement that was preparing, by looking at the graph you can see that the volume of the movement was something big, and its movement in the market too, which, the operator had to realize that previously at those levels of prices was not so great and could overcome it, however, when analyzing from the theory of Wyckoff, you see the fact of Effort-Result, and you are waiting for reaction from the entire market, the best that can happen is that is stabilized in these price ranges, producing a lateralization, so that it continues to rise gradually, and the bearish sentiment is falling its ideas, it is all a matter of waiting at least 1 week to see how it continues to develop, but the environment is very positive , the iversores are encouraging themselves to buy more.

the most important thing about this rise was the strength of it based on the buy support that it currently has and the huge spike in the volume in buy orders that has been happening in the past 24 hours. so you can't possibly say it was a "pump" unless you have little familiarity with the bitcoin market.

not a pump  ? then what should we call it ?  a  bull trap ? so what if its a bull , most users already sold thier hodlings that is the reason why the price deceased a little . and if its a bull trap then why the price still remains at 5k usd ? hmmpff ?  oh well  ,  for me , the 4k that we expeienced last time is i already considered as a pump  and  i dont know any term to descibe the incease of the price aside from pump .

After it reaches $5k, the price went down a little bit. It backed down to about $4900+. But, look at the bright side, the $5k resistance was broke now. That could have a new support but, I don't know why bitcoin went down again at 4900.

In the news they write that the rise of Bitcoin to $ 5,000 is allegedly due to the error of trading robots, which worked after one of the traders bought a large amount of BTC at several major crypto exchanges. But honestly, I do not believe it. I think the market is ripe for growth, and we are apparently beginning a new uptrend.

It is kind of weird for the Bitcoin which has 10-15 billion daily volume. I guess pump first affects and then retracts. Anyway, yeah, we are closer to the bull market and continuity would be more reasonable.

5,000 appears to be resistance, so while the price may have briefly eclipsed that level, it came back down. It will likely retest that level, but before then it may dip on some profit-taking.

I think the trend starts like that, first it pumps and comes down and one fine day it starts increasing again but people do not buy with the fear that its a pumping and dumping game again, this time it goes up and up and this is why whales earn in this market and most of the people lose their money here. I believe Bitcoin has spent many months at low price and now community wants it price to be appreciated.We may see a good bull run in near future, lets hope for the best but be prepared for the worst.

The current bitcoin price movement can be said to be very fast and a surprising moment for all bitcoin investors. After falling below US $ 4,200, the price of Bitcoin has repeatedly tried to stay above the US $ 4,000 limit. thanks to encouragement from traders for the past 24 hours, BTC prices have managed to break above $ 5,000. This is a big advantage for investors investing in bitcoin before the rapid increase now.

It seems we're going to seriously go for that 5k mark again and this time i hope it gets sustained. I'm watching the price from binance and it did go to 5030 at one point. A few more bucks at the moment and we're back at 5k. If it becomes our new support line then the second quarter of this year would be quite promising. The entire 2019 could be promising.

I thought this was the hand work of some whales that could lead to bull trap, but it appears we are set for bull run. Should this momentum continues, Btc will cross $6K this weekend. Who knows, we may hit $8k next weekend. I just hope this is sustained and the FUDers pack their loads and never return. Let the part continues.

I'm kinda conflicted with these events unfolding. Of course I'm glad because bitcoin's price is increasing again after many months. However I am worried that this would affect the price on the long term. It's like q4 2017 all over again. Price would increase at a fast rate and many newcomers would enter the market, only to get burnt when fud happens.

these guys claim that the price will be 23 in may. what do you think about this?
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019 (https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019)
is the name of the article: Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019

last day I saw a big bullish candle and today Bitcoin continuing a bullish trend. I think this breakout validated. now I hope Bitcoin price goes to 5800/5900 then we see a correction. It's just thought don't take it seriously  ;D

Can Bitcoin (https://coincodex.com/crypto/bitcoin/) break the $5K resistance level? Read more in this technical analysis article:

https://coincodex.com/article/3352/bitcoin-price-analysis-btc-rally-continues-the-attempt-to-close-above-5000/

$5k seems nice but you have to remember btc still needs to 4x to get back to the previous all time high.  There is still a lot of room for growth and buying in currently is still a very good choice.  Don't be surprised if we get a few more pullbacks on the run up to $20k this time.

We will be seeing it, it's still very bullish now and I am enjoying the market movement.
Those who constantly check the market, this is your time, just keep looking at BTC price as anytime it could jump high again.

We did not expect that after the April fools where we really enjoy here, BTC will have a big pump, I thought it's too early but now I realize it's just right.
Just like the old days, we didn't see it coming.

We will eventually get there, but it won't be an overnight process. It's good that the price is really picking up in the last days or so. So obviously, lots of leg room but at least we are now heading on that direction. Of course there will be pullbacks along the way, but if this is really a bull run then it's gonna be difficult to contained or stop it.

Actually, the price broke the 4.5k level during the pump to consolidate around 4.7k before shooting up again to test the 5k which is the price at the time of this post. So it's not like it's been fluctuating around 4.5k-5k.

About staying in these levels, that's what people thought yesterday when the price was stuck in the 4.7k range, and less then 12 hours later, it's sitting at 5k. So, we're at the point where it's very difficult to predict what the next stop is going to be, I've read some comments from people saying that we won't see too much resistance (or at least pull backs) in the 5k's meaning that we could be heading to 6k very soon which is definitely the next big resistance level.

It took a shot on surprise and now we are in unclear waters if it will hold. Without 'big' drops it can be a new bottom for the upcoming time. It still seems bright. : )

Im hope this up trend will continue as we all need this so much. Cryptos still have hope to raise again this year. I wonder if bitcoin will surpass it on high this year. Who know the trend will continue rising again just like 2017. We all will hit a jackpot.

Maybe is not just a pump bitocin grow in short time to over 5000$ from 4100$ when i check last time and last week was also under 4000$, maybe now more people join crypto and buy bitocin now and will hold until bull run coming.

it seems that the expectations of the holders are starting to look bright BUT we don't know whether this is real bullish trend or just price manipulation, okay we all now has see the price already up. but how if suddenly it turns out next week back to the price of 4100 usd. who knows hmmm ???
you can happy now if you are is trader or holder who use short-terms method you can sell it now or buy again, up to you.
Honest opinion, I still doubt if this is a real pump.

I read some article about that price jump it is because of a $100 million dollars buy orders for Bitcoin in several trading platforms and some professional traders are also amazed at what just happened, I don't know if it is true but it does make sense on what just happened today. The price jump of Bitcoin is unbelievable and most of the altcoins got pumped too by Bitcoin's huge movement. If Bitcoin will continue this price progress it is not surprising if it hits $6,000 to $6,500 dollars within a 24-hour span. :D

Whether it is an predicted growth or something a pumping, all has happened without any form of manipulation. This way it seems to be the right form of price increase. The price move over the falling few days will give a clear data about the market and the upcoming scenario. With the present situation I believe this form of growth will continue in a gradual manner throughout the month as a large scale growth is attained at the very first days of the month.

$100M per BTC would be too much to really gasp, probably not. Its just a wishful thinking of the famous guys in crypto like John Mcaffee. But I would say $6500 would be easy if this rise continues to next month and maybe even $10k by the year end. Altcoin gets dragged up too that's a good thing.

I don't know why the context of the thread is more likely pointing to speculation instead of proper Bitcoin discussion. Anyway, With the recent pump, I feel like the community is like finding an oase, I don't know if it happens in this time or in the past, or maybe I haven't experience in it. Nevertheless, it makes sense since the community had experienced a long-lasting bearish run.

I think we are now safe at $5k the price is playing at $4,9++ -$5,000 .
It would be great if this is the start of the bull market or if it isn't then let's just hope that it would stay there for long and wouldn't be dragged down.

on one hand, I do hope Bitcoin rises higher than ever before. on the other one, I wish it could stay low for a little longer so i could invest more hahahaha. I know it's going up eventually anyway. It sure has been interesting seeing the development ver the last days, but as others stated it is too soon to draw any conclusions.  ::)

I got a strong feeling that we will be having a strong test in resistance when we reach the 5,200$ level a break in this level if broken will just confirm that we are really in a bull run. Remember that the last time we visited the 5,200$ level BTC instantly got down to the 4,000 and 3,000$ level. For Bitcoin this might its biggest test and the whole crypto market is depending on the next price increase for the long awaited bull run to happen.

In my opinion this is not an upward trend for bitcoin, so from that it remains cautious to continue bitcoin investment. even though the price has reached $ 5k to date.

As you can see, reverse is the case, many people are even buying more because of FOMO from the bigger event, which long term investors will be waiting for BTC to rise slightly above $5500 with all these promising factors we have on ground that could accompany the value of Bitcoin to reaching $12,000, those must be small investors with little cash but the big time players in this industry are waiting for the price of Bitcoin to reach its ATH before they can even plan on trying to remove it and not to talk of a bottom price here. Every investor should better wake up from their slumber into reality and not miss out because of their fear.

But we already break that barriers since bitcoin is now sitting at $5,000 level and holding now for several hours till now.i guess were on the bullish market because that more than $20 billion volume of trades only happen when bullrun is on the house

But what matters most is we seriously passed through$3,000 and $4,000 and if this continuously shows this dominan,then biull is now on progress

I guess it is just people realizing it will not go bottom anymore.

When the price was going low to 6 thousand and change all the way from 20 thousand dollars it could drop and it did drop and that is why it went down, the more people sold the more waves it created and it continued to drop.

However, when we hit those 3400 levels lately it bounced back, people who sold tried their best but the price didn't went down, after that it was just matter of time when the price of bitcoin would go up because when it doesn't go down it stays the same but realizes it can't stay at the same place forever so starts to go back up. So, this is just short future lovers accepting defeat and moving positions to long futures and allowing bitcoin to rise once again.

Mt. Gox Trustee Warns Against Mass Sale Of Bitcoin (BTC) Fork Coins Such As Bitcoin Cash (BCH)

dont buy .....and beware of big dump of Mt. Gox  users

Where did you see this news?

like I've said before. BTC prices skyrocketed as well  other altcoins that have followed the BTC trend. in my mind this is not just an ordinary pump. I believe in the next few days BTC can pass the $ 6000 barrier. this period will last for several months. this is part of the trust market participants who believe this is a positive market period.

The price boomed so well in a very intimate ways, but not so alarming for now and yet started to gain a good momentum. This has now stabilized after fast rising trend occured, so therefore there's more chance for our holding to aim for a good target as price will soon bounce to limitless actions. Hopefully many traders will soon be overjoyed with btc's overwhelming performance throughout the whole year as well.

Is there any good discussion/speculation about the Gox proceedings anywhere? I read a summary on Cointelegraph but it didn't say much. A friend of mine expects the coins to be released in civil rehabilitation in a few months and thinks it'll provide a bearish catalyst for price. He might be right but it all depends on the timing and market sentiment when the coins are released.

 Let see how far will bitcoin grow this time, because the more we expect the huge disappointment we conquer in this kind of scenario that may also lead to lose the trust we built from the beginning we penetrated on cryptoworld. Somehow, bitcoin's value grown stable and it is hard to declare the huge pump right now due of lack of speculations. But we have to be more optimistic and observant on what will happen the next day, let's just keep positive and trust bitcoin untill it will reach the barrier peak.

In just a short time of pumped up, I think this is a nor fluctuation of bitcoin that a common resistance that probably turns to a big correction. So, we must be careful about it, we don't know it's a trap. This sudden grown up did not have any good news that we can refer for and prove that it is now the start of a bullish trend. Due to the unpredictable market, it's too early to conclude and decide.

I think that the price of 5k will be a good test for bitcoin.
If we manage to see that the price is going to stabilize or move around 5k then we can say that it is not just a pump and we can welcome the bull market and start thinking for our next investment decision.

Indeed, its hard to conclude and we need to make sure about any movements that we will going to take, seems that this current pumped can be an artificial as there's no clear information about the rise, look deeper and try to watch for a possible whale playing around right now.

BTC definitely entered a new stage...
The problem you need to realise is that the market is VERY small, and a few people control a very large part of the available BTC, so, people can draw the lines they want on the charts, but when a market maker decides do go in one direction... it just goes...
They have been continuously earning money with traders that follow a few chart "gurus"... just think about it... on this last example, everyone was screaming that BTC was going down... and people shorted....

It's still playing betweem 4.8k and 5k so we're pretty much moving sideways after it was "pumped" A few days ago. If we can establish a strong support above 5k then probably we can say the bulls are on their way. But this isn't their market yet.

A few days ago the information was printed on the Internet, that One Bitcoin buyer purchased a sufficiently large amount of coins and this served as a quick jerk of price increases. Logically, demand always creates supply, and therefore, if this trend continues, we will be able to see real changes in the cryptocurrency market.

Since the price stayed for how many days now, I don't think there's a trap near us but there's still a chance for it but kinda low I guess. The first time we reached $5k it went down for few hundred of bucks and then goes up and maintained in $5k+ now. So most are enjoying the show and doesn't think of it as a trap.

Well, bitcoin is increasing these days. We had a sudden pump which broke the 4200$ and after that we are moving slowly in upward direction. As long as BTC do not pump hard, the natural slow movement of BTC is better for stability.



Well, we cannot still say that we are safe and bear market is over. We have a strong resistance at 5400$ and once we cross it only then we can confirm that bear market phase is over.

I've read about that as well and it just goes to show how easy it is for big players to start a trend and fomo wave. People are now talking about bulls runs already  where in fact, if a single btc transaction can pump the price that quickly, the same kind of transaction can pull us back in no time.

Thats not a usual market volume and i believe that more than 20 billion dollars for 24 hours only happens whenever theres a bullrun happens,please correct me if im.wrong so above $5,000 means there's a.good thing that's happening now,and if this is the start of bullrun then what are we.waiting for?purchase now before its too.late

That time could be the right volume for BTC, I can give you another source from https://coinmarketcap.com/currencies/bitcoin/, you can see that today's trading volume for 24 hours is $16,979,460,040 USD, and it could maybe gone down because the total trading volume also dropped.
At one point the total trading volume for the entire market reached to over $80 billion and since BTC holds a huge dominant rate, it has at least $20 billion trading volume that time.

I would say that trading volume is a good indication. Although it has gone down from $20++ billion, still the volume is solid at $16 billion - $17 billion now, for me it means that more investors are coming in slowly that's why the push to $5200 now.

It almost double that volumes when the price is trading sideways. So again, I'm not saying that we are in the bull run already, don't want to jump into that conclusion, but we are slowly in the boundary of bullish cycle if we are going to look at the trading volumes now.

The market will rise eventually, the bear market is off the clutch but that does not mean that the price of bitcoin will soar again and touch the all time high valuation in the next few months, the market will recover along with the price of bitcoin, but there will be a time when everyone starts selling the rest of the coins and entering into bitcoin when the bull rally starts.

We will break every resistance in the next couple of years before the bull run, earlier the resistance was around $4200 and now the next level of resistance and hopefully we have a good support at $4200, the bear market is over, but we will see a range bound trading till we see a bull run.