Bitcoin Forum

Price USD: $5,313.779
Market Cap: $93,729,417,817
24h Volume: $15,386,614,537.806
Available Supply: 17,638,937
Total Supply: 17,638,937
Maximum Supply: 21,000,000

Change 1h: 0.01%
Change 24h: 1.69%
Change 7d: 4.85%

Last Updated: Thu Apr 11 2019 02:09:32 GMT+0000 (UTC)

BTC has another minor rally. Fundamental still the same. Remember to take partial strategic profit and don't forget your stop loss and some on holding too. To cover all case scenario.

Minor rally?

Really?

I have my doubts.

https://br.tradingview.com/i/ZW9OLqTM/

So.we are now heading to the bull run? Well good to.see your expectation and hope it will going to meet up. Though we knlw that bitcoin market is unpredictable at least in the image we can see something good.

And I guess bitcoin starts to.gain interesting event especially this days that many prediction were happening and even it surpasses. I have read in a user twitter account stating that bitcoin will reach 5 k in month of May but we are still in April and bitcoin market price already in 5 K usd.

We already had in the recent history a couple of "bull trend starting" periods, as you can see in the image.
I hope that it's a bull trend, but it's safer to say it's just a minor rally and keep your eyes open for what's to be next.

https://talkimg.com/images/2023/05/14/blobfc992695e4bdcc40.png

Yep. Currently we've only retested 5500 support after breaking it few months ago. That's normal and happens very often. Its much too early to assume that bull run has started.

Price was pushed quite hard but it was mainly done by short liquidations and short stop losses.

You spoke too soon about this minor rally, as the price is now just a shade above $5000. Not really sure what cause a 3% fluctuations today, but probably speculators again shorting and trying to squeeze and make some profit today. Although we have been green in the last seven weeks or so, specially last week's massive rally, it's gonna be another close call this week. Yes,  I see the price goes to $5300 but it was short live and I though the price could be sustained around $5150. But there wasn't enough bulls to push it again, but we will see how everything turns out at the end of the week.

That is truth and people are taking this minor rally as a dump.  Since it is still above $5000 I think it is still very strong. Cryptocurrencies market is having great favour from investments community and we are to see this condition as still very strong. 

Seems like a positive minor rally. I think the current trend will stay around 4.5K-5-5K between the following two months. Then later in September, we will see another short rally and more till 2021.

this is a very difficult question to answer, many people made pessimistic forecasts and the price increased a lot showing that it is still difficult to predict the prices. If you make optimistic forecasts, the price drops showing that it is very difficult to predict, this has happened since I met bitcoin.


this reminds me of one day I've seen many technical analysis in the tradeview (https://www.tradingview.com/ideas/tradeview/), I wondered: why the tradeview guys do so many technical analysis when they do not hit anything? and I confess that until today I do not have the answer to that question


 ;D

The good thing is that Bitcoin, having risen lately from $ 4,000 to $ 5,000, does not fall in price yet. Now he is behaving quite steadily and this gives us hope that he will soon continue his slow growth.
Of course, the cryptocurrency quickly responds with its price to any news information, but so far there are no serious obstacles to the further growth of the cryptocurrency market.

I am happy with the recent movements in the market to be honest i am not sure about trend change as of yet but atleast we are seeing good volatility that was missing in most part of the last year i hope market will improve this year and will steadily move towards recovery.

It is slow but I have already thought about this.

It is better though. Let us not make newbies jump in again without thinking just because of the short time pump.
Makes them wonder too much that they could be millionaires in just a day or two.
That should be prevented, and this way could be the best.
Slow and steady while letting newbies do their research first.

It is not about the technical analysis when it comes to full on huge bull run, like small ones we had before is definitely possible even during a bear year, look at 2018, we had many days where bitcoin price went up, I distinctly remember bitcoin prices moving from 6.5 thousand dollars to over 8 thousand dollars last summer and everyone was excited about going back to 20 thousand dollar, than it went down, I remember before Craig Wright sold a lot of coins we were at 6.5 thousand dollars and was expecting a new increase again right before it went down to 3 thousand dollars.

So, all in all bull happens all the time, that HUGE bull that took us to 20 thousand dollars happens once in a while, in order to beat that we need to break all resistance ahead of us and if we do than usually there are no more big resistance left so we move very quickly to high prices.

I'm on the fence because there's no clear long term signal yet. It's still a time to take profits wherever you have them. To me, right now is a clear profit-taking opportunity for sellers since this is the first test of resistance from last November. It's way too early (both structurally and in terms of time) to assume this move is comparable to the November 2015 breakout. And even if it were that kind of breakout, there's a 60-70% pulback coming afterwards right? It's probably a good time for both bulls and bears to temper expectations.

I'm still waiting for a test to find out where the resistance is. Many alts have made big gains, and it is likely that we will have big sales. This will give Bitcoin liquidity for a few days until the resistance is tested. As at the weekend the volume is minimal, it is very likely that we will see abrupt movements of speculators.

Slow and steady increases is the best for those who care about Bitcoin, but those who don't care about it literally don't care about it. All they see after or during an increase is their imaginary stack of fiat pump hard, but in reality they'll end up getting rekt unless this is another mad bull run, which I highly doubt.

I also thought things would be different during the 2018 bear market, but we crashed just as hard as we always did. Better fundamentals didn't help it bottom out 50% below its all time high, instead, it went down over 80%. This is pump and dump shit. It's nothing like something that people actually value and use. It's horrible.

Currently having a bearing trend, a small correction before to make a big move again. Bitcoin is just waiting for us to buy more and the price drops to save us a lot of money so don’t waste your time just buy more. Bitcoin will move high after this Month so it would be grea for all of us.

While I think medium to long term, your chart would demonstrate a likely scenario, in the short run corrections are still imminent and rallies that happens can't constitute an actual bull market. Yet.


I think that OP's advice is the most logical/rational thing to do here.

A correction was going to come as a matter of time, sooner or later, as rallies in the short term of this size simply can't be sustainable. If you are holding for the long term, this dip, if it does go below $5k could be an accumulation opportunity. Just make sure that your buys are relatively spread out

Then what can you say that after almost 24 hours of posting this bitcoin drops %7?sitting at $4,958 and has a market capitalization of $87 billion?what can we call this “minority BEARISH?lol

But i am still optimistic that this are only a small dump and will followed by pump within days

Haha,,, I think what happened was that people were all thinking like OP. Bitcoin hit a high for the year and automatically they made their "strategic pull" to take some profits after buying below 5000. IT makes sense of course, who does not want to make easy 10% profits knowing the price will go down as a short term correction? Problem was everyone did it and the price just dumped. Easy come easy go.

I believe it should have experienced further growth than that, but being delayed because of the people taking partial profit the OP mentioned, but it is quite still on a strong lane for now and despite the partial profit some short term traders are taking, it is still maintaining the $5k trend and I am very certain that in a matter of few weeks more, it will gain another 20% increase of its current price, like it did the last time, so we are still watching and seeing more fundamentals that will contribute to its further growth which will further assist the coin to go fast on a bull lane to its highest price, that will can all pick from.

Let's wait for that moment come I also see some positive uptrend for bitcoin after a dump happen recently now the market start to maintain the $5000 level is this another increased? Hmm we dont know how the bitcoin flow again.

That is right, the dump is just a partial ones and those that dumped will still put in the money back and as they create dump, so many people too are very close to making massive decision in adding more fund to take advantage of the dumped price, I am sure within the next couple of days, we will see another major pump in the price of BTC, leading to more FOMO that will make it spike above $6000, at every point of increase, we will always experience little dump, but enough to force the market to bear again.

So, those who are dumping should also be careful not to miss out when the pending investors speedily take advantage of the price, which the speed of its increase might make it difficult for them to buy dip again.

In recent days the stagnation continues, and the price may move downwards. I do not know, actually, I thought last increase's continuous will be better. Even, the price rose to $5400, but the end is still unknown.

Indeed is good that bitcoin has some grow and now the price is more good and the price will grow more if the people will start buy and not so much will sell.

we have already entered the upward movement and a good momentum has already shaped up so any actual "drop" is highly unlikely at this point. all we may see are small corrections after each time we set a new high after the bottom. like the $5500 high which was followed by a correction right away.

with BSV nonsense coming to an end and the token dying for this drop below $6k is also coming to an end and we are going back to the price where bitcoin should have been above a long time ago.