Bitcoin Forum

It is all green once again across the top cryptocurrencies as Bitcoin crosses $5,600 for the first time in 2019, setting up the market for an upward movement that has been anticipated by many.
Read more here: https://www.cryptofish.com/blog/bitcoin-breaks-new-highs/

You spoke too soon, as per coinmarketcap, the price is already on it's correction, at -1.23% and currently standing at $5,499.09. And so we don't want to talk about this new highs in 2019, it's too early to celebrate much better if we are going to look at the next quarter and see if there's a big price difference. Although this year it's good to see the price somewhat bounce back from the last all-time-lows. So let's see how dip this pullback goes.

My guess is that in a few months we'il be close to 10K. This is because the price of bitcoin before halving always starts to rise. And I guess, it has just already started.

There may be more ups and downs, the overall up trend is not changed even in 2018. Another dip below 4000 will be a great chance to buy more bitcoin for many who have a stable income but not much savings.

Many speculate this is the start of a bull run in the market but it is still too soon to tell because what news was there to back this up?
Usually to have it sustain and hold this upward trend there has been some good news in the cryptospace right before it happens.
This was the same when it reached its all time high but this time what news was there? I havent seen anything of significant importance to mark this as a strong bull run like it was last year.

Now after crossing the $5600 it has fallen reaching $5500. Along with bitcoin each and every altcoin has declined in value. Further when this will move forward is still unpredictable, same as that we don't know to what price it is gonna fall. Going through the market scenario it looks like that the price will continue to rally forward.

It's already down at $5,463 (as I'm replying to this) don't trust too much on what you read over a blog or a crypto related website. And it seems that Baofeng is right that there is a correction on right now with the price of bitcoin. We all anticipate too much on the price and yet we are forgetting that you cant anticipate or predict bitcoins price because of its volatility.

There is always a correction on every solid green bars. Don't over read TA guys as they didn't know themselves if their prediction is right or wrong. As you said, BTC price is very volatile and so the TA will not gonna work since it can be easily manipulated. In conclusion, Just HODL BTC since it's the future. There's a lot of things to be considered to stay bullish as always.

according to my graphic, its going to back 5270 to retest, then up to 6010.its not possible to brake 6k in first attempt so i think its going to stay between 5250-6000 for a while. i hope this scenerio will happen because alts going to breath and we really need that.

Bitcoin is still at it correction stage and the price of bitcoin is gradually gaining ground and the chart is turning green, the bull is about to start running. And haven achieved $5600 price is the highest all time high in 2019 after the market crash of the year 2018.

I am not surprise that bitcoin already hit in $5600 now. Because all we see the number of merchant who already accepting bitcoin as a payment and now that bitcoin's value is increasing many investors are now giving they trust to invest of bitcoin. And I am also believing that bitcoin will beat it's own price value $18000 last 2017.

Correction is started.. slowly but from last month everyday grow..

The bias is upwards at this point, but bitcoin is highly volatile and is known to dip shortly after each golden cross before resuming higher. The golden cross points to the early stage of a bull market.

Everytime the mempool gets full, it starts correcting:

https://jochen-hoenicke.de/queue/#0,2w

It's maddening that after all this time it's still not fixed.

At some point an alt will appear that doesn't have these problems and will gain market share.

Already below 5500 $ can drop to 5200$  maybe it will be more healthy even
Break 6500$ will be very hard and we need more time for that
There was big hype yesterday about golden cross so if golden cross will work in positive way then we will see that from tomorrow rather
But it  dosn't work in a case of ETH
There is also golden cross on ETH chart

It's fine to see the price decreasing like that. It's normal, some are taking profit. As long as the price showing resistance in $5k, it's all good. I expect again a decrease like this if we reach $6k and will go up again and will going to show resistance in $6k for the 2nd time btc reaches it.

That is the highest value bitcoin reached this year 2019 and I believe not only that because it will rise more than and we believe on that because for sure bitcoin can rise more because many investor to invesg again. Im so much happier before end of April I hope price turn into $6000 or first week of March.

We are facing little pullback even bitcoin touched $5.6k. But I think current trend is healthy enough and we will not see big pullback. Yes, this is all time high for 2019 only but we are too far from ATH. Although I am not expecting that this year would cross ATH but at leas should break $10K zone end of this year. Investors are coming back and few positive news around market. So up trend should continue since bitcoin holding strong zone of $5K.

Obviously, it's clogging because transactions (buying/selling) also spiked.


Of course, sooner or later we will see some corrections along the way, there's nothing to worry about as it's on the 'overbought zone', and as a result people started to sell right now. We can say that we are still in the bull-run though, maybe at the end of the week we will see the price going to $5600-$6000. I read that people are also categorizing bull-runs right now, so I might say that we are "mildly" in the bullish zone.

The price for 2019 is reached and the same didn't last for a longer time period. Now for few days or weeks time the price of bitcoin will move between two end prices and further we can experience gradual growth of bitcoin. Moreover when the price of bitcoin cross the $6000 can confirm that the bull market is confirmed.

It looks like Bitcoin is struggling to breach $5.5K. The current scenario looks very different from what we had in 2017. Back then, there was strong demand which was neutralized by strong supply. But now, both the supply and demand looks weak and the overall trade volumes are down. So there is a chance that any upcoming rally will be more mild and moderate.

A lot had change, we are seeing a different approach this year but it's still good to see it rise.
The big difference now IMO is that only bitcoin is rising, altcoins are still in bear mode and therefore they could not contribute to the total volume.
However, looking on the comparison from last 2017 and today's trading volume, I can say there's also an improvement because volume now is $54 billion
according to https://coinmarketcap.com/,

I was thought that this time Bitcoin may reach $6,000 but unfortunately we're encountering little pullback. Anyway, I have still nice feeling there lots of space to go. BTC dominance is over 50% and It has maintained its support zone for a long time overall summing up the situation with the exception of BTC blast sooner.

A lot of people in cryptoworld are now asking if this is the start of bull run. Good to see taht bitcoin finally reaching this level a little more pump and we can touch the $6k but right now bitcoin suddenly dump and after that we will move again, for the altcoin this movement is not good because their price slowly going down.

That 2017 strong demand is purely a hype. The attempt to bring the price upwards were aggressively push that results into people that just put money on cryptos thinking it's easy to have a decent profit out of it.

I also don't considered current demand as weak. It's just that, it's supposed the usual price movement.

Want to see a slow rise with good resistance at a certain level rather than a quick jump without any foundation.

What happened today and yesterday is quite an expected phenomenon because in the very near future bitcoin will have to show a sufficiently large growth force, it will happen in a week, and in a couple of months it’s not so important. What is important is that the market has now turned in the direction of growth and continues to increase its previously lost prospects and positions.

Now it's all red

https://i.imgur.com/AFJ0Doj.png

you should already imagine that the panic sale already must have started and when this happens, many people do not sleep thinking that the price will fall to $1000... this is a cycle that will never end


the problem is that people create many expectations and after the price falls a little they already panic

Yeah, transaction activity between exchanges is probably spiking. It always does when price spikes. In addition, we have a new issue to contend with: spamming from the Veriblock protocol. (https://news.bitcoin.com/mempool-spam-and-rising-fees-the-consequences-of-veriblocks-mainnet-launch/) It uses OP_RETURN transactions in Bitcoin to secure altcoins.

Unfortunately many people start selling once the price rises to grab as much tiny profit as possible...which will drive the bitcoin price down as usual.
I would say some expect it to be less than $1 which will not happen again!
For me till the price is sustainable above $5k, it is a good and a promising sign  :)

They'll have to wait for forever if they are still hoping that $1 price, it's too late for them, they should have invested in the early phase.
$5K is really stable at the moment, this price behaves like we are in the $4K range, a little fluctuation but over time it rises, I'm seeing $6K here anytime soon.

Been heard some of this from some websites. You sure had the same speculation, I guess. And that being said are happening right now. After breaking the $5600, seems it is now on a bear trying to go down at $5,200.

I strongly believe that $6,000 is really near.  Just a few recovery and corrections and another bull run will gonna happen.

Alts have gone down during the last 2-3 days. Initially, they were also in the bull mode. Bitcoin dominance is now inching closer to the 55% mark, and I think if the trend continues then it may even rise to 65% or 70% by the end of this year. A part of the lag with regards to the alts may be due to the negative incidents surrounding BSV.

it is not "all" green.
just like always it is bitcoin price rising while altcoins are getting dumped and at the same time since they don't get dumped in equal size to bitcoin rise (in opposite direction) their USD value looks to be rising and it deceives the observers who look at coinmarketcap.com into thinking they have been rising. but if you are a trader and are in the market you will see how the price of them is dropping.

I think I agree that this rise is in preparation for the next halving, although the halving is still far, which is around May next year, but these signs are already enough proof that Bitcoin BULL will be a huge one this time around, with the improvements we are seeing now that the halving is still far.

So I don’t think I doubt the prediction that Bitcoin value might hit $150,000 at the peak of the bull run and if we look at the price value we have now, despite the fact that market is already increasing, it is still very cheap to buy now, so I think many investors would want to see the point now as another entry point, since we already have the green light.

The new record set is a proof that the market will continue to get green even though the price has corrected, but since it has shown its strength to break above $5500, it shoes that the bulls in the market are active and doing better than the bears.  I see the next move after the correction to be $6000, so in a couple of week, I am hoping that BTC will break the barrier and head up for $6k.

I don’t expect much FOMO now, that is why its growth will still be slow in climbing, the moment BTC steps its leg on $6000, that is the time I really expect FOMO to do its JOB, if  FOMO picks the value, then the next we might be heading to before June will be $10,000, which I absolutely sure of.

2019 is a long year. If we keep on tracking every "new high" then this forum will explode with a lot of threads.

But I do love the slow upper movement. This could be a good sign inviting merchants to make it possible accepting bitcoin as means of payment.
That is all we are waiting for right? With its usage there will be slow pumps. Also, we will be the first to try it since we do have the bitcoin in our wallets now.

In fact, it wouldn't even have been a struggle if sellers had actually tried to put up resistance but they're not. Just check out the volumes, so thin, so unconvincing, which tells me, sellers are just waiting for that to go higher and happy to just let the weak walls fall down on their own once buyers run out of steam.

It's very strange to see this though, very strange. But importantly, nowhere like the 2017 scenario.

I think it does have little with halving, after all thats more than one year away from today and the movement started so it can't be just that. Obviously, I am not denying the fact that it does play a bit into this but giving all the credit to it would be wrong. I feel like the fact that everyone tried to sell their coins and the price didn't dropped under a certain level made it sure that short future people can't profit from the drops anymore, which made it possible for everyone teaming up together to break the barriers and get the bitcoin price higher.

Now that we are once again high and it is looking sunshines and rainbows we need to make sure those long future people profit from this so that we will keep the teaming up process going otherwise they will switch back sides again.

even the people who invested in the initial phase had to be very patient, because I doubt that someone who bought when the price was 1 dollar has imagined that someday the price of bitcoin would reach $20,000. this is an investment equal to a lottery ticket, but with a greater chance of having profits in relation to a lottery ticket

Actually, Bitcoin stepped at $5.6k if you look at the CMC but it's just too fast before it drops again to $5.4k. I think something is pulling it back that's why it can't break a new resistance level but this price is still quite reasonable and stable. A bullish market might not happen this year but we might expect it to happen next year since the next halving is almost near.

It's not a surprising move, though what is surprising in my opinion was the fact that the rest of the cryptocurrency market crashed while bitcoin rose in the past few days. Bitcoin dominance has always been seen as something that drops in bullish scenarios, yet right now, it is climbing.

The correction that has happened in recent days was also expected, simply because of the level of growth that was seen in the past few weeks being unsustainable in the medium to long run.

We will likely see the $5k support being re-tested, though I think that it'll hold up relatively well because it has been tested before already and psychological factors there will play a big part in keeping prices above that level. I'm still expecting sideways movements and occasional dips for now.

Some minor corrections will certainly still occur in some time to come, I see from the current situation it looks like bitcoin is still weak and maybe he will look stronger when the price reaches $6.000. And, the current increase in bitcoin prices I think has something to do with the number of investors who speculate that increasing the use and adoption of bitcoin is happening in the community especially among institutional investors.

The 2017 scenario was very different. At first we had a lot of positive coverage from the mainstream media. Encouraged by these reports a lot of middle-class individuals jumped the ship hoping that they'll become super-rich overnight, although many of them didn't had any basic understanding of Bitcoin. These people have learnt their lesson and are not going to commit the same mistake again.

Absolutely true, as perfect as coinmarketcap.com claims to be, I really do not completely rely on the value I see there, as sometimes, they do not correspond with trading value, wherein we should not be that surprised about this , usually I don’t expect altcoins to grow that much this period because the demand is more on bitcoin now.

I have seen some cases in this forum where some people said they are dumping their altcoins now for Bitcoin because of the so many uncertainties going on in the Altcoins market, as they can see that many of them are not even responding to the rise of Bitcoin, which I must confess that I also did the same thing too.

Yeah all are happy to see the awesome Green streak.
It has made many of the Bitcoin investors happy after seeing the growth of Bitcoin after the downfall.
Let's hope that the bitcoin will rise more higher, as more people are investing it.
I am expecting Bitcoin will surely increase more high and will break its all time record.
Good luck to us.

Many people are not seeing this and some are even saying it is falling to $3800! I think we are going to have a glorious 2019 . If you have strong desire to invest now should be the right time to do so as I am speculating bitcoin heading towards $10,000 very soon.

The number of middle class individuals that is yet to have experience is still by far greater than the ones that have had experience about bitcoin market; the problem I just see is that we still lack some fundamentals that will make the media carry news that will force the new investors into the market.

From the beginning of this year, you will see that we have some projects that are already coming into cryptocurrency, they might not be fully into it yet, but they are working on projects that will make people get more awareness and adopt cryptocurrency, by the time they are through and set to enter the industry, they will pull majority of these middle class individuals into the system too.

Because people have there own narrative behind saying that the price could fall to $3800. Maybe they want to spread panic or buy at dips. Unfortunately, the day of FUD are over, investors are getting smarter and people are not listening to his sort of negativity. Maybe it will have a effect, but in the long run bitcoin will continue to grow because that how it was design. It is a cycle, every 4 years, we will see lots of ups and downs but eventually it will hit all-time-high again.

FUD are not successful anymore because the market is growing, we can see some bad news but people are more bullish to ensure it will not affect the momentum. Price is good currently, it's like the times when we stayed longer at the range of $3,000+ but now we are doing it at $5,000+.

Even if the price goes down, is a good sign and i think the price will continue grow even if the grow is little by little and this will bring more people who will join crypto and maybe is better little grow than huge one and after bear market again.

$5,600 isn't a big issue here. The big picture has it that in 2109 we just might hit $100,000. Besides since the correction, we just might have hit a wall for the next bull ramp.

Bitcoin has really do well this year April 2019 and we really wish this bullish trend will continue and we are able to cross the $6000 before end of this first quarter.  I think we are going to have some good days and good pricing as we move close to halving in may 2019.