Bitcoin Forum

It seem like Bitcoin has entered an uptrend, since begin February 2019. It is most probably entering a new big bull cycle that will last for months, most probably for longer than one, one-and-a-half year.

I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.

I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.

My feeling is that Bitcoin is going steadily up, (https://www.tradingview.com/chart/BTCEUR/dZ5FmjAq-Bitcoin-is-going-steadily-up/) at least for the time being.

What do you think?

If you are talking about the long term trend here, then yes, I think that a bull market will be close as we approach the second half of 2019 due to the fact that there is strong support at the $4k level, and market sentiment has eased from being extremely bearish to somewhat more optimistic.

But I doubt that it'll be steady. Run ups to bull markets are usually anything but steady, and will consist of rallies and dips along the way that will probably scare away some of the weak hands in the market. Just like right now, BTC experienced a short term adjustment that is still consolidating. That's always been the case, if you look back at previous transitions to bull markets, like the 2016 period.

So no, don't expect it to be a linear thing, but I do think that the scale of the bull market ahead will be quite sizeable given the institutional adoption this time round. Also, tradingview is not somewhere you want to base off your analysis of the market from, because anyone with an account can publish their own speculative opinion without any basis.

Don't get curious if there will be another published article that tackles mostly about on how pessimistic they are with bitcoin. It's part of their strategy to ride and bring up what would attract to their articles, it's basically the essentials of article writing. Just don't be too gullible whenever an article comes out and deals mostly with negativity of the market and never sees on how positive it can be to the investors. When bitcoin goes up, still there will be those kind of articles.

for the same reason they were publishing optimistic articles back in 2018 saying how price is going to the moon. some people just can't accept the trend change and thing a certain trend (up or down) has to stay indefinitely.


we have already started the new bull "cycle" and have been there for a while now. it is just the start of it and like always the starting months are slow rises with lots of corrections and stable phases where price doesn't go up.
on top of that these past couple of days we have had a big drama called bitfinex which is delaying the rise.

Obviously it has pick up already in the last couple of months now, so the future looks bright as this point. But the problem here is people are eager to see another all time high, but it will take months or even years to get to that. So don't get excited and just continue to HODL and wait for the massive bull run to happen specially after the block halving in 2020.

It depends on what price you define a collapse, people who where inn early got a long breath to wait it out where the 20k buyers saw a collapse in days.

Yes, we get some positive traction the last few months.

As a bullish trader I can tell you that the current market conditions is more of the uptrend than downtrend and if we are to take investments decision now that everything seems positive.  I think we are going to see other coins Moving up too and it seems this is another bullish market that migh last for the next 3 to 4.years.

Bitcoin always ended up with a high price even it has an up and down price movement in the market. If you are going to compare the last price movement in the graph since bitcoin was found and until now the price ends up with the highest price. So now, bitcoin will be going to continue raising up in the market whatever happens even there's they called whale who manipulating the market.

Now, obviously, we feel a bullish trend in the market and I saved some for my investment during the market was on dip last few months ago.

Hoping that bitcoin will continue its rally going back to 20,000 again and if this happens i would say that its worth hodling for almost 2 years.

Bitcoin price recently has been quite good the growing ia pretty steady, but it still can slip sometime, judging from the chart the support is still a bit weak so the price still could easily fall down, but it has been a better price compare to the early of this year and I believe this could trigger something positive

I beg to disagree, support is strong, if it is weak, then we may have seen it going below $5k. But the price seems to be fluctuating at $5100-$5300,

It's been on the green for two months already and this is an indication that we are entering the bullish zone and not be going to a new all time lows. Low lows currently is $5k, it might fall a bit if there is a negative news but I don't think that we can go < $4k.

It has been like that each time bitcoin goes down hard I think it is more likely an optimism for something that has barely keeping up the phase, anyways it is a good thing for bitcoin if people still believes because as long as there are people that believes in bitcoin it will never die but having false assumption and news will always have a good feedback on bitcoin and it will impact the current bull it is better for bitcoin to have a bad news than having no news at all.

Personally, I cannot say that we are in an upward or in a downward trend but I can say that we have created a strong resistance in 5k which is going to break very difficult.
Having said that, I expect to see the price going up in the future but after sometime that it will move around 5,5k and 6k. Then more people will see it as an opportunity to buy more due to this stabilization and then the price will possibly go up.

So much for the fuss but for now, the price is steadily recovering up but I feel like it's not gonna last somehow because we are seeing a slight recovery for now but the price is unpredictable when the ride is in a slow pace, There is an indicator in the chart that it will keep on going up or going down and market analysis is taking this speculation as nothing else but a guide, But if we are going to a bullish trend now, It may last somehow and it will be in a sudden movement so, for now, I really think that the market is preparing itself going in that direction we should wait and be patient about it.

The bears will continue to post negative/pessimistic articles about bitcoin and the bulls will do just the opposite. It will not end even if there is already an established trend. They are just upholding their views about bitcoin.

Although we are experiencing a little pull back from $5.6K but seems bitcoin holding strong resistance above $5K. As I said before, if bitcoin hold $5K for couple of week then  we can say we are on bull instead of bull trap. My personal opinion is, we might not see bitcoin below $5K. If in case drop below $5K then we will see another FUD, and more price drop. But really I am not expecting that. If you follow articles from others then you will confuse. Few peoples are spreading FUD and few peoples are spreading FOMO. I don't believe both of them, I like to follow bitcoin trend overall. 

Well i think bitcoin price will continue goes up more and on the end of the year the price will be higher than was at the start of year, until then we can get more coins, and i think a bull run is possible before next year halving.

Perhaps most think of an upward trend in the case of market colors, which are green but dominant fluctuating slowly, I will not quickly think it will be very fast pumping, don't be too hasty, don't laugh after the market is not good, investment is highly recommended because for the sake of personal good and the good of the market to get strong support, pay close attention, do not quickly overreact in happiness but look back wisely, identify the market first before concluding.

You can check how the price moves in 2014-2015, and you will see some similarities. It was a slow grind leading up to the bull market in 2017. So we might be warming up for the next huge run in 2020-2021.


You just have to read those so called experts in tradingview. But it doesn't mean that they are right, they all based in on TA obviously, so it may or may not happened.


Don't be bothered by those pessimistic articles you find. There's a lot of positive news around, stick to them, much better to remain optimistic and used logic and learn to read between the lines.

$5K was never an important S/R level historically. We tested it once on the way up in 2017, and otherwise these low $5,000s haven't really been tested much at all. We need to conquer the long term pivots ~ $5,750-$6,000 and hold above those to suggest anything about a bull market. Not looking at Bitfinex charts either!

That may not seem very far away, but I think there's enormous selling pressure waiting to come in if/when we get there. If bulls manage another wave up, I'd be ready for a wick through $5,800 that gets sold down hard.

I do have to agree with you, ever since I saw Bitcoin broke the 6,000$ support level since last year it has easily go down way past the 5,000$ level without any hesitation going to 3,000$ level. If we really wan't to see Bitcoin in the up trend or at least confirm a reversal we should see it go back above 6,000$. If we take our time a little longer here in the 5,000$ we might just see that Bitcoin move up on another consolidation level which I think is the most likely case if no notable movements happen for this month of May.

The downtrend you are talking from $6,000 is still part of the continous price decrease that started on early months of that year. Therefore, we can't really say that it established a support on that price level.

Now about going back $6,000, I don't know why some people are on rush. Just take a look at how impressive the slow increase coming from $3,000+ price level to what it is now. Even for ley's say that no such uptrend will happen this month, what matters here is, price should only swing around the current price level. If that will happen, we can steadily assume that the support is strongly built and that will lead into fueling another run.

Finger cross.

It is going up steadily and I think that most people have either already sold all their BTC, sold partially or either hedged their position because they are scared of seeing Bitcoin retest the $3100 area again and if it breaks then it will enter the $2500 or $2000 territory so people rather just take profit here, rather than wait for $6000 which might not come.

Looking at the open interest and funding rate for Bitmex, it seems that many positions are either shorts or hedges due to the high OI and high negative funding rate. Since we are still trending up, its very bullish. And the fact that the Bitfinex/Tether fund hasn't caused the $4700 support to break is even more bullish.

Hence it looks like there is alot of selling but we are going higher so it means there is more buying and so we should see what May will bring.

The reason for Bitcoin's steady growth,  is the trading volume. I mean just look at the amount Bitcoin is being is traded, then you can know how much BTC will rise or fall.
Bitcoin follows the method of Supply and demand. If the demand is more and supply is less, then the price will gradually high.
I guess for this reason now we can see high price of the holy coin.
Hope this continues further and increases more, so that i can sell my BTC in comparatively higher price.

I see like that too. For me it is better because with steadily, bitcoin price not really extreme to move and it will be good for bitcoin itself. So pumped and dumped not always happen and it can make community will believe and make it stronger.

Really?you.created this thread just for this speculative post?wondering why lol

But yea we are now entering a bullish trend and seeling some good profit slow by slow,we have been in bear market in the whole 2018 and in the beginning of 2019 but this second quarter we are looking good and i have earned some amount from my holdings and looking forward to gain more in this year end

the rush that some people has is mainly the product of 2017 which created unrealistic expectations among certain people (which mostly consist of newcomers). they think a rise or a bull market is the same as seeing a gigantic rise in a short time and if anything other than that happens then it must mean bitcoin is dead and should continue dropping more!
those expectations will die off as we slowly rise up though.

Prior to April 1st, most of them strongly believed that bitcoin will fall back low to $3000, they were really shocked to see the price of BTC spike to that price that became too much for them to purchase, so they would rather create FUD to cause dump.

Recently now, I have been hearing that BTC will dump to $4500, they are not buying at this price waiting for $45000, this is how they will miss their chance on this price now till BTC rises to $6000, and it does, we start seeing another FUD news in the market to dump it to $5000, and the cycle keeps going like this till they completely miss out of the next ATH again.

Indeed, in the pass two months bitcoin has been increasing and have a stable price for a bit long. This is pointed out some people will consider that bitcoin can leave a bearish market slowly. Now, the price has been reaching $5500 and sooner will touch the price $6000 and will stable for a bit long after that we can see the price will up again. Honestly, most people who came at 2017 ago has leaved their investment and even gave up to not invest in bitcoin anymore. Whilst this is a best time to start again to restore their lost, but it hard thing to do. I can't imagine how regret they are but it will make them aware to spent money without any knowledge before.

The feeling is good now, I've not seen a price movement like last year.
Yes it was steady since it has not dropped below $5,000 again, I think we are into $6,000 very soon.
I monitor the price on a daily basis and it satisfy me and make me believe god things will happen more this year.

Its been a year that we haven't seen this movement and it is kinda pleasing. It gives hopes for everyone who believe that it will rise up again. I hope this movement will become more steady and hit $20k again. If this will keep continue we will arrive the $6000 very soon. But it is still too early to celebrate and there a lot things could might happen.

  It really delights people's hope after suffering from long month of bearishness and now the market has shown a good sign for us to speculate and visionize a bountiful future will occur soon. The gradual growth hint a way on surpassing shortcomings of market and with our positive determination, hopefully it will continue to exceed persistently.

Most of the people think bitcoin is going up steadily  but dont they know this price increase on bitcoin is a only a bull trap.  But still no one can predict the exaxct way where bitcoin would.go.

Actually I wouldn't agree. At the moment we can see that the price is slowly growing but that definetely couldn't be called steady growth because price is fluctuating, every fews days goes back and forth. Still the trend is looking good but no matter that it's hard to predict how this will continue and if in some time we will have some continuous growth. Don't forget that Bitcoin is volatile.

If we're talking about a few months ago for comparison then yes, we're in a continuous increase. If for all time, yes, we are still increasing still if our point of comparison is from the inception of bitcoin. Also, for 3 distinct times we have witnessed that bitcoin is undergoing cyclical stages, so yeah, the past few cycles we find ourselves bottoming way higher than the previous cycle, so if this continues, bitcoin is well appreciating in value over time.

Nope because i am tired.of expectations and in the end will bring failure,i would rather think of bearish still and be surprised that bullish is happening than expect something in common like 2018

Maybe this is the best treatment we must have from the majority of losing in 2018 that be mislead by this fake bull

It is called a market recovery, we have lost a lot of money from the crypto space ever since we began to see a correction in the price of bitcoin and crypto in general in 2018 and now that the correction is over, we are going to see a recovery in the market, and this recovery is going to happen slowly, then after the recovery, we are going to see a bull run that will drive the price of bitcoin and other top coins in the crypto market very high than we expect.

Doing the opposite of what the mass is doing has almost always done its job well. People were bearish before the pump to $5000 and a massive pump we got. Some really believed we would hit $1xxx levels....

Currently the mass seems to be overly bullish, which is why I am still short. I still expect a sub $5000 correction and I don't think we're that far away from it. The market is overbought and doesn't seem to be that strong anymore.

Of course, I can be wrong and we break through $6000 effortlessly, but that in my opinion is very unlikely. The massive resistance there will keep us busy for a few more months at least.

AT everydip is a good opportunity, this is where you can profit at every spike of the market especially in this uptrend. For a year of bears being the dominant I guess its also time for bulls to step. I don't know how bulls are going to dominate this time but the market seem to have a steady rise. Its not a proof of bullrun but its going to be a good indication.

The price of Bitcoin for one week can indeed be said to be on a stable pase, there has been no significant price increase and there is no significant decline. In calculation there is an increase, but the increase is in a very small range. however, this kind of thing is a good thing because a stable increase will make the price of Bitcoin much safer and can even avoid a drastic drop in prices.

@BlueStackz

Don't be so sure because the fact is the Bitcoin's value increase since January. It's just that the market was stagnating for months without any improvement. The sudden rise doesn't mean we're safe from seeing a correction to back $3,500. which is what people were thinking about as you said.

I don't believe in any 3500$
4800$ is strong support 4650$ even stronger
Price was going down to 4950$ then rebound
Only one thing what make me nervous are that bifinex premium
it will takes time to pass 6500$ but if that will be done price can sky rocket
It is just beginning of May still accumulation phase
Look at 1D Ichimoku you will see how strong is 4800$ support

These steady markets really bringing people back too, I mean most people in bitcoin world during the peak left (okay maybe not most but most who newly joined got back out) so this increase is like another chance for them and I have seen that we have broken the most transactions in a day record top 10 and now we hold like the 8th spot and 10th spot in April of this year so it must mean we are once again seeing a lot of increases as well.

Since we got segwit and now lightning network too the transactions are much cheaper and much faster too so its getting that much easy to get those new people back in. I don't know if that is true, maybe I am totally wrong since I am making this up but I feel like people are coming back to bitcoin after months of pessimistic movements.

Steady? Bitcoin was struggling between $3800 and $4200 for a month before it jumped to $5000 in a course of 4-5 days during the start of April. Since then Bitcoin is moving between the range of 400 dollars. I don't consider this movement to be steady. Rather it is dangerous one. When Bitcoin surge to $5K+, it was looking safe and $4.8K was developed as new minimum. It was expected to go past $6K over the course of next month or so. But when we look the chart above, Bitcoin didn't show much of the positive signs since then. If this pattern continues for few more weeks, I am expecting a significant fall in price.

Do not be too quick to believe in articles, which is more important to make your own strategy to take advantage.

We cant conclude it is steady, or maybe OP was meant that it has a steady price range last month around 300k  dollars to 400k dollars but not quite a long period of time happen. Now, we are heading back into the bullish trend I guess o 600k dollar and I hope it will continue.
Indeed, we don't have a calculation regarding that matter, bitcoin will grow and grow when it comes at the right time.

To my mind word "steadily" is a little bit unuseful when we talk about bitcoin. Can't call this rise from 3k to 5k a steady because for example from 5200 it went to 5000 and then up again. But price was "steady" around 7K, expectation was rise as always because price was steady 7k, why would it fall? But in reality opposite happened and price started to fall. From current situation we don't have even blurry image to say anything whether this rise is steady or not.

We always have different ways to determine the market, if we agree with the article then there is no reason not to believe it.
I am bullish with what is happening now, so I have to believe on it.
I'm optimistic for a new big run, I'm seeing a new ATH in the making now.

Don't you think you are using wrong values? Is it happened by mistake or you really don't know the meaning of 'k'?
Anyhow, Bitcoin market doesn't move on intuitions. Market behaves differently every time and it is really hard to find any repetition in it. There are always number of investors who have set some benchmark in mind to buy/sell. If number of sellers are more, then it leads to correction while if the number of buyers are more then it leads to further rise in price. For example, let say BTC moves to $5800 today. Then many holders will see it as a perfect price to sell off while there may be many buyers who will rush to buy at this price in the hope of further rise. If number of sellers will be more than buyers then Bitcoin will fall back down to $5.5-5.6K but in opposite case, it can jump to $6-6.2K.

Nice Analysis! We cannot say bitcoin is moving steady. There are surely many questions in regards to recent rally. It isn't at all looking sustainable unless more funds started flowing into bitcoin. If volume remains the same then bitcoin will eventually fall back to the level of $4K, It is hard time that we need old investors back into market.

I am glad that we are all beginning to see bitcoin for what it is, bitcoin has been in its uptrend since 2015, we cannot compare the achievement of Bitcoin now in value to that of 2015, if we could look back, then we will totally believe in the future of Bitcoin.

It is better bitcoin continues on this part of its steady and slow increase, this is better to guide against any form of euphoria that is always resulting to dumping of the coin, sharp increase are what people are now getting use to that is making bitcoin look too slow in progress to them, but good thing about humans, they can easily adjust and adapt, so we have to adapt to this slow and steady increase in price of BTC.

I think the article is sometimes just information that contains what the author thinks. it might be very good if the author shows evidence or other things. however, I think it's hard to think that the price of bitcoin will continue to rise. even though I'm optimistic like that, but I think that won't be 100% accurate.

Adopting for the best outcome result, small rise is better than nothing or dumping, we should all be optimistic and positive that this uptrend movement
from bitcoin will be followed by more rise to comes up, analysis like this will bring new investors to realize the potential of this industry.

these people follow the price trend, when the price falls a lot they immediately spread very pessimistic forecasts thinking that with this will hit their forecasts and in some cases people spread pessimistic forecasts because they lost money with falling prices. and every time the price increases we see people forecast very high prices, and these people make these forecasts very high prices because they want to gain fame

It cannot be that reason only that they missed the boat.
Influence as you say it. That could be the right term but for a different purpose. Trading. Yes.

If you can somehow make a good trend that could make a little panic for small investors then it will be successful.
These people might have sold their bitcoin and want to buyback at a price where there is profit. So, this one is a strategy which most popular people does just so to shaken the market.
It is already a regular news with bitcoin. For me. ;D

What more evidence do we need again that the analysis he has shown and the proof is even right there in coinmarketcap, have you check the price of Bitcoin lately to see it high performance, I don’t even expect bitcoin to have performed this much with lots of FUD news in the market.

Check that history of Bitcoin for the past few weeks, you will see the proof that bitcoin is already going up steadily, so there is nothing to sow than what is already materializing now, so don’t expect bitcoin to go down again, if you want to invest, do it now as we are still in accumulation stage.

In 2019, the situation in the crypto market is gradually improving, many miners began to return to work.  But I expect more significant Bitcoin growth in 2020.

Because market increasing now they have big chances more miners will back again but not all. The year 2020 the price of the bitcoin become very high and we know that. But for now improving of what I see is we need to improve that more to see ATH price of the market.

well, when the market price starts to rise, we think positively about positive thoughts. even though at the moment I feel that there is still a long way to go the possibility of bitcoin exceeding ATH. however, I feel that this year the price of bitcoin has the potential to be able to compete at prices reached in 2017.

Each people have different perceptions in the market price movements, it depends on how they experienced the price of bitcoin on their hand. When bitcoin goes up, many people claiming it will go up furthermore and those disappointed from huge dump they will keep throwing negative news on it that makes bitcoin probably deeper down. However, the fact is we never know when the price going up steady or it is kind of bull trap.

Yes market is improving and we can see even the price is steadily moving upwards which is a good sign as it means movement in market is picking up and people who had being losses due to buying at high are able to minimise some losses .

It does keep the rising line going, wonder when we see some bears on the way up. They never stay away to long, sure the are accumulating at the moment.

We already left the bear behind, we can't see bear way up because it's all big bulls waiting there.
Bitcoin 3 months price movement (https://coinmarketcap.com/currencies/bitcoin/) is very good, there's some stability on it, so we can expect more uptrend.

You know what I'm really enjoying about this current ride to 6k? Not so much that it's the second consecutive month of unexpected surging, not even so much that it hasn't immediately pulled back, but that the majority of altcoins have already shed their gains of the past few days, while Bitcoin has clung on to its own.

So we're seeing green charts in usd but red charts across the board in alt BTC pairs. So much for blockchain not Bitcoin huh!

2020 is when a lot of miners will be fully functional because the market would have grown very positive for them to make money again, as mining is still not paying them that much, even this year has not been so good for miners, but I believe that 2020 will favor them, and not only them, most of Cryptocurrency investors.

2020 is expected to bring the prices of both Coins and altcoins to their ATH, although we can still benefit this period with the gradual and slow increase in the price of bitcoin, it seems to me now that bitcoin is quite easier to predict now that the market has increased than before.