Bitcoin Forum

Many investors that put in funds when the market was appreciating in 2017 and has been disappointed because of what happened in 2018 specially when bitcoin fall below $3200 are now been optimistic about the market and some of them are coming back into the cryptocurrencies market.  New funds are coming in and that is why we are seeing market capitalization growing day by day. 
I will like to said that the pattern of the prices'movement in 2017 is repeating itself again and this year is seems to be another bullish year.  As a traders and cryptocurrencies enthusiast,  what are your thoughts about the current happening in bitcoin pricing and other cryptocurrencies?

The reversal trend of the crypto has begun and you must remember there was another interesting case that will help bitcoin to increase even more due to the tether's problem and a lot of people are moving their stable coin portfolios to the bitcoin.
As a trader and I glad to buy more bitcoin and altcoin when it was so cheap last year and enthusiast in the crypto and then bitcoin is showing another potential for those are feeling doubt with it.

Hopefully we get a period of FOMO & people start to panic buy, it’s be good for the price. 6k seems really bullish.

Well I think a reasonable percentage of the investors that bought on high last 2 years while price dropped to a very bear range, have sold off in loss because of fear of losing all. The new enthusiasts are the new investors that bought and started with bear.

My speculation therefore is that, there are chances that price is going bull more to hit 10,000 before a major retracement, so buying now seem a good decision. This however is not a financial advise, just my opinion.

As you can see only bitcoin is gaining and already increase 100% unlike other cryptos still on the bear market or some altcoin holders are switching to bitcoin to hold because of the price increase.
I believe that bitcoin will stay at the $6,000+ these days until next month and I think we will not see huge drop again these following months as the old price movement.

I prefer to remain cautious for the time being. In the short term, the storm is over but in the long term, I am not yet convinced. Which also means that I anticipate a decrease. There are a lot of people who will start to sell a percentage of the coins bought at $5,000 and below to take a short profit.
Yes me too I would like to see the same pattern as in 2017 but I found that between my dreams and the reality there is a big difference but you never know.

My thought is meh as long as we don't make an attempt to face resistance at ~$6300. Daily close above ~$6300 is yeppie. Weekly close above ~$6300 is wooohooooo.  :D

I'm very tempted to open a fresh short now we're still at $6000 but on the other hand I don't want to go against the trend either. Decisions..... :-X

Not financial advice? If you're 'just' sharing your opinion it is in fact still financial advice, especially because of how you state that right now seems to be a good time to buy. Did you buy?  :P

I'm very bullish for bitcoin since finally it is bad news resistant. That's the first indicator of the end of bear market

We had CBOE delisting news without any dump (i know its not bad news but look at it from lambo investor perspective. All of them was waiting for bakkt and btc etf and ... bum bitcoin is being delisted from cboe) It was, in my opinion, fud producing news and should dump bitcoin).
We had "bitfinex print 850 MM" news and only 3% dump? Under resistance? We should see dump at least 10% without this news simply from TA (fighting with very strong resistance, resting from 60% pump) had we had 3% dump with this news.
We had binance 40MM hack and next day we have break 6k resistance.

We are growing constantly with bad news hitting the market one after another. Guess what will happened when good news will hit market.

as I have been saying all through 2018 a quick look at the history of bitcoin and some research about bitcoin itself and the utilities it offers could have shown them the true potential of bitcoin. there is no room for disappointment when you are facing something as great as bitcoin!

that sucked for sure but it proved once again that the market is still susceptible to FUD if it is large enough and with enough manipulation in the market behind it.

I don't think "new funds" are still coming in. there is of course always a growth of adoption (new funds) but this rise is because of the funds that exited due to that manipulation (fall to $3k) are coming back since they gave up waiting for $1k!!

this is far from being like 2017. if anything it is more like 2015 with slow rises and many small corrections with people still in fear of the "bear market" since it lasted a long time.

There's a lots of speculations that when the market is hits above $6k, a bull will be there much stronger and begin to make a huge jumped, it's a good sign now for more traders and investors, new investment from newbies and those who left because of losing hope, now we will again to expect another hieght to be reached.

Hell yeah it's bullish, but I'm not so sure I'd want a bunch of people to start rushing into the market out of fear.  That could easily pop the price of bitcoin up to a level that isn't sustainable, because investors who buy out of that FOMO emotion are the same ones who'll sell when bitcoin dips just a little. 

I would much rather see a slow, steady growth in price.  And actually the rate it's rising at right now isn't too bad.  There's definitely some momentum behind whatever is driving this little bull run we're having, and bitcoin could even be on track to hit $10k by the end of the year.  That would be a beautiful thing to see--but I don't want to see it too soon.

One month is too short period to declare that we are back in bullish run. Single rally to $6000+ doesn't ensure that Bitcoin will keep moving forward only. In trend analysis, we have to analyze the movements of chart for a considerable period of time, say, atleast 2 months. If Bitcoin continues to show same movements and reach $8-9K by late June then I can ensure you that we are back in the 2017 bull! For now let's hope nothing adverse happen and market continue to grow more.

we all prefer slower rise because it is a lot stronger to rise that way and historically each time we see a slow rise the falls that come eventually can never break below the price level that was reached by a slow rise.
but unfortunately "fear" like FOMO is a part of bitcoin just like panic sell is. we have already seen 2 cases of FOMO in the past month alone and although the market is calm these days i can happen again soon.

We could hope that what we saw in 2017 will happen again this year or the next year.
The new investor comes to the cryptocurrency market because they already see what was happening in 2017 and they want to try to make a big profit.
Maybe some of the investors is a previous investor who already got a loss in 2018, and they come back to the market with a new hope that this time, they will make a profit like other traders.
The pattern of the price movement still moves to the higher price, but we are not sure until how much bitcoin price will increase later.

Hopefully, the current price happening will be the reason to regain back the confidence of those who got crashed coming from 2017 hype down to bloodbath market in 2018.

No doubt, that there is a vast number of people who hesitate to put money on crypto again because of the dominance of bear market that lasted over a year long.

The bearish market served as a lesson to others that crypto is not a quick rich scheme. Hope this time, these people should now also learned that crypto is volatile and putting money here requires knowledge.

Hope this increase will not lead into quick jump like what in 2017 where the increase is just purely because of hype. The increase will happen, we just have to wait for it patiently.

We will go higher maybe not so fastly but step by step its normal people want to buy, they always buy everything in high price its the same BTC but we will have much more investors when it will be 10k+ you can see that in everyday life most buy iPhone but there are much better phones and cheaper.

In my opinion, the growth of bitcoin price happened because altcoins lost value so a transition of funds happened.
There are no new funds added in the market, just altcoins losing value over bitcoin. Maybe investors are afraid of something or it is just a move to push all the market go upwards by initiating an increase in the bitcoin price.

The very first weeks and months of 2018 was still good but the next months were too disappointing for most. And my thought to this scenario, it's lovely to see the market move up again and I'm sure that everyone is starting to pick their selling price.

Being optimistic, I'm looking to see higher price and it's likely to happen because we've been already up. Came from $3k up to $6k so that's already a 100% increase in total if bitcoin reaches $6300 soon.

Well, the price went down a little and now it's just a bit over 6000$. Although I'm happy that price is showing recovery signs I'm still not convinced this is the process that will continue. To my opinion in the next period of time price will still fluctuate between 5000$ and 6000$.

Most of us in the disbelief phase right now. "This is just another suckers rally." It might be a "suckers rally" to be honest. To make sure it isn't, I need it to go above $6.5k. For now it looks bullish af.

If things go earlier than what we normally expect ($50-100k in 2021-2022, 1 year after the Halving), we may find ourselves looking at a $50k/coin price tag next year today just before the halvening.

How long was Bitcoin at 6k last time around? 6 weeks at least if I recall correctly. The consensus at the time was that of a solidifying levels, consolidating, accumulation, stabilisation, etc. All in preparation for the huge rally that never came. Of course, this is just 6 months ago and almost 100% up from 2019 lows.

My thoughts immediately? 6 months is too short in between for a giant staging.

A huge fomo wave would be ideal if you're looking to cash out some profits in the short-term (since prices will skyrocket pretty fast), but in the long run, the weak hands/fomo buyers will crash the price by dumping at the first sign of a big correction. A FOMO rally can be a double-edged sword.

I'm starting to turn slightly bullish for the short to mid-term personally. Right now we're hovering right near $6050 and an earlier potential dump or downtrend today was bought back up. RSI on the daily is in the upper 70s right now, but RSI can stay very overbought and oversold for some time (example: November with RSI dipping into single digits on the daily). There's also plenty of people with longs that might take profit above where we currently are. I'm also uncertain where prices are going to go from this point on, though I'm still holding a part of a long from the mid 5000s. Might open up a small long here, but I'll probably just sit out for now.

Sounds about right, it lasted for a couple of months (from September to November of last year) before the price regressed to $3,500+.

I'm thinking the same it's looks like a bait after what happened last year specifically during the second and third quarter when a lot of people are hoping for the price to go back to $10,000 but didn't.

Definitely bullish but with reservations for setbacks, especially those who were left hanging after price crashed so hard back to $3000 levels. I'm quite surprised that the price never encountered huge sells after it crossed the $6000 mark which just goes to show that a lot of people are still believing that this would continue going higher and giving us a good bump that we need. Perhaps this is just another mini rallies but for the mean time, momentum is so good for us to not ride it while it's on.

Finally to say that we are in the bullish season but not to think that we are the same with the 2017 bull run.
It is quite slow for this year but it is good to see it recover from a long struggle in a dip. It is time for the market to show what it can do for us( believers), a big return from our trust is compensated. But of course, we shouldn't be to a confident cause we don't know if dumps will follow next.

Damn straight. FOMO is exactly why we're still in this hangover, and why this will again be part of the Bitcoin cycle when everyone forgets about the last one. What's crucial is not to play the game, because oh the game will play you.

FOMO needs to happen slowly, OR at the peak when we're nearing the old ATH (which of course, will happen, just you wait)... I probably will still be dumb and not take profits when that happens, call me an idiot permahodler but I have my sights set on a timeframe still far away, and nothing along the way will change my mind.

I can't believe we went this far. I bought some bitcoin below 4000 dollars and sold when we hit 5600. The charts were showing we should go down from there and we did but then we went up again and I still had some of my cheap coins from before so I sold another batch at 5800 and my last one today at 6050.
I'm betting on bitcoin not going back above 6300 without a correction and I will buy back again there. We are overbought for weeks now and I'm out of bitcoins :( 

I would say I am being optimistic to what will happen with bitcoin this year and the next coming years. With many people learning how crypto really works and the benefits it brings to their daily life, I would say we are going to the right direction. The rise is not drastic, so the stability is there. And before we know it, we are already hitting the $10k-mark again.  ;D

I'm curious to see how the monthly candle closes.

If we keep stair stepping like this and thrust up to the $7,000s or $8,000s then we might only ever pull back to the $6K area and no further. No matter what, the market will definitely want to re-test this level as support eventually.

Until that scenario begins unfolding, we still have to be prepared for a major pullback off this $6,000-$6,500 area since it was a major battle zone in 2018. In that case, the $4,000s are still a good possibility.

The recent increase in Bitcoin value and other top crypto currency has made me to convert some of my crypto coins to our local currency since there is need for me to make use of the profit a have made from this recent increase in the crypto currency value particularly Bitcoin.

The first step was taken when bitcoin rised by 1k usd in one day. After that price went up and uo from 4k with some falls but quick fixes.
Now 6K will be a stable line, maybe we will see price under 6k these days but soom it will become stable amd rise will continue slowly up to 7k and more. I think this will be a logical continues of current situation, especially when binance's hack had zero negative affect on bitcoin's price.

Lol, Personally I wouldn't be happy yet. (I mean about the current breakout up) but I'm glad for the overall performance of Bitcoin this year. It's awesome. But for the breakout of 6K, we need more time to declare if we've ideally settled around that else we may have a short celebration.

Now that Bitcoin has reached into the regions of $6k everything shows clearly that we are ready to experience some bull run of the market and this is the best time to buy and hold bitcoins. Don't harbour fears people go right ahead and invest because we are surely hitting another all time high in the next bull run of bitcoin.

Yeah you have mentioned it right mate,that the cryptonians are re investing now

Many of the investors that go out in 2018 are now taking the risk again ,but they are very careful in each actions thats why they are putting the money little by little so in case theres a dumping that happen they will not trapped again inside

I guess this is still a not so sure bullrun and might another traps that waiting for victims.but ofcourse nothing knows whats the real score so be safe and secure

It is now very clear that the downward chart pattern that we witnessed through out 2018 is now over and bitcoin has resume" significant bullish trend". I just viewed my wallet and I see bitcoin now above $6300 and I think the next resistance point will be around $6785. Like many of us think here: are we on the way to $10,000 and will this happened before October 2019? To me this is one of the time we have been waiting for and it is good we understand the significance of this current moment.

That is all true, except that nothing doesn't have to be logical when it comes to Bitcoin. Although price has crossed 6000$ I'm still not sure that resistant limits are broken. There is still possibility for price to pull back. Maybe this sounds too harsh but years spent with Bitcoin has thought me to be very careful with predictions and expectations.

I guess not many expected 6 K to breach this fast and this soon, I surely didn't.
But with BITCOIN expect the unexpected...

There is still a huge amount of shorts to be squeezed... that's why I think there is still some juice left and a 7K wouldn't be that unpossible.
Many people expecting a pulback to buy the dip, that's why it might not happen yet...

Imagine breaking 6.3 -6.5k , people FOMO in untill 8K + followed by a 30-40% correction to  5K- 6K
So many scenario's possible from here...

Let's see where this takes us...

I don't think it has build a wall yet around the $6000 range and we might see the price of bitcoin dump back to $5000 range though it will not happen for a very long time before we see a recovery that is going to build a wall around $6000 range, this is a good news for the crypto community because a lot of persons who have lost hope in bitcoin will now be coming back on board as long as they never sold their coin during the time of the massive dip we saw few months back, a coin that is not dumped is not lost, this should be one of our motor.

Bitcoin still looks very strong, at the moment it goes up like a tank. Unless of course to take into account the situation on the stock exchanges, especially on Binance, then there is every reason to believe that this is an artificial pump.

It is tougher.
Before that was an instant rage to the 20k price. No one expected it because no one can forecast what could really happen.
Also, it was fast which is not normal when it comes to investing with any currency or commodities.

Now, it is somehow visible. Or we could use that 20k mark as a guide into where bitcoin will maximize its value for now.
It could even get higher than that.

Bitcoin is constantly creating high prices every day, which is really a very good thing but similarly, I don't have too much happiness when bitcoin seems to have abandoned altcoin, it is no longer a leader of crypto, it has become lonely and developed alone, no longer want to take on the heavy responsibility of pulling altcoin up. Hopefully this is just a temporary forgetfulness of bitcoin, if it's forgotten forever, I don't know which worst case scenario will happen to altcoin

I think that the price could increase more than just $6100 and we already reach the higher price this day although it's back to lower price. But I am sure that it will go up again soon and maybe tomorrow the price will reach another higher price as the trend still on the uptrends. So we could hope for making a profit again from these situations.

2018 was a very bad year for the crypto world, but something that has not changed was always that the price increases a lot we see many people making very exaggerated forecasts

Tim Draper Envisages Bitcoin at $250,000 Taking 5% of Global Market Share by 2023 (https://cointelegraph.com/news/tim-draper-envisages-bitcoin-at-250-000-taking-5-of-global-market-share-by-2023)


with the Bitcoin Halving approaching and with the disappointments that many altcoins are being, people will be more concentrated in investing in bitcoin

Next Bitcoin Halving is Attractive for Investors, Says Top Asset Manager (https://www.newsbtc.com/2019/03/29/the-next-bitcoin-halving-is-attractive-for-investors/)

I think it is a positive value that for this year it will be a revival of bitcoin, bitcoin will continue to move up and will be able to make a leap of 10k this year.

I am cautious because we don't see an increase in the whole market but just an increase in the price of bitcoin.
In the case of being more optimistic I would expect to see all the market going upwards and not only BTC. Now that investors are buying only bitcoin is easier for them to cash out.

The difference here that btc already have preformed it once before and people hoping/expecting it again and that lowers the bar to step inn earlier.  with the current daily gain its going fast price wise.

Has bitcoin begun to show its resurrection? Obviously, I also strongly agree with you that this year is the year of revival of bitcoin, but your prediction that it will be at $ 10K, I actually see even more than that and could happen to be equal to 2017

I've got to say, this move is quite impressive. We're hovering at the triangle apex from 2018 and......no selloff. Shorts are still high and the market is bucking bad news. Feels like the beginnings of a bull market.


$250,000 is only 13x above the last ATH. That's nothing for a Bitcoin bubble, totally possible, especially when you give it another 4 years to unfold. Same as 2014, Draper's prediction gave himself lots of time and is already aging much better than most predictions people made last year.

There's no magic trendline that automatically stops a rally from being "a suckers rally" but we went over your $6500 resistance line. The question is, will you follow throught and stop considering this a suckers rally?

I have been advising about buying ever since we hit $3500'ish, because it's just increasingly risky to not be buying after that massive crash. Anything below $3500 should have been taken as a lucky extra.

The way I see it is that there's good news to be seen as we can watch Bitcoin decouple from shitcoins once again, we are in %60 domination in coinmarketcap (even if the "marketcap" measurements are flawed, people seem to be obsessed with that website).

I would say there's %70 chance bottom is in at this point and the left being the magic $1300 lifetime opportunity, but I doubt we will get lucky enough to accumulate at those prices again, that boat sailed and we are going most likely higher and into $100k+ within the next 3 to 5 years.

It may be repeating some pattern, not the 2017, because the pattern of 2017 is too encouraging for bitcoin to be placed in bullish trend, but for now the phase of the market that continues to prevail in the market is that of accumulation.

As long as the accumulation phase continues, the volatility is very high, it is in fact, whenever there are upward movements, it can have very strong corrections, and the market has a clear accumulation zone, in my opinion I could compare it to the period of market of bitcoin from 2014 to 2017, since many bitcoins are missing to accumulate the Strong Hands that are the ones that move the market, there is still a good percentage for the bitcoin to prepare to go up.

To my way of seeing it, I hope they can accumulate fast because I want to see a bitcoin again for $ 20k.

Bitcoin, of course, will continue to grow. Now it shows very good rates of price growth. According to CoinMarketCap, now its price is 6548 dollars. But yesterday, we were glad that its price had risen to $ 6,300. It is hardly possible to make any further forecasts, but it seems to me that this year Bitcoin will not be able to repeat its 2017 price increase. It is too early after the fall and stagnation of last year. Let's watch what happens next.

I guess we will do a decent correction before we hit another high this 2019. My thoughts is that we're on the bullish trend and guess filling some bags now is a good idea.

This current trend is providing a sign of good bullish momentum, most of those investors are not in the side of thinking to sell out but to keep accumulating, as expectations to jump high is now on the road after breaking the $6k mark, most speculators will be in the buying positions and
will watch the bull to conquer the market back to favor investors and traders side.

I think it's happening sooner than everyone expected, people were discussing whether we have passed the bottom, and when will the bull run begin, just few months ago, and today it seems like we've already in the crazy bull market that everyone was hoping for. $10,000 by the end of this year seemed like a careful optimistic prediction, but now it seems that $10,000 will be reached in a few months if not weeks. And we are still 1 year away from the halvening, imagine the price by then!

The movement price of bitcoin has been returning to the right path. I'm not daily trader actually but I'll trader if there is something news come and I predict I'll able to make profit from it. Such this time, bitcoin price fall previously it just because binance hacked and at that time actually that is the best time to buy bitcoin, and my prediction is right because now the price bitcoin has been rising to $6900 and I'll sell it first when the price touch $7000.

It was a pleasant surprise considering that after being seriously tempted to short around ~$6300 yesterday, I didn't.

Right now I want to see a daily close above the $6400 area and if we can do that knowing that weekends are usually not very supportive in terms of volumes, there is no point in being super bearish anymore. It's so funny how the Hyperwave gang is so silent right now and even avoiding to talk about their sub $1000 prediction. :D

It was a lunatic prediction even before the price started pumping. These idiots are here just for the purpose of boosting their social media status without being exposed to Bitcoin at all.

Well we all pretty much sold way too early or hedged way too late. I am pretty sure most people sold or hedged at $5500 or so because $5750 was the previous support of 2018. Maybe some sold at $5999 but once it broke $6000/$6100 it could of went anywhere. People were calling $6200 the top, some people on twitter claimed that $6400 would be the top and now it almost hit $7000 and looks like this might not be the top either.

Open interest is still very high and the funding rate is very high for the bears, so who knows when this will stop. I don't think we will hit $10K, but if we did then I wouldn't of been surprised since we gained over $1000 in less than 2 days.

Many are convinced that the $6,000 mark was a sign that a bull market began and we are expected to grow further, but how long it will last and how high the price of Bitcoin will have to look at the market mood in a specific period of time.

Yes, and as I said before, this day bitcoin price reaches $7000, and it means, the price reaches another highest price. We will reach the more and more highest price of bitcoin in this year and the next year so prepare yourself to sell bitcoin at the highest price and make a profit from bitcoin. But don't too greedy because you see the price can touch the very highest price ;D

I was dissapointed last year 2018 to the market because I lost money . But Im happy in 2019 because not only $6100 reach by the bitcoin but almost $7100 plus.  It is good.  Im really sure of what happened in 2017 it will repeat in this year 2019 so it will ATH value of the bitcoin.

Currently $7200 on preev.com as of this writing and still rising up like crazy.From 24 hours movement it seems that we would able to hit up 10k soon but talking about ATH
Then i would definitely say that we wont see it this time it would still takes time for btc to hit that up.I do believe that would be on halving event.

And it's currently going strong and pushing for more. Most likely we will touch $7400 and then we will see what's the future going to be. We haven't crossed the mid year yet, so I expect that at the end of the year, the price will be looking healthy around $10k or more. We are already in a bull run and it's hard to stop it.