Bitcoin Forum

Waking up this morning with green numbers on the charts:  Cryptocoin prices today.  (https://www.coinranker.net) Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.

once again it is the bitcoin effect. as bitcoin drop stopped and it had a little recovery by going above $7000 again, everything else also stopped dropping and started having some recoveries also.

but the recoveries alone don't mean we are out of the bear market and it certainly doesn't mean "moon". specially not for altcoins that are having dead cat bounces.

Yup...  Some of them are having higher lows now.  I got my sights on DGB and a couple like SIA tbh.  But we'll see.  Some of them could start breaking out as early as this weekend...

I hope alts break out first, buy and sell then and make some BTC, then BTC breaks out last.  ;D

When all FUD news has passed, then market conditions will start to stabilize and whales will return to the market. things like this have happened over and over again, I'm not surprised about this condition, because basically the price of Bitcoin should be above $10k.

The fall in yesterday's crypto price is not a loss of trust from crypto users. Yes the market is recover from yesterday I noticed it and still stuck and confused at 6.8k-7k USD a few days. Hopefully the market will recover soon.

Tho worst is behind us I guess, yet the danger is not all gone. We much stay positive and support Bitcoin as much as we can. Soon people will realize that crypto is not as weak as they thought, and new investors should come along. I guess Bitcoin's price is like yo-yo, it goes up and down. I suppose we can expect a little increase in its price, after all this was a big dip. But honestly no one can predict how the price will behave, we can only wait and watch.

What are talking about? We are at 6600 (yes - it is this year low) and going down.

Crypto is not in recovery mode yet, if anything it is in a consolidation phase and finding a steady bottom. I truly believe that gone are the days of the wild 50-100% changes in less than a month. The price from here on out will be a lot more stable than ever before which could in turn lead bitcoin to finally fulfill its potential.

It isn't this year's low. Globally, the average bottom still hovers around the $6000 mark, which happened back in February. Right now we're just moving within the obvious range, where 5% dumps are quite common.

One day we'll jump up like 5%, and the other day we fall back down that much. In a market not having anything to hold onto, traders will keep repeating the cycle of buying ans selling till one or more large traders lose patience.

Other than that, there is no such a thing as recovery mode in current market, and I don't even know if there is much to recover at all. I feel that $7000-$8000 levels are quite solid already, and I am happy with these levels.

It's pointless to look at last year's peak and today's price and think there is a lot to recover. Last year's peak was the result of a hyped up bull run, likely due to the future markets. Speculative peaks are unsustainable.

Sorry but you spoke to soon because as quickly as we have gain and go above $7K bitcoin is now hovering around $6700. So the bears again took control of the market, We have thought that we are in the road to recovery, but we are still not there yet. We really need to have like a fresh blood to pump to market to at least make a significant gains towards $10K so say at least we have indeed recovered, but a 2 day gain can be quickly wipeout in matter of hours, just like we witnessed.

We need to have more patience and keep calm because we all know that at the back of our mind, we will recover, its just a matter of time.

Most definitely! Never in my life I have seen Bitcoin and Ethereum especially altcoins go up on a Sunday. Really weird but great news, even though the slight fall this evening, this without doubt gave me some kind of hope. Keep calm, be relaxed and watch everything get back to normal people! ;D

really ........  ;)I really see the price start to stabilize after some time a lot of pressure and many investors panicked, but I am very confident now the price will start to climb even though little by little ::)

to be exact cryptocoins are in an accumulation mode before the moonshot or crazy jump.
just look at its volume.
we could see that its volume decreased a lot from before,one of the reason was because of people stucked at the top and some people felt afraid.
and at the same time when people trying to push the price because of news and other good stuff,we could see the dump instantly.
(even though its volume it's not that high,but it could scare other people directly).
so,it's just matter of time for us to break this cycle and turning it to bull market.

What suggest it is going down further?

I am not saying it can't go down from this point but market looks like oversold so I am actually hoping for a good bounce with a small/quick dump below $5k. There is still panic in the market so people are not buying bitcoin again and they are making exit. But there are still few strong holders who are holding and buying more at current prices. Whales might soon create another FOMO buy where we might see similar uptrend like in end of last year.

In my opinion we are in strong downtrend. And it isn't finished yet. Also, I think that uptrend like in end of last year will not be so great. December rising was connected with many news about Wallstreet using financial instruments based on BTC. And many people think smth like "Oh, big gyus with big money began to invest. And they really know smth. Let us do the same". 

I'm sure that Futures for BTC only harm the BTC itself. First, money now goes not to BTC itself but to their bubbles. Second, they now can manipulate BTC with comfort. And they really know how to do that kind of things.

Yes, this is a positive condition in bitcoin market indeed and i can really appreciate this movement. The price has been pretty consistent in the past weeks playing from 6000 to 7100 I am pretty sure it will pump higher..this is really a good sign👍

There's nothing impressive that I can see, most coins are just following Bitcoin, that is, doing nothing mostly. The entire crypto market is looking at what Bitcoin will do next, as it is still to be seen if we can stay above $6k or we'll test lower resistances. For now im remaining optimistic about things, and I believe $5900 was the bottom back on early Febraury, and everyone is delusional about getting in cheaper, so the second a soon-to-be-hodler with deep pockets enters, the rest will lose their patience and FOMO back in, pushing the price back to $10k, short squeezing all the people that already assume we are going to $4k. I would buy right now if I had no coins, going 50% in, then watch, in case it actually goes lower, buy dip with the rest because that's as low as it will get.

people have not given up on crypto, the problem is that there are countries that have imposed regulations and the result of these regulations are that their people stopped buying bitcoin and this is a significant loss for bitcoin, has visa and mastercard, google, facebook, twitter that contributed to price drop... so like I said it is not as if people had decided to give up bitcoin, they were forced to not buy bitcoin because of their governments


Let's hope

looking at the charts it would seem we are still in a down channel. You have to be pretty damn optimistic to interpret today's price even as consolidation, let alone as a recovery. Ofc this is pure speculation but if I would assign odds I'd say 60% chance of downtrend continuing, 35% consolidation, 5% for a reversal. Anyway, I don't think we can have a reversal without some positive news, and I don't expect any soon. On the contrary I expect more regulations and possibly bans

what are YOU talking about?
$6600 is not this year low. the low was $5900 this year which happened on the first major dump and panic sell that bitcoin had. the next drop came after it where price couldn't go near that level and stayed above $6400.
as for OP's subject there was a small recovery but not something worthy of creating a topic about it!

Not really, it is in red again.
We have to wait more before seeing any signs of recovering.
When Bitcoin reaches 10k then we can be sure that it recovered for good, but for now, nothing is sure and prices may fall even more.

Source:
https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

As many of my friends has said "we are tired of this recovery face" I know many people will be saying this right now and that did not mean bitcoin is not going to recover and we should expect the things that has hold price down to be over in days to come. Many of us has the desired for price to increase by any moments from now but one thing that I can assure us is that bitcoin and other cryptocurrencies is definitely going to recover and soonest we would be in the moon again.

Noobs mostly only look at very short term charts, which might explain why OP got so excited about an increase not worth cheering for. Short term chart shows a large green candle, while longer term charts only show a tiny bump in price that got pushed back down again. Overall, the market is keeping its cool above the $6000 level, which is the most important thing right now. Let people speculate about further increases as much as they want, it won't do anything for a market not ready to go up. This market looks healthy and quite comfortable to maintain, while everything above the $10,000 level gets the market excited and feared at the same time, which isn't a good combination for a strong range.

Coinmarket was showing cryptos in the red this morning but has changed to green tonight, although showing only a small gain. Bitcoin seems to be swinging below and above $7000 level with no real direction.

I think that the lack of news is not the reason that the market is in relative calm. It seems to me that the reason is that the price of bitcoin has reached its minimum. Further attempts of whales to reduce prices end with the decline in trading volumes. Whales will buy coins at these prices. This level will rise.

Sure bitcoin will recover in market but not now,  current situation states it will take time to recover. Now the price have so many downs only. It becomes up but not very high. Close to the downward price only, it cannot increase more than that value. Many people will believe that bitcoin will come again with massive growth. Let's wait till that time.

As we all know that big whales were busy in the pond playing the game on their own terms, Bitcoin price surged massively and then fall down which resulted in a correction. I believe that it created a domino effect on alt-coins and price movements from Bitcoins affected alt-coins too. However, I am expecting price recovery from this month and I believe that we will see a fresh all-time high level in Bitcoin and in some alt-coins too in this year itself.

Even though majority of the cryptocurrencies are in green today it doesn't mean that it is in recovery or reversal stage. You should always be careful to bear traps as well as fake breakouts as this are the things that will make you buy something prematurely and you might end up being trap at the end. You should have known by now that rising for a day or two in the cryptocurrencies doesn't mean anything as it can still go down fast. Just like what happened in the last few days where Bitcoin rise rapidly up to 7,160$ but fell quickly at 6,600$. In order to tell that we are in a recovery phase we need to see Bitcoin trying to break out of the long term down trend line.

There is no such thing as just because the price rose and some of the alts takes a small increase means that everybody is back on believing on crypto again. Changed the thinking like that as it's not how it works.

A small pullback means "literally" means that most of the traders take advantage of the dip. Aside from that, you may also noticed that some alts doesn't have a changed in terms of their respective bitcoin trading price but since bitcoin price increase a bit, so is the other alts.

Will it ever reached the moon? Well it depends on what price level does people can tell that it's "they are already on the moon".

Not yet dude. But expecting the same to happen very soon. Everyone expected to have a recovery in April. We have almost crossed 10 days and still waiting for the price to recover. But a sweat thing happening now in April is, the price is at least being stable. This is another sign of hike coming up soon. Lets just wait and gather as many coins with low prices as we can. Every crypto currency would surely bring a large profit in few months. We can surely expect this happen so.

I meant not a moment low price but the price for more or less long period. And yes  - it is 6 600. Ok, may be 6 500 :)

Right now, the fluctuation on the price of Bitcoin with its value mostly on the lower values, we can’t assure that it will recover just like how it was last. However, despite all this ups and down, I have always believe in Bitcoin and will still believe even if it continuously drop down with the hope that the price would  pump again unexpectedly.

Well were not yet in a recovery phase this time as we can see fluctuations is always presents. Yes nothing is certain at this moment and I think we experience this downfall for these days. You know were already waiting for the green market so that most of us here can recover their lose.

It does mean that many are buying today. Bitcoin's struggling to get back again to $7,000 but I know that there will be a quick pump that is about to come. Thanks to Rockefellers and Soros.

We have to wait and be patient on what is about to come. Let's all positive that bullish will come soon.

I think they will recover only when the price of Bitcoin kept increasing, total market cap seems to be very low. Bitcoin price is affecting a lot and other altcoins are facing the problems to survive those prices.

It is because of the good market without so much fuds and there's some good updates from some altcoins. But don't trust the market i thibk we are not in the bull run yet bitcoins hasn't recover it good marketcap. Take this opportunity with some careful in the market we dont know when it will be crazy and dump again.

It just fuds anyway that worsen the BTC status, now that they seem gone, it will recover slowly and will seem to get more stable movements since many panic sellers already give up their cryptos, the time for holders will soon to approach.

Yes and the whales begun to enter the crypto while everyone is fearful with the market. This time people didn't know about it more on newbie in crypto trading and investors. Panic sellers are waiting for bitcoins to go up before they get in when the trust of investors ger back.

It looks like the price has settled from the graphs. I do not expect them to rise to the moon, but it may be that they will not go down much more.

I do agree with that. People have been speculating about $3000-$4000 levels, but the market found a steady spot above the $6000 level. If we also take into consideration the manipulation going on, which is that semi large dumps take the price back to sub $7000 levels, and let it stay there without dumping further, it clearly shows large scale accumulation, the patterns are clear.

Without these semi large dumps, the market isn't going down out of its own, which is a great sign. Global whale manipulation keeping the price down will end once they think they stocked up enough coins, and we might not be all that far away from that point. Whales know like no one how important it is to maintain the $6000 bottom, and thus keep the long term growing bottom cycle intact.

If people aren't accumulating themselves yet, then definitely do so. Everyone not having bought will 100% regret it later on. I don't see a massive breakout, but a steady increase will do.

I honestly believe this price manipulation is still far off from lying low, there's still so much at stake for these guys, so they'll be draining everyone else into frustration up till the most of us decides to sell off, before pumping it all out to the moon again. I believe its not just the profits they're after here.

As we can see, it's slowly recovering but we can't say already that it will rise for good for it might fall down again this week. Whatever it will be, i am just hodling my crypto assets and wait for the bull run.

That the price is lowering don't mean that people are having disbelief in cryptocurrency (though some people are losing hope already); around the world, many people still believe in Cryptos yet the price is dipping. Anything could have caused the price dump. So we shouldn't blame it on people losing faith in it.  Everyday, can't be a day of rosy, some days could be thrones also. Just try making the best out of your situation.

Let's this little hope become more bigger, stable increase would be just fine, even little increase is good enough as long as they don't drop is good sign.

And bitcoin is pretty much becoming steady at 6.8-7k and we all kow that alts benefit if btc is moving sideways. Though i don't think that alts will moon this way. Probably not until the end of the year again.

My estimate of the next significant bull run would at least be next year. The anticipation for the coming bitcoin halving would be the main market driver of that bull run, that I'm pretty sure of.

So far with bitcoin price reductions have not reduced their belief in cryptocurrency, it will never happen, maybe some people who lack knowledge about cryptocurrency can panic easily when there is a decrease, not knowing the correct bitcoin characters. From now on, bitcoin shows recovery and maturation to raise prices, a little patience awaiting a relatively long return time is not easy when I see a market that is currently very inconsistent. The current price can still be enjoyed can still be produced for most people, so do not worry all will definitely recover.

Stable growth of any cryptocurrency is impossible. You must understand that. Volatility in the cryptocurrency market will always be there. But for fluctuations to be less people have to believe in their idea. Confident people never give in to panic. But I'm not afraid of big market failures. It's like natural selection. Coins always find a more devoted host.

yesterday, tomorrow and the next day Nothing particular what looks at the price chart! too early in this April to discuss the issue of green back prices, let alone talk about bitcoin to the moon. just my opinion, the price will still remain stable at the figure of $ 6000 - $ 7000 until the next few weeks. we just need to focus for now, how to get some of the people of the coins because of panic. I will remain calm and keep trying to survive, because I still trust the world of cryptocurrency, that the price will soon recover in the next few weeks, we'll see the time will answer all this.

It is good to see the green numbers. As we always wanted to see. But I think it will stable and not to the moon. But we should be wait I know it will happen.

So far I am happier with the performance of bitcoin's price in the market. From the lowest drop last february it has not goes down down deeper to that in the contrary it has shown a significant growth on the last week of March and though it has not went to the high expection of many investors at least it has stayed in a more steadier value playing at 6000 to 7100.

Bitcoin has suffered a lot of back lashes from it's competitors and the black propaganda has really made their point to kill bitcoin and spread fear over the people who plans to invest in cryptocurrencies. But even with all this Bitcoin has stayed strong and in fact gain more popularity over many big industries in the world. In the news their has been numerous establishments that welcomes the use of bitcoin. Their are even companoes who uses bitcoin as compensation to their employees.

This and all are clear signs that bitcoin will survive no matter how hard the attacts it might face in the future. A price drop is natural effect but it does not belittle the value and the effects of bitcoin in the modern society. It will continue to grow there is no other direction to go.

to be honest pal , all people here in crypto world are still believing that the market will survive again after this worst scenario.  But we can't blame those some people who are always hasty to sell which is the reason behind why the price always turn back after the sudden rise .and the common problem why the market is struggling to survive.

I can see the positive movement too. And i can really appreciate this. I have faith in bitcoin that it will continue to grow in the coming months. I believe the months of June and July there will be a big price increase. So to all investors who are losing hope in bitcoin, just hold on we will see a better and  greener day soon. To those who are against bitcoin all I can say is you can continue doing what you do spreading negativities but the truth will prevail and people will realize the importance of cryptocurrencies in this modern world. There is nothing you can do about it. Bitcoin is unstoppable and so are other altcoins. We are now in the computer high technology age and bitcoin just happens to be a necessity not an option. I can actually see fiat money becoming the option..

People should understand that Bitcoin and blockchain is still new to most of the people out there. Large number of new investors joined last year or this one, and only small number of them knows how it all actually works.
Big whales know that most of the investors will act because of their emotions, and because of that they are in better position to make profit and manipulate the price. Most of people will always act based on their emotions, and that is just in our nature. When those things are gone, and people get better understanding how it all works, sudden rises and falls like this will probably stop. Or at least they won't be as big as last one.

I strongly believe in unstable growth in crypto that you've mentioned nontheless, we have no idea when will it stops getting unstable. If we consider ourselves to be well-versed in updating price of bitcoin and be keen in tracing why it fluctuates. For sure,no need to monitor of its kick back because that's a good sign when we want profits and gains of our investments. If up to this time is in recovering mode,then of course that's a possible thing to happen because there is a big population already in bitcoin right now. So the more investors the more opportunities to know for its regaining or recovering value.

Yes, bitcoin usually have a lot of effect in the market and since a lot of the alts are traded against btc pair anyway, we always get to see this response when bitcoin is moving sideways. Anything that makes bitcoin to hit lower levels now can result in the whole market getting red again but let us hope that would not be the case at least for now. Also, like you said, it is just a little recovery and nothing much should be expected yet. At the same time we cannot ignore the prime fact of, recovery must be the first step toward bull run. Hence we can expect another strong bull run at any time.

Nope, that's not yet, it's not really going to show that it will be greener and keeps green on its movement, maybe a lot of people are currently doing trading active on the price movements especially in bitcoin I guess and it's not investing for a certain period of time.

No. It's just speculators buying the lows. When they cash out again in a few days, the prices will fall back.

In order for a large sustained rise we need some good news, and there isn't any on the horizon.

Actually there could be. I say there could be, because I am not sure if its true. Friend of mine had read somewhere that some really wealthy families like Rockefeller will join crypto market. And if that is the true, that could be good news that we are looking for. At the end its always good when crypto gets more users.

Sure cryptocurrencies are in recovering mode after a long time today morning all the coins are in green mode. This indicates a good sign for many of us. Soon the crypto currencies will increase and again it will create a huge record in coinmarketcap. The price would increase and decrease that happens normally in the crypto world. Current situation faces so many dumps but it will recover soon.

I also think that today's graphs are a sign of a trend change and everything will continue to grow and flourish
Cryptocoins this week have already shown good momentum.

Yeah, I also noticed a lot of the altcoins are gradually beginning to do well in the market but this is not about belief in crypto or not. People never stopped believing and it is just the market doing its thing with the whales being in control whether we want to believe it or not. It is normal to get to see things like this happening once in a while.

Right now bitcoin prices are trading around $7700 levels still we are not sure how long this is going to be, but I am sure with bitcoin having a solo ride to the sideways, it is normal to see altcoins in action. I believe this may last up to $9,500 levels too.