Bitcoin Forum

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

Well obviously it will continue to rise. The past few months was just a normal crash, nothing out of the ordinary. And we got the bottom in earlier this month and now it is starting to build back up a bigger base than ever which will leading to the next bull run that will make last year look tiny in comparison. The recovery has begun.

everything about the drop was out of the ordinary! it was nearly a 70% crash and it is never normal to see something like that even for bitcoin! a correction is natural but the size of it matters. the drop below $10k was last straw that broke the camel's back and basically removed the buy support but only temporarily. now that buy support is coming back and with it price is rising back up to normal levels.

I am sure Bitcoin will bounce back if many transact using Bitcoin, if the issue of Bitcoin value drops it is reasonable because bitcoin is the digital currency. so depending on users who use Bitcoin, if many who wear yes up, if only a little yes it could be down, in addition we just stepped on the new year, it might be the cause of the Bitcoin price down.

I dont think soar is the correct adjective as I would view more of the price climbing a ladder.  One rung at a time, the reason being previous selling and some buyers from that time who now wish to check the price or offload back at even rather then wait any longer.      Doesnt mean its strong selling, but some sellers to meet any bullish and buying into this rise.   This means a climb not soar imo :)

On my chart each line relates to partial recovery of the previous decline leading to April low

https://i.imgur.com/Ct59SVy.png

indeed this week the price rebounded from a few weeks before that is very muddy and yet there is also a brightness about price increases. price bubbles occur due to speculation and dangerous.

You don't need to be a rocket scientist to see that bitcoin is climbing the ladder again after a 3 month bearish trend that lead most people to believed that it is dead, let this be a lesson for everyone specially for those newbies who joined during the peak. We may experienced some downfall but it doesn't mean that we are out. Right now I'm not really surprised to see the price breaking the $9000 barrier and heading to $9500-$10000. So we are all good now I guess and the bears is out the picture because the bulls is taking over the market once again which we all have been waiting for a long time.

I think price of bitcoin increased from 6th April much more then just 27%. Closer to 40%. Let me check. $6600  to $9300. Yes, $2700 is almost 41%  price increase.  Sort of huge if we would not talk about Bitcoin.

It is a given that bitcoin will continuously rise so long as adoption rate increases and user base continuously grows. I like how financial experts view it that way though, but I don't suggest watching their speculation(as it tends to side to where they will profit the most). From the statement in the link given by you OP, I speculate that those bastards already have got into bitcoin in the last few bearish trends that we have seen.

I don't like mainstream media articles about Bitcoin to be honest. Because most of the times these so called "experts" aren't much smarter as you or I are.
And when you can read charts, understand the basics of technical analysis, well anybody could make a reasonable prediction. That however doesn't mean it will play out that way as past performance is no indicator of future price development.
Long story short: Do your own technical, fundamental and sentiment analysis. In the long run this will always be the best for yourself.

Yes, it continue to rise since I guess April 21, and until now it continue to happen, maybe they see bitcoin has a good improvement this Month so some investors coming back to bitcoin. Well, this is a good news for everybody.  :D Hope to see a new ATH's this year.

We should be wondering what is fueling this breakout up $2400 in less than a weeks time.
Cause if it is by fud alone expect it to crash hard when all this commotion dies.

In comparison to commodity markets a rise of 40% might occur in turn around at market bottom.    The shares associated with a market can move this much because they are leveraged to profit margins of the base product.
In Bitcoin however, the supply increase normally apparently in commodity price rises does not occur.   As we know the Bitcoin production is a fixed and self regulating system, this results in the price changes being quite rapid and speculation by the market quite a large part of supply and demand.

Bitcoin has been soaring since last year but it was corrected early this year so I'm confident with the exposure on each interview with CNBC's news that bitcoin will soar high. Those predictions are literally going to help bitcoin to soar more than it soared last year.

I believe that there is no doubt bitcoin will always swing the banner of its glory as the leading crypto currency among all and so the coming back the rising price of bitcoin will once again brings great joy to all who believe with it. So any good news for bitcoin from the crypto currency expert is always a confirmation for it, and not considerable as surprise because this is the usual work of bitcoin

I remember I've read an article about a cartel manipulating the prices of btc, the same way different cartels try to manipulate the prices of other valuable commodities. Maybe they've just lifted their control over the prices, because the movement really looked like it was free after being held for months.

Good progress but the increase is not enough to cover all the loses last December and January, lots of people bought at the ATH of the price got FOMO eventually, remember 10K USD was lurking around the 1st and 2nd week of March then it drops around 7K USD this coming April, Lots of Fud threads and articles was created saying it will go down further 4K USD so eventually they are lurking with this trend to make the price even better.

You must have just gotten into bitcoin last year and never looked at the history of bitcoin.

I say again, that crash was nothing out of the ordinary. In bitcoin that kind of crash always comes after a period of exponential growth. That was the fourth crash of 70% or more in Bitcoin's history, each crash following one of Bitcoin's crazy exponential growth spurts. Totally normal for bitcoin.

I read last summer that Bitcoin has been growing at a rate of 0.42%/day since it started trading back in what like 2010. Last year was a boom period so the rate of growth got way higher than that for 2017. Now after the crash it is back to about 0.47%/day growth for the period of Jan 1 2017 to today at a price of $9350. So we're back to roughly the "normal" price according to the long term growth rate. The crash normalized the price. If bitcoin does a 0.42%/day growth for the rest of the year it'll hit $27k at the end of the year (unless of course a new boom period starts before then end of the year in which case Bitcoin will certainly be higher).

It is way to early to say something like that. Bitcoin has just started to get to "normal" two days back . Giving such extreme opinions might not be a good idea .
I don't know if it will soar , but it will definitely improve . The speculation will stay and will keep on creating a buzz until it again breaks the bar of $10000 and get back to the line of rising again . The soar would only happen after it breaks the triangle and move further.                                                         

really what you say let's talk about bitcoin and support it because with our support bitcoin will quickly go up and pump the price can be as fast as possible in the coming months

Cornering the market is rarely a profitable idea.   Normal speculative activity of buy walls or whatever is not infrequent and not especially disruptive so long as competition and markets are open which is true with Bitcoin.   Its a global market for starters, the only negative I see is miners are less distributed then years ago and I think distribution helps stability.


https://en.wikipedia.org/wiki/Cornering_the_market

Don't pay too much attention to all these terms. In the end, everything the charts tell you makes sense till it doesn't, if you understand what I am talking about. This market depends on too many external and speculative variables, that you more likely than not won't be getting what you are aiming for. If it was all that easy, most people here could be seen as successful traders, but that's not the case, and I am glad that this market doesn't work like that. Even the most experienced traders and investors have to admit defeat occasionally, and that's all fine and normal since luck isn't something you can correctly time to have it play out in your advantage. In easy terms, we are all more or less equal to each other.

It was not really out of the ordinary, we should even say the rise in price itself last year was out of the ordinary and this was just the after effect of having a situation like that where nothing is driving a price except for speculations and people getting greedy. However, the market is looking good for now and we expect to see how it is going to end up doing in coming days. Too early though to start thinking of things too much for now, looking at how the market has been in the past few months.

That's what I like about this market. Even with serious manipulation happening, we can benefit from that as well, which is something most people here don't seem to understand. People keep blaming for deep pockets playing the market, but the only thing these people do is play themselves, which is the funniest part. If you invest in this market, and think everything will play out in your favor, you are obviously not in the right place. :D

This market, depending on the situation and sentiment, ignores most traditional market laws, which is why all the traditional experts and whatnot failed to put their nasty finger on this market like they know how it works; the market storms through like nothing we have seen before, and that's exactly what people love about it. All these traditional naysayers slowly become a believer in the technology and how it can transform traditional markets into something fitting in current digital time frame.

There will be no doubt that bitcoin will certainly soar again but the million dollar question is "when". We all know bitcoin has the bright future. It means it will have huge prices in coming years. So, at any time bitcoin may start soaring again like how it performed last year.

No I personally don't think it will soar again any time soon.  It's just languishing at the moment.  Neither up nor down.  Then it might surprise us with a big change. 

Yeah, it has really been some positive moves lately and it is good we are getting to see bitcoin showing some pretty good moves so far. I expect us not to start a quick rally immediately anyway as this may be some time we will get to see bitcoin consolidate for a while. Still trying to see the behavior of the market anyway but it seems the altcoins are ready for a bounce first and if we get to see this happen, it surely will be a sweet ride for the whole market in general.

If you are believing into the surprises from bitcoins then it may happen at any time soon. Get ready for it.

That's true the most question is when, as obvious no one can answer it will soar again. But I think this year btc will increase as this time it is moving up. As long people will believe on bitcoin the demand for btc will increase but I am positive price woll soar agaian.

yes basically bitcoin will bounce high again but it takes a long time not for now, maybe in the next few months, if see current development is not very mature, maybe there is any doubt for bitcoin lovers? I also do not know, because bitcoin will be greatly developed if the volume of demand increases, of course, is in dire need of trust for bitcoin.

ATH will be hard to achieve at this moment , though we can still hope that things will changed and good news will prevail in btc that will give chance for it to pump.

It's showing positive signs, but we don't know whether or not this rally will be the start of a new bull market. Most likely not, even though people seem to think that this rally is "here to stay" and is going to continue.

Bitcoin has indeed continued its steady price growth for 8 years, however that is completely unrelated data in this case. I don't doubt that bitcoin will continue to make its way up in the long run, but here, we're talking about bitcoin's movements in the short term.

I don't think that bitcoin will necessarily see a major bull market any time soon, at least of the magnitude of last year's bull market, simply because we're still consolidating and market sentiment isn't that bullish right now.

The market has been in downfall since the beginning of this year and I think this is the first time that many experts has started to agree that bitcoin is about to get bullish again. I hope this actually play out and many people that bought high will actually recover they capital and make some profits.

And then when we all thought that we are already out of the woods and can breathe a sign of relief, here comes the bears clawing back and trying to wrestle the market again from the bulls. So far though the price is less volatile compare to the previous months, but it doesn't mean that we won't see any downward trend in the next couple of days. Maybe most investors renewed their interest, maybe some of them are not totally sold on what they are seeing. Its still a long way to go and maybe we can really see the sentiments of the market when we get over the $10000 barrier and judge if their will be a imminent bull run or not.