Bitcoin Forum

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes. ;)

Well, we're just hopping on that and waited for how many months, but as of now, I didn't see any significant reason why the price continued rising up or it is early to yell regarding price increases. Let's just do hope that it will not dump again and even it is spike and hit at least 5k dollars at this month and continue rising up soon.

The time that I was replied here this is now the current update of the CMC price and hopefully, this is not a bull trap.
https://i.imgur.com/Oi3FoHH.jpg

That is right, I don't know what started this spike in the price of almost all crypto, but it's definitely a thing to behold. As per coinmarketcap, it's $3,670.64. Don't get excited though, might be a bull trap, just like what we have seen so many times in this bearish trend. And it's too early to say that this is another 2017, let's wait for a couple of days till everything settles down and I'm sure we will find out the reason for the sudden spike.

it not rise too much if you compare to drop rate.

early new year 2019 BTC around 4k before drop to 3.5k or go back 3 month at NOV BTC is around 6K.

You're getting wayyyy too excited. We've probably got a bunch more months in the 3000s range before the next bull market starts. Another 2017-like run is probably two years away at this point.

It isn't price continued it is a price increase within a matter of minutes and I believe this is because of bitcoin ETF just found the article from here SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’ (https://www.coindesk.com/sec-commissioner-says-bitcoin-etf-will-be-approved-eventually) I'm not so sure if this is the reason behind the price jump but I believe that this is one of the reasons why the price increased today.

Bitcoin is too volatile so there is no guaranteed result if the price can be increased more or not and it's normal to see this price and I am sure sooner the price will drop again after the trends.

I am also very pleased that now the market has once again confirmed that the Bitcoin holders are doing the right thing. And although this is only by $ 200 growth, this is an important stage for all of us, which once again confirms that Bitcoin now has an uptrend. And I think that we have now every chance to finish the first quarter of this year somewhere at the level of 4500-5000 dollars.

Basically yes. But the sudden increase is a quiet a good movement after such a long dipping experienced.

With these recent price movement, we are putting $3,300-$3,400 now as price level where it has a strong resistance. Chances of dipping below that level is still possible especially if this sudden price increase is just spoiling the current trend.

For now, no more speculations of what will happen next. This increase might be a good sign but still we have to wait for further progress (a long period) before considering the bear trend is now over.

this is a bull trap, the start of a selling opportunity. best case, it can go to upper $4000s or low $5000s......maybe a bit higher. then we're headed back to the $3000s to hash out a proper bottom. we'll at least retest the december bottom, and we might get a proper capitulation spike below $3k.

Please don't think like that. You are only gonna disappoint yourself. It was one $300+ dollar spike. It in no way signals the bull market is starting. Q1 will probably close with Bitcoin in 3000s or low 4000s, Q2 will probably close with Bitcoin in 3000s or low 4000s. Maybe close of Q3 we might start to see an uptrend forming.

was a very good increase, at least we will have more days of peace, I speak of peace to hear things like: " $2700 is the bottom? " and then another guy will say the following: " $1000 is the bottom ". we spent days listening to these kinds of things.


here is the champion of the day:

https://i.imgur.com/7QeeCld.png

https://coinmarketcap.com/currencies/gold-bits-coin/#markets

Pump and dump

It's a breakout with pretty decent spot volumes, but it's way too soon to celebrate.

I do however like that CME has gone nuts with over 50,000BTC in volume today, which isn't something we see them do frequently. It's way more actual USD volume than the largest fiat exchange Coinbase Pro. CBOE as usual is far behind with ~3000BTC in volume, which is peanuts. Perhaps it's a better idea if CME ends up replacing the CBOE when it comes to getting an ETF approved. :D

Let's see how this increase will deal with the weekend. Weekends generally have lower volumes, less excitement, which in an already bearish market translates into lower prices.

Don't expect too much out of this at this stage.

Personally, even though there seems to be somewhat less bearish sentiment in the market right now compared to 1-2 months ago since the expectations of the market in general is that prices have reached its trough, I still don't think that there is enough momentum for a bullish outbreak any time soon.

Also, I expect prices to move sideways for the majority of the first half of the year, having some pumps like this and some dips as well. I don't think there will be any real recovery happening in Q1-Q2 based on previous bear markets.

I don't want to sound mean, but i can't think of any other words to describe what you just said other than "pathetic hope".

some people will never learn, they keep chasing prices and get rekt, every time bitcoin goes up 10-20% many of you start thinking of the color of their future lambo.

here is the likely scenario that always happen;

half the noobs will buy now at 3700$, the other half will buy when the price goes pass 4000$, the smart will start selling the 4-5 area to the noobs, price will fall back to 3-3.4k , the noobs will freak out, sell for lose , the smart buy and make profit, rinse and and repeat , shut up and take my money.

you are either a day trader, or a long term investor.

you either cash out that small profit and get out, or you stop looking at the price and come back next year.

(4000-4500 is a strong resistance level, it's safe to short at that level , the 3200-3400 is a support level, it's safer to long at that area)

TL;DR : this is a minor correction after a massive dip,  there is technically no pull rally before Q4 , sub 5k is the highest bitcoin will go for months.

IMHO, it's because of the 'possible approval of bitcoin ETF' and this triggered investors to feel the right thing to do and that is to pump bitcoin by starting to buy while they can at the bottom.

But it's really too early to celebrate, we've been down for a long time and this small bump gave joy to us but it's just the beginning I guess. There's more to go and let's see on how long this will stay because a day or two we'll see bloods on the streets again.

This pump is largely fueled by those who were short. I doubt this pump is going to hold. I hope it will, but I'm not going to put faith in a minor up movement after all the decreases we have gone through.

Litecoin is going nuts right now with still 6 months to go before its block rewards get cut in half. If this continues, it could positively affect the overall market, but it's too soon to already be sure of that right now.

The thing with crypto is that a 10% dump means noobs turn ultra bears, and a 10% pump means noobs turn ultra bulls. People here are just as volatile as the Bitcoin price itself is....

oh really ? i thought etf has been delayed er rejected last time ? oh well , if they already changed thier minds then good for us  :)


yeah but its better than nothing . this good little things can give us excitement and hope to purse and continue what we have started  .  i hope this rise can increase more and much better if this can for a longer time  .


thats nice but this is normal  . other crypto do follow the bitcoin's current trend   .

i am as happy as a lark that bitcoin went up 10% today :D
take it for what its worth. 10% up is a huge day for btc. big day for the bulls

As people says it might be a bull trap but the bump of prices is around 10% with most of the cryptos which can bring some positive intention on the investors who are holding money just with the prediction of bull run happening.Anyway some good profits for the investors but still I am in huge loss so I keep this as positive and got motivated while holding.

Some crypto whales started buying slowly,I guess.A 7% price increase isn't something important,when it comes to bitcoin.I'm patiently waiting for 2020.If the btc price starts going up,that's great,but if start's going down or not moving anywhere,that's fine.

As of now, that is the best thing to do. The price now has stopped at a range of 3.6k dollars since it is pumped and I think it will stop it there permanently to trigger the investors for the upcoming implementation, the  ETF and BKKT. (IMO) Or probably this is a normal fluctuation of Bitcoin movement is Bitcoin. Yes, either the movement goes up or down we should wait and only time can tell on this situation now. The bull run does not happen only an hour fluctuating.

There is a good leap for Litecoin at this time, capitalization at CMC is able to shift EOS to 4th position, even though bitcoin is still the highest and this increase is quite positive for almost all coins. The market starts to green and the increase is only limited to the pump, at least there are few benefits given, the possibility that investors who sleep have already begun to take steps to reinvest.

the "fire" has always been there. they were just putting blocks in front of it so that you couldn't see the light and warmth of that fire burning so that they could accumulate more of it  without you interrupting them ;)

that is exactly why the volume of OTC trading has been rising recently while the price on exchanges is being suppressed.

This increase is a good sign but we should not get too excited. We have suffered many losses and market downturns during the last months. This rise is something very tiny compared to the general picture of the market all these months. I will see it positively if I see the Bitcoin price be stabilized at around 4k.

I would have to agree with the majority that this is not a bull run, it's because of the Bitcoin ETF news of a 'eventual" approval. So again, people become to buy in anticipation but it will take more of that FOMO to keep the price going up in the next coming days.

So I have a mix emotions about it this, it could be a bull trap. But it's good to see crypto market going into green zone, but I wouldn't take that as a indication of a bull run.

I don't think so. the ETF news is no longer having any sort of effects on the market anymore. it is the same stories all over again and even if there is any kind of positivity about it, people have been burnt by SEC so many times that they wouldn't believe it anymore.
this rise was two things, first was because of the bills that passed over in two US states regarding bitcoin and accepting it as a currency and second the FOMO buying that is waiting around the corner to rush in as the price rises.

For me it looks like we have made huge change in the prices of overall crypto currencies which made me think that it can boost up the investors to bring the bull run but still long way to recover from the totl loss so just hold on it now.

  That's just a begging of new season of bull mate reason it starting to make a small pump.  And in my view  for sure soon it will make a another consecutive pump again no doubts. So buckle up to don't miss the opportunity stay active to monitor the pattern .

Yes it was delayed and some were rejected. But if you are still not updated with the current news, some articles showed that a SEC commisioner said that there's a potential and chance that Bitcoin ETF would come. Here are some of those articles;

https://www.coindesk.com/sec-commissioner-says-bitcoin-etf-will-be-approved-eventually
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows

After long days of bearish market the market has begun to experience a bull market. The price has been fluctuating within $3700 once after crossing the $3700 barrier. Bitcoin is all about to get into the next growth wave. Possibly this seems the cyclic process getting returned again. Once after peak value, drastic fall in value happened and now the recovery of market has begun marking it to be a good time for investors and long term hodlers.

By what we can see from various sources, LTC was cause of this pump with 1.1$ billion increase in trading volume by CoinMarket Data (https://coinmarketcap.com/currencies/litecoin/historical-data/), what is then followed by others including BTC which increased trading volume of almost 3$ billion more then day before.

Price of LTC is increased because of news that Mimblewimble protocol (https://bitcoinist.com/litecoin-price-mimblewimble-privacy/) will probably be implemented in future. Some people also speculate that this protocol can also be applied to BTC.

Regarding that ETF news, you should all know that SEC have 8 months from submitting proposals to the final decision. Also when/if ETF is approved, it take some time to become operational.

This can really happen and if that so, i would need to buy more bitcoin now. Its good to be optimistic rather that to stress yourselves on havjng negatives on this kind of market. But this is not usually being optimist only, there is also a possibility that this can come true and i know it. Buy now until its cheap.

I think running like 2017 is still very difficult to happen, and I don't dare to expect more for that. And for 2019 can bring bitcoin at 7k it can make me very happy.

now change to $0.071967 USD (-60.45%) very fast HAHA

Sorry but I can’t share a positive vibes because this happens for maybe a hundred times just in 20-18 to present.this is another bull trap from the whales manipulation strategy if you bite the bait then you are another victim

yes I see that, and hope this is the starting point for the rise of bitcoin. but this seems too early to speculate that bullrun will come. and there is still a possibility that it will dump again. we'll just look at the next few days, will it continue to rise or vice versa.

Bull runs never directly follow crashes, so this definitely isn't the start of another 2017. At best, it's the start of another 2015, though I have my doubts about that too.

There was no ETF news. One commissioner said offhandedly that he hopes an ETF will pass eventually. There's no way the market jumped 8-9% on that.

I said a week or two ago that if bears couldn't dump through the $3,400 area, that the pump to $5K is still on. I think that's where we are now.

Honestly, any increase is a good increase at this point and doesn't matter how much. The reason for that is when bitcoin goes up it means its not going down. As long as bitcoin keeps going up and not goes down we are in good territory. It could be small, it could be big but as long as it goes up I am super happy about it. I can see bitcoin increasing from 3700 to 5000 in 6 months slowly and as long as it just slowly goes up without ever going down I am fine with it.

The bear market really hurt us so much that we lost too many people who were once interested in crypto but left because of the price drops and we can't really afford to lose more people. Bitcoin is said to drop as low as 2000 by some people and as you can see it has a resistance and tries to stay above 3500 all the time and I am fine with it.

Go Bitcoin! Excite me like a pussy dancing on the table!  :D
I would like to see Bitcoin volatile as it used to be (yes the ups and downs too) Like the majority of people I too don't think the trend will continue, I bet on Monday it will lose the 10%.

I basically agree with this scenario

Though I don't actually expect prices to break out beyond 4k any time soon. The market doesn't look strong now, so the smart ones will likely start selling earlier if they haven't already. We had been staying for too long in a very tight range to penetrate easily current resistance levels as they had likely also been going lower over time (read, it may take time as well as some effort and a few up and down cycles)

Put differently, we should now start thinking in terms of hundreds of dollars, not in thousands, when analyzing possible price action. This may be our new base scale

Chances to run much stronger is always possible as we knew things are unpredictable, this little rise will serve as a wake up calls to those who
are still waiting for another bull to run fast, for sure it will be noticed and we will going to experienced some more good pumped, buy if you
can hold and wait.

Fire is small and looks good for altcoins too, now bitcoin is back down but Litecoin and Binance have a good rise. The movement is small and will bring a little change, hoping to still be able to increase again an unexpected crypto game.

The prices were moving and good to see and hoping to break the $4000 level soon which can create more positive attentions among the investors to invest more and more.

Having positive mindset towards the crypto will helps a lot.

I was happy about yesterday lift that cryptocurrencies market experienced and I read at coindesk that a link interview said ETF will be approved and that might be the reason for the $200 gain we experienced yesterday.  I believe next week it is going to be a new pattern we are going to see.

We have risen measly $200

And now you are saying that we are on our way to 5k. We will be there if we reliably break the 4k resistance and stand there, with it becoming a new major support level. But considering for how long we had been stuck at 3.5k, it doesn't look like a plausible assumption unless there is some major news (positive, naturally) followed by real events that add value to Bitcoin (I don't know what it could be). Obviously, some random comment won't cut it

The daily candle range was closer to $400. And yes I'm saying that, based on a temporary exhaustion of bear momentum and a bullish engulfing on the daily chart with strong volume. I could be wrong; in fact most good traders are wrong a lot of the time. But in my experience, ignoring technical signs like these is just stupid.

$5K was just a general guess and another leg up could easily top lower than that. I'm just looking for a stop run above the $4,200 high to trap bulls. Then we're probably going back down.

We are all wrong most of the time

So no need to make allowance for it as it should be kinda expected and understood. Personally, I base my expectations on pretty simple grounds, that is, there are no strong fundamentals for the price growth now. And to make things clear, I also take into account such things as "bears exhaustion" (read, long-term market sentiment). But we are not there yet. It is not even set in stone that we will ever be

In fact, we are in a completely unchartered territory right now as the market we see today is very different from what we saw in 2015 (read, it is not like we are in 2015). Maybe, what we have been experiencing for the last few months (say, since the fall of 2018) has more to do with speculative interest in cryptocurrencies losing steam big way (you may think of it as a corpse cooling down)

I think that the price of bitcoin will start grow even if will not be a huge grow. In my opinion the price will grow step by step until the bull run will start and i think we can have a new ATH for bitcoin.

What would you consider strong fundamentals for price growth, and how would you measure them?

The way I see it, Bitcoin's price is tied more to speculation than actual fundamentals. What really matters to me is whether buyers or sellers are in control of the market. That's reflected in the charts. There doesn't need to be major fundamental changes for selling to stop or buying to begin.


Buyer and seller exhaustion exists on all time frames. I never said anything about the end of the bear market, in fact I specifically said "temporary exhaustion of bear momentum." There are no signs the bear market is ending yet. I'm just looking for a mid-term countertrend trade.

We still all hoping that year 2017 price of bitcoin will be like this 2019 but many speculation and fud news always around and they said that this year is not enough or ready for next bull run. But I'm still believe that even we can't reach highest price there will be a increase.

Yes, and this is one such fundamental metric

Which I for one consider a genuine fundamental as it actually determines the price (which I came close to explaining in my previous post). It can be summarized as people's interest in Bitcoin. For example, in 2017 people were highly interested in cryptocurrencies (the exact reasons for this interest are not important here)

Today it doesn't look like that anymore, i.e. there is not much interest in cryptocurrencies. So the fundamentals look bleak, which can be seen in pathetic daily volumes over the course of the last couple months

People lossing interest on Bitcoin until this day because the price is too slow, all they need is quick profit they can't wait when it is recover. It's a simple TA's why market remains low. People will showing interest if market is high then if low they leave the market.
But as of now, I don't see any reason why Bitcoin price spike on the market, but let's do hope it will continue raising up.

I don't think that people has losing their interest to Bitcoin. It is just about price fluctation. People has started to interest something else instead of cryptocurrencies just for now. When Bitcoin price will start to rise, then all people will come back. I am sure of it.

But important thing is know when market will recover completely. Someone will earn a lot of money who know the true time.

The most important thing here is a proper understanding of causal relationships

For example, you say (and others say it too) that when Bitcoin price starts to rise, all people will be coming back (and that you are sure of it). This is an example of inferring an incorrect causal relation, which is worth explaining in detail. You assume that people are going to return when Bitcoin rises, but how can it rise if they don't come first?

For Bitcoin to rise, there should be a lot of interest in it but it is not possible without people actually starting buying or using Bitcoin. In other words, it works in exactly reverse order. Basically, you are confusing cause and effect here. People coming back is the cause of prices rising, while Bitcoin rising is the effect of people coming back

i think it's actually both. it works like a feedback loop.

bitcoin might form a bottom and start rising because of increasing adoption or large players accumulating, etc but people obviously also buy because the price is rising. that's why the largest gains happen towards the end of the bull markets, during the parabolic blow off phase, when the media is hyping it everyday. the 2013 bubble was the reason i gravitated to bitcoin.

i've even heard someone make a convincing case that bitcoin acts like a veblen good (https://www.investopedia.com/terms/v/veblen-good.asp).

The interest of the people really matters on its price, fluctuation makes the market so beautiful as it  give way to make profit. I know have a lot of bitcoin holders in this forum and yet they are still waiting for the market spike.
A lot of people keep on waiting for the bulls came out but we don't know when it comes, they'll just doubts to invest crypto as if the market continue to dump. They'll not losing their interest with crypto but they'll much get interest when the prices are in uptrend motion.   

The fire are slowly fading away again but I still believe for the future up trend. Let’s go for the new ATH this year, keep the fire burning even if the market is dumping again, don’t lose your faith. We know how bicoin moves it price before and it can happen again.

Over the past months, bitcoin has had similar increase in price aftee prolonged stagnancy, but some of those times it fell below its previous support level.
Understanding the chart fir newbies is almost impossible.
Concentrate on the fundamentals of Bitcoin and how high it can go. Do not follow the bait anytime the price rises.

We need a momentum in bitcoin price and not just a pump of 200$ and then again dump of 200$. Litecoin is rising because its halving is near and Bnb is pumping because of the fact that the new ICO at launchpad needs Bnb to buy the tokens.
Anyways it better that bitcoin is staying above 3500$ and i hope it will keep on rising from now onwards.

Obviously, in real life it is way more complicated than that. You should admit that someone has to buy first in order to ignite some fire in the oven, right? But I understand your point. People see Bitcoin rising and start buying in an effort to ride the trend and earn easy money which adds more fuel to the stove. But here's the catch. It is the balance of supply and demand which actually determines the price, and while for some period of growth your assumption makes sense, it may no longer hold when we see what you call "the parabolic blow off phase". In that phase the price is growing not because of demand surging but rather because of the supply running dry

This is where things start getting really complicated

Understanding the chart is not going to help anyone because the market will move in its own way so just analysing the recorded thing is not going to help in understand the current movement but the prices bumoed is not much high with bitcoin but many altcoins were finding bigger movements.

you would never be able to make that distinction. obviously low supply has an effect, but it's silly to say price---in a bubble---isn't growing because of surging demand. tell that to all the bagholders from 2017, lol.

The recent price increases on the market look very positive and it is very possible that this is the beginning of the bull run. However, we can not be sure yet, so we have to be very careful, because it can be a trap before the next price drops.

Never expect the bull run to arrive so fast, for that to happen it will take a long time, you cannot expect a bull run every one off year, you will definitely see a recovery process this year and next year we will see the push and you might see corrections in between every run and the big bull like 2017 might not happen again, but if that happens great but i would like to see a gradual growth in the price rather than these heavy bull run and then a big collapse for an year, gradual rise in the price is more wonderful that big drops after big highs, when it rallies big the media praises bitcoin but when the bear starts it starts to promote on how the bubble burst and that is how media works and some people will get influenced by them  ;D

You won't believe me

But this is exactly what I had been telling future victims of the coming Bitcoin crash before it actually came. You may read more about it here (https://bitcointalk.org/index.php?topic=2552649.msg26018333#msg26018333) if you haven't already. And yes, I'm certain that in the blow-off phase of that parabolic rise we were dealing with a drop in supply, not so much a rise in demand. Otherwise we should have seen higher prices until demand stopped increasing while supply started falling

well, I also see that small fires have appeared in bitcoin. for some reason I think that this year bitcoin will really change. seeing the price of bitcoin stabilize in the past few days, making me return to optimism in the world of crypto. I'm sure bitcoin will pass the price of $ 4000 this month. even ETH has also begun to show sparks.

Price of bitcoin has shown a good forward trend after the long bearish market. This doesn't assure with the growth of bitcoin market, the ongoing bear trend is found to be the longest from bitcoin into existence. In the past when the price of bitcoin reached $1000, it fell low to $100 and the complete recovery took place after a long. This time how long this takes place is still unpredictable and a small price pumping has got ignited.

Here we go again with the certainties lol. It's a 200 move upwards but last time i checked, btc is going below 3.6k again. Can we just let it move without making a big fuss about a few hundred dollar change. It'll only get people excited for nothing.

A little fluctuation may not motivate the investors. I think that once the bitcoin price will reach to 6000$ back then people will again active and will start investment again. Although experts and not going to sell their coins and trying to hold which is no doubt giving good support to the market but still we need some more investors which boost the market and we can see the price again trading in a higher prices.

Of course everyone is peeing in their pants whenever they see bitcoin price jump $100-$200 in day. We haven't seen that bump in more than a year so we understand where they coming from. But for majority or for those who have seen bear market from the past, there's nothing spectacular here, just maybe some FOMO but nothing else. We are still in the bearish trend, sorry to burst the bubble.

There is not a forward trend for the bitcoin price.
We are stable for a long period sing the bearish market had started. And we are still in the bearish trend if you consider that the price of $3500 was considered a bottom of the downfall by many investors.

there comes a time when we have to believe that market price movements will continue to increase in the future, therefore there is nothing wrong if we continue to invest from now on and do not throw away the coins we have even though the market charts always decline after a slight increase. but, if there are many people who can hold the coins they have in a long time and can be patient to wait until the right time, chances are that the market price will increase due to the reduced number of available coins and we can get many benefits in the future

The fire which got ignited on few days back looks like started to burn :) Hopefully this will bring more and more fire on the coming days and let the people who said bitcoin was end to an end.

https://talkimg.com/images/2023/09/02/mu0Xa.png

I don't want to upset others but I don't see it as the beggining of bull run. For me the increase we got recently is just a normal up or swing of price and we are still far of bull run. I already accepted it and I knew that i'm going to wait longer for a bull run but of course I would be happy to see a little increase.

Most users have mentioned the same that it isn't a beginning of a new bull run. Bitcoin at present seems to show little growth making the user community happy. Bitcoin at present seems to stabilize around $3950. Soon can expect the price of bitcoin to reach $4000 by which ethereum too will cross $150.

This is just a "little" fire tough, we need so much more. I mean we need at least above 5 thousand dollars to even say its a start of a bull, with these increases I feel like its not up and down trends that we are used to know, without breaking something like at least 4.5 thousand at bare minimum we can't really call it a bull and I seriously can't get hyped about it.

Don't get me wrong anytime bitcoin goes up instead of go down I am happy, that is how I approach it, going up doesn't have to be too much, even a %1 increase is amazing because it means it didn't went down. However in reality, I can't get excited anymore unless its a price I haven't seen in months. Last time we have seen over 5 thousand dollars was that bitcoin cash war thingy and ever since that we are below that price, if we move above it again then I would be super excited.

Its in our hand to bring the bull run,currently the price movement looks stable hope that it will not dumped again.

When there is sudden price increase without any reason might be a trap so better to avoid them but for now it looks like something we got like ethereum hardfork.

I hope so but we still need to aware of the movements of the price because the price can run in anywhere and even, the price can go down especially if many people are selling their bitcoin. I hope that the increase in the price is not a trap and it's better to take the profit while we can than never. But it is fine if you still want to wait for a little time because you want to sell bitcoin at more than $4k.

Compared to the bear market that it is ongoing all these months this upward trend is so small. We have still a long way to go if we want to say that the market has started moving upwards.
I think that the best range to say so will be 5-6k where at that price there were many people that thought this will be the lower price that bitcoin is going to face and they bought more crypto.

5 thousand dollars will be a Rubicon of sorts

If we ever come to that level, of course. I for one expect a severe fight between bulls and bears. That will be a good fight indeed with lots of pigs slaughtered in the process. I don't know who will prevail in the end, but personally I'm preparing myself to profit from monumental bursts of volatility which are without doubt bound to occur (going long in some places while shorting in others). In simple terms, let's get ready to rrrrumble

I just hope we do not get hopeless again if it falls back. The price is sustainable at these levels and we can stay here for a long time, there has been a ton of investments made into crypto space in the past year alone and that allows more and more people to be interested in bitcoin so increasing prices are amazing news and shows the value in investing not only into bitcoin but also crypto companies but at the same time we are in a situation where price still could go down at any moment.

If the price stays above it is because it deserves to be but if it goes down again we should not go back into panic mode, that kills the price more than the drop itself, people are afraid it will go under a thousand dollars or something and start selling like crazy dropping the price, if you fear bitcoin will go down and sell than you are making it go down yourself.

I agree, it is nice to see some bitcoin growth but it is too early to say this could be a change in the downward trend we have been seeing for more than a year, we must be measured in our expectations and predictions because it is very easy to make the mistake of thinking that things are back to normal or that this is the beginning of a bull market when this could be nothing more than a small correction that cannot be sustained and we go back to a price closer to 3500.

What is disgusting with watching the chart every time is in a moment you can be hyper excited of a little spike you are seeing and in a moment also your excitement can turn into gloom. Better focus on something else at this moment than destroy my mood watching the market shifts. When the change is too obvious and visible it will make a loud noise and no need to be tensed.

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years.  The market is going to recover no doubt but until bitcoin get to certain level we should not expect too much bull run.

we don't just need to cross $6000 again. we need to break above and then see it hold as support. $6k needs to be a firm bottom and price needs to rise away from it. until then, most of the 2018 bagholders (who generally have buy-ins > $6k) will continue providing supply and reinforcing the downtrend.

i don't see it happening anytime soon. the absolute best we can hope for is a spike near $6k but it'll be sold into very hard. even if i'm wrong and we already hit the bottom of this bear market, it's still gonna take months and months to exit the $3k-$6k range.

You are expecting too much from this market

I'd rather say that many folks around here would be happy to sell into anything which would come close to 5k. And as I explained on a few occasions already, we may need to change our frames of reference already and stop thinking in terms of price swings in the range of thousand dollars (and start thinking in the hundreds instead like we had been doing prior to the second half of 2017)

But there is no cloud without a silver lining, and as Bitcoin volatility subsides over longer timeframes, we may see more action in altcoins. I was telling something to that tune in the past (i.e. before the recent surge), and it looks like I wasn't too far from the truth. Major altcoins (Litecoin, most of all) got a decent boost in the last couple of weeks, and not just in dollar terms but also in respect to Bitcoin itself

This momentum can go a long way and if we get some support from anywhere in the world about any positive news it will rise much quickly and will also will help the demand to rise . This will help everyone involved in crypto to get benefit and make good returns from it.

I don't think bitcoin can be able to break $6000 in the near. Bitcoin needs to make a correction first before it increases and I am not sure the increase will be too higher. And yes, we are soon reaching $4000 and even more but to reach $5000 in the first level, we need more than just time. We need more support level to break every big wall in the market so the price can jump to the higher price. But lets we wait for the next month, and I hope that there is good news that will help the price to increase.

Third time update, current price of bitcoin : $4200 source: https://coinmarketcap.com/currencies/bitcoin/

The fire still getting bigger and bigger and something feel I get that we are going to the ext level of recovery after huge bearish trend.

Speculate about reaching $5000 now. ;)

Well bitcoin cannot cross 6000$ all at once. It will have to cross few milestones and resistance before. Last night Bitcoin crossed 4000$ and now it will test 4300$ resistance level. The important think now is that bitcoin remains above 4000$ and do not fall below it.

Speculations were going around stating that based on the growth with time the market will progress reaching $5000-$6000 at the earliest. As predicted the price of bitcoin has grown crossing $4200, and upon the same now its time for resistance gain. Possibly I believe that the price of bitcoin will tend to reach $6000 crossing the resistance barriers $4500.

If you have bought bitcoin at a cheaper price then even a little ignition of bitcoin's price can really give you a good profit. That's one of the lessons i've learned in crypto and that really makes sense because  as we know, bitcoin is the number 1 crypto and it will never always has its price to go down.

It looks like a small fire is burning and makes new hopes for the price of bitcoin, for a moment at the top and back down and this crypto game is happening. All altcoins follow the bitcoin movement and make a lot of people lose when this game happens, but there are also many people who are lucky because they are better at reading the market situation and manipulation.

This latest Bitcoin movement has aroused much more interest in the market. Although we must be very cautious, because Strong Hands may be preparing a lateralization to generate liquidity and generate another small rally, and then take profits and break the Stop Loss of many.

We have passed $4,100 couple days ago and i though this would bring more growth but again a bulltrap happend.but ofcourse i still want to share some good vibes as this is all we need now Positivity for all of us.

But lets be truthful that we will never reached the amount like what 2017 brings us in this short period of time.let us just enjoy the market and gain little with contentment

The market got a fire started and the same led it go down busted same as that a cracker. The fire was there till it exploded. Users expected it to be similar to a rocket launch, but what happened is an effect of a small cracker. Possibly this will change with more effective growth.

Looks like still fire in it,we can see that green side after that quick dump which is a sign of that new money coming into the market so I feels like the prices will raise again in the next couple of days.

There are many ways to trade, there are some that love what you are describing, they love watching the price all day and its movements and they do not keep their positions for longer than a few hours, but there are traders which do not like to trade in that way and hold their positions for longer periods of time ranging from a few days to even months, I suggest you that you inform yourself about those methods of trading since it is a more relaxed way to trade and the profits are still significant.

You are looking at it from the wrong perspective

As you seem to be missing something in your understanding how trading works in real life. There are no rules as to how long you should keep your position open, so it is definitely not like you close it no matter what after some time (like a few hours). You keep it as long as you see fit. It may be just a few minutes or a few months depending on the market. In simple terms, you set the rules based on the market behavior, and how long you should keep your position depends on it (read, as long as you need)