Bitcoin Forum

Bitcoin has challenged and surpassed the $4 000 level it has been haggling with recently, escalating the currency up 3% against the U.S. dollar. On the tail of Bitcoin’s bull run other cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash recorded gains in the range of 6 to 18%. Using the momentum of Bitcoin as its strength, the valuation of the crypto market saw a peak of $10 billion in the past week.

Carry on reading here : https://www.cryptofish.com/blog/bitcoin-is-up-a-staggering-3/

Bitcoin continues its big cycle. When we examine the previous cycles, we see that the average process is 1.7 years. But we have only four cycles to catch this average. Therefore, it may not be reliable. However, when we look at the average value, we can see the price rise gradually until the end of the year.

But the situation for altcoins is more sensitive than ever. Any move that Bitcoin can do in any direction can affect the altcoins.

From what we've previously seen there is no chance to give a fair prediction for the further price changes. Right now we are testing 4k level but we had the same situation then BTC was around 15k, 10k, 7k, 5k and 3k$ price. It can remain on the same level for couple weeks and then lose 500-1000$ very fast if there won't be any clear trend.

The price of BTC needs to break the resistance level at $4200. Last few weeks it is testing the resistance but unable to completely break it. Also, we may find a bull run by the last quarter of 2019 as 2020 is next halving. Halving has lead to bull run in the past.

As the market is experiencing volatile conditions, we should back up the prediction with the market experts, who have been the mind and heart of the cryptocurrency market.

Arthur Hayes Bitcoin Price Prediction:

Arthur Hayes, the CEO of crypto derivatives exchange BitMex, on the other hand, have come with a very pessimistic bearish prediction. He changed his earlier prediction statement based on the sudden change in the market. Previously he had stated that BTC has the possibility of reaching $50K by the end of this year, but now he says that BTC will reach as low as $3K and will continue being bearish for the entire 2019.

Anthony Pompliano Bitcoin Price Prediction

In a recent tweet, Anthony Pompliano, founder of Morgan Creek said that Bitcoin isn't going anywhere. He stated that BTC might go as low as $3000, after which it will continue being bullish starting from 2019. He enunciated that there is no reason to freak out on the declining price as Bitcoin's fundamentals are becoming stronger.

Article source: https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019

If you look at the fact that the price and popularity of Bitcoin are cyclical, the bullish trend is replaced by the bearish trend and back, then the cycle should soon end, during which its price went down, after which the growth will begin, as it was in previous times. I think the fact that the price of Bitcoin has now stopped its fall and keep at the same level is a good sign that the market has reached the bottom and now may be the end of the cycle.

There is academical research done that it is pretty much impossible to predict market cycles. Cryptocurrencies are even more volatile than conventional stock market so it is really hard to say anything about if it's going down or up. We certainly hope it would go up!

a tiny 3% rise is not a rally to want to continue it is the normal daily changes that you can easily ignore. we have not yet passed the threshold of the resistance that is up above the $4k yet so that small rise still doesn't matter and you should relax for now and enjoy the stable price while the pumpers continue pumping small altcoins to make more money and get ready for the real rally that is coming soon ;)

Expect that there will be articles like that because the market seems to be green and good looking again. Bitcoin's price reached $4,200 few weeks ago but went down immediately.

I'm still not confident of thinking that $4,000 is the support level because it can go lower than that again.

because that was the first time price tried the reversal after reaching the bottom around $3100 and you can't expect price to just reverse that fast and easy. at that time basically everyone who has been participating in the market wanted their profit in short term when they bought around the bottom and wanted to sell at $4200 ish for at most 35% quick profit.
right now things are a little similar but not as big since many day traders are accumulating and have higher targets for their profit.

Looks like the price quickly got back to around 3970$ after surpassing the 4000$ level. This is the second time bitcoin price surpassed that level and it failed to maintain it there but I think it's a good thing that it actually has the power to get over it. In the recent weeks we've been seeing some green days in the bitcoin market and if that continues price should go up to $5-6k in the next coming month.

No prediction will I take to be accurate and dependable. Traders are simply doing their normal activities, soon the market may retract a bit and the whole process rallies and retract. Except there is a major news, I don't really see a drastic spike from these zones $3,800-4k+.

if you change your views from "bitcoin price is going from x to y" to "bitcoin price is staying between x and y" you can see that nothing is happening and nothing is "failing". price is currently staying between the higher level at $4050 and a lower level around $3900 and that is a small 3% window which we go up and down in. and it will continue for some more time.

For what I saw in last few keeps bouncing like a ball, how could it possibly continue to rise when there are no developments coming. Corrections, forks and what may reasons it has to be just to pump the price higher. I believe we will see continues rises when it will reach 5K USD. People will be panicking again and press buy button.

I agree with you, bitcoin is a cycle, and now is just having some nice time, but isn't the turbo bump that bitcoin know how to do. Is just the up and down wave. And about the altcoins, they get affected by bitcoin because their price is based on BTC. So, if the altcoin goes up and bitcoin does too, the profit is huge.

We have seen this kind of cycles many times, last time was just last month so I really don't know what's the fuss is all about. I agree, that we should not look as if something is going from behind, just a normal rally, and speculators are not selling until the price goes to $4200 again. ;D. Those day traders are very wise, so it's either you go with the flow or just hold on your coins. So I guess no one should be excited at this minor price spike.

Everything can be faked out thats why dont easily believe on what are the things you saw on your very own eyes.

3% isnt called a rally but rather just an ordinary day here on crypto.It can even go beyond that percentage but cant really be called out as a rally.

Yes those people who bought during the lowest took profits and didn't want to wait further for more increase.

They rinse and repeat that strategy if ever bitcoin goes another level.

Right now it is dangerous to be able to give some prediction, because 3% is a good indication, but it is not the final road to a rally, I think that before being a rally, the best thing to do is wait and be patient, because There is uncertainty in the market.

I think the best thing is that a lateralization can be generated for the market to take confidence so that it can decide to take another small leap up, because in reality it is bearish in nature, but it is clear that we are in a phase of accumulation (According to Wyckoff philosophy) these types of movements are very normal in this phase, therefore the volatility is impressive, we could expect a bullish movement if we observe that the offer begins to disappear or that simply, if the price of the bitcoin goes up without volume. So before you can give a conclusion or prediction, it is better to wait at least these 15 days, to see what important movement can finish defining that 3% that has managed to rise.

That's very difficult to predict if it will continue to rally because it seems still have no enough strength to make more pump IMO..because analyst says this new level is very critical which is bitcoin must defend or else significant losses could be imminent. So this is very unpredictable situation.

Bitcoin is making steady grow today and we should expect this to continue.  I think the cryptocurrencies market is seriously actract investments this days as billion of dollars keep flowing into cryptocurrencies market.  Ethereum is also picking up and that is a good sign of future growth.

It is really very difficult for us to predict the direction of bitcoin currently and it has been like that since inception!  If we are able to know what is going to happen in future it will be very easy for us to makes big profits and the fear of losing will not be there.  In cryptocurrencies trading it has been proven that the uncertainty and unpredictable time is the best time to invest because it means an explosion in pricing is about to happen.  For those who can invest at this uncertainty time it is good you should no that you are taking the part of wealth as it has happened in the past.

since bitcoin has been accepted in so much larger and wider companies I think it will continue to rally and be ready to go further, my speculation is that bitcoin has been adopted by elite people and able to raise prices so for them its not difficult to increase price and volume trade of market bitcoin

With the above quote as reference I too find that bitcoin hasn't gained the required strength for a larger price push. For resistance gain the price of bitcoin used to stagger within limits and this is the reason for the market without large scale price pumping. The scenario of the market is completely unpredictable and upon my experience I believe growth continues.

I really see it moving further between now and next week to about $4800 because as bitcoin is starting to run on it bull lane, a lot of people will out of FOMO start pumping money into the market for investment and as a result of this will surely push the bitcoin value further.

If you check what is behind this price action of BTC we have been experiencing recently, you will realize that they have been gaining more strong community who are willing to hold the coin in preparation for the next bull run, so I see bitcoin continuing on this lane till $4800 because there will be lots of resistance when it gets to $5000.

That's not enough average to continue increasing in my opinion because it's very low and for sure in just one negative news from fud's it will disappear again.like what always happens after small pump in the price wherein immediately decreasing when there's only a fake news. So it's not enough that can continue bitcoin to surge more .

I really don’t see any significant loss coming, the only thing that would have caused a significant loss is that people sell off their holding which I believe is quite too young because it is getting very difficult for whales now to continue to play on the intelligence of the investors through panics sell.

Most of the young investors have already learnt from the older ones and those that are using it as means of trade which for sure will have little effect on it but not so significant to be counted as losses, so I think bitcoin is beginning to gather momentum for its pump now. Everything will become feasible soon and we will really know its direction.

Nobody really comes because it's not strong enough to pump anymore because the market is still reading and investors also don't want to take risks even though other people talk it will be a rapid increase, maybe one year can turn the market into a bull market, we are just waiting long time the market continued to pump, because I saw it could not last long and finally returned as before always trying to improve and convince other investors, do not panic with this situation because this is a much better and normal market behavior, anyone can profit by Short trading, take advantage of every small jump.

If you look around, there is enough pumping going on right now, it just isn't Bitcoin. I would even like to say that Bitcoin is heavily lagging behind in terms of showing signs of a bottom. Altcoin charts look better in that regard, and that gives people the confidence to buy in.

Bitcoin in my opinion needs to break $6000 in order to have its chart look bullish. Everything below $6000 is just not interesting enough for me aside from the short term trading opportunities it offers. I have my short target in mind in case we do break out towards $5000, and I'm certain more people have. If you think logically, the amount of selling pressure between $4500-$5000 will be too much for Bitcoin to swallow, so it's an easy short for me.

Obviously, there are no guarantees that it will be like this, but the probability is quite in my favor, so it's worth a trade.

After bitcoin floated below 4k in quite a long time, he finally increased its value with trading volume exceeding 11 billion for the first time in recent months. Nevertheless this mild increase cannot yet be used as a guarantee against the next rally, maybe we will face some more corrections.

i agree 100%. easiest trade of 2019. book it.

it's hard to predict exactly where it'll top if we get that pop above $4200. i could see a squeeze past $5k. but once i see topping signs it'll be an easy sell. then it's back to shorting the market for a while once we have confirmation of a reversal.

it's pretty much a given we'll be revisiting the low-mid $3ks again, and we might just go for new lows.

We have more good news around today than negative news about the cryptocurrency and I don’t think that fake news you talked about is enough to do same now, it might have done it in the past but for now, a lot of investors are basically holding and already used to the idea of holding and this is virtually what is in the mind of every holder, to keep holding till we see a very high price of bitcoin.

So, if everyone has already developed the mindset and not willing to dump the coin anytime soon, then I don’t really see any negative news from FUD coming to play again. It might have little effect though, but will only make the market price stable because other awaiting investors will hold on first for the air to clear.

I know 3% may look small but in the end if its going up it means its not going down and any day bitcoin is not going down is a good day for me. From now on bitcoin could go 0.1% up everyday instead of going up and I would be happy about it. Hell, I wouldn't even mind going up 0.01% everyday neither, as long as it is going up I am fine with it. I think this is not even a "rally" that needs to continue but it is just a small spike that is increasing the support line as well.

So, if the price is going above like to 4200 we are not just going up but we are also increasing the drop, instead of going aaaall the way back down to 3400, we go back down to 3800 which makes it so much easier to go back up. The higher that low amount is the higher we can go up and with ease.

 one day we reach $18000 and today just for being above the $4000, is reason for many people to celebrate. things really change. It is still too early to celebrate the fact that the price is above $4000. unfortunately the price is not rising and this stagnation is not good, if it continues so the price will fall a lot


because they are pump and dump

Listen dude, Bitcoin was one of the oldest crypto that can be found in the crytpo world.
So however Bitcoin is, what price it is currently stated now, that doesn't matter to the bitcoin lovers. They were investing previously and now also they will invest.
Yeah there was a time when Bitcoin is at high peak , but now unfortunately it's way down that that.
As you habe mentioned it has increased a bit, we all hage faith that it will increase more.
Wish ourselves best of luck. :D

It is good to see the signs of recovery and hopefully will have the strength to sustain it by the end of this month and if that happens then the price of bitcoin will try to break the first resistance level and push forward and i am waiting to see how the market will react this week before the month end and then we will have a clear idea on the range of valuation.

I think Bitcoin has been adopted by elite people already since it wasn't hitting the bottom before. And we can see that by the histogram of Bitcoin of how much cap it got lost on some times. I believe they were accumulating as much as they want since they smell the bull run that is closely coming to them. I hope there wouldn't be a quick crash of the market at that time but I also believe that with the help of those miners the allocating fee would be tremendously high just like before.

well, if you say bitcoin is being adopted by rich people or by bitcoin miners who have large capacity and have a very large number of bitcoins to collect and they are waiting for the best moment to wait until the price goes up again because they realize that limited total bitcoin supply will make prices expensive someday.

I am solidly behind your facts, as a matter of fact and as a bitcoin lover, I really don’t care if bitcoin is down now or not, the future of bitcoin is what matters to me and no matter how long it takes.

The solution bitcoin has even proffered in form of easy payment is the best thing that has ever happened to me and I will keep using the cryptocurrency with or without price growth. This is why I don’t predict that much, I have already saved some Bitcoin for a long term investment, what I just do on coin marketcap is to check the current value and see how I can apply it to my daily transaction.

Bitcoin needs to break more resistances in order for this to continue.

Having good news makes this rally continue but, there were no good news until now, but that does not mean that bitcoin will go down. It'll just be stagnant.