The beginning of another bullish momentum!

[pooya87]

The bullish moment Bitcoin is going through right now was known by every single person out there as everybody knows that Bitcoin recovers its price very quickly than any other coin or asset. I am really happy to see it hit the $4000 target and would be much happier if it breaks the $4200 resistance. Once it crosses $4200 it will soon cross $4500 and hit the $5000 target. But i don't think that will happen any time soon knowing that ETH hard fork is going to take place at the end of this month. Chances are there that people will start selling their BTC to buy ETH and take out the profits. In that case there will be a significant dip in the price of BTC.

If ETH really do the fork and switch to PoS might be a something big, but not going to affect that much for bitcoin users. bitcoin still the base for many altcoins including ETH and it's inarguable.
in the coming days, ETH will probably rising up this month and reach new ATH after hardfork because people and miners will forcefully buying ETH if they want to stake their address but BTC still #1 and will alway be.

Yes I agree that Bitcoin will stay #1 in the list but i am just saying that if the ETH hard fork takes place then there will be many people in the list who will want to profit out of the situation and so they will sell their BTC to buy ETH and make some profits. In that case surely Bitcion will face a significant dip in price but it won't last long and anyways BTC will be on the top. After they make out the profits they will buy back BTC and it will increase in price again.

i don't know how you trade but the rest of the traders don't trade like that!
when you have bitcoin and want ETH, you just simply buy ETH with bitcoin you don't sell bitcoin first then take the money over to the other market to buy ETH! and that doesn't do anything to bitcoin price like it has not been doing anything so far as a lot of newbies invest in a lot of altcoins and get dumped on.

[Yuhee]

The bullish moment Bitcoin is going through right now was known by every single person out there as everybody knows that Bitcoin recovers its price very quickly than any other coin or asset. I am really happy to see it hit the $4000 target and would be much happier if it breaks the $4200 resistance. Once it crosses $4200 it will soon cross $4500 and hit the $5000 target. But i don't think that will happen any time soon knowing that ETH hard fork is going to take place at the end of this month. Chances are there that people will start selling their BTC to buy ETH and take out the profits. In that case there will be a significant dip in the price of BTC.

If ETH really do the fork and switch to PoS might be a something big, but not going to affect that much for bitcoin users. bitcoin still the base for many altcoins including ETH and it's inarguable.
in the coming days, ETH will probably rising up this month and reach new ATH after hardfork because people and miners will forcefully buying ETH if they want to stake their address but BTC still #1 and will alway be.

Yes I agree that Bitcoin will stay #1 in the list but i am just saying that if the ETH hard fork takes place then there will be many people in the list who will want to profit out of the situation and so they will sell their BTC to buy ETH and make some profits. In that case surely Bitcion will face a significant dip in price but it won't last long and anyways BTC will be on the top. After they make out the profits they will buy back BTC and it will increase in price again.

i don't know how you trade but the rest of the traders don't trade like that!
when you have bitcoin and want ETH, you just simply buy ETH with bitcoin you don't sell bitcoin first then take the money over to the other market to buy ETH! and that doesn't do anything to bitcoin price like it has not been doing anything so far as a lot of newbies invest in a lot of altcoins and get dumped on.

Probably its really common for traders to buy BTC then trade it to other altcoins aside from ETH. The point maybe is that when there is a fork on ETH, it is really good to buy ETH because we can have double profit in ETH just like any other split. Most of the time i useBTC to buy ETH and the only problem for me on ETH is that it hasnt been really that popular like BTC eventhough a lot of platform had already been made in the ETH blockchain. It wil just take many more years to attain what BTC had gotten into.

[KaffkaN]

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

While yes we see a rise, but not final, we will wait. But this is not the limit, so many who managed to invest already think how much profit. Soon there will be investments in ETH so we will wait for one more recession. And there's a maximum we'll beat.

[fanbeila]

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

yes,those who had bought at $2,987 has taken a wise decision.Once again,newbies who had sold out their bitcoins in panic would be the victims.Bitcoin has once again proved that it is an ever growing currency and even the big giant china could not stop it this time.Definitely,chinese investors are big losers.The only thing they could do is just blame their government for such actions.Most of traders have shifted their trade to japan exchanges where restrictions are low compared to china.So,we could expect bitcoin to continue in bullish trend from now.

[gabbie2010]

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

Bitcoin could not break the resistance around $4000 the price kept on reversing towards a support around $3800 it kept on consolidating in that region from my own point of view based on fundamental analysis it think it is China ban on exchanges was the major cause of bitcoin price not being able to break the resistance at $4000.

[Kemarit]

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

Bitcoin could not break the resistance around $4000 the price kept on reversing towards a support around $3800 it kept on consolidating in that region from my own point of view based on fundamental analysis it think it is China ban on exchanges was the major cause of bitcoin price not being able to break the resistance at $4000.

Right now are below ~$4000 and I think another mental barrier has been set. Traders and investors immediately jump on the sell button once the price reach $4000. They are afraid that they will be another crash coming soon so that they quickly sold off. Although the negative news has somewhat subsided, I assume that its not done yet because the major Chinese exchange will also closes it operation around end of Sept and early Oct so there will be dumping coming our way. Though its really a breathe of fresh air seeing the price goes $4000 again but it wasn't able to sustain its momentum and we are back to $3800-$3900.

[yugyug]

I am worryingg sbout china impact for the trading closure,
I think Chinese may sell as
Much as they can, it s scary that another drop may be occured

There is no need to worry when Chinese government trying to close some of their crypto currency exchange, the price would be bearish at that event maybe dipping down 3k below.
Some part of Asian countries will catch the trading like Japan and Korea, this two countries are strong contenders as they comply their government policy to operate the crypto trading they are more sustainable than China.
If that happen when Chinese government will truly halt their crypto it will take 2 months for BTC to recover just my two cents.

[frowsiter]

I'm the one of them who got the investment done when price was fallen below 3K and just took the shot to buy more coins. This has been my strategy always and waited long for this to happen. Because such mass buy opportunities come rarely with bitcoin. The point of entry always is the when one some news explodes out there and the downward fall starts for bitcoin. So one should be always ready for the situation to buy and not to get panic with it. The one who panics and sells most of the coin is the one who looses most of the money.

[kimochidesh]

China statement on exchanges and JP Morgan statement has created a panic situation for few days. Newbies have exited the market, again Bitcoin Seem to be strong and trade around $3800.But I think it will take some time to reach till $5000 because people still not sure about China's stand on Crypto market. In my opinion, It will take around 2 months to reach that position. You can expect this level in the month of NOV.

[futile-resistance]

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

As long as there will be another bullisj news or support and the price will continue to growth but remember if this is a crypto investment and the trend can be changed anytime depend on the trend and how about the market itself, does the market are feeling stress or not due to the bad news. Crypto is really sensitive.

This is really a sort of another bullish momentum. Chinese ban has proved a blessing in disguise for a lot of new investors and traders because people have bought many bitcoins during the dump period caused by the Chinese government now as bitcoins is rising again it is expected to rise up to the price of $5000 or more.

[palle11]

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

As long as there will be another bullisj news or support and the price will continue to growth but remember if this is a crypto investment and the trend can be changed anytime depend on the trend and how about the market itself, does the market are feeling stress or not due to the bad news. Crypto is really sensitive.

This is really a sort of another bullish momentum. Chinese ban has proved a blessing in disguise for a lot of new investors and traders because people have bought many bitcoins during the dump period caused by the Chinese government now as bitcoins is rising again it is expected to rise up to the price of $5000 or more.

This ride to bullish won't be a surprise with the adoption of bitcoin in Japan. Is coming like a storm soon.

[elimi]

There is still some uncertainty about what will happen and I think until it can be opened, the market may be a bit stagnant.

[LRPchange]

Bullish moments.... hmmm... i hope some central bankers would buy in loads of btc soon.