Unable to break $400

[harizen]

Can anyone explain to me how some people are manipulating the Bitcoin Market?
I don't understand how it is possible since the market is so large.

There are so called big group of whales that can move the market by doing such a big pump or dump. They are really holding a large number of bitcoins that is ready anytime for their next execution of market moves.

Right now, manipulators aren't the one who can move the market now unlike before because nowadays we can see that many adopt bitcoin and at the same time, also doing a large trade which quiet can move the price even at the fair percentage.

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[azguard]

To our big surprise the big dump has been postponed. It will come soon but we may stay at current levels a bit longer.
Notice how there's an enormous pressure keeping it under $400? There is theoretical room to temporarily go up but there's a lot of pressure to keep it down. What do you guys think is going on here?

yea every time price goes over 390+ immediately goes down for 380+ every time is the same
pressure is big but im hopping to see it break soon

[NorrisK]

This must be one of the least negative posts about bitcoin price I have seen from Kwuk.
He is probably ill, or he might have fallen on his head yesterday.

Price will break 400 today, it is just taking one step of the stairs a day.

[tss]

Wait did kwuk just say the dump is postponed? This is the most bullish thing ever

YES I AGREE BUT VERY SCARY.. if the doom and gloom trolls are not doom and gloom, must mean market sentiment is bullish again so a BIG dump must imminent. the bots have to earn their gains.. you know?

[ivanst776]

That's true the bitcoin price is unable to be above the $400, what is stopping bitcoin to reach this target, $393 for now

[Amph]

nah, i don't think so, we have broken the 400 before, they are on purpose playing on this range for earning more before the next furious pump

there is no mental barrier actually, there are only artificial barriers created for stacking more coins

[LuckyYOU]

I think it's the big whales holding off on pumping and dumping.
They are the ones who have most control over the market and what happens to it.

[Altynbekova]

That's true the bitcoin price is unable to be above the $400, what is stopping bitcoin to reach this target, $393 for now

Well still oke for me, is kinda stable around 400 dollars. I am sure that in junaury will be increasing even more.
Before halvnig I just want that bitcoin will reacht atleast 500 dollars.

[hunnaryb]

The exchanges have so much control over the price, they could take this up to whatever price they want. The issue of course is not enough organic support at higher levels.

[1Referee]

To our big surprise the big dump has been postponed. It will come soon but we may stay at current levels a bit longer.
Notice how there's an enormous pressure keeping it under $400? There is theoretical room to temporarily go up but there's a lot of pressure to keep it down. What do you guys think is going on here?

Can you stop talking in we form? Thank you!

I agree with you that there is a huge load of sell orders waiting when the price is about to touch $400. If you look at Bitfinex, where it went over $400 several times, then you will notice that some traders are not that keen on seeing the price stay over $400. It will get pushed back to around $390 constantly, and some times even slightly below $390.

[bitlancr]

My prediction is that after this balancing $400 a pump will come and a dump right after. I'm just not sure when this will happen.
It might not happen unil early next year though. I just want to end this year with a solid $400.

[afbitcoins]

This is idea I'm exploring at the moment, on 4 hour chart looks like we're hitting resistance on one of the bullish trendlines.



(However on 1 day chart a similar fork already looks to be broken upwards.., still in doubt over which is best one to use )

In either case I think the trend is up and sooner or later $400 will be surpassed.

[Zaun]

My prediction is that after this balancing $400 a pump will come and a dump right after. I'm just not sure when this will happen.
It might not happen unil early next year though. I just want to end this year with a solid $400.

Better a solid 500 dollars or just at least 450 dollars than is close to 500 dollars.
We will see what the plan of bitcoin will be in december and next year.

[Hanacerty]

That's true the bitcoin price is unable to be above the $400, what is stopping bitcoin to reach this target, $393 for now

If a consensus of scaling bitcoin can be reached, the price will go much higher. It should break $400 easily. We will see.

[yefi]

78.6% retrace.

[Newcoins2020]

It's hard to say what causes this but like someone else here said, it could be the whales holding off for now.
If a pump happens we could reach $500 the end of this month but it's highly unlikely if bitcoin can barely hold on to $400

[jasonjm]

To our big surprise the big dump has been postponed. It will come soon but we may stay at current levels a bit longer.
Notice how there's an enormous pressure keeping it under $400? There is theoretical room to temporarily go up but there's a lot of pressure to keep it down. What do you guys think is going on here?

to my big surprise, no one gets tired of reading useless guesswork that this forum lives off.

you know who the only person who can predict where bitcoin will go short term is? someone who is going to dump or buy 100 000 coins in a few hours.

everyone else, especially you, is just guessing.

[harizen]

to my big surprise, no one gets tired of reading useless guesswork that this forum lives off.

you know who the only person who can predict where bitcoin will go short term is? someone who is going to dump or buy 100 000 coins in a few hours.

everyone else, especially you, is just guessing.

Guessing with some analyzations and basis are different and can consider as valid forecast.

If he can show some valid then he can speculate what he wants because it has supported basis.

And yes, Im speculating too sometimes but somehow I don't speculate without any substantial thoughts.

[Quickscammer]

Just be patient, soon 400 will be broken, again

[Oscoda]

I don't know what is causing this that don't go more than 400 dollars.
I am fine that it actually is around 395 dollars for now. So that means in 2016 well be a good start for bitcoin.