Price climbing fast again

[hase0278]

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

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[richardsNY]

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

[aso118]

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

I don't think there is a lot of resistance now. We have moved over $1000 and remained there for a day.
While we haven't broken out to the moon, we didn't see profit booking/selling as soon as we crossed $1000

[angaper]

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

Yes, we are arriving to the critical but amazing time to see what will occur with the bitcoin price once it arrives to the last mark of $1,100. Of course a logical mind would find that level as the ideal time to sell, but I still hope a great surprise could be awaiting for us and we could see the highly expected ATH.

[hawkins]

I think the rise in bitcoin today, not so fast. but, this may make the price becomes higher. well, I do not expect a very high price, but I just hope that this can be stabilized in a very long time. yeah, but this is really a very good price.

[deisik]

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far

As to me, this is still mostly heavy speculation. I mean it is not very useful to gauge the price in terms of resistance or support right now. This doesn't mean that there are no buys and sells that could be interpreted as support and resistance, but they are fragmentary, i.e. doesn't make up a continuous block of orders (thick "walls"). In this way, the price could easily go up a few hundred dollars as well as go down as massively

I'm inclined to think that genuine support starts at 750-800 dollars per coin which we all witnessed

[1Referee]

I think the rise in bitcoin today, not so fast. but, this may make the price becomes higher. well, I do not expect a very high price, but I just hope that this can be stabilized in a very long time. yeah, but this is really a very good price.

The price as it is right now, can already be seen as it being on the higher side. Especially when you consider that larger blocks are more than ever needed. It's not a situation of that it should be done within a few years, but more that it should be done this year. That's why I just hope pools stop bullshitting with BU and XT and start showing support for SegWit as we need it to be activated a.s.a.p. Because as it is right now, this may eventually lead to the price dramatically going down, and we once again end up sitting far below the $1000 levels again.

[bettercrypto]

It seems price slows down a bit and somehow stay at this range. $1010-$1020 .  Is this a new floor?  or just a breathing space to move upward again?  I wonder if there is another Bad Press release by PBOC soon    Would that have effect to push Bitcoin price down to where it was?  At sub $900  before this rally?

[hase0278]

It seems price slows down a bit and somehow stay at this range. $1010-$1020 .  Is this a new floor?  or just a breathing space to move upward again?  I wonder if there is another Bad Press release by PBOC soon    Would that have effect to push Bitcoin price down to where it was?  At sub $900  before this rally?

I think this ain't the new floor yet. It is just a breathing space to move upward again or downward. Maybe the bad press release by PBOC soon would affect to push bitcoin price down but there is a possibility that it will have no effect at all at least. It will dump if many of the Chinese holders sells some bitcoin after it but if it aint we will see it as stable as ever.

[ultrloa]

It seems price slows down a bit and somehow stay at this range. $1010-$1020 .  Is this a new floor?  or just a breathing space to move upward again?  I wonder if there is another Bad Press release by PBOC soon    Would that have effect to push Bitcoin price down to where it was?  At sub $900  before this rally?

I think this ain't the new floor yet. It is just a breathing space to move upward again or downward. Maybe the bad press release by PBOC soon would affect to push bitcoin price down but there is a possibility that it will have no effect at all at least. It will dump if many of the Chinese holders sells some bitcoin after it but if it aint we will see it as stable as ever.

i think that also thats why i merely exchange frequently my btc to fiat since i can't trust the upper trend of the price for this moment, maybe this event is not going to last long and hope i am not right for my thoughs since i really want to see the price soar for more and hit the new record of highest price in history.

[pacifista]

It seems price slows down a bit and somehow stay at this range. $1010-$1020 .  Is this a new floor?  or just a breathing space to move upward again?  I wonder if there is another Bad Press release by PBOC soon    Would that have effect to push Bitcoin price down to where it was?  At sub $900  before this rally?

The price just keep on increasing and its not over yet but rather bitcoin is only starting to make its price go to highest price since the day it was born. 1500$? Definitely yes

[PlanetOfBets]

It's supposed to be something extraordinary, not 100 bucks, not 500 bucks. For example, Satoshinin coins move, attack or something happens, a big stock market is hacked, blockchain serious attack or political events that affect all currencies, and so on. Things like that have to happen:)

[shapeshiftscam]

With exploding on price again, current BTC price is pretty stable above 1000 usd, it is a good sign for bitcoin's future, the higher and the more stable bitcoin is, the more customers will like it, no one especially governments like the currency which are always fluctuating due to pump and dump.

[Przemax]

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

[e-coinomist]

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

[deisik]

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive

Something like this one?



But certain folks may heavily disagree with such an opinion. One dude even registered an alt account to reveal his disagreement as well as overall disrespectful attitude (and I guess I know whose alt is this), though it should be obvious to anyone who "does not appear to actually be insane" that price can go any way. In fact, long-term it typically goes in the direction of inflicting most losses to most number of people (that's exactly why a bull-trap is a possibility if not a reality)

[alyssa85]

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

[angaper]

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

Is it possible to rely on technical analysis yet? I have been a Forex trader for years sand there is an increased opinion that this is nothing but mere speculation and subjective considerations based on old techniques and indicators implemented 40 years ago. Multiple tests and analysis have rejected their reliability in all markets so I don't know why they should work well in this new altcoin market which is very, very different from traditional markets.

[PokerFace3]

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

[mtwelve]

Looks like after that dip in the $1020's we're going to retest some higher levels. Not worried either way, cashing out a little bit on the way to the top really helps with my anxiety and FOMO lol