Last 4 months of bitcoin

[john_doe]

What do you see here?

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[steelboy]

Significant uptrend leading to the mother of all bullish pennants. 

[Pearls Before Swine]

Crazy growth, then a little stalling.  But I'm glad I was a part of the exponential part of that graph.  Did pretty damn well, although I didn't have much invested in bitcoin.

And from here?  We stalled a little at $2500, and I expect more upside soon.  Couldn't tell you when, though.

[Siren]

Crazy growth, then a little stalling.  But I'm glad I was a part of the exponential part of that graph.  Did pretty damn well, although I didn't have much invested in bitcoin.

And from here?  We stalled a little at $2500, and I expect more upside soon.  Couldn't tell you when, though.

I also see a growth as well in the next coming months. I guess this will happen after Aug 1. I'm not good at speculating but I'm feeling a exponential growth after this date. Maybe Segwit2x will really bring a good impact to the market. So what is next? Buy bitcoin and hold for the long time so that we can all see profits in the future.

[JimboToronto]

Significant uptrend leading to the mother of all bullish pennants. 

Can't argue with that. It's precisely how I see it too. Coiling, coiling...
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The 4 month chart is the first thing I show people who ask how Bitcoin's doing "these days". Then I show them the 2 year chart.

[CyberKuro]

Significant uptrend leading to the mother of all bullish pennants.  

Can't argue with that. It's precisely how I see it too. Coiling, coiling...
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The 4 month chart is the first thing I show people who ask how Bitcoin's doing "these days". Then I show them the 2 year chart.

I would love to see last 2 years of bitcoin chart, make a screenshot and post it here.
Bitcoin has been doing so well in the last 4 months, whoever bought bitcoin at $888 and managed to sold it at $3003 are the lucky ones. At least, we know that bitcoin is still in progress and will continue to growing bigger than any other currencies.

[BitMaxz]

From $888.2 to $3003 incredible hope that the price could not decrease more below $2k. this coming segwit nstead what even happen from last 4 months could be the same as this new event coming..
$888.2 too much price drop and i think other people don't let the price down back again.. So expecting more price increase this coming months.
Traders are also wise they are choosing to sell above the present price just to prevent the price increase or getting the benefits of price increased.
Hope we will see a good result after few months . and after segwit activation.

[timerland]

What do you see here?

First of all, we have struggled with the $3000 barrier. In this chart it actually shows as $3003 being the top but if you look at coinmarketcap which is a weighted average of all exchanges you will see that bitcoin never actually hit $3000.

After that, you can see clear cycles of boom and bust. The floor is pretty much set at $2000 and the roof is $2800-$2900. I have a strong gut feeling that the price of each bitcoin will again test the $3000 level, and probably break it after the UASF when SW is implemented. Then, just like $2000 is the definitive floor for bitcoin right now, $3000 will become the new floor, and won't be broken unless a hard fork happens.

[pitham1]

Even if we look at the last 6 months of Bitcoin, the uptrend is clearly visible. There was a correction after the last halving, a period of lull, then the current uptrend started. Right now, things seem slow but we could have a break out any minute.

[n0ne]

Even if we look at the last 6 months of Bitcoin, the uptrend is clearly visible. There was a correction after the last halving, a period of lull, then the current uptrend started. Right now, things seem slow but we could have a break out any minute.

As stated from the beginning of the year the growth with bitcoin is quite high, also the chart clearly shows it. The growth took the price to reach several ATH. Though the uptrend has got slow down after the big correction this seems to be the time for resistance gain to cause the next price uptrend.

[pooya87]

i see adoption,
i see growth,
i see people finally stop saying $1200 is the end because 2013 was that much and it will fall,
i see Japan adopting bitcoin as a legal way of payment,
i see merchants in Japan accepting bitcoin,
then i see Japanese government removing taxation on bitcoin when you use it as a currency,
then i see even more merchants adopting bitcoin,
then i see other countries like Australia do the same,
then i see other countries starting to think about it, ...

and all this means a stronger buy support each day that passes. and with that a stronger price which will go higher if the trend continues.

[Schuyler]

But if you look at the volume, the red sticks seem to outnumber the green ones, meaning the selling is heavier than buying. But the short term trend seems to start to point up again, while the long term trend is still fairly on the upswing. Looking forward to $2,800 in a couple of weeks.

[btcney]

What do you see here?

You can definitely see that bitcoin price has grown a lot.

The incerase in price pretty much corresponds with government regulations moving into legalizing bitcoin as well. So it's definitely not some sort of unexplained mania, adoption by merchants and government acceptance for bitcoin is at an all time high in my opinion.

But if you look at the volume, the red sticks seem to outnumber the green ones, meaning the selling is heavier than buying. But the short term trend seems to start to point up again, while the long term trend is still fairly on the upswing. Looking forward to $2,800 in a couple of weeks.

Usually there is a few days of bearish market conditions which traders can take advantage of, and then after these few days there will be one big adjustment upwards, and the price stabilizes at a particular level. This is pretty much constant throughout the 4 month chart of bitcoin. Apart from illiquid altcoins this is probably the only way you could have more tripled 1 billion dollars in these 4 months. Not bad.

[romero121]

Bitcoin gave very big growth that none could have thought about. By the year starting users were speculating about the price to reach $2000 and all of a sudden the tremendous growth in count of more than $100 took place and all of a sudden went high nearing $3000. Soon once again the crazy growth takes us to $4000 or even higher.

[NeuroticFish]

I almost avoided this thread, I thought that's yet another doomsday thread.
Bitcoin had in the past long months of stalling (actually hovering around some certain prices) and I find that very good.
Now it's normal what we see. Bitcoin will keep this trend until August 1st since people are scared of "what's next". The optimistic ones are buying, the pessimistic ones are selling; there's quite a balance.

[Reid]

If only a lot of bitcoin users are looking at this way.
Problem is they are too much sensitive with a little movement that is going on.
I see a lot of growth in just four months and it ain't stopping there.

That is still at the short-term. Four months aint that long and in just a week of a $300 fall they say bitcoin is dead. 

[bamboylee]

300% growth in just 4 months. Pretty amazing. To some it will look like a bubble but to bitcoin it is quite natural. Good thing it is consolidating at 2500$, it seems like it is amassing energy to push upward again.

[Amph]

one may think that we are heading to 1000 or sub value under that but, you need to account that bitcoin is not a pump and dump in the end, the value can only grow by average each year which is what is happening

maybe a little fast now, so probably a correction is needed, but it's undeniable that bitcoin final goal is to acquire value and not to lose it, and the current adoption premises are clearly saying that another increase is approaching

[Denker]

The last 4 months we had an awesome bullrun!
Barely a day where people were not excited or haven't checked the price ticker at least 5-10 times a day.
Right now we are cooling off a bit and doing some consolidation.Mostly hovering around the 2500-2600 area.
After SegWit got activated I believe we continue moving up a while before the debate and fight about the 2x hardfork happens. No idea how the market will react during that time period. But for now I'm still bullish.

[magneto]

What do you see here?

The momentum of the upward trend has definitely slowed down. A major reason is bitcoin has never hit above $3000 or at least for long at all, and this has negatively affected the psychological side of traders and a lot have panic dumped thinking that this is the end of the bull run.

In my opinion though there is definitely a new bull run brewing right now. Lots of sideways movement, stability overall in the price, floating nicely around the $2500 mark. Before 1st August we should see some action once again, hopefully this time it'll be enough for bitcoin to climb over $3000 and establish a new floor at that price level before the UASF happens.