Bull trap? Or price going back to 4k for real?

[bitcoin31]

4k is real we need only 80 dollars to reach bitcoin that price. Because as of not the price is 3920 dollars and for sure it will see 4k dollars maybe this day or tomorrow. So be ready guyz . Promote bitcoin to us so the price will continue to increase . September 30 is nesr and maybe the price will decrease because of china do . But dont worry we are here support bitcoin and we will see again 5k dollars is the next target.

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[machinek20]

The price moving too fast, it will has a great chance to bounce back, so I think it is a bull trap , a great rising is constant and simultaneously, so it is a slow rising and stable, that is the real rising but the price is really unpredictable in this few weeks, so need to be careful when taking action

[dodopool]

Yes, bitcoin broke out and it goes to 5k and even more.

Remember, technical analysis is the best. News comes the next.

Just follow your chart even though the prediction looks impossible to you

You did technical analysis to claim it will go to 5k and more?

Would you care posting a screen shot of your long position? If I were as confident as you, not just emotional rambling but with technical analysis, I would've started longing "long" ago

[cafucafucafu]

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Probably just the tip of the bull run coming up in my opinion.

Even if this is a bull trap it'll go much higher than the current price level(at least break $4k comfortably) before falling back down. We're currently just nearly at $4k and once we break it, the growth will be much faster.

That's why imo it's probably one of the better times to buy right now for a short term profit.

[magneto]

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Probably not a bull trap.

Otherwise price wouldn't be stable right now but instead be crashing down already. But it is still holding up at a price level above $3900 quite nicely it seems, which makes me think that this is most likely a legit pump and demand for bitcoin is up once again.

Still though, price seems to be stuck at the resistance level of $4k. I'm confident it'll break it sooner or later this week, though.

[Wind_FURY]

There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.

Is there any reason why this should change?

[OracionSeis]

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Probably just the tip of the bull run coming up in my opinion.

Even if this is a bull trap it'll go much higher than the current price level(at least break $4k comfortably) before falling back down. We're currently just nearly at $4k and once we break it, the growth will be much faster.

That's why imo it's probably one of the better times to buy right now for a short term profit.

It seems breakdown again after created a bullish trap, it can not breakout $4,000 and dropped down. At the moment, the price of Bitcoin is ~3,850 dollar, if in next few days the price of Bitcoin still can not keep higher than $3,500 I believe it will be continue fall down to below $3,000.

[Kyraishi]

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

It shouldn't be a bull trap.

However we are seeing some sort of pullback here, which is i think necessary for us to get to the next level of $4000+. The pump is probably because people saw that the price stabilized at $3500 and regained confidence in buying.

I'd expect much higher rises in price in the coming days. This bull market shouldn't be over just yet.

[hello_good_sir]

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

The price has stabilized, instead of crashing as soon as it reached the peak. It has pulled back from the high by around $50 but that is quite a small amount anyways. Plus, the chinese FUD seems to be gone now and people are genuinely interested in accumulating cheap coins below $5000.

Of course this could be a bull trap, but, looking from right now i don't think it is one because of that.

I have quite a positive prediction, i think that price is going to be at least $4300 by the end of the week, potentially even more.

[bitcoindusts]

I think the trap had been broken so this one is not a bull trap anymore.  Price going back to $4k is real  and I believe that it will go stratight to 5k since I think the confusion caused by Chinese government is fading.  Aside from that the upcoming upgrade for bitcoin network signals a bullish trend so i guess we will observe series of ATH in the coming month.

[carlosmg]

At this point chances are high that it will go above $4,000... The main question to me is how high can it go. I think the main limiting factor will be the segwit2x nonsense.

[notme]

Everyone is so sure of themselves.  Looking at the 15 minute charts, I see a trap.  In fact, I sold some at $3950.  Lower highs, lower lows.  Decreasing volume on up moves; increasing volume on down moves.  If we are going up, why is the herd following the sellers?  I'm prepared to be wrong, are you?

[hase0278]

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Looks like a trap to me. I wouldn't dare to even buy at this point where it seems like whales are playing up. It can be dangerous at times because right now, there is a lot more volume on dumps than upward trends so it will be safer if we all hold the bitcoin we got now and not dare buy more. If it were to rise I would still be good with it but the chance of it going up is not that high and not that low so it is possible.

[Lampaster]

I think that this price is legitimate. Whales are trying to shake the market using the rumors about ban of China. But user expectations are too high. All have become accustomed to spikes in food prices and therefore the price always returns to $ 4,000.

[geyayy]

I have checked the exchange rate of bitcoin to US dollars, and it is now $3957.33, if it continue to go higher, we will reach the $4000 mark today. And I hope it will continue, so don't correlate China's issue here, because it is a matter of supply and demand.

[nizamcc]

I think that Bitcoin's taking its turn now as if it would have been a bull trap, BTC couldn't have held up to the price of 3750 and would have been dumped suddenly as no movements were seen in the markets but it chose to go bullish and trends show that the price is definitely going towards bullish end, so without thinking wrongly just watch out the price breaking 4k in a matter of hours.

[asriloni]

There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.

Is there any reason why this should change?

I can assure that all these fud which back then successfully making the price gets dumped hard are just temporary, at the end bitcoin always regaining its price and break new ATH, if I'm wrong, please can someone else point me out which moment bitcoin didn't break new ATH after getting dumped hard.
I'm sure that all these fud are actually whales trying to gather bitcoin cheaply as much as they can, can't say more.

[bitcoindusts]

There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.

Is there any reason why this should change?

I can assure that all these fud which back then successfully making the price gets dumped hard are just temporary, at the end bitcoin always regaining its price and break new ATH, if I'm wrong, please can someone else point me out which moment bitcoin didn't break new ATH after getting dumped hard.
I'm sure that all these fud are actually whales trying to gather bitcoin cheaply as much as they can, can't say more.

You are saying temporary oh well nothing is permanent in Bitcoin except the transaction on its blockchain that is once it gets several confirmation. Price, FUD, hype, ATH, they are all temporary because Bitcoin price is driven by speculation.  And yes those who get bitcoin at cheaper price are so lucky because they can have more profit from it.  Aside from that it seems Bitcoin price is back again at $4000.  Does this mean we can have $5000 soon?

[pinky]

I have checked the exchange rate of bitcoin to US dollars, and it is now $3957.33, if it continue to go higher, we will reach the $4000 mark today. And I hope it will continue, so don't correlate China's issue here, because it is a matter of supply and demand.

Today's high was 3970$ for btc/usd pair.Maybe next day it will hit 4000$ without doubt.But to be honest 4k level is nothing for this cryptocurrency.It is all matter about time.

[figmentofmyass]

There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.

Is there any reason why this should change?

in the long term, no. but your logic makes no sense to a trader. the value of BTC dropped like 90% from top to bottom after 2013. wouldn't you rather secure some of those profits, rather than holding the whole time and losing 90% of your money? holding through those types of losses can be very hard psychologically, and often pushes people into selling the bottom.

it's important -- both financially and psychologically -- to take profit at some point. that leads to the question: you say "just buy the dip." well, where does the dip end? was $3000 the end of the dip? or could the price still drop another 35% from there in november? people thought $400 was the bottom of the dip, years ago...... we ended up going sub-$200. "buy and hold" is great after a long term correction. not after hundreds of % gains in less than a year.