Bitcoin rise is over

[orions.belt19]

Every time that we see a minor price drop, a lot of thread starts popping in saying that bitcoin is headed for doom and will crash. Yeah I agree, it will crash soon. But, did you also point in the graph that it can and will recovered from the crash? And the like scenario is the negative news that was cause by China, the price crash, however two weeks since and the price goes to $4000+. And besides, we can't compare what happened in 2013 to today. And the price just dip by $200. I hope you will also create a thread when bitcoin surges past $5000.

I've seen countless threads saying that Bitcoin is a bubble but here we are, experiencing more and more growth over the years. People have been saying this for year and look at the people who didn't believe in bitcoin a few years back - they deeply regret it to this day. It's not surprising to see that bitcoin will experience a price drop and its just normal for it to go down. I don't think that the price will stop increasing because of this.

[xuan87]

Chart and history could be a reference to trade but it won't be accurate 100% crypto currencies is decentralized so all of the up and down is based on the market, if more and more people keep on using and investing we will see another rising and there won't be any bubble, for now maybe the rising is over but in few days the price will go up again, the Bitcoin enthusiastic is very high

[rb26]

It seems the basis is off. First, the correction happened already when the price is about to reach the 5000 dollar mark and now the price is just 4300+ USD. It is almost 700 dollar away from 5000 dollar mark so having a correction "that big" is absurd. Bitcoin will still increase in the following months so it is not justifiable to say that the increase is over. Though we will encounter several downtrend but still Bitcoin will go up eventually.

[arseaboy]

If yoi compared the price in 2013 and 2017 its totally big difference and I hopr it will increase more. So if you have bitcoin its better if you hold your bitcoin and for sure you will arn a lot of profit in the future. I think also this is the right time to buy bitcoin and hold it for few months because i believe bitcoin price before end of this year 2017 become double. But It depends always on the demand on the market.

Supporters and newcomers are still approaching and I seen a big possibilities that the value will keep on increasing, its just a matter how willingly you are to take the risk and make your move in a situation where you can possibly seen corrections but one thing still I'm holding on, bitcoin value will continue to gain popularity and value will keep mooning.

[pooya87]

In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

go to pages 20 or so of the speculation board and try to find the time when bitcoin price reached $1000+ this year. you will surely see the same topics, same pictures, same people seeing the "similarity" in price of that time and price of 2013.
i wouldn't be surprised if you were one of them too.

[Kyraishi]

It could be possible that the bull run is over and that we were just in a bull trap, but i don't think it is very likely.

It's just a temporary pullback right now

I would say that price will at least go up to $5000 and break that level before the bubble pops, even though i agree we are likely to be in a bubble right now. The buyers are still keen on buying into bitcoin, at least for now.

[xypos]

The bubble will be corrected eventually, but i don't think it is going to be now. Just because bitcoin is down 2-3% today doesn't mean that the bull run is over. I actually think it is likely the bull run will last until at least the end of the year, and if it is strong enough perhaps even make it into next year.

This is just a short term correction, not the start of the collapse of btc price, at least in my opinion.

It should still be able to go up quite a lot, set a new all time high even.

[xtrump101]

I doubht it, bitcoin price is highly driven by latest news and development, and btc has just been started to be adopted by mainstream media, i think it will pump to 5000 to 6000 befotw month end! Thats my cent.

[steveabrahams]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

Nope, we never know about that but I think the price of bitcoin will not go under $4,000 in this month and i'm pretty sure the price can reach $4,500 soon. The thing is the price of bitcoin can easily distracted by any bad news and when it happen, the price can easily fall like the last time happened.

[talkbitcoin]

no amount of TA can predict bitcoin at this point, which means your chart is completely meaningless.

everything will depend on the upcoming fork and how the community reacts to it. pretty soon we will see an increased amount of "interest" in the fork coming from a lot of "brand new accounts" like always 90% of them are fake and spreading FUD. depending on how things go the price can get pretty wild. it may drop but it won't be because your "chart" said so. it will be because people may panic once again because of FUD.

[shata]

Every time that we see a minor price drop, a lot of thread starts popping in saying that bitcoin is headed for doom and will crash. Yeah I agree, it will crash soon. But, did you also point in the graph that it can and will recovered from the crash? And the like scenario is the negative news that was cause by China, the price crash, however two weeks since and the price goes to $4000+. And besides, we can't compare what happened in 2013 to today. And the price just dip by $200. I hope you will also create a thread when bitcoin surges past $5000.

I've seen countless threads saying that Bitcoin is a bubble but here we are, experiencing more and more growth over the years. People have been saying this for year and look at the people who didn't believe in bitcoin a few years back - they deeply regret it to this day. It's not surprising to see that bitcoin will experience a price drop and its just normal for it to go down. I don't think that the price will stop increasing because of this.

Yeah it's a normal scenario of bitcoin's price to see its price drop, because those long term holders grabbed the very short opportunities of the price increase and they're the dumpers of the market. They were often called weak hands as other old traders impressions for them. The rise isn't over yet and as I saw lately btc price was still gaining good track in the market and demands rises everyday even if dumping also happened as always.

[aardvark15]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

It's very possible that you are correct. I've been saying that I think we may be in a trading range from maybe $3500 to $4500 and the price could just fluctuate in that range for a while.

It's also possible that there is a more significant correction coming that will bring the price down below $3000. It's hard to say what will happen but I agree that it's likely that we won't see new highs for a while. Bitcoin had a huge increase in a short period of time and was in a bubble. We just don't know how big of a bubble it was.

[Kemarit]

Every time that we see a minor price drop, a lot of thread starts popping in saying that bitcoin is headed for doom and will crash. Yeah I agree, it will crash soon. But, did you also point in the graph that it can and will recovered from the crash? And the like scenario is the negative news that was cause by China, the price crash, however two weeks since and the price goes to $4000+. And besides, we can't compare what happened in 2013 to today. And the price just dip by $200. I hope you will also create a thread when bitcoin surges past $5000.

I've seen countless threads saying that Bitcoin is a bubble but here we are, experiencing more and more growth over the years. People have been saying this for year and look at the people who didn't believe in bitcoin a few years back - they deeply regret it to this day. It's not surprising to see that bitcoin will experience a price drop and its just normal for it to go down. I don't think that the price will stop increasing because of this.

Yeah it's a normal scenario of bitcoin's price to see its price drop, because those long term holders grabbed the very short opportunities of the price increase and they're the dumpers of the market. They were often called weak hands as other old traders impressions for them. The rise isn't over yet and as I saw lately btc price was still gaining good track in the market and demands rises everyday even if dumping also happened as always.

Of course, its just normal to see bitcoin's price going down or sometimes in a roller coast movement. But you can still enjoy the best of them. If you are seeing that the price is going down, then you might as well grab that opportunity to steal some coins while its cheap. Those dumpsters are not all weak hands, well yes most of them. But there are really investors who usually dumps huge amount to take their profit. And when the price is low, they will try to buy it back at a cheap price. Weaker hands has no room in trading because whalers will do anything to manipulate the price in their favor. So the best choice is not to panic and do not push that sell button otherwise you will regret your decision on the next couple of days. So the price rise and price going down is normal and you will see it occasionally.

[KAKACH]

TA analysis for long term bitcoin evolution is not really relevant... you can find everything in anychart...

I think the rise is on hold, people putting money aside until the fork2X , then we will see a huge increase

[ChainSmoker]

Op has lots of buy orders at 3K$ when he sold at that price recently  Op this is not 2013 and certainly we are not in bubble.2013 bubble was because of MtGox.The price of bitcoin that we are seeing today are backed up by various different reasons including halving,increased adoption,segwit,soon LN,upcoming HF(more free coins) and more.You can't compare this with 2013 BS.I don't believe in dumb analysis of charts.Price doesn't move based on charts  

[Seansky]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

Even if that is the case, I doubt if history will repeat itself. There has been some time where bitcoin also had a chart similar to the end of 2013 but in the end bitcoin continued it's rising movements. Therefore, the chance of history repeating itself now is low specially now that there really isn't a bad news like a major exchange being hacked or something that will really take price to the bottom again.

[Bagaji]

I don't really believe that bitcoin has reach the level that we should expect serious correction at the moment, this is because the last correction was as a result of local exchange ban by the Chinese government. For serious correction to start at the $4,241.24 current value as at the time of this post, it required world event to take place. If not , i don't think bitcoin value has reach the maximum let alone time for serious correction.  

[YuginKadoya]

Anything can happen with the value of bitcoin and right now I think there is a resistance in going further the $4500 mark value right now that is why we are seeing a dip in the last minute that I have seen the price it went to the $4400 mark value, if that chart really depicting the movement of bitcoin and the surge is no more then maybe that is the reason why the price did not continue to increase.

[Cacingkemi]

I think BTC will go up to 5K $,the chart shows the wrong likes being in bubbles but reality likes different.But be wary if what you think might be true may happen,correction must be done.

[cryp24x]

I think we cannot compare the 2013 chart to 2017 chart  as the same thing.  Bitcoin during 2013 were no that strong, it was sure a bubble and overpumped by exchanges.  The current situation of Bitcoin is different because of more real supporter and country adoption, even  China support Bitcoin, they just need to clean their country of illegally operating exchanges. And look ahead, an update is about to happen.  It may dip a bit but I guess it will continue to uptrend unti it reaches its next peak price before correction happen.