Has BTC started the upward move? How high will it jump

[AICoin_Official]

Basically, BTC remians in a oscillating pattern, it seems to be gaining momentum. Do you guys think it's ready to pump again?

An original analysis from Kuang Ren about BTC, feel free to leave your commnets below.

BTC:
Selling pressure still exists as bearish news keeps emerging from medias. Psychologically, no panic sentiment spreads among most retail investors, meaning that current position may fail to become the bottom during this correction. Technically, volumes supported by bears are getting lower and lower, while strength from bulls is still limited, which, however, has little influence on the trend reversal. After the release of pressure from bears, it’s time for bulls to fight back.

Original by Kuang Ren, translated and posted by AICoin Jami.

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[davis196]

Yesterday,the bitcoin price was 13180 USD.Now, it`s 14420 USD.Almost 1000 dollars for 24 hours is a pretty good "upward move".I don`t wanna make predictions ,but all the FUD and negative news can`t stop the bitcoin recovery.By the way,your didn`t post any analysis about the major altcoins,like you did in your previous posts.Why?Perhaps you realized  that the only cryptocurrency that matters is btc.

[vanish9]

The truth is that bitcoin wants to go up, but Roger Ver and his friends are constantly spamming the network and this is what makes the price go to the roof, and of course, the fees are insanely high.

[snipie]

Bitcoin has 2 directions either to rise or to move upward and take the long trajectory to the moon 

[newwest]

Bitcoin has 2 directions either to rise or to move upward and take the long trajectory to the moon 

The upward movement has started and it seems that we would be seeing some 16k price during the new Year. The fall seems to be over and correction which was suppose to take place is now done. So possible that it can stabilized at this level and move slowly upwards and from 2018 the upwards movement might start back again.

[Davinus]

It seems that it want to start rising again, but the real problem is that no one knows what is really happening with the price right now, it is so quiet, and it goes up, it will take a few minutes or even hours and it will start going down again, it is pretty unstable at the moment.

[tomahawk9]

Bitcoin has 2 directions either to rise or to move upward and take the long trajectory to the moon  

The upward movement has started and it seems that we would be seeing some 16k price during the new Year. The fall seems to be over and correction which was suppose to take place is now done. So possible that it can stabilized at this level and move slowly upwards and from 2018 the upwards movement might start back again.

No, there's no upward movement whatsoever. What we're seeing now is called fluctuation, the price has been going up and down like it always does. There's only been a 4% increase in the price over the last 24h, that's hardly an upward movement.

And I'm glad we're seeing such minimal increases, rather than a sudden spike in the price. For me, a gradual increase would mean that Bitcoin is having a healthy recovery after the correction.

[kaysersoze]

It seems that it still want to go up, and maybe that is the best thing that it could do. I am waiting until it touches $20k again so i can sell all my bitcoins, so i can buy again on the DIP, lmao, i am just very anxius.

[ihsanskanzaone]

I think it will not be easy because I notice the end of this bitcoin price is just up and down but not too high just in the range of 12.000USD to 14.000USD and this is a low number after the bitcoin price yesterday reached 19.000USD. so I think if bitcoin wants to start stepping they should be able to get back at the highest price.

[EcoChavCrypto]

I think it will not be easy because I notice the end of this bitcoin price is just up and down but not too high just in the range of 13.000USD to 14.000USD and this is a low number after the bitcoin price yesterday reached 19.000USD

It wasn't $19000 by yesterday, that price was on Monday when it touched the all time high, more than five days ago, even six.

And the price has been much more lower than $13000, have you been in holidays? It seems that you are a little bit outdated about what is really happening on the market at the moment.

I think that bitcoin will be stable, at least for this week, just remember that we are on holidays and there isn't much volume on the exchanges.

[btcone111]

TBH, $14K is still not a cheap price.
Not surprised if BTC falls back to $10K in the coming days and form some strong support around that area before bouncing off again.

[Wilhelm]

Bitstamp and Bitfinex prices are close together... this is a good sign of stability.
Upwards push will hopefully get us back to 15k soon and hopefully keep us on a nice steady slow rise.

Looking at the past I would expect another possible drop to 10k before full recovery. However we cannot predict Bitcoin

[pooya87]

currently we are in the holiday season and that may take out a lot of volume out of the market and that works both ways for going either up or down. so i guess we may continue seeing the same thing that happened over past week to happen for a longer time. possibly even until the end of the year and then in a month we can see a new ATH and the bull market restart.

[flounderella]

I'll wait for the 50/200 DMA crossover to resolve itself first

[vit05]

I do not think that has started. I think will go down a little more. We will only see the price hit 20k in the middle of January. Need way more volume than that has today. The only way it will be if alts crash again.

[Enjel]

I see the triangle pattern in the stock market, as well as relatively low volumes (which makes sense, given the holidays).

I actually believed that there would be a breakout, and so decided to allocate more funds at mid 14ks, because I thought this could be a solid breakout.

Obviously, I don't know if it's a fake or not. We'll see. I just like the trend that I am seeing, along with intuition.

[cipher-x_09]

Not yet for me, the start of the upward movement of bitcoin if it reaches its last high achieved price in the previous days which is 19,000 US dollar. Although we are moving in the positive end because the Bitcoin is been consistent although it is not rising high yet well at least it has not come down as compared to it price down in the last days.

[NiceSoft12]

[ajmapalo22]

I can see bitcoin price has started to pump again I think this year will close with the next big thing in the history of bitcoin appreciation, The last time I check bitcoin value reach $15500 from almost reaching $10000 last few days ago, I think bitcoin is now ready hit again. I'm glad I keep on trusting and believing in bitcoin I pray that 2018 will start with a good price for all crypto holders.

[coinplus]

It seems that it want to start rising again, but the real problem is that no one knows what is really happening with the price right now, it is so quiet, and it goes up, it will take a few minutes or even hours and it will start going down again, it is pretty unstable at the moment.

That is what usually happens after a huge correction, it is always followed by uncertainty and traders will be waiting for a clear signal to get back in. For now, we may just be seeing traders who are just shorting which are even very risky at the moment.

What we will see now is going to be some swift few percentage increases and decrease for some days until we see a clear winner and a better signal to get back in, but for now, we should still expect the uncertainty and doubt.