It is not yet over as bitcoin heading toward $4,500!

[g-uid]

Hey guys. I just read a really good article about the falling price and support points.

Check it out here: https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

It is worth the read.

Well I think even if the price will rich $ 2000 we really didnt neef to get worried our fear cant really help us on this case maybe we should try to extend  our patience on the field we really need a long wait on this scenario.The best thing to do is to buy a lot of bitcoin and reserved it for the near future in case the price will rise.

This:

"Based on publicly available information, the report found that bitcoin’s price rose about 40% in the two-hour windows after each batch of newly issued Tether coins arrived at the exchange Bitfinex’s digital wallet, between last April and this January. "

Report referenced is here:

http://www.tetherreport.com

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[paul00]

Yes I agree that there is such pattern on the movements of bitcoin and I guess it is just this season that we are having this trend and hopefully as we go on with the year it will reach what it has been able to reach last year. This only proves that Bitcoin and other Alt coins are currently considered as an asset stored value since the values are fluctuating overtime and it continuously depends its value on the fiat currency that currently exists.

[drew314]

Yes, this downfall is not over yet. As what I have observed, this downfall will continue and go back to $4000 or even lower than that but it will increase again in the second quarter of the year. Now, many traders are waiting for the lowest price so that they can buy many tokens at lower price then sell or trade it when the price increases again.

[pcdgroup]

Today, the price is recovering... My coins are recovering too.

[trickyriky]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

I doubt very much that it will happen. Crypto society will simply never let Bitcoin fall drastically. I hope the the greatest fall is over.

[bering]

$4500 indeed good price to buy back and hold but apparently we won't see the price below at $5000 again because the price of bitcoin today was recovering back even almost all of cryptocurrencies has been in the green mark and possibly in the next few days the price still slightly raising up

[StochasticOrder]

We've seen these small downward crashes multiple times over the last few years. It still surprises me that the spam panic posts come out in mass each time. Long term if you HODL you made a lot of money and I see no reason to sell now. The only difference between now and the last few years is that there are a lot more cryptos that offer a chance to diversify your holdings.

[PartyPete]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

Have a look at the price charts now. The bleeding is now on a halt and prices are gaining again. I do believe there are so much support on 5k-6.5k usd price point. The dips has been massive and now that is gone I hope we are able to scramble from profit out of it.

[maarx]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

Today's price turned out to be more positive moving to $8K plus with 24 percentage increase in last 24 hours. We had the same spikes in all top 100 altcoins with green ranks. There is a less chance to go back to $4K and  below though we could reach few days before. Investors have started again to look and invest in crypto currencies. China is revisiting again on the regulations. US and few other countries strted adapting bitcoin. This would slowly increase its values.

[Crytptohack]

Looking at the chart, it appears to have bottomed near the Nov 2017 low around 5500-5700 depending upon the exchange. Running a fibonacci from the July 2017 low to the peak shows the .236 near the same level. Volume has also increased sharply at the V bottom. IMO yesterday may be the bottom.

[richardsNY]

Investors have started again to look and invest in crypto currencies.

Investors we're never out of the picture to begin with. All the panicking in the market comes from noobs and other retarded gamblers using borrowed money to bank on Bitcoin, while in reality they are just losing out. People apparently still see this market as a joke they can make some easy money with, but I can gladly say that this market doesn't work like that. Difference is that smart capital sold at near peak levels, and buys back right now, while dumb capital bought at near peak levels, and sell at the bottom.

China is revisiting again on the regulations. US and few other countries strted adapting bitcoin. This would slowly increase its values.

China has become far worse in terms of their regulations, and not vice versa. USA haven't adopted Bitcoin, and probably never will. The senate hearing regarding crypto was positive, and that was really it. After so much negativity this was a pretty decent step forward, and that reflects on the market and even the mainstream media. After all their negatively tinted articles they now seem to be less hostile towards crypto, which is just them adapting to the changed sentiment. If the price is going up, they are all cool, but when the price starts to go down, they start talking about governments going to fight crypto, etc.

[Koadharber]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

Basing patterns anytime isnt really a guaranteed that we are heading that way and as of now if you do able to see the price it already goes to reversal mode which seeing 4k price isnt really possible on such trend we are seeing now. Hopefully this trend reversal would sustained and heading for new ATH for this year and might takes time but would really be much better to see this thing.

[JCLee]

Take a look at price of Bitcoin at the moment man . I think you're totally wrong. Bitcoin can't drop to under 6k$, it's the lowest price that Bitcoin can drop to. Don't waste your time to wait until Bitcoin drop to 4k5$. LOL. There are no way. For now Bitcoin and all other cryptocurrencies are rising back although slowly, step by step I think next 2 or 3 weeks Bitcoin will come back to over 10k$.

[edgycorner]

Take a look at price of Bitcoin at the moment man . I think you're totally wrong. Bitcoin can't drop to under 6k$, it's the lowest price that Bitcoin can drop to. Don't waste your time to wait until Bitcoin drop to 4k5$. LOL. There are no way. For now Bitcoin and all other cryptocurrencies are rising back although slowly, step by step I think next 2 or 3 weeks Bitcoin will come back to over 10k$.

Well the drop was because of FUDs.Most of them turned to be wrong.Now banks and countries are releasing statements about not banning the crypptos.
Singapore just released a statement declining a ban on bitcoins.Albeit, they are going to regulate it.
But this could be a bull trap too :v

If it goes up then it will keep on going up, but another bear trend will be vvvdangerous.

Lets wait and see how market is going to unravel.Hold tight and lets hope for more good news!

[TooDumbForBitcoin]

Oh, that dreamers lol, SEC and CFTC chairman's are btc holders. It is enough declining for further growth. Look on the stocks markets. They red. Crypto's markets are bounce back and grean.

[Pinkris128]

Yes I agree that there is such pattern on the movements of bitcoin and I guess it is just this season that we are having this trend and hopefully as we go on with the year it will reach what it has been able to reach last year. This only proves that Bitcoin and other Alt coins are currently considered as an asset stored value since the values are fluctuating overtime and it continuously depends its value on the fiat currency that currently exists.

Yes, it was normal to bitcoin price go down, not all the time it will rise. Remember that it is volatile. Dint worry it just a matter of season as well, maybe sooner or later it will pump again and you'll get surprised on it. In favt this time traders and investor are more triggered to buy more as the bitcoin price was low now to get more profit when it pump.

[Slark]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.

Do you think it is wise to compare the chars from the very beginning of bitcoin existence to current situation?
It is not the same at all - current price and market polarization is driven purely by news - back in the day market have been so small that even small group of people could pump and dump it.
Bitcoin is already starting to gain momentum again - look what happened: http://www.globalcryptopress.com/2018/02/us-gov-gives-cryptocurrency-green-light.html

[JetSet11]

I would like to see that, but so many people are in misery over the price dips already. I'm fine with it falling back to 5-6k again if the altcoins follow suit. It'll be another occasion for shopping.

[Hannahanto]

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

Every January and February crypto currencies had to go through such corrections. This year, it really prolongs too much and the loss is too much. We almost lost around $5K to $6K in just 20 to 30 days time span. Yet to jump out of this correction. Only today, we could observe a positive hike of $1000 in bitcoin with around 24 percentage hike. Even other altcoin had a good growth today compared to last few days. There is a less chance to go back to $4K. Hope this does not fall to such position.

[Shishir99]

Bitcoin has recovered very well from 6000$ mark.
It will be very good sign if bitcoin can break some resistance.