Bitcoin price back green after hitting $6000 USD, will this trend continue?

[Godric-Gryffindor]

After three-months bearish, Bitcoin price recovered, Tuesday after a long uncertain day of trading. Price reversals at the 6000 USD level mark long wait for those heavy sellers at 19000 USD, but with the recent news about Facebook ban in all cryptocurrency related advertisements and banks ban on buying Bitcoins using Credit Cards, will this bullish trend continue? Your thoughts?

[1715087507]

1715087507

[1715087507]

1715087507

[1715087507]

1715087507

[1715087507]

1715087507

[1715087507]

1715087507

[o_e_l_e_o]

Yes. No. Maybe.

Up. Down. Sideways.

Anyone who says they know for sure is lying.

[Beerwizzard]

The same thing happened when Bitcoin has been loosing 2k (from 10) and then recovering back to 9k and so on. People has been saying that it is finaly over but as we see they were wrong. Taking a look on the previous sources of FUD: full cryptoban was not yet released in china, ivestigation on Tether is still going and audiw wasn't done yet etc. Besides the new fud we can easily expect the continue of the old stories. Bro, it is too early to speak about the end of the bear trend.

[wantjokull]

I think 6K was the bottom line and whatever we will experience from now onwards is the price climbing only. I believe the falling market cap has finished its journey and there is only going to be in flow of the cash so that it will push the market upwards. Finally the time has came when everyones question will be solved and they will see "Bitcoin-Reborn". Im happy to see this green effect again. No matter what happens in the crypto but we should always be positive by all ways.

[WalkinRobbie]

7300   and CLIMBING 

[01BTC]

This month is under the bearish sign, I think will go deep to 5k and stay a while betwen 5 - 7000 , in march will probably bounce high

[Washball]

After the american authorities hearing on cryptocurrencies, which was not that negative, the price is getting nack to normal again. Even with the Facebook ban, the price will increase, now all the FUD is over. With this price many who have missed out, will be investing and we'll see the price go up.

[finthebar]

Yes. No. Maybe.

Up. Down. Sideways.

Anyone who says they know for sure is lying.

Wow you nailed it The market is definitely, maybe, probably, certainly going to do something.

In all honesty, where it goes in the short term I have no idea, I have given up trying to guess. I am a long term believer and I think that mid to long term this can only go one way, I think the co-ordinated effort by the banks to kill crypto (at least what they dont create) is ill advised, and will backfire in the long run, all we have to do is wait it out. Thats might not be be easy if you are depending on Bitcoin price rise in the short term, but if you can afford to wait you will do fine.

[Irvinn]

While it is difficult to say whether the price of bitcoin was about 6000 dollars a price bottom for him, or not. We do not know how bitcoin can react to the latest information from China about the prohibition of all websites connected with the sale of crypto currency and the prohibition of ICO. We must wait a few days and observe. I would like to hope that this is so and that bitcoin will begin to recover at the previous price and grow further. Watch as he constantly falls already tired.

[WalkinRobbie]

7500 and climbing.   bitcoin makes 1k swings look like $1 swings

[StochasticOrder]

BTC is not going to crash, but it's acceleration will likely be slower than what we saw at the end of last year. Bitcoin no longer has the "new and cool" factor, there are a lot of competitive altcoins coming out that are receiving attention. There's also the glaring technology gap between BTC and other cryptos, which may lead to ETH and other coins with better utility becoming the forefront of the next surge.

[Inn0vative1]

Yes. No. Maybe.

Up. Down. Sideways.

Anyone who says they know for sure is lying.

Absolutely. No one can effectively predict any market, let alone the Bitcoin market which is more volatile than most. However, my personal feeling is this might be a bit of what traders would call "A bull trap".
From investing.com: "A bull trap is a false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline."

The market will recover, but I don't think this is it yet. This is my personal opinion. Take with a grain of salt!

[sidebyside]

This is unpredictable .. bitcoin is increasingly unstable. You should think about its future value. and its future potential. Its current value is unstable. Bitcoin will soon stabilize you should think more in the future. Buying it now is the best investment for the future.

[Rana590]

In opinion i can say yes. In last few days price of Bitcoin is decreasing a lot of amount. We know that price increase after all the correction. In this time bitcoin is also on correction. Now it's time for increasing the price. Hope it will be continue.

[jazpreti]

We are not certain yet. Because bitcoin might drop big time again. It is a good news seeing that bitcoin price is going high at this moment but we hope it will continue to rise. Yes, sometimes bitcoin will go down but we hope that this time, it will up and up, down, up and up and up again, down, up and up and up and up. Let us all be positive ang get rich in bitcoin.

[zitbau]

I can not predict anything. In recent months the fluctuation of the bitcoin is too great. The recent development of bitcoin is opening up new beliefs for many in terms of good value for the future. Hopefully the bitcoin value will soon recover

[GeorgiyBilyk]

Today is a very good selling day! do not panic! if possible - buy for all money bitcoin! Such a price as today will never again be! You yourself know perfectly well what a correction is! Bitcoin after the Chinese new year will start to gain good growth in growth! Our task is to have time to buy!

[Zyborg]

Figure $6000 is not a standard price set for BTC.Yup today BTC hit this level it can also hit below this level.Currently there are different news regarding regulation in countries like Chine,US,UK,S Korea,different banks are not accepting credit cards  used for BTC trading,there are also FUD,due to these news its price is lagging behind,but this is also good for BTC.Despite all of these news BTC is not going down a certain price level $6000.This downward trend indicate that it will bounce back once again and will break all the records.Due to volatile nature anything can be expected,but if you analyze all the development phases of BTC,after dip there are always positivity,hope for the best and 2018 is considered to be more important for BTC.Lets see.

[olubams]

After three-months bearish, Bitcoin price recovered, Tuesday after a long uncertain day of trading. Price reversals at the 6000 USD level mark long wait for those heavy sellers at 19000 USD, but with the recent news about Facebook ban in all cryptocurrency related advertisements and banks ban on buying Bitcoins using Credit Cards, will this bullish trend continue? Your thoughts?

This is not close to price reversals and its not really something to be joyous about because a lot of people that have bought at an higher level are far beyond their target level and won't want to rejoice too soon while w lot of people who held forth are hoping that it will continue to show some increase. Although, this is something away from the down path being witnessed but its still very much far from the position price began to drop.

[Tamim121]

 I think this trend must be continued. Bitcoin price was decreasing a lot just last one week and it is started growing slowly. Price will be hit 20k again as soon as possible. This is great time to buy bitcoin and hold them. Hope that this trend continue and hit a huge amount.