bitcoin is slowly rising again

[raven7886]

Trend reversal is totally different from a bull run which I am sure that is the only thing a lot of people are waiting for, but on a normal day, if something does not warrant a huge rally, anything outside it will obviously not make any sense. It is always better to be patient, this is a volatile market, little things can cause a spark, but we have to just wait for it. Hopefully bitcoin jumped back into raising track again and we can expect this to sustain for longer periods so that we may enjoy breaking of new ATHs again and again in coming days.

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[1713501464]

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[faatipoke]

Bitcoin increased from 5900 dollars up to more than 10k dollars, by around 75% in a couple of days. This increase is really huge. People may still think about the all time hight at 20k however this recent increase shows us how strong bitcoin still is. We may expect a retracement now but I think we are still in the bull trend which will take us over 50k this year.

[el kaka22]

let it be bitcoin slow rising, precisely I hope the price rise not too fast as last December, but I hope the price will never drop below $ 5000, I think the ideal price this year is $ 10k- $ 15k, then the year 2019 range at $25k-35k.

Those are the minimum target kept by the people for the rest two years but many people predicting Bitcoin price will reach to more than $25k by the end of the year only.

None of us can actually predict anything. Not now, not ever. The market can give us some moves, we will always end up seeing it, but knowing the exact value we will get to see bitcoin is impossible. I will be happy to see $25k this year and even if I do not, I really would not bother myself much about it as that would just give us the chance to have some good position before we do it one day anyway.

Market makers are buying back..if only you can mark market Maker moves!

You can if you are smart. But that would involve you learning some trading moves and how to use the charts to your advantage. Market makers are still being careful at the moment to see where things end up, so they are still ready to make any quick move. However, for those who may want to enter a long position, now may not even be the time for them as they will even want a safer entry and now isn't.

[fasdorcas]

With bitcoin rising again, will it take long for it to be stable again?

What do you mean by stable? The pricing has been steadily on the green side now and evetually it will be over 10000 usd mark and from then expect some FUDs and noises that wants to bring bitcoin low again. The price will normalize by end of Feb or early March.

It definitely will take some time, except we get to see some news or development on bitcoin that can stir up a huge rally to the uptrend. So far, it would be a good thing to know that we are seeing some greens after some days and truly, there is no one that can actually know where we are going to be headed from here, but I believe that at the end of it all, the market will recover, break all resistance and start a new trend up.

[STT]

Trend reversal is totally different from a bull run which I am sure that is the only thing a lot of people are waiting for, but on a normal day, if something does not warrant a huge rally, anything outside it will obviously not make any sense. It is always better to be patient, this is a volatile market, little things can cause a spark, but we have to just wait for it. Hopefully bitcoin jumped back into raising track again and we can expect this to sustain for longer periods so that we may enjoy breaking of new ATHs again and again in coming days.

The trend was decline from ATH and that has reversed with a break of that trend.    That alone is bullish on a similar time frame to the original price pullback.    Now the market constructs action to further a bullish trend while navigating potential sellers from prices overhead.   It should normally take longer to rise then it did to fall, so I would double or triple the ATH to bottom time frame when considering recovery.

Heres my take on trend short term


https://i.imgur.com/R12bCeB.png

[eann014]

With bitcoin rising again, will it take long for it to be stable again?

yes you are correct bitcoin price back to the price recovery period and i am sure it will take time to reach the price at around $ 20k again.

For sure many of us are waiting for that moment again and I agree that it will takes time before bitcoin will achieve that again because as far as I know, some of us already turn their back to bitcoin and go to some altcoins already but I am not turning my back to bitcoin as this coins really helps me a lot when the times that I really need it I will still hold all my bitcoin that I have right now. (Even if I don't have 1 btc  ) LOL.

[katrimans]

We are seeing it but it takes time to raise again and don't believe the FUDs released by press and media. Always believe in technology.

I agree, press are not always right. They just also predict that they think bitcoin will happen but not all they say are true so don't believe with their speculation. I just believe with my instinct now. Those who told me before that bitcoin will rise up to $30k last January, you are all wrong!!! All your prediction are not true.

Apparently, he is referring to stability considering that he could have started with bitcoin when the whole bull rally started and he felt the market will always be like that and then he considered a move from $6000 to $9000 stable. That is some huge profit in the market and I wonder why anyone would ever consider that as a stable price unless he is expecting the price to move back to $20000 overnight.