Bitcoins' pullback is over!

[BTCLovingDude]

We could be facing another pullback at the moment. Hopefully the support will hold.

unfortunately that is not something that you could predict at this point. everything pointed towards end of the "pullback" and start of a nice solid rise but out of nowhere price started dropping again. it may continue like this through the weekend and reverse upwards on Monday.
probably some whales trying to test the bottom and buy some more cheap coins before the shoot up.

[dinoloverpete]

Are we going back  again to 6000$?  I was so happy lastweek when bitcoin made a bullish trend ,and yet here we go again ,going back to the critical line. Hope it wont go down below $10k.

Price falls faster than the increase for the last week. This may be the sign of the downward trend is not over yet. It is quite possible that the price will fall below 10k $.

If we go to 6k we will also go below it but I don't think the price will fall below 9k. Just like a few days of resistance lead to a fall of 15-20%, a few days of support can lead to an increase and turn in expectations and outlook.

[wuvdoll]

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

Best time to invest is if you bought the dip... Though right now is still a decent time to bet on BTC going up long term.

I really do think that markets have matured enough, and that we're probably never going to see BTC under $5k again any time soon.

The pullback was really expected, but the dump got the weak hands going absolutely bananas. People posting about why BTC will go down to $20, even. That kind of thing happens when BTC is crashing, but never happens when BTC is rising up.

Don't trade with your emotions, because after a dump will always be a pullback, and that is now.

Newbies let their emotions to take control of their trades, when bitcoin is doing well we see threads stating huge prices for bitcoin from several hundreds of thousands of dollars to millions to speculation about bitcoin replacing all fiat but when things go wrong then we get threads like bitcoin is dead and it is crashing to zero this show to us one of the reasons of why the price is so unstable.

And those are some of the things the whales see in the market that makes it possible for them to gain even more from the market. Emotions are always written on the chart most times, and then they capitalize on it and they use it to get a huge benefit since they all have strong holdings in the market with news to make the weak hands consider if they are really making the wrong decisions or not until they panic and sell. The market is looking good to me still now with some strength. The sell pressure is not that huge, but it is just patience that we all need.

[Kemarit]

Are we going back  again to 6000$?  I was so happy lastweek when bitcoin made a bullish trend ,and yet here we go again ,going back to the critical line. Hope it wont go down below $10k.

Well the critical support at $10,000 was broken, however, it didn't last that long and we are back just above $10,000. Of course everyone though that last week was a start of something big, but sadly it wasn't sustainable so we are back to square one again.

Are we going back  again to 6000$?  I was so happy lastweek when bitcoin made a bullish trend ,and yet here we go again ,going back to the critical line. Hope it wont go down below $10k.

Price falls faster than the increase for the last week. This may be the sign of the downward trend is not over yet. It is quite possible that the price will fall below 10k $.

If we go to 6k we will also go below it but I don't think the price will fall below 9k. Just like a few days of resistance lead to a fall of 15-20%, a few days of support can lead to an increase and turn in expectations and outlook.

IF we fall below $6,000 then another golden opportunity to get it while its cheap and you can double your money in about 2 weeks time. I really don't understand why people panic during dip, there's also a brighter side during a downtrend. Let's see how it goes, another bulls vs bears in the next coming weeks and hope that the bulls will be on top again.

[Hazir]

I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

[Stedsm]

I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.

I've never asked everyone to put in the exact number, that was just an example of how much an average person could invest without thinking too much. Putting everything into Bitcoin alone will also be stupid when there are a lot of options available in the type of altcoins and tokens - those that are promising and can give good returns should be invested into through the use of Bitcoins. Because even if Bitcoin falls, alts will rise at some point which will give boost to our profits - that's where your said action will give the best reaction (quoted below):

Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

[SaShiRaJaVu]

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. 

[dinoloverpete]

If we go to 6k we will also go below it but I don't think the price will fall below 9k. Just like a few days of resistance lead to a fall of 15-20%, a few days of support can lead to an increase and turn in expectations and outlook.

IF we fall below $6,000 then another golden opportunity to get it while its cheap and you can double your money in about 2 weeks time. I really don't understand why people panic during dip, there's also a brighter side during a downtrend. Let's see how it goes, another bulls vs bears in the next coming weeks and hope that the bulls will be on top again.
[/quote]

I think if we dip to 6k and below that would be a sure sign that the bears are winning and will continue to do so for some time. I don't think we will reach that price and I do think that longer term the price will recover but I don't think if we hit 6k it will rebound as sharply as it did just recently.

[pixie85]

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. 

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

[dinoloverpete]

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. 

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

We're in a period without hype and right now any new investors will mostly be people who are interested in Bitcoin and its potential instead of people just looking to quickly get rich. The flood of money in December was not from smart investors it was from people who thought BTC could rise indefinitely. That was also a large reason why the fees were so high, now we don't have that hype and segwit is being adopted the fees are so much more manageable.

[STT]

We could be facing another pullback at the moment. Hopefully the support will hold.

unfortunately that is not something that you could predict at this point. everything pointed towards end of the "pullback" and start of a nice solid rise but out of nowhere price started dropping again. it may continue like this through the weekend and reverse upwards on Monday.
probably some whales trying to test the bottom and buy some more cheap coins before the shoot up.

Theres a rising number of speculators shorting the price apparently.   Doesnt mean we go down but theres open apprehension out there and people wanting to profit from a pullback.   Obviously we have bulls also expecting to go from 10,000 to 20,000 once more which is feasible also.  

[jostorres]

Those noobs can be easily swayed by FUD specially those who bought at the top price during the December frenzy. They panic when everything evaporated just like that then comes the FUD schills and doomsayers which added fuel to the fire. That's why they are the victims here, potential profits is gone because they are too emotional. Then they join the doomsayer that bitcoin is dying or bitcoin will go to 0. Well, you can't blame them. They went to the market with the hope that its a get rich scheme which they learn in the hard way that its not.

That's why they are called noobs in the first place but yes we can't blame them.

Thinking bitcoin price will just stay upwards, these noobsstick to that kind of mindset without realizing that a crash or dip might happened on the way. But honestly, it was a good experienced for them to be swayed by FUD and then regret follows as in here they will realized that bitcoin price crash is not the type of scenario where they will just easily pullout their assets.

With that kind of experienced, these noobs will improved their thinking that a crash is part of the system and if they planned to hold for long term then they can conclude that they must disregard any forms of movement on the price because all they need to do is to HODL.

That mentality of believing the market will just keep up testing new heights all the time really makes me laugh a lot and then when they buy into FOMO, they end up considering bitcoin dead or scared of whatever comes out from the media. Anyone who is not ignorant or has done some research before even investing will not even bother about any of that sort of news, but they never did.

Like you have said, over time, they will end up learning from experience and improving, which is where the market strength comes from anyway.

[nightways]

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

$500 is really a big deal right now for anyone who can really look into the future to realize the extent to what they are holding is going to end up. If anyone had gotten $500 worth of bitcoin in 2010, I do not even want to imagine what it would be like right now. Well, it is all about time, and everyone have their time, so it is best to wait for it. We should see bitcoin testing new highs pretty soon once we get past all the resistance ahead of us.

[teilwalL05]

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

$500 is really a big deal right now for anyone who can really look into the future to realize the extent to what they are holding is going to end up. If anyone had gotten $500 worth of bitcoin in 2010, I do not even want to imagine what it would be like right now. Well, it is all about time, and everyone have their time, so it is best to wait for it. We should see bitcoin testing new highs pretty soon once we get past all the resistance ahead of us.

Nobody can know the future it is just a speculative prediction on what's gonna happen with the price or the movement of bitcoin I really think that we had an historical charts that many analysis are looking at to have a prediction for the upcoming value of a current coin, And if a newly ICO or tokens will be produced it will base on the accessibility of the token or coin or the kind of services it provides the people,

Well bitcoin I think are recovering from the recent downfall and we are really going through a lot of resistance right now but bitcoin will continue in pumping no matter what.

[arpon11]

After the craziest and the most desirous wave that took place when the value went above $20k, we experienced the most awaited and whacking collapse watching it drowning under $7k. It was worst, but had a hope that nothing could go nuts and that we'll see those days when it'll start gaining back once again after fighting the denials of Governments. I believe now is the time. It has gained back more than 50% in a few days and I'm hearing that it'll be more than $25k till mid July.
I think it's the best time to invest in Bitcoins (if you see it as a safe-haven asset and are interested in much better gains than keeping your money in banks). I won't ask you to put too much, but for an average person - I believe that $500 shouldn't be a big deal to invest as the risk-to-reward ratio here will be much higher compared to other assets available.

I think also that the bearish trend is over and the range trend will also be soon over immediately the market cross the last week high. I am optimistic that bitcoin is going to be above it December 2017 high before July and I encourage the people around me to invest in bitcoin now that is very cheap to buy.  I also Think  in middle of July we should expect bitcoin to go as higher as $25,000 and $30,000 as speculated and I will be one of the biggest beneficiary.

[Inkdatar]

If we go to 6k we will also go below it but I don't think the price will fall below 9k. Just like a few days of resistance lead to a fall of 15-20%, a few days of support can lead to an increase and turn in expectations and outlook.

IF we fall below $6,000 then another golden opportunity to get it while its cheap and you can double your money in about 2 weeks time. I really don't understand why people panic during dip, there's also a brighter side during a downtrend. Let's see how it goes, another bulls vs bears in the next coming weeks and hope that the bulls will be on top again.

I think if we dip to 6k and below that would be a sure sign that the bears are winning and will continue to do so for some time. I don't think we will reach that price and I do think that longer term the price will recover but I don't think if we hit 6k it will rebound as sharply as it did just recently.
[/quote]
This time bitcoin is having strong support and I dont think it would go below $6k. Maybe those people who are really in panic are noobs and didnt know the history of bitcoin. As the current price is seems recovering since price is unstable we dont know yet if this time we are in bullish trend or just a bull trap.

[Dodoymabs]

Instead of using flat numbers like $500 etc. it would be much better if everyone invests a percentage of their income/savings.
Personally, I would without hesitation suggest putting 5%-20% of your fiat money into Bitcoin - you can't go wrong with that amount.
Even if something will go wrong - your investment is still diversified enough - so it won't be a total failure.

I used to invest some money into bitcoin every month and i used to have a good time gambling too,but once the price of bitcoin crossed $2k ,it is really a hard task on my part to use it as an investment,because the transaction charges were the biggest hurdle earlier,but things are coming back to normal and i do expect the price of bitcoin to recover,but there are other coins which gives you a higher return and i will convert that back to bitcoin in the long term. 

You shouldn't be worried with the transaction cost. It's really low. You can send 1 million USD worth of Bitcoins and pay a fee of only 1 USD. Bitcoin is really cheap to send, fast and secure, just like in the old days.
I think that we're in a period of stabilization while investors are deciding if it's a good moment to go in. We are going up in the following months, there's no other way!

We're in a period without hype and right now any new investors will mostly be people who are interested in Bitcoin and its potential instead of people just looking to quickly get rich. The flood of money in December was not from smart investors it was from people who thought BTC could rise indefinitely. That was also a large reason why the fees were so high, now we don't have that hype and segwit is being adopted the fees are so much more manageable.

Well, we should not be worried by now because we see that bitcoin is starting to rise again. Also, I think what you are talking about segwit will help the btc transaction time reduced. So, we should continue to support bitcoin so that we will be harvesting huge amount of profit by investing it in long term.

[futile-resistance]

The dip is actually over when bitcoin recover above  $10,250 trading area. We should expect a bullrun or bullish trends that will push bitcoin above $18,000 from next month. If you are a long-term investors now provides the best opportunities for you to buy bitcoins and others coins. I think this year will be better than last year and we would have a fruitful 2018.

The dip was never over with that, we were still in a downtrend channel at that point and even after hitting the top of the channel we ended up having a pull back.

However, all these are just some normal moves in the market to sway up and down, and those who know how to use it to their advantage do so, but what is the point panicking as a result of that when holding for long which is what surprises me about noobs. Also, if we can break out from this trend, then we should be fine for next bull run.

[bhnetwork]

It will oscillate around this level for a bit before slowly creeping up again....(you heard it first here)

[STT]

https://i.imgur.com/9ppvmml.png

This is the simplest chart I can post I think, it shows confirmation of an old standing uptrend.   First we cross with a large bar showing strength to pass the trend as a ceiling.    Then even more positive it manages to confirm the trend as support several times, with buying occuring at the trend line and rising back up.

Now we have risen much further away from that support, it would seem a decent move with some confidence of continuing.   The old pullback move from ATH ended around Feb 14th and since then we've been looking to confirm as per the OP   

  I think its fair the charts concur, pullback is over and some positive trend is overway not just dead cat bounce as is most famous