BTC Are now in UP TREND! WHALES news!! on way to 7k+!

[sandor111]

That means the right thing to do is to buy now as there is a great probability that upward price movement is going to resume. One thing that keep on encouraging me is that bitcoin has a potential for grow and that is the most important.  If we are familiar with assets price movement we would agree that the bearish market is almost over.

What do you mean upward trend? Yesterday the price stabilized but this morning it fell to 6600 ish again. I'm hodling too, but I'm not gonna advise investing in this moment

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[timerland]

As i see now, we wil get a up trend (7K+ is possible) , until
Saturday late than the down trend will be start and Sunday can be the day with the lowst buy option. i exect sunday
evening we will get a new up trend again!

Nice weekend!


BREAKOUT COMING OVER THE LINE 6836 ( bitfinex rate)!!

Doesn't look like that right now.

The price is still below $6700 and testing the $6600 bottom that held up from the last dump.

If that bottom holds up again this time and support proves to be strong, then I think there is a possibility that we will go over $7000 by the end of the week. That's probably not going to be happening though, and even if it happens, it's going to be a temporary uptrend and not anything that will actually turn out to be the start of a bull market or long lasting.

I think we'll probably dip below $6500 per BTC, stay bearish for a few months and consolidate before the real recovery starts happening.

[ethereumhunter]

what is up with all these new accounts that keep saying things such as pump, uptrend, bull market, etc.?

Noobs in despair.

Checking at the market right now, btc is still under $7k level. People should not believe easily on any speculation you'd better to make an extra time to study the market. News coming from a newbie without any reference is consider as Hype/FUD news, let's all be fair here.

still, it need time to see the price reach $7k level and it is difficult to increase because, from the last week, the price is only up and down in under $7k. so maybe the next week the price will increase and we can hope it will reach $7k and more than $7k again. but we all in the weekend and everything could be happen so waiting for the price is good for us and we can decide what we want to do next.

[serjent05]

Well, seems the current floor for Bitcoin had been established, it goes up a bit but then back to where it was before.  I do hope that this prediction about uptrend is true and eventually rally and set a series of new ATH.  There will be another set of weak hand selling their stash when the price keep on crashing and probably panic selling will occur.

[TERA2]

Title is incorrect.  Chart must be upside down.

[imapessimist]

No indication of a rise as far as I can see.  Fact is Bitcoin went up to 20K and is now around 6.5.    That's not spreading fud.  That's fact.  But so is saying it has gone up a huge amount since the lowest price of the last 12 months.  That is fact too. 

[futureofeth]

That means the right thing to do is to buy now as there is a great probability that upward price movement is going to resume. One thing that keep on encouraging me is that bitcoin has a potential for grow and that is the most important.  If we are familiar with assets price movement we would agree that the bearish market is almost over.

What do you mean upward trend? Yesterday the price stabilized but this morning it fell to 6600 ish again. I'm hodling too, but I'm not gonna advise investing in this moment

Yesterday the price Bitcoin is more than $7k but today it is incompletely negative mode and i will suggest people buy it at this position because once it starts increasing maybe it will reach more than 8000$.

[magneto]

As i see now, we wil get a up trend (7K+ is possible) , until
Saturday late than the down trend will be start and Sunday can be the day with the lowst buy option. i exect sunday
evening we will get a new up trend again!

Nice weekend!


BREAKOUT COMING OVER THE LINE 6836 ( bitfinex rate)!!

Prices are staying put for the moment. I don't think we'll see huge swings in price.

Even if prices do go over $7000 I don't even think that should be classified as a pump. It's a rebound from the support of $6500. But right now, I don't see that happening since it's been around 2 consecutive days now with bitcoin staying under $7000 with the sentiment being bearish. Chances are quite low.

But with the amount of shorters in the market at the moment, if we do have a sudden breakout in price to at least $8000 then there should be a pretty big short squeeze causing prices to go up even further. But both $7000 and $8000 resistance levels have proved to be quite strong at this time, so it's unlikely that this would happen within this week or even the month.