Are Bitcoins silently preparing for a big jump ????

[micher143]

Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?

Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.

Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.

The chart above shows the narrow price range (triangle) during the past week.

The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.

The support threshold is found at $ 6,570, while resistance is at $ 7,080.

The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.

Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th ​​and open the slide to $ 6,150.

However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.

On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.

The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000

On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.

As of now we are currently seen that the market is in green and I'm sure everyone are happy for that matter. But one thing that I'm thinking and it's how long does the market goes like that because there's a fact that it's only moving just a little and it make the sense that it can't be really the beginning of it's full recovery and maybe it's fluctuation is in the normal range. It is so difficult to know what exactly will be happen so for now I'm just sitting in the side and still keep my eyes in the market and evaluate again what will be the possible next to happen.

[Yaunfitda]

Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?

Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.

Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.

The chart above shows the narrow price range (triangle) during the past week.

The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.

The support threshold is found at $ 6,570, while resistance is at $ 7,080.

The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.

Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th ​​and open the slide to $ 6,150.

However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.

On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.

The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000

On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.

As of now we are currently seen that the market is in green and I'm sure everyone are happy for that matter. But one thing that I'm thinking and it's how long does the market goes like that because there's a fact that it's only moving just a little and it make the sense that it can't be really the beginning of it's full recovery and maybe it's fluctuation is in the normal range. It is so difficult to know what exactly will be happen so for now I'm just sitting in the side and still keep my eyes in the market and evaluate again what will be the possible next to happen.

I'm 100% agree with you here. Yes, we are very happy how things were for the better today, but I will still be cautious. Do you have any speculation as to why the sudden pump? I'm still at lost up to know that's why I said 'pump'. Maybe someone from behind is during this that's why I still not totally sold on the price immediately jumping to $1K in a day.

So that also begs me question if this is natural of just artificial pump, Or can be sustain this growth and can call it a recovery phase? Let's see how it goes, would be very happy to see it this is sustainable growth because we have seen too much bears already, its time that the bull take charge of the market again.

[makishart]

If this analysis is correct then it will occur at high prices spike bitcoin. But if you look at the condition of what happens at this time it looks like the increase does exist but will be gradual.

How you can define that? It looks like the analysis is a bit correct about to predict where the candle of bitcoin will be going on. But in fact you can see that again bitcoin prepares for big gain at the end of this year. Remember last year bitcoin was starting from the middle of year until the last year and it's always bullish.

[boy130]

Looks like you were right, however it wasn't silent, all indicators were that we were close to the bottom of the bear period. Now that we have broken the $7,500 support level it would take quite some bad news to put us back under it. Odds are we will start a small bull streak until we reach the next resistance point in the mid $9,000 range.

[batang_bitcoin]

Looks like you were right, however it wasn't silent

I concur with his analysis but let's be specific what does silently means. When bitcoin is starting to prepare something big, there's always a noise for it.

[hdtqisg]

I don’t know! But i think! Bitcoin and altcoin still grow up in next times!
I hope so! Because bitcoin and altcoin is the best way for internet money!

[GayOfThrones]

It looks like you've made a point, just after your post Bitcoin has taken off, LoL. However, it still remains to understand if it is a bulltrap or not.

[hoangvuthach]

Your analysis was posted on April 12 at 10AM UTC. Isn't that just past the time that the market surged?

Did you suddenly see the surge and decide to post your TA so that it looks like you predicted it? If this was at least a day in advance i would have worshipped you. But it seems like you are trying to hard on this..

Your analysis was posted on April 12 at 10AM UTC. Isn't that just past the time that the market surged?

it posted at btc 6830 $. before the market rises.

worshipped you. But it seems like you are trying to hard on this..

No, I spent a few days analyzing, I wanted to share for everyone to make money.
As you can see, the BTC was at $ 8k1

[Makkara]

Well the uptrend is not yet stable, bitcoin is still floating around 8k. Next weeks or month peraphs something will happen.

[mobilezz]

The main thing is that this jump does not become fatal or a jump into the past with a price of 5k per coin. Bitcoin will not be at the level of last year, there's no need to guess. We all saw what his price was during the crisis and how much he descended and after that everyone believes that he will grow to 12-15k.

[dvlgwarv]

If you saw your analysis the day before yesterday, it would be very good. The prediction is too accurate. It looks like the market has begun to become green.

[gabum19]

This a big sign for all of us. One of this days Bitcoin will gonna be back and recovered. As i can see the news lately the prediction is real and i hope will be grow more and more even if its unpredictable lets hope for the best of it.

[styca]

We have seen a lot of resistance to drops past about $260 billion for the whole market. As soon as the consensus is that prices won't drop below that point, we will have established a new base in preparation for rises ahead. The signs at the moment are encouraging, but really it is still too early to say for sure.

[Yudhis23]

probably like the volcanic effect, he keeps a lot of pressure under him for a big explosion in the future. but that needs to be remembered here, after an explosion in price is so high, will certainly impact the price will also stop, all price movements stalled due to market factors. all things can be sustainable and can not be separated from the price movements of a currency.
what you need to watch out for here is, preparing if someday, bitcoin prices will stop at a certain point, what will be done? I think, bitcoin prices will not soar later, because I see a lot of people are turning to ethereum for his investment.