Bitcoin back to 8k$!! Is this recovery or a trap?

[Dreamchaser21]

First of all, we must keep in mind that the year 2017 was a very exceptional year compared to the performance that the price of bitcoin had in most of the previous years since its inception.

Therefore, we should not assume that the general rule is that after a period of great correction the price should again be triggered to historical levels each week, multiplying its value x10 by the end of the year.

I have no doubt that we are in a market that tends increasingly to consolidation, so it is possible that throughout the year we see consistent drops and increases as any ordinary market presents normally.

People must look in this market long term because bitcoin can’t go back to $20k level easily but it will happen this year. Btc survive the big dump and I think it will start now to go up again but yeah, expect more dump this year.

[hosseinimr93]

I hope its a recovery.

We had several traps that I even lost count.

Yes it should not be a trap because if it turns out to be the trap then it will become very difficult for us to believe in bitcoin as people will think it is very easy to manipulate the bitcoin market.

I don't think whales that try to manipulate the prices think about people's beliefs. They think about their profit. Every thing is possible. The price rise might continue and I think it will continue. But there is no guarantee.

[harizen]

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

You will not see a sign just for 24h monitoring and never you will because even how professional technical analysis is, it will be spoiled once an urgent trend happened. But on the other hand, you can take the current trend as good sign to make things positive at your own view.

Is this temporary or not? Who knows. At least the recent pump spoiled those bitcoin fudster believers about no such thing as pump will happened again.

As usual in any other trend, take advantage of it so regret will not always at our side.

[magneto]

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

I don't think that you can say that this is a bull trap, because I don't think that this uptrend will end for at least a couple of weeks. However, I don't think that we have reached the bottom of this bear market yet, which means that there is a probability that after this uptrend is over, we will see some dumps which take bitcoin under the previous support level of $6.5k, potentially.

If we're looking at a week, or two weeks, the uptrend will probably take bitcoin to around $9-10k before any adjustments in my opinion.

But after this bull run is over, as I said, the chances are we will continue dipping until possibly $4-5k, and in Q3 of 2018 we will see bitcoin's actual recovery, and we can then consider BTC to be fully out of the bear market.

[ladyinredcoins2018]

Personally, I am hoping that Bitcoin is already on its way into good recovery since we are now in the 2nd Quarter of 2018 and Bitcoin hodlers are already getting tired waiting for the silver lining to come into their weary hearts and minds. Frankly speaking, nobody can truly predict if this is already the recovery we are waiting for or just another bad trap. I am just hoping that profit-taking will not be voluminous this time that can possibly push the value down again.

Many are saying negative against bitcoin but still even with this good price increase many nay sayers are discrediting bitcoin and that this is just a hype to make people get excited but actually bitcoin is dying and so on and so fort. Either this is a hype or a real positive direction for bitcoin i am still very happy with this movement. And I am hoping that this price will continue to surge up high.

[northcoin2018]

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

For me this is the rise that all investors has been waiting for!  I hope this price will continue to surge up and we all recover from deep shit..forcmany months we have been patiently waiting and this is a very good sign im pretty impress and happy!  A toss to all!

[nahnah]

I think the market has made a correction and it's time for the bitcoin to return to its proper price, and to be excellent at crypto,
And also restore confidence to investors who yesterday had many anxious with the movement of bitcoin

[paul gatt]

I think it's a bitcoin recovery. As far as my prediction of bitcoin is concerned it is slowly recovering. I will continue to invest in it to achieve this goal in 2018. I will be successful with bitcoin. I will buy a house when bitcoin gives me a large amount of money.

[Fuhre]

I thought after the bullish run that happened yesterday bitcoin will go down again ,but I was wrong bitcoin rises higher. I think we're heading at 10,000 again.

yesterday also I think the same with you, that bitcoin prices will fall again, but that opinion is all wrong, it looks like this bullish will continue until we break the price at $ 10,000 and to prepare for the next level. the price will continue to increase until the end of the year, given the many people who enter into the world of crypto and still trust bitcoin so the price is quite fast enough to increase. hopefully this all continues.

[vickybitcoin]

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

Im very happy with this pricei ncrease a lot of people has been waiting for this momentum. And I hope it will be the beginning of more price increases. Many were saying that the price will go down deep but on the contrary it surge in blink of an eye!

[Kemarit]

I thought after the bullish run that happened yesterday bitcoin will go down again ,but I was wrong bitcoin rises higher. I think we're heading at 10,000 again.

yesterday also I think the same with you, that bitcoin prices will fall again, but that opinion is all wrong, it looks like this bullish will continue until we break the price at $ 10,000 and to prepare for the next level. the price will continue to increase until the end of the year, given the many people who enter into the world of crypto and still trust bitcoin so the price is quite fast enough to increase. hopefully this all continues.

LOL. You mean to say that we are going to see a pump from $8000-$10000? Yeah, its good to see the price climbing to $8000 levels but I doubt that we will continue to march towards $10000 as of yet.

I think the market has made a correction and it's time for the bitcoin to return to its proper price, and to be excellent at crypto,
And also restore confidence to investors who yesterday had many anxious with the movement of bitcoin

Correction, market crashes, call it whatever you want. But one things for sure, bitcoin will recover from all this down trend. Investors are really waiting, but once their confidence its back and renewed their interest on it, I'm sure that the bearish trend will stop. But the questions is that are investors willing to pour cash again? Right now the price keeps fluctuating from $8000-$8200, we may need another fresh blood to pump again the market, but it's gonna be a long and waiting game again.

[Jambolb2]

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

For me this is the rise that all investors has been waiting for!  I hope this price will continue to surge up and we all recover from deep shit..forcmany months we have been patiently waiting and this is a very good sign im pretty impress and happy!  A toss to all!

This kind of volatility I think is not good for bitcoin investors because there are a huge amount of small investors and they afraid to invest their money in such a currency which price increase or decrease thousands of dollars in minutes. I like Ethereum in this regard because the price is growing slowly with the passage of time, which is good for new investors.

[daarul50]

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

[A1exander]

That's a good question to which, I think, nobody can answer. Personally, I am not convinced that it is not another bulltrap. I have to see a steady rise to $13k to convince me.

[Theb]

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

What they want is a confirmation of the trend. A lot of people got shocked on how Bitcoin moves up away from the 6,600$ level when its reached at least 8,000$ in just less than 30 minutes or so. Instead of people rejoicing on its price rally some of them got worried that this might be the last pump of BTC before it goes down below 6,500$. People don't care about the current fluctuations now as they are aiming for that "sure" buy and sell moment. Right now they are worried that this price rally is some kind of bull trap which I think it is because the price is going up although the volume is going down signifying that BTC is still bearish.

But then when you look at its hourly chart it keeps forming "bull flag" and "triangles" which signifies that Bitcoin is trying to break out. So to keep it short BTC is giving as mix signals which will give our analysis inconclusive on what will happen next.

[iqlimasyadiqa]

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

I think this is a very normal thing to happen, this is not a trap because Bitcoin's price does move positively. Maybe it's a bit weird because it's been a few weeks now that Bitcoin's price is stability so when the price goes up everyone speculates that this is a trap. Whereas in fact this is a wave I could have changed at any time. Bitcoin price fluctuations are indeed the hallmarks that will always happen.

[adam1230]

Its totally a bull trap for me. Bitcoin price will go under 6000 usd in a week and i will buy from the best price around 4500usd.
They did it several times and this time we are going to find the bottom.

[shone08]

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

I think this is a very normal thing to happen, this is not a trap because Bitcoin's price does move positively. Maybe it's a bit weird because it's been a few weeks now that Bitcoin's price is stability so when the price goes up everyone speculates that this is a trap. Whereas in fact this is a wave I could have changed at any time. Bitcoin price fluctuations are indeed the hallmarks that will always happen.

Well I agree to you the first quarter of the month are full of negative news that give impact to bitcoin price this pump up happen are good sign that bitcoin are start recovering if you notice this recent week bitcoin are stable from the range of $8000 - $8100.
Hopefully in the next week or month the barrier will broke and climb in the range of $9k to $10k.

[newcollegestar]

Personally, I am hoping that Bitcoin is already on its way into good recovery since we are now in the 2nd Quarter of 2018 and Bitcoin hodlers are already getting tired waiting for the silver lining to come into their weary hearts and minds. Frankly speaking, nobody can truly predict if this is already the recovery we are waiting for or just another bad trap. I am just hoping that profit-taking will not be voluminous this time that can possibly push the value down again.

Many are saying negative against bitcoin but still even with this good price increase many nay sayers are discrediting bitcoin and that this is just a hype to make people get excited but actually bitcoin is dying and so on and so fort. Either this is a hype or a real positive direction for bitcoin i am still very happy with this movement. And I am hoping that this price will continue to surge up high.

I am sure it is recovery not a trap, because we all know that the price of bitcoin is very volatile and it can change anytime even in minutes. 8k is also not a very good price a few months ago it reached to 19k. If the price is growing with time it is good sign but we will be happy when it cross 20k because we have already saw 19k. For that we will have to wait and should be patient.

[dobladi]

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

I am hoping that this would be a start. Still, I am expecting for sudden dips to happen becase it is already given that Bitcoin is naturally volatile. But if this increase would be continuous, Bitcoin would be able to fully recover from the continuous backdrops from the start of this year. As such,investing is really advidable right now to earn proft as the price increases.