Bearish again? (Back at $5500)

[bitcoinerjawa]

yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.

[1713904033]

1713904033

[websoftwareengineer]

yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.

Even though the market price of bitcoins will reach $5k dollars, it will still grow even more in the future due to the volatility of the market so keep on holding your coins today.

[aoluain]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

While i understand what you are saying i dont agree with the language used.
"always been clamped within $5500-6000" is factually i correct. Bitcoin has
come from $1, $10, $100, $1000 and beyond. What we are going through is
just a phase. A phase which frustrates a lot of people but patience is the only
solace in these times.

[cellard]

It just popped back to $6100+ with a nice green candle just like clockwork. Whales will simply put not let it go below $6000. We are witnessing a war between whales and Wall Street, which want to crush the price so TPTB can buy a fuckton of Bitcoin at super cheap prices below the mining cost of the allegedly $6000 range, which is why whales don't want to see it below $6000.

It's a matter of time either sides losses patience or too much money, but the longer it stays above $6k, the higher the risk for these holding 0 BTC waiting on the sidelines for a perfect bottom to enter the market. Remember that we went from $3k to $20k in 3 months. The next bull run will dwarf the previous one.

[o_freeman]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

"always been clamped within $5500-6000"? When? It dipped and touched 5800 today, but that's it. In June it briefly floated between these two lines for a day or two. And in Jan we saw a quick kiss of 5900.

Exaggerating about the price doesn't help with trading psychology. If you really need to follow it that closely, be precise. It will probably be more beneficial for you not to follow it like that though, because you need to think more about your long term goals. If you want to do some scalping and short term trading, maybe forex might be better. 

[Reatim]

yes you are right for now it seems that the condition of the bitcoin price will be back bearish and will touch the most basic price may touch the price of $5000.

What do you mean? We have been bearish since day one of 2018 and I don't know if you see some bullishness in the market. What you witness is just a bounce and now look at where the price is. $6K is a big psychological resistance and I don't think it can be breached that easy. Still holding as of the moment, but just be cautious, might be another bull trap though.

[Soots]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Sure we will see price go back up to 20k or even higher. The real question is "when?". Unless someone invents something as innovative as bitcoin once was...  In this case we, the bitcoin hodlers, are screwed 

We, the bitcoin holders are not screwed. We just need to have a bit of patience. The price will rise again, we’ll have more epic bull runs as the years pass. We just can’t control when, it’s not a short term investment, if you’re after quick profits then bitcoin is not for you.

Indeed, this must be the ultimate test of every bitcoin fanatics. Patience wasn't just that of quick turns of scenario, but for now it dominated us in terms of asset assurance. That's why most of us really had a worst nosebleeds, particular on analyzing the current situations that had happened. Long term trades is recommended for this moment, for us to earn and acquire huge profit gains.

[Vness10]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Even we are on the bearish market I know that we will surpassed this kind of situation. I think bitcoin will not go under 5k it will be bounce again in a higher price again just believe and don't lose hope. The best we can do is buy more as long the price is cheap.

[blockman]

It's trending whenever the price of bitcoin declines, too many questions like these. And if the price skyrockets, too many expectations are increasing.

Will we ever see pricing skyrocketing again?

Yes.

[stiffbud]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

There are many reports coming that claims the bitcoin price will go down to $5k so I expect the same also as the ETF is also being postponed and it's said that it would not be accepted for more than 2 more months. So there isn't any chance of the bitcoin price increase but we can expect the price decrease as the Miners also need money to mine bitcoin for paying electricity bills so they could have to take a hit in selling the coins at a low price.

[supermine]

Remember that we went from $3k to $20k in 3 months. The next bull run will dwarf the previous one.

Yes,we need to remember that as well then we may have confidence to hold our bitcoins and if bull run starts this time we may see huge price spikes when compared to 2017's price growth so guys this is the time to buy the bitcoin we are at the verge of bull run now.

[Flor1982]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Until this year would not end then i'm very optimistic that Bitcoin will be in All Time High again. I believed that this constant price decreasing is manipulated so that the big whales could start to pump Bitcoin price again at a lower price so that they could gain enough if they will buy it low and sell it high again once the Bitcoin will reach the ATH again by this year.

[sunanbonang]

why do many complain when the price of bitcoin goes down? is a natural thing when the price of bitcoin rises and falls suddenly. compare bitcoin prices at the beginning of 2017 not by the end of 2017.

[ruthbabe]

Well, after a catastrophic day in the markets, it seems the downtrend has finally come to its end today. Maybe this is short-lived, as many do believe the decline hasn’t come to an end just yet, either way though, let’s relish in the fact that as it stands, crypto is no longer falling. And at the time of writing, the Top 100 Cryptocurrencies in coinmarketcap.com led by Bitcoin is all color green with the exception of Tether, MOAC, Dentacoin, Aurora, and TrueUSD. Bitcoin is valued at $6,399.40, up by 5.54%. Let's watch Bitcoin these coming days, it looks very promising overall.

[gabmen]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

Until this year would not end then i'm very optimistic that Bitcoin will be in All Time High again. I believed that this constant price decreasing is manipulated so that the big whales could start to pump Bitcoin price again at a lower price so that they could gain enough if they will buy it low and sell it high again once the Bitcoin will reach the ATH again by this year.

Well the manipulation is there but the current holders i think are long time btc users and they're fully aware of what's happening. That's why panic selling won't be as rampant as a couple of months ago and a drastic decline below this year's all time low would also be unlikely.

[BrewMaster]

I just checked the preev price, and it's at roughly $6000.  Did it actually get to $5500 while I was asleep?  OP was written just under 12 hours ago. 

OP is one of those who opened a short position hoping for a big profit.
basically the lowest price was about $5960 when he started this topic and the lowest that was reached were like this:
Bitstamp: $5880.0
Bitfinex: $5876.5
Coinbase: $5902.8
the hourly charts look funny now:

[cellard]

I just checked the preev price, and it's at roughly $6000.  Did it actually get to $5500 while I was asleep?  OP was written just under 12 hours ago. 

OP is one of those who opened a short position hoping for a big profit.
basically the lowest price was about $5960 when he started this topic and the lowest that was reached were like this:
Bitstamp: $5880.0
Bitfinex: $5876.5
Coinbase: $5902.8
the hourly charts look funny now:

I know a lot of people that have been opening short positions every time we crossed the $6000 line, they thought we were going to re-test $4900 long term resistance line, and were so smug about their shorts.

Each time they have been rekt by these pumps that happen when we cross $6000, and just like pigs, shorts get slaughtered. It's really sad to see, but hilarious at the same time I guess.

How many times do we have to go through this to see that shorting Bitcoin, specially at $6k range, is extremely dangerous? This could be the definitive bottom after all, and we'll just stay there until bears run out of steam, then race to ATH begins again.

[DMCR lah]

rising $ 1k in a day is very possible for bitcoin, but I see that now the price of bitcoin has started to rise. Looks like the bear market still needs more time to make bitcoin prices fall to $ 5500.

[timerland]

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

The markets have pretty much always been bearish from the start of the year.

The only thing that was remotely close to some bullish sentiment in the last month was probably the bull trap, which saw bitcoin rally to around $8k or so, before correcting back to the level that we're at right now (6-7k).

It's just how a bear market goes, there is mostly sideways movement and some dips in price here and there. It doesn't mean that bitcoin is not going to experience more bull markets in the long term, at all.

In fact, we're probably very close to the bottom at this point in time. A recovery is imminent, and I think that with the halving event in 2020, we could likely see the next bull market emerge some time there.

[o_freeman]

I know a lot of people that have been opening short positions every time we crossed the $6000 line, they thought we were going to re-test $4900 long term resistance line, and were so smug about their shorts.

Each time they have been rekt by these pumps that happen when we cross $6000, and just like pigs, shorts get slaughtered. It's really sad to see, but hilarious at the same time I guess.

How many times do we have to go through this to see that shorting Bitcoin, specially at $6k range, is extremely dangerous? This could be the definitive bottom after all, and we'll just stay there until bears run out of steam, then race to ATH begins again.

Markets are fickle bitches. Sometimes they cross that "tipping point" just to taunt people who think that line is the end of everything. Longs close, shorts open, everyone switches positions and then... surprise! It's back on the other side again! A good old sweep and rinse maneuver just cleaned out half of the retail traders and suddenly there's a lot more room for us.

This is why it's impossible to say "The end is nigh! 6k has been crossed!" It could be crossed 7 times before going back up for all we know.