This Huge Price Increase

[LeGaulois]

Santa Claus is real, BCH did +35% in the last 24h  Time to send your letter to Santa before Friday to ask the same for BTC.


The $6000 line could be hit for the end of the year at this speed. I didn't know about the new date and I hope it isn't the reason (or Bakk)t because it would be totally insane. Just a useless date and people act like a sheep and jump on their wallet. It will be just a speculative trend and we'll go back perhaps lower then...

[eroejoe]

Seriously...



It's like we're being tricked into thinking that the bear market is finally over...    Could end up in another wtf moment with our pants down.

It could be end of bear market but it is unlikely in my opinion, but I am happy to see some green days in this blood bath.

Santa Claus is real, BCH did +35% in the last 24h  Time to send your letter to Santa before Friday to ask the same for BTC.


The $6000 line could be hit for the end of the year at this speed. I didn't know about the new date and I hope it isn't the reason (or Bakk)t because it would be totally insane. Just a useless date and people act like a sheep and jump on their wallet. It will be just a speculative trend and we'll go back perhaps lower then...

I think that 6000 USD per Bitcoin is good shorting position. We will see...

[budiarmed]

I believe hope will be there, the decline in 2018 makes us tired of the decline that makes sadness. I believe the market in 2019 will be able to recover, and will allow cryptocurrency to increase.

[dewildance]

Seriously...


It's like we're being tricked into thinking that the bear market is finally over...    Could end up in another wtf moment with our pants down.

It may rise after this move. But I am doubted. What if this about Bull trap? I don't know what should I do right now. It is difficult decision right now for all of us.

[Lazada]

Today the price of Bitcoin has experienced a tremendous increase. I noticed that the increase was more than 500USD. This is a good sign that Bitcoin can recover prices and try to reach levels of more than 6000USD. Though usually on Christmas there is always a decline, hopefully this year will be different and there will be an increase again so that Bitcoin is trusted again by many people.

[Thirdspace]

It's like we're being tricked into thinking that the bear market is finally over...    Could end up in another wtf moment with our pants down.

could this be a dead cat bounce situation?
anyone who wants to accumulate some BTC, should've done it when it was around ~$3200
buying when the price spike high in short time would be unwise... it always followed by a price correction

[Indamuck]

Now people are going to be angry that they didn't buy at 3k levels.  I keep telling people it is nearly impossible to time this market and you should always cost average.  A lot of speculators were too greedy and were waiting for 1k or 2k bitcoin to be hit again but it looks like that will never happen.  I think the upcoming year will have tremendous growth back towards the all time high.

[kryptqnick]

As the majority of respondents, I don't think we are at the start of a bull run. However, I must admit that it's nice to wake up, take a look at the price and see that bitcoin gained something, not lost. It would be really good if the $4500 barrier was defeated by the end of this year, so that we never return to these terrible prices. But how long this $5k-$7k thing will be going - that could take another year... Let's hope it won't and that 2019 will be a good year for the crypto market. The drop below $6k was kind of unexpected and unfair, so perhaps we'll at least see something like $6k soon.

[Slow death]

[...]

I only see a small price recovery, before we were in the $ 6000 and the price started to drop a lot and so now he took a breather and rose to $4000, and it is very probable that it stays in this region between $2500 to $4500 until the end of January and then with BAKKT launch the price increases to levels of $ 6000 to $ 7000 and is gradually increasing. I do not believe that the price will have big increases and fast like last year. last year's price increase was pump and dump no offense

the decline in 2018 makes us tired of the decline that makes sadness.

I remember hearing that someone killed himself because the price fell a lot. I do not remember the source of this news

[glowing10]

Now people are going to be angry that they didn't buy at 3k levels.  I keep telling people it is nearly impossible to time this market and you should always cost average.  A lot of speculators were too greedy and were waiting for 1k or 2k bitcoin to be hit again but it looks like that will never happen.  I think the upcoming year will have tremendous growth back towards the all time high.

This would be their fault if they din't bought it because it was clear that it is bottom out and not much drop could happen . So those who wanted more drop will keep on waiting now for that price to reach as btc has moved to 4k+. Those who had being buying will gain eventually and those who take risk will be rewarded finally.

[xuv500]

Yes, look at BCH its unbelievable. The entire market is pumping and really good to see the change I guess we are nearing to the bull run, here is a genuine example for sudden pump and we saw the dump last month. That's the reason a lot of them say crypto is unpredictable.

[tomahawk9]

A lot of speculators were too greedy and were waiting for 1k or 2k bitcoin to be hit again but it looks like that will never happen. 

I wouldn't call them greedy, I mean, almost everyone in the crypto space kept saying that the real bottom was going to be sub 3k so for all of people it was the right move to wait for those low level, especially with the current market trend which is still bearish.

It would be really good if the $4500 barrier was defeated by the end of this year, so that we never return to these terrible prices. But how long this $5k-$7k thing will be going - that could take another year.

With the current trend, we could see 4.5k this week or maybe next week, although I'm still not completely sold on this uptrend, it just came out of nowhere. About the 5k-7k, we have a couple of events early next year that could trigger a bit of btc rally so I wouldn't be surprised if we hit those levels in less than a year.

[Idrisu]

Of a truth I did not expect bitcoin to go as high as it went this two days.  The current bullish trend is really very impressive and it is a sign that cryptocurrencies market cannot die but remain with us.  I read a speculations were some said bitcoin is not going to cross $4000 this year again but thank God it did.

[fabiorem]

I fail to see the "huge" increase here. We are still around 4k, and still in a bear market.

I see a bull trap here, actually. Its similar to the rise from 6k to 8k, which happened some months ago.

Huge price increase would be if we had got to near 10k, all of a sudden.

[figmentofmyass]

I fail to see the "huge" increase here. We are still around 4k, and still in a bear market.

I see a bull trap here, actually. Its similar to the rise from 6k to 8k, which happened some months ago.

Huge price increase would be if we had got to near 10k, all of a sudden.

bulls don't really want to see that. anything that happens so quickly will end as a brutal wick. it would just be an empty short squeeze that would precede another crash.

in a typical wyckoff reversal, what we want to see is a strong bullish reaction off the lows, just like this---bullish engulfing, strong volume rally into resistance. if the market can consolidate and hold support without new lows now, shorts will pile on and help propel us into the $5000s.

if that plays out, it'll look like "phase A" of an accumulation schematic. dmwardjr's model has been spot-on so far, check it out: https://www.tradingview.com/x/l8BeQtyp

[el kaka22]

Seriously...

[im g]https://i.imgur.com/OndK9IM.png[/img]

It's like we're being tricked into thinking that the bear market is finally over...    Could end up in another wtf moment with our pants down.

This is the problem 2018 bear market created. I have cashed out all my bitcoins and now waiting in fiat to purchase back when the price falls back. Like I know bitcoin will ever drop or not, I have no idea if the price will go down again, why do I feel like this increase is fake and it will go down again than ? I think 2018 created an imaginary situation in our minds that if we keep on believing bitcoin will rise we will be hurt and it will go down because that is what happened in 2018, so even when its going up we can't really get ourselves to believe its a bull run.

As long as people do not see any increase as a blessing and start believing its a good thing than we are going to fall back anyway. The pessimistic approach to the price we have right now because of 2018 will continue for a while and will definitely affect the price as well.

[Wind_FURY]

Now people are going to be angry that they didn't buy at 3k levels.  I keep telling people it is nearly impossible to time this market and you should always cost average.  A lot of speculators were too greedy and were waiting for 1k or 2k bitcoin to be hit again but it looks like that will never happen.  I think the upcoming year will have tremendous growth back towards the all time high.

The only "people" who will be angry because "they" were waiting for "$1000 or $2000" that did not come are the whalecummulators. I believe that this is a pleb's rally, it will be crashed by "them" again within two weeks.

[hatshepsut93]

bulls don't really want to see that. anything that happens so quickly will end as a brutal wick. it would just be an empty short squeeze that would precede another crash.

This seems like the most likely scenario now, the price will fail to increase further which will soon trigger another crash, perhaps we'll even go below $3,000. I've already sold a small amount today and will probably sell more later today to buyback after the crash.

1 year after the ATH is just to soon for a new bull run and I expect cycles to become more stretched in time as Bitcoin matures, so this pump looks just way too suspicious.

[gabmen]

Now people are going to be angry that they didn't buy at 3k levels.  I keep telling people it is nearly impossible to time this market and you should always cost average.  A lot of speculators were too greedy and were waiting for 1k or 2k bitcoin to be hit again but it looks like that will never happen.  I think the upcoming year will have tremendous growth back towards the all time high.

The only "people" who will be angry because "they" were waiting for "$1000 or $2000" that did not come are the whalecummulators. I believe that this is a pleb's rally, it will be crashed by "them" again within two weeks.

Possible since they have the ability to do that and they would already be in profit just from this current run. If what you say comes true, then we still have time to enjoy the profits we're making from buying last week 😃

[exstasie]

The $6000 line could be hit for the end of the year at this speed.

There's a decent chance that's where we're headed. Or close to it anyway, upper $5,000s area. That wouldn't mean the bear market is over though. It would probably be an excellent selling opportunity. Just imagine how many bagholders must be waiting to sell.

The chances are very high that we'll revisit the $3,000 area eventually.