This Huge Price Increase

[tokeweed]

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.

[sunsilk]

I'm not confident as well with these increases but that's it, if this is just a trap we will know but if this really is the end of the bear we will also know about that. It's another time to prove that when bitcoin goes up, alts are also going bitcoin's path.

A Christmas rally and wants people to have another great holidays..

[Adriano2010]

I also think will grow more next year and not now, because Christmas is coming so i think a lot of people will sell, and i think we need to see bitcoin price over 4000$ before the bull run will start. Anyway i will hold what i have and i will get more coins under 4000$.

[buwaytress]

You know something's up when people are starting to be suspicious instead of hopeful, so I'm sort of with you on this tokeweed. I mean, a recovery now is unexpected, and how else should we ever expect Bitcoin to move? Christmas bonuses used up to buy more Bitcoin? Doubt it. Bull trap? We've had plenty enough. The volume isn't too shabby either, so I am wondering what's going on.

Be real surprise to see it break 4k before the new year, but even if it does, our journey in the wilderness won't be over just yet.

[exstasie]

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.

I was expecting a strong correction to the recent downtrend. However, I'm definitely not assuming the bear market is over yet, at least not until I've seen signs of reversal and mid-term uptrend on the longer time frames.

I like the way shorts are rising and longs are plummeting. It looks like we're near a local top, but I don't think this move is done yet. This should go at least to the $4,000s in due time.

[barota]

bitcoin may close 6500 usd  Before the end of February
Maybe 3200 it is the bottom
buy it now and Stop thinking negative The biggest bull in history

[LeGaulois]

I am pessimist for the past few weeks but I have to admit the past 2-3 days have been great. I would like to see it continue to give a new breath to the market, it will encourage people to use crypto again. The question is still the same, how many time will it stay continue like this. And who if then we will go below the 3000$ since recently the increases have been lower than the decreases.

[thecodebear]

I don't think anyone would think it's not gonna drop again, at least I would hope not. This will likely be a many-month bottoming out process that just got started a month ago. There will be volatility during the bottoming out. Look at 2015, if I remember correctly the price twice rose from about $200 to around $300 during the bottom before bitcoin finally started a bull run later on. Those were 50% gains that evaporated away during the bottoming phase. 18% is nothing, that's just crypto volatility. I'd expect a price range between 3000 and 5000 for at least several months.

[exstasie]

bitcoin may close 6500 usd  Before the end of February
Maybe 3200 it is the bottom
buy it now and Stop thinking negative The biggest bull in history

The biggest bull in history? It's always all or nothing for some people. Moon or doom! Maybe that's why BTC trends so strongly, whichever direction it chooses.

My thoughts: we've hit a local top here and breaking $4,000 properly will take some time. I'm looking for some bleeding down into $3,400-$3,600 and more shorts to build up. People will probably get pretty bearish during this time. And then we'll have another leg up.

$6,500 before the end of February is optimistic but possible. I definitely don't think price can sustain there though. It would end as a wick on the longer term charts. Too many bagholders need to sell.

[dothebeats]

I am not buying this recent rise too, knowing that many have been lured just a few weeks ago when the price climbed back to $4000 only to lose its footing and slid back to $3200. Good thing I haven't bought anything in the past few days though I'm somewhat amazed that the price has gone up for a few days now, knowing that a lot of people could already be on their vacations and no one would be trading during the holidays. If this continues up until the end of the year, we now know that 2019 would be a blast given the number of lined up launches and expected activities for the said year, but I'm not calling it done yet.

[1Referee]

I am not taking any increase seriously until we break $6000 and continue to hover above that level with good support on the lower side if it's about to fall back down. As long as that doesn't happen, I don't rule out a sub $3000 visit. On top of that, I don't mind scooping up some sub $3000 coins if we happen to fall that low. The market has turned into one pile of rubbish already, so it can't get much worse than this.

Altcoins lol, they still look like there is plenty of bust room in them. It's crazy that XRP has kept up this well during what happened this year, but then again, they didn't had to suffer from the ICO circus sale that affected mainly Bitcoin and Ethereum.

[bintangkejoraku]

yesterday's price increase is a very positive thing for bitcoin, I hope this price increase does not stop and continues. we only need a little patience to see the bull.

[Herbert2020]

the bear market has been over for a couple of months now and the fact that price dropped below $6k doesn't mean it was the "bear market" that caused the drop. it was instead pure manipulation that caused a crash and crashes are not equal to being in a bear market.

this is also NOT a huge price increase. it was indeed a small one. a huge price increase would have been going near $6k and try to break that resistance which is clearly not happening.
with that said if someone interprets this as "huge rise" and then pulls his pants down then it is their own fault!

[figmentofmyass]

the bear market has been over for a couple of months now and the fact that price dropped below $6k doesn't mean it was the "bear market" that caused the drop. it was instead pure manipulation that caused a crash and crashes are not equal to being in a bear market.

how can you tell the difference?

this is also NOT a huge price increase. it was indeed a small one. a huge price increase would have been going near $6k and try to break that resistance which is clearly not happening.
with that said if someone interprets this as "huge rise" and then pulls his pants down then it is their own fault!

we could be well on our way there. i know masterluc expected a retest of that area even if we were eventually headed for sub-$2k.

i'd say a 30% gain over 5 days is pretty impressive, and very lucrative to trade. not as impressive as november's dumps, but nothing to sneeze at either!

[LFC_Bitcoin]

Bottom could be in toke, you should have BTFD a week or two back

[Kemarit]

I'm also not buying this huge spike in the last couple of days. Although as of the moment the price continue to increased and we have just broken $4000. Maybe this is a bull trap before the final capitulation. But I will still remain cautious, too good to be true so we don't need to celebrate yet. 

[Lucius]

I am not taking any increase seriously until we break $6000 and continue to hover above that level with good support on the lower side if it's about to fall back down. As long as that doesn't happen, I don't rule out a sub $3000 visit.

I completely agree with the above, price is still far away from 6000$ and chances are bigger for return back then for recovery. However something has caused a price increase in last few days, maybe it is related with BTC ETF new date approval (VanEck SolidX Bitcoin Trust 29 Dec. 2018), or Bakkt finally started to affect the price?

Whatever is the reason for this price increase it is good to see some positive moves, it is holiday time and people will spend more BTC if the price is higher. Now is very close to 4100$ on Bitstamp and 4200$ on Bitfinex.

[Findingnemo]

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.

The price increase may not considered as huge in the crypto terms but this maybe causes a thought on the people that this is going to e the end of bear market like I have though when the prices cruising at $8500 from $6000 few months back so be cautious now.

[bitbunnny]

I'm not taking this seriously. It could be a good sign but also it doesn't have to be, maybe it's just false alarm that the market is recovering and the very next day the price could go down again.
At the moment I would say this is still far away from recovery or some bull phase so let's be patient and see what will happen in the next weeks. I wouldn't hurry with any conclusions.
Still I think this might be the opportunity for day trading to quick win some profit.

[khufuking]

Same feelings here, I don't think it is a real bull-run, the timing is just not correct, usually in this last few days in the year we have a little bearish market, something is not adding up, but still, I can't deny that seeing green still makes my eyes glowing it is something we are missing for some time now.