This Huge Price Increase

[Bonsaiav]

Bitcoin price fluctuations continue to occur in these two days starting from -4.08% to reach + 3.65% meaning that it is clear that the price of bitcoin is struggling and trying to rise to find the best price, for me this is the best fluctuation rather than previous price movements. $ 3000 might happen, because at Christmas time there will most likely be a lot of sales going on here and there, but after that it might also be the last bearish.

[Clark05]

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..

Totally agree wirh you bro. But we hope the price of the cryptocoins will really increase the value. The end of the dump market is gone I think but once the people panic again we expected the price will fall again and maybe it will become more worst.

[leavolnhals]

I think this is only a slight growth of the market. because it has gone down more than this growth. This is just a signal that increases investor morale. The whales will not want all investors to leave the market, so they decide to pump crypto.

[Vaskiy]

What's been happening in the cryptocurrency market is a sustained growth. When the price was around the same value users were speculating that it'll reach $6000 and $10000. To the expectation, surprise growth took place taking the price reach $20000. With this anything could happen unlike the time period. We need to be prepared to meet the pumps and dumps.

[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.

how can you tell the difference?

mainly based on the type of the drop. it was not natural price decrease but a dramatic dump with lots of FUD and manipulation of the market. investors were clearly reluctant to sell which was evident from the strong buy support at $6k and the market sentiment and the only reason for the drop was the BCASH FUD.

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!

it is impressive but if you look at the bigger picture, in my opinion, it was only going back to normal after being in an unstable fake price level.

if the drop continues, then this is still not a bear market. the follow up will be. but it will be a forced bear market not a natural one.

[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.

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 😃

We plebs will not make consistent profits by playing the whalecumulators game. We do not have hundreds of millions or the billions to make more millions in the smallest of upticks.

Enjoy your small profits now, but "they" will get more from you. It is more sensible to buy the dip, and hold.

[coinplus]

Really? Huge price increase? It is around 3900 or so right now, it was like this just 2 weeks ago, how could we call this a huge price increase when we were just here only 2 weeks ago? People in bitcoin really love a bull rally, if you tell someone that bitcoin will fall from $4k to $1k but will get back to $4k all in the span of one month they would actually love it because even though there is a drop in price it would result with a bull rally and they want to clearly see a bull rally regardless of the previous drops.

Yes, it is great that bitcoin didn't keep on falling, the 3 options of going down, staying same and going up are clearly giving us only one good option of going up so I am fine with it but lets not really get excited and assume 2 weeks ago price is some huge increase.

[onrise]

I think this is only a slight growth of the market. because it has gone down more than this growth. This is just a signal that increases investor morale. The whales will not want all investors to leave the market, so they decide to pump crypto.

It is just the beginning and long way to go for the bitcoin and soon we will see the price to rise 10k and above and happy days will be back as many investors had being waiting and holding their coins and not panicking like others. This is the start of the reward for them to make money on their invested amount.

[Pumapipa]

LMFAO when I saw BTC finally hitting $4110ish. The last time I checked was BTC is around $3200. This great increase, have pulled other coins up as well. It is a trap for people to start buying again, making the market look good, and then until it hit a tremendous reversal. Now I see what they mean when they say wolf-in-a-sheep's-clothing. What happened to BTC last few days just proves that it is still controlled by minority who just wants to deceive and rob people.

[dodgrad]

It also seems to me that those who are responsible for the manipulations that have been going on for the last weeks have taken a break for Christmas. I am afraid that at the beginning of next year we may have another surprise associated with the fall in prices. However, I do not expect the BTC price to fall below $3k.

[Herbert2020]

It also seems to me that those who are responsible for the manipulations that have been going on for the last weeks have taken a break for Christmas. I am afraid that at the beginning of next year we may have another surprise associated with the fall in prices. However, I do not expect the BTC price to fall below $3k.

the market doesn't rest nor does the whales making money from it. also it really doesn't have to be a big deal, this small rise was simply due to the fact that you can't keep dumping bitcoin forever. at some point the market retaliates!
and this has been a gigantic drop, most of which has been manipulation not an actual correction which makes it unnatural hence unstable. just like how a bubble is unstable and price bursts to come down.

[Olalomi]

Looking at the daily chart its obvious that the price has been rejected by a strong support which had signalled a gradual bullish sentiment however Christmas withdrawals could slow down the bullish run but come January to February next year things will become normal.

[exstasie]

Looking at the daily chart its obvious that the price has been rejected by a strong support which had signalled a gradual bullish sentiment however Christmas withdrawals could slow down the bullish run but come January to February next year things will become normal.

What does "normal" mean though? A bull market? It's too soon to expect that. It'll be a ranging market at best.

We definitely saw a strong bullish move off support but I don't really think it'll last. I think this is a temporary bull trap which might nearly reach $6,000 but ultimately we're heading back at least to re-test the $3,000 level.

[wendiar19]

it seems like the price increase at the end of this year will not happen that easily, it takes a very long time to be able to increase prices, maybe the price of bitcoin can go back up when there is a halcoin event like last year.

[lelylely]

I think the current increase is a good opportunity, the collapse of the market will be swift and I think at the beginning of 2019 bitcoin can reach 5k.

[erickbarkley29]

just cherish the moment while it lasts.  at least it's up.  when it was down, everyone was complaining, too.

[davit putra]

The price increase makes me even more optimistic that crypto will get better in 2019, and that makes my eyes open that crypto has a future and will grow high.

[BitHodler]

However, I do not expect the BTC price to fall below $3k.

Many didn't expect it to fall below $6000 again, but it still did. In other words, don't calculate yourself to be safe already, especially when we're just one or two dumps away from falling back to $3300 again.

In crypto there is no such a thing as miners need this or that level to remain profitable. If the price tanks, the difficulty will come down and miners will still be able to make profit. The difficulty adjustment exists for a reason....

I'm focusing on altcoins to see what's happening over there, because more demand for alts means less converting to BTC that will then be dumped for USD. Less selling pressure from that side helps to keep coins off the market.

[exstasie]

However, I do not expect the BTC price to fall below $3k.

Many didn't expect it to fall below $6000 again, but it still did. In other words, don't calculate yourself to be safe already, especially when we're just one or two dumps away from falling back to $3300 again.

In crypto there is no such a thing as miners need this or that level to remain profitable. If the price tanks, the difficulty will come down and miners will still be able to make profit. The difficulty adjustment exists for a reason....

Seriously, the difficulty adjustment algorithm was a brilliant economic design. It's one of the main reasons Bitcoin is so superior to gold: the supply costs are way more elastic. Mining is economically viable under far wider circumstances. 

I'm focusing on altcoins to see what's happening over there, because more demand for alts means less converting to BTC that will then be dumped for USD. Less selling pressure from that side helps to keep coins off the market.

Yep, I'm a big believer in the idea that altcoins have a symbiotic relationship with Bitcoin. People think they dilute Bitcoin's market share, but I think the effect of sucking supply off the BTC/fiat market is much bigger. Plus, there are no liquid fiat markets outside the top altcoins, which creates additional demand for BTC: altcoiners need to buy BTC first.

[slocker]

Maybe this increase will bring back some investment into crypto world. Hopefully this will bring some good improvement in price for next year or this is just some spike in price.