Hold on to your hats: We’re moving up yet another Bitcoin flagpole

[Flagship11]

https://coinrivet.com/hold-on-to-your-hats-were-moving-up-yet-another-bitcoin-flagpole/

Bitcoin pumped with volume this morning to smash through resistance at $4,000.

After Bitcoin closed yesterday with its fifth daily green candle in a row, price broke out to trade above $4,000 across most major exchanges.

[Infinixhot1996]

Isn't it rather to early for us to start the party as of yet,we definitely are all glad with what the charts are displaying to us.
But I'm somewhat reserved to speculate this could be the end of the bear as it could plummet yet again,who knows

[MainIbem]

Isn't it rather to early for us to start the party as of yet,we definitely are all glad with what the charts are displaying to us.
But I'm somewhat reserved to speculate this could be the end of the bear as it could plummet yet again,who knows

It just goes to show how long people have been expecting to see greens in the boards. It is something to cheer about though. My advise is not to be too overjoyed. It is still a fragile market.

[mk4]

Oh boy. I wouldn't celebrate just yet. This just might be a dead cat bounce. It's really just too early to say where the prices is going. The sudden bullishness of everyone actually concerns me. Feels the same when we rose from $6000+ to $7000+ in August-September but immediately just dropped back down.

[gabmen]

Isn't it rather to early for us to start the party as of yet,we definitely are all glad with what the charts are displaying to us.
But I'm somewhat reserved to speculate this could be the end of the bear as it could plummet yet again,who knows

It just goes to show how long people have been expecting to see greens in the boards. It is something to cheer about though. My advise is not to be too overjoyed. It is still a fragile market.

I agree. We've been too long in a bear market and too beaten badly the last month that any positive movement sustained would be reason enough to be excited. The price today was a big disappointment not even a month ago. And we're not even sure how long this can be sustained as well.

[FedorIzmailov]

I think that everyone is already tired of the bear market for all this time, so personally I really hope that growth will begin soon

[ridertiger]

Yeah, and all the nay sayers saying bitcoin is dead again, or it will not last forever should find themselves a hole to run and hide.

[Baby Dragon]

https://coinrivet.com/hold-on-to-your-hats-were-moving-up-yet-another-bitcoin-flagpole/

Bitcoin pumped with volume this morning to smash through resistance at $4,000.

After Bitcoin closed yesterday with its fifth daily green candle in a row, price broke out to trade above $4,000 across most major exchanges.

Even it reach the price of $4,000 its not yet done it might dropped again so do not expect too much. Everything might be happen and even we see green and small pump it is not yet the sigh that the price of bitcoin will gonna go up so hang on and wait more time and we will see if there will be another bull market or bear market.

[wxa7115]

Isn't it rather to early for us to start the party as of yet,we definitely are all glad with what the charts are displaying to us.
But I'm somewhat reserved to speculate this could be the end of the bear as it could plummet yet again,who knows

There is nothing wrong in celebrating a little bit since we need some green in the market the issue is that many are making the assumption that this is the beginning of a bull market and there is no way to know that at this point, so all of those that are happy because of this small recovery and the profits they are making my recommendation is to not take the current growth too seriously, be happy about it but do not proclaim this is the beginning of a bull market because we need a lot more than a good day for that to be true.

So your reserved attitude is correct and you should maintain that attitude for some time because this could be a bull trap and you could invest just before the market goes down again.

[thankyoulord]

bitcoin indeed increased and went above 4000 dollars which is indeed good for us all. it shows everything about bitcoin is coming stronger and bitcoin is heading back to the heights it fell from. we will continue to see more rise in the coming days

[coinwizard_]

It has already dropped lol! Price is really flaky right now, but to get it to a new higher floor is good news. $4000 is much healthier than $3300 where it was tantalizingly close to a serious death spiral

[rodskee]

It's seems look like before bitcoin moving up slowl
Then after a small percentage of price increases suddenly price goes drops
But hopes i am wrong in my analysis for their movements

[pooya87]

Oh boy. I wouldn't celebrate just yet. This just might be a dead cat bounce. It's really just too early to say where the prices is going. The sudden bullishness of everyone actually concerns me. Feels the same when we rose from $6000+ to $7000+ in August-September but immediately just dropped back down.

a dead cat bounce is happening when something is actually dead. do you think bitcoin is dead?

this was not a "bullishness" either. it simply proves my theory that many investors have been waiting (and many still are) on the sidelines for the manipulation and drama to dwindle a little before they come back in since the market would be more predictable and less weird! that is why we see these kinds of shoot ups, it is simply the waiting money rushing back in.

[Kemarit]

It has already dropped lol! Price is really flaky right now, but to get it to a new higher floor is good news. $4000 is much healthier than $3300 where it was tantalizingly close to a serious death spiral

Exactly, the price is now just hovering $3800 so the celebration was short lived. We did touch $4000 however, there's not enough momentum to push to $4200 levels and support @$4000 is not that strong that's why the price easily goes down. We might see it tank again for a long time, unless manipulators play with the market again to cause newbies to join and enter the market thinking of a imminent bull run, which they all have been waiting for.

[Twentyonepaylots]

It has already dropped lol! Price is really flaky right now, but to get it to a new higher floor is good news. $4000 is much healthier than $3300 where it was tantalizingly close to a serious death spiral

Exactly, the price is now just hovering $3800 so the celebration was short lived. We did touch $4000 however, there's not enough momentum to push to $4200 levels and support @$4000 is not that strong that's why the price easily goes down. We might see it tank again for a long time, unless manipulators play with the market again to cause newbies to join and enter the market thinking of a imminent bull run, which they all have been waiting for.

Crypto Market is very volatile, it is unpredictable, its crazy... the few days green light was short live by droping again to 3800 level. If this is the new resistance level as posted or it is only retesting the 3800 level, some expert says..it not yet the bottom of Bitcoin ? I disagree on that notion. Yes, i am optimistic that once the market become stable we can expect a most favorable market status in the future. Bitcoin will survived.

[Vince44]

don't penic people now bitcoin price low and soon  comback $6000 up i belive

[Kakmakr]

Nope, it is just continuing on the latest trend, where the price recovers a little bit and it gets pumped with between $200 and $400 and then it goes down again. Some speculators are using this trend to make some profits on the lower end of the price movement.

It could also be Fiat Whales toying around with Bitcoin investors to start buying again. <Like a little Kickstarter for the market> They do not have enough capital to trigger a breakout, but they hoping a smaller trigger will start the process.   

[Pursuer]

It has already dropped lol! Price is really flaky right now, but to get it to a new higher floor is good news. $4000 is much healthier than $3300 where it was tantalizingly close to a serious death spiral

Exactly, the price is now just hovering $3800 so the celebration was short lived. We did touch $4000 however, there's not enough momentum to push to $4200 levels and support @$4000 is not that strong that's why the price easily goes down. We might see it tank again for a long time, unless manipulators play with the market again to cause newbies to join and enter the market thinking of a imminent bull run, which they all have been waiting for.

once again it proves the uncertainty and the fear that exists in the market because of the previous couple of months of manipulation. people always focus on the price and the profit they can gain from each drop and rise but they forget all the damage that the manipulation is causing in the market and to bitcoin itself. the volatility, and the uncertainty has nearly halted the adoption

[wall101]

Bitcoin is not already rising up still continue dropping its price maybe next year the price of bitcoin will grow up again.

[worm44]

Bitcoin is not already rising up still continue dropping its price maybe next year the price of bitcoin will grow up again.

Can't agree more... I think after Bakkt, we might see another rally.