Bitcoin Analysis: Are We Going Up Or Down?

[mycoinrisk]

This past month Bitcoin has been testing between $3.5k and $3.6k, and overall the zone has been treated as an opportunity to buy for traders.

Under a completely bearish circumstance, Bitcoin will dip below $3,550 and continue to drop possibly testing its previous temporary bottom at $3.2k. However, many analysts predict that we may plunge further downwards and see fresh yearly lows around $2,500.

In the case that this is a healthy correction, Bitcoin will continue to consolidate with $3.5k as support and $4k as resistance.

Read the full analysis here

BTC

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[RAFIKKING]

Maybe that's logical. However, as far as I know, the bearish wave of the Bitcoin price can not be trusted because this is always a trap for weak-hearted people and an opportunity for experienced people to make a profit by buying in time. As I saw we are in time to buy

[HODL2090]

and an opportunity for experienced people to make a profit by buying in time. As I saw we are in time to buy

Buying in time is not the only avenue to profit. If through technical or fundamental analysis, one can predict a future price drop then they could short the currency, by selling and buying back at a lower price.
The price has been up and down lately, it now appears to be on the rise as it just surpassed the $3700 mark. The next couple of days would be useful in drawing up an analysis

[whirlcoin]

This past month Bitcoin has been testing between $3.5k and $3.6k, and overall the zone has been treated as an opportunity to buy for traders.

Under a completely bearish circumstance, Bitcoin will dip below $3,550 and continue to drop possibly testing its previous temporary bottom at $3.2k. However, many analysts predict that we may plunge further downwards and see fresh yearly lows around $2,500.

In the case that this is a healthy correction, Bitcoin will continue to consolidate with $3.5k as support and $4k as resistance.

Read the full analysis here

BTC

I think Bitcoin will definitely going to the upper stage because the people will know Bitcoin in this year more than previous year this will be definitely yes access to Bitcoin otherwise the value will not able to be decide the strength of Bitcoin because if people invest more amount in it will be definitely more valuable in the future that's all.

[clrpod]

We're neither going up or down, we're just moving between the levels you spoke about. As more people begin to realize and act on those levels the band will become smaller and eventually it will burst one way or another, forcing us either towards 3k or 5k.

[Johnyz]

We're neither going up or down, we're just moving between the levels you spoke about. As more people begin to realize and act on those levels the band will become smaller and eventually it will burst one way or another, forcing us either towards 3k or 5k.

There is so much pressure in the marker now as all the people think about the pump of cryptomarket. My analysis is that, we will continue the same trend last year where there’s a lot of pump and dump, but its more on the pump this year as the hype continues to flow with bitcoin. Many waits for the ETF approval and if its already approved, expect more people to invest.

[metalglowd]

going up or down, in total it won't have enough influence going forward, we can assume that at this time, the crypto period is in a stagnant line where we experience things that we think can change the direction of the crypto path massively but in fact don't

[abojamal]

This past month Bitcoin has been testing between $3.5k and $3.6k, and overall the zone has been treated as an opportunity to buy for traders.

Under a completely bearish circumstance, Bitcoin will dip below $3,550 and continue to drop possibly testing its previous temporary bottom at $3.2k. However, many analysts predict that we may plunge further downwards and see fresh yearly lows around $2,500.

In the case that this is a healthy correction, Bitcoin will continue to consolidate with $3.5k as support and $4k as resistance.

Read the full analysis here

BTC

No one knows what the next few days will tell us about the price of the BTC
We are slowly moving up
But in the down we move very quickly
Is will this pace continue?
How long?

[Dreamchaser21]

We're neither going up or down, we're just moving between the levels you spoke about. As more people begin to realize and act on those levels the band will become smaller and eventually it will burst one way or another, forcing us either towards 3k or 5k.

We are moving sideways right now and it can pump and dump at no specific time as the market is still in a down trend. Its too early to be sad because 2019 will be a great one for sure, I expect more pumps compare to dump this year and since bitcoin and eth are cheap again, you can now buy more.

[Innocant]

We cannot predict on what happen of bitcoin, But if the analysis was said that are going maybe it is true. But for us we always to believe on when gonna be up again the price. And for now it was stable and not drop the price fast and still in $3k.

[tomahawk9]

Neither. We'll probably continue floating in the 3.2k-4k range for a very long time until the bulls decide to take action and trigger a btc rally, or the bears decide to dump towards sub 3k until we reach the real bottom, the latter is something that some people think could happen, though personally, I don't think we'll go that low. Either way, we can either accumulate some more during this boring phase of the market, or we wait patiently until we test new highs god knows when.

[rodel caling]

Base in the coin market cap bitcoin is moving their price at 3500$ to 4000$ and 4000$ bitcoin rate people are assume for the price increase but not moving more than 4k and now down grade again their price, as of niw their are nothing indication for the price increase, i think price will duppmed at 3000$ before continues to repummped their value.

[Kez1817]

   It's just the beginning of 2019 and we can't see a rapid changes and growth in bitcoin price. Still in the stage of adjustment and playing pump and dump. But i thing before mid of this year there should be an increase in bitcoin price. Well,just hoping.

[sudeshkumar]

Bitcoin Journey journey is a matter of discussion ,in the last ten years it has touched the peak prices of 20000$ and now low to 3500$.Whether it will trade below 3500$ or attempt to rise is matter of speculation .However as per past history it has made three cycles of such moves . Now It is getting ready for the fourth cycle of uptrend to 20000$ to 50000$ in the span of three years from 2019 to 2022 .Overall it is going up.   

[Blockfolioz]

Users believe this to be the correction phase. We don't know what happens in the future or in the upcoming months. We're supposed to travel with trust. It isn't that easy to predict crypto moves, need to act at the present according to the market scenario. With this in mind I expect good to happen whether it is up or down doesn't matter as I consider holding long term.

[samcrypto]

In short term trend I expect a more dump since we are just recovering from a fall last year but don’t be afraid because in the middle of 2019, we can now see some growth as a new development will be live that time. Just keep buying, we may not be sure about the future but taking risk like this can give you so much reward.

[franky1]

just drawing lines and triangles on the price chart are meaningless.. thats not bitcoin analysis. thats not even technical analysis.
thats just dumb "trend" analysis. which i refer anyone who does this as trend anals.. not TA's(technical analysts)

but just using price data and thinking the price is the price because only the price is not anywhere close to technical analysis
anyone can draw any lines on a chart and randomly change the first point of a line to be 1 month or 12 months ago which will result in a different angle, leading to different results. so it becomes meaningless to base numbers on just lines drawn randomly on a price chart

instead do some technical analysis.
think about the mining:market dynamic which has always been at play. for the last 9+ years
its the game theory of "how to get BTC at the cheapeast price.. mining it or buying it"
even hal finney mentioned it in his first post on this forum.

One reason price might follow difficulty is that mining should not be too profitable (because nothing should be too profitable, the world doesn't leave free money lying around). Therefore the price of Bitcoins can't rise too much above the cost of mining (counting equipment depreciation among the costs of course). The cost of mining is proportional to the difficulty (approximately). Therefore we might expect to see price proportional to difficulty.

We do see a nearly proportional relationship in the 1st graph, but that data set was incomplete. I'd like to see that last graph redone with a linear difficulty scale so we could see how the proportionality holds up with more data.

heres a tip
look at the hashrate
(hashrate in october 2013(asics birth) sparked a upward movement that sparked the 2013 price movement)
(hashrate in october 2018(asics next gen 28thash swaps) sparked a downward movement that sparked the november 2018 price movement downward)

yes after the spark (reaction) alot of FOMO over extended the movement direction too much, which is called speculation. so dont expect to use hashrate as a guarantee minute by minute predictor.. speculation (volatile price) is varied compared to the underlying VALUE support

in short
unless we see a large hashrate dump. dont expect a supported price dump. as it cost X to mine btc, meaning if prices got too cheap people will buy more coin and correct the price back up to the mining:market dynamic

for the last 9+ years the price has always had a healthy price at or above the mining:market dynamic

[iqlimasyadiqa]

We're neither going up or down, we're just moving between the levels you spoke about. As more people begin to realize and act on those levels the band will become smaller and eventually it will burst one way or another, forcing us either towards 3k or 5k.

We are moving sideways right now and it can pump and dump at no specific time as the market is still in a down trend. Its too early to be sad because 2019 will be a great one for sure, I expect more pumps compare to dump this year and since bitcoin and eth are cheap again, you can now buy more.

change is not very fast and tends to undergo changes that are not too drastic. we are still in an uncertain phase, the price of bitcoin will never be able to survive the exact price. changes occur, decreases and increases will always be there every minute. when more people need bitcoin then the price will increase and when more people sell bitcoin then it will reduce the price of bitcoin. Such a scheme will always occur because the price of bitcoin is very much determined by the demand factor.

[KingScorpio]

This past month Bitcoin has been testing between $3.5k and $3.6k, and overall the zone has been treated as an opportunity to buy for traders.

Under a completely bearish circumstance, Bitcoin will dip below $3,550 and continue to drop possibly testing its previous temporary bottom at $3.2k. However, many analysts predict that we may plunge further downwards and see fresh yearly lows around $2,500.

In the case that this is a healthy correction, Bitcoin will continue to consolidate with $3.5k as support and $4k as resistance.

Read the full analysis here

BTC

i doubt 3.5-3.6 is the bottom.

[Andam76]

no one can confirm when the price of bitcoin rises or falls ... we can only predict based on previous experience ... hopefully this year the price of crypto will rise ...