Bitcoin prices are being settled to explode ?

[sudeshkumar]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

[mk4]

From a technical analysis perspective, a violent price movement definitely has a good possibility. But does it necessarily mean that the price movement would be upwards? Definitely not. As always, it could go either way. Before you know it, we could be at $3200.

[dothebeats]

Similar thing happened in the lazy months of August - November, but we didn't reach moon and have slid under $5000 which, almost everyone suggested, is an impenetrable barrier that we will never break because bitcoin has already reached its bottom. Normally when bitcoin is range bound, short stints of price increases are happening, followed by a rather swift and sharp decline . I don't really believe that we're in for a massive treat on the early months of 2019, but I could be wrong.

[boyptc]

Is it the start of the journey towards 20000$ again?

The very answer is that no one can answer that seriously.

The market instead of looking good it keeps on plumetting and starts to stabilize @ $3,600. Most of predictions says that if it goes down, tendency of falling to $2,800 is big. But I don't want to believe with those predictions because many of them failed.

[Herbert2020]

you can't make the conclusion of an upcoming rise only based on the fact that price has been stable for a while. you should add other factors in then make that conclusion. for example the fact that this price is currently at the bottom of a 85% drop. the fact that price has been falling for more than year, and also the fact that the fall below $6k was the product of BCH fork attack and panic sell not normal circumstances.

[jakasantosa]

We cannot ensure that for bicoin prices is the beginning of the journey to the top again. Because we can only predict it. And our predictions can be right and can be wrong. I expect the price of bitcoin to rise even if it doesn't reach the top.

[davit putra]

Bitcoin has the possibility to increase higher and will reach 20k, but bitcoin's journey to reach 20k will not be easy and will go through a long process.

[Fredomago]

Is it the start of the journey towards 20000$ again?

The very answer is that no one can answer that seriously.

The market instead of looking good it keeps on plumetting and starts to stabilize @ $3,600. Most of predictions says that if it goes down, tendency of falling to $2,800 is big. But I don't want to believe with those predictions because many of them failed.

There's no specific time frame for the value rise back and explode again, what we need to do is to keep buying this cheap coins and hold till the pumped happen again, as long as there's believers who's willing to take the risk and keep holding their coins the value will rise again while the progress still ongoing.

[Kopyleft]

The possibility of a price pump always exists, I do not think there is a way to predict when that would happen.
Studying the mining difficulty level and costs to mine one bitcoin the market value is similar to the cost of production.
More volume would be helpful in moving the price upwards.

[exstasie]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

You're way too early. Come back in 6 months and we'll talk.

Price has really only been range-bound for ~ a month. If we're really lucky, the December bottom ($3,122 Bitstamp) will truly be the bottom of a final accumulation range (similar to $152 in January 2015). Another 6-8 months of sideways and I could see a new bull trend starting.

At this point, we might just be in a local bearish consolidation, like the red triangle below:

[tomahawk9]

A lot of people thought the same thing when we were stuck in the 6200k-6500k zone back in September-November last year, and then, completely out of nowhere, we went down to the current levels. Stagnation or the lack of major swings in price doesn't mean that we're consolidating to see a surge in price in the future, we could also see major price movements but on the way down.

Is it the start of the journey towards 20000$ again?

If we reached the real bottom, then perhaps it could be the start of our journey to another ATH, if we didn't find the bottom then, prepare for a another drop.

[bengsabeng]

bitcoin does not yet have strong power to start the journey towards $ 20k, there is no positive news that can trigger the current price increase. In my opinion this is not the right time to go to $ 20k.

[omonuyak]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Few people are seeing this and  very soon this is going to become a reality.  Traders are waiting for the trigger as the events line up this year are going to be bullish.  Today bitcoin is very cheap and buying now might be the best investment decisions in 2019.

[boyptc]

Is it the start of the journey towards 20000$ again?

The very answer is that no one can answer that seriously.

The market instead of looking good it keeps on plumetting and starts to stabilize @ $3,600. Most of predictions says that if it goes down, tendency of falling to $2,800 is big. But I don't want to believe with those predictions because many of them failed.

There's no specific time frame for the value rise back and explode again, what we need to do is to keep buying this cheap coins and hold till the pumped happen again, as long as there's believers who's willing to take the risk and keep holding their coins the value will rise again while the progress still ongoing.

Believers like me are willing to take the risk even though returns are subject for the market's movement. There's no certain return and period of time on how long we have to wait.

Such news gives encouragement to the entire community but that doesn't give a total impact but it does encourage. How I wish that we're going to see the price explode up to $20,000 and higher.

[Kemarit]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

We have seen similar patterns in 2018, remember the price keeps hovering around $6000-$6500? So what we witnessed is the same, just trading sideways with a few spikes but definitely settling down around the $3500-$3800 which has a strong support. To a uptrend it needs to break that barrier, but so far we haven't seen anything that will tell us that a imminent reversal in on the horizon. Just probably another accumulation period so we need to take advantage like buying more bitcoin at this point.

[imapessimist]

I don't think this is going to happen.  I am expecting a huge drop eventually.  I can't see people rushing to invest in this market.  A few will but not nearly enough.  Its good money given over to other folk.  No I wouldn't do that myself.

[davinchi]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Everyone wishes the same thing but its unlikely that we will see an increase upwards of x7 ever again that quickly. I doubt we will have an "explosion" to be honest and honest I hope it doesn't happen neither. We should be working towards going above 5 thousand first, that would be the smartest decision, first of all the coins we have will increase almost 20%+ if that happens, that is great.

Secondly we can move small by small, in 6 months lets go above the 5 thousand dollar mark, lets aim at above 6 thousand dollars by the end of the year. That way instead of an unsustainable economy we will have a market that is more decisive and stable instead of a unstable chaos. 20 thousand dollars times were great at the time and brought in many people but ever since than we saw how much destruction it brought as well, we need more stable increase instead of exploding prices.

[buwaytress]

Similar thing happened in the lazy months of August - November, but we didn't reach moon and have slid under $5000 which, almost everyone suggested, is an impenetrable barrier that we will never break because bitcoin has already reached its bottom. Normally when bitcoin is range bound, short stints of price increases are happening, followed by a rather swift and sharp decline . I don't really believe that we're in for a massive treat on the early months of 2019, but I could be wrong.

Exactly, and people were heavily into using that period of 6 weeks (was it) of stability as proof that momentum was gathering and a recovery was underway, the bulls horns were sighted, and the bears were in retreat.

Ah, the folly of jumping the gun, and the wisdom of hindsight.

Sure, everything is in undersold territory but Bitcoin's never really been held hostage to anything of the sort, now, has it? I'd love for 2019 to be boring, but I haven't been given what I love since I entered.

[adzino]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

The prices haven't settled (anyways, what does price rising have to do with stable price? ). We have  already seen such price stability few months back (october-november) where the price were between $7000-$8000 USD. Did we see any sky rocket after that? Nope. The same thing is happening now. The price is jumping betweek $3500-$3600 USD. We can't be sure that the price will go up or down (I am talking about short run).
And one more thing. We wouldn't want the price to jump directly to $20,000 USD. Steady rise is better.

[Slow death]

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

sit down, close your eyes and ask yourself:

which option is more likely to happen: the price drop below $3000 or the price rises to $20,000?

my opinion? has a better chance of the second option. there is not much demand, as the price fell people got away from bitcoin and altcoins.

I am expecting a huge drop eventually.

I also think so and that's why I've saved money to buy more bitcoins