Bitcoin prices are being settled to explode ?

[Barbut]

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?

Your theory is kinda stupid.
The prices aren't waiting for anything.The whales are waiting,which leads to all the other traders waiting.
The market is waiting and this helps the bears,because if they start mass selling btc,the price will go down for sure.

Yeah, it's more of the other way around and as we can observe with what's been happening the last 48 hours, it's by far not going upwards. We may yet see another new low since the 2017 run. A stagnant movement in a price this low can take the guts out of potential new investors.

Even tough I think prices are not going up soon (it could, it might not, we don't know) I also think you are wrong too. I mean just because price is low and it dropped a bit doesn't really mean it will continue to go down. It can recover and go up by a big number as well. Hence I think we should say that we have no idea what will happen to bitcoin.

The real problem comes with the uncertain things if you ask me. If we know what will happen in the future (even if not the price but everything else) we can calculate what the price could be, however during bitcoins life there is always unexpected things that happen changing the price and honestly there is absolutely nothing we can look forward to that can take the price higher or lower hence we are just "waiting" right now.

This theory can be stupid, prices can drop more before they start to rise, anyway we cant deny positive side of this comment, lets be honest its what everyone with some coins wish to happen. This world is very corrupted, 10 years of crypto are to short, we need more time. Do you see governments across the world, what banks do in every country, who can tell me that this world is normal when kids are dying from starvation, people are still slaves, working for couple dollars, while some people are billionaires. Crypto can change many things, will it happen or not its a big question, we will need to wait and see, but I hope for the best.

[Herbert2020]

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?

Your theory is kinda stupid.
The prices aren't waiting for anything.The whales are waiting,which leads to all the other traders waiting.
The market is waiting and this helps the bears,because if they start mass selling btc,the price will go down for sure.

Yeah, it's more of the other way around and as we can observe with what's been happening the last 48 hours, it's by far not going upwards. We may yet see another new low since the 2017 run. A stagnant movement in a price this low can take the guts out of potential new investors.

Even tough I think prices are not going up soon (it could, it might not, we don't know) I also think you are wrong too. I mean just because price is low and it dropped a bit doesn't really mean it will continue to go down. It can recover and go up by a big number as well. Hence I think we should say that we have no idea what will happen to bitcoin.

The real problem comes with the uncertain things if you ask me. If we know what will happen in the future (even if not the price but everything else) we can calculate what the price could be, however during bitcoins life there is always unexpected things that happen changing the price and honestly there is absolutely nothing we can look forward to that can take the price higher or lower hence we are just "waiting" right now.

This theory can be stupid, prices can drop more before they start to rise, anyway we cant deny positive side of this comment, lets be honest its what everyone with some coins wish to happen. This world is very corrupted, 10 years of crypto are to short, we need more time. Do you see governments across the world, what banks do in every country, who can tell me that this world is normal when kids are dying from starvation, people are still slaves, working for couple dollars, while some people are billionaires. Crypto can change many things, will it happen or not its a big question, we will need to wait and see, but I hope for the best.

the only problem that we are facing when it comes to price rise is what you just said here, and that is purely greed not speculation. everyone is currently uncertain about the rise and fall. but they are more than happy to be greedy and wait for a lower price to buy so that they can make a bigger profit.
it has always been like this after a big drop too. everyone becomes scared and stands down watching for the "absolute bottom" to buy in and 95% of them miss out buying at the bottom let alone that absolute bottom and they end up buying at a higher price.

[aris av]

Bitcoin does have the possibility to increase and reach a price of 20k, but you have to have the patience to wait for the time to come, and I think to make that recovery will take a long time.

[EatonABooger]

Bitcoin does have the possibility to increase and reach a price of 20k, but you have to have the patience to wait for the time to come, and I think to make that recovery will take a long time.

20k ain't going to cut it...
those of us who have lived thru the rise of 20k - and did not sell - are not just going to accept it rising only to 20k.
We demand restitution for the pain and suffering (the salt loans that were liquidated, the business deals that had to fall thru, us looking like fools saying "yeah, no problem, I can close in a few weeks", then having to back out and pay the cancellation fees.

Noooo sir... 20k will just be the start of making us feel better... it will have to do better than that.

I was invited to 100k parties - and I intend to make an appearance.  

[exstasie]

Using Tim West's TAM system, we formed a ~2-week mode around $3,600. When we broke down from that mode 2 days ago, it triggered a downtrend and I wouldn't have been surprised to go right back to $3,100.

The fact that we're just meandering around $3,400 and not dropping suggests bears are failing. If we break the $3,475 local high I'll probably flip back to being bullish. I'm still waiting for my wave up to the $5,000s....

[bitbunnny]

I think that currently no one can't predict how the price will move in the next period. Many are also reluctant to predict any price rise and especialy not some big explosion, it's just not realistic. It's more likely that the price will stay in current range at least by the end of first quarter and investors are still very careful. Still my opinion is that everyone is too much focused on price only and the more time will pass and expectations will not be fulfilled, the more users will be disappointed with possibility to quit Bitcoin.

[dodgrad]

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?

If this is the beginning of the journey to $20000, it will last a very long time, because I think we have no chance for a new ATH in 2019. After such a difficult period, we need several months of stabilization so that investors return with fresh money.

[Gidday]

Yeah mate, I think we are going towards a new ATH. Looking forward to that!

[zhekinsp]

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?

Two possibilities either the price bumps and bull run will gets started or we are going to face another dump.But its all for the short term youmay get the chance of price increase in long term.

[deisik]

Using Tim West's TAM system, we formed a ~2-week mode around $3,600. When we broke down from that mode 2 days ago, it triggered a downtrend and I wouldn't have been surprised to go right back to $3,100.

The fact that we're just meandering around $3,400 and not dropping suggests bears are failing. If we break the $3,475 local high I'll probably flip back to being bullish. I'm still waiting for my wave up to the $5,000s

I don't mind you waiting, bro

And while you patiently wait for the rise, I will continue shorting everything which has price above 100 dollars using regular Bitcoin as a cover for my shorts, and will probably even add a little to my small Bitcoin short position as well on the way up (provided the surge to 5k ever comes about). I have a strong feeling that all altcoins will soon be worth no more than 50 dollars per coin (I mean the ones which are higher than that price at the moment)

[eaLiTy]

If this is the beginning of the journey to $20000, it will last a very long time, because I think we have no chance for a new ATH in 2019. After such a difficult period, we need several months of stabilization so that investors return with fresh money.

There is no way we will touch the all time valuation this year but we will see the recovery process by August and that is what i am looking forward to, but i do have a doubt whether the market will go down from this situation before the recovery process, i saw some predictions calling for sub $3k before the market recovers for the next rally and with the halving coming up i expect the price to climb gradually before the explosion possibly next year or by 2021, either way i am bullish in the long term.

[jakezyrus]

When i hear the word explode the first thing that comes to my mind is increasing in an un control manner but what i see right now is the opposite  .  bitcoin is explodding in a reverse manner because the price is decreasing from time to time   .

Yeah mate, I think we are going towards a new ATH. Looking forward to that!

I dont know if you are still checking the price of cryptos these days  or you are just blinded by the truth  .   we arent going to ath but we are rather going to atl .

[Distinctin]

When i hear the word explode the first thing that comes to my mind is increasing in an un control manner but what i see right now is the opposite  .  bitcoin is explodding in a reverse manner because the price is decreasing from time to time   .

Yeah mate, I think we are going towards a new ATH. Looking forward to that!

I dont know if you are still checking the price of cryptos these days  or you are just blinded by the truth  .   we arent going to ath but we are rather going to atl .

Yes, we are in the declining scheme and yet, preparing for another spike isn't on that way. I know people are still expecting for skyrocketing and they keep that in there mind just to give them hope and encouragement. We can't stop them to think like that since they are inspiring their self.
In the state of our market today, definitely its hard to make another ATH again.

[greensheep]

Well I think it is not going to happen this quickly...
The price needs to settle down (which is what it is currently doing) and keep it's ground.
However we will only be sure where the bottom was once we're past it and look in the rear mirror.
One would think with all the Bakkt, ICE, nasdaq things in the pipeline on pirce will only rise...
I'm thinking  2019 Q4 could be when things turnaround

[budiarmed]

Bitcoin is still likely to pump but for the price of 20k it is still difficult to occur because the market is still very weak.

[Dodoymabs]

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?

Two possibilities either the price bumps and bull run will gets started or we are going to face another dump.But its all for the short term youmay get the chance of price increase in long term.

Nothing can still be sure about it because we know BTC always behaves unnaturally. Whatever comes, we should always be prepared about it and think positive so that it may have some hope of a better results.

[chulos]

Hello, the way to 20k $ is still long and demanding. We will get through gradual steps and overcoming borders /5k - 10k .../ that do not come so soon.
Despite constant criticism and great competition from other cryptos, Bitcoin undeniably has its benefits, ensuring its value will continue to rise. Perhaps for decades.
The question is, how long will it take to get to $ 20k.

[wxa7115]

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?

No, people have been speculating this for some time and I am sure that if that does not happen we are going to have the same discussion during the next month and the month after, the market is not going to move exactly as it did in the past, we are going to need years for the confidence of investors to comeback to the market since they are not going to forget that easily about the huge crash they saw or experimented so a bull run does not make sense now.

Remember the bull market is created by the people and if you take the time to read articles over the Internet about the future of cryptocurrencies you will see that many people are not as positive as before about the future of this market.

[gabmen]

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?

Two possibilities either the price bumps and bull run will gets started or we are going to face another dump.But its all for the short term youmay get the chance of price increase in long term.

Nothing can still be sure about it because we know BTC always behaves unnaturally. Whatever comes, we should always be prepared about it and think positive so that it may have some hope of a better results.

Well i think that if ever there's still going to be a decline, it's not going to be as bad as the previous ones. We have little room to go down now and what's left is for us to move upwards. It's just that we may head that direction slowly and lazily unlike the aggressive run we had last 2017. I doubt if we'll see many runs like that again.

[btc_angela]

We are still very far from the last all-time-high. So I don't know how will the price explode again. What we need is institutional money to flow again. However, it's not easy as it sounds, it looks like they're all waiting and not willing to go in because there's no catalyst whatsoever to push the price again.

So it will take a lot of time to even get to 5 digits. The good thing though about this market is that we only need one positive news that will really catapult the price to even go higher than the previous all-time-high. Probably 2-3 years down the line, the price could explode but not this year though.