Bitcoin is currently in an uptrend reversal.

[BitcoinNewbie15]

I am still surprised by the rapid growth of the cryptocurrency market. With each hour, Bitcoin, ethereum and other cryptocurrency grow very quickly in value. Within a few hours, bitcoin rose in price by about $ 200, to $ 3,932, and ethereum from $ 127 to $ 146. I wonder how events will continue to evolve further. Is it just a price surge or the beginning of a bull market?

It does look like a potential bull market has started, but it is still way too early to tell. In reality, there still is a lot of potential for this to be a bull trap and there could be another leg down waiting to happen. These gains are nice, but still minimal. I'd say we would need a rapid breakout above at least $4500 before we call an end to this downtrend.

[1714607317]

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[figmentofmyass]

it looks ready to pop to me. bears keep trying to jack knife it down and bulls keep buying it up. good volume on this last retest of the highs too. a move into the $4000s definitely seems possible now.

i'm not sure about "reversal" yet though. it'll take many months to confirm that. this could just be a bull trap before new lows too.

Or it's the whalecumulators applying the pressure to control the price down whenever the plebs are trying to buy and push the price up.

The whalecumulators do not want lowly plebs to have "control" of the market while they are accumulating.

maybe, but the reality is that sometimes whales get harpooned. when they try to dump and rebuy lower, sometimes it doesn't work out---price wicks down and quickly recovers. and they end up losing lots of coins when they have to market buy higher.

[jvdp]

You do well if you bought bitcoin yesterday. Also the altcoins went up. Pity i do not have much money now to invest. I still keep my coins, and still waiting for more growth.
An increase of $ 400 on bitcoin is a nice growth. Cheaply buy, more expensive to sell.

The market was continuously moving uptrend so this make good noise in crypto market. Current scenario of Bitcoin is move to positive uptrend and marketcap is gradually increase in the market.
If you do not have try to participate in day trading because many tokens are move to jump so you will earn decent profit in every day.

[BrewMaster]

You do well if you bought bitcoin yesterday. Also the altcoins went up. Pity i do not have much money now to invest. I still keep my coins, and still waiting for more growth.
An increase of $ 400 on bitcoin is a nice growth. Cheaply buy, more expensive to sell.

The market was continuously moving uptrend so this make good noise in crypto market. Current scenario of Bitcoin is move to positive uptrend and marketcap is gradually increase in the market.
If you do not have try to participate in day trading because many tokens are move to jump so you will earn decent profit in every day.

no you won't just make profit if you decide to "participate in day trading" without any prior experience. that is how people end up losing a lot of money.
to do day trading you first need to spend some time studying this market and gain some experience and then start putting some real money in and do trading. specially when it comes to altcoins that are purely pump and dumping so you need to become familiar with their signs.

[mostcrack]

I don't know whether this upward trend will continue until the bitcoin price returns high, or just because there are certain news. what is clear, don't be too happy to see the current market, because the possibility of going down is still there. keep watching don't get hit by FUD.

[Theb]

Right now I can confirm that we are on a short term reversal as we are currently $550+ up from its present lowest point. The only problem is to confirm that we are really on a up trend we must see Bitcoin breaking major resistances above 4,000$, the nearest resistances we have is the 4,000$ and 4,200$ level which if broken we might see Bitcoin enter another consolidation level that's if we fail to go above 5,000$. Happy to see Bitcoin have a big move like this and I hope this is not just one of those price rallies happening in the bear market.

[Wind_FURY]

OP, be careful. The whalecumulators are scanning these topics daily, and will unleash the FUD, followed by crashing the price once they smell some bullishness from the plebs.

I'm no conspiracy theorist, but this post made me chuckle a bit--and it's also nice to see bitcoin up around $3800 too.  Seems like the price has been very flat for way too long, though I'm far from certain this isn't just random fluctuation.

Whales don't read this forum unless they're the old guard who were here in the beginning.  The newer money folks couldn't care less about a discussion forum; they want a quick profit and likely don't care about the bitcoin community.  They'd probably find it extremely caustic if they ever did visit bitcointalk and would run screaming, never to return.

I would chuckle when the next fabricated FUD is spread all over Bitcoin land, then followed by a crash back to $3,200. The first word in my mind will be "whalecumulators".

[Herbert2020]

OP, be careful. The whalecumulators are scanning these topics daily, and will unleash the FUD, followed by crashing the price once they smell some bullishness from the plebs.

I'm no conspiracy theorist, but this post made me chuckle a bit--and it's also nice to see bitcoin up around $3800 too.  Seems like the price has been very flat for way too long, though I'm far from certain this isn't just random fluctuation.

Whales don't read this forum unless they're the old guard who were here in the beginning.  The newer money folks couldn't care less about a discussion forum; they want a quick profit and likely don't care about the bitcoin community.  They'd probably find it extremely caustic if they ever did visit bitcointalk and would run screaming, never to return.

I would chuckle when the next fabricated FUD is spread all over Bitcoin land, then followed by a crash back to $3,200. The first word in my mind will be "whalecumulators".

i hate to admit it but i am also expecting this to happen! although i don't think there is much FUD and push down left in the market to be able to "crash" the price anymore but i think we can very well see it happen again and again until price breaks out above $4000-$4500 and by that time the rise can be out of control and unpreventable.

[2chase]

I see that many people are still experiencing big doubts about the fact that Bitcoin will continue to grow. I fully understand their position - they just lost all faith. But despite this, I still think that Bitcoin will not fall below 3800. Even if this happens, then for a short time, and after that, the price will continue to rise.

[South Park]

You don't really need any further TA or rocket science in order to know that we are already at critical levels when it comes to how much a nocoiner can stand on the sidelines waiting with their fiat bags to get in at a perfect price.

We may have another leg down? yes, but so what, it's already reached the %85+ from the peak from the 4-year cycle, at this point it's all a big gamble in how much they want to risk for increasingly delusional low prices. If we go lower and we see another leg down to $1xxx it will be fast and sharp, probably too much to benefit from it. I would start buying now and continue buying if it goes lower instead of gambling it on an all-in deal.

unfortunately in bitcoin only whales and bigger traders think like this. others which make up for a big part of market too, don't and they instead prefer waiting and then doing a FOMO buy which is why we have always seen a rise like this where the signs of a rise come out and the rise begins then as it reaches a certain level we see a big wave of FOMO buyers rush in to buy after missing all the great opportunities and then the result is a sharp rise with a big ass green candle on the charts!

You are correct but that is their problem, if people are too lazy to learn about how the market moves and how to take a position early so they get benefits then that is their problem and they will have to face the losses that will come their way by ignoring the market, those are the same people that later will complain about the power of the whales or speculators when they are in fact doing the same with the difference they are not good at it at all.

[dothebeats]

Price seemed to have staled since, as we really not have seen any major movements on bitcoin prices, just a few small swings here and there. If this was indeed an uptrend reversal, we would be seeing a broken $4000 resistance and prices beyond the said point, but no, we haven't. Too early to confirm a trend reversal, and definitely no signs telling us that we are indeed correct. I'll stay where I'm at right now and wouldn't take a huge confidence on this recent rise yet, as this could easily be a bull trap for all we know.

[exstasie]

Price seemed to have staled since, as we really not have seen any major movements on bitcoin prices, just a few small swings here and there. If this was indeed an uptrend reversal, we would be seeing a broken $4000 resistance and prices beyond the said point, but no, we haven't.

Price is consolidating right below the highs, which is usually a sign that a rally will continue.

I don't think it's a true long term reversal but I think we'll go higher than $4,000. We could see a test of the 200-day MA which is at ~ $5,100 and falling. Ultimately I think it's a bull trap though.

[Slow death]

I'd buy Bitcoin right now at any price!

the price was $3100 to $3300 and some people said that it was not the right time to buy and they should wait, so the price goes up from $3300 to $3800 and people say it's time to buy? where is the basic rule: "buy low and sell high?"

We could see a test of the 200-day MA which is at ~ $5,100 and falling. Ultimately I think it's a bull trap though.

I think very difficult to see the  $5000 as early

[pooya87]

I'd buy Bitcoin right now at any price!

the price was $3100 to $3300 and some people said that it was not the right time to buy and they should wait, so the price goes up from $3300 to $3800 and people say it's time to buy? where is the basic rule: "buy low and sell high?"

We could see a test of the 200-day MA which is at ~ $5,100 and falling. Ultimately I think it's a bull trap though.

I think very difficult to see the  $5000 as early

that's the thing though, as you said in the first part of your comment there has been a lot of people who were waiting for a lower price to buy and said prices like $3200 is not the bottom. what that means is that there currently are a lot of people with fiat in hand waiting to come in.
in scenarios like this, as soon as we see a rise, all those people jump back in and create a sharp rise. so $5000 is an easy thing to happen. it wouldn't have anything to do with "bull trap" though!

[Wind_FURY]

OP, be careful. The whalecumulators are scanning these topics daily, and will unleash the FUD, followed by crashing the price once they smell some bullishness from the plebs.

I'm no conspiracy theorist, but this post made me chuckle a bit--and it's also nice to see bitcoin up around $3800 too.  Seems like the price has been very flat for way too long, though I'm far from certain this isn't just random fluctuation.

Whales don't read this forum unless they're the old guard who were here in the beginning.  The newer money folks couldn't care less about a discussion forum; they want a quick profit and likely don't care about the bitcoin community.  They'd probably find it extremely caustic if they ever did visit bitcointalk and would run screaming, never to return.

I would chuckle when the next fabricated FUD is spread all over Bitcoin land, then followed by a crash back to $3,200. The first word in my mind will be "whalecumulators".

i hate to admit it but i am also expecting this to happen! although i don't think there is much FUD and push down left in the market to be able to "crash" the price anymore but i think we can very well see it happen again and again until price breaks out above $4000-$4500 and by that time the rise can be out of control and unpreventable.

See? The price rallied to $4,000, then what happened? The whalecumulators sold big on the plebs right when they started to be more optimistic. Hahaha.

[r_uyab]

yes, I think now the price and development of bitcoin is currently increasing, so for them bitcoin is also a good investment to use in the long run, so I believe they will also get more profits in the future.

[Idrisu]

That is truth and we actually needs to break the current channel of $3700 and $4250 for us to be able to see a strong bullish or bearish trend.  In other to make progress we must invest with uncertainty in mind as the market is not showing a sign of strong bull run.

[talkbitcoin]

That is truth and we actually needs to break the current channel of $3700 and $4250 for us to be able to see a strong bullish or bearish trend.  In other to make progress we must invest with uncertainty in mind as the market is not showing a sign of strong bull run.

it don't think a "strong" bearish trend is possible anymore. mainly because of the length and size of the drop. ATH may not be the best point of comparison but you can't stop people from seeing the 85% drop so far and consider anything below it an extremely cheap price.
on top of that, if price goes any lower than this, it can effectively mean all the rise that we had during 2017 and part of 2016 was total crap which clearly was not and it was a solid rise and solid rises create bottoms that can not be broken.

[fullhdpixel]

I believe this is the best time to enter into the market if one as not made purchase of bitcoin already because i believe that we have already gotten to the lowest point in regards to the price of bitcoin and all we can now expect is a bull run and nothing more, so i advise that everyone should make purchase now before it would be too late and you will start to have regret like how some of us did in the pass.