bitcoin finally crossed $4000

[boty]

The journey is still very long and the opportunity for Bitcoin prices to increase is still very wide open, we are all in good condition and therefore we all still have hope that Bitcoin prices will rise again. Bitcoin prices are still at the level of 4,000USD, but it is likely that the increasing trend will continue. We need to be patient and be sure that Bitocin will give a lot of surprises. Many dreams come true and Bitcoin always changes the impossible to become a reality.

to be able to make the price of bitcoin increase in price it does not require a very long time, you should be able to see when the moment of price movements that occur at the end of 2017, when looking at bitcoin, the price is still touching the $4k level back bouncing hard up someday.

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1715297175

[sarfield]

In this month it's still difficult to survive above $4000, maybe in March $4000 will be support line
just wait what will happen on February 27

Let's wait, the market will improve, bitcoin will reach more than $ 4000. Now it has reached $ 3900 more so that in the near future it will certainly be able to reach that level. Bitcoin travel is long and will develop well.

[Question123]

In this month it's still difficult to survive above $4000, maybe in March $4000 will be support line
just wait what will happen on February 27

Anytime soon we can probably see the value of the bitcoin at the $4000 and that's good improvement to go back again the investors who leave the market because scared for the dumping price. Let's takes bitcoin time to increase the value of it's self and to show again thw shining of what they have done last 2017 and better to happen again. In the month of March bitcoin price will become more better and higher.

[deisik]

CME futures expire today 04:00PM forum time, so we might be up for something. It really looks like the price wants to go up from where we are right now, and CME might give Bitcoin that extra push. CME's volume is twice that of Coinbase Pro, so for people thinking they don't have any importance here, think again.

but the volume has no relation to the spot market. there's no way to arbitrage, there's no physical delivery. the CME market is basically like trading a CFD. it's totally isolated from the market. there's no way it could lead the price. so it's not really important

Wasn't it you who had been arguing with me on that issue in the past?

If I remember correctly, you were claiming that the amount of gold derivatives to be physically delivered (if not sold before the expiry) by far exceeded the amount of gold in the vaults, were you? In this manner, they could be considered paper gold only, yet that massively affected the gold spot price. Now you are saying a completely different thing, like 180 degrees different. How come? 

i'm much more concerned about bakkt because physical delivery = real effects on supply and demand

That goes without saying. But other people are still saying that they are going to issue more Bitcoin certificates that they will have bitcoins in their custody. Then we are instantly back to square one

[Aqualung89]

Bitcoin Price of Passing the $ 4,000 is actually a very important case, though the fact that the situation stabilized bura important event. Market stability, particularly the need to continue this supposed to be going to be a continuation of this upward.

[miningguru]

It is there at 4000$ for some minutes but suddenly the price of Bitcoin has fallen to 3925$ and it seems many people are selling the bitcoin at the 4000$ level. Before that the price of Bitcoin should be stable at 3950$ above and after some the price of Bitcoin will easily cross the value of 4300$ mark.

[ethereumhunter]

It seems we need to see bitcoin crossed $4000 in many times and then down for a moment to gets up again. I look in the bitstamp and bitfinex, there is a big gap for the price, and I think there are many people who make arbitrage trading because they see a big profit in front of their eyes hahaha

If you want to try with arbitrage trading, you need to be careful with the time of the transaction, and I am sure that you don't want to see your bitcoin will come too late so you cannot make a profit.

[DeathAngel]

$3,933 on Stamp as I type this, we are seeing $4,000 act as a strong resistance point. Hopefully it gets broken soon.

[Oasisman]

It looks like Bitcoin had a hard time breaking through $4k. It broke multiple times already, but hadnt stay there long, we're somehow stable at $3.9k, good thing it didnt fall below that. I think, a lot of people are selling at $4k causing the price to drop again.

[sarmrakib]

Really we were waiting for a bull run what just happen recent days .However the price is looking so stable on around 4000$ .Now  the question is, what the next level is ?? I am waiting for a huge bull run on next and keep it on the whole year .

[mindrust]

Really we were waiting for a bull run what just happen recent days .However the price is looking so stable on around 4000$ .Now  the question is, what the next level is ?? I am waiting for a huge bull run on next and keep it on the whole year .

Don't just look at the price. Also look at the trading volume it is %50 higher than the usual ~$5b daily volume.

This trading volume is not generated by the sellers, it is the buyers this time.

[roycilik]

Wuuuut
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points

[seoincorporation]

Wuuuut
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points

even close to $4200 now and going up!

I try to find some relevant information on the news but i can't explain the bump, lets see how high it goes.

[Ipwich]

Wuuuut
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points

even close to $4200 now and going up!

I try to find some relevant information on the news but i can't explain the bump, lets see how high it goes.

If you cannot explain it, that means price is due for bullish trend and people will start to FOMO now.
Hopefully things will continue to stay green, it's love month so crypto give us some love.

[STT]

Take it on a wider time frame I think you will get less spiky readings.    But I guess its right, its reflecting that we broke upwards.   I use OBV not RSI as OBV will include volume as part of its measurement

[jakezyrus]

It looks like Bitcoin had a hard time breaking through $4k. It broke multiple times already, but hadnt stay there long, we're somehow stable at $3.9k, good thing it didnt fall below that. I think, a lot of people are selling at $4k causing the price to drop again.

Yes people are waiting for the price to cross over 4k until they decide to dispose their coins , thats why its normal for the price to drop again at 3.9'ish levels   . though thats okay  . that is just a small difference  , what more important is that the price of btc now is more stable than compare to previous weeks   . 

[Caladonian]

It looks like Bitcoin had a hard time breaking through $4k. It broke multiple times already, but hadnt stay there long, we're somehow stable at $3.9k, good thing it didnt fall below that. I think, a lot of people are selling at $4k causing the price to drop again.

Yes people are waiting for the price to cross over 4k until they decide to dispose their coins , thats why its normal for the price to drop again at 3.9'ish levels   . though thats okay  . that is just a small difference  , what more important is that the price of btc now is more stable than compare to previous weeks   . 

It's now more than 4k$ and still moving up, those who disposed their coins after reaching 4k$ are surely regretting as the movements still showing strong,
still looking upward and with those incoming news, investors will start to show up again and make this run much stronger, looking forward to see higher
value and start the real bull.

Keep it coming and make it more higher, reversal as possible to pumped up.

[Shinpako09]

Happy to see btc breaking $4k. Finally some positive vibes happen and it's been a long time since we have this. It's fine for me even if it's not the start of bull run yet atleast we got a rise already from a long wait but of course it's better if it would be. I'd rather choose a slow rise tho.

[rdbase]

It is there at 4000$ for some minutes but suddenly the price of Bitcoin has fallen to 3925$ and it seems many people are selling the bitcoin at the 4000$ level. Before that the price of Bitcoin should be stable at 3950$ above and after some the price of Bitcoin will easily cross the value of 4300$ mark.

This is what people who are trading on the price rely on when leveraging their bitcoin on these platforms like bitmex use to gain the advantage.
When it crosses a certain level such as $4000 then everybody starts to put in their price to buy knowing it will fall a bit but then rise up as it did right after you posted.
Hopefully we will see the $4300 price tomorrow as you predicted it should cross soon.

[figmentofmyass]

but the volume has no relation to the spot market. there's no way to arbitrage, there's no physical delivery. the CME market is basically like trading a CFD. it's totally isolated from the market. there's no way it could lead the price. so it's not really important

Wasn't it you who had been arguing with me on that issue in the past?

If I remember correctly, you were claiming that the amount of gold derivatives to be physically delivered (if not sold before the expiry) by far exceeded the amount of gold in the vaults, were you? In this manner, they could be considered paper gold only, yet that massively affected the gold spot price. Now you are saying a completely different thing, like 180 degrees different. How come? 

no, you're just confusing two different ideas.

the CME market = cash-settled contracts. there is no direct relation to the bitcoin markets. there is no physical settlement, no physical backing, no spot buying/selling/transferring, nothing. these are not "paper bitcoins" at all, thus not comparable to "paper gold".

i'm much more concerned about bakkt because physical delivery = real effects on supply and demand

That goes without saying. But other people are still saying that they are going to issue more Bitcoin certificates that they will have bitcoins in their custody. Then we are instantly back to square one

that's precisely why it's a scary proposition. if traders treat bakkt futures as a purely speculative market (ie withdrawing very few bitcoins from bakkt's custody), then we're likely to see lots of supply dilution via rehypothecation. that's how central counterparties (like bakkt) make money.

this can't happen in cash-settled markets because there is no bitcoin collateral for CME or CBOE to rehypothecate. everything is 100% settled in cash so there is no risk of "paper bitcoins" diluting the supply.