Here we go. Bitcoin ripping through $4000

[davis196]

In the short term it's a bull trap.In the long term is just moving to the next ATH.So it's both.
Many desperate unpatient noob traders will feel some relief during this price increase,but don't get too excited.The price always goes down during the summer.

[pooya87]

there is still leftover fear in the market which is a natural thing after a long downtrend with lots of manipulation which is why this is not yet a breakout but instead a slow rise as the demand is increasing. what i expect is the same trend to last for a little while and possibly some corrections along the way but the only possible next step is a sharp rise after this as that leftover fear goes away and those who missed the chance to buy at the bottom (for any reason like waiting for a lower price) would rush to buy bitcoin because they fear missing out.

[BitHodler]

Can we call it as recovering after the long wait,the current prices are very low when compared to all time high prices but when the prices bumping gradually it won't bring any doubt that is bull trap so definitely going to moon on coming days.

It's definitely not a recovery. I want to see the market test levels over $4300 before I can start to look at what might happen next. As long as we don't break that level, the rejection following will tank the price back to sub $4000 levels.

Overall, people should stop focusing on 2017s all time high because of the madness that was going on back then. We don't have that retarded level of demand emptying the spot market anymore.

Currently we're dealing with people selling to secure even the smallest profit percentages, and that's very difficult to buy through without something sparking a rally. Conservative is what we should be, because we've been fooled before....

[exstasie]

It's in line with late Dow Jones increase. We'll yet to see how Bitcoin copes with global economy recession.

Yep, I think it'll be a while too. As I expected, the V-bottom recovery in stocks was incredibly strong. All the doomsday predictions were wrong. We're probably in for more harsh volatility, but I think the great recession everyone is expecting has been delayed for a few more years.

All in all, that's good news for Bitcoin. I think a global economic contraction would spell disaster for most markets, especially speculative assets like Bitcoin.

[Question123]

Most of the crypto investors are now watching the market or chart of it because they are happy to see the rising again of the bitcoin finally we hit again $4000 and it is good started and sign to rise more the value of the bitcoin and not to decrease anymore the price.
For sure a lot of people who investing in the month january and December are earn few profit and they contented now and maybe they invest more to up more the price.

[thecodebear]

It was obvious that was a bull trap if you wanna call it but really just a normal part of the bottom phase bitcoin is in. Sometimes it will get a pump and sometimes a dump, doesn't mean the price is gonna launch up or crash down. We're 3+ months firmly in the bottoming out phase in the $3000s and we should expect plenty more months to come of this price range.

[Supercrypt]

It is not even falling or staying still, I love seeing bitcoin this way. Its not fighting to beat 4200 levels, if it can go above that I think its quite possible we can hit something above 4500 dollars for the first time since the bitcoin cash war happened. We really need these type of increases because going down from 4000 back to 3400 is still possible and means we are not safe from the bottom yet however if we go above 4500 its highly doubtful we could go back to bottom once again.

I think if we go above those levels bottom of 4 thousand would be a new bottom for us and as long as we don't go below 4k I would be really happy. It is still not certain and we can ran out of gas at any moment but it looks like the bull is on its way or already came and that is something we have missed so much.

[MarcusGates]

After breaking $4100, we are back to $3700.

Logical after the dump by short sellers.

This time next week we will be well above $4500 and into steady climb

[magneto]

It doesn't really surprise me at all that this dump has came. It's quite a routine bull trap, but the size is honestly negligible so it shouldn't cause much panic.

People act like that the bull market is already established, and I personally think that the truth is far from that. Market sentiment, even though there has been a drastic injection of bullishness, remains to be overall, quite bearish. Also, there is significant resistance at the $4k level that has obviously led to prices moving sluggishly.

This is why I personally think that right now is still a great accumulation stage. You're going to see these periodic dips in value because there is still quite some uncertainty within the market, and if you buy periodically you can certainly take advantage.

[nc50lc]

See? Like I've said in the first page (when it was still $4k+), there are still a lot of missing hype drivers for this to be a Bull Market.
Unless the newbies can follow the news and current events, they will not be surprised from Bull traps like this.

Of course, seasoned veterans already knew this and hopefully sold @ $4k.

[Jating]

It was obvious that was a bull trap if you wanna call it but really just a normal part of the bottom phase bitcoin is in. Sometimes it will get a pump and sometimes a dump, doesn't mean the price is gonna launch up or crash down. We're 3+ months firmly in the bottoming out phase in the $3000s and we should expect plenty more months to come of this price range.

Call it a bull trap but it seems that there's someone who manipulated the price of bitcoin again. Anyways, at least there's a indication that investors are still willing to put their money on the market.

After breaking $4100, we are back to $3700.

Logical after the dump by short sellers.

This time next week we will be well above $4500 and into steady climb

I thought short sellers are very nervous when the price went as high as $4200, because if might signal a bull run. but damn majority of us are wrong. Let's wait, at least for the end of the month and see how everything goes.

[Ipwich]

It was obvious that was a bull trap if you wanna call it but really just a normal part of the bottom phase bitcoin is in. Sometimes it will get a pump and sometimes a dump, doesn't mean the price is gonna launch up or crash down. We're 3+ months firmly in the bottoming out phase in the $3000s and we should expect plenty more months to come of this price range.

Call it a bull trap but it seems that there's someone who manipulated the price of bitcoin again. Anyways, at least there's a indication that investors are still willing to put their money on the market.

That's good enough to know, we cannot rush things, it's not bullish yet and it's confirmed.
Traders have different intention, there are shorters and there are people who are willing to long, so they contradicted and the strong one wins.
For us long term investor, there's always a chance but it's not like before that we will see x100 price increase in a short time, it will take time now.

[MarcusGates]

It was obvious that was a bull trap if you wanna call it but really just a normal part of the bottom phase bitcoin is in. Sometimes it will get a pump and sometimes a dump, doesn't mean the price is gonna launch up or crash down. We're 3+ months firmly in the bottoming out phase in the $3000s and we should expect plenty more months to come of this price range.

Call it a bull trap but it seems that there's someone who manipulated the price of bitcoin again. Anyways, at least there's a indication that investors are still willing to put their money on the market.

That's good enough to know, we cannot rush things, it's not bullish yet and it's confirmed.
Traders have different intention, there are shorters and there are people who are willing to long, so they contradicted and the strong one wins.
For us long term investor, there's always a chance but it's not like before that we will see x100 price increase in a short time, it will take time now.

Judging from all the news and hype that is building, it sure seems like we are entering a new cycle. Even tho I think the bottom will be around $2000 and after that, slow and steady growth.

I've seen a lot of people coming back who were literally gone the entire 2018. Something brought them back.

A quote from Hobbit "The birds are returning to the mountain".

[teilwalL05]

Judging from all the news and hype that is building, it sure seems like we are entering a new cycle. Even tho I think the bottom will be around $2000 and after that, slow and steady growth.

I've seen a lot of people coming back who were literally gone the entire 2018. Something brought them back.

A quote from Hobbit "The birds are returning to the mountain".

Maybe we are entering one, But the correction is the most highly unlikely to happen all the time a pump would peak, And In my opinion, this would settle for another drop this year, And come on the price is always like this we should always get prepare for it Bitcoin will never stop being highly volatile, But on 2018 that is the start of the bearish market and we are just in the middle of this event in my opinion, We may see pumping price right now then it is a good opportunity to trade back again even though I am seeing dropping of the price up to $2000 USD But yes the birds sure is returning to the mountain but in the future years to come.

[wendiar19]

It doesn't really surprise me at all that this dump has came. It's quite a routine bull trap, but the size is honestly negligible so it shouldn't cause much panic.

People act like that the bull market is already established, and I personally think that the truth is far from that. Market sentiment, even though there has been a drastic injection of bullishness, remains to be overall, quite bearish. Also, there is significant resistance at the $4k level that has obviously led to prices moving sluggishly.

This is why I personally think that right now is still a great accumulation stage. You're going to see these periodic dips in value because there is still quite some uncertainty within the market, and if you buy periodically you can certainly take advantage.

most of those who do not know what makes the price of dump maybe they will panic and join in selling their assets at a low price, but for traders who have had a lot of experience about such dumps they will remain calm.

[slashz9]

i think is still bulltrap,no matter if he experiences price increases, I think the market still takes a little longer to start rising again.
so I still doubt this short rise.and also in my opinion the price will drop again maybe 2,500 $ and from there it will slowly rise at least 1 or 2 years.

[pooya87]

It was obvious that was a bull trap if you wanna call it but really just a normal part of the bottom phase bitcoin is in. Sometimes it will get a pump and sometimes a dump, doesn't mean the price is gonna launch up or crash down. We're 3+ months firmly in the bottoming out phase in the $3000s and we should expect plenty more months to come of this price range.

Call it a bull trap but it seems that there's someone who manipulated the price of bitcoin again. Anyways, at least there's a indication that investors are still willing to put their money on the market.

there wasn't any "traps" or even "manipulation" this time that price went back down. it is simply the normal market behavior at this point where an initial price rise after a big drop is not strong enough to break through a resistance like $4k that easily so it comes back down specially when you consider the number of short term traders who have been trading for 3-5% profits suddenly saw the >10% profit and started selling there. that easily brings the price back down.
and as i said above there is some leftover fear that prevents fresh money coming in for the time being until the uptrend repeats again.

[Caladonian]

It doesn't really surprise me at all that this dump has came. It's quite a routine bull trap, but the size is honestly negligible so it shouldn't cause much panic.

People act like that the bull market is already established, and I personally think that the truth is far from that. Market sentiment, even though there has been a drastic injection of bullishness, remains to be overall, quite bearish. Also, there is significant resistance at the $4k level that has obviously led to prices moving sluggishly.

This is why I personally think that right now is still a great accumulation stage. You're going to see these periodic dips in value because there is still quite some uncertainty within the market, and if you buy periodically you can certainly take advantage.

most of those who do not know what makes the price of dump maybe they will panic and join in selling their assets at a low price, but for traders who have had a lot of experience about such dumps they will remain calm.

Remain calm and take the opportunities to buy more, experienced traders knows how to read and analyze how the market is behaving and
how they can take the edge whether for short or long term investment, knowing how to protect your assets is very important so proper studying
and researching is a must.

Bull or trap, always protect your investment by doing your own observations, make sure to always be ready with any situations so you can adopt
quicker and adjust setting up your plans.

[Siren]

Well atleast we taste another growth again even in just a short period of time because after 4 days of green market,now again were in reddish values

For me this is better enough for people to realize that we must not believe the small movement instead we must look for longer and higher before getting along again,because just like now lots of investors are on bad shapre again because of this fake bullrun

[iv4n]

Where do you see this going?

-Bulltrap
-Back to lower lows
-Moon

Some people see the moon even in the darkest nights. Some people are afraid of drops even that is perfectly normal thing in crypto. Some people believe we are going to 1800 dollars before the end of this year. As you can see from here there are many ways, and some people believe in this or that, but question is in what you believe as individual? Do people believe just in good times, and when bad times comes people blame everyone else for the drop? And actually there is no one to blame, market is compiled from all the people in the world, each of us buy, sell, trade in so many ways, so we are making this crypto so amazing, with all ups and downs. Some people have more coins and affect the market more, but bunch of little guys can also make a wave with their small amounts of coins.