Here we go. Bitcoin ripping through $4000

[STT]

Its stuck to the ceiling of 4000 like a fly upside down   then its tried to sell off to a lower point but still seems resilient to selling and its that near to breaking 8 or 50 day averages or challenging right now.   I assume price is gathering itself to break this area upwards not downwards so much.   I think 4500 is the actual point it'll hold rather then the arbitrary round number of 4000 dollars

Over a week its a spinning top looking candle

https://www.investopedia.com/terms/s/spinning-top.asp

[1714709277]

1714709277

[judyrob]

Bitcoin is at the level of $ 3900 and towards $ 4000, hoping that a few days will reach that and slowly but surely bitcoin is at its peak.
Bitcoin is still good and valuable so this will provide a bright future.

[Baofeng]

And here we go again, it's like 2 weeks ago since the OP posted this thread and now we're trying to go and break that price again. Can we do it this again but expect a sustainable growth? What can you say about the trading volumes? I don't know about arbitrary numbers but to see the price doubled the last bottom and goes $6400 would be nice isn't it? and we could finally say that we are in a bull session by that time. 

[michellee]

Bitcoin is at the level of $ 3900 and towards $ 4000, hoping that a few days will reach that and slowly but surely bitcoin is at its peak.
Bitcoin is still good and valuable so this will provide a bright future.

I think bitcoin was already touched $4000 in this day but unfortunately, the price getting dump again and now, the price is back to $3988. But the trend still on the progress to go up and I think it could go higher in the next week. I am sure that in the future, in the next year, the price could break up to $7000 or maybe higher. So don't forget to save more bitcoin if you want to make money in the future

[BitHodler]

What can you say about the trading volumes?

The volumes are deceiving, and very much so. If we look at the last couple of weeks, we have seen a significant increase in volume, yet the price doesn't seem to react to it at all, which makes me wonder if the volumes are fake.

Both Bitcoin and Ethereum's volumes are heavily inflated while most of the other coins haven't gone through a similar volume boost. My guess is that some Asian exchanges are trying to artificially make this market look more active than it is.

An easy way to tell is to look at pure fiat exchanges--their volumes have seen a little increase, but not even remotely close to the volumes Asian exchanges are generating. I would say this is a case of wash trading.

[shesheboy]

Where do you see this going?
-Bulltrap
-Back to lower lows
-Moon

the words that you listed above can all occur   .   first we are now experiencing a " bull trap "  because the price shows a sign of increease that it could lead to bull run but after touching 4k usd , the price fell again at 3.8 to 3.9 usd limit  .  that can be consideed " back to lower lows "   . 

lastly  . the " moon "  or the pump can obviously occur in latter stages   . typically it will begin to show on the mid 3rd quarter of the year  up to the end of december   .

[Kevin77]

Seriously bitcoin has been testing these prices for so many times now I am sure we will break it at some point. I don't know how we will do it but the price has been testing above 4 thousand dollar levels constantly, I do not think we will just stop here neither, if we can break the 4200 levels and reach to 4300 levels I am pretty sure we will also move towards 4500+ levels as well. I know just a 5%-10% increase is nothing for people but it also has a shot at going as much as 5 thousand at this point.

So, for anyone who is looking to get into it, I would suggest putting a buy order at 4300 and if you see it going higher put a sell order at 4500+ levels because its not stopping somewhere like 4350 after breaking it. When bitcoin goes up it doesn't go up just a bit, it goes up a lot (unfortunately same for going down).