Bitcoin is difficult to rise above the price of $ 4000??

[icecube45]

Yes indeed it seems that the price of bitcoin is still difficult to exceed $ 4,000. Bitcoin prices a few days ago could reach $ 4,000 but that didn't last long and finally dropped. Currently the price of bitcoin is stable at around $ 3,700 and this lasts approximately a week. Yes, it looks like the market price hasn't really recovered, I don't know this will last until when, but I'm sure it will take longer to recover.

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[bitbunnny]

Many have expected so much from 2019 and that it will represent some new begininig for Bitcoin in term of price rise. Still, that didn't happen, at least not so far, although many started premature celebration when Bitcoin recently came to 4000$. But this was only short breath increase that didn't influence market significantly. It looks Bitcoin will not so easily cross 4000$ and 6000$ or even 10000$ that many hoped to see, looks almost impossible in short period of time from current perspective.

[redsun114]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Well, we can see that bitcoin is struggling between the range of $3800 - $4000 for the past two weeks and might still last longer for another two weeks before we begin to see another bull run in price that could get the price of bitcoin to $5000, don't be worry there is no bad news causing this, it's just the market preparing itself for a bull run.

You can confirm what I am saying by checking the market cap of the crypto market and see how money is being pumped daily into the market.

[bitcoinisbest]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Well, we can see that bitcoin is struggling between the range of $3800 - $4000 for the past two weeks and might still last longer for another two weeks before we begin to see another bull run in price that could get the price of bitcoin to $5000, don't be worry there is no bad news causing this, it's just the market preparing itself for a bull run.

You can confirm what I am saying by checking the market cap of the crypto market and see how money is being pumped daily into the market.

This could just be a temporary fall that would have happened now and trading at 3750$ . Though their is no need to panic as such because this things keep on happening and we might see that in coming time itself it would again rise and reach 5k as well. So be calm and hold on.

[Yaunfitda]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Well, we can see that bitcoin is struggling between the range of $3800 - $4000 for the past two weeks and might still last longer for another two weeks before we begin to see another bull run in price that could get the price of bitcoin to $5000, don't be worry there is no bad news causing this, it's just the market preparing itself for a bull run.

You can confirm what I am saying by checking the market cap of the crypto market and see how money is being pumped daily into the market.

This could just be a temporary fall that would have happened now and trading at 3750$ . Though their is no need to panic as such because this things keep on happening and we might see that in coming time itself it would again rise and reach 5k as well. So be calm and hold on.

Again, we are still in the bear market, speculators will do everything to short and make money including bitcoin. So don't be surprised by this marginal fall from time to time.

Also you have to look at the trading volumes as well, its seems that after a good pump, the volumes started to slow down as well. Typical of a wait and see attitude of most crypto investors now. Not willing to risk and will just ride along with the price goes up again and then sell to take profits.

[mahilchii]

Bitcoin is a real competitor in crypto market, it's very sad to see BTC value has went down very badly. Ups and downs are part of trading, I know that there's no any clear sign of bull run now and I believe the value of BTC will skyrocket again. Just believe in this for a better future.

[sirohige]

Bitcoin is a real competitor in crypto market, it's very sad to see BTC value has went down very badly. Ups and downs are part of trading, I know that there's no any clear sign of bull run now and I believe the value of BTC will skyrocket again. Just believe in this for a better future.

I think there is still hope to make the price of bitcoin at the exchange place rise again, I believe this will happen when halving day happens in 2020, and I consider Bitcoin as the father of all cryptocurrencies.

[slaman29]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Bitcoin is trying to break a channel that has been established since December last year when big market players dumped it below $4000. This has created a resistance around $4255 and whenever it moves close there is that great resistance from the bear.  It will break the channel but it has to be during important news.

That's the general consensus around Bitcoin, and if you check all the trading channels they were even encouraging people to take profit around 4100, so with all that pressure to sell even from the so-called trader whales, it's going to be really difficult for the buyers to establish some momentum.

I don't think news really affects it anymore, but for sure, if good news maybe like Bakkt arrives as buyers are ready, we'll see the movement we've been waiting for.

[Kemarit]

*...*

I do agree with the point of a healthy market, being what we need right now. The market has been on a downward spiral since the peak of Q4 2017.
I am also considering if this might be a pattern; price spikes over a short period of time shortly followed by gardual drops.

Well, the pattern is there for us to look at. It's been trading sideways after a dump and then we have to wait what direction it should take, usually though, it's a downward pattern that's why the price after almost reaching as high as $4200, drop again to $3700-$3800 level. Why it went down? Speculators wanted to book profits, simply as t that. Are we going to see another rally, probably, we might see a another try to break that $4200 barrier or could probably go to $4500 in the future but there's no assurance that we will sustain that kind of price and then the cycle repeats again.

[BitHodler]

I don't think news really affects it anymore, but for sure, if good news maybe like Bakkt arrives as buyers are ready, we'll see the movement we've been waiting for.

Considering that insider trading is a thing even the most reputable platforms happen to participate in, it would be kinda safe to say that before Bakkt's approval we'll see a strong rally.

I'm however not exactly sure if Bakkt will actually be able to get the CFTC's approval. If it doesn't happen this year, it's safe to say that it won't happen at all, or at least, not without switching from backed to non backed futures.

For now we can blame the government shutdown, but that can't be used as an excuse for the rest of the current year. One of the most trustworthy entities asks for an approval. It should be an easy approval, not an obstacle.

[gabbie2010]

Basically the resistance at $42XX is a very strong one, breaking this strong resistance requires a strong fundamental positive news that will bring in core investors that will massively invest thus this will invariably breaks it (resistance) else the price will pump, retrace or pullback and the cycles continues, while I am very
optimistic that the resistance will soon be broken paving way for the bullish runs.

[xuv500]

Yes indeed, it's because of the supply and demand also big investors need to jump to Kickstart the market again, market looks horrible. Ups and down looks like a seasaw game and most probably it needs to pump.

[wuvdoll]

It is not difficult, however its not easy neither. Going above 4000 a bit is something we have done multiple times in the past months, it is something that is common, however going above 4.5 thousand for example is a bit difficult, still nothing impossible, nothing too challenging, this is bitcoin after all. Usually bitcoin prices go up and down between two trends and that continues for a long time, remember just few months ago when price was moving between 6.5 thousand dollars and 7.2 thousand dollars all the time before it dropped.

I do not mean it will drop again but before it goes down OR it goes up bitcoin prices moves up and down between the same prices. We will see above 4.5 thousand dollars one day however it may take sometime, its not an impossible task but we need to be patient for it.

[StephenJH]

We need to see how well will BTC perform on next bull run in order to attract big investors. It is easy to break 4000$ but i doubt prices will stay above 4000$ line for a long time. Supply and demand imbalances are common near the psycological numbers.

[Juggy777]

Yes indeed, it's because of the supply and demand also big investors need to jump to Kickstart the market again, market looks horrible. Ups and down looks like a seasaw game and most probably it needs to pump.

Hey yes bitcoins prices are finding it difficult to break the 4100 level mark for quite a while now, mainly because people are booking profits as soon it touches 4000$. I feel there’s quite of positive movement going in bitcoins prices, just yesterday it touched 3680$ and now it’s back to 3830$. All we need now is people to hodl their coins, and one big news which shall lift us above 4100$ levels.

[Theb]

We need to see how well will BTC perform on next bull run in order to attract big investors.

And why do we need "big investors" for? If you are thinking that we need them in order to help jack the prices up then think again. The crypto market is dominated by whales and all we need to do is to see what whales will be doing next and lately we have seen good news that whales have continued on accumulating more Bitcoin and that is also why we have briefly seen Bitcoin go up above 4,000$. As long as we see whales milking the market for short profits then expect to see a lot of more visits from the 4,000$ and 3,000$ level, but if they hold out their massive position then we can expect crypto prices to be on the bull market.

[magneto]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

There is certainly resistance there.

I think that the primary factor is that we are still currently in a bear market, and that bearish sentiment of traders is hindering a full on recovery still. However, I do believe that this phase of the cycle will soon come to an end, potentially in the second half of the year.

This resistance has nothing to do with the fundamentals of bitcoin but everything to do with the reluctance of traders and investors to take risks when things are looking bearish and there isn't much activity within the market. Perhaps it's also got something to do with the mining dynamics as franky mentioned, but to me, the psychology of investors is mostly at play here.

I'd definitely accumulate BTC right now if possible. That's the bottom line.

[Cryptock]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

There is certainly resistance there.

I think that the primary factor is that we are still currently in a bear market, and that bearish sentiment of traders is hindering a full on recovery still. However, I do believe that this phase of the cycle will soon come to an end, potentially in the second half of the year.

This resistance has nothing to do with the fundamentals of bitcoin but everything to do with the reluctance of traders and investors to take risks when things are looking bearish and there isn't much activity within the market. Perhaps it's also got something to do with the mining dynamics as franky mentioned, but to me, the psychology of investors is mostly at play here.

I'd definitely accumulate BTC right now if possible. That's the bottom line.

I also think that this line is just a psychological blockade of investors. Everyone is still afraid that this is not the end of the bear market and they are afraid to go into long-term investments. However, I think that the longer we stay at this level, the investors' self-confidence grows and soon resistance at the level of $4k will be broken.

[Gaff]

Bitcoin is a real competitor in crypto market, it's very sad to see BTC value has went down very badly. Ups and downs are part of trading, I know that there's no any clear sign of bull run now and I believe the value of BTC will skyrocket again. Just believe in this for a better future.

I think there is still hope to make the price of bitcoin at the exchange place rise again, I believe this will happen when halving day happens in 2020, and I consider Bitcoin as the father of all cryptocurrencies.

Yes I agree to that, bitcoin is the main proponent of all cryptocurrencies and as said that it's a father it can make everything within control that's why we see price declined after such massive changes happened. All crypto coins will shrink it's value when the head of trading which is btc, will downfall its own price; because all exchanges who has tradings was based on the market capacity of bitcoin. No wonder, we all experience market downtrend and that's always expected to happen during bearish period. This is the first time it happened, since btc was still cheap last year 2016 if you happen to recall those days. Market rise and the first long term bearish period happened last year 2018, so the chance of recovering from falling to rising and $4000 will always be potential of being surpassed anytime.

[Ararbermas]

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

there are some bad news but it came only from fud's in my view which nonsense just to intimidate buyers and holder . Actually yes definitely market is not yet fully recovered reason it fluctuates back again after the progressing but no need to worry 'cause it will be back again soon once it gained enough strength .