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

[arpon11]

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?

I have seeing this happened several time since December and I believe the market is making a statement and that is the current bearish market is over and the market is some how very weak that it could not push enough for a change of trend directions.  $4,000 has been crossed several times since December last year but it could not be retained as it always hurry back below $4,000. The resistance at $4150 is very strong and that level need to be breaking before we can see bull run.

[Gontxi]

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?

because the market has not fully recovered, of course it happens again as you say, because that correction always happens. I think the most important point is that you have to be more careful in terms of trade or investment in altcoins.
I have not found any bullrun

[indoagung88]

Just for your info that on 24th February (last week) the bitcoin price almost touched $4200, unfortunately, its only survive one day.

Yes, I know that but the price of $ 4199 doesn't last for a long time or more than 2 days. Does that include growth? I think it's just a stimulus to attract the attention of crypto users. I don't think prices will continue to grow in the near future, and still need a fairly heavy process. Thank you AhmadM,

[STT]

Stimulus?   This isnt the Federal Reserve, theres no special scheme there that wasnt written in 9 years or so ago just additional uses perhaps and people speculating about various utility.

If its gone up the demand was greater then supply then previous, I dont think the market is too deceptive beyond that basic idea.   Lots of noise true.

Right now its risen from 50 day average, the thin blue line here and also its positive above the 8 day average also -

[Barbut]

Just for your info that on 24th February (last week) the bitcoin price almost touched $4200, unfortunately, its only survive one day.

Yes, I know that but the price of $ 4199 doesn't last for a long time or more than 2 days. Does that include growth? I think it's just a stimulus to attract the attention of crypto users. I don't think prices will continue to grow in the near future, and still need a fairly heavy process. Thank you AhmadM,

You are making it too complicated, price went up, than back down again. Ordinary spike in just normal crypto day, why do you have a need to complicate things. When price touched $4,100 why didnt you sell and buy back again now? You could, like anyone else could, but why you didnt?
If you are serious holder, this or next year doesnt play big role, you will hold no matter what and you will take reward in few years, price swings are good for day traders, i`m not one of them so I dont care a lot about it.

[Bagaji]

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?

I don't think there is any bad news against Bitcoin in recent time but what am seeing happening to Bitcoin that is finding difficult to break is that there is a strong resistance at that point and if eventually break , it will then move higher before any correction.

[Clark05]

It will reach that again don't worry because price now is more than $3800 and anytime soon possible to reach that so be positive.
$4000 value reaching again will gives us a lot of profit in the future and we have hope again because another digit that we see like last week ago. It is not difficult now to see the price of the bitcoin to rise that price because they already hitted that before.

[davis196]

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?

The current bitcoin price is 3858 USD.The price didn't dropped "dramatically down".Stop with the exaggerations.The price isn't going up because nobody is buying,there's no hype,no "showball" effect that might cause a bubble.Most of the HODLers are waiting,the whales are waiting as well,no newbies are entering the market.

[DarkIT]

It will reach that again don't worry because price now is more than $3800 and anytime soon possible to reach that so be positive.

I am so happy with your optimism. well, at least, we think the same thing. I think in the near future, the price of bitcoin will return to that price. besides, I think the potential of bitcoin might be greater than the price above $ 4k. I'm sure this year the price of bitcoin can be above $ 7k.

[indoagung88]

Stimulus?   This isnt the Federal Reserve, theres no special scheme there that wasnt written in 9 years or so ago just additional uses perhaps and people speculating about various utility.

If its gone up the demand was greater then supply then previous, I dont think the market is too deceptive beyond that basic idea.   Lots of noise true.

Right now its risen from 50 day average, the thin blue line here and also its positive above the 8 day average also -

I only think with personal thoughts. But I agree if in a few days the chart continues to experience growth, albeit a little slow. And to this day the price of bitcoin is still under $ 4000. I don't think that will rise above $ 4000 in the next few weeks. Thanks for your opinion..

[Red-Apple]

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?

The current bitcoin price is 3858 USD.The price didn't dropped "dramatically down".Stop with the exaggerations.The price isn't going up because nobody is buying,there's no hype,no "showball" effect that might cause a bubble.Most of the HODLers are waiting,the whales are waiting as well,no newbies are entering the market.

the high volume is disagreeing with you. if nobody was buying then volume should have dropped down drastically but we can clearly see that it is still pretty high and remaining high which shows that there still is an ongoing accumulation going on which is in other words an area where people are buying bitcoin at a fixed price.

[BlackPanda]

Everything can change, there are always many surprises in the world of Bitcoin. So we must be optimistic about what will happen. Changes in the price of Bitcoin can take place very quickly, so be optimistic that there will be far better changes. We can only wait and hope that what will happen, our support and active role in socializing crypto to people who are far more numerous will be very meaningful.

[Kevin77]

I think bitcoin price reaching around 4200 dollars all the time and going back down is just a "test" by the big players in the trading world. They are probably trying to test those levels out all the time and see if people are behind them rallying towards higher numbers or not, if they do not see a hype (which there is none) they just let it go down again.

I mean not only they are buying bitcoin at these levels which would mean a lot of profit later when price doubles even triples one day (which we all know one day it will happen, just don't know when) they are also trying to see if people are hopeful about a bull run or not. If there is no money following them there and trying to help them get it over those prices they just let it go back down so they can buy cheap again and test again.

[harapan]

one week ago, I thought bitcoin would continue to rise after reaching the price of $ 4000 but it turned out to go back to the current price, I hope it can be even cheaper, because I will buy and hold it.

[lablab03]

Yeah it's difficult to rise above 4k because there's always a manipulation in the market and in my opinion if this factors always happen especially when the value increasing gradually  for sure market will become stagnant below 4k until year end.  

[gabmen]

Yeah it's difficult to rise above 4k because there's always a manipulation in the market and in my opinion if this factors always happen especially when the value increasing gradually  for sure market will become stagnant below 4k until year end.  

Well not really. As we saw the past 2 weeks, 4k can be hit. Even for a short time. The problem is staying above 4k or sustaining a run beyond that level. Big players are probably content with making little profits over time that' why btc got shorted and dropped back after hitting 4.1k

[STT]

The bottom part of this graph shows we are roughly positive since the move into this area.  There is a higher volume bar for the big rise to 4200 and the fall down from it but overall the price is confirming itself from 3700 area upwards.   My take is that its positive above the 50 day moving average, it still has to combat the 200 day so theres so much space for the bears to come back in before speculators have to be negative.

Seems fair to me to say the price is positive and acting like it will continue short to medium term even

[indoagung88]

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?

The current bitcoin price is 3858 USD.The price didn't dropped "dramatically down".Stop with the exaggerations.The price isn't going up because nobody is buying,there's no hype,no "showball" effect that might cause a bubble.Most of the HODLers are waiting,the whales are waiting as well,no newbies are entering the market.

Thank you for your opinion about the current bitcoin price, and I respect everyone's opinions. Okay, do you think you will rise above $ 4000 in the near future? I thought that would happen, and now the price will touch $ 4000.

[Malam90]

its the mining:market dynamics

when its cheaper to buy coin rather than mine it, people buy it. when its cheaper to mine it than buy it people mine it.
when prices get above a certain level and it becomes profitable to sell, people do that.

if a price exceeds this 'value' area and prices spike into speculation, expect it to correct back down into reasonable value area.
the only way to have sustained value increase is to have the costs of obtaining it sustainable. which for multiple years has been the hashrate. which while the whole sell off of s9's to be used on altcoins and the fresh purchases of s15(bing slow) to replace, and a upcoming(but not yet here) s17 range.. has not shown much hashrate rise to sustain and give the market higher bottomline support to encourage sustained growth

Right, at low price it is better to buy rather than mine and when it is cheap to mine than people want to buy. This is radiculas matter that people do opposite what the situation demands. No matter, we need to be more patience at this time.

[barota]

i think there is some resistance at 4200 ... if the last fall mean bitcoin will be stronge more than now .
we must buy as we can now and above 4000 
evryone should buy now and not tommorow ( lomg term need short term) ...why wait for buying bitcoin !!