Bitcoin Price Analysis – BTC Price Is All Set To Hit $4000

[Elena_Rodriguez]

Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/

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[franky1]

blah blah blah.. drawing lines on charts based purely on previous lines on charts.... supports no logic.

i see no push on acquisition costs of bitcoin (mining) to assume that it will snowball to raise the sell/buy rate support on the market
i see no massive drama event, nor any big company needing to consistently buy bitcoin.

so i dont see big reasons for any sustainable growth yet. all i see is just empty speculation meaning if there was a price spike, expect a price correction after

will the TREND ANALS stop trying to be technical analysts

[FIFA worldcup]

Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/

If you analysis the chart bitcoin is over sold currently and it will fall from here. Also bitcoin is moving very close to 200 moving average and if it is unable to stay above this 200MA, we can see some big dump in prices. In the short term, i think BTC will move down from here. Also the volume of btc is constantly decreasing.

[franky1]

I see this as a slow correction back up, it was oversold and fear took control of the markets. That along with more awareness and ease of access buy demand is increasing, although slowly.

my 2 main triggers for a SUPPORTED and sustainable rise are
1. hashrate rise (increase of mining costs means people less likely to sell for less as its not profitable to do so
2. once the first ETF is successful(those already hoarding coins) the next gen of ETF applications using that precedence as a success template will need to buy up thousands of coins to create their ETF baskets.

neither of which is happening just yet so any movement of price right now, during non-events is just speculative ups and downs without anything underlying to support a need to keep it up

[Zadicar]

blah blah blah.. drawing lines on charts based purely on previous lines on charts.... supports no logic.

i see no push on acquisition costs of bitcoin (mining) to assume that it will snowball to raise the sell/buy rate support on the market
i see no massive drama event, nor any big company needing to consistently buy bitcoin.

so i dont big reasons for any sustainable growth yet. all i see is just empty speculation meaning if there was a price spike, expect a price correction after

will the TREND ANALS stop trying to be technical analysts

You can see these TREND Anals everywhere  

When theres a spike then presumptions without strong back up with fundamentals is somehow an empty analysis.We know that this market
reacts mostly with news.

[franky1]

I see this as a slow correction back up, it was oversold and fear took control of the markets. That along with more awareness and ease of access buy demand is increasing, although slowly.

my 2 main triggers for a SUPPORTED and sustainable rise are
1. hashrate rise (increase of mining costs means people less likely to sell for less as its not profitable to do so
2. once the first ETF is successful(those already hoarding coins) the next gen of ETF applications using that precedence as a success template will need to buy up thousands of coins to create their ETF baskets.

neither of which is happening just yet so any movement of price right now, during non-events is just speculative ups and downs without anything underlying to support a need to keep it up

The hashrate is already in from the previous rise and hasn't dropped due to the price down, these factors also seem to be for a bull run, not a slow growth. An ETF and we will be huge spike, which will lead to more miners turning back on as it once again becomes profitable to mine.

the s15 are already in and circling the 45exa. but next is the yet to be released s17 which hopefully will push up the hashrate as the cost/efficiently is hopefully going to be noticeably different to the s9-s15 range of october 2018-march 2019

as for the ETF
the ETF will need tens to hundreds of thousands of coins to have big enough baskets to meet minimum share demand.. current market volume is less.. its actually small amounts of 500-5000 coins being rinsed and repeated in day trades. so sucking up more than 5000 coins will affect the markets over lengthier periods of time.
though the market affecting mining.. yea some hobby miners that pool jump will stop mining altcoins and jump to bitcoin. but thats a small like 5%.
i see the ETF explosion of multiple companies supporting the market rise more than the ETF causing a hashrate rise.
but in the interim of the ETF explosion. knowing it takes weeks to buy new asics, deliver them and that such. the ETF trigger will be more dramatic up and down before it settles to new underlying support when asics move in.

this is why i prefer watching the hashrate rise first as a good sign of underlying support. and not care so much about short term market drama of ups and downs

[kryptqnick]

blah blah blah.. drawing lines on charts based purely on previous lines on charts.... supports no logic.

will the TREND ANALS stop trying to be technical analysts

I believe it does. There are no guarantees, of course, but this is the approach humans often take in real life. For instance, if your friend does not respond to phone calls, and you need to find her. You know she often goes to a specific park. Won't you go there to look for her? She might not be there, but there's a better chance that she will be there than, say in another country all of a sudden. Price analysis based of previous behavior of a currency is fallible but it is better than nothing. And I also don't get your distinction between trend analysis and technical analysis, since the latter is at least partially based on trends as well. If one doesn't like it, there's always fundamental analysis out there.

[franky1]

blah blah blah.. drawing lines on charts based purely on previous lines on charts.... supports no logic.

will the TREND ANALS stop trying to be technical analysts

I believe it does. There are no guarantees, of course, but this is the approach humans often take in real life. For instance, if your friend does not respond to phone calls, and you need to find her. You know she often goes to a specific park. Won't you go there to look for her? She might not be there, but there's a better chance that she will be there than, say in another country all of a sudden. Price analysis based of previous behavior of a currency is fallible but it is better than nothing. And I also don't get your distinction between trend analysis and technical analysis, since the latter is at least partially based on trends as well. If one doesn't like it, there's always fundamental analysis out there.

trend ANALS
not analysts.. just anals..
are guys that have no clue about the reasons of previous movements. have no knowledge. and just draw lines at any angle they please and then try to buzzword the line like its significant.
they are anals.. (a-holes)

technical analysts know why previous things happen. they investigate causes and effects, they see patterns based on events and actual triggers.
EG the october 2013 rise was due to the flip between GPU and ASICS.
trend anals automatically think prices are gonna shift like october 2013 did, simply because they seen it happen on a price chart.
technical analysts would see the trigger was hashrate caused and then look for other hashrate events.

as for the november 2017. that was a large investor buy up due to contracts of segwit activation being met so tranches of coins needed to be bought up to fulfil contracts.
the november 2018 slump was due partially due to the reaction of the october hashrate drop and also a investment contractual sell off of those coins held for exactly a year since the november 2017 buy-up jump

these things are not things u learn just by drawing a line on a price chart but actually investigating real word events that trigger price movements and human decision to buy/sell

[cheezcarls]

Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/

Don’t count on it yet. Analysts can predict all they want, but there is no guarantee for everything. Just like last year, some analysts have made failed predictions that Bitcoin will bounce back after Consensus 2018 event that was held in NYC. Instead of a bull run that happened for years, it didn’t happen anymore.

Event though that regulations are taking place, it finally digests in some people’s minds that there’s nothing to fear in using this technology. On top of that, massive adoption is one key that made Bitcoin stabilized its price between $3,800 to $3,900.

Bitcoin’s price can grow, but don’t expect it so soon. Just my two sats.

[kingpin4321]

We should not note down speculation at the slightest changes in bitcoin prices.
The market price is not bounded by any rules so it could really be very hard to predict

[talkbitcoin]

the rise is going to happen sooner or later. in fact it probably wouldn't even take that long. the only thing that is happening right now is the fear of possible drops that is making most investors wait instead of jumping on the band wagon.

and it has always been like this too. whenever we have this sort of huge drops (it was 85% drop this time) people tend to get scared. then you add all the FUD and that panic grows more preventing (or better say delaying) the rise.

[BitcoinFani]

if the bitcoin price does not decrease and remains stable in these areas. even this is a very good thing.. in this case the rise of altcoins begins.. But my guess is that  the bitcoin price will rise.. no more panic sales.. We expect bitcoin to go to the moon!! HODL HODL HODL

[Oceat]

Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/

Bitcoin has been stable for a week with a price range of 3.8 to 3.9 after that bull trap last month. Prices are playing up and down for a week now and yet you think Bitcoin would just end at $4k without valid support on why would it happen?

We may see this price for a month I guess if there is no bigger news have to come up and make the price move according to FUD or hype.

[XCANA]

We should not note down speculation at the slightest changes in bitcoin prices.
The market price is not bounded by any rules so it could really be very hard to predict

The most rapid instrument that's able to move the price of Bitcoin higher is positive news ans speculations across the world. Though we have seen in recent market price that the price is more like stable type but the recovery process has just began though slightly. In four or eight months from now we will see some major movement in the price of Bitcoin.

[rizkyhiw]

This is indeed very good for now where Bitcoin is trying to survive and showing a gradual increase to convince all investors or people who want to buy but still traumatized after a big decline occurred after last year's hype was more appropriate plus they were looking for very good news and big to be pumped back in quick time, I'm sure we will rise again from $ 4000 and above, just wait a while because everything is still a mystery because it cannot be easily analyzed, the current situation can be called a safe area because market movements try to pump again.

[thecodebear]

To me the price looks like its about to start going down back to 3600s/3700s, and not up to 4000. Looks like its about to slip off an edge a possibly drop a couple hundred dollars. But just a guess. I very much doubt Bitcoin will be out of the 3000s permanently anytime soon, so I'm sure there will be plenty more time between 3500 and 4000 and maybe some time below 3500 as well in the months to come.

[Wind_FURY]

I see this as a slow correction back up, it was oversold and fear took control of the markets. That along with more awareness and ease of access buy demand is increasing, although slowly.

my 2 main triggers for a SUPPORTED and sustainable rise are
1. hashrate rise (increase of mining costs means people less likely to sell for less as its not profitable to do so
2. once the first ETF is successful(those already hoarding coins) the next gen of ETF applications using that precedence as a success template will need to buy up thousands of coins to create their ETF baskets.

neither of which is happening just yet so any movement of price right now, during non-events is just speculative ups and downs without anything underlying to support a need to keep it up

For the hashing power to rise, it would mean that there are miners that are anticipating an increase in the price of Bitcoin, which would also mean that the "trend anals" might be right.

[exstasie]

I see this as a slow correction back up, it was oversold and fear took control of the markets. That along with more awareness and ease of access buy demand is increasing, although slowly.

my 2 main triggers for a SUPPORTED and sustainable rise are
1. hashrate rise (increase of mining costs means people less likely to sell for less as its not profitable to do so
2. once the first ETF is successful(those already hoarding coins) the next gen of ETF applications using that precedence as a success template will need to buy up thousands of coins to create their ETF baskets.

neither of which is happening just yet so any movement of price right now, during non-events is just speculative ups and downs without anything underlying to support a need to keep it up

For the hashing power to rise, it would mean that there are miners that are anticipating an increase in the price of Bitcoin, which would also mean that the "trend anals" might be right.

That guy was saying the same thing about a "mining cost floor" or some other such nonsense at $6K too. It really doesn't matter what miners think will happen. Miners (like all investors) can be wrong. If they're wrong, they'll lose money and will eventually be forced out of business.

Miners can try to withhold supply from market or mine at a loss for as long as they can, but they can't control the price. They can't dictate demand and as time goes on they have less and less effect on supply. Overleveraged miners who are overly bullish are eventually forced to pay for their irresponsibility and shut down their operations.

So if the price tumbles again, so will the hash rate....

[Wind_FURY]

I see this as a slow correction back up, it was oversold and fear took control of the markets. That along with more awareness and ease of access buy demand is increasing, although slowly.

my 2 main triggers for a SUPPORTED and sustainable rise are
1. hashrate rise (increase of mining costs means people less likely to sell for less as its not profitable to do so
2. once the first ETF is successful(those already hoarding coins) the next gen of ETF applications using that precedence as a success template will need to buy up thousands of coins to create their ETF baskets.

neither of which is happening just yet so any movement of price right now, during non-events is just speculative ups and downs without anything underlying to support a need to keep it up

For the hashing power to rise, it would mean that there are miners that are anticipating an increase in the price of Bitcoin, which would also mean that the "trend anals" might be right.

That guy was saying the same thing about a "mining cost floor" or some other such nonsense at $6K too. It really doesn't matter what miners think will happen. Miners (like all investors) can be wrong. If they're wrong, they'll lose money and will eventually be forced out of business.

Miners can try to withhold supply from market or mine at a loss for as long as they can, but they can't control the price. They can't dictate demand and as time goes on they have less and less effect on supply. Overleveraged miners who are overly bullish are eventually forced to pay for their irresponsibility and shut down their operations.

So if the price tumbles again, so will the hash rate....

That I agree 100%. Miners are like any of the speculators in Bitcoin. They also anticipate. But the funny part is, they show their cards right away.

[arpon11]

Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/

Though as at last night it has fall below $3900 it has started to recover again towards $4000. It is now clear that bitcoin is on a recovering face and the support level which creates the last  bottom at $3200 is seeing to be the bottom of the bearish trend that started in December last year which great the condition cryptocurrency market is facing now.  Crossing $4000 is not the problem to me but remain above it is the major problem it has since last December.  I think we should be able to move above the current channel some weeks and months to come.

[Kemarit]

Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/

Bitcoin has been stable for a week with a price range of 3.8 to 3.9 after that bull trap last month. Prices are playing up and down for a week now and yet you think Bitcoin would just end at $4k without valid support on why would it happen?

We may see this price for a month I guess if there is no bigger news have to come up and make the price move according to FUD or hype.

I wouldn't say the last month's rise is a bull trap, perhaps there was really no momentum to push and broke the $4200 price resistance so obviously,  investors didn't wait that long and just started to sell some and then followed by some panic traders causing the price to go $38++ at the lowest. And then the cycle repeats again this past 2 weeks, attempting to break that psychological barrier of $4000. It can be broken but I don't think we will have momentum because there's no news whatsoever so make another push so for me the cycle will repeat over and over again unless there are positive news.

[joy99]

I think bitcoin has already reached the 4000 price just that it keeps going down immediately it gets to this price. I do not know why it can't stay there for long but I think the next move will be $4K above and it will never come lower. Bitcoin was from 3200 to 3400 to 36-3800 which gives me the hope that the next target is 4K- 4.2K