Bitcoin is Cheap Until April, We’ll Never See Price at $3,000 Again: Trader

[LUCKMCFLY]

There is a basic principle that every market speculator must take into account, if the Market Makers want to bring the price of bitcoin at any price, they can do it whenever they want, the reason is because they have the money to do it.

 The fact that it will not fall back to $ 3,000 can occur, although I have studied the possibility that it could fall even to $ 2,800, I study the market based on Wyckoff's theory, and I can probably correct those prices.

 The reason why the bitcoin is now rising and then falling suddenly, is because they want to buy cheap, it is normal, always Strong Hands will buy cheap, never expensive, if they do expensive it is normal that they risk losing, and these people do not take those unnecessary risks.

It seems cool to me that you have managed to reach the conclusion that in April it will be the last chance, if that happens, you really have a different market vision and you see trading in another way, which is great.

[fasdorcas]

From December 2018 (date on which Bitcoin gradually losts value from ~$6k to ~$3,5k) to March 2019 the Bitcoin value has remained around $3,500 with small up and down here and there.

"gradually" for this particular price drop is the understatement of the year

from $20k (the top of the bubble) down to $6k (bottom of the bubble burst) tool more than 7 months and that is 70% drop.
then we stayed there for more than 6 months building up a solid bottom.
the drop from $6k down to $3k (>50%) only took 12 days which is actually why i never considered it a real drop and i call this state we are in right now a "reverse bubble".

This your analysis shows that trend does not come to play in the price movement of bitcoin or other Cryptocurrency, for the fact that it followed a particular trends from the past doesn’t mean the trend will repeat itself.

I also see BTC touching the price of $3k if many investors pull out there funds which I really doubt they are willing to do that now and since the price has already touched the bottom now, I expect many buy this period to sell. The high ratio of buy to sell will definitely keep BTC on the upward trend and not vice versa.

[pixie85]

I also think this is the final bottom for bitcoin. I'm not saying we won't see a drop or a double bottom but it won't be something similar to that break below 5000 dollars followed by a panic selling. Bitcoin is looking strong especially now when stock prices are jumping up and down and wall street doom preachers are out predicting a big bear market.

[STT]

God damn it but I have not seen this term before. Reverse bubble.

Reverse bubble would be the reaction after a fall where its travelled too far without really trading those price ranges.    So I think of it as a kind of vacuum in the price, alot of movement but not alot of volume occurred there meaning its quite likely we find our way back to this area as its low resistance if you see what I mean

Where I'm thinking of this area right now is the window 4500 to 6000 where it fell quite rapidly.   As said above, the price otherwise has moved quite slowly since December.  I will add I think its been accumulating not really average or sideways but positive

[The Cryptovator]

I am also expecting same like OP. Because we can see trading volumes of bitcoin is increasing. Most likely investors are coming back into bitcoin. Also price seems upwards from last few weeks. Although still we can't say it bull market but overall conditions is positive. Sudden pump and dump both is not good sign but from last week's we can't see much sudden pump dump. So I am expecting slowly bitcoin will move up. Let's see what is going on...

[Wind_FURY]

If bitcoin fails to cleanly break into the $4,000 region and surpass key resistance levels at $4,200 and $4,300, analysts have said that a retest of lows at $3,300 and $3,122 is a possibility.

Analysts and possibilities. 

Following the trend lines, which do seem to support Bitcoin, it's only a matter of looking at the charts to figure out what's going to happen. This holds significance until it doesn't, which means that we have to close below the supportive trend lines, and then still, the 200WMA is creeping up higher and higher, which makes it less likely to retest $3150 unless it's a flash wick that gets bought up to keep the daily and weekly chart still look pretty.

Everything we see is indicative of more sideways actions. I doub't we're done with $3xxx prices, but even if so, if it turns out that we bottomed for sure, it's not a problem to buy 10-20% higher if it keeps going up from there.

Although, I believe that you would be changing your tune after the next halving, plus when Bitcoin is on its way to a 6 digit price. Will that finally convince you that "we'll never see $3,000 again"?

[akamit]

Hopefully, because bitcoin is down for so long but this is not guaranteed since many speculations that stating bitcoin will have its another dump before it finally go up. The market should be more active this time, we need to see bitcoin on top again but we have to wait for that.

I don't think anyone can provide a guarantee that the price of bitcoin can return to expensive if you don't support buying bitcoin, because you have to know to be able to make the increase in the price of bitcoin there must be someone who buys a lot of bitcoin.

Nothing is guaranteed... Everything is just a prediction.

It is for sure that bitcoin will rise again and will create a new ATH, but the question is when and how.
So far I don't see any concrete news or powerful activities from large entities which may lead bitcoin to its new ATH.

However, the bitcoin range from $3000-$4000 is best for accumulating as much as possible before the rocket launch to the moon imo.

[traderethereum]

If bitcoin fails to cleanly break into the $4,000 region and surpass key resistance levels at $4,200 and $4,300, analysts have said that a retest of lows at $3,300 and $3,122 is a possibility.

Analysts and possibilities. 

Following the trend lines, which do seem to support Bitcoin, it's only a matter of looking at the charts to figure out what's going to happen. This holds significance until it doesn't, which means that we have to close below the supportive trend lines, and then still, the 200WMA is creeping up higher and higher, which makes it less likely to retest $3150 unless it's a flash wick that gets bought up to keep the daily and weekly chart still look pretty.

Everything we see is indicative of more sideways actions. I doub't we're done with $3xxx prices, but even if so, if it turns out that we bottomed for sure, it's not a problem to buy 10-20% higher if it keeps going up from there.

Although, I believe that you would be changing your tune after the next halving, plus when Bitcoin is on its way to a 6 digit price. Will that finally convince you that "we'll never see $3,000 again"?

I hope that we do not see $3,000

But the possibilities to see that number still there and we don't know if the price could increase higher in this year or not. They can say that the price will go down deeper in this year, but as long as we can analyze the price itself, I am sure that we could adjust ourselves with the situation and conditions.

[adaseb]

April is a touchy month because you need to realise that April 15th is when taxes are due in the USA. Even though it was a bearish year, there are people who still made crazy profits.

So after the November dump, they basically were waiting for BTC to get a good rally so they can sell to pay their tax man. So this explains why every rally usually has a huge sell-off. This will most likely keep happening until early-mid April.

This is also the reason why the Futures are again at a discount on Bitmex and it has a negative funding period mostly, its due to hedgers.

[Herbert2020]

Hopefully, because bitcoin is down for so long but this is not guaranteed since many speculations that stating bitcoin will have its another dump before it finally go up. The market should be more active this time, we need to see bitcoin on top again but we have to wait for that.

I don't think anyone can provide a guarantee that the price of bitcoin can return to expensive if you don't support buying bitcoin, because you have to know to be able to make the increase in the price of bitcoin there must be someone who buys a lot of bitcoin.

Nothing is guaranteed... Everything is just a prediction.

It is for sure that bitcoin will rise again and will create a new ATH, but the question is when and how.
So far I don't see any concrete news or powerful activities from large entities which may lead bitcoin to its new ATH.

However, the bitcoin range from $3000-$4000 is best for accumulating as much as possible before the rocket launch to the moon imo.

yeah, unfortunately this rise to $4000 which keeps playing with it, has not been that strong so there is no rising signal which is partly why the investors are still not making a move to jump in and are instead waiting on the sidelines. this can be both a good and a bad thing because as the  rise starts they will start FOMO buying and that can cause a big spike.

[BlueStackz]

Nothing is guaranteed... Everything is just a prediction.

It is for sure that bitcoin will rise again and will create a new ATH, but the question is when and how.
So far I don't see any concrete news or powerful activities from large entities which may lead bitcoin to its new ATH.

However, the bitcoin range from $3000-$4000 is best for accumulating as much as possible before the rocket launch to the moon imo.

That is what the person  you replied to is just trying to say, that BTC increase in value is in our hands, what is the bull run we are talking about, it is not a bug or a system that will be released into market, the bull run is as a result of our activities on that coin, though major part of it might come from someone with the purpose of making it happen for its benefit, but it can also happen without the input of whales through our supports for the system.

Let’s say we need 300 million dollars to be pumped into the market for BTC price to reach $150k, predicted by a whale that has that money at once might decide to do so at his own risk but if we have about 1 million people adopting the use of bitcoin this year with deposit of 300 dollars each, have we not pushed the market to bull run ourselves with our adoption?

[gabmen]

Hopefully, because bitcoin is down for so long but this is not guaranteed since many speculations that stating bitcoin will have its another dump before it finally go up. The market should be more active this time, we need to see bitcoin on top again but we have to wait for that.

I don't think anyone can provide a guarantee that the price of bitcoin can return to expensive if you don't support buying bitcoin, because you have to know to be able to make the increase in the price of bitcoin there must be someone who buys a lot of bitcoin.

Nothing is guaranteed... Everything is just a prediction.

It is for sure that bitcoin will rise again and will create a new ATH, but the question is when and how.
So far I don't see any concrete news or powerful activities from large entities which may lead bitcoin to its new ATH.

However, the bitcoin range from $3000-$4000 is best for accumulating as much as possible before the rocket launch to the moon imo.

yeah, unfortunately this rise to $4000 which keeps playing with it, has not been that strong so there is no rising signal which is partly why the investors are still not making a move to jump in and are instead waiting on the sidelines. this can be both a good and a bad thing because as the  rise starts they will start FOMO buying and that can cause a big spike.

Well i don't think it'll be as easy as before for people to jump into any fomos. People saw what the last hype did and what happened to those that got stuck when they fomo'd. Prepare for the long haul. Bitcoin may have bottomed out at 3.2k but it's going to be a long slow road to another ath

[davinchi]

I hope that we do not see $3,000

But the possibilities to see that number still there and we don't know if the price could increase higher in this year or not. They can say that the price will go down deeper in this year, but as long as we can analyze the price itself, I am sure that we could adjust ourselves with the situation and conditions.

Despite the fact that whales are accumulating Bitcoin a lot these period, I don’t see them dumping anytime soon, many people are investing right now because this is the best stage for investment, the reason why we are not seeing sudden increase is because of the balancing coming through g buy and sell trade, the number of buy is not outweighing sell and vice versa, but once the number of buy outweighs sell which I see happening this year from prominent investors, we will definitely see a further increase in its price and not decrease.

[exstasie]

April is a touchy month because you need to realise that April 15th is when taxes are due in the USA. Even though it was a bearish year, there are people who still made crazy profits.

I doubt it'll add much selling pressure this time. This isn't like Tax Day in 2018 where virtually the entire market was making insane gains until December 2017. There was no bubble this time. Anyone who made crazy profits in 2018 (which is very few people) already cashed them out a long time ago. If they actually held all their profits in crypto throughout 2018, then they lost all their profits and might even be in losses now.

You can see this supply dynamic in the charts too. Last year, we downtrended all of March up to Tax Day. This year, we've been uptrending all March.

[adzino]

Despite the fact that whales are accumulating Bitcoin a lot these period, I don’t see them dumping anytime soon, many people are investing right now because this is the best stage for investment, the reason why we are not seeing sudden increase is because of the balancing coming through g buy and sell trade, the number of buy is not outweighing sell and vice versa, but once the number of buy outweighs sell which I see happening this year from prominent investors, we will definitely see a further increase in its price and not decrease.

Why would they dump now. They will need the price to go higher for them to be able to dump with profit. Now the real question is, then why aren't the whales buying more and pumping the price? Well they obviously are suffering from uncertainty.
We don't want all of a sudden rise in the market. Its better the current way. The slow and steady rise is what we actually want!

[PuertoLibre]

Let's hope we will not see 3000$ and there will be new uptrends in future. April is known with small upward impulses from the chart of Bitcoin but this is my subjective opinion regarding the matter.

[mirakal]

Let's hope we will not see 3000$ and there will be new uptrends in future. April is known with small upward impulses from the chart of Bitcoin but this is my subjective opinion regarding the matter.

We have a good price movement for one month now.
Although when BTC reached $4200 last month and dump at $3,800, but it has slowly recovered and bring us to $4,000 now.
The recovery is good since it's stable and this is what we are looking to be considered it as a healthy growth.

[dothebeats]

The charts have painted a pretty good picture for the past few weeks, and if it's telling us something, it's that we're in for some surprises in the coming months. Overall volume for the whole market has increased without any significant change in the price, which is still bound to $3600 - $4000. If anything, it tells me that people are already accumulating silently while letting the unknowing ones think that this is just normal fluctuation on the daily volumes.

[kodtycoon]

of course even though it was the opinion of the trader known as the "galaxy" I did not hesitate to say "Yes" to what he mentioned, well sometimes we have to look at previous patterns have happened in the past and yes we also must to see various kinds of indications in the field. so by the way I concluded the same thing mate we would no longer see a price of between $3000

[el kaka22]

I feel like we are on the verge of something big as well, like I know it has been said for years now, ever since we started to fall from 20 thousand dollars everyone has been saying we will move up and it has been over a year and there is no upwards movement at all but I feel like we are very close.

Think about it there is almost 1 year left for the halving and people will buy way early so they can benefit from the increase of price, the price will increase for the next 1 year, they need to start early so they are not too late, who would want to buy from 18 to sell at 20, they want to buy from 4 and sell at 20, that's five times the profit. So all in all I think people will start to buy and continue buying until the price starts going up for real and we get closer to the halving, I don't know what will happen afterwards though.