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arpon11 (OP)
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March 16, 2019, 09:35:00 AM |
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Since December last year that bitcoin fall below $4000 it has make several move of crossing above $4000 and it always get dumped after few days. I think a strong resistance has been created a little above $4000 and that is why we have not see a good recovery after this bear market. As at this moment bitcoin is trading around $4,052 across most of the popular exchange and my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?
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hugeblack
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March 16, 2019, 10:17:23 AM |
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The price has seen a gradual rise from the stability of $ 3600 and then settled at $ 3900 for the past two weeks.
Over the past week, we have seen a decline of around $ 3800 so we are likely to go back to $ 3900 if the price does not rise above $ 4100.
In the past, the price has been rising repeatedly once the stability range has broken, so a surprise may occur at this point and the price will rise or "keep" at $ 4000.
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sunsilk
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March 16, 2019, 10:21:53 AM |
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my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?
Everything is possible with this volatile market. We recently passed and broke $4,000 and we're not far away from the bottom. What's with today is very positive and still we can't predict what's going to happen next. As much as possible, we want to see bitcoin remain above $4,000 and break another high level. The question that circles on my mind, are we going to see the reversal soon? |
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BitHodler
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March 16, 2019, 11:22:16 AM |
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People shouldn't pay attention to round price levels when we haven't even broken through major resistance levels yet. It could very well drop back to $3700 or lower in case of a rejection, and this is more likely than a firm $4000 mark.
The thing here is that people have continuously been disappointed by what the market did in the last 15 months. I rather expect more of the same until we have a clear bottoming confirmation, which we don't have right now.
This of course doesn't mean that the bottom can't be in already, but the trend is what we should focus on, and the trend is super bearish despite the greenish last couple of weeks. Accumulation is what I mainly focus on.
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arpon11 (OP)
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March 16, 2019, 11:45:34 AM |
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The price has seen a gradual rise from the stability of $ 3600 and then settled at $ 3900 for the past two weeks.
Over the past week, we have seen a decline of around $ 3800 so we are likely to go back to $ 3900 if the price does not rise above $ 4100.
In the past, the price has been rising repeatedly once the stability range has broken, so a surprise may occur at this point and the price will rise or "keep" at $ 4000.
That is my thinking too it is seems when it get close to $4100 or a little above it always get pushed down. I believe that if bitcoin can cross $4250 support area there is a great probability that the long term bearish trend is over! We should expect the normal rising from now and we should expect to make some big profits from the market if we can keep holding as bitcoin may likely create another high. The repeated rising and pull back in price for the past three months is also a sign that the bear market is over though the bull is to weak to take the leading. |
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Jating
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March 16, 2019, 11:50:21 AM |
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We can't really tell at this point. Actually I was surprised to see the price goes to $4k without any significant news. It also shows that something from behind might be doing an old dogs trick, trying to manipulate again and set traps for newbies to jump in and they will suddenly dump again.
So just be cautious this rally doesn't look natural to me, just saying.
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Pursuer
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March 16, 2019, 12:45:58 PM |
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I think it is still possible to see the market test $4k or $4.2k resistance a couple of more times before we actually see a breakout happen and the shoot up to above $6k occurs. although there has also been a rather big increase in trading volume recently I still think there are short term traders who are going to prevent this rise this time too by their sales as they think this is the profit they should take out!
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Only Bitcoin
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bitcoin31
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March 16, 2019, 12:56:32 PM |
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Price of the bitcoin is $4000 and my expection or hope will increase more the value. We need to maintain that value for the bitcoin price so the market will know again by the other people do they will invest again and the rising for the bitcoin price will continue for this now and the next target is $5000.
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iqlimasyadiqa
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March 16, 2019, 01:01:51 PM |
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Since December last year that bitcoin fall below $4000 it has make several move of crossing above $4000 and it always get dumped after few days. I think a strong resistance has been created a little above $4000 and that is why we have not see a good recovery after this bear market. As at this moment bitcoin is trading around $4,052 across most of the popular exchange and my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?
There will always be changes at any time. now what we need to do is wait, the market is trying to recover and bring a much better trust. we will get a good situation when we are patient and I am very optimistic that the price of bitcoin can reach much higher. |
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Shinpako09
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March 16, 2019, 01:06:16 PM |
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We can't really tell at this point. Actually I was surprised to see the price goes to $4k without any significant news. It also shows that something from behind might be doing an old dogs trick, trying to manipulate again and set traps for newbies to jump in and they will suddenly dump again.
So just be cautious this rally doesn't look natural to me, just saying.
This could be true, like the previous one but for me, I feel this one seems better. I'm rooting to have a new floor price this time at $4k. If this one lasted longer or even in a week, then this might be a new floor price. Not so far from previous resistance but atleast we finally cross $4k. |
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DeathAngel
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March 16, 2019, 01:36:07 PM |
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I guess the OP got his answer quicker than he expected. We’re sub $4,000 AGAIN. It really seems to be a point of resistance with people dumping as soon as we go over $4,000.
Weird.
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ryap12
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March 16, 2019, 01:39:02 PM |
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Since December last year that bitcoin fall below $4000 it has make several move of crossing above $4000 and it always get dumped after few days. I think a strong resistance has been created a little above $4000 and that is why we have not see a good recovery after this bear market. As at this moment bitcoin is trading around $4,052 across most of the popular exchange and my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?
From what I see, if it does not go up to $4.2k or above then there is a chance it will go back to $3.7k. Just my instincts though through the experiences I have in the cryptocurrency market. But I still hope it goes back to $10k at least for this year so everyone gets a happy face. |
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Bitcoinwaist
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March 16, 2019, 02:02:17 PM |
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why is there resistance at $4k? is it just because its a round number, psychological barrier or is there something else? I don't remember much going on at $4k when the price fell from $6k to $3100? I would think if anything, resistance would be at $6k where most people thought the bottom and was at for several months. what am i missing?
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talkbitcoin
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All I know is that I know nothing.
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March 16, 2019, 03:02:02 PM |
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it really doesn't matter in my opinion. what matters most to me is what is going to come afterwards and how ready i am going to be for that. this rise is going to happen sooner or later whether it is going to be this time or next time in a week from now. the part that i am most interested in is how much price is going to shoot up when the rise begins. meaning right after we break the $4200 resistance and when the FOMO buyers run to bitcoin while dumping their altcoin bags and cause the bitcoin price to suddenly shoot up something like $2000 in only 1 hour!!!
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YuginKadoya
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March 16, 2019, 04:24:58 PM |
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From my point of view in the upcoming next years halving the price now have less volatility than in the last year movement and I think that the $4000 mark is a strong safe zone for the price right now, but we can not be sure about how it can last long it can be a couple of months I guess, But I am glad that we are going into some movement even if it is not a sudden pump a movement like these are OK for me than a less volatility and no movement at all, it can still go for a reversal the resistance for this value is so strong that it takes a couple of days before entering this value.
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eaLiTy
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March 16, 2019, 05:52:50 PM |
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As at this moment bitcoin is trading around $4,052 across most of the popular exchange and my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?
At this stage we cannot predict whether the resistance above $4200 will be broken with this run and if it does then we will see a further push to five thousand dollars before it hit another resistance level probably around $6500, if the market holds up like this by the end of this month then we will see another price rally, it depends upon how the market moves by the end of this month. |
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dodgrad
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March 16, 2019, 06:34:53 PM |
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I think investors are beginning to believe in price stabilization and the end of the bear market, and fresh capital will flow into the crypto market. I believe that the $4k level will be crossed within a month.
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exstasie
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March 16, 2019, 06:55:48 PM |
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Since December last year that bitcoin fall below $4000 it has make several move of crossing above $4000 and it always get dumped after few days. I think a strong resistance has been created a little above $4000 and that is why we have not see a good recovery after this bear market. As at this moment bitcoin is trading around $4,052 across most of the popular exchange and my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?
I wouldn't focus so much on the $4K area. It's a resistance, but breaking it is less meaningful than you think and will probably only be temporary. Even if we tag $6,000 next month, it doesn't indicate a new bull market yet and it doesn't mean we're not going back to the $3,000s. |
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Kopyleft
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March 16, 2019, 08:30:48 PM |
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I do not get the excitement about crossing the $4k mark. It us not such a significant threshold, and in the past weeks the market price has been very stable close to that range.
We can actually start getting optimistic when we see the price within the $6000 range.
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Kevin77
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March 16, 2019, 08:32:32 PM |
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I don't think it will stay above 4000 for too long but I do not think it will drop too much neither. I feel like the levels of 3800-4200 is fairly realistic for now until we move further away in any direction. It could be going under 3800 or it could be going above 4200 but as long as neither of those things happen it will continue going between those prices up and down for a while. Which in terms means that yes price will fall below 4000 again but more like 100-200 dollars at most and nothing more.
So, if you consider 3999 as "under 4000" which it technically is but psychologically is not different from where we are today than yeah it will definitely go below 4000 mark soon. I just feel like as long as we do not get a big change in bitcoin the price is just stuck right now.
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