Bitcoin Is Up a Staggering 3% But Can The Rally Continue?

[JessicaVL]

Bitcoin has challenged and surpassed the $4 000 level it has been haggling with recently, escalating the currency up 3% against the U.S. dollar. On the tail of Bitcoin’s bull run other cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash recorded gains in the range of 6 to 18%. Using the momentum of Bitcoin as its strength, the valuation of the crypto market saw a peak of $10 billion in the past week.

Carry on reading here : https://www.cryptofish.com/blog/bitcoin-is-up-a-staggering-3/

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[muslol67]

Bitcoin has challenged and surpassed the $4 000 level it has been haggling with recently, escalating the currency up 3% against the U.S. dollar. On the tail of Bitcoin’s bull run other cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash recorded gains in the range of 6 to 18%. Using the momentum of Bitcoin as its strength, the valuation of the crypto market saw a peak of $10 billion in the past week.

Carry on reading here : https://www.cryptofish.com/blog/bitcoin-is-up-a-staggering-3/

Bitcoin continues its big cycle. When we examine the previous cycles, we see that the average process is 1.7 years. But we have only four cycles to catch this average. Therefore, it may not be reliable. However, when we look at the average value, we can see the price rise gradually until the end of the year.

But the situation for altcoins is more sensitive than ever. Any move that Bitcoin can do in any direction can affect the altcoins.

[Beerwizzard]

From what we've previously seen there is no chance to give a fair prediction for the further price changes. Right now we are testing 4k level but we had the same situation then BTC was around 15k, 10k, 7k, 5k and 3k$ price. It can remain on the same level for couple weeks and then lose 500-1000$ very fast if there won't be any clear trend.

[kkgfhj123]

The price of BTC needs to break the resistance level at $4200. Last few weeks it is testing the resistance but unable to completely break it. Also, we may find a bull run by the last quarter of 2019 as 2020 is next halving. Halving has lead to bull run in the past.

As the market is experiencing volatile conditions, we should back up the prediction with the market experts, who have been the mind and heart of the cryptocurrency market.

Arthur Hayes Bitcoin Price Prediction:

Arthur Hayes, the CEO of crypto derivatives exchange BitMex, on the other hand, have come with a very pessimistic bearish prediction. He changed his earlier prediction statement based on the sudden change in the market. Previously he had stated that BTC has the possibility of reaching $50K by the end of this year, but now he says that BTC will reach as low as $3K and will continue being bearish for the entire 2019.

Anthony Pompliano Bitcoin Price Prediction

In a recent tweet, Anthony Pompliano, founder of Morgan Creek said that Bitcoin isn't going anywhere. He stated that BTC might go as low as $3000, after which it will continue being bullish starting from 2019. He enunciated that there is no reason to freak out on the declining price as Bitcoin's fundamentals are becoming stronger.

Article source: https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019

[niteroy]

If you look at the fact that the price and popularity of Bitcoin are cyclical, the bullish trend is replaced by the bearish trend and back, then the cycle should soon end, during which its price went down, after which the growth will begin, as it was in previous times. I think the fact that the price of Bitcoin has now stopped its fall and keep at the same level is a good sign that the market has reached the bottom and now may be the end of the cycle.

[Bojoko]

There is academical research done that it is pretty much impossible to predict market cycles. Cryptocurrencies are even more volatile than conventional stock market so it is really hard to say anything about if it's going down or up. We certainly hope it would go up!

[Red-Apple]

a tiny 3% rise is not a rally to want to continue it is the normal daily changes that you can easily ignore. we have not yet passed the threshold of the resistance that is up above the $4k yet so that small rise still doesn't matter and you should relax for now and enjoy the stable price while the pumpers continue pumping small altcoins to make more money and get ready for the real rally that is coming soon

[blockman]

Expect that there will be articles like that because the market seems to be green and good looking again. Bitcoin's price reached $4,200 few weeks ago but went down immediately.

I'm still not confident of thinking that $4,000 is the support level because it can go lower than that again.

[Pursuer]

Expect that there will be articles like that because the market seems to be green and good looking again. Bitcoin's price reached $4,200 few weeks ago but went down immediately.

I'm still not confident of thinking that $4,000 is the support level because it can go lower than that again.

because that was the first time price tried the reversal after reaching the bottom around $3100 and you can't expect price to just reverse that fast and easy. at that time basically everyone who has been participating in the market wanted their profit in short term when they bought around the bottom and wanted to sell at $4200 ish for at most 35% quick profit.
right now things are a little similar but not as big since many day traders are accumulating and have higher targets for their profit.

[MakeMoneyBtc]

Looks like the price quickly got back to around 3970$ after surpassing the 4000$ level. This is the second time bitcoin price surpassed that level and it failed to maintain it there but I think it's a good thing that it actually has the power to get over it. In the recent weeks we've been seeing some green days in the bitcoin market and if that continues price should go up to $5-6k in the next coming month.

[betty11]

No prediction will I take to be accurate and dependable. Traders are simply doing their normal activities, soon the market may retract a bit and the whole process rallies and retract. Except there is a major news, I don't really see a drastic spike from these zones $3,800-4k+.

[BrewMaster]

Looks like the price quickly got back to around 3970$ after surpassing the 4000$ level. This is the second time bitcoin price surpassed that level and it failed to maintain it there

if you change your views from "bitcoin price is going from x to y" to "bitcoin price is staying between x and y" you can see that nothing is happening and nothing is "failing". price is currently staying between the higher level at $4050 and a lower level around $3900 and that is a small 3% window which we go up and down in. and it will continue for some more time.

[kaya11]

For what I saw in last few keeps bouncing like a ball, how could it possibly continue to rise when there are no developments coming. Corrections, forks and what may reasons it has to be just to pump the price higher. I believe we will see continues rises when it will reach 5K USD. People will be panicking again and press buy button.

[seoincorporation]

Bitcoin has challenged and surpassed the $4 000 level it has been haggling with recently, escalating the currency up 3% against the U.S. dollar. On the tail of Bitcoin’s bull run other cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash recorded gains in the range of 6 to 18%. Using the momentum of Bitcoin as its strength, the valuation of the crypto market saw a peak of $10 billion in the past week.

Carry on reading here : https://www.cryptofish.com/blog/bitcoin-is-up-a-staggering-3/

Bitcoin continues its big cycle. When we examine the previous cycles, we see that the average process is 1.7 years. But we have only four cycles to catch this average. Therefore, it may not be reliable. However, when we look at the average value, we can see the price rise gradually until the end of the year.

But the situation for altcoins is more sensitive than ever. Any move that Bitcoin can do in any direction can affect the altcoins.

I agree with you, bitcoin is a cycle, and now is just having some nice time, but isn't the turbo bump that bitcoin know how to do. Is just the up and down wave. And about the altcoins, they get affected by bitcoin because their price is based on BTC. So, if the altcoin goes up and bitcoin does too, the profit is huge.

[Kemarit]

Bitcoin has challenged and surpassed the $4 000 level it has been haggling with recently, escalating the currency up 3% against the U.S. dollar. On the tail of Bitcoin’s bull run other cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash recorded gains in the range of 6 to 18%. Using the momentum of Bitcoin as its strength, the valuation of the crypto market saw a peak of $10 billion in the past week.

Carry on reading here : https://www.cryptofish.com/blog/bitcoin-is-up-a-staggering-3/

Bitcoin continues its big cycle. When we examine the previous cycles, we see that the average process is 1.7 years. But we have only four cycles to catch this average. Therefore, it may not be reliable. However, when we look at the average value, we can see the price rise gradually until the end of the year.

But the situation for altcoins is more sensitive than ever. Any move that Bitcoin can do in any direction can affect the altcoins.

I agree with you, bitcoin is a cycle, and now is just having some nice time, but isn't the turbo bump that bitcoin know how to do. Is just the up and down wave. And about the altcoins, they get affected by bitcoin because their price is based on BTC. So, if the altcoin goes up and bitcoin does too, the profit is huge.

We have seen this kind of cycles many times, last time was just last month so I really don't know what's the fuss is all about. I agree, that we should not look as if something is going from behind, just a normal rally, and speculators are not selling until the price goes to $4200 again. . Those day traders are very wise, so it's either you go with the flow or just hold on your coins. So I guess no one should be excited at this minor price spike.

[Zadicar]

In more Bear News.

https://cointelegraph.com/news/new-report-warns-87-percent-of-cryptocurrency-exchange-volume-is-potentially-suspicious

Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist.

The revelations came as a result of calculations of lesser-known exchanges versus well-known businesses such as Binance and Kraken.

“In total we estimated that 87% of exchanges reported trading volume was potentially suspicious and that 75% of exchanges had some form of suspicious activity occurring on them,” The Tie wrote in social media comments on the findings. The organization added:

In other words , the majority of coins volume are fake.

Everything can be faked out thats why dont easily believe on what are the things you saw on your very own eyes.

3% isnt called a rally but rather just an ordinary day here on crypto.It can even go beyond that percentage but cant really be called out as a rally.

[blockman]

Expect that there will be articles like that because the market seems to be green and good looking again. Bitcoin's price reached $4,200 few weeks ago but went down immediately.

I'm still not confident of thinking that $4,000 is the support level because it can go lower than that again.

because that was the first time price tried the reversal after reaching the bottom around $3100 and you can't expect price to just reverse that fast and easy. at that time basically everyone who has been participating in the market wanted their profit in short term when they bought around the bottom and wanted to sell at $4200 ish for at most 35% quick profit.
right now things are a little similar but not as big since many day traders are accumulating and have higher targets for their profit.

Yes those people who bought during the lowest took profits and didn't want to wait further for more increase.

They rinse and repeat that strategy if ever bitcoin goes another level.

[LUCKMCFLY]

Right now it is dangerous to be able to give some prediction, because 3% is a good indication, but it is not the final road to a rally, I think that before being a rally, the best thing to do is wait and be patient, because There is uncertainty in the market.

I think the best thing is that a lateralization can be generated for the market to take confidence so that it can decide to take another small leap up, because in reality it is bearish in nature, but it is clear that we are in a phase of accumulation (According to Wyckoff philosophy) these types of movements are very normal in this phase, therefore the volatility is impressive, we could expect a bullish movement if we observe that the offer begins to disappear or that simply, if the price of the bitcoin goes up without volume. So before you can give a conclusion or prediction, it is better to wait at least these 15 days, to see what important movement can finish defining that 3% that has managed to rise.

[Ararbermas]

That's very difficult to predict if it will continue to rally because it seems still have no enough strength to make more pump IMO..because analyst says this new level is very critical which is bitcoin must defend or else significant losses could be imminent. So this is very unpredictable situation.

[omonuyak]

Bitcoin is making steady grow today and we should expect this to continue.  I think the cryptocurrencies market is seriously actract investments this days as billion of dollars keep flowing into cryptocurrencies market.  Ethereum is also picking up and that is a good sign of future growth.