BTC now above $5k, seem like its not just a pump?

[coingecko]

Bitcoin price spiked above $4,900 and fell back down to $4,700 almost immediately
But the price continuously crawled higher and higher for the past 24 hours and it is now above $5k at $5,011 according to CoinGecko.
This round of price spike has no obvious fundamental factors or news affecting it and is fairly confusing to most traders who shorted in Bitmex.
Or are we possibly missing something out?

Bitcoin price: $5,011
24h Low / 24h High: $4,180.30 / $5,037.31
24h Vol: $27,012,290,123
Market Cap: $88,306,071,582

https://www.coingecko.com/en/coins/bitcoin

[Yaunfitda]

You spoke too soon mate:

Bitcoin price: $4,954.81

It seems that $5k, is the next obvious barrier that we can go get over. It we still have some steam going then we could go on another push in the next couple of hours if not then it will settled around the $47++. Not bad though, as the start of the week is really good as we have seen the price just went off. It's gonna be interesting what the reason though with the sudden price increase.

[The Cryptovator]

Seems bitcoin break $5K zone (Binance USDT). But we can see small correction right now. Currently playing around $4.8K and $4.9K. Seems bitcoin failed stay above $5K zone. However its look signal of bull run although we have seen little bull. Bitcoin need to stay above $5K for toward $6K. It should recover first before start any bull run. So we can't say right now what would be next run.

[celot]

I hope bitcoin could raised USD 10,000 and make all of altcoin price will grow up, I have tired waiting more than two years with bitcoin still lower price, by the way hope the same with altcoin could raised up to higher price again.

[rahmatullah9305]

I am confused by prices that have risen as short as this, but for all BTC investors in the crypto community who celebrate this step need to be careful because the exact same thing happened just before the big decline that pushed it below $ 6,000.

[killat]

Everyone was a crypto and investment expert when the whole CRYPTO market was going up. There were threads opened everyday.. Even at times, the entire frontpage was filled with crypto threads. Then the market crashed and all so-called experts slowly vanished.

[alisafidel58]

However its look signal of bull run although we have seen little bull.

The bull and bear are fighting each other in the market. They are trying to get a correct here. Have you seen the pullback in the graphs? I'm pretty sure $5,000 will be a solid price in the coming weeks.

[Beerwizzard]

Right now it is at 4.9$k which can be considered as testing of 5k resistance level. If it won't break it then BTC would fix somewhere around 4.5-4.7k
Ofcourse hopefully it will break it and go forward to 6k and further but I don't really see a reason why it is growing right now.

[traderethereum]

I hope bitcoin could raised USD 10,000 and make all of altcoin price will grow up, I have tired waiting more than two years with bitcoin still lower price, by the way hope the same with altcoin could raised up to higher price again.

I cannot imagine how long we need to wait for the price could raise that price because we still need to increase more than $5,000 so we can reach $10,000. But I am sure that it will reach that number, you need to be patient. Meanwhile, did you are not happy to see the price now can increase more than $4800? Because many traders in out there are selling their bitcoin to take their profit, and they don't want to wait for more and besides that, I am sure that they still have more bitcoin that is waiting for the next pump.

If you feel tired, I suggest you take a break from the market for a while and don't watch the price at the market because it could make you decide to sell the coins you have and you know that you cannot make a profit if you do that. It is better if we could stay calm and take the benefits from these situations and if you can take the profit now, it is better to take the first profit than to wait for another time.

[coingecko]

Everyone was a crypto and investment expert when the whole CRYPTO market was going up. There were threads opened everyday.. Even at times, the entire frontpage was filled with crypto threads. Then the market crashed and all so-called experts slowly vanished.

Totally agree with you on this. It is very clear in the previous bear market where most were very quiet and only a few that is serious about things here are making the actual progresses

[enogheghase123]

we have seen bitcoin around 4.7k and 4.9k respectively for the past 24hours, this may be a sign of a bull run though it is too soon to draw up a conclusive decision, let's keep our hands cross and watch how things plays out in the next 24hours.

[peter0425]

I hope bitcoin could raised USD 10,000 and make all of altcoin price will grow up, I have tired waiting more than two years with bitcoin still lower price, by the way hope the same with altcoin could raised up to higher price again.

Obviously, we can reached that price, but it will take time as we don't want the price to be artificially pump just like we have seen today. It's going steady @$49xx at least it's better that just hovering above $4k and we don't know which direction it's going. At least a good break-out run as pointed out in some TA.

[Haunebu]

we have seen bitcoin around 4.7k and 4.9k respectively for the past 24hours, this may be a sign of a bull run though it is too soon to draw up a conclusive decision, let's keep our hands cross and watch how things plays out in the next 24hours.

24 hours? That is a very small time frame. How about a month? That sounds better.

Bitcoin is hovering in the $4.5k to $5k range currently and I feel like it will stay in that range for quite sometime before breaking out again over $5k and heading towards the next big barrier($6k).

[Herbert2020]

since bitcoin is not a pump and dump like all the altcoins, then your title doesn't make any sense. just because price has gone up it doesn't mean it is automatically a "pump" just like a price drop is not a dump.

a pump and dump is a manipulation which doesn't last either. as you can see with altcoins as they go up they always without exception come back down whereas bitcoin has been rising constantly with corrections after bubbles which price ends up higher than the beginning instead of going back to the starting price ($900 for the last bubble).

[dentolas]

In my oppinion you are definitely missing something out... the guys that draw lines on the charts are just puppets of the market makers, and they will instruct their followers according to the market maker signals... with so few participants and a relative small cap, crypto market is surely easily influenced by individuals/groups...
think about it, two days ago, the gurus were spreading fud... followers shorted... market makers got their money

[IamAltcoinfan]

After getting depressed for couple of months becaus of huge loss and market crash am coming back to crypto world and community . Hope this bull run will not be a fake also I wish it will continue atleast till July then we can recover most of our losses for . Hoping for good days to come .

[Pursuer]

price is not yet completely above $5000 but it is moving towards that. resistance wise at the moment there isn't that much of a resistance on the orderbooks because we have just exited the previously long and strong resistance at $4200 and right now people are expecting the rises to happen so they don't place that many sell orders to cause any resistance.
so if we continue with this rise we can easily see price crawling back up to resistances much higher than $5k and $6k. but if it gets stuck here for more than a day or two then it becomes harder to break it.

[jakelyson]

Still too early to tell, it just has been 24 hours and the price is still spiking. It seems that no one has bought the pump yet even after reaching 5k levels for a while. It immediately went back to 4900 after reaching the 5k level. I say we can find a new bottom once we break in 5500.

[Bitinity]

price is not yet completely above $5000 but it is moving towards that. resistance wise at the moment there isn't that much of a resistance on the orderbooks because we have just exited the previously long and strong resistance at $4200 and right now people are expecting the rises to happen so they don't place that many sell orders to cause any resistance.
so if we continue with this rise we can easily see price crawling back up to resistances much higher than $5k and $6k. but if it gets stuck here for more than a day or two then it becomes harder to break it.

At least it breaks $5k already, today's highest rate was $5,037+
Many people wishing to see the other jump, at least 5,100 in the next few days will be good for the market. Once it keeps on rising then we are facing the bull run, but if it keeps on this current market then we cant expect to see the bull run sooner.

[Wildwest]

That's right, the increase in bitcoin at this time does not have a clear basis and until now there has been no thread that has the phrase.
I sold my bitcoin last week, and now I feel sorry, huh