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

[muslol67]

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

The price was fine I stayed on a level. After a little rest, the price may rise again. If this happens, we can say good times are coming.

[LUCKMCFLY]

It is not just a bomb, it is a movement that was preparing, by looking at the graph you can see that the volume of the movement was something big, and its movement in the market too, which, the operator had to realize that previously at those levels of prices was not so great and could overcome it, however, when analyzing from the theory of Wyckoff, you see the fact of Effort-Result, and you are waiting for reaction from the entire market, the best that can happen is that is stabilized in these price ranges, producing a lateralization, so that it continues to rise gradually, and the bearish sentiment is falling its ideas, it is all a matter of waiting at least 1 week to see how it continues to develop, but the environment is very positive , the iversores are encouraging themselves to buy more.

[talkbitcoin]

the most important thing about this rise was the strength of it based on the buy support that it currently has and the huge spike in the volume in buy orders that has been happening in the past 24 hours. so you can't possibly say it was a "pump" unless you have little familiarity with the bitcoin market.

[shesheboy]

not a pump  ? then what should we call it ?  a  bull trap ? so what if its a bull , most users already sold thier hodlings that is the reason why the price deceased a little . and if its a bull trap then why the price still remains at 5k usd ? hmmpff ?  oh well  ,  for me , the 4k that we expeienced last time is i already considered as a pump  and  i dont know any term to descibe the incease of the price aside from pump .

[Xenrise]

After it reaches $5k, the price went down a little bit. It backed down to about $4900+. But, look at the bright side, the $5k resistance was broke now. That could have a new support but, I don't know why bitcoin went down again at 4900.

[Nowherman]

In the news they write that the rise of Bitcoin to $ 5,000 is allegedly due to the error of trading robots, which worked after one of the traders bought a large amount of BTC at several major crypto exchanges. But honestly, I do not believe it. I think the market is ripe for growth, and we are apparently beginning a new uptrend.

[mrdeposit]

It is kind of weird for the Bitcoin which has 10-15 billion daily volume. I guess pump first affects and then retracts. Anyway, yeah, we are closer to the bull market and continuity would be more reasonable.

[pushups44]

5,000 appears to be resistance, so while the price may have briefly eclipsed that level, it came back down. It will likely retest that level, but before then it may dip on some profit-taking.

[pundit]

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

I think the trend starts like that, first it pumps and comes down and one fine day it starts increasing again but people do not buy with the fear that its a pumping and dumping game again, this time it goes up and up and this is why whales earn in this market and most of the people lose their money here. I believe Bitcoin has spent many months at low price and now community wants it price to be appreciated.We may see a good bull run in near future, lets hope for the best but be prepared for the worst.

[ahmadinejad93]

The current bitcoin price movement can be said to be very fast and a surprising moment for all bitcoin investors. After falling below US $ 4,200, the price of Bitcoin has repeatedly tried to stay above the US $ 4,000 limit. thanks to encouragement from traders for the past 24 hours, BTC prices have managed to break above $ 5,000. This is a big advantage for investors investing in bitcoin before the rapid increase now.

[Malsetid]

It seems we're going to seriously go for that 5k mark again and this time i hope it gets sustained. I'm watching the price from binance and it did go to 5030 at one point. A few more bucks at the moment and we're back at 5k. If it becomes our new support line then the second quarter of this year would be quite promising. The entire 2019 could be promising.

[betty11]

I thought this was the hand work of some whales that could lead to bull trap, but it appears we are set for bull run. Should this momentum continues, Btc will cross $6K this weekend. Who knows, we may hit $8k next weekend. I just hope this is sustained and the FUDers pack their loads and never return. Let the part continues.

[Sebas.tian]

I'm kinda conflicted with these events unfolding. Of course I'm glad because bitcoin's price is increasing again after many months. However I am worried that this would affect the price on the long term. It's like q4 2017 all over again. Price would increase at a fast rate and many newcomers would enter the market, only to get burnt when fud happens.

[jules88]

these guys claim that the price will be 23 in may. what do you think about this?
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019
is the name of the article: Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019

[Wafilian]

last day I saw a big bullish candle and today Bitcoin continuing a bullish trend. I think this breakout validated. now I hope Bitcoin price goes to 5800/5900 then we see a correction. It's just thought don't take it seriously 

[CoinCodex]

Can Bitcoin break the $5K resistance level? Read more in this technical analysis article:

https://coincodex.com/article/3352/bitcoin-price-analysis-btc-rally-continues-the-attempt-to-close-above-5000/

[BitBustah]

$5k seems nice but you have to remember btc still needs to 4x to get back to the previous all time high.  There is still a lot of room for growth and buying in currently is still a very good choice.  Don't be surprised if we get a few more pullbacks on the run up to $20k this time.

[Ziskinberg]

last day I saw a big bullish candle and today Bitcoin continuing a bullish trend. I think this breakout validated. now I hope Bitcoin price goes to 5800/5900 then we see a correction. It's just thought don't take it seriously 

We will be seeing it, it's still very bullish now and I am enjoying the market movement.
Those who constantly check the market, this is your time, just keep looking at BTC price as anytime it could jump high again.

We did not expect that after the April fools where we really enjoy here, BTC will have a big pump, I thought it's too early but now I realize it's just right.
Just like the old days, we didn't see it coming.

[peter0425]

$5k seems nice but you have to remember btc still needs to 4x to get back to the previous all time high.  There is still a lot of room for growth and buying in currently is still a very good choice.  Don't be surprised if we get a few more pullbacks on the run up to $20k this time.

We will eventually get there, but it won't be an overnight process. It's good that the price is really picking up in the last days or so. So obviously, lots of leg room but at least we are now heading on that direction. Of course there will be pullbacks along the way, but if this is really a bull run then it's gonna be difficult to contained or stop it.

[tomahawk9]

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).

Actually, the price broke the 4.5k level during the pump to consolidate around 4.7k before shooting up again to test the 5k which is the price at the time of this post. So it's not like it's been fluctuating around 4.5k-5k.

About staying in these levels, that's what people thought yesterday when the price was stuck in the 4.7k range, and less then 12 hours later, it's sitting at 5k. So, we're at the point where it's very difficult to predict what the next stop is going to be, I've read some comments from people saying that we won't see too much resistance (or at least pull backs) in the 5k's meaning that we could be heading to 6k very soon which is definitely the next big resistance level.