And back down to 4k :)

[Dr.Osh]

Price keeps fluctuating, the value has now come low to $5000. It looks like resistance gain period, when the price was around $4200 similar growth pattern took place. Possibly this form of price movement will happen till the price moves to a next price barrier. As of now the next targeted price barrier to be reached seems to be $5500-$6000.

yeah, I guess that's a natural thing. bitcoin is a tool for unstable transactions. so, I think the price of falling back to the price of $ 4k is a natural thing. however, of course bitcoin is still being developed, and this will be even higher in the future. I am sure of that.

[Shinpako09]

Well, I expected price going back below $5k again. Like I what I was thinking it's trader selling point but since btc didn't went down into $4.5k, I guess btc will eventually back in $5k in no time. We are all waiting for long time and everyone wanted to see the price rising but it's really part of it so don't feel bad.

[Apes]

relax. price is currently below 5k however the price this week's increase is very unexpected. the increase of up to 22% it was extraordinary. imagine in a few days that many people were fascinated how about next few day. if the price drops just below 5% I consider it normal because those a part of the market correction. let say next week price reach 6K. BTC will be widely reported and more people invest. you will guess what happened next. Bull run.

[gabmen]

Well, I expected price going back below $5k again. Like I what I was thinking it's trader selling point but since btc didn't went down into $4.5k, I guess btc will eventually back in $5k in no time. We are all waiting for long time and everyone wanted to see the price rising but it's really part of it so don't feel bad.

And we did. Hopefull we get to the 5k point and settle from there. It's a good support level if we want to make a run for 10k by the end of the year.

[maxreish]

If you keep on looking at the indicators with different time frames, you will noticed that it will gonna decreased the price and go down  at $4900 in 4hour tf but in 1day tf, it will still go on a bullish trend. Perhaps, we can still had high hopes that it will stay at $5,000 and then another bull run. It is not a possible thing to happen.

[Johnzky]

People pray for bitcoin's price to go up more than they pray to god 

And back up to $5k again so wht can you say about that?

Do you know the meaning of being Volatile?if does then for sure you dont need to make this an issue because this is part of this crypto world everytime price goes up then it will follow by falling then vice versa

[poptok1]

relax. -snip-

This should be written with big, golden letters all over the place. RELAX
Maybe easier said than done for some, but I think being all hyped up by those little changes is actually harming the whole idea.
By tracking the exchange ratios, one is expressing how little he cares about the technology and value of the idea itself.
Not only price in dollars is important in this world, look past that and just try to see the true revolution, not only in your wallet but also within thyself.

People pray for bitcoin's price to go up more than they pray to god 

If there is any god he must be tired of all those prayers, I would be. So maybe it is better to stop praying and do something, before this god gets angry? He has this history of being kinda jealous all the time, ya know   

[Slow death]

People pray for bitcoin's price to go up more than they pray to god 

Most people who go to church who pray all days are people who are constantly committing sins. So the world has changed a lot in relation to religion and making money. today people are more worried about paying their bills than going to church, people today try hard to have money, jobs and when they make investments they will not want to lose money.

[$anounimus$]

If you keep on looking at the indicators with different time frames, you will noticed that it will gonna decreased the price and go down  at $4900 in 4hour tf but in 1day tf, it will still go on a bullish trend. Perhaps, we can still had high hopes that it will stay at $5,000 and then another bull run. It is not a possible thing to happen.

I think when you want to predict the price movement of bitcoin it will never be able to succeed because the price movement of bitcoin is not easy to predict and certainly the price movement of bitcoin depends on how the interaction between buyers and sellers occurs at the exchange.

[barota]

all traders here , if price rise they say it will rise more , if it fall they say it fall more !!!!

[GreenStox]

all traders here , if price rise they say it will rise more , if it fall they say it fall more !!!!

it has become normal when market conditions improve they say prices can go up again and become expensive but I think the price of bitcoin will not be easy to rise because to be able to make the price of bitcoin rise is not as easy as you think.

[BitcoinPanther]

If the the market is in Bull run phase, it is normal for Bitcoin to fluctuate, we can observe some ups and down but the ups will be higher ups, meaning it is higher than previous one, and higher low, higher than previous low.  this scenario will occur many times before it make a steep upward trend. 

[arpon11]

People pray for bitcoin's price to go up more than they pray to god 

We pray to God to help us bring more investors to cryptocurrencies market and enable governments to adopt cryptocurrencies and approved ETF so that bitcoin should be on a bullish track for years.  I think bitcoin is not going down to $4000 for now because it way up was a very hard one and it will be difficult for investors and traders to start selling of the little profits or gain that bitcoin has made.

[Kasabus]

If the the market is in Bull run phase, it is normal for Bitcoin to fluctuate, we can observe some ups and down but the ups will be higher ups, meaning it is higher than previous one, and higher low, higher than previous low.  this scenario will occur many times before it make a steep upward trend. 

The bull run could stay longer and that's what we want to see.
For now, it's quite in the market already and BTC has been stable, but the good thing is that it's stable at a high price.
It's less than a week and from $4,100 we are not trading at $5,030.

GOOD increase so far.

[Yaunfitda]

It's been fluctuating at the $49xx-$5xxx. It could be that there are still who day trade but obviously, they are being out numbered now by a lot of buyers that's why the price keeps going on a ride.

So don't be surprised by the movements. I guess we can call it normal at point. The good thing is that we are not slipping more than we expected.

I wouldn't call it a bear trap either. All signals point that this could be a bull run and that the price could eventually settled around $6k-$65xx sound.

[TravelMug]

It's been fluctuating at the $49xx-$5xxx. It could be that there are still who day trade but obviously, they are being out numbered now by a lot of buyers that's why the price keeps going on a ride.

I agree. Those small fluctuations in price means that buyers are offsetting sellers right now. Bulls are exhausted, there could be few sellers now, and majority choose to buy and just hold.

So don't be surprised by the movements. I guess we can call it normal at point. The good thing is that we are not slipping more than we expected.

I wouldn't call it a bear trap either. All signals point that this could be a bull run and that the price could eventually settled around $6k-$65xx sound.

If this is a bear trap, then they could have opt to exit out early. But the price is going to levels of $5200k. Indicative that this might be bulls territory already.

[el kaka22]

I am loving how OP keeps on saying bitcoin will go down and bitcoin will go down and ... however it is just keep getting higher, hell it never even reached 4k totally, it went down just a bit and now its close to 5k again. He keeps saying bitcoin "network" and blockchain will be clogged yet it is as free as it gets right now, hell someone who sends money with 1 satoshi per byte can still get his money in about 6 hours now (on average) which is insanely fast considering the payment would be fractions of one cent.

I am sorry but your doomsday scenario will not happen anytime soon, however if we could manage to get the transactions around x220 more than the number they are right now than yes we will get it clogged, I mean why not, it could totally have x220 times more transactions than today one day but I am sure we will fix it when that comes and that's a loooooong way to go.

[steveabrahams]

People pray for bitcoin's price to go up more than they pray to god 

Not for me . Of course i'm also hoping the bitcoin price and crypto market go up but i'm not forget to pray to the god too. I mean, i'm understand though, the crypto market is really huge and some people invest a big amount of money to bitcoin and if you look at the price right now it's going up and people pray the price keeps going up.

[Pursuer]

I really hope that someday (soon) we start seeing more mature investors in the market who instead of thinking they can bend the market trend to their own wish, accept the trend change and change themselves to that trend.
unfortunately we keep seeing newbies who have heard the term "FUD" and think if they open a silly topic like this they are actually FUDing and can pull the price down so that they could buy bitcoin since they didn't before and now are regretting that bad decision.

[adaseb]

I think we might head back down to $4K however right now the whales will make more money just by doing another suprise short squeeze to the $5500-$6000 area and liquidate the remaining shorts.

Looking at the order books on Bitmex, if you group it by $250 units you will see that there is $183,000,000 buy orders all the way to $4500. However looking at the ask side there is $100,000,000 all the way up to $5500 so at $5000 its equally distant but not equally distributed.

And looking at past $6000, there are very little sell orders. So if there is a massive short squeeze with many $10,000,000 market buy orders then price should head up very quickly.