This Huge Price Increase

[normanz]

I feel the current increase is not a hoax, but it is already the time the bull market has started and the price of the cryptocurrency will continue to grow high.

[1714808113]

1714808113

[tokeweed]

^  It went on reverse the moment you hit the submit button dude.    J/k.

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

[Shohanur]

I feel the current increase is not a hoax, but it is already the time the bull market has started and the price of the cryptocurrency will continue to grow high.

You are right that current increase is not a big deal. It is starting to increase now. Hopefully market will recover its price again. But we should wait more times. We should not impatient right now. Good news is coming soon.

[exstasie]

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

It's a definite improvement from the $6,000s when every newbie had his moon suit on. But I agree with you, my gauge of sentiment is that we're firmly in the "fear" stage but haven't seen "capitulation" or "despair." We probably still need to trample on some hope and shake out some bagholders. That's why I'm still expecting at least a retest of the $3,100 bottom and maybe a harsh spike into the $2,000s.

[gilangIDR]

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

It's a definite improvement from the $6,000s when every newbie had his moon suit on. But I agree with you, my gauge of sentiment is that we're firmly in the "fear" stage but haven't seen "capitulation" or "despair." We probably still need to trample on some hope and shake out some bagholders. That's why I'm still expecting at least a retest of the $3,100 bottom and maybe a harsh spike into the $2,000s.

Everything cannot be predicted easily. Everything can happen to the current market situation.
The increase that occurs is indeed quite significant and this is a good sign that the increase that occurs can be continuous.

[adaseb]

In my opinion, you shouldn't be trading for the next week or so.

Basically whatever market you are trading, there is usually very little liquidity during the Christmas to New Years trading days. Usually there are many spikes up and down and its an easy way to get caught on the wrong side of the market.

We might see irrational moves but most likely we will remain at the exact same price as now next week. Since it will be mostly chop.

[tokeweed]

I got a bad feeling about this one again.  Rumor has it that the latest huge price increase was done by one dude.  One!!!  He prolly just wanted to buy a sh*t ton of BTC and keep it...  K, what happens now?

[bitcoindusts]

I’m not too excited with the changes in price lately, you’re right, this can just be a trick but anyway this could also mean a beginning. I’m not too moved but I don’t underestimate this happening. I stay calm and positive that we are heading to the moon and sooner or later we will be there. 

[senne]

Seriously...



It's like we're being tricked into thinking that the bear market is finally over...    Could end up in another wtf moment with our pants down.

Bitcoin was able to maintain the price up after that sudden jump. So definitely it was not a bull trap. Rather the indicators are now showing a sign of trend reversal. I think that we are done with the bear market now. We might see some correction here and there. But most probably we are going up for another bullish cycle.