Bitcoin is going steadily up, don't you think?

[LeGaulois]

@BlueStackz

Don't be so sure because the fact is the Bitcoin's value increase since January. It's just that the market was stagnating for months without any improvement. The sudden rise doesn't mean we're safe from seeing a correction to back $3,500. which is what people were thinking about as you said.

[Pab]

@BlueStackz

Don't be so sure because the fact is the Bitcoin's value increase since January. It's just that the market was stagnating for months without any improvement. The sudden rise doesn't mean we're safe from seeing a correction to back $3,500. which is what people were thinking about as you said.

I don't believe in any 3500$
4800$ is strong support 4650$ even stronger
Price was going down to 4950$ then rebound
Only one thing what make me nervous are that bifinex premium
it will takes time to pass 6500$ but if that will be done price can sky rocket
It is just beginning of May still accumulation phase
Look at 1D Ichimoku you will see how strong is 4800$ support

[el kaka22]

These steady markets really bringing people back too, I mean most people in bitcoin world during the peak left (okay maybe not most but most who newly joined got back out) so this increase is like another chance for them and I have seen that we have broken the most transactions in a day record top 10 and now we hold like the 8th spot and 10th spot in April of this year so it must mean we are once again seeing a lot of increases as well.

Since we got segwit and now lightning network too the transactions are much cheaper and much faster too so its getting that much easy to get those new people back in. I don't know if that is true, maybe I am totally wrong since I am making this up but I feel like people are coming back to bitcoin after months of pessimistic movements.

[webtricks]

Steady? Bitcoin was struggling between $3800 and $4200 for a month before it jumped to $5000 in a course of 4-5 days during the start of April. Since then Bitcoin is moving between the range of 400 dollars. I don't consider this movement to be steady. Rather it is dangerous one. When Bitcoin surge to $5K+, it was looking safe and $4.8K was developed as new minimum. It was expected to go past $6K over the course of next month or so. But when we look the chart above, Bitcoin didn't show much of the positive signs since then. If this pattern continues for few more weeks, I am expecting a significant fall in price.

[Ronyx]

Do not be too quick to believe in articles, which is more important to make your own strategy to take advantage.

[jhongzjhong]

Steady? Bitcoin was struggling between $3800 and $4200 for a month before it jumped to $5000 in a course of 4-5 days during the start of April. Since then Bitcoin is moving between the range of 400 dollars. I don't consider this movement to be steady. Rather it is dangerous one. When Bitcoin surge to $5K+, it was looking safe and $4.8K was developed as new minimum. It was expected to go past $6K over the course of next month or so. But when we look the chart above, Bitcoin didn't show much of the positive signs since then. If this pattern continues for few more weeks, I am expecting a significant fall in price.

We cant conclude it is steady, or maybe OP was meant that it has a steady price range last month around 300k  dollars to 400k dollars but not quite a long period of time happen. Now, we are heading back into the bullish trend I guess o 600k dollar and I hope it will continue.
Indeed, we don't have a calculation regarding that matter, bitcoin will grow and grow when it comes at the right time.

[shield132]

It seem like Bitcoin has entered an uptrend, since begin February 2019. It is most probably entering a new big bull cycle that will last for months, most probably for longer than one, one-and-a-half year.

I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.

I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.

My feeling is that Bitcoin is going steadily up, at least for the time being.

What do you think?

To my mind word "steadily" is a little bit unuseful when we talk about bitcoin. Can't call this rise from 3k to 5k a steady because for example from 5200 it went to 5000 and then up again. But price was "steady" around 7K, expectation was rise as always because price was steady 7k, why would it fall? But in reality opposite happened and price started to fall. From current situation we don't have even blurry image to say anything whether this rise is steady or not.

[Distinctin]

Do not be too quick to believe in articles, which is more important to make your own strategy to take advantage.

We always have different ways to determine the market, if we agree with the article then there is no reason not to believe it.
I am bullish with what is happening now, so I have to believe on it.
I'm optimistic for a new big run, I'm seeing a new ATH in the making now.

[webtricks]

Steady? Bitcoin was struggling between $3800 and $4200 for a month before it jumped to $5000 in a course of 4-5 days during the start of April. Since then Bitcoin is moving between the range of 400 dollars. I don't consider this movement to be steady. Rather it is dangerous one. When Bitcoin surge to $5K+, it was looking safe and $4.8K was developed as new minimum. It was expected to go past $6K over the course of next month or so. But when we look the chart above, Bitcoin didn't show much of the positive signs since then. If this pattern continues for few more weeks, I am expecting a significant fall in price.

We cant conclude it is steady, or maybe OP was meant that it has a steady price range last month around 300k  dollars to 400k dollars but not quite a long period of time happen. Now, we are heading back into the bullish trend I guess o 600k dollar and I hope it will continue.
Indeed, we don't have a calculation regarding that matter, bitcoin will grow and grow when it comes at the right time.

Don't you think you are using wrong values? Is it happened by mistake or you really don't know the meaning of 'k'?
Anyhow, Bitcoin market doesn't move on intuitions. Market behaves differently every time and it is really hard to find any repetition in it. There are always number of investors who have set some benchmark in mind to buy/sell. If number of sellers are more, then it leads to correction while if the number of buyers are more then it leads to further rise in price. For example, let say BTC moves to $5800 today. Then many holders will see it as a perfect price to sell off while there may be many buyers who will rush to buy at this price in the hope of further rise. If number of sellers will be more than buyers then Bitcoin will fall back down to $5.5-5.6K but in opposite case, it can jump to $6-6.2K.

[worle1bm]

Steady? Bitcoin was struggling between $3800 and $4200 for a month before it jumped to $5000 in a course of 4-5 days during the start of April. Since then Bitcoin is moving between the range of 400 dollars. I don't consider this movement to be steady. Rather it is dangerous one. When Bitcoin surge to $5K+, it was looking safe and $4.8K was developed as new minimum. It was expected to go past $6K over the course of next month or so. But when we look the chart above, Bitcoin didn't show much of the positive signs since then. If this pattern continues for few more weeks, I am expecting a significant fall in price.

Nice Analysis! We cannot say bitcoin is moving steady. There are surely many questions in regards to recent rally. It isn't at all looking sustainable unless more funds started flowing into bitcoin. If volume remains the same then bitcoin will eventually fall back to the level of $4K, It is hard time that we need old investors back into market.

[raven7886]

I see like that too. For me it is better because with steadily, bitcoin price not really extreme to move and it will be good for bitcoin itself. So pumped and dumped not always happen and it can make community will believe and make it stronger.

I am glad that we are all beginning to see bitcoin for what it is, bitcoin has been in its uptrend since 2015, we cannot compare the achievement of Bitcoin now in value to that of 2015, if we could look back, then we will totally believe in the future of Bitcoin.

It is better bitcoin continues on this part of its steady and slow increase, this is better to guide against any form of euphoria that is always resulting to dumping of the coin, sharp increase are what people are now getting use to that is making bitcoin look too slow in progress to them, but good thing about humans, they can easily adjust and adapt, so we have to adapt to this slow and steady increase in price of BTC.

[BigBos]

I think the article is sometimes just information that contains what the author thinks. it might be very good if the author shows evidence or other things. however, I think it's hard to think that the price of bitcoin will continue to rise. even though I'm optimistic like that, but I think that won't be 100% accurate.

[Fredomago]

I see like that too. For me it is better because with steadily, bitcoin price not really extreme to move and it will be good for bitcoin itself. So pumped and dumped not always happen and it can make community will believe and make it stronger.

I am glad that we are all beginning to see bitcoin for what it is, bitcoin has been in its uptrend since 2015, we cannot compare the achievement of Bitcoin now in value to that of 2015, if we could look back, then we will totally believe in the future of Bitcoin.

It is better bitcoin continues on this part of its steady and slow increase, this is better to guide against any form of euphoria that is always resulting to dumping of the coin, sharp increase are what people are now getting use to that is making bitcoin look too slow in progress to them, but good thing about humans, they can easily adjust and adapt, so we have to adapt to this slow and steady increase in price of BTC.

Adopting for the best outcome result, small rise is better than nothing or dumping, we should all be optimistic and positive that this uptrend movement
from bitcoin will be followed by more rise to comes up, analysis like this will bring new investors to realize the potential of this industry.

[Slow death]

I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.


What do you think?

these people follow the price trend, when the price falls a lot they immediately spread very pessimistic forecasts thinking that with this will hit their forecasts and in some cases people spread pessimistic forecasts because they lost money with falling prices. and every time the price increases we see people forecast very high prices, and these people make these forecasts very high prices because they want to gain fame

[Reid]

It seem like Bitcoin has entered an uptrend, since begin February 2019. It is most probably entering a new big bull cycle that will last for months, most probably for longer than one, one-and-a-half year.

I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.

I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.

My feeling is that Bitcoin is going steadily up, at least for the time being.

What do you think?

It cannot be that reason only that they missed the boat.
Influence as you say it. That could be the right term but for a different purpose. Trading. Yes.

If you can somehow make a good trend that could make a little panic for small investors then it will be successful.
These people might have sold their bitcoin and want to buyback at a price where there is profit. So, this one is a strategy which most popular people does just so to shaken the market.
It is already a regular news with bitcoin. For me.

[bitgolden]

I think the article is sometimes just information that contains what the author thinks. it might be very good if the author shows evidence or other things. however, I think it's hard to think that the price of bitcoin will continue to rise. even though I'm optimistic like that, but I think that won't be 100% accurate.

What more evidence do we need again that the analysis he has shown and the proof is even right there in coinmarketcap, have you check the price of Bitcoin lately to see it high performance, I don’t even expect bitcoin to have performed this much with lots of FUD news in the market.

Check that history of Bitcoin for the past few weeks, you will see the proof that bitcoin is already going up steadily, so there is nothing to sow than what is already materializing now, so don’t expect bitcoin to go down again, if you want to invest, do it now as we are still in accumulation stage.

[akela04]

In 2019, the situation in the crypto market is gradually improving, many miners began to return to work.  But I expect more significant Bitcoin growth in 2020.

[bitcoin31]

In 2019, the situation in the crypto market is gradually improving, many miners began to return to work.  But I expect more significant Bitcoin growth in 2020.

Because market increasing now they have big chances more miners will back again but not all. The year 2020 the price of the bitcoin become very high and we know that. But for now improving of what I see is we need to improve that more to see ATH price of the market.

[BigBos]

In 2019, the situation in the crypto market is gradually improving, many miners began to return to work.  But I expect more significant Bitcoin growth in 2020.

Because market increasing now they have big chances more miners will back again but not all. The year 2020 the price of the bitcoin become very high and we know that. But for now improving of what I see is we need to improve that more to see ATH price of the market.

well, when the market price starts to rise, we think positively about positive thoughts. even though at the moment I feel that there is still a long way to go the possibility of bitcoin exceeding ATH. however, I feel that this year the price of bitcoin has the potential to be able to compete at prices reached in 2017.

[DoublerHunter]

Each people have different perceptions in the market price movements, it depends on how they experienced the price of bitcoin on their hand. When bitcoin goes up, many people claiming it will go up furthermore and those disappointed from huge dump they will keep throwing negative news on it that makes bitcoin probably deeper down. However, the fact is we never know when the price going up steady or it is kind of bull trap.