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

[Harlot]

$5K was never an important S/R level historically. We tested it once on the way up in 2017, and otherwise these low $5,000s haven't really been tested much at all. We need to conquer the long term pivots ~ $5,750-$6,000 and hold above those to suggest anything about a bull market. Not looking at Bitfinex charts either!

That may not seem very far away, but I think there's enormous selling pressure waiting to come in if/when we get there. If bulls manage another wave up, I'd be ready for a wick through $5,800 that gets sold down hard.

I do have to agree with you, ever since I saw Bitcoin broke the 6,000$ support level since last year it has easily go down way past the 5,000$ level without any hesitation going to 3,000$ level. If we really wan't to see Bitcoin in the up trend or at least confirm a reversal we should see it go back above 6,000$. If we take our time a little longer here in the 5,000$ we might just see that Bitcoin move up on another consolidation level which I think is the most likely case if no notable movements happen for this month of May.

[harizen]

I do have to agree with you, ever since I saw Bitcoin broke the 6,000$ support level since last year it has easily go down way past the 5,000$ level without any hesitation going to 3,000$ level. If we really wan't to see Bitcoin in the up trend or at least confirm a reversal we should see it go back above 6,000$. If we take our time a little longer here in the 5,000$ we might just see that Bitcoin move up on another consolidation level which I think is the most likely case if no notable movements happen for this month of May.

The downtrend you are talking from $6,000 is still part of the continous price decrease that started on early months of that year. Therefore, we can't really say that it established a support on that price level.

Now about going back $6,000, I don't know why some people are on rush. Just take a look at how impressive the slow increase coming from $3,000+ price level to what it is now. Even for ley's say that no such uptrend will happen this month, what matters here is, price should only swing around the current price level. If that will happen, we can steadily assume that the support is strongly built and that will lead into fueling another run.

Finger cross.

[adaseb]

It is going up steadily and I think that most people have either already sold all their BTC, sold partially or either hedged their position because they are scared of seeing Bitcoin retest the $3100 area again and if it breaks then it will enter the $2500 or $2000 territory so people rather just take profit here, rather than wait for $6000 which might not come.

Looking at the open interest and funding rate for Bitmex, it seems that many positions are either shorts or hedges due to the high OI and high negative funding rate. Since we are still trending up, its very bullish. And the fact that the Bitfinex/Tether fund hasn't caused the $4700 support to break is even more bullish.

Hence it looks like there is alot of selling but we are going higher so it means there is more buying and so we should see what May will bring.

[LimLims]

The reason for Bitcoin's steady growth,  is the trading volume. I mean just look at the amount Bitcoin is being is traded, then you can know how much BTC will rise or fall.
Bitcoin follows the method of Supply and demand. If the demand is more and supply is less, then the price will gradually high.
I guess for this reason now we can see high price of the holy coin.
Hope this continues further and increases more, so that i can sell my BTC in comparatively higher price.

[TopT3ns]

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.

[Siren]

Really?you.created this thread just for this speculative post?wondering why lol

But yea we are now entering a bullish trend and seeling some good profit slow by slow,we have been in bear market in the whole 2018 and in the beginning of 2019 but this second quarter we are looking good and i have earned some amount from my holdings and looking forward to gain more in this year end

[Herbert2020]

I do have to agree with you, ever since I saw Bitcoin broke the 6,000$ support level since last year it has easily go down way past the 5,000$ level without any hesitation going to 3,000$ level. If we really wan't to see Bitcoin in the up trend or at least confirm a reversal we should see it go back above 6,000$. If we take our time a little longer here in the 5,000$ we might just see that Bitcoin move up on another consolidation level which I think is the most likely case if no notable movements happen for this month of May.

The downtrend you are talking from $6,000 is still part of the continous price decrease that started on early months of that year. Therefore, we can't really say that it established a support on that price level.

Now about going back $6,000, I don't know why some people are on rush. Just take a look at how impressive the slow increase coming from $3,000+ price level to what it is now. Even for ley's say that no such uptrend will happen this month, what matters here is, price should only swing around the current price level. If that will happen, we can steadily assume that the support is strongly built and that will lead into fueling another run.

Finger cross.

the rush that some people has is mainly the product of 2017 which created unrealistic expectations among certain people (which mostly consist of newcomers). they think a rise or a bull market is the same as seeing a gigantic rise in a short time and if anything other than that happens then it must mean bitcoin is dead and should continue dropping more!
those expectations will die off as we slowly rise up though.

[BlueStackz]

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?

Prior to April 1st, most of them strongly believed that bitcoin will fall back low to $3000, they were really shocked to see the price of BTC spike to that price that became too much for them to purchase, so they would rather create FUD to cause dump.

Recently now, I have been hearing that BTC will dump to $4500, they are not buying at this price waiting for $45000, this is how they will miss their chance on this price now till BTC rises to $6000, and it does, we start seeing another FUD news in the market to dump it to $5000, and the cycle keeps going like this till they completely miss out of the next ATH again.

[EdenHazard]

Indeed, in the pass two months bitcoin has been increasing and have a stable price for a bit long. This is pointed out some people will consider that bitcoin can leave a bearish market slowly. Now, the price has been reaching $5500 and sooner will touch the price $6000 and will stable for a bit long after that we can see the price will up again. Honestly, most people who came at 2017 ago has leaved their investment and even gave up to not invest in bitcoin anymore. Whilst this is a best time to start again to restore their lost, but it hard thing to do. I can't imagine how regret they are but it will make them aware to spent money without any knowledge before.

[Distinctin]

The feeling is good now, I've not seen a price movement like last year.
Yes it was steady since it has not dropped below $5,000 again, I think we are into $6,000 very soon.
I monitor the price on a daily basis and it satisfy me and make me believe god things will happen more this year.

[pinggoki]

Its been a year that we haven't seen this movement and it is kinda pleasing. It gives hopes for everyone who believe that it will rise up again. I hope this movement will become more steady and hit $20k again. If this will keep continue we will arrive the $6000 very soon. But it is still too early to celebrate and there a lot things could might happen.

[Cherylstar86]

Its been a year that we haven't seen this movement and it is kinda pleasing. It gives hopes for everyone who believe that it will rise up again. I hope this movement will become more steady and hit $20k again. If this will keep continue we will arrive the $6000 very soon. But it is still too early to celebrate and there a lot things could might happen.

  It really delights people's hope after suffering from long month of bearishness and now the market has shown a good sign for us to speculate and visionize a bountiful future will occur soon. The gradual growth hint a way on surpassing shortcomings of market and with our positive determination, hopefully it will continue to exceed persistently.

[fourpiece]

Most of the people think bitcoin is going up steadily  but dont they know this price increase on bitcoin is a only a bull trap.  But still no one can predict the exaxct way where bitcoin would.go.

[bitbunnny]

Actually I wouldn't agree. At the moment we can see that the price is slowly growing but that definetely couldn't be called steady growth because price is fluctuating, every fews days goes back and forth. Still the trend is looking good but no matter that it's hard to predict how this will continue and if in some time we will have some continuous growth. Don't forget that Bitcoin is volatile.

[dothebeats]

If we're talking about a few months ago for comparison then yes, we're in a continuous increase. If for all time, yes, we are still increasing still if our point of comparison is from the inception of bitcoin. Also, for 3 distinct times we have witnessed that bitcoin is undergoing cyclical stages, so yeah, the past few cycles we find ourselves bottoming way higher than the previous cycle, so if this continues, bitcoin is well appreciating in value over time.

[Johnzky]

Nope because i am tired.of expectations and in the end will bring failure,i would rather think of bearish still and be surprised that bullish is happening than expect something in common like 2018

Maybe this is the best treatment we must have from the majority of losing in 2018 that be mislead by this fake bull

[prtty2gal2]

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 is called a market recovery, we have lost a lot of money from the crypto space ever since we began to see a correction in the price of bitcoin and crypto in general in 2018 and now that the correction is over, we are going to see a recovery in the market, and this recovery is going to happen slowly, then after the recovery, we are going to see a bull run that will drive the price of bitcoin and other top coins in the crypto market very high than we expect.

[BitHodler]

Nope because i am tired.of expectations and in the end will bring failure,i would rather think of bearish still and be surprised that bullish is happening than expect something in common like 2018

Maybe this is the best treatment we must have from the majority of losing in 2018 that be mislead by this fake bull

Doing the opposite of what the mass is doing has almost always done its job well. People were bearish before the pump to $5000 and a massive pump we got. Some really believed we would hit $1xxx levels....

Currently the mass seems to be overly bullish, which is why I am still short. I still expect a sub $5000 correction and I don't think we're that far away from it. The market is overbought and doesn't seem to be that strong anymore.

Of course, I can be wrong and we break through $6000 effortlessly, but that in my opinion is very unlikely. The massive resistance there will keep us busy for a few more months at least.

[target]

AT everydip is a good opportunity, this is where you can profit at every spike of the market especially in this uptrend. For a year of bears being the dominant I guess its also time for bulls to step. I don't know how bulls are going to dominate this time but the market seem to have a steady rise. Its not a proof of bullrun but its going to be a good indication.

[gilangIDR]

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?

The price of Bitcoin for one week can indeed be said to be on a stable pase, there has been no significant price increase and there is no significant decline. In calculation there is an increase, but the increase is in a very small range. however, this kind of thing is a good thing because a stable increase will make the price of Bitcoin much safer and can even avoid a drastic drop in prices.