This is getting a bit out of hand....

[jubalix]

We need a pull back and then, on?

[figmentofmyass]

We need a pull back and then, on?

we just pulled back > $800/10% in the last 10 hours. it's been a bloody night. enough pullback for you?

maybe we're just getting started. this guy thinks we've just topped and are dropping back to $4k. he's been pretty on point the last several months: https://bitcointalk.org/index.php?topic=5128394.msg51017295#msg51017295

[Adriano2010]

I don't think the price will drop so much, i think is only some pull back but the price will not drop much more in my opinion even if go a bit down, we are at 6900$ now.

[ryzaadit]

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition. Just only PUMP & DUMP scheme, right now we are still on bullish i already predicted we going to correction between $6500-$6800 or $6000-$6500.

[asche]

I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.

I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.

I thought movements like this are getting less and less frequent with bitcoins increasing liquidity and usage worldwide, but I guess it is still too early.

[The Sceptical Chymist]

We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition.

My thoughts exactly, and I've been saying as much in other threads.  Pullbacks/corrections are healthy when the market gets overheated like this.  In any crazy bull market, people rush in to buy whatever it is that's on fire and they expect it to keep going up forever--and it never does.  I would prefer that bitcoin not get to a price where all the fools rush in, because the rest of the long-term investors would be in trouble.

Bitcoin is at $6928 as I write this, so it's not in bubble territory yet.  It would be great if the price could just stay right where it is for a few months and then resume its upward trajectory--and slowly.  But of course the market doesn't care what I want and is going to do its own thing. 

I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.

I would not be disappointed in the least if bitcoin fell back to $6000.  Hell, it was stuck in a tight range of around $3500 for many months, so you won't hear me complaining about a fall to $6k.

I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.

That's what I'm talking about.  Unfortunately when bitcoin starts to skyrocket, it attracts new money--and not necessarily smart money, either.  It would be very easy for the price to blow up to levels that just aren't sustainable, like in 2017.

[asche]

That's what I'm talking about.  Unfortunately when bitcoin starts to skyrocket, it attracts new money--and not necessarily smart money, either.  It would be very easy for the price to blow up to levels that just aren't sustainable, like in 2017.

Good thing is, the higher the market cap, the more bitcoiners, the more money you need to have this effect. So over time things should be stabilizing. It is just a matter of time.

Hell in 10 years gold might have higher volatility than bitcoin!

[shield132]

I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.

I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.

I thought movements like this are getting less and less frequent with bitcoins increasing liquidity and usage worldwide, but I guess it is still too early.

To be fair this "Burst" is what causes strady rise of bitcoin's price. When we were in stuck in 3k usd, then one burst up to 4k caused steady rise up to 5k. Even in past, that bursts pushed bitcoin to go up to 20k. As I see slow rise/fall only gives us steady price and doesn't benefit in further rise but one big burst somehow makes hope of rise among people.
It was exciting moment when I checked price today and it was over 7k but some hours later I got so dissapointed, bad.

[LeGaulois]

$500 up and then $500 down during the last 24h. Wow, the good old days with high volatility are coming back? Sounds good to me. The price is still about +2% compared to yesterday, nothing to think about a correction, maybe in 6 hours we will BTC/USD $7,500. Let's see if the trend continues next week, also the 24h volume tripled compared to a month ago

[mindrust]

I have been DCA'ing for more than a year and I'll continue to do so but I am not buying any big pieces unless we see a good pullback. $6800 was a joke. If it goes up and up and up and up till $50k without giving a decent opportunity to buy, that's fine by me. I already established a decent position.

I am not touching it till I see the lower side of $5k. ($5100-5200) Would make a double purchase from $4.5k. Till that happens, I'll be lowering my DCA amount and sticking to my plan.

It just went above $7k again, which tells us the bulls haven't given up yet.

[Bitcoinwaist]

a pullback was inevitable. that was one hell of a run from $4k to $7.5k we are blessed guys.
if I were a trader I would buy this dip. This pump could continue

[Gozie51]

We need a pull back and then, on?

I'm surprised you are asking for a pull back rather than a continuous bull. The market is green and the ride is good for people who bought earlier. I'm guessing you want to buy and expecting price to drop back 

[Pursuer]

lets not forget that the $17000 (85%) drop was the "pull back", not to mention that the last nearly 50% drop from $6k was the biggest and most unexpected pull back that we had. now we are just "correcting" that wrong pull back so the price is expected to rise like this and look out of hand.
but the truth is, there has been a big sum of money waiting on the sidelines to come back in, all those who sold due to the manipulation have been waiting for this rising signal to jump in and now they are doing it with as much speed that they can considering transfer of money from their banks to exchanges and buying takes time.

[klaaas]

we just pulled back > $800/10% in the last 10 hours. it's been a bloody night. enough pullback for you?

vs the uptrend its peanuts. It settled yesterday on a $-231,14 USD (-3,21%)  this still can bust or break but worse was expected for the doom thinkers.

[Jating]

We need a pull back and then, on?

I'm surprised you are asking for a pull back rather than a continuous bull. The market is green and the ride is good for people who bought earlier. I'm guessing you want to buy and expecting price to drop back 

It's normal, we don't have to see parabolic rise, most of the time we need some healthy pullback so that investors who wants to invest can get it again when it dip.

Currently there is strong support around $7k, but who knows, maybe it can still go down to levels we wouldn't thought possible at the current sentiments of the market.

[hugeblack]

The puzzling question is what is the reason for all this rise ?, Even the best optimists did not expect to return to $ 6,000 levels during this month.
The situation now looks stable but remember that there is a historical resistance barrier at $ 6,700 so the scenario is open between $ 6,000 and $ 8,000. I do not expect to settle at 6,000.

The positive side is that I have started to be very optimistic about bitcoin halving 2020. ----> only 376 Days  

[BitcoinHodler]

i wouldn't really call this "getting out of hand" because we have a long way to go before we reach that crazy stage where price shoots up unexpectedly without any reason and we wouldn't be able to explain it in any ways. right now this rise was not only well expected but also anticipated and explainable. not to mention that it isn't that big a rise to begin with. a small 10-15% rise in a couple of days after months of big crazy drops to unexpected lows is just a natural course of the market correcting itself.

[YuginKadoya]

It can sure pull back anything is possible bitcoin is unpredictable but we can never call it out of hand, Bitcoin is expected to have this kind of movement and that is the bull run, But the unpredictableness of Bitcoin can sure what the traders and investors like about it and even if the price is spiking up it can still go down a bit whenever some whales sell some bitcoin or a bad news might happen to some exchange like what happen to Binance or government that is banning the use of cryptocurrency, Volatileness can sure give cryptocurrency the edge why many like it.

[1Referee]

Bitmex has done more volume than ever before with +$10 billion in a single day. This is indeed leveraged volume, where as per the average leverage used 8-10x the actual volume is $1 billion at minimum. This is absolutely crazy. The thin spot markets are working in favor of Bitmex with how we're bouncing up and down like $400-$500 as if it is nothing.

People were screaming for a bull run before the price took off, they didn't get it. People right now are screaming for a correction, and they in a similar way might not get it. It would make sense based on the technicals to see the price correct, but the price has done nothing but ignore the technicals in the last few weeks.

Right now I'm just chilling and ejoy looking at the live charts. 

[thecodebear]

I would assume more of a pullback is coming, but who knows. When it hit $6400 I figured it'd pull back to around $5600-$5800 before moving above $6k for good, but instead it shot up another $1000 very quickly. We got a brief pullback to high $6000s and now its rallying again to mid-7000s. I gotta figure it'll slow down and maybe level out in this level for a bit, or possibly spend some time in the 6000s. I mean it only spent what like a day in the 6000s - just shot straight though it.

If you look at the start of the last bull market, after the initial pop up out of the bottom (like we had on april 1st) it corrected down and then a few weeks later popped up even higher and kept that price. That's essentially what's happened so far. April 1 pop out of the bottom to start the bull market, it didn't really correct from there but just held price basically and slowly gained for a month before we got this next pop. Maybe we'll see this price stabilize around here for a bit before then gradually starting to move up, or maybe it'll do a series of little explosions like this with stabilizing in between for several weeks. Anyone, exciting to see what happens. Fun to watch the net worth shoot up after accumulating at the bottom all winter!