Will Bitcoin reach $ 3884 again?

[Natalim]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

if this recovery continues, I am pretty sure that the next increase is bullrun. it's just that, we need to be vigilant because other types of investment are still decreasing until now. other than that, I think the recovery has not been as good as when the decline. it's just that I assume that the price of bitcoin will be difficult to go down to the price of $ 3884 if this recovery persists.

What would be the reason for the bull run aside from the halving hype?

I don't think this is quite significant and this recovery would result to a bull run, let's just say it bounce back and that's it, bitcoin still has to prove more and stopping at $6000 only, there is a possibility that the next movement would be down trend.

[Kemarit]

Are we in the bull run divergence now?

Price to be picking up, $6200 currently and still going strong, so the question are we reaching 3884 again? Obviously, not at this point, all traditional markets as well are bouncing, but not as strong as Bitcoin in the last 48 hours. Did people suddenly see crypto as a safe haven now? Or is this a bull trap for all we know? Let's see if we can go back prior to the Covid-19, around $8,000-$9,000 per BTC.

[shoreno]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

if this recovery continues, I am pretty sure that the next increase is bullrun. it's just that, we need to be vigilant because other types of investment are still decreasing until now. other than that, I think the recovery has not been as good as when the decline. it's just that I assume that the price of bitcoin will be difficult to go down to the price of $ 3884 if this recovery persists.

What would be the reason for the bull run aside from the halving hype?

I don't think this is quite significant and this recovery would result to a bull run, let's just say it bounce back and that's it, bitcoin still has to prove more and stopping at $6000 only, there is a possibility that the next movement would be down trend.

what would be the reason ? well so many of them and not only the halving but with the current trend we experience thesedays are you still guys expecting for a bull run ? me ? no not anymore .

before im verry optimistic for a bull run due to the upcoming halving event but all of that suddenly change right after this corona sh8t arived   .  now i dont expect that btc will be on bull mode even if there is halving because there is also a big problem that people are facing  and that is still the virus  .

[Natalim]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

if this recovery continues, I am pretty sure that the next increase is bullrun. it's just that, we need to be vigilant because other types of investment are still decreasing until now. other than that, I think the recovery has not been as good as when the decline. it's just that I assume that the price of bitcoin will be difficult to go down to the price of $ 3884 if this recovery persists.

What would be the reason for the bull run aside from the halving hype?

I don't think this is quite significant and this recovery would result to a bull run, let's just say it bounce back and that's it, bitcoin still has to prove more and stopping at $6000 only, there is a possibility that the next movement would be down trend.

what would be the reason ? well so many of them and not only the halving but with the current trend we experience thesedays are you still guys expecting for a bull run ? me ? no not anymore .

before im verry optimistic for a bull run due to the upcoming halving event but all of that suddenly change right after this corona sh8t arived   .  now i dont expect that btc will be on bull mode even if there is halving because there is also a big problem that people are facing  and that is still the virus  .

The virus is a negative thing, in fact it's the reason the market was dump heavily before this big recovery also.
But is it the halving hype is the reason for this big recovery or there's other reasons? If there is no specific reason, I can think that this will last.

[gentlemand]

It's done it once. It could do it again easily enough. It may however become one of those mythical one time events that are talked about for years afterwards. It happened around a set of circumstances that will never happen again. Bitmex fucking up was probably the prime factor, but the start of a global rout only happens once.

[miningguru]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

if this recovery continues, I am pretty sure that the next increase is bullrun. it's just that, we need to be vigilant because other types of investment are still decreasing until now. other than that, I think the recovery has not been as good as when the decline. it's just that I assume that the price of bitcoin will be difficult to go down to the price of $ 3884 if this recovery persists.

What would be the reason for the bull run aside from the halving hype?

I don't think this is quite significant and this recovery would result to a bull run, let's just say it bounce back and that's it, bitcoin still has to prove more and stopping at $6000 only, there is a possibility that the next movement would be down trend.

what would be the reason ? well so many of them and not only the halving but with the current trend we experience thesedays are you still guys expecting for a bull run ? me ? no not anymore .

before im verry optimistic for a bull run due to the upcoming halving event but all of that suddenly change right after this corona sh8t arived   .  now i dont expect that btc will be on bull mode even if there is halving because there is also a big problem that people are facing  and that is still the virus  .

The virus is a negative thing, in fact it's the reason the market was dump heavily before this big recovery also.
But is it the halving hype is the reason for this big recovery or there's other reasons? If there is no specific reason, I can think that this will last.

The virus is spreading which many countries are declaring holidays because it might be very difficult for the government to delegate the virus. So there are chances to decrease the again when it is halving or because of the virus is spreading, in the same way, there is a chance for the price recovery also.

[bhabygrim]

Seem's like we wouldn't be seeing it soon the price is now recovering so I don't think that it would go down to $3884 again.
I think it is now preparing for halving and it could continue to rise up.

[ethereumhunter]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

if this recovery continues, I am pretty sure that the next increase is bullrun. it's just that, we need to be vigilant because other types of investment are still decreasing until now. other than that, I think the recovery has not been as good as when the decline. it's just that I assume that the price of bitcoin will be difficult to go down to the price of $ 3884 if this recovery persists.

Yes, we see bitcoin can get recover now, but I am not sure if the next increase will be bull run because no one will know what next the movements from bitcoin. We could only guess that this increase would be the trigger for bitcoin to break another higher price, but we also need to prepare if bitcoin price is going down so we will be ready to anticipate for the lost. You already saw that the bitcoin could goes down to that price before, and we still don't know if bitcoin still can increase or not.

[Kelvinid]

Seem's like we wouldn't be seeing it soon the price is now recovering so I don't think that it would go down to $3884 again.
I think it is now preparing for halving and it could continue to rise up.

I hope this current market flow will continue to move higher to have less chance that it comes. We are already at $6.5k and it is quite to see that the recovery started and looking it more pumps to see as Halving come closer to its launching time. Maybe this time we are going to change our mindset and think for a possible bullish market this year. This all possible if nobody will still in panic selling because of the pandemic issue but rather to hold and prepare for the upcoming halving event.

[iv4n]

At this moment anything is possible, in my opinion 3884 dollars (more or less) is possible. I think in next 2 months all markets will continue declining, not just crypto market. Where is the bottom? I believe that there's no a single person that can predict this, we can try guessing and speculating and that leads us to believe that nothing is over, we can see huge changes in hours.
After nice rise Bitcoin is down again, and this time we can go under 5k. I don't spread fud. I am just open for all possibilities, situation is getting worse in some countries, some will introducing more restrictions, and I don't see the near and of this. As long as we have coronvirus situation everywhere around we will have to be ready for worst cases scenarios, in bitcoin case it's going back under 4k again.

[okala]

It is still very possible for bitcoin to fall to $3880 and even below but that is not what matter. It is how bitcoin do recover from it downward trend that matter and it is patience we need more than any trading strategy in this cryptocurrencies market. I believe that bitcoin is far better now than stock and commodity market.

[tbterryboy]

From here on out? I see it going up, way up from here. I know many people think that it is end of the world and maybe humanity will be dead or whatever but we have seen a surging number of recovery right now and that means there are less and less people who are infected when they recover, that is a good thing.

Fact is we are seeing more and more infected people not because they are getting infected everyday, but because we test more people now compared to before so we figure out who has it and who doesn't.

When you hear on the news people who are infected and the number go up, do not forget that the number goes up because we tested them, not because they got infected TODAY, they were infected long ago but we just figured it out. With the increased number of precautions I am sure there are less people getting infected but just more people realizing they are already infected.

[rodskee]

202003106

BTC: Short to $ 3884
ETH: Bearish $ 87
XRP: Bearish to $ 0.1
BCH: Bearish to $ 135
BSV: Bearish $ 80
LTC: Short to $ 24.79

Overall market: bearish

Assets plunged last week:
Bitcoin (-42%), oil (-24%), gold (-8.67%), Italian FTSE MIB (-36.36%), US stock Dow Jones (-16%)

Rising assets last week:
Natural gas (8.11%), tea (8.19%)
Rhodium (13%, up 220% in 2019 for electric vehicles)

We are heading to $7,000 now so maybe there will be no chance to drop down this value again,because yeah we fell to $4,600 but thats the lowest we have got this bear.
There are some ups and downs now because those who bought from 4,000 level are now selling to at least gain 20-30% but we also see the growth is continuing and no signs of falling again.
Let us not exaggerate things instead we need to be positive in every investments we are making.
Don’t look at the bad side instead look in the most positive ways.

[Spaffin]

202003106

BTC: Short to $ 3884
ETH: Bearish $ 87
XRP: Bearish to $ 0.1
BCH: Bearish to $ 135
BSV: Bearish $ 80
LTC: Short to $ 24.79

Overall market: bearish

Assets plunged last week:
Bitcoin (-42%), oil (-24%), gold (-8.67%), Italian FTSE MIB (-36.36%), US stock Dow Jones (-16%)

Rising assets last week:
Natural gas (8.11%), tea (8.19%)
Rhodium (13%, up 220% in 2019 for electric vehicles)

The performance of all markets is really not only alarming, but also a little scary.  But this is only at first glance, since I believe that today the market will show real results of the demand for a particular product.  Perhaps due to the fact that quarantine is declared all over the world, and there is an increased consumption of such goods as natural gas, as well as tea or other goods that people use every day.  People are quarantined at home and this item is much more valued than gold or oil.  The same situation is with valuable materials that are used for the production of electric vehicles, as well as electrical equipment and batteries.  To date, the situation in the world is changing dramatically, because the growth in demand for alternative power sources, as well as environmentally friendly transport is much higher than it was a few years ago.  It seems to me that everything that happens today has a real and objective explanation.  But I also believe that in the near future the company will be interested in digital assets much more and cryptocurrency will increase in value due to increased demand in the market.  legalization of cryptocurrency This is a matter of security of the means and particular of each person, especially in isolation.

[Botnake]

It is still very possible for bitcoin to fall to $3880 and even below but that is not what matter. It is how bitcoin do recover from it downward trend that matter and it is patience we need more than any trading strategy in this cryptocurrencies market. I believe that bitcoin is far better now than stock and commodity market.

That's good for crypto market, the price has recovered and it stayed at $6000 now, very far from the price below $5000 which people think bitcoin could fall further, and good thing it didn't happen and hopefully there will be no more major dump incoming so slowly bitcoin will be back to $8000, a $10,000 is already a great bonus but it could happen as well.

[bitgolden]

Not going to lie I actually said that bitcoin will never go under 5k again because it was looking super strong and it did managed to go under 5k because of this virus out break so I no longer talk that surely about anything and I can't say that bitcoin will never be 3884 again, that is no longer possible because as we have seen already bitcoin can do anything and everything people want it to do.

We all got scared and sold and eventually that lead to bitcoin going under 4k once again after a lot of time (almost over a year) and now we are back above 6k so it looks like it was a mishap and people actually realized that it was a mistake and bought back but that doesn't mean they won't be scared again. One more scare like this and we may see it go back down again.

[Smitty Werben Man Jensen]

we are still in a bearish market situation, if there is still a corona virus pandemic in the world not over, then we must be careful for trading, high volatility will always be there, even bitcoin is rumored to plunge at $ 1000 and will make a long accumulation before bullish again, stay safe everyone

[hatshepsut93]

It's done it once. It could do it again easily enough. It may however become one of those mythical one time events that are talked about for years afterwards. It happened around a set of circumstances that will never happen again. Bitmex fucking up was probably the prime factor, but the start of a global rout only happens once.

Of course there will be many more economic crises in the future, but if Bitcoin will be at much higher level than it is now, it wouldn't crash to $3.8k ever again. So, there's a big chance that this price won't be seen ever again. I think the highest chance for it to happen is now - if the situations for some reason quickly worsens and the same circumstances happen again - a sudden crash across the markets, then Bitcoin could dive again.

[STT]

Revision of prior range is quite normal.   We rise but hit previous trends to selling and the weight of those with orders unfilled,  quite a few people want to trade and make an immediate gain but get caught out and become part of the resistance on the graph to higher pricing.
  It takes time in short, thats before any wider effect and main markets themselves and so on.  6000 should be taken as resistance short term and I think we have the longer term levels to consider also.



Rough area to watch is 5600, if we can stay above then we can consider if it can move positively into the week.

[TheGreatPython]

It looks like 3884 may not happen again. Corona has already happened, we are already there, the financial world already responded to it, bitcoin already fell down because of it. There is no way we will have another response to it because we already gave our answer already. I assume price is at the bottom already, we will go forward from this and go back up.

I see 10k in 2020 and I am not even joking, I do see an insane increase in stock markets as well. Many companies were affected because of this but a lot of them were basically still the same. Just to give an example the stock prices for google is down right now it was around 1247 and now it is around 1119, that is significantly lower, how could a virus that makes you stay at home could affect google? Same happened to amazon. Those will eventually go back up, I am 100% sure.