Are we heading in a Sucker Rally ?

[Viscore]

Market can shift from time to time and theres no significant solid signals that we would be heading there on a specific time.Its all random.

That's the nature of crypto, that's why we also need to try to trade regularly so we can use its volatility.
Holding alone is not gonna help us if we keep looking at the market and we get affected by its movement, as it would only blow our mind.

Holders should be calm, willing to hold even if it will take years to make profit.

This market volatility now would not irritate us if we are relax and we believe on the future and if we take advantage to trade it.
When bitcoin pump, we think it will continue, but then again we are back below $7000 and it seems like the struggle still continues.

[verita1]

I also believe that due to the uncertainty caused by the Coronavirus, people are more concerned with basic needs, have stopped buying bitcoin and are buying other assets, and liquidity is declining, causing the price of Bitcoin to demonstrate this behavior. I hope the price does not decrease because once it has settled between 6K, the idea is for it to continue increasing.
Although it is difficult to pin down any theory today.
Guys, Stay Safe!

[michellee]

I am afraid we need to wait for more to see the rally because the market is not increasing higher and tend to stay at a price now, but the chance to go down will be there. Yesterday, the price started to down below $7,000, and we see that the price is at $6,850, and if many traders panic, the price can get lower than the price now. So you need to stay calm and don't panic because that will not help you to make the right decision if you panic.

[HardFacts]

According to analysts we are right now a part of a sukcer rally.

There have been SUCKER RALLY's in BitCoin before, and there will be again.   The days of BitCoin go up in an Economic Bubble are OVER, OVER, OVER.

YES, you should be worried...  Do not try to explain it away or rationalize it away just because you WANT to get rich, the universe does not care what you want.   Ignore reality, and you can lose a lot of money 

Hard Facts

[HardFacts]

I also believe that due to the uncertainty caused by the Coronavirus, people are more concerned with basic needs, have stopped buying bitcoin and are buying other assets, and liquidity is declining, causing the price of Bitcoin to demonstrate this behavior.

NO, NO, NO... GOLD is not declining.  Only BitCoin and other speculative investments are declining 

WISE UP

[Kelvinid]

I am afraid we need to wait for more to see the rally because the market is not increasing higher and tend to stay at a price now, but the chance to go down will be there. Yesterday, the price started to down below $7,000, and we see that the price is at $6,850, and if many traders panic, the price can get lower than the price now. So you need to stay calm and don't panic because that will not help you to make the right decision if you panic.

It is really hard to find the rationally behind this fall. Yet, we surpass $7k in the past days but the market turns back down again. For it may be a kind of market manipulation or another panic selling again or there is actually a sucker rally happening around.
But anyway, I'm not a guy who easily gets frustrated when I saw the scheme like this and I just think this as a common thing to happen in crypto.

[squatter]

Unless an 'analyst' can tell me what's going to happen with this pandemic then I may as well consult my turds as they'll have just as valid a guess as them.

Fuck knows why anyone would even mention TA at a time like this. The world is waiting to see whether it's going to bounce back or fly down the toilet. That is what'll decide the future of everything including Bitcoin.

In general, I side with Andreas Antonopoulos on this topic. TA is already akin to astrology or reading tea leaves -- but especially at a time like this, when infectious disease experts and economists alike have no idea what's going to happen.

When things get back to normal, the inflationary effects of all the money creation will set in. There's a case to be made that money will flow into hard assets, including bitcoins. But who knows when things will get back to normal?

[HardFacts]

and economists alike have no idea what's going to happen.

Stupid people have no idea what is going to happen.   There are PLENTY of guys that knew the ECONOMIC CRISIS was going to happen, what central banks reactions would be, and what is coming in the future..

Things will NEVER get back to normal, those days are OVER...  The economic crisis will last long after the virus is cured....

EDUCATE YOURSELF