Now Bitcoin will pump or dump?

[sheenshane]

Supply and demand have a big factor in the value and bitcoins price IF due to pandemic everyone might sell their bitcoin and will lessen the demand from the normal rate. If demand is lower than expected then the supply becomes higher and in order for the crypto world to sustain the changes then bitcoin's price will drop to entice people again to buy or invest again in the crypto world. So, therefore, Bitcoin isn't a scam that has a pump and dump, but yes it can be manipulated.

This was the scenario during the first few months of a pandemic that makes the value of bitcoins dump however since people are starting to relax again even lockdown or ECQ is ongoing they are now returning to have their assets back to what was it before. In this case, people started again to buy bitcoins that make it's valued higher that will also reflect its price especially people nowadays are considering bitcoins and cryptocurrency are safe havens that will give us a bug pump up the value of bitcoins.

Have you notice Bitcoin showed improvement this week. It's almost $8K price.

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[pooya87]

Bitcoin will be on $10k for the end of 2020 according to Tone Vays. I reckon many of his critics might be beginning to listen to him after making the correct prediction of bitcoin dumped to $4k, 1 month before it occured hehehe.

that is why Youtube is flushing all the people like him out of their platform. they make some random guess and when it comes true they milk it as much as they can and mislead an even larger number of newbies who are desperately confused about the market situation and want someone to tell them what to do. hehe.

[adaseb]

Since the halving is exactly 2 weeks away, and stock market looks like it might print newer highs and there is still a correlation between the two. I have a feeling that the $8K area will most likely get engulfed.

Basically everybody is trying to short that area. Mainly because its huge supply when we dropped from $8K to $3.5K very quickly and also because we are currently into what is known as a bearish flag.

However knowing the way bitcoin behaves. When most people take the trade in one direction, usually the opposite happens.

[Wexnident]

A rally is quite expected especially since the price drop last time was quite steep. Everyone is testing the waters early on and seeing as the reaction is quite positive, the market decided to push forward. Currently, we are on the end of April and approaching the start of May, which is the month of halving. If we base this on past halvings, you could see a steady growth of price after a few months of halving. That time period also shows a certain steady growth and doesn't really show any big dips so far. Honestly, just based on what the Halving does, we can all expect a rally, the question is how big though. Seeing as the current state of various countries right now, I'm pretty sure there would be positive changes in the market, but it would rather be limited.

[maydna]

I imagine bitcoin price will get the pump to the higher price, at least the price can break more than $8k before halving. And after halving, the price continues to increase higher and reach $10k. I guess we have an opportunity to see another increase at this end of the month, and in the next month, we can hope bitcoin price will come stronger than now to break another higher price.

Perhaps, the price can be back to $7,700 in a few hours later so we can back to make a profit again. But everything will depend on the market, and if there is more support happens in the market, then yes, the price can increase higher. But if it's not, then the price will make another correction.

[Smitty Werben Man Jensen]

current market sentiment is still Bullish, many are taking Long positions and the target this time is at $ 8,000, but already 4 times resistance of 7700 is rejected, if you have 100% of my advice positions 50% HOLD that you have with Stop lose, because before halving we don't know Whales's plan

[Botnake]

current market sentiment is still Bullish, many are taking Long positions and the target this time is at $ 8,000, but already 4 times resistance of 7700 is rejected, if you have 100% of my advice positions 50% HOLD that you have with Stop lose, because before halving we don't know Whales's plan

I would better think that whales will think of pumping bitcoin before halving, so I guess we will be back to $8k soon, it's not the highest this year though so it's not hard to accept that, when we talk about the whales, they are just manipulating the market, so TA does not matter at this stage, it's a big guessing game we usually lose because we got too attach with the situation, the halving that would cause some bullish sentiments.

[LogitechMouse]

With the Bitcoin Halving coming in less than 2 weeks, the sentiment of the market right now is Bullish and it already reflected on its price as it is at around $7700 already. I see the resistance at the 100 Daily MA which is at around $7900-$8000 and keeping its price up there for a few days may change the sentiment completely. Just my own opinion .

A short pump like 300-400$ and a short dump like 300-400$ isn't uncommon already as it happened many of times already. Its just that we always see the bigger rise and bigger fall of its price. The sentiments are bullish right now but we don't know what can happen in the next days. Maybe we see manipulators pump it and then dump right after the halving end. We don't know but lets just be ready for it.

[bbc.reporter]

Bitcoin will be on $10k for the end of 2020 according to Tone Vays. I reckon many of his critics might be beginning to listen to him after making the correct prediction of bitcoin dumped to $4k, 1 month before it occured hehehe.

that is why Youtube is flushing all the people like him out of their platform. they make some random guess and when it comes true they milk it as much as they can and mislead an even larger number of newbies who are desperately confused about the market situation and want someone to tell them what to do. hehe.

Tone Vays channel is available in Youtube.

In any case, was the guess really random? He was correct on his last guess only from analyzing the price chart. He might not be 100% correct, however, he might be more correct than many analysts?

Does Tone share his trading record?

[Free1bitco.in]

so far, the achievement of the price of bitcoin has been quite high. we even see the price of $ 7,750 now. it is possible that in the near future, the price of bitcoin can reach prices of $ 7800 to $ 7900. however, developments are still happening. I'm pretty sure the price of bitcoin will pump.

[aioc]

We cannot describe what happens as a pump or dump. The price is moving on a moving average basis, and we have seen some growth over the past 24 hours so the scenarios are open.
Personally, I do not think the price is able to rise, so even if we had reached the price of 8,000 dollars, we might go back again.
Perhaps some are optimistic about bitcoin halving.

I used to be very optimistic at the start of the year, I was thinking $15 k is attainable and possible since we are coming in the next halving year, this usually happens before or after the halving, I have to contend with Bitcoin at $7 k to $8 k level if there are dips then hopefully it will not go down to $6 k level, because of the buy support level.

[Kelvinid]

Have we thought that Halving will use to pump the market price? Maybe I was guilty if I say no because I think the market started to make bullish during halving. $7k is quite a good price for me, we've been at below $4k last month but we are moving away from that price. Maybe we can expect a high price this time as we overcome the dip in the past days.

Well, I was an optimistic person and I am positive that the market no longer to dumps hard even we don't break the $8k resistance.

[Lomberjack]

I would say that it is still uncertain what would really be the standing of Bitcoin in the coming months because the pandemic is still affecting a lot of countries, and is still on a quarantine, making them incapable to contribute to a wider chain of demand the economy needed. But, as the halving is already happening next month their is a high chance that the price of Bitcoin might go into a pump, especially when these days have proven quite a good situation for the Bitcoin because, even when there are still a lot of people in distress about the virus, the price of Bitcoin is still in an uproar and have been continually increasing. Even with the circumstances, this year might still be a year for Bull run, especially when this pandemic is over.

[dmwardjr]

BTCUSD - “POTENTIAL for a Dip Exists Locally; NOT a Dump... PERIOD.” Posted 18 hours ago…
https://www.tradingview.com/chart/BTCUSD/ixAzk1wv-POTENTIAL-for-a-Dip-Exists-Locally-NOT-a-Dump-PERIOD/

BTCUSD - “LONG TERM TIME FRAME Analysis With My Indicators.” Posted 17 hours ago…
https://www.tradingview.com/chart/BTCUSD/I3gxO5Vf-LONG-TERM-TIME-FRAME-Analysis-With-My-Indicators/

[Slow death]

Tone Vays channel is available in Youtube.

I wonder: how long will it take Tom Lee to create his own YouTube channel? if Tom Lee creates his own YouTube channel, then we will see many "experts" from the crypto world creating YouTube channel 


we don't need to be a genius or have a crystal ball to know that the price will increase considerably in the next two months, of course I highly doubt that it will be a very large increase, but what can I be 25% sure Is that the price will increase next two months, prepare the money and buy now if you want to make some decent profit

I would say that it is still uncertain what would really be the standing of Bitcoin in the coming months because the pandemic is still affecting a lot of countries

we are in the crypto world where such an event like halving always has a pump at the price even if the world faces problems this pump will happen

[danherbias07]

$7200 - 6800 is still not the worse number that could happen with bitcoin.
This will just be another walk in the park as they say it. 

Chances of it to happen is after the virus and people can start going out of their houses.
If they can move a lot, they will start spending again. Withdrawals may increase that could cause a big dump.
But the halving is also near, which could be a big thing.
It's really difficult to predict it now. Anything can happen.

[dmwardjr]

$7200 - 6800 is still not the worse number that could happen with bitcoin.
This will just be another walk in the park as they say it. 

Chances of it to happen is after the virus and people can start going out of their houses.
If they can move a lot, they will start spending again. Withdrawals may increase that could cause a big dump.
But the halving is also near, which could be a big thing.
It's really difficult to predict it now. Anything can happen.

"Here's WHY a DIP and NOT a DUMP Before Upward Pressure Resumes."
https://www.tradingview.com/chart/BTCUSD/s9vCv0U7-Here-s-WHY-a-DIP-and-NOT-a-DUMP-Before-Upward-Pressure-Resumes/

[el kaka22]

If we are talking about right now, I do not see it neither pumping or dumping, those are really huge words that should be at least 20% to 30% changes and I do not see that right now. Bitcoin price is at around 7700 right now, that means 10% change any direction should be around 770 dollars, and 20% change would be 1540 dollars, and that is the bare minimum. So, you should either have around 6k levels or over 9k levels to actually call a movement a pump or a dump.

Do you really think that there is a chance bitcoin could be around 6k or 9k any time soon? I do not see that honestly, I think it could move up or down, it always does move up or down, but I do not see it move that much up and down. And even with 20% that is the bare minimum, I would say 30% is more likely to be called that and there is no way 30% moves anywhere.

[bbc.reporter]

Rather than arguing about the ability of Tone, let us follow this trade to see if he is correct hehehe. Tone Vays has taken profit close on $9k on this trade that he accumulated on $5k to $6k.



However, former Wall Street trader Tone Vays expects this rally to run out of steam, which is why he has already sold his long position to buy another dip.

Source https://u.today/bitcoin-btc-price-reaches-9000-and-crashes-coinbase-but-tone-vays-says-its-time-to-take-profits

[Reid]

Both didn't go right.

It's just amazing how bitcoin could surprise us with a huge change in its price.
Now, it is at $9450 which is a long way from its last price at $7800.
Who would have predicted that?

It took out my plan to buy at a cheaper price.
But, let us see where this will go now. I bet there are a lot of bitcoin owners there who are now preparing for withdrawals.