New Bitcoin support! Fall or rise?

[adaseb]

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Alt rallying doesn't mean anything this cycle. They have been rallying on and off for the last 6 months or so. Its different because in 2017 it was mostly BTC rallying entire year, then alts rallied alot and then everything dropped. This cycle is a little bit different because we either have alts rallying with btc, or vice versa or sometimes they are both rallying.

So since BTC topped $65K a few weeks ago and alts like ETH are running down, it doesn't seem its like 2018 where everything just rallied like crazy and popped. The rally was much stronger in 2018. The only coin that rallied really hard is XRP and DOGE. Everything else is just going up slowly and steady.

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[virasog]

In a meeting with my friends yesterday, we discussed the fact that Bitcoin has shown a decline that is unprecedented in recent months.
Yesterday we saw a price touch of $ 47,000 and today we had a good growth up to the range of $ 52,000 and I emphasize again that the main price range of Bitcoin will be at $ 44,000 and according to the market situation I will update this analysis but now the most support in The range will be $ 44,000.

Everyone was thinking that bitcoin price will reach 43-44K when it was dumped near 48K. After a week now the prices did not fall to this level, instead we pumped back to 58,000$. This means that there is a lot of demand for bitcoin and bull market isn't over yet. Keep in mind, if we would have fall below 40K, it would have been a start of  bear market, but nothing of that sort happen till now.

[pooya87]

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

[MFahad]

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

[Dave1]

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

Exactly, those pump and dump altcoins are not going to sustain it's run. Sooner or later investors are going to dump them hard, and where else they will go? - Bitcoin. That has been the case in the last bull run.

So it doesn't matter how altcoins are doing for now, bitcoin above 50% or even 40% is still healthy for us. And then institutions and whales and retails started to pour their money on the ecosystem, those altcoins are going to be affected for sure.

[Pamadar]

In a meeting with my friends yesterday, we discussed the fact that Bitcoin has shown a decline that is unprecedented in recent months.
Yesterday we saw a price touch of $ 47,000 and today we had a good growth up to the range of $ 52,000 and I emphasize again that the main price range of Bitcoin will be at $ 44,000 and according to the market situation I will update this analysis but now the most support in The range will be $ 44,000.

Everyone was thinking that bitcoin price will reach 43-44K when it was dumped near 48K. After a week now the prices did not fall to this level, instead we pumped back to 58,000$. This means that there is a lot of demand for bitcoin and bull market isn't over yet. Keep in mind, if we would have fall below 40K, it would have been a start of  bear market, but nothing of that sort happen till now.

There are big players who understand the sentiments of this market they are willing to push ahead.

It seems that many has been shaked and those who sold their assets are now regretting as the market bounce back again and bring
huge profits especially those who are good in short term trading.
Practice to have much longer patience it helps a lot in surviving from this journey, investing have lots of challenges but if you do perform well it compensate a lot.

[traderethereum]

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

Maybe people focus now on the altcoins and try to make more bitcoin from buying and selling the altcoins.
Once they can make many bitcoins, they will back to bitcoin and maybe that will be the time for bitcoin to start the rally because people who do not make a profit from the altcoin will try to buy bitcoin and that can lift the bitcoin price to the high price.
But unfortunately, that is just a scenario or speculation that we do not know if that really happens.
At this time, we should try to make as many bitcoins as we can or make more money so we can use that money to buy bitcoin at a low price before the price starts to rally.
This time, maybe the bitcoin price will make a correction for some time, so be careful.

[Reatim]

In a meeting with my friends yesterday, we discussed the fact that Bitcoin has shown a decline that is unprecedented in recent months.
Yesterday we saw a price touch of $ 47,000 and today we had a good growth up to the range of $ 52,000 and I emphasize again that the main price range of Bitcoin will be at $ 44,000 and according to the market situation I will update this analysis but now the most support in The range will be $ 44,000.

Then what happened to the conversation Yesterday? as the Value of Bitcoin reached 58,000$ again? does it mean your talkings only happen when the value is falling but not when rising? that's unfair for the Crypto community that wanted to hear the good and bad news.
Anyway Hope that the air changed now as the price of Bitcoin is showing strong again ang making it to the top in the next days.

[magneto]

I honestly think that right now, $50k can probably be safely declared as a new support.

The institutional support and demand has been absolutely incredible. Even though some are concentrating on Tesla taking some profits, the fact that the vast majority of invested institutions are still strongly bagholding as well as the fact that even TSLA did not liquidate all of their positions (in fact, not even most), should be an encouraging sign for future adoption.

With that said, I don't expect a bear market to crash through any time soon. Simply too much bullish sentiment and well-deserved FOMO right now.

[Mr.Scott]

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

Agreed, but been expecting it for a while and nothing major yet. Since it's clear now BTC dominance is decline constantly. There's a bunch of people starting to accuse BTC is no acting as ETH, this is just for short term. I'm personally loving it cause Alt season incoming. Bitcoin is trading between support zone, nothing to worry about it. Ideally, we will get back BTC $60k soon.

[RealMalatesta]

I don't expect a bear market to crash through any time soon. Simply too much bullish sentiment and well-deserved FOMO right now.

We are all expecting that to happen but right now bitcoin market is seeming too stagnant without any major price movements. Probably market is waiting for another big news but not sure how and where that will be happening. In some sense I'm just wondering how we have reached up to $55k levels this year but not moving further right now.

We all need right now just another institution to come and adopt bitcoins with long-term plans or any market giant needs to start accepting bitcoins or any government needs to declare about their positive stand against bitcoins or something else which we have not seen in the past. Markets just need another stir up.

[Asuspawer09]

I don't expect a bear market to crash through any time soon. Simply too much bullish sentiment and well-deserved FOMO right now.

We are all expecting that to happen but right now bitcoin market is seeming too stagnant without any major price movements. Probably market is waiting for another big news but not sure how and where that will be happening. In some sense I'm just wondering how we have reached up to $55k levels this year but not moving further right now.

We all need right now just another institution to come and adopt bitcoins with long-term plans or any market giant needs to start accepting bitcoins or any government needs to declare about their positive stand against bitcoins or something else which we have not seen in the past. Markets just need another stir up.

Bitcoin market stabilizes at around 55k$ in the market so I guess it will stay at this market price for a moment until it explodes to a higher market price.

It's kinds of tough when we reach 63k$ in the market so it really needs a push and a lot of investors to break the new All-time high again and to do that we're gonna need a lot more.

I kinda agree we need something that is going to push bitcoin, maybe just 1 good article or giant companies adopting into bitcoin, news about this could easily explode the bitcoin market for sure. But there are some people that expect that this will be the last rally of bitcoin and then it is going down after that.

[LUCKMCFLY]

In the short term, the price has behaved laterally, it has remained at + 0.73%, however the volume it represents in negotiations is considerable, it can be seen that the horizon that paints in the long term is bullish, but it is not necessary Be confident, bears can give an attack like yesterday that puts into context the panic it causes in weak hands, this article is very optimistic:

Despite yesterday's drop, the long-term picture remains bullish as bears have failed to gain footing below the $53,000 mark. In addition, the current bounce was accompanied by the increasing trading volume, which means that there is a high chance of seeing a retest of the resistance around $58,500 soon.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-5

I think that the support that is now $ 56k could easily break towards $ 60k.

[TravelMug]

I don't expect a bear market to crash through any time soon. Simply too much bullish sentiment and well-deserved FOMO right now.

We are all expecting that to happen but right now bitcoin market is seeming too stagnant without any major price movements. Probably market is waiting for another big news but not sure how and where that will be happening. In some sense I'm just wondering how we have reached up to $55k levels this year but not moving further right now.

We all need right now just another institution to come and adopt bitcoins with long-term plans or any market giant needs to start accepting bitcoins or any government needs to declare about their positive stand against bitcoins or something else which we have not seen in the past. Markets just need another stir up.

Don't forget about the retail investors as well, they are the fuel in this ecosystem. And although we have seen bitcoin becoming a hedge for big companies such as Tesla, we can't take away ordinary traders, those who buy everyday to at least push the price, even with little percentage.

So as I have observed in the last week, we are in a period of accumulation again, most likely it will result on a break out run, like in the past months because of retail investors.

[Oceat]

I think that recent dump is just temporary since the price yesterday was almost hitting again to $50k yet it came back to $58k. We can't tell which way Bitcoin will go but thankfully it's staying in a range of +50s but never going to break the 60k resistance. I think if Bitcoin did stayed at the $60 I think there's a huge chance that some people will start to dump and this will cause the price to plummet back to +50 something.

So far there's no fud yet that would make Bitcoin decline suddenly so it's a good sustaining price if you want to scalp with this price action.

[ene1980]

Exactly, those pump and dump altcoins are not going to sustain it's run. Sooner or later investors are going to dump them hard, and where else they will go? - Bitcoin. That has been the case in the last bull run.

So it doesn't matter how altcoins are doing for now, bitcoin above 50% or even 40% is still healthy for us. And then institutions and whales and retails started to pour their money on the ecosystem, those altcoins are going to be affected for sure.

If you are talking about pump and dump then you need to talk about the entire market and these institutional investors who pumped billions of dollars in the market will dump everything at a later time and when that happens the entire market will have a major correction which includes Bitcoin and you might not see some of the alts rising again after this dump and with regulations expected in the next 3 years we might be seeing the last crazy bull run in the cryptocurrency market.

[Gaaara]

I think that recent dump is just temporary since the price yesterday was almost hitting again to $50k yet it came back to $58k. We can't tell which way Bitcoin will go but thankfully it's staying in a range of +50s but never going to break the 60k resistance. I think if Bitcoin did stayed at the $60 I think there's a huge chance that some people will start to dump and this will cause the price to plummet back to +50 something.

So far there's no fud yet that would make Bitcoin decline suddenly so it's a good sustaining price if you want to scalp with this price action.

Bitcoin did another correction and its going back from its current phase, it needs another correction before hitting $60k but I agree with it staying at a range of $55k to $50k and if it falls down below $50k then it will surely make a pump towards the $60k price ceiling and after that being broken then we could expect more.

[ice098]

We can still calm knowing the Bitcoin price is still stable above $ 50k, it seems like it still takes time for the Bitcoin price to go back up to a price
above $ 60k. Hopefully in the near future there will be positive news that can trigger the Bitcoin price to rise above the $ 60k price.
Now we just need to be a little patient waiting for the price of the Bitcoin pump. Because indeed sometimes we need patience to be able to get
large profits from Bitcoin.

In my own opinion as long as bitcoin exchange rate was still on the amount of $50000 up for it is still good.
Actually it is really hard to oredict what might be the next trench of bitcoin path be it a rise or a fall but as what I have seen in the market the strong resistance on bitcoin exchange rate dominates the market.
We may have different technical analysis when it comes to bitcoins upcoming new price but I know that we are in one of thinking positive and aiming for a good price ahead on bitcoin.

[bitterguy28]

I think that recent dump is just temporary since the price yesterday was almost hitting again to $50k yet it came back to $58k. We can't tell which way Bitcoin will go but thankfully it's staying in a range of +50s but never going to break the 60k resistance. I think if Bitcoin did stayed at the $60 I think there's a huge chance that some people will start to dump and this will cause the price to plummet back to +50 something.

So far there's no fud yet that would make Bitcoin decline suddenly so it's a good sustaining price if you want to scalp with this price action.

Bitcoin did another correction and its going back from its current phase, it needs another correction before hitting $60k but I agree with it staying at a range of $55k to $50k and if it falls down below $50k then it will surely make a pump towards the $60k price ceiling and after that being broken then we could expect more.

Did you understand what you are saying here?

Bitcoin had already Drops below 50k yet there is no another breaking of 60,000 so when would that be? another downfall ?

You are joking right?

[jaberwock]

Bitcoin did another correction and its going back from its current phase, it needs another correction before hitting $60k but I agree with it staying at a range of $55k to $50k and if it falls down below $50k then it will surely make a pump towards the $60k price ceiling and after that being broken then we could expect more.

Did you understand what you are saying here?

Bitcoin had already Drops below 50k yet there is no another breaking of 60,000 so when would that be? another downfall ?

You are joking right?

I do not think that it will have another correction under 50k anytime soon, but I do believe that it will go over 60k you are just rushing it. The options were "go over 60k or have another correction under 50k" and I think it was a quite blanket statement that covers everything. As long as it goes over 60k he is right, as long as it goes under 50k he is right, there is no way he could be wrong at this stage because that is the type of thing he wanted to say, whatever happens he will be right and will say "told you so" there are people like that.

It is basically saying "it will either go up or go down" and they just don't give a time so they are always right. I would say there is no under 50k anytime soon, and 60k will come in May for sure, that is what I believe. It is not just 60k+ neither, I believe a new ATH will come during May as well.