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Author Topic: Bitcoin touched $43k, from $33k in two weeks  (Read 1211 times)
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February 07, 2022, 08:34:34 AM
 #1

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?









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February 07, 2022, 08:42:51 AM
 #2

Be greed when others are fearful and be fearful when others are greed. The market in last 1 month, not only last 2 weeks has such time for you to do it.

The fear and greed index shows how fearful people are. When the crowd are fearful, and you are not gambling with leverages, it's time to be greed. People are fearful during such events because they over use leverages and in such events, they are facing with margin calls. If you are not like them, you should be greed and use your own capital to buy dips and enjoy it.

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February 07, 2022, 09:11:06 AM
 #3

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

as long as the price broke the $42000 then it is guaranteed that it will not go below $40.000 again and that it will test the $47000 and only after it is above 47000$ the price will test the $50.000, I think this resistance from $52000 only if it is broken we will see the price reach $69000 once again and if it is not broken the price will drop to $42000 again

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

well I'll wait at $50,000 see if the price arrives or if it arrives if there will be any signs of a fall, or in case of any sign that at $42000 I'll sell

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February 07, 2022, 09:15:20 AM
 #4

Bitcoin has pumped
Pump is different than rise.
Pump is what happens to pump and dump shitcoins and it can not be sustained, which is why there is always a dump.

Quote
this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.
This is not a bull trap because what we had before it was a bear trap.
Another reason is because bitcoin was and still is undervalued. In other words bitcoin was in something I call "reverse bubble"[1][2] and that had to pop.

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February 07, 2022, 09:33:56 AM
 #5

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

How can you say that its a bull trap? Bitcoin moved 30% up in 2 weeks but did you remember it dumped 30% in 1 or 2 days only and then it took months for this recovery. I think this is not a bull trap. We have a negative bearish, Nov, Dec and Jan. Now i think after a long three months of bearish price action, bitcoin may stay a month or two in bullish mode.

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February 07, 2022, 09:51:12 AM
 #6

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

How can you say that its a bull trap? Bitcoin moved 30% up in 2 weeks but did you remember it dumped 30% in 1 or 2 days only and then it took months for this recovery. I think this is not a bull trap. We have a negative bearish, Nov, Dec and Jan. Now i think after a long three months of bearish price action, bitcoin may stay a month or two in bullish mode.
Yes, in the last two weeks, bitcoin and cryptocurrencies in general have been rising in price quite well, gradually recovering from the last big drop in November. This seems to mean that the market is coming out of a bear period. To say more definitely, you need to watch the prices for some more time. Bitcoin could well hit $50,000 right now. Well, we'll see. It looks like there will be many more ups and downs.

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February 07, 2022, 09:54:16 AM
 #7

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

How can you say that its a bull trap? Bitcoin moved 30% up in 2 weeks but did you remember it dumped 30% in 1 or 2 days only and then it took months for this recovery. I think this is not a bull trap. We have a negative bearish, Nov, Dec and Jan. Now i think after a long three months of bearish price action, bitcoin may stay a month or two in bullish mode.

I believe what the OP said was, "this can't be bull trap" and I believe we are all agreeing to that. I believe the next two daily candles will further give a clear confirmation of this even though the chat already shows some clear resistance broken.

If we close above the blue resistance line that has been a support line since 2020 and makes that a support line again, I believe we could see s good upward rally as long as there is no new FUD  Smiley

Just my view.  

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February 07, 2022, 12:05:32 PM
 #8

I think bitcoin will hit $50k+ again in this year.Previous 1-2 wekk ago bitcoin price was under $33k and now bitcoin price $42.5k+.Bitcoin touched already $42.5k+ again.I hope market again grow up come in days.I hope bitcoin price will surprise us this year.
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February 07, 2022, 12:20:42 PM
 #9

I think bitcoin will hit $50k+ again in this year.
Very possible and not that far. Just think of how bitcoin went from $32k to $42k-$43k today. If the timeframe is within the year, very possible to move back into that price.

Previous 1-2 wekk ago bitcoin price was under $33k and now bitcoin price $42.5k+.Bitcoin touched already $42.5k+ again.I hope market again grow up come in days.I hope bitcoin price will surprise us this year.
It's already growing that's everyone is becoming active again when they see the price of bitcoin starts to go up. I guess global markets have some little pattern to bitcoin's growth. If the debt of US keeps on increasing, inflation goes up and bitcoin really is going to be a hedge against it which will make the price rise inevitably.

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February 07, 2022, 12:28:01 PM
 #10

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?
Perhaps you'd sometimes wonder how it comes but naturally, that really be going to happen in a volatile market as I think, everything seems to be unpredicted. What I think for now is the market will get back to $50k and make another flip down again. Although it can be possible for the ATH, however, that demand seems not too high compared to the last bull market, I'd predicted the market won't get too bullish this 1st quarter. Not too likely to see but I wish I could be wrong, hopefully.

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February 07, 2022, 01:05:49 PM
 #11

Well, its kinda surprising to me that we saw Bitcoin touching above $43,000 after reaching the $35,000 in just 2 weeks.
Base on the Fear and Greed Index, investors are not still feared but unlike weeks ago that they are extremely feared.

Still, I'm not trusting this rise that happen with the market. Though I bought some Bitcoins when it is below $40,000, I want to go below it once again Smiley. The opposite of it can happen though and we might see Bitcoin go up again but I'm leaning more on the market going down in the next days but if it doesn't happen then I'm still happy that I bought at the near bottom.

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February 07, 2022, 01:20:59 PM
 #12

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

It's too early to call if we are going to rally to $50k, but it good to see that the price did hold at $41k and continue to go up to $43k (although it's rough $42k right now).

So we can't say if this is a bull trap or not, there's a lot of factors to consider, like the sentiments and even the global financial markets right now.

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February 07, 2022, 01:29:19 PM
 #13

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?
Perhaps you'd sometimes wonder how it comes but naturally, that really be going to happen in a volatile market as I think, everything seems to be unpredicted. What I think for now is the market will get back to $50k and make another flip down again. Although it can be possible for the ATH, however, that demand seems not too high compared to the last bull market, I'd predicted the market won't get too bullish this 1st quarter. Not too likely to see but I wish I could be wrong, hopefully.

I am not seeing that bitcoin will attain its new ATH soon, but will slowly go up again to about $50k level. We can only predict this market and grab our opportunity to buy if we feel we are on the right track. The volatility factor is still one attractive feature of bitcoin why a lot of users are going into crypto market. As we can see, only couple of weeks and you will see your profit. But of course, it is not always that case. If you are in this market, you already know about the up and down movement of any alt, not only btc.
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February 07, 2022, 01:37:50 PM
 #14

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

I've placed my buying order from $40K to $20K, 20% of my buying order has been filled, 80% is still pending. I'm expecting a double bottom like previously happened.
Last May when correction occurred, BTC just fall into 30K in a sudden after that a double bottom brought the price down to $28.5K.
If my prediction will go in the right direction and all of my pending orders will fill then I will remain in the market until it touches $100K. I believe we will see a new 100K trend after May 2022.


 

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February 07, 2022, 02:23:32 PM
 #15

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

This is good news today 1 bitcoin price to USD is 42,782.40 almost 43k, we don't know what will happen in the next few hours it might increase speedily,this is right time for hodlers to sell  their bitcoin, its just that one can not predict the rising and falling of the price.

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February 07, 2022, 02:27:55 PM
 #16

Do you guys think the bear market may have ended this soon? Personally, I was convinced it would last for months and months, well into 2022. I really hope I was wrong.
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February 07, 2022, 03:09:37 PM
 #17

Do you guys think the bear market may have ended this soon? Personally, I was convinced it would last for months and months, well into 2022. I really hope I was wrong.

I'm hoping this will be a sign for bulls to come back.
Seem easy money for someone even on the spot market so I'm skeptical in buying back my coins. And might regret hard if the bulls keeps breaking out the resistance. Well a price to pay being paranoid all the time.

33k to 42k is really going to make investors feel the fomo. Just thinking how much I'm ganing already for that bounce will fund me for more than months.


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February 07, 2022, 03:24:51 PM
 #18

Do you guys think the bear market may have ended this soon? Personally, I was convinced it would last for months and months, well into 2022. I really hope I was wrong.

I'm hoping this will be a sign for bulls to come back.
Seem easy money for someone even on the spot market so I'm skeptical in buying back my coins. And might regret hard if the bulls keeps breaking out the resistance. Well a price to pay being paranoid all the time.

33k to 42k is really going to make investors feel the fomo. Just thinking how much I'm ganing already for that bounce will fund me for more than months.
I also hope this is the end of Bulltrap we all know how whales manage the market so easily starting with pump then dump into dip. I am the same as you starting to enter the market at this moment of the bounce back again. i dont wanna regret to lose hope when Bulls keeps run. this the best choice that i have to do for make me relax without regret. I think this week bitcoin will close the candle stick at $48K. Hopefully

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February 07, 2022, 03:33:50 PM
 #19

I think bitcoin will hit $50k+ again in this year.Previous 1-2 wekk ago bitcoin price was under $33k and now bitcoin price $42.5k+.Bitcoin touched already $42.5k+ again.I hope market again grow up come in days.I hope bitcoin price will surprise us this year.
just a suggestion, it's a good idea to improve your post again

talking about the price of Bitcoin, I think a new ATH will be created again this year, it will definitely happen. 2 weeks ago Bitcoin price was below $35k but in the last 24 hours the price has moved up 4.6% to $43k

Bitcoin price volatility is amazing, for those who didn't buy at $32k, you really missed a big opportunity

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February 07, 2022, 03:55:46 PM
 #20

I think bitcoin will hit $50k+ again in this year.

very possible if there is no fud anymore, 50+ will be easier it should be in Q2 later if fUD is not playing ,

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