Bitcoin touched $43k, from $33k in two weeks

[rodskee]

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?

actually the main pump happens days ago from 37k to 41k in just 1 day and now reaching 44k in just 1 night. so yeah Bitcoin is in the hype position now and hoping this will be the breaking of 50k this week as we have been waiting this for months now .
I am ready to take out now and re invest in the future because there seems to be more of this dumping to happen soon.
lets see what is the next 2 weeks will bring and decide for our own to what will be our action towards this .

[Coin_trader]

One thing I am surprised is that there is no reason pushing the prices back up. It means that bitcoin has a lot of strength on its own and thus people invest in it as they believe in it. It is a good thing for all the long term investors as they can be assured of positive returns on their investment.

Actually this is what scares me the most. People are buying due to FOMO without any solid reason to back up the price growth.These kind of price built-up can be easily break once someone manipulate it by creating a massive order. The only reason why the price continue to pump is because retail investors is pushing the price up that's why the price the price is moving slowly in parabolic pattern. In technical analysis, this is a very bullish pattern but there's no fundamental analysis that backing it to make it long term. I really that price will continue to grow and good news will come. A single bad news might reverse everything again.

[Haunebu]

You are clearly a newbie in the crypto world op. The fact is that BTC and other cryptocurrencies don't really need a particular reason to rally or fall in price. This isn't the first time that this has happened and it certainly won't be the last.

This is an extremely volatile market which behaves in unpredictable ways which is why most traders never end up making a profit.

[Luzin]

I am ready to take out now and re invest in the future because there seems to be more of this dumping to happen soon.
lets see what is the next 2 weeks will bring and decide for our own to what will be our action towards this .

Some days indeed BTC has been running up, some resistance has broken and has passed the price of $45k. If you look at the TF 1D candle maybe at this time they need a slight correction to support around $ 41k. My expectations don't break below that price. Next I think Bitcoin could run again to a price of around $49k. This will certainly also affect if there is bad news, it is possible that the child's bulish ends because of it. So I think we have to be careful.

[ethereumhunter]

Be careful because we already see the temporary top price for bitcoin at $45,293 so I guess we will see another correction. If you wait for the correction, you may prepare your money to buy back but if you want just to hold, you can do that and not think about the price movements.

Bitcoin is rallying towards $50k, but that will not happen in a day so you need to wait and be ready with your target price. But it could be a bull trap because I consider that the price is hard to predict.

[e_abrams]

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.

It's back above 43k now and it looks quite bullish, hopefully next target will be around 50k too. Maybe the bearish season really is over.

[TheUltraElite]

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?

The rise is one of the possibilities that could happen once the price had touched stagnancy, it is good thing that the price is going up and the support for bitcoin is building up again, though I consider that it should be supported more when the price is dropping.

It may or may not be a bulltrap. If you are selling, do it already and wait for further movements. If you are looking to buy, you missed out on the opportunity of buying at low and hence dont buy. This is the best advice one can give during a suspected bull-trap.

However, it will be worth watching how bitcoin turns this week because although many are expecting a bullrun to start and hit 50k USD again, I think there is always a chance for it to go down too, support at these levels have been tested few times and it will be worth watching and placing some quick orders.

[Ararbermas]

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 will alway goto which price has a sign that showing a good structure wherein no to first break out or whatever it is as long as i have all the information that can convince me it's fully bullish mode i will invest immediately. Actually I'm a spot trader/investors so for short i don't use leverage.  

[Bitstar_coin]

One thing i have come to understand is that there is always money to be made in any market situation, all you need is capital and the courage to take the bold step,
Now imagine putting in $33k to buy btc ignoring all the scary speculations a lot of people were saying online, following your guts and buy while others were predicting bottom, now btc rose to $43k and you already made roughly $10k within 2 weeks, despite being in a bear market you can still make a profit if you are courageous enough,

On the other hand, it can be the opposite and continue to dip more and your investment will be at risk, so like I said, you need to be courageous and have the capital hence if the market dips you won't be too worried and be ready to hold for recovery.

[BALIK]

One thing i have come to understand is that there is always money to be made in any market situation, all you need is capital and the courage to take the bold step,
Now imagine putting in $33k to buy btc ignoring all the scary speculations a lot of people were saying online, following your guts and buy while others were predicting bottom, now btc rose to $43k and you already made roughly $10k within 2 weeks, despite being in a bear market you can still make a profit if you are courageous enough,

On the other hand, it can be the opposite and continue to dip more and your investment will be at risk, so like I said, you need to be courageous and have the capital hence if the market dips you won't be too worried and be ready to hold for recovery.

In fact, it is not as easy as it sounds.

How do you know $33k is the lowest bottom, It could be gone below $33K. When Bitcoin dumped to $40K from $70K, people thought that Bitcoin would not go down below $40K, those who invested that time suffered losses.

You will never know which is the lowest dip, such short-term trading is very risky, both physically and emotionally risky.
People should be planning for long-term investments to get rid of mental stress.

[tabas]

It's back above 43k now and it looks quite bullish, hopefully next target will be around 50k too. Maybe the bearish season really is over.

It might be and it's also possible that the bear hasn't arrived yet. The dump that we've seen was just a natural correction. Because bearish season is totally hurting and price that it pulls for bitcoin is too low. Right now, it's still testing to go above $45k.
The sooner that it reaches to $45k, it's more worrying because it won't increase continuously. Like what it is showing right now, there's a slight delay and small correction.

[Sebas.tian]

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?

Yes, according to some bitcoin researchers, came to discovered that bitcoin is reallying towards $50k before the end of this month of February. Those that saw the price few days ago when the price was reduced to $40k but right now it has increased to $44 which is about to hit $50k for people to start smiling with their investment.
It has been confirmed by some investors that it is a bull trap to investors to know that the bulling crypto market is preparing to go higher any moment from now in the community. It will be difficult for bitcoin to reduce more than $40k in this season we are because it always change positively during the month of February for investors to prepare well to embrace a good change in their investment.

[coolcoinz]

It's back above 43k now and it looks quite bullish, hopefully next target will be around 50k too. Maybe the bearish season really is over.

It might be and it's also possible that the bear hasn't arrived yet.

Maybe it was already here. By the amount of shorts liquidated in the recent days you could see that the majority was expecting Bitcoin to go down. The majority is usually wrong when it comes to market predictions.

The dump that we've seen was just a natural correction

A natural correction would be much smaller and not coinciding with US stock market drop. When you see people saying it's over for Bitcoin it usually is the time to buy. At the same time when the majority says now it's time for a new high is when you should be cautious.

[Leviathan.007]

The funny thing about bitcoin price is I see many people complaining about the price situation and telling bitcoin price is going to drop whenever the price goes down in short time frames just for a little bit, but the price action of the bitcoin answer them clearly and we could see bitcoin above 43K easily after only weeks as the op mentioned here, however, and regardless of all these I believe whenever we talk about bitcoin and cryptocurrency markets we should change the aspect of the view and should go for a short term investment so we don't need to worry about the price that much.

[carlfebz2]

The funny thing about bitcoin price is I see many people complaining about the price situation and telling bitcoin price is going to drop whenever the price goes down in short time frames just for a little bit, but the price action of the bitcoin answer them clearly and we could see bitcoin above 43K easily after only weeks as the op mentioned here, however, and regardless of all these I believe whenever we talk about bitcoin and cryptocurrency markets we should change the aspect of the view and should go for a short term investment so we don't need to worry about the price that much.

We couldnt really just stay on a certain condition for too long just like when we are seeing a dumping or crashing market on which people do really believe that it would really be over or going to zero

thats why they do normally freak out and having those kind of assumptions on what would happen in the market which is really not that true or realistic.

This volatility is the main reason on why we are here on the first place because if you dont play out with these volatile prices then you would be easily be fucked up.

[kawetsriyanto]

We should be happy, good days are coming back. Soon we will have 60k also.

Not all people take profits although the price is increasing from $34k to $45k. Some people didn't buy in the dip because they already spent all their money when the Bitcoin price was above $50k previously. So, they only keep holding their Bitcoin and altcoins. Except Bitcoin price can increase again above $60k, I assume most people can take profits. However, I don't think Bitcoin price easily jumps to $60k, it is still about $44k.

One thing I am surprised is that there is no reason pushing the prices back up.

Can you explain more?
There should be always many reasons for Bitcoin to increase or decrease. Good or bad news about crypto or Bitcoin can appear at any time. We cannot claim that will be no longer news to influence Bitcoin price in the future. It is impossible for sure.

[NicNacCoin]

We saw a few days ago when Bitcoin suddenly became dumping. Dumping is located in 33k dollar. In such a situation people are very worried but now the market is pumping a lot We can see that Bitcoin is currently in the 45k dollar. But I don't think the price has come down the most this year

[tippytoes]

We should be happy, good days are coming back. Soon we will have 60k also.

Not all people take profits although the price is increasing from $34k to $45k. Some people didn't buy in the dip because they already spent all their money when the Bitcoin price was above $50k previously. So, they only keep holding their Bitcoin and altcoins. Except Bitcoin price can increase again above $60k, I assume most people can take profits. However, I don't think Bitcoin price easily jumps to $60k, it is still about $44k.

One thing I am surprised is that there is no reason pushing the prices back up.

Can you explain more?
There should be always many reasons for Bitcoin to increase or decrease. Good or bad news about crypto or Bitcoin can appear at any time. We cannot claim that will be no longer news to influence Bitcoin price in the future. It is impossible for sure.

The mystery about btc market is that we can't really pinpoint the reasons why the market is dumping or pumping. It is always the combination of so many factors. So you need to keep up with the news in the market. There will always reason why the price is dumping or pumping. Maybe, we are not very aware of the news surrounding us.

[lienfaye]

The mystery about btc market is that we can't really pinpoint the reasons why the market is dumping or pumping. It is always the combination of so many factors. So you need to keep up with the news in the market. There will always reason why the price is dumping or pumping. Maybe, we are not very aware of the news surrounding us.

Well, its good to be aware of the news that can impact the movement of the market because we can get an idea on whats happening and understand why the Bitcoin and altcoins are moving on that direction.

However, even if we know, there's nothing much that we can do about it so it should not be our concern. Regardless of the market situation, it would be best to take advantage it and think of what you want to achieve. Its normal that the price is moving upward and downward so be used to it.

[rodskee]

I am ready to take out now and re invest in the future because there seems to be more of this dumping to happen soon.
lets see what is the next 2 weeks will bring and decide for our own to what will be our action towards this .

Some days indeed BTC has been running up, some resistance has broken and has passed the price of $45k. If you look at the TF 1D candle maybe at this time they need a slight correction to support around $ 41k. My expectations don't break below that price. Next I think Bitcoin could run again to a price of around $49k. This will certainly also affect if there is bad news, it is possible that the child's bulish ends because of it. So I think we have to be careful.

But i think 45k wasn't enough because the barricade stands at 50k since months ago so yes we can see the candle but what we need to see now is the increase per week and not random hyping as this seems to be another Bull trap for me.

like i said I am ready to sell out for a while because the price this past weeks really not making any sense for me.

We saw a few days ago when Bitcoin suddenly became dumping. Dumping is located in 33k dollar. In such a situation people are very worried but now the market is pumping a lot We can see that Bitcoin is currently in the 45k dollar. But I don't think the price has come down the most this year

Lol 45k had just taken for a few minutes and fall back again to 44k and now at 43k .