Bitcoin's second biggest weekly gain happened yesterday

[elevates]

Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.



What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

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[Husires]

Does the Bitcoin weekly gain give any indication? In other words, if you tracked the index over the past years, you will get any pattern, or are you trying to be optimistic?
The resistance barrier at 25K has been tested several times, and I am sure that it is now weaker than ever, but is demand sufficient to overcome this resistance? The coming days will answer, but if we are not able to break this barrier during the next 10 days, then it is likely that we will return to test the support level at 21K.

[jossiel]

we might see a new ATH by end of this year?

Not yet.

Wait until the next year is over and we'll for sure going to see another ATH by that year end or by 2025. It's going to take a while again until we see it.

We're just 2 years away from the last and highest price that bitcoin has reached. The factor of halving is huge and that's why I'm saying that we might not see that by eoy. But nobody knows if something interesting happens by this eoy.

[adaseb]

11% for a weekly gain is fairly small. There are days when Bitcoin gains 11% in a day and even that is not considered major when Bitcoin in the past had 15-20% days.

We need to see how this weekly candle closes because if we engulf then it’s not looking good. We are going down mostly due to the high inflation numbers and people are worried about a 50bps hike in March. I think most people knew that another rate hike wasn’t off the table and we all knew that rates wouldn’t be cut in 2023 anyways.

[Don Pedro Dinero]

Does the Bitcoin weekly gain give any indication?

Not normally. Normally technical analysis brings out patterns over many more weeks. In such a short term there is so much volatility which can be due to a variety of causes that it is difficult to draw conclusions. Such a rise was moderated the next day and now we are practically the same.

What it does look like is that unless there is a catastrophe we are going to go up gradually. It seems that the worst is over. The rubbish and excessive leverage have been cleaned up, we are gradually approaching halving (there is still a year and a bit left) and we are still at a very cheap level if we look at it from a historical perspective, so I think it will be normal to go up little by little, with ups and downs, but with an upward trend in the medium term.

[mk4]

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

Why should this price movement mean anything? Why couldn't it simply be the fact that people just simply bought bitcoin, because it's highly likely to be the case anyway? Everything doesn't need to have some grand meaning.

[Dave1]

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

And yet by now the price is on the lower $24k, so still the biggest barrier for this month is $25, although we have broken it already, the price though didn't maintain and just when you think that we might a new ATH at the end of the year, it might not happen.

ATH only happens when we are in a full bull run, this ain't a bull run yet, we are still in the bear market and it just so happen that the price from the lowest low of $15,500 have bounce back to $25k. But very far from any indication that we are in a ATH run.

[rodskee]

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

though there is a weekly High yesterday , this does not mean that we will be braking another ATH this year and besides ? the graph shows only for the couple of weeks good movement but what about the next coming weeks?
bull might be here or this will be another trap? who really knows? because for me? I don't really care for now instead I will wait for the next couple of years to predict my final decision .

[LogitechMouse]

~
What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

None of what you said.
 
Ok the market is up 11%. Is there any significant thing to that? I mean is it the first time we saw Bitcoin go up that price in a week? We've seen more Bitcoin's price increased way higher than that in the past months to years. Why does people have think of market manipulation or bear market is over or whatever it is if the market just went up 11% for a "WEEK". Remember it's a week not a day. We've seen Bitcoin going up more than 11% for a single day only, and yet there are people who are thinking negatively just because of what happened this week. Amazing!!!

Well, Bitcoin failed to surpass the $25,000 price again, and now sitting at the $24,000 range (nearly going below $24,000). Nothing new with regards to it's recent price movement. Just a regular price spike that's all. Don't think too much from it like it didn't happen in the past.

[Frankolala]

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

It is possible that the price will drop below 25k but that shouldn't be the problem because it will still rise up and gradually, the price will rise from time to time. From history 11% rise in a week is nothing compared to 11% in a day. Bitcoin price shoots up within a twinkle of the eye and you will be amazed about the how this happened.

From bitcoin history there must be a halving before the price gets to ATH,which we haven't experience yet. We are expecting bitcoin halving by next year,and halving comes earlier than expected, we might experience it ending of this year. Therefore bitcoin will hit its ATH at 2025 maybe at the first quarter of that year or later in 2025. Be patient with your investment and gradually cyclic movement will repeat itself.

[bettercrypto]

Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.



What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

You know if you are a bitcoin long-term holder, you will not think about the weekly price movement in bitcoin. Whatever is happening now, my friend, is because there are investors positioned for the future.

        Most people also know that as the value of bitcoin increases, others also follow that increase their value in the market, and these cryptos will not allow themselves to not follow bitcoin especially if they are included in the top altcoins.

[CageMabok]

Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.

Whatever will happen is still very much for all to see, but for now I don't think about a fallback even though I am looking at another price correction in Bitcoin right now. $ 25K is a very reasonable price for this month and it is still very possible that in the next month the price of Bitcoin can be even higher in the market.

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

I don't think that the increase and correction in the Bitcoin price now is Whale manipulation, nor do I think that the Bear market is over so I won't make predictions for a new ATH at the end of this year. Because indeed Bitcoin still needs a bigger recovery this year so a new ATH might not happen immediately this year in Bitcoin.

[btc_angela]

Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.

It's the later, the price is currently fluctuating to $23,900-$24,100. And with that, we need to wait for more time to validate that $25k mark and remain on that price.

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

First, it doesn't make sense for whale to manipulate the price, second, there could be whales in the market, but it's hard to spot them and as the market grow larger, and so is the influence of this so called whales.

NO, I'm not seeing a new all time high as the end of the year. We might not even touch our previous highs last 2021.

[OgNasty]

I don’t think it’s whale manipulation nor do I believe we will see a new all time high this year. The largest gains come at the bottom of markets which is what I believe we’re seeing here. The point in the cycle we’re in along with the FTX drama being behind us (as far as the damage it can do) shows that we’re well on our way to a recovery and we’re seeing a return to normal. Next year the hype will be back in full swing as we make our way to the previous high.

[CoinEraser]

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

I still don't believe that we will see a new ATH this year. I'm more confident that this year will certainly be better than last year, but it's not difficult to achieve that either. I still think we won't see a new ATH before 2024 or even 2025. Of course it would be nice if it were different, but I can't imagine it under any circumstances. 

[buwaytress]

Have we not learnt from past cycles that we don't see an ATH so soon after the last? Now I'm the first to acknowledge that cycles may no longer be as predictive, not the way we knew them, but even so, I struggle to find solid reasons for expecting another rally so soon after the first. That's ignoring everything else going on around us in terms of the economy (which, we're yet to find out the full extent of).

[el kaka22]

It is not about having one good increase, it's about having a few in a row. For example, if you have 7 day periods where it goes up even if just 5%, having 5 of them in a row would start a bull run and I would be very much happy to see it, I would buy as much as I could because that's start of a bull run.

But, if I see 25% increase in a single day, I would not consider that anything at all, sounds and looks very well, but something that happened in a day could be gone in a day as well, something that happened 5 weeks in a row would not go down that easily, and it's something we worked hard to build so we would not let it go crash that quickly neither.

[maydna]

There is no need to think whether it is the manipulation of the whale or the bear market is over or we will immediately see a new ATH because if there is a decline, we are experiencing correction again. And if the price can increase again after this, we will see a higher price than now. If you are a long-term Bitcoin holder, you don't need to worry about the current situation and will use it to buy more bitcoin. The target price for you to sell Bitcoin is that after Bitcoin only makes a new ATH, your profits can be big, and before the price touches the last ATH, it is still a good moment to buy bitcoin.

[cryptomaniac_xxx]

And we can't even maintain that level of increase, so that supposedly gain was just wipe out in a blink of an eye. That's why it should be steady gains that this kind of upswing that in the end we can't get nothing out of it, just saying.

So Bear market is not yet over by a long shot, and so ATH at the end of the year is not doable.

We should wait, the catalyst for a bull run is yet to happen this year.

[JoyMarsha]

Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.

If bitcoin didn't break through the $25k resistance price, why was there a need for the 13.5% gain price? Bitcoin has been circling about the $25k mark for the last few days and doesn't appear to be able to get there or over it yet.

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

What I can deduce from this is that neither the whales nor anyone else are manipulating the bitcoin price. it is simply fluctuating like it always does (up and down). The bear market is currently ongoing and is not over.

By the time of the halving season the following year, the price of bitcoin should reach its ATH.