Bitcoin's second biggest weekly gain happened yesterday

[SirLancelot]

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.

Bitcoin did it. It already broke $25k last feb. 16 and then there was a follow up on the dates of; 19, 20, 21. You can see its historical price here: https://coinmarketcap.com/currencies/bitcoin/historical-data. Broken or not, people are always demanding for a price gain because this is the only way for them to earn a bigger profit.

I bet you also want a price gain too more than the need for the bear. People have the assumption that a bear trap is going to happen so they think whales are behind the rise and fall of the price but you are right that it was only the nature of Bitcoin of being a volatile crypto. Bitcoin is too big too be manipulated easily. Halving could bring positive effects on BTC but we should not rush. The price can still be adjusting during or after the event.

[erep]

I bet you also want a price gain too more than the need for the bear. People have the assumption that a bear trap is going to happen so they think whales are behind the rise and fall of the price but you are right that it was only the nature of Bitcoin of being a volatile crypto. Bitcoin is too big too be manipulated easily. Halving could bring positive effects on BTC but we should not rush. The price can still be adjusting during or after the event.

We shouldn't rush to decide to sell in the current market, because the current movement is still normal after an increase, of course there are whales who take profits and they will start buying again for the next profit, so we shouldn't panic at the current price because there is no bad news. about cryptos and never existed, they will not be able to manipulate the market but the influence factor of news 'manipulation' will change the market price according to the impact of the news.

[justdimin]

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.

I agree that it's fluctuating like always, but at a higher price than it was for months. That alone itself is making people super happy about it, and we were down to 21k just recently and went above 24k again, which is a good increase and we did that twice or so, maybe more, which is once again a proof that it is doing well enough that we could be happy about the potential increase.

It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible.

[capedbaldy]

It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible.

The market will certainly change and maybe the $25k price can be reached again by the end of this month, anything is possible but of course we need big news to reverse the market correction but I believe that this year the price of bitcoin will be very high and hope it will be close to the price ath or even reach a new ath price, lots of hope for this year.

[wxa7115]

I bet you also want a price gain too more than the need for the bear. People have the assumption that a bear trap is going to happen so they think whales are behind the rise and fall of the price but you are right that it was only the nature of Bitcoin of being a volatile crypto. Bitcoin is too big too be manipulated easily. Halving could bring positive effects on BTC but we should not rush. The price can still be adjusting during or after the event.

We shouldn't rush to decide to sell in the current market, because the current movement is still normal after an increase, of course there are whales who take profits and they will start buying again for the next profit, so we shouldn't panic at the current price because there is no bad news. about cryptos and never existed, they will not be able to manipulate the market but the influence factor of news 'manipulation' will change the market price according to the impact of the news.

Investors need to remain calm, the price of bitcoin has been going down but if we really stop to think about this we will realize that the current downward movement is not that significant.

We are still way above the 20k level and as long as this is the case I will consider this market to still be on the right track to finish the year above 30k, so anyone thinking about selling should just take their time and take it easy as the market is still doing just fine.

[traderethereum]

It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible.

The market will certainly change and maybe the $25k price can be reached again by the end of this month, anything is possible but of course we need big news to reverse the market correction but I believe that this year the price of bitcoin will be very high and hope it will be close to the price ath or even reach a new ath price, lots of hope for this year.

It will hit again but we don't know when the $25k price will be reached while, at the moment, it's dropping and staying at $22k-$23k.
People don't need to worry because this is part of the correction that always happens in the crypto market so they just need to use this moment to buy more.
We are all still waiting for another new ATH, which might happen at the end of the year or next year but if that doesn't happen, we shouldn't be disappointed and must keep waiting for the arrival of a new ATH if we want to get big profits.
This situation is only temporary and will reverse direction again and get another rise.

[Nrcewker]

Don’t think too much. This might be just a market correction. Before taking any big steps, wait for few days and see the market. If we compare from OP’s post date, then today Bitcoins are at around 22k usd, so yes in the past 5 days we have seen Bitcoins struggling and falling down. So I won’t claim this type of situation as “Bear Market End”. Bitcoins are trying hard to break the 25k usd resistance and come up, but still we are seeing some pulls. End of February will definitely make it clear, where Bitcoins are projected to go. So let’s hope for best and wait patiently.

[Oasisman]

Don’t think too much. This might be just a market correction. Before taking any big steps, wait for few days and see the market. If we compare from OP’s post date, then today Bitcoins are at around 22k usd, so yes in the past 5 days we have seen Bitcoins struggling and falling down. So I won’t claim this type of situation as “Bear Market End”. Bitcoins are trying hard to break the 25k usd resistance and come up, but still we are seeing some pulls. End of February will definitely make it clear, where Bitcoins are projected to go. So let’s hope for best and wait patiently.

We we talk about when will the bear market ends, I don't think it would be this year. There's not much of bullish predictions this year though and people are anticipating something big next year for the next block halving. I'm expecting Bitcoin will roam around the region of $20k to $30k max in the coming months or even all throughout the year. It's better to not put our hopes high when we don't see any significant news that could potentially bring Bitcoin's price to a level where we are not considering a bear market anymore.

[bestcoins1]

The market will certainly change and maybe the $25k price can be reached again by the end of this month, anything is possible but of course we need big news to reverse the market correction but I believe that this year the price of bitcoin will be very high and hope it will be close to the price ath or even reach a new ath price, lots of hope for this year.

The month of February is not far away and it looks like it will be difficult for Bitcoin to rise sharply in three days from $23K to $25K even though that is a very likely thing for Bitcoin. But once Bitcoin has corrected, it always takes a little more time to rise and also needs a bit of good news to provoke a price pump in the market. I also believe that the Bitcoin price will be much better than the previous year this year, but it won't be soon before this correction is over.

[beerlover]

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?

Does this mean anything specific for the future though? I understand that it was a good increase, and I am happy to see it, but are we going to see it keep going up, does this mean a start for the bull run? Or is it just a regular situation and nothing major?

I can't really say which one it is but I can say that it is definitely not what I can guarantee at this moment, it is definitely not a sure thing, maybe this big increase wasn't something good? I hope that it is something good, but I am guessing that it may not be at all as well. I don't mean that bitcoin will go down, hopefully it will go up, I am just saying that it is not a must at all, it may change.

[palle11]

This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.

[ScamViruS]

This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.

Agreed. The recent market recovery has given investors a lot of confidence after the market's continuous downtrend. But now after the pullback of the market again the downtrend thinking has come back among the investors. The market is now in such a position that it is difficult to determine the future direction of the market in the short term.

[ivankoh]

This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k.

Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon

[summonerrk]

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?

We are all tired of the fact that the price of bitcoin is not flying up, as it was before, and I think that this candle is just a coincidence of good news and buying by big players. And this is not some kind of signal, just a coincidence.

[rodskee]

This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.

now we are in the last month of first quarter and yet we are in struggling to take high to 30k (as it is the resistance now) though we had a good spike from 14k to 25k and that is a good hype when 2022 is really a hard year for the whole market.
22k correction might true and now we are trying to maintain this position and taking 25k as new positioning soon this march.

[wxa7115]

This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.

now we are in the last month of first quarter and yet we are in struggling to take high to 30k (as it is the resistance now) though we had a good spike from 14k to 25k and that is a good hype when 2022 is really a hard year for the whole market.
22k correction might true and now we are trying to maintain this position and taking 25k as new positioning soon this march.

I am looking at the charts right now and there is something happening, there was a very large red candle and bitcoin lost more than 1k in just a single hour, the bulls are trying to stage a comeback but I do not know if something happened for this candle to appear out of nowhere.

And the worst part is that the day is just starting out, if this negative trend continues we could close below 22k, a level we have not seen since February 14th.

[fadhilz123]

Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon

And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little

[Yaunfitda]

Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon

And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little

It's because of the Silvergate news that pushes the price to go down again. Me as well was surprised and have to look at the reasons on why the price suddenly goes down -6% the most and billions wipeout.

The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital.

The price drop has wiped $22 billion from Bitcoin's total market capitalization, which is now at $430.9 billion, according to Cointelegraph Markets Pro.

https://cointelegraph.com/news/bitcoin-price-slides-5-in-60-minutes-hitting-two-week-low-amid-silvergate

Nevertheless, we should be positive that we can bounce back again to $23k-$24k range this month. $25k will be better as this seems to be the magic number as it is the biggest resistance right now.

[michellee]

Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon

And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little

Even though the bitcoin price has now fallen back to $23k, I remain optimistic we will see a price higher than now and even higher than $25k in the near or medium term. The target for the next rally is to break through $25k and even $30k if bitcoin can rise to that price. But we'll see how strong the support will come into the market to lift the bitcoin price and how far the bitcoin price can move up. The correction at the beginning of this month was not that big because the price was still able to hold on to $ 23k but if more negative news is released, there is a possibility that bitcoin will drop deeper to $ 21k-$ 22k. So prepare yourself for all eventualities and don't be late to buy at that low price.

[bitterguy28]

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 think this is just another hype and correction meaning there are chance that this will happen again and again as we are going to pump as the Halving near to come?
there are year or 2 that needs to wait and let us see when to happen but for now?

 
maybe contented in the price is what we need and also take the advantage to buy more while the price is cheaper than the potential price in the next couple of years.

And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little

and sadly continuously dumping now mate, as we are now near lowering 21k , the hope is still there but it seems this is the beginning of another dump this 1st quarter.