Is Bitcoin About to Break Out or Just a Quick Rise?

[Dunamisx]

I wanted to share what i am seeing today bitcoin BTC  just jumped to around 71K and i think a lot of that is from the big money coming into the bitcoin ETFs over $458 million in one day at the same time news about Israel and Iran caused a quick dip but now it is climbing again. So do you think this is the start of a bigger rise because of big investors and the halving or is it just a small spike before a bigger drop?

Markets has always been volatile, even though we don't have to forget that we are still in the bear season, which women only experience little of the market pump and considering that we are yet to enter the boron season for altcoins, moreover we are not expected to compare the Bitcoin etfs to death of the Bitcoin or some other selected crypto, has the market is rising same also in other pattern we experience the downtrend within the same period due to the ongoing bear season.

[beej]

Just prepare yourself if this situation happens many times in the near because there is possibility the market will be like that for some time. After reaching $75k, the price down to $70k and that happens shortly so we should be ready for anything happens. We don't know for sure so you should trying to catch any chance you see to profit and not too late accumulate more if you already prepare funds. The price can increase fast and down fast but in the other time, you may see the fluctuation can comes fast through the market.

There is that seeming possibility that what can’t happen
can happen abruptly, bitcoin and the whole infrastructure
of crypto is undeniably volatile in nature. But even though
with wars going on, bitcoin is still a beast. I mean it’s still
up there, regardless it fluctuates every once in a while it
is still dominating. I say hold bitcoins, its not breaking
like we all fear it to be.

[Alonso_]

I think right now we are seeing a new thread with bitcoin, however a situation that makes bitcoin to increase after the announcement of a ceasefire between the US and Iran War, which have been widely speculated that this could be the cause of a sudden meltdown of Bitcoin price, well now we are having Bitcoin rise rapidly I don’t know if I’m going to call that a breakout or just a Quick Rise, which have been widely discussed here, but I just feel that in any situation that comes with bitcoin just keep buying, we should have know what bitcoin is all about before now.

We could as well be having a new all time high with bitcoin we never know.

[el kaka22]

For the time being it looks like we are not going to get anything crazy about this, it doesn't look like a "breakout" will happen. We have peaked at the highest that we could during this time and the price should be needing continuous support from institutions to remain bullish which I doubt to happen. Already microstaregy completed two big purchases so we could expect other small players to contribute for preventing bears.

As per four year cycle, we are still around the early stages of bearish market but some people speculate about bottomed out. So, we may not have a new ATH right away and at the same time we may not break 63k any more. I wish that we have already bottomed out and we may slowly push toward 100k and then a new ATH. This way breaking up four year cycle would be more interesting.

[Akbarkoe]

^I hope so too. We've already bottomed out and Bitcoin is back to its bullish form. However, we're only now entering Q2 of a bear market year, which suggests we won't know the bottom until the year is over. We can be certain that by the end of the year, to see the bottom, there will be many tests of support before the $60,000 price level. If we successfully test that support, we'll have reached the bottom of the current cycle.
What we're facing now is the threat of escalating war, which would result in economic collapse, putting the market at risk of being hit. On the other hand, we should always be mindful of the probability of another extreme market decline, which we often see because we can't predict everything correctly.
Price fluctuations in price structure formation are always similar from cycle to cycle, so wait and don't be overconfident. Accumulate Bitcoin slowly to avoid becoming like the FOMO people due to baseless expectations.

[abaeze]

Until the price of Bitcoin exceeds 80k, it seems like it is a fake pump and its price can fall at any time. Another big reason is institutional adaptation. When an institution is buying Bitcoin with a large amount of money, the price temporarily looks upward, and when someone is selling, the price goes down.

[Dunamisx]

With the way bitcoin is performing recently, it shows that we are likely to break out to $80,000 anytime from now and in this same month of April, because they have not been much resistance to this, while we have been having strong support above $75,000.

Therefore we should be more bullish this time around, even though it is not a reason that we should think we are already out of the bear season, this shouldn't be the final conclusion by us that we are already out of the bear season and expect the market to pump higher to above $100,000 as some may expect anytime from now.

[Abiky]

With the way bitcoin is performing recently, it shows that we are likely to break out to $80,000 anytime from now and in this same month of April, because they have not been much resistance to this, while we have been having strong support above $75,000.

Therefore we should be more bullish this time around, even though it is not a reason that we should think we are already out of the bear season, this shouldn't be the final conclusion by us that we are already out of the bear season and expect the market to pump higher to above $100,000 as some may expect anytime from now.

A short-term "pump" of $80k is plausible. But we should expect prices to remain relatively-stagnant due to the negative effects of the Iran war. As long as Oil prices stay high, we shouldn't expect risk assets (such as crypto and stocks) to go to the moon. It's all tied to the strength of the US Dollar. Right now, it's going strong because of high oil prices. A strong USD = a "weaker" Bitcoin in USD terms. Better have some spare cash around to buy more BTC at a discount.

Long-term speaking, Bitcoin should rise well beyond $100k. I'm in no hurry to see this happen. The only ones desperate are those seeking to make a "quick buck" with Bitcoin. It has never been about "getting rich quick". Hopefully, noobs realize this before they get "rekt".

[o48o]

-cut-
Long-term speaking, Bitcoin should rise well beyond $100k. I'm in no hurry to see this happen. The only ones desperate are those seeking to make a "quick buck" with Bitcoin. It has never been about "getting rich quick". Hopefully, noobs realize this before they get "rekt".

It's not only those that are trying to get rich quick. It's the ones that are overleveraged or overinvested. Seeing their wealth dropping away, especially when it's their first time in cryptos, is insanely scary, and that fear might them turn to "cut your losses" mode and panic sell in fear.

I have saved money with alts with panic sale, that just needs to happen fast enough. And some (especially new people) see bitcoin as just one of the cryptos when some of them. It can also be seen as most boring one, when it's not mooning fast enough.

[bitgolden]

Right now it is not going to do anything that big if you ask me. I think we are doing what we re doing because we have seen the war and how it was going and that is why we have done this. But at the same time, if we can make sure that his could stay the way it is, we could live a bit of a stable period easily.

This is why the best case we have right now would be that we are going to see a stable market easily. It will not be instant, we may have some volatility here and there, but we will be doing fine.

[Delaforetnoire]

We could as well be having a new all time high with bitcoin we never know.

For now, we may not see a new ATH this year.
The market is still going through a bearish phase, it’s not clear if things will fully recover within the year, but since nothing is certain, this is just the expectation for now.

[Abiky]

For now, we may not see a new ATH this year.
The market is still going through a bearish phase, it’s not clear if things will fully recover within the year, but since nothing is certain, this is just the expectation for now.

Even though the market is still "bearish", Bitcoin has experienced some short "pumps" every now and then. It bounced from $74k to almost $80k in a matter of days. No need to wait for BTC to reach a new ATH, when you can already make money during the "ups and downs".

Out of excitement, most people will prefer to wait until BTC reaches a new ATH for them to sell. Nothing wrong with that. As long as profits are made, the rest doesn't matter.

[aioc]

We could as well be having a new all time high with bitcoin we never know.

For now, we may not see a new ATH this year.
The market is still going through a bearish phase, it’s not clear if things will fully recover within the year, but since nothing is certain, this is just the expectation for now.

It's surprising that Bitcoin is still bouncing back, even as the ongoing war in the Middle East disrupts many countries' economies.
Just imagine if the war is over by the end of the second quarter, we may have a big pump going through the last quarter of this year.
The market is very resilient; we have hope for a better market once all this smoke clears. Right now, we are all on a wait-and-see approach to see what happens next.

[Delaforetnoire]

The market is very resilient; we have hope for a better market once all this smoke clears. Right now, we are all on a wait-and-see approach to see what happens next.

Yes, we are still waiting for the haze to clear so we can see a better market, but if you look closely, Bitcoin is starting to move forward again. I actually thought the price would keep dumping more, but now it’s looking like Bitcoin is finding its way back and trying to recover.

[Alonso_]

Bitcoin is a volatile assets and you will never know what is going to be happening with bitcoin, but from what we are seeing now, bitcoin is rising rapidly, last time I checked bitcoin was on 81k, at least it has passed the threshold of 70k mark, so we can now understand that we are having a new ATH, that might just be happening soon, anyone who is buying bitcoin now is the time to keep buying bitcoin on a regular basis and on a steady basis, as an investor it’s better to keep buying now and continue holding bitcoin, because we could just be getting into a bull run with bitcoin.

[LogitechMouse]

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So do you think this is the start of a bigger rise because of big investors and the halving or is it just a small spike before a bigger drop?

It depends on what the "bigger rise" means to you.
If you define it as "new ATHs in the upcoming months" then unfortunately that isn't the case.
If you define it as "possibly reaching some psychological resistances" then that might be the one that's happening.

We're seeing the market slowly going up, and it seems like it might still go up in the next 48 hours IF the US and Iran will come up with an agreement because we know how the updates and announcements on this war could affect the entire global market. Anyway, I still think that the market will go down in the succeeding months, and I will not change my stance until it's October 2026 or at least when the bear market ends. I still believe that Bitcoin will reach lows of $50,000 or to be more conservative, the recent lows that it created, and this rise on the price of Bitcoin and the whole market? This might be just temporary.

While we are seeing the market going up, let's not forget that we are still in a bear market, and unless we are seeing something that hasn't happened before, we might see the market going down in the next months. Just my prediction as always.