Bitcoin back to 8k$!! Is this recovery or a trap?

STT

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Price is presently in a channel downwards, I have target downside of 6623 and a bearish upside target of 7200. If we break the downside channel we can look to take a bullish stance from that point onwards.

A bullish point right now would be the price currently rests on the 50 day moving average and this could provide a source of selling or short sellers closing out some positions.

Tapyaks72

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Quote from: noormcs5 on August 05, 2018, 05:17:56 AM

Yeah, I also realize it, I think the time has started of bitcoin pump and may be in the coming week we will see bitcoin price more increase. Actually within week we will see the result of its little pump and then it will be easy for us to judge it that it is temporary pumping or permanently. But i have prediction that bitcoin will be go to much high and once again we will see the recorder height of bitcoin price.

As what have see in the recent price drop is very successive, because people who have a bitcoin in their wallet is very tentative to dump maybe because they think that is a trap even in a small profit they will dump because it rather ean small profit than losing. But if you think it in a positive way it is also an opportunity to those who have enough experience to buy lower price because for sure bitcoin will pump sooner.

noormcs5

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Yeah, I also realize it, I think the time has started of bitcoin pump and may be in the coming week we will see bitcoin price more increase. Actually within week we will see the result of its little pump and then it will be easy for us to judge it that it is temporary pumping or permanently. But i have prediction that bitcoin will be go to much high and once again we will see the recorder height of bitcoin price.

Bagaji

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Bitcoin recent increase in the market value of Bitcoin is not a trap but a recovery process of which i strongly believe that before end of this month another serious positive news will happen to Bitcoin and that will push the price of Bitcoin forward.

ArnoldChippy

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Quote from: JL421 on April 17, 2018, 12:27:54 PM

It can be a trap because it rose till 8400$ but started making it's way back to 8000$ this might just be the short term traders but currently it's really hard to predict anything related to the price most likely the price is going to fall again we need the big whales to return who try to push the price really current whales just want short term profits

I do not think that it can be a tarp, in fact people were already expected that bitcoin price will start increasing and i think that now the bitcoin price has take the step and now it will continue increasing for along time, because still bitcoin has too much potential and it will hopefully continue increasing for a long long time. i do not think that it is a prank but the bitcoin market is actually now increasing and hopefully will very soon recover its price .

JL421

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It can be a trap because it rose till 8400$ but started making it's way back to 8000$ this might just be the short term traders but currently it's really hard to predict anything related to the price most likely the price is going to fall again we need the big whales to return who try to push the price really current whales just want short term profits

Ararbermas

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Quote from: fourpiece on April 13, 2018, 06:22:15 AM

I thought after the bullish run that happened yesterday bitcoin will go down again ,but I was wrong bitcoin rises higher. I think we're heading at 10,000 again.

the long bear season is ended mate so don't worry if the value fluctuate again 'cause its just a normal correction. As you see the price is climbing again. so don't afraid if the price drop, just relax indeed that's how the market plays which after the huge drop it will climb again and again,

1Referee

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Quote from: shone08 on April 17, 2018, 09:17:15 AM

Well I agree to you the first quarter of the month are full of negative news that give impact to bitcoin price this pump up happen are good sign that bitcoin are start recovering if you notice this recent week bitcoin are stable from the range of $8000 - $8100.
Hopefully in the next week or month the barrier will broke and climb in the range of $9k to $10k.

What negative news? People should really understand the very basics of a market. It was a correction resetting the price to current levels, not negativity that more often than not is fud and fake anyway. The most all this negativity has done is speed up the process a tiny bit, but that's all. People constantly try to convince themselves that the market needs to go up or down because of whatever announcement or happening, but that's not the case.

From $1000 to $19,500 within a year isn't healthy, where if we see the market reset itself to current levels it's nothing more than a normal and healthy adjustment. If we look at the price exactly one year ago, one could even say that current levels are still on the higher side. Recovery is nonsense because there is nothing to recover. We are going up from scratch now, all based on non hype demand. Hype demand may however still pop up when fomo starts kicking in.

dobladi

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Quote from: Xester on April 13, 2018, 06:14:14 AM

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

I am hoping that this would be a start. Still, I am expecting for sudden dips to happen becase it is already given that Bitcoin is naturally volatile. But if this increase would be continuous, Bitcoin would be able to fully recover from the continuous backdrops from the start of this year. As such,investing is really advidable right now to earn proft as the price increases.

newcollegestar

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Quote from: ladyinredcoins2018 on April 13, 2018, 09:00:39 PM

Quote from: CryptoBry on April 13, 2018, 06:18:49 AM

Personally, I am hoping that Bitcoin is already on its way into good recovery since we are now in the 2nd Quarter of 2018 and Bitcoin hodlers are already getting tired waiting for the silver lining to come into their weary hearts and minds. Frankly speaking, nobody can truly predict if this is already the recovery we are waiting for or just another bad trap. I am just hoping that profit-taking will not be voluminous this time that can possibly push the value down again.

Many are saying negative against bitcoin but still even with this good price increase many nay sayers are discrediting bitcoin and that this is just a hype to make people get excited but actually bitcoin is dying and so on and so fort. Either this is a hype or a real positive direction for bitcoin i am still very happy with this movement. And I am hoping that this price will continue to surge up high.

I am sure it is recovery not a trap, because we all know that the price of bitcoin is very volatile and it can change anytime even in minutes. 8k is also not a very good price a few months ago it reached to 19k. If the price is growing with time it is good sign but we will be happy when it cross 20k because we have already saw 19k. For that we will have to wait and should be patient.

shone08

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Quote from: iqlimasyadiqa on April 17, 2018, 08:40:43 AM

Quote from: daarul50 on April 17, 2018, 08:00:41 AM

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

I think this is a very normal thing to happen, this is not a trap because Bitcoin's price does move positively. Maybe it's a bit weird because it's been a few weeks now that Bitcoin's price is stability so when the price goes up everyone speculates that this is a trap. Whereas in fact this is a wave I could have changed at any time. Bitcoin price fluctuations are indeed the hallmarks that will always happen.

Well I agree to you the first quarter of the month are full of negative news that give impact to bitcoin price this pump up happen are good sign that bitcoin are start recovering if you notice this recent week bitcoin are stable from the range of $8000 - $8100.
Hopefully in the next week or month the barrier will broke and climb in the range of $9k to $10k.

adam1230

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Its totally a bull trap for me. Bitcoin price will go under 6000 usd in a week and i will buy from the best price around 4500usd.
They did it several times and this time we are going to find the bottom.

iqlimasyadiqa

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Quote from: daarul50 on April 17, 2018, 08:00:41 AM

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

I think this is a very normal thing to happen, this is not a trap because Bitcoin's price does move positively. Maybe it's a bit weird because it's been a few weeks now that Bitcoin's price is stability so when the price goes up everyone speculates that this is a trap. Whereas in fact this is a wave I could have changed at any time. Bitcoin price fluctuations are indeed the hallmarks that will always happen.

Theb

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Quote from: daarul50 on April 17, 2018, 08:00:41 AM

When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

What they want is a confirmation of the trend. A lot of people got shocked on how Bitcoin moves up away from the 6,600$ level when its reached at least 8,000$ in just less than 30 minutes or so. Instead of people rejoicing on its price rally some of them got worried that this might be the last pump of BTC before it goes down below 6,500$. People don't care about the current fluctuations now as they are aiming for that "sure" buy and sell moment. Right now they are worried that this price rally is some kind of bull trap which I think it is because the price is going up although the volume is going down signifying that BTC is still bearish.

But then when you look at its hourly chart it keeps forming "bull flag" and "triangles" which signifies that Bitcoin is trying to break out. So to keep it short BTC is giving as mix signals which will give our analysis inconclusive on what will happen next.

A1exander

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That's a good question to which, I think, nobody can answer. Personally, I am not convinced that it is not another bulltrap. I have to see a steady rise to $13k to convince me.

daarul50

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When rising is considered a trap, when down is considered a downturn. I do not understand what they want. In investment or trading, a fluctuation is normal because with market fluctuations coming to life, only we must be able to determine the exact time of fluctuations that occur to gain profit. Do not hesitate to make a decision, better buy than just stunned monitor price movements in the market that finally missed the momentum to buy even take advantage.

Jambolb2

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Quote from: northcoin2018 on April 13, 2018, 09:46:39 PM

Quote from: Xester on April 13, 2018, 06:14:14 AM

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

For me this is the rise that all investors has been waiting for! I hope this price will continue to surge up and we all recover from deep shit..forcmany months we have been patiently waiting and this is a very good sign im pretty impress and happy! A toss to all!

This kind of volatility I think is not good for bitcoin investors because there are a huge amount of small investors and they afraid to invest their money in such a currency which price increase or decrease thousands of dollars in minutes. I like Ethereum in this regard because the price is growing slowly with the passage of time, which is good for new investors.

Kemarit

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Quote from: Fuhre on April 14, 2018, 01:56:20 PM

Quote from: fourpiece on April 13, 2018, 06:22:15 AM

I thought after the bullish run that happened yesterday bitcoin will go down again ,but I was wrong bitcoin rises higher. I think we're heading at 10,000 again.

yesterday also I think the same with you, that bitcoin prices will fall again, but that opinion is all wrong, it looks like this bullish will continue until we break the price at $ 10,000 and to prepare for the next level. the price will continue to increase until the end of the year, given the many people who enter into the world of crypto and still trust bitcoin so the price is quite fast enough to increase. hopefully this all continues.

LOL. You mean to say that we are going to see a pump from $8000-$10000? Yeah, its good to see the price climbing to $8000 levels but I doubt that we will continue to march towards $10000 as of yet.

Quote from: nahnah on April 14, 2018, 05:19:45 AM

I think the market has made a correction and it's time for the bitcoin to return to its proper price, and to be excellent at crypto,
And also restore confidence to investors who yesterday had many anxious with the movement of bitcoin

Correction, market crashes, call it whatever you want. But one things for sure, bitcoin will recover from all this down trend. Investors are really waiting, but once their confidence its back and renewed their interest on it, I'm sure that the bearish trend will stop. But the questions is that are investors willing to pour cash again? Right now the price keeps fluctuating from $8000-$8200, we may need another fresh blood to pump again the market, but it's gonna be a long and waiting game again.

vickybitcoin

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Quote from: Xester on April 13, 2018, 06:14:14 AM

Well Yesterday I said in one of my comments that the bullish move of bitcoin from 6700$ to 8000$ in just a few minutes is shocking and thus we must be careful since it could be temporary and could be a trap. But until today there is no sign yet of bitcoins value going down and it still continued to increase at is already at 8k+$.

But I just noticed something, the more the price of bitcoin gets higher the more volume of btc goes in the exchanges especially in bitfinex from 74k bitcoin it climbed up to 96k bitcoin. This is a sign that more and more people are getting into bitcoin and the question is can we be confident already that this bullish move will continue or it is just a trap?

Im very happy with this pricei ncrease a lot of people has been waiting for this momentum. And I hope it will be the beginning of more price increases. Many were saying that the price will go down deep but on the contrary it surge in blink of an eye!

Fuhre

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Quote from: fourpiece on April 13, 2018, 06:22:15 AM

I thought after the bullish run that happened yesterday bitcoin will go down again ,but I was wrong bitcoin rises higher. I think we're heading at 10,000 again.

yesterday also I think the same with you, that bitcoin prices will fall again, but that opinion is all wrong, it looks like this bullish will continue until we break the price at $ 10,000 and to prepare for the next level. the price will continue to increase until the end of the year, given the many people who enter into the world of crypto and still trust bitcoin so the price is quite fast enough to increase. hopefully this all continues.

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