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, 04:17:56 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, 11:27:54 AM

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, 05:22:15 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, 08:17:15 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, 05:14:14 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, 08:00:39 PM

Quote from: CryptoBry on April 13, 2018, 05:18:49 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, 07:40:43 AM

Quote from: daarul50 on April 17, 2018, 07:00:41 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, 07:00:41 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, 07:00:41 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, 08:46:39 PM

Quote from: Xester on April 13, 2018, 05:14:14 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, 12:56:20 PM

Quote from: fourpiece on April 13, 2018, 05:22:15 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, 04:19:45 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, 05:14:14 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, 05:22:15 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.

paul gatt

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I think it's a bitcoin recovery. As far as my prediction of bitcoin is concerned it is slowly recovering. I will continue to invest in it to achieve this goal in 2018. I will be successful with bitcoin. I will buy a house when bitcoin gives me a large amount of money.

nahnah

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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

northcoin2018

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Quote from: Xester on April 13, 2018, 05:14:14 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!

ladyinredcoins2018

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Quote from: CryptoBry on April 13, 2018, 05:18:49 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.

magneto

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Quote from: Xester on April 13, 2018, 05:14:14 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 don't think that you can say that this is a bull trap, because I don't think that this uptrend will end for at least a couple of weeks. However, I don't think that we have reached the bottom of this bear market yet, which means that there is a probability that after this uptrend is over, we will see some dumps which take bitcoin under the previous support level of $6.5k, potentially.

If we're looking at a week, or two weeks, the uptrend will probably take bitcoin to around $9-10k before any adjustments in my opinion.

But after this bull run is over, as I said, the chances are we will continue dipping until possibly $4-5k, and in Q3 of 2018 we will see bitcoin's actual recovery, and we can then consider BTC to be fully out of the bear market.

harizen

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Quote from: Xester on April 13, 2018, 05:14:14 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?

You will not see a sign just for 24h monitoring and never you will because even how professional technical analysis is, it will be spoiled once an urgent trend happened. But on the other hand, you can take the current trend as good sign to make things positive at your own view.

Is this temporary or not? Who knows. At least the recent pump spoiled those bitcoin fudster believers about no such thing as pump will happened again.

As usual in any other trend, take advantage of it so regret will not always at our side.

hosseinimr93

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Quote from: elloco4ever on April 13, 2018, 04:27:18 PM

Quote from: fabiorem on April 13, 2018, 09:41:20 AM

I hope its a recovery.

We had several traps that I even lost count.

Yes it should not be a trap because if it turns out to be the trap then it will become very difficult for us to believe in bitcoin as people will think it is very easy to manipulate the bitcoin market.

I don't think whales that try to manipulate the prices think about people's beliefs. They think about their profit. Every thing is possible. The price rise might continue and I think it will continue. But there is no guarantee.

Dreamchaser21

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Quote from: angaper on April 13, 2018, 05:17:35 PM

First of all, we must keep in mind that the year 2017 was a very exceptional year compared to the performance that the price of bitcoin had in most of the previous years since its inception.

Therefore, we should not assume that the general rule is that after a period of great correction the price should again be triggered to historical levels each week, multiplying its value x10 by the end of the year.

I have no doubt that we are in a market that tends increasingly to consolidation, so it is possible that throughout the year we see consistent drops and increases as any ordinary market presents normally.

People must look in this market long term because bitcoin can’t go back to $20k level easily but it will happen this year. Btc survive the big dump and I think it will start now to go up again but yeah, expect more dump this year.

angaper

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First of all, we must keep in mind that the year 2017 was a very exceptional year compared to the performance that the price of bitcoin had in most of the previous years since its inception.

Therefore, we should not assume that the general rule is that after a period of great correction the price should again be triggered to historical levels each week, multiplying its value x10 by the end of the year.

I have no doubt that we are in a market that tends increasingly to consolidation, so it is possible that throughout the year we see consistent drops and increases as any ordinary market presents normally.

Rubius

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Quote from: Xester on April 13, 2018, 05:14:14 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?

Looks like the market is turning around, however we'll probably experience many pullbacks on the road upwards. Tread lightly. 😊

figmentofmyass

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Quote from: Xester on April 13, 2018, 05:14:14 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+$.

it's a recovery. but the context is probably a larger trap. Tongue

nothing moves in a straight line. we could be in a correction for years, in which case there will be significant rips and runs in both directions. i think we've formed a double bottom on the daily chart, and it's time for price to rise for a while. it could end up being a bull trap, but i'm back to trading the long side. no shorting for a while. i think we should retest the $11k zone and probably run further.

peter0425

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Quote from: elloco4ever on April 13, 2018, 04:27:18 PM

Quote from: fabiorem on April 13, 2018, 09:41:20 AM

I hope its a recovery.

We had several traps that I even lost count.

Yes it should not be a trap because if it turns out to be the trap then it will become very difficult for us to believe in bitcoin as people will think it is very easy to manipulate the bitcoin market.

Really hard to say its this is really a bull trap or not because we have been in this kind of situation before. They say its not a bull trap but it really was that's why when the price is about to make a good run, suddenly the price plummeted .

So personally, I'm still not going to jump for joy here but to be very cautious as where and how the price is going to moved. I'm still shocked at the quick phase of recovery so I would be wary and not to get excited, just to be on the safe side.

elloco4ever

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Quote from: fabiorem on April 13, 2018, 09:41:20 AM

I hope its a recovery.

We had several traps that I even lost count.

Yes it should not be a trap because if it turns out to be the trap then it will become very difficult for us to believe in bitcoin as people will think it is very easy to manipulate the bitcoin market.

magisterr

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Quote from: carriebee on April 13, 2018, 09:38:22 AM

Quote from: magisterr on April 13, 2018, 08:48:02 AM

Just some good news from big people:

Quote

BITCOIN PRICE WILL HIT $250K IN 2022: TIM DRAPER SETS PREDICTION

http://bitcoinist.com/bitcoin-price-will-hit-250k-2022-tim-draper-sets-2018-prediction/

We are only in the beginning of crypto becoming and more and more people will be use crypto year by year. So, just HODL and buy more, guys Roll Eyes

I noticed good news has spreading about bitcoin and I hope this is the start of recovery phase for bitcoin. Yes for those who did'nt buy some btc they still had the chance to invest now while were not yet in ath price.

Yes, price still so cheap if compare with December. And if to look at May in last year, Bitcoin grew from 1.1k in April to 2.6k in May. So, 16-20k will be possible in May of this year. And this even not growing, just recovery.

richardsNY

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Quote from: thecodebear on April 13, 2018, 02:25:55 PM

Though I think the recovery will take a few months at least.

Recovery? There is no recovery that we need to go through. The thing is that we have to take distance from the speculative peak of last year, and focus on new all time high below the $20,000 level. It may sound weird to some people, but it perfectly makes sense. All time highs based on demand without an ongoing hype bull run is what we should aim for, which is why if the market breaks through the $10,000 level again, that for me would be a new all time high. It's pointless to focus on last year because that in no shape or form applies to current steady/calmer market -- we don't need hypes to reach $20,000 again in the future, just time....

msarro

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We cannot say anything at this stage and only time will tell us whether it was an recovery or an trap as of now things are looking as price is moving in positive direction and lets hope it will continue to go higher from now and we don't see downfall in the price anymore so its smart to sit quiet and see how price behave in next few days.

WUUEX79

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Xch4nge.com

I do not think this is a trap, because bitcoin prices have increased over 50 hours, maybe this is the beginning of bitcoin rise after being hit by a continuous red storm.

thecodebear

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I would say it is the very start of the recovery. 6000s clearly seemed to be the bottom of the market. Though I think the recovery will take a few months at least.

klasik1980

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And in fact the market has become lively. And now it is not necessary to hurry, it is necessary to endure unequivocally and observe all this action. And on the soul is still nice - the green!

dmamigo

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Hope its not a trap, few more days and we can be sure then only, what is it. Personal beliefs is towards BTC being recovered. People is buying on the lower price and it went quite few weeks ago. All over the market its a uptrend, few went up as high as 30%, hope its getting recovered.

cryptocommoner

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I personally don't think that it's a trap. There are a lot of US investors likely getting into crypto with their tax returns. Tax day is upon us and those who have to pay may be trying for a quick buck and are buying in now. The market as a whole looks bullish and I'm glad to see it.

Kingofbitcoin12345

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Bitcoin has enormous numbers of unreasonable increases since its existence.. Does this alarming on my perspective,, no and that just my observation.. What matters for me is the impact of an increasing value to the investors positive attitude toward cryptocurrency..

Enough of why and how because negativity is too much in the past few months and now is the time to chill out for a while and celebrate..

Fedor07

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Merit: 10

Its a trap , bitcoin will still remain at this price or maybe will drop and then will grow up again but now bitcoin will remain at his present price . it is always been like this , at the beginning of the year bitcoin its dropping and in the course of the year he is growing and dropping and after this at the end of the year he is growing up a lot . Bitcoin will grow maybe to 10k $ and then will fall again to 8k$ and at the end of the year he will grow up a lot , he will grow to 25k $ .

kram31

full member

Activity: 791

Merit: 139

bitcoin at 8,100 USD right now and it is getting better.
i think this is a good indication that BTC is getting back now and gaining more holder after so much of suffering.
This is not a trap like before you can have it now.

H0USE

full member

Activity: 420

Merit: 100

According to me if had been a trap downward trend in prices should have been accompanied by now but it's not so it might be due to correction period being over and we are heading towards bull run as prices increased by $1200 within few hours and huge investment was made yesterday which certainly boost uo the prices so we will surely see $15k soon.

sidodadii

sr. member

Activity: 597

Merit: 250

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

It seems that this is not a trap because we can conclude that the big pump yesterday is one of the big investors who go to invest bitcoin and until now bitcoin prices still increase even though not as big as yesterday, we can imagine the investor will not want to lose if only intend to make bulltrap. and I think everyone here hopes that rising bitcoin is a positive thing not just for bulltrap.

DustyRah

sr. member

Activity: 533

Merit: 251

No one can predict which way the price of Bitcoin will go in the next month but in the long term it will go up. As we head closer to the 2020 halving, the price will rise to adjust for that halving. Miners are not mining for free.

Though some indicators are in the positive, some indicators like MACD and EXP are still negative so be careful out there.

For those that are looking to make a quick buck, sell out now and take your profits because there is no guarantee, it will not go back down to 7k or less.

fabiorem

sr. member

Activity: 1400

Merit: 347

I hope its a recovery.

We had several traps that I even lost count.

carriebee

sr. member

Activity: 1148

Merit: 251

Quote from: magisterr on April 13, 2018, 08:48:02 AM

Just some good news from big people:

Quote

BITCOIN PRICE WILL HIT $250K IN 2022: TIM DRAPER SETS PREDICTION

http://bitcoinist.com/bitcoin-price-will-hit-250k-2022-tim-draper-sets-2018-prediction/

We are only in the beginning of crypto becoming and more and more people will be use crypto year by year. So, just HODL and buy more, guys Roll Eyes

I noticed good news has spreading about bitcoin and I hope this is the start of recovery phase for bitcoin. Yes for those who did'nt buy some btc they still had the chance to invest now while were not yet in ath price.

magisterr

sr. member

Activity: 1372

Merit: 259

Just some good news from big people:

Quote

BITCOIN PRICE WILL HIT $250K IN 2022: TIM DRAPER SETS PREDICTION

http://bitcoinist.com/bitcoin-price-will-hit-250k-2022-tim-draper-sets-2018-prediction/

We are only in the beginning of crypto becoming and more and more people will be use crypto year by year. So, just HODL and buy more, guys Roll Eyes

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

I don't this is a bull trap. IMO, this looks like tons of new money entering the Bitcoin ecosystem (+20% increase in the price is no joke, that's a lot of money), probably people trying to trigger the next bull run or just investors going FOMO. But we need to stay above 8k for a few days in order to dismiss the bull trap theory. So far, there are no signs of stopping, the price keeps going up, 8200 at the moment, probably 8300 in the next 4 hours... this is looking good, at least short-term.

cryptojac17

full member

Activity: 490

Merit: 107

Quote from: CryptoBry on April 13, 2018, 05:18:49 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.

I don't think it is a trap because it sustained as longer now I think it is a recovery because I think that there's no artificial recovery happening here but just a natural phenomenon and driven by sentiment of the investors that they started to realize that this is the moment they should invest.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

if we saw any signs of dropping back down after the big rise then it could have meant a bull trap and a temporary rise but as you can see what happened in the past nearly 2 days was that price went up fast to above $8000 then the panic sell/correction began where price came down to $7700 ish and then from there it started rising back up again and it is currently at $8150.

this trend is only showing rise with a lot of money coming in. it may not be a 100% foolproof rise but it is 90% sure at least!

Lieldoryn

sr. member

Activity: 630

Merit: 272

Quote from: hahay on April 13, 2018, 07:16:39 AM

No, I'm sure this is not a trap. The market will actually recover in May so I'm pretty sure, if that's true then now is the right time for the rising market and probably will keep remembering until it reaches the top point at the end of mei, maybe.

The top point at the end of may is very optimistic. I don't. The upper point will not be reached until autumn. Until that time we are waiting for growth. Although the appearance on the market of such speculators as Soros can significantly change the behavior of prices. But the General trend towards growth can not break even Soros.

hahay

legendary

Activity: 3486

Merit: 1055

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No, I'm sure this is not a trap. The market will actually recover in May so I'm pretty sure, if that's true then now is the right time for the rising market and probably will keep remembering until it reaches the top point at the end of mei, maybe.

bitcad4u

sr. member

Activity: 602

Merit: 255

Quote from: Xester on April 13, 2018, 05:14:14 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?

Bitcoin had huge potential and this is cause of bitcoin price raise now.I had seen in crypto news,bitcoin price will increase more than 14k$ by the end of this month.If you had any bitcoin in your wallet,just hold it till the end of this month.Then you will get more dollars for the same bitcoin.And this is the time to hold your bitcoin.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: Xester on April 13, 2018, 05:14:14 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?

As long as we don't break 12k with some significant buying pressure/volume I see no reason to be euphoric to be honest.
Margin traders are playing their gamers at the moment. Yesterday the shorters got rekt. In a few weeks it could be the longs again who will have to bleed.
So I wouldn't care so much about the price at the moment if you're not a trader. Do something else in the meantime.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Xester on April 13, 2018, 05:14:14 AM

can we be confident already that this bullish move will continue or it is just a trap?

Yes, we must be confident at this moment since it had showed more than 12% pumped. If this is a trap, it will basically go down before this pump happened. Trust those predictors who are saying good things about bitcoin and they are helping everyone to raise the value of bitcoin. The increase of volume in exchanges are the proof that it isn't a trap if it's a trap then you are just giving yourself something to think of and cause you a stress.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

It's a response to international events (war in Syria). Gold prices are rising too at the moment.

I think we now know what moves bitcoin - crises, It's the digital gold. That means that if things calm down again, the price will drop back again.

Yatsida

newbie

Activity: 67

Merit: 0

Quote from: CryptoBry on April 13, 2018, 05:18:49 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.

I think it could be a trap. that is just used to squeeze the short. If the price is kept above $800 for a few weeks, then it will be a turn of tide.

CrazeCoinz

member

Activity: 364

Merit: 10

Whatever you may call it, a recovery or a trap, it's good to see the market this way as it's becoming more alive and the altcoins had been blossom with this bitcoin recovery. Although we can't assure that this will go all the way up. I'm hoping that this will be going up slowly and makes to reach again at the all time high by year end.

magisterr

sr. member

Activity: 1372

Merit: 259

I predict, that BTC come back to 10-12k in the end of April. And 16-20k in May. Same with ETH and other currencies. I imagine, how poor people crying now when they sold ETH at 350 usd Grin

warrior333

sr. member

Activity: 406

Merit: 253

It's not a rescue and not a trap. This is the beginning of market recovery. We will have to wait a few more months for a full recovery. But time is not a problem. I think the biggest problem is trust. Many people still don't trust bitcoin. They themselves become victims of whales and the rest of the market destabilizes.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

I think it is a recovery but we have to wait until next week to see what is going on. This weekend will decide either this was just a pump so that people will fall in trap or the price is really recovering and it is on the good track going up to that 10.000$ barrier.

The price stays pretty stable at 8000$ and doesnt show any signs that it would go down but we can't know what is going to happen since we can't control the market. We dont know who is behind this pump but he surely has a plan for the future. The only thing we can do is wait and check the price every hour for changes.

Swenna

full member

Activity: 364

Merit: 106

As of the moment, let us just rejoice at the fact that the price of bitcoin has somewhat recovered. Although, I have been monitoring and watching the movement of the coins in the market and saw that there are slight down prices from time to time. And knowing that thr prices of coins are volatile, we can never be sure if this is continuous or just a trap. Let's just be ready in case this is just a market manipulation.

fourpiece

full member

Activity: 821

Merit: 101

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.

wantjokull

sr. member

Activity: 700

Merit: 275

Its just been 24 hours mate and I don think trusting that this is not bull trap would be bad. This is crypto and we are already seeing the alarming effects of this world and how it moves up and down in shortest possible period!

If thats the case then how can we be sure just with 24 hours data! Lets watch it over one week or more, may be it will again come down and might just start spiking again and this cycle will keep repeating until we see some stability in it.

Just the uncertain world which we shouldn't be ignoring every detail of it. Thoughts welcome over this one. Cheesy

CryptoBry

sr. member

Activity: 1008

Merit: 355

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.

Xester

hero member

Activity: 994

Merit: 544

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?

Topic: Bitcoin back to 8k$!! Is this recovery or a trap? (Read 606 times)