Bitcoin Breaks $5,600 As New Highs Are Achieved For 2019 - page 2.

Netnox

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Quote from: Sanitough on April 24, 2019, 09:38:13 AM

Quote from: Netnox on April 24, 2019, 08:38:01 AM

It looks like Bitcoin is struggling to breach $5.5K. The current scenario looks very different from what we had in 2017. Back then, there was strong demand which was neutralized by strong supply. But now, both the supply and demand looks weak and the overall trade volumes are down. So there is a chance that any upcoming rally will be more mild and moderate.

A lot had change, we are seeing a different approach this year but it's still good to see it rise.
The big difference now IMO is that only bitcoin is rising, altcoins are still in bear mode and therefore they could not contribute to the total volume.
However, looking on the comparison from last 2017 and today's trading volume, I can say there's also an improvement because volume now is $54 billion
according to https://coinmarketcap.com/,

Alts have gone down during the last 2-3 days. Initially, they were also in the bull mode. Bitcoin dominance is now inching closer to the 55% mark, and I think if the trend continues then it may even rise to 65% or 70% by the end of this year. A part of the lag with regards to the alts may be due to the negative incidents surrounding BSV.

maxreish

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Quote from: antisocial77 on April 24, 2019, 03:49:51 AM

according to my graphic, its going to back 5270 to retest, then up to 6010.its not possible to brake 6k in first attempt so i think its going to stay between 5250-6000 for a while. i hope this scenerio will happen because alts going to breath and we really need that.

Been heard some of this from some websites. You sure had the same speculation, I guess. And that being said are happening right now. After breaking the $5600, seems it is now on a bear trying to go down at $5,200.

I strongly believe that $6,000 is really near. Just a few recovery and corrections and another bull run will gonna happen.

Natalim

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BTC to the MOON in 2019

Quote from: snipie on April 24, 2019, 04:06:50 PM

Quote from: Slow death on April 24, 2019, 01:50:10 PM

...
you should already imagine that the panic sale already must have started and when this happens, many people do not sleep thinking that the price will fall to $1000... this is a cycle that will never end
...

Unfortunately many people start selling once the price rises to grab as much tiny profit as possible...which will drive the bitcoin price down as usual.
I would say some expect it to be less than $1 which will not happen again!
For me till the price is sustainable above $5k, it is a good and a promising sign

They'll have to wait for forever if they are still hoping that $1 price, it's too late for them, they should have invested in the early phase.
$5K is really stable at the moment, this price behaves like we are in the $4K range, a little fluctuation but over time it rises, I'm seeing $6K here anytime soon.

snipie

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Quote from: Slow death on April 24, 2019, 01:50:10 PM

...
you should already imagine that the panic sale already must have started and when this happens, many people do not sleep thinking that the price will fall to $1000... this is a cycle that will never end
...

Unfortunately many people start selling once the price rises to grab as much tiny profit as possible...which will drive the bitcoin price down as usual.
I would say some expect it to be less than $1 which will not happen again!
For me till the price is sustainable above $5k, it is a good and a promising sign

exstasie

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Quote from: Kemarit on April 24, 2019, 08:00:17 AM

Quote from: alyssa85 on April 24, 2019, 05:07:28 AM

Everytime the mempool gets full, it starts correcting:

https://jochen-hoenicke.de/queue/#0,2w

It's maddening that after all this time it's still not fixed

Obviously, it's clogging because transactions (buying/selling) also spiked.

Yeah, transaction activity between exchanges is probably spiking. It always does when price spikes. In addition, we have a new issue to contend with: spamming from the Veriblock protocol. It uses OP_RETURN transactions in Bitcoin to secure altcoins.

Slow death

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Quote from: JessicaVL on April 24, 2019, 03:12:36 AM

It is all green once again across the top cryptocurrencies as Bitcoin crosses $5,600 for the first time in 2019

Now it's all red

you should already imagine that the panic sale already must have started and when this happens, many people do not sleep thinking that the price will fall to $1000... this is a cycle that will never end

Quote from: jazmuzika217 on April 24, 2019, 10:08:57 AM

A lot of people in cryptoworld are now asking if this is the start of bull run.

the problem is that people create many expectations and after the price falls a little they already panic

2chase

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What happened today and yesterday is quite an expected phenomenon because in the very near future bitcoin will have to show a sufficiently large growth force, it will happen in a week, and in a couple of months it’s not so important. What is important is that the market has now turned in the direction of growth and continues to increase its previously lost prospects and positions.

harizen

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Quote from: Netnox on April 24, 2019, 08:38:01 AM

It looks like Bitcoin is struggling to breach $5.5K. The current scenario looks very different from what we had in 2017. Back then, there was strong demand which was neutralized by strong supply. But now, both the supply and demand looks weak and the overall trade volumes are down. So there is a chance that any upcoming rally will be more mild and moderate.

That 2017 strong demand is purely a hype. The attempt to bring the price upwards were aggressively push that results into people that just put money on cryptos thinking it's easy to have a decent profit out of it.

I also don't considered current demand as weak. It's just that, it's supposed the usual price movement.

Want to see a slow rise with good resistance at a certain level rather than a quick jump without any foundation.

jazmuzika217

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A lot of people in cryptoworld are now asking if this is the start of bull run. Good to see taht bitcoin finally reaching this level a little more pump and we can touch the $6k but right now bitcoin suddenly dump and after that we will move again, for the altcoin this movement is not good because their price slowly going down.

onecall123

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I was thought that this time Bitcoin may reach $6,000 but unfortunately we're encountering little pullback. Anyway, I have still nice feeling there lots of space to go. BTC dominance is over 50% and It has maintained its support zone for a long time overall summing up the situation with the exception of BTC blast sooner.

Sanitough

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Quote from: Netnox on April 24, 2019, 08:38:01 AM

It looks like Bitcoin is struggling to breach $5.5K. The current scenario looks very different from what we had in 2017. Back then, there was strong demand which was neutralized by strong supply. But now, both the supply and demand looks weak and the overall trade volumes are down. So there is a chance that any upcoming rally will be more mild and moderate.

A lot had change, we are seeing a different approach this year but it's still good to see it rise.
The big difference now IMO is that only bitcoin is rising, altcoins are still in bear mode and therefore they could not contribute to the total volume.
However, looking on the comparison from last 2017 and today's trading volume, I can say there's also an improvement because volume now is $54 billion
according to https://coinmarketcap.com/,

Netnox

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It looks like Bitcoin is struggling to breach $5.5K. The current scenario looks very different from what we had in 2017. Back then, there was strong demand which was neutralized by strong supply. But now, both the supply and demand looks weak and the overall trade volumes are down. So there is a chance that any upcoming rally will be more mild and moderate.

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Quote from: bitcoin31 on April 24, 2019, 07:38:56 AM

That is the highest value bitcoin reached this year 2019 and I believe not only that because it will rise more than and we believe on that because for sure bitcoin can rise more because many investor to invesg again. Im so much happier before end of April I hope price turn into $6000 or first week of March.

The price for 2019 is reached and the same didn't last for a longer time period. Now for few days or weeks time the price of bitcoin will move between two end prices and further we can experience gradual growth of bitcoin. Moreover when the price of bitcoin cross the $6000 can confirm that the bull market is confirmed.

Kemarit

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Quote from: alyssa85 on April 24, 2019, 05:07:28 AM

Everytime the mempool gets full, it starts correcting:

https://jochen-hoenicke.de/queue/#0,2w

It's maddening that after all this time it's still not fixed

Obviously, it's clogging because transactions (buying/selling) also spiked.

Quote from: rdbase on April 24, 2019, 03:33:08 AM

Many speculate this is the start of a bull run in the market but it is still too soon to tell because what news was there to back this up?
Usually to have it sustain and hold this upward trend there has been some good news in the cryptospace right before it happens.
This was the same when it reached its all time high but this time what news was there? I havent seen anything of significant importance to mark this as a strong bull run like it was last year.

Of course, sooner or later we will see some corrections along the way, there's nothing to worry about as it's on the 'overbought zone', and as a result people started to sell right now. We can say that we are still in the bull-run though, maybe at the end of the week we will see the price going to $5600-$6000. I read that people are also categorizing bull-runs right now, so I might say that we are "mildly" in the bullish zone.

The Cryptovator

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We are facing little pullback even bitcoin touched $5.6k. But I think current trend is healthy enough and we will not see big pullback. Yes, this is all time high for 2019 only but we are too far from ATH. Although I am not expecting that this year would cross ATH but at leas should break $10K zone end of this year. Investors are coming back and few positive news around market. So up trend should continue since bitcoin holding strong zone of $5K.

bitcoin31

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That is the highest value bitcoin reached this year 2019 and I believe not only that because it will rise more than and we believe on that because for sure bitcoin can rise more because many investor to invesg again. Im so much happier before end of April I hope price turn into $6000 or first week of March.

Shinpako09

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Quote from: antisocial77 on April 24, 2019, 03:49:51 AM

according to my graphic, its going to back 5270 to retest, then up to 6010.its not possible to brake 6k in first attempt so i think its going to stay between 5250-6000 for a while. i hope this scenerio will happen because alts going to breath and we really need that.

It's fine to see the price decreasing like that. It's normal, some are taking profit. As long as the price showing resistance in $5k, it's all good. I expect again a decrease like this if we reach $6k and will go up again and will going to show resistance in $6k for the 2nd time btc reaches it.

Pab

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Already below 5500 $ can drop to 5200$ maybe it will be more healthy even
Break 6500$ will be very hard and we need more time for that
There was big hype yesterday about golden cross so if golden cross will work in positive way then we will see that from tomorrow rather
But it dosn't work in a case of ETH
There is also golden cross on ETH chart

alyssa85

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Quote from: cogentjm on April 24, 2019, 04:42:32 AM

Correction is started.. slowly but from last month everyday grow..

Everytime the mempool gets full, it starts correcting:

https://jochen-hoenicke.de/queue/#0,2w

It's maddening that after all this time it's still not fixed.

At some point an alt will appear that doesn't have these problems and will gain market share.

pushups44

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Quote from: JessicaVL on April 24, 2019, 03:12:36 AM

It is all green once again across the top cryptocurrencies as Bitcoin crosses $5,600 for the first time in 2019, setting up the market for an upward movement that has been anticipated by many.
Read more here: https://www.cryptofish.com/blog/bitcoin-breaks-new-highs/

The bias is upwards at this point, but bitcoin is highly volatile and is known to dip shortly after each golden cross before resuming higher. The golden cross points to the early stage of a bull market.

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