Bitcoin is difficult to rise above the price of $ 4000?? - page 5.

Yaunfitda

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Quote from: bitcoinisbest on March 05, 2019, 12:28:56 AM

Quote from: redsun114 on March 04, 2019, 10:16:52 PM

Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Well, we can see that bitcoin is struggling between the range of $3800 - $4000 for the past two weeks and might still last longer for another two weeks before we begin to see another bull run in price that could get the price of bitcoin to $5000, don't be worry there is no bad news causing this, it's just the market preparing itself for a bull run.

You can confirm what I am saying by checking the market cap of the crypto market and see how money is being pumped daily into the market.

This could just be a temporary fall that would have happened now and trading at 3750$ . Though their is no need to panic as such because this things keep on happening and we might see that in coming time itself it would again rise and reach 5k as well. So be calm and hold on.

Again, we are still in the bear market, speculators will do everything to short and make money including bitcoin. So don't be surprised by this marginal fall from time to time.

Also you have to look at the trading volumes as well, its seems that after a good pump, the volumes started to slow down as well. Typical of a wait and see attitude of most crypto investors now. Not willing to risk and will just ride along with the price goes up again and then sell to take profits.

bitcoinisbest

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Quote from: redsun114 on March 04, 2019, 10:16:52 PM

Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Well, we can see that bitcoin is struggling between the range of $3800 - $4000 for the past two weeks and might still last longer for another two weeks before we begin to see another bull run in price that could get the price of bitcoin to $5000, don't be worry there is no bad news causing this, it's just the market preparing itself for a bull run.

You can confirm what I am saying by checking the market cap of the crypto market and see how money is being pumped daily into the market.

This could just be a temporary fall that would have happened now and trading at 3750$ . Though their is no need to panic as such because this things keep on happening and we might see that in coming time itself it would again rise and reach 5k as well. So be calm and hold on.

redsun114

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Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Well, we can see that bitcoin is struggling between the range of $3800 - $4000 for the past two weeks and might still last longer for another two weeks before we begin to see another bull run in price that could get the price of bitcoin to $5000, don't be worry there is no bad news causing this, it's just the market preparing itself for a bull run.

You can confirm what I am saying by checking the market cap of the crypto market and see how money is being pumped daily into the market.

bitbunnny

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Many have expected so much from 2019 and that it will represent some new begininig for Bitcoin in term of price rise. Still, that didn't happen, at least not so far, although many started premature celebration when Bitcoin recently came to 4000$. But this was only short breath increase that didn't influence market significantly. It looks Bitcoin will not so easily cross 4000$ and 6000$ or even 10000$ that many hoped to see, looks almost impossible in short period of time from current perspective.

icecube45

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Yes indeed it seems that the price of bitcoin is still difficult to exceed $ 4,000. Bitcoin prices a few days ago could reach $ 4,000 but that didn't last long and finally dropped. Currently the price of bitcoin is stable at around $ 3,700 and this lasts approximately a week. Yes, it looks like the market price hasn't really recovered, I don't know this will last until when, but I'm sure it will take longer to recover.

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Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Bitcoin is trying to break a channel that has been established since December last year when big market players dumped it below $4000. This has created a resistance around $4255 and whenever it moves close there is that great resistance from the bear. It will break the channel but it has to be during important news.

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Quote from: jho0810 on March 03, 2019, 05:46:52 PM

Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

There's many things that will be a reason why we cannot still recover to this bear market. And one is the bad news and many fud news. If you really study about Cryptocurrency you will know how you handle your investment or funds in crypto.

The bad news has its purpose, make people feel panic and sell cheap, at that time, Strong Hands buys and prepares the currency to increase the price, that way the offer is tested and, in turn, has achieved a small bull, they use the news many times to do what they want strong hands.

jho0810

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Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

There's many things that will be a reason why we cannot still recover to this bear market. And one is the bad news and many fud news. If you really study about Cryptocurrency you will know how you handle your investment or funds in crypto.

STT

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Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Theres a weight when passing through previous prices, with sellers and buyers wanting to pass their hold onto the market which must then take on the supply of coins and rise anyway if higher price is to be the result.

Its not a negative for the price to hover like this, I would generally side with positive when it goes sideways. I come from more then a few years back when price was in hundreds so every time I see people thinking this price is negative, its kinda funny Grin

It takes time to digest, dont take it too much at face value. Every market in existence has various phases occurring, if you think of tides and all the factors behind every wave thats your natural analogy and pretty close to the chaos of prices

On a daily view we made a low in December and I would call it neutral to positive since that point. The fact people are still not realising we are doing ok, for me marks us as quite positive. I could post another chart but not every likes or is familiar with the formats. I would mark 4500 as a 'gap window' its the ledge to a bigger rise that I would guess is about 6000 as a proper ceiling.

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There is no bad news and I also personally believe that Bitcoin has recovered. We keep on saying that we expecting Bitcoin to recover but we are ignoring the fact that it price recovered when it hit $3k (I believe).
I guess what is keeping the price from increasing are the day traders. The constant buying and reselling for few gains is somehow affecting the price.

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Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

bitcoin value seems follow the same cyclic economy.
probably there are not bad news, but this (like after every peak) it's just another time of quiet, before (?) another great and big pump.
I will not be surprised if the price will be under 5K for the next 2-3 years.

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Quote from: AjithBtc on March 03, 2019, 01:18:12 AM

At this instance it might be hard to cross the $4000 barrier, but the same will be crossed soon when the accumulation by the large volume holders get into the circulation. The growth that happens when price go above $4000 will take the price at least to $6000.

The price of $6000 USD is highly unlikely not possible in my opinion, after the downfall of the price and now 2 to 3 days have passed we still have a less volatile movement that we are experiencing right now and I doubt that we can that certain price the end of this year, But there is a possibility that we can make the $4000 USD next month or the end of March I say if the volume of the holders increase which is happening right now there is a possible increase in the price, But a sudden increase of $5000 to $6000 is not possible at all.

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Quote from: indoagung88 on March 02, 2019, 02:42:47 PM

I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?

Actually the price of Bitcoin affects due to investments. When there will be more investments in the following crypto(bitcoin here) then there will be surely a raise in the price.
Moreover don't forget that Bitcoin once gave us all shock by rising up to 20k$ USD. So just tie up your seat belt and be ready, because the price is volatile and can any time rise up.

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Quote from: franky1 on March 02, 2019, 02:56:34 PM

its the mining:market dynamics

when its cheaper to buy coin rather than mine it, people buy it. when its cheaper to mine it than buy it people mine it.
when prices get above a certain level and it becomes profitable to sell, people do that.

if a price exceeds this 'value' area and prices spike into speculation, expect it to correct back down into reasonable value area.
the only way to have sustained value increase is to have the costs of obtaining it sustainable. which for multiple years has been the hashrate. which while the whole sell off of s9's to be used on altcoins and the fresh purchases of s15(bing slow) to replace, and a upcoming(but not yet here) s17 range.. has not shown much hashrate rise to sustain and give the market higher bottomline support to encourage sustained growth

Right, at low price it is better to buy rather than mine and when it is cheap to mine than people want to buy. This is radiculas matter that people do opposite what the situation demands. No matter, we need to be more patience at this time.

AjithBtc

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At this instance it might be hard to cross the $4000 barrier, but the same will be crossed soon when the accumulation by the large volume holders get into the circulation. The growth that happens when price go above $4000 will take the price at least to $6000.

Herbert2020

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first of all going from $3200 to $4100 and then coming back to $3700 is NOT called "dramatically down" it is called correction instead.

secondly that is normal in any market. price needs time to get out of the bear mode and enter the bull mode. you can not expect it to suddenly start rising back up and shoot to the ATH. it happens slow at first with lots of corrections like that and then as the day traders are flushed out of the market the price starts rallying.

nothing about this is "hard". it only needs time.

Dudeperfect

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We have seen rapid price rally in the market during the last quarter of the year 2017. However, since it was the artificial effort of big whales and institutional investors, correction took place in the first quarter of the year 2018. I was expecting recovery after the second half of the year 2018 but somehow it is delayed but I am convinced that we won't see the much delay from this point and we can expect the price to move upwards with some volatile behaviour. This would be a nice opportunity for those who are willing to get involved with the momentum considering long term investment.

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Quote from: LogitechMouse on March 02, 2019, 08:09:33 PM

There is one day that Bitcoin reached around $4100 but after a day of reaching above $4k mark, it goes down immediately by around $300-400.
I think there is somebody who is manipulating the price of it. Large investors maybe? I don't know but I know that we are in the wave 4 of the EWT and the price of it is above the 200 Weekly MA. Lets just wait for it to rise again.

I've never think there is market manipulations happen, any fluctuation came from market demand and it is quite to see that there is no such huge demand. Isn't that hypes which is used by some whales to move a certain coin, but the entire market were moving and definitely isn't the manipulated price index.

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The price is finding it difficult to rise because it is overvalued right now. As much as i like bitcoin (and hold) i cannot think of any reason it should be worth $4000 a piece at this stage.

LogitechMouse

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There is one day that Bitcoin reached around $4100 but after a day of reaching above $4k mark, it goes down immediately by around $300-400.
I think there is somebody who is manipulating the price of it. Large investors maybe? I don't know but I know that we are in the wave 4 of the EWT and the price of it is above the 200 Weekly MA. Lets just wait for it to rise again.

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