Bitcoin Price trends will be decided tomorrow(05/05/2019)

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legendary

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Quote from: Rooster101 on May 11, 2019, 02:43:43 AM

Bitcoin continues to go up and already reaches $6800 as of this moment. If this kind of price trend continue, bitcoin might reach $10k or above at the yearend. This uptrend might caused by new bitcoin investors and the continued adoption of bitcoin in many part of the world. These new batch of investors with significant funds if combines with the current investors can lift the price of bitcoin and other crypcurrencies.

Bitcoin behavior is more than strange now. Even the best crypto experts cannot give the short-time prognosis about the price of this cryptocurrency. Hope, that we will not see the next fall or correction.

canman

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Quote from: Rooster101 on May 11, 2019, 02:43:43 AM

Bitcoin continues to go up and already reaches $6800 as of this moment. If this kind of price trend continue, bitcoin might reach $10k or above at the yearend. This uptrend might caused by new bitcoin investors and the continued adoption of bitcoin in many part of the world. These new batch of investors with significant funds if combines with the current investors can lift the price of bitcoin and other crypcurrencies.

Achieving a high price will make the market recover well if Bitcoin can stabilize during this time as this is a great opportunity for new coins to rise. I think now that Bitcoin needs to reach $8000 in June then we can be sure of the uptrend in this market but if Bitcoin doesn't reach that price then the bear market will happen once again and this time things will get worse in 2019

prtty2gal2

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Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

I believe that the price trend have been discovered already and all we can say is moon, moon and more moon, the price of bitcoin have been going up for the past 7 days regardless of the fact that the chinese went on holiday and also on the fact that a lot of coins were stolen from binance exchange recently, on a norms, this kind of news always cause a dump in the price of coin, but the reverse became the case this time because all I see is moon.

FanEagle

legendary

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Quote from: gilangIDR on May 10, 2019, 03:43:18 AM

Prices continue to change and this is a natural thing happening in the world of cryptocurrency. What we need to do is follow the flow and try to maximize every momentum that exists. Our ability to analyze prices is very necessary in situations like this. The price of Bitcoin will always change and what will determine is ourselves.

And I guess that we have all decided to follow the uptrend to make bitcoin continue to grow in price, the only way we can guarantee the future of bitcoin is if we community strong stay by bitcoin, wherein we have to stop dumping unnecessarily, unnecessary dumping is taking premature profit to solve our problems without returning it back to the market, I know we will always have dumping, but that should only be because we are trading to increase our investment and holdings.

If we really want the activities from bulls to have effect on the market greatly, we should keep holding on every increase, except we see the whales see the whales striking which is easy to know.

adaseb

legendary

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We all predicted the top incorrectly and either sold too early or have a very negative short. I think one clue to the top of bitcoin can be when we get alts to start gaining again which is exactly what happened back in Dec 2017.

If you look at ETHBTC, XMRBTC and most of the popular alts, they basically formed a low again the ratio for BTC within a week of the BTC all time high price of $20K. So money flowed from alts into Bitcoin and then flowed from Bitcoin into alts and then eventually the alts bubble burst, and major whales took their profits into fiat, it seemed.

If this is a repeat then its important to watch the ratios very closely. We can't predict the top but if we see some buying momentum with the major alts we might be a few days or a week of a bitcoin top pivot.

Rooster101

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Bitcoin continues to go up and already reaches $6800 as of this moment. If this kind of price trend continue, bitcoin might reach $10k or above at the yearend. This uptrend might caused by new bitcoin investors and the continued adoption of bitcoin in many part of the world. These new batch of investors with significant funds if combines with the current investors can lift the price of bitcoin and other crypcurrencies.

Cosbycoin

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Quote from: gilangIDR on May 10, 2019, 03:43:18 AM

Quote from: Bitcotalk on May 09, 2019, 02:20:59 AM

Quote from: marcbitcoins on May 07, 2019, 11:10:30 PM

We could not say that this is a sign of bullish run as we have in this situation before that after market price rise up it will become a big whale traps but this market up slow movement is better than seeing the whole crypro currency market in dip. So hopefully that this current development is what we are waiting for.

I truly believe that it is a bullish trend in the market currently. You are getting your value raised and to be honest, the lost trust in Bitcoin is kind of restored due to the rise in the prices. The previous rise you are talking about was artificial rise and was not really a bullish market which is the reason why people refrained from investing and kept on HODLING. I believe this is what we have been waiting for.

Prices continue to change and this is a natural thing happening in the world of cryptocurrency. What we need to do is follow the flow and try to maximize every momentum that exists. Our ability to analyze prices is very necessary in situations like this. The price of Bitcoin will always change and what will determine is ourselves.

This is not just the case in crypto but almost in every market. This fluctuation give space to new investments and this is something we are having in crypto market right now. And yeah, you do the TA and FA to see the expected rise in the price of Bitcoin. You either get the data for every rise for the past weeks or could run a time series test to see what value you get but above all, follow the market signals.

malikusama

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Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

I don't think so altcoin holders will shift to BTC in this bearish altcoin market, it will be a huge loss if they do so.
This rise in BTC price seems to be much solid as compared to sky rocket price in 2017. According to my observation, this time we will see a consistent growth of BTC price which will be stable than before.

perla

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Quote from: NavI_027 on May 10, 2019, 08:20:18 AM

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not <...>

We really don't know what is the main reason for this bullish run, it might be the adoption or might be the trading. Only one thing is for sure, both factors provides posiyive trend in the market and that was a lot to cherish for.

As I look to my wallet lately, I'm shocked because btc now exceed the $6k mark. That is quite impressive. Hmm, I think it's the right time for me to invest more while the hyoe lasts lol.

if you still confidence to invest more, i think it is worth to try. As long you keep aware with your assets so not miss chance to sell in profit. If me, i already hold a little amount of bitcoin because only have Ethereum for now, actually little regret about it. Grin

bitcoindusts

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Quote from: NavI_027 on May 10, 2019, 08:20:18 AM

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not <...>

We really don't know what is the main reason for this bullish run, it might be the adoption or might be the trading. Only one thing is for sure, both factors provides posiyive trend in the market and that was a lot to cherish for.

As I look to my wallet lately, I'm shocked because btc now exceed the $6k mark. That is quite impressive. Hmm, I think it's the right time for me to invest more while the hyoe lasts lol.

Probably it is because of the involvement of Fidelity, a Boston-based asset management firm. The involvement of Fidelity surely push the price of Bitcoin since it brings trust to wall street by safeguarding its cryptocurrency investor.

Quote from: https://www.newsbtc.com/2019/05/09/heres-why-bitcoin-price-is-looking-at-an-eye-popping-bull-run/

Fidelity’s announcement opened a strong Wall Street perspective for bitcoin. The big institutions so far kept their distance from the cryptocurrency industry, citing lack of regulatory oversights, volatility, and security as main issues. Fidelity itself entered the bitcoin space as a custodian, the one that would safeguard the cryptocurrency for investors. But the company stayed on the sidelines as far as trading bitcoin was concerned.

NavI_027

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Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not <...>

We really don't know what is the main reason for this bullish run, it might be the adoption or might be the trading. Only one thing is for sure, both factors provides posiyive trend in the market and that was a lot to cherish for.

As I look to my wallet lately, I'm shocked because btc now exceed the $6k mark. That is quite impressive. Hmm, I think it's the right time for me to invest more while the hyoe lasts lol.

Nunoluck

full member

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Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

The factor is not only sifting funds of altcoin holder to bitcoin but it is also the effect of bitcoin adoption. Bitcoin price will not go down or go up forever, most of traders are understand the patern of bitcoin price movement. I guess when bitcoin price reach around $10.0000 then the price will fall around $7.000 because people who buy bitcoin at $3.000 -$5.000 will feel statisfied if they can get 100% profit.

abeecrypto

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well, one thing is sure; the low is set. what we don't know now is when the rally will really take off. 70% of the smart money is already into the markets. the remaining 30% of the smart money will get into the markets soon. I feel the market will remain sluggish for quite sometime before we see any huge moves. but who cares? I have bought my tokens and am simply waiting for what holds in the future. There will be a lot of noise now, but none of that noise can change what is to happen in the future.

gilangIDR

legendary

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Quote from: Bitcotalk on May 09, 2019, 02:20:59 AM

Quote from: marcbitcoins on May 07, 2019, 11:10:30 PM

We could not say that this is a sign of bullish run as we have in this situation before that after market price rise up it will become a big whale traps but this market up slow movement is better than seeing the whole crypro currency market in dip. So hopefully that this current development is what we are waiting for.

I truly believe that it is a bullish trend in the market currently. You are getting your value raised and to be honest, the lost trust in Bitcoin is kind of restored due to the rise in the prices. The previous rise you are talking about was artificial rise and was not really a bullish market which is the reason why people refrained from investing and kept on HODLING. I believe this is what we have been waiting for.

Prices continue to change and this is a natural thing happening in the world of cryptocurrency. What we need to do is follow the flow and try to maximize every momentum that exists. Our ability to analyze prices is very necessary in situations like this. The price of Bitcoin will always change and what will determine is ourselves.

Kiweikoo

hero member

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Quote from: arpon11 on May 09, 2019, 02:43:35 AM

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

It is very clear that funds are flowing from outside into cryptocurrencies market and it is not from flipping. We know that when investors are flipping within cryptocurrencies market it will not have any infect in the market capitalization but we are seeing changes in the market capitalization and that is the sign that money is flowing from fiat to cryptocurrency markets.

Well this is obvious and there should be no doubt in the fact that there is a flow from fiat to cryptocurrency for there is great opportunity for investors to make money and I mean big money. Couple of months back, Bitcoin was as down as $3000 and today it crossed $6000 which is enough motivation for someone to transfer ones money from fiat to crypto.

SirLion

newbie

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Quote from: tonlong on May 04, 2019, 03:32:13 AM

We look forward to this new bullish trend. I think Bitcoin will break the current price and reach $ 7,000 in May. If this happens. it will serve as a bomb that stimulates all Altcoins simultaneously with new price increases. It helps the crypto market grow.

Bitcoin price forecast was quite tensed for the next two years, but now it doesn't look so sad as was expected. 7k in May are very close and achievable enough.

arpon11

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Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

It is very clear that funds are flowing from outside into cryptocurrencies market and it is not from flipping. We know that when investors are flipping within cryptocurrencies market it will not have any infect in the market capitalization but we are seeing changes in the market capitalization and that is the sign that money is flowing from fiat to cryptocurrency markets.

Bitcotalk

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Quote from: marcbitcoins on May 07, 2019, 11:10:30 PM

We could not say that this is a sign of bullish run as we have in this situation before that after market price rise up it will become a big whale traps but this market up slow movement is better than seeing the whole crypro currency market in dip. So hopefully that this current development is what we are waiting for.

I truly believe that it is a bullish trend in the market currently. You are getting your value raised and to be honest, the lost trust in Bitcoin is kind of restored due to the rise in the prices. The previous rise you are talking about was artificial rise and was not really a bullish market which is the reason why people refrained from investing and kept on HODLING. I believe this is what we have been waiting for.

kumala_abi

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Quote from: marcbitcoins on May 07, 2019, 11:10:30 PM

We could not say that this is a sign of bullish run as we have in this situation before that after market price rise up it will become a big whale traps but this market up slow movement is better than seeing the whole crypro currency market in dip. So hopefully that this current development is what we are waiting for.

i think this not bull trap.market increase slowly and smoothly.usually if this bull trap price suddenly pumped in short time.but the current condition very different.investors believe that this is the moment for cryptocurrency recovery.

Bitcotalk

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Quote from: palle11 on May 07, 2019, 10:20:50 AM

Quote from: bitbunnny on May 04, 2019, 03:23:43 PM

Quote from: iv4n on May 03, 2019, 01:54:49 PM

How much popcorn to prepare, my friend? The rally may last long and may be over tomorrow already. Bitcoin is totally unpredictable, but as all of you guys I would like that it would be just the beginning and we will see more positive surprises in sooner time.

Exactly, Bitcoin is unpredictable so I don't agree that one particular date could define anything, especially not for long term. Besides, I don't think that I have nervs for any kind of predictions at all.

I also don't know any particular day for bitcoin price increase, what I can see is that we seem to have entered a bull time and the expectation henceforth is for price improvement or steady increase in price. All indicators are pointing for a bull at the moment.

I believe we do not need to wait for a particular day or month for the prices of Bitcoin to rise high. There are two factors here. First is the uncertainty and precision. There is uncertainty in market and you just cannot predict with 100% precision's. The second is that there is no definite or specific time for Bitcoin to rise. It is a game of market forces and exogenous factors.

Topic: Bitcoin Price trends will be decided tomorrow(05/05/2019) (Read 497 times)