Bitcoin touched $43k, from $33k in two weeks - page 8.

rodskee

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Quote from: kentrolla on February 07, 2022, 03:34:34 AM

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

actually the main pump happens days ago from 37k to 41k in just 1 day and now reaching 44k in just 1 night. so yeah Bitcoin is in the hype position now and hoping this will be the breaking of 50k this week as we have been waiting this for months now .
I am ready to take out now and re invest in the future because there seems to be more of this dumping to happen soon.
lets see what is the next 2 weeks will bring and decide for our own to what will be our action towards this .

krishnaverma

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We should be happy, good days are coming back. Soon we will have 60k also.

One thing I am surprised is that there is no reason pushing the prices back up. It means that bitcoin has a lot of strength on its own and thus people invest in it as they believe in it. It is a good thing for all the long term investors as they can be assured of positive returns on their investment.

btc_angela

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We will see if it could rally to $50k right now, it's up to $45k and obviously the next barrier is $50k.
And this kind of rally is huge for this month, others said it's unexpected but this is what crypto market is. Although there are some patterns and TA is being used, most of the time it's a hit or miss. So let's see how everything pan out, I personally thought that we are in a bearish phase but I have to accept again that I'm wrong. Grin

And lucky for those who have bought during the lowest low of $32k-$33k.

crwth

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There could be another downward trend for a while to fill out the gap that we had recently when we have reached the ATH. I think that it would be beneficial when you try to buy continuously depending on the trend that we have. It will be a hard decision if you take it as something like a sign; it can be your initial sign and buy in more as time goes by.

worle1bm

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If you see the price history charts then every fall is accompanied with little pumps in btc and many are happy and surprised to see this happening as they grow from $34k to $41k at first and now it's above $42500 but calling this bull market is not still not efficient as any negative FUD surrounding it can again push it below.So according to me observing it for more time and holding is the best option that can give you profits at last.

Kakmakr

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Some people are so shocked by the drop from $60 000+ to $33 000, that they will be reluctant to climb back in during the recovery period. The Fiat investors are not used to extreme price volatility, so a drop like that will definitely scare the pants off of them. Grin

The opportunist would have jumped in at $33 000 and made a $10 000 profit per bitcoin in the two weeks, if they listen to the old Crypto enthusiasts on this forum. (We see a massive drop in the price as an opportunity, not as a disaster) Grin

Warren Buffet said, "be fearful when others are greedy, and greedy when others are fearful.” Cheesy

davis196

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The only thing about the Bitcoin price that is certain is that nothing is certain.
OP,you shouldn't say that this isn't a bull trap,because it mind end up being a bull trap.The Bitcoin market can always surprise us.We have seen such fast price recoveries in the past,so this price recovery isn't a something unusual.Perhaps this is just the BTC market being volatile.
I'm pretty positive about the future of the Bitcoin price in the upcoming few months(assuming that there won't be massive FUD coming from the big governments).
However,I don't expect a massive bull run in February and March.

Poker Player

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Quote from: pushups44 on February 07, 2022, 09:50:45 PM

I'm inclined to believe, with upcoming rate hikes, this is a bull trap and we'll be heading to sub-$30,000 this year, but I could be wrong.

What I believe is that the rate hike will only affect the short term. In the long term it will not matter the monetary policy or any other FUD, Bitcoin will continue to rise.

Quote from: pushups44 on February 07, 2022, 09:50:45 PM

One fundamental factor that could propel bitcoin above $100,000 this year, or close to it, is rising adoption. The entire industry is experiencing exponential growth. So it's possible the bear market will be shorter and shallower than previous ones. Only time will tell if we are in a bear market like I believe.

I think this is what is really important. Despite the ups and downs of the short term, there is more and more adoption, even institutional, you can pay more and more places with Bitcoin, the hashrate keeps growing, and so on. These facts and the intrinsic characteristics of Bitcoin that make it the best for storing and transferring value will mean that, regardless of the short term ups and downs, as I said before, in the long term the value will not stop rising and rising.

m2017

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Quote from: kentrolla on February 07, 2022, 03:34:34 AM

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

This is a common occurrence when bitcoin price changes and jumps so dynamically. Judging by your profile, created in 2011, you must have seen this many times and could get used to this scenario.

Quote from: kentrolla on February 07, 2022, 03:34:34 AM

What's your take on Bitcoin price?

Calmly. This minute ups and downs mean nothing in the long run. Do you propose to hysteria and rejoice on the ups, and then sob on the downs? Do you need those emotional swings?

Sayeds56

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Quote from: kentrolla on February 07, 2022, 03:34:34 AM

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

Absolutely right, it doesn't look like a Bull trap, it is real bullish reversal after almost 60% correction from its ATH. Historically the month of February has been Bullish for Bitcoin. It is sigh of relief that price has recovered almost 30% from its bottom of 33K but I think still it need to increase further to 53K to be sure that Bitcoin is in Bullish zone and it will certainly trigger massive rally in Alts coins.

Farma

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well, now the price of bitcoin has gone up to the price of $ 44k, and soon to the price of $ 45k. looks like, the $50k price tag will actually hit. well, I'm targeting that price. whether this is a bull trap or not, but if this price continues to hold or continue to rise, I think altcoins will also recover from the dump that occurred a few weeks ago. let's hope that this is a signal for a new bull run.

Fundamentals Of

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You didn't buy at the price below $35,000? Were you thinking the price would still fall further down? You'd rather buy when the candle is green and not when the candle is red. But of course it is better to buy at $42,000 than buy at $48,000 or higher.

I'm looking at the possibility that the bear market is already finish. Not only has the price moved quickly past $42,000, the price has in fact conquered $44,000. This could still be a trap but more unlikely. There is already a somehow sustained momentum.

pushups44

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I'm inclined to believe, with upcoming rate hikes, this is a bull trap and we'll be heading to sub-$30,000 this year, but I could be wrong. One fundamental factor that could propel bitcoin above $100,000 this year, or close to it, is rising adoption. The entire industry is experiencing exponential growth. So it's possible the bear market will be shorter and shallower than previous ones. Only time will tell if we are in a bear market like I believe.

kawetsriyanto

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Quote from: TribalBob on February 07, 2022, 10:55:46 AM

very possible if there is no fud anymore, 50+ will be easier it should be in Q2 later if fUD is not playing ,

We know it is impossible to expect no FUDs. There should be FUDs after a big increase, it is something usual to happen. So far, we already have 2 big negative news, crypto ban "Rusia" and "China". As you know, it brings big impacts to crypto market. Now, imagine if the bad news comes from USA? I am pretty sure that there will be a huge drop in Bitcoin and Altcoin prices. I don't want to spread FUDs, but trying to think more realistic! Wink

*Still too early imagine BTC price passes $50k.

Quidat

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Quote from: kentrolla on February 07, 2022, 03:34:34 AM

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

One of the things which is really good on dealing with crypto investment is that you could get 30-40% gain in shortest time as possible which could really give out that kind of opportunity
and that what makes it interesting but of course it would really be that risky for you to deal off with but if you could bare that thing then it wouldnt be an issue.
For those who had missed out those chances on buying then for sure they are really regretting as of this moment as the price is climbing upwards
once again.

Silberman

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Quote from: e_abrams on February 07, 2022, 09:27:55 AM

Do you guys think the bear market may have ended this soon? Personally, I was convinced it would last for months and months, well into 2022. I really hope I was wrong.

This is not something that we are not going to know until this year ends, however there has been a lot of speculation about bitcoin being in a supercycle, what this means is that instead of seeing the classic drop in the market after the bull run we could see corrections but then the price will push even higher each time, if we were to reach a new ATH during the next months the possibility of the supercycle theory being true will rise up significantly, after all when it comes to the 4 year cycle of bitcoin this was supposed to be a down year and so far things have not being as bad, even if a decrease in the price has indeed happened.

TelolettOm

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I don't think that this is a new condition like this. We all know that bitcoin price can drop to be very low only several times, and will also increase after struggling several times also. The up and down of Bitcoin is normal. For, it is volatile enough. What makes it worse is that we are feeling too panic to face the dropped market price of Bitcoin itself. Because it will always influence altcoins. Additionally, Bitcoin is a big thing, once it is dropped, media will rise up the issues more and more, many FUD will spread everywhere.
On the other hand, when the price of Bitcoin can rise up very high, many Ponzi and also hype are also around us.
So, just follow the flow of this market.

tomahawk9

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Quote from: e_abrams on February 07, 2022, 09:27:55 AM

Do you guys think the bear market may have ended this soon? Personally, I was convinced it would last for months and months, well into 2022. I really hope I was wrong.

Too early to draw any conclusions. This is probably the biggest recovery we've seen in months so it'll definitely attract more fresh capital into the market, add in a possible shift in market sentiment and the words "bullish" and "buy signal" being thrown around in social media for the first time in what feels like forever, and yeah, something's brewing...
but, it's only monday, i'll give it a few more days or maybe a week or so to see where this goes before making some decisions... For now, let the dumb money pump the price

Henrobakkara

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Quote from: Swordsoffreedom on February 07, 2022, 08:37:50 AM

Quote from: kentrolla on February 07, 2022, 03:34:34 AM

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

I've placed my buying order from $40K to $20K, 20% of my buying order has been filled, 80% is still pending. I'm expecting a double bottom like previously happened.
Last May when correction occurred, BTC just fall into 30K in a sudden after that a double bottom brought the price down to $28.5K.
If my prediction will go in the right direction and all of my pending orders will fill then I will remain in the market until it touches $100K. I believe we will see a new 100K trend after May 2022.

I doubt that your expectation of another dip or a double bottom might not happen cos looking at the chat right now, Bitcoins price is currently trading at around $44k+ and I believe that there is a good support area here, I think it is going to be a gradual uptrend from here.

sirminesalot

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Quote from: kentrolla on February 07, 2022, 03:34:34 AM

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

You should decided to invest back in crypto when the price at 32k actually, doing reinvesting in crypto is not about at the specific price but you should do the gradually investing everytime the price goes red at the market, so you won't doubt at what price you will re invest your money.
I'm pretty sure there will be another bear run in near future before the big bull run, but prepare for any condition is the best thing to do as always

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