Uptrend, forget about the possibility of the bull trap because whales just encourage you not to ride to this upcoming big bull run.
$5700 in your book now, but Bitcoin reached $6,000 already in some exchanges.
If this is still a bull trap, we can accept this, what we have in mind now is to see the price to rise again as most of us get's really disappointed last year.
Topic: Bitcoin's price break 5700 USD, is this uptrend or bulltrap? - page 3. (Read 420 times)
OP, "uptrend or bulltrap"? That doesn't matter anymore, you know why? Because it's "buy the dip, and HODL" season! 
If you were in a financial position in life which felt "unfair", it's time to work hard and save every penny you earn in Bitcoin. Get a second job if you have to.
If you were in a financial position in life which felt "unfair", it's time to work hard and save every penny you earn in Bitcoin. Get a second job if you have to.
Its wind of change which we are all been waiting for. For a long time now people have started giving up on bitcoin but let us hope this price will consistently bring about a uniform rise in other strong altcoins as well. I will like to see ETH breaking that $170 resistance and move to the next level hopefully.
The people who gave up on BTC already left. The ones who believe in the king of the crypto market continue to trade it over the long term. This is no bull trap since I see this as perfectly organic growth spurred by positive news from every direction.ETH will cross $170 soon and it will target $180 next.
The market growth happening at present is a perfect uptrend, because the market got impacted when there arise an issue with Bitfinex covered a $850 million loss with tether funds. The market crashed reaching $5200 and stayed around $5285 by the weekend. Now the market has taken a forward price push reaching $5800+ without getting impacted of several negative things that have been taking place.
Agree, this could be a possible scenario. The recent dip from 5,600$ down to $5,200 is due to the tether issue. One thing that we can be sure of, the market s getting healthier and more and more news and development are happening as time goes by
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Moreover, recent IEO platforms have showed their failures, investors consider cryptocurrency as a scam platform so that they will withdraw their money for investing in other field.
Would not be shocked since IEO is not that far from ICO. What I think we really need is something that would stop teams of developers who are creating scam and useless projects that stains the whole market's credibility.
IMHO this only affects new altcoin from IEO and has little effects on established crypto already existing cryptocurrency.
A lot of investors, usually old investors are aware of this.
Its wind of change which we are all been waiting for. For a long time now people have started giving up on bitcoin but let us hope this price will consistently bring about a uniform rise in other strong altcoins as well. I will like to see ETH breaking that $170 resistance and move to the next level hopefully.
The market growth happening at present is a perfect uptrend, because the market got impacted when there arise an issue with Bitfinex covered a $850 million loss with tether funds. The market crashed reaching $5200 and stayed around $5285 by the weekend. Now the market has taken a forward price push reaching $5800+ without getting impacted of several negative things that have been taking place.
Everyone feel happy and energetic while Bitcoin has increased to over 5.700 USD last 24 hours, look at the Bitcoin's price chart, we can see the "tripple peaks" is forming (1D).
To the uptrend idea, there are many good news for Bitcoin and cryptocurrency recently. Many investors have started to consider carefully about this digital asset (CFTC Chair Giancarlo Expects ‘Explosive’ Spike in Crypto Interest). Furthermore, this is the first time in the last 5 months BTC's price over 5,700 USD, so we have can think about good future.
On the other hand, If we look at the 1D chart again, there are some chances that the price has just formed the tripple peaks model, so the price gonna down to lower than before it rise. Moreover, recent IEO platforms have showed their failures, investors consider cryptocurrency as a scam platform so that they will withdraw their money for investing in other field.
Actually, this is just my personal view. Please share your opinion and we will discuss about it.
To the uptrend idea, there are many good news for Bitcoin and cryptocurrency recently. Many investors have started to consider carefully about this digital asset (CFTC Chair Giancarlo Expects ‘Explosive’ Spike in Crypto Interest). Furthermore, this is the first time in the last 5 months BTC's price over 5,700 USD, so we have can think about good future.
On the other hand, If we look at the 1D chart again, there are some chances that the price has just formed the tripple peaks model, so the price gonna down to lower than before it rise. Moreover, recent IEO platforms have showed their failures, investors consider cryptocurrency as a scam platform so that they will withdraw their money for investing in other field.
Actually, this is just my personal view. Please share your opinion and we will discuss about it.
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