Bitcoin's second biggest weekly gain happened yesterday - page 3.

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Quote from: elevates on February 21, 2023, 03:54:41 AM

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What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

None of what you said.

Ok the market is up 11%. Is there any significant thing to that? I mean is it the first time we saw Bitcoin go up that price in a week? We've seen more Bitcoin's price increased way higher than that in the past months to years. Why does people have think of market manipulation or bear market is over or whatever it is if the market just went up 11% for a "WEEK". Remember it's a week not a day. We've seen Bitcoin going up more than 11% for a single day only, and yet there are people who are thinking negatively just because of what happened this week. Cheesy

Amazing!!!

Well, Bitcoin failed to surpass the $25,000 price again, and now sitting at the $24,000 range (nearly going below $24,000). Nothing new with regards to it's recent price movement. Just a regular price spike that's all. Don't think too much from it like it didn't happen in the past.

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Quote from: elevates on February 21, 2023, 03:54:41 AM

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

though there is a weekly High yesterday , this does not mean that we will be braking another ATH this year and besides ? the graph shows only for the couple of weeks good movement but what about the next coming weeks?
bull might be here or this will be another trap? who really knows? because for me? I don't really care for now instead I will wait for the next couple of years to predict my final decision .

Dave1

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Quote from: elevates on February 21, 2023, 03:54:41 AM

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

And yet by now the price is on the lower $24k, so still the biggest barrier for this month is $25, although we have broken it already, the price though didn't maintain and just when you think that we might a new ATH at the end of the year, it might not happen.

ATH only happens when we are in a full bull run, this ain't a bull run yet, we are still in the bear market and it just so happen that the price from the lowest low of $15,500 have bounce back to $25k. But very far from any indication that we are in a ATH run.

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Quote from: elevates on February 21, 2023, 03:54:41 AM

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

Why should this price movement mean anything? Why couldn't it simply be the fact that people just simply bought bitcoin, because it's highly likely to be the case anyway? Everything doesn't need to have some grand meaning.

Don Pedro Dinero

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Quote from: Husires on February 21, 2023, 01:58:50 PM

Does the Bitcoin weekly gain give any indication?

Not normally. Normally technical analysis brings out patterns over many more weeks. In such a short term there is so much volatility which can be due to a variety of causes that it is difficult to draw conclusions. Such a rise was moderated the next day and now we are practically the same.

What it does look like is that unless there is a catastrophe we are going to go up gradually. It seems that the worst is over. The rubbish and excessive leverage have been cleaned up, we are gradually approaching halving (there is still a year and a bit left) and we are still at a very cheap level if we look at it from a historical perspective, so I think it will be normal to go up little by little, with ups and downs, but with an upward trend in the medium term.

adaseb

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11% for a weekly gain is fairly small. There are days when Bitcoin gains 11% in a day and even that is not considered major when Bitcoin in the past had 15-20% days.

We need to see how this weekly candle closes because if we engulf then it’s not looking good. We are going down mostly due to the high inflation numbers and people are worried about a 50bps hike in March. I think most people knew that another rate hike wasn’t off the table and we all knew that rates wouldn’t be cut in 2023 anyways.

jossiel

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Quote from: elevates on February 21, 2023, 03:54:41 AM

we might see a new ATH by end of this year?

Not yet.

Wait until the next year is over and we'll for sure going to see another ATH by that year end or by 2025. It's going to take a while again until we see it.

We're just 2 years away from the last and highest price that bitcoin has reached. The factor of halving is huge and that's why I'm saying that we might not see that by eoy. But nobody knows if something interesting happens by this eoy.

Husires

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Does the Bitcoin weekly gain give any indication? In other words, if you tracked the index over the past years, you will get any pattern, or are you trying to be optimistic?
The resistance barrier at 25K has been tested several times, and I am sure that it is now weaker than ever, but is demand sufficient to overcome this resistance? The coming days will answer, but if we are not able to break this barrier during the next 10 days, then it is likely that we will return to test the support level at 21K.

elevates

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Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.

What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?

Topic: Bitcoin's second biggest weekly gain happened yesterday - page 3. (Read 311 times)