Chart of the Day | Bitcoin Touching $4400

pitham1

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Quote from: javalemcgee on October 04, 2017, 11:09:23 AM

Quote from: BrewMaster on October 04, 2017, 10:54:37 AM

Quote from: Cacingkemi on October 04, 2017, 09:52:21 AM

BTC has shown its exaggeration by following the booming trend, BTC is now at 4K price and still continues to reach 5K.tapi journey is not as good as toll road, now today down $ 4,227 because the road is being built.

the today's dip is mostly because of the increased activity of the "fork panic" topics all around the media. and we have already have it twice this year.
- once when the BU started to gain some support.
- second when BCC started being something.
- and now with 2x thing!
it seems like a never ending FUD that goes to sleep for a couple of months just to wake up again Cheesy

I don't know what is special with $4400 level. It could have been $4500 and this would be more logical as it's an important support line for bitcoin price. It needs to stay above this line and as long as we stay above this line, the price can hit $5000 easily.

The trend seems to have reversed now. We are now hovering around $4200 and threatening to break below this level. I don't think it is purely due to profit booking. We need to wait and watch to see which way the next trend is going to be.

javalemcgee

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Quote from: BrewMaster on October 04, 2017, 10:54:37 AM

Quote from: Cacingkemi on October 04, 2017, 09:52:21 AM

BTC has shown its exaggeration by following the booming trend, BTC is now at 4K price and still continues to reach 5K.tapi journey is not as good as toll road, now today down $ 4,227 because the road is being built.

the today's dip is mostly because of the increased activity of the "fork panic" topics all around the media. and we have already have it twice this year.
- once when the BU started to gain some support.
- second when BCC started being something.
- and now with 2x thing!
it seems like a never ending FUD that goes to sleep for a couple of months just to wake up again Cheesy

I don't know what is special with $4400 level. It could have been $4500 and this would be more logical as it's an important support line for bitcoin price. It needs to stay above this line and as long as we stay above this line, the price can hit $5000 easily.

ragnar0k

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Quote from: BrewMaster on October 04, 2017, 10:54:37 AM

Quote from: Cacingkemi on October 04, 2017, 09:52:21 AM

BTC has shown its exaggeration by following the booming trend, BTC is now at 4K price and still continues to reach 5K.tapi journey is not as good as toll road, now today down $ 4,227 because the road is being built.

the today's dip is mostly because of the increased activity of the "fork panic" topics all around the media. and we have already have it twice this year.
- once when the BU started to gain some support.
- second when BCC started being something.
- and now with 2x thing!
it seems like a never ending FUD that goes to sleep for a couple of months just to wake up again Cheesy

You have to admit that this one is hardly a normal fork though and the sw2X is turning into a proper hack/takeover of bitcoin by miners. FUD in this case are quite justified... The only hope we have to stop this is people and people are very unreliable

BrewMaster

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Quote from: Cacingkemi on October 04, 2017, 09:52:21 AM

BTC has shown its exaggeration by following the booming trend, BTC is now at 4K price and still continues to reach 5K.tapi journey is not as good as toll road, now today down $ 4,227 because the road is being built.

the today's dip is mostly because of the increased activity of the "fork panic" topics all around the media. and we have already have it twice this year.
- once when the BU started to gain some support.
- second when BCC started being something.
- and now with 2x thing!
it seems like a never ending FUD that goes to sleep for a couple of months just to wake up again Cheesy

Cacingkemi

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BTC has shown its exaggeration by following the booming trend, BTC is now at 4K price and still continues to reach 5K.tapi journey is not as good as toll road, now today down $ 4,227 because the road is being built.

Sir Cross

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Quote from: davis196 on October 03, 2017, 01:11:19 AM

Quote from: SummerBliss on October 03, 2017, 01:00:49 AM

All the recent negative news got absorbed and there is no uncertainty in Bitcoin market. Recently ICO ban news from one of the dominant country in crypto market, South Korea didn't show much impact on the price and the price is bullish irrespective of that. Resistance level of $4000 and $4200 has already been crossed. I believe bitcoin will touch $5000 by mid October.

I believe that bitcoin will NOT touch 5000 USD by mid October because of the incoming hard forks.
Hard fork supporters and Segwit2x enemies are preparing another hit for the bitcoin price,but this will
be a good opportunity to buy some cheap bitcoins.Anyway,i`m pretty sure that the bitcoin price will
hit 6000 USD at the end of the year.

I believe so too. Ever since its recovery from the news about ICO bans and China, the price of bitcoin has been going up for quite some time. The price increase over the past few days have been tremendous but the closer we get to the hard fork by November, it is quite possible for the price to go down again. I hope that the price won't drop too low and would maintain its $3000-$4000 mark so that by the end of the year, it would hit another break up to $6000 possibly.

HatakeKakashi

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Yesterday the pricd of bitcoij increase and thats right the price become 4400 dollars and I hope it will increase more. But, as of now the price of bitcoin decreased its already 4250 dollars. Even the price of bitcoin is decreased it is very high because if you compared the price before end today its totally big difference . More bitcoin more money to come so you can buy now with your extra money.

BitMaxz

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Quote from: tiptopgemdotcom on October 03, 2017, 03:59:14 PM

Quote from: TravelMug on October 03, 2017, 10:41:03 AM

Quote from: alyssa85 on October 03, 2017, 04:35:42 AM

You spoke too soon! The price has fallen back to $4296. It won't break the $4400 resistence line till after the whole segwit2x stuff is resolved - so range trading till November.

And it is still going down as I reply. Its really hard to predict the movement as there are many who are speculating that it can reach $5000 up until mid October before the November split. While others thinks the opposite. But basing on our experience in August, the price plummeted first to $1900 before regaining to a impressive $2900 just a couple of days before the split. I'm optimistic that it will also be case in November. We are barely a month from it so anything can happen. We may see the price going down a little today, but its possible that we can gain $700 is a short amount of time. I'm just sitting on my bitcoin now and hold and observe where the price goes. Its still a long way to go and anything can happen.

If i had good amount of bitcoin i may prefer to sell on this price levels and buy back with gain after fork. But opinions are different,maybe you dont want to risk your hard earned coins with trading.

Not good idea to sell it all because sometimes the movement changes even there is a fork coming remember that the last fork was success so this coming for people will think after fork the price of bitcoin can be burst increase and the fork will not affect the bitcoin price..
Well lie you said people are not same opinion but for me just secure some of your profit but not selling all of your bitcoin is not a good idea.. i think 30% sell your bitcoin will be good idea.. and wait for the fork done and wait if the price of bitcoin can be down or increase more so you have already safety profit..

shursight

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I see that bitcoin is slowly going down again.. it touched $4450 yesterday, and now it is below $4280 each bitcoin, anyone knows if there has been bad news today ? because i want to know if there is a good reason of that dump, or if this was caused by a big whale cashing out their bitcoin earnings.
Anyway, we are doing it good, more than 10% in less than a week, those are good results.
I think that it will touch $4500 before friday

tiptopgemdotcom

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Quote from: TravelMug on October 03, 2017, 10:41:03 AM

Quote from: alyssa85 on October 03, 2017, 04:35:42 AM

You spoke too soon! The price has fallen back to $4296. It won't break the $4400 resistence line till after the whole segwit2x stuff is resolved - so range trading till November.

And it is still going down as I reply. Its really hard to predict the movement as there are many who are speculating that it can reach $5000 up until mid October before the November split. While others thinks the opposite. But basing on our experience in August, the price plummeted first to $1900 before regaining to a impressive $2900 just a couple of days before the split. I'm optimistic that it will also be case in November. We are barely a month from it so anything can happen. We may see the price going down a little today, but its possible that we can gain $700 is a short amount of time. I'm just sitting on my bitcoin now and hold and observe where the price goes. Its still a long way to go and anything can happen.

If i had good amount of bitcoin i may prefer to sell on this price levels and buy back with gain after fork. But opinions are different,maybe you dont want to risk your hard earned coins with trading.

TravelMug

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Quote from: alyssa85 on October 03, 2017, 04:35:42 AM

You spoke too soon! The price has fallen back to $4296. It won't break the $4400 resistence line till after the whole segwit2x stuff is resolved - so range trading till November.

And it is still going down as I reply. Its really hard to predict the movement as there are many who are speculating that it can reach $5000 up until mid October before the November split. While others thinks the opposite. But basing on our experience in August, the price plummeted first to $1900 before regaining to a impressive $2900 just a couple of days before the split. I'm optimistic that it will also be case in November. We are barely a month from it so anything can happen. We may see the price going down a little today, but its possible that we can gain $700 is a short amount of time. I'm just sitting on my bitcoin now and hold and observe where the price goes. Its still a long way to go and anything can happen.

X-ray

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Quote from: alyssa85 on October 03, 2017, 04:35:42 AM

You spoke too soon! The price has fallen back to $4296. It won't break the $4400 resistence line till after the whole segwit2x stuff is resolved - so range trading till November.

But, who knows? still a ton of opportunities for bitcoin to increase its price overtime even without the segwit2x. Just my logic, if so many people are expecting the segwit2x to increase the price significantly, then they will be buying so many bitcoin right away, and then, the hype of segwit2x started earlier than expected, at the end when the segwit2x implemented, no hype occur and the price just got stable.

Unplugged

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Quote from: davis196 on October 03, 2017, 01:11:19 AM

Quote from: SummerBliss on October 03, 2017, 01:00:49 AM

All the recent negative news got absorbed and there is no uncertainty in Bitcoin market. Recently ICO ban news from one of the dominant country in crypto market, South Korea didn't show much impact on the price and the price is bullish irrespective of that. Resistance level of $4000 and $4200 has already been crossed. I believe bitcoin will touch $5000 by mid October.

I believe that bitcoin will NOT touch 5000 USD by mid October because of the incoming hard forks.
Hard fork supporters and Segwit2x enemies are preparing another hit for the bitcoin price,but this will
be a good opportunity to buy some cheap bitcoins.Anyway,i`m pretty sure that the bitcoin price will
hit 6000 USD at the end of the year.

I do also believe that there will be no all time high this October. I'm expecting the upcoming fork of November to impact the price especially Segwit2x. It might cause some panic from all the FUD it will get but it would an awesome opportunity to buy some bitcoins and hodl.

SummerBliss

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Quote from: davis196 on October 03, 2017, 01:11:19 AM

Quote from: SummerBliss on October 03, 2017, 01:00:49 AM

All the recent negative news got absorbed and there is no uncertainty in Bitcoin market. Recently ICO ban news from one of the dominant country in crypto market, South Korea didn't show much impact on the price and the price is bullish irrespective of that. Resistance level of $4000 and $4200 has already been crossed. I believe bitcoin will touch $5000 by mid October.

I believe that bitcoin will NOT touch 5000 USD by mid October because of the incoming hard forks.
Hard fork supporters and Segwit2x enemies are preparing another hit for the bitcoin price,but this will
be a good opportunity to buy some cheap bitcoins.Anyway,i`m pretty sure that the bitcoin price will
hit 6000 USD at the end of the year.

But I think this time the price won't be affected much like earlier fork where price dropped by 40%. This time the community is aware and might not panic sell. Regarding the fork. It is still not very clear whether it is happening or not. But I hope if happens it won't be drastic as until now the consensus are not clear which might lead to chain splitting.

Altas

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The volatility is not a big issue with bitcoin and other digital assets. Yesterday the price increased and crossed the $4400 barrier and all of a sudden today the price decline is observed over the price chart. Soon after this the price might reach high and reach $5000 by the middle of the month.

alyssa85

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You spoke too soon! The price has fallen back to $4296. It won't break the $4400 resistence line till after the whole segwit2x stuff is resolved - so range trading till November.

azguard

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Dont see how will be 5000 for rnd of this month or at the begging of next one. Many talk about this "bitcoin gold". Do we need another coin in this, i would say no.
There were ups and down in last several weeks do to some rumors and bad news but this is now settled and maybe its time for price to continue slow and steady growth not so fast if fast comes then fall will be there to.

joseafonso123az

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The volatile behaviour of BTC makes everything risky, and at the same time, a risk that we want to hold. BTC holders now can say that they have passed the Chinese exchange bans, and with that, we can see that BTC can overcome the obstacles that come on it's way! Hopefully we will see the price establishing near $4500 before the hard fork, and hopefully the hard fork works out well, and pumps the value of BTC to whole new levels!

DaMut

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many people skeptical about will it hit $5000 or not this month,
for me i believe we will see it in this month,a few days before hardfork we should see the price surging.
and after hardfork the price will slowly declining and then consolidated.
many people think the price will surge after hardfork,
you should know the price will move to the opposite,which mean when people keep saying it will be pumped after hardfork,in reality we should see the price declining.
for longterm,it's a good sign but for now it's not.
never ever believe what people says,and always do your own research.

omonuyak

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Quote from: valerie_zurich on October 02, 2017, 08:12:27 AM

Bitcoin prices are undergoing another bullish overturn as resistance levels keep breaking, this time pushing prices above $4400. BTC/USD markets are keeping up the bullish trend after the resistance at $4000 was broken within the past week with increased volumes.

Chart Source:
https://cryptocoincharts.info/pair/btc/usd/bitfinex/5-days

This is another blessing that bitcoin was rewarded those that buy it at when price fell bellow $3000 at the middle of last month. Currently bitcoin is around $4,417 and I think we are about to resume another upward movement after a little correction. During this push we may get to $5000 so my advise to everyone is to keep holding in other not to regret of selling too early. May the god of cryptocoin be with us.

Topic: Chart of the Day | Bitcoin Touching $4400 (Read 563 times)