Topic: Does any body know what happened to today's price? - page 2. (Read 582 times)

I'm correct that it didn't crash quickly, price seems to be stable and those support levels that speculators are mentioning hasn't been met. Instead of going down to that point and speculation, bitcoin keeps on surprising us and reached $5,200. Many alts are following now the king and these speculations keeps on going. Now, expect that there will be people who have been expecting this to go down again. FUDs, as usual will come out and will tell people don't buy bitcoin.

No one really knows, all just speculation, except if the big buyers will call themselves out including their reason. Not expecting that to happen eh?

Are you kidding me, do you know how many people have waited for this moment and you want to create unnecessary FUD in the heart of investors, if you are really a lover and believer of BTC, it is better we don’t carry such negative news and you and I know that news plays a very great role in the development and growth of its price.

What we need right now is to keep the trend lively and on by speaking and predicting positive things about the market against anything technical or fundamental analysis must have shown us. For me, I believe bitcoin will grow from this price it is presently to almost $6500 by the end of April.

I think only a group start buy bitcoin and this cause the grow but, i wish more people join crypto and start  buy some bitcoin and maybe this will cause the price to go over 10000.

I believe only a moron would be fooled by the fake news about the ETF's approval. A whale-cumulator bought a lot of Bitcoins, which closed plebs' short-sells on margin, causing a big green candle, and the rest of the exchanges followed. Simple!

i don't think the market has learned anything. it just panics in both directions---that's what markets do, especially speculative and thin ones like bitcoin. bulls get squeezed, then bears get squeezed, rinse/repeat.

i've been calling a relief rally to $5k+ for months now so IMO nothing has changed. when this rally runs out of steam, the pendulum will swing back like it always does and sentiment will turn uber bearish with everyone expecting new lows.

whether we actually get those new lows (and a classic capitulation) is another matter. it's certainly possible (just look at past bitcoin bottoms), especially if everyone agrees it won't happen. but no matter what, i'm confident we won't be springing into a new bull market from here. bulls have been on easy street for the past couple months and they're gonna have their meddle tested, starting with the late buyers who are buying now and higher.

in 2015 we broke through a much more established and long term resistance. by your parameters, the bottom range in 2015 was 11 months long and the top of the range was tested 3 discrete times (january, march, july) before finally breaking in november.

there's just no comparison to the current chart in terms of time or magnitude. it's like comparing an hourly candle chart to a daily chart; they are worlds apart. the only long term resistance in question is the $6000 zone and we're still quite far from breaking and holding above there.


it took 23 months in 2014-15 to confirm a reversal---november 2013-october 2015.

this time around it's TBD since we haven't come close to confirming a reversal. but we're at the 15-month mark now.


that's a really vague definition that gives no sense of time or magnitude. the october 2015 breakout was much, much more impressive and technically significant. in 2015, it was a 230% rise through a thrice-tested resistance formed over 9 months. this time, it's a 60% rise through a twice-tested resistance formed over 3 months. it's a medium term breakout, not a long term one.

i've been trading for a nearly a decade, long enough to know that it takes lots of time to reverse from bear markets. you don't crash for a year straight and shoot into a bull market 3 months later. it doesn't happen in any markets, and it certainly never happened in bitcoin. the fact that so many bottom callers are coming out the woodwork now is a classic sign that we'll continue the bottoming process over the next several months.

This is just a good increase, and perhaps the beginning of the return of the bull market. There was a good increase as much as expectation of experts' decrease. This pleasing situation will lead us to good prices.

Disagree with the theory. Although maybe there's a chance.

Traders are matured enough not to be driven by the hype of anything after all that we are struck in bearish market for over a year. They are doing research before placing trades. 2018 is the year of hard testing strategies on how to deal with the bear market so FOMO shouldn't be the case in today price movement.

And even there are fooled by fake news, I doubt they can move the price for where it is currently.

The ones that needed to learn that lesson were the weak hands and they were precisely the ones that sold their coins for a bad price so they learned nothing and the ones that remain in the market learned nothing as well since they are holding their coins knowing that the recovery is inevitable, so it is likely that if the same people that invested in bitcoin and lost money during the last crash invest in the market again they will lose their money.

Since it happened overnight for the West which is kind of unusual, my theory is that enough traders in the East were fooled by the April 1 fake news of ETF approvals that it triggered a FOMO up to 5k.

5100 on some exchanges, no need to hang off every digit when its a price quoted globally in many nations currencies.    Really its time that matters, half the world is asleep and hasnt agreed with the rise yet


nah not obviously, that to me would be surprising.   Sure if its bearish over time then maybe but to run through walls and then casually go back is not normal.     Its gone through the 200 day moving average and theres good argument for late buyers to enter the price if anything. 

Really this is part of the story to go back to 6500 and check thats accurate or not.    Theres a bit of a vacuum until then generally, I did think it would go a bit slower but shorts forced closed would make sense

I think so, watch how it deals with 200 DMA if anything.  First range is 4730 to 5200

 

Where did you see hit $5000?



https://www.binance.com/en/trade/BTC_USDT


maybe fall to $4400 to $4600 and stay in that zone for some time, but I find it very difficult to fall below $4000


I hope that's not the reason because it would be a big joke for the crypto world.

Nobody really knows the exact reason, some people say it was due to some April fools joke and some people say it was due to some ETF news but really the only ones that know the true reason is the people who bought bitcoin during this time that caused the price to go up.

If we could reach to people who bought bitcoin from 4100 all the way to $5k than we could know the exact reason why bitcoin went up totally, without them whatever we say will literally be just speculation. I think it was just seeing how close the bitcoin is to the resistance for too many days in a row and seeing how if a whale could eat up a big chunk of it than people will follow and that whale could sell later during the next resistance at peak prices, that would help the whale and increase the price at the same time.

I only know the price can get pumps too higher although now, the price is back to $4882. It's not a problem for me as I know that in the future, the price will increase higher. I think this is only a small test for the price and it seems, in this month, we will see another bull market for bitcoin although I am not sure.

And if the bull market finally arrives, then we will see the market will recover and will reach the higher price ever. Every coin will raise the higher price, and all coins will compete to search for a better position at the CMC. But we need to wait for a while and make sure that this is the time for the bull market to come.

if you look at the history of bitcoin whenever price is being suppressed like it was so far it remains stable at a fixed range. in this case it was mainly between $3500 and $4200.
but all those times without any exception, this suppression can not last forever. it is bound to end at some point. and when it does the price acts like a spring that is let lose and flies off to the air.
as others said there was this resistance at $4200 which everyone was waiting to be broken, as it was then they got it as a signal and FOMO bought so price went fast up to $5000. right now it has also done correcting and is starting to rise back up again and currently is at $4800 and rising more.

Let the rise happen accordingly and naturally, I do also puzzled with this current pumped, its more than 10% that we are enjoying compared to those previous where it can't passed 10% increase but I'm with you as well, seeing the rise to continue and gained even more stronger barrier, more investors
will be attracted back if this bull keeps pushing harder.

Technical analyse
I know people who predicted that run however 25% in 40 min it was surprise
Even some wall street traders have seen that
You can read in article below
https://ethereumworldnews.com/bitcoin-six-weeks-gains-bloomberg-btc-rally-continue/

According to Bloomberg’s Todd White, the GTI VERA Convergence Divergence Indicator, a signal that allows traders to gauge the potential of future rallies and pullbacks, is currently leaning bullish. This is purportedly the first time that this indicator has registered such a measure in months. As the outlet explains, the last time the GTI VERA issued a “buy,” Bitcoin rallied by 17% within a two month time frame, a move that would line up with BTC’s recent movements if repeated.

Then is the capitulation currently out of the picture?

Because I believe it's already out. The market has adjusted, and learned from the past that selling on panic is a "no no".

I don't think it will crash quickly, I've sold earlier too this day and that's what I'm regretting a bit but that's how life goes. Whenever I sell, there's a very fast pump that happens and I thought that was just me. I don't wish that the price will crash tonight, let the market work on it's own.