Topic: Does any body know what happened to today's price? (Read 572 times)

It is unable to indicate the perfect reason for the ongoing price fluctuations. From my view crypto market is volatile throughout, and as a part now there is large scale volatility marking steep rise and fall in value. Every time after such level of variation at least some percentage of growth takes place. This time too we can expect such a form of growth.

We can't guarantee that it's the right time, but we have to believe this is the right time already.
Who would expect that BTC will have it's longest bearish period, and that resulted to dump after dump, making altcoins very cheap
and some almost worthless. This time, we should embrace that this market shift is a reality, and we will be in the bull period.

The change is coming at any random state, cast out all expectations for further updates coming in hopefully. Recently we've been experiencing price surges with small fluctuations, but isn't a good signs to hit a bull run. Don't expect much better than that, and yet possible surprise can't justify the means. However more unpredictable times will ponder as we look forward for another successful price rally.

As price is nit stable for crypto currency, it can be change with time. Up or down the rules of it. But in this moment, it is a big change for us to buy more and more if we want to make more profit.

The right time is really come to the bitcoin, the last year makes to the investors to tired of investing and keep their coisn. But now investors are going back and become better more.

The time has come for the trend to change, this is what it means. The whole of 2018 was a long bearish trend, everyone was already very tired of what it was in 2018 and now Bitcoin showed its readiness for the beginning of a no less long bullish trend. That's what it was.

Maybe there is a lot of factors why the price of the bitcoin is increasing. The other is many people buy again bitcoin or other stop panic sell their bitcoin , partnership also and have many projects who accepting bitcoin and other country who legalized bitcoin that can cause of it's citizens to invest.

I don't really know what exactly happened but whatever the reason was the market decided it was the right decision, I mean if the price was going high after a while if the market decides that its a fake increase they would have sold their bitcoin right away and get out which would decrease the price but since we have seen the price stay above 5k for a while now (or around that number) we can safely assume that even though the price increase reason is unknown to us the market is fine with it and not against it and believes this is a right increase that we can be defending the mentality. That is why we haven't seen a fall back down to 4200 levels and probably will never see anything under 4k ever again in history because from here on out it should go higher and higher and even if it falls it won't fall that much.

Can't be too certain about that bro.  And the price currently has stradied itself just around the  5k to 5.1k level. Not very bullish to me. But way better than our status the same time last month. We're still at almost midpoint this point and it's looking pretty good and hopefully thus positive price move brings in some more investors and new money.

Nothing is doubtful, feared or anything like that, we will only know that bitcoin has entered a time where it will go further than before which often decreases after pumping. It will be more visible after approaching $6k, not just the price issue, here we will know that bitcoin users will increase/has increased from before over time.

The price has grown $5000+ and this time it is completely change from the bear trend to bull market. Though it isn't a perfect bull market it provides similar form of growth that can be seen while the market trend is bullish. After crossing the $5000, there isn't much growth. A stabilized form of growth is happening and expect this to take the price reach $6000 before the ongoing month end.

Yet another reason can be that 28 March Mario Draghi confirmed next QE coming in automn time.Now Donald Trump is calling for rates cut and new QE
Emerging  assets are pumping with flood of printed money
Bitcoin is that kind of emerging asset most profitable asset
I take that simple buy now because you will have to pay more later

It might have a big correction that makes price dragging down or possible continue growing up and boost the price up^. Nobody knows if someone knows then it might be able to predict the right possible happen in the market.
Anyway, why we think too much ahead of time regarding the price happened, don't ask a stupid question, we know that the price is unpredictable and of course nobody knows. Majority of some holders now hoping again that it will not back to the bottomed price that we experienced last year and this small spike will lead to resistance market price and bull run will happen.

You are so optimistic that it will fall back to $4000 in the coming days and if I may ask, what will be responsible if it eventually fall back to $4000 as you speculated.

I believe that many users of cryptocurrency have lost confidence in Bitcoin after the fall in prices in 2018. Especially it is necessary to take into account the fact that many users of cryptocurrency invested their funds in 2017 and now have very large losses. There is an opinion that it is much more profitable to invest in other projects than in Bitcoin and wait for a possible price increase.

Well the thing is, people are always making a big deal out of a simple pump or dump. It sometimes make for anxiety when or too much unnecessary excitement. I think the price would stabilize around it's current value now and let's just see where it goes from there.

Yes that is right, there is nothing special even for today about the market. But one thing is clear from the stable market that now the bull run is waiting and hopefully very soon price will boost to a very good level. We need to remain calm and wait for good time to come back.

The market has lots of unpredicted factors that could have contributed to its speedy rise in price, and so we may not easily conclude that it was has a result of whales, there might be fundamentals that contributed to this which we may not find easily on the news to really conclude it was the cause.

Just like this morning now, I found out that PayPal has already adopted the blockchain technology too which I was never aware of until this more, and nobody knows the exact move they might have made too that could also had to this price surge, so let us not conclude its whale action, it will make lots of investors panic sell, which will not be in favor of the whales that are already existing in the market.

It has crossed more than $5250 now and not able to make decision if either to buy now or wait for a day to see the price go down. A good pump is seen in last two days though and expect this to continue for at least few more days. But really no idea the reason behind it. But this is not a bull run.

Nothing special is happening
It was so long waiting on around 200$ level now we were waiting long time on just above 3k level
It looks like people have forgot  it is btc and how it can goes

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.

Nothing is obvious.

Yesterday I was thinking. We had 6 weeks in a roll with a positive price increase, so we are ready for correction. And then happened this. Nothing is obvious and sure when it comes to Bitcoin!!!!



What is obvious is that bear market was over in December. So now price will go up and down and not mainly down anymore.

https://www.tradingview.com/chart/?symbol=BITFINEX%3ABTCUSD

you can scroll back to 2015

Its been in that range for 4.5 months, with the actual literal bottom (lowest price) coming 3.5 months ago. The bottom in 2015 ended with a large spike after breaking through resistance. That's literally what happened tonight.

I didn't expect this bottom to end so much faster than the 2015 bottom. The bear market lasted only about two months less this time (took 14 months in 2014, took 12 months in 2018), but i fully expected the bottom to last around as long as the 2015 bottom and for us not to see the kind of price movement we just saw tonight until late summer or early fall. But now we saw it, can't unsee it. As long as it doesn't fall back below $4200 we are out of the bottom.


But if you think about it a quicker bottom makes sense. Last bear market there was MtGox which not only robbed a lot of the bitcoin community of their money, but made people afraid to get in and took down the largest exchange in a time when large exchanges weren't prevalent they way they are today. Also it was the first time there was a full 4 year cycle (assuming the 4 year cycle holds into the future) and therefore a ~2 year bear+bottoming market. Now bitcoiners have seen this all before. We all knew to expect a long bear market, and a bottoming out phase lasting a significant amount of time too. We also all knew it will turn around. Whereas the 2014-2015 market was down soooo much longer than at any previous point for bitcoin. Basically this was a lot less scary for bitcoiners so we were just waiting knowing the next bull run is coming, I think 4 years ago a lot of people lost hope cuz it was soooo much longer than any previous bitcoin market.

Also when comparing the two periods, 2018/2019 and 2014/2015, bitcoin is constantly in the news now, its talked about on financial programs quite often, tech CEOs talk about it, governments talk about it, you have major tech companies and banks working on their own cryptocurrencies, you have lots of companies researching blockchain, you have institutions on Wall St gearing up to offer Bitcoin services this year.

Basically if you pay attention to the financial industry or the tech industry at all you hear a lot about bitcoin. It is much more relevant today than 4 years ago simply in terms of being paid attention to. Bitcoin basically dropped off the face of the earth (the little bit of the global consciousness that it had entered in late 2013 and early 2014) during the last bear market. This time thats not remotely true.

So yeah it makes sense if this bottom is over and the bull market just started and was only half as long as the last bottoming out phase, because there's 100x more things happening in bitcoin in terms of interest and attention than there was at this point in the last cycle.

Maybe you define bottom differently. But I would define it as the bottom of the market, in which bitcoin was stuck range bound near the absolute bottom and under high resistance at a specific level, and once that resistance broke it is able to spike up unlike anything seen during the bottom. Defines what we saw with the bottom in 2015 and now.

Do you have the price chart for 2015?

The resistance level a little above $4000 has been broken and that enables those orders that were placed above the resistance level to be triggered and the pump that we have seeing today.  I hope this bullish trend continue and the next resistance level is now around $5850 . We are going to witnessing alot of drag there before pushing up.

what are you talking about? it hasn't even been 4 months since the bottom.

how are you gauging what the "bottom range" is? how do you know you're not just focusing on a few months within a larger range over a longer time period? why do you expect this bear cycle to end so much faster than the 2014-15 cycle?

Basically there was way too many bears out there that shorted between $3100-$4100 and made the open interest on the largest exchange rise to over $620,000,000. Most of these shorts were open probably at $3500 and they were paying very high funding rates at 0.10% and eventually the domino effect hit.

$4200 and $4400 were very important resistance areas and there were many stop losses above these levels. Problem was there wasn't too many sellers at these levels and that is why price was spiking up $20 every few seconds, basically loss of liquidity.

You should of seen the $10,000,000 liquidation prices which were failing to find people to sell into it, hence the massive rise to $5144.

Hopefully this doesn't fade and we get a weekly close below $4200

The bottom range pretty clearly was 3100 - 4200, which lasted some 4.5 months. I would be pretty confident that time is over now. I could be wrong but this looks just like the start of the last bull run: a strong break and spike up out of the bottom after a gradual buildup to the top of the bottom range. Thats exactly what happened last time and exactly what happened over the past month and a half finally culminating in that spike tonight. As long as the price stays in the mid-4000s bitcoin is technically out of the bottom which means we're in a bull market.

a key resistance ($4200) was broken. lots of stop losses were sitting right above that breakout area. looks like some big liquidations too. margin calls + stop run = fast price movement. it doesn't necessarily indicate a new bull market or anything, just that temporarily shorts were heavy, supply was low and demand was strong.

i'm really glad to see this breakout though. it's the first weekly higher high since december 2017. i think we're really carving out a bottom range now. give it 6 more months and we might just have ourselves a bull market.


way less time has passed this time, with a much less significant breakout. we're gonna form the upper end of a range with this rally IMO. i think people are getting a bit too overexcited right now.

Yes we all know. It broke through the resistance that was holding bitcoin at the bottom of the market. The resistance was around $4200, which served as the top of the bottom of the market since November. The price has been edging up towards that for a while now, and was rubbing right up against it today, and it finally broke. Bottoming is over, likely the next multi-year bull run just started tonight. For reference, look at October 2015, same thing happened to start the last bull run.

The price hit 5,000 today. Obviously, it will fall back to 4,000 these days. But does anybody know what the hale it is?