Is Bitcoin Preparing for a Huge Breakout?

yanesna3

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Quote from: prehisto on April 21, 2018, 09:27:46 AM

It seems that we had a breakout indeed, we went to touch the 9000$ mark. Although I am still bearish on my view , it was nice to see this rally up.
Lets see what the near future holds. another local ATH would be nice

I just feel that it must make another high jump very soon. We all need it so very much! I am not sure it will happen in June but Winter 2018 can show it.

magneto

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Quote from: gabmen on April 29, 2018, 10:35:23 AM

Right. Things seem to be quite on the positive side right now compared to the last three months but i it's too early to say that we're preparing for a breakout or a pump. Let things stay as they are right now. I kinda like this movement better than a straight pump..

Unfortunately we're not looking for a breakout right now, nor do I feel like this kind of slow bull market is going to continue.

Call me bearish, but I feel like that a correction is due any time now. I just don't think that the momentum right now is strong enough to push bitcoin over that psychological $10k barrier right now.

We've seen a pretty nice rally, you could label that as a breakout in itself. However, it has to come to an end somehow some way. Bitcoin can't continue to rally, or stay at a high level after its value goes up drastically in a short amount of time. That's why I think a correction is incoming soon.

gabmen

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Quote from: kateryana81 on April 27, 2018, 08:07:55 AM

Quote from: rehydrogenated on April 21, 2018, 09:29:18 AM

After bitcoin feel from around $8k to $6k and bank of america announced that bitcoin was the biggest bubble in history I knew we were ready for a rebound. Of course I don't think this rebound will be the one to send us over $20k. We will probably top out around $10k again, but this is the start of a new build market. I think things will progress up from here in a volatile fashion. Most of the, especially Asian, speculators are being smarter about when they buy and how long they hold. However, bitcoin is being used more in real-world applications and that is what it really needs to breakout.

Bitcoin is trusted through out the world and has witnessed a lot of times in other words it has proven its power of value and that is why it has broken out and the trend is continuous which will record its percentage increase in the next few days. Looking at the stability the market is seems more stable than that of the few days ago situations and same is happening regularly and daily.

Right. Things seem to be quite on the positive side right now compared to the last three months but i it's too early to say that we're preparing for a breakout or a pump. Let things stay as they are right now. I kinda like this movement better than a straight pump..

kateryana81

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Quote from: rehydrogenated on April 21, 2018, 09:29:18 AM

After bitcoin feel from around $8k to $6k and bank of america announced that bitcoin was the biggest bubble in history I knew we were ready for a rebound. Of course I don't think this rebound will be the one to send us over $20k. We will probably top out around $10k again, but this is the start of a new build market. I think things will progress up from here in a volatile fashion. Most of the, especially Asian, speculators are being smarter about when they buy and how long they hold. However, bitcoin is being used more in real-world applications and that is what it really needs to breakout.

Bitcoin is trusted through out the world and has witnessed a lot of times in other words it has proven its power of value and that is why it has broken out and the trend is continuous which will record its percentage increase in the next few days. Looking at the stability the market is seems more stable than that of the few days ago situations and same is happening regularly and daily.

Jombrangs

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It is a great thing that tge company of bitcoins are prepared in all scenarios since through this they can obtained a hugr income.
Be ready in all things raise a alertness which is ready to cure or solve the problems in the business , it is a great thing to be a stronger company

ashaksagnis

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Compared to the beginning of the year, this is a big step up, the next goal would be to stay above 10k, but the time will show how it will be.

ballerin and giroud

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Quote from: wireless1889 on April 21, 2018, 09:40:08 AM

We can never know when will bitcoin take back its price from last year. All of these we make are just speculations and risks that we take for we can get a higher value. Since bitcoin went through all of these price drops already and make it pass and even reached $15k last year. In my opinion just risk it because I believe that bitcoin can still pull this off, my opinion though is that it's not this year, this one is going to take even longer than 1 year.

It's all just personal speculation and that person is ready with all the risks that come with the decisions they make. No one knows the bitcoin price will move in the future. However, to regain last year's peak prices will be long time-consuming and it will not be enough in just one year.

wireless1889

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We can never know when will bitcoin take back its price from last year. All of these we make are just speculations and risks that we take for we can get a higher value. Since bitcoin went through all of these price drops already and make it pass and even reached $15k last year. In my opinion just risk it because I believe that bitcoin can still pull this off, my opinion though is that it's not this year, this one is going to take even longer than 1 year.

pawanjain

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Nothing lasts forever

Quote from: stein888 on April 11, 2018, 02:36:35 PM

I don't know if someone has posted this already but I will start this topic to seek opinions from the experts and give ideas to the new traders. Bitcoin's price is ranging at $6800 very tightly since yesterday, the movement of the price keeps narrowing as the day pass by, is it a sign that bitcoin is going to break either its resistance or support?

If my prediction is right, I think bitcoin's price will moon at the end of the month. and I think it will range up to $12000-15000. So it is better to hold onto your coins and wait for the right moment to sell it.

Yes, I agree with your analysis and point of view as your analysis has been proven and the market has broken the resistance and start moving upside. Right now i can see that today the bitcoin chart has made a topping out pattern which is mostly created when the short term top is made on the price chart. I think your expected price level of $12000 will be reached soon if there is a breakout in the uptrend direction of the currently made topping pattern and i think there are high chances and possibility of doing that. I am personally expecting to reach $15,000 by the end of this May month because people have started buying heavily.

hoanghoatham04

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Quote from: stein888 on April 11, 2018, 02:36:35 PM

I don't know if someone has posted this already but I will start this topic to seek opinions from the experts and give ideas to the new traders. Bitcoin's price is ranging at $6800 very tightly since yesterday, the movement of the price keeps narrowing as the day pass by, is it a sign that bitcoin is going to break either its resistance or support?

I got this chart from binance, this was a chart from the last few months of bitcoin, (sorry for analysis of the chart as I was not an expert) this shows a descending triangle which as they say a sign that the price will moon in a few days. (which is I really hope). But there is still a chance that it will fall as we know btc defies the chart annalysis and very volatile, this is not 100% accurate but has a possibility.

If my prediction is right, I think bitcoin's price will moon at the end of the month. and I think it will range up to $12000-15000. So it is better to hold onto your coins and wait for the right moment to sell it.

It seems that the Crypto and Bitcoin markets are slowly recovering, which is a good sign for all investors. I advise during this time continue to hold until the end of this year. I think prices will rise a lot

Elkafi

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Quote from: Washball on April 11, 2018, 02:59:41 PM

For now the best advice is to hodl, with these lower prices it's not a good idea to sell. Chart analysis would suggest a huge breakout, but you cannot be too sure about that. As of now, the price can either rise or drop. There's no other reason to assume the price will skyrocket but the chart. Let's hope the price will pass $7200 first, then maybe it could increase to 11K.

I agree mate, today the best advice to hold. the bitcoin is going down, maybe for the next 4 monts bitcoin will rise. we can sell our btc.

rehydrogenated

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After bitcoin feel from around $8k to $6k and bank of america announced that bitcoin was the biggest bubble in history I knew we were ready for a rebound. Of course I don't think this rebound will be the one to send us over $20k. We will probably top out around $10k again, but this is the start of a new build market. I think things will progress up from here in a volatile fashion. Most of the, especially Asian, speculators are being smarter about when they buy and how long they hold. However, bitcoin is being used more in real-world applications and that is what it really needs to breakout.

bitfocus

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no one can predict the market but whales can manipulate - the better strategy is to keep holding (for now).

prehisto

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Your Data Belongs To You

It seems that we had a breakout indeed, we went to touch the 9000$ mark. Although I am still bearish on my view , it was nice to see this rally up.
Lets see what the near future holds. another local ATH would be nice

Morkhart

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Investment companies and owners of large farming mines are optimistic and plan to invest their money in the crypto currency and in its production next year. And in many states, there is an increasing number of discussions about the legalization of digital money and their introduction into the legal framework. And if in 2018 at least in several developed countries bitcoin is recognized, this will further strengthen its course. I believe in the growth bitcoin.

RockHenki

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well, I think that with the development of the market of the current code is gradually restored and the value of bitcoin also is growing, this gives us clearly see this is pedal to the strong increase in bitcoin value for the future , and the current needs of people is very high, bitcoin so bitcoin will thrive and popularity in the near future.

icecube45

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I agree with you about the bitcoin that will soar, based on the number of bitcoin users recently. We must believe that technology will grow rapidly with effect and concerning bitcoin and we also have to analyze and observe about the development itself.
and I hope as the previous year bitcoin decreased in the middle of the year and soared at the end of the year

senne

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Quote from: levvv on April 14, 2018, 03:56:30 AM

huge breakout or not, it doesn't matter. The fact is, bitcoin price every year has increased after Q1.
I think bitcoin value will increased more than the current price on the market.

I think this is one of the suitable explanation to the present scenario. It was highly expected that market will regain its position after Q1 and so are the results. But now Bitcoin has been increasing tremendously which always make us worry that is the next breakout near and the answer is quite simple, Yes. This is the volatile nature of Bitcoin and one should embrace it rather than cursing the technology.

BitcoinGuruOne

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We had a bubble, one hell of a bubble. Noone can deny it.
And i see it as a bubble, i look at the btc movement as any other bubble in fintech world thus I think it would be extremely intresting if we saw a breakout of such magnitude as OP thinks. i belive we will have much longer period of price stabilty.

signup01

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Quote from: stein888 on April 11, 2018, 02:36:35 PM

I don't know if someone has posted this already but I will start this topic to seek opinions from the experts and give ideas to the new traders. Bitcoin's price is ranging at $6800 very tightly since yesterday, the movement of the price keeps narrowing as the day pass by, is it a sign that bitcoin is going to break either its resistance or support?

I got this chart from binance, this was a chart from the last few months of bitcoin, (sorry for analysis of the chart as I was not an expert) this shows a descending triangle which as they say a sign that the price will moon in a few days. (which is I really hope). But there is still a chance that it will fall as we know btc defies the chart annalysis and very volatile, this is not 100% accurate but has a possibility.

If my prediction is right, I think bitcoin's price will moon at the end of the month. and I think it will range up to $12000-15000. So it is better to hold onto your coins and wait for the right moment to sell it.

indeed your analysis is very appropriate we just need to hold our coins until a favorable price to sell our coins patience profit

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