So what do we think of thing continuous gradual rise of Bitcoin recently? - page 2.

hugeblack

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Quote from: thecodebear on April 01, 2019, 10:03:31 PM

Will it dump back to $3000s or are we gonna see it just keep gradually building steam or a big squeeze and watch it shoot way up, and if it does shoot up will that signal the start of the bull market like Oct 2015 or is it a trap and we've still got months of bottom to watch?

I expect this bump to continue up to reach $ 5000 in a few days but with a rapid collapse to below $ 4000 in case of bad news or negative factors.
This may be the first time in a long period that we have seen gains of 11% so we should not be too optimistic. Not much has changed to support this optimism.
Many platforms sell at $ 4500 so we are not expected to see a collapse for the day at least.

maydna

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The pumps are coming, and now, the price already reaches $5100 Grin

But unfortunately, the price was now getting down a bit at $4831 according to on Bitfinex, but I think the price could increase higher again. Yes, that happened during the night, and I sell some of my bits to take my profit hehe Grin

The green candle still appears right now and continues and I, think there is an intense battle on the market as the price moving so fast now. Let see what will happen later, and I hope that it could increase more than $5000 again.

thecodebear

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Quote from: LeGaulois on April 02, 2019, 12:32:49 AM

What's going with Bitcoin this morning? Yesterday it was $4150 and this morning when I woke up with my coffee I see that the price is at $4,700. A few minutes later I refresh the page and it is almost $4,900. You want me to die or what?
Seriously speaking, what happened during the night?

What happened? Bull run just started. Thats what happened.

It just broke through resistance. Could be like what happened in October 2015 - broke through the resistance at top of the bottoming range and had a huge spike up signaling the start of the next long bull run.

It would going right up against the top of the bottom range its been in for 4.5 months the past few days and especially today. It finally broke through and went crazy.

LeGaulois

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What's going on with Bitcoin this morning? Yesterday it was $4150 and this morning when I woke up with my coffee I see that the price is at $4,700. A few minutes later I refresh the page and it is almost $4,900. You want me to die or what?
Seriously speaking, what happened during the night?

thecodebear

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this is either an epic bull trap or its the start of the next bull run! My guess is its the start of the bull run, even though I figured it wouldn't start for several more months. But we'll see! Even if it is the start of the bull run I'm sure it'll settle back down and yeah maybe come back to mid-4000s and slowly build up. But hey its crypto, anything could happen! Tongue

N0sferatu

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Quote from: thecodebear on April 02, 2019, 12:12:12 AM

Ha and just shortly after I ask this question Bitcoin finally breaks through and is at $4700 right now on Coinbase, ~$4600 on CMC!

Even > 4600$ on Bitmex!

Really a nice spike today. Let's hope this will last and form a new support zone around 4500$. Since volume isn't that high, i am pretty confident BTC can achieve this.

thecodebear

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Ha and just shortly after I ask this question Bitcoin finally breaks through and is at $4700 right now on Coinbase, ~$4600 on CMC!

buwaytress

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Same here. I did think that this week was going to be the first in the past few that we wouldn't release $4k so easily, but then we've just gone ahead and chugged past 4.4k so the new lows I'd been expecting for a while does seem quite difficult to attain for the bears.

The volumes are still unimpressive though. Add to that the all-time highs for utxos to provide a case for growing accumulation and we're seeing a reluctance to sell and patient buying rather than all-out exuberance. It's almost at the point where those who bought at bottom will be tempted to cashout an easy 50%, though.

jossiel

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Quote from: thecodebear on April 01, 2019, 10:03:31 PM

Will it dump back to $3000s or are we gonna see it just keep gradually building steam or a big squeeze and watch it shoot way up, and if it does shoot up will that signal the start of the bull market like Oct 2015 or is it a trap and we've still got months of bottom to watch?

No one has crystal balls to tell you on what's exactly going to happen. No one knows if this is a trap and we're still bound to go back to the bottom and the price as per CMC, it's near to $4.2k.

If you are too worried about the conditions now, set yourself for some profits if you are not too confident with what you see right now. What happens today is in favor of most of the long term holders and those who bought at the bottom of around $3,100 - $3,200.

thecodebear

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I have been fully expecting the bottom to last until at least late Summer, if not into the Fall.

But here we find ourselves with BTC holding $3700 and up for like 6+ weeks now I think and gradually increasing week after week with it now right at the top to the bottom range at just under $4200 and still continuing to steadily push on up from $4000 to $4100 to right now high $4100s.

Will it dump back to $3000s or are we gonna see it just keep gradually building steam or a big squeeze and watch it shoot way up, and if it does shoot up will that signal the start of the bull market like Oct 2015 or is it a trap and we've still got months of bottom to watch?

Topic: So what do we think of thing continuous gradual rise of Bitcoin recently? - page 2. (Read 309 times)