Topic: Why did Bitcoin hit $4,000? (Read 683 times)
There has been a lot of good news circulating around which should even take BTC far above this $4K price mark that it is finding difficult to remain there. The market is gradually seeing an improvement and I think everything will be over soon.
There are a lot of factors affects the bitcoin price but i really think its the manipulators this time. Supply and demand theory isnt that okay to think because miners are long ago not active and still the price doesnt change. There is really some one or some organizations doing this but this really helps us to buy low and sell high.
You are right, continuous manipulation last year have drowned the value of BTC also the panic sellers too became a scapegoat to disaster the market, supply and demand is very much low in my opinion. I hope BTC will comeback with some genuine pump.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
as of now we have no idea if it will lead to a bigger price soon because of these sudden fluctuation. And in my opinion if this factors always happened in the future then it will collapse always after the sudden pump and will never go further for sure.Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
If we are in bull market it might be happen but not always and the price will going to increase 1000% as what happened last 2017. This is not the right time to say that the price is in bull market. Maybe 3rd quarter of this year we will see some sign of the price increase that may lead to bull market.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
I've been telling about that thing for years
When the market is thin and there is no real adoption (which would make a thin market irrelevant and inconsequential), it doesn't take a lot of financial leverage to move the price in any direction, either up or down. Therefore, such sudden bursts of price action should in fact be expected to happen now and then (so take advantage of them while you can), and as is now evident as well, they don't have any real long-term impact as it takes as little to move prices back (read, this and similar surges are likely short term only)
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
as of now we have no idea if it will lead to a bigger price soon because of these sudden fluctuation. And in my opinion if this factors always happened in the future then it will collapse always after the sudden pump and will never go further for sure. Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
I think that this is not a temporary price jump. Personally for me, what is happening in the market is a confirmation that Bitcoin has changed its trend and is starting to grow in price. This is the beginning of a very long uptrend for Bitcoin, i think. In two weeks it will be completely clear whether this is so.
basically this is a sign that soon we will witnessing a long bull season also. Because it's been how many months and now finally it showed a progress in the market. For me even though it fluctuate i do believe soon or before mid of this year it will make a good run again. There are a lot of factors affects the bitcoin price but i really think its the manipulators this time.
Who are these manipulators? Whales? Just because someone has deeper pockets than you doesn't mean they are manipulating the price. Instead, they are actually losing out due to the slippage they have to deal with.They have no choice but to either 'pump' or 'dump' in order to open or close their positions. In other words, the only aspect here to blame is the lack of liquidity, and it is something that won't change any time soon.
Supply and demand theory isnt that okay to think because miners are long ago not active and still the price doesnt change.
What exactly do you mean with miners not being active? That they aren't dumping their coins anymore? If so, then you're wrong--miners continuously sell to cover operational cost, and that has never stopped.
The number of requests but many have stopped mining so that bitcoin is able to reach the level of $ 4000, and this happens only for a moment.
Even so, there are still many people who expect a higher level of bitcoin.
Even so, there are still many people who expect a higher level of bitcoin.
There are a lot of factors affects the bitcoin price but i really think its the manipulators this time. Supply and demand theory isnt that okay to think because miners are long ago not active and still the price doesnt change. There is really some one or some organizations doing this but this really helps us to buy low and sell high.
I think it reached the 4k because in 3600USD and 3800USD is consolidating a good liquidity zone, in lower areas, nobody wants to sell Bitcoin, they are testing the 4k and maybe more for the elimination of the offer there and thus the Strong Hands continue accumulating Bitcoins, a good setback is not ruled out, since with the setbacks they win, as do many market speculators.
Within the next calendar month, Bitcoin will finally have to overcome the 4000 level and then the next not less significant level - 5000 will be in front of it.
already has many failed attempts to overcome the $4000 and whenever it fails to exceed $4000 the price drops a lot, I hope this time do not fall again to the $ 3400 again
This will be a much more important milestone, because 5000 is the psychological mark, overcoming of which will open up a further way for him.
I believe we will only see the $5000 from May
1 BTC = $3885
can drop a lot at any time
Within the next calendar month, Bitcoin will finally have to overcome the 4000 level and then the next not less significant level - 5000 will be in front of it. This will be a much more important milestone, because 5000 is the psychological mark, overcoming of which will open up a further way for him.
I think the price can't sustain to stay at the same place too much, there are too many traders around to allow that to happen and we are in a system where traders keep the prices alive. Hence it means price needs to go up or go down time to time in order to make them some money so they can continue playing with the price.
I know its not a good reason and looks shady but that is what it is, price needs to go up and down so traders could continue making money or losing money but at least keep being on the move, if the price was like a stable coin and not change too much than there wouldn't be a reason to buy or sell bitcoin and than people would start just spending it instead of trading it. We are at a point where price was same for a too long time and that is why we have seen an increase.
I know its not a good reason and looks shady but that is what it is, price needs to go up and down so traders could continue making money or losing money but at least keep being on the move, if the price was like a stable coin and not change too much than there wouldn't be a reason to buy or sell bitcoin and than people would start just spending it instead of trading it. We are at a point where price was same for a too long time and that is why we have seen an increase.
By my way of seeing the market I think that this arrival to 4000USD is a clear proof of position to know how the Offer behaves, in this case there was also a great demand, a good movement, in which clearly many people are returning to dream and create their castles in the air, which is something very positive, that the whole market gives a new tint, new projects emerge and investors begin to believe in technology once again, however, we are not Still, there is still a long time to wait and see that it can exceed 4k
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Just like what i have said before it was just a bull trap and people shouldn't get their hopes to get high yet because there is no certain news that helps to pump the price of Bitcoin. That JPM cryptocurrency news is not the reason why Bitcoin pushed a price a little it is just people who assumed that it is but no one really knows what happen. But one thing is for sure to that this is just a bull trap and it could go down anytime. Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
I think it's just a temporary rising, but I think this could lead to something good, at one point the bear market is going to end so a small trigger like this could become something big, for now we can stock some more and convince other to buy and use Bitcoin
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Hey I believe that momentum was building since quiet a while now, as many had started acculumating and holding it from 3200$ levels. It’s pertinent to note that many USA states also started accepting crypto’s as payment for their taxes, which further gave boost to crypto prices. In my personal opinion I believe slowly, but steadily the masses are coming back to the crypto world and hence prices are rising.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Don't wait for volatility at the moment the price can move to both direction but I think the movement is going to be slow. We are still in a bear trend and before breaking it the probability of down is more than up.
Right now price is near at the price of 4000 dollars because now value is around $3900 each bitcoin and we are waiting to up the value of the bitcoin for sure most of us are excited to see again reached $4000 and after that we are focusing to next leverl which is 5000 dollars and 10k dollars and until the market fully recover which is the value become 20k dollars again.
20k dollars is way far from now. I don't know how many years we need to reach it or we will ever reach it.
For me a positive sign will be if I see a price of around 5-6k then I will be hyped that we can see a bull run again. Otherwise, there is no point in discussing a bull run because we are still very low for that.
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Bitcoin price reached a 40-day maximum, now it is the turn of another checkpoint $ 5k. Bitcoin has now recovered to a level he has not gained since the beginning of January.
This increase is a big positiv of the last days. I estimate that the price will go even higher in a few days.
The Bitcoin clinch the price range which one expected and as the OP the surge came out of nowhere but with my research the ethereum hard forks which was said to happen in few days was the reason behind the surge which make the increase in price to be a temporary trend. Therefore, if the market clinch the price you mentioned it won't last an hour. This increase is a big positiv of the last days. I estimate that the price will go even higher in a few days.
well, I saw the price of bitcoin break through $ 4000 in the coinmarketcap, but within a few hours the price has dropped to the present. I think the price increase has not been stable. however, I think in the near future the price of bitcoin will be really stable at the price of $ 4000.
Bitcoin price reached a 40-day maximum, now it is the turn of another checkpoint $ 5k. Bitcoin has now recovered to a level he has not gained since the beginning of January.
This increase is a big positiv of the last days. I estimate that the price will go even higher in a few days.
This increase is a big positiv of the last days. I estimate that the price will go even higher in a few days.
I dont underestimate the influence of exchanges to pump the price, they have their small way of manipulating the price for a temporary period to make some profits. There is no news any where to influence the price surge, not in technology and regulation, and the pump was in short while. We expect a small draw back but if its bull run, the draw back wont last before goes up again.
I think that this is not a temporary price jump. Personally for me, what is happening in the market is a confirmation that Bitcoin has changed its trend and is starting to grow in price. This is the beginning of a very long uptrend for Bitcoin, i think. In two weeks it will be completely clear whether this is so.
Well let's see. We haven't been able to sustain the 4k levels but yeah i guess we'll have to observe the market in the next coming days. Though personally i'm not very optimistic about a sustained run at this point but hopefully you're right dude.
Unexpected price surge
Only if you weren't paying attention.
I don't see any reasons why the price is suddenly climbing it seems the big volume comes from Coinbene, bw.com and ZBG from USDT to Bitcoin so there are no newcomers who enter on the market.
I don't trust the volumes on those sites anyway.
But yeah I think this is mostly old money buying back in, shorts closing, and short term altcoin speculation. This isn't the start of a new bull run or anything. Sellers were exhausted so it didn't take much money to push prices up to $4K. We'll see a lot more selling pressure the higher we go towards $5K.
I think that this is not a temporary price jump. Personally for me, what is happening in the market is a confirmation that Bitcoin has changed its trend and is starting to grow in price. This is the beginning of a very long uptrend for Bitcoin, i think. In two weeks it will be completely clear whether this is so.
I personally think that this rise was inevitable.
Markets have been bearish for way too long for it to be sustained, and there seems to be a possibility that the bottom was at $3k or so. When markets do go for years without any activity there will eventually be a point where prices will rebound due to demand for cheap coins, and I believe that this was what happened. There may be other micro factors such as individual pieces of news that have been catalysts to this bull rally, but I think that the macro factor of a bottom and trend reversal was the most important.
Is it temporary? I think it probably is, and prices may correct in the short run again. But I do think that a longer lasting recovery will come sooner or later.
Markets have been bearish for way too long for it to be sustained, and there seems to be a possibility that the bottom was at $3k or so. When markets do go for years without any activity there will eventually be a point where prices will rebound due to demand for cheap coins, and I believe that this was what happened. There may be other micro factors such as individual pieces of news that have been catalysts to this bull rally, but I think that the macro factor of a bottom and trend reversal was the most important.
Is it temporary? I think it probably is, and prices may correct in the short run again. But I do think that a longer lasting recovery will come sooner or later.
if you pay close attention to it, bitcoin hasn't touched, or even passed the price of $ 4k for now. well, I noticed it yesterday. however, if you question the current price increase, maybe because of some good news. however, I also haven't found the news. at least, this is good enough for future developments.
Judging from the price trend since the surge, the $4k mark is looking like the resistance level. The charts has been hovering very close to it but unable to break upwards.
We should be looking at a bull run when the price breaks through that resistant level.
We should be looking at a bull run when the price breaks through that resistant level.
Because, it always does. Have you seen how many times bitcoin reached 4000 in the past 2 months ? About 4 or 5 times already. Do not be shocked when bitcoin increases without any proper reason and do not be shocked when bitcoin goes down (it definitely will) without any reason as well.
Bitcoin goes up and down without any reason all the time, its a speculative and manipulative market where rich people do whatever they want with either directly buying or selling changing the price or they could spend money on creating FUD or FOMO news to affect peoples minds and make the price move without spending a dime on the market. Its just how it is built and without proper price regulations (which we wouldn't want anyway) it will continue be like this forever.
Bitcoin goes up and down without any reason all the time, its a speculative and manipulative market where rich people do whatever they want with either directly buying or selling changing the price or they could spend money on creating FUD or FOMO news to affect peoples minds and make the price move without spending a dime on the market. Its just how it is built and without proper price regulations (which we wouldn't want anyway) it will continue be like this forever.
I don't know but no one mentioned about the the SEC making a initial decision on two Bitcoin ETF's, filed by VanEck/ SolidX and Bitwise Asset Management along with NYSE Arca.
https://www.coindesk.com/countdown-restarts-tomorrow-for-sec-decision-on-cboe-vaneck-bitcoin-etf
Maybe these news was the catalyst? No? Or are people grew tired and it sounded a broken record to even hear about those Bitcoin ETF's already?
. But so far I can't find any news, just this one so perhaps many FOMO'ed and jump as early as today.
https://www.coindesk.com/countdown-restarts-tomorrow-for-sec-decision-on-cboe-vaneck-bitcoin-etf
Maybe these news was the catalyst? No? Or are people grew tired and it sounded a broken record to even hear about those Bitcoin ETF's already?
. But so far I can't find any news, just this one so perhaps many FOMO'ed and jump as early as today.
Right now price is near at the price of 4000 dollars because now value is around $3900 each bitcoin and we are waiting to up the value of the bitcoin for sure most of us are excited to see again reached $4000 and after that we are focusing to next leverl which is 5000 dollars and 10k dollars and until the market fully recover which is the value become 20k dollars again.
Upcoming ethereum hardfork is one of the reason why prices were increased particularly with ethereum more than 20% of growth in 72 hours which maybe sudden but its nothing new in the crypto field,actually we faced $3000 price changes on bitcoin prices in a day while we are in 2017 so don't look for the reasons just plan what you have to do with this price bump.
this market has always worked in reverse direction of what you are saying here. which means bitcoin price rises then value of altcoins because of bitcoin price rise against USD, goes up and starts up some FOMO buy. then the pumpers who become more active during these times pump the altcoins more. so we end up with a bigger price rise in these pumped altcoins.
that is why they always get dumped hard when bitcoin starts rallying instead of small rises.
Upcoming ethereum hardfork is one of the reason why prices were increased particularly with ethereum more than 20% of growth in 72 hours which maybe sudden but its nothing new in the crypto field,actually we faced $3000 price changes on bitcoin prices in a day while we are in 2017 so don't look for the reasons just plan what you have to do with this price bump.
I actually doubt that the upcoming ETH fork has anything to do with this. I mean, pretty much every exchange has USD/ETH pairs, which eliminates the need to use Bitcoin as a gateway. If nothing else, I'd say people wanting to ride the ETH wave would probably be more inclined to sell BTC to beef up their portfolio.
But yeah, I agree that this is probably just natural volatility at work. It just seems like people spend a lot more time than usual looking for signals lol.
Cause I was waiting the dip to buy. The same old story. But don´t worry, im going to buy some bitcoins this week so the price will fall again.
this is the correct answer.
it's like some variant of murphy's law ("whatever can go wrong, will go wrong"). if you're waiting for one more dip, the bottom is invariably already in. this always happens to me as a trader!
On Bitmex and Coinbase it hasn't hit $4000 yet. The $4000 most people see is an average with various exchanges batched up. Some exchanges like Bitfinex are showing higher prices than others.
I don't think breaking $4000 is significant, what is more significant is the high of Dec 24th (christmas eve) breaking ( $4200) because it would be the first time since ATH that there is a weekly break.
I don't think breaking $4000 is significant, what is more significant is the high of Dec 24th (christmas eve) breaking ( $4200) because it would be the first time since ATH that there is a weekly break.
Some good news has been brought during the last days that imply a positive movement of the market. Many investors may have thought that 3,5k is the bottom as we are there for a lot of time and now it is time to make a rise. I still think that the movement of the price is still not clear, we need to reach 5k to understand what is going on with the market.
Cause I was waiting the dip to buy. The same old story. But don´t worry, im going to buy some bitcoins this week so the price will fall again.
the real question is why didn't it reach $4000 a long time ago and why did it take this long to come back up when we clearly were in a reverse bubble for a long time and like any bubble, reverse bubbles need bursting too.
and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.
Yes, this was expected to happen long back. Even now the price has striked the $4000 mark and didn't lasted for a longer time period. Bitcoin price now staggering around the $3950 range. Probably the next price pumping will keep the price of bitcoin stay above $4000 and continue its gradual growth. and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.
Upcoming ethereum hardfork is one of the reason why prices were increased particularly with ethereum more than 20% of growth in 72 hours which maybe sudden but its nothing new in the crypto field,actually we faced $3000 price changes on bitcoin prices in a day while we are in 2017 so don't look for the reasons just plan what you have to do with this price bump.
the real question is why didn't it reach $4000 a long time ago and why did it take this long to come back up when we clearly were in a reverse bubble for a long time and like any bubble, reverse bubbles need bursting too.
and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.
and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
It is a normal occasion that bitcoin will hit $4,000 because we already reached almost $20,000 in the past,whts the question is how long would this take to staySome analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Because checking the prices now it seems tht it only touchdown the $4,000 vakue and then dropped automatically,i think the whales has just let us taste this small pumo before putting it down again or we can call it a trap
It was because of fake news probably. Many has been spreading a lot of bad sh*ts on BITCOIN probably when the biggest investor sold BITCOINS people or the HOLDERS f BITCOIN was scared that it might decline continuously adding the fact that some was posting in many social media platforms showing how Bitcoin can pop anytime and the decline of BITCOIN continuously moves at a fast pacing time leaving others also to pull out their money while the have the chance. Leaving bitcoin with a shocking price anyone would not think of.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Sudden surge? I don't consider it as a surge providing how much it goes down during the silent phase at $4,000+ level.
Still a good price movement though waking up those "HODLERS" that waiting for a suggen change.
If this will lead to bigger price rise or just a temporary one is still the question that doesn't have an accurate answer and never it will be. So as usual, prepare for both sceanarios so you are ready whatever happen later on.
Unexpected price surge, I don't see any reasons why the price is suddenly climbing it seems the big volume comes from Coinbene, bw.com and ZBG from USDT to Bitcoin so there are no newcomers who enter on the market.
I already check all exchanges and the price hits $4k value but suddenly drop in minutes.
I don't think the price will stay at the current price for a long time but I feel that there is a big dump coming. I feel there is another big group trying to attract new investors to invest in bitcoin because the price surge comes from USDT.
Don't expect that the price will increase more we are still in the bear market and I believe the 3rd quarter of this year is the right time to see the bull market.
I already check all exchanges and the price hits $4k value but suddenly drop in minutes.
I don't think the price will stay at the current price for a long time but I feel that there is a big dump coming. I feel there is another big group trying to attract new investors to invest in bitcoin because the price surge comes from USDT.
Don't expect that the price will increase more we are still in the bear market and I believe the 3rd quarter of this year is the right time to see the bull market.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Honestly, i am not convinced about start of bull trend. Pullbacks will happen more after end of accumulation zones but 4k$ is not even close to signs that i am looking for. Temporary increases suits more to this question than alternative versions. Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
We should perceive this volume and price increase as positive innovation. There has been an increase in the volume almost twice. We can also accept this as a long-awaited upward explosion. Looking for any reason in every increase is not liked by BTC. Just remember 2017.
The reason for the recent upsurge is quite unknown
Is it a natural increase or not?
The picture will be clear in the coming days
I hope this will be the start of market recovering.
There must be a connection to the upcoming hard fork of ethereum and this made the market moved pretty much positive on our side. And this can also be a natural increase because we've been through a long bear market which is essential to expect something positive for this year. We're going for more months and let's see if the market shall recover completely and we'll see highs again. Majority believes that this is already the beginning of the complete recovery of the market. Is it a natural increase or not?
The picture will be clear in the coming days
I hope this will be the start of market recovering.
this is a very nice jump or increase, this possibility is only a temporary surge, but I really hope that this is the beginning of a surge and will always rise to reach $ 20,000 onwards.
We wont see those good days on a short period of time.Its possible for upcoming years to come but there would be a hell lots of bumpy roads before reaching the ATH once again.This is indeed a very good increase.Imagine 3500 to 3900+ as of this moment will already give you some profits if you do make short orders.We are almost hitting up 4k area but somehow price is stabilizing or staying on 3900.
We might break it soon for sure.
this is a very nice jump or increase, this possibility is only a temporary surge, but I really hope that this is the beginning of a surge and will always rise to reach $ 20,000 onwards.
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
The reason for the recent upsurge is quite unknown
Is it a natural increase or not?
The picture will be clear in the coming days
I hope this will be the start of market recovering.
I think this is a normal increase. Though after many days we have been seeing Bitcoin at 4K USD and everyone gets happiness! I don't know the reason for BTC price growing, but it can be for the JPM involving in crypto or ETH hard fork is coming to hit! JPM is a famous and a big person in every country in the world and he is making a crypto coin, this is not normal news, this will bring more big person and fans in the crypto platform!
It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be
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