Quote from: serjent05 on April 21, 2019, 08:15:53 AM

Quote from: Omega Weapon on April 20, 2019, 06:51:43 PM

Bitcoin is rising but we do not know if this is going to last, maybe the growth will stop and then we will remain close to the current values for a month or two, and then the price goes down once again as the demand goes down and the supply goes up as people try to sell their bitcoin and try to recover some of the money they have lost, so it is my opinion the recovery we are experiencing is still not long and big enough to enable us to say that we could not touch prices below 4000 once again.

Do you think it is a bull trap? I hope it is not. Many analyst are quite sure that Bitcoin bear market had ended and the accumulation stage is almost done. The chart show a very bullish state and many Bitcoin bullish prediction are now spreading across the cryptosphere. (though they might some bearish prediction, maybe trying to turn the sentiment on the opposite way). The occurence of several higher low and higher ups is one of the signs and fundamentaly, financial analyst also thinks that fund from different insurance may go to the Bitcoin market because they wanted to take advantage of the volatility of cryptocurrency sees a higher probability of gaining more profit.

One can notice that bitcoin is trending inside a symmetrical triangle defined by red trendlines. It is providing traders a clear understanding of the ongoing price action. As close as the bitcoin price gets to the triangles apex, the lesser the volume becomes. At the same time, every upside attempt is failed by a stronger red resistance trendline barring a few instances of false breakouts. From mid-December to now, the BTC/USD market has seen six of such breakout attempts. The market is now in its seventh one.

And take this with a grain of salt: Tone Vays presented some of his analysis and explained that he had predicted Bitcoin to reach a valuation of around $5,100. He said that after the breach of the $5,000 mark, he expected Bitcoin to hit new lows.