Bitcoin Rallies Nearly +15% As $4,200 Resistance Faces Massive Volume

Feels like the summer of 2017 🙂 What do you make of this price movement? Leave a reply down below.

If there is scam in Binary trading I've not experienced it with my current trader, mr Chris, I'm sorry about the unlucky ones here.

Thanks for the video! Good to know it’s not just me that has no idea of what happened, haha.

Any chance you will be travelling to Australia? Particularly Brisbane? I’d definitely come see you if you’re local, love your work!

Come crypto bullrun we need you! haha, although i'm making $2125 worth of profit weekly which is cool, but $5,000weekly will be really nice

Hardly massive volume. Also a lot of people just got tax return money.

Wow

bzzzzz
-Yes, master?

– Liquidate the shorts then damp eet.
– Yes, master.

All the up moment happen in 1h, so is not really natural buy intentions from real people

Someone who's been buying massive stacks on OTC finally decided pump it on exchanges.

Wow

$100 Million dollar whale who bought 20,000 BTC across 3 different exchanges.

I know the action marker on todays events and spoke about it yesterday in interviews. Its amazing that a single person can still cause these plays like that.

Classic crypto. By the time I got into all my exchange accounts and past all the 2FA the move was over lol

Honestly, I do not like it a bit. Too good to be true and all of a sudden.

An investment group dropped 100!M

crypto winter is over welcome everybody to crypto spring

Same group is moving this market. Way to coordinated.

Just look at the total size of the crypto market – it is miniscule. The amount of inflow needed to pump price 20% is insignificant in the broader picture. I expect the total crypto market cap to reach levels similar to that of the NASDAQ during the dot com bubble…massive upside from here.

In the words of Senator Reenak… IT'S A FAAAAAAAKE

The news about the "SEC clears VanEck ETF" which could be an April's fool news made the PUMP and FOMO ? https://www.cryptopolitan.com/sec-clears-vaneck-and-bitwise-to-launch-etfs/

As for why the price went up: some large whale and China. And China is probably where the next bull run will come from, which is why I'm loading up on NULS.

I'm still down 5-6x. I'll start getting excited when BTC breaks above $10k

No snap !??!!?

Yeah – I saw the moment teh dominance went to 49.97% and was like "O-SHIII"

Thanks for the updates. I too tend to see this latest bump to the upside as something awesome and exciting but I am not calling it another bull run by any stretch. Let's see if BTC will hold above 4.2 even through the rest of the week.

I still think we'll be lucky to see 6k BTC at any time this year but hey, this is crypto and anything can happen.

4.2k was a level that needed to be breached for us bulls so if that holds we can hopefully start a healthy climb towards that 6k region.

A few years from now hopefully we'll be looking on in disbelief that 4.2k BTC was even a thing. Time will tell….

it was a short covering rally. Many people were shorting BTC at $4150-$4200 and got stopped out on leverage. This also fueled buyers on the breakout of the inverse head and shoulders pattern that has formed for months and broke out and met its target in about an hour.

Btw, I won a unibright T-shirt the other day in an AMA with Ruud! ????❤️?

Wanna share and discuss my thoughts abaout what happened today. 99% of the population went short on btc. whales and bitmex see this so they decide to try and kill them shorts by pumping btc. wich created a shortsqueeze. so BTC went up some more. By btc going up, also a lot of buy orders fiat/btc above 4200 got executed. wich made btc go up so much more. point is, its a huge snowball effect that was created.

Feels.so..fake…

This industry is like watching a puppet show and the stringpulling puppet master is on pcp

I think this price action was pure TA. There was an ascending wedge pattern forming, also, we broke out of a large wedge that had been forming since December. Considering this I think this might be a bull trap, we really need to see a catalyst before we move into a full on bull market. I do not doubt the price could move up more on the short side currently, but I think there is a dump in the somewhat near future.

I had a great cheat coins setup… then Bitcoin the Destroyer came along…

Sick from your flights? Voice sounds a bit sick ?

Fidelity investments is supposed to be launching a crypto fund, index and some sort of custody service for crypto. Maybe that’s why the pump, I recall April Fools in 2016… things changed for me after that.

Maybe it is a late april fools joke on bears shorting bitcoin near the $4200 resistance.

Binance > USDS > pump to $10,999.98.
Not just USC but USDS where action happened.

https://www.reuters.com/article/us-crypto-currencies/bitcoin-soars-20-percent-mystery-buyer-seen-as-catalyst-idUSKCN1RE0JY

As there have been no real changes in news or fundamentals could this simply be a short squeeze?

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Wake up this morning was like feeling Satoshi Nakamoto who find private keys back ???

I don’t want it to go up I need more btc

So you telling me with all the news information on bitcoin. Nobody knows why bitcoin jumped up like that?

Reuters has great article on what happened. Said it was a coordinated buy-in set of identical blocks of money, input across multiple exchanges… Which then triggered algorithmic trading.

Don’t expect epic bull run, but crypto winter is over. Time to scale into enter your positions, and enjoy gains over time.

Bear market is dead.

Had a slight fever when I went to bed last night, woke up to a 15% BTC jump and I feel much better. ?

The amount of FOMO right now in the market is probably through the roof and the clowns that buy, will be liquidated soon lol

I'll looking to see if daily closes above 200ema ma, that will define direction for me. If it closes below… this could be a perfect trap like 2014.