Bitcoin Forum

The most popular digital currency Bitcoin has faced tremendous pressure in the past two months because of its holder selling. The price continues to under US $ 6,000 / BTC. But in the last week the price of Bitcoin back heated up so that the price back rally through US $ 8.000 / BTC. Guess what makes bitcoin prices high again?

it is true that two months of this bitcoin price has decreased greatly and not long ago the price has increased again, and I think that price increase has something to do with the ETF.

There are some big buyers at $5000 or $6000. It looks Bitcoin is going back to $4800

with some 4,000,000 bitcoins bought before 2011, they most likely will be sold.

Bitcoin will increase the value in the future. Probably we should not expect him to go crazy rally by the end of the year, but 2019 will be again the year of bitcoin ;)

"Tremendous pressure" is a big accusation. This pressure was/is coming from impatient speculators.
When this, when that. We all lije to speculate but the level of expectation was getting overwhelming.

Don't make the mistake to sell now... Price will go up in really few weeks, whales are ready to the next bullrun.

I think it has something to do with ETF flows，The whole market is still in a very weak phase, so for now, if etfs can pass, it could bring huge amounts of money to the entire encrypted money market.

We cannot truly say that the price will keep rising because we all know here and aware how unstable the price of the Bitcoin in the market. But with this situation, the price of the Bitcoin is keep on going good, and for me, as a proud user of Bitcoin, I want the price to keep going high.

Why guess, if i can accurately say that there will be a slight descent of 7-10%.

it's really true of what you say, and I feel all this because of the influence of news about ETFs, and this is a very good influence for the rise in bitcoin prices.

Dont think so, for that time the whole market is not very stable and it would be very riskly to invest nowadays.

Bitcoin is just a thing that increase in rate and decrease in rate
So it is not advisable to sell ones bitcoin now... I will probably get increase with time

I am not assured bitcoin prices are back burning.but I perhaps in the last week the price of bitcoin back heated up.if bitcoin price is high again I m so happy and this is a very good influence for the rise in bitcoin prices.

We are really waiting for this rise in the price of bitcoin and we all know that this is coming.The demand and the trust of the people plus a limited supply of bitcoin makes its price increase again. Ups  and downs is just normal  in btc world.

I think this is because the news about ETFs yesterday that people believed would be successful and approved so everyone panicked buy because they think the price is still cheap and prices have gone up in the last few weeks

The price jumped because you can only hold a balloon under water for so long.  Each day more air gets added to the balloon as new investors come aboard.  When Bitcoin starts rising it's going to be swift and fast. 

I think the cause of the higher bitcoin prices is due to the end of the bear market, and there is currently no large-scale transactions at a time when prices are rising.

increased bitcoin demand and growing investor interest and certainly a country that legalizes and admits bitcoin as a valid currency may be in my mind

Supply and demand, I guess. Those positive news about countries and corporations embracing cryptocurrency must have gotten the attention of a lot of investors waiting on the wings. It’s $8,200 and rising... :)

Yes, and it will boom in no time.

I think the revision of the bitcoin is over. Now, if you buy and keep your coins, you will be able to make profits. Of course, it takes a lot of courage to buy altcoin.

Although I am not too sure why the prices have been increasing for the past few days, I believe the recent news about the South Koreans thinking of implementing electronic currency system may have supported Bitcoin too.

the question may be very difficult to explain with certainty, decentralized bitcoins which each time can raise and lower prices, no one will know for sure the decline and increase, so many people say more and more people are investing in bitcoin, bitcoin will increase, and vice versa for example many people who sell their bitcoin, of course bitcoin will lower the price.

Now that is a new word for me. Back burning.  ;D

I guess some investors just got banged their head to reality. Truth was revealed to them into where they should really invest.
Altcoins now are being too risky. You go buy ICO tokens and then suddenly they are dust when listed in an exchange.
Yes, before there was people who made a ton of money out of it. But with this lot of competition it is hard to say which will really get a real value.

Yeah, you are absolutely right. Most coins/tokens when gets listed on exchange, trade at 20% price of ICO and this is the case with 90% ICOs.

Plus big investors are always ready with their money to buy more bitcoin if prices decline and that's what happened. They started buying more which pumped the price.

not two months but six months bitcoin is experiencing a falling price, various reasons are beginning to unfold with the current btc increase, but all are just unspecified spikulations

The thing is, there were a lot of people who thought that the SEC would approve the ETFs and this pushed up the price, but

now the reality kicked in, when the SEC denied the Winklevoss twins application. The direct impact of that decision, was a

decline in the price. Investors need some good news for them to invest more money into Bitcoin again and a approval of the

ETF, would have been the trigger for that.  ;D

indeed we wait for the rise of bitcoin, and finally bitcoin can jump again the price, it's all because of our beliefs as well over the years. we must be sure and believe that the bitcoin will indeed jump high again. because it is not possible also if the bitcoin is down continuously.

I think this is just an excitement for the BTC market from the investors they want to change a bit of air. The price of BTC will fall sharply again which is likely to be back below 6k. I still can not see the whole market going up at current BTC prices. My opinion BTC will reduce again to boost the market going up later this year. I, like everyone who wants BTC will reach over 20k in the future, BTC will prove themselves again.

Bitcoin price is pumped by few unknown peoples who are making money in this pump and dump game.
If we look at bitcoin prices increase and other altcoin reaction then we can clearly see that other altcoins not following bitcoin.

The more reason it's described as the king. No matter the troubles or challenges set before it, it will always rise again and again. Take it or not, Bitcoin and its technology has come to stay. Ride on with the party Bitcoin.

It was 8.2 previously. I might be too sensitive in looking at the current price but that's how I do sometimes when I am free. It is a stop signal for those who were excited to see their portfolio grow. It is still a time to let everybody in the train with their purchases of tickets. Price might either go under another correction or it will slowly continue to walk its journey now. We can't still put our hypes all up.

Bouncing of a dead cat.

Yes investing into altcoin is the list riskiest thing which one can do as it can either make you extremely rich or else leave you broke I would prefer but coin as the primary investment as I am familiar with bitcoin.

Yes this is very true in the mist of btc/ETFs approval by SEC.Well we saw a little ups and downs in anticipation for the SEC decision on ETFs .Well,it was declined and price fell a little, slightly below the 80k since it reached this price for the first time after May.The price bounced back well very soon, proving that with or without ETFs ,cryptocurrency price will soar high.

If you would just go and read about the news lately, the driver of this price increase is the CBOE- SolidX ETF application. The decision is due on Aug that's why FOMO got in really in anticipation of a possible approval. So a approval will open a lot of doors for many investors to pour their money into the market. And it was reported that there a good chance that SEC will approved it that's why the price has continued to rally up to the day of the decision. (Not sure though if its Aug 10 or 16).

For me it's a game of the Titans. Large investors simply play a course, while ordinary people do not exactly work on it. The course is now not affected by positive or negative news))

I think is because of the news from  ETF but today Current price is 8180$. We have really strong support at 7800$ and worse 7200$. First small resistance is around 8300$ (we will break it soon), next very important point is 8600-8800$, if we will able to break it, then probably in few weeks BTC will reach 10000$. From fundamentals site we have incoming ETF so i will not suprise if BTC will grow more.

I believe the price can't continue to remain low or dip. Sometimes it will rise and rise , while it will reduce and reduce at some point. This is natural of cryptocurrency. Let's hope it continues as such.

What is ETF ?, I just heard

Bitcoin price seems to be a fluctuating asset, and now the price back firing is due to the market scenario with the bitcoin dominance and the stability for the price to get pumped to reach a bigger price barrier. Possibly, price of bitcoin can be expected to reach ₹8500 at the shortest by August.

probably because the world gold price is rising. The price of gold in the world (not only in Indonesia) is affected by demand and supply.

In addition to demand and supply there are several factors that make up the price of gold, such as the interests to protect the value (hedging), the price of gold trading contracts and so forth.

If you are people who are already accustomed to investing in gold, then you see the price of gold changes every day.

What makes the bitcoin price high? given by the past bloodbaths and corrections you may see why there's a price decline and rise given that we have some potential and influential news and events that may affect the bitcoin or the altcoins, the present one is the famous bitcoin ETF request of approval from SEC by Winklevoss twins, a lot of people takes the advantage of riding some upcoming news or rumors to profit and make some positions.

   In many articles in here on forum I constantly see:
-"Pressure on price"
   What that means:
-"In this case there is an excess supply, with the quantity supplied exceeding that demanded. This will tend to put downward pressure on the price to make
it return to equilibrium. Likewise where the price is below the equilibrium point there is a shortage in supply leading to an increase in prices back to equilibrium."
   When people speak about this pressure it`s something that`s happening on the market, supply or demand are growing.
Why they grow, is that natural or manipulation depends from many factors.
   In long-run prices will grow. Demand must go up if world is adopting crypto-currencies, and that`s happening already. Short
up&downs are normal, sometimes natural, sometime whales manipulate with price.

Did you mean $8500? Yes this dump was normal and those who are into this domain from long time already knew about the current price dump which we are going through, but this is not the end as we are heading towards the most awaited period of the year which is bullrun and we need to have patience to see this red marks turning into thick green.

There is not a need to guess, we know why the price of bitcoin is behaving this way, the SEC is once again considering an ETF and people are excited about it and this is why the price went up, it is not really complicated but even if we get a positive decision the price is not going to reach the previous all time high, we need more than that and the LN could be exactly what we need.

Bitcoin price can be attributed to the recent positive news of Exchange Traded Fund regulations and the endorsement of bitcoins use by some countries and corporate societies.

In my opinion, i think that the prices might easily be touching more than $10000 at the end of the year, but it is a very long process, there are still 5 months left until we can see some movement

Because many users are still going to believe of bitcoin and they spread the positive about it so definitely investors will curious about it and many will come and invest because of positive outcome they receive in other old investors in bitcoin.

Bitcoin will not remain on a dump position so this is why we see the price comes back from the $8k level and of course because of the news about ETF. Now we are seeing bitcoin lower than $8k again maybe because of the ETF delayed but I kno this will not last for months.