Bitcoin Forum

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

Bitcoin doesn't make noise in the market. It addresses the market so that altcoins make some noise by following its route. Indeed it's a pleasure to see that bitcoin going past 7400 level. But due to current uncertainty, it will be hard to maintain it!

There has been few news around that US people are buying bitcoins with the $1200 help money that they have recently received from the government. I don't know the consequences they are going to face later on, but if it's true then the market is probably responding to this event!

If you consider just 5% increase as noise then I don't know what you'll call the double figure percentage increase bitcoin does on several occasions. The increase wasn't unexpected as it has been knocking on the door for quite sometime now. It could be said, the market hasn't be responding as positive as we all expected considering the halving event is just days ahead yet no strong signs of a positive reaction until few hours ago. Probably, the market is just responding to be positive news all around the industry lately.

Coins like Stellar lumens (XLM) with its recent gains are the coins you can point fingers at for been noise makers in the market as I don't see any reason for their recent price increase yet the project just keep gaining value as the days goes by.

Today's 5% upward climbing of bitcoin value is not so surprising to me. When a destructive virus has hold up the trend of the world,s income, bitcoin has opened its door for all to invest and make profit. Millions of business men are now passing idle time by shutting down their business but bitcoin investors are successfully continue their business because there has no risk of Corona virus and no government obligation to pause it. That's why many new comers are entering the bitcoin market and making investment in it. Now many short investors are also being attracted to invest in this market that helps to turn the bitcoin market upward in the present pandemic situation. At this universal investment field, bitcoin is the always leader and other cryptos are the followers. I think, this positive trends of the market will continue......I say, STAY AT HOME, INVEST IN BITCOIN MARKET, BE SAFE.

That money is supposed to b for their food while locked down. They'd be losing money in the end, its a disaster again for them and they will treat BTC as scam. Its expected BTC will drop after this price pump today. How often are they going to print to give away another $1200?

Tomorrow (April 24) the closing of the futures for December 16, 2019 (https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html)... The day after tomorrow (April 25th) Binance is leaving for maintenance! Which is amazing right after the closing of the futures... ;D

This weekend there may be even more powerful movement on the  market! ;)

I don't think there 8k USD is going to be another bull, not yet, the whole market has a red flag because of this crisis and it's difficulty to imagine such scenario during this pandemy
But I'm happy that price is increasing slowly, and above 7k USD, I prefer to stay solid in this situation instead of volatility, it's more healthy to our stress  ;D
You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.

Way too optimistic about the 5% rise eh? Well, you could be disappointed once Bitcoin starts going down again, but nevertheless your optimism and others too can possibly turn it into a bull run considering the block halving is coming closer, or there are other good news in crypto space that causes a slight upward movement from what considered as a normal back and forth swing from the past couple of days.
Anyway, that $8,000 would be the resistance level, If get pass through it then that'll be a good news despite the struggle of pandemic.

This only shows that even if we have a not-so-good situation that everyone is experiencing, it doesn't stop for bitcoin to grow in the market. And with the upcoming halving, people will have more interest on bitcoin. I'm excited how will this event will contribute in bitcoin's performance.

Bitcoin is just being a Bitcoin. With these recent pumps when we touched again the above $7,000 after falling it last week, it's kinda a pullback for me and small retest at $7,500+.
This is indeed a good sign for Bitcoin especially the halving is fast approaching, let's hope the weekly candle will close above $7,500 and we can see interesting coming weeks for Bitcoin.

I have no offense to you OP, but is it just me, or is it that such price movements are SO COMMON with bitcoin and with the cryptocurrency space in general that I don't think it's worth creating a topic for it? It's just 5%. We've had A LOT bigger price increases in the past.

Bitcoin price is very violation, only change 5% / day it's not surprised to me. Moreover in crisis situation, the price will change quickly... you can look how crude oil, stocks, fiat, and many other investment price is dropped so much. We are now in crisis situation not in recover, so the price is not stable and very risky.


Indeed, most people doesn't have much money to invest again especially if people invest in crude oil and stocks. They're afraid and worried to lose this money like his old investment, moreover many employee/worker got laid off or salary cutting from their company. They will only using his money for buy a food for surviving in this situation.

I do hope I can enjoy it but 5% still not enough for me to let myself chilling with enjoyment. As you can see, halving is closer but there are probably other reason of this pump and we can assume it is, but the truth is the whales are just playing their hands again. Do you not noticed how fast the market moving last night? Like what other said, this is just a common scenario and we cant simply say a bull run could trigger anytime. If there is a huge pump you know what happen next and sometime the pump it made is the double of the dump it will have.

Glad to see the market is moving, but don't expect much on it, yes the halving is fast approaching but the effect is not as powerful as we all anticipated, we use to be very confident when halving is coming but we are in an uncertain time, we should be grateful that the market is stable until the world fixes itself, investors will then be looking for the market to invest again.

How this small pump of 5% made  noice in the market? We have been experiencing a stable price since last week. Thus, I wasn't surprise at all when it pumped to $7600. Or even higher pump than that.
 Don't be overjoyed yet. Though it has a good sign of bull run but as long as the resistance level isn't broke yet, there is a possibility of dumping again.

I wouldn't consider this a noise, have you noticed when the price went from $7200-$6500-$6600? Can you call that a noise as well?


Just be careful what you wish for, maybe this is just a bear trap being set so I wouldn't be confident to say that we will going to see $8k and bulls are in the upper hand. Most of the time this kind of jump is either a indicative of a manipulation or bear trap, don't catch a falling knife here.

bitcoin is THE market, there is nothing else. when it moves it defines the market direction. and altcoins (if you look at their price against bitcoin) get dumped right away as bitcoin price rises.
besides you are getting excited for a tiny fluctuation (5%) not a rise. it would be a rise if price was testing $8k or broke that resistance otherwise anything below that is just background noise.

only newbies who think they are "bag holding" bitcoin are desperate for such actions. otherwise anybody else who is aware of bitcoin potential is accumulating it and wishes the price stays here so that they can buy more of it. ;)

First of all, bitcoin nit making any sort of noise or fake market trend and if the situation of the pandemic didnt happen bitcoin would have experience some unbelievable surge in price but the recent surge in price of bitcoin shouldn't be expected to happen simultaneously until bitcoin block halving totally occur.

Some analysis says that US stimulus package has been the reason behind the spike on the market and even officials from Coinbase has commented about $1200 trade orders.But this is not enough to consider that we entered into bullish trend because still people all over the world suffering from lockdown so they may tend to liquidate again if the period gets extended.

It is wrong to think $8k bull market because the current market is going up, it is difficult to say that the market is safe or risky now. Because the whole world is now suffering from the Corona virus panic. No one knows how long this condition will last. Crypto follows the traditional market. Now most of the countries in the world have lockdown which is making the economic situation worse every day. So here is another reason to think about it.   

Bitcoin's price may increase as halving is coming. After Halving, it will be understood which trend Bitcoin will follow. And the situation of the world, which way to go is also a matter of observation.

True. The initial drop we saw was probably mainly due to people going on to panic mode when they saw the stock market crashing along with economy. They thought bitcoin is going to crash too, thus they started to sell and the domino effect took place. Eventually though, the stock market is still going to down, but the price of bitcoin started to recover. At least the upcoming halving event gave people some hope and made them hold their coins. Let us see what happens next.

5% increase wont be considered out as a halving effect.We should remove into our minds that kind of presumption because talking about that percentage is just like a typical movement of the market.

People are really fan on tagging up crypto market with traditional markets and to current economic condition but this one proves out that crypto nor be affected or not.Its always been unpredictable since from the beginning.

Now we are already close to halving and this recent increase doesnt particularly connect into this one.

We have to wait and see if the up trend is healthy or not, we can’t be too excited for this pump. Well the noise is not that much since we know the capability of bitcoin if the noise spread out in many countries and I’m waiting for more with bitcoin. The only reason I see for the recent pump is the halving, we are so close into this one and people are speculating that much about the halving, people have to prepare for this.

I also asked myself why the hell it would rise amidst all this problem in financial industry.
Then, people are spending for food and necessities against the virus.

Now, there is only one news I remember that could really make the price soar like this.
The stimulus check.
I guess it really made an effect to the bitcoin price. They might really be looking forward for the halving.

That is good for us. We can sell some altcoin and bitcoin if we want to get a profit. Although we still tried to recover the losses, we can reduce the amount of the money that we want to recover, especially if we can make a profit over and over at this moment. I am not sure if the price goes above $8k can be a sign for the bull run to be back because I think the bull run will happen after the price can start to increase step by step. Right now, we don't see the price can begin to rise so high, but it stops at a price now, so maybe we need to wait for more.

Is it really bitcoin which is in the center or is it altcoins? There is a possibility they just pass thru bitcoin to buy their supported altcoins.
Although there is already USDT, they might gone thru the old way of doing it.
Or is it possible that they think more altcoins will be receive in buying it with the use of bitcoin.  ;D

No, it is not the halving effect yet. It happens after a year.
Let us assume yet. The pandemic is still there and if this goes longer people will need the money back, withdrawing their coins. Bitcoin or alts.

Bitcoin also lost a lot in last months. If you want to measure pandemic then check Bitcoin price from January first when first cases started in China. Bitcoin gained 5% in that time. Price went from $7200 to $7580. Reason for that is that so far all countries will increase their debts a lot to give money to people and to companies. So economy will not suffer much. How that will actually happen we will see. Price of Bitcoin will react accordingly.

Stimulus check and halving? But what caused the price of bitcoin to increase in that short term period which could be the stimulus check and people who has liquidated their money from stock market entered into crypto market since they saw the price recovered from $4000 to $7000 in very short time.

Well it was expected, not the increase but a movement. Think about it, bitcoin is in a situation where the whole world market is moving one way or another whereas bitcoin was stuck at around 7k and it didn't moved for days, almost a week, that is not really going to sustain for too long.

That means bitcoin eventually were to move and this time it was up, I wouldn't have been shocked if it was downwards neither, as long as bitcoin moved that was something I expected. Thankfully I have bought some bitcoins when it was under 6k, I said I wouldn't sell until 10k and it is getting closer to that level, I am going to stop buying now because it went up a lot more than I anticipated but I am not going to hold it and not sell it until it is over 10k because I believe it can reach there in 2020.

They'll be taking the risk of diversifying their assets from the stock market into crypto. Maybe they are looking for a greener pasture and that they rely on crypto because they expecting that halving could pump the market but it looks impossible as we are not done from the economic loss caused by the virus. If they could catch that price and wait until today, they're making it right but if they are just doing it by now...there is no assurance for it.

If we saw that 5% incline and break the resistance once again, for me isn't Bullrun yet. Not unless if we surpass the $10k resistance. As for now, Bullrun is out from my sight IMO.

Diversifying is actually something quite good when we are talking about financial world. However people actually do not really realize this all the time, and sure people who are not interested in crypto may not want to invest into it right away from the stock world, it is not really that easy for someone who have no idea about bitcoin right now to move from the stock world to bitcoin world in a day, it will take a lot of research to move that way.

However it is actually a good idea to diversify, sure it doesn't have to be crypto, you can move from stock market to commodities like gold or real estate or whatever depending how much money you have and if you want to move to crypto as well to add in that portfolio, that would be just a nice little bonus.

Well it depends into your capacity if you can able to diversify into various markets or type of investments and i do agree on what you have said that traditional investors would really have that hesitance on jumping directly to crypto since they will surely still question into their minds if it would really give out profits into them or not.It just depend if you would take the risk or not because we know that profitability always matter
to those people who do tend to take risk,yeah its risky but you would need to take such step if you do like to benefit from it.Its a matter of choice though.

Yawns, no. Bitcoin really doesn't need that kind of drop in the ocean to go up so much. Market moves like these are normal and hardly ever needed a reason in the past. Besides, coinbase said the numbers from stimulus amounts jumped 4x. Similar in binance. That's really not anything to jump about. Won't have made for a sustainable jump in price anyway!

Already in the beginning of 2020 there was so much bad news that I was tired of seeing negative forecasts regarding cryptocurrency.  I think that we should still look at what is happening and in the near future from the point of view of the new generation and the greater acceptability of high technology by young people. Undoubtedly, before and after halving, the price of bitcoin will only strengthen, since the volatility of the cryptocurrency will increase and investors will not miss this opportunity.  But since we are on the verge of a new world order, many millionaires will seek an alternative for investment, and bitcoin is one of the most sought-after assets for this.  I believe that the demand for cryptocurrency will increase due to the gradual collapse of the banking system, due to its closeness and static.

Nah, I don't see that yet.
This looks like a normal pump.
It ain't the product of the upcoming halving yet.

Maybe we will all feel it sometime in 2021. There might be buyers that will come but they will absolutely run when they see just a little profit.
Then we will see another dump which could be a good chance to buy.

We watch the price every day, for us changes are normal, and if we don't see a couple of thousand dollars rise we will not call that noise, for us 10% up or down is every day fluctuation, a normal day in the crypto market. It's like that for us, but for people around and new people, we can't say the same thing. Bitcoin is making noise for years and noise is getting louder for them, soon the entire world will hear it and dance on that noise.

We needed that so traditional investors will be able to notice bitcoin, now we can prove that in tough times, bitcoin is the best solution for an investment.
Hopefully people will start getting in now, and hopefully they are the real reasons why bitcoin was quite bullish in the past few days.

$7700 was not something I was expecting this quickly, I did expected bitcoin to go up in price eventually but I wasn't expecting something this big this quickly. I would have expected $7000 to happen by now because we were always close to it and always trying hard to break into it but there was a big resistance in $7.3k that people were talking about very harshly that it would be very difficult to break.

Look at us now, we are at $7.7k right now and that $7.3k resistance looks so funny, people talk about resistances like they are there to stay and never could be broken, but the reality is whenever we try to break a resistance, the wall itself drops without us working too much because people remove their orders and we move beyond it very easily, so they put a new resistance and when we go up we break that easily as well.

Yes, hopefully this pump will continue and if it is true that prices continue to rise, then the decline so far proves not to be entirely due to the worsening world economy and about the pandemic itself. If the season returns during a pandemic like this, of course, this market will make noise because there will be more and more people coming and competing to make a profit during this time of global crisis.

I am critically observing too. The price has been going up in few days is the halving effect taking place already?but I don't think we can hit bull run so quick. The pump I see now is not really reliable. Haven't we received pumps like this late last year and it was just bubbles. To be sincere, we need to see the bull run to have the real noise of bitcoin in the market and even beyond.it's been a while I enjoyed bitcoin as the cool money it is meehn!.

many people say bitcoin will fall to $ 4k but this is the fact that bitcoin is able to fight strongly and almost towards $ 8k and prove that bitcoin is able to place its position in a pandemic as one of the investments worthy of now.

Let's see how much this will affect the future of it. Right now we are in the middle of a pandemic, the longer this goes the more bitcoin and all of economy will be affected, however there are many talks about how this summer we will have barely any of this, and we will basically be out and living like we used to with maybe just a bit more care.

That means you are going to have the economy back on track very soon if things go our way, on top of that we are going to have halving as well, which would probably help bitcoin, even if not right away it will definitely have a good affect in the next 10 to 12 months. All of which combined would basically mean the year 2021 will be the year bitcoin breaks ATH again. At least that is what the market points at right now.

in any case, the forecast that, in anticipation of the next halving, bitcoin will start to rise in price, turned out to be correct.  In addition, as always, for the price increase, Bitcoin revived the cryptocurrency market in terms of rating and popular cryptocurrencies, because most of the cryptocurrencies are still in a state of sleep.  Even despite the crisis due to the coronavirus pandemic, apparently Bitcoin halving has a special effect on cryptocurrency users and investors.