Bitcoin Forum

Bitcoin is officialy back to $10 000 again. Right before the halving it seems. Last time Bitcoin was over $10k was back in February this year as recorded by Coinmarketcap.

https://i.imgur.com/19LC4iI.png

But $10k BTC was short lived.

The Coronavirus pandemic sure played it's part in bringing the price back down.


Bitcoin seems to be very resilient and it did not took much time for it to bounce back to $10k.
3 months later, it's back where it was.

https://i.imgur.com/rr1tlgE.png


Also, check this crazy Sell order on Binance at $10 000 mark of 883 BTC, which translates to nearly $9M. While it did hit $10 000, it did not break it, yet.

https://i.imgur.com/2cqyn8a.png


Next up is halving which everybody is excited about.
What are your expectations?

PS. Just broke it as I'm writing this

Holy crap! That's very awesome news, a few months back I bought half a BTC at 10k, I knew it wasn't going to be long to recover, but damm this is definitely sooner than anticipated.

It isn't surprising as the halving time is only a few days left. We can see that investors are very enthusiastic to buy Bitcoin. As a high demand in the market, the price can continue to rise up. Except if most investors are starting to secure the profits and satisfied with the current price, then probably the price decrease gradually.  

Looks like it didn't have the momentum to follow through in a strong way, it's back until $10k now but is still testing the resistance regularly.

I'd like to see a strong break over $10,100, then we'd probably see it spike up to around $10,800 and get rejected at $11k.

Either way, a small pump is usual before the halving, don't get greedy because a significant dump usually comes straight after (before another massive pump again).

I'll be long at $10.1 and short at $10.8.

Bitcoin price in almost all exchanges are +$10k right now but it is still lagging between $9990-$10,010.
It is great to see 5 digits again and especially before the halving  :)

Some discussions in speculation sections are saying that this grow might be the end of bear market. I don't really expecting this to break all-time high but beating all-year high is a possibility. This might be a profit point from some investors so we will see if this price will last long enough or not.

Bitcoin has moved to its very interesting phase. The ride of bitcoin makes people who feared and cashed out or got liquidation at prices below $4k during the pandemic effects and announcement of WHO will deeply regret for what they easily lost.

I am waiting patiently for it crashes especially flash crashes in coming days. It is a time of FOMO but experienced traders will never use high leverage tradings at the moment. Unfortunately, there are many types of traders on the market, and newbies tend to use as high leverage tradings as possible. Then they will get sucked.

To The Moooooon!!!!!!!!!
On serious note tho, i dont see any new ATH soon. It needs time, it needs years so it will be short rollercoaster by me ;).
Enjoy while you can tho and its a heven for day traders for sure.

I'm not surprised by the sudden pump to $10,000. I mean this is to be expected because of the 'news' about the block halving. And I'm sure this is the mental goal of others here, to see Bitcoin getting into that 5 digits again before the halving. But what more interesting is how it is going to hold after the halving. Can it sustained it run a few days after or will there be a massive dump because everyone wanted to take profit at a side? The price increase doesn't seems to be organic, yes there is FOMO and sell the block halving news. So the anticipated part is how it will do post-halving.

thanks, a short order is opened :)

I knew that it was going to go back to 10k, I was saving my bitcoin until it reaches that cap even if that rise is midway I do not care because I haven't invested a lot of cash when I first bought it so an increase in two-folds in my investment is not that bad.

I think Bitcoin is starting to grow well, and many are waiting for a sharp price volatility to buy again!!But I do not know if the forecast is correct ;D
Most crypto investors are very much waiting for the effect of halving,And it remains an important event in influencing the price of bitcoin :-*

The huge dip during the pandemic was just a cover up as If Bitcoin was greatly affected by the corona virus. IMO, the whales manipulated the market and took advantage of the pandemic. Look at how strong Bitcoin's recovery.

I will be expecting a short pull back once Bitcoin hit the $10,000 mark again. After the halving, Bitcoin will surely skyrocket and If we'll going to have a good run, Bitcoin might hit another ATH.

My wallet is ready :D

you mean all year high is now?because this year  the highest price is almost
11k$ meaning we only need to Hit 11,000 and thats
 all?i believe we can pass even the highest price of 2019 in which 14,000
because we are in halving month now and this year
 will be a record holding again(i wish it will) though the expectations died
just in past hour when the price falls down to 9k
level again like now we are at 9,800 specifically.

Everybody is expecting it as there are only a few days before the halving. Everyone is expecting it to go up more once halvong is done. Good thing I have filled my wallet with some BTC when it dipped during the 1st part of the Pandemic. Atleast here is one good new amidst the lockdown and pandemic.

It is expected that bitcoin will hit $10,000 because of halving just couple of days but it won't be sure it will stay in that position and it will drop a little when halving commence then it will it hit hard going up again and expect bull run will be definite. We can now agree that it will be good sign that bitcoin will now show its dominance despite the pandemic we are facing right now.

Market is really moving as the halving is approaching. People who buy bitcoin as early as they can will surely benefit from this growth in price, because the demand in the market is consistently increasing. Never become contented about the price because there is always something more about the bitcoin's price. It's volatility can make it increase and increase its price than you imagine so it is not a good choice to stop on that certain price, always look forward for more profit. Secure your coins and most of the investors are losing money because of greed, you shouldn't do that. Always look for a possible and good outcome with just proper manipulating and investing of money. Too much greed is really bad and just let bitcoin do it itself.

I think it will continue to go higher and will prove that even with this pandemic, it has no effect to bitcoin at all,

It is also expected by most bitcoin holders that bitcoin will go to the moon because this is the same thing that happened on the previous halving, for sure, history will only repeat itself and we will experience another all-time high again.

Damn it.I don't have enough Bitcoins right now and I don't wanna buy BTC because I don't want to put my fiat savings at risk.I'm not happy about this,but I wish more people could join the FOMO and get some sweet profits.I don't see any positive news about the COID-19 pandemic,so I guess that the upcoming BTC halving is the only reason for this price increase.I don't expect this bullish trend to continue.After the halving, the price might start going down to 8-9K USD again.

I know we all expect this to happen, especially right now that the bitcoin halving is closer. Its price might actually go higher than our expectation but it will take a while as a couple of months or so. I wasn't able to save enough bitcoin until the long-awaited event. But still, this is the best experience that we were about to feel.

As of typing this reply, it just went back around 9.8k.
It is still a soft breach so we can't expect it to go higher that easily.
Like halving is about to approach now, this is to be somehow expected.
The pandemic as well as the halving kinda affects the price right now. Maybe we could've expected higher in the price if the virus didn't hit the world really hard.

Welcome back $10000 it's been two months when the last time we have seen that price of the bitcoin and now we are seeing it again because of the halving.The price of the bitcoin is increasing continuously because of this bitcoinbhalhing image for one one day from $9000 it goes up to $10000 which is $1000 difference that is so big for only one day, so I think this bitcoin halving would be really great to all of us because it could goes up and up because this is just a start of this halving.

But always be careful for all the traders out there because the price is still going up and down, just still be wise and do proper observation when trading.

The chance of getting higher value is still possible if the economy begins to recover back, as of now the virus continues to spread and those countries which are affected do experienced bad economy.
There's still potentials that we will see more good momentum if investors start to work around inside this industry and more new investment start to flow around.

That's a lot of sell order.  ;D
Why 10k, is that their ROI already. Maybe, but they could have gone for more.  :D

There are services now which are opening and some businesses are already starting to go back but still with social distancing and just the right amount of employees to enter.

I think that positive thing is also reacting the financial industry. Although it is still a question into why bitcoin is also reacting up.
Is it really the halving or this is just a normal movement.
Do people really have the capability to buy bitcoin now at this pandemic?

This is a great season to all of us, I think this bitcoin halving would be really great because as I have read on many posts here in this forum, there are many speculations about what this bitcoin halving could reach for this year. $10000 is already a big amount of money and as we all know this bitcoin halving just only started, I am curious about what is the highest amount that this bitcoin can be. There are still times that bitcoin goes down a little so still, be careful when trading and investing.
Well said mate, it is logging from that kind of amount but the $10000 has started only this day so it can increase more for another day, hoping that it would go higher than $13000 way ack the month of February.

Bitcoin has to breach the 10k mark before halving but there is a strong resistance at $9800. As soon as it hit 10k it took a steep dive downwards and now it is trading below it. I am sure within the next 24 hours it will again break the 10k barrier and hold there till the halving ends. I expect it to be between the price range of 10k to 11k.

Might as well add more Bitcoin and other alts to your wallet, that for sure when time comes you'll be able to provide your retirement plan as early as you can lol.
This time, just dont aim for lambo, aim for something bigger than just lambo, Bitcoin has a lot to offer more than that.



That seems kinda normal, since short traders will going to take advantage upon breaking the resistance level. Plus, hot hands who quickly sells when Bitcoin reaches new heights are also adding to the volume. However, everyone is confident about the price run of Bitcoin today. There's a very huge chance to hit and go beyond $10,000 level before the halving takes place.

I am not surprised that bitcoin can return to the price of $ 10k again, because it is almost halving that make many investors buy bitcoin.
Now bitcoin correction to the price of $ 9800, but this is normal to be able to move up to the next target at the price of $ 12k. My suggestion
is now better to hold the bitcoin we have, and we can enjoy the profit after halving happens. I can't wait for the halving to happen in a few
days, hopefully bitcoin can go up according to our expectations.

I'm all for Bitcoin but, I've stopped collecting alts since they don't really serve much usefulness to me (I gamble mainly with BTC) and their price patterns pretty much follow BTC too.

Targeting a Lambo is like a dream for many including myself, but I do have other things in mind to possess ;)

Yesterday, Blockfolio put the price of Bitcoin at $12,049 from its Binance stream. I was happy with that until I checked the coinmarket site and found it lower. What could have caused that difference in price, I do not know.

Yes, great news!! After couple of years that brought losses we are all keeping our fingers on the pulse nowadays)) this morning brought good news)) the position 10k was pleasant to see)) despite it fallen a little down now, but the price is really better comparing with previous years) hope this year will be more profitable))))

2020 Marh - April was the time of highest volatility for Bitcoin. Although, Bitcoin wasn't at $10,000 for a long time, it proves that the crypto is extremely bullish right before halving.

How many days left for halving ?

i got 44 bitcoins in my account, i invested them when bitcoin was 3000$

i`m waiting for 12k$ price

my target to make 1M$ , but i think its not possible so i will cashout my all bitcoins when it will hit 12k$

It depends on which exchange you are at I guess but the one I was using only showed Bitcoin at 9,950. Actually I saw a lot of orders priced at 10,000 and above but nobody took enough orders so more and more cheaper ones came on.

We are there but like you said only short lived.

Halvinv this must be expected from most of bitcoin traders, I really hope that this up trend will continue up until halving is done.

Halving should happen in about 3 days from now.
As per coinmarketcap counter says ( https://coinmarketcap.com/halving/bitcoin/)

You got a chunky profit already waiting to be cashed out congrats on your succesful investment.

Halving at 12 May 2020 01:09:41 UTC, estimated.

You can keep track of it @ https://www.bitcoinblockhalf.com/

Good to see that the price of the bitcoin becomes fully recover and this is quite good news because many people now have seen the potential of this coin to make a lot of earnings and income. We are going to look back the price of the bitcoin already fall on the start of the month of March this time we see the full market dip of the coin reaches for over 3.6k dollars and many people see the potential of this coin to make more passive income and profit so they bought a lot of coins during the recovery of the market price of the coin on April we saw a huge market price promotes back the world of cryptocurrency which good news on us because if the market will become declined every time it takes again a lot of days and months before the market coin increase. By the halving is coming to the bitcoin fully recovered on its loss of volume. Now we are here at the top of 10k dollars and still, the halving is near as a conclusion we can now see the future of the bitcoin hits for over 14k dollars and we are waiting on this when the halving is coming this is a huge profit we must need to grab to have a huge market income.

Bitcoin did not stayed longer over 10,000$ and it reached Max. 10,080 on Kraken. It quickly moved down again to its support level of 9800$. For short term, bitcoin may cross 10K once or twice before the halving and then we may see a 20% correction in bitcoin price soon after the halving.

In coinmarketcap, the highest that it reached is $9,996.74 USD.

One thing more is that yes in some exchanges it reached 10,000 but it didn't last for long because it acted as a psychological support for some investors and probably they sold some of their holdings. Either way, I'm happy that it reached that price and as the halving comes near I'm pretty sure that 5 digit price is reachable but a dump after the halving is imminent so just be ready if you are a short time trader of Bitcoin.

Halving effect make bitcoin popped to $10,000 and will be two days later for halving can break bitcoin out $15,000 or keep lower price. Last higher price of bitcoin in 2017 and touch above $15,000 but will happen again for bitcoin break on higher price in this halving time?

It already starts to grow well a long time ago if you see the charts and it's value growth ever since it was traded on exchanges and listed in CMC. Bitcoin is always volatile because and it will never be stable just like what you think. It's correct that halving has and effect when it comes to the movement of value on Bitcoin and it is proven on charts.

Thank you soo much and am very happy that i make this money.

ok will wait for halving, i hope they will hit 15k$ :D

which website is good for convert my BTC to USD instantly? i want to stop my funds in USD when it will reach to 12k$

It will hit $15k, no need to worry. But you need to have patience because we don't know when the price can be at $15k. While the price does not yet reach $11k, we can buy more bitcoin at this time, especially this day, bitcoin price is back to the lower price. But there is no guarantee for bitcoin price to stay at a price now or it will go down for more. We need to analyze by ourselves, so we know when to buy more bitcoin, and we can buy bitcoin at a low price.

Although the trend now is going up, the price itself does not move fast this day, so it could be another correction that will happen later. That is why we need to always check at the market to know what is happen with the market before we buy.

       Bitcoin shows once again that it is a miracle on the crypto market and has given another slap to those people who do not trust Bitcoin. Bitcoin was expected to decline with the onset of the COVID19 pandemic19. The whales sold then, took advantage of the pandemic situation and knew they would invest again, just before halving. However, I regret that I did not invest in BTC when the price was somewhere around 4k dollars because I would have made a very good profit now. I hope to have the opportunity in the future to take advantage of certain situations.

Expecting that the bull run will be earlier than we're expecting by next year. We are comparing the season of 2016-2017 to 2020-2021 which both years halving happened.
If bitcoin will start hitting $15,000 there will be serious pull backs like what we've seen last year when it's able to reach $13,000. But if it will break $15,000 then it's a serious case by that time and we're all talking about moon, lambos and bulls.

It's good to see Bitcoin going up and touching 10k$ barrier. May it cross its ATH of 19k$. I suggest to be a bit wiser this time and don't go for panic buying at this price. I know FOMO is driving most of us to buy due to halving speculations. But let the price settle somewhere, otherwise we may be struck at a high price.

The $10k run was rejected, we barely touch it and then went back to $9800-$9900 levels, which means that we are not ready for this price. But I will be very cautious once we hit that number again. We shouldn't talk about reaching X price for now. Remember that 2012 and 2016 halving was followed by an average of 10%-40% decline. So don't get too excited by the five digits, it might followed by a decline, just saying.

I was asleep when the bitcoin reaches 10k dollars peak.

Yeah agree, we must always check the market if the bitcoin will go through $15,000 if not then maybe better hold before it reaches down to $10,000 peak again.

Yeah, it'll give a massive loss if you panic buy at $9k peak, the bitcoin doesn't give any sign that it will surpass the ATH.

Just be ready all the time because it can come quickly and also might be followed by a rapid correction.

It will be there and only time will tell. Things happened quickly, I remember that a few days ago we're just on $7k then it's followed by $8k then here we go. FOMO for the sake of halving.

Everyone is saying that the Price is going to increase after bitcoins halving and also they are betting on more than double or triple the current price but that is highly not going to happen. You can check previous historic price movements after block reward halving. The Price increments weren't sudden after block reward halving. They were gradual process taking time and even the Price fell shortly after the reward halving.

The dump will definitely happen and it has been set by Whales as the owner of a bigger capital.

Whales has an important role in manipulating the market. After Halving is finished, you must remain vigilant and don't buy at high prices. Selling and taking profits before Halving has a good decision. FOMO is now successfully making Bitcoin back towards the price of $ 10,000 but side effects will definitely occur. Just waiting for the time, where will Bitcoin go.

All of us who are involved in cryptocurrency expect and believe that very soon the price of Bitcoin will be more than 10 thousand dollars. In the long run, it could be as close to 20,000 as in 2018. However, most investors are reluctant to sell in the hope of making a profit as soon as the price rises a little, in the name of price collapse. I think we should all take note of this.

Bitcoin seems to be rejecting $10k at this time.
Everytime it breaks $10k, pulls straight back below.

Hold on tight for a while because bitcoin is going down for a while. It's your chance to prepare your money to buy bitcoin but don't be rush because we don't know how deep bitcoin price will go down. Analyze first before you buy, be patient will help you to get the time to enter the market. But we hope that it is just only another little correction before the halving.

For the last few days it seemed that Bitcoin is heading towards 10000$ rather fast. However, now it pulled back a bit.
I wouldn't make drama out of it, it's kind of expected and it the upcoming period price will probably continue to fluctuate. 10000$ resistance barier obviously isn't so easy to break. Still, it's possible but it takes time.

If bitcoin is pulled back hard, it will drop back to $9k but if it is boosted and breaks $10k, I believe it will head towards $13k range before dumping again. I don't feel shocked if bitcoin will be boosted to $13k range in next one or two weeks. A reminder for traders, it is not a time for margin tradings with high leverages. Don't be too greedy and lose all your profits that you have earned temporarily on table with the ride of bitcoin. Taking care and save your profits should be a first priority at the moment.

A little pull back at the moment, with just a few days to the bitcoin halving, we should see some bullish momentum. Since not much rally before the halving, I am pretty optimistic we will see much more after the halving,the amount of dumping by miners will obviously fall and encourage some price action

almost everyone thinks that the price of bitcoin will rise even higher. however, now it seems that many people are quite disappointed with the achievement of prices after $ 10k. however, at this time the worst possibility is that we start halving with prices under $ 10k. there is still 1 day 18 hours since I wrote this before halving. I hope the price will pump again soon.

Disappointments come when you put too high expectations. Yes, it did hit $10k, but it is too much for some traders that's why they sell-off to take some profits at the side. And what is wrong when post-halving price is ~$10k though? It doesn't change the narrative that bitcoin is still a good leverage or investment? So we have to wait and see what will happen post-halving, we might see a decline, but we shouldn't be affected, let bitcoin ecosystem takes its course.

not a small full back because yesterday the price made another fall of more than 11% from 10,000usd to 8,700usd and this is bad indication while we are few days before halving.
There is a problem why thinks that below 10k is disappointment ?though this is halving time yet the price is enough to be contented as i know there will me a little by little growth until we reach another Hype.

I was happy seeing this gain on 7 of May 2020 only to wake up this morning to see another heavy lose of above 12% within 24 hours. It seems some one or one of the big whales plays smartness on others.

Bitcoin price is $8,745 right now. It is expected and big whales move in the same direction, they bought bitcoin to drove the price up and whenever it is high enough they will sell and collect precious gains then the cycle will start again after a while. Actually normal traders and noobie enthousiaste are those who lose their money not big whales.

12% increase and 15% decrease is very interesting, as experts say in 2017,
Bitcoin is a bubble that may still be valid, $ 10,000 and drops back to $ 8600

Corrections happen in basically all financial world, it is not new and it is not for the first time in bitcoin neither. Just check before pandemic and what happened. I can literally give you the dates as well. On February 13th the price of bitcoin was around 10.3k and that was the yearly high as well, on march 7 the price was 9.1k instead, now that is not the big fall because of the pandemic that happened a week later when it dropped under 5k which was basically half of what it was in a week.

Bitcoin literally had similar correction before the pandemic, which was literally only 2 months ago, we are doing the same thing once again. Unless something like another pandemic is waiting for us in another week I think we are going to be better very soon.

As of now, I wouldn't call bitcoin a bubble, we're still in the 4 digit, I'm sure you have seen the what happened in 2017 started that year ~$1k then reach all time high in December @$19k that is a bubble.

Although we have completed the halving, it seems that we're still in the momentum so we may reclaim $10k soon, before the end of this month.

We should stop using the bubble thing when we discuss Bitcoin we are past that issue five years ago, if it's a bubble it should burst at the current condition in this pandemic, let's just focus on the supply and demand and adoption of the project and where Bitcoin is heading.

$9500-$9600 as I type this reply.

So I'm still optimistic that we are going to hit $10k very soon. I think whatever you call it, bubble or something, bitcoin price is cyclical, we hit some ceiling before going down again. It's just the nature of it, the good thing is that we still have a lot of leg room to see the price going into another bubble, it might take years again before we can finally see that all-time-high again.

10k is a strong level with huge resistance.
I think that if we are going to reach it again the price is going to be dropped again as there would be a lot of people who would like to hold even if the halving event is already over.

10k is just a round number, it slides off the tongue and its easy reference but its the areas around it which are important and for different reasons.   So yea 10050 to 10500 is important because it relates to Feb pricing and prior historical levels but the big thing I'm watching for is a higher high, we've had two in a row and its a match to a positive trend.   If we can get a 3rd new high after the March bottom then I have to forget being negative on BTC especially, its doing well to continue to ring the bell regularly like that.
   Its not the flip to five figures that matters exactly just the significance within a pattern imo, a chart always makes this clearer but I cant post one just this minute.

Few days after the halving people are looking on the market, everyone is hoping that we finally reach the $10k level and from there never look back, but it will still take several months before we feel the effect of the halving, the market will still go down and up and correct itself but it will eventually rally for another all-time high.

I'm not sure If Bitcoin is able to hit another ATH for atleast the next 2 years. I will be surprised If bullrun will begin this year and hit new ATH in 2021. Base on the market movements today, It seems that Bitcoin is struggling to hit the 5 digit figure again this time since February. Though we're close to hitting it, but a slight pull back is depriving to break that level.
Anyway, there's a rumor about the traders growing interest in altcoin. That will be a good news in crypto space that could pump the market cap anytime soon.

Like halving event 2017 ago, when bitcoin price wasn't up as many trader desired the alt season came and make most of altcoin price went up. Interesting to see ETH price at that time, ETH price was increasing a lot until reach $1500 and yeah I got a lot of profit of it.

Just hoping that the situation will be happen again for the current halving event. I bought some ETH and still holding them, so as I can sell them when alt season comes. I feel it is reasonable to happen, since we just know that bitcoin hasn't up drastically. 

I just looked at the price now and it looks like it is going to hit the 5 digit price again but I don't know if it would try to break another price resistance or is it just going to touch that $10k then back to the casual $8k to $9k figure for a week. It seems like someone is trying to drive the price due to the halving—I hope most newbies won't fall for the trap that is mostly going to happen as I suspected. It's not the right time for the bull market now, don't fall for it.

Do you think the current bitcoin rally will able to cross 10,000$ ? Yesterday, it made a high of 9947$ at kraken but was not able to cross 10,000$.
As per many experts, as long as bitcoin is below 10,000$, we are in a bearish trend.

The price is moving on the 5 digits again, so it's possible that in the next coming days we might hit $10,000. But as we can see in the previous attempts, pre-halving, it is rejected, so it's a big barrier to break. Short term indicators though looks like we are in a bullish trend, but midterm? it is a different story, we might see the price holding around $9500-$9600.

But we did not saw any Bullish momentum mate instead at the day of
 halving there are no changes as if nothing happens
 in the event.though after few days price slightly move up and not standing
at $9,500 and this stable price might last long before
 we finally cross 10,000 and really starts bulllrun because the Virus still burning
 the market to Bloodiness .don't lose hope guys we
can make it to the top within the year and the next.

This is a good holding price, though  bitcoin failed to pump to $10,000 yet, I am sure it will again pump soon.
Anyway, things are looking good now, bitcoin being able to stay above $9K is a good price and if we will a good support at this level, $10,000 will be easy to achieve.

People expected from bitcoin, a big pump But it get dumped again after halving, when the price of bitcoin should be pump as like year 2017. Currently support is at around $8000 & resistance is at around 10300. probably we can expected to a big pump after Epidemic

Hopefully Bitcoin can reach above $ 10,000 and last a few months,
because if Bitcoin can be $ 10,000 and Bitcoin dominance decreases, you know the meaning. Altcoin Season  ;D

In the mid to long term, bitcoin will be in a bull trend. The reason for this is the halving. As we have seen after previous halving, bitcoin always break its all time high. With this in mind, everyone has one hope that bitcoin will break its all time high in next 1.5 - 2 years.

The market is becoming a lateralization, but seeing the price so close to $ 10k and seeing trends heading, the halving effect is likely to help enter the range, in the long run it will come and go. will exceed $ 10k. Right now it can hit $ 10k again as it's a psychological range that investors accept. And possibly the effect that Hashrate has dropped by 36% everything is still showing in a very positive environment, here you can see some of it: https://www.newsbtc.com/2020/05/15/bitcoin-hashrate-drops-a-massive-36-since-may-12-halving-what-does-it-show/

 

I made this post just before the halving when BTC hit $10K but it didn't hold for long.

Now, one month later, we are back in business.

If bitcoin remains above $10,000 for the next few months, green will appear for most altcoins. I think it is not only $10,000 but also can very quickly surpass the next resistance levels because bitcoin has been steadily growing for a long time.

currently, the price of bitcoin is again above $ 10k, it's just that we need to see developments that can occur further. we do not know whether the current prices will last and continue to rise, or there will be a dump again like previous achievements. however, I assume that higher price increases will occur until the end of the year. maybe the halving effect is starting to show.

I wonder if the ongoing volatility generally is causing a bullish run on BTC, its possible we have 3 different fronts in that respect and more possible.    Its strong action but alot more work to get through prior volume and so resistance overhead.

https://talkimg.com/images/2023/06/12/A5Y2b.png

Thats my view of prior pricing and levels ongoing that may settle daily close.   The bigger note is that it starts to ruin the negative bearish trend that was being taken as still in play, I think its quite flimsy at the moment though I'd say neutral is my general take.

Again it pumped an 10k level and now at $10,117 https://coinmarketcap.com/currencies/bitcoin/

so at any chance we are in Bull run now?

the Pandemic is now losing effect and economy are starting to progress now,maybe in a month or 2 we will find the Halving effect already?


we need to see this stay long now,because all those recent 10k leveling did not stay longer just a day or 2 and fell down to 9k again.

It has broken the psychological thing and above 10k is a very big thing considering in last few weeks it was hovering below 10k levels only and now we need to see if it can sustain anything above 10000$ mark in coming few days and weeks then we can see some good rally in the btc and also a good time for people to stay invested for the larger gains.

And we are back to $10,000... ;D. .what a wonderful day for us, hopefully this is not just a fake pump and then it will go back eventually.

Maybe we should thank Trump then.

https://cointelegraph.com/news/bitcoin-price-surges-to-10-380-as-trump-threatens-military-crackdown

Looks like the new bitcoin pumper is Trump, I'm wondering if he is secretly investing on bitcoin?

The last time bitcoin pumped IIRC was due to this comment.

Donald Trump Just ‘Advertised’ Bitcoin After Fed Creates $6 Trillion (https://cointelegraph.com/news/donald-trump-just-advertised-bitcoin-after-fed-creates-6-trillion)

For the first quote, I don't see why relating Trump's stupidity to the rise of the bitcoin or altcoins prices. It doesn't make sense.
For the stability of the price above $10k, yea it is a must if we need to no longer have 4 digits ;)

I really love it when people are expecting bitcoin to go down and it shows them how powerful it is. Remember that topic which talked about bitcoin going down to 3k? Even 2k? Where is it right now?

I haven't seen it in the first page honestly, probably went under and not getting any attention anymore. Why? Because that was the thing back then, people were thinking bitcoin would be going down but it didn't and now people know that topic was wrong and now at the first page there is a million topics about bitcoin being 10k, that is the thing about bitcoin and its people, when they are wrong they just move on to the next topic and next target and forget about how much wrong there was in the last one. If we do not learn from the old ways, we are not going to look at the future better neither.

It seems that it didn't last for long, price pulled back below 10000$ again. Although it looked that Bitcoin price crossed this barrier both in real and psichologiical way probably we are at the begininig again.
And no, Trump doesn't have anything to do with recent price rise, don't be ridiculous. It's funny how people come to the most silly reasons to.explain Bitcoin price growth.

Who did this new pump? Have to throw this to whales? Have some investors do the withdrawals or purely a trap?
We did a great pump in just a few hours but that was also a speed of light turning it back to pullback. This is the case that most people worried about in putting their money in a tricky market without knowing whether it goes up or down.

It looks like that market seems so volatile at this time. I can't imagine how newcomers could adjust the market if the situation will show like this and it possible that most of them will tend to quit.

https://lh3.googleusercontent.com/proxy/i6icYXpQjI2IK54KLjVVKh06cx4nes66DjrigYNCaE1khKl02IACS2R_zUeaoL5TJ1XbkSiVyHqi_11n08b8keHaKcIRPr7bXp_2x_QcBqX76dspLVXuQVSkA0s0Tu6QpW1GheQewbkR2D4OwTsHmgmHKjADzpgh2lRx_Q
Yeah new comers aren't as lucky as early adopters. I joined bitcoin officially in 2015 although hearing about it earlier than that. The price back then was $350 on average, I remember $500 then sudden crash to $200, people panic selling, bitcoin is doomed and all these shitty story. Back then $500 was great and didn't expect to see +1k or else maybe I would invest more. When the price passed $3k I was like why I didn't invest more, I kept saying the same thing over and over when the price crossed $5k, $10k, $13k and you know everyone is crying why we didn't sell at +$18k and bought again when it was <$5k.
Until now the unluckiest guys are those who bought at +$11k then sell it with lower price. Those who HODL their moneh still have the chance to get a trip in the moon in the future  ;)

It is just took a moment and bitcoin price back to $9500 before its price slumped down to $8500 based on Bitmex exchange and I think the privious pump was a fake pump.

There is an article which is loaded in cointelegraph and shere three reason why bitcoin price slumped down in 15 minutes, you can check here https://cointelegraph.com/news/3-main-reasons-bitcoin-price-plummeted-14-in-15-minutes-to-8-600

Now its price is being traded like a few days ago, I hope there is a good news comes back again and make bitcoin price passed the $10000 barrier and we will see the real bull run comes.

It did happen but it did not last at all.

Right now we are at $9.5K, and I think it could go lower since we are now seeing some places getting better in this pandemic and that also means people needing money after months of quarantine in their houses so I am expecting people selling some and then there is also the recession. Expecting price lower than $6K? What do you think guys?

Because we have no choice lol,as if we will going to sell in this falling days?i wonder how many of us make a profit because last couple of weeks Bitcoin seats at $8000 level while this week it grows up to more that 410,000.


actually the next target is $10,500 ,this is the strong resistance that we cannot break this whole half year of Bitcoin movement.

and also why need to bother now when we are assured of hitting another high again in the next days or week.

Unlikely to happen but its not impossible yet we know on how crypto market moves which is very unpredictable which it could crash in a blink of an eye without even knowing the actual reason or lets say theres no specific
issues or  worldwide events and this had already happen in the past for many times.So it wont really be that surprising if it do move on that way on next hour or days etc...
On the recent movement in the price then i do really thought which is already the start of the new bull run since we able to break out that 5 digit price and usually this is always the movement just like what happened in 2017
but now we are seeing again which the price had tanked which is better rather than crashing again back to 8k or lower.

People start talking about assured higher prices and we're already sitting next to 10k which is high as hell for BTC in my long term view, then I get to wondering if we are complacent and due to pull back from excessive expectations in the price.

Right this moment we are positive and above weekly momentum though its in a pullback for a couple days.   So long as it can hold about 9500 area then perhaps another run at higher pricing there but nothing is for certain imo.

Assurance for a short period of time was never a word in crypto space lol. Assurance means holding Bitcoin for a long period of time, making sure it'll hit your desired target in a few years now.
And I also consider $8,000-$10,000 level as a higher price since 2018.



As long as it's holding in a $9,000 region, then I too will be expecting a good run.
But, as I've noticed this pull back was normal after breaking the resistance level which everyone is longing for. This happens almost everytime Bitcoin hitting resistance figures.

Hmmmm... did not see the price dump below $9k, maybe I was asleep at that time, but good thing it's back to $9600 now, which is a good sign as of lately, bitcoin when dumped, it recovers quickly, that's the recipe for survival and success in the future.

We only wait because we don't want to try to trade. If we're going to try to trade, I think we don't have to just wait, but we try to make a profit from trading. I don't know how many of us already make a profit from bitcoin so far because they don't tell us lol.


We already hit $10,100 before so to increase to $10,500 will not be too difficult. But to raise more than $11k will need more days, and maybe we need more than a month to see that price. We should not be desperate to see the up and down of the price because that will be our chance to buy low and sell high but with cautious.

Right, there is strong support around $9500, so we're glad to see that the price didn't go down that much after breaching $10k a few days ago. I guess people are still "embroidered" on that 5 digits and they want it to see BTC hitting that again and staying for good. But it is that the case, if will continue to go for another bumpy ride to be able to reach $10k or even higher targets.

And unless there's no news to FOMO, It will be very difficult to hit that $10k without correction along the way. Next target should be $9900 at least.

More good news gotta happen to push things up to over the 10K barrier. How I missed the pump craze.

It all depends on how much revenge the long futures people want to get. Right now, there is not that many short futures going on, people do not think that price will go down and that is why it is not making any profits for the long futures people. They will probably wait and wait and wait until one day short futures are so much that everyone expects the price to drop, they will even let it drop meanwhile as well, just as all the shorts come online and make an order, long futures people will take the revenge of this and attack to increase the price a lot in a big rush. That way they could make up the amount loss during this period as well.

It is not really easy task and it requires a ton of patience and a ton of money to achieve it but they totally can do it if they have the ability for it.

The overall trending is positive after the short drop. The bitcoin price right now is $9793 / +1.9%. If it didn't jump to 5 digits in the next 24 hours then I am expecting it to stick in $9k for a while.

If we are going to see anther pump to $10,000, then hopefully it will not dump again.
We've seen some light, when it popped up to $10,000 but that was just an instant one, and the scary part is it dropped, but bitcoin is strong and it bounce back immediately, now, we are witnessing as bitcoin try to break some barriers again, hopefully it will succeed. 

Lol, I'm sure you are not the only one who witnessed the bull run in 2017 and hoping to see some wild and crazy pump today. But I doubt that we will see it as there are no FOMO. And it thought us a big lesson, those sudden surge really put bitcoin into a bubble, and what follows next is a catastrophic bearish trend.

So it's good to see that the price is somewhat steady closing that five digits so that it looks like an organic spike. And again there is the question of sustainability. So we need more patience here.

it was not instant because the value didnt reach 10k usd in just a blink of the eye but it was close to being an instant because the pump occur so fast that the op use the term pop out  . i havent look at the value of btc today but the value did drop again ?  like you guys  i was also hopping for another 10k usd pump because i missed the 10k usd pump that occur last time . if only we can choose a time when that pump will occur because we poor guys dont also have btc all the time .

The March low recovery trend up is forming the recent lows, its up or nothing now.   The 200 day average is neutral, its like a flat line now, no real indicator from direction just neutral but its lying further below near 8000 and I still think that area is possible.      Its coming down to a crunch, popped upto 10k but we arent moving past this area just playing around it so pop up can lead to move down and surprise some people.   

https://talkimg.com/images/2023/06/12/A5NY1.png

If it dont hold these lows its not a small sell, it should be a larger move probably.   So just under 9000 theres the yearly average and thats been a good ledge for the price but while its gone sideways we hit this trend hence I form my conclusion the decision is forced up or down.   If it keeps going sideways somehow its going to irritate me :p  because it should actually be doing something new round about now.