Bitcoin Forum

After the halving the price of BTC has increased now from the past few hours is this a bull effect??? I think big business fortunes are buying more BTC now because the entire global market has been crashed right now so they filling the bags by buying BTC and making it demand..

This crypto market is always been a twist, to be it seems like the price might reach $12k in couple of weeks. Guys share your thoughts.

It's too early to say, really. You could easily say that we're already in a bull market but we could equally easily crash harder next week, losing every price increase we had in the past few months. To sum it up, it's very easy to feel bullish due to the price increase but it could easily easily go the other way. In the end, as always, no one knows so always hedge your bets and invest cautiously.

Although you just speculated the price of Bitcoin but let me say this: nobody has ever said or.speculated the price of Bitcoin and get it 100%, due to this fact I just believe on everyday bitcoin price and not to speculate an hours ahead. The market is positive and there seems to be a good time with the bullish but nobody know the next action of this market, either to pump or to crash down again. We look forward for a better day ahead of Bitcoin market again.

Nah, Its not Bull effect but it is halving effect. And yet, it wasn't considered enough to say that we are on the bullish already.
Lately, we saw some pumps but have to warn the community to prepared for a market correction. Things will go in and out as usual.

It is more than that, it surprising. You can't tell its direction until you have experienced it. That is why everything went into just speculations coz we really don't know. And we don't need to push ourselves to believe that Bullrun will come quickly after halving because it is not like that.

a "pump" is a fake price rise that is the result of manipulation. so are you suggesting that this is a manipulation aka a fake rise? or are you just confused about the terminology?

haha. no that's not it. even if they wanted to buy bitcoin they would have done it when the price crashed or was crashing. this is just the recovery of that crash while price goes back to the price before the crash (that is the $12k+).

We don't have to analize the market anytime it goes up or down trying to understand the reason behind it, one thing is certain, anytime the price dip buy if you can afford to, from my little experience being in this space, btc has always find a way of recovering anytime the price dump given profit to those who buy at the dip,
If it dip, it won't stay down for too long and if it start rising don't expect it will continue like that, it is a circular.

Stop pushing every recent increase in price as a result of the halving. Even if there was any type of result that the halvings would bring, it wouldn't be that quick. It'd take close to half a year at least to see if the halvings actually had any effect on how the market moves. The market has pretty much shown a bullish trend so far but doesn't necessarily mean that it would continue. You can expect a bullish trend imo in the long term, but I don't have much to say in the short term since any movement is pretty much possible at this point. Additionally, this is just the recovery imo. If the economy of various countries does crash, then you can expect a bullish run since most investors know that gold and BTC are assets you can use to save your finance after all.

Some people has been confused with a lot of investment terminologies. A pump isn't a bull isn't a bullrun either, and a bullrun can't be a pump, base on your definition.
Anyway, it's still too early for the bull season. The block halving was just finished few days ago, and the trend of halving hype takes effect after a year passed from the halving. This price increase might just be a recovery from last week's decrease.

I think that's not the final and the full potential of bitcoin''s pump yet, it's just only a week since the third halving period. We just need to wait for more things to occur and I know that there's something more about the halving period, it is just too early to predict about the effect of halving.

Bull effect is literally another thing to bitcoin, we just need to focus on the stability of bitcoin and its sudden pump on what is the highest price that it can do. People should also be mindful and aware about the market so that when there's a market correction, people know what to do and perform just to become more effective in the effect of halving.

We all know that bitcoin is always volatile so we need to adjust and expect for more changes in the market and adapt on the events that can occur in bitcoin's halving.

IMO, It may seem like a bull run but no it isn't for it is still early this probably only the halving effect where big investors are trying to buy more Bitcoins for they are preparing for any possible scarcity on Bitcoin, or due to high fee of Bitcoin after Halving occur holders prefer to hold their Bitcoin. Though this is only speculation same as what you think about the bull effect however, we can't predict what will happen next until we have come to that point.

Consider this for the meantime as halving effect but rest assure there will be more changes in the upcoming weeks either the price will pump or it will crash which we all hope not to happen for it may ruin the Bitcoin market if things have failed. Anyway, I'm positive that Bitcoin will not crash because as of now we are seeing improvement in the market price of Bitcoin just after the halving.

It's a good theory.
Maybe they are trying to escape the loss of large amount of money and they will use crypto currencies as an escape goat.
It could happen. But what about next?
When everything calms down and everything is the right path again, are we going to lose its value once again?
I don't like to see that kind of future.
Should we also abuse that movement if ever we have facts to prove that it will happen?

Unfortunately, we are still at the $9k level, and it seems, the price hard to break $10k this month. But I believe that in the end, the bitcoin price will have the time to break $10k and the price will still increase and break another high price. But to go to that price, we need to enjoy the price move, and I think we can get a chance to buy low and sell high many times if we can analyze bitcoin price movements at the market. But be careful because no guarantee that bitcoin price will stay at the high price, and the chance for bitcoin price to get dump will be wide open. Stop trading whenever you feel that it is enough for you to take the profit and don't force yourself to follow the price because that will not always work for you.

Don't be too excited mate, this ain't the bull run. Somehow, you're telling a good thing. The world's economy isn't shaping good and that's why people look for a way to flee from this effect. Let's be positive however, don't be too quick in assumptions.

Just wait until the long term effect of halving takes effect. $12k is going to be just a full day of quick reach for bitcoin. And that's how it usually moves like how we see it most of the time, a normal quick rise which basically followed by a correction.

$ 15,000 can be achieved I'm sure, maybe at the end of the year the price of Bitcoin will try to go up,
for now I don't focus on Bitcoin, because Fomo is gone after halving, it's better to Altcoin

But that was worse if we'll go into altcoins since we know that these coins are just depending on Bitcoin. If that FOMO will start, I have no doubt that altcoins will dump also. I suggest to you, better to keep Bitcoin and if you are afraid of buying today because of that possible market correction, have to save it.
It for sure that the market won't rally that quickly. Bullrun ain't that possible but for that short period of time, never gonna make it.

Halving has almost nothing to do with the current price, unless you woke up after several months of sleep and you don't know that the price of BTC before the pandemic was above $9000. The fact that today we have only 900 new BTCs per day compared to 1800 before halving cannot instantly change the supply-demand ratios, nor has it happened.

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Do you really think they are buying right now? Well, two months ago, they had the opportunity to buy at 50% off, and the markets have done pretty well since then. If the big players were really buying in the open market, (which of course they don't do - OTC) then the price would be far higher than is the case today.

I do not see it as a pump in bitcoin price, pump is usually artificial and temporary, I see this as a bull run, or a simple increase if you ask me. Of course it is not enough and of course we want to see more of it, however the price staying still or going up after the halving worths a lot.

I feel like maybe the best case scenario we could have right now would be simply increasing over 10k and even more and that way we could maybe have a stepping stone that is higher, going above 10k would mean an increase would be towards 12k or more, a price of 8k means an increase would be to 10k, so there is a big difference on when you start an increase and starting at 10k would mean a lot nowadays. Of course what will happen with this lockdown situation will affect a lot as well.

Every little appreciation in value of bitcoin is often mistakenly referred to as a pump, while in reality, it could just be another normal daily/weekly price movement that happens every time. If it was a pump, we would see bitcoin tank back to $6000 or lower by now, but from the looks of it the value is still there while the volume remains essentially the same prior to the rise back to $9000.

And to the notion that rich dudes are buying right now, think again. They would have done so when the price sits @ $5000 and lower, though I'm sure that there are still some smart guys out there that managed to snatch some coins when the price is literally on the floor. Anyway, price being stable/holding on to these levels does not necessarily mean a bull run is under way. Just look at the numerous similar scenarios that we had in 2019 that people thought was the 'one' that can top the 2017 bull run.

The market is really unpredictable. There are a lot of prediction that the price will experience some sort of dump, however, we didn't see it happening. Although there are reports that old mining rigs have been retired because it's no longer profitable. But we didn't see any effect on the price. Maybe hashrate has no correlation to the market price.

Although, the price is increasing post-halving, 5 digit seems to be very hard to reach. Definitely $12k is doable, might take some time before you can finally reach it. The next coming months will be a big test, so see if we can reach it, otherwise an imminent down side to $8k-$9k.

there are currently no signs for Bitcoin to be able to Pump again, the increase in Bitcoin before halving has been more than 100%, it is quite good because it can return to the current level of $ 9,000, I am still watching to enter again

No, this is not a bull run per se. Probably it's just a rush to squeeze to make a good profit after the halving.


Big business are wise enough not to invest when the price is on top. If anything they do here, is to invest when the price is way below to make more money for them. So I guess they have been filing their bags when the price is like around $3000-$5000 and not close to five digits.


Well $12000 is really good, but if he hit that price very quick, then it is very not organic increase unless there is a good news to really push that price to that level.

havent you look on the price of btc lately arent you? check it sometimes and youl see that btc value is really increasing and showing a positive sign these days. 

 the increase might be 100 percent before but that wasnt surpassing the 10ks usd limit  . the expected increase after the halving is much more better  because the price were already at 9k  , only few pumps and it will be over 10k or more .

Yes, short terms target around $12k sounds realistic but selling pressure around $10k barrier still persists. If bitcoin fails to break this big psychological resistance level with this attempt then we can expect a small pull back up to $8.5k levels to gain more power to permanently pass over the 4 digit era. In my observation, pumps are not happening in interesting manner but I do bull are struggling to sustain.

The halving reward drop must be playing vital role in supporting the bears. Miners must be selling more bitcoins to cover their expenses. They need prices to double theoretically to enjoy same level of profits. This may be the simple signal for all of us to assume price may hit $20k at any time. After testing $20k, we can see lots of interesting pumps there after.

Well, there's no harm in getting excited about the price of bitcoin after halving. but, given the current situation, it's quite difficult to speculate above $ 11k. however, the price of bitcoin so far has not exceeded the $ 10k price. it is possible that the increase will occur slowly. it might take months to see the price of $ 12k.

actually "after" halving there hasn't been that much excitement, historically speaking. usually all the excitement starts a month before halving and ends about a couple of days before the halving date. now that we are in after halving times, we have a much more stable market and a lot more accumulation rather than price rises. as we can see even with the increased number of FUD in the past couple of days the manipulators have failed to create any kind of drops while price still remains above $9k.
i wouldn't be surprised if we stayed here for at least another month. that would also be logical as the effects of 50% lower fresh supply could slowly show itself by then.

Actually we can easily predict the movement of bitcoin when there is a hype, the recent increase of bitcoin was just bought by the halving hype, and whoever is buying, hype will always result to increase of demand and volume in exchanges, and we have witness is but unfortunately it didn't last, because that's the norms of a hype.


Hopefully it will reach that level, but there has been a correct of price lately, and bitcoin was dropped below $9000 and just slowly recovers but not stable yet.

The price pump is not consistent so we cant expect for now that there's a bullrun coming since the price is declining. After halving the price indeed show growth and many of us are assuming that this can be the start of a much better value for bitcoin however its not happening. It was stable ranging to $9k and above, I think it takes months or a year before we can see a drastic price pump, an indication for bullrun just like what happened in the past.

I am afraid that the pump will not come so soon because the bitcoin price now is at a lower price. Maybe it will happen at the end of this month or the next month because there is no sign to the pump for the coming. We need to prepare ourselves if we want to take part in that moment because when the pump is coming, it will not happen for a long time. You need to wait and always check on the market, so you don't miss that moment.

maybe what happened is this: some whale bought a lot and made the price go up and then people started to buy thinking that a lot of people are also buying and for this reason the price is going up and now that there are no more people to buy the price is stagnant at $9000, maybe drop to $8500


if that were so then the price would continue to rise a lot, the rich when they do something always tell their rich friends and their rich friends would also buy bitcoin


this has always been a market dominated by whales and it is unlikely that the price will reach $12,000 if cannot break $10500

What should be happy after Halving has not been able to redeem $ 10k in the last few and even want to touch it again down, maybe it could be that the economic factors that occur at this time so high beyond that will not be so happening now.

Looking at the history before it is always impressive what it is halving, but this year everyone is silent seeing the movement of bitcoin which is so fluctuating and cannot be relied on anytime soon after halving.

You may need to read another prediction, but yeah it depend on yourself. You could stand to your prediction or you are make another analyst and compare with someone else prediction.

As you can see now, the price of bitcoin is hard to reach $10.000 barrier, its pricr just can reach $9900 barrier and after that we can see the dump came as has happened in two day ago.

There another thread on this section who discuss about halving event and there is a user who says that halving event is not give a good impact for bitcoin pricr directly, I mean in the same year.

You have to see the halving event that has happened at 2016 ago, the halving effect wasn't given an increase price for bitcoin but it neer one year for the pricr up more than 1000%, as we have seen the pricr bitcoin was up to $20.000 from $900, it was unbelievable.

The CEO of Bitmex released their digest and it was a pretty good read. Basically many institutional investors are going into bitcoin to fight against inflation with all the money that is being printed right now. You can see how he analyzes this and shows that its reflected in the futures market premium and carry cost.

Currently the USD cashed settles futures have a larger premium than the BTC collaterized futures like Bitmex or Bybit or Deribit. So large wall street whales are buying the futures, and they are sold by people who hedge against spot. Its easier to hedge against spot because if you hedge against perps or futures and you use BTC are margin, you might get squeezed out like back in March .

So when this reverses it means the top is in.

I don't think it will break out of the strong resistance at $ 10k5. In fact, the price of bitcoin will still have to follow the world stock market. Now it is sideway because nothing has been done yet. in the United States and many European countries have not yet controlled their epidemics, so it is highly likely that an economic downturn will come. This will make the market sell off strongly. so I don't recommend buying bitcoin at this price, it's too risky.

Cryptocurrency isn't dependent in the traditional market, and It never follows their economic movement. If there's a coincidence with both movements, it could be just an act of manipulation. As you noticed, we are currently experiencing an economic recession causes the GDP to fall in traditional market. But the cryptocurrency and Bitcoin remains in a strong level swinging in a safe region of $8,500 - $9,000 level.

That's true, there's a lot of situation where we see the market does not correlate with what is happening in the economy.
However, we really can't completely say or judge the crypto market since it's very unpredictable, sometimes it follow's the traditional market, sometimes it does the opposite.

If it's just a few weeks ago, it's highly recommended to buy bitcoin but that's not the case. Long term holders would certainly buy at any price as long as they have an aim to see for better highs for bitcoin. The cost averaging is working for those who use that strategy.

Have you seen the time when oil was massively dropping and it made a noise worldwide? that didn't have any relation to bitcoin. Despite the downturn for oil, bitcoin didn't reacted on that.

before I analyze prices, I always look at history, and now history 4 years ago when it was finished Halving the price of Bitcoin went up high after 2 years of halving, I predict that the price of Bitcoin has the same opportunity to experience a high rise in 2021 or 2022, hopefully it will come true

This is not even that much of a "bull run" if you would like to call that. This is more like a reverse correction when price didn't have to fall and the reason why it went down was some dude sold some of his coins from way back and everyone was afraid it was satoshi nakomoto himself but it turns out it wasn't him at all, it was someone else.

Right now, people are basically just recovering from that because everyone sold thinking it was satoshi so that fall was for nothing at all and they shouldn't have sold, was a wrong alarm bell, now they are buying again because they know the truth now. It doesn't have to be all because of that, some moves trigger other moves, so maybe it all started with this but then it just became a thing of its own, but eventually we all knew it would recover.

It's unpredictable because it's manipulated.

There was a recent study done by a group of economists that showed both gold and bitcoin markets were manipulated to drop in March.

With Bitcoin it was pointed out that bitmex had a lot to do with that crash. It's not bitcoin it self that crashed but one exchange did and that caused international panic.

I'm sure that 10 thousand will be broken soon. We are coming back to this telev too often and it weakens the resistance.

And we should know that the crypto market is now always associated with the global economy or the stock market because now the difference is only up and the crypto market is always surprising when there is bad news so this is worse for the crypto market.

But my view Bitcoin will continue to try to push to higher numbers with pumping now could be a reference to continue to redeem to $10,000 I hope this week can happen.

I don't think this recession or economic crash is mainly motivated to dump the bitcoin nor gold, it is only for the stock market because total market of stock market is comparatively huge with crypto market and gold didn't lose its value either.Bitcoin was affected due to the stock market crash but started to recover very soon after the pandemic attack.

I would say it has already recovered, we can see that on its performance this year so far.

https://imgbbb.com/images/2020/06/01/graph.png
https://coinmarketcap.com/currencies/bitcoin/


If you check and compared the graph of stock market YTD, it's descending but look at our market, it's very impressive because we have recovered from a sudden and significant dump.

Pump has occurred before halving, Bitcoin has gone up more than 100% before halving, and has already reached $ 10,000,
naturally if prices are now down, and hopefully not less than $ 8,000

And finally you are wrong! BTC reached around at $9.7k and then dumed $9.5k area within 24hours. Its seems btc is going to dump more as it doesn't have Strength enough able to break $10,000 resistance soon! So can't expect to reach around $12,000 within this month

Bitcoin is a perfect coin for long term pump, But If we expect interesting pump on all the time is our own risk. Normally all the peoples are concentrate trading so BTC is right investment for this scenario. It is decentralized platform so anytime it will be move on below 8k USD and above 10k USD. I hope this year we expect more changes in Bitcoin.

Investing and trading bitcoin is high risk, you have to spend money that you can afford to lose, yeah that is the important part before you decide to buy bitcoin.

As for the movement price of bitcoin a day ago indeed it was disappointing. Before its price touched more than $10.000 and it was dumped to $8600 if we look it bitmex exchange within 15 minutes.

But we don't need to worry, you can see its price back to $9600 as its original price before pump and dump which is mean many investor out there still believe that bull run for bitcoin will really comes. We just need to wait and keep update with the latest news and some expert predictions at least it will keep you confident to be a holder/trader.

in fact, the opportunity to reach the price of $ 10,000 is still there, even very large. it's only a matter of time until the price of bitcoin reaches that price. however, I still think that the price of bitcoin can reach more than $ 15,000 this year. it's just the moment that I've been waiting for hasn't appeared yet. so, it seems like this takes time.

Waiting for $15k isn't really interesting. My moment is 10x that number.
Anyway, $15k is overestimated but definitely possible this year. The problem is consolidation. Without having a solid +$15k base, any number above $11k will not stand for long time. We need also to attract more people to join bitcoin and build with us that solid floor of +$10k, well preferably  :)

For what purpose are you waiting for this moment? Do you think that any global changes should occur at this level or is this just the target level for you to sell/buy bitcoin?
As for the level of 10k, I do not think it is reasonable to seriously discuss this. The price can fluctuate for a long time in the region of this level, in fact, it is reached.

We can't avoid this thing and ain't that surprising anyway to say dumps after the rising moment. That is why it is not advisable to buy Bitcoin when the price is started to move high that rather than to take the opportunity when it is still at a low. We keep thinking that we are rallying back high again and that is probably will happen as the halving effect will soon to see in the market. Only we don't need to hurry as the bullish season will come momentarily. And those people who easily get mad about the market performance will surely get nothing.

Crypto pump is where a group of users and/or investors get together and pump a coin to make a profit. They announce the coin right before the pump. Pump and dump schemes are illegal and considered securities fraud by the SEC. In most regulated markets like the London Stock Exchange and the New York Stock Exchange,