Bitcoin Forum

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

There might be a reason, but the question is do you really need to?

Ask me, I cant give a straight answer to any such speculative question, some trading "analyst" might be able to give better answer. But what I can tell you is how to seize the opportunity - do so by selling some coins at this new all-time-high instead of drooling over it and seeing it go up.

Because from what I have seen, the euphoria and greed stop people from selling and booking a profit. You will buy back but at lows and trust me lows will happen again no matter what.

Keep the cycle going, dont drool over the price. Reasons get revealed late, by that time the chance will have slipped away.

This is a FOMO phase(Fear Of Missing Out).
A lot of traders and investors want to buy BTC right now,because after a few hours or days,the price will probably be higher.
I also think that this is speculative price bubble,caused by the overall hype/optimism in the crypto markets about the future of Bitcoin.
There will be a price correction sooner or later,so panic selling will begin and the price might go back down to levels below 20K USD.

There will be a correction but below 20k level I don't think traders will easily triggered and sell their coins below that price . 20k will be the new support lvl so if the price correction happen the possible price is around 20-21k not below that just my prediction I might be wrong but let's see in the next days what will happen I only see the price right now is around 22-23k they have many attempt to break the ATH but always rejected the same thing in the price below 22k they also reject it it is possible that we will last at this price to see if the price will increase or decrease .

There is no secret, then the market is in a super rally, we really don't know when it is going to stop. Currently it went as high as $23,500 and total settles down around $20k. As for the cause of the spike, maybe there are more buyers obviously that push the price in the last 48 hours. It's really hard to comprehend the reason when the market is very bullish.

However, you have to take into consideration that the price will not go on a continuous parabolic rise. So you also have to be prepared to see the price going down after this upside to $23k.

That seems surprising, isn't it? You ask for a secret, I don't think that someone nor anyone else knows about it, not even someone knows where we go after this new ATH.

I barely accept that everything is unpredictable, changes may appear all the time that no one knows.
I suggest you not to push yourself finding those secrete and even make yourselves bothered about this pump. That is crazy to see Bitcoin price reaches $23k, but here we are, we have to be happy than to have full of wonderings and questions.

Supply and demand. This is the only thing you need to know for why most if not all assets grow in price. It's mostly just the case that simply a lot more bitcoin are being bought than being sold on exchanges hence the price rose. If you're looking for a more specific reason, then sorry because there's no 100% accurate way for us to know why most people are buying.

I got the two exact news about bitcoin price pumping. I thought this two news could be the reason of price pumping.

MicroStrategy has purchased approximately 32,491 bitcoins for $625.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,236 per bitcoin. We now hold approximately 73,315 bitcoins.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312520310787/d22733d8k.htm

Ruffer Investment Confirms Massive Bitcoin Buy of $744M 🙈

https://www.coindesk.com/ruffer-confirms-744m-bitcoin-investment

It will surely continue to go up little by little. Perhaps, 20k$ each bitcoin possible could be the support where it can't be easily to break.
Meaning, it will go down but not that much then spike again something like that. Also, maybe every week the price of bitcoin will get increase just like the old happened during bull run on 2017.

Yes, I always say, Bitcoin will hit 20k and finally it crosses 20k. I am happy and will reach more than we think in future. No doubt, bitcoin will be a great method for marketing in future.

The spikes will definitely occur every week but there is still a correction where the decline will definitely be there but it won't be as bad as what was previously imagined with after the bull run will be bearish so I think it's impossible, considering that the price is still at $ 22.6k this possibility definitely will continue from 23k - 25k because so fast what we imagine at this time maybe 2017 we will forget it this is the highest spike.

If you are just new into this market then I would tell you this that you should really be get used to it because bitcoins price or any other coins in the market does really have that kind of behavior.

The secret of this high? Then there are several reasons but the main ones will be talking about adoption.This had been a common reason on why we do see these numbers.

This is why you should really be wise on how to make benefit out of it.So don't get surprised when these spikes do happen.Same goes for dumping scenario too.

Super high as it is but that wouldn't be the limit of bitcoin. We've seen it broke within a day just to reach from $19k to $23k. What's more if it will break $50k-$100k and onwards soon? You don't have to understand why it's high as what you see but the only thing you need to understand is that there's much demand and it just keeps on increasing.

There's no secret why bitcoin is pumping. It's been a lot for this year and just you see from the bottom that it was, it has climbed to the ATH through these months and it only needed less than a day to break its past ATH. Ask a different question, something like if you have stocked some bitcoins or mbtcs on your wallets.

When we try to analyse and see what is the cause of this massive rally that we have seen lately, it's really hard to answer. So it boils down to the basic supply and demand. There are many buyers in the market and obviously, the price continue to rise. Perhaps the maturity after the bitcoin halving is now showing and then we have big companies investing as well, it's a combination, but basically, supply and demand factor.

Well, just because of the supply and the demand, once the demand seems been increased, the price also increases and we have called it an all-time high which is we expected the new ATH by this time. There are too many factors we consider through this all-time high. We had a lot of good news recently and I think that could be the reason that we had a massive price increase of bitcoin in the market. Whatever the reason it is, it will remain unpredictable and even those large investors did not know when this new ATH will happen.

There are some good news keep coming for us. You shoould spend a few minutes to visit cointelegraph and you will see a bunch of good news about crypto. Coinbase will be doing IPO and there are even an artist that has partnered with square to did 1 million dollars worth of bitcoin airdrop for all of people who have tweeted it.
They are bringing the massive awareness for bitcoin. FOMO is real

This is a good question. Some say that the reason is institutional investors, others say that this is the manipulation of exchanges, allegedly they launched a botnet and are in cahoots.
Many people pay attention that there was no particular excitement regarding bitcoin, but it began right after bitcoin crossed the $ 20,000 mark.

Good news coming from big stakeholders in crypto will really give positive impact in the crypto community.
$1M worth of bitcoin for airdrop will go a long way in terms of adoption. I bet a lot of them are not really hard core crypto users.
That will give them a good intro to crypto community. I just hope they will educate themselves to further understand what crypto is all about.


The recent performance of bitcoin in the market is caused by various factors.
We can't pinpoint only one source of why it is moving fast these days.

You don't need to think deeply about it.

We are all expecting the price of Bitcoin to reach such heights. There are a lot of investors that put their money into Bitcoin and there's Paypal that accepted it but we can't say that it is the main reason why. There are a lot of things we could look to so it is just better to not ponder about it. Enjoy the price while we are still at it.

Bullruns comes with speculations on what's is causing it and that's something we should be used to by now. Does it really matter what is causing the run, provided that it's a healthy spike like we're currently experiencing, I think it's all good. It was inevitable that bitcoin will continue crossing new highs after reaching it's previous of $20k. Now is when the major fomo would be felt as people will beginning investing with hopes of higher milestone to be reached.

Don't forget, there are speculation of bitcoin reaching highs of $50k next year and in anticipation of that happening, many investors would be buying into favorable position to get the best of profits they can when the price does cross the milestone of $50k which isn't impossible especially as institutional investors are beginning to publicize their investment which is also contributing to the growth of the price of bitcoin.

Last few months some speculators already predicted that new ATH for bitcoin will gonna hit at the end of 2020. Perhaps possible reason was that of  halving event that took place thia year.

There is actually many reasons for that bull market but I'm pretty sure the demand and supply has been affected much so the price of bitcoin touched up $23k. Or big investors has an impact for this big climb up of price.

It's mainly because everywhere trying to adopt crypto more specifically investment firm now targetting crypto to diversify their portfolio as well as reaping potential profits out of it.
It's no brainer if the price could go this high becasue the demand is there and not some measly amount of money, we are talking about billions here and that comes from the US alone.

Imagine if all the other world following the hype and more demands going to the crypto market. $23K is just stepping stone for $100K

No single reason is enough and no reason is absolute in this sector either. There might be bull runs due to specific reasons or just speculation. As per my observation the second one becomes stronger because of FOMO and the price goes way beyond buying levels and then drops to lower levels.

The thing traders do now is sell and then wait for it to go back down. This will happen and is the thing of utmost importance despite what newbies might think. Keep cycling the money. Dont keep on holding if you are looking to profit. If you don't sell and keep thinking about reasons you will only waste time. This is the time to catch the cycle.

Many thought the increase in bitcoin would reach 20K at the end and beginning of the year, it turns out that mid-December bitcoin has reached more than that which in my opinion is very extraordinary.
The significant increase in the price of Bitcoin occurred because of the high demand for digital money, especially buying Bitcoin is now as easy as PayPal which provides a Bitcoin payment feature.
In addition, a number of large institutional investors expressed interest in buying Bitcoin and several large companies invested very large amounts.

Why do you think this is a high price for BTC? Personally, I expected that it was by the end of this year that BTC should have reached its previous maximum and go higher. This is due to the trend that has developed in the crypto market over the period of its existence. Since there is a cyclical development in the crypto market, 2021 should be the last year in this cycle and the price of BTC should become the maximum, but for this, the price of BTC had to return to the previous maximum, which she did. I believe that everything will go according to plan, but the time will show how it goes on.

Three words - Money - Supply - Demand

Money -> Look at the following table (https://bitcointreasuries.org/), almost $19 billion in total has been invested in Bitcoin by all the listed companies. Such an amount of money in a very limited market must make a shift, there is no doubt about it.

Supply - > Halving is starting to show its effects, only 900 BTC per day means that the quantities that disappear from the market are far greater than the production. There is no speculation, the point is completely clear - unlike fiat, which can be printed while there is paper and ink, let someone say that it will produce ten times more BTC per day and thus affect the price.

Demand -> If you look at the same table, all these companies have sucked out of the market 4.54% of max BTC supply, and apparently do not intend to return it to the market so soon.  That amount is likely to increase even more, and I wouldn't be surprised if it's at least x3 by the end of next year.

Well, there's a lot of possible reasons but we don't know what it is exactly like this could be a FOMO. After breaking the $20k resistance and Bitcoin is now increasing once again people tend to panic and purchasing Bitcoin for they not to miss the opportunity of the rally. Perhaps everyone thinks that Bitcoin will now plunge since Christmas is coming and they thought that a lot of persons will try to liquidate but they all got wrong and now they are procuring the coins that they have sold.

There is really no big secret to why bitcoin went up, there was a huge bull run to get us closer to $20k for first, after that there was this huge hype after the break of all time high, when we broke over that rest was easy, everyone just got excited and the higher price went the higher it continued to go up, that was the result, I can't say why people got this much hyped about the price after the ATH because it was already close few times, even above once and nothing happened, whereas it went up superbly high later on, for no reason at all.

I can't say any secret, and I can't point out to "this reason or that reason" type of situation, it was just a pure hype and we all wanted to buy bitcoin and we did and price went up, that was it. I am quite happy about it tho, like it could have no reason at all and I would be still pretty happy about it.

And it also means that the whole bitcoin narrative has change. Yes, FOMO could be the main driver, but if you have to look at the reasons: bitcoin is not the best assets that even companies and well known personalities are speculating or investing on bitcoin.

It's normal to liquidate assets this holiday because people might be thinking of buying holiday gifts, but then again buyers are just on the side waiting for those weak hands to sell, that's why the price is never been affected by the holidays and on the contrary, keeps pumping up to $25k or even more.

With all being sad BTC is not looked the same like 3years ago when it was near 20k. Now people look BTC like investment or like gold... More or less safe investment over longer period of time. That was not the case for most of the people.

Bull times are not explainable, they take you by surprise even closing your eyes to open it will have a big increase. It has been history too in 2017 when the last ATH that happened. Around November was a very strong wave time that happened in bitcoin price till December came. I'm not surprised for that you say. It is not understanding with bull time move, just keep enjoying it  ;D

Secret? = Theres no Secret but this do talks about "ADOPTION"

This is the very main reason on why we are seeing these numbers and we would able to see new ones if this adoption thing will go even more higher.
We do hope for global acceptance but we know in reality that it cant just be possible because there are places on the world seeing bitcoin as an illegal stuff.
The important thing here is that we are still continuing to grow inspite of those blockage we've seen.

In every crypto market movement, I always look the possibility that there is someone behind it, (of course the whales) They do it to manipulate the market and attract more new comers to invest in cryptocurrency, but we never deny the fact that the holders who are bought in a low price will enjoy the benefits of it.

From now on, you have to be used to seeing that. Crypto is volatile and even a surprise crash out of the blue can also happen.

No need to actually know what's the reason behind that.

But if you are really curious, you can check some speculations or articles with the help of Google search or your preferred search engine.

News do move the market. The pump started with the Paypal news of allowing crypto in the marketplace. Now we know this news was being waited for a long time, almost made people anti-paypal because they never took notice of bitcoin or just plain shoved it under the table.

Whales started pumping it after this news sufaced and now we are seeing the biggest all time high after Q4 2017. Price also seems to remain under 23k USD for now so my next prediction would be the 25k USD mark being realistic.

You never know a dump might happen as well. The selling pressure was high before reaching this mark and it is possible that most sell orders got filled and cleaned.

The secret of this because many people buy a coin and most of us are positive thinking about bitcoin  so the value rise in that price. We broke again our record in the year 2017 and hoping more new record we achieve this time so the bitcoin will be trending again world wide and maybe soon we see the bitcoin in every stores because they accept it as payment for the customers who buy their products.

It still isn't the case for most people. Just over 1% of the world's population have crypto wallets, if we take the most generous estimates and not believe that there're a lot of duplicates.

And don't always buy into the big welcoming news of people all accepting crypto (they're not, they're letting you pay your crypto to someone else to accept settlements in fiat).

So you're still early, no need to feel sad. Enjoy while it lasts.

don't be surprised, because this is what is called the crypto market. where you will be amazed at many things. It doesn't even take a few hours, sometimes it only takes a few minutes to see a red signal, and a minute back to a green signal.

I am pretty sure all those billions of dollars spent purchasing bitcoin by the corporations played a big role, but let's not underplay what we have achieved as well, the people of crypto has increased a lot and we have achieved a great deal of work here as well, we are the main reason why it is at all time high right now.

Also bitcoin has been low for a while now, it was obvious that it would go up, it didn't really take that long for bitcoin to increase all that much, we knew that it would increase, we just didn't know when it would happen, for the past 3 years we have managed to wait patiently until something big happens and in the end we managed to get back to levels we were, not like 20k was unheard of, and obviously after building a whole crypto system around the currencies, such as bigger companies and business' in the crypto world, we have gone a lot higher.

I don't think there's necessarily one reason behind this jump in price, but I believe one of the reasons could be the pandemic and the fact that crypto is so easy to use and make transactions with just having access to internet alone and also the fact that crypto is decentralized and not related to governments in any way helps its popularity even more.

In addition to that don't forget the fact that crypto after the pandemic started to follow US stocks, so as long as SPX/USD chart is not showing any signs of weakness you can expect Bitcoin to stay at these price ranges.

There is no secret in bitcoin bulls, everything is clearly visible, good news and news of mass adoption we have always heard throughout 2020,
from news about Payapl, Singapore banks accepting cryptocurrencies and news of institutions buying large amounts of Bitcoin are some of the reasons.
good news that made Bitcoin price go up this year, it's a healthy increase and it's different from 2017. Keep that in mind.

Today 26 December 24.8k it price. I think recently it price overcome 30k. If you known about reasons i tell many investor invest her Money  to buying bitcoin. Today maket volume is high it's big reasons to buying bitcoin. Also today China invest in bitcoin. I think for this reason bitcoin price increase and it will be highly increase.

There are no concrete secrets about the bullish momentum of Bitcoin price, Bitcoin being a speculative asset has the all secret for it price movement, recently it price hit another all time high which was $25k. One of the biggest thing that has happened to Bitcoin now is the investment of institutional investors that are currently driving the wave of Bitcoin price, basically we might see something bigger in 2021.

To be honest I was also surprised by the increase in Bitcoin price this December, but after I read the news in various articles.
It turns out that many large companies have started to become interested in Bitcoin, and decided to invest in very large amounts.
If I'm not mistaken this month 10,000 BTC were bought by several companies. As we all know this positive news continues to
spread on various social media, so it's no wonder more and more rich people from around the world are starting to buy Bitcoin.
So now it is answered why the Bitcoin price can go up to reach the price of $ 24,900.

The interest has started way back, it just the media has covering it in the last couple of months that really push the price because of FOMO. And why we reached another all time high today? more than $25k right now. It's because this institution or companies are not dumping even though we reach that price today.

But then are hedging and not using bitcoin as a speculative asset, as compare to 2017 wherein once we reach almost $20k, almost all whales and manipulators took profit. Now, it's hard to do that because of so many big players involved.

There's a trend that's currently happening in the market which could be various dangerous in the short term. Each day sees bitcoin pumping by almost $500 to $1000 after the 25th of December. On the 25th bitcoin reached a milestone of $25k, same thing happened on 26th as bitcoin also reached another milestone of $26k and today been 27th of December we have also seen bitcoin recording a new highs of $27.9k and it still shows positive signs of further growths

Reports are coming in that it's the retail pumping bitcoin as a result of fomo this time and not the Institutional buy pressure as many are presuming which make the market more dangerous to buy in but this are all assumption and nobody can't predict the exact pricy bitcoin will reach before a possible pullback.

Edit: It seems as I was writing, bitcoin just crossed $28k, another milestone crossed now the target would be to reach $30k before the years comes to an end.

I can't hide myself being surprised. Every time I check on the market chart, always it pumping and pumping. We are happy that it surpasses $20k and now? Feels like we never end this Bullrun shortly since more big companies are adopting crypto particularly for Bitcoin. Some say it reaches $50k, gonna say it won't as we once neglected to think $25 is achievable this year due to the pandemic and crisis situation.

People are overhyped about this and they make various non sense prediction about the future price of bitcoin. This could be the second correction for the third waves bullrun that may happen with bitcoin very soon. I have expected the last wave could happen in the next month. We are heading a new year and everyone are willing to cash out their money.
50k is not an easy rate that could be reached. that makes the mcap of bitcoin will worth almost 1T dollars.

I think there is no secret behind Bitcoin's rise in such a large way, this rally was expected a while ago after halving, but it was only a matter of time, Bitcoin has now crossed the  27,000$ threshold and continues to advance towards new highs and is expected to reach  30,000$.
I think that this scenario was predicted by many, but they were only waiting for it to come true, there may be some reasons that helped accelerate this rise, such as the increase in the mass adoption of Bitcoin after the Corona virus and Paypal's acceptance of bitcoin within its services.

Yeah, we have reached over 28k, nearly hit 28.4k as well, goes up and down time to time obviously but that was the high. I can't believe that we have reached that high, I personally imagined that the best way to go would have been "barely breaking over 25k" as a optimistic situation, turns out I was wrong very much :D. So far on this big bull rush we had, every time I say "we can barely be at X price at max" we have broken over a lot of them.

I assume that people are excited about whats going to happen with bitcoin so they are all getting into it, I really hope we get to find more and more people who would be excited to join bitcoin. The year 2017 brought that as a great thing, sure we had a huge fall afterwards but there are tons of people who have got together in 2017 period and there are tons of people who learned about crypto and stayed from that year. I think 2020 and 2021 are and will be like that.

It's  a new  record  and still trying  to achieved  for more. There's no  secret  aside from most trades holds while new investors  are placing  their investment.

The more money to invest  inside  the more high that  it will proceed.  People who have strong knowledge  understand   what bitcoin  can bring bring to them.  They are  all speculating  in  maximizing  the possible profits to gained.

More and more people  has been encouraged  to participate  and start joining  this investment  venue,  trusting  that in  anyhow bitcoin  will  bring decent benefits .

When viewed from the news, the secret of bitcoin can reach a new all time high, and can even reach $ 28k is because many institutions buy bitcoin when it experiences a correction,
of course this makes Fomo to traders and other investors, I like this can happen in 2020 ,
but unfortunately the impact of bitcojn's rise is bearish for altcoins.

Bitcoin brings decent benefits to everyone who is able to invest and get a lot of profit from that investment. The urge to invest, of course at first there were those who recommended it. The more popular Bitcoin is, the more people are interested. Especially with the current ATH achievement, many whales and institutional investors have entered to invest and trade. The end of 2020 will be the end of a happy year for those who still hold their Bitcoin today. There is no specific secret when bitcoin is able to reach the new ATH. only investors and traders started to converge on bitcoin.

You should get used to it because price is always been a volatile thing and it can either go high or down into those levels that we havent able to reach.

Reason? Lots of them but the common will be talking of demand where the market had saw the potential of Bitcoin and able to adopt it and we cant deny that institutional money is flowing now
into this market. There's no need to know on any secret yet you can see it evidently.

We are reaching new highs every single time now where the price is playing 26k - 28k whici is really an indicator that we might really able to touch up 30k or even more.
Things should be done? Secure profits when profiting then buyback later on when theres correction.

There is no secret  ;D, the actual interest of people to the bitcoin and the institutional money who entered in the capitalization is the secret.

Agreed, People are going in due to the institutitonal investors who has been sending hundreds of million dollars to buy bitcoin and they were following the trend to buy bitcoin.
The good news from various famous platform like paypal was also pushing the price of bitcoin even higher. This time the combination between FOMO and good news have been making people rushing bitcoin.

That's hard to understand for anyone how long bitcoin can go! Cause few days ago it was $22k as you said but it already broke $28k level even more and people & institutions keep buying bitcoin when there is a big chance to to fall  down the bitcoin price.there is a possibility that bitcoin price may go higher a little more but then panic situation would be created among people, would start selling it & dump the btc

That is the same thing. No secret behind this all time price hike of Bitcoin. It was just merely the influence coming from institutional investors which creates a big movement on the price of Bitcoin plus the other events and news that happen with regards to Bitcoin that create also good popularity for people to make engagement towards Bitcoin for they thought that it will make them beneficial if ever Bitcoin attain a new price hike because of the happenings. It is all about good publicity making people rush towards purchasing and investing into Bitcoin together with institutional investors.

Exactly !!

according to coinmarketcap this week Bitcoin has reached a 20% increase,
this is a pretty fantastic increase this year after the price of $ 20k broke out and reached $ 23k easily,
bitcoin is still not satisfied. Bitcoin price is now trading at $ 27k, of course it has reached another high,
I can't say anymore, so watch out for a correction.

Currently bitcoin highest is $24k, have been asking myself that same question what's behind the massive pump, I believe there are lots of investors and people are getting to know more about bitcoin!!!

No, the highest for bitcoin is $28924 and that's no joke, it's trying to break $29k and might break $30k too soon. That can happen before this year ends or on the first day of 2021.

Yes it does. The pump that we get is due to the institutional investors and caused by the halving.

Update this one now because the all time high is $29k and we are still aiming for a higher price before the year end, I’m confident that within the day we will hit $30k which the best price ever so far. There’s a reason maybe whales still want to go beyond this level and of course watch out for the incoming correction of the market.

It was $26k price at yesterdays and now it is almost hitting 29k which is really a great thing to see that we do have this kind of rally or price increase.
Secret of this high? there no secret but this do talk mainly about adoption. This is one of the indication that it is already getting some recognition globally.
Unlike into those earlier years on which people or majority do still have doubts on engaging with bitcoin due to various reason and now it has been proven
into their very own eyes that it is wrong on what they had believed earlier.Believers will surely increase as the day goes or pass by.

If you keep asking this question, people are always going to tell you that it’s because of demand and they will all start pointing out institutions that have been buying Bitcoin as of recent.

Well, they are right, apart from that I don’t see much why the price would be going up. And another thing is that a lot of economies have been affected by the pandemic and we know that the United States of America is among countries that were hit badly by the pandemic, because a lot of companies had to pause their businesses for a while and that affected their economy; Bitcoin is compared with the USD, and since the USD is down, Bitcoin will add more value.