Bitcoin Forum

BTC is rapidly moving up and broke 25k mark for first time in history, whenever the price of BTC pumps more than a month it triples for sure. As long as money continues entering the market at this price and holder's who Don't want to sell their btc then automatically price will go up more quickly than it did in the past, these positive trend's say BTC is all set to make a massive record this time.

Market sentiments are really bullish giant hedge funds are entering into this space so this helping the rally to make it really bullish so that is fantastic moment for the true HODLers who believe very soon BTC would get succeed to take over the Gold market cap. I believe this is just beginning of the revolution so it will be so huge.

I'm not sure about this but stuff does often happens in chains but to be considered a "pump" for the month we can probably drop or consolidate quite a bit too (eg ~20-22k$ range)...

We will wait for what will happen until the end of January, when the vision will become clear about the bullish path and will it continue or will we witness a strong correction.
Resistance levels are still unclear, and we need to wait until the price is broken below $ 20000 and then make sure that we will not return to those levels.
It's like what happened in 2017 when we broke $ 1000 and didn't return to those levels afterwards.

This is now becoming an history for all of us who've been patronizing cryptocurrency. Let's be careful when price already reached at a very profitable value, corrections might occur at random situations. Price would increase until the end of 2020, then possible saturation is expected to happen next year depending on market behavior.

Indeed this is a great achievement, initially I thought Bitcoin will reach $15k by th end of the year then it crossed 15k much earlier and I had targets of $20k & $25k for the end of the year based on my market research but Bitcoin didn't fail to surprise me and yes there are new investment flowing in, this recent pump will pool in more investment. I am sure Bitcoin might cross $50k this time.

We did even hit up 26k price and we've reached a new ATH.It wont be something new if bitcoin would able to hit up 30k for this year if this run would continue even though
how bullish or good the market is, as a trader or investor you should always consider on taking up profits into these times or when you are in gains.
Dont wait for some major correction because i do always have the doubts that everytime we do make some run like these it cant be removed in someones mind
on the possibilities for sudden price decline or huge correction.So its better to secure your gains that to wait up even more for the price to
cling up to the peak which is always been an unknown thing.

Back in April, I was absolutely certain bitcoin wouldn't achieve another ATH this year (because of COVID-19, of course).  Before all that chaos broke out, I was expecting it to be at least a good year for bitcoin, and now I'm blown away that a single bitcoin is going for over $25k.  Amazing.

I have a feeling that the price rise had a lot to do with corporations buying huge amounts of bitcoin, and I recently made a post (https://bitcointalk.org/index.php?topic=5302832.msg55940853#msg55940853) about that in a thread discussing exactly who bought what number of bitcoins.  At the very least, it couldn't have hurt the market and I can't think of a better reason than a bunch of companies with very deep pockets snapping up BTC to account for its new ATH.

Now I'm just hoping this price level will hold for a while.  No doubt this market has sucked in a lot of speculators who get in and out of the market quickly and don't intend to hold bitcoin for the long term.  All it would take for bitcoin to crash would be for a chain reaction of selling orders to happen in sufficient volume--and I'd really like 2021 to not be a repeat of 2017.  Keeping my fingers crossed on that.

It's on $26560 already upon writing this and it seems that there's a chance of reaching $30k next year. I would be surprised if it would literally breaks another resistance beyond $30k next year since most people are expecting a $50k to $100k new ATH. If it would manage to stay at this level there's a big chances that next year is beyond bullish for Bitcoin.

Let's continue hodling and sell some if you wish to gain from your Bitcoin but don't dump because BTC is just starting to get some momentum to break another ATH next year.

I'm really surprised that we hit more than $26k already and we are still few days before this year ends. $30k is really possible to happen. And if these financial institutions will continue to buy btc, even at this current price, then, btc price will indeed have a bullish run. But we should be careful as it may fall down again.

Already hit $26k and nearing $27k haha.

Too much true,, already we are going towards 30k. look at the crypto dominance ratio, more than 70% market capitalization of average crypto market is dominated by Bitcoin and till now we are growing.. Now we are stronger than 2017 and much better position on bitcoin adoption than previous. So, There is no tendency or possibility for the 2017 dump to be repeated.

Bitcoin will easily surpass $100k. They are estimating Bitcoin to climb as high as $500k before settling around $250k.

Anyone selling now should know that they are just handing it over to PayPal or Square (as well as various funds) who will sell it right back to them in the future.

The dump as it happened in 2017 cannot happen because PayPal and Square alone are buying up all the Bitcoin being mined out. The rest of the players are the ones who are responsible for the price rise. These Bitcoins are going into long term funds and will never come out anytime soon.

This has always been an inevitable characteristics of all prices over the ATH (ie. anything bigger than $20k), people don't have any weird targets for their panic sells anymore so the increasing demand no longer has any kind of strong resistance against it so price keeps rising easier than before.

These 2 are contradictory. The "dump" in 2017 (which actually happened in final days and continued in 2018) will be repeated just as you said in first line, AFTER price reaches a similar bubble. Until then we will see many corrections with constant rising.

It keeps setting new records and who knows there's a big pump coming and Bitcoin will end up in $28k level things are looking good if there are no problems that come and everything goes smooth in 2021 we could possibly have $50000 next year, this is a dream of a lifetime for those who bought last March and still holding.

just woke up and was surprised to see that bitcoin price took a big leap from $25k and reached $27.5k in one day, set a new ath at $27,7k so far.
bitcoin achievement has exceeded expectations, we thought bitcoin would not have time to reach this point in this year and it turns out that the market continues to move in a direction that many people doubt. Yes, many said bitcoin can't reach $25k by the end of the year, let alone $27k, but now the next target should be $30k, who knows if bitcoin still be able to reach that goal in the next 4 days.

So, bitcoin already crossed $26k, and it's the new ATH now.
What @The Pharmacist worries can happen is make sense because bitcoin already makes a new ATH, but let's hope that it is not happening in the next year, but the bitcoin price will still increase.
Otherwise, we will see another bloody drama like 2017-2018 which can trigger the price to go down for more.
But with the halving already happened, I am not sure that the next year can be almost the same as 2017-2018, but we still need to be careful, just in case if bad things come to bitcoin.

Actually, current price is around $27,6k on bitstamp right now. Yes, going up very fast, it feels like too fast.



At some point  we are going to have dips but I'm positive and think that we are not going to have a bear market soon. I think we will reach much higher prices before that. Most analysis predict we are in a similar situation to 2016, not 2017. I believe, and hope, they are right.

You need to update your post bro, its now $27,500  ;D.

And just like the rest of you guys, we never thought that this is achievable after the covid-19 scare that put the market down like 60% to $3k and everyone is saying that bitcoin is done. And yet, in just 8 months it went ballistic mode, a rally that we haven't seen in it's young history.  2021? I'm still expecting a massive growth, $50k is within the horizon next year or even higher. And as what most seniors said a month ago, the bitcoin narrative shifted a lot with MicroStrategy and Paypal and other companies started to adopt bitcoin.

I think there wont be any bear market now because this time the institutions are buying for long term hold. Also people are moving their bitcoins from exchanges and keeping in their cold wallets. The thinking of the people is changed because there are not enough bitcoins for the whole world and with this thought no one will sell their bitcoin anytime soon.

This pump appears to be going faster. Can anyone who owns a Coinbase account look at the orderbook? I have seen some mentions in social media that Coinbase is running out of bitcoins to sell.

If that is the case then that's one reason why the price suddenly surge in 24 hours, maybe those companies are scoping bitcoin even at a premium price pushing the price even further.

The price is around $27,600 now and it might cross $28k in the next 4 hours if this trend don't stop. Or probably we might see $30k in the last 3-4 days.

Oh wow, Bitcoin just keeps on going, checking this morning and it is now over $27.5k. This just shows how much cheap credit is flowing around the world at the moment, even with the stock market in America at record highs, it looks like billions are pouring into a single cryptocurrency. I wonder where it will all end, because when people stop the pump it could end up with one colossal dump.

Hahaha, yes, my bad. Thank you for reminding me.
But the price now is back to $26k again :P
It is another correction for bitcoin, and I hope that it will not stay too long, and in the New Year, we will see a rise in bitcoin price. And who knows, in that New Year, the price will jump to $28k-$30k.
I am sure the rally will come again after this correction, and we have another best time to buy back bitcoin this time.

What you read is called FUD.
Coinbase, or any other exchange for that matter, don't own bitcoins to sell them. They are simply platforms where people go to sell (or buy) bitcoin to each other. They can only "run out" if people stopped trading in these platforms which is obviously not happening to Coinbase.
You don't need to look at the orderbooks either, just look at the volume that comes out of it.

"They?" ::) :P

Not that I would dismiss the $500K target. It's very possible, but also completely unpredictable. The next cycle could top out at $200K, $500K, $1M..... all are within the realm of possibility.


Are you sure you're not overestimating the importance of mining supply? After 3 halvings, miners are not the primary source of supply anymore.

Square's ~4K BTC investment aside, Paypal/Square are scooping up so many BTC because their customers are buying. Same with GBTC. That's bull market behavior. Hypothetically after the next bubble pops and the tide turns, that trend will reverse.

And it's interesting what will happen after the end of the year.  ;D
Before there is always panic.
What will it be now?

Those questions are what makes BTC more popular and not its feature anymore.
But as an asset that moves a lot. I guess we will just find out someday if what we bought will really have some usage.

Its climbing rapidly .You made a good explanation .The coin is become so popular and getting high on its value .I think you didn't notice the recent update its a notification for you that it has crossed 27k$ and really getting a hope to touch 30k$ soon at the year end .Bow lets see how market are behaving with us .

We're waiting for the price to move to $27000 before the year-end, it's more than what we expected, I'm already ok with $25000 and what more with $26500, if this continues we'll have Bitcoin at $40000 in the first quarter of the year we are really getting more from what we are wishing for.

I agree that 500k is not something we could dismiss because lets face it bitcoin is capable of doing whatever it wants, but I also doubt that we could get there any time soon, probably not in few years at least, maybe even in a decade. That is the trouble with bitcoin, it could do anything and we are basically just watching it do whatever it wants. Could it be 500k in a year? It can be, could it maybe crash this year and not go over 25k ever again for all of 2021? That could happen as well.

At this point nothing will surprise me, it is bitcoin and it could be anything who knows. But, I would suggest everyone to just keep investing into bitcoin as much as they can afford (please do not put yourself in distress and put too much, only put what you can afford to spare) because no matter if it falls or crashes, I am sure it will eventually go up a lot.

after touching the price of $ 28200, Bitcoin experienced a correction at the level of $ 26k,
of course those who bought bitcoin at that level are now experiencing profit, it looks like it's not over yet in bitcoin,
it's better to accumulate every time there is a correction, because if not, maybe the price of bitcoin can pump again.

We are not 100% sure that this is the case we all know the market philosophy buy low sell high, there are traders in the past that will sell for profit, so still expect for a dip and there are bad news along the way expect Bitcoin to experience bear market, it's something natural in any highly volatile market like the Cryptocurrency market.

day turns to night, heat changes to rain, and there is ups and downs, yes this is a cycle of life,
likewise in the crypto world, there is bullish and there is bearish, we have been bearish from 2018 to Q1 2020,
and from Q2 we enter at bullish zone, I think this is a bullish start and will last maybe until the end of 2022.
Bitcoin breakout $ 25k, and this is a sign of a strong bullish start.

No Bitcoin will not break $30k this time. Roughly we only have 1 day and a half remaining before this year ends so I think it is impossible. We can still witness it though however, it would be in 2021. After reaching $28k the resistance was suddenly increased and it goes back at something $26k but now it is striving again at $28k, it seems there are still some institutions, whales and individuals are procuring who keep pushing. It is very high now and if you don't know you are doing this could be a big loss, that's why it's better to have a selling point to secure your gains.

Well, I think that this year it will remain at that price, we are already nearing the end of 2020 and we can look forward to 2021 with a good footing, it is necessary to emphasize that even Paypal did its part by buying a lot of BTC, and some companies that decided to invest in Bitcoin This means that Bitcoin will shine much brighter in 2021.

I wouldn't be 100% sure about bitcoin not breaking above 30k, we have seen bitcoin go over what we all believe very easily. You may think that price went down a bit and came back and went down again and came back, right now it is over 28k once again, nearly at 29k as well, which means obviously it is not going to be something special right now, but at least it is not going down permanently and that usually indicates an increase.

Want proof? When we were around 9k and 10k, we went back and forth, eventually broke over 13k, when we were around 13k-15k we went back and forth and broke over to 19k, when we were at 17k-20k we went back and forth again and broke over, lastly when we were around 22k-25k we went back and forth, now we are here. Meaning for the past 6 months or so we have been going back and forth between small prices and eventually lead to higher price.

That's what everyone is expecting this 2021, we started already, hitting another all time high. And it seems with the way the bullish sentiments are going to be this year, we might see like $30k-$35k at least with this rally. The one that driving this uptrend is the news about companies buying bitcoin continuously regardless of the price, while average joe just continue to stack sats, portion by portion.