What's happening with Bitcoin & altcoins?

[Nazmul012]

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

This is very normal thing that usually happened in cryto market. At this moment, cryto market is green, maybe because people are investing on it. Whatever holders should be happy seeing they are in benefit now

Great! you asked,
In my opinion we should just HOLD and wait for Bitcoin to go beyond 20k. In my opinion it will go beyond that price range by the end of 2020

haven't seen any valid reason that could makes bitcoin price hit beyond $20k by the end of 2020. Although Btc market is much uncertain at this time & hard predict cause anything can be happen.

[Silberman]

Why do you think it is a bubble, there is really nothing here that could be considered a bubble at all, price should have gone a lot higher if you wanted to call it a bubble, it has actually gone to a level where it is totally acceptable and stayed there. Of course it tried to go over 12k price as well and if it was around 14-15k I would say that could have been a small bubble, or if it went to over 20k that would have been a bubble for sure.

However going from 9k to 11.5k is not a bubble at all, it is barely a bull movement, it took a whole pandemic plus halving to make it go up that much, all of which should help bitcoin because one caused fiat to go down with so much money printing that helped crypto and the other caused half of all mined coins to be gone per day which should effect it. So, 9k to 11.5k in all of this is not a bubble at all if you ask me.

When it comes to bitcoin it is clear that this is not a bubble since the price of bitcoin is completely fair in my opinion, the problem is what it is happening with altcoins, it is clear that speculators are taking over the market and investing in all kind of DeFi projects of doubtful reputation, and while many are excited about this the truth is that to me this seems to be completely unsustainable and when that is the case then we have no option but to say that altcoins are in the middle of a bubble.

[bangkecol]

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

[pixie85]

It doesn't look like a temporary pump but rather a push towards the last ATH at 20 thousand.

I think it too early to sure if it a temporary pump or the previous dump to be slightly market correction cause I read in an article about a whale that sold his 9000BTC if i remember correctly which i believe was what lead to the last dump. However, the trend pose by the market when it weekend will prove if the pump is temporary or not.

That 9000 is a speculation. I've posted about it in that thread. Coins being moved from one address to another doesn't have to indicate selling and even if they got that one right a whale sale doesn't mean the end of the bull market. It ust means he needed fiat or maybe he's buying something else like ETH.

The bear market has to end at some point and all signs are showing that this run after the halving was a normal price action:

Thats because most weak hands are expecting the halving effect/ new ATH.

I Consider myself a strong hand and I also believe this is going to be another halving effect with a bull market top within the next 2 years.

[pallang]

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

Bitcoin is now on recovering phase, bitcoin must reach $13k in order to start the bullrun,. Still no one can predict what will happen on bitcoin and on some altcoins this year. Hoping that after 2 years of suffering from bear market this year onwards will be bullish.

[Janation]

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

Bitcoin is now on recovering phase, bitcoin must reach $13k in order to start the bullrun,. Still no one can predict what will happen on bitcoin and on some altcoins this year. Hoping that after 2 years of suffering from bear market this year onwards will be bullish.

It is done with its "recovering phase".

Another thing is that it already started, the bull run for some time now and I think it would continue for some time now. Maybe it is the late effect of the halving or just investors took advantage of the fall that happened in the past month. All we know is that the price could just go back and forth at $12K, it is not staying at $11K, and might break at $12K again.

[Silberman]

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

If you take the time to watch the charts you will realize this is not what it is happening, what we are seeing is that the DeFi projects are leading the market and making the rest of the coins follow them including bitcoin, and this is what makes me suspicious of the recent movements we are seeing, at some point the hype for DeFi coins will go down and when that happens the market will crash and while I have no doubt the price of bitcoin will remain high I wonder what will happen to a coin like ethereum that has been so dependent on this recent hype.