[2017-04-29]Markets Update: Bitcoin Price Rise Climbs to Uncharted Territory

[btc_sunny]

The price of bitcoin has seen a spontaneous rise during the last week of April as the cryptocurrency’s fiat value has climbed to new highs. Over the course of the afternoon and evening of April 27 bitcoin’s price spiked to an all-time high of US$1360 across global exchanges.
Bitcoin Price Weekly View: April’s All Time Highs

Bitcoin markets are currently in an uncharted price territory as the digital asset once again surpassed its all-time high jumping in value 10 percent over the past 24 hours. The price has dipped a touch during the morning of April 28 as the global average on exchanges is roughly $1330 per BTC at press time. Bitcoin’s overall market capitalization is also higher than ever before as it currently captures a market share of $21.3 billion. Trading volume is also substantial as over $500 million worth of BTC has been traded daily over the past three days.
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read more:https://news.bitcoin.com/markets-update-bitcoin-price-rise-unchartered-territory/

[panju1]

The price of bitcoin has seen a spontaneous rise during the last week of April as the cryptocurrency’s fiat value has climbed to new highs. Over the course of the afternoon and evening of April 27 bitcoin’s price spiked to an all-time high of US$1360 across global exchanges.
Bitcoin Price Weekly View: April’s All Time Highs

Bitcoin markets are currently in an uncharted price territory as the digital asset once again surpassed its all-time high jumping in value 10 percent over the past 24 hours. The price has dipped a touch during the morning of April 28 as the global average on exchanges is roughly $1330 per BTC at press time. Bitcoin’s overall market capitalization is also higher than ever before as it currently captures a market share of $21.3 billion. Trading volume is also substantial as over $500 million worth of BTC has been traded daily over the past three days.
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read more:https://news.bitcoin.com/markets-update-bitcoin-price-rise-unchartered-territory/

It may be unchartered territory, but we have gotten here gradually. This is not like the bull run in 2013 where the price went up by 10x very quickly. This increase is sustainable.

[xijieboy-8]

The world and the people on earth will be free financialy . mentally without stress . its struggle between banks and the emerging digital currency . and freedom will prevail .not more paper and metal currency.
I believe that bitcoin is heading to $1500, before it can relax its upward swing, even though there will be little breaks along the way.

[Coin-Keeper]

Reading this thread and looking at my forum name makes me a happy camper.  Go BTC!

[1Referee]

This increase is sustainable.

To a certain extent that might be true, but we can't just assume that the market will continue to go up without experiencing some pull backs. If speculators get the impression that the momentum is slowly fading away, then they won't hesitate to cash out a large portion of their profits, resulting in a correction. Honestly, I don't think we are very far away from reaching that point. I say the top for now will be $1400 to MAX $1450, where after that a correction will happen. I use Bitstamp as reference exchange.

[Kemarit]

This increase is sustainable.

To a certain extent that might be true, but we can't just assume that the market will continue to go up without experiencing some pull backs. If speculators get the impression that the momentum is slowly fading away, then they won't hesitate to cash out a large portion of their profits, resulting in a correction. Honestly, I don't think we are very far away from reaching that point. I say the top for now will be $1400 to MAX $1450, where after that a correction will happen. I use Bitstamp as reference exchange.

Would it be nice if bitcoin can sustain this price? However, I doubt it will, there will be a few dumps here and there that will pull back the price just a little. Personally, I don't feel comfortable with this price because sooner or later, as you said, people will cash out to make some profit and we can't blame them for that. Its like we are all waiting who will make the first move, then panic selling occurs enough to pull the price down but I'm not expecting to get as low at sub $1000.

[manyuta]

This increase is sustainable.

To a certain extent that might be true, but we can't just assume that the market will continue to go up without experiencing some pull backs. If speculators get the impression that the momentum is slowly fading away, then they won't hesitate to cash out a large portion of their profits, resulting in a correction. Honestly, I don't think we are very far away from reaching that point. I say the top for now will be $1400 to MAX $1450, where after that a correction will happen. I use Bitstamp as reference exchange.

Would it be nice if bitcoin can sustain this price? However, I doubt it will, there will be a few dumps here and there that will pull back the price just a little. Personally, I don't feel comfortable with this price because sooner or later, as you said, people will cash out to make some profit and we can't blame them for that. Its like we are all waiting who will make the first move, then panic selling occurs enough to pull the price down but I'm not expecting to get as low at sub $1000.

With the Bitcoin market it always happens that way and it seems to me that the administration of exchanges of exchangers plays a huge role in this. They are always in this situation carrying out information pressure on users thereby provoking price jumps and huge dropping of currency on the market.