Bitcoin Price Crossed $11,000: Is it Really a Bubble?

[lenj]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

Bitcoin is not bubble at all. Its real the market movement. Yesterday bitcoin just do correction and now it goes to the moon.
I always said that bitcoin will do correction but small and continue big bullish market

[C10H15N]

There will be a lot of profit taking and panic from the weak hands.  Play the long game and win.

[Caladonian]

There will be a lot of profit taking and panic from the weak hands.  Play the long game and win.

Understanding the flow would help people to keep holding, this correction will continue as many gainers already selling their coins or maybe will aim for some alts to pumped, the only thing that we need to do is to keep holding and treat this investment for long term goal and like what you have said, long players will earn a lot.

[C10H15N]

... and like what you have said, long players will earn a lot.

I already have. 

[JayFKay]

why does it feel like the banks just pumped the whole crypto industry up by billions of $$ to help pump BTC up beyond 11k & then sucked it back out again - if they are trying to fake a bubble its not going to work - go home banks you are drunk!

[sic57005]

If you wanna consider Bitcoin as bubble, then try to name any real price of it. Not the cost based on some production parameters, but price. Now you wondering why it is not, let's say, $100k per coin. There's absolutely nothing wrong with total cap of $1.6T: yes, it far more expensive than most of world companies, but this is a currency. For currency such amount is still very low.

[TravelMug]

why does it feel like the banks just pumped the whole crypto industry up by billions of $$ to help pump BTC up beyond 11k & then sucked it back out again - if they are trying to fake a bubble its not going to work - go home banks you are drunk!

It could be banks, financial institutions or other personalities that is pumping bitcoin now and trying to artificially or fake a bubble. However,  I don't consider bitcoin a bubble simply because it has recovered from "every bubble" they said it had gone thorough.

Look at the dotcom bubble, when it burst some of the companies wasn't able to recovered. They either merge with a competition or simply died out. And those who have survived, their stock price never rebounded as compare to bitcoin rebounding from every bubble.

[BlackBoxRecords]

I think all crypto coins are over bought at the moment so whole market is shaky right now so wecan expect huge bloodbath across all crypto soon.

I have sold almost all of my bitcoin at above $11k and waiting for some correction to buy back again.

If you even don't diversify between promising and shitty coins, then your thought isn't worth 5 cents! In general, if you compare the crypto market cap with the fiat money market cap, then you will see that the crypto currencies are nowhere near a bubble and will continue to increase heavily, at least those which are not shitty or a scam.

A bubble would be only if the value was overrated. The thing is that now it is not possible to estimate the real value, we have no tools for that.

[nasqar]

Yes.
Just give them to me so you are safe from that buble.

[13abyknight]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

We've been here from around the $5k mark when most of the wall street ballers began calling Bitcoin out to be a bubble and today we're at over double that number and did you expect the accusations to stop?
Believers will continue to hold while those who couldn't jump aboard will continue throwing more stones in an attempt to sway the holders. Bubble or not, they're just mad and jealous looking at middle class investors joining the millionaire list and surpass them.

[Kgdktac]

Yes.
Just give them to me so you are safe from that buble.

And problems solved. Kaching!!!🎆

[Pursuer]

it may be that bitcoin is showing some faint signs of a bubble, and have some characteristics that are very similar to a bubble but none of these things will make bitcoin a bubble.
specially when people use some kind of arbitrary analysis on bitcoin charts and they say it based on its price and history or when they compare bitcoin with some other very unrelated thing and say since that was a bubble this is also!!

price may even fall, but that still won't make bitcoin a bubble. it will be the "fear of the bubble" and I consider it a very different notion.

in fact I dare say anyone who calls bitcoin a bubble doesn't understand how valuable it is. the intrinsic value of bitcoin is at least 10 times the current price but some people don't yet see it. we call them weak hands.

[snackman]

Bitcoin is not a bubble. Its price increases, because there are many investors, wanna receive free coin in next 5 forks in December.

[Juliedarwin]

The bitcoin will have more to increase before the year end,. And maybe it's still on the same steady price until January. Bitcoin will increase and maybe it will really bubble because of the many investors got to be within.

[charlescoin]

It's definitely a bubble but the long term trend is still going up so even if it crashes tomorrow it will recover like it always has.

[coinsontheroad]

I think the correction already happened when it dipped down to 8600 then went haywire for a day or two. I don't see it as a bubble.

Right now it's behaving like it has every time cleared another 1000 mark. It finds support around 11,2000 then goes up to find resistance at around 11750ish, then it just smashes through the next barrier. We'll see 12K soon enough and maybe more before year's end.

[wantjokull]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

Its not a bubble it is the actual way bitcoin should work and should be working in the future too. The price fluctuation is all about the market correction currently and also with the high leaps taken currently many investors were surprised to the up surge of the bitcoin. This. has attracted many more investors towards the bitcoin and now it is the time they put all new stakes over the bitcoin and hence the 1.57++ Billion market cap.

There is no way this can be stopped though any means and the market cap is real with real demand and supply equation of the bitcoin. So once again it does not look like any bubble and it won't be really. :-) Lets have peace and let the bitcoin keep increasing in its value day by day.

[sugiri]

It might go down to 7-8k for some time but it will eventually go up again to hit 20K by early next year.

[Technor]

I think it to never stop raise again

[ajqjjj]

It might go down to 7-8k for some time but it will eventually go up again to hit 20K by early next year.

We can assume the bitcoin price like that because bitcoin price movement is the volatile but it is decentralized platform so no one can control and dump the bitcoin price without the any reasons. If there is any issues on the blockchain network and hard fork effort means you will find some dump other than if any project or adoption left from bitcoin only we are finding the dump other than that nothing failed price. but ethereum or other centralized currencies can have control on the price movement.