Bitcoin price movement tracking & discussion

[bigatenz]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet
[2] Litecoin Halving Rally
[3] Bakkt July Testing
[4] Binance.us Announcement

[serjent05]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

I wonder how can this news affect the price of Bitcoin.  In my opinion, it has no to  little effect to Bitcoin price since it uses their own blockchain for their platform, it would give a huge impact if they announce that they will be using Bitcoin as their sole mode of payment thus generating more demands for Bitcoin.

[2] Litecoin Halving Rally

Since litecoin is trading with BTC, I agree that this gives a huge boost to Bitcoin demand since LTC is surging in price, and Bitcoin will also have their halving next year, thus creating a mind set that , if LTC increase by more than 300% before it's halving, Bitcoin will surely increase in price due to its reward halving.

[3] Bakkt July Testing

This news had been around for sometime now, I think its influence had waned already.

[4] Binance.us Announcement

Same with FB Libra blockchain, I believe this is good for BNB coins but not  much with Bitcoin because  there are already other services that caters US citizen in order to buy BTC.  It just repeat what others service except that it enable alternative cryptocurrency  to be bought by the US citizen.  

[bigatenz]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

I wonder how can this news affect the price of Bitcoin.  In my opinion, it has no to  little effect to Bitcoin price since it uses their own blockchain for their platform, it would give a huge impact if they announce that they will be using Bitcoin as their sole mode of payment thus generating more demands for Bitcoin.

Facebook will be the major adopters of Blockchain technology that Bitcoin implement , so why theirs no impact   , remember Bitcoin price boost after the JPM embraces Blockchain technology/crypto

[serjent05]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

I wonder how can this news affect the price of Bitcoin.  In my opinion, it has no to  little effect to Bitcoin price since it uses their own blockchain for their platform, it would give a huge impact if they announce that they will be using Bitcoin as their sole mode of payment thus generating more demands for Bitcoin.

Facebook will be the major adopters of Blockchain technology that Bitcoin implement , so why theirs no impact   , remember Bitcoin price boost after the JPM embraces Blockchain technology/crypto

Are they using the same blockchain as Bitcoin?  If so then I will agree with you.   Can you lead me to the uptrend of BTC history when JPM embraces blockchain tech?  If you are correct then I will stand to be corrected.

[Clark05]

What a bullish week para sa atin, pero yung minor resistance natin di parin natin na be break which is above $9,000.
This $9,000 area ay napaka importante, once nasa above $9,000 na tayo, possibility is magiging support area naman before breaking above $10,000.
Additional, yung volume natin previous week ay lumalaki kompara sa nakaraan na mga linggo, which is sobrang positive.

This week naman ay napaka importante din, since yung facebook coin (libra) ay ilalabas nila ang whitepaper June 18, 2019. Para sa akin, may epekto talaga yan sa price ni Bitcoin. We still don't know if yan ba mag titrigger to reach $9,000 above or below $8,000. Abangan!

Sana yung ilalabas nila na facebook coin na whitepaper ang epekto sa atin ay maganda dahil ito ang makakatulong upang mabawi natin ang ating mga nalugi noong nakaraang taon. Lahat tayo ay nais or gusto ang bitcoin na makita above $10,000 at sana hindi na ulit manumbalik sa $8000 ang bitcoin.

[bigatenz]

Are they using the same blockchain as Bitcoin?  If so then I will agree with you.   Can you lead me to the uptrend of BTC history when JPM embraces blockchain tech?  If you are correct then I will stand to be corrected.

Article -> Bitcoin gets delayes boost from JPMorgans Embrace of Crypto , please read it ,

[serjent05]

Are they using the same blockchain as Bitcoin?  If so then I will agree with you.   Can you lead me to the uptrend of BTC history when JPM embraces blockchain tech?  If you are correct then I will stand to be corrected.

Article -> Bitcoin gets delayes boost from JPMorgans Embrace of Crypto , please read it ,

Well then eventhough I am not convinced, I have to accept that it does push Bitcoin price but the article came from bloomberg.  .  Though somehow an article with TA had been published that Bitcoin will gain its momentum by February (repeating history).  https://www.coindesk.com/february-is-often-good-for-bitcoin-prices-will-history-repeat-in-2019 even before JP Morgan announces his own crypto. 

[Experia]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet
[2] Litecoin Halving Rally
[3] Bakkt July Testing
[4] Binance.us Announcement

Maganda tong reasons mo bro kasi lahat ng nasa list talagang makakapag generate ng postive output sa presyo ng bitcoin lalo na yung mga upcoming events kasi yung iba gustong makapag hold agad kaya maaga palang bumibili na.

[Bttzed03]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

I wonder how can this news affect the price of Bitcoin.  In my opinion, it has no to  little effect to Bitcoin price since it uses their own blockchain for their platform, it would give a huge impact if they announce that they will be using Bitcoin as their sole mode of payment thus generating more demands for Bitcoin.

Facebook will be the major adopters of Blockchain technology that Bitcoin implement , so why theirs no impact   , remember Bitcoin price boost after the JPM embraces Blockchain technology/crypto

Doubtful din ako na isa ito sa dahilan ng pagtaas ng bitcoin. It does not really make sense.
Why would people buy bitcoin because of facebook's global coin?
 

[bL4nkcode]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

I wonder how can this news affect the price of Bitcoin.  In my opinion, it has no to  little effect to Bitcoin price since it uses their own blockchain for their platform, it would give a huge impact if they announce that they will be using Bitcoin as their sole mode of payment thus generating more demands for Bitcoin.

You're underestimating how one of the biggest internet company can uplift someone when they start to go along with the course of this someone's company.

Fb coin might not furnish such huge impact unlike what you've said but it will give somewhat benefits to bitcoin drastically.

Why would people buy bitcoin because of facebook's global coin?

It's like you're saying, why would people want to acquire USD while we have Philippine Peso, or any local/national currencies, of course, there is what you called forex trading, or here in CT its called crypto trading.

[serjent05]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

I wonder how can this news affect the price of Bitcoin.  In my opinion, it has no to  little effect to Bitcoin price since it uses their own blockchain for their platform, it would give a huge impact if they announce that they will be using Bitcoin as their sole mode of payment thus generating more demands for Bitcoin.

You're underestimating how one of the biggest internet company can uplift someone when they start to go along with the course of this someone's company.

Fb coin might not furnish such huge impact unlike what you've said but it will give somewhat benefits to bitcoin drastically.

I am not underestimating, I am just stating the obvious and not exaggerating expectations.  That's it.  It will affect yes but not to the extent that it will make Bitcoin price to surge.  Since the discussion between me and bigatenz is the reason why Bitcoin price will increase in value, though there is an article stating that FB announcement made Bitcoin trading to its best, checking the content I believe is just a stunt to promote FB coins or giving a catchy title for click bait.

Why would people buy bitcoin because of facebook's global coin?

It's like you're saying, why would people want to acquire USD while we have Philippine Peso, or any local/national currencies, of course, there is what you called forex trading, or here in CT its called crypto trading.

There is an announcement that FB coin will be a stablecoin ,  I wonder how can this stable coin boost Bitcoin price.  Let alone their backers  are those who are known not friendly to Bitcoin?

One thing that is known is that Libra will be pegged to a basket of government-issued currencies in an effort to preemptively counter the extreme volatility which has plagued other digital coins.

Visa, Mastercard, PayPal and Others Support Libra
Among the various companies signed up to invest around $10 million each in Libra are credit card giants Visa, Inc. (V) and Mastercard, Inc. (MA), digital payments company PayPal Holdings, Inc. (PYPL) and ridesharing powerhouse Uber Technologies, Inc. (UBER). The money raised by members of the consortium will help to fund the launch of the coin. According to the report, Facebook has sought to raise as much as $1 billion in support of the new cryptocurrency project.

[Roukawa]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet
[2] Litecoin Halving Rally
[3] Bakkt July Testing
[4] Binance.us Announcement

Yup, mga possible reasons nga to. Pero mas tinitignan ko yung Facebook Libra, once na ilabas ni Facebook ang crypto coin nila yun na ang para sakin ay magiging mass adoption ng crypto.

[GreatArkansas]

Weekly:

May pagkakahawig sila noong november 2017 bullrun. Makikita mo din yung sa RSI which is almost the same
Tignan natin ngayong week if mag co close ba tayo above $10,000 or below $9,000. This is week is exciting 


Daily:

I'm still bullish sa daily short term ng BITCOIN, since nag cross na yung 10MA sa 20MA sa daily and para sa akin ,gagawa ito ng support around sa white area which is probably above ng 20MA (blue). I'll add more position sa Bitcoin once we will correct $8,000 or below.

[sheenshane]

I smell FOMO on this week I hope it will continue growing the price and reach $10k in first week of July.

Do you think this is the cause of a huge impact on why bitcoin price rapidly goes up?

https://twitter.com/binance/status/1140602413243674624


EDIT:

Weekly:

May pagkakahawig sila noong november 2017 bullrun. Makikita mo din yung sa RSI which is almost the same
Tignan natin ngayong week if mag co close ba tayo above $10,000 or below $9,000. This is week is exciting  

@GreatArkansas, how about the monthly chart timeframe? Can you drop it here or it would be nice in my prediction thread in Q-3 found on my sig.

[GreatArkansas]

~snip
Do you think this is the cause of a huge impact on why bitcoin price rapidly goes up?

https://twitter.com/binance/status/1140602413243674624

Hmmmm. Para sa akin it's normal, kasi ginawa ng Binance yan para sa kanilang Binance Chain blockchain (BEP2 token format) , kasi di gagana yung native Bitcoin blockchain sa kanilang gamit na protocol ng Binance Chain, kaya gumawa sila ng Bitcoin pegged which is 100% backed "daw" sa Bitcoin.

Kaya din yan nila ginagawa dahil sa so-called Binance "DEX" daw nila. Inuna nila e pegged ang Bitcoin para gagana na sa Binance chain nila (BEP2 token format), then ang iba naman ay to-be-followed.

Ang challenge sa Binance dito ay sana mapanatili nila na talagang 100% backed with BTC or other native crypto pag gumagawa na sila ng mga pegged, and the transparency.
Read more: Introducing: Bitcoin-Pegged Token on Binance Chain

[Hunt_777]

Possible Reason bakit uptrend ang price movement ng Bitcoin :

[1] Facebook Libra Blockchain testnet

- Sa tingin ko, malaki ang impact ng crypto ni FB ky Bitcoin. Remember, cya ang ka una-unahang crypto. C Bitcoin kasi ay parang ina yan, kung aasinso ang anak malamang, maaangat din ang ina. I don't know ha pero feeling ko lang yan. hehehe. Kasi kung magsesearch ka ng word na blockchain or cryptocurrency, I'm sure lalabas c Bitcoin yan.

[leonair]

I don't see any reason for the price of Bitcoin to gain nowadays except nga sa pag-amba ng FaceBook sa pagawa ng sarili nilang coin dahil kahit may sarili silang Blockchain na gagamitin pero ang bottomline is they'll creating their own coin because they've seen a potential in making it, meanwhile... Bitcoin started it and the idea came from it, 'dun pa lang panalo na Bitcoin e'

Kumbaga nagkaroon ng free advertisement ang Bitcoin dahil sa move na ginawa ng FaceBook dahil multi-billion company na ito at ang kompyansa ng other companies sa cryptocurrency ay naboost.

[GreatArkansas]

Bullish na bullish mga baby bulls.

Bullish continuation pattern tayo sa Bitcoin ngayon. At makikita nyo sa stochastic RSI sa ibaba from previous price actions, na touch yung 0 then pump agad, let's see for more days. Once ma break above yung triangle which is continuation pattern yan, easy $10,000 na yan agad mga repa tropa peps.




I want to see like this guys,

[GreatArkansas]

AFTER THE ABOVE POST:

Taraaaaaaaaaaaan... 



Looking healthy si Bitcoin ngayon ah, which is positive, habang ang ibang alts na BTC pair ay luhaan.
Another level na need natin ma break is around $9,900. Once mag close tayo above dun at ma break, possibling lilipad pa $10,000 or create another support level sa $9500-$9,900. Healthy pullback, healthy pumps, healthy market. Ez breezy.

Let's see guys, mahirap mang hula hehehehe. Laban lang! Pak Ganern!

[rosezionjohn]

Another level na need natin ma break is around $9,900. Once mag close tayo above dun at ma break, possibling lilipad pa $10,000 or create another support level sa $9500-$9,900. Healthy pullback, healthy pumps, healthy market. Ez breezy.

Let's see guys, mahirap mang hula hehehehe. Laban lang! Pak Ganern!

Na-break na ang $9,900 
Ilang oras na lang siguro nasa $10K na tayo pero baka bumalik din agad sa $9,900 banda, Hindi ako makapaghintay na 5-digits na ang magiging bagong support ni bitcoin.