Nice Increase in Price but What Next??

[mrquackquack]

We have all seen it before.. A nice pump here and there and then BOOM a big DUMP.. It's almost disheartening really but still.. What will come next of this little rise? Will it hold true and keep its position or will it come crashing down again and again. In my opinion i believe that Bitcoin would have to reach an over  10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range. None the less my friends only time will tell but until then what are some of your thoughts? As usual your thoughts and comments are more than welcome. Thanks again.

[The Sceptical Chymist]

A nice pump here and there and then BOOM a big DUMP..

Maybe that's what's going to happen here, maybe not.  What I can say is that I'm very glad bitcoin is at $7744 right now, because that's the highest it's been since November.  And man, it feels like it's been way longer than that.

So I don't know if what we're seeing is the start of some upward momentum, but I hope so.  And if bitcoin drops back down below $7k again, I'll just take it in stride since I have no way of influencing what happens.  The market is going to do whatever it wants to do, and there's nothing to be done by any of us except to sit here and watch it all unfold. 

I've pulled up a battered lawn chair and got me a big tub of popcorn, and I'll have my eyes glued to preev for a while.

[sureshnsnet]

From beginning 2020 bitcoin has been pumped almost 8 to 10% and still continues and now bitcoin price $7768 as per coinmarketcap and got 4% hike I hope that Bitcoin going to cross 10k mark within in end of January because there are all positive talks going about bitcoin and crypto and right situation for bullish in crypto market.

[Aikidoka]

From beginning 2020 bitcoin has been pumped almost 8 to 10% and still continues and now bitcoin price $7768 as per coinmarketcap and got 4% hike I hope that Bitcoin going to cross 10k mark within in end of January because there are all positive talks going about bitcoin and crypto and right situation for bullish in crypto market.

It's really a good increase of bitcoin price today! It was like 6800$ 1-2 weeks ago. seems that 2020 is probably a good year for bitcoin, hope this increase of price will continue during this whole year and we'll probably see a new high peak of bitcoin's price by the end of this year, probably 50k$ if everything will go well.

[TimeTeller]

Don't forget that with time, the adoption is going stronger.
So even if the price is not jumping so high, we are getting a more stable price.
Increase in adoption will also ensure that the price will not drop hard, if in case it will drop.
I am very positive that we are in the positive direction with several situations that are upcoming this year.

[rdbase]

A nice pump here and there and then BOOM a big DUMP..

Maybe that's what's going to happen here, maybe not.  What I can say is that I'm very glad bitcoin is at $7744 right now, because that's the highest it's been since November.  And man, it feels like it's been way longer than that.

So I don't know if what we're seeing is the start of some upward momentum, but I hope so.  And if bitcoin drops back down below $7k again, I'll just take it in stride since I have no way of influencing what happens.  The market is going to do whatever it wants to do, and there's nothing to be done by any of us except to sit here and watch it all unfold. 

I've pulled up a battered lawn chair and got me a big tub of popcorn, and I'll have my eyes glued to preev for a while.

Isnt it strange how it waited until after the holidays to all the sudden spurt up so suddenly like that? Usually you would think with all the gift buying as well as bitcoin purchasing it would do this during those days. But alas it has to do it a week into the new year.
Oh bitcoin what a mystery you are.

[Cryptopher]

There will be a severe dump, once again. We are still in the cold, dark winter from the EOY 2017 fallout.

[LeGaulois]

The price is rising too fast, I'm ready to bet $50 it won't last until the end of the week, (we can use escrow if you want )

And of course, as we're used to, it will decrease to a higher percentage. Be ready to see the price going below $7000 next week, you have 6 days left. I won't be surprised. While waiting you can continue to speculate to find a reason about this pump. Iran Vs USA, halving whatever.
Don't be so excited

[barabarian1]

yes this is a great start today bitcoin almost touched $ 8k. hopefully at the end of this January bitcoin can reach $ 10k. if bitcoin can reach $ 10k at the end of this January I am optimistic that bitcoin will be a bull run this year. although maybe bitcoin will go down again before it halves but I think the dump won't be big. these two years we are on a downward trend, hopefully in 2020 this is an upward trend.

[bangjoe]

bitcoin fell on January 2 at around $ 6,985, and then improved quite well in the 5 days after that, I read the article btc increase was preceded by an injection of $ 500 million in USDT market capitalization, and also related to talk of safe haven assets amid tensions in Iran. It might indeed be welcomed with market reaction and I hope the price can return to $ 10k smoothly with some market re-evaluation.

[$crypto$]

We see the current price of a big pump for the future this means that there has been a time when bullun where traders are happy to see like this prices continue to rise in the short time.
Bitcoin will continue to rise in the next few days, possibly reaching as much as 10K USD, because experts predictions are correct in guessing the price.
Whatever happens in the future I am sure will make a lot of profit with their trading and for bitcoin holders.

[Wexlike]

Don't forget that with time, the adoption is going stronger.
So even if the price is not jumping so high, we are getting a more stable price.
Increase in adoption will also ensure that the price will not drop hard, if in case it will drop.
I am very positive that we are in the positive direction with several situations that are upcoming this year.

That is very true, time is on our side. Compared to 2013 or even 2017, the purchased Bitcoins are much better distributed between my community. The system works and it needs many more shoulders. Adoption is maybe not loud and noisy, but it is there.

[MURONDI]

pumps and dumps are common in trade, at the moment the market is showing a positive movement, according to my analysis the price will continue to rise if able to penetrate $ 8,000 but there is no analysis that is 100% accurate, that's just my opinion, it's best to do your own research and don't rely too much on the opinions of others.

[Yaunfitda]

We have all seen it before.. A nice pump here and there and then BOOM a big DUMP.. It's almost disheartening really but still.. What will come next of this little rise? Will it hold true and keep its position or will it come crashing down again and again. In my opinion i believe that Bitcoin would have to reach an over  10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range. None the less my friends only time will tell but until then what are some of your thoughts? As usual your thoughts and comments are more than welcome. Thanks again.

Exactly, we have seen this many times before, people getting excited because of the pump. If I'm not mistaken the last pump what supposedly due to the President of China statement about blockchain and everyone was jumping for joy saying blah ... blah ... blah ..

And after that follows a big dump, Lol. This could just be a bull trap for all we know. So stay cool, let things settle down first and adjust our trading plans. Don't look for a bull run because it looks like another artificial spike for me.

[Furious 7]

Maybe the current bullrun will slowly come in the near future because the price of bitcoin has shown a positive direction, let alone it will continue to fall 8k and continue with a short time.
I am still holding fast to this halving in May because I am sure that after it happens it will continue to a higher level and it will even reach 15k. This is really amazing if it really happens because history will repeat again this year.
Go go Bitcoin Pump !!!

[darkangel11]

This is a great start of the year. I have watched some youtubers in the first 3 days of this year being all grumpy and saying that this year isn't starting good because there are some red candles. Traders were out again saying that we are going back to torm a low at 5k and that if there's a pump it will end at that big 7k resistance.

Bad news is that until we break above 9k again we're still in a bear market and this will probably end with us going sideways between this former resistance of 7k and 9k.
Good news, this looks like a proper consolidation before a bull market.

[iamaruf]

Maybe we can see the price 8k to 9k then bitcoin will reverse to 7.8K to 8.2k. But I think with 3-4 months bitcoin price will be 10K$,that will be stable.In my view we will see the bull run in June or July.If not happen bull run in this year, but we will see bitcoin big moves.

[exstasie]

Conservatively, I'm looking for $8,500-$8,700:

The top of the descending channel (on Bitstamp) is around $8,700 and dropping. The weekly 20-MA is in the $8,500s. So I figure that's the first resistance zone to expect. It would be reasonable to take some profit there and re-assess.

I think bears will attempt a selloff at the top of the descending channel. Instead of failing there, I'm hoping the market consolidates and breaks above the upper channel line. That will be an indication of long term bullish reversal. Time will tell.

[panganib999]

Well, the price pump was relatively slow, compared to the unstable pump of October where in the same time frame, price increased by $1000 or so. Instead of a sudden dump because of this, I'd hope for a sideways movement with the price going down a bit as the general movement, but would stay above $7.8k I'd say it would take the market to get used to the price by 4-5 days before starting another new movement. There could be a case just like the November - December movement where it kept going sideways for quite some time, but seeing as it is the new year and possible influences of the halving approaching, the said situation could potentially be ignored.

In my opinion i believe that Bitcoin would have to reach an over  10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range.

We are still in the bearish run after all. Considering the Mid year of last year till today, you could see that BTC hasn't made a successful jump over the $13k barrier set by then, and even exceeding the $8k barrier this past few months have been considerably difficult. Just hope that the pump right now is a sign of it trying to break through, and that a 5% increase today could be enough of a foundation.

[Reid]

Well, it still haven't broken the 8k resistance which had been stopping bitcoin from increasing again.
I guess we still need to wait for that.
This ain't a pump yet.
Although there might be investors buying now preparing for the halving, there might still be a little of them who is optimistic about it.
We still need to wait for a month to say it is really a pump. This could just be a fluctuation which is happening.
Going to buy a lot of popcorn for this.