Nice Increase in Price but What Next??

[smyslov]

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.

If you've buying when Bitcoin is trading at $7000 level or even lower, you have a reason to rejoice, you can cash out for profit, or you can hodl a little longer for an additional profit, we should be happy because we finally bridge the $8000, it's lower if you compare it to what experts are expecting, it's now a wait and see if it continue or will pull back, things are getting very interesting now.

[Shinpako09]

If there's a rise, of course there is a fall. That's unavoidable, someone will reach a selling point. There's no such thing as continuous rise. If the price is increasing more than usual, it will fall fast as well. It's good if it hold at some point but if not, still fine, atleast we've seen a rise again since staying in $7k floor. We've got this rise early, if we reached $10k before halving, maybe it's a good sign that something good will happen after that event but then i'm not forgetting on how our expectations always messed up because of volatility.

[gabbie2010]

This is the first price increase from November 2019 to the present. Bitcoin has reached 8000 $ today and is still showing signs of further price increases. If Bitcoin can surpass 8000 $ in the next few days, I believe the price will quickly go up to 10000 $. I have been buying bitcoins since December and so I'm relaxing to see what happens next, once the halving comes I think the Bitcoin price will easily surpass 14k $ and create a new ATH.

The current price of bitcoin is around $ 7,800 more and to break through $ 8,000 in my opinion there is a possibility it will happen this month, it is indeed difficult to predict the current bitcoin movement because bitcoin easily reverses the situation suddenly.
But I am optimistic that bitcoin this year will tend to increase although there are a few more declines but will be more likely to increase and will be different from the previous price.

The price had already breakthrough $8000 and is presently at $8300+ a major  indication of bullish market of. course $10K is very attainable this month with way the price is pumping in last few days although the price might experience some minor pullback or retracement however I don't it expect the pullback to be too dip before its continuation upward.

[iv4n]

We have all seen it before.. A nice pump here and there and then BOOM a big DUMP..

OP gave the answer on his own question, after increase we can expect decrease. We can consider one more scenario, after rise we can see even higher rise, and only after we will see a drop. Volatile market is a volatile market, for sure we can't expect price to be stable when many wait price to go to 20k, or to drop lower, so they can buy. One thing is sure, who bought under 7k can consider selling now for profit and wait new deep for buying again, or can wait price to increase more before selling. Who didn't buy the deep should think twice before entering now, price can go higher, but it can drop too, from my perspective chances are 50/50.

[bitzizzix]

This is the first price increase from November 2019 to the present. Bitcoin has reached 8000 $ today and is still showing signs of further price increases. If Bitcoin can surpass 8000 $ in the next few days, I believe the price will quickly go up to 10000 $. I have been buying bitcoins since December and so I'm relaxing to see what happens next, once the halving comes I think the Bitcoin price will easily surpass 14k $ and create a new ATH.

The current price of bitcoin is around $ 7,800 more and to break through $ 8,000 in my opinion there is a possibility it will happen this month, it is indeed difficult to predict the current bitcoin movement because bitcoin easily reverses the situation suddenly.
But I am optimistic that bitcoin this year will tend to increase although there are a few more declines but will be more likely to increase and will be different from the previous price.

The price had already breakthrough $8000 and is presently at $8300+ a major  indication of bullish market of. course $10K is very attainable this month with way the price is pumping in last few days although the price might experience some minor pullback or retracement however I don't it expect the pullback to be too dip before its continuation upward.

A good start for bitcoin at the beginning of this year, and yesterday the price of bitcoin was $ 7800 and now it has reached around $ 8,300 and I am sure to reach $ 10,000 will be getting closer because in the last few days bitcoin tends to go up, and although there are some small declines but bitcoin is back up from the price of the previous decline.

[karanggatak]

bitcoin will be reduced by half in May this year if we look at the history of bitcoin in 2016. then bitcoin will continue to increase before bitcoin is reduced by half. if this history repeats itself, then bitcoin will continue to rise until May. and now bitcoin has left the $ 7k level. I'm optimistic that bitcoin will increase again. maybe at the end of January this bitcoin value can reach $ 9k.

[Aying]

It's just the beginning of the year but bitcoin's price is starting to rise, but let's not worry about what's going to happen next. It is nice to take this moment to gain profit as what we want. don't over think to what will be happen and let's be positive that bitcoin is reaching or surpassing it's current price. all the situation happening now are surely affect bitcoin's price so we should not let our guard down and our focus.

[Eternad]

It's just the beginning of the year but bitcoin's price is starting to rise, but let's not worry about what's going to happen next. It is nice to take this moment to gain profit as what we want. don't over think to what will be happen and let's be positive that bitcoin is reaching or surpassing it's current price. all the situation happening now are surely affect bitcoin's price so we should not let our guard down and our focus.

Price were said to increase due to Iran-US war tension. It may seems unrelated but many threads were discussing these recent pump. If it's really due to this we may want not the price to continue increasing since war may lead into severe effect in everyone's economy. We may take advantage of this price but we need to hope and pray that war will not happen anytime soon.

[jostorres]

I feel like the next move would be to establish the price at around these levels, I know its unlikely that we will not move and stop but that should be at least the most important thing. If you had the control of bitcoin for a whole month and they gave you one option of either going up crazily to $20k right away but then have the possibility of going down to $3k again in the future (not guaranteed, a possibility) or have the price stay around these prices between $8k and $10k but guaranteed that it will never go under $8k, which one would you pick?

I personally would pick the guaranteed $8k over risky $20k honestly. That is why if we could build a new support around $8k level that is very strong just like the $6.9k support that kept us from not going down, that would be lovely.

[Palider]

Well we are 8k+ usd

We are almost at $8400 and the train does not slow down. Now it will be the worst moment, because at some point the train will have to slow down. The most difficult question is whether there will be only a small correction and the train will go further, whether there will be a flash crash and we will drop under $7000 

Im still not convinced on this sudden price increase and maybe price will go back again in normal like $7,000 - $7,500 . Maybe this price pump are just manipulated only and i think there's sudden dump will occur.

Because whales will manipulate this price and they will probably dump this again.

[cotton ball]

Seeing bitcoin back again above $10k and most people excited because can get back their profit after long time waiting whit their assets back to higher price, not have waiting for long days in new year for giving bitcoin have back whit higher price, but we still worried about why altcoin not have change after bitcoin up.

[senne]

So Bitcoin after crossing $7600 resistance is now testing $8200. If the volume permits it can easily go $9k+. But that won't be easy as breaching three resistances together gonna be tough for bulls in such a bearish market. If you look overall, the sentiments are still of bearish.
But similarly there is a lack of volume in bears too and hence, they aren't much motivated for keeping the price down. So, I guess the correction will definitely happen but after one more up wave.

[Wexlike]

So Bitcoin after crossing $7600 resistance is now testing $8200. If the volume permits it can easily go $9k+. But that won't be easy as breaching three resistances together gonna be tough for bulls in such a bearish market. If you look overall, the sentiments are still of bearish.
But similarly there is a lack of volume in bears too and hence, they aren't much motivated for keeping the price down. So, I guess the correction will definitely happen but after one more up wave.

Without continuation, this is most probable to drop down to high 7000s.

Bears of 2 months past will be euphoric and glee about a "confirmed rejection" from the big downtrend line on their charts. Some deliberations will be made about long/short ratio on Bitfinex requiring a reset.

Then it'll retake 8400 and keep going within the range of the past year. They'll draw some more lines. Maybe they'll short some more, I don't know where it ends.

Meanwhile, I'll join the trend and take profit.

[bamboylee]

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..

Do not get disheartened. It is part of the bitcoin market. We will see a few dumps before we can actually enter another bull run. So prepare for it.

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.

The last bull run, it was over 12K before crashing back down to 7K. It is not just breaking the 10K barrier but having enough support to sustain that price. Right now, the price is rising to rapidly to have stable support.

[Ridwan Fauzi]

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.

Bitcoin price has been decreasinh again currently, and has fallen below $8000 that I think that is will be the lower price in this year but it was just my speculation and it went wrong.

Indeed, there is no one who will know how much bitcoin price in the future. But at lest at this situation I can make a conclusion that there are many new people who believe that bitcoin is another safe place to store money.

And I believe there will be many people as well who wait the halving event comes and its price should be increase again. So, there is no more to be afraid again, just take it because I'll believe someone who has known bitcoin now but he still find an information about bitcoin will be chagrined at the end.

[Wexlike]

Interesting point I just came across:

Bitcoin is rising this year pretty much the same as other metals did. However we are rising far less than something like Rhodium

[robelneo]

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.

My one piece of advice, get used to it, it's  been going on for the last two years, the market is very volatile, it is driven by profit and greed, lots of temptation and  FOMO, the best thing that you can do is to take care of your portfolio, and get the best out of the market condition, I bet so many people are glued in the price every hour of the day, and yet do not know what's coming.

[danherbias07]

The dump already happened last August from 13k USD.
I dont thing it will be repeated.
Time for a pump. The right time should be now before the halving.
It will make sense for all the crypto enthusiast but not for the newbies who will just buy now.
What if this price will be the cheapest they can get? Time to go in.

[mrquackquack]

Kind of off subject but to the guy or girl with the metal chart, if interested in investing in metals i would suggest looking into Ruthenium.

[BitcoinsGreat]

Well we are 8k+ usd

We are almost at $8400 and the train does not slow down. Now it will be the worst moment, because at some point the train will have to slow down. The most difficult question is whether there will be only a small correction and the train will go further, whether there will be a flash crash and we will drop under $7000 

If we fall again below 7000$ from here, it will not be good for bitcoins. This will mean that bear rule the market and people do not have trust in bitcoins. I do hope that bitcoin remain above the support level of 7800$. I am not sure but i do fear that those bears will again make the bitcoin prices drop.