Now that we touched $8,000, what's next?

[Questat]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

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[GreatArkansas]

Staying above $7,000 is fine with Bitcoin, especially if we will maintain above $8,000. And if we break the 2019 yearly high before the block halving, that could be a possible a bullish for long term.
What I am worrying is the short term fall below $7,000. But, still thinking positive, let's do this and kick those bears!

[NeuroticFish]

It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.

[The Sceptical Chymist]

I would say that the next move for bitcoin would be staying around $8k.  It's nice that it got there and all, but it could just be typical market volatility and not the start of the next bull run. 

For some reason it seems like it's been a really long time since bitcoin was at $8k, but it's only been a couple of months at most.  I took a look at a 1-year price chart yesterday, and bitcoin was at that level in November.  I don't know why, but it really feels like we've been stuck in the $6600-7400 range for quite some time.

[Astvile]

Bitcoin reaching $8,000 is really good tho but will it sustain its price and won't go back to 7000 that the question before we ask what's next.

is this the bull run we are long waiting?

Bitcoin price going up is not always a sign of bull run we all have been waiting for years now. This price pump is just a common and unexpected thing we experience almost every month.

[ragavancoin]

Still more to see in bitcoin just now it starts and reached $8k and before bitcoin having we can expect more maybe it possible to reach bitcoin price $10000 and above.

But we have to understand the what situation on going between USA and Iran because it will also going to give some positive movements in bitcoin because investors finding alternatives ways to safe their investments so they can choose crypto currencies.

[freedomgo]

I would love to stay bitcoin for $8k for quite some time so we can say that the price has really recovered.

With this small run, I hope people would not right away think that we are already in a bull run because most likely we will again be victims of trap or a pump and dump game. Personally, I don't know the reason behind this run, but I am happy with this development early this year.

[CryptoBry]

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

I am not yet sure if this can mean that the big bull run we are waiting for is already knocking at the door. I am attributing this to the conflict between the USA and Iran (though some might argue this) but when this factor will be losing the steam there is still that possibility that it can even go as low as $6,000. Let's hope that this can be holding on and together with the influence of the halving Bitcoin can go beyond the $10,000 mark.

[NotATether]

It's good that we broke $8000 (for a little while). But don't you think that since the trading volume is so low, the price could be extremely volatile, like possibly now?

[Debonaire217]

It could be a long season of bullish trend, and for me, the tension between US and Iran now is quite serve as the fuel to start to bullish move in relation to the bitcoin halving that we are'll waiting for. Though, I couldn't confirm it as the increase in market price is quite fast, I am expecting it could fall as well with the same rate.

[michellee]

I glad that finally, the bitcoin price can touch $8000. I believe that we will have time to see another higher price, but we need to be patient because the price still trying to reach a higher rate. Maybe it will happen tomorrow, or the next week, we don't know, but I am sure that the price will increase higher. So congratulations if you already make a profit from the increasing of the bitcoin price.

[blckhawk]

Looks like it still isn't. And I expect another crash. This would be a short-lived high and we might crash back again to $7,500 or lower. The halving is still far from us. The bull run might start late-March. Though there's still the possibility of a bull run, the price spike is quite narrow and a possible large market player is on the move, but would have it dump once more before we have the bull run.

[alisonwonder]

It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.

Are you sure Chinese New Year will have an effect? I think it will be the same as Christmas. there is no significant effect. but if this time continues to break above 10k it does not mean the influence of the Chinese new year, maybe the effect before halving will have a FOMO.

[DabsPoorVersion]

Bitcoin reaching $8,000 is really good tho but will it sustain its price and won't go back to 7000 that the question before we ask what's next.

That is the main question. For this sudden pump, there is no wonder that the next thing to happen on bitcoin price is to drop so suddenly. There is always a huge dump after every sudden pump.

is this the bull run we are long waiting?

Bitcoin price going up is not always a sign of bull run we all have been waiting for years now. This price pump is just a common and unexpected thing we experience almost every month.

Yes, this might be only because of the good things that happened in bitcoin previously or there is someone really trying to pump it, but this is still far from bull run.

[nickenburg]

I have read a article the other day where they said the last 5 years Bitcoin always went up at the start of januari.
And then went down later in januari.

Here is the twitter post where the article was based on.

https://twitter.com/SalsaTekila/status/1211695710007156740/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1211695710007156740&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2020%2F01%2F01%2Fwhy-analysts-think-9000-bitcoin-price-january-possible%2F 

So based on what it has been doing the last 5 years we could see the price pump a little bit more only to go down after that.
But at the end of the year the price is always higher so dont worrie 

[Ridwan Fauzi]

Good start from bitcoin at the early new year and I hope its price will be higher again in the next mont. Seeing an information on this day that the South Korea has gave a regulation to make it easier to launch bitcoin product, see here for the further information https://decrypt.co/15990/government-body-wants-bitcoin-listed-on-korea-exchange

Basically, this kind of information will give a sustainable affect for the price of bitcoin in the future. And I'll be sure that the $8000 will be the new support for its price. More than that, the another information such as Iran which has gave an increased price a few days ago and I'm sure there will be many people who considered that bitcoin is another safe haven in field of investment.

[mindrust]

Now we run.

Joke ofc.

Now we keep accumulating. Have you reached your target networth? Do you feel financially secure yet? No? Then keep buying.

[Eclipse26]

We are just starting and we should just take it easy. It's a good start for us that it's slowly increasing to $8,000. What's next? Probably more expectation to maintain the price and increase even more. If it ever went down, let's not get disappointed because I think that's fine. But what's happening right now maybe is a sign for an upcoming bull run. So we gotta prepare.

[btc_angela]

It's gonna be interesting what will happen in the next 24 hours. Will the price be sustainable at that level, or people will look at it as an opportunity to make money again and make a sell-off. We are not yet in any bull run and there could be manipulation from behind again with this kind of gain in a day. So let's see how it goes, not expecting that the price will defend its position though, in my opinion.

[Reid]

I hope so.
To zipper the mouths of those analysts wannabe's. 
Maybe just a little run will be okay.

The halving will be like 3-4 months so I think that is still far away from now. Just for me.
But there might something going on with group of investors.
Yeah, they say there will be not much movement. But should we believe that? It could just be a bait for their own profit.
This could be the start of it.
FOMO's will come again.