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

[killerfrost]

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?

Since bitcoin has remained steady at 7000$ for several months, I have known that the bull market has begun. We are currently in the first phase of bull run in 2020 and the next milestone I am expecting is that bitcoin will rise to 10000$ or even more. I hope in Q3 2020 Bitcoin can break with ATH again because Halving is coming and more investors are coming to this market than ever before.

[1714775911]

1714775911

[tungaqhd]

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?

What a good signal at the beginning of 2020 but i am worry that the price will drop soon as usual because there is no positive information behind this small run.

[jossiel]

Let's wait until 24 hours or so if there will be a retest and dip coming.

What a good signal at the beginning of 2020 but i am worry that the price will drop soon as usual because there is no positive information behind this small run.

There is but it's more of a rumor and the other one is the halving.

The rumor is about the war that's about to happen which being said to impact bitcoin positively. The next one is the approaching halving, everybody is looking forward on it and positive sentiment is coming towards to bitcoin. Everyone just want to have it before the reduction of block reward comes.

Because the result of it will make mining bitcoin more expensive.

[Gotumoot]

Price of bitcoin now are just increase and decrease maybe theirs some hype happening now thats why price of bitcoin increases to $ 8000. I think price of bitcoin will dump again to $7,500 - $7,900.

Because there's a lot of fud will happen especially that big whales wants to buy cheap bitcoin maybe they will create more fud.

[lienfaye]

Im not sure about the reason of this uptrend but its nice starting the year 2020 thinking positively due to the current status of the market.

This might be another scene of how the market works as high volatile so better not to expect too much.

I think this is related to halving and investors are accumulating btc before it started.

[matchi2011]

Im not sure about the reason of this uptrend but its nice starting the year 2020 thinking positively due to the current status of the market.

This might be another scene of how the market works as high volatile so better not to expect too much.

I think this is related to halving and investors are accumulating btc before it started.

With each news that spreading especially the war from US and Iran there's significance that wealthy people from middle east who wanted to keep
their money are using this chain as diversions, not really sure but the possibilities are there.  Bitcoin is moving upwards and the chance is much higher
to keep its position and find a good barrier.

[harizen]

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?

Actually touching $8,000 shouldn't be a big deal, at least for now. Yes, growth is growth and that's somehow erased the thinking that we may not see a good run within the early phase of the year but all we need to do is to just allow the process to goes through and see what will happen next.

In other words, "don't expect".

Is this the start of the bull run that the majority are waiting for? No one knows. Just continue to accumulate whatever the trend is.

[Aying]

I am not in hurry, still gathering more info and wait patiently. maybe, another days to wait so we can assure that the price are trusted and we will know that the bull run is coming and maybe it is affect for the current news and some of newbies are collecting this info and make an idea to invest or it becomes too late to earn more profits.

[tsaroz]

It's a good start for the year and may still be the best time to buy bitcoin before the bull. This is basically the correction of last dump and we would see the price rising in the months of March, April and May. I don't expect the price to reach $10K before March as the market has too many resistance around that price.

[White Christmas]

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

Bitcoin is rapidly increasing right now and at the last 24 hrs it almost reach around $8,000 and that brought the speculations of many people and there are so many speculations who are waiting until on it because if we touch on that price there is a huge possibility that the bitcoin may go until $8,800 and $9,000 so it may really triggered the bitcoin bullishness due to the rapidly increasing of it. Beholding the bitcoin halving there is really a possible that this is what we are waiting for too long the bullish and the rocket of the bitcoin on this year. We are hoping and waiting to its continues increasing until the next 24 hours.

[trumpman]

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?

Nobody can answer this with 100 % certainty.

Personally, I'd have no problem if it just hovered (or had small gains here and there) around the 8k mark  for months or even a couple of years before we see it exploding to a new ath. The longer it's stable the more I will be able to accumulate after all! However, I feel that after these two long years the psychology of the market has started to change and more and more people think it will start to go up. Which means more people will start buying again. Plus the halvening is near so imo there is a good chance we see a new ATH this year. And with the stock market bubble getting bigger and bigger, I am sure many investors will take a profit and some of that profit will hopefully flow into the cryptomarkets! So all in all, I am not sure if 2020 is the new 2017. But I think it's gonna be a good year!

Oh well, time will tell!

[bamboylee]

Let us wait if this can be sustained. If it can, my guess is it can be a start of a parabolic curve but if not, it is just another twitch on the price and will soon return to just above 7K.

In other words, "don't expect".

This one got it right. Continue what you are doing and we can revisit this when we reach maybe 9-10K.

[awaydolly]

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?

Bitcoin is a volatile currency. Price can hike as well as dump to any extend. We can't predict what can happen next but each time whenever bitcoins go on peak, they also dump the same so perhaps bitcoins might touch $7500 again and then it might start growing again. We might be entering bull run as 8000 was a target and once it is reached most of the whales are now waiting for the next target to reach. Once bitcoin hits next target, price can be hiked more. But we can't predict the bull runs until and unless bitcoins crosses atleast $10k which seems a bit difficult at the current situation. Let's hope that the price remains constant and crosses $9k soon so that we can then expect the bull markets.

[veleten]

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?

we just touched it , but the resistance at 7800$ seems to be strong enough to not let it break through > 8k for now
it is pointless to predict bitcoin price , but everyone is waiting for a miracle run to happen , forget about the six figures
five figures would be awesome , especially if you take the coming halving into account
this year should see bitcoin get in the 10k area and , hopefully grow from there
for now we should be happy if it stays in the 6.000-8.000 corridor , gives plenty of opportunities to buy and a good profit for the traders

[Kasabus]

That's a good news for all of us who are waiting for bitcoin to be bullish back again.

However, we can't be sure if it will continue to rise as it could fall back again like what happen in the past, this isn't new to us, the price is so unstable and we can't be too confident that we are going to the market that we are hoping.. honestly, I have a mix feeling now, quite hesitant due to the past price movement I witnessed but I just have to be happy because once again the entire marketcap is back at over $200 billion.

[Linkkoin]

t I just have to be happy because once again the entire marketcap is back at over $200 billion.

This is really good information, as the bigger the market cap and trading volume, the harder it is for whales fully control the market.

[angrybirdy]

It is hard to tell what will happen next since the market is really hard to predict. The only thing we could do is to wait and let us hope that what is currently happening will continue, but we should not expect too much. The possibility that the price might drop its price again is still high.

[Lucius]

At last something's happening, but it is possible that it was just a bull trap - Bitstamp is showing $7800 currently. A long period without significant price increases causes some to take the opportunity to profit (buyers who buy under $ 7000), and yet, on the other hand, some may think that the bull run has started and will start buying. I think it's just a matter of whether the whole thing weighs on the bear side or the bull side.

Personally, I think it's too early for any pre-halving effect, and that nothing important will happen before March or April, but the cryptocurrency market is one of the most unpredictable. The price is still good for investment, and I will point out once again that everything under $10 000 is actually cheap, of course, if you share the belief that Bitcoin is still far from reaching its full potential.

[LogitechMouse]

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

The recent movement of Bitcoin is an show that it is in a bullish run right now although I don't want to expect too  much on it because anything can happen on it.

What I want to see right now is staying about the $8k mark at the end of the week so that we can confirm that we are in a bull run already. Pulse momentum of it is turning from downside to upside already and the resistance which is around $7760 has been broken and it also broke the trend line. A good sign but just always ready.

[goldade]

What's next is that we wait and hope it doesn't fall back below that. No one can predict what will happen to the market value of bitcoin. It rises and fall.
I'd have said we  believe it wouldn't fall but then there was a bullish rise in the price of bitcoin towards the end of 2017. Bitcoin rose to more than $15,000 and so many speculations came out saying bitcoin is going to remain that way,  rising steadily. However, early 2018, there was a sharp decline in the price and it's just about going up. Hopefully, it will.