Return of the bull?

[Beparanf]

It was funny how it was $6000 before the new year and now it above $8000.
Some people speculate it is the call of an incoming war on the horizon. But I just cant validate this being the reason why.
It was a sudden spike in a week just about the same time this happened. So it could be a correlation but I just dont see it.

The rise seems to happen due to the war tension between Iran and US and due to which many other Fiat currencies have also risen. The prices will continue to rise till the issues does not get resolve compeletely and settle down peacefully .

War should not happen, they need some peace talk to resolve the problem as many uses bitcoin to keep their assets to hide in traumatic war that may happen, that's why the price increase. It's sad that because of this war price increase happen, we wanted it in different way. In a peaceful adoption and acceptance of many countries.

[crossabdd]

those are some of the other reasons bitcoin is pushing for a bullish market. I am interested in these 3 reasons that bitcoin will go up.
- it is possible that bitcoin has abandoned bearish patterns and movements.
- Halving is coming for the next few months.
- great news about bitcoin trading in iran. and conflict in Iran VS US.

[Hallmader]

Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.

There are a mixture of different reasons for sure. Halving is one of them for sure. It is also possible that the events turning out in the Middle Eastern region of the world have pushed some investors to shift into crypto. It is also possible that Bitcoin is bought more than sold right now.

[hendra147]

It was funny how it was $6000 before the new year and now it above $8000.
Some people speculate it is the call of an incoming war on the horizon. But I just cant validate this being the reason why.
It was a sudden spike in a week just about the same time this happened. So it could be a correlation but I just dont see it.

The rise seems to happen due to the war tension between Iran and US and due to which many other Fiat currencies have also risen. The prices will continue to rise till the issues does not get resolve compeletely and settle down peacefully .

War should not happen, they need some peace talk to resolve the problem as many uses bitcoin to keep their assets to hide in traumatic war that may happen, that's why the price increase. It's sad that because of this war price increase happen, we wanted it in different way. In a peaceful adoption and acceptance of many countries.

and some people choose "gold" to save her money, we can see the price of gold rising and im sure will not down like bitcoin, because gold very unique asset, but for digital life and easily to use, bitcoin is the real best option to save our money.

[Ferris419]

Yes, it can be the return of Bull run like the previous year! In 2019, Bitcoin price went nearly 14K USD, this year we can hit 15K USD within Q2! The crypto market environment is very positive at this moment! We may see more big jumps in the Bitcoin price very soon! I predicted Bitcoin price will cross 8K USD in January, but never thought it can happen even before 15th Jan!  

[davinchi]

I am not entirely sure there was a "excess demand", I can agree on the weak supply but this was "expected demand" for bitcoin, not like suddenly everyone was buying bitcoin left and right and there was a huge buy wall or something like that, none of that happened for bitcoin, however the sell pressure got lower and lower which meant there was less people who are willing to sell for 7k, and buyers just bought all of it when the sellers stopped, then there was people at 7.5k, 8k all bought up because there was less sellers.

Looks like that will continue for a while as well because people are not yet willing to sell at these prices, I suppose there is a common understanding right now that bitcoin worths more so there are only few traders that is left selling at these prices.

[asus09]

Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.

Halving still three months later and too early when talking about bitcoin raise up to higher price because halving, but have one way why make bitcoin raise up to higher price today and why many people looks invested whit bitcoin as their investment assets and way to keep holding their money and increase whit higher price.

[Rub3n]

Gold and Oil are getting more expensive, Bitcoin (was) is a nice option if you look back and the yearly trend on this period.

[ololajulo]

I have been worried to see the movement in price in last few days but I understand the regular pull back at every pump before we see the sporadic movement in coming weeks to break the previous ATH. The market is still healthy and greed index is getting fair on the confidence to buy bitcoin. It is more of accumulation from same bitcoin maximalists that know the low is gone

[vintages]

Since the recent price increase in Bitcoin from 7k to 8k, many people have been attributing this pump to some bull. I really don't understand the perception towards this. Do we now believe that there won't be any price pump in the price of Bitcoin till some bull alters it? This perception is wrong, IMO.
Personally, all I see is price increase as a result of market interaction and activities. The market is not dead people.

[gabbie2010]

no one knows the exact reason, maybe it has something to do with the news that is happening, maybe because it's approaching "bitcoin halving" but without it all in bitcoin technical analysis also began to show a positive trend, hopefully this is a good start for bitcoin.

Today Bitcoin prices indeed show a significant price increase, Many believe that this is because of the conflict between Iran and US where Iran has fired dozens of missiles at US military bases as revenge. But I see this only as the beginning of price increases ahead of Halving Bitcoin.

The sudden pump might likely be as a result of tension between the two countries the price of bitcoin had shown a tremendous increase since the beginning of the crises till today however immediately after President Donald Trump press release on the aftermath of Iran firing some missiles into US bases in Iraq there was a sudden dump in the price of bitcoin from $8300 to $8000.

[royalfestus]

I still dont have the news of those who will be in the market this year, we just feel the halving is capable of raising the price it self. Last year was activities of the institutions and money movement from altcoin to bitcoin. I dont see much of movement from altcoin to bitcoin this year cause the weak hands have left the altcoin space. Exchanges are quiet at the beginning, I guess they are looking for the top exchange moves to decide the market move this year. Lets watch out for the participation of Government this year.

[Kyraishi]

I would say so.

A lot of people want to attribute the tensions in Iran and the gold price spiking to bitcoin's bull run. While this could have been a contributing factor I don't think that it is the main reason.

I think that the main reason is still due to bitcoin's natural price cycles which operate on around a 4 year basis each time. 2020 was bound to be quite a bullish year full of bitcoin rallies after 2019 continued to be bearish in the second half, at the very least, and with the halving coming up it's no surprise.

[Shinpako09]

Although we've seen progress this past few days, it's too early to say that bull is back. I believe we are still at bear market, that improvement isn't enough to call a bull. The price didn't even sustain at $8k. Don't forget about Chinese New Year, it's possible it may cause a price fall. For me, if we crossed $15k, that's the time it's safe to say that we are already at bull run. Anything at $10k could be another bull trap but if another country will join the war (hope not) that can possibly trigger the bull run early.

[Triffin]

Gold and Oil are getting more expensive, Bitcoin (was) is a nice option if you look back and the yearly trend on this period.

that’s true now a day best choice to invest your money is bitcoin because bitcoin has good value in market as it had successful journey in market. Now so many people sold all their assets and moved to crypto (bitcoin).  It’s almost bull because price made progress and it has become $9000 in few months from $5000 that's why soon market is going to be bull soon.

[ReiMomo]

Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.

We dont know what exactly happened because that is an unpredictable thing. Now, Bitcoin price was slowing down and I think we are now again facing a long term correction of price in Bitcoin. It breaks from the recent up of $8k and now it back again to $7k range price but still, no one knows what will happen. Who knows the price will go up after the next halving of bitcoin just like what happened the previous one.

[thisnewcoin]

I don't know the main reason behind the recent pump, some say halving hype is the main reason and some say Iran and USA collision is the reason behind it! It can be because the bitcoin price already started falling down when the Collision is over!  Personally, I think Bitcoin halving still far away, Bitcoin price won't get good umps at this moment because of halving hype, it will reflect on October- November of 2020!

[$crypto$]

It turns out that the pumping didn't bring bitcoin soaring and now it's back down, so I think this bullrun is still not here yet, maybe there are some turbo influences right now.
But we will see in the next few days whether this pump will continue to exist because this could also be the influence of halving that will be approaching so that the pumping is happening now dump.
I would not have thought that the fall in prices now caused by the pope.

[karanggatak]

I think the rise of bitcoin a few days ago was indeed affected by the Iran and American conflicts. when relations between the two countries heats up the price of gold, oil and bitcoin have increased. while some joint stocks suffered a decline. and these two days the value of bitcoin has decreased and returned to the level of $ 7k. by looking at this chart I think the bull market is not here yet. right now we are still in the bear market.

[sunsilk]

Reasons over reasons and we're all speculating what's the cause of the sudden price pumps and now that the price starts to drop again, I guess everyone will still look for the reason why the prices are like that again.

We thought of halving and also the timely issue of Iran and US potential and now that it seems that there will be no counter-attack, the price starts to get lowered. But in all of this, we don't know the actual reason behind that and we will still lean to the most factor of the prices and that's the normal cycle.