rdbase
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January 07, 2020, 08:54:23 PM |
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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.
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btc_angela
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January 07, 2020, 09:12:32 PM |
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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 really don't know the exact reason for the current surge of the price. But I wouldn't be too complacent with the current push, I don't think that the bulls are back in town. Maybe some whales are behind all of this pump, maybe crypto investors are back, we really can't say for now. If we continue and trigger a growth to 5 digit then it's good. Otherwise we might see a pullback again to $6900 range. So let's see how it will move up to the end of the week.
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bitbunnny
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January 07, 2020, 10:08:00 PM |
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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.
Actualy it's not funny, that is how Bitcoin is functioning. Price can change very quickly and sometimes that surprises us because we are not prepared. However, I wouldn't draw conclusions too early about recent price pump. It's yet to see if this is just temporary price pump or some growth that will last longer period of tiime and bring us some significant positive price change.
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hahay
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January 07, 2020, 10:33:02 PM |
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The bull's return or not I'm just passionate about the pump that happened recently, because with the pump that happened at least we can make a conclusion if this year will be a good year for price growth in the crypto market. Indeed, it is still very possible for prices to fall again because maybe this is a trap or just a temporary pump, but at least with the events that will happen later I believe prices will continue to increase consistently.
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robelneo
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January 07, 2020, 10:46:03 PM |
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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.
It's a sign but we still need a few days to weeks before we can confirm that we are at the beginning of the bull run, nothing is confirmatory here, everything still is, speculation, there is speculation of Iran events as the event that move the price of Bitcoin, others are saying it's the halving, we'll have to see if these two are the factors or just anyone of it or another info or events.
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maxreish
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January 08, 2020, 12:02:55 AM |
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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.
No one really know what could be the reason of the small pump that is happening. But IMO, it was because of the supply and demand in the market. If you can see market situation, a demand for btc is higher and the supply is currently lessen that is why the small bull run performed. I am positive that it can slowly recovered and back into $10-12k. I can smell some bulls with upcoming weeks.
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MURONDI
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January 08, 2020, 12:44:05 AM |
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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.
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lienfaye
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2020, 02:15:13 AM |
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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.
This could be because of the halving. Investors are buying additional bitcoin to hold before the halving occur because they believe it has a positive impact to the price of btc that can lead to bull run. Well we cant really say the real reason and whatever it is I dont mind as long as btc is showing improvement.
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KnightElite
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January 08, 2020, 02:40:20 AM |
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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.
It's a sign but we still need a few days to weeks before we can confirm that we are at the beginning of the bull run, nothing is confirmatory here, everything still is, speculation, there is speculation of Iran events as the event that move the price of Bitcoin, others are saying it's the halving, we'll have to see if these two are the factors or just anyone of it or another info or events. There is a sign but the confirmation is still what we need. As long as the price will hold to its support then the bullish trend will come. A lot of articles and opinions in the forum about the bullish market that may come, there are now people got hyped to the price but we still need confirmation in the chart. We should only make a move if we fully understand the price action and it is better to not depend to the other people's opinions.
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maydna
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January 08, 2020, 06:59:51 AM |
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Perhaps, these situations can attract bitcoin to get the bull run to appear to us, so we will see bitcoin price can start to increase more than the price now. Besides having a pump yesterday and today, bitcoin price trend still going to go up, and we might see another high price soon. We still need to be careful on this day, although we have a good trend to see a bitcoin price increase. We don't know what will happen later. If the price can break $8500, then I guess that will be a good time for bitcoin to rise and break another higher price.
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danherbias07
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January 08, 2020, 07:30:09 AM |
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Not the Jedi? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yeah, the halving could be one of the most reason when we try to figure it out. Why? Because not much events are happening right now except for the Iran-US fight. I guess that will not really shaken the financial market. So yes, because there is not much option for now. The halving it is and the FOMO.
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nicolas1979
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January 08, 2020, 08:19:32 AM |
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I don't see it as good sign for buy back or replace money in investment program. My opinion, this is only correction. Some people make bait to persuade people enter market and take their money in second. Need more significant movement and if just 2% - 7% is nothing, don't follow it. We need to see the different between real and fake movement. Be patient, stay calm and next week will be our time for buy back.
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Dart18
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January 08, 2020, 08:48:39 AM |
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Could be one of the good reason. I saw a thread in some discussion about FOMO's getting back. Yes, they might be here by now. Seeing a good bull of $1k, those fomos might be already in the shadows lurking to buy any time. Maybe even with just a little dump they will take it as already a cheap price. It is difficult though to find more reasons about this.
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Dhoe
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January 08, 2020, 09:02:06 AM |
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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.
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exstasie
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January 08, 2020, 09:02:14 AM |
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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.
I've been saying since the low $7Ks.....this is the most bullish price action I've seen in months. No point coming up with a reason; let's just call it "excess demand overtaking weak supply." There is still a shitload of resistance to get through (the 20-week MA for starters) so I don't want to jinx it. But it definitely feels like the bottom is in. The bearish sentiment of the past 2 months is panning out: all those bears are starting to buy back. Once the market pushes towards $10K and starts holding above the long term MAs, I'll be more comfortable declaring a mid-term bull market.
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pajak666
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January 08, 2020, 10:46:53 AM |
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Halving will not have an effect on prices until a few months after it occurs. Miners need to capitulate (hold in this case) and stop the inflow of BTC to the market for prices to go up. Most people will not do that as they have bills to be paid and it can not wait. Price going up right now is simply a FOMO and the way for people to profit from the shorting opportunities that present themselves like here and now. It is all speculation on our minds lol. There is no reason for btc to grow up now and it will not get past 9k until late of 2020.
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Divinespark
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January 08, 2020, 11:15:47 AM |
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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.
Certainly the main reason Bitcoin has been rising over the past few days is the political situation of the US and Iran. Tensions have increased today as Iran has launched retaliation. I believe that in the next few days Bitcoin price will quickly rise above $ 10,000 if the conflict is not resolved. Bitcoin will most likely reach ATH much sooner than expected because of this conflict. Buying bitcoin is now the most appropriate time and waiting for the profits to come to us
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onrise
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January 08, 2020, 11:26:32 AM |
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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 .
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matchi2011
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January 08, 2020, 11:37:28 AM |
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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. Possibilities are always there but remember to do a good research before jumping into conclusion. There's some good run and if you made it in a perfect timing you'll be able to catch up the right profitable position. This can be a good start for this year to bring bull into reality.
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samcrypto
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January 08, 2020, 12:20:00 PM |
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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.
He’s tired on a lower level and now bitcoin is slowly moving for a better price. Real cause can’t be known, but its good for bitcoin to go up despite of the situation of world economy. 5months before the halving and maybe its the reason, but let’s not conclude yet and wait for the peak of this up trend. Don’t sold your bitcoin yet we can still see bitcoin on a 5 digits again this month.
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