Bitcoin soars to $8,400 amid Middle East Conflict, breaking Three-Month all high

[DreamStage]

This past year has been a mixed bag for Bitcoin and altcoins alike, but things are looking especially sunny as of late. BTC dominance has also yet again overruled the markets as it recently skyrocketed to a fifteen-week high.

The Bitcoin bulls have continued their momentum again during this morning’s trading session in the eastern part of the globe as the cryptocurrency top-dog reached a seven-week high of $8,450.

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We can confirm such News since price jumped 19% since 2020 start, purely 1 week ago.

Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.

Could continue to grow up as more targets get hit maybe. And tensions rises.

What price you think the new all three month all high will achieve?

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[Twinkledoe]

Though it is good to see the sudden increase of bitcoin price but it is not heartwarming to see the imminent war happening in the ME. Many lives will be lost in this process and I hope both sides will consider the impact of this situation and not overwhelmed by the pride that they need to protect.

[casperBGD]

yeah, it is up due to conflict on the middle east, but gold is now down, since reaction from middle east was not that harsh as expected, and BTC stayed up, which is good

this price movement basically confirms that BTC can hold value in case of hedging the risk, nevertheless, we need more confirmations of this theory in the future, to have better understanding of BTC price movement

[DeathAngel]

The price increase could just be a coincidence & nothing to do with the US & Iran conflict.
The halving is getting near & historically the price does rise in anticipation of the block reward halving getting close.

[msarro]

Though it is good to see the sudden increase of bitcoin price but it is not heartwarming to see the imminent war happening in the ME. Many lives will be lost in this process and I hope both sides will consider the impact of this situation and not overwhelmed by the pride that they need to protect.

Many anti war activists like me are raising voices to stop another blood shed in the world. Dont know how much price more we have to pay to create peace in the world. Bitcoin may go more up if there is conflict but many lives will go down in the process.

[ChrisPop]

We had a wonderful start of the year, but let's not feed ourselves with hopium. As I said before there is still plenty of resistance above us and until we don't break above the $9500-$10k psychologic price I'm not making big dreams. The bulls have plenty of momentum indeed and there are some good chances that we break $10k before the halvening in my opinion, but again - that's just guessing. I encourage everyone of you to make your own analysis of the markets and make decisions carefully.

[electronicash]

news was that Iran just launched missiles hitting Us military base in Iraq. not sure if its true but if it is then i guess they escalate this into what it is. they just can't stop themselves but to hit back as soon as possible.

We had a wonderful start of the year, but let's not feed ourselves with hopium. As I said before there is still plenty of resistance above us and until we don't break above the $9500-$10k psychologic price I'm not making big dreams. The bulls have plenty of momentum indeed and there are some good chances that we break $10k before the halvening in my opinion, but again - that's just guessing. I encourage everyone of you to make your own analysis of the markets and make decisions carefully.

yep good start of the year. i kept watching the price last night, its growing nonstop. there had been good updates to wait this year and a war that's coming.

[djsugar]

This price appreciation is definitely not because of the Iran. Technicals clearly stated that the price is gonna rise because when some support gets tested again and again, bears lose volume and then it gets invalidated. This is exactly what happened with the support of $6800. Thus, bull got the whip and the price went up breaking resistance of $7600 and $8200.
Iran has nothing to do with it.

[BitcoinsGreat]

Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.

Could continue to grow up as more targets get hit maybe. And tensions rises.

What price you think the new all three month all high will achieve?

Do you mean the more missiles are fired and more the situation is tense, the more bitcoin will move up ? If this is the reason for bitcoin pump, then i am not in favor of it. I do not want the world peace to be destroyed and can't be happy because bitcoin is rising because of this.
Although i do not believe that War is the only factor of bitcoin pump lately.

[The Sceptical Chymist]

I'd be happy if bitcoin crashed if it meant that a war could be avoided.  But I'm not so sure that this escalating Trump conflict/impeachment-distraction is responsible for what bitcoin's been doing.  Sure, the timing would suggest that's the case, but I really don't think people are flocking to bitcoin as any sort of safe haven asset.  Gold & silver are up, but not all that much, and those are what I'd expect to see jump if we were expecting anything close to a world war.

We had a wonderful start of the year, but let's not feed ourselves with hopium.

Lol at the "hopium" term, never heard that one before but I know exactly what it means.  We're only 7 days into 2020, and a lot can happen.  I'm happy with bitcoin being where it's at right now, but there's no guarantees that this is going to be a sustained movement.

[maartenhaha]

We can confirm such News since price jumped 19% since 2020 start, purely 1 week ago.

Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.

Could continue to grow up as more targets get hit maybe. And tensions rises.

This time, bitcoin has proven its top commodity position at the start of the new year and hopes that the rate of increase in bitcoin in the following months is higher. Still, I do not expect the tension of Iran vs. America to be more serious even though it has a positive impact on bitcoin.

[dothebeats]

The price has since normalized and is back to the lower regions of $8000. The recent surge in volume, perhaps, was caused by the anticipation to Trump's speech regarding the missile attacks of Iran to the US troops stationed in Iraq. Of course, traders want to make a big deal about it hence the recent price surge and increase in volumes in all exchanges, but the moment Trump issued out his statement regarding the tensions--which, thankfully has subsided--the price went down almost immediately and is treading carefully back to its normal level just a week before all of these happened.

Hopefully everyone calms their horses now after Trump declared that the US does not want any war and it is ready to embrace peace if Iran stands down which, it appears to be doing as of late.


The first week of 2020 is a massive catastrophe for the whole world.

[Mia44]

Bitcoin has risen to $ 8450! It will be a good signal if BTC does not increase its price because of the risk of war in the Middle East, and because of news it will also come down because of news.

[xZork]

I agree that the bitcoin price is rising due to conflicts between the US and IRAN, but the situation is calming so the price of bitcoin will not be able to rise too high in the coming days. Perhaps from here until the end of the week, the price of bitcoin will tend to decrease.
Although the tensions between the US and Iran have dropped and the bitcoin price has dropped, I am really happy about that.

[acdc]

The price increase could just be a coincidence & nothing to do with the US & Iran conflict.
The halving is getting near & historically the price does rise in anticipation of the block reward halving getting close.

I don't think the halving affects the price of bitcoin in recent days. Bitcoin is a sensitive currency to the political situation in the world so I hold the view that the price of bitcoin has increased in recent days due to tensions in the Middle East.

[LUCKMCFLY]

It is notable that if the increase in Bitcoin prices has to do with Iran's missile attacks against US troops in Iraq, it is due to the emotions of speculators and investors, it is certainly a sign that the market is moving by emotions, we can not forget that we are close to the Bitcoin halving, some analysts talk that the price can reach $ 12k, however, it is mere speculation, it is not yet known if that movement is short term, it only remains to wait.

[kryptqnick]

Why do you think that the reason behind the pump is the risky actions of Trump and increased tensions between the US and Iran? Today a plane of Ukrainian airlines crashed shortly after going up in the air at the central airport in Iran, even though the plane passed a technical review a couple of days ago, it was in good state and the crew was experienced. Would that affect the price as well?
I think Bitcoin is up because it's been don't for too long. I don't see how Iran-USA could affect it that much.

[Slow death]

current price $8070:



Donald Trump's speech today shows that for now there will be no war episodes, it means that if people were actually buying bitcoin because of a possible war they are disappointed at that point, my question is:

How long bitcoin will managed to stay above $8000?

Bitcoin Just Got Rejected at $8,400, And It Means a Big Fall Ahead  ( I hope they are wrong )

[tomahawk9]

IMO the shitshow between Iran and USA has nothing to do with the BTC price. The uptrend started in January 2 after the bears' last attempt to tank the btc price resulted in them getting destroyed by the bulls. There's been nothing relevant going on in the cryptosphere yet the price has been going up since the year started...So i'll just say that the last spike in the price was another one of those increments we've been seeing over the past few days.

I think the real news today is that the massive non-stop spike in the price finally stopped (for now). That's good, we could either see some consolidation (many people believe that a good sign that the bear market is over would be to see the price consolidating above 8k) or a correction (completely normal after almost a 13% increase in less than a week). Either it's fine by me (:

[stompix]

Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.
Could continue to grow up as more targets get hit maybe. And tensions rises.
What price you think the new all three month all high will achieve?

So if the US bombs Teheran it will reach 15k, if the US invades Iran 25k and if nukes are used 100k....
If we go full nuclear and the entire human race is wiped off this planet it's going to hit 2 billion a piece!!!

Slowly but surely bitcoiners are turning into war mongrels and disaster loving people.

We had a wonderful start of the year, but let's not feed ourselves with hopium.

I'm pretty sure same have already eaten an entire bowl of flakes..or snorted it...

I'd be happy if bitcoin crashed if it meant that a war could be avoided.  But I'm not so sure that this escalating Trump conflict/impeachment-distraction is responsible for what bitcoin's been doing.  Sure, the timing would suggest that's the case, but I really don't think people are flocking to bitcoin as any sort of safe haven asset.  Gold & silver are up, but not all that much, and those are what I'd expect to see jump if we were expecting anything close to a world war.

It's not people looking for safe heaven are for the making the price go up but bots, I 've seen some discussions that there are even in our crypto trades bots that do buy based on market reactions, for example, if the price of gold goes up by x% just how there are bots trading oil futures that rely on events from the middle east only.  Don't know how many those are but a single upward movement at the right time might trigger another set of bots to do the same and when seeing that humans FOMO kicks in and there you have it...