Nice Increase in Price but What Next??

[bitbunnny]

From beginning 2020 bitcoin has been pumped almost 8 to 10% and still continues and now bitcoin price $7768 as per coinmarketcap and got 4% hike I hope that Bitcoin going to cross 10k mark within in end of January because there are all positive talks going about bitcoin and crypto and right situation for bullish in crypto market.

It's really a good increase of bitcoin price today! It was like 6800$ 1-2 weeks ago. seems that 2020 is probably a good year for bitcoin, hope this increase of price will continue during this whole year and we'll probably see a new high peak of bitcoin's price by the end of this year, probably 50k$ if everything will go well.

A market value of 50000 usd is a bit unrealistic knowing how early it is, at this moment. Things could still change but I hope that uprise would be more dominant than possible downfall as months are passing by. What I am pointing out is that, assuming for a future market value for your investment is just fine, but expecting too much won't be a good idea because you could be carried away that much and might possibly make absurd deisions.Take note of this market's past as a guide.

It's not only a bit unrealistic, it's totaly unrealistic and exaggerated. Of course that maket growth and price rise is expected but real conditions in the market should be taken into consideration and current potential for price pump. And 50000$ definetely isn't the possible goal to reach any time soon, we have to be aware of it.

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[Smitty Werben Man Jensen]

It looks like the next one after this rally is some correction.  After reaching $9k a few days ago, it stayed at $8.6k for some days before giving in and move lower to $8.4k.    This is probably a retracement for more accumulation before rallying towards the 5 digit price.

When you only watch the charts it may seem as if the growth of bitcoin and another bull market are inevitable but I am not so sure yet, when I see the other factors that charts do not take into account I am not so sure that is the case, I really believe we will have to wait until after the halving to begin to see some important positive movement in bitcoin, and what does this means for the current price? Most likely we are going to move sideways for a very long time.

there are similarities in the Bitcoin price chart in 2018 and 2020, if Bitcoin is not able to pass $ 9300 it seems that the decline will re-occur until after halving, precisely in Q2 , keep looking at the chart, it is very important if you are a trader

[criza]

Since the start of this year 2020. the price of Bitcoin have been through ups and downs. It gained its all time high this year at $11,500 but, in the present its faced many struggles and have decreased greatly from its former price in $10,000+. Lest, we should hope that this could only be a sign of a correction and would make a comeback in the coming days as the halving event comes closer.