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Author Topic: BTC is making some noise in the market.  (Read 543 times)
mahilchii (OP)
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April 23, 2020, 05:18:01 PM
 #1

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

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April 23, 2020, 05:43:17 PM
Merited by CryptopreneurBrainboss (1)
 #2

Bitcoin doesn't make noise in the market. It addresses the market so that altcoins make some noise by following its route. Indeed it's a pleasure to see that bitcoin going past 7400 level. But due to current uncertainty, it will be hard to maintain it!

There has been few news around that US people are buying bitcoins with the $1200 help money that they have recently received from the government. I don't know the consequences they are going to face later on, but if it's true then the market is probably responding to this event!

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April 23, 2020, 06:00:22 PM
 #3

If you consider just 5% increase as noise then I don't know what you'll call the double figure percentage increase bitcoin does on several occasions. The increase wasn't unexpected as it has been knocking on the door for quite sometime now. It could be said, the market hasn't be responding as positive as we all expected considering the halving event is just days ahead yet no strong signs of a positive reaction until few hours ago. Probably, the market is just responding to be positive news all around the industry lately.

Coins like Stellar lumens (XLM) with its recent gains are the coins you can point fingers at for been noise makers in the market as I don't see any reason for their recent price increase yet the project just keep gaining value as the days goes by.

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April 23, 2020, 07:14:45 PM
 #4

Today's 5% upward climbing of bitcoin value is not so surprising to me. When a destructive virus has hold up the trend of the world,s income, bitcoin has opened its door for all to invest and make profit. Millions of business men are now passing idle time by shutting down their business but bitcoin investors are successfully continue their business because there has no risk of Corona virus and no government obligation to pause it. That's why many new comers are entering the bitcoin market and making investment in it. Now many short investors are also being attracted to invest in this market that helps to turn the bitcoin market upward in the present pandemic situation. At this universal investment field, bitcoin is the always leader and other cryptos are the followers. I think, this positive trends of the market will continue......I say, STAY AT HOME, INVEST IN BITCOIN MARKET, BE SAFE.

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April 23, 2020, 07:38:00 PM
 #5

Bitcoin doesn't make noise in the market. It addresses the market so that altcoins make some noise by following its route. Indeed it's a pleasure to see that bitcoin going past 7400 level. But due to current uncertainty, it will be hard to maintain it!

There has been few news around that US people are buying bitcoins with the $1200 help money that they have recently received from the government. I don't know the consequences they are going to face later on, but if it's true then the market is probably responding to this event!

That money is supposed to b for their food while locked down. They'd be losing money in the end, its a disaster again for them and they will treat BTC as scam. Its expected BTC will drop after this price pump today. How often are they going to print to give away another $1200?
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April 23, 2020, 07:41:58 PM
 #6

Tomorrow (April 24) the closing of the futures for December 16, 2019... The day after tomorrow (April 25th) Binance is leaving for maintenance! Which is amazing right after the closing of the futures... Grin

This weekend there may be even more powerful movement on the  market! Wink
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April 23, 2020, 10:55:59 PM
 #7

I don't think there 8k USD is going to be another bull, not yet, the whole market has a red flag because of this crisis and it's difficulty to imagine such scenario during this pandemy
But I'm happy that price is increasing slowly, and above 7k USD, I prefer to stay solid in this situation instead of volatility, it's more healthy to our stress  Grin
You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.

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April 23, 2020, 11:16:34 PM
 #8

Way too optimistic about the 5% rise eh? Well, you could be disappointed once Bitcoin starts going down again, but nevertheless your optimism and others too can possibly turn it into a bull run considering the block halving is coming closer, or there are other good news in crypto space that causes a slight upward movement from what considered as a normal back and forth swing from the past couple of days.
Anyway, that $8,000 would be the resistance level, If get pass through it then that'll be a good news despite the struggle of pandemic.

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April 23, 2020, 11:21:49 PM
 #9

I don't think there 8k USD is going to be another bull, not yet, the whole market has a red flag because of this crisis and it's difficulty to imagine such scenario during this pandemy
But I'm happy that price is increasing slowly, and above 7k USD, I prefer to stay solid in this situation instead of volatility, it's more healthy to our stress  Grin
You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.

This only shows that even if we have a not-so-good situation that everyone is experiencing, it doesn't stop for bitcoin to grow in the market. And with the upcoming halving, people will have more interest on bitcoin. I'm excited how will this event will contribute in bitcoin's performance.
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April 24, 2020, 12:27:05 AM
 #10

This only shows that even if we have a not-so-good situation that everyone is experiencing, it doesn't stop for bitcoin to grow in the market. And with the upcoming halving, people will have more interest on bitcoin. I'm excited how will this event will contribute in bitcoin's performance.
Bitcoin is just being a Bitcoin. With these recent pumps when we touched again the above $7,000 after falling it last week, it's kinda a pullback for me and small retest at $7,500+.
This is indeed a good sign for Bitcoin especially the halving is fast approaching, let's hope the weekly candle will close above $7,500 and we can see interesting coming weeks for Bitcoin.

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April 24, 2020, 02:56:45 AM
 #11

only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

I have no offense to you OP, but is it just me, or is it that such price movements are SO COMMON with bitcoin and with the cryptocurrency space in general that I don't think it's worth creating a topic for it? It's just 5%. We've had A LOT bigger price increases in the past.

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April 24, 2020, 02:58:58 AM
 #12

Bitcoin price is very violation, only change 5% / day it's not surprised to me. Moreover in crisis situation, the price will change quickly... you can look how crude oil, stocks, fiat, and many other investment price is dropped so much. We are now in crisis situation not in recover, so the price is not stable and very risky.

You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.

Indeed, most people doesn't have much money to invest again especially if people invest in crude oil and stocks. They're afraid and worried to lose this money like his old investment, moreover many employee/worker got laid off or salary cutting from their company. They will only using his money for buy a food for surviving in this situation.

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April 24, 2020, 03:57:39 AM
 #13

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
I do hope I can enjoy it but 5% still not enough for me to let myself chilling with enjoyment. As you can see, halving is closer but there are probably other reason of this pump and we can assume it is, but the truth is the whales are just playing their hands again. Do you not noticed how fast the market moving last night? Like what other said, this is just a common scenario and we cant simply say a bull run could trigger anytime. If there is a huge pump you know what happen next and sometime the pump it made is the double of the dump it will have.
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April 24, 2020, 04:01:53 AM
 #14

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
Glad to see the market is moving, but don't expect much on it, yes the halving is fast approaching but the effect is not as powerful as we all anticipated, we use to be very confident when halving is coming but we are in an uncertain time, we should be grateful that the market is stable until the world fixes itself, investors will then be looking for the market to invest again.

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April 24, 2020, 04:52:47 AM
 #15

How this small pump of 5% made  noice in the market? We have been experiencing a stable price since last week. Thus, I wasn't surprise at all when it pumped to $7600. Or even higher pump than that.
 Don't be overjoyed yet. Though it has a good sign of bull run but as long as the resistance level isn't broke yet, there is a possibility of dumping again.
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April 24, 2020, 05:44:32 AM
 #16

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

I wouldn't consider this a noise, have you noticed when the price went from $7200-$6500-$6600? Can you call that a noise as well?

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

Just be careful what you wish for, maybe this is just a bear trap being set so I wouldn't be confident to say that we will going to see $8k and bulls are in the upper hand. Most of the time this kind of jump is either a indicative of a manipulation or bear trap, don't catch a falling knife here.

 
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April 24, 2020, 06:58:30 AM
 #17

bitcoin is THE market, there is nothing else. when it moves it defines the market direction. and altcoins (if you look at their price against bitcoin) get dumped right away as bitcoin price rises.
besides you are getting excited for a tiny fluctuation (5%) not a rise. it would be a rise if price was testing $8k or broke that resistance otherwise anything below that is just background noise.

This is what people were desperately looking for,
only newbies who think they are "bag holding" bitcoin are desperate for such actions. otherwise anybody else who is aware of bitcoin potential is accumulating it and wishes the price stays here so that they can buy more of it. Wink

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April 24, 2020, 04:55:40 PM
 #18

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
First of all, bitcoin nit making any sort of noise or fake market trend and if the situation of the pandemic didnt happen bitcoin would have experience some unbelievable surge in price but the recent surge in price of bitcoin shouldn't be expected to happen simultaneously until bitcoin block halving totally occur.

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Findingnemo
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April 24, 2020, 06:13:57 PM
 #19

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
Some analysis says that US stimulus package has been the reason behind the spike on the market and even officials from Coinbase has commented about $1200 trade orders.But this is not enough to consider that we entered into bullish trend because still people all over the world suffering from lockdown so they may tend to liquidate again if the period gets extended.

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ScamViruS
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April 24, 2020, 08:20:48 PM
 #20

Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

It is wrong to think $8k bull market because the current market is going up, it is difficult to say that the market is safe or risky now. Because the whole world is now suffering from the Corona virus panic. No one knows how long this condition will last. Crypto follows the traditional market. Now most of the countries in the world have lockdown which is making the economic situation worse every day. So here is another reason to think about it.   

Bitcoin's price may increase as halving is coming. After Halving, it will be understood which trend Bitcoin will follow. And the situation of the world, which way to go is also a matter of observation.

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