BTC is making some noise in the market.

[adzino]

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!!!

True. The initial drop we saw was probably mainly due to people going on to panic mode when they saw the stock market crashing along with economy. They thought bitcoin is going to crash too, thus they started to sell and the domino effect took place. Eventually though, the stock market is still going to down, but the price of bitcoin started to recover. At least the upcoming halving event gave people some hope and made them hold their coins. Let us see what happens next.

[stomachgrowls]

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!!!

5% increase wont be considered out as a halving effect.We should remove into our minds that kind of presumption because talking about that percentage is just like a typical movement of the market.

People are really fan on tagging up crypto market with traditional markets and to current economic condition but this one proves out that crypto nor be affected or not.Its always been unpredictable since from the beginning.

Now we are already close to halving and this recent increase doesnt particularly connect into this one.

[samcrypto]

We have to wait and see if the up trend is healthy or not, we can’t be too excited for this pump. Well the noise is not that much since we know the capability of bitcoin if the noise spread out in many countries and I’m waiting for more with bitcoin. The only reason I see for the recent pump is the halving, we are so close into this one and people are speculating that much about the halving, people have to prepare for this.

[Reid]

I also asked myself why the hell it would rise amidst all this problem in financial industry.
Then, people are spending for food and necessities against the virus.

Now, there is only one news I remember that could really make the price soar like this.
The stimulus check.
I guess it really made an effect to the bitcoin price. They might really be looking forward for the halving.

[michellee]

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!!!

That is good for us. We can sell some altcoin and bitcoin if we want to get a profit. Although we still tried to recover the losses, we can reduce the amount of the money that we want to recover, especially if we can make a profit over and over at this moment. I am not sure if the price goes above $8k can be a sign for the bull run to be back because I think the bull run will happen after the price can start to increase step by step. Right now, we don't see the price can begin to rise so high, but it stops at a price now, so maybe we need to wait for more.

[danherbias07]

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.

Is it really bitcoin which is in the center or is it altcoins? There is a possibility they just pass thru bitcoin to buy their supported altcoins.
Although there is already USDT, they might gone thru the old way of doing it.
Or is it possible that they think more altcoins will be receive in buying it with the use of bitcoin. 

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!!!

No, it is not the halving effect yet. It happens after a year.
Let us assume yet. The pandemic is still there and if this goes longer people will need the money back, withdrawing their coins. Bitcoin or alts.

[Febo]

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!!!

Bitcoin also lost a lot in last months. If you want to measure pandemic then check Bitcoin price from January first when first cases started in China. Bitcoin gained 5% in that time. Price went from $7200 to $7580. Reason for that is that so far all countries will increase their debts a lot to give money to people and to companies. So economy will not suffer much. How that will actually happen we will see. Price of Bitcoin will react accordingly.

[akram143]

Stimulus check and halving? But what caused the price of bitcoin to increase in that short term period which could be the stimulus check and people who has liquidated their money from stock market entered into crypto market since they saw the price recovered from $4000 to $7000 in very short time.

[coinfinger]

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!!!

Well it was expected, not the increase but a movement. Think about it, bitcoin is in a situation where the whole world market is moving one way or another whereas bitcoin was stuck at around 7k and it didn't moved for days, almost a week, that is not really going to sustain for too long.

That means bitcoin eventually were to move and this time it was up, I wouldn't have been shocked if it was downwards neither, as long as bitcoin moved that was something I expected. Thankfully I have bought some bitcoins when it was under 6k, I said I wouldn't sell until 10k and it is getting closer to that level, I am going to stop buying now because it went up a lot more than I anticipated but I am not going to hold it and not sell it until it is over 10k because I believe it can reach there in 2020.

[Yamifoud]

Stimulus check and halving? But what caused the price of bitcoin to increase in that short term period which could be the stimulus check and people who has liquidated their money from stock market entered into crypto market since they saw the price recovered from $4000 to $7000 in very short time.

They'll be taking the risk of diversifying their assets from the stock market into crypto. Maybe they are looking for a greener pasture and that they rely on crypto because they expecting that halving could pump the market but it looks impossible as we are not done from the economic loss caused by the virus. If they could catch that price and wait until today, they're making it right but if they are just doing it by now...there is no assurance for it.

If we saw that 5% incline and break the resistance once again, for me isn't Bullrun yet. Not unless if we surpass the $10k resistance. As for now, Bullrun is out from my sight IMO.

[FanEagle]

Diversifying is actually something quite good when we are talking about financial world. However people actually do not really realize this all the time, and sure people who are not interested in crypto may not want to invest into it right away from the stock world, it is not really that easy for someone who have no idea about bitcoin right now to move from the stock world to bitcoin world in a day, it will take a lot of research to move that way.

However it is actually a good idea to diversify, sure it doesn't have to be crypto, you can move from stock market to commodities like gold or real estate or whatever depending how much money you have and if you want to move to crypto as well to add in that portfolio, that would be just a nice little bonus.

[carlfebz2]

Diversifying is actually something quite good when we are talking about financial world. However people actually do not really realize this all the time, and sure people who are not interested in crypto may not want to invest into it right away from the stock world, it is not really that easy for someone who have no idea about bitcoin right now to move from the stock world to bitcoin world in a day, it will take a lot of research to move that way.

However it is actually a good idea to diversify, sure it doesn't have to be crypto, you can move from stock market to commodities like gold or real estate or whatever depending how much money you have and if you want to move to crypto as well to add in that portfolio, that would be just a nice little bonus.

Well it depends into your capacity if you can able to diversify into various markets or type of investments and i do agree on what you have said that traditional investors would really have that hesitance on jumping directly to crypto since they will surely still question into their minds if it would really give out profits into them or not.It just depend if you would take the risk or not because we know that profitability always matter
to those people who do tend to take risk,yeah its risky but you would need to take such step if you do like to benefit from it.Its a matter of choice though.

[buwaytress]

Stimulus check and halving? But what caused the price of bitcoin to increase in that short term period which could be the stimulus check and people who has liquidated their money from stock market entered into crypto market since they saw the price recovered from $4000 to $7000 in very short time.

Yawns, no. Bitcoin really doesn't need that kind of drop in the ocean to go up so much. Market moves like these are normal and hardly ever needed a reason in the past. Besides, coinbase said the numbers from stimulus amounts jumped 4x. Similar in binance. That's really not anything to jump about. Won't have made for a sustainable jump in price anyway!

[Spaffin]

Already in the beginning of 2020 there was so much bad news that I was tired of seeing negative forecasts regarding cryptocurrency.  I think that we should still look at what is happening and in the near future from the point of view of the new generation and the greater acceptability of high technology by young people. Undoubtedly, before and after halving, the price of bitcoin will only strengthen, since the volatility of the cryptocurrency will increase and investors will not miss this opportunity.  But since we are on the verge of a new world order, many millionaires will seek an alternative for investment, and bitcoin is one of the most sought-after assets for this.  I believe that the demand for cryptocurrency will increase due to the gradual collapse of the banking system, due to its closeness and static.

[Dart18]

Nah, I don't see that yet.
This looks like a normal pump.
It ain't the product of the upcoming halving yet.

Maybe we will all feel it sometime in 2021. There might be buyers that will come but they will absolutely run when they see just a little profit.
Then we will see another dump which could be a good chance to buy.

[Barbut]

Nah, I don't see that yet.
This looks like a normal pump.
It ain't the product of the upcoming halving yet.

Maybe we will all feel it sometime in 2021. There might be buyers that will come but they will absolutely run when they see just a little profit.
Then we will see another dump which could be a good chance to buy.

We watch the price every day, for us changes are normal, and if we don't see a couple of thousand dollars rise we will not call that noise, for us 10% up or down is every day fluctuation, a normal day in the crypto market. It's like that for us, but for people around and new people, we can't say the same thing. Bitcoin is making noise for years and noise is getting louder for them, soon the entire world will hear it and dance on that noise.

[Japinat]

We needed that so traditional investors will be able to notice bitcoin, now we can prove that in tough times, bitcoin is the best solution for an investment.
Hopefully people will start getting in now, and hopefully they are the real reasons why bitcoin was quite bullish in the past few days.

[el kaka22]

$7700 was not something I was expecting this quickly, I did expected bitcoin to go up in price eventually but I wasn't expecting something this big this quickly. I would have expected $7000 to happen by now because we were always close to it and always trying hard to break into it but there was a big resistance in $7.3k that people were talking about very harshly that it would be very difficult to break.

Look at us now, we are at $7.7k right now and that $7.3k resistance looks so funny, people talk about resistances like they are there to stay and never could be broken, but the reality is whenever we try to break a resistance, the wall itself drops without us working too much because people remove their orders and we move beyond it very easily, so they put a new resistance and when we go up we break that easily as well.

[hahay]

Yes, hopefully this pump will continue and if it is true that prices continue to rise, then the decline so far proves not to be entirely due to the worsening world economy and about the pandemic itself. If the season returns during a pandemic like this, of course, this market will make noise because there will be more and more people coming and competing to make a profit during this time of global crisis.

[TIDOVEE]

I am critically observing too. The price has been going up in few days is the halving effect taking place already?but I don't think we can hit bull run so quick. The pump I see now is not really reliable. Haven't we received pumps like this late last year and it was just bubbles. To be sincere, we need to see the bull run to have the real noise of bitcoin in the market and even beyond.it's been a while I enjoyed bitcoin as the cool money it is meehn!.