BTC breaks 9k, are we on bull run?

[yummybtc]

hi guys,

just got the notification that BTC got pumped to 9k.
I saw a lot of liquidations on Bitmex alert.
from my perspective, we are on the new bull run which might be the new wave to a new high as the halving is coming very soon.
This is a good opportunity to take a look at the market of altcoins, almost all of them will be dumped due to high activity on BTC/USDx. I will take a look on the XRP might hit 0.3$ soon. This is not financial advice, it's my opinion regarding the current situation on the market.

What are your thoughts guys? Will we see the 12-15k$ in early next month?

[thebutton]

I am very skeptical with the recent development of Bitcoin's price over the past days which I think is very unusual and in fact in your statement:

Will we see the 12-15k$ in early next month?

This is exactly what I think to have driven the price this high. In my case, I do not find this the right time to purchase BTC because it may dump anytime after they realized that the movement was too sudden. It is quiet surprising tho since not too long ago (last month) the price was around $3.7k compared to the current price (which is $9.2k in Binance as of writing this). I am just waiting for the market to calm down so I can resume trading. I don't know how to proceed trading considering how unstable it is at the moment.

[cabron]

hi guys,

just got the notification that BTC got pumped to 9k.
I saw a lot of liquidations on Bitmex alert.
from my perspective, we are on the new bull run which might be the new wave to a new high as the halving is coming very soon.
This is a good opportunity to take a look at the market of altcoins, almost all of them will be dumped due to high activity on BTC/USDx. I will take a look on the XRP might hit 0.3$ soon. This is not financial advice, it's my opinion regarding the current situation on the market.

What are your thoughts guys? Will we see the 12-15k$ in early next month?

You just said it got pumped to 9k. You have a slight idea what pumped means right?

Its definitely not bullrun, its a ploy halving is few weeks ahead this could mean that after halving the whales who manipulated this will dumped all he got and all those who bought today will lose more when the price dumped to less than $3k.

[Tipstar]

I am very skeptical with the recent development of Bitcoin's price over the past days which I think is very unusual and in fact in your statement:

Will we see the 12-15k$ in early next month?

This is exactly what I think to have driven the price this high. In my case, I do not find this the right time to purchase BTC because it may dump anytime after they realized that the movement was too sudden. It is quiet surprising tho since not too long ago (last month) the price was around $3.7k compared to the current price (which is $9.2k in Binance as of writing this). I am just waiting for the market to calm down so I can resume trading. I don't know how to proceed trading considering how unstable it is at the moment.

It's not too difficult to answer. Most of the new coins sold on exchanges comes from miners and as we are approaching a halving which would essentially give miners half of the reward they are getting now. i.e. their profit would decrease to half if they kept selling the coins in the same price or even go into loss. It's a market response that's not new to bitcoin economy.

[buwaytress]

You just said it got pumped to 9k. You have a slight idea what pumped means right?

Its definitely not bullrun, its a ploy halving is few weeks ahead this could mean that after halving the whales who manipulated this will dumped all he got and all those who bought today will lose more when the price dumped to less than $3k.

Just because he said it does not make it true. If it is a pump, then sure, it'll retrace, and yeah it could even go back all the way to 3k if that leads to serious dumping -- but that doesn't mean it'll not go back to the average cost price in the time that'll follow.

This kind of price rise isn't unusual for Bitcoin so yeah, I think there's a certain degree of halving fomo coming up here. I just think it's actually sustainable given what's happened the last quarter. And yeah I know just because I think it doesn't make it true;)

[matchi2011]

hi guys,

just got the notification that BTC got pumped to 9k.
I saw a lot of liquidations on Bitmex alert.
from my perspective, we are on the new bull run which might be the new wave to a new high as the halving is coming very soon.
This is a good opportunity to take a look at the market of altcoins, almost all of them will be dumped due to high activity on BTC/USDx. I will take a look on the XRP might hit 0.3$ soon. This is not financial advice, it's my opinion regarding the current situation on the market.

What are your thoughts guys? Will we see the 12-15k$ in early next month?

You just said it got pumped to 9k. You have a slight idea what pumped means right?

Its definitely not bullrun, its a ploy halving is few weeks ahead this could mean that after halving the whales who manipulated this will dumped all he got and all those who bought today will lose more when the price dumped to less than $3k.

Lets not kill the fun and keep hoping that this so called pumped will be back up of those new investors who seen the potentials of this industry. Though chances that you are right is also needs to consider since if the definition of pumped are only created by big fat whales then expect them to liquidate
once they've already see the amount of what they've aiming to be the compensation from this market.

[CryptopreneurBrainboss]

Prior to the halving discussion been the norm in the community, Bitcoin hardly does a $1000+ price gain in 24hrs hours most especially after it price has been on a steady recovery rate since the beginning of the year. This upward price trend just have one catalyst and it's the FOMO of post halving price gain every investors in anticipating.

The news media are also contributing to this FOMO as I'm been made to understand that, there has been a spike in the numbers of news article informing its readers of the benefits of buying bitcoin prior to the halving event and many newbies are blindly investing with the mindset of not missing the price gain and an opportunity to make some extra cash especially as the current economy of the world is uncertain due to the pandemic.

[leyton11]

hi guys,

just got the notification that BTC got pumped to 9k.
I saw a lot of liquidations on Bitmex alert.
from my perspective, we are on the new bull run which might be the new wave to a new high as the halving is coming very soon.
What are your thoughts guys? Will we see the 12-15k$ in early next month?

When bitcoin rises too strongly, it will fall very fast. This is the law of finance and it is always true. If in the coming days, the price of bitcoin can rise to $ 12k or $ 15k then let's determine that we will have a bad downtrend season. Growth always takes time and we should hold in the long term. I just hope by the end of this year bitcoin can rise to $ 15k and sideway there again. That is where all the alts can grow again, especially those with strong technology and community like Tron, Link and Band.

[Sadlife]

Well we have broken massive resistance in $7700 level and $8500 so this is the reversal that we've been waiting for. And if we manage to have a green candle bar by the end of this week then we should look for higher prices. Also if the price can manage to go sideways for a week and have a small correction but quickly recovers then that's an indicator to buy more.

[Bitlover10]

Still I can't believe that btc Cross 9k. How fast btc recover from their deep. I was waiting for buying at 6k but it's never come back again after last dump when it's touches 600 dollors something. In this corona pandemic no one can believe that it will going to happend. I was also looking big price moves up and down. Its totally looks like whales games. They can easily makes 1k up and down. I don't know from where all these usdt came from. That kind of price fractuation makes me worry.. Lets see if it's break 10k or not before halving. I already loss in short 800 dollors.

[fat buddah]

my thoughts yes about 15k next month at least  if it will follow late years scenario

[Wexnident]

That's a fat close to $2k gain in 24h. I was quite shocked that the price was that high when I checked it out. And there wasn't even a steady movement of ups and downs which honestly makes me think that the price would most likely retrace itself in the next few days. Yes I'm glad it broke $9k but really, Breaking and staying at a price range is quite different and I'd honestly prefer the latter to happen instead of the former. Ofc, if it manages to stay at above $9k then everyone is happy but with how much it actually grew in just 24h, I'd honestly doubt it could happen. If somehow BTC manages to still grow higher even more than what it has already shown in the next 24h, you could probably expect a sharp drop after it in the next few days. Just hope it doesn't go back to the $3k area.

[exstasie]

That's a fat close to $2k gain in 24h. I was quite shocked that the price was that high when I checked it out. And there wasn't even a steady movement of ups and downs which honestly makes me think that the price would most likely retrace itself in the next few days.

Feels a bit dangerous, yes. Too far, too fast. It very much feels like a short squeeze. Bitfinex shorts dropping like a stone, down 45% in 2 days. Longs are up 52% in a week too.

I closed the last of my longs a couple hour ago. If it keeps going up without any consolidation, so be it. I'll be on the sidelines for a bit.

[YuginKadoya]

It is a massive pump alright but I think it will not last I think it is driven because of the hype we had on the halving which will be after 11 days from now, I would not say this is a fluctuation that Bitcoin had always done, partially I don't really want to buy at this moment and would not sell as well until the halving had ended then that will be a readying stage to make a sell and I am not encouraging anyone to really buy for now and sad but true many are in deep crucial situation regarding their financial status.

[gentlemand]

I wouldn't expect it to last and it's exactly the type of thing buyers want so all it would take is one person to spark it and then they sit back and let others do the running.

All the same it's a bit of fun so I'll take it. Any sign of life is better than watching a poo sitting there on your bathroom floor.

[Oasisman]

If you notice the price movements this year, Bitcoin can't sustain a sudden pump, It'll always have a pull back right after it breaks the resistance level. Investors nowadays is quick to sell whenever they see opportunities, that's why I'm afraid we're not going to see a "bull run", not just some speculation bullrun whenever theres a gradual rise.

Right now Bitcoin made a short pull back from $9,000 level down to $8,900. I guess massive selling just got started.

[cabron]

You just said it got pumped to 9k. You have a slight idea what pumped means right?

Its definitely not bullrun, its a ploy halving is few weeks ahead this could mean that after halving the whales who manipulated this will dumped all he got and all those who bought today will lose more when the price dumped to less than $3k.

Just because he said it does not make it true. If it is a pump, then sure, it'll retrace, and yeah it could even go back all the way to 3k if that leads to serious dumping -- but that doesn't mean it'll not go back to the average cost price in the time that'll follow.

This kind of price rise isn't unusual for Bitcoin so yeah, I think there's a certain degree of halving fomo coming up here. I just think it's actually sustainable given what's happened the last quarter. And yeah I know just because I think it doesn't make it true;)

It could. Probably there a little FOMO to it but it's just too good to be true that in less than a week the price can leap that high. More than 15% in 24 hours, without anything serious going on and no news about anything, it doesn't compute. It only adds the public's idea of BTC being a scam, the whales shouldn't be doing this.  We could just stick to the current price for 3 more years till they can't squeeze a few satoshis anymore from tiny investors.

[mahilchii]

No it's not a bullrun, actually it's halving effect and this doesn't mean it's a Bull run. FUDs and hype has become extreme and we are experiencing it, for your information BTC is again going down.

Guys this is not the right time to invest in crypto coins, market is very diplomatic so it's better to wait for few more days.

[shoreno]

your own liquidation alert  or somethibg else ? but this does not matter if its you or others because the reason you set it is because you wanted to sell and what happens when we sell ? thats right the price can do down again so i will not really consider it as a bull  .

i will only say its a bull run once btc reached a really high value  . many speculations say it will crossed 10k usd in a matter of time . thats a positive prediction but well see about that .

[ecnalubma]

Probably just another solid pump however we cannot pinpoint the factors behind this pump except for the upcoming halving event and maybe the strong demand for Bitcoin during this crisis. For the meantime lets watch this closely, we know how Bitcoin price works it could also drop hard anytime soon.