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Author Topic: Bitcoin popped $10 000  (Read 951 times)
Qcrypto (OP)
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May 07, 2020, 11:46:00 PM
 #1

Bitcoin is officialy back to $10 000 again. Right before the halving it seems. Last time Bitcoin was over $10k was back in February this year as recorded by Coinmarketcap.



But $10k BTC was short lived.

The Coronavirus pandemic sure played it's part in bringing the price back down.


Bitcoin seems to be very resilient and it did not took much time for it to bounce back to $10k.
3 months later, it's back where it was.




Also, check this crazy Sell order on Binance at $10 000 mark of 883 BTC, which translates to nearly $9M. While it did hit $10 000, it did not break it, yet.




Next up is halving which everybody is excited about.
What are your expectations?


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May 07, 2020, 11:46:20 PM
Last edit: May 08, 2020, 12:01:02 AM by Qcrypto
 #2

While it did hit $10 000, it did not break it, yet.


PS. Just broke it as I'm writing this

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May 07, 2020, 11:48:51 PM
 #3

PS. Just broke it as I'm writing this

Holy crap! That's very awesome news, a few months back I bought half a BTC at 10k, I knew it wasn't going to be long to recover, but damm this is definitely sooner than anticipated.
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May 07, 2020, 11:56:21 PM
 #4

It isn't surprising as the halving time is only a few days left. We can see that investors are very enthusiastic to buy Bitcoin. As a high demand in the market, the price can continue to rise up. Except if most investors are starting to secure the profits and satisfied with the current price, then probably the price decrease gradually.  

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May 08, 2020, 12:12:29 AM
 #5

Looks like it didn't have the momentum to follow through in a strong way, it's back until $10k now but is still testing the resistance regularly.

I'd like to see a strong break over $10,100, then we'd probably see it spike up to around $10,800 and get rejected at $11k.

Either way, a small pump is usual before the halving, don't get greedy because a significant dump usually comes straight after (before another massive pump again).

I'll be long at $10.1 and short at $10.8.
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May 08, 2020, 12:40:45 AM
 #6

Bitcoin price in almost all exchanges are +$10k right now but it is still lagging between $9990-$10,010.
It is great to see 5 digits again and especially before the halving  Smiley

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May 08, 2020, 12:55:07 AM
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 #7

Some discussions in speculation sections are saying that this grow might be the end of bear market. I don't really expecting this to break all-time high but beating all-year high is a possibility. This might be a profit point from some investors so we will see if this price will last long enough or not.
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May 08, 2020, 01:05:12 AM
 #8

Looks like it didn't have the momentum to follow through in a strong way, it's back until $10k now but is still testing the resistance regularly.

I'd like to see a strong break over $10,100, then we'd probably see it spike up to around $10,800 and get rejected at $11k.
Bitcoin has moved to its very interesting phase. The ride of bitcoin makes people who feared and cashed out or got liquidation at prices below $4k during the pandemic effects and announcement of WHO will deeply regret for what they easily lost.

I am waiting patiently for it crashes especially flash crashes in coming days. It is a time of FOMO but experienced traders will never use high leverage tradings at the moment. Unfortunately, there are many types of traders on the market, and newbies tend to use as high leverage tradings as possible. Then they will get sucked.

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May 08, 2020, 01:07:45 AM
 #9

To The Moooooon!!!!!!!!!
On serious note tho, i dont see any new ATH soon. It needs time, it needs years so it will be short rollercoaster by me Wink.
Enjoy while you can tho and its a heven for day traders for sure.
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May 08, 2020, 02:17:48 AM
 #10

I'm not surprised by the sudden pump to $10,000. I mean this is to be expected because of the 'news' about the block halving. And I'm sure this is the mental goal of others here, to see Bitcoin getting into that 5 digits again before the halving. But what more interesting is how it is going to hold after the halving. Can it sustained it run a few days after or will there be a massive dump because everyone wanted to take profit at a side? The price increase doesn't seems to be organic, yes there is FOMO and sell the block halving news. So the anticipated part is how it will do post-halving.

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May 08, 2020, 03:16:43 AM
 #11

thanks, a short order is opened Smiley
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May 08, 2020, 03:26:32 AM
Last edit: May 08, 2020, 03:37:33 AM by Lorence.xD
 #12

I knew that it was going to go back to 10k, I was saving my bitcoin until it reaches that cap even if that rise is midway I do not care because I haven't invested a lot of cash when I first bought it so an increase in two-folds in my investment is not that bad.

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May 08, 2020, 03:57:16 AM
 #13

I think Bitcoin is starting to grow well, and many are waiting for a sharp price volatility to buy again!!But I do not know if the forecast is correct Grin
Most crypto investors are very much waiting for the effect of halving,And it remains an important event in influencing the price of bitcoin Kiss
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May 08, 2020, 04:32:39 AM
 #14

The huge dip during the pandemic was just a cover up as If Bitcoin was greatly affected by the corona virus. IMO, the whales manipulated the market and took advantage of the pandemic. Look at how strong Bitcoin's recovery.

I will be expecting a short pull back once Bitcoin hit the $10,000 mark again. After the halving, Bitcoin will surely skyrocket and If we'll going to have a good run, Bitcoin might hit another ATH.

R


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May 08, 2020, 04:39:28 AM
 #15

The huge dip during the pandemic was just a cover up as If Bitcoin was greatly affected by the corona virus. IMO, the whales manipulated the market and took advantage of the pandemic. Look at how strong Bitcoin's recovery.

I will be expecting a short pull back once Bitcoin hit the $10,000 mark again. After the halving, Bitcoin will surely skyrocket and If we'll going to have a good run, Bitcoin might hit another ATH.

My wallet is ready Cheesy

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May 08, 2020, 04:41:37 AM
 #16

Some discussions in speculation sections are saying that this grow might be the end of bear market. I don't really expecting this to break all-time high but beating all-year high is a possibility. This might be a profit point from some investors so we will see if this price will last long enough or not.
you mean all year high is now?because this year  the highest price is almost
11k$ meaning we only need to Hit 11,000 and thats
 all?i believe we can pass even the highest price of 2019 in which 14,000
because we are in halving month now and this year
 will be a record holding again(i wish it will) though the expectations died
just in past hour when the price falls down to 9k
level again like now we are at 9,800 specifically.

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May 08, 2020, 04:42:14 AM
 #17

Everybody is expecting it as there are only a few days before the halving. Everyone is expecting it to go up more once halvong is done. Good thing I have filled my wallet with some BTC when it dipped during the 1st part of the Pandemic. Atleast here is one good new amidst the lockdown and pandemic.
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May 08, 2020, 04:45:25 AM
 #18

It is expected that bitcoin will hit $10,000 because of halving just couple of days but it won't be sure it will stay in that position and it will drop a little when halving commence then it will it hit hard going up again and expect bull run will be definite. We can now agree that it will be good sign that bitcoin will now show its dominance despite the pandemic we are facing right now.

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May 08, 2020, 04:53:52 AM
 #19

It isn't surprising as the halving time is only a few days left. We can see that investors are very enthusiastic to buy Bitcoin. As a high demand in the market, the price can continue to rise up. Except if most investors are starting to secure the profits and satisfied with the current price, then probably the price decrease gradually.  

Market is really moving as the halving is approaching. People who buy bitcoin as early as they can will surely benefit from this growth in price, because the demand in the market is consistently increasing. Never become contented about the price because there is always something more about the bitcoin's price. It's volatility can make it increase and increase its price than you imagine so it is not a good choice to stop on that certain price, always look forward for more profit. Secure your coins and most of the investors are losing money because of greed, you shouldn't do that. Always look for a possible and good outcome with just proper manipulating and investing of money. Too much greed is really bad and just let bitcoin do it itself.
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May 08, 2020, 04:54:43 AM
 #20

I think it will continue to go higher and will prove that even with this pandemic, it has no effect to bitcoin at all,

It is also expected by most bitcoin holders that bitcoin will go to the moon because this is the same thing that happened on the previous halving, for sure, history will only repeat itself and we will experience another all-time high again.


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