BTC and ETH on their 2 years high

[Tipstar]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

[Yogee]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years.

This is wrong. BTC reached $12K twice this month. Check CMC historical data https://coinmarketcap.com/currencies/bitcoin/historical-data/

.....Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

If only we have a crystal ball to accurately predict where the market is going but, sadly, we don't.

There are opinions that the new money flowing into bitcoin is coming from the stimulus packages and that may be true. Some say people are choosing bitcoin and gold as 'safe haven'.
 
Ethereum's price, on the other hand, is being driven by the ethereum 2.0 and maybe even by some DEFI projects hype. Some dubs it as the "next big thing" in crypto.

 

[Argoo]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

Various recent events in the cryptocurrency market and in the world in general indicate that the price of cryptocurrency will continue to grow. Now very favorable conditions are developing for this. Soon we should see how a decentralized cryptocurrency will behave in the context of its first global economic crisis. This could significantly raise the price of bitcoin and other potential cryptocurrencies.

[bitcampaign]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

there is still correction in the next few weeks, but I don't know it will drop drastically or not, but I see it won't go down too deep, I still have ETH in my wallet and I bought it under $ 200 a while ago, I already make a profit now, but I didn't sell it for up to $ 1000, hold it now

[Coyster]

This is wrong. BTC reached $12K twice this month. Check CMC historical data https://coinmarketcap.com/currencies/bitcoin/historical-data/

Op missed when btc reached 12k last week IIRC, I think it's cause it had a short stint in that price, which makes me believe 12k may be the resistance for now. From my speculations though, btc will break the 12k resistance price and move to around 15k before the end of the year, and 2021 holds quite a lot in stall for us.

There are opinions that the new money flowing into bitcoin is coming from the stimulus packages and that may be true. Some say people are choosing bitcoin and gold as 'safe haven'.

I don't agree when people say it's the stimulus bonuses, and citizens are using it to buy bitcoins, I can't know for sure how much of those packages flowed into the bitcoin market, but I'm sure a large chunk of it entered into the food markets. People are choosing bitcoin to evade inflation and devaluation, I think that's the case imo, you heard the news about MicroStrategy firm? The government is printing money left, right and center, there's the possibility of an inflation coming, and with the recession due to corona virus, people are fleeing to bitcoin to retain value of their asset

[BIT-BENDER]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

There will not be a one time correction or a fluke increase, over time we would/should see little draw back/fall but matched by increase/spike in bitcoin and ethereum. Am excited already -but in cryptocurrency our six senses, emotions, knowledge- must be check mated. Interest in ethereum has rising -i can say this from the interest coming from people I know- now we talk crypto-coin more.

[Jawhead999]

Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

Still in bullish because Bitcoin will continue bull run, it also will make ETH and altcoin in bullish too. We're in recession... economy crashes, banks will collapse since people withdraw their money, stock market crash, fiat in decline... only gold and bitcoin is the save haven investment right now.

Last week gold hits new ATH, also Bitcoin fill follow up soon

[Sanitough]

The timing is unexpected, so I guess there will be a surprise this year and bitcoin will continue to rise, and altcoins will follow especially the top altcoins.
At the current price, it's not impossible for bitcoin to break its current high as it has done some surprising move in the past, particularly during the last bull run.

Honestly, it's hard to predict the market, we can only say our prediction now but there is no assurance it would happen.

However, based on the market movement where majority of its movement are bullish, I think it's likely to see a bull run and a new ATH this year.

[lepbagong]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

bitcoin has even penetrated $ 12K several times but has fallen back to the position that has been going on in the $ 11K-S12K range, and of course ethereum is quite surprising even though it is the same as bitcoin but ethereum currently continues to increase, if it breaks $ 400 ethereum has been several times and when this is a pretty significant price.

I hope this shows the much awaited change from Bitcoin and Ethereum, of course with other altcoins as well. we hope that these increases are well maintained and come back down. because it takes more time to move up even though there is still quite a long time.

[Cnut237]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

The current rise, which has been going on for a while now, is all about ETH. It makes a change from everything being about bitcoin!
Bitcoin couldn't break and hold above $10k. And then suddenly ETH started a surge, on the back of anticipation of 2.0 and some DeFI FOMO.
ETH then pulled the other alts up too, and eventually bitcoin followed, pushing through and holding above $10k because of the momentum imparted by ETH.

And then for the last few weeks, ETH has been struggling to break through that huge $400 barrier - look at the historic charts, $400 is a crucial price point for ETH.
And now, finally, ETH has broken through, which is why it is surging again.

What next? I expect ETH will continue to rise, pull up everything else as well, but then overshoot and have a bit of a correction. Where it will all end up is anyone's guess, but I expect, given the effort it took to break through, that there is some big momentum behind ETH again, and that when things calm down again, it will hold considerably above that $400 threshold.

[TeraBite]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years.

This is wrong. BTC reached $12K twice this month. Check CMC historical data https://coinmarketcap.com/currencies/bitcoin/historical-data/

.....Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

If only we have a crystal ball to accurately predict where the market is going but, sadly, we don't.

There are opinions that the new money flowing into bitcoin is coming from the stimulus packages and that may be true. Some say people are choosing bitcoin and gold as 'safe haven'.
 
Ethereum's price, on the other hand, is being driven by the ethereum 2.0 and maybe even by some DEFI projects hype. Some dubs it as the "next big thing" in crypto.

 

Agreed with you BTC is keeping eye on $12k resistance once it will be successfully conquered than it will move towards to test level's resistance. Overall market sentiments are looking very bullish and so many good news coming from the big countries and they are rushing towards this magical cryptocurrency. So let's see how it will manage to keep on the way to the moon.

[Cnut237]

BTC is keeping eye on $12k resistance once it will be successfully conquered than it will move towards to test level's resistance.

I still think this is all about ETH rather than BTC. It's hard to argue that the ETH-driven whole market rise isn't the reason that BTC finally held above $10k.
If ETH continues to surge upwards it will bring other alts and then BTC along for the ride.
Often it is BTC that pulls the alt market along. But sometimes ETH is in the driving seat, as the only alt strong enough to pull up the whole market.

So I think the question of whether BTC breaks that $12k threshold in the near future depends largely on what ETH is doing.

[pealr12]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

I think bitcoin will surpass $50k after 2 years and eth will probably makes its new ATH by around 2500$, cryptocurrency will like a the most influencial assets of that time.

[rajsimran]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

If you have been following the market closely for the past three weeks there's always correction it's unnoticed because it happens only in a few hours but it's quick to recover and bounce back we can safely say we are in a bull trend but don't be too so sure we have seen how the market quick to dip.

I don't think that we are in the bull trend. Because the market not moving rocketly. moving slowly. BTC is expected to rise more because this year BTC halved. As you know if BTC price moves Altcoins also move. Because most of the altcoins follow BTC moves. I think should hit more than 15k$ -20k$ in 2020.

[superving]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

I can see bullish trend for btc and eth including the top 100 coins on cmc,  market is just recovering and we will see another increase next week that will continue till the end of the year

[leea-1334]

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

Bitcoin reached the 2 year high about 2 or 3 weeks ago though, above 12k again last week, so no, Bitcoin is still just below the 2 year high:)

And Ethereum well. I thought it was retracement time,,, but those who held on even when it went down to $376 must be feeling really proud of themselves.

[Febo]

BTC and ETH on their 2 years high

Bitcoin is not on its 2 years high. 13 months ago Bitcoin was $13000.  I am sure very soon Bitcoin will be at 2 years high, but not right now.

[Desscount]

I see increasewill continue to happen but not high Maybe within a week ethereum and bitcoin are in a corrective state the rest of the increase occurs
that's what I see right now

in my view there will be no major correction, Bitcoin is staying at the price of $ 11000, and this indicates that if the support is strong,
I am sure that $ 13000 within this month can be reached

[ethereumhunter]

I am sure that all of us happy to see the new ATH this time because we are waiting from a long time ago to see that price. But it is only beginning, I am sure the price will get higher than now, and we have a big chance to see $20k again in the future. We need to be patient while waiting for the new ATH because that will not happen in a short time. After all, bitcoin price needs to make another correction before the price can reach the other higher price. That will happen too with ethereum.

[Pamadar]

I am sure that all of us happy to see the new ATH this time because we are waiting from a long time ago to see that price.

For sure, especially those holders who bought when the dip happened to touch $80 and still holding up today.

But it is only beginning, I am sure the price will get higher than now, and we have a big chance to see $20k again in the future.

With how things is moving there's really a high chance that it will bring more for holders especially people who take it as long
term investment.

We need to be patient while waiting for the new ATH because that will not happen in a short time.

It will take time, only those who have long patience will enjoy maximizing their benefits.

After all, bitcoin price needs to make another correction before the price can reach the other higher price. That will happen too with ethereum.

Anticipating this and not to be shaken is very good move, hold if you have certain goal in terms of value.