There Bitcoin goes again.

[BADecker]

As of this writing, 2:45 Eastern, USA, she's at $12,000 again.

[mindcntrol]

If it holds on september, october will be the next 2017

[livingfree]

If it holds on september, october will be the next 2017

Then what would be the December? 

Very resilient.

This is the true reason why we like bitcoin. Why others don't appreciate how quick it is in recovery despite the volatility of it, it is showing how strong it is during those corrections. Waiting to see it break the next target prices.

[milewilda]

As of this writing, 2:45 Eastern, USA, she's at $12,000 again.

Would be more enjoyable if you do post up these kind of things on WO https://bitcointalk.org/index.php?topic=178336.0  Its one of the most best threads of this forum when it comes to Bitcoins price progress.
Yeah, we did hit 12k but lets see if it would able to hold up for too long and would be playing around between 12k and 13k. If this one wont be similar situation where price hits up on 12400 and goes back down.

If it holds on september, october will be the next 2017

Everything is still questionable and no one does have the crystal ball on what would be the price on next minute.

[Oceat]

There's really a strong resistance beyond to that price since whenever it touched $12,000 it's suddenly being pulled down. I can't wait to see what's coming and nervously excited at the same time what's the price this December or next year. Maybe it would stay in 12k some time or break straight to the 15k? Who knows?

[Botnake]

If it holds on september, october will be the next 2017

Same as the last bull run, we need that October (1st month of the last quarter) to start a new bull run again but this time we will certainly see a new ATH higher than $20,000 if indeed the bull run will come. We are now very stable at $12,000, it's a good sign that there's no significant movement yet, maybe this time we will not fail to break another resistance again and next price would surprise us.

Good luck to us, hopefully more bullish movement of bitcoin will come.

[Sadlife]

The market is extremely irrational right now even the DEFI space is blowing up, and going up 100x or 1000x even with ridiculous fees. I guess this is the best time to hodl your tokens before a big pump, as recently bitcoin just bounce back and made a green monthly candle. I wonder, if the DEFI trends stops then the money flow will surely go back to BTC.

[pixie85]

There's a lot of sell pressure though from the traders.

Hard to say who we should thank for this move. Probably pump and dumpers who will get it below the top of 12400 and start selling. For them the goal is to get as much fiat out of the market as soon as possible so we can't rely on moves incited by those manipulators.

I'm still waiting for a legit wave of new investors.

[meanwords]

Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).

[roadrunnerjaiv2025]

I read this in an article about bitcoin's dramatic price surge in 2017 a while back...

University of Texas Professor John Griffin and Ohio State Assistant Professor Amin Shams claim their latest research of bitcoin transactions between March 2017 and March 2018 shows that bitcoin was manipulated through large-volume trades that drove the price up.

"This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on bitcoin that is not observed in aggregate flows from other smaller traders," the academics wrote in a paper, which was shared with Bloomberg ahead of its publication in the Journal of Finance.

If this was true, then someone has to do it again to push bitcoin's price back up to the $20,000 mark. But, I suppose a steady hover between $12,000 and $15,000 is better than a dramatic price surge that will only plunge to all-time low weeks or months later.

[rhomelmabini]

Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).

Yeah it need to break that $12.4k support first from August, right now I think it is safe to be at neutral phase I think I may avoid futures and alts as well, focus is on bitcoin by now because when it falls most alts as well. I think fundamentals is good to lean on right now.

[TravelMug]

Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).

Yeah it need to break that $12.4k support first from August, right now I think it is safe to be at neutral phase I think I may avoid futures and alts as well, focus is on bitcoin by now because when it falls most alts as well. I think fundamentals is good to lean on right now.

Yeah mean we need to break that $12.4 resistance, because that's the price the most traders are selling and make a profit. So everyone just stay calm, it seems that the price is not really holding as of the moment. Let's wait till the end of the week and see how it goes.

Let the market run thru it's normal course, we still have months to go before the end of the year and maybe we can see the price higher than $14k, for all we know.

[LogitechMouse]

As of this writing, 2:45 Eastern, USA, she's at $12,000 again.

I didn't surprised that Bitcoin reached the $12,000 price again.
What did surprise me is that Bitcoin already has a gender (she) .

Anyway at the time I'm posting this, Bitcoin is below $12,000 and again it is expected since many are dumping at the $12,000 price.

If it holds on september, october will be the next 2017

Nope it will not. Hyping Bitcoin?? That will not work right now dude .

[Janation]

It's about time we reached back to it.

I wonder how long we can stick to that price since we can actually see how hard it is to reach such a price. I think it would just drop so quickly because of the resistance to it, maybe let's wait again before the price reached that price again and might break higher price, maybe $12.5K or $12.6K at the end of the year. The price goes back to $11.8K at the time this was posted.

[Naida_BR]

If it holds on september, october will be the next 2017

People need not to panic sell evrerytime they see the price going down and the market red. 12k is a decent price that can give us a new ATH in the coming months.

[pealr12]

History will repeat itself, its like 2017 again the same month when bitcoin started to pump, from 8k to 20k, but now from 12k to $30k. It gives me goosebumps.

[buwaytress]

Not quite the dreamy heights every other defi bastard is enjoying, but I'm definitely taking this as a good sign, retracements recovering fairly quickly, and moving to weekly higher lows, when we see the higher highs come together in a string as well, that's the steady momentum we've been waiting for. Not bad, Bitcoin, not bad.

[cryptomaniac_xxx]

Not quite the dreamy heights every other defi bastard is enjoying, but I'm definitely taking this as a good sign, retracements recovering fairly quickly, and moving to weekly higher lows, when we see the higher highs come together in a string as well, that's the steady momentum we've been waiting for. Not bad, Bitcoin, not bad.

Yes, not bad specially on how we start this 2020, I would say that $12k is just a number that we need to get over. Maybe not today again, but there is not a number that bitcoin doesn't overcome, just another test that we need to overcome. Year-to-year we have seen so much growth, so let's just wait till we break that big psychological barrier of $12k.

[rhomelmabini]

As expected there goest bitcoin again doing its naturalistic volatility. That's very unfortunate to those who longs it in the future it was easy liquadated good for those who short. I played neutral and pour it instead on YFII and some are on stable coins.

[buwaytress]

Yes, not bad specially on how we start this 2020, I would say that $12k is just a number that we need to get over. Maybe not today again, but there is not a number that bitcoin doesn't overcome, just another test that we need to overcome. Year-to-year we have seen so much growth, so let's just wait till we break that big psychological barrier of $12k.

I'm all right with us breaking the tide again and again at this level. I always said that the 9k to 10k, and conversely, the 10k to 11k range were largely meaningless rides in between, the real barriers were at 9k, and then 12k. So the fact we've actually been holding close, even after profit-taking, I'm totally okay with it.

As expected there goest bitcoin again doing its naturalistic volatility. That's very unfortunate to those who longs it in the future it was easy liquadated good for those who short. I played neutral and pour it instead on YFII and some are on stable coins.

Up and down we go. The true neutral doesn't see any of this and is only waking up when current ATH is revisited;)