Bitcoin Price has surpassed $12k!!!

[pankowri]

​​Bitcoin price has surpassed the $12,000 level and is now trading at $12,1K. This makes +14% growth month-to-date and +6% during last 7 days. Most of the altcoins are in the red zone.

Cointelegraph also published an article regarding this. The link has been included here below.

https://cointelegraph.com/news/bitcoin-price-rally-to-12k-is-meaningless-until-bulls-flip-it-to-support/amp

Comment here, if you have any constructive analysis. Maybe that can help others to research the market

[cryptomaniac_xxx]

It surpasses $12k like hours again, but yeah it's good to see that levels again. But as I have said in a previous thread, $12.8 should be the next target and then we can talk of bull run. Otherwise, I'm still not comfortable as this might be a big psychological barrier for traders to make a sell-off and pocket their profits, specially who have been during the pandemic @$3k range.

[Febo]

Bitcoin Price has surpassed $12k!!!

Yes we are in August ranges now. Hopefully we will not drop back again as we did in September. Ideal would be we stay in this range fro a month and then make a leg up to $14000 range. Steady healthy growth.

[blockman]

There is one reason that I think make the recent pump. Articles are posted everywhere in social medias about PayPal and crypto. Although to us, this isn't really a very fresh news and this has been reported before. But with the articles that came out lately, this could be the main reason why we've seen a sudden pump.
(https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINL1N2HB14U)
(https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021)

[Kong Hey Pakboy]

It's really great that bitcoin have now reach and surpassed it's $12,000 price, and I hope it would stay and continue to pump this year. I also see many people would love to hold and maintain their long-term investment until bitcoin's price reaches ATH again.

There is one reason that I think make the recent pump. Articles are posted everywhere in social medias about PayPal and crypto. Although to us, this isn't really a very fresh news and this has been reported before. But with the articles that came out lately, this could be the main reason why we've seen a sudden pump.
(https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINL1N2HB14U)
(https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021)

This might be the reason of the recent pump of bitcoin because we are now able to shop and buy and sell with our bitcoins. But I am not a big fan of Paypal because I have encountered some issues and problems when it comes of making transactions online.

[wxa7115]

​​Bitcoin price has surpassed the $12,000 level and is now trading at $12,1K. This makes +14% growth month-to-date and +6% during last 7 days. Most of the altcoins are in the red zone.

Cointelegraph also published an article regarding this. The link has been included here below.

https://cointelegraph.com/news/bitcoin-price-rally-to-12k-is-meaningless-until-bulls-flip-it-to-support/amp

Comment here, if you have any constructive analysis. Maybe that can help others to research the market

Personally what it makes me way more positive about this growth than the one we saw months ago is the fact that now bitcoin is leading the way, whenever I see bitcoin losing market dominance in a consistent manner I cannot imagine any scenario in which this is not a speculation bubble, and it is obvious the DeFi market had a lot to do with that growth, but now it seems money is once again coming to bitcoin which makes the possibility of a bull run way more likely.

And this is because while there is no doubt that bubbles form in bitcoin as well at least we can be sure that there is a lot more strength on the movement since it is way harder to push the price of bitcoin than it is to push the price of hundreds of unknown altcoins.

[peter0425]

​​Bitcoin price has surpassed the $12,000 level and is now trading at $12,1K. This makes +14% growth month-to-date and +6% during last 7 days. Most of the altcoins are in the red zone.

Cointelegraph also published an article regarding this. The link has been included here below.

https://cointelegraph.com/news/bitcoin-price-rally-to-12k-is-meaningless-until-bulls-flip-it-to-support/amp

Comment here, if you have any constructive analysis. Maybe that can help others to research the market

And still climbing mate as it is now running to $12,500 run.

So in the next hours i assume that finally we will break $13k and will declare the start of Bullrun.

It surpasses $12k like hours again, but yeah it's good to see that levels again. But as I have said in a previous thread, $12.8 should be the next target and then we can talk of bull run. Otherwise, I'm still not comfortable as this might be a big psychological barrier for traders to make a sell-off and pocket their profits, specially who have been during the pandemic @$3k range.

for how many times that we reached $12k yet we still falling back to 10k

[Oasisman]

There is one reason that I think make the recent pump. Articles are posted everywhere in social medias about PayPal and crypto. Although to us, this isn't really a very fresh news and this has been reported before. But with the articles that came out lately, this could be the main reason why we've seen a sudden pump.
(https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINL1N2HB14U)
(https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021)

I have also read that news before, though that could be one of the reason, but this pump surely has something to do with big companies, corporations or individuals buying into Bitcoin. Btc is literally jumping back and forth by a hundred dollars by the time I'm writing this. There has been a huge buy out, while quick sellers are seizing the opportunity, and so short pull backs are expected once Btc stabilizes at some point after this huge fluctuations.

[stoat]

So in the next hours i assume that finally we will break $13k and will declare the start of Bullrun.

Bullrun can't be declared until ath is broken.

[pankowri]

There is one reason that I think make the recent pump. Articles are posted everywhere in social medias about PayPal and crypto. Although to us, this isn't really a very fresh news and this has been reported before. But with the articles that came out lately, this could be the main reason why we've seen a sudden pump.
(https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINL1N2HB14U)
(https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021)

I have also read that news before, though that could be one of the reason, but this pump surely has something to do with big companies, corporations or individuals buying into Bitcoin. Btc is literally jumping back and forth by a hundred dollars by the time I'm writing this. There has been a huge buy out, while quick sellers are seizing the opportunity, and so short pull backs are expected once Btc stabilizes at some point after this huge fluctuations.

Yes, I have read that article too. This is one of the reasons for increasing the price. But there may have some also.
I think the price will stabilize in this range and expectations are more from Bitcoin. Expecting a change sooner this month. Hopefully Bitcoin will cross it's last month record soon.

[DustyRah]

It is headlines on Reuters regarding PayPal allowing crypto to be bought/sold through their network.

https://www.reuters.com/article/us-paypal-cryptocurrency/paypal-to-open-up-network-to-cryptocurrencies-idUSKBN2761L6?il=0

[Poker Player]

Yes we are in August ranges now. Hopefully we will not drop back again as we did in September. Ideal would be we stay in this range fro a month and then make a leg up to $14000 range. Steady healthy growth.

The next resistance is over 14k. A little less actually. But if we pass 14k, there is no theoretical resistance until we do another ATH, although this doesn't mean that we go from 14k to over 20k without taking any steps back.

[aioc]

So in the next hours i assume that finally we will break $13k and will declare the start of Bullrun.

Bullrun can't be declared until ath is broken.

It doesn't have to be that way we can still have a bull run even if the all time high is not yet broken, and $13 k is not an indication that we are already in a bull run if there is a continuous increase and steadiness of the price, then we can call it that way, but of course we are wishing that we'll have another all time high. 

[thecodebear]

Up to $12700 right now. Highest it's been this year. I think it's finally ready to take the next leg up, after confirming high-$9k one last time recently and then building back to year highs. Could see a move to $14k soon, then maybe end the year with a correction back to $11k unless things get hot for a bit. Seems like it could finally be ready to move away from the roughly $10k valuation it has seesawed back and forth on for the past almost year and a half.

[kentrolla]

The market has gained the momentum strongly. It is very likely that we are all set to make 15k before the US election results, if the price gradually increase I am sure we are set to touch new heights in crypto market.

From the past one month the price has pumped to 16% which is a remarkable move, Seems like bull run is coming  very soon.

[Ridwan Fauzi]

Yeah, I don't know the reason why almost the altcoin price didn't follow bitcoin price movement especially yesterday.

As for bitcoin price, I have a prediction that its price can pass $13400 soon. We know we have two reasons at least for this market uptrend, firstly I believe it is about the stimulus that is being planned by the US government. Although until now we don't have any information for when the stimulus can be issued but for almost investment places like gold and the stock market are increasing. And secondly, Paypal has accepted crypto currency as a mean of the payment system, that is great news for all crypto market.

[gabbie2010]

Yes we are in August ranges now. Hopefully we will not drop back again as we did in September. Ideal would be we stay in this range fro a month and then make a leg up to $14000 range. Steady healthy growth.

The next resistance is over 14k. A little less actually. But if we pass 14k, there is no theoretical resistance until we do another ATH, although this doesn't mean that we go from 14k to over 20k without taking any steps back.

$12K resistance was broken easily due to the high volatility of the price, the next resistance at $14K will not be as strong as the previous ones I am also speculating that the price might likely pullback to the last resistance and turns support this could be at $12k else the bullish run will continue till $14K as the next bus stop, all things equal the price might reach the last ATH in 2017 before the year runs out due to the present momentum of the price.
some altcoins like LTC, ETH e.t.c also experience some bullish movement now.

[dimonstration]

Yeah, I don't know the reason why almost the altcoin price didn't follow bitcoin price movement especially yesterday.

Others might be shifting in Bitcoin as of these moment. But once BTC reached again a certain level before the election or few more days after the election and if it will not bounce back to $11k or 10k price that may result to follow some alts to pump as many will think that ETH and other top altcoins will increase too like it did before whenever BTC rises. The pump of BTC may only result due to upcoming elections and investors are finding ways to secure their investments away from stock market. Hopefully price will still continue to arise even after election.

[tomahawk9]

That Paypal news doing wonders right now, looks like it was the catalyst to the next massive surge in price (paypal giving a small bump to btc, ironic 

Earlier today, there was a 700 BTC buy wall at $13.000 on Bitstamp...Currently, it's 303 BTC     so we'll see 13k pretty soon..choo choo∿ it's the bullish train, choo choo∿

[carter34]

Bitcoin Price has surpassed $12k!!!

Yes we are in August ranges now. Hopefully we will not drop back again as we did in September. Ideal would be we stay in this range fro a month and then make a leg up to $14000 range. Steady healthy growth.

We might have started approaching the bull with this price breaking $12k. The end year season has been consistent to be a time for the rise of bitcoin. This has happened in 3years now but with difference in rate of price increase.