Bitcoin broke $13k today

[dothebeats]

The price jump is probably caused by PayPal announcing its interest in cryptocurrencies by making its payment processor available for use at cryptocurrency sales. The jump was almost instantaneous, with the 3H chart displaying nothing but positive reception from traders. Of course, the price immediately returned back to high $12k levels but as of this moment, it has returned to $13k and has since picked up a rather slow pace in price movement, possibly due to some traders already cashing out earlier today and some are still asleep on the other side of the globe.

While the events of today somewhat paint a picture that a bull run is incoming, I honestly don't think that PayPal's good news is enough to carry the momentum forward and sustain it until something favorable for bitcoin comes along the way. It's a good day regardles.

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[dunfida]

The price jump is probably caused by PayPal announcing its interest in cryptocurrencies by making its payment processor available for use at cryptocurrency sales. The jump was almost instantaneous, with the 3H chart displaying nothing but positive reception from traders. Of course, the price immediately returned back to high $12k levels but as of this moment, it has returned to $13k and has since picked up a rather slow pace in price movement, possibly due to some traders already cashing out earlier today and some are still asleep on the other side of the globe.

While the events of today somewhat paint a picture that a bull run is incoming, I honestly don't think that PayPal's good news is enough to carry the momentum forward and sustain it until something favorable for bitcoin comes along the way. It's a good day regardles.

There's no other reason that we can presume on whats the actual thing or reason for this price jump which we cant think off anything but only with that good news came from that
Paypal accepting out crypto.Now we are on 13k mark and holding somewhat as of this moment.I wont be surprised if the price will somewhat give out some pullback or would just
move a little bit stable into this level.Im not really expecting that much that this will be enough driving force to lead into bull run and same as you said where this is much better rather than have nothing
at all.Its good to see for a little bit long time into this price.

[target]

The price jump is probably caused by PayPal announcing its interest in cryptocurrencies by making its payment processor available for use at cryptocurrency sales. The jump was almost instantaneous, with the 3H chart displaying nothing but positive reception from traders. Of course, the price immediately returned back to high $12k levels but as of this moment, it has returned to $13k and has since picked up a rather slow pace in price movement, possibly due to some traders already cashing out earlier today and some are still asleep on the other side of the globe.

While the events of today somewhat paint a picture that a bull run is incoming, I honestly don't think that PayPal's good news is enough to carry the momentum forward and sustain it until something favorable for bitcoin comes along the way. It's a good day regardles.

There's no other reason that we can presume on whats the actual thing or reason for this price jump which we cant think off anything but only with that good news came from that
Paypal accepting out crypto.Now we are on 13k mark and holding somewhat as of this moment.I wont be surprised if the price will somewhat give out some pullback or would just
move a little bit stable into this level.Im not really expecting that much that this will be enough driving force to lead into bull run and same as you said where this is much better rather than have nothing
at all.Its good to see for a little bit long time into this price.

There are lots of news of adoption besides Paypal allowing its users to buy BTC. There are articles from cointelegraph related to national digital currency and Libra pushing on. But its still unsure about its effect to this huge spike in BTC price.

But I think they are releasing news which sounds planned and timely when there are news about Covid19 vaccines about to come and so on.  If price dips again down to $11k, then its  just a hiccup.

[shawonngp]

Truly this is very important good news. After so many days, everyone should like to see the price of Bitcoin at 13000. While no one can accurately predict what the price of Bitcoin will be in the future, everyone can expect that the price of Bitcoin will be even better. I think it will continue to grow. Bitcoin is expressing itself in many positive ways at the moment. Various companies have started accepting Bitcoin as a reserve currency.Hopefully in the next few months, we will see something better

[great12345]

I was surprised when I saw the pump. I just want to know if there is any fundamental behind the pump.

[TIDOVEE]

I feel like hitting myself in the head with a hammer to think I sold my Bitcoin two days ago at $11,300+ or so, only for it to skyrocket today. Yeah, I know a lot of peeps will say I shouldn't regret selling off that soon but truth remains that it wasn't as if I was pressed for cash for anything at the time I offloaded them. Well, my only consolation is all these now is that this bull run will soon awaken altcoins to join the moon move. So, we are likely to witness an increased market cap again. Ignorant investors will again go crazy for penny priced tokens to chase prize up. This is surely an interesting time in the crypto space. Even Litecoin is beginning to show evidence of price surge too.

Sorry, I know how it feels, it happens , we will never know when we have it best, this is the way we will expect it to keep going up until it still comes down. Each time you sell your coin  you should get our mind set to let it go. Any day could be the better than the other, it is even better you sold it yourself and not lose it to hackers. We are getting there .it is a sign we are approaching the  bull.

[mace15]

Truly this is very important good news. After so many days, everyone should like to see the price of Bitcoin at 13000. While no one can accurately predict what the price of Bitcoin will be in the future, everyone can expect that the price of Bitcoin will be even better. I think it will continue to grow. Bitcoin is expressing itself in many positive ways at the moment. Various companies have started accepting Bitcoin as a reserve currency.Hopefully in the next few months, we will see something better

This is good news to the users that bitcoin crossed $13k, and there are so many reasons for this pump in the market. Indeed, no one could tell at what price it will heading this time. Also, the present market is good to the eyes of the holders and I think in the coming months there more surprises will happen in bitcoin that make the price increase.

[erikoy]

Yeah it seems we are heading to something great and that would be the best thing to happen during my stay here in the forum discussing about the ATH. I never had actually seen or observe how bitcoin grow and will gone bullish. This is something that another history will be written. In that case then we can go learn from it and see how we will going to play along in earning bitcoin in the future. I think investing is the best way to earn.

[Shasha80]

I believe Bitcoin finally reaching the price of $ 13,000 is a good achievement. Because this will make Bitcoin demand continue to increase,
although no one can guarantee the price of Bitcoin will stay above $ 13,000 this time. But if based on my analysis results Bitcoin will still
continue to rise, and by the end of this year it could touch the price of $ 15,000. Hopefully my prediction is correct, so that I can get a big
profit from Bitcoin.

[kawetsriyanto]

Will is stay above $13k this time?

No one knows, mate. But you can predict it in some ways. However, remind that it is only a prediction.
For me, it is too early if we want to claim the price to stay above $13K. It just passed $13K, needs time to know how the price will go. Moreover, if you checked coinmarketcap now, the price of Bitcoin has dropped below $13K. I don't think that the price of Bitcoin will easily increase more than $1,200 in a day and survive at that highest price. The price should drop a bit and try to survive at a certain rate, let's hope it won't drop again nearly the price in the previous day.

Check the price historical data of Bitcoin on Oct 21 to the current date: https://coinmarketcap.com/currencies/bitcoin/historical-data/

[arwin100]

I believe Bitcoin finally reaching the price of $ 13,000 is a good achievement. Because this will make Bitcoin demand continue to increase,
although no one can guarantee the price of Bitcoin will stay above $ 13,000 this time. But if based on my analysis results Bitcoin will still
continue to rise, and by the end of this year it could touch the price of $ 15,000. Hopefully my prediction is correct, so that I can get a big
profit from Bitcoin.

A good achievement since imagine what is the current state of the world but still we see it more pumping and we add the PayPal news came so for sure there will be more coming into this and maybe in next year the bull that many speculators are waiting will truly came since we are on positive sides right now.

[Kemarit]

This is simply FOMO, how the hell did we slice all the resistance an goes above $13,000 in matter of days. Maybe it was really the Paypal news, or just some whales waiting for something to happen and then they ride causing the price to swell.

But in any case, since this is a new HH, definitely, a good news, and hopefully the price won't go down to 4 digits again. Maybe $14,000-$16,000 could be reach at the end of the year if this bull run gain momentum up to the end of the year.

[pankowri]

Sometime today, Bitcoin broke the $13k barrier and then retreated back to $12.8k.

This is Binance screenshot and now that I'm watching it, seems like it broke $13k almost a day ago.

But I'm not seeing any posts about this on the forum so I'll just post it.
Total market cap also went over $400B which is cool.

Will is stay above $13k this time?

It is too fast to tell that Bitcoin will stay at $13k+ or stay above $13k++ this time. The current bull ran is almost done for PayPal acceptance news. We are now expecting some good news which can pump it more than it will cross the $13k limit and we can see a pump soon. After getting approval from PayPal, other platforms will be inspired to see it's growth soon. Waiting to see this whenever the crypto currency will be accepted without any hassle. So, now expecting some good news to see Bitcoin at the $15k-$16k range.

[Sadlife]

Many speculators say that it will have a pullback after reaching the $13,200 this will be the whales taking profits zone. Who know maybe we come down again and retest the $12,400 or just continues to pump, i still wouldn't sell when everything points to the upside especially when huge adoption coming such as the paypal news.

[LogitechMouse]

Will is stay above $13k this time?

It only stayed there for a bit and after that it went down below $13,000 again. Its considered a strong resistance too that is why some traders took profit at that price causing it to drop again.
Its too early to say for that at least for now.

That is also what happened too when Bitcoin is trying to surpass the $12,000 price. It went up then immediately go below it, took some days to weeks before it went up to $12,000 again and it might happen again this time. Although I can't say when obviously but there will be a time that staying above $13,000 will happen. Not this time though.

[Casdinyard]

I think Bull Ran has started, and Paypal has triggered it in 2020. And this bull run will continue for 3 or 4 months. And we might hit all time high $30,000 in 2020 by dec.

Possibilities are always two-sided. Despite of the goodnews, we cannot still guarantee continuous increase in its price up until next year, yet. This adaptation is not yet happening, and according to the articles spreading online, it will start next year. The outcome or how will things go, will be determined after the occurence whether more companies or networks will be starting to do the same thing. But for now, let us enjoy the green marks, just don't be too carried away.

Many speculators say that it will have a pullback after reaching the $13,200 this will be the whales taking profits zone. Who know maybe we come down again and retest the $12,400 or just continues to pump, i still wouldn't sell when everything points to the upside especially when huge adoption coming such as the paypal news.

In the first place, the market price will not continuously increase due to the nature of inconsistencies. The market value is volatile in its nature. Going back with the previous ATH, the price increase did not occur within few months. As far as I remember, it is almost a year before such thing happeneded. Early 2017 there are already news regarding the anticipated boost of its price. So maybe it is too early to conclude. The best thing is to hold.

[Deddyhoku]

It broke 13k but we already below 13k again. Too unstable

[Debonaire217]

It broke 13k but we already below 13k again. Too unstable

I just can't believe that with the little push of PayPal, we can enter the bullrun right away, these are just short term increases and remember, US election will just going to happen, this could impact the stocks and even crypto too.

Until the end of 2020, I think it's better to wait further as I also see there's a massive minting of stable coins which could be the reason for this current price increase.

[pooya87]

whether $13k itself is going to be kept or not is not as important as what it represented. the breaking of this resistance proved that there is a very strong momentum in the market that is shaping up the beginning of the bull market.
as we can see now, there was a correction and price came back below $13k level but the momentum is still strong.

this also proved (once again) that there is no correlations between bitcoin market and any other market as they are still dumping while bitcoin keeps rising up.

[meanwords]

Will is stay above $13k this time?

The price is already dropping so I think it won't stay that much and will probably settle around $12,000 which is still nice. But who knows, we might reach $14,000 this year. I think Paypal really did gave a significant impact on the price of Bitcoin because it gave more option for people to buy cryptocurrency. Not only that, there's just so many articles being written right now that is hyping Bitcoin. Even billionaires are making statements about Bitcoin in a positive way. Just google search Bitcoin news and you'll see a bunch of FOMO articles around.