bitcoin price now and something interesting

[cryptoboss2020]

it look like that  13k price range  there is some  accumalation   action.

like every sell order getting eated.
so all the profit takers sellings have immmediately buyer
simple words we have big accumalation in 13k price

i think no comments need what will be happend soon !!

[mk4]

i think no comments need what will be happend soon !!

Sorry to burst your bubble, but this definitely doesn't automatically mean we're going to "moon" or reach all time highs just because of the recent price action. There's still technically a non-zero chance that bitcoin does a nosedive(though I'm definitely not saying it will). Just gotta be realistic.

[goaldigger]

There's a great volume with Bitcoin in the past day yet we can't still beat the price of $13k so I think there is still a huge wall on that price level, but if we are able to break that wall Bitcoin can go up further but there's still no sign of MOON as of the moment. Watch the market closely, you can become a seller or buyer depends on your target price, so if you see opportunity grab it right away because Bitcoin moves faster than what you think.

[Salauddin1994]

Bitcoin's price is rising compared to before if the demand doubles the front will likely be more attractive no other currency can break bitcoin the price of other currencies increases depending on bitcoin but it is not clear how much the real value can rise. In the near future everyone around the world will use cryptocurrencies so even though the price of bitcoin is higher there is nothing to be surprised about because all the resources of the world have to be bought with that limited bitcoin so the price of each one will be skyrocketing.

[cryptoaddictchie]

Like every sell order getting eated.
so all the profit takers sellings have immmediately buyer
simple words we have big accumalation in 13k price

Actually Im bit scared of the price action btc is doing. I just hoping its not just a hype due to paypal announcement only. I can see the volume picking up, and unlimited printing on usdt has been observed happening.

The retest of 12k is not so long ago so better stay alerted cause it should have been stable for long time first before we can finally see some settling here. Altcoin price is not moving but only those few ones so Im still in doubt with this one.

[maydna]

it look like that  13k price range  there is some  accumalation   action.

like every sell order getting eated.
so all the profit takers sellings have immmediately buyer
simple words we have big accumalation in 13k price

i think no comments need what will be happend soon !!

Bitcoin price already touches $13k, but unfortunately, the price goes down after that. But bitcoin will have a chance to break it again because it now almost touches that price again. That will still rise to the next highest price, and the price will not just stop at $13k. Perhaps, people out there open their minds to accept bitcoin is one way to make money, so they start to buy bitcoin before the price goes up higher.

This time, we can feel happy to sell bitcoin at $12,900 after buying bitcoin at $10k-$11k. But we can wait for another downtrend to buy more bitcoin later. If the price back to $13k again, perhaps, the price will still go increase in the next week, so we might see a new surprise from bitcoin.

[TheUltraElite]

it look like that  13k price range  there is some  accumalation   action.

I could say the same when the price was stagnant at 10k USD for months. The volume of buying was equating the volume of selling. Does not mean anything special. You dont have access to order logs for every exchange.

like every sell order getting eated.

Buying spree for some reason or other.

so all the profit takers sellings have immmediately buyer
simple words we have big accumalation in 13k price

No. There were buy order and sell orders at all price ranges. We have bots running on every exchange by many traders which automate such orders and thus the assumption is not correct.

What we can say is that it is a bull trend currently. While there is always a chance of so called "moon" - you need to decide when to take your profit and sell. Because if you dont, you will lose a chance to recycle the money back into the game.

Recycling the money is important factor which reduces the anxiety of having to hold for long.

[ChrisPop]

The price action is looking healthy indeed. The fact that we have strong buying pressure at this level shows the bullish momentum. It remains to be seen if the bulls are strong enough to push the price and trigger some stop losses to further fuel this move or we need to retrace to consolidate and then break towards the next level.

Until we don't break the ATH, we still quite a lot of resistance to crush so let's stack those sats.

[piebeyb]

I think $ 20k will be easy to touch before the end of this year, I already have some in my bag and that is increasing the amount of my portfolio profit, so seeing bitcoin price is quite good after yesterday's halving, so I will be waiting for other surprises besides paypal in next year 2021

[CryptopreneurBrainboss]

it look like that  13k price range  there is some  accumalation   action.

The accumulation has been ongoing for quite some time now, the buyers you're noticing are probably fomo buyers. Brace yourself though as there's a possibility of a major correction incoming, the US election is just days around the corner and some uncertainty in individuals will definitely have its effect on the market. Don't get all your hopes up as the price is correctly experiencing some upward movement.

This isn't a natural price movement instead a reaction from the news of paypal joining the cryptocurrencies industry by offering a service to allow their customer buy and sell bitcoin and others cryptocurrencies. Don't assume we won't see bitcoin under $10k again, while that's what we all want, the market doesn't care as any slightly bearish news can see the price decline massively.

[santiPOGI]

I think $ 20k will be easy to touch before the end of this year, I already have some in my bag and that is increasing the amount of my portfolio profit, so seeing bitcoin price is quite good after yesterday's halving, so I will be waiting for other surprises besides paypal in next year 2021

That is very much possible before end of this year or it could be more than 20k$ I guess.
But of course we still need to hold our BTC then take the opportunity to buy those top altcoins in the
market were there price so far was really cheap then hold once you buy em.

[GreatArkansas]

I think what happening is FOMO right now!
Especially if you will compare the volume when we are around $11,00 and break above $12,000 to we now where we broke $13,000 and we are playing ranging on it.
The volume really shows for me that the break above $12,000 up to $13,000 is extraordinary, and really a strong one. Not bull trap for me this time.

[Saisher]

I think $ 20k will be easy to touch before the end of this year, I already have some in my bag and that is increasing the amount of my portfolio profit, so seeing bitcoin price is quite good after yesterday's halving, so I will be waiting for other surprises besides paypal in next year 2021

I hope we can have another big news like this I cannot think of another big news maybe the authorities will let Facebook create their own token, it's one of the thing that we all want to happen but did not happen, at least we have Paypal that contributed to it's price increase.

[MWesterweele]

The price action is looking healthy indeed. The fact that we have strong buying pressure at this level shows the bullish momentum. It remains to be seen if the bulls are strong enough to push the price and trigger some stop losses to further fuel this move or we need to retrace to consolidate and then break towards the next level.

Until we don't break the ATH, we still quite a lot of resistance to crush so let's stack those sats.

Its indeed a visualization of how market were doing well up to this point. Bitcoin having a value of $12000+ were definitely attractable to the investors knowing that even when we are facing a current pandemic though it didn't seem a hindrance for a bullish market. Today was a good time to invest with such a good coin, even trading yields a good point to take on. And no doubt that bitcoin were still dominating the crypto market.

[$crypto$]

Actually Im bit scared of the price action btc is doing. I just hoping its not just a hype due to paypal announcement only. I can see the volume picking up, and unlimited printing on usdt has been observed happening.

The retest of 12k is not so long ago so better stay alerted cause it should have been stable for long time first before we can finally see some settling here. Altcoin price is not moving but only those few ones so Im still in doubt with this one.

In fact, I don't think of it as hype from the paypal announcement, but it is good news for bitcoin, whose prices are starting to rise, we will break the high wall if there is already a lot of use in exchanging bitcoins on paypal, that's a sure thing with stability that will still happen forward.

Altcoins now are not sure which direction to go bitcoin always comes by surprise if there is better news then I will consider it a positive thing still I am not so sure about altcoins even though the pump is already happening there is bitcoin we will not see altcoins like we used to.

[boyptc]

At every price level, we have takers/buyers.

There's always the FOMO that's being made for those levels. In $9k, people thought that it's expensive but some have been waiting for that price to buy. And with $13k, the same thing is happening.

It's an unending cycle.

[wxa7115]

it look like that  13k price range  there is some  accumalation   action.

like every sell order getting eated.
so all the profit takers sellings have immmediately buyer
simple words we have big accumalation in 13k price

i think no comments need what will be happend soon !!

We need to be careful just as we can reason away what we are seeing in the market using your explanation it is also very easy to paint this in a negative light and say that the price of bitcoin has been now rejected several times from the 13k level indicating there is a very strong resistance at that point, if the bulls can beat it then there is a chance of a strong rally, is this going to be enough to at least touch the previous ATH? No one really knows but there is potential there.

However what happens if we are rejected from the 13k level? We could go back to the 10k support level and maybe go even below that as people lose faith in the current movement.

[sheenshane]

There are a lot of possible factors that we may consider after the price of Bitcoin surged to the highest price this year.  We always have been experienced a short pullback of the price after surging in the market, but at least we're just still on the healthy stage of Bitcoin price.

The reasons for Bitcoin price increase probably are these,

• Paypal announcement of buy and sell cryptocurrency
• Investors diverting Bitcoiin investment since the stock market has been down due to near US election.
• Keep spreading of Defi projects

Whatever the reason it is, we have a spectacular price increase and we do hope that is the start of the bull run.

[Rexler]

It's not time to get too excited over the recent movement in bitcoin price. Let us not not forget that the US election is just a couple of days away and we expect the market to take swings throughout the duration of the elections. Also, on shorter time frames, it does look like buyers are getting tired and would give in to some selling pressure and due for corrections as well.

[batang_bitcoin]

Actually Im bit scared of the price action btc is doing. I just hoping its not just a hype due to paypal announcement only. I can see the volume picking up, and unlimited printing on usdt has been observed happening.

The retest of 12k is not so long ago so better stay alerted cause it should have been stable for long time first before we can finally see some settling here. Altcoin price is not moving but only those few ones so Im still in doubt with this one.

It's common to think that for every positive action we see for bitcoin, there will be an opposite reaction that we might see after that. In my own observation, bitcoin's opposite reaction whenever it's up, the effect isn't that much if it starts to correct. And the printing of Tether, it's unstoppable unless there will be a law suit that makes them stop from doing so. The approach to $13k is giving a thought what could happen next when it starts to go down, will the effect going to be that much and can make bitcoin back to $8k-$9k or we'll be stable to $11,000-$12,000.