Bitcoin All time High $23k : What is secret of this High .

[jacobjorden]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

[TheUltraElite]

I am Not Understanding This high

There might be a reason, but the question is do you really need to?

Ask me, I cant give a straight answer to any such speculative question, some trading "analyst" might be able to give better answer. But what I can tell you is how to seize the opportunity - do so by selling some coins at this new all-time-high instead of drooling over it and seeing it go up.

Because from what I have seen, the euphoria and greed stop people from selling and booking a profit. You will buy back but at lows and trust me lows will happen again no matter what.

Keep the cycle going, dont drool over the price. Reasons get revealed late, by that time the chance will have slipped away.

[davis196]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

This is a FOMO phase(Fear Of Missing Out).
A lot of traders and investors want to buy BTC right now,because after a few hours or days,the price will probably be higher.
I also think that this is speculative price bubble,caused by the overall hype/optimism in the crypto markets about the future of Bitcoin.
There will be a price correction sooner or later,so panic selling will begin and the price might go back down to levels below 20K USD.

[Lhaine]

This is a FOMO phase(Fear Of Missing Out).
A lot of traders and investors want to buy BTC right now,because after a few hours or days,the price will probably be higher.
I also think that this is speculative price bubble,caused by the overall hype/optimism in the crypto markets about the future of Bitcoin.
There will be a price correction sooner or later,so panic selling will begin and the price might go back down to levels below 20K USD.

There will be a correction but below 20k level I don't think traders will easily triggered and sell their coins below that price . 20k will be the new support lvl so if the price correction happen the possible price is around 20-21k not below that just my prediction I might be wrong but let's see in the next days what will happen I only see the price right now is around 22-23k they have many attempt to break the ATH but always rejected the same thing in the price below 22k they also reject it it is possible that we will last at this price to see if the price will increase or decrease .

[Jating]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

There is no secret, then the market is in a super rally, we really don't know when it is going to stop. Currently it went as high as $23,500 and total settles down around $20k. As for the cause of the spike, maybe there are more buyers obviously that push the price in the last 48 hours. It's really hard to comprehend the reason when the market is very bullish.

However, you have to take into consideration that the price will not go on a continuous parabolic rise. So you also have to be prepared to see the price going down after this upside to $23k.

[Yamifoud]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

That seems surprising, isn't it? You ask for a secret, I don't think that someone nor anyone else knows about it, not even someone knows where we go after this new ATH.

I barely accept that everything is unpredictable, changes may appear all the time that no one knows.
I suggest you not to push yourself finding those secrete and even make yourselves bothered about this pump. That is crazy to see Bitcoin price reaches $23k, but here we are, we have to be happy than to have full of wonderings and questions.

[mk4]

I am Not Understanding This high

Supply and demand. This is the only thing you need to know for why most if not all assets grow in price. It's mostly just the case that simply a lot more bitcoin are being bought than being sold on exchanges hence the price rose. If you're looking for a more specific reason, then sorry because there's no 100% accurate way for us to know why most people are buying.

[Imran232]

I got the two exact news about bitcoin price pumping. I thought this two news could be the reason of price pumping.

MicroStrategy has purchased approximately 32,491 bitcoins for $625.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,236 per bitcoin. We now hold approximately 73,315 bitcoins.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312520310787/d22733d8k.htm

Ruffer Investment Confirms Massive Bitcoin Buy of $744M 🙈

https://www.coindesk.com/ruffer-confirms-744m-bitcoin-investment

[martina14]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

It will surely continue to go up little by little. Perhaps, 20k$ each bitcoin possible could be the support where it can't be easily to break.
Meaning, it will go down but not that much then spike again something like that. Also, maybe every week the price of bitcoin will get increase just like the old happened during bull run on 2017.

[shushu9977]

Yes, I always say, Bitcoin will hit 20k and finally it crosses 20k. I am happy and will reach more than we think in future. No doubt, bitcoin will be a great method for marketing in future.

[Raflesia]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

It will surely continue to go up little by little. Perhaps, 20k$ each bitcoin possible could be the support where it can't be easily to break.
Meaning, it will go down but not that much then spike again something like that. Also, maybe every week the price of bitcoin will get increase just like the old happened during bull run on 2017.

The spikes will definitely occur every week but there is still a correction where the decline will definitely be there but it won't be as bad as what was previously imagined with after the bull run will be bearish so I think it's impossible, considering that the price is still at $ 22.6k this possibility definitely will continue from 23k - 25k because so fast what we imagine at this time maybe 2017 we will forget it this is the highest spike.

[Lanatsa]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

If you are just new into this market then I would tell you this that you should really be get used to it because bitcoins price or any other coins in the market does really have that kind of behavior.

The secret of this high? Then there are several reasons but the main ones will be talking about adoption.This had been a common reason on why we do see these numbers.

This is why you should really be wise on how to make benefit out of it.So don't get surprised when these spikes do happen.Same goes for dumping scenario too.

[jossiel]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

Super high as it is but that wouldn't be the limit of bitcoin. We've seen it broke within a day just to reach from $19k to $23k. What's more if it will break $50k-$100k and onwards soon? You don't have to understand why it's high as what you see but the only thing you need to understand is that there's much demand and it just keeps on increasing.

There's no secret why bitcoin is pumping. It's been a lot for this year and just you see from the bottom that it was, it has climbed to the ATH through these months and it only needed less than a day to break its past ATH. Ask a different question, something like if you have stocked some bitcoins or mbtcs on your wallets.

[Baofeng]

When we try to analyse and see what is the cause of this massive rally that we have seen lately, it's really hard to answer. So it boils down to the basic supply and demand. There are many buyers in the market and obviously, the price continue to rise. Perhaps the maturity after the bitcoin halving is now showing and then we have big companies investing as well, it's a combination, but basically, supply and demand factor.

[Ryker1]

Well, just because of the supply and the demand, once the demand seems been increased, the price also increases and we have called it an all-time high which is we expected the new ATH by this time. There are too many factors we consider through this all-time high. We had a lot of good news recently and I think that could be the reason that we had a massive price increase of bitcoin in the market. Whatever the reason it is, it will remain unpredictable and even those large investors did not know when this new ATH will happen.

[WalkerIVIV]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High. 

There are some good news keep coming for us. You shoould spend a few minutes to visit cointelegraph and you will see a bunch of good news about crypto. Coinbase will be doing IPO and there are even an artist that has partnered with square to did 1 million dollars worth of bitcoin airdrop for all of people who have tweeted it.
They are bringing the massive awareness for bitcoin. FOMO is real

[cryptolord2077]

This is a good question. Some say that the reason is institutional investors, others say that this is the manipulation of exchanges, allegedly they launched a botnet and are in cahoots.
Many people pay attention that there was no particular excitement regarding bitcoin, but it began right after bitcoin crossed the $ 20,000 mark.

[TimeTeller]

I am Not Understanding This high

17th December In Morning $22k When I Check in Noon Time $23K It Super High.  

There are some good news keep coming for us. You shoould spend a few minutes to visit cointelegraph and you will see a bunch of good news about crypto. Coinbase will be doing IPO and there are even an artist that has partnered with square to did 1 million dollars worth of bitcoin airdrop for all of people who have tweeted it.
They are bringing the massive awareness for bitcoin. FOMO is real

Good news coming from big stakeholders in crypto will really give positive impact in the crypto community.
$1M worth of bitcoin for airdrop will go a long way in terms of adoption. I bet a lot of them are not really hard core crypto users.
That will give them a good intro to crypto community. I just hope they will educate themselves to further understand what crypto is all about.

This is a good question. Some say that the reason is institutional investors, others say that this is the manipulation of exchanges, allegedly they launched a botnet and are in cahoots.
Many people pay attention that there was no particular excitement regarding bitcoin, but it began right after bitcoin crossed the $ 20,000 mark.

The recent performance of bitcoin in the market is caused by various factors.
We can't pinpoint only one source of why it is moving fast these days.

[Janation]

You don't need to think deeply about it.

We are all expecting the price of Bitcoin to reach such heights. There are a lot of investors that put their money into Bitcoin and there's Paypal that accepted it but we can't say that it is the main reason why. There are a lot of things we could look to so it is just better to not ponder about it. Enjoy the price while we are still at it.

[CryptopreneurBrainboss]

This is a good question. Some say that the reason is institutional investors, others say that this is the manipulation of exchanges, allegedly they launched a botnet and are in cahoots.
Many people pay attention that there was no particular excitement regarding bitcoin, but it began right after bitcoin crossed the $ 20,000 mark.

Bullruns comes with speculations on what's is causing it and that's something we should be used to by now. Does it really matter what is causing the run, provided that it's a healthy spike like we're currently experiencing, I think it's all good. It was inevitable that bitcoin will continue crossing new highs after reaching it's previous of $20k. Now is when the major fomo would be felt as people will beginning investing with hopes of higher milestone to be reached.

Don't forget, there are speculation of bitcoin reaching highs of $50k next year and in anticipation of that happening, many investors would be buying into favorable position to get the best of profits they can when the price does cross the milestone of $50k which isn't impossible especially as institutional investors are beginning to publicize their investment which is also contributing to the growth of the price of bitcoin.