Bitcoin surge in the last 24hrs

[STT]

Volatility and volume peak at turning points, I concur with whoever said such things.   We're in a staid market caught in a range and the surge was a reflection of the prior sell.  Now once again we sell from previously seen peaks.

Fair objective now is for us to fall back to the weekly average, exactly where we are at this very hour.  However I will remain bullish overall so long as we are both above the 50 day average and that average continues rising, its a bit flat but a rise here or near there is quite possible. 

If in doubt we rinse, repeat till this whole area of price range is washed clean of temporary trades.

[lizarder]

Volatility and volume peak at turning points, I concur with whoever said such things.   We're in a staid market caught in a range and the surge was a reflection of the prior sell.  Now once again we sell from previously seen peaks.

Now small corrections and recoveries are happening and it is possible to take profits. But for someone who is holding for the long term they will never want to check the market all the time. I try to find small profits at the current price and always sell at a certain percentage on the next move up. This is interesting to me because every time bitcoin goes up, there is a little profit that I can make, especially over the last few days.

Fair objective now is for us to fall back to the weekly average, exactly where we are at this very hour.  However I will remain bullish overall so long as we are both above the 50 day average and that average continues rising, its a bit flat but a rise here or near there is quite possible. 

If in doubt we rinse, repeat till this whole area of price range is washed clean of temporary trades.

I observed and it almost happened in a certain period, the weekly average continues to be in good condition because the correction never touched the lowest price. Optimistic that there will be an increase above $ 70k again in the near future but maybe not for this month period because I believe the price is not far from the current range.

Temporary trading with weekly accumulation will give small profits and this is the best opportunity if someone wants to play temporary trading to get profit.

[Out of mind]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day.  In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

[Popkon6]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

Bitcoin price has been hovering between $70k and $60k for a long time.  You notice Bitcoin price touched 53k a few days ago only there was German government selling Bitcoins and market dumping was normal. Usually a downturn in the Bitcoin market creates an opportunity for investors to invest. Because already the Bitcoin market will reach the peak of growth, but it is only a matter of time.

[/quote]

HaHa I love it that Bitcoin always does the opposite of what people expect.  The German sell-off caught people by surprise with a small slump. Now over on the MtGox thread everybody is predicting a crash because the trustees moved some coins to an exchange.  And instead we get a pump.

Two lessons here, don't try to second guess Bitcoin, and don't listen to anybody on social media.

This is only because the German government is responsible for causing the recession market. Social media in particular broadcasts the most unreliable news. Where we should not believe because it is good to elude us, the right must be scrutinized.

[JeffBrad12]

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day.  In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

I think it was the expected price swing before the last surge of this bullrun cycle, so many people including analyst and trader with their TA already expected that the market will dumps a little bit before the bullrun begin, sort of accumulation phase, could be a good time to accumulate, if we really believe that the bullrun isn't over yet but there are many pessimist as well that said $74k was the peak, honestly I don't buy that kind of pessimistic take.
with the presence of BTC ETF and ETH ETF, i don't believe price will decline below $55k even at the worst dips ever.

[Dave1]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day.  In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

I thought that the market is going to be strong even if there is a big of news about Mt. Gox repayment. But it seems that it already takes it's toll on the market in the last 8 hours time frame as surprise, surprise we have been seeing a incoming dump at $64k.

However, I don't see anything like that it will go down to $54k like when then news of the German dump. As far as I know, Mt. Gox is not going fully dumping and it will take months and a step by step repayment scheme although it is worth billions.

[Republikcoin.com]

Now small corrections and recoveries are happening and it is possible to take profits. But for someone who is holding for the long term they will never want to check the market all the time. I try to find small profits at the current price and always sell at a certain percentage on the next move up. This is interesting to me because every time bitcoin goes up, there is a little profit that I can make, especially over the last few days.

Although this can be good for you to do regularly at any time with slightly different moments, I think you also have to have a certain amount of assets that you place into long-term investments while enjoying your work in generating profits in trading like that. Because if you always sell Bitcoin at a certain level of profit and forget to save some of it as an investment asset, it's possible that feelings of regret will come to you after you are unable to buy back the Bitcoin that you have sold now in the future.

[el kaka22]

To answer the poll, it doesn't. Bitcoin is bitcoin, no matter wherever you are in the world. There are rare cases like Iran and NK, which would be very different and difficult to handle because of the issues they are facing, but aside from that I am pretty sure that we are not going to deal with anything that will take that much time.

I personally believe that the best thing to do would be just making sure that we are dealing with something that will take some time. Location is unimportant, and if you live in any other nation, like a normal regular nation that can trade with others etc, then it is going to be same in all of them.

Going back to surge, we had a good week, or even can say that it has been a good month, but right now we look like we peaked at this run, maybe I am wrong and it could go up some more, if that happens it would be awesome because I am holding some, and I would love to see it go up. However, it could start to stay stable for a long time as well, it happens in crypto a lot, while it is volatile when it moves, sometimes it doesn't move at all and we could just end up with something very different, not going to be the same and we are going to end up with a different result.

[lizarder]

Although this can be good for you to do regularly at any time with slightly different moments, I think you also have to have a certain amount of assets that you place into long-term investments while enjoying your work in generating profits in trading like that. Because if you always sell Bitcoin at a certain level of profit and forget to save some of it as an investment asset, it's possible that feelings of regret will come to you after you are unable to buy back the Bitcoin that you have sold now in the future.

It is important to have mitigation about how a person places two directions in investment and its goal so that we can continue to benefit from the investment. Short -term can be used to get small profits and this aims to get profits as a support to meet long -term investment. Because it becomes a reference for someone to take consequences and is a choice that must be carried out consistently is a long -term investment, especially for bitcoin. Why do people say about utilization because this is talking how we can generate profits under any conditions.

If the opportunity to generate profits in the short term is available then do it because we need money. But the most important thing is how long -term investment must continue to be improved because that way we will get financial freedom that is far more consistent. Every time there is an opportunity from there we must start and most importantly not greedy and do not invest in a hurry.

[bitgolden]

Now small corrections and recoveries are happening and it is possible to take profits. But for someone who is holding for the long term they will never want to check the market all the time. I try to find small profits at the current price and always sell at a certain percentage on the next move up. This is interesting to me because every time bitcoin goes up, there is a little profit that I can make, especially over the last few days.

Although this can be good for you to do regularly at any time with slightly different moments, I think you also have to have a certain amount of assets that you place into long-term investments while enjoying your work in generating profits in trading like that. Because if you always sell Bitcoin at a certain level of profit and forget to save some of it as an investment asset, it's possible that feelings of regret will come to you after you are unable to buy back the Bitcoin that you have sold now in the future.

Traders will end up buying and selling daily and try to make profit, that is what they care about and I think they are not really making a mistake by thinking that way neither, they are dealing with something that is not that bad. This is why I suggest that we should keep considering what to do and how to do it very well, I believe that will definitely be something not so bad at all.

We should consider what would be greater, long term investment or day trading? To me, long term investment is a lot better and that is why I prefer that and do that, but I can see some people saying trading is better, and that is why those people will not regret selling, because while they are constantly selling, they are also constantly buying as well, meaning that they do not really have anything they need to worry about at all.

[STT]

Really fast action recently and again today, fast up brief sell and recovery all to recognizable points on the graph.   People are playing the numbers like its a pinball game and all on a weekend.    In any case the close to this weekly bar will be bullish and a good recovery.

The only negative question and a slight one is if we can top 70 to 72k in this short term cycle of BTC.  I dont think failing to pass that measure as happened today is really a big negative, overall the recent dip was shallow and that usually means bullish attempts higher are not singular in occurance.

[mirakal]

I don’t want to think that it’s the major reason, but undeniably, that incident creates a significant price increase for bitcoin. But asked if Trump is really into all out support for cryptocurrency particularly bitcoin, maybe for now because he’s still trying to win the hearts of the crypto community, but wait until he wins and sits on his position, then we will find out his real motive on bitcoin.

[Kemarit]

Really fast action recently and again today, fast up brief sell and recovery all to recognizable points on the graph.   People are playing the numbers like its a pinball game and all on a weekend.    In any case the close to this weekly bar will be bullish and a good recovery.

The only negative question and a slight one is if we can top 70 to 72k in this short term cycle of BTC.  I dont think failing to pass that measure as happened today is really a big negative, overall the recent dip was shallow and that usually means bullish attempts higher are not singular in occurance.

I see it getting as high as $69,200, but not enough push to $70,000 or higher. So I guess there are speculators who sold along that price and even in weekends where I assume that they are somewhat taking a big break, they are not as the price goes down to $67, 500.

So really fast action in the last 12 hours or so and for sure they are glued on their computers pulling that sell order and to squeeze some profits this Sunday. But the market is strong, and hopefully at the end of this month, at least a good $69,000-$70,00 will be a fitting end for this month and we will go and see another month and then continue with the momentum of gaining a few %. Not that big, but enough to continue our green candles.

[wxa7115]

I don’t want to think that it’s the major reason, but undeniably, that incident creates a significant price increase for bitcoin. But asked if Trump is really into all out support for cryptocurrency particularly bitcoin, maybe for now because he’s still trying to win the hearts of the crypto community, but wait until he wins and sits on his position, then we will find out his real motive on bitcoin.

We know that politicians are not keen on fulfilling the promises they make during their campaigns, but after the bitcoin conference on Nashville, Trump made a great deal of claims there, so if he were to not fulfill a single one of them this will become a problem down the line for him and his party.

So if he wins, I suppose that he will have to at least fulfill some of those promises, to keep those that will vote for him on those grounds happy.

[Dave1]

I don’t want to think that it’s the major reason, but undeniably, that incident creates a significant price increase for bitcoin. But asked if Trump is really into all out support for cryptocurrency particularly bitcoin, maybe for now because he’s still trying to win the hearts of the crypto community, but wait until he wins and sits on his position, then we will find out his real motive on bitcoin.

I don't know if you have seen the recent surge in price after Donald Trump speaks on the Bitcoin conference, but it went as high as $70l. Unfortunately, it didn't sustained that big run of ours, I though we might at least stay on that level before the end of the month.

Nevertheless, it's a good sign, we still rely on the news and so in the next couple of months, if Trump wins that election who knows, maybe we are about in the $80k or even higher that that time as Trump could be the catalyst in this bull run for all we know.

[lizarder]

Traders will end up buying and selling daily and try to make profit, that is what they care about and I think they are not really making a mistake by thinking that way neither, they are dealing with something that is not that bad. This is why I suggest that we should keep considering what to do and how to do it very well, I believe that will definitely be something not so bad at all.

We should consider what would be greater, long term investment or day trading? To me, long term investment is a lot better and that is why I prefer that and do that, but I can see some people saying trading is better, and that is why those people will not regret selling, because while they are constantly selling, they are also constantly buying as well, meaning that they do not really have anything they need to worry about at all.

According to the ability that we can bear and run because some people have the ability to adapt to short term investment to make a profit and some other people much prefer long term investment. When talking about investment, it definitely ends up talking about profit and there is nothing wrong when people use one or both at the same time. It depends on our own ability to choose and run which one and most importantly we understand the methods and strategies we want to do so as not to get unexpected losses.

Everyone must have a different version of both and that is a unique difference. For example, I choose long-term investment and it is not certain that people are not involved in short-term investment. As long as it is profitable when run, then do it because this is actually what we are looking for in an investment. On the other hand, with trading when they master how to do it, they will say that trading is much faster to produce.

[fuguebtc]

I don’t want to think that it’s the major reason, but undeniably, that incident creates a significant price increase for bitcoin. But asked if Trump is really into all out support for cryptocurrency particularly bitcoin, maybe for now because he’s still trying to win the hearts of the crypto community, but wait until he wins and sits on his position, then we will find out his real motive on bitcoin.

Nevertheless, it's a good sign, we still rely on the news and so in the next couple of months, if Trump wins that election who knows, maybe we are about in the $80k or even higher that that time as Trump could be the catalyst in this bull run for all we know.

It will still be up to Trump because if he breaks his promises and continues to enact market-unfriendly policies, there will be no short-term breakthrough for bitcoin. On the contrary, if he keeps his promise and appears friendly towards bitcoin, there will be strong positive reactions towards bitcoin as well as the market as a whole.

It can be said that it is still very early to confirm anything because we all know that politicians are very cunning and ignore every promise they make to us once they have achieved their goal. I won't put all my hopes on what he promises although I will vote for him.

[ndutndut]

It will still be up to Trump because if he breaks his promises and continues to enact market-unfriendly policies, there will be no short-term breakthrough for bitcoin. On the contrary, if he keeps his promise and appears friendly towards bitcoin, there will be strong positive reactions towards bitcoin as well as the market as a whole.

It can be said that it is still very early to confirm anything because we all know that politicians are very cunning and ignore every promise they make to us once they have achieved their goal. I won't put all my hopes on what he promises although I will vote for him.

Yes, that's right. I'm also not sure if Trump is elected, he will fulfill his promises because we all know that politicians are evil, often breaking their own promises. So I see the rise of bitcoin not because of Trump, the history of bitcoin will continue to repeat itself even though the time is different because bitcoin stands alone and does not depend on political figures.

Yes, it is undeniable that the words of world figures sometimes have a big influence on market prices, but it doesn't last long because bitcoin will still recover. This is the same as after the previous Halving cycle, bitcoin was difficult to predict, but after a few months bitcoin rose significantly, this also applies after this year's Halving, bitcoin will continue to rise rapidly. Now bitcoin is slowly stabilizing, it is not impossible that by the end of this year bitcoin will create a new ATH that has never happened before. Putting hope in Trump is a mistake in investing in bitcoin, even though when the shooting occurred the price of bitcoin plummeted, but bitcoin did not take long to recover. Bitcoin is safer if invested in the long term.

[AprilioMP]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

There are times when we will be shocked again with reality that is not in accordance with the price predictions that have been taken because of an action taken by someone who has an influence.
I support Donald Trump's ideas related to Bitcoin and because of Donald Trump's campaign, the Bitcoin price market has good support in terms of price. Hopefully what he says is not just political nonsense.
Do not 100% believe in the factors that have the effect because we could just one day the thing that was thought did not happen.

[Jating]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

There are times when we will be shocked again with reality that is not in accordance with the price predictions that have been taken because of an action taken by someone who has an influence.
I support Donald Trump's ideas related to Bitcoin and because of Donald Trump's campaign, the Bitcoin price market has good support in terms of price. Hopefully what he says is not just political nonsense.
Do not 100% believe in the factors that have the effect because we could just one day the thing that was thought did not happen.

He could be the one that might push this Bitcoin rally to $100k or higher this year and to the next year. But not going to be easy and there could be a lot of surprises a long the way. The Trump campaign will take months, election is on November, so there could be news that will push the price again or market just really going up because of the economics of Bitcoin, law of supply and demand.

So again, we should be really going long or look at the bigger picture. Currently after peaking at $70k during Trump's speech, the price decline again to $64k. So there are still people who sells and try to make profits instead of HODLing so we can't blame them for that. But at least we should stay in the market and I'm expecting that we might see $80k-$85k at the end of the year and for sure others too have this prediction in hand.