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.