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Topic: 60 minutes and Bitcoin value jumped to $7,800 - page 3. (Read 683 times)

newbie
Activity: 89
Merit: 0
I just managed to buy bitokoyn for 6800 and the market immediately turned around. I was happy the market seemed to be waiting for me) !! Although I think that by 7800, too, you can safely buy
Wow congratulations!.. Indeed as if your luck is just therr waiting for you. While many investors were staggering to stay alive in the past few months from the drop you manage to buy at the right time when the price just shoots up!.. What a lucky person you are indeed!
legendary
Activity: 1246
Merit: 1049
With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)
Remember, this is only the first quarter and it already sampled a possible beginning of the long bull run of bitcoin price. What more if those giant personalities/group that is holding back as of now, happened to buy bulk btc at the same time.
hero member
Activity: 1666
Merit: 753

After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh

I agree with you. I don't think that this is where bitcoin goes fully bullish and all of a sudden, we go on full on mania like last year.

This pump should last a while and take bitcoin at least to $9000+, but when the resistance at $10000 proves to be too strong for this pump to breach, I believe that we may go back to $6.8k, and break through that support.

I don't think that this is the recovery in the market that we're looking for at this stage.

The price jumped extremely quickly, fueled by a short squeeze and FOMO buying. In my opinion despite this pump being sustained, $6-7k's support will still be broken in the year since the bearish sentiments are not fully out of the market yet.
legendary
Activity: 3472
Merit: 3217
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I didn't expect right now that we will see a fast increase this day and I heard that there is some investor are entering a market with a large amount.

And another news that I heard it's because of the new foreign exchange and use blockchain technology as their payment system.

So this might be the reason that's why the price jump high and reached $8000 above.

However, the price right now drops a bit and I thought the reason of the little drop it's because miners are selling their mined coins just to get the benefits today and don't lose the opportunity to make a profit as well.
hero member
Activity: 2268
Merit: 579
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After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
This is not new mate and if the bitcoin price increased by $1000 in just an hour doesnt mean the bullish won't last for long. Besides, one of the that hold back the price of bitcoin was the bitcoin  Mt. Gox  wanted to convert and if they are done with that I think the market bullish just begin.
member
Activity: 126
Merit: 59

After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh

It looks like it was like a bull whale buying up bitcoins. But as there are bull whales buying bitcoins, there are also bear whales selling them. The effect of a Mt. Gox bear whale selling his coins we all experienced not so long ago. So the price could go down as fast as it rose, and it could even lower at that. The bottom line is that there is a lot of randomness in today's market, and given the low trading volumes most of the time recently, it is not that hard to move the price for a whale or semi-whale in the desired direction.
sr. member
Activity: 2506
Merit: 368

After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
Yeah, i could agree with in this since this felt like some kind of a trap that someone was boosting the price in order to bait those who want to buy it then suddenly dump it real quick. But maybe we're just wrong and judging too much if it's not gonna fall again. Well, i still have to leave it for a couple of days before i have to believe this kind of sudden pump without any reasons.
newbie
Activity: 154
Merit: 0
In the morning I was refreshing the list and it was unbelievable, but after that, the prices must be good so that the market gets better. if growth of prices will go like that, BTC will be 20k untill the end of 2018 year.
full member
Activity: 490
Merit: 107
What's the deal with that? so worried about fluctuations it is normal to have some pumps while in the bear market people are buying the dips a rare opportunity for cheap bitcoins so it will gonna rise or sink? the funny possible answer is both, it can pump and dump at the same time and on the same day. More and more people got involved in the investments of cryptocurrency so as to predict the very exact price movement is nearly impossible cause people have different agendas on bitcoin that's why the fluctuations are nearly unpredictable.
Because it is a natural trading that it isn't back up by any artificial pricing the possibility that the price movement is unpredictable but as the price pump suddenly it might be  an indication that it will create a natural bull run and lucky  are those who holds and buy while the price is at the bottom.
full member
Activity: 378
Merit: 101
What's the deal with that? so worried about fluctuations it is normal to have some pumps while in the bear market people are buying the dips a rare opportunity for cheap bitcoins so it will gonna rise or sink? the funny possible answer is both, it can pump and dump at the same time and on the same day. More and more people got involved in the investments of cryptocurrency so as to predict the very exact price movement is nearly impossible cause people have different agendas on bitcoin that's why the fluctuations are nearly unpredictable.
hero member
Activity: 2702
Merit: 510
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Kinda unpredictable but let me express my speculation here, we're all bored of all these dumpings that causes market to be all red and I think now is the time for bitcoin to recovery its price and atleast hit the latest ATH again, so many trading experts even expect that bitcoin will goes atleast hitting $25,000 price mark and it's a good sign that more people believing in bitcoin, this time I hope, is not a bull trap.
legendary
Activity: 2674
Merit: 1048
Bitcoin prices will continue increase in April, if you see  that happened in the past few months when bitcoin prices continue to fall from the price of $ 19,000 is due to the many negative news and regulations issued by some countries, usually if there is a negative news coming then it will appear continuously and make the price weaker. But after the negative trend ends and now comes a positive trend where some good news comes to the world of cryptocurrency and the trend will last too long. The possibility will last until next June, because in June google will make a ban on advertising about cryptocurrency, and this will make the price of cryptocurrency decrease again.
hero member
Activity: 2716
Merit: 552
Are you like basing your analysis from the past trend pattern? Bitcoin is unpredictable, nobody knows exactly when will it rise or sink. Intuation isnt always a reliable source in crypto space. TA's do guide as along the way.
legendary
Activity: 2702
Merit: 4002
The price of the Betcairn has been stable and has been rising for a long time in the past three months, but the recent rally is not normal:
  • tax day: People have gotten their tax returns so maybe new money has entered the market
  • Big whales: Recently, we have heard many wealthy families show their desire in bitcoin
if The 100 SMA exceed 200 SMA, price will rise up to 10,000$.
full member
Activity: 392
Merit: 137
Looks like some people were ordered to buy for quick jump and it really worked, price was pumped quite nicely. I hope it will stay around there or we can also experience just reverse of it in regret. P.S. I didn't buy any coins in that run.
The ease with which pumped bitcoin says that this is not an accident. There is a steady trend towards growth. Whales will reduce prices more than once. But it will be for short periods of time and after such rollbacks there will always be a jump to a higher level. I do believe that in early may the price of bitcoin will be around 15,000 dollars.
full member
Activity: 350
Merit: 110

After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?  Huh
In any case, it seems that whatever price bitcoin reached, you will still be negative about it and would not believe that it will reached a new ATH anytime soon. You can't expect that the price will continuously rise throughout the year because we all know how volatile it is. Just look at the past price trend of bitcoin in the past years in the market and you will be convinced after seeing it that this time of the year is where bitcoin's price is at a struggle point.
sr. member
Activity: 533
Merit: 251
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Looks like some people were ordered to buy for quick jump and it really worked, price was pumped quite nicely. I hope it will stay around there or we can also experience just reverse of it in regret. P.S. I didn't buy any coins in that run.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
this is why bitcoin is called volatile. and this is actually a small volatility, a couple of years ago if we were in the same situation the rise would have been a lot bigger than this, probably at least $3000 in one hour (30-40%) now it just was 14% rise in one hour which shows the volatility is actually decreasing, not by a lot but it is.
legendary
Activity: 1526
Merit: 1179
The problem with these breakouts is that it could have gone the other way as well. If market movers wanted to break the bottom trend, they could, which is quite interesting if you think about it.

In other words, while people are getting excited right now, they could have been into more panic if the $6000 mark got broken through. It doesn't cost market movers any effort to do it in a matter of seconds.

The higher we move up, the less likely this scenario becomes, and the more confidence people will gain. More confidence means more interested buyers. While it doesn't change anything for me personally, it's good to see people be happy.

The new market participants were given a lesson in how to remain calm during a correction. Those who managed to remain calm and hodl through will become stronger hodlers in the long run, and that's beneficial for everyone.
member
Activity: 546
Merit: 17
I see eye to eye with you, sir. bitcoin prices in the future will multiply doubles. I will never believe the bad news that beats bitcoin, because until now I will still believe in the world of cryptocurrency (botcoin).
bitcoin will immediately reflect its price up again with the help of the market pump and the upcoming positive news. take it easy though the market and cryptocurrency go to pieces like this, but this situation will soon take turns with a better situation.

Some people think that Bitcoin will be abolished in silo 2018. They will never increase the price of the Piccirillo Bitcoin, but the cost of this bitcoin has been reduced from $ 6500 to $ 7500 in the 60/70 minutes range. There is no doubt that the cost of bitcoin will double in the future.
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