Bitcoin just hit $8000 today and dropped right back

UserU

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Quote from: Baofeng on May 01, 2020, 06:00:07 PM

It was last year, May if I'm not mistaken, it did rally and went to $13k, however, it was followed by correction. Anyhow, this healthy correction was different though, we have the halving, so after climbing as high as $9400, we are back to $8800 today. Not bad though, at least it didn't go to $4k-$5k as other speculators have been saying. And it seems though that accumulation period is over as we approached the halving in about 10 days.

Yup, but we can't rule out another rally yet. Because most investors are gonna dump once the peak is reached.

Baofeng

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Quote from: UserU on April 30, 2020, 09:45:23 AM

Quote from: Taskford on April 30, 2020, 09:40:29 AM

2017 is great year for bitcoin and many people keep looking that we will see the same way on what happen before but I think this time will be different but there are strong points that we can see for the price to reach a 5 digits but the one I hope now is we can touchdown at $10k and if this one reached provably the hype will start which will add the pump.

Some time ago it did rally to 12K so yeah, not impossible to break the second (and even the first) ATH.

It was last year, May if I'm not mistaken, it did rally and went to $13k, however, it was followed by correction. Anyhow, this healthy correction was different though, we have the halving, so after climbing as high as $9400, we are back to $8800 today. Not bad though, at least it didn't go to $4k-$5k as other speculators have been saying. And it seems though that accumulation period is over as we approached the halving in about 10 days.

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Quote from: coinfinger on May 01, 2020, 11:08:10 AM

To think that we were barely over $6k a month ago, just barely over $7k a week ago thinking if we could break the $7.3k resistance, and now broke over $9k and dropped a bit back to $8.7k is actually amazing.

This should show couple of things about bitcoin, first of all resistance and supports means nothing to us, we could break them easily and even break them back to back without any issue at all, people think resistance means something but they are just there for show, we could break over them easily and even reach 2k+ higher than those levels as well.

Another thing is how bitcoin doesn't have an unlimited amount of increase, it does go up a lot but at the same time it doesn't really go up forever, eventually it reaches to a point buyers are saying enough is enough, that is when you know the increase stops.

Feels like 2019 over again. Rallied up to 12K, then lost steam because there was nothing else to cling on.

But this one is gonna gain way more momentum.

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To think that we were barely over $6k a month ago, just barely over $7k a week ago thinking if we could break the $7.3k resistance, and now broke over $9k and dropped a bit back to $8.7k is actually amazing.

This should show couple of things about bitcoin, first of all resistance and supports means nothing to us, we could break them easily and even break them back to back without any issue at all, people think resistance means something but they are just there for show, we could break over them easily and even reach 2k+ higher than those levels as well.

Another thing is how bitcoin doesn't have an unlimited amount of increase, it does go up a lot but at the same time it doesn't really go up forever, eventually it reaches to a point buyers are saying enough is enough, that is when you know the increase stops.

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Quote from: matchi2011 on April 30, 2020, 08:50:57 AM

Quote from: stadus on April 30, 2020, 08:13:34 AM

Quote from: UserU on April 30, 2020, 06:37:00 AM

Quote from: akram143 on April 30, 2020, 01:52:19 AM

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

You're right, the trend will most probably continue upwards until the halvening, which would either crash or remain high. Although I feel the former is likely to happen once the investors quickly realize their profits.

Still not too late to board the train! Cheesy

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

It's tough to ride if you are not good with quick adjustment, those who bought in much earlier stage especially those who able to acquire in 6k levels
are surely thinking to sell out for profits and rebuy one the sentiments slowly goes down.
You need to do some good research before trying to place your entry risk is much higher since the pumped already happened best option is to
assess and observe for some time.

You need to be an expert in order to profit from short term investment, the price pump significantly in days only, so that should bring good profit already to those who successfully predicted that bitcoin will be bullish. Before the rally, bitcoin's price was just running between ranges from $6800 to $7100, any of that price range you buy, you'll be in good profit at the current price.

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The highest price of Bitcoin as of today is 9485.26 and right now, it is at 8714 already.

Is this the pre halving pump that we are expecting?? Hmmmmm maybe but no for me. If we will see, Tether minted some coins again and when this happens prices of Bitcoin go up. Its just that Bitcoin went up late and the event happened weeks ago but this always happen. Tether create new coins = price of Bitcoin goes up.

My resistance is at 9100 and it went pass by it going up to 9400. The only question for me is that will it sustain but unfortunately it doesn't. Profit taking takes place pushing the price go down and for sure it will go down further. My support is at around 8300.

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As I predicted before if the surge that occurred yesterday will at least exceed 8k but at least there is more shocking that the spike almost touched 10k and it is a very extraordinary recovery even though the correction finally happened again but this correction is not a big problem because of the halving later at least it will strengthen the price over time.

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Quote from: Taskford on April 30, 2020, 09:40:29 AM

2017 is great year for bitcoin and many people keep looking that we will see the same way on what happen before but I think this time will be different but there are strong points that we can see for the price to reach a 5 digits but the one I hope now is we can touchdown at $10k and if this one reached provably the hype will start which will add the pump.

The speculation against bitcoin is always become an interested thing. Especially in this situation, we have an event that can make bitcoin price passed its all time high prior. I've seen some prediction that created by some user in this forum and as far as I follow most of their prediction bitcoin price will meet a bull run phase.

The first phase was bitcoin price touch $8200 and after that bitcoin price will up more than $8500 as we can see now. Seem like the second phase is bitcoin must reach $9300 and we can see its price touch $10.000 with an easy way. I just hope that will be happen, at least can push bitcoin price always up and up.

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Quote from: uray on April 30, 2020, 04:29:19 PM

Quote from: stadus on April 30, 2020, 08:13:34 AM

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

The market has given more than enough opportunity to invest and you are right, this is not the time to ride the market because of the general economic situation, looks like there is a correlation with the stock market and the crypto market recovered and went higher, i am yet to understand the real reason for the recovery in both the markets but i am surprised both these market are showing similar trends.

The stock market isn't making any recovery by now, but it going down as the pandemic isn't hitting yet to its peak. And I see a big difference to crypto market seeing it pumps, but we shouldn't be giving confidence on this because we even don't know what is in the mind of the whales.
Yeah, FOMO might get started again and I wasn't like to be a part of it. Better to observe the market trend rather than riding on it and feel the bullish coz it more surprising if we fall into the trap.

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Quote from: stadus on April 30, 2020, 08:13:34 AM

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

The market has given more than enough opportunity to invest and you are right, this is not the time to ride the market because of the general economic situation, looks like there is a correlation with the stock market and the crypto market recovered and went higher, i am yet to understand the real reason for the recovery in both the markets but i am surprised both these market are showing similar trends.

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Quote from: Taskford on April 30, 2020, 09:40:29 AM

2017 is great year for bitcoin and many people keep looking that we will see the same way on what happen before but I think this time will be different but there are strong points that we can see for the price to reach a 5 digits but the one I hope now is we can touchdown at $10k and if this one reached provably the hype will start which will add the pump.

Some time ago it did rally to 12K so yeah, not impossible to break the second (and even the first) ATH.

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Quote from: Taskford on April 30, 2020, 09:40:29 AM

Quote from: UserU on April 30, 2020, 09:30:56 AM

Quote from: stadus on April 30, 2020, 08:13:34 AM

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

I want to, but funds are low so I just have to savor whatever remnants of Bitcoins I have haha.

I joined the FOMO way back in 2017 and it was exhilarating when you just see whatever you invest just going up and up.

2017 is great year for bitcoin and many people keep looking that we will see the same way on what happen before but I think this time will be different but there are strong points that we can see for the price to reach a 5 digits but the one I hope now is we can touchdown at $10k and if this one reached provably the hype will start which will add the pump.

Just relax mate, we have a lot of time to make it happen, even if after this pump bitcoin will dump, it will not end the expectation of the people that the bull run will come soon. What we are seeing now is great but we can't ensure that the pump will continue because we've seen a lot of times after 2017 of the pump and dump scenario.

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Quote from: UserU on April 30, 2020, 09:30:56 AM

Quote from: stadus on April 30, 2020, 08:13:34 AM

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

I want to, but funds are low so I just have to savor whatever remnants of Bitcoins I have haha.

I joined the FOMO way back in 2017 and it was exhilarating when you just see whatever you invest just going up and up.

2017 is great year for bitcoin and many people keep looking that we will see the same way on what happen before but I think this time will be different but there are strong points that we can see for the price to reach a 5 digits but the one I hope now is we can touchdown at $10k and if this one reached provably the hype will start which will add the pump.

UserU

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Quote from: stadus on April 30, 2020, 08:13:34 AM

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

I want to, but funds are low so I just have to savor whatever remnants of Bitcoins I have haha.

I joined the FOMO way back in 2017 and it was exhilarating when you just see whatever you invest just going up and up.

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Quote from: stadus on April 30, 2020, 08:13:34 AM

Quote from: UserU on April 30, 2020, 06:37:00 AM

Quote from: akram143 on April 30, 2020, 01:52:19 AM

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

You're right, the trend will most probably continue upwards until the halvening, which would either crash or remain high. Although I feel the former is likely to happen once the investors quickly realize their profits.

Still not too late to board the train! Cheesy

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

It's tough to ride if you are not good with quick adjustment, those who bought in much earlier stage especially those who able to acquire in 6k levels
are surely thinking to sell out for profits and rebuy one the sentiments slowly goes down.
You need to do some good research before trying to place your entry risk is much higher since the pumped already happened best option is to
assess and observe for some time.

stadus

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Quote from: UserU on April 30, 2020, 06:37:00 AM

Quote from: akram143 on April 30, 2020, 01:52:19 AM

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

You're right, the trend will most probably continue upwards until the halvening, which would either crash or remain high. Although I feel the former is likely to happen once the investors quickly realize their profits.

Still not too late to board the train! Cheesy

For me, this isn't the right time to ride, unless you want to play with the market now or you get FOMO'd.
The time for accumulation is over, investors now should be looking for the right timing to dump their bitcoins and take the profit from it.

UserU

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Quote from: akram143 on April 30, 2020, 01:52:19 AM

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

You're right, the trend will most probably continue upwards until the halvening, which would either crash or remain high. Although I feel the former is likely to happen once the investors quickly realize their profits.

Still not too late to board the train! Cheesy

stadus

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The highest thus far was $9400 before the price drop below $9K now, I think it will not stop at that price, it's possible that it will bounce back again and will continue to break some big resistance, I don't know what price it would stop but I'm liking the FOMO at this stage.

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Its nice seeing the market on green status because its been a while since we last saw it on bullish trend. It might because of the coming halving thats why the price is soaring high, investors are looking forward for that event to happen due to impact of it just like in the past history.

Well it seems the situation is turning good and its favor to us investors. If the price went down again its because of the investors taking profit already and contented with what they gain.

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Quote from: akram143 on April 30, 2020, 01:52:19 AM

Quote from: UserU on April 29, 2020, 07:49:49 PM

Nearing 9K now, that's one major jump right there.

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

Downtrend has already started. We are below 9k now. Hope this is just a correction before weekend and on Monday the growth will continue. How this was not that "bull" have to show atm. Anyway, this was a great 1 day rally and all greedy holders jump off the rocket

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Quote from: UserU on April 29, 2020, 07:49:49 PM

Nearing 9K now, that's one major jump right there.

Btc price are on rise as we are not far away now from halving and we will continue to see some more upside and we are already at 9200$ and let us see if we can see 10k as well or will it remain at this level. Though people may book some profits as well at this level around and easy gain of 1500$ per coin in just 2 days which is very cool in this market.

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Quote from: UserU on April 29, 2020, 07:49:49 PM

Nearing 9K now, that's one major jump right there.

Its $9350+ and looks still increasing. Cheesy

In my local exchange the prices are selling near $10K so it looks perfect time for the bullish trend to begins since we have few days left for halving.

UserU

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Nearing 9K now, that's one major jump right there.

STT

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Its fair for the bounce from the low to accumulate into more in this pressure cooker prior to the block reward change, thats all positive sentiment. Todays high price has been an old trend in line with the overall price trend since March low :

If we pull back just to the previous positive trend we'd be at the 2 day average, so thats about 8000 area. If OP saw 8000 as possible top of some kind, then it can be some support on the way back. I'm not yet sure if that low would then be a place to buy for higher prices still. Generally its acting positive and should not be doubted for now, myself I thought the 200 Daily moving average would be where we stay for April at least.

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Quote from: Distinctin on April 29, 2020, 06:38:13 PM

It is the whales dragging it up and shouldn't be wondering that thing will happen. Then people will say this is BULL TRAP?
Now since we are breaking the $8000, we ought to think that halving will possibly make an exciting moment to see in front of this pandemic. I know people might thinking this is a sign for BULLRUN and it gonna be right or maybe.

Anyway, a little bit far from halving and changes will come all the time, and we are not sure by then if this uptrend motion will continue to click or it falls back to $7k.

As we speak, we are in the $8700 level already and $9k is very much possible to happen in the next coming hours or days. With the upcoming halving, many are really interested on what will happen to bitcoin's price. Whales are certainly on the move. A lot of money will be seen in the next coming days. But if you are a small crypto user, just make sure you are taking care of your own portfolio. There will be so much hype once the halving is getting near and right after the halving so you should be prepared on what you will do with your crypto.

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Lots of people have free time on thier hands, they have $1200 extra from the us Gov. to spend, and EVERYONE wants to get rich quick!

Can everyone say FOMO PUMP?

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It is the whales dragging it up and shouldn't be wondering that thing will happen. Then people will say this is BULL TRAP?
Now since we are breaking the $8000, we ought to think that halving will possibly make an exciting moment to see in front of this pandemic. I know people might thinking this is a sign for BULLRUN and it gonna be right or maybe.

Anyway, a little bit far from halving and changes will come all the time, and we are not sure by then if this uptrend motion will continue to click or it falls back to $7k.

Baofeng

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Quote from: Ridwan Fauzi on April 29, 2020, 05:29:45 PM

Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

That $8200 target of traders/investors have been validated already. We are going to test $9k barrier. Just in the last 24 hours, bitcoin has spike to more than 10%, so this is a very bullish signal, in my opinion, it is above the 10 day and 50 day MA. So for now, there's no dumping to $5k, what we have now is FOMO. And probably will FOMO tell the day of the halving.

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That's good news but I think the price of bitcoin is likely going to increase the more in the coming days. It's likely going to peak at about $10K when bitcoin block reward is finally halved. It's still not late to buy and hold some bitcoin. Some major altcoins are also doing well and you can decide to look at them as well. Take for instance, ETH, BNB etc.

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Quote from: Ridwan Fauzi on April 29, 2020, 05:29:45 PM

Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

How about at this very moment? Looks like Bitcoin is rallying now. Does this means, the price won't have any chances to go back down again?
Bitcoin is up more than 12% from the last 24 hours. Yet, anything could still happen. It's either go up continuously, or will going to have a correction before the bull run.
Either way both directions could give it's corresponding benefits. So, there's nothing to worry about.

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9k is the major resistance right now, lots of people selling at 8950 an taking profit. But theres too many bulls hearing about FOMO so its just a matter of time, China is waking up and soon they will FOMO buy.

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

The target most of trader/invstor are to see bitcoin price reach to $8200 first, if its price touch $8200 then we will see the price will up and we can see it right now. But if bitcoin price fail to reach $8200 and just stable at $7800-$8000 we will see bitcoin price will fall to the lower price. Seem like it is just an injection for halving event. We will see a bull run will comes soon.

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

No man can predict out on what would happen on next minute here on crypto because anything can happen on least expectation.Just basing on the current price we are into which it almost
hit up or trying to break 9k barrier.Im pretty sure that most people havent expect for the price to rose this up.

We have tanked on 7k price for a while and then suddenly we do see these numbers which we really didnt expect and talking about pullbacks then its just normal because market cant be
considered healthy if we do just see rising prices.There would be always a sell-off for making profits.

Noticed about the recent development? Nothing that much because these percentage increase is just like a typical day here on crypto.

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Quote from: UserU on April 29, 2020, 11:06:08 AM

Quote from: TheBeardedBaby on April 29, 2020, 09:04:47 AM

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Strap in boys, we're eyeing the Lambo!

not a lambo, a rocketship.

rexxarofmoknathal

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Looks like it is still hovering around the $8150 mark now.

Whenever a cryptocurrency passes through a crucial resistance like $8,000, you should always expect some pull back.

In fact, resistance crosses are a great opportunity for a transient short. But you need to get in and out very quickly and run tight stop losses or you'll get completely ruined.

$crypto$

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Bitcoin is already moving and I'm not likely to go back to $7,000 because this is a definite increase in things waiting for halving that will soon be happening.

News fud will not be affected by the price of bitcoin down again.
Bitcoin will soon be $10k Shocked

great. (maybe more)

12 days is more than half a day Cheesy

What is the highest bitcoin price after halving? let's prove it.

exstasie

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like.

The intraday drop from $8,000 is barely visible on the charts anymore. Tongue

8 hours later, the market tagged the $8,900s. Perfect example of why nobody should focus on intraday price action, like the hourly time frame. Too much noise, not enough signal!

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

Currently bitcoin is selling over $8500, so possible we are moving forward $10K level especially after the halving.Don't create fuds about dropping bck then only people will not be afraid to invest on cryptos in this pandemic condition.

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Quote from: TheBeardedBaby on April 29, 2020, 09:04:47 AM

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Strap in boys, we're eyeing the Lambo!

TheBeardedBaby

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₿uy / $ell ..oeleo ;(

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Brrrrrr brrrrrrr brrrrrrrr - that's not the sound of money printers printing inflation, this is the BTC rocket engines going to the moon and beyond.. With halving to the heaven

woowhooo!!

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Quote from: UserU on April 29, 2020, 07:15:17 AM

Quote from: Reatim on April 29, 2020, 07:02:28 AM

So we are witnessing Bullrun now?for the whole month we struggle to even hit $7,500 price and now here we are having atleast 8k in value?

well this is the result since we have been expecting growth before the Halving and it is near to come by 11 days.
But also there are some prediction that we are still waiting for the Bottom before we finally Hit the Bull,i hope this is not another trap.

You could say that. Within the past week, BTC shot up from 7 to 8K.

Right since we cannot say on what will it be since the current we experience on the price is so fresh so maybe lets wait for 1 week if the price will go stable to $8k then might we gonna see a price rise or provably we will see the bull run hitting the rocks this year or maybe in next year.

The Sceptical Chymist

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Just checked preev, and bitcoin is $8179 at the moment--not bad, and I wasn't expecting it to break through $8k anytime soon so it's a nice surprise. The real question is whether it can stay above that mark and whether this might be the start of a trend (perhaps in anticipation of the halving). Who knows?

Bitcoin is notorious for its volatility and for extremely unpredictable price swings. If you're a short-term trader, I'd be cautious about trying to make a quick buck by buying now. In any case, this was a nice wake-up surprise for me this morning.

UserU

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Quote from: Reatim on April 29, 2020, 07:02:28 AM

So we are witnessing Bullrun now?for the whole month we struggle to even hit $7,500 price and now here we are having atleast 8k in value?

well this is the result since we have been expecting growth before the Halving and it is near to come by 11 days.
But also there are some prediction that we are still waiting for the Bottom before we finally Hit the Bull,i hope this is not another trap.

You could say that. Within the past week, BTC shot up from 7 to 8K.

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

So we are witnessing Bullrun now?for the whole month we struggle to even hit $7,500 price and now here we are having atleast 8k in value?

well this is the result since we have been expecting growth before the Halving and it is near to come by 11 days.
But also there are some prediction that we are still waiting for the Bottom before we finally Hit the Bull,i hope this is not another trap.

Cnut237

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k?

The huge sudden drop earlier this year occurred because COVID-19 hit economies much harder than was anticipated. That was the initial shock. It is this deviation from expectation that causes swift price swings. Ever since then, prices have been recovering slowly but steadily. I expect this pattern to continue. We will remain above 8k and push back to where we were before the pandemic struck, yes. 10k is not an unreasonable expectation. Of course there will be bumps along the way, we may dip below 8k again, but if we do then I suspect that would only be in the very short-term.

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Quote from: Yourhomeboy on April 29, 2020, 06:00:02 AM

Quote from: blockman on April 29, 2020, 05:27:43 AM

for real we can't predict but as Bitcoin enthusiast we can sense when something good is at the corner. This year 2020 came with a pandemic and if Bitcoin is supposed to have a bad time it should have been this year. But it keeps moving further not minding the pandemic at hand. Getting to $8000 is a very good sign, besides Bitcoin halving is very close. Nobody is expecting Bitcoin to dump after the Halving, instead we are hoping for the moon at least $10,000 is not a bad score. For real Bitcoin is a surprise.

Yes.
That gut feeling that we have which we can use base from our old experience or encounter with the price movements of bitcoin. But it will not rise as always, expect some corrections but it's normal if we get to see it.

Yourhomeboy

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Quote from: fiulpro on April 29, 2020, 06:10:25 AM

We are in a time of crisis and trust me many small investors are looking for an opportunity where they can encash and don't loose money at the same time .

This is a dire situation thus everyone do needs money with the jobs being closed and bills piling up , therefore this situation was how it actually works and the slight spike might mean the halving is going to be a positive event for Bitcoins .

Yes definitely, when you say “small investors looking for an opportunity where they can encash" Do you mean Bitcoin got some investors that entrust on it and that they won't loose their money in the process? Can you please explain better.

dothebeats

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We're currently above $8000 on most exchanges right now and it seems like that stimulus fund money is kicking in hard! ^{^{^/s}}

From the looks of it though, strong support levels are now moved from $6600 to $7000, but it's too early to call this as something that can hold for long IMO. Price action still seems shaky for the most parts of the day, but I'll bank on the idea that this climb and breach to $8000 would put some more greens in the coming weeks--perhaps even an inch under $10000 is possible by 1st week June seeing how stimulated the market already is.

btc_angela

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

It is very hard to see where the price will be heading pre halving, yes we might be having this sort of mini bull run today, but it doesn't mean that we can go on parabolic rise and hit that magical 5 digits right after the date. Although sentiments seems to be bullish, chances are, this may not be sustainable, in my opinion. So I will be very cautious and not to be excited and would consider a day to day basis and see how the price will react until the day of the halving.

fiulpro

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We are in a time of crisis and trust me many small investors are looking for an opportunity where they can encash and don't loose money at the same time .

This is a dire situation thus everyone do needs money with the jobs being closed and bills piling up , therefore this situation was how it actually works and the slight spike might mean the halving is going to be a positive event for Bitcoins .

Yourhomeboy

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Quote from: XenoFever on April 29, 2020, 05:45:08 AM

Something good happening right noe, from its lowest price of $3,900 for this year then it is now about 8,000 USD and if you compared the difference we can say that it is around 4,000 USD which is really big, luckily even though we're still facing pandemic virus bitcoin still going up which is really good for us but still it is not stable because there are still times thst it goes down so for all the traders out there always be careful when doing so.

We cannot predict what will happen next because no one can predict the price of the bitcoin for next day, it always change day by day or seconds by seconds. There are many different perspective about the movement of bitcoin and we cannot tell which one is true.

I will keep holding my coins. Knowing that if it falls, it will surely rise again. Trading for now, is at owners risk. Nobody knows what the outcome will look like. I suggest that traders that cannot help it but trade, should start with a smaller amount then keep an eye on the price 24 hours a day.

Yourhomeboy

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Quote from: blockman on April 29, 2020, 05:27:43 AM

Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

It's really hard to know. Everyone will be giving their opinion and prediction at this point and all of time, there's always the predictions that are against to what we want to hear. But forget about them, what's important is that we've got to see $8000 again but we don't know what's next or if it will stay there for the time being or it will breakout again and go for the next higher level. We really don't know but anyway, welcome back for bitcoin @ $8000.

for real we can't predict but as Bitcoin enthusiast we can sense when something good is at the corner. This year 2020 came with a pandemic and if Bitcoin is supposed to have a bad time it should have been this year. But it keeps moving further not minding the pandemic at hand. Getting to $8000 is a very good sign, besides Bitcoin halving is very close. Nobody is expecting Bitcoin to dump after the Halving, instead we are hoping for the moon at least $10,000 is not a bad score. For real Bitcoin is a surprise.

bakasabo

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I'm observing $8088 on coinmarketcap at the moment. Little more than 12 days before bitcoin halving. Is this the growth and pump everyone was talking about? Since April 24, bitcoin already made +1000$. If it continues to grow like this, then we will meet halving with the price of 10k - beautiful and round number

XenoFever

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Something good happening right noe, from its lowest price of $3,900 for this year then it is now about 8,000 USD and if you compared the difference we can say that it is around 4,000 USD which is really big, luckily even though we're still facing pandemic virus bitcoin still going up which is really good for us but still it is not stable because there are still times thst it goes down so for all the traders out there always be careful when doing so.

We cannot predict what will happen next because no one can predict the price of the bitcoin for next day, it always change day by day or seconds by seconds. There are many different perspective about the movement of bitcoin and we cannot tell which one is true.

blockman

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Quote from: Yourhomeboy on April 29, 2020, 05:17:06 AM

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

It's really hard to know. Everyone will be giving their opinion and prediction at this point and all of time, there's always the predictions that are against to what we want to hear. But forget about them, what's important is that we've got to see $8000 again but we don't know what's next or if it will stay there for the time being or it will breakout again and go for the next higher level. We really don't know but anyway, welcome back for bitcoin @ $8000.

Yourhomeboy

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From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

Topic: Bitcoin just hit $8000 today and dropped right back (Read 572 times)