Pages:
Author

Topic: Bitcoin Price Analysis: What Has Triggered 30% Surge? - page 2. (Read 314 times)

hero member
Activity: 2590
Merit: 549
Rollbit
A very basic motion for bitcoin although it's still surprising even though we've seen it before. The speculated reason for this surge is with the words that came from Chinese President Xi Jinping. But I don't think that's the reason alone.

Just like what's on the news: Bitcoin Jumps 12% as China’s Xi Embraces Blockchain, Boosting Crypto Sentiment

Maybe that's one reason, but I dont think it is the "main" reason, since the Chinese president did not directly said he is interested in Bitcoin or any cryptocurrency. Instead, It's the blockchain technology alone is where he is interested in.  Just my opinion.
hero member
Activity: 2884
Merit: 620
A very basic motion for bitcoin although it's still surprising even though we've seen it before. The speculated reason for this surge is with the words that came from Chinese President Xi Jinping. But I don't think that's the reason alone.

Just like what's on the news: Bitcoin Jumps 12% as China’s Xi Embraces Blockchain, Boosting Crypto Sentiment
hero member
Activity: 2632
Merit: 833
just another day
3 days ago price went down. now it goes up.

Mr miagi teach daniel son. "market is like painting fence.. up down up down up down up down"

And now its falling! But I hope it will settle down maybe at $8.5k level. This looks like market correction is on the way but who knows, speculators gonna speculate big time!.

Maybe we need another major stimulus like the announcement from Chinese President Xi Jinping himself - again please!;D

I guess $8k-$8500 will be the normal price, support along that price is huge, that's why I was surprised to see the price goes to $7400. But it seems the market will normalise again and will be trading sideways until another break out run.

Don't like this sort of "stimulus" though, it looks like artificial rise, what we need is people demanding more BTC because of the fundamentals behind and not the any news that triggers the price increase, just saying.
sr. member
Activity: 1078
Merit: 310
just another day
3 days ago price went down. now it goes up.

Mr miagi teach daniel son. "market is like painting fence.. up down up down up down up down"

And now its falling! But I hope it will settle down maybe at $8.5k level. This looks like market correction is on the way but who knows, speculators gonna speculate big time!.

Maybe we need another major stimulus like the announcement from Chinese President Xi Jinping himself - again please!;D
hero member
Activity: 1273
Merit: 507
There is no difference to the other threads created just recently, popping out this kind of post expecting that the reason behind of bitcoin price surge was because of announcement of China's adaptation of blockchain technology. Which is a great impact though in the crypto community. I think, the up trend would be continuous until the end of the year.
Hopefully this will continue until next year, until bitcoin halving arrives and if this happens we can easily see the bitcoin price reach 30,000 $ by mid-2020.
hero member
Activity: 2394
Merit: 589
Bitcoin Casino Est. 2013
There is no difference to the other threads created just recently, popping out this kind of post expecting that the reason behind of bitcoin price surge was because of announcement of China's adaptation of blockchain technology. Which is a great impact though in the crypto community. I think, the up trend would be continuous until the end of the year.
legendary
Activity: 1946
Merit: 1137
you shouldn't be trying to analyze why price came back to where it was supposed to be, instead you should have tried analyzing why price went down below the price it was supposed to be at in first place. which means you are a couple of days too late since the unexpected drop happened already and the expected come back of it is currently happening without needing any kind of "analysis"!
legendary
Activity: 4214
Merit: 4458
just another day
3 days ago price went down. now it goes up.

Mr miagi teach daniel son. "market is like painting fence.. up down up down up down up down"
jr. member
Activity: 289
Merit: 3
Bitcoin Price Analysis: The current Bitcoin price at the time of writing is $9,727.82, with a market cap of $175,232,275,249.

Read here: https://coinpedia.org/news/price-analysis/bitcoin-crosses-9k-price/

What's your take on this?
Pages:
Jump to: