Bitcoin Price Analysis: What Has Triggered 30% Surge? - page 2.

Oasisman

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Quote from: sunsilk on October 26, 2019, 04:55:45 AM

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.

sunsilk

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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

TravelMug

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Merit: 833

Quote from: lobat999 on October 26, 2019, 04:39:50 AM

Quote from: franky1 on October 26, 2019, 02:30:13 AM

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.

lobat999

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Quote from: franky1 on October 26, 2019, 02:30:13 AM

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

Palider

hero member

Activity: 1273

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Quote from: Text on October 26, 2019, 02:47:06 AM

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.

Text

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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.

Herbert2020

legendary

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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"!

franky1

legendary

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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"

Prateek_sharma

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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?

Topic: Bitcoin Price Analysis: What Has Triggered 30% Surge? - page 2. (Read 348 times)