Bitcoin Price rising since 4 days ago

btc_angela

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Quote from: STT on January 07, 2020, 10:09:24 PM

Missiles launch from Iran into US bases and Bitcoin goes upwards, on the surface it appears immediate proof Iam wrong as BTC rises through possible negative trends on this news background. Quite impressive imo, we have to see if it can hold and confirm at this higher level. It may build if thats the case, more interesting then sideways for sure.

[.. snip ..]

Break past the 50 day has more bullish then we've seen in a while, game changer stuff

Yeah, I would agree that it is a game changer if indeed this is the main reason why bitcoin became bullish after all.

But I'm not still buying it though, are there Iranians suddenly putting their wealth on BTC to hedge in worst scenario (ww3)? Let's see if we can break that 50 day MA if we remain bullish and goes for $8500-$9k price range.

Yaunfitda

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Probably when we hit $6900-$7200 people realized that it is the best time to enter prior to halving and I think this what happened to the market regardless if we're going to see a confrontation between US and Iran.

Crypto investors are smart, they will take every opportunity, specially the whales, so they see the current sentiments, they go for it, followed by FOMO. The result? Price being pushed to $8300 and we could it see even touching $8500 if this continues.

HopeGen

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Quote from: DreamStage on January 06, 2020, 08:09:44 AM

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It looks like more Investors are willing to Buy since WW3 News popped up. Or it might be for some other reasonings like Bitcoin upcoming Halving. But who knows (my own speculations).

We already know such happenings will occur within such small time frame till the next halving.
But these World War announcements and fuzzes all across the global has reached so many people that Investors might want to put their chances into the virtual currency for hodling their funds.

Or it could also be something due to halving for the upcoming price swing.

What do you think the recent price jump is due to? Iran attack, halving or something else?

We will somehow avoid WW3 and Bitcoin will have a massive rally in less than two years. If WW3 has started, then spending time talking about crypto is not nearly as much fun anymore, so let's hope for the best.

barabarian1

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I think the increase in bitcoin right now is not due to Iran and America conflicts. in my opinion the current increase in bitcoin is the usual increase that occurred before bitcoin was reduced by half. if we look at the bitcoin graph in 2016 before bitcoin was reduced by half it also increased. so I think this is an increase that usually occurs in bitcoin fluctuations.

STT

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Missiles launch from Iran into US bases and Bitcoin goes upwards, on the surface it appears immediate proof Iam wrong as BTC rises through possible negative trends on this news background. Quite impressive imo, we have to see if it can hold and confirm at this higher level. It may build if thats the case, more interesting then sideways for sure.

Break past the 50 day has more bullish then we've seen in a while, game changer stuff

TitanGEL

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Quote from: beerlover on January 07, 2020, 01:43:04 PM

Wow bitcoin reached almost 8 thousand dollars, honestly before this thread I wasn't sure where it was going, last I checked it moved to $7.8k and that was a good increase if you asked me, this new 2020 came with a huge increase that I didn't realized.

I was on holiday (new years) for a while and just came back so I wasn't really looking into the prices that much but today was my first full day at work so I had a chance to look at for the past few days it kept on increasing. Do you reckon it will continue to rise like this? I mean the $9.2k level is the biggest resistance we have right now and if we could break that I don't know how high it could get, all other resistances are not that big but for now, when we get there I am sure they will grow as well right?

I checked the price today and I also got surprised to the 20% rise of the bitcoin last 4 days ago. Those who bought in the bottom are really genius and skillful because they got bottom fished. The price is continually increasing and also the volume is increasing, it is a sign that there will be a market reversal that will happen. For those trader like me, it is what we are waiting for, the bullish market may come so we should now be prepared.

beerlover

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Wow bitcoin reached almost 8 thousand dollars, honestly before this thread I wasn't sure where it was going, last I checked it moved to $7.8k and that was a good increase if you asked me, this new 2020 came with a huge increase that I didn't realized.

I was on holiday (new years) for a while and just came back so I wasn't really looking into the prices that much but today was my first full day at work so I had a chance to look at for the past few days it kept on increasing. Do you reckon it will continue to rise like this? I mean the $9.2k level is the biggest resistance we have right now and if we could break that I don't know how high it could get, all other resistances are not that big but for now, when we get there I am sure they will grow as well right?

wheelz1200

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Yeah it's been a nice bump up, I do expect some sideways clawing for awhile but we all know what the honey badger can do when people fall in love on the buy side. I'd like to think there would be some massive profit taking before we head towards $10k so that might take awhile to get back over the 10k line

asus09

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Quote from: STT on January 07, 2020, 12:22:28 PM

I really dont think WW3 is bullish for Bitcoin but maybe I'm wrong as its reliant on the alternatives and overall demand for free movement of capital value. Iran and China and a few other countries have restricted currencies or failed FIAT standards altogether so perhaps there is a connection that helps BTC price.
I'll assume no connection as this rise is quite slight but also over time if we observe consistency ongoing in a regular rise occuring then thats good proof also. We are past the 50 day average and price is trying to beat the next set of negative patterns to continue upwards.

1 hour bars and 2DMA on blue. 8500 is a target I think.

Will ability for bitcoin back to $8500? many investor most excited for bitcoin could back with higher price after waiting more with long time, maybe new year new way for bitcoin destination back to higher price and give opportunity for every one loss their investment money whit bitcoin can take back again.

STT

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I really dont think WW3 is bullish for Bitcoin but maybe I'm wrong as its reliant on the alternatives and overall demand for free movement of capital value. Iran and China and a few other countries have restricted currencies or failed FIAT standards altogether so perhaps there is a connection that helps BTC price.
I'll assume no connection as this rise is quite slight but also over time if we observe consistency ongoing in a regular rise occuring then thats good proof also. We are past the 50 day average and price is trying to beat the next set of negative patterns to continue upwards.

1 hour bars and 2DMA on blue. 8500 is a target I think.

YuginKadoya

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Quote from: Boov on January 06, 2020, 09:46:36 AM

This is a real and great sign for those who patiently wait in the bitcoin's value inflation although its not high just like before but at least there is an improvement. More people will believe and expect for bitcoin's value inflation after this years halving season and many of us will be motivated to keep and hold coins and sell them after the halving season.

Many do believe that the Halving season will be a great leap for the price of Bitcoin we can all sure speculate it that way however there is in fact some risk involved in it as well, We can not simply determine what might happen but the movement does indicate that many are getting back with Bitcoin and that it is again gaining demands because of the upcoming Halving.

Quote from: joshy23 on January 06, 2020, 10:18:36 AM

The increase still shows a good movement from investors point of views, people who easily get panic and sold their assets are being victimized by
the volatility of this market. You have to make a good assessment before judging your position, for short term traders this momentum already gave
them opportunities to scalp and earned from this current rise.

It is really hard to make an assessment on what is next on the slight movement of Bitcoin I guess there is sometimes luck needed for ones to truly learn from Bitcoin, There are these people that only wants a fast earning because of its volatility but I think that is not a good mindset at all, because you are prone to panic every time the price plummets downward.

smyslov

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Quote from: DreamStage on January 06, 2020, 08:09:44 AM

It looks like more Investors are willing to Buy since WW3 News popped up. Or it might be for some other reasonings like Bitcoin upcoming Halving. But who knows (my own speculations).

We already know such happenings will occur within such small time frame till the next halving.
But these World War announcements and fuzzes all across the global has reached so many people that Investors might want to put their chances into the virtual currency for hodling their funds.

Or it could also be something due to halving for the upcoming price swing.

What do you think the recent price jump is due to? Iran attack, halving or something else?

World war 3 in my opinion is out of the question, it was just a speculation, no super power is strongly opposing US, things will be different if Russia and China meddle with the issue or North Korea, even if this events did not happen, we will still see the price of Bitcoin climbing because of halving although not this fast at this early stage.

arwin100

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Quote from: Fatunad on January 07, 2020, 06:46:21 AM

Quote from: kolonel_x on January 07, 2020, 06:41:43 AM

Everyone already knows that IRAN is currently in conflict and there is a lot of circulation about bitcoin in Iran that is very high. The price of x3 may be its influence, so there is a lot of demand for bitcoin.
It could also be because halving is getting closer because there have been many predictions that in January the increase in BTC will increase and it happened recently and maybe that's the reason so bitcoin rises overnight.

If you're not aware iran has moved $2billion in btc and that may be one of the reasons of the continued increase of price and another thing is the halving. It could also be the btc halving taking effect of the hype and many people starts buying while the halving is closing in on may 2020. I hope btc will finally break the $10,000 barrier.

I never heard that thing or maybe I missed to read a latest article regarding on that and so far Iran is been a hot talks right now especially in crypto scene since provably they will create an impact to the price since the war is threatening their economy but hopefully we can break the $10,000 mark price since if this one will happen provably we can see those price sky rocketing up like what happen on 2017.

Divinespark

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There is no obvious reason for the price of Bitcoin to go up today, it is likely that the price of gold and the rise in oil prices have made bitcoin price reach $ 8000 and this is certainly a great signal for all of us. Over the next few months I'm sure bitcoin will continue to rise and soon reach $ 10,000 again when halving is coming very close

Fatunad

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Quote from: kolonel_x on January 07, 2020, 06:41:43 AM

Everyone already knows that IRAN is currently in conflict and there is a lot of circulation about bitcoin in Iran that is very high. The price of x3 may be its influence, so there is a lot of demand for bitcoin.
It could also be because halving is getting closer because there have been many predictions that in January the increase in BTC will increase and it happened recently and maybe that's the reason so bitcoin rises overnight.

If you're not aware iran has moved $2billion in btc and that may be one of the reasons of the continued increase of price and another thing is the halving. It could also be the btc halving taking effect of the hype and many people starts buying while the halving is closing in on may 2020. I hope btc will finally break the $10,000 barrier.

kolonel_x

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Everyone already knows that IRAN is currently in conflict and there is a lot of circulation about bitcoin in Iran that is very high. The price of x3 may be its influence, so there is a lot of demand for bitcoin.
It could also be because halving is getting closer because there have been many predictions that in January the increase in BTC will increase and it happened recently and maybe that's the reason so bitcoin rises overnight.

Shinpako09

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Tbh, I didn't expect it to have some slight improvement this early. Even there's a war going on and upcoming halving. I thought were gonna have the same scenario like last month until February. Really expect the unexpected in btc. But I don't know, i'm feeling this is not yet the rise we are waiting. I'm still not satisfied or convinced even if we break the $8k barrier or even $10k until we haven't passed the halving. Also, this is just a small increase to say bull run is getting started.

alexsandria

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Quote from: YuginKadoya on January 06, 2020, 09:27:49 AM

I really think this is not a good thing for people that have sold their bitcoin because of the panic, and that they realized they had done something wrong, and a really good thing for most people that still holding their Bitcoin despite the decreasing price range,

I wanna add those people who spend during Christmas season. Though that ain't bad because it is a different story but the opportunity are just coming right here now. Well, no regrets. Anyway, this price increase is in still on their long way to go. We cannot yet claim a certain situation too early as this however this might good as a sign which we have to take an action with, or prepare at least.

kapalmabur

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Quote from: Hypnosis00 on January 07, 2020, 05:42:19 AM

Quote from: joinfree on January 06, 2020, 03:41:14 PM

Yeah, this has become very obvious and some folks have started anticipating that this maybe the long awaited bitcoin bull run. However what these people are failing to see is that bitcoin has touched these levels before and it's no big news when we see bitcoin at $7.5K. Some of us have really set our selling orders at $20k and above so until there we are still holding.

Yes, we've seen and experienced this before, it all just excited to see the skyrocketing price that may possibly happen this year. It all has the hopes and even this few pumps will be some consideration that we are moving back high, not really directly to the bullish run but it looks like the same it happens before.

everyone is happy to see bitcoin return to the level of $ 8000, but for altcoin in the BTC pair has decreased, very lucky if you buy it at $ 7000, and remember the price may go down again

Hypnosis00

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Quote from: joinfree on January 06, 2020, 03:41:14 PM

Yeah, this has become very obvious and some folks have started anticipating that this maybe the long awaited bitcoin bull run. However what these people are failing to see is that bitcoin has touched these levels before and it's no big news when we see bitcoin at $7.5K. Some of us have really set our selling orders at $20k and above so until there we are still holding.

Yes, we've seen and experienced this before, it all just excited to see the skyrocketing price that may possibly happen this year. It all has the hopes and even this few pumps will be some consideration that we are moving back high, not really directly to the bullish run but it looks like the same it happens before.

Topic: Bitcoin Price rising since 4 days ago (Read 365 times)