Bitcoin surge in the last 24hrs - page 2.

Dave1

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Quote from: Out of mind on July 24, 2024, 09:58:04 PM

Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day. In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

I thought that the market is going to be strong even if there is a big of news about Mt. Gox repayment. But it seems that it already takes it's toll on the market in the last 8 hours time frame as surprise, surprise we have been seeing a incoming dump at $64k.

However, I don't see anything like that it will go down to $54k like when then news of the German dump. As far as I know, Mt. Gox is not going fully dumping and it will take months and a step by step repayment scheme although it is worth billions.

JeffBrad12

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Quote from: Out of mind on July 24, 2024, 09:58:04 PM

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day. In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

I think it was the expected price swing before the last surge of this bullrun cycle, so many people including analyst and trader with their TA already expected that the market will dumps a little bit before the bullrun begin, sort of accumulation phase, could be a good time to accumulate, if we really believe that the bullrun isn't over yet but there are many pessimist as well that said $74k was the peak, honestly I don't buy that kind of pessimistic take.
with the presence of BTC ETF and ETH ETF, i don't believe price will decline below $55k even at the worst dips ever.

Popkon6

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Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

Bitcoin price has been hovering between $70k and $60k for a long time. You notice Bitcoin price touched 53k a few days ago only there was German government selling Bitcoins and market dumping was normal. Usually a downturn in the Bitcoin market creates an opportunity for investors to invest. Because already the Bitcoin market will reach the peak of growth, but it is only a matter of time.

[/quote]

Quote from: BoB_Bass on July 16, 2024, 05:28:14 PM

HaHa I love it that Bitcoin always does the opposite of what people expect. The German sell-off caught people by surprise with a small slump. Now over on the MtGox thread everybody is predicting a crash because the trustees moved some coins to an exchange. And instead we get a pump.

Two lessons here, don't try to second guess Bitcoin, and don't listen to anybody on social media.

This is only because the German government is responsible for causing the recession market. Social media in particular broadcasts the most unreliable news. Where we should not believe because it is good to elude us, the right must be scrutinized.

Out of mind

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Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day. In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

lizarder

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Quote from: STT on July 23, 2024, 05:30:52 PM

Volatility and volume peak at turning points, I concur with whoever said such things. We're in a staid market caught in a range and the surge was a reflection of the prior sell. Now once again we sell from previously seen peaks.

Now small corrections and recoveries are happening and it is possible to take profits. But for someone who is holding for the long term they will never want to check the market all the time. I try to find small profits at the current price and always sell at a certain percentage on the next move up. This is interesting to me because every time bitcoin goes up, there is a little profit that I can make, especially over the last few days.

Quote from: STT on July 23, 2024, 05:30:52 PM

Fair objective now is for us to fall back to the weekly average, exactly where we are at this very hour. However I will remain bullish overall so long as we are both above the 50 day average and that average continues rising, its a bit flat but a rise here or near there is quite possible.

If in doubt we rinse, repeat till this whole area of price range is washed clean of temporary trades.

I observed and it almost happened in a certain period, the weekly average continues to be in good condition because the correction never touched the lowest price. Optimistic that there will be an increase above $ 70k again in the near future but maybe not for this month period because I believe the price is not far from the current range.

Temporary trading with weekly accumulation will give small profits and this is the best opportunity if someone wants to play temporary trading to get profit.

STT

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Volatility and volume peak at turning points, I concur with whoever said such things. We're in a staid market caught in a range and the surge was a reflection of the prior sell. Now once again we sell from previously seen peaks.

Fair objective now is for us to fall back to the weekly average, exactly where we are at this very hour. However I will remain bullish overall so long as we are both above the 50 day average and that average continues rising, its a bit flat but a rise here or near there is quite possible.

If in doubt we rinse, repeat till this whole area of price range is washed clean of temporary trades.

wxa7115

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Quote from: Orpichukwu on July 16, 2024, 05:50:30 PM

Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I don't know why people just give too much credit to something that happens around. I don't see any significance that the Trump assassination attempt brought to bitcoin; it's just a normal price correction from the price crash caused by the government's bitcoin selling, and again, the price of bitcoin did not reach $65,000 immediately after the attack; it took hours, and it's been more than 24 hours since the attack before the price of bitcoin reached $65,000 again.

It is not totally unrelated either, after all we saw the stock markets also going up roughly at the same time, so a connection could exist, and when you think about it, it is easy to see a reason why this may be the case.

If we take a look at what Trump did during his previous presidency, we know for a fact he will pass policies which benefit the richest, and since the assassination attempt failed this has caused an increase on his popularity, which could be more than enough to guarantee his victory on the next elections, and this is making those at the top happy as this means less taxes for them to pay.

STT

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69k is the target now same as before, its just going to hit the range boundaries then sell. The strength of resolve vs that selling from speculators will determine strength going forward and if BTC can go further above or just repeat itself endlessly like its been doing so long now.

I dont buy the political link either but its reminding me of previous times when hype drove the price some. Its like a pan boiling over, its surprising how far it can go but ultimately we do need to find out where the real baseline strength is beyond imaginations of positives that are yet to occur and may never happen.

Zigabel

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Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I'm really finding it difficult to bring together the relationship between these two because personally I don't see any, Donald Trump has never in any statement of his rooted for cryptocurrency, he's always antagonizing it with the belief that it's used to fund crime, so I'm not going to buy into the idea that the incident has a thing to do with Bitcoin prices in recent times.
One thing I know further about Bitcoin is in the fact that it's independent of the economic situation of a particular nation, even political happenings in a particular nation usually do not get to affect Bitcoin pretty much except in some instances and it will be if mild impacts not as much as what's witnessed now.

legendbtc

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Quote from: barisbilgili on July 18, 2024, 11:53:41 PM

Quote from: Fara Chan on July 18, 2024, 04:48:30 AM

Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

I think it has nothing to do with it, because if it were related, the price of Bitcoin would fall because of that event, but in fact the price of Bitcoin is moving in a different direction.
The increase in Bitcoin in the last few days is a response to the sharp decline that occurred previously so I think it is very natural.
And now we haven't seen the price of Bitcoin move higher than the price of 65k so in my opinion it is still the support price so if you look at it from before the sharp decline last week then there is no significant difference.

Why did bitcoin price decrease following that event? Did you know Trump's approval rating skyrocketed right after the failed assassination attempt? Meanwhile, everyone knows that he is very pro-bitcoin and that means the market will also benefit if he is elected. Therefore, it is understandable that investors have positive sentiment from that event.

Bitcoin will only go down in price if he is shot dead that day because this will be a black swan for US politics and it will affect all other markets, not just bitcoin.

It will be hard to believe and many people will not like this, but many investors are very excited about Trump and the upcoming election, so news related to the election will certainly impact the market in the near future. It is inevitable.

barisbilgili

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Quote from: Fara Chan on July 18, 2024, 04:48:30 AM

Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

I think it has nothing to do with it, because if it were related, the price of Bitcoin would fall because of that event, but in fact the price of Bitcoin is moving in a different direction.
The increase in Bitcoin in the last few days is a response to the sharp decline that occurred previously so I think it is very natural.
And now we haven't seen the price of Bitcoin move higher than the price of 65k so in my opinion it is still the support price so if you look at it from before the sharp decline last week then there is no significant difference.

asriloni

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Quote from: Fara Chan on July 18, 2024, 04:48:30 AM

Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin.

I don't think so. Trump blatantly supports cryptocurrency. This is also fueling speculation that he will be a crypto-friendly president. Then, it makes people speculate. They see a link between him and crypto.
Most people are talking about this too. It makes sense to argue that Trump's good news will impact cryptocurrency.

Quote from: Fara Chan on July 18, 2024, 04:48:30 AM

And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

I think the price wouldn't rise a lot if Trump died, but glad he isn't. However, the market is not strongly tied to Trump's case. But I'm thinking about Trump's choice of JD Vance as his vice president. It is building hype among cryptocurrency holders. JD Vance was a bitcoin holder. This shows how Trump is really supporting crypto.
It brings more optimism to the crypto.

bitgolden

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Looking at the current situation once again, it's once again higher and I think that's a good thing, we should be quite happy with what we have and not be worried about it at all. I think it's quite easy to say that we are going to end up with something that will take a while, and should not be a big deal at all.

Bitcoin was bound to go up, that doesn't mean that Trumps attack was no reason, or it was the whole reason, I would say that think of it like a filled cup, eventually one more drop and it will go overboard, and in this case that might have been the single drop required for it, whereas it wasn't the only reason neither.

We have been down for a while and that means we need to realize that things aren't always that easy, things could always get better and because it was tough for a while that means we are going to end up with something that will take a while.

I believe that we need to consider that it was going to happen one way or another, maybe if not this week, then it could have been next week but it would be impossible for it to not happen. This is why I think it is not a surprise for anyone and we are doing a fine job at this moment as well. Hopefully that will take a while to recover.

BTC Bridges

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Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

The fact that Trump lived through the shooting is viewed as bullish, since he is much more friendly to crypto than the Democrats. Also, Germany is done selling and we were over-due for a rally anyway.

Akbarkoe

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Anyone is free to have an opinion with what he knows and feels, and you are not wrong if you think that what happened to the price of bitcoin is one of the impacts of political events in the US, yes we know that one of the candidates does support the Blockchain industry, especially bitcoin, and if elected, he will definitely support bitcoin in America which is currently quite tightly monitored by his government.

But who knows, maybe it can also be said that all this increase occurred because bitcoin experienced a pure increase in market demand that made the price spike, there is nothing wrong with the opinion if the basis of your argument is clear and can be calculated biased as a weighted argumentation assessment.

lizarder

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Quote from: Fara Chan on July 18, 2024, 04:48:30 AM

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

He is indeed running a campaign as a presidential candidate but he once made a statement about supporting cryptocurrency and bitcoin. People associate the statement with the events that occurred so that bitcoin increased to more than $ 65K. But for those of us who have known bitcoin for a long time, that should not be one of the reasons that made bitcoin increase from the previous correction process because if you look at it now bitcoin is experiencing a positive trend after the correction some time ago.

I want to see the price of bitcoin break above $ 70K even though if you look at the moment it has not been seen for this month. I also believe that there will be another correction after this and we will prepare to accumulate. So it is necessary to prepare to enter the market and for those who have made a profit in previous investments can wait for the right moment to accumulate.

Fara Chan

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Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

Marvell1

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Quote from: JeffBrad12 on July 18, 2024, 01:16:32 AM

Quote from: $weetne$$ on July 17, 2024, 04:54:20 PM

I do not see how this is related to the price of Bitcoin increasing, the attack is supposed to make the price of Bitcoin to fall if the market was responding to the attack on the US presidential candidate and he has not won the presidential election yet so why will the price of Bitcoin rise because of this. Everybody is going to have something to say that it is what is causing the market to increase and my best theory is the fact that Germany has stop selling Bitcoin because they have sold everything they had, that is what the reports are saying and I believe many traders are seeing this news and getting happy to start buying Bitcoin again causing the price of Bitcoin to start recovering. There is also the theory that this rise is just the market recovering and has nothing to do with any news because after a dump, Bitcoin price use to bounce back before we can expect further rise or fall.

aside from Germany that stop selling BTC which causes the fear to subsides I think the news about trump does play role as you might know trump is about to attend the bitcoin conference and have a speak in there so maybe people are pretty bullish.

some people also said that BTC climbing because technical analysis and indicator says so but honestly its all speculation, nobody really know what was the couse of sudden reversal after such big dump.
but it's always good to know that bitcoin reached $65k breaking the resistance, probably could come back to $70k again eventually since right now bitcoin is pretty strong unwavered by the fuds of Mt gox dumping.

I also think that the sudden increase in bitcoin price is somewhat related to Trump's news because we all know he supports bitcoin in this election and made potential promises to the market. Regarding his assassination, this news caused his approval rating to become president to increase sharply, so it is reasonable for investors to be more optimistic.

But it is still too early to say that bitcoin will return to $70k and not be affected by the Mt.gox news. The news about Mt.gox has not been as hyped as the news about the German government that spread before and that is why the market has not reacted strongly. We need to wait until Mt.gox actually distributes their bitcoins to the market, then we will know exactly whether the market will react or not.

Adbitco

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I don't see any reason to be the effect of what happened, naturally bitcoin doesn't move according to how we predicted it instead could moved on the reversed way, there are people who has been trading with effects of Mt. Gox but instead the price still make another wave moving from 55k to 65k within 72 hours. what you must know is that people always speculate about bitcoin price with uncertain words could come or not come fort, most times when it doesn't happen as they said it become false and it slightly happened they want credits for their rough speculation.

LogitechMouse

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Quote from: Obi-Ejike Banito on July 16, 2024, 03:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

In full support of cryptocurrency? How sure are you that he really is supporting cryptocurrencies in general when he's posting negative tweets here and there a few years ago?

If he's in full support of crypto, he must've said positive things about it even though he isn't running for presidency, but he's only doing it now - now that there is an election that's happening. TBH, the so-called "assassination attempt" towards him must not have any price impact towards the price of Bitcoin, but since in the past few weeks, he showed support for it, investors might see it as a positive hence, they bought Bitcoin causing the price to increase.

There's no correlation between the two, but this shows how unpredictable and exciting the market is, and how unpredictable the investors are. Any event that happens can make the price of Bitcoin either rise or fall.

Topic: Bitcoin surge in the last 24hrs - page 2. (Read 798 times)