Topic: Bitcoin surge in the last 24hrs (Read 798 times)

Of course, as I have said, Bitcoin is very volatile, unpredictable, although others thought that they can predict it because they have this tools called technical analysis. But for the majority of us who don't use TA at all, very hard to predict and so we can only say that "anything can happen", meaning it is unknown but there is a big possibility that in the future we might see the price to go up.

We are in the bull run already, $70k could just be a entry point as we have seen that before and we even have a new all time high prior to the halving. But with halving itself being viewed as the catalyst for a bull run, yeah, we might see another rise to even 6 digits in the last quarter of the year or at least when we see who is going to win in the US election.

When we say the phrase 'anything can happen' I think there is no time frame for it but things can come even in an instant or later than the dates that we are expecting. I won't only say that there is no assurance, as that sounds that there is no possibility for that thing to happen anymore.

BTC is a volatile crypto, so there is no way that it can maintain a value, especially for a long period of time and it's easy for the price to go down than for them to go up because people are here for the profit and it can mostly be achieved if we are going to sell our possessions. We are still at the recovery phase and those who kept looking at their portfolio sounds so excited. I think they should minimized that. They better treat things easily and smoothly only because this is the ones that can make them to HODL longer and makes them to earn a bunch of profits.

What we see is what we get, so even if we disagree with this, things are already there happening but this is something that we can't say bad because like you said there, we are still benefiting with the positive effects that it gives to BTC. Anyways, $70k is still a normal price point for those who are not new in this market. I am still expecting that another rise can happen and it must be a strong one especially when the Election is already over and Trump finally won the battle.

It's overall confusing situation for most and it's understandable, there are so many things that can go wrong and could heavily affect the market



these news will make any technical analysis useless and will create hard time to navigate around the market for sure.
we all want the overall world situation to be well but the reality is that, there are many potential things that could drive the market not limited to crypto but stocks as well to go down.

but at least BTC now recovered back to $58k level though the possibility for it to go below $50k is still there.

Election is still in November, so anything can happen, although we might have to agree that Trump has been using Bitcoin in his favor and then we have a good spike in the price, reaching as high as $70k. But it's not an assurance, or at least we didn't see the price maintained that level as we have been dragged and go to $50k. The good news is that we have recovered to $57k, and I do agree that every dip should be taken as a opportunity to buy more. So good for those who have bought already and for sure they are looking at their portfolio, full as we might have to go and try to reach $60k'ish again.

Public figures and politicians can play a role in the media to influence market conditions, but it is not a strong factor that can happen at any time. Let's say it's true and the news that appears can have both effects that you mentioned, but I believe it is only temporary. In terms of investment, people see two different things, how to take advantage of the opportunity to accumulate purchases and take advantage of the upward momentum to sell them. This step is considered a position that needs to be recognized so that investments can run according to the desired target.

Don't focus too much on the news produced by anyone, even though sometimes it is true. Because if investment relies on other people's thoughts or the effects of the news produced, it will be difficult for us to determine the direction of investment. It is better to focus on collecting and creating strategies so that we have conclusions in running the investment correctly.

One piece of news could change things suddenly in the near future. It could be a positive change or a negative change. Don’t be surprised.
It’s possible that Donald Trump’s campaign could be a factor in driving the price of Bitcoin up, but it’s not the key factor, although at this moment in time the percentage of buying could increase, plus the current position of the price chart is pointing down to 3.20% in the last hour. This would be a buying opportunity.

He could be the one that might push this Bitcoin rally to $100k or higher this year and to the next year. But not going to be easy and there could be a lot of surprises a long the way. The Trump campaign will take months, election is on November, so there could be news that will push the price again or market just really going up because of the economics of Bitcoin, law of supply and demand.

So again, we should be really going long or look at the bigger picture. Currently after peaking at $70k during Trump's speech, the price decline again to $64k. So there are still people who sells and try to make profits instead of HODLing so we can't blame them for that. But at least we should stay in the market and I'm expecting that we might see $80k-$85k at the end of the year and for sure others too have this prediction in hand.

There are times when we will be shocked again with reality that is not in accordance with the price predictions that have been taken because of an action taken by someone who has an influence.
I support Donald Trump's ideas related to Bitcoin and because of Donald Trump's campaign, the Bitcoin price market has good support in terms of price. Hopefully what he says is not just political nonsense.
Do not 100% believe in the factors that have the effect because we could just one day the thing that was thought did not happen.

Yes, that's right. I'm also not sure if Trump is elected, he will fulfill his promises because we all know that politicians are evil, often breaking their own promises. So I see the rise of bitcoin not because of Trump, the history of bitcoin will continue to repeat itself even though the time is different because bitcoin stands alone and does not depend on political figures.

Yes, it is undeniable that the words of world figures sometimes have a big influence on market prices, but it doesn't last long because bitcoin will still recover. This is the same as after the previous Halving cycle, bitcoin was difficult to predict, but after a few months bitcoin rose significantly, this also applies after this year's Halving, bitcoin will continue to rise rapidly. Now bitcoin is slowly stabilizing, it is not impossible that by the end of this year bitcoin will create a new ATH that has never happened before. Putting hope in Trump is a mistake in investing in bitcoin, even though when the shooting occurred the price of bitcoin plummeted, but bitcoin did not take long to recover. Bitcoin is safer if invested in the long term.

It will still be up to Trump because if he breaks his promises and continues to enact market-unfriendly policies, there will be no short-term breakthrough for bitcoin. On the contrary, if he keeps his promise and appears friendly towards bitcoin, there will be strong positive reactions towards bitcoin as well as the market as a whole.

It can be said that it is still very early to confirm anything because we all know that politicians are very cunning and ignore every promise they make to us once they have achieved their goal. I won't put all my hopes on what he promises although I will vote for him.

According to the ability that we can bear and run because some people have the ability to adapt to short term investment to make a profit and some other people much prefer long term investment. When talking about investment, it definitely ends up talking about profit and there is nothing wrong when people use one or both at the same time. It depends on our own ability to choose and run which one and most importantly we understand the methods and strategies we want to do so as not to get unexpected losses.

Everyone must have a different version of both and that is a unique difference. For example, I choose long-term investment and it is not certain that people are not involved in short-term investment. As long as it is profitable when run, then do it because this is actually what we are looking for in an investment. On the other hand, with trading when they master how to do it, they will say that trading is much faster to produce.

I don't know if you have seen the recent surge in price after Donald Trump speaks on the Bitcoin conference, but it went as high as $70l. Unfortunately, it didn't sustained that big run of ours, I though we might at least stay on that level before the end of the month.

Nevertheless, it's a good sign, we still rely on the news and so in the next couple of months, if Trump wins that election who knows, maybe we are about in the $80k or even higher that that time as Trump could be the catalyst in this bull run for all we know.

We know that politicians are not keen on fulfilling the promises they make during their campaigns, but after the bitcoin conference on Nashville, Trump made a great deal of claims there, so if he were to not fulfill a single one of them this will become a problem down the line for him and his party.

So if he wins, I suppose that he will have to at least fulfill some of those promises, to keep those that will vote for him on those grounds happy.

I see it getting as high as $69,200, but not enough push to $70,000 or higher. So I guess there are speculators who sold along that price and even in weekends where I assume that they are somewhat taking a big break, they are not as the price goes down to $67, 500.

So really fast action in the last 12 hours or so and for sure they are glued on their computers pulling that sell order and to squeeze some profits this Sunday. But the market is strong, and hopefully at the end of this month, at least a good $69,000-$70,00 will be a fitting end for this month and we will go and see another month and then continue with the momentum of gaining a few %. Not that big, but enough to continue our green candles.

I don’t want to think that it’s the major reason, but undeniably, that incident creates a significant price increase for bitcoin. But asked if Trump is really into all out support for cryptocurrency particularly bitcoin, maybe for now because he’s still trying to win the hearts of the crypto community, but wait until he wins and sits on his position, then we will find out his real motive on bitcoin.

Really fast action recently and again today, fast up brief sell and recovery all to recognizable points on the graph.   People are playing the numbers like its a pinball game and all on a weekend.    In any case the close to this weekly bar will be bullish and a good recovery.

The only negative question and a slight one is if we can top 70 to 72k in this short term cycle of BTC.  I dont think failing to pass that measure as happened today is really a big negative, overall the recent dip was shallow and that usually means bullish attempts higher are not singular in occurance.

Traders will end up buying and selling daily and try to make profit, that is what they care about and I think they are not really making a mistake by thinking that way neither, they are dealing with something that is not that bad. This is why I suggest that we should keep considering what to do and how to do it very well, I believe that will definitely be something not so bad at all.

We should consider what would be greater, long term investment or day trading? To me, long term investment is a lot better and that is why I prefer that and do that, but I can see some people saying trading is better, and that is why those people will not regret selling, because while they are constantly selling, they are also constantly buying as well, meaning that they do not really have anything they need to worry about at all.

It is important to have mitigation about how a person places two directions in investment and its goal so that we can continue to benefit from the investment. Short -term can be used to get small profits and this aims to get profits as a support to meet long -term investment. Because it becomes a reference for someone to take consequences and is a choice that must be carried out consistently is a long -term investment, especially for bitcoin. Why do people say about utilization because this is talking how we can generate profits under any conditions.

If the opportunity to generate profits in the short term is available then do it because we need money. But the most important thing is how long -term investment must continue to be improved because that way we will get financial freedom that is far more consistent. Every time there is an opportunity from there we must start and most importantly not greedy and do not invest in a hurry.

To answer the poll, it doesn't. Bitcoin is bitcoin, no matter wherever you are in the world. There are rare cases like Iran and NK, which would be very different and difficult to handle because of the issues they are facing, but aside from that I am pretty sure that we are not going to deal with anything that will take that much time.

I personally believe that the best thing to do would be just making sure that we are dealing with something that will take some time. Location is unimportant, and if you live in any other nation, like a normal regular nation that can trade with others etc, then it is going to be same in all of them.

Going back to surge, we had a good week, or even can say that it has been a good month, but right now we look like we peaked at this run, maybe I am wrong and it could go up some more, if that happens it would be awesome because I am holding some, and I would love to see it go up. However, it could start to stay stable for a long time as well, it happens in crypto a lot, while it is volatile when it moves, sometimes it doesn't move at all and we could just end up with something very different, not going to be the same and we are going to end up with a different result.

Although this can be good for you to do regularly at any time with slightly different moments, I think you also have to have a certain amount of assets that you place into long-term investments while enjoying your work in generating profits in trading like that. Because if you always sell Bitcoin at a certain level of profit and forget to save some of it as an investment asset, it's possible that feelings of regret will come to you after you are unable to buy back the Bitcoin that you have sold now in the future.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.

The past weeks  has been occupied with a  collapsing downtrends for bitcoin marching with the entire Mt Gox and Germany government sales of a part of their bitcoin hodling creating a market sentiment making the price of bitcoin to go as low as $53k after touching a new ATH in March. To be sincere, some of us never prepared for this as their laser was just focused on price doing more of uptrends to $100k.

On answering the question about Trump failed assassination attempt having anything to do with the price of bitcoin surging to $65k within few hours after that incident, I think it definitely relates, it's no coincidence. I mean Trump is a diehard cryptocurrency enthusiast and he has in time past being a positive influence to the cryptocurrency market which makes believe that his eventual emergence as the next US president could lead to more interest from institutional investors in bitcoin.

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.

The positive tendency in Bitcoin charts was already going on before the attack on Trump. As soon as the German government sold all their coins, we immediately saw a recovery in the market beginning. The Trump effect just boosted the current trend. Anyway, I think the current price we are seeing was inevitable. With or without Trump being attacked we would reach this price range, if not this week, on the next or so...

To claim Trump had an essential role on this case, would imply Bitcoin price to reach an inedit price range around 70,000$ or more. But what we saw instead was just a recovery to a known price range from one month ago. Nothing new at all.

Now let's hope Mt. Gox redistribution isn't going to crash Bitcoin price to 50,000$'s again. So far, everything under control, considering the daily volatility of the market. Next week will be crucial, as it's expected the money from the redistribution will finally reach customers' hands.

Whether there are sentiments that do happen or events that did really occur on the moment that Bitcoins price is rising then it cant really be that so shocking that people would really be finding up things on which
they could really be able to attached on. on which on the time that it did make out some surge after that Trump incident or happening then you cant really be able to stop people on having those kind of thoughts
that there's a relation about into that situation into the current price movement on which we know that there's no assurance that it will really be that 100% reason on why this market did make out some movement.

We can make those assumptions all we want but totally there's no way to prove out that this was actually the main reason because we know that this market could movement without having sentiments around.
Whether it did really have connection or not then there's no way that we could really be able to know out. If you are someone who had been able to buyback when it did make out such dip then
you are definitely making profits as of this moment.

I still don't understand the reason for this or maybe it was a planned work or not, but for him to be attacked and then the whales moving funds from one address to another as well as the sale of Germany bitcoin holdings all have been what many were saying as reasons behind the rise and fall of the present market, though things like this could have a significant influence towards the market but still yet, we have to see it also as a means through which we may say that it was not it at all.

The surge is definitely linked to his survival of the assassination attempt and that is already an indication that he is pro-bitcoin. Trump have been vocal about his support for bitcoin so I feel the bitcoin community are optimistic that if Trump wins, it will favor bitcoin. I even learnt his vice is an old time holder of bitcoin. If that is true, then bitcoin will prosper under Trump presidency. Hopefully we will see bitcoin reach $100k as more opinion polls are conducted that put him on the lead.

Considering that Donald Trump is pro bitcoin and even his deputy owns $250K worth of bitcoin, this is a form of great support for bitcoin and surely behind this there is a slight influence on the price, but I am sure that behind this significant increase there is more news from Trump.

Do what you want, because it's short term, but for me the long term is better to get through all the negative news.

Of course there is, any scenario that stirs up the media can affect the price.

Exactly, 100%.

We can't blame everyone when they have been spread with the fear that whoever started it out and they catch it. That's how many of these giants are trying to eat others alive and with the opportunity they're being stopped.

The surge that we got today is unexpected for which you've said, that all of us have been expecting that the drop should have come.

Are you for short-term? do what you think you should do.

I don't think the trump assassination saga would be a reason for the increase in price and if that should be considered then it is suppose to pull price further down. Apart from the German sell off, I think the market is reacting to the trend which has been established even before halving and so those downsides were not really strong waves down. The market correction should not be seen as fud on trump attack. Trump is positive about cryptocurrency especially bitcoin but he has I don't know if that was part of the agendas that he was speaking on at the rally where the assailant tried to attack him. Moreover, it is expected bull season, so anything that will trigger the move up will comfortably do that.

The fact there hasn't been a clear speculation on the price suddenly skyrocketing and looking very possible of reaching $70000 mark is still something I ponder about.
Should we make buys now and expect profit by August or meet another disappointment?
Or is there a particular scenario that affects prices?

You guys should stop relating what is not to events, Bitcoin moving up this week has started the preparation a week earlier and all my speculation was telling me that this week would be a bullish one and I'd consistently made reference to $62,120, which after breached it jumped massively upwards, it's purely technical. Did anyone buy Bitcoin in billions because Trump was attached, what is even the correlation? If you have, point it out,  that's unthoughtful of.

Even this Trump you guys are now lousy about will disappoint you. Someone who had earlier condemned cryptocurrency now turned into your messiah simply because he is seeking reelection and you believe Trump?

I just love how people link Bitcoin price movements to all events they see, forgetting what is the most important.

As said, Germany has sold a really significant amount of bitcoin in the past days. Now that stash has depleted, hence the selling pressure ended, leaving Bitcoin price free to grow again.

Meanwhile somebody tried to shoot Trump. And Trump's benefit to crypto is debatable, since in the past he was against it and now embraces it because it suits him well. Since he is a politician, there's no guarantee on what he will do in the future, no matter he's going to be elected or not.

I'd guess that the lack of selling pressure had much more effect than whatever happens to Trump.

Indeed it has surged in the last couple of years and tipping at a high $66,000. But the thing is that it's not that sustainable though as we are again might be struggling to get into $65,000 mark. So we still that far from the surge or at least trying to get to a new all time high.

For the US election, being the top nation, everything that happen in that country has an effect on all market not just crpyto, so yeah, with him putting crypto in their political agenda, it might be good for us in the long run. And we are thinking of what could be the catalyst for this bull run? Maybe we are looking at it right now, as Trump might be re-elected, second term as US President.

I don't understand the voting though, but obviously USD is the gauge, but if you have a local crypto exchange, obviously it will equate to your fiat.

As for the surge, it called FOMO, that's why others suddenly invest their money because of Trump being pro-crypto. And then there is the drama about his assassination attempt and that they has 9 lives and then picking up a good VP candidate in Vance, so what can you asked for? Of course, investors are going to take advantage of this recent news to create this pump.

We can only speculate how he will be pro-crypto once he get to the office and so far the odds for him are very high to be re-elected and then could really boost the price to 6 digits in the future.

Well it could be one factor that really push the price, or not. We just really don't know as the market is too big, it's from Asia to Africa, so there are so many investors, and traders that might put their money on the market just because they heard that Donald Trump chooses a pro-crypto Vice President as his running mate. However, as others have said, there are still in the background, the Mt. Gox repayment and so this could create another FUD and perhaps there could be investors might get nervous and afraid of this news to trigger another sell-off. So shouldn't be confident that we have seen a big surge in the price, it doesn't mean that it won't go down as what we have witnessed with the German government dumping their bitcoin in the first-second week of this month. So just be prepared and not get excited.

It's funny how all the mainstream media linked the Bitcoin price pump with the Trump assassination attempt. This is just a coincidence, if you ask me. If the price pump was really caused by what happened with Trump, the BTC price should've started going back to 54K-57K USD two days ago.
Anyway, I expect another price drop below sixty thousand dollars by the end of this week. Bitcoin has proven that it can always surprise us, but the summer won't be the best time for a bull run. The Mt.Gox coins aren't sold yet and many governments around the world still have seized Bitcoins to sell.

I remember there were KOLs and CT doomposting saying that bitcoin is done for over the twitter and guess what they're all wrong and right now they suddenly changed direction and always tweeting bullish.
it speaks a lot about these CT in general, just following hype engaging farm so that they can be paid as a KOL.
the average people that follows them and take them too seriously always be the one that got the short end of the stick.

shorting BTC will only result in loss.

This is an interesting part of bitcoin after the correction process and it will be very profitable for those who are able to analyze the purchase in the correction process. After the news of the sale of bitcoins confiscated by the German government and now we are back in the linkage of the increase in bitcoin caused by the attack on the US Presidential candidate because of his support for crypto. I don't know how this process can be related or not but I believe in one thing in the supply and demand steps.

Even if that is true then the positive side is that we can sell to make a profit in the short term but for long-term holders they will not be affected by any conditions. Because they buy to save and wait until the next ATH arrives to dump enough bitcoins to make a big profit.

The news always follows the technicals on the chart, price moved up because it was so low prior.  We had no good reason to stay low, it was an overplayed move at that point.  I do post the scenario where a breakdown occurred that could get us to 50k or perhaps more but it did not trip especially.

    A failed attempt downwards which that was more or less will then lead to a bounce back, some of the negative is people selling into it and when it reverses it will involve those people buying as well as others speculating on the gains.   I would consider the price especially in these last 6 months almost to have an elastic property, the attempts to move downwards failing bounces us off the ropes.

  Overall BTC has been observable in its range for some time now, right now we are moving with some respect to gravity of the 50 day average which is descending.   Otherwise everything is positive is my take, most of the selling seems to be short term motivated.   Trump is only relevant as a signal of volatility.   He was a one term president and quite bizarrely that same one term dynamic very abnormal may yet occur again.  I care about how unusual that occurrence is more then the names or specific news itself

It's a combination of three things imo:

1) FOMO due to a surprise effect after LKA Saxony's selloff ended. After the 53k dump, caused by a panic and subsequent long liquidations, many thought BTC could go lower when the "real sales" of the LKA Saxony (what some refer as the "German Government") began. But the first few MtGox coins and the 50.000 LKA Saxony coins didn't cause the price go lower, as I expected, see also this thread. Instead, it seems that above all the ETF holders were happy to buy the dip, and also the 53-54k dump led to oversold conditions. Well, and once the LKA had finished its sales, people realized that perhaps it won't go lower for now and bought to benefit at least from sub-60k coins.

2) The Trump effect. Everything what increases the chances of Trump for the presidency in the current market seems to boost the price a bit since Trump made pro-crypto campaign statements. I believe this effect was only responsible for the surge from 59k to 60k, but it was just a critical price level. So it initiated the third reason:

3) Short squeeze / liquidations: Above 60k there could have been a lots of shorts lurking around, which probably were quickly closed as the pump was proceeding followed by liquidations. And this could have added pressure to the demand side. I have not confirmed this, but there are some indications that this could have happened.

As an addition to 2, to answer the OP's question: It's unclear if Trump is really fully supporting cryptocurrencies. However, it's likely that Republicans in general are more lenient towards economic liberalism, so it does make some sense if Republicans want to benefit the crypto industry.

It's not all about what he's said that he'd support crypto with his candidacy if ever he's reelected as the POTUS. We might consider that there's a slight triggering factor about the assassination attempt to him but I don't see the entire thing about that. Mind you, Bitcoin has always been like this ever since. With or without news about someone who spoke about it and then something has happened. This is the community reacting to the actual market together with the whales. Whatever it is, I can't wait to see it return to $70k and move to another ATH.

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.

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.

When you said breaking $65,000 mark, that feels like the value has broken a record in the bitcoin market which it does not but though it has been an interesting value due to markets sentiments where we have not meet such appreciated value in couple of weeks or month now.
I have really been on the market chart cap all these while and the market has been on the movement signal of bitcoins appreciation even before the event of the assignation attempt on Trump. So I don't think if there is a relationship with the price of bitcoin up to date.
Besides, when we experienced the current Ath, there was no political in influence of Trump to regard it as the steer resulted to the markets appreciation.

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.