BTC and ETH on their 2 years high - page 6.

TeraBite

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Quote from: Yogee on August 13, 2020, 09:52:40 PM

Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years.

This is wrong. BTC reached $12K twice this month. Check CMC historical data https://coinmarketcap.com/currencies/bitcoin/historical-data/

Quote

.....Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

If only we have a crystal ball to accurately predict where the market is going but, sadly, we don't.

There are opinions that the new money flowing into bitcoin is coming from the stimulus packages and that may be true. Some say people are choosing bitcoin and gold as 'safe haven'.

Ethereum's price, on the other hand, is being driven by the ethereum 2.0 and maybe even by some DEFI projects hype. Some dubs it as the "next big thing" in crypto.

Agreed with you BTC is keeping eye on $12k resistance once it will be successfully conquered than it will move towards to test level's resistance. Overall market sentiments are looking very bullish and so many good news coming from the big countries and they are rushing towards this magical cryptocurrency. So let's see how it will manage to keep on the way to the moon.

Cnut237

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

The current rise, which has been going on for a while now, is all about ETH. It makes a change from everything being about bitcoin!
Bitcoin couldn't break and hold above $10k. And then suddenly ETH started a surge, on the back of anticipation of 2.0 and some DeFI FOMO.
ETH then pulled the other alts up too, and eventually bitcoin followed, pushing through and holding above $10k because of the momentum imparted by ETH.

And then for the last few weeks, ETH has been struggling to break through that huge $400 barrier - look at the historic charts, $400 is a crucial price point for ETH.
And now, finally, ETH has broken through, which is why it is surging again.

What next? I expect ETH will continue to rise, pull up everything else as well, but then overshoot and have a bit of a correction. Where it will all end up is anyone's guess, but I expect, given the effort it took to break through, that there is some big momentum behind ETH again, and that when things calm down again, it will hold considerably above that $400 threshold.

lepbagong

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

bitcoin has even penetrated $ 12K several times but has fallen back to the position that has been going on in the $ 11K-S12K range, and of course ethereum is quite surprising even though it is the same as bitcoin but ethereum currently continues to increase, if it breaks $ 400 ethereum has been several times and when this is a pretty significant price.

I hope this shows the much awaited change from Bitcoin and Ethereum, of course with other altcoins as well. we hope that these increases are well maintained and come back down. because it takes more time to move up even though there is still quite a long time.

Sanitough

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The timing is unexpected, so I guess there will be a surprise this year and bitcoin will continue to rise, and altcoins will follow especially the top altcoins.
At the current price, it's not impossible for bitcoin to break its current high as it has done some surprising move in the past, particularly during the last bull run.

Honestly, it's hard to predict the market, we can only say our prediction now but there is no assurance it would happen.

However, based on the market movement where majority of its movement are bullish, I think it's likely to see a bull run and a new ATH this year.

Jawhead999

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

Still in bullish because Bitcoin will continue bull run, it also will make ETH and altcoin in bullish too. We're in recession... economy crashes, banks will collapse since people withdraw their money, stock market crash, fiat in decline... only gold and bitcoin is the save haven investment right now.

Last week gold hits new ATH, also Bitcoin fill follow up soon Cool

BIT-BENDER

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

There will not be a one time correction or a fluke increase, over time we would/should see little draw back/fall but matched by increase/spike in bitcoin and ethereum. Am excited already -but in cryptocurrency our six senses, emotions, knowledge- must be check mated. Interest in ethereum has rising -i can say this from the interest coming from people I know- now we talk crypto-coin more.

Coyster

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Quote from: Yogee on August 13, 2020, 09:52:40 PM

This is wrong. BTC reached $12K twice this month. Check CMC historical data https://coinmarketcap.com/currencies/bitcoin/historical-data/

Op missed when btc reached 12k last week IIRC, I think it's cause it had a short stint in that price, which makes me believe 12k may be the resistance for now. From my speculations though, btc will break the 12k resistance price and move to around 15k before the end of the year, and 2021 holds quite a lot in stall for us.

Quote from: Yogee on August 13, 2020, 09:52:40 PM

There are opinions that the new money flowing into bitcoin is coming from the stimulus packages and that may be true. Some say people are choosing bitcoin and gold as 'safe haven'.

I don't agree when people say it's the stimulus bonuses, and citizens are using it to buy bitcoins, I can't know for sure how much of those packages flowed into the bitcoin market, but I'm sure a large chunk of it entered into the food markets. People are choosing bitcoin to evade inflation and devaluation, I think that's the case imo, you heard the news about MicroStrategy firm? The government is printing money left, right and center, there's the possibility of an inflation coming, and with the recession due to corona virus, people are fleeing to bitcoin to retain value of their asset

bitcampaign

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

there is still correction in the next few weeks, but I don't know it will drop drastically or not, but I see it won't go down too deep, I still have ETH in my wallet and I bought it under $ 200 a while ago, I already make a profit now, but I didn't sell it for up to $ 1000, hold it now

Argoo

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

Various recent events in the cryptocurrency market and in the world in general indicate that the price of cryptocurrency will continue to grow. Now very favorable conditions are developing for this. Soon we should see how a decentralized cryptocurrency will behave in the context of its first global economic crisis. This could significantly raise the price of bitcoin and other potential cryptocurrencies.

Yogee

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Quote from: Tipstar on August 13, 2020, 09:38:53 PM

Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years.

This is wrong. BTC reached $12K twice this month. Check CMC historical data https://coinmarketcap.com/currencies/bitcoin/historical-data/

Quote

.....Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

If only we have a crystal ball to accurately predict where the market is going but, sadly, we don't.

There are opinions that the new money flowing into bitcoin is coming from the stimulus packages and that may be true. Some say people are choosing bitcoin and gold as 'safe haven'.

Ethereum's price, on the other hand, is being driven by the ethereum 2.0 and maybe even by some DEFI projects hype. Some dubs it as the "next big thing" in crypto.

Tipstar

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Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

Topic: BTC and ETH on their 2 years high - page 6. (Read 1037 times)