BTC breaks 9k, are we on bull run? - page 4.

7788bitcoin

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Quote from: yummybtc on April 30, 2020, 12:15:02 AM

This is a good opportunity to take a look at the market of altcoins, almost all of them will be dumped due to high activity on BTC/USDx.

Usually when there is huge surge in price in bitcoin many people dump their alts to ride the rally but i am not expecting that kind of rally in the coming months.

Quote from: yummybtc on April 30, 2020, 12:15:02 AM

I will take a look on the XRP might hit 0.3$ soon. This is not financial advice, it's my opinion regarding the current situation on the market.

There was a call by analyst that the price would touch $0.22 and it touched those valuation and if the market continues to rally we might hit $0.3 soon.

Quote from: yummybtc on April 30, 2020, 12:15:02 AM

What are your thoughts guys? Will we see the 12-15k$ in early next month?

If the market sentiment remains positive then we might touch $10k but anything higher than that in a months time considering the pandemic situation is less.

nicolas1979

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Your expectation too high but I see optimist, that's good. I think this is only correction before halving event, people hunting bitcoin with assumption after halving they get much new coin with high value, good action but I think wasting time. For me, stay away from bitcoin is better. After halving we will know the right direction so we can built specific plan for it, just wait before lost money.

lunnatic

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Bitcoin broke $ 9000 2 days ago, and now the price is back below $ 9000, strong resistance at $ 9000 must be overcome now,
if not the price can return to $ 7000, hopefully bitcoin will start bullish this year

DoublerHunter

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Quote from: yummybtc on April 30, 2020, 12:15:02 AM

~snip~
What are your thoughts guys? Will we see the 12-15k$ in early next month?

^ It is early to predict with that high speculation price. As I may say it is not a bull run for me it is only because a lot of investments and trading are happening because of the economy where people are trying to find a safe haven for their assets. It probably a pump up but there will be no guarantee that it will last long once the economy started to stabilize again. Halving may also be a factor for the changes in price as what had happened in 2016 that a huge increase in price was posted before the halving. Nevertheless, not be safe for now to do trading nor sell for the situation is a bit unpredictable.

exstasie

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Quote from: adaseb on May 02, 2020, 12:23:50 AM

Here is the issue that I see happening with this bull-run. I think the stock market might be topping and crypto is still correlated. Basically go to tradingview and click + and add SP500USD to your chart and see the difference, its not perfect but there is a correlation.

When earnings start to come out of these companies and they will all be bad, the market will jump back to reality and start to sell-off. If it sell's off so will crypto most likely. Hence the top might of been in at $9400.

I think we need to wait and see what happens next week when the markets open. If its a sideways or up week then I think we can go higher into the halving, but if it starts to drop then crypto will most likely follow.

I've been working under the theory that both markets will top together. The correlation is very strong. Predicting it is difficult though. Some brutal judas swings across the market Friday; Tesla, Amazon, etc. Lots of bearish potential with the S&P 500 dropping hard off the 0.618, but until it's pushing below 2,700 it's not clear yet. I agree we need to wait and see what the action looks like when futures open on Sunday.

adaseb

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Here is the issue that I see happening with this bull-run. I think the stock market might be topping and crypto is still correlated. Basically go to tradingview and click + and add SP500USD to your chart and see the difference, its not perfect but there is a correlation.

When earnings start to come out of these companies and they will all be bad, the market will jump back to reality and start to sell-off. If it sell's off so will crypto most likely. Hence the top might of been in at $9400.

I think we need to wait and see what happens next week when the markets open. If its a sideways or up week then I think we can go higher into the halving, but if it starts to drop then crypto will most likely follow.

CryptopreneurBrainboss

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Quote from: yummybtc on April 30, 2020, 12:15:02 AM

What are your thoughts guys? Will we see the 12-15k$ in early next month?

Although the market experience some setbacks, driving the price of bitcoin below the $9k mark, I strongly believe weren't done yet in regards to the upward movement of the price before the halving of the block reward gets completed successfully. We're appropriately just days away, meaning there's still some days for the FOMO to kick back in after the profit takers must have been done playing with the market.

I'm having this feeling that if the price doesn't cross the $12k mark before the halving date then bitcoin will dump in reaction to traders selling the news. Xrp crossing the $0.3 price mark is quite achievable but not in this month probably next month if the market stays positive.

TravelMug

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Quote from: LeGaulois on April 30, 2020, 12:40:40 PM

$9,400 this morning and $8,700 right now, a $700 drop. Hold your breath because it's possible we get slapped pretty hard in the next hours or tomorrow, going back to struggle to $7k. All those people who rushed out in the last few days to buy bitcoin in FOMO are likely to regret it once again. Don't be excited so quickly

It looks like it has hold for a bit and we have strong support at $8700. The sudden rise was a bit scary though and to that effect, correction is needed that's why we see the dump ~600$. But I think FOMO is still here until we touch $10k or when we cross halving itself.

Quote from: Youghoor on April 30, 2020, 05:27:52 PM

It was a great site watching the chats last night and how bitcoin was rising in value. I would not say we will enter a bull run but at least we are going to have a bit of a rise to about $10k maximum. Anybody thinking we are going to go past this would be surprised about the post halving dump that will hit us.

We can technically call it a bull-run, but the thing is that it is not that sustainable in the long run. Investors are quickly getting out and liquidating as soon as the price hit $9400. So it's either 5 digits again, or $7400.

Free1bitco.in

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it looks like the current situation is still difficult to survive at a price of $ 9k. however, the increase that occurred a few days ago was really unusual. Yeah, but it's natural when the price drops after that. at the moment, the price of bitcoin reaches $ 8.8k and is very close to the price of $ 9k. I am quite optimistic that the price of $ 9k will be reached again next week. even more so if halving gives a good effect, the price could reach $ 10k.

Youghoor

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It was a great site watching the chats last night and how bitcoin was rising in value. I would not say we will enter a bull run but at least we are going to have a bit of a rise to about $10k maximum. Anybody thinking we are going to go past this would be surprised about the post halving dump that will hit us.

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Quote from: beerlover on April 30, 2020, 01:11:35 PM

Pump is thrown out like it is something super edgy and everyone who says it feels smarter. Pump is not something that is billions of dollars worth, these increases are not "pump and dump" they are increases and decreases.

If it can gain or shed $1000 in a few hours I'd call that a pump or a dump. The market cap might be 'billions', the actual amounts changing hands are a fraction of that. Look at the size of order books on exchanges. They're in the tens of millions, not billions.

There's an equilibrium of coins and dollars and it doesn't take much of a fresh injection of either for some outrageously outsized moves. That points to it being a pathetically illiquid market still.

beerlover

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Pump is thrown out like it is something super edgy and everyone who says it feels smarter. Pump is not something that is billions of dollars worth, these increases are not "pump and dump" they are increases and decreases. Of course, there are falls after the price of bitcoin increases a lot, you want to know why? Because, there are billions in orders as well, that means when the price reaches above 9k that could mean that price could be $10k or $8k tomorrow. Neither means anything special, it just means there are people who wants to buy bitcoin or there are people who wants to sell bitcoin.

As long as we are talking about these huge numbers, it is not pump and dump. That happens when you pick a very tiny currency and just focus on that for a short period of time and hundreds of people get together to buy it to increase it, this is not even remotely close to whats going on with bitcoin.

maydna

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Unfortunately, after the bitcoin price hit more than $9k, the price is back to the lower price. It's surprising to see the price can move so fast at the market, from the higher price to lower price, and that happened in one day. But that is what happens with the bitcoin price, and we don't know how far the price will go down. We can prepare to see the lower price if the price really goes down deeper, but I guess we will have the opportunity to buy bitcoin at a lower price again.

If the price can get down to $7k, so be it. I am sure that many people will use that as their chance to buy as much bitcoin as they can because the next bullish trend will be more than $9,500. So if they can get much bitcoin in the next drop of the price, they will make a lot of money in the future.

LeGaulois

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$9,400 this morning and $8,700 right now, a $700 drop. Hold your breath because it's possible we get slapped pretty hard in the next hours or tomorrow, going back to struggle to $7k. All those people who rushed out in the last few days to buy bitcoin in FOMO are likely to regret it once again. Don't be excited so quickly

mace15

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The current price of bitcoin has reached above $8k. So the market is unpredictable and we could not tell this early if this season starting a bull run. Also a lot of reason’s why there a sudden increase, but let’s hope we enter a bull run season this time.

kapalmabur

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if not under $ 8000 Bitcoin is still running, but if under $ 8000 Bitcoin stops the Bullish trend,
we hope for sure the price of Bitcoin is above $ 8000 and Altcoin can party

Fundamentals Of

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Quote from: yummybtc on April 30, 2020, 12:15:02 AM

What are your thoughts guys? Will we see the 12-15k$ in early next month?

I don't think Bitcoin is bullish enough to climb to that level in just a few days. It has already surged with more than $1,000 in just hours today. There will surely be retracement, possibly another build up for the next round of bull run but $12,000-$15,000 is going to take more than a week probably.

dothebeats

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Could just easily be a bull trap, though green is painted everywhere across the board. Movements on exchanges show some form of unity with resistance @ $9000 still going strong. I wonder if that would even hold on within the next few hours if the buying pressure continues its momentum. Anyway, it's premature to call this a bull run on its own but it certainly shows some life on the bloody markets for the past few weeks and we may have passed the sentiments and concerns regarding the pandemic. Of course, the danger is always there but people still has to make money, so they made their way into bitcoin.

Distinctin

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Truly I was surprised but I'm not going to trust this trend. I'm not really thinking about whales manipulation but it close to that point.
Halving is in the next month, the huge increase today it doesn't mean we are going to bullish again but rather to think a dump by tomorrow? I hope it won't and I hope there is no such trick. But people must be careful also, better to wait a few days before planning to take the risk. We can't tell this time the reason behind this pump (as mostly look into it).

$9k, $10k...next...it gonna be in bullrun.

ecnalubma

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Probably just another solid pump however we cannot pinpoint the factors behind this pump except for the upcoming halving event and maybe the strong demand for Bitcoin during this crisis. For the meantime lets watch this closely, we know how Bitcoin price works it could also drop hard anytime soon.

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