Nice Increase in Price but What Next?? - page 6.

daarul50

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Quote from: Reid on January 06, 2020, 11:21:36 PM

Well, it still haven't broken the 8k resistance which had been stopping bitcoin from increasing again.
I guess we still need to wait for that.
This ain't a pump yet.
Although there might be investors buying now preparing for the halving, there might still be a little of them who is optimistic about it.
We still need to wait for a month to say it is really a pump. This could just be a fluctuation which is happening.
Going to buy a lot of popcorn for this.

i guess there is fresh money coming in after the winter break, holiday is over now and people looking excited to play some games especially those whales , making $1000 to $2000 daily from this situation is something really possible , so i bet things won't be easy for bitcoin to continue rising.

an ups and downs will still occured.

eventhough i a little bit confused that this supposed to be an altcoins season but bitcoin following to rise currently.
as we have witnessed that when altcoins go up , bitcoins usually gets a minor drop or maybe just stucked.
we will see what is going on at the end of this month hopefully.

lienfaye

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Seeing the price of bitcoin slowly increasing is a good news for investors holding btc but whats next after this is still unknown. We cant predict if this will continue or just another uptrend to take advatage.

Nevertheless lets just wait and see how long this positive movement last, what I know is its a good start for 2020 because many of us are hoping for bull run this year since there's a halving that will happen in few months.

Free1bitco.in

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however, I think that this is recovery before the price is really pumped. I am pretty sure that the current conditions are different from the previous conditions. that is because at this time it is due to the potential price increase on continued by halving and other developments. although this is a gradual recovery, but I think this will bring the price of bitcoin to the moon.

cotton ball

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Nice increase for bitcoin can growing to higher price, but possibility or not bitcoin will back down again and keep lower price. We hope today bitcoin have go to higher price and keep continue for growing up until bitcoin on the safety place with $16k for get chance all altcoin have higher price, many altcoin keep enjoy whit lower price and make me have hold it.

Reid

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Well, it still haven't broken the 8k resistance which had been stopping bitcoin from increasing again.
I guess we still need to wait for that.
This ain't a pump yet.
Although there might be investors buying now preparing for the halving, there might still be a little of them who is optimistic about it.
We still need to wait for a month to say it is really a pump. This could just be a fluctuation which is happening.
Going to buy a lot of popcorn for this.

panganib999

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Well, the price pump was relatively slow, compared to the unstable pump of October where in the same time frame, price increased by $1000 or so. Instead of a sudden dump because of this, I'd hope for a sideways movement with the price going down a bit as the general movement, but would stay above $7.8k I'd say it would take the market to get used to the price by 4-5 days before starting another new movement. There could be a case just like the November - December movement where it kept going sideways for quite some time, but seeing as it is the new year and possible influences of the halving approaching, the said situation could potentially be ignored.

Quote from: mrquackquack on January 06, 2020, 06:11:42 PM

In my opinion i believe that Bitcoin would have to reach an over 10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range.

We are still in the bearish run after all. Considering the Mid year of last year till today, you could see that BTC hasn't made a successful jump over the $13k barrier set by then, and even exceeding the $8k barrier this past few months have been considerably difficult. Just hope that the pump right now is a sign of it trying to break through, and that a 5% increase today could be enough of a foundation.

exstasie

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Conservatively, I'm looking for $8,500-$8,700:

Quote from: exstasie on January 05, 2020, 02:52:00 AM

The top of the descending channel (on Bitstamp) is around $8,700 and dropping. The weekly 20-MA is in the $8,500s. So I figure that's the first resistance zone to expect. It would be reasonable to take some profit there and re-assess.

I think bears will attempt a selloff at the top of the descending channel. Instead of failing there, I'm hoping the market consolidates and breaks above the upper channel line. That will be an indication of long term bullish reversal. Time will tell.

iamaruf

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Maybe we can see the price 8k to 9k then bitcoin will reverse to 7.8K to 8.2k. But I think with 3-4 months bitcoin price will be 10K$,that will be stable.In my view we will see the bull run in June or July.If not happen bull run in this year, but we will see bitcoin big moves.

darkangel11

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Don't let others control your BTC -> self custody

This is a great start of the year. I have watched some youtubers in the first 3 days of this year being all grumpy and saying that this year isn't starting good because there are some red candles. Traders were out again saying that we are going back to torm a low at 5k and that if there's a pump it will end at that big 7k resistance.

Bad news is that until we break above 9k again we're still in a bear market and this will probably end with us going sideways between this former resistance of 7k and 9k.
Good news, this looks like a proper consolidation before a bull market.

Furious 7

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https://duelbits.com/

Maybe the current bullrun will slowly come in the near future because the price of bitcoin has shown a positive direction, let alone it will continue to fall 8k and continue with a short time.
I am still holding fast to this halving in May because I am sure that after it happens it will continue to a higher level and it will even reach 15k. This is really amazing if it really happens because history will repeat again this year.
Go go Bitcoin Pump !!! Grin

Yaunfitda

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Quote from: mrquackquack on January 06, 2020, 06:11:42 PM

We have all seen it before.. A nice pump here and there and then BOOM a big DUMP.. It's almost disheartening really but still.. What will come next of this little rise? Will it hold true and keep its position or will it come crashing down again and again. In my opinion i believe that Bitcoin would have to reach an over 10,000 usd mark to see a "bigger" style of a bull run. For now it's just going back and forth in a 6-8k range. None the less my friends only time will tell but until then what are some of your thoughts? As usual your thoughts and comments are more than welcome. Thanks again.

Exactly, we have seen this many times before, people getting excited because of the pump. If I'm not mistaken the last pump what supposedly due to the President of China statement about blockchain and everyone was jumping for joy saying blah ... blah ... blah ..

And after that follows a big dump, Lol. This could just be a bull trap for all we know. So stay cool, let things settle down first and adjust our trading plans. Don't look for a bull run because it looks like another artificial spike for me.

MURONDI

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pumps and dumps are common in trade, at the moment the market is showing a positive movement, according to my analysis the price will continue to rise if able to penetrate $ 8,000 but there is no analysis that is 100% accurate, that's just my opinion, it's best to do your own research and don't rely too much on the opinions of others.

Wexlike

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Quote from: TimeTeller on January 06, 2020, 06:56:51 PM

Don't forget that with time, the adoption is going stronger.
So even if the price is not jumping so high, we are getting a more stable price.
Increase in adoption will also ensure that the price will not drop hard, if in case it will drop.
I am very positive that we are in the positive direction with several situations that are upcoming this year.

That is very true, time is on our side. Compared to 2013 or even 2017, the purchased Bitcoins are much better distributed between my community. The system works and it needs many more shoulders. Adoption is maybe not loud and noisy, but it is there.

$crypto$

legendary

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Smart is not enough, there must be skills

We see the current price of a big pump for the future this means that there has been a time when bullun where traders are happy to see like this prices continue to rise in the short time.
Bitcoin will continue to rise in the next few days, possibly reaching as much as 10K USD, because experts predictions are correct in guessing the price.
Whatever happens in the future I am sure will make a lot of profit with their trading and for bitcoin holders.

bangjoe

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bitcoin fell on January 2 at around $ 6,985, and then improved quite well in the 5 days after that, I read the article btc increase was preceded by an injection of $ 500 million in USDT market capitalization, and also related to talk of safe haven assets amid tensions in Iran. It might indeed be welcomed with market reaction and I hope the price can return to $ 10k smoothly with some market re-evaluation.

barabarian1

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yes this is a great start today bitcoin almost touched $ 8k. hopefully at the end of this January bitcoin can reach $ 10k. if bitcoin can reach $ 10k at the end of this January I am optimistic that bitcoin will be a bull run this year. although maybe bitcoin will go down again before it halves but I think the dump won't be big. these two years we are on a downward trend, hopefully in 2020 this is an upward trend.

LeGaulois

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The price is rising too fast, I'm ready to bet $50 it won't last until the end of the week, (we can use escrow if you want Cheesy

)

And of course, as we're used to, it will decrease to a higher percentage. Be ready to see the price going below $7000 next week, you have 6 days left. I won't be surprised. While waiting you can continue to speculate to find a reason about this pump. Iran Vs USA, halving whatever. Cheesy

Don't be so excited

Cryptopher

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Keep it dense, yeah?

There will be a severe dump, once again. We are still in the cold, dark winter from the EOY 2017 fallout.

rdbase

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Quote from: The Sceptical Chymist on January 06, 2020, 06:35:36 PM

Quote from: mrquackquack on January 06, 2020, 06:11:42 PM

A nice pump here and there and then BOOM a big DUMP..

Maybe that's what's going to happen here, maybe not. What I can say is that I'm very glad bitcoin is at $7744 right now, because that's the highest it's been since November. And man, it feels like it's been way longer than that.

So I don't know if what we're seeing is the start of some upward momentum, but I hope so. And if bitcoin drops back down below $7k again, I'll just take it in stride since I have no way of influencing what happens. The market is going to do whatever it wants to do, and there's nothing to be done by any of us except to sit here and watch it all unfold.

I've pulled up a battered lawn chair and got me a big tub of popcorn, and I'll have my eyes glued to preev for a while.

Isnt it strange how it waited until after the holidays to all the sudden spurt up so suddenly like that? Usually you would think with all the gift buying as well as bitcoin purchasing it would do this during those days. But alas it has to do it a week into the new year.
Oh bitcoin what a mystery you are. Grin

TimeTeller

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Don't forget that with time, the adoption is going stronger.
So even if the price is not jumping so high, we are getting a more stable price.
Increase in adoption will also ensure that the price will not drop hard, if in case it will drop.
I am very positive that we are in the positive direction with several situations that are upcoming this year.

Topic: Nice Increase in Price but What Next?? - page 6. (Read 1166 times)