Now that we touched $8,000, what's next? - page 9.

awaydolly

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Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Bitcoin is a volatile currency. Price can hike as well as dump to any extend. We can't predict what can happen next but each time whenever bitcoins go on peak, they also dump the same so perhaps bitcoins might touch $7500 again and then it might start growing again. We might be entering bull run as 8000 was a target and once it is reached most of the whales are now waiting for the next target to reach. Once bitcoin hits next target, price can be hiked more. But we can't predict the bull runs until and unless bitcoins crosses atleast $10k which seems a bit difficult at the current situation. Let's hope that the price remains constant and crosses $9k soon so that we can then expect the bull markets.

bamboylee

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Let us wait if this can be sustained. If it can, my guess is it can be a start of a parabolic curve but if not, it is just another twitch on the price and will soon return to just above 7K.

Quote from: harizen on January 07, 2020, 07:32:38 AM

In other words, "don't expect".

This one got it right. Continue what you are doing and we can revisit this when we reach maybe 9-10K.

trumpman

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Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Nobody can answer this with 100 % certainty.

Personally, I'd have no problem if it just hovered (or had small gains here and there) around the 8k mark for months or even a couple of years before we see it exploding to a new ath. The longer it's stable the more I will be able to accumulate after all! However, I feel that after these two long years the psychology of the market has started to change and more and more people think it will start to go up. Which means more people will start buying again. Plus the halvening is near so imo there is a good chance we see a new ATH this year. And with the stock market bubble getting bigger and bigger, I am sure many investors will take a profit and some of that profit will hopefully flow into the cryptomarkets! So all in all, I am not sure if 2020 is the new 2017. But I think it's gonna be a good year!

Oh well, time will tell!

White Christmas

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Quote from: Questat on January 07, 2020, 06:04:49 AM

What do you guys think that will happen next? is this the bull run we are long waiting?

Bitcoin is rapidly increasing right now and at the last 24 hrs it almost reach around $8,000 and that brought the speculations of many people and there are so many speculations who are waiting until on it because if we touch on that price there is a huge possibility that the bitcoin may go until $8,800 and $9,000 so it may really triggered the bitcoin bullishness due to the rapidly increasing of it. Beholding the bitcoin halving there is really a possible that this is what we are waiting for too long the bullish and the rocket of the bitcoin on this year. We are hoping and waiting to its continues increasing until the next 24 hours.

tsaroz

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It's a good start for the year and may still be the best time to buy bitcoin before the bull. This is basically the correction of last dump and we would see the price rising in the months of March, April and May. I don't expect the price to reach $10K before March as the market has too many resistance around that price.

Aying

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I am not in hurry, still gathering more info and wait patiently. maybe, another days to wait so we can assure that the price are trusted and we will know that the bull run is coming and maybe it is affect for the current news and some of newbies are collecting this info and make an idea to invest or it becomes too late to earn more profits.

harizen

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Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Actually touching $8,000 shouldn't be a big deal, at least for now. Yes, growth is growth and that's somehow erased the thinking that we may not see a good run within the early phase of the year but all we need to do is to just allow the process to goes through and see what will happen next.

In other words, "don't expect".

Is this the start of the bull run that the majority are waiting for? No one knows. Just continue to accumulate whatever the trend is.

matchi2011

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Quote from: lienfaye on January 07, 2020, 07:21:45 AM

Im not sure about the reason of this uptrend but its nice starting the year 2020 thinking positively due to the current status of the market.

This might be another scene of how the market works as high volatile so better not to expect too much.

I think this is related to halving and investors are accumulating btc before it started.

With each news that spreading especially the war from US and Iran there's significance that wealthy people from middle east who wanted to keep
their money are using this chain as diversions, not really sure but the possibilities are there. Bitcoin is moving upwards and the chance is much higher
to keep its position and find a good barrier.

lienfaye

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Im not sure about the reason of this uptrend but its nice starting the year 2020 thinking positively due to the current status of the market.

This might be another scene of how the market works as high volatile so better not to expect too much.

I think this is related to halving and investors are accumulating btc before it started.

Gotumoot

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Price of bitcoin now are just increase and decrease maybe theirs some hype happening now thats why price of bitcoin increases to $ 8000. I think price of bitcoin will dump again to $7,500 - $7,900.

Because there's a lot of fud will happen especially that big whales wants to buy cheap bitcoin maybe they will create more fud.

jossiel

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Let's wait until 24 hours or so if there will be a retest and dip coming.

Quote from: tungaqhd on January 07, 2020, 07:13:35 AM

What a good signal at the beginning of 2020 but i am worry that the price will drop soon as usual because there is no positive information behind this small run.

There is but it's more of a rumor and the other one is the halving.

The rumor is about the war that's about to happen which being said to impact bitcoin positively. The next one is the approaching halving, everybody is looking forward on it and positive sentiment is coming towards to bitcoin. Everyone just want to have it before the reduction of block reward comes.

Because the result of it will make mining bitcoin more expensive.

tungaqhd

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Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

What a good signal at the beginning of 2020 but i am worry that the price will drop soon as usual because there is no positive information behind this small run.

killerfrost

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Quote from: Questat on January 07, 2020, 06:04:49 AM

Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?

Since bitcoin has remained steady at 7000$ for several months, I have known that the bull market has begun. We are currently in the first phase of bull run in 2020 and the next milestone I am expecting is that bitcoin will rise to 10000$ or even more. I hope in Q3 2020 Bitcoin can break with ATH again because Halving is coming and more investors are coming to this market than ever before.

Reid

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I hope so.
To zipper the mouths of those analysts wannabe's. Grin

Maybe just a little run will be okay.

The halving will be like 3-4 months so I think that is still far away from now. Just for me.
But there might something going on with group of investors.
Yeah, they say there will be not much movement. But should we believe that? It could just be a bait for their own profit.
This could be the start of it.
FOMO's will come again.

btc_angela

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It's gonna be interesting what will happen in the next 24 hours. Will the price be sustainable at that level, or people will look at it as an opportunity to make money again and make a sell-off. We are not yet in any bull run and there could be manipulation from behind again with this kind of gain in a day. So let's see how it goes, not expecting that the price will defend its position though, in my opinion.

Eclipse26

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bullsvsbears.io

We are just starting and we should just take it easy. It's a good start for us that it's slowly increasing to $8,000. What's next? Probably more expectation to maintain the price and increase even more. If it ever went down, let's not get disappointed because I think that's fine. But what's happening right now maybe is a sign for an upcoming bull run. So we gotta prepare.

mindrust

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Now we run.

Joke ofc.

Now we keep accumulating. Have you reached your target networth? Do you feel financially secure yet? No? Then keep buying.

Ridwan Fauzi

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Good start from bitcoin at the early new year and I hope its price will be higher again in the next mont. Seeing an information on this day that the South Korea has gave a regulation to make it easier to launch bitcoin product, see here for the further information https://decrypt.co/15990/government-body-wants-bitcoin-listed-on-korea-exchange

Basically, this kind of information will give a sustainable affect for the price of bitcoin in the future. And I'll be sure that the $8000 will be the new support for its price. More than that, the another information such as Iran which has gave an increased price a few days ago and I'm sure there will be many people who considered that bitcoin is another safe haven in field of investment.

nickenburg

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I have read a article the other day where they said the last 5 years Bitcoin always went up at the start of januari.
And then went down later in januari.

Here is the twitter post where the article was based on.

https://twitter.com/SalsaTekila/status/1211695710007156740/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1211695710007156740&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2020%2F01%2F01%2Fwhy-analysts-think-9000-bitcoin-price-january-possible%2F

So based on what it has been doing the last 5 years we could see the price pump a little bit more only to go down after that.
But at the end of the year the price is always higher so dont worrie

DabsPoorVersion

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Quote from: Astvile on January 07, 2020, 06:28:49 AM

Bitcoin reaching $8,000 is really good tho but will it sustain its price and won't go back to 7000 that the question before we ask what's next.

That is the main question. For this sudden pump, there is no wonder that the next thing to happen on bitcoin price is to drop so suddenly. There is always a huge dump after every sudden pump.

Quote from: Astvile on January 07, 2020, 06:28:49 AM

Quote from: Questat on January 07, 2020, 06:04:49 AM

is this the bull run we are long waiting?

Bitcoin price going up is not always a sign of bull run we all have been waiting for years now. This price pump is just a common and unexpected thing we experience almost every month.

Yes, this might be only because of the good things that happened in bitcoin previously or there is someone really trying to pump it, but this is still far from bull run.

Topic: Now that we touched $8,000, what's next? - page 9. (Read 1800 times)