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Topic: Return of the bull? - page 6. (Read 830 times)

hero member
Activity: 2968
Merit: 687
January 07, 2020, 11:38:02 AM
#10
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
Theres no one could be sure on what are the actual reasons why we do see these kind of price increase but if youve been here on this market for a while now then these movements is just like a typical day here on crypto.No man would able to believe the exact reason behind of such rise on this very unpredictable market.For now the thing we can do is to cherish up these movements for our own benefits.Utilize on how you do trade up and make money out of these movements.Lucky for those people who bought a week ago since the price at the moment is 7900.Good numbers to see to reach up 8k+ soon.
sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
January 07, 2020, 11:23:03 AM
#9
I'm think this is starting of a new bull run because some indicator already show that lots of buying demand on bitcoin, lots of buy order was filled during pass few months. Some people will say this increase just due to the war between US and Iran, but i believe this is only the reason for bitcoin to grow super fast in short period. 
sr. member
Activity: 2506
Merit: 368
January 07, 2020, 11:10:13 AM
#8
not sure if this is the start of a bull run or not because i only believe this is only a temporary recovery, we are still at the beginning of the first quarter of this year and it's too soon to say this is the start of a bull run, we need to wait for a few more days because i'm just sure a big correction at least will happen after this temporary recovery
I don't think this is the start of the bull market but it looks like it's a result of the recent conflict between US and Iran. It might be most influential people are using Bitcoin to transfer their funds from banks to cryptocurrency. This is the only reason I see with the recent pump but if there's another way that making this pump then please tell me what else.
legendary
Activity: 1568
Merit: 1002
January 07, 2020, 11:05:39 AM
#7
not sure if this is the start of a bull run or not because i only believe this is only a temporary recovery, we are still at the beginning of the first quarter of this year and it's too soon to say this is the start of a bull run, we need to wait for a few more days because i'm just sure a big correction at least will happen after this temporary recovery
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
January 07, 2020, 10:48:41 AM
#6
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
It's very, very hard to say exact reason because as you see in past we has rise from 7-9k to 13k but finally what we got is fall up to 7k and we are stuck in this price. I didn't know if price went from 7000 to 7800, just got it from your news but personally I don't feel optimistic right now and can't say this is the start of bull run or that's happening because of upcoming halving cause in past, we always had rises after halving, not before that (on last halving price was stable 600$ for a while and it started rise after 1-2 months of halving).
See this news also: https://cointelegraph.com/news/litecoin-largest-miner-capitulation-great-news-for-bitcoin-analyst/amp
Quote
Should set up a bullish breakout of the bearish channel. I wouldn't be surprised if LTC leads a bullish breakout of BTC.
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
January 07, 2020, 10:10:48 AM
#5
This type of pumps and dumps is natural for bitcoin.Halving bitcoin reward can be a reason but I don’t think this is the main reason. Maybe its a natural pump.if bitcoin rise more than 10k$ then halving is the main reason. But we will see this price within few months.But we can't tell this is bull run,bull run will pump maximum coins.         
sr. member
Activity: 1022
Merit: 252
January 07, 2020, 09:57:39 AM
#4
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.

Not yet until the halving. I think this is a casual pump after end of the year, first month of the year market it always green because it was recovery from the last december when market was bleeding. So i think bull run still far ahead because the world is not looking at crypto right now, there are still many world's issue that more mainstream
legendary
Activity: 1568
Merit: 1041
1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR
January 07, 2020, 09:21:19 AM
#3
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.

It's not only been just the last few days, but all of last year. The reason? I think it's just a normal trend reversal and as we got closer to and pass the halving, I think we'll see it really ramp up and everything will start to take off like it did a few years ago. I think we'll see the price come back down to somewhere in the $6,000 range. Probably somewhere closer to $7,000 before we see it come back up and surpass where we are now. This is a volatile market and there is no guarantees of anything though.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 07, 2020, 09:11:10 AM
#2
As always, there is no way to know for sure what caused the price rise, but people are mostly leaning on current geopolitical events, concerning Iran and the United States.

With that said, don't be too confident. Remember that we're talking about bitcoin here, whereas 5% is nothing, and it can easily easily go the opposite way in no time, destroying the hopes and dreams of those short-term gamblers.
member
Activity: 308
Merit: 10
Bitcoin is the future
January 07, 2020, 08:32:47 AM
#1
Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
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