Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?Checking out on those news crypto sites then i didnt see any fundamentals or news around about on the recent spike or rise but im not actually that get shocked.
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
The market already touched $50k maybe the site you used didn't give you the exact value when it was 50k, however to me i still consider the market to be bull looking from when I made my first investment at around 18k above you would see that the market is on bull run except for those that bought during last bull run when market was $68k to $69k would take it for bear.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.BTC reached $50,334 and now it is at $49,922 and the uptrend continues. But I am on the side of BTC not making a new ATH before the halving. This could be a move from the whales to lure people into thinking that the Bull run has already started and when people will invest in the uptrend market, they will sell to create a downtrend thus they will have a good opportunity to fill their bags even more.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?I don't understand what's driving the BTC price increase today, is it because the buying pressure from BTC spot ETF has shifted from OTC to CEXs and caused the price to increase unexpectedly right before Halving???
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
or has the bull run already started?
+1The market already touched $50k maybe the site you used didn't give you the exact value when it was 50k, however to me i still consider the market to be bull looking from when I made my first investment at around 18k above you would see that the market is on bull run except for those that bought during last bull run when market was $68k to $69k would take it for bear.
Well, this thread was created 3 hours ago as you can see on the chart it's not touching yet at $50k which is why he said it's nearly but after a few minutes after he posted this thread the price touched $50k actually, it has already been above $50k recently and then it dropped fast it seems something is preventing it from touching more than $51k.
We are still currently in a bull market since the block halving is getting closer we are now experiencing huge buys recently and pushing the price high. This is a sign that sooner we will touch to a new ATH before the end of block halving.
Every price less than $69,000 is expected for this year, but what is surprising is that we reach $50,000 before the middle of the year and away from 50-day Simple Moving Average (SMA) at $43,351. we still have strong resistance levels at $52,000 and $55,000.
(https://talkimg.com/images/2024/02/13/v8FU9.png)
I expect a correction to occur soon, as we have not seen a correction for a while, so it is likely that the price will be around $45,000 for the coming months, with a lesser possibility that we will see $60,000.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.I don't know how to predict what event caused a price movement, but i know it is unusual for just one event to move the price of BTC so much. In this case, the major event that has occurred thus far this year is the approval of BTC spot etf in the u.s. market, that could be what is responsible for this pump in price. However, i don't think we would hit a new all time high before the halving, but we surely should before the end of this year.
I do not expect that we will get NEW ATH before halving. It is true that Bitcoin crossed 50K$ for the first time in almost two years, but I expect that there will be several strong corrections before the halving.
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As the market touched $50K, it looks like the market could soon touch some more highs. Such a positive change in the market gives investors more hope and investors see more hope for a positive change in the market.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?The Bitcoin ETF may be one of the reason of the current pump of Bitcoin. It seems more and more people join Bitcoin investment because Bitcoin ETF was accepted already. The positive impact of Bitcoin ETF was just visible after few weeks.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?I also have one question in my mind that is there any news of growth in this market. But now the growth of the market has created a lot of excitement for everyone. Today every investor who invested in Bitcoin from the bottom is in huge profit. If the Bitcoin market continues like this we will see a new ATH in the price of Bitcoin before the Bitcoin Halving. And we don't have to go far to see the new ATH of Bitcoin and if we can cross a little way then we can see the new ATH of Bitcoin. If we see a new ATH before Bitcoin halving, then in the next bull market we will see Bitcoin price beyond human imagination.
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?Now standing at 52k and there are still sign that it will continue growing means we are seeing 55k any time now and if continued then we are expecting 60 finally but I'm not sure there is chance for that happening before halving as this is not how market going for the past years not unless there is something good from the ETF providing .
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.
Now standing at 52k and there are still sign that it will continue growing means we are seeing 55k any time now and if continued then we are expecting 60 finally but I'm not sure there is chance for that happening before halving as this is not how market going for the past years not unless there is something good from the ETF providing .
It is still impossible to determine where the price movement of Bitcoin will go, but if you look at the increasing demand and see the busy transactions on the Bitcoin network, it will make the price even higher. Hopefully there will be no bad news that will make everyone's hopes of reaching the price of $60k can be achieved easily.
If bitcoin price shows good movement like 2 weeks later, I think 60K will reasonable to reach before halving. Many high expectations, bit we must reasonable. Bitcoin will touch more $ 150K during bullish. It's my prediction.
The current position Bitcoin price is in has definitely turned into a bull market. Bitcoin price hits record high of 2024 Touched up to $52,500, new year's record high for Bitcoin price. According to the four-year cycle, it is normal for the price of Bitcoin to increase before the halving, as the price of Bitcoin has increased, it will surely decrease and investors will have an opportunity to invest before the halving. Currently, the price of Bitcoin is so high that Bitcoin has become a bull market. Bitcoin price is likely to increase further as all investors are holding Bitcoin for a long time as everyone is looking forward to 2025. Because the biggest bull run will start in 2025.First of all, I'm glad that the BTC price increased to $52.5K this week, which made the crypto market more exciting and many investors started to pay attention to BTC and ALTS. Thanks to the increase in BTC price, my account also made more profits.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?The current market conditions are certainly giving some indication that we may have to wait a little longer for bullish movement in BTC but investor confidence has managed to exceed that expectation. BTC has gained about 17 percent in the last 7 days signalling a bull run. If this trend continues, we will soon be able to easily pass the previous ATH and see a new ATH. Crypto market cap has already crossed 2 trillion. The bullish market will be stronger than ever as Bitcoin ETF approves this year. Bitcoin price has already increased 1 percent in 24 hours. Currently the price of each bitcoin is around $52000 and there is a possibility to reach 55000 soon.
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.I heard a few reasons till now, one is the old patterns that show the market is always bullish near the lunar year of China, and this time it also follows the same pattern that many analysts were expecting already and another reason I heard of is reverse H&S pattern which is shared by one of the local community member. That pattern shows a bullish uptrend of the BTC.
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?There is no specific news that has caused an uptrend it is just the market's sentiments that have influenced it to go up plus there is this lunar year sentiment in the minds of users which made them bullish on BTC, and if they are bullish then it means they are not selling, and price will increase ultimately. It's not something for sure but we saw last time the market reaching $48k and now touched $52 easily.
It is still impossible to determine where the price movement of Bitcoin will go, but if you look at the increasing demand and see the busy transactions on the Bitcoin network, it will make the price even higher. Hopefully there will be no bad news that will make everyone's hopes of reaching the price of $60k can be achieved easily.
Negative issues are old problems that cause Bitcoin prices to drop, and they happen often. Currently bitcoin looks strong, and has good movement in the crypto market. There will be a correction but it won't have an effect, but if there is bad news and the impact is big enough, Bitcoin will probably drop again. Hopefully there aren't anySo, with bad news, it will provide an opportunity for traders who want to get in at cheap prices and allow whales to buy Bitcoin in greater amounts. For those who are professionals, they will make good use of the bad news that can make the price of Bitcoin collapse, but amateur traders will panic and sell at a loss all the assets they own.