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[hibi3454]

Hello everyone,

Growing from 3,600 USD to more than 7,350 USD, the price of Bitcoin has doubled in less than a month. Traders consider many factors to have affected this surge in value. The three most likely being: A sharp rise in spot sales, a huge collapse under 4,000 USD and the swift return of Bitcoin to solid support scales.

Thanks for Reading
What do you guys think could have also affected this rise in BTC value?

 

[SCAMEXPOSER]

The force of demand and supply forces the sharp rise again, when prices fall more demand comes to place while supply contract, however, if the price picks a little some holder with fear of it dropping rush to sell theirs .

 

[Cashin]

Was only one day below 4K can be the Corona attack..

 

[westmania]

we many thought its going to be a downfall of bitcoin price that might go beyond 2800 but it didn't happen so. I wondered when I just tried to check if its went down 7000 or not but shocked to see its 5800 so quick !!!

 

[SCAMEXPOSER]

I don't doubt it dropping to $5000 cos it has been doing that over time but to wait for $4500 it is rare cases and probably one May stay glue to coinmarket and very reliable exchanger to buy immediately before it rise again.

 

[Reznov]

It's all because that the number of interested users has increased especially that the other competitors have some strict rules and issues

 

[KarthikP]

Maybe due to Corona virus , the price of Bitcoin has increased from $4k to $7k. Now there is a little chance to go beyond $8000 im the coming days as halving is nearing

 

[Brain]

It is the simple rule of demand and supply , low price brought more buyers which made the sellers up the price and boom it skyrocketed to the present price. Sometimes it good to hold little to buy them quickly when the price falls.

 

[hibi3454]

Was only one day below 4K can be the Corona attack.

Although everything's value is dropping due to the coronavirus disease pandemic, I doubt this is the case with bitcoin value as it is a decentralized, online currency... however, you truly never know about the value of cryptocurrencies.

 

[anisbouanaka]

i think Btc will stay raising more more especially in that bad situation of the world due to corona virus. many friends earned 1000 dollars those days and benefit from that rising

 

[KarthikP]

i think Btc will stay raising more more especially in that bad situation of the world due to corona virus. many friends earned 1000 dollars those days and benefit from that rising

I hope it rises to $10000 very soon , that's what I am waiting for and that time I will sell all the bitcoins which I bought for very low price like $5k.

 

[anisbouanaka]

I hope it rises to $10000 very soon , that's what I am waiting for and that time I will sell all the bitcoins which I bought for very low price like $5k.

nice mate, you can do it, i think just few days and the price will raise again to far than 8000$, you should profit from that situation (it's won't happen again)

 

[ELSA-ELI]

Hello everyone,

Growing from 3,600 USD to more than 7,350 USD, the price of Bitcoin has doubled in less than a month. Traders consider many factors to have affected this surge in value. The three most likely being: A sharp rise in spot sales, a huge collapse under 4,000 USD and the swift return of Bitcoin to solid support scales.

Thanks for Reading
What do you guys think could have also affected this rise in BTC value?

As much as a lot of us lay people speculate that the drop on bit coin could have been caused by the the global pandamic that hit the whole world and in turn facilating for almost a lock down on all economy driving sector.....research has it that this has totally everything to do with the the HALVING EVENT.

 

[hibi3454]

As much as a lot of us lay people speculate that the drop on bit coin could have been caused by the the global pandamic that hit the whole world and in turn facilating for almost a lock down on all economy driving sector.....research has it that this has totally everything to do with the the HALVING EVENT.

Yeah I kind of already suspected that the global pandemic would not have a negative effect on the value of bitcoin, but instead perhaps a positive one, nonetheless, you are right it was the halving event that had the most impactful effect on the value of the crypto.

 

[Balint098]

Bitcoin has breaks the 10,000 USD mark today. Time to sold some of mine to gain neat profit before it slip to below 10,000 USD again. Though I think, there's still a chance it will still rising on the upcoming days.

 

[microunit]

Bitcoin has breaks the 10,000 USD mark today. Time to sold some of mine to gain neat profit before it slip to below 10,000 USD again. Though I think, there's still a chance it will still rising on the upcoming days.

I guess lots of people are now also thinking of selling now, if that's the case price might drop below again under the $10,000 mark anytime soon , as the highest currently that bitcoin has reached is $10,200 but it dropped now to $10,050

 

[Balint098]

I guess lots of people are now also thinking of selling now, if that's the case price might drop below again under the $10,000 mark anytime soon , as the highest currently that bitcoin has reached is $10,200 but it dropped now to $10,050

I forgot that if way too many people were to sell their bitcoin now the price will sunk, may bad. Guess I'll wait until the price at least reached 10,500 or somewhere along that.

 

[Shaun Richard]

And now the price of bitcoin has substantially increased to $10000+I am very happen , it guess it will cross $25000 for sure in the comimg weeks or months

 

[microunit]

And now the price of bitcoin has substantially increased to $10000+I am very happen , it guess it will cross $25000 for sure in the comimg weeks or months

$25,000 price in a couple of months or weeks? that's over positive thinking, even experts analyst say that $20,000 before the year end

 

[btcmaker]

$25,000 price in a couple of months or weeks? that's over positive thinking, even experts analyst say that $20,000 before the year end

wow thats great news for everyone. so what you think we should buy bitcoin at this price or what we should do...even its not cheap price for many many users...it has been crossed over 10000 $ now and going on