Quote from: CryptoBry on January 07, 2020, 11:33:25 AM

Quote from: Questat on January 07, 2020, 11:04:49 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?

I am not yet sure if this can mean that the big bull run we are waiting for is already knocking at the door. I am attributing this to the conflict between the USA and Iran (though some might argue this) but when this factor will be losing the steam there is still that possibility that it can even go as low as $6,000. Let's hope that this can be holding on and together with the influence of the halving Bitcoin can go beyond the $10,000 mark.

But it seems that breaking such market value barrier is too soon. The market value of Bitcoin have reached a price of more than $9000 recently but it is now falling. The increase have been caused by the tension between iran and US, and the moment it cooled, the price suddenly starts to fall. The bottomline is, the market value is naturallu volatile, so we just cannot make an assumption that its price will continuously increase just because there is a mild uprise.