Another uptrend has shaped up trying to break $5600 again - page 2.

Cherylstar86

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Quote from: Idrisu on May 04, 2019, 12:18:37 AM

That trading area has been breaking and bitcoin is heading toward $6000 maybe before the end of today or tomorrow it is going to cross that level. I think we are not going down now as many people have speculated but going towards $6000.

Most investors resemble to invest bitcoin as its current value has shown gradual pump which gives people's hope to contour the asset in appropriable way. Recently, the value was heading up to $6k and with our positive determination, bitcoin will conquer this kind of scenario and will continue to exceed eminently profitable.

Pattart

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Quote from: Gaaara on May 03, 2019, 01:03:16 PM

It will probably break and go higher than $5600 but base on how I see it $6000 won't be the price floor and it can go up and down within $200 dollar range, $6300 and above is just a mere optimism it may happen but not that fast the possibility is too low but there is still a chance. We have few news regarding bitcoin and it won't get hype without any event that might trigger the alarm, prediction wouldn't be that necessary unless something unexpected occur.

Prices always fail to reach $6000 because many users continue to do panic selling and make prices stuck and fall back again.
we need a stronger leap so that panic selling is no longer a barrier to price rise

Gaff

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Quote from: Idrisu on May 04, 2019, 12:18:37 AM

That trading area has been breaking and bitcoin is heading toward $6000 maybe before the end of today or tomorrow it is going to cross that level. I think we are not going down now as many people have speculated but going towards $6000.

Indeed, this will continue to prosper as uptrend price will gain more demands onwards. Many of us now take action with positive news behind bars, so just wait and always control your emotions. Don't act quickly, you must think seriously and avoid panic. Because when you give up and don't have patience on what has been through, everything will be worthless.

Fredomago

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Quote from: Oceat on May 03, 2019, 04:26:25 PM

Quote from: Adriano2010 on May 03, 2019, 01:27:00 PM

Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

I don't think it will hit more than $6000 within this month or reach $7000, but i believe there is a big possibility that it will hit $6000 within this month. If there is a big fomo that will be coming it will eventually change the price and may reach the resistance price within a couple of weeks.

It can hit more than $6k if the momentum will continue, there's no assurance but we are seeing good response from the market, if more and more pressures to go up then the bull will continue being strong and try to hit another barrier, though $7k is tough to climbed but if there's more positive
movements who knows how long it can be touched.

Idrisu

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That trading area has been breaking and bitcoin is heading toward $6000 maybe before the end of today or tomorrow it is going to cross that level. I think we are not going down now as many people have speculated but going towards $6000.

Oceat

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Quote from: Adriano2010 on May 03, 2019, 01:27:00 PM

Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

I don't think it will hit more than $6000 within this month or reach $7000, but i believe there is a big possibility that it will hit $6000 within this month. If there is a big fomo that will be coming it will eventually change the price and may reach the resistance price within a couple of weeks.

Adriano2010

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Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

Gaaara

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It will probably break and go higher than $5600 but base on how I see it $6000 won't be the price floor and it can go up and down within $200 dollar range, $6300 and above is just a mere optimism it may happen but not that fast the possibility is too low but there is still a chance. We have few news regarding bitcoin and it won't get hype without any event that might trigger the alarm, prediction wouldn't be that necessary unless something unexpected occur.

coinplus

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I can't believe the fact that bitcoin is going up no matter what. We have been really going up and not looking back for the past month, anytime price goes down a bit everyone starts to panic and think this is the "correction" that we will see but anytime we go down even a bit we go higher and higher. We are above $5700 as of right now and I believe even if we fall a bit (not $4500 like some claim but to $5200 levels again) then we will go back up even higher and even reach 6 thousand dollars finally.

Each of those thousand levels is a big breaking point for bitcoin and anytime we break those we are probably never going back to previous one for a long time unless another bear run unleashes by some bitcoin rich person selling thousands of bitcoin all at the same time.

BrewMaster

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There is trouble abrewing

there seems to still be some sort of fear in the market that is preventing that FOMO from happening and pushing the price up above the $6k. probably it is (at least partly) because of the recent bitfinex stuff with their Tether issues but also it might be due to the large scale FUD that has been circulating over the past week with lots of "fake speculation" talking about drops just because they had placed a bunch of shorts which they wanted to fill Cheesy

Pab

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There is typical saucer formation to me
I will watch now 5800$ area if break 6200$ -6500
we have Friday volume will slow down during weekend i guess but weekenders can brought price up

hahay

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This is a cycle in which an increase will occur on each coin, which means the market has a good uptrend. Although there will be many people who sell their altcoins to get a better profit in bitcoin, but with trends like this and for the future it is not wrong to wait longer to trade altcoins, but whatever it is, a choice must be made, FOMO it will be something that will make a maximum immovable increase because it might be a correction when the pump is happening because many of them sell.

Tytanowy Janusz

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Quote from: Pursuer on May 03, 2019, 09:56:55 AM

I don't really expect what people are calling "dominance" (falsely) to increase that much anytime soon because there still is an unbelievably huge supply of altcoins that bitcoin with its teeny tiny supply (in comparison) is being compared to when calculating that "dominance". on top of that they are injecting trillions of new coins into the circulation every day so despite their value loss they still are bloating the total market capitalization.
this is actually why it is not real dominance and that is why market cap is a worthless number.

Well...indeed total market cap of all coins is worthless. I even created topic for that: https://bitcointalksearch.org/topic/m.39856027

But in my opinion 65% bitcoin dominance according to what people call it is not that hard.
Currently total marketcap is equal to 185 bil, bitcoin is worth 102 bil, the rest of top 25 coins from CMC are worth 65 mil. We only need 25% alt/btc price drop ($16 bil) from top 25 CMC and bitcoin dominance will surge above 60%. In my opinion it is possible since most of those coins are close to supports. And we are taking into consideration only top 25 CMC. Those trillions new coins every day are for sure boosting MC but they are most often top 300 - top 500 CMC ($5-10 mil worth each). To cover $16 bil loss we will have to see 2200 new coins listed on CMC.

You are right. 75% is too much. But 65% is plausible.

Pursuer

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Quote from: Tytanowy Janusz on May 03, 2019, 07:28:24 AM

Quote from: passwordnow on May 03, 2019, 05:53:16 AM

Most of the alt holders are starting to transfer their funds back to bitcoin.

Starting? They are dumping alts at least for 2 months dumping them 30-50% (alt/btc price). Most of alts are very cheap today but they will be even cheaper.
Rule is simple. When bitcoin is boring speculants trade btc/alt boosting alt price. When volatility is coming back to bitcoin speculants sells alts to trade on bitcoin. Thus unless bitcoin will calm down there won't be recover on alts. I think that bitcoin will show now who is the king of crypto and dominance will grow to 65-75%.

I don't really expect what people are calling "dominance" (falsely) to increase that much anytime soon because there still is an unbelievably huge supply of altcoins that bitcoin with its teeny tiny supply (in comparison) is being compared to when calculating that "dominance". on top of that they are injecting trillions of new coins into the circulation every day so despite their value loss they still are bloating the total market capitalization.
this is actually why it is not real dominance and that is why market cap is a worthless number.

onecall123

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Bitcoin price is nearly $5,900 now, the highest level in 6 months since November 2018. It appears to have the most FOMO associated with it, I hope it will cross $6,000 this time. Bitcoin (BTC) is showing positive signs right now, however I figure it could still be a bull trap.

DeathAngel

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$5,735 on Stamp at the moment, it looks like the bears are really losing control atm. $6,000 a real possibility this weekend.

Rustamm

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The market really looks good today, I hope this time the price will exceed $6000 and strengthen above this mark, but if not, then the mark of $5800 will also be a good step for further price growth. For Bitcoin, it is important to strengthen above $6000 as this is a psychological mark, after which the mention of Bitcoin in the press will increase.

klaaas

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Curious if it will hold with the today rise, no big bear movement yet. If they stay out and the line keeps rising this can be 6k today for sure.

incomefromcoins

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Now the present market uptrend is supposed to cross more than 10thousand dollars as per technical analysis so we may expect bullish run with this uptrend

Tytanowy Janusz

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Quote from: Slow death on May 03, 2019, 08:26:32 AM

Quote from: khufuking on May 03, 2019, 08:03:43 AM

Any logical explanation as to why the couple last uptrends was only on Bitcoin, as much as I am happy with this uptrend but I can't help but to get scared because with Altcoins not rising even close to Bitcoin level of rising when a correction happens Altcoins will dip badly

when the price of bitcoin begins to rise a lot, people rush to sell their altcoins to buy bitcoin, and this cycle can last a long time making the altcoins fall a lot and for a long time. just see the price that the altcoins had to 5 months and the price have today to realize what I'm talking about

we reach more than $5750 and we are very close to $6000.

In my opinion it's not about bitcoin price grow. It's about volatility of bitcoin because when bitcoin price dump that makes altcoins dump even further what should not happened based on your explanation.

High volatility on bitcoin makes almost impossible to predict alt/btc and alt/usd price since those are related to btc/usd price. So when volatility on btc/usd increase makes short term alt traders go on holiday or trade on BTC/usd since there are finally good conditions for speculation. Their capital moved out of altcoins dump them and makes other (even middle term hodlers) sell what push price even further.

When volatility on bitcoin is decreasing short term traders leave btc/usd pair (bad speculation condition) to trade on altcoins what push price up.

Topic: Another uptrend has shaped up trying to break $5600 again - page 2. (Read 560 times)