It wouldn't be impossible to go back to 7000, it is mathematically and technically quite possible, however the hype and attention bitcoin has right now can only cause it to go up and common sense states we won't be seeing 7000 for a while, maybe never who knows. It is only possible if something like what Craig Wright did happens, if some rich whale comes up and sells 50 thousand bitcoins all at once on 5 different huge exchanges then you can bet that price of bitcoin will plummet to who knows where.
Unless that happens the hype is real and bull run is here so we are going to try our best to make it go beyond the all time high price once again and will make sure the support is strong in every single level below that to make sure we don't go down that fast ever again.
Topic: Are We Going Back to $7,000? - page 3. (Read 10408 times)
I don't think that it would be down to $7,000 again it is playing around $7,900-8,000 .
If it does go down the lowest price would be around $7,500 because the investors would surely take the chance to buy it so it wouldn't stay low for a long time.
But if it does break it's current price range then maybe it would start climbing to $10K.
If it does go down the lowest price would be around $7,500 because the investors would surely take the chance to buy it so it wouldn't stay low for a long time.
But if it does break it's current price range then maybe it would start climbing to $10K.
I think this latest Bitcoin market declined was due to hackers who just sold their stolen Bitcoins from exchanges but fortunately the market was able to recovered as maybe the other investors see it an opportunity to buy that is why it will never going back to $7,000 again.
Declination may shown a good opportunity to every investor who are eager to earn accummulate profits, still I am hoping that bitcoin's value will never undergo beyond $8k, because we are suffering bearishness for too long and recently it shown arouse progression, yet gradually dump. Still I keep my fidelity and positiveness for every possible conclusion.
Bitcoin’s steady climb to $7,000 appears to be due to improving bitcoin and crypto sentiment and technical data spurring on the market. The bitcoin price, beginning the year at under $4,000, hit $7,049 on the Luxembourg-based Bitstamp exchange earlier this evening.Meanwhile, bullish analysts have continued to voice their support for bitcoin ahead of one of the biggest events in the cryptocurrency calendar starting next week Blockchain Week NYC and CoinDesk’s Consensus 2019 event, beginning Monday, May 13, and running all week at the New York Hilton Midtown.
I think this latest Bitcoin market declined was due to hackers who just sold their stolen Bitcoins from exchanges but fortunately the market was able to recovered as maybe the other investors see it an opportunity to buy that is why it will never going back to $7,000 again.
I wouldn't rule out a return to the lower or mid $7000s in the short term either as it seems we're having a somewhat difficult time breaking over $8000-8100 at the moment, though most of the dips that have occurred recently have also been bought up relatively quickly. Can't rule out an unexpected large wick down like what happened on the 16th of May either. I would be extremely cautious margin trading for now, keep watch on your positions and close out as needed.
It's really possible because the market has been really surprising. It could rise up and go down easily and $7k is so near to its current value. We could expect all the best from Bitcoin but we can also expect the worst at the same time.
The market is volatile so this possibility could happen anytime.
This is so funny to see that last week we have seen the price of bitcoin almost touched 7k and that's for real. This time is a little bit different with the latest correction that makes bitcoin touch 7200 again. The market is volatile so this possibility could happen anytime.
the market looks stable and there was no a lot of bad news that fundamentally affects the mental of the bitcoin itself.
Essentially, this will put bitcoin into the stable condition and nothing happen.
with the current swings above and under the 8k bar it is still to see if we can hold it. may it push over and bottom out on 8k, we are heading to the 10k but 7k i would not rule out yet.
We did went back to $7000 or somewhat near that value but at least it is safe to say now that we will fly again to $8000. The price is near that value($7986) as per 6:16 PM UTC.
Yes, the price of Bitcoin is now approaching a return of $ 8000, so if it continues to exceed that price, then the price will return to its peak, hopefully.
After reaching $8,000+ mark then goes down around $7,000+, I don't understand how some people thinks that no way the price will goes down more. Looks like others got overhype at these price increase happened and stay on a thinking that price will continue to goes upward. Yes it is, but don't ever removed the possibiliies of having a quite spoiling while on progress.
Not a big deal after all for me if it we goes back to $7,000. Remember that we are below that price level for over a year so still way better.
Can also considered as good entry point again to do those who short at $8,000 level and just waiting for a dip.
As of writing, now around $,8000.
Not a big deal after all for me if it we goes back to $7,000. Remember that we are below that price level for over a year so still way better.
Can also considered as good entry point again to do those who short at $8,000 level and just waiting for a dip.
As of writing, now around $,8000.
We did went back to $7000 or somewhat near that value but at least it is safe to say now that we will fly again to $8000. The price is near that value($7986) as per 6:16 PM UTC.
Yes, the price of Bitcoin is now approaching a return of $ 8000, so if it continues to exceed that price, then the price will return to its peak, hopefully. 
We did went back to $7000 or somewhat near that value but at least it is safe to say now that we will fly again to $8000. The price is near that value($7986) as per 6:16 PM UTC.
No I dont think so
We are getting out of the bear market and getting for the bull market!
We are getting out of the bear market and getting for the bull market!
Does not seem to happen this way. A certain profit booking did took place due to which the market tumble and now again it is on the recovery path due to which it has reached to 8k levels and soon might even cross and closes 5 digit mark in coming time. So people who did not panicked and hold it will gain and get best returns as well.
No I dont think so
We are getting out of the bear market and getting for the bull market!
We are getting out of the bear market and getting for the bull market!
Does not seem to happen this way. A certain profit booking did took place due to which the market tumble and now again it is on the recovery path due to which it has reached to 8k levels and soon might even cross and closes 5 digit mark in coming time. So people who did not panicked and hold it will gain and get best returns as well.
No I dont think so
We are getting out of the bear market and getting for the bull market!
We are getting out of the bear market and getting for the bull market!
The price hovered below the $4000 for quite some time and people didn't want to touch Bitcoin, while now it's worth twice as much people suddenly wait for $7000 to start buying? Nonsense. Don't fool yourself thinking that.
For me the reason for such behavior is in fact that people (at least most of them), invest in bitcoin only when they see price is moving up. They are focused on how to get quick money, not in how to invest in bear market and profit in long-term. How else to explain that buying power was so low in months when price was half what it is today, and now more people want to buy then sell.
I guess that price would still be under $5000 if someone is not reversed the trend with that April $100 million buy order. Same as price would probably be close to $9k or even higher if someone did not slow down this process by selling order of 5000BTC.
It is easy to play with market if you have enough fiat and bitcoins, and someone has wisely said that little thing in the world happens by chance.
if I see strong buy support at $ 5500 - $ 6000, I don't think that would be below it, but maybe if the price of bitcoin corrects it doesn't happen for a long time, just think that he won't return to the price of $ 6666.66 and play there too long so let's look in the next 1 or 3 weeks, hopefully it will stay at $ 7,000
after the big breakout and reaching the $8k levels, things were quite volatile but as time passes the buy supports are becoming stronger and they are making the drops harder and harder. for now the $8k price may look like a strong resistance but it doesn't warrant a drop down, we are only in a small mid way accumulation which started after the cash out of some short term traders for small short term profit. the next upward momentum will start again pretty soon specially with all the good news that keeps on coming out these days.
We are at $7000+ now, but I am not seeing it will go down at the 7K floor.
Bitcoin will continue it's good movement, good thing is that we have tried to break the resistance although we failed many times. Just like the previous movement, we did not expect and then we were surprise that price already pump, I am very optimistic about the next movement, it could bring us to over $10,000.
Keep calm at this time, I'm sure the whales will not failed us this time, they are ready to pump.
Bitcoin will continue it's good movement, good thing is that we have tried to break the resistance although we failed many times. Just like the previous movement, we did not expect and then we were surprise that price already pump, I am very optimistic about the next movement, it could bring us to over $10,000.
Keep calm at this time, I'm sure the whales will not failed us this time, they are ready to pump.
It's really possible because the market has been really surprising. It could rise up and go down easily and $7k is so near to its current value. We could expect all the best from Bitcoin but we can also expect the worst at the same time.
The market is volatile so this possibility could happen anytime.
I also think so, in general we are seeing an uptrend but besides that the price of bitcoin will decrease at some point. $7000 is still a good price if that happens. The market is volatile so this possibility could happen anytime.
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