atleast now it increases and we were still able to trade
On the weekly chart it is all still looking positive indeed. It is still burst or break around the 8k on the daily. With no big bears 7k wont happen soon. Lets see what today will do.
Topic: Are We Going Back to $7,000? (Read 10408 times)
Heh, no 7000, 24 may 8000$, i think we go down to septembr 4500-6000 and up to 9000- 12000$ in new yer .
for now i just hope the price is stable on $7800-$8100 for a bit longer time.
Pump is good real good, but don't want it will affect for a dump on altcoin in price adjustment, since i most doing a trades on altcoin with a pair of btc
We we're unable to control it, though the market is better in movement now than in 2017 pump that happens too fast to imagine, atleast now it increases and we were still able to trade and watch it grew and still can plans when and where to buy more. Pump is good real good, but don't want it will affect for a dump on altcoin in price adjustment, since i most doing a trades on altcoin with a pair of btc
atleast now it increases and we were still able to trade
On the weekly chart it is all still looking positive indeed. It is still burst or break around the 8k on the daily. With no big bears 7k wont happen soon. Lets see what today will do. I don't think so. Before any bull run the market normally experience up and down until it break the 8000 price upward. It is time Bitcoin is picking up and coming below 7000 USD is a no go area.
I won't be that confident to say that $7k and below is a no-go area for bitcoin. Every price is of possible until we see heights that are too far from that. But today, we're still on the axis of $7k and it's likely that we can go down anytime.
for now i just hope the price is stable on $7800-$8100 for a bit longer time.
Pump is good real good, but don't want it will affect for a dump on altcoin in price adjustment, since i most doing a trades on altcoin with a pair of btc
Pump is good real good, but don't want it will affect for a dump on altcoin in price adjustment, since i most doing a trades on altcoin with a pair of btc
it seems like some people here have forgotten that they were saying basically the same thing about bitcoin price not so long ago when it was below $4k and they were "expecting more drops" just because price wasn't shooting up every day breaking new resistances!
You are right there, buddy! people are expecting for the price to continuously pumping but they are afraid if it will dump, most of them will loss if they would not think in a matured way. It's normal that the market will undergo some correction when price are pump hard, and that is something not to be panic with, as we can call that a normal one.
Be smart, and buy every dip, and always think that steady increase is better than a sudden pump.
The price now has back to up to $8000 level price, but we still have a chance to go back down again in the future because we don't know what will happen in the future. And if we see what is going on in the market, I think this time bitcoin price will increase and will reach more than $8500, and I hope that will really happen in the next month. But I guess that the price will stay at $8000-$8300 until the end of this month and then the price will go up to the higher price and who knows, we will be able to break $9000.
it seems like some people here have forgotten that they were saying basically the same thing about bitcoin price not so long ago when it was below $4k and they were "expecting more drops" just because price wasn't shooting up every day breaking new resistances!
Its hard to say, maybe it can be go down again considering that the rising is not backup by something strong, but maybe it can go up because the trend still positive, but for me I better hold back and don't buy it, wait for a longer time and see how the market change
Preserved those coins which is already inside your wallet might be the best move instead of trying to do short, it's really hard to predict if what directions the value will go, making your calls will be a tough decision making right now, if you can leave it that way and continue holding your coins then you'll be safe at it is, else try to work it out and see if there's a good opportunities to play with this fluctuations and earned from the market movements.
Its hard to say, maybe it can be go down again considering that the rising is not backup by something strong, but maybe it can go up because the trend still positive, but for me I better hold back and don't buy it, wait for a longer time and see how the market change
After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49 based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.
Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?
I figured we would retrace after failing to breach the $8,300 resistance level. We had dipped to around $7,600 but the bulls have been charging ever since. I am sensing a lot of support, especially with the way BTC snapped from the lower $7,000s to $8,200 a couple of weeks ago. I am unsure of where we are going in the very near term, but I expect we will breach $8,300 and reach $10,000+ by the end of this year.
After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49 based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.
Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?
I see the price is going back up now and looking pretty good to go upwards from $7900 now. 
It is near the weekend and people are enjoying the warm weather so they are happy and when people are happy they tend to spend.
Lets just hope they are spending their money on buying some bitcoin to raise the price up by monday morning.
It is near the weekend and people are enjoying the warm weather so they are happy and when people are happy they tend to spend.
Lets just hope they are spending their money on buying some bitcoin to raise the price up by monday morning.
The market is really volatile and we can't take control of the changes so it isn't impossible for it to reach $7k anytime or it could also rise up higher than its currwnt value. The market is unpredictable and is always changing so there's no doubt that certain changes could happen anytime.
After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49 based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.
Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?
No, it is just up and down, it is temporary happening, and now you could see bitcoin once again come $7871, so i don't think bitcoin go back at $7000 in this time. Now step by step bitcoin will be go up and al least it will be reached at $10000 and more than it, we will see in the next year of 2020 when halving is coming.
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.
Well, it wouldn’t really be a bad idea If the market can go to $7000 maybe that will be the FOMO point Tom lee is talking about. At this point that the market really finding it hard to fully break further barrier, we need a pint that will serve as big opportunity and create a panic buy, but since we are already in bullish trend, no matter the dip, there will always be a sharp increase that will be surprising to us all. The market is volatile so this possibility could happen anytime.
Whatever the fluctuation we have, I believe greatly that this momentum has the ability to get us to $10k by the end of July, so I am not so much concerned if Bitcoin stabilizes on 8k for now or back to $7k, my target is $10k by July.
The price is currently hanging from a precipice at least short term, I see this as a shorting opportunity but its also going back and forth so many times it hardly seems to be a definitive move anymore.
So I really think it should be breaking up through a 2 day average to prove price is on trend to gain more. If it cannot prove as much then it seems likely the price is sold by speculators. Longer term we have made some gains but really Im looking for a reset and then further gains.
There is a ton of volume in the 6000 area and it should take a while to digest at that point even though its higher right now I think the 6000 area is not done for this year yet. Maybe Iam too negative but I dont see this move upwards as absolutely over yet or perfectly proving we are established at a higher price.
So I really think it should be breaking up through a 2 day average to prove price is on trend to gain more. If it cannot prove as much then it seems likely the price is sold by speculators. Longer term we have made some gains but really Im looking for a reset and then further gains.
There is a ton of volume in the 6000 area and it should take a while to digest at that point even though its higher right now I think the 6000 area is not done for this year yet. Maybe Iam too negative but I dont see this move upwards as absolutely over yet or perfectly proving we are established at a higher price.
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.
We have been down to this $7000 trend almost like 3 times now very time bitcoin fails to break over the $8k and most of these times, it end up increasing to retest the value again and now, I think this will be the last short, if bitcoin is not able to break $8k again this time, we might really be heading down to $5800 which most people has speculated has being the major dip they are expecting.At this point is when FOMO will probably visit the market again, and this time around, the fomo will be so big that it might eventually force bitcoin not to onlyincrease to $8000 with full speed, but further increase to $10,000.
Don't think last time we drop to 7200 then go back again now we dropped to 7600 and will go higher than 8.000$ next can be 8.500-700 and then another drop to 8200-300 but we are in beginning of bull market.
Of course it's possible but is there something to worry. To stop yourself from worrying, just think that price will go back later because eventually it will go up. You are just stressing yourself. Aren't we in bull run already, so why worry? If this fall will continue then it's clear we aren't in complete bull run.
This is a correction after a huge pump up of Bitcoin but like you said nothing to worried because this is normal in the market to see a pump and dump situation just always remember that Bitcoin is grow faster as people imagine it surely go back to $10,000 level sooner or later but not just focus your self tobe positive and just make a good entry in the market, stressing your self is not good specially if you are a day trader or long term holder.
Yup. It will go back up eventually. Pretty sure that’s happened to us all at one point. Now the market is down. To me sit tight, the market needed to correct. Gonna go up again and will be back up in a week or something like that. I’ll bet on that.
Of course it's possible but is there something to worry. To stop yourself from worrying, just think that price will go back later because eventually it will go up. You are just stressing yourself. Aren't we in bull run already, so why worry? If this fall will continue then it's clear we aren't in complete bull run.
It's extremely possible that $7000 will be reached ever, but it would be too far-fetched to say that we-re heading towards $7k right now. The last pullback from 8300 was bought and got up 8100 again, but if it continues making lower lows and lower heights, then $7000 is on the radar for the next month. There could also be spikes, so if you want to buy low, place ladder orders starting from maybe 7100 and down to 5000 and eve below if you can't be at the charts all the time. Btc have long proved anything can happen any minute.
See dude, first i would like to say that,
Market is never predictable and so now it's happening.
We have seen bitcoin rising and now it decreased for a moment, now it again started increasing.
Nevertheless it's always nice if the price increases.
Now lets hope for the best.
Market is never predictable and so now it's happening.
We have seen bitcoin rising and now it decreased for a moment, now it again started increasing.
Nevertheless it's always nice if the price increases.
Now lets hope for the best.
I don't think so. Before any bull run the market normally experience up and down until it break the 8000 price upward. It is time Bitcoin is picking up and coming below 7000 USD is a no go area.
I won't be that confident to say that $7k and below is a no-go area for bitcoin. Every price is of possible until we see heights that are too far from that. But today, we're still on the axis of $7k and it's likely that we can go down anytime.
In the short term, I'm not sure we can get all the way back to $7,000 again. That momentary selloff the other night was bought up very quickly, exhibiting very strong demand at lower levels.
If we break down from this $7,900 area, I see a zone of support in the $7,200-$7,400 area. My guess is that's where any correction will stop. Then we'll probably go on to new highs
If we break down from this $7,900 area, I see a zone of support in the $7,200-$7,400 area. My guess is that's where any correction will stop. Then we'll probably go on to new highs
This whole thing looks very suspicious to me
If you were following the prices as well as news, you would have noticed that the major price movements as of recent are mostly related to Bitfinex in some way (and their litigation with the New York Attorney General’s office). Unsurprisingly, the fast rise from lower 4k had begun shortly before Bitfinex announced they had 850M dollars arrested. So how much of the current growth is organic, if I can say so? Could this rally have been caused by Bitfinex doing something nasty again (like printing tethers and buying up bitcoins to fill their liquidity gap)?
We already stay at $7,000-$7900 from yesterday, and the price now was trying to break the higher price, and I am sure the price can do that. But we need to be patient and don't sell too fast because we could wait for a while until the price can increase more than $8,000 and then we can sell some bitcoin. But I don't think that the price will go lower than $7,000 in the next month because that will makes people being panic if they see that price happen.
however, the price of bitcoin is so close to that price. but, paying attention to what happens every month, the bitcoin price at the end of the month always shows a decline. I hope the current decline is no more than $ 7500. well, even when the price is so close, the potential to have a high price is of course so big.
$7k to $8k range was within the range right now on bitcoin price, and it's barely playing over it's fluctuating trend. The activity was showing deep momentum cycle, as it's trending towards the highest price. Although the situation was not having an exact phase of increase signals, it's always a positive approach towards price increase capability.
Don't give up, just have a focus on every opportunity that will come because in survival your chances always depends on the outcome. You can't say the final conclusion unless, you did what's the best that you can do in order to succeed.
Don't give up, just have a focus on every opportunity that will come because in survival your chances always depends on the outcome. You can't say the final conclusion unless, you did what's the best that you can do in order to succeed.
7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.
Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
I completely agree, seems like we're continuing to sit right at or under $8000 for the time being and it seems to me a breakdown is more likely than a break above $8K at the moment. Longs also outnumber shorts on Bitfinex at the moment according to Datamish. I have a small long still open as I haven't had very good luck shorting this market recently, but things indeed look a bit shaky at the moment as the price slowly slides farther from $8k. Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
we are behind the $8k price because this is the real resistance and all the previous levels which people thought were "resistances" were really only a price on the way to this point. not to mention that because of the dumps earlier this year price was below the real intrinsic value and it needed to "jump" back up to this point which should have been reached months ago.
and that is why i don't see any drops without any really serious drama!
I think not because the market has been decided by the investors and it seems that whales are holding back their btc up to bull run. There maybe a fluctuation this probably weak hands could not control by selling their btc holdings after seeing a minimal profit that has happen in tue current market. But, mind you that this will not going to go dow. instead many some weak hands will going back to invest bitcoin and eventually market will going to recover.
We already stay at $7,000-$7900 from yesterday, and the price now was trying to break the higher price, and I am sure the price can do that. But we need to be patient and don't sell too fast because we could wait for a while until the price can increase more than $8,000 and then we can sell some bitcoin. But I don't think that the price will go lower than $7,000 in the next month because that will makes people being panic if they see that price happen.
7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.
Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
I completely agree, seems like we're continuing to sit right at or under $8000 for the time being and it seems to me a breakdown is more likely than a break above $8K at the moment. Longs also outnumber shorts on Bitfinex at the moment according to Datamish. I have a small long still open as I haven't had very good luck shorting this market recently, but things indeed look a bit shaky at the moment as the price slowly slides farther from $8k. Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
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.
well, right now we are at $ 7800. that is natural, because the price of bitcoin is indeed unstable, but prices are now approaching $ 8000, and have the potential to be even higher. when prices fall, it's natural, and now, of course, people are very optimistic about the increase in the price of bitcoin at the end.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.
In the short term, I'm not sure we can get all the way back to $7,000 again. That momentary selloff the other night was bought up very quickly, exhibiting very strong demand at lower levels.
If we break down from this $7,900 area, I see a zone of support in the $7,200-$7,400 area. My guess is that's where any correction will stop. Then we'll probably go on to new highs.
If we break down from this $7,900 area, I see a zone of support in the $7,200-$7,400 area. My guess is that's where any correction will stop. Then we'll probably go on to new highs.
7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.
Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
I like that. It seems that people have gotten more bearish in the short term, which might be resolved in a powerful green candle to the $8500 resistance.
People (moon boys mainly) were full of confidence on the way up, kept drinking hopium after it topped out, and now the price has been moving side ways longer than they expected, hopium lost its effect and as result fear starts to creep in. You got to love how volatile people's mindsets are. It's more volatile than the price of Bitcoin itself.
I'm prepared for both up and down movements, so I can sit back and enjoy how the short term price action will play out.
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.
well, right now we are at $ 7800. that is natural, because the price of bitcoin is indeed unstable, but prices are now approaching $ 8000, and have the potential to be even higher. when prices fall, it's natural, and now, of course, people are very optimistic about the increase in the price of bitcoin at the end. 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 don't think so. Before any bull run the market normally experience up and down until it break the 8000 price upward. It is time Bitcoin is picking up and coming below 7000 USD is a no go area.
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.
7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.
Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
Far from $5,000 we are. The market has a mechanism for some backslide which is what it has done already. Just like when it was bear, it also had a time for buys too after then it continued bear and I believe in this way, it has continued it trend.
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.
7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.
Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.
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.
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.
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.
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.
The market is volatile so this possibility could happen anytime.
trends don't have to last indefinitely. they only last as long as the force behind them are still strong and there and end when that force ends. more importantly that end doesn't mean reversal, it just means that trend ended and new one is starting.
in this case the trend was party a FOMO and partly a long overdue correction of an underpriced state which needed to go back up fast and big like this. so it happened. in other words bitcoin price should have reached $8000 in December or January tops so it is already 5 months late.
when that happened, it slowed down and entered a new phase which is the build up to the next rally towards $10k. it doesn't have to go back down to $7k or other lower prices, not to mention that it still would be a less than 10% drop which is ignorable.
in this case the trend was party a FOMO and partly a long overdue correction of an underpriced state which needed to go back up fast and big like this. so it happened. in other words bitcoin price should have reached $8000 in December or January tops so it is already 5 months late.
when that happened, it slowed down and entered a new phase which is the build up to the next rally towards $10k. it doesn't have to go back down to $7k or other lower prices, not to mention that it still would be a less than 10% drop which is ignorable.
Support level at this point is $7700, $7500, obviously if those are broken then the price could go to $7000 levels. So there is that possibility and that everyone should take that opportunity to stash some more and then see if the market will continue to go down or not. If it did, then buy more at this dip.
So far the price is holding at $7700-$8000, It retested $8000, but wasn't able to push enough to $8200-$8400 upper bounds. So let's see if a break-out run could resurfaces or the price could go as low as $7500.
So far the price is holding at $7700-$8000, It retested $8000, but wasn't able to push enough to $8200-$8400 upper bounds. So let's see if a break-out run could resurfaces or the price could go as low as $7500.
We'll reach $7000 often which is just a kind of a price fluctuation. The market has gained good support and it is on the urge for the next price increase. With that we can reach the $10000+ value. This is how the market is moving, same time if the whales try to manipulate we can experience a downtrend and further will begin its growth. If there is some form of deep fall it can be used as right time for investment.
And its totally staying to $7900 for the moment. We will see $10000 soon if this gain will never stop the market.Strong support is placed at $7500 on most exchanges right now though that doesn't mean that it can't be pulled off by whoever owns that at any given moment. Right now I won't recommend buying, but the insane dip just a few days ago would have been a nice buy if you are keen on what's happening with the market at that time. $7900 is currently a fragile price point and I wouldn't suggest buying at this range. Perhaps if we climb back down $7500 or lower, buying would be good.
There's still a possibility that we might see a pull back to $7000 but I'm confident that we will stay higher than the support. And later on it will break a new support. 
We'll reach $7000 often which is just a kind of a price fluctuation. The market has gained good support and it is on the urge for the next price increase. With that we can reach the $10000+ value. This is how the market is moving, same time if the whales try to manipulate we can experience a downtrend and further will begin its growth. If there is some form of deep fall it can be used as right time for investment.
Strong support is placed at $7500 on most exchanges right now though that doesn't mean that it can't be pulled off by whoever owns that at any given moment. Right now I won't recommend buying, but the insane dip just a few days ago would have been a nice buy if you are keen on what's happening with the market at that time. $7900 is currently a fragile price point and I wouldn't suggest buying at this range. Perhaps if we climb back down $7500 or lower, buying would be good.
Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?
People waiting for a dip to start buying most likely won't end up buying at all, because when it does reach $7000 they will wait for $6500, then $6000, and so forth. In other words, they'll miss out once again.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.
Noobs will continue to miss out and eventually yolo buy during a pump because they are sick and tired of waiting. The downside to that is the likelihood of them buying the top of the pump and see the price crash shortly after.
A fool with money is still a fool at the end of the day....
How can we really tell that it's real correction and just the usual happening in the market?
Can't tell beforehand.
I see a lot of selling going on as we speak (open up your exchange tab and see it happen live for yourself), and so far the sales are absorbed with little to no effort and we keep going back to that $8000 level, which is a positive sign in my opinion. The more people we see take profits right now, the easier the ride up will be when the rush continues.
I would love a revisit of $6000 (or even lower) so I can buy back lower, but the bulls have shown more strength than I initially gave them credit for.
Bitstamp's orderbook currently has a depth of +$80 million in visible buy orders, which is more than double of what it was before we started pumping, which shows that this increase isn't based on hot air, and this after the 5000BTC dump that took like $35 million out. This is very impressive I would say.
I think we're seeing that happen because the ALTs finally decided to fight back and hence as they gain appreciable momentum, Bitcoin on the other hand had to retrace a little. Anyways i don't believe we're heading back to $7K. We'll hover around $8K for the time being.
It is still swinging on the moment and its still need to see if it is going to spike or bust. It depends on the time span you want to hold, for longer terms go for it.
I believe that during the summer, Bitcoin can drop for a short time to the level of $ 7,000. This will be a logical and expected correction for me, which in principle will not affect my long-term investment plans. Therefore, I admit the development of the situation in such a scenario.
Nothing unusual I would say and nothing to be worried about. We've seen such corrections many times so far and I could say it was kind of expected. Obviously some predictions that Bitcoin price will touch 10000$ this weekend were wrong but this isn't the first time. I wouldn't be surprised if price goes even below 7000$ this week but that doesn't mean that it will continue to drop, recovery could happen rather soon.
Yeah, no big deal with this market movement. This supposedly 'correction' will happen time and time again. How can we really tell that it's real correction and just the usual happening in the market?
Back to 7000$ now no, but this looks like a game, after grow to over 8200$ drop to 7100$ or lower and again grow to 7800$ and i think maybe again will drop and after will grow again, who have money can make some good profit.
For someone who's been in this forum since to 2015, it seems weird that you would call these market movements a "game" 
You should know how this market works and that these extreme price swings in the BTC price are pretty normal when both price and volume suddenly go up. BY saying "game" you're making it sounds as if there's someone behind the scenes manipulating the prices...Yes this is needed. Let's hover in the 7000s for a few weeks, otherwise we wont see any ATH in the near future. Too early for FOMO.
Why 7000, and not 6000, though? The price went up from 5k to +7k without much resistance, so why not some consolidation around 6k? If its not going to break the $8k, it will just keep the price swinging from $7k to 8k. The bulls just stop and there are more reasons to accumulate more coins than to keep it going to moon. This is where you shall think the sudden rise is actually a bulltrap, if you believe it you will end up selling.
Nothing unusual I would say and nothing to be worried about. We've seen such corrections many times so far and I could say it was kind of expected. Obviously some predictions that Bitcoin price will touch 10000$ this weekend were wrong but this isn't the first time. I wouldn't be surprised if price goes even below 7000$ this week but that doesn't mean that it will continue to drop, recovery could happen rather soon.
It would be hard to get back to 7k again.
There are many resistances that have to go through if we want to get back to that levels. Also retracement is going to happen easier if it does around 8k and not around 7k, so I don't think we have to worry.
There are many resistances that have to go through if we want to get back to that levels. Also retracement is going to happen easier if it does around 8k and not around 7k, so I don't think we have to worry.
Yes this is needed. Let's hover in the 7000s for a few weeks, otherwise we wont see any ATH in the near future. Too early for FOMO.
Back to 7000$ now no, but this looks like a game, after grow to over 8200$ drop to 7100$ or lower and again grow to 7800$ and i think maybe again will drop and after will grow again, who have money can make some good profit.
The 8K USD price level isn't getting enough support,so many "not very patient" traders will start selling their bitcoins and cashing out the profits of the recent bull run.This might push the price down to 7K USD,but that's perfectly fine.I still believe that bitcoin will reach a new ATH next year,so I'm not selling my bitcoins.
yes, besides the price has also just recovered, so I think, there are still many people who can't wait to sell their assets. Current prices may be very difficult to stabilize above the price of $ 8k, but I think little by little, prices will recover and rise again 
The 8K USD price level isn't getting enough support,so many "not very patient" traders will start selling their bitcoins and cashing out the profits of the recent bull run.This might push the price down to 7K USD,but that's perfectly fine.I still believe that bitcoin will reach a new ATH next year,so I'm not selling my bitcoins.
Price movement is between 7000 and 8000 dollars and we are not seeing any massive correction to the price.
If it keeps in this range we have a higher probability to the 8000 and up scenario.
I am waiting for the price to go down though as I need to buy more bitcoins and this is not an ideal time to do so.
If it keeps in this range we have a higher probability to the 8000 and up scenario.
I am waiting for the price to go down though as I need to buy more bitcoins and this is not an ideal time to do so.
The current market move to upward and downward so we will not say it will reach 7k USD in upcoming days. The current status is little jump anytime so I expect it will reach 8k to 9k USD in this month. Still many peoples are believe the Bitcoin potential so surely it will never go back the last month status.
Market now is going up and down easy to say it is unpredictable right now, but I hope $7000 will not touch down to that price.
We need to think to our mind on how to become the bitcoim to stable to the $8000 we are far from the price last 2018 so we can also go far again to rise bitcoin to $8000. What I've noticed once bitcoin reached more than $8000 they decreased fast under $8000 again.
We need to think to our mind on how to become the bitcoim to stable to the $8000 we are far from the price last 2018 so we can also go far again to rise bitcoin to $8000. What I've noticed once bitcoin reached more than $8000 they decreased fast under $8000 again.
Crazy market is up and down, it's having a hard fight but i think it will go over $8000 this week, maybe it go over $9000 this week, as we have seen in the past weeks, this bump looks like will have a nice top. So, just keep holding.
7200 is downside target from the 8000 level I think due to old volume at those prices. Main thing I watch short term is on the 4hr bars the 8 day average. When it crosses below that its challenged and can easily reset or loop back to previous support which would be around the 7200 area initially
So its staying above right now but its a reasonable point of failure I think
So its staying above right now but its a reasonable point of failure I think
After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49 based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.
Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?
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