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Topic: BITCOIN - $6700 (Read 766 times)

hero member
Activity: 1082
Merit: 502
May 13, 2019, 03:04:10 PM
Most likely the reason is that whales have accumulated a sufficient amount of bitcoins now and now they are going to continue pamp btc price higher. For them, the task that they set for themselves at the end of last year has already been completed. Now they with a clear conscience can continue to increase the price of bitoin.
hero member
Activity: 3038
Merit: 634
May 13, 2019, 11:47:49 AM
Market corrected now, hope that it remains resilient is the only way
https://www.coingecko.com/en/coins/bitcoin/usd
It is a very normal move for the market, there will be a following correction but it won't be that much like the past correction since 2018. I think we're getting a support of $6800 but its still on the better track for the past few weeks.
Agree, the correction will definitely occur every time but this time with a strong positive sentiment I'm sure there won't be a big correction, a correction will make the lowest point for further recovery because this year the crypto market looks very positive and still believes the price of bitcoin will have the highest price of all time.
I also believe that it won't be that big in terms of correction and what's lovely today? I'm just checking the price of bitcoin and as per replying here, I'm surprised on how quick the move is.

preev.com rates ~ $7907
coinmarketcap.com rates ~ $7829

We've noticed the moved for a while and bitcoin stayed somehow on $6,800 - $7,100 yesterday. And now, it is moving like crazy.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
May 13, 2019, 11:24:29 AM
I also don't know if is the start if a bull run, but i think we need to wait more, now price is 7500$ and maybe we can have a new ATH but we need to wait more because maybe is not yet a bull run like on 2017.

What price do you need to see in order to say that we are indeed we are in a bull run? As long as the price keeps increasing at this levels, I will say that we are already in the bullish zone. As far as hitting a new all time high, obviously it will need more time to achieved that. But for now, we have moving away from the bears, more than double the last all-time-low (ATL) and heading to near five digits again.
No one can be cent percent about the bull run util it happened so we just have to utilize the current price raise as much as we can.I am happy at the moment because it is reaching $8000 which zone I bought few bitcoins last year.
legendary
Activity: 2576
Merit: 1655
May 13, 2019, 11:21:53 AM
I also don't know if is the start if a bull run, but i think we need to wait more, now price is 7500$ and maybe we can have a new ATH but we need to wait more because maybe is not yet a bull run like on 2017.

What price do you need to see in order to say that we are indeed we are in a bull run? As long as the price keeps increasing at this levels, I will say that we are already in the bullish zone. As far as hitting a new all time high, obviously it will need more time to achieved that. But for now, we have moving away from the bears, more than double the last all-time-low (ATL) and heading to near five digits again.
hero member
Activity: 1414
Merit: 516
May 13, 2019, 10:01:50 AM
#99
I also don't know if is the start if a bull run, but i think we need to wait more, now price is 7500$ and maybe we can have a new ATH but we need to wait more because maybe is not yet a bull run like on 2017.
legendary
Activity: 1358
Merit: 1000
May 13, 2019, 08:05:37 AM
#98
What's up with the market in these past few days?

Bitcoin is on $6,700 at the moment, I am not hoping that this would be the start of bull run, is there something going on or announcement why bitcoin price is up? Cheesy Cheesy

I suspect that traders and investors, who are believers as well, are praying now.
I think, in a day Bitcoin can reach the new height. This is the best sign of a bull run. If this growth continues for at least 10-14 days, the market capitalization would grow tremendously.
legendary
Activity: 2982
Merit: 1028
May 13, 2019, 07:54:14 AM
#97
I think this year Bitcoin will reach a price higher than the price in 2017. It's a guess I made without any logic. After all, we are in an unknown market.

Prices have soared to 7300$ and we are inching closer to that 5 figure mark. It i very important for people to stay calm and do not go short at such time else you could just lose a big amount if bull run continues and you short the position. So keep your calm and stay invested in this market and if possible can buy more of different altcoins as well.

Focusing with your understanding and invest with your knowledge, there's no big news that's been circulating but the huge rise from the time this post was created do surprised most of us, we need to keep calm and be an investors position stop trying to short as market can jumped high and you'll be left behind.
sr. member
Activity: 1512
Merit: 316
May 13, 2019, 07:41:22 AM
#96
I think this year Bitcoin will reach a price higher than the price in 2017. It's a guess I made without any logic. After all, we are in an unknown market.

Prices have soared to 7300$ and we are inching closer to that 5 figure mark. It i very important for people to stay calm and do not go short at such time else you could just lose a big amount if bull run continues and you short the position. So keep your calm and stay invested in this market and if possible can buy more of different altcoins as well.
hero member
Activity: 1148
Merit: 527
May 13, 2019, 07:30:01 AM
#95
I did not hear good news about Bitcoin but in the last few days bitcoin has been pumped, I think everyone is trying their luck by buying bitcoin and make the value of bitcoin move up, hopefully bitcoin will continue to move up and altcoin will experience growth.
I would not say that it is a trial of luck, I think people have just build more confidence in bitcoin as many altcoins has disappointed them in the past, even with the system of IEO, it still did not solve the problems that came with IEO, so many investors of these coins are now totally seeing bitcoin has the only reliable coin and would prefer to continue keeping their fund in bitcoin market for future.

I believe from now on, new investors will keep adding their own money to the system, even existing users will still, be making efforts too to accumulate more while industrial players will also be investing heavily too. The market is now on a path of BULLISH market completely.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
May 13, 2019, 04:51:37 AM
#94
I was really nervous in the past few days. When Bitcoin increased in price to $ 7,300 today. Bitcoin can touch the price of $ 8,000 in a few days. Let's hope for a good start in the crypto market.

I was the opposite of nervous, I was surprised even when it took off above $6500. I was not prepared to see such prices above $6000 for this year to be honest so to see even 7000 plus is a huge bonus. I was sure even 2020 we would be struggling until after the halving. So I would be prepared just in case this is some whale getting ready to offload a lot of BTC.
hero member
Activity: 924
Merit: 502
May 13, 2019, 04:35:21 AM
#93
I think this year Bitcoin will reach a price higher than the price in 2017. It's a guess I made without any logic. After all, we are in an unknown market.

That's not impossible, the last bull run, it only needed less than a quarter of a year to reach $20K, but this year we started early.

We can expect more price increase as bitcoin still hasn't dump yet.
I am optimistic with the future, we have learn from the past bearish experience and I feel once the FOMO started, we would not see the current price again.

I think that our buddy here was just expecting great future for bitcoin price mate. As stated for unknown market, unpredictability remained conditional while the price range at fluctuations between $6700 to $7100. The roller coaster ride will still be experienced before we see good signs for $20k to be meet. If we expect 2017 of last bull run to regain back people's trust, then we must calm down and hold those valiant holdings that we still have.
legendary
Activity: 1414
Merit: 1001
May 13, 2019, 03:13:49 AM
#92
Prices are in a fairly stable range at the moment, so I feel that this is a positive thing because then Bitcoin is showing strong price stability. but personally I also hope that there will be a significant price increase again, the most important thing is that we don't experience panic because panic will only make the situation not good.
hero member
Activity: 1190
Merit: 541
May 13, 2019, 01:55:02 AM
#91
What's up with the market in these past few days?

Bitcoin is on $6,700 at the moment, I am not hoping that this would be the start of bull run, is there something going on or announcement why bitcoin price is up? Cheesy Cheesy
No news no announcement mate, bitcoin has just totally recovered from the bears hand, and has gained the confidence of investors, so this is just a natural increase that is long due, we are not actually supposed to be surprised at this, because bitcoin should have even performed better than this earlier if not for the tight hold of bears on the market

The bears has taken over now and we are already on our way to the bull run, so this is just a preparation for it, this market now would have built more confidence in the mind of people that will create the price surge a they will see the market area as safe haven now.
member
Activity: 700
Merit: 12
May 13, 2019, 12:20:23 AM
#90
What's up with the market in these past few days?

Bitcoin is on $6,700 at the moment, I am not hoping that this would be the start of bull run, is there something going on or announcement why bitcoin price is up? Cheesy Cheesy
it is definitely a very easy target for the Bitcoin to achieve but I hope it will not been drop again and if it was continuously develop then the end of this year will be a huge developed for the Bitcoin to achieve a new milestone in this time.

At the current level of the Bitcoin, there is no strong support for it, neither might there is a possibility that the price of Bitcoin will go down below 6500$. In order to increase its price the price of Bitcoin go down and then the price will start recovering again, this uptrend and downtrend will carry through the year.
full member
Activity: 546
Merit: 100
May 13, 2019, 12:01:42 AM
#89
I think this year Bitcoin will reach a price higher than the price in 2017. It's a guess I made without any logic. After all, we are in an unknown market.

That's not impossible, the last bull run, it only needed less than a quarter of a year to reach $20K, but this year we started early.

We can expect more price increase as bitcoin still hasn't dump yet.
I am optimistic with the future, we have learn from the past bearish experience and I feel once the FOMO started, we would not see the current price again.
Yes, Usually the price of Bitcoin rises sharply when it experiences halving Bitcoin, and currently we are in 2019, and will be close to 2020, because in 2020 is the year of halving Bitcoin, and I believe prices will rise sharply at that time.
hero member
Activity: 3010
Merit: 666
May 12, 2019, 10:49:53 PM
#88
I think this year Bitcoin will reach a price higher than the price in 2017. It's a guess I made without any logic. After all, we are in an unknown market.

That's not impossible, the last bull run, it only needed less than a quarter of a year to reach $20K, but this year we started early.

We can expect more price increase as bitcoin still hasn't dump yet.
I am optimistic with the future, we have learn from the past bearish experience and I feel once the FOMO started, we would not see the current price again.
sr. member
Activity: 840
Merit: 253
May 12, 2019, 06:09:20 PM
#87
I think this year Bitcoin will reach a price higher than the price in 2017. It's a guess I made without any logic. After all, we are in an unknown market.
sr. member
Activity: 2506
Merit: 368
May 12, 2019, 05:46:23 PM
#86
I think this is a surprise from bitcoin, the price of bitcoin rose from $ 4k to $ 7k in just a few days, I think many people didnt thought this would happen.
Well, sadly it just went from $7400 to 6900 today. Undecided
There's a lot of FOMO out there that's why it dumps now too quickly.
They should've wait and HODL and not dumping their coins.
I think those were the people from 2017 who buy at ATH and now is dumping most of their Bitcoin.
sr. member
Activity: 1344
Merit: 459
Vave.com - Crypto Casino
May 12, 2019, 05:11:21 PM
#85
I think this is a surprise from bitcoin, the price of bitcoin rose from $ 4k to $ 7k in just a few days, I think many people didnt thought this would happen.
full member
Activity: 742
Merit: 144
May 12, 2019, 05:09:34 PM
#84
I was really nervous in the past few days. When Bitcoin increased in price to $ 7,300 today. Bitcoin can touch the price of $ 8,000 in a few days. Let's hope for a good start in the crypto market.
$7500 is the resistance level right now and bitcoin is still good and it can easily break that wall in the coming next pump. I didn’t expect to hit this kind of price easily because of so many negative news before but bitcoin proves me wrong. Now i have more confidence to see bitcoin on $8k level, right now can still be a good time to accumulate.
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