Bitcoin back to $7000 today? - page 5.

Jating

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Quote from: btc4peace on August 17, 2018, 08:48:42 AM

I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.

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-Isa

Let's see how it goes, its been trading sideways in the past couple of days with a small bump a long the way. It could really pave for a new market trend towards a good bounce at $7K or another bottom at $58++. Regarding Bitcoin ETF, we will see the same pattern prior to the supposedly decision (Aug 10), which is a short term bump as well. But we all know that when it gets rejected, expect a massive sell off and another bottom.

Quote from: Varun Kanwar on August 17, 2018, 01:03:59 PM

No it will not happen today. just wait and you will see a dump soon. Bitcoin has no news to support its levels right now.

The support is strong at $6K, that's why we didn't see another bottom. Right now we are consolidating and it continues then $7K will be breach when whales thinks its a good time to pour and go back into the market again.

Varun Kanwar

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No it will not happen today. just wait and you will see a dump soon. Bitcoin has no news to support its levels right now.

bene_gesserit

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The market sentiment is (still) too negative for a bull run. Look: https://enroyd.com/btc_sentiment/
You remember that study published by Yale? https://cointelegraph.com/news/yale-research-proposes-factors-for-crypto-price-prediction
This is what they found out:
"Apart from the momentum effect, the Yale researchers mention the factor of investor attention, which is a correlation between crypto prices and the number of posts and queries for cryptocurrencies on social media and in search engines."

Hence, as long as the market sentiment doesn't improve, I don't think we'll see a huge bull run.

What do you guys think?

Farma

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hopefully that will happen soon. well, I've missed that price for 1 bitcoin. well, for now the price of bitcoin is still below $ 7000, but in the near future I think the price will return above that price, I am happy to monitor the current price, hopefully it will not be disappointed.

diger

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Yes, the bottom of $ 5900 for bitcoin is true, but there is a possibility that we will go below $ 5000.But I bought and 10,000 and 8000,7000 .... always buy !)

close up

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Quote from: mmo_online_1981 on August 17, 2018, 08:54:11 AM

I want the price of bitcoin to be stable! Not a sudden increase! Anything upward is worth more, but not so sudden!

It is impossible to make it happen like the fiat currency does. Then, just trade the fiat currency on if you want a stable price.

mk4

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Quote from: zygyfth on August 17, 2018, 10:46:17 AM

Quote from: mmo_online_1981 on August 17, 2018, 08:54:11 AM

I want the price of bitcoin to be stable! Not a sudden increase! Anything upward is worth more, but not so sudden!

Bitcoin can't be stable... As a matter of fact bitcoin is a crypto, so even if we wanted bitcoin to have a fix price we can't do a thing. What we can do is to put tryst in the bitcoin crypto to regain its high price.

Bitcoin can definitely be stable. It's just going to need time. Yes, we can't have a fixed price, but it's possible for us to reach to a point where the price swings are so small that they pretty much don't matter that much anymore. Similar to gold.

raghovsing34

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Quote from: mmo_online_1981 on August 17, 2018, 08:54:11 AM

I want the price of bitcoin to be stable! Not a sudden increase! Anything upward is worth more, but not so sudden!

Yeah it is true we need stable price of Bitcoin. Cause if Bitcoin sudden pump all altcoin want down.Also if Bitcoin sudden dump all altcoin want dump. So we need stable price of Bitcoin.

ralph_0608

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Quote from: mmo_online_1981 on August 17, 2018, 08:54:11 AM

I want the price of bitcoin to be stable! Not a sudden increase! Anything upward is worth more, but not so sudden!

I agree. quick move upward may result to a heavy sell out afterwards much better if movent is gradual or little by little as this is a real upward buying force while sudden increasevin price may cause only pump and dump strategy of some whales to gsin quick profit and lure newbie investor.

xWolfx

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Quote from: mmo_online_1981 on August 17, 2018, 08:54:11 AM

I want the price of bitcoin to be stable! Not a sudden increase! Anything upward is worth more, but not so sudden!

I believe(and i'm sure inside my mind) that the time will come. But i have no idea how much it will take to reach that point.

Meanwhile it's not that bad since it can be used to get profits out of it until it stabilizes and we can start using it for everyday money without any problem at all.

Will that make fiat money disappear? I don't think so. Just like television didn't make theaters disappear. There is a lot of people in this world and so different their interests and belief that there is space for everything. Especially in the future, world population number grows daily.

anilsaini.jaipur

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No it will not reach 7k today itself. It is currently at 6.5k and to reach 7k it need to break 6.8k level with a huge volume and that does not seem the case today. So just wait and you will see a downtrend soon.

pat4cryptoreal

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When I saw the topic of this post I rush to check the coinmarketcap in order to confirm the magic that will just take place within two hours that I check the coinmarketcap last. Cryptocurrency market is not a systematically program platform that we can easily use the occurrence of last year to predict what will happen this year. Simple because the price appreciated toward the end of last year does not means the same thing will happen this year.

killerfrost

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Right. Bitcoin has returned $ 7000. Bitcoin market is gradually stabilizing and going straight. Investors can be assured of bitcoin storage.

cetald

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On the ETF, you should not count. The ETF will not be accepted soon. The market needs other growth drivers. You need to wait. Perhaps there will be other, completely different reasons for growth.

Ryker1

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Quote from: korean1999 on August 17, 2018, 09:33:36 AM

i don't think so, but by the end of this month or next month bitcoin will back to 7.000$. And also, what we need is not always what we get so don't keep your hope for those.

I agree, I also think that a sudden increase like that is a bit hard, it's pretty stable to $6,000 right now, and we still don't know if it will go down. We can't assume that it will increase just like that easily, maybe in the end of the month Bitcoin, might hit $7,000 or even higher, but today it's a bit hard.

flowers5

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$7,000 is possible if we get a solid run going. Once the buys come in BTC can move hard in one direction or the other. I feel like we are at a bit of a cross roads here and the move up or down is going to be large. Just not sure which one it's going to be yet.

zygyfth

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Quote from: mmo_online_1981 on August 17, 2018, 08:54:11 AM

I want the price of bitcoin to be stable! Not a sudden increase! Anything upward is worth more, but not so sudden!

Bitcoin can't be stable... As a matter of fact bitcoin is a crypto, so even if we wanted bitcoin to have a fix price we can't do a thing. What we can do is to put tryst in the bitcoin crypto to regain its high price.

raging-creeper

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No way are we going over 7k today. If we get a good run we may get there by next week however the dreaded weekend is upon us. I'm waiting for the crash back down.

MadaraAvenger

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Could be posible but I have a feeling that it will not surpass the 7k range and could fall down again, I'm not good at reading charts but this seems kinda easy to find out what is next. Also I have read so many articles of bitcoin going down/up and this got me confused.

ntarah langger

newbie

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quite impressive, but will this last?
I hope so, because to be honest now I have felt frustrated with the market situation.

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