Topic: Bitcoin Could Hit The $6,000 Benchmark Soon (Read 592 times)
When the price was at $3000, experts were saying that once we hit $5000, then the bull run has been confirmed. We were able to reach that $5000 and nobody said anything about it and from there we got to $6000 and now we are currently at $8000 and looking at $8,5000 if it's going to happen anytime. Isn't the bull run confirmed yet? Or are they going to continue the same thing and keep saying it will be confirmed at $10,000? Cause that's what I have been seeing in the forum today, some are saying it will reach $10,000 to be confirmed it is bull. Funny I don't even have time for all that, I'm just happy that I already invested and making profit, so even if it stops at $8000 I'm good with it.
Bitcoin hit 6000$, is now possible to grow more or will go down, what do you think? Now is only 7700$+, maybe will grow again later but i want to know what do you think.
At the moment the price of bitcoin stands close to $8010. The price rally is predicted to continue, and further this could touch $8500 soon because the price of bitcoin has already touched $8250+ value. People have been speculating of price reaching $6500 by which we've reached $8000+ value which is truly a good indication of the market for a perfect bull run.
Bitcoin hit 6000$, is now possible to grow more or will go down, what do you think? Now is only 7700$+, maybe will grow again later but i want to know what do you think.
That difference in prices seen everywhere underlines why the smooth flat number of 6000 is not as significant as it first appears. Every exchange is varying at least slightly in its quoted price even for the same currency. Then if you introduce the differences that come with time and location and every countries different FIAT currency to exchange to BTC then definitely its not ever an even price quoted around the world.
Any resistance or fall back before 6000 is probably worth buying on that simple point, that its uneven and gives way eventually so long as no greater reason to sell exists then orders being easier to type for 6000 then other price points. I would guess we go to 6200 or 6300 area for better reasons of long term trends, prices change over time
Any resistance or fall back before 6000 is probably worth buying on that simple point, that its uneven and gives way eventually so long as no greater reason to sell exists then orders being easier to type for 6000 then other price points. I would guess we go to 6200 or 6300 area for better reasons of long term trends, prices change over time
The price of Bitcoin has exceeded 6000USD and now we are trying to reach a much higher level, I am very confident that in the next few weeks we will reach the position of 7000USD. So this is an opportunity to buy Bitcoin and I'm sure we all who believe in Bitcoin will be able to gain a number of benefits. This is an easy way compared to other investments in the world. So why do we have to let go of this opportunity, let's think smart because the opportunities are so great.
Sorry mate, using coinmarket record, I don’t think bitcoin has yet broken that resistance, it has been really struggling to break it for some days now, although I believe that it won’t be too long before it successfully breaks it, but I dint think your news of breaking it already is accurate. We still need very strong push from the BULLS to enforce the price value of $6000 on the market that will be a sustainable ones, because one thing is to cross to $6000, anther things is for the community to be strong to keep the value at that price pending when it gains more increase that would prepare it for the next value.
The price of Bitcoin has exceeded 6000USD and now we are trying to reach a much higher level, I am very confident that in the next few weeks we will reach the position of 7000USD. So this is an opportunity to buy Bitcoin and I'm sure we all who believe in Bitcoin will be able to gain a number of benefits. This is an easy way compared to other investments in the world. So why do we have to let go of this opportunity, let's think smart because the opportunities are so great.
We are not that far away from 6 thousand dollars so this is not really a news worthy thing. Of course we will hit 6 thousand dollars soon, the market clearly shows that the bulls are back and we have been trying to test over 6 thousand dollars for a week now (even two weeks if you consider last weeks rally too) and we have been making the support line higher and higher which means after we test to break the 6 thousand dollars we do not go back down too much, we go back down a bit which makes it easier to test 6 thousand once again and we repeat that constantly.
Eventually we will be right at 6 thousand dollars testing to break it and it will break since there is no way it can stand for too long. What happens afterwards will be the important part, if it goes back down then that is an issue but if not then we are looking really good for even higher prices.
Eventually we will be right at 6 thousand dollars testing to break it and it will break since there is no way it can stand for too long. What happens afterwards will be the important part, if it goes back down then that is an issue but if not then we are looking really good for even higher prices.
Still very positive price action, see this chart from nictrades
Seems like despite the round number lumpy reaction prices can have sometimes, we are so positive because its a very good chance of going past to 6300 area as shown in the chart. I'm pretty surprised by that but also the way we pulled back to the 5100 area was very bullish and I thought that meant we had a good chance to go higher.
The chart not hitting resistance in this area I do find quite surprising as it was quite significant support on the way down so I was expecting more of a fight, more push back before going higher. However I could be out of step on how much volume is buying into BTC
I think these are medium term type predictions rather then just immediate pricing
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Seems like despite the round number lumpy reaction prices can have sometimes, we are so positive because its a very good chance of going past to 6300 area as shown in the chart. I'm pretty surprised by that but also the way we pulled back to the 5100 area was very bullish and I thought that meant we had a good chance to go higher.
The chart not hitting resistance in this area I do find quite surprising as it was quite significant support on the way down so I was expecting more of a fight, more push back before going higher. However I could be out of step on how much volume is buying into BTC
I think these are medium term type predictions rather then just immediate pricing
Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.
But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.
So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.
Bitcoin's growth in Dec 2017 was as a result of strong fundamentals from the futures contract, it caused a rattling and rapid price elevation encouraged FOMO even to the clueless newbies joining the space. The leap to $20k in such a short period was great and consequentially the correction had to balance that off. I wouldn't exactly call it a bear market anymore as prices have improved without significant drops as many people had predicted. And yes, arguably, the hash war had a hand in the price drop last year.
Considering the upcoming halving and several small fundamentals and technical improvements, I'd say we are in a steady bull run, definitely not like that of 2017.
Of course not, why the fuck would it be like that of 2017 still a year before halving?
Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.
But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.
So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.
Bitcoin's growth in Dec 2017 was as a result of strong fundamentals from the futures contract, it caused a rattling and rapid price elevation encouraged FOMO even to the clueless newbies joining the space. The leap to $20k in such a short period was great and consequentially the correction had to balance that off. I wouldn't exactly call it a bear market anymore as prices have improved without significant drops as many people had predicted. And yes, arguably, the hash war had a hand in the price drop last year.
Considering the upcoming halving and several small fundamentals and technical improvements, I'd say we are in a steady bull run, definitely not like that of 2017.
Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.
But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.
So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.
Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.
Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
I have been seeing a lot of people that are making such a prediction about Bitcoin , a lot of people believes that the price is going to hit the $6000 rate before the end of this month of May. I also believe the same, and lots of analysis I have bee going through are making the same prediction about Bitcoin . With a market cap that is currently worth over hundred billion dollars, I know that is going to be achieved very soon. The price is already $5,786 per BTC. Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
Nothing is impossible, it could happen, successive increases in April to May, in the near future bitcoin will reach $ 6000. That's my prediction.
It's really possible, since the price of BTC now is at $5,900. If the hype will continue, it will reach $6k, Maybe this month or by June.
It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.
Bitfinex price is not a good indication as far as I know. Perhaps people are selling their Tether and moving funds to bitcoins so that they can get out that's why the price is at a premium, so not a good indication of bitcoin prices right now. And if you looked at https://coinmarketcap.com/exchanges/bitfinex/, it has an * on the BTC/USD, denoting that coinmarketcap is excluding its prices. So officially we haven't get to touch $6k.
With this news and it has already confirmed if people are selling their USDT for bitcoin https://news.bitcoin.com/new-york-prosecutors-demand-transparency-from-bitfinex-and-tether/
bitfinex and tether being targetted by prosecutors. that should be a good reason why more people will try to buy BTC.
Its pretty much at the mark however I see this as a great tide mark for over a years worth of movement in BTC pricing. Its a big meeting place of buyers and sellers and should mean alot more volume is occurring then normal for any other price
200 day in yellow is flattening out from its decline but is still not ready to rise right this moment
200 day in yellow is flattening out from its decline but is still not ready to rise right this moment
I don't know what the obsession with analysts is in crypto when they are all just guessing no better than we can. You don't need an analyst to tell you that $6k will happen soon. Bull market started April 1st on the spike to $5000. Price is now $5800. $6k should happen this month.
It can bring the price to $6k before this month will end, and with the current trend there's possibilities of making it much higher than that, still speculative guess where there's no assurance which can support the claim, having own analysis and believe that things will happen the soonest as it can be. It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.
Bitfinex price is not a good indication as far as I know. Perhaps people are selling their Tether and moving funds to bitcoins so that they can get out that's why the price is at a premium, so not a good indication of bitcoin prices right now. And if you looked at https://coinmarketcap.com/exchanges/bitfinex/, it has an * on the BTC/USD, denoting that coinmarketcap is excluding its prices. So officially we haven't get to touch $6k.
I don't know what the obsession with analysts is in crypto when they are all just guessing no better than we can. You don't need an analyst to tell you that $6k will happen soon. Bull market started April 1st on the spike to $5000. Price is now $5800. $6k should happen this month.
It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.
The market price of bitcoin on an average has come much close to $6000. At present the price of bitcoin is $5950, and with the same level of growth we can reach the $6000 milestone today itself. $6000 is truly a benchmark in the price growth of bitcoin, based on which the growth of bitcoin on the upcoming days or weeks can be predicted. 
Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.
Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
The price of Bitcoin will continue to increase and we will all feel the benefits. The price change is so positive and this is an indicator that crypto has experienced a drastic increase. The use of crypto has been widely spread and in the future the price of Bitcoin can reach a much higher level and can even exceed 20,000USD. I am optimistic that this will happen. Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
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