Bitcoin Price Breaks $7,000 After 4% Gain, Crypto Market Adds $12 Billion

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: HE[A]RTLESS on August 30, 2018, 08:50:53 AM

Quote from: bintangkejoraku on August 29, 2018, 09:47:14 PM

many people are happy with the increase in bitcoin prices, including myself. but I'm still not too sure if the price of bitcoin is fully recovered. Bitcoin prices can go down anytime Roll Eyes

BTC drop down too fast today drop to 6.8K

So it means that the $7K didn't hold, day traders take advantage of the situations and manipulators doing their thing again. Yesterday I said that it might be a bull trap so its probably is. Now, the only thing to do is see if this market will react differently, or will it panic causing it to go back down around $6500. So sorry to say but its a false positives and no imminent bull run is on the horizon. To be fair though, its not just bitcoin who went down today, but all coins as well. Not a good indication.

Ferris419

hero member

Activity: 1008

Merit: 501

Quote from: bintangkejoraku on August 29, 2018, 09:47:14 PM

many people are happy with the increase in bitcoin prices, including myself. but I'm still not too sure if the price of bitcoin is fully recovered. Bitcoin prices can go down anytime Roll Eyes

Increasing and decreasing is normal for cryptocurrency. We should feel excited and believe in the market because of the tendency to go up every day. Looking at the market today there has been a slight correction and prices are dropping by 3-5%. But in the next few days I am sure the market will continue to grow and green

HE[A]RTLESS

newbie

Activity: 42

Merit: 0

Quote from: bintangkejoraku on August 29, 2018, 09:47:14 PM

many people are happy with the increase in bitcoin prices, including myself. but I'm still not too sure if the price of bitcoin is fully recovered. Bitcoin prices can go down anytime Roll Eyes

BTC drop down too fast today drop to 6.8K

honghe99

member

Activity: 406

Merit: 10

Buy, sell and store real cryptocurrencies

Yes, although Bitcoin has begun to rise gradually, its price will always start to rebound whenever Bitcoin approaches $7000. Can anyone explain why?

Idrisu

sr. member

Activity: 924

Merit: 260

Bitcoin is making some connections now and we do expect a resumption of bullish trend very soon as the volume are increasing. Trading activities are also increasing across most of the major exchanges and we hope to see more positive events before end of the year.

bintangkejoraku

jr. member

Activity: 262

Merit: 1

https://saturn.black

many people are happy with the increase in bitcoin prices, including myself. but I'm still not too sure if the price of bitcoin is fully recovered. Bitcoin prices can go down anytime Roll Eyes

HE[A]RTLESS

newbie

Activity: 42

Merit: 0

Quote from: Kemarit on August 29, 2018, 12:40:24 PM

Quote from: tomahawk9 on August 29, 2018, 11:38:24 AM

Quote from: peter0425 on August 28, 2018, 11:05:50 AM

Quote from: tomahawk9 on August 28, 2018, 10:59:37 AM

Quote from: vlad230 on August 28, 2018, 09:44:14 AM

Do you have any news on what was the catalyst for this switch to a bull market?

We've been in the accumulation phase for quite a while, it was a matter of time before the bulls triggered a new btc rally. Still, it's too early to say if we're currently in a bull market, though if the 7k holds for a few days or more, a bullish trend might kick in very soon.

We only need to stay above the the last resistance level, or at least around the 7k levels if we want to see some bullish movements in the upcoming days/weeks.

Right, accumulation or consolidation in the last 3 weeks or so. That's why if everyone have noticed, bitcoin is trading sideways, indicative that something is brewing, - either bullish or bearish. Glad though that the we make a sudden break out and see the price goes to $7K at this moment. So it means that a new trend has emerge and its going to be interesting to see in the coming days if this trend's gonna hold or break apart again.

I'm still not completely sold on this sudden increase in the price, so I find it hard to say that a new trend has started, just my opinion. It just looks like we're at the mercy of the whales, and it seems like some whales don't want to see 7k just yet.

We just a dump which took us from 7100 to the high 6.9k, looks like we're gonna test the 7k barrier again, hopefully, this time it'll hold for a few more days so we can continue that slow uptrend movement.

Exactly, I don't think that it will hold at $7000 because some are pushing the sell button. So I wouldn't call this a new trend, but market manipulators are playing us again, Might be a bull trap or something so I'm not expecting any sharp growth unless we break th resistance on $7000 and move past $7300 at least. Need more time to see where the price will take us again, its barely end of the month, but at least it will be good entering September around the $6900-$7000 price range.

if not have bad news before ETF maybe in next month can hit 8k.

but i think it going around 7.5K and drop down

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: tomahawk9 on August 29, 2018, 11:38:24 AM

Quote from: peter0425 on August 28, 2018, 11:05:50 AM

Quote from: tomahawk9 on August 28, 2018, 10:59:37 AM

Quote from: vlad230 on August 28, 2018, 09:44:14 AM

Do you have any news on what was the catalyst for this switch to a bull market?

We've been in the accumulation phase for quite a while, it was a matter of time before the bulls triggered a new btc rally. Still, it's too early to say if we're currently in a bull market, though if the 7k holds for a few days or more, a bullish trend might kick in very soon.

We only need to stay above the the last resistance level, or at least around the 7k levels if we want to see some bullish movements in the upcoming days/weeks.

Right, accumulation or consolidation in the last 3 weeks or so. That's why if everyone have noticed, bitcoin is trading sideways, indicative that something is brewing, - either bullish or bearish. Glad though that the we make a sudden break out and see the price goes to $7K at this moment. So it means that a new trend has emerge and its going to be interesting to see in the coming days if this trend's gonna hold or break apart again.

I'm still not completely sold on this sudden increase in the price, so I find it hard to say that a new trend has started, just my opinion. It just looks like we're at the mercy of the whales, and it seems like some whales don't want to see 7k just yet.

We just a dump which took us from 7100 to the high 6.9k, looks like we're gonna test the 7k barrier again, hopefully, this time it'll hold for a few more days so we can continue that slow uptrend movement.

Exactly, I don't think that it will hold at $7000 because some are pushing the sell button. So I wouldn't call this a new trend, but market manipulators are playing us again, Might be a bull trap or something so I'm not expecting any sharp growth unless we break th resistance on $7000 and move past $7300 at least. Need more time to see where the price will take us again, its barely end of the month, but at least it will be good entering September around the $6900-$7000 price range.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: peter0425 on August 28, 2018, 11:05:50 AM

Quote from: tomahawk9 on August 28, 2018, 10:59:37 AM

Quote from: vlad230 on August 28, 2018, 09:44:14 AM

Do you have any news on what was the catalyst for this switch to a bull market?

We've been in the accumulation phase for quite a while, it was a matter of time before the bulls triggered a new btc rally. Still, it's too early to say if we're currently in a bull market, though if the 7k holds for a few days or more, a bullish trend might kick in very soon.

We only need to stay above the the last resistance level, or at least around the 7k levels if we want to see some bullish movements in the upcoming days/weeks.

Right, accumulation or consolidation in the last 3 weeks or so. That's why if everyone have noticed, bitcoin is trading sideways, indicative that something is brewing, - either bullish or bearish. Glad though that the we make a sudden break out and see the price goes to $7K at this moment. So it means that a new trend has emerge and its going to be interesting to see in the coming days if this trend's gonna hold or break apart again.

I'm still not completely sold on this sudden increase in the price, so I find it hard to say that a new trend has started, just my opinion. It just looks like we're at the mercy of the whales, and it seems like some whales don't want to see 7k just yet.

We just a dump which took us from 7100 to the high 6.9k, looks like we're gonna test the 7k barrier again, hopefully, this time it'll hold for a few more days so we can continue that slow uptrend movement.

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: BrewMaster on August 28, 2018, 10:16:33 AM

...
if this trend continues we can see higher prices before the ETF nonsense begins again although i don't know how effecting it is going to be this time after so many ETFs rejected already!

I think it is too early to call this a trend. The BTC price may have
crossed the 7000 $ barrier, but it isn´t clear whether it will be able
to stay at these levels at all (in fact BTC dropped to ~6950 $ right now).

It is entirely possible that this was just a small price rise to squeeze some shorts
on BitMEX or Bitfinex. In my opinion it is pretty suspicious that we always see these
price increases just when short positions are reaching pretty high levels at these
platforms.

alexgreen2018

newbie

Activity: 84

Merit: 0

This just seems a false breakout. We will need to see if bitcoin becomes stable over 7k. It needs to hold this level for few more days so that we are sure of a reversal. Till then its still risky to trade and invest.

maskeffec

sr. member

Activity: 532

Merit: 250

I think this is general news and we have often heard it, because we have all been waiting for the return of the bull to return the loss after the market falls. This is just a small pump in the price of Bitcoin and for me, we are still in the bear market. There are no signs of a trend reversal. I see no sign that we will enter the bull market.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: GhostWithin on August 28, 2018, 09:47:25 AM

So what? What is surprising about this news?
One of these days the rate will decrease to $ 6500- $ 6700. And then again there will be growth.
And this has been going on for a very long time ...

There is nothing to be surprise about the market gaining some increase in price because this not the first time and it won't be the last time but for those that bought during the all ATH they will pray that the price keeping on increasing.
@OP, base on fundamental analysis. I'm not amaze to see some pump in price of the market because it also does and this is the begining just wait till it September.

BlockchainGod

full member

Activity: 322

Merit: 100

This is a good sign. I think we expect a bullish short-term trend, but only a short-term one..... Bitcoin is still too weak to reach a new ATH

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: tomahawk9 on August 28, 2018, 10:59:37 AM

Quote from: vlad230 on August 28, 2018, 09:44:14 AM

Do you have any news on what was the catalyst for this switch to a bull market?

We've been in the accumulation phase for quite a while, it was a matter of time before the bulls triggered a new btc rally. Still, it's too early to say if we're currently in a bull market, though if the 7k holds for a few days or more, a bullish trend might kick in very soon.

We only need to stay above the the last resistance level, or at least around the 7k levels if we want to see some bullish movements in the upcoming days/weeks.

Right, accumulation or consolidation in the last 3 weeks or so. That's why if everyone have noticed, bitcoin is trading sideways, indicative that something is brewing, - either bullish or bearish. Glad though that the we make a sudden break out and see the price goes to $7K at this moment. So it means that a new trend has emerge and its going to be interesting to see in the coming days if this trend's gonna hold or break apart again.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: vlad230 on August 28, 2018, 09:44:14 AM

Do you have any news on what was the catalyst for this switch to a bull market?

We've been in the accumulation phase for quite a while, it was a matter of time before the bulls triggered a new btc rally. Still, it's too early to say if we're currently in a bull market, though if the 7k holds for a few days or more, a bullish trend might kick in very soon.

We only need to stay above the the last resistance level, or at least around the 7k levels if we want to see some bullish movements in the upcoming days/weeks.

mojo2208

newbie

Activity: 194

Merit: 0

finally we have waited for this! After so much time of decline in the market. Growth began! Hooray ! Friends! Grin

gunhell16

hero member

Activity: 1904

Merit: 541

Thus will be a bog chance for everyone...
Btc starts to grow and this is a big break.
Why is that? Btc is everything look at the market...
Everything change promise

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

breaking the $7k resistance was a good sign and it happened pretty smoothly but at the same time with a very slow pace. and i believe it is all a good sign showing that weak hands and FOMO buyers aren't completely back to the market yet so we can expect no panic sells either.
if this trend continues we can see higher prices before the ETF nonsense begins again although i don't know how effecting it is going to be this time after so many ETFs rejected already!

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: LogitechMouse on August 28, 2018, 09:57:58 AM

we are still in the bear market.

I also do not think that the market has gone bullish until I see the price crossing $8,000.It got to $8,000 four months ago before retracing to $5,500 last two months. So I won't just conclude at the moment that we entered a bull trend.

Topic: Bitcoin Price Breaks $7,000 After 4% Gain, Crypto Market Adds $12 Billion (Read 322 times)