Can bitcoin break the $8000 margin before month end? - page 3.

harizen

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Quote from: Bigbay on July 20, 2018, 03:23:30 AM

According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.

All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon. Cool

I don't considered a few days duration of price increase as stability. It's a good sign but still can be spoiled.

Lots of times that a certain target for let's say $6,000, $7,000, $8,000 etc. are being speculated to happened and the basis is the current price movement, Im not really like that since how can we take this as basis. Let the price move as it is because even how good speculation is, it can be ruined once a certain situation happened like hacked exchanges, sudden price decrease that can trigger the others to dumped also etc.

Surely bitcoin price will breached again the $8,000+ price level but for when, no one knows so better just watched and don't mind finding a technical analysis about it.

Mugtaiya

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It is @7300 and dropping so it is hard to see sub $8000 within less then 2 weeks from now.

richan

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For more than one week to end this month, I think bitcoins can break the 8000 USD price and even enter 9000 if there is bull run as it happened in the last quarter of 2017. 8000 is not far aware from its current price and strongly believe it is possible.

puremage111

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Quote from: Bigbay on July 20, 2018, 03:23:30 AM

According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.

All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon. Cool

Before the month end hmmm
Seeing the reversal got paused awhile and ranging within the $7500-7700 shall be good to show that one more breakout on 7.7k would result us $8,000 i believe
Lets go

Ararbermas

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There a possibility i think, 'cause the current price as of now is too close on the estimated value, so probably it's not impossible to reach before this month end. However we should not expect more on this slight progress of market 'cause anytime there's a tends it will collapse suddenly again due to some causes that always occur without knowing.

aoluain

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The markets seem all of a sudden to be a bit tentative hovering below $7000.
As we get closer to the expected decision date in August for ETF the speculation
should become greater so the prices should go that way also.

I believe the markets will gain more traction as speculation increases.

teilwalL05

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We can see the $8000 dollar mark if the price keeps on stable on going up, But when another manipulation occur, or negative news spread about some hackers busting another exchange then a pump will sure not happen, But the possibility for bitcoin too always break the barrier is always there and it will still keeps on continuing on the years to come, That we can see higher value than this and we can see another All Time High someday.

BrewMaster

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There is trouble abrewing

in order to rise another $500-$600 in the following 10 days we don't really need ETF approval, it can actually happen a lot easier than that without any hype even. there is enough demand and buys happening these days that this rise can easily happen. the problem is the sells, and not just random people selling but a bear whale dumping large amounts because he doesn't want to believe his time is over.

cellard

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$8000 is not even that relevant, we just need to break through $7800 which is the next long term resistance ceiling as seen by the line crossing all the previous peaks of the past 6 months. If we break this, then chain reaction kicks in and we break through $8000 which will make it keep going higher. The ETF will only speed up this process, but it seems to be sealed already nonetheless. I see a lot of people in governments nervous lately FUDding hard. They may sense a big rise happening soon. This one was hilarious:

https://www.trustnodes.com/2018/07/19/congressman-brad-sherman-asks-cryptonian-stop-exposing-hypocrisy

htsz_da12

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At the end of July, if the BTC can stand at $8,000, it will certainly be beneficial for the later encryption market, which may be hyped as the price of BTC rises.

thecodebear

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Quote from: Bigbay on July 20, 2018, 03:23:30 AM

According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.

All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon. Cool

maybe.

dothebeats

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Quote from: 1Referee on July 20, 2018, 07:06:53 AM

Quote from: davis196 on July 20, 2018, 06:35:20 AM

There`s something strange with the current btc price increase.The major altcoins,such as ethereum aren`t following the btc price movement.Perhaps lots of people are selling their altcoins,just to buy bitcoin.This is kinda bad for the crypto community,because the price growth isn`t "funded" by an army of newcomers.There aren`t any new money coming into the cryptomarkets.

The idea of new money flowing in this ecosystem is not real, or at least, not in the way people think it is. If a certain coin looks more profitable in the short term, the only thing that's happening is capital shifting from one (less profitable) coin to the other (more profitable) coin, and this isn't anything new. It has been happening for years.

And why should there any new money be pumped into altcoins? The only altcoin worthy of an increase due to its developments is XRP, but the market doesn't seem to care, so it's going down as well.

I beg to differ. While market capitalization per se doesn't do much at all, it gives us some insight on the aggregate of how much money is in a certain market. 2013's conditions, and money available to the whole crypto-economy isn't the same as 2017 and 2018, so there literally has an influx of new money that came in the market and not just capital shifting from one coin to another. Right now it could be the case, but everyday, new money is flowing in the cryptomarkets albeit hardly unnoticed. You can't say that small, newbie buys aren't new money flowing as it still contributes on the overall number, just somewhat not a head-turner like large deposits/balances being poured as we define it.

1Referee

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Quote from: davis196 on July 20, 2018, 06:35:20 AM

There`s something strange with the current btc price increase.The major altcoins,such as ethereum aren`t following the btc price movement.Perhaps lots of people are selling their altcoins,just to buy bitcoin.This is kinda bad for the crypto community,because the price growth isn`t "funded" by an army of newcomers.There aren`t any new money coming into the cryptomarkets.

The idea of new money flowing in this ecosystem is not real, or at least, not in the way people think it is. If a certain coin looks more profitable in the short term, the only thing that's happening is capital shifting from one (less profitable) coin to the other (more profitable) coin, and this isn't anything new. It has been happening for years.

And why should there any new money be pumped into altcoins? The only altcoin worthy of an increase due to its developments is XRP, but the market doesn't seem to care, so it's going down as well.

carlisle1

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Quote from: Bigbay on July 20, 2018, 03:23:30 AM

According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.

All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon. Cool

Strategists is different from speculators so that man whos a strategist now giving speculation about the bitcoin price movement.yeah we have seen an$7,000 breaking and now its closer to $7,500 meaning just a few steps away tp $8,000 .what the waiting for this value?are you going out and leave crypto for good?

Dr.Osh

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Quote from: davis196 on July 20, 2018, 06:35:20 AM

There`s something strange with the current btc price increase.The major altcoins,such as ethereum aren`t following the btc price movement.Perhaps lots of people are selling their altcoins,just to buy bitcoin.This is kinda bad for the crypto community,because the price growth isn`t "funded" by an army of newcomers.There aren`t any new money coming into the cryptomarkets.

I do not know, but it is probable that bitcoin can penetrate that price. today bitcoin prices show a significant price increase. but somehow altcoin does not experience the same thing .. maybe this is caused by decreasing ETH price. but, for bitcoin prices, I think the price could reach $8k by the end of the month.

davis196

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There`s something strange with the current btc price increase.The major altcoins,such as ethereum aren`t following the btc price movement.Perhaps lots of people are selling their altcoins,just to buy bitcoin.This is kinda bad for the crypto community,because the price growth isn`t "funded" by an army of newcomers.There aren`t any new money coming into the cryptomarkets.

boyptc

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Quote from: reactorjuno on July 20, 2018, 06:02:15 AM

Oh... nothing is impossible... Bitcoin could go from 7k to 8k in 24 hours, we have seen this a few already in the last 12 months.

This was proven from the recent pump that we've seen not only this week.

Quote from: Bigbay on July 20, 2018, 03:23:30 AM

the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

The fact that bitcoin has always the potential to move upward and downward.

Sony.UK

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This month I will expect 9k USD on end of month so we should invest soon we will get good profit in short term. Because currently many investors are buying the Bitcoin and altcoin so this will raise slowly in Crypto market.
But right now majority of peoples are believe the Crypto potential and some countries also discuss the legalization of Cryptocurrency so this is good positive response of Bitcoin.

1Referee

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If the believe in an ETF is there, it will boost through $8000 before the end of the month for sure. If the recent increase was just whale play, which is certainly possible, we will either fall back down or form a new longer term range between $7000-$8000. I think both scenarios are bullish enough to satisfy people for now. In the end everything is better than seeing the price fall under the $6000 level again.

Quote from: El duderino_ on July 20, 2018, 04:36:21 AM

but would etf already approve ...?

Only the SEC knows. Everything is set up the way it should be set up legally, and there practically is no reason to reject it other than them not willing to see Bitcoin grow further.

reactorjuno

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Quote from: lablab03 on July 20, 2018, 05:49:27 AM

In my opinion its impossible before this month end, because the market performance as now is like a beat of heart which is constantly up and down time on time . So maybe it's impossible for now unless if the performance change after days or two because it's so difficult to predict where to go.

Oh... nothing is impossible... Bitcoin could go from 7k to 8k in 24 hours, we have seen this a few already in the last 12 months.

Topic: Can bitcoin break the $8000 margin before month end? - page 3. (Read 456 times)