Topic: Is $6000 to $7000 the stable price for bitcoin? - page 6. (Read 1063 times)

There is no stable price for the bitcoin But I hope the stable price become 10k dollars but until now after 2 weeks the price is still 6k dollars but I expeceted before end of this month maybe 7k dollars is good even 3 days only will end of september.

BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.

Bitcoin isn't meant to be stable nor meant to be controlled artificially. If we allow them to keep it at that price range nothing will prevent them from pulling it further below.
They could even use this to push the price of other Cryptocurrencies up while holding Bitcoin down and then eventually helping to rank rival Cryptocurrencies above Bitcoin. We just sit and watch.

It is certainly possible that Bitcoin takes a step lower and breaks down through the ~6000-level support it's held all year, thus continuing and deepening the bear market, but that seems extremely unlikely at this point. Bear market means the price is moving down, the price is no longer moving down as the lower-highs have ended at ~7400 meaning their is nowhere for the highs to drop to since the support is ~6000, so we are now stuck in that range until the market is done shifting and the next bull market starts.

No the price won't simply stay stable at $6-$7k. Just like in 2015 it didn't permanently stay at $200-$300. The Bitcoin market is still very small and it is still very early in the game. A long term stable price of Bitcoin will likely be closer to $600k-$700k than $6k-$7k. There is zero doubt that we are in a short term shift from bear market to bull market (if indeed the bear market is now over, which seems very likely) and within a few months $6xxx prices will be long forgotten.

If you look at the last shift from bear to bull, it took the first 10 months of 2015 to make this shift. Right now we seem to be only 3 weeks into this period. Now I don't think we need to have any fear of this stable period lasting anywhere near 10 months. The last bear market was much longer than this one (13 months compared to 9 months) and there was nothing significant to pull Bitcoin off the bottom and start the next bull market back then. Bitcoin was much less well known, was not in the news constantly as it is now. Now we have Wall St firms preparing Bitcoin services, including major consumer company backed services like how Microsoft and Starbucks are backing the NYSE parent company's exchange that is supposed to hit in November. We have ETF decisions looming every so often that will eventually be passed, we have regulations being worked on by governments, we have Coinbase going after institutional investors, and overall there is just far more interest and attention on Bitcoin than in 2015 the last time Bitcoin entered this period. So yeah I think it is likely that we'll see a break above the last lower high of ~7400 and see the next bull market starting by end of the year, or at latest early next year.

I wouldn't say that the bear market is over. There's a lot of traps going on right now, so its likely the price could really stay at the $6K-$7K for all we know. I do hope that November will be different as we are all tired of seeing this bullish trend. I understand that 2017 is different, but at some point we need to have a break out run and hopefully November can be the start and see the price to at least touch 5 digit mark at the end of the year.

If by stable price the OP means for the next month or two then yes. Obviously not for the long term. The price will only stabilize when the market has been saturated (user adoption is close to its full rate), that could easily take another decade of growth to happen.

The price is stabilizing right now because the bear market is over and we are at the in-between point between bear and bull markets. This seems to have started at the beginning of this month after the last lower-high of the bear market at ~7400.  Likely Bitcoin will trade within this range between that last lower-high and the bottom around 6000. This might last a couple months or it might as long as to the beginning of next year. Only time will tell. My guess would be that November will signal the breakout and the slow start of the next bull market and we'll see a rise above 7500 to break the pattern of lower highs that has happened all year by the end of November and will see $8xxx Bitcoin by end of year. So it's stable in the short to medium term (2 - 6 months) because we have entered the period between the bear and the next bull market.

One event that could spark the end of this stable period and begin the next bull market that I've seen mentioned is that the parent company of the NYSE will open their Bitcoin exchange in November. This will be the first major step of a Wall St firm opening up Bitcoin services. If this next bull market is gonna be driven by Wall St finally entering Bitcoin November will likely signal the start of it. The short term stable price of Bitcoin has its days numbered and will likely be over by the end of the year.

6000$-7000$ is stable price from last some months. 7000$ was highest price in 2 months ago but at the moment i think 6000$+ will stable this year.
I think this is medium stable price range. BTC dominance still good even most of the coin price high in btc pair.

$6,000 to $7,000 range is low for bitcoin stable price. Bitcoin blockchain offers great and revolutionary applications in today's system. We just have to wait until its capability has been fully harness. So bitcoin's price should be way higher than the said range. It is just the market is in the recovery period that is why it is stabilizing at this range.

Because the price of bitcoin is fluctuating or always changes at any time we cannot ensure the stable price because it can be one day bitcoin will rise or fall until we ourselves do not believe

truth and whenever we have this type of discussion we end up entering another theme as: "Gold is better than bitcoin" and another person poses things like: "another has value and bitcoin and just something speculative" and the discussion does not end well. The reality is that this type of post always ends up causing controversy


This is because there is not much demand, and we do not have much demand because we do not have good news capable of creating conditions for a big price increase


maybe


 

We may see another speculative upthrust of the crypto market value very soon, but I agree it would have been better if the market grows slowly, steadily and in a proper way. There won't be a stable price but there can be a stable range for a time period and as people adopt it, the market will grow. So for me yes this range seems to be a stable one and I think it's genuine and not a result of any speculative hike.

it can be said that because this has happened since the past 4 months, but according to the analysis of the stability experts will change in March 2019, we will see later

Looking pretty much stable if you look at the graph. Taking into account that people and analytics are waiting for crypto boost in some time now. Due to good news that are being waited by the end of the year. Such as Bakkt opening and ETFs we might as well see increase in price of cryptos.

I guess so, the price of bitcoin has been fluctuating between 6000 and 7000 over the last months or so. On 2017, the price is around 6000 before the bull run starts. I am sure the bull run will come back again, and it is a great time to invest now. However, the buying slot is a bit weak compare to 2017, so the surge may not happen in 2018, but still not so bad to hold some in advance.

Looking at the trend bitcoin took for the last few months, i think 6K seems to be a stable price.

As we see bitcoin normalized at this level, moving steady, not growing so much more yet not plunging any further too.  And if you ask me, 6K does not sound so bad compared to the previous years. I think i will be happy to have a steady 6K rather than an erratic price movement that explodes and implodes as it wishes. Shooting to moon is of course a welcome event anytime, yet, to realize that 6K can bring good fortune already should we decide to thread the market more carefully, investing a bit for a long term and day trading some to profit enough and sustain our needs till the bull starts running!

In the cryptocurrency market, one asset that has a stable price is USDT and the rest doesn't have a stable price. Most likely when there is something that makes investors interested in returning to invest, the price of cryptocurrency will rise drastically and might otherwise. Like now the price of bitcoin is traded at a price of $ 6500, but after that if something comes to the cryptocurrency it will quickly change whether it is increasing or decreasing.

We want Bitcoin to have a place and voice around the world and Bitcoin is doing that with a stable $ 6000. I think Bitcoin will keep at 6k as a leap forward and raise prices in early 2019, not the end of 2018, as many experts predict. This year the bear market has not been restored as many people would like.

I agree with you . The most stable price for bitcoin this year ranges from $ 6,000 to $ 7,000. It is a very reasonable price for investors to invest in. But this does not mean that its price will be at this level. I believe it will increase to reach higher milestones in the coming months. This is a stable and safe price for investors to buy at the moment.

For now. It changes every so often. It was stable at $10k a while back, then $8k, and now at $6k-ish. I know saying it changes a lot and that it's stable is contradictory, but you know what I mean. Bitcoin's market value doesn't play under the same rules as traditional assets lol.

If you're asking about the support level though, ~$6k is still a good number. The lowest Bitcoin has gotten this year (and the only time it went below $6k) was around $5.8k I believe, and that was only for a few hours.

Well Bitcoin isn't a stablecoin, but BTC definitely has some serious resistance below the $6000 mark, likely because this is the point at which BTC started to grow incredibly last year. We have seen BTC fluctuate between $6000 and about $7500 for the last 6 months, so it would be a reasonable assumption to believe that there are strong forces keeping the price above $6000 and below $8000.