Topic: Now that bitcoin has crossed $6100, what are your thoughts? - page 3. (Read 562 times)
I'm starting to turn slightly bullish for the short to mid-term personally. Right now we're hovering right near $6050 and an earlier potential dump or downtrend today was bought back up. RSI on the daily is in the upper 70s right now, but RSI can stay very overbought and oversold for some time (example: November with RSI dipping into single digits on the daily). There's also plenty of people with longs that might take profit above where we currently are. I'm also uncertain where prices are going to go from this point on, though I'm still holding a part of a long from the mid 5000s. Might open up a small long here, but I'll probably just sit out for now.
Hopefully we get a period of FOMO & people start to panic buy, it’s be good for the price. 6k seems really bullish.
A huge fomo wave would be ideal if you're looking to cash out some profits in the short-term (since prices will skyrocket pretty fast), but in the long run, the weak hands/fomo buyers will crash the price by dumping at the first sign of a big correction. A FOMO rally can be a double-edged sword. 
How long was Bitcoin at 6k last time around? 6 weeks at least if I recall correctly. The consensus at the time was that of a solidifying levels, consolidating, accumulation, stabilisation, etc. All in preparation for the huge rally that never came. Of course, this is just 6 months ago and almost 100% up from 2019 lows.
My thoughts immediately? 6 months is too short in between for a giant staging.
My thoughts immediately? 6 months is too short in between for a giant staging.
Most of us in the disbelief phase right now. "This is just another suckers rally." It might be a "suckers rally" to be honest. To make sure it isn't, I need it to go above $6.5k. For now it looks bullish af.
If things go earlier than what we normally expect ($50-100k in 2021-2022, 1 year after the Halving), we may find ourselves looking at a $50k/coin price tag next year today just before the halvening.
If things go earlier than what we normally expect ($50-100k in 2021-2022, 1 year after the Halving), we may find ourselves looking at a $50k/coin price tag next year today just before the halvening.
Well, the price went down a little and now it's just a bit over 6000$. Although I'm happy that price is showing recovery signs I'm still not convinced this is the process that will continue. To my opinion in the next period of time price will still fluctuate between 5000$ and 6000$.
The very first weeks and months of 2018 was still good but the next months were too disappointing for most. And my thought to this scenario, it's lovely to see the market move up again and I'm sure that everyone is starting to pick their selling price.
Being optimistic, I'm looking to see higher price and it's likely to happen because we've been already up. Came from $3k up to $6k so that's already a 100% increase in total if bitcoin reaches $6300 soon.
Being optimistic, I'm looking to see higher price and it's likely to happen because we've been already up. Came from $3k up to $6k so that's already a 100% increase in total if bitcoin reaches $6300 soon.
Many investors that put in funds when the market was appreciating in 2017 and has been disappointed because of what happened in 2018 specially when bitcoin fall below $3200 are now been optimistic about the market and some of them are coming back into the cryptocurrencies market. New funds are coming in and that is why we are seeing market capitalization growing day by day.
I will like to said that the pattern of the prices'movement in 2017 is repeating itself again and this year is seems to be another bullish year. As a traders and cryptocurrencies enthusiast, what are your thoughts about the current happening in bitcoin pricing and other cryptocurrencies?
I will like to said that the pattern of the prices'movement in 2017 is repeating itself again and this year is seems to be another bullish year. As a traders and cryptocurrencies enthusiast, what are your thoughts about the current happening in bitcoin pricing and other cryptocurrencies?
In my opinion, the growth of bitcoin price happened because altcoins lost value so a transition of funds happened.
There are no new funds added in the market, just altcoins losing value over bitcoin. Maybe investors are afraid of something or it is just a move to push all the market go upwards by initiating an increase in the bitcoin price.
We will go higher maybe not so fastly but step by step its normal people want to buy, they always buy everything in high price its the same BTC but we will have much more investors when it will be 10k+ you can see that in everyday life most buy iPhone but there are much better phones and cheaper.
... what are your thoughts about the current happening in bitcoin pricing and other cryptocurrencies?
Hopefully, the current price happening will be the reason to regain back the confidence of those who got crashed coming from 2017 hype down to bloodbath market in 2018.
No doubt, that there is a vast number of people who hesitate to put money on crypto again because of the dominance of bear market that lasted over a year long.
The bearish market served as a lesson to others that crypto is not a quick rich scheme. Hope this time, these people should now also learned that crypto is volatile and putting money here requires knowledge.
Hope this increase will not lead into quick jump like what in 2017 where the increase is just purely because of hype. The increase will happen, we just have to wait for it patiently.
We could hope that what we saw in 2017 will happen again this year or the next year.
The new investor comes to the cryptocurrency market because they already see what was happening in 2017 and they want to try to make a big profit.
Maybe some of the investors is a previous investor who already got a loss in 2018, and they come back to the market with a new hope that this time, they will make a profit like other traders.
The pattern of the price movement still moves to the higher price, but we are not sure until how much bitcoin price will increase later.
The new investor comes to the cryptocurrency market because they already see what was happening in 2017 and they want to try to make a big profit.
Maybe some of the investors is a previous investor who already got a loss in 2018, and they come back to the market with a new hope that this time, they will make a profit like other traders.
The pattern of the price movement still moves to the higher price, but we are not sure until how much bitcoin price will increase later.
Hopefully we get a period of FOMO & people start to panic buy, it’s be good for the price. 6k seems really bullish.
Hell yeah it's bullish, but I'm not so sure I'd want a bunch of people to start rushing into the market out of fear. That could easily pop the price of bitcoin up to a level that isn't sustainable, because investors who buy out of that FOMO emotion are the same ones who'll sell when bitcoin dips just a little. I would much rather see a slow, steady growth in price. And actually the rate it's rising at right now isn't too bad. There's definitely some momentum behind whatever is driving this little bull run we're having, and bitcoin could even be on track to hit $10k by the end of the year. That would be a beautiful thing to see--but I don't want to see it too soon.
we all prefer slower rise because it is a lot stronger to rise that way and historically each time we see a slow rise the falls that come eventually can never break below the price level that was reached by a slow rise.
but unfortunately "fear" like FOMO is a part of bitcoin just like panic sell is. we have already seen 2 cases of FOMO in the past month alone and although the market is calm these days i can happen again soon.
I will like to said that the pattern of the prices'movement in 2017 is repeating itself again and this year is seems to be another bullish year. As a traders and cryptocurrencies enthusiast, what are your thoughts about the current happening in bitcoin pricing and other cryptocurrencies?
One month is too short period to declare that we are back in bullish run. Single rally to $6000+ doesn't ensure that Bitcoin will keep moving forward only. In trend analysis, we have to analyze the movements of chart for a considerable period of time, say, atleast 2 months. If Bitcoin continues to show same movements and reach $8-9K by late June then I can ensure you that we are back in the 2017 bull! For now let's hope nothing adverse happen and market continue to grow more.
Hopefully we get a period of FOMO & people start to panic buy, it’s be good for the price. 6k seems really bullish.
Hell yeah it's bullish, but I'm not so sure I'd want a bunch of people to start rushing into the market out of fear. That could easily pop the price of bitcoin up to a level that isn't sustainable, because investors who buy out of that FOMO emotion are the same ones who'll sell when bitcoin dips just a little. I would much rather see a slow, steady growth in price. And actually the rate it's rising at right now isn't too bad. There's definitely some momentum behind whatever is driving this little bull run we're having, and bitcoin could even be on track to hit $10k by the end of the year. That would be a beautiful thing to see--but I don't want to see it too soon.
There's a lots of speculations that when the market is hits above $6k, a bull will be there much stronger and begin to make a huge jumped, it's a good sign now for more traders and investors, new investment from newbies and those who left because of losing hope, now we will again to expect another hieght to be reached.
Many investors that put in funds when the market was appreciating in 2017 and has been disappointed because of what happened in 2018
as I have been saying all through 2018 a quick look at the history of bitcoin and some research about bitcoin itself and the utilities it offers could have shown them the true potential of bitcoin. there is no room for disappointment when you are facing something as great as bitcoin!Quote
specially when bitcoin fall below $3200
that sucked for sure but it proved once again that the market is still susceptible to FUD if it is large enough and with enough manipulation in the market behind it.Quote
New funds are coming in and that is why we are seeing market capitalization growing day by day.
I don't think "new funds" are still coming in. there is of course always a growth of adoption (new funds) but this rise is because of the funds that exited due to that manipulation (fall to $3k) are coming back since they gave up waiting for $1k!!Quote
I will like to said that the pattern of the prices'movement in 2017 is repeating itself again and this year is seems to be another bullish year.
this is far from being like 2017. if anything it is more like 2015 with slow rises and many small corrections with people still in fear of the "bear market" since it lasted a long time.
I'm very bullish for bitcoin since finally it is bad news resistant. That's the first indicator of the end of bear market
We had CBOE delisting news without any dump (i know its not bad news but look at it from lambo investor perspective. All of them was waiting for bakkt and btc etf and ... bum bitcoin is being delisted from cboe) It was, in my opinion, fud producing news and should dump bitcoin).
We had "bitfinex print 850 MM" news and only 3% dump? Under resistance? We should see dump at least 10% without this news simply from TA (fighting with very strong resistance, resting from 60% pump) had we had 3% dump with this news.
We had binance 40MM hack and next day we have break 6k resistance.
We are growing constantly with bad news hitting the market one after another. Guess what will happened when good news will hit market.
We had CBOE delisting news without any dump (i know its not bad news but look at it from lambo investor perspective. All of them was waiting for bakkt and btc etf and ... bum bitcoin is being delisted from cboe) It was, in my opinion, fud producing news and should dump bitcoin).
We had "bitfinex print 850 MM" news and only 3% dump? Under resistance? We should see dump at least 10% without this news simply from TA (fighting with very strong resistance, resting from 60% pump) had we had 3% dump with this news.
We had binance 40MM hack and next day we have break 6k resistance.
We are growing constantly with bad news hitting the market one after another. Guess what will happened when good news will hit market.
My thought is meh as long as we don't make an attempt to face resistance at ~$6300. Daily close above ~$6300 is yeppie. Weekly close above ~$6300 is wooohooooo. 
I'm very tempted to open a fresh short now we're still at $6000 but on the other hand I don't want to go against the trend either. Decisions.....
I'm very tempted to open a fresh short now we're still at $6000 but on the other hand I don't want to go against the trend either. Decisions.....
My speculation therefore is that, there are chances that price is going bull more to hit 10,000 before a major retracement, so buying now seem a good decision. This however is not a financial advise, just my opinion.
Not financial advice? If you're 'just' sharing your opinion it is in fact still financial advice, especially because of how you state that right now seems to be a good time to buy. Did you buy? 
I prefer to remain cautious for the time being. In the short term, the storm is over but in the long term, I am not yet convinced. Which also means that I anticipate a decrease. There are a lot of people who will start to sell a percentage of the coins bought at $5,000 and below to take a short profit.
Yes me too I would like to see the same pattern as in 2017 but I found that between my dreams and the reality there is a big difference but you never know.
Yes me too I would like to see the same pattern as in 2017 but I found that between my dreams and the reality there is a big difference but you never know.
As you can see only bitcoin is gaining and already increase 100% unlike other cryptos still on the bear market or some altcoin holders are switching to bitcoin to hold because of the price increase.
I believe that bitcoin will stay at the $6,000+ these days until next month and I think we will not see huge drop again these following months as the old price movement.
I believe that bitcoin will stay at the $6,000+ these days until next month and I think we will not see huge drop again these following months as the old price movement.
Many investors that put in funds when the market was appreciating in 2017 and has been disappointed because of what happened in 2018 specially when bitcoin fall below $3200 are now been optimistic about the market and some of them are coming back into the cryptocurrencies market. New funds are coming in and that is why we are seeing market capitalization growing day by day.
Well I think a reasonable percentage of the investors that bought on high last 2 years while price dropped to a very bear range, have sold off in loss because of fear of losing all. The new enthusiasts are the new investors that bought and started with bear.
My speculation therefore is that, there are chances that price is going bull more to hit 10,000 before a major retracement, so buying now seem a good decision. This however is not a financial advise, just my opinion.
Jump to: