Looking at the Bitfinex long short ratio and the funding rates for Bitmex, it seems that many people are shorting BTC like crazy at these levels.
On Bitmex, its the same pattern over and over again. When Bitcoin breaks a prior pivot, usually causes massive liquidations and resets the funding rate, then after a few hours/days the funding rate is high again and so is the interest, and this repeated over and over for the last few weeks.
Seems people are trying to short the top and keep getting liquidated.
Topic: Road to $6k level and beyond! - BTC (Read 343 times)
Every price increase, there will be bad news come. 
When Binance got hacked that i read it on news. It might be will only have little affect on bitcoin price itself. But for reputation hope people still want to use their site.
When Binance got hacked that i read it on news. It might be will only have little affect on bitcoin price itself. But for reputation hope people still want to use their site.Its really a reputation question for their site and not the protocol but I'd agree on the association and how people handle BTC is caught up with that news. There are exchanges which match orders and dont require everybody to hold deposits there, they must be superior on a security front but why havent they taken over I wonder. I'm thinking convenience and I really rate this as a driving force for anything consumer orientated
Way too many people watching that 6000 level when its just a number.
that is only because we have not yet broken that price otherwise people wouldn't have even cared about it just like $5000 which was broken fast that nobody even had time to start this many topics about that price level and talk about it as a "resistance".
Once Bitcoin goes $6000 this week then we can expect more for the coming months, based on charts in year 2016 below March to June is where an initial bull comes from and then continues until November and December usually it goes back on track after few month and start to continue again if the value of bitcoin will be consistent even in the holiday season then there is way more to come and base on my speculation it would go over $10000 again if the flow continues.
Wonder what the binance fiasco will do with the price when the 7k coins pop up or get dumped. Until now still not that a big of a deal on the chart, its even climbing a bit.
Bitcoin price last month and this month is like a roller coaster , going up then suddenly going down. I want to see the price of bitcoin going up just like riding a rocket going to moon.
The price bitcoin come back to rise after sometime ago met a decresed price because there is an information which can make the price down. I'm so wierd when the negative information comes and being FUD maybe but the price still have a power to increase. I hope this is a time when we can see its price come back to high again and increase with drastically because I really missing it. So, my conclusion is $6000 will be passed by bitcoin soon since the price now is $5912 based on coin marketcap. Which mean just need around $100 to reach $6000 and it will be easy since the buyer still showed its power.
[im g]https://i.imgur.com/riDDpfp.png?1[/img]
Have you seen the current price of bitcoin?
It's pumping hard now and trying to break the wall above.
I believe we will hit the $6k level on every market, and the volume is increasing so don't close your eyes because it will happen over night. Don't look back, bitcoin is moving on now and its really a good time for the pump.
We are almost getting there, there is just little push by investor to really see the price of bitcoin cross over to $6000 permanently this year, whatever retest that needs to be done has already been done and any increase we see now will be a healthy and sustainable one till we reach the target value of $6000.Have you seen the current price of bitcoin?
It's pumping hard now and trying to break the wall above.
I believe we will hit the $6k level on every market, and the volume is increasing so don't close your eyes because it will happen over night. Don't look back, bitcoin is moving on now and its really a good time for the pump.
From your screenshot, I can see that some exchanges have already crossed over to the $6000, I don’t know how this is possible, maybe arbitrage I don’t know, but I am so sure that within the next few days, other exchanges too with follow up the in the increase to $6000, and from their continue on its journey to $7000.
It wasn't really pumping hard but absolutely it will be easy for Bitcoin to reach $6K level. I'm going to say that by the end of this year there is a potential to reach $10K level. The support from investors are pretty strong and even there was a hack incident on Binance which has successfully stolen around 40 Millions USD in Bitcoin, investors like don't really care about it and stay on bull way. This means investors are smarter and more mature, also means that we are ready to take a new flight to the moon.
Every price increase, there will be bad news come. When Binance got hacked that i read it on news. It might be will only have little affect on bitcoin price itself. But for reputation hope people still want to use their site.
When Binance got hacked that i read it on news. It might be will only have little affect on bitcoin price itself. But for reputation hope people still want to use their site. 
@this current time we all believe its finally going to explore the 6K area's once again, with all of us thinking and hoping for that, let us just hope BTC doesn't do the complete opposite 
Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
I am over sure that $6000 is a done and dusted and we are heading towards $6500 in the next bull push. I am happy that this is happening at the current time and I am hoping that bitcoin will continue it's explosion for the remaining days of the month. Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
Let's not be so excited about that.I guess some crypto whales started buying btc slowly(it was about time).Soon the noobs are going to take over the trend and spread more optimism,but the bubble will burst(mostly because the year is 2019,not 2017 and nobody really thinks that bitcoin will hit a new ATH).
Way too many people watching that 6000 level when its just a number. I think I will watch the blue line on this chart which is the 8 day moving average and shows us some near term momentum beyond just todays froth on top of the price.
A pull back to here, test and then rise back to 6000 could be enough to see it higher having shaken off a few sellers attached to round numbers for this area
since the increase in the price of bitcoin was above $ 5500, there hasn't been a single day that really exceeded the price of $ 6k. well, this might be a little difficult, seeing the current conditions. but, I believe that the price will increase immediately to be higher. I am not very good at looking at picks, but I see a better development of prices from the picture. A pull back to here, test and then rise back to 6000 could be enough to see it higher having shaken off a few sellers attached to round numbers for this area
There is no doubt why bitcoin grown promisingly even in a rapid way, because of its popularity and potential that lead to exceed as one of a leading asset among all coins. The current value is just a starting line of its outgrow and with our optimism and fidelity, its value will grow beyond we desired and hopefully it will occur by the near future.
Way too many people watching that 6000 level when its just a number. I think I will watch the blue line on this chart which is the 8 day moving average and shows us some near term momentum beyond just todays froth on top of the price.
A pull back to here, test and then rise back to 6000 could be enough to see it higher having shaken off a few sellers attached to round numbers for this area
A pull back to here, test and then rise back to 6000 could be enough to see it higher having shaken off a few sellers attached to round numbers for this area
Few more bucks and we're totally on $6k level, although some exchange already has a rate on that level. Looking at the volume it's more interesting today that we are seeing the market grow just like before but still be conscious if you're a day trader.
We all witnessing price recovery as the Halving approaches and im pretty sure with that.
Fidelity, halving of bitcoin on 2020 and a popular altcoin is about to take its halving for this year too which seems to bring up a better volume for bitcoin. We're approaching with these positive events that's totally pushing the market up. 
It could hit 6k level anytime now.It does not matter if it just slides back below it in a few days. I will celebrate this only if it establishes a support above 6k.If a support is evident at that level, it means it has a strong bullish trend. It can spark a bull run once we get there.
Well the price could easily reach $6K soon however the resistance at $6+ is likely to be strong using daily timeframe of btc/usd as a point of reference if price tested and break that strong barrier with a strong volatility a pullback to the resistance turn support is imminent then the price might be likely heading upward else if not broken the price might pullbackward to a support at $5K from my analysis. I also think 6000$ will be reach in some days and i think this month will continue grow and we can reach over 6300$ this month, i preffer to hold until a new bull run or until a new high price.
Hopefully we will be able to sustain and reach that price this month or as early as expected. The growth is very unpredictable to figure out, because price suddenly drop a little bit when it surges up. Holding is the best decision to do right now, while the highest price still wasn't meet at this moment. Patience is very important for everybody who seem to be discourage from previous months, but somehow it looks promising so face the struggling period before we reach the top.
@this current time we all believe its finally going to explore the 6K area's once again, with all of us thinking and hoping for that, let us just hope BTC doesn't do the complete opposite
Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
We are all hoping for that thing not only exploring that fkin 6k area but also on above yet we are going on a gradual phase then moving from 4k to almost 6k price isnt really Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
a bad recovery since it dumped on below 4k.
We all witnessing price recovery as the Halving approaches and im pretty sure with that.
It could hit 6k level anytime now.It does not matter if it just slides back below it in a few days. I will celebrate this only if it establishes a support above 6k.If a support is evident at that level, it means it has a strong bullish trend. It can spark a bull run once we get there.
The price of bitcoin will stay and go beyond $6k this month but not today as we fall again after breaking the wall. Its easy to reach that level and i think we should set a higher prices this year because the bull market has started and if bitcoin able to pump again, expect its expensive price to be seen again.
I also think 6000$ will be reach in some days and i think this month will continue grow and we can reach over 6300$ this month, i preffer to hold until a new bull run or until a new high price.
We hit already the price of $6k but it drops a little, i think this week will be a great week because we are going beyond $6k again and we have to wait for that. We are quiet happy to see the price on this level but i know we can still go high as much this year so i remain calm and focus now with the good prices. 
Have you seen the current price of bitcoin?
It's pumping hard now and trying to break the wall above.
I believe we will hit the $6k level on every market, and the volume is increasing so don't close your eyes because it will happen over night. Don't look back, bitcoin is moving on now and its really a good time for the pump.
It's pumping hard now and trying to break the wall above.
I believe we will hit the $6k level on every market, and the volume is increasing so don't close your eyes because it will happen over night. Don't look back, bitcoin is moving on now and its really a good time for the pump.
It's not that hard. If it's hard we should now at above or around $6,500+. It's just that it maintained the support while getting out to it's previous level.
I also liked how price behaved. But I want it to have the same behaviour when it stayed during $3,000+ and $4,000+ , $5,000 price level where it saves fuels first before jumping into another level.
We don't want to repeat the hype brought by 2017 that's why it's way better to see the price on a slow phase movement while increasing. A good start for another trip to the moon.
I still think that there is quite a bit of resistance at the $6k level, which is the reason why we've essentially hung around this $5.5-5.9k zone for so long now.
Furthermore, I'm also expecting a short term adjustment to again come at any time in the short run, because we've simply posted consecutive gains for so long.
But I think the bullish trend is now established and it's clear that a bull market is emerging in Q3 and Q4 at the latest, if not already here. I still think right now dollar cost averaging is a good strategy to go for in terms of accumulation, before any major pumps happen that trigger mass fomo.
Furthermore, I'm also expecting a short term adjustment to again come at any time in the short run, because we've simply posted consecutive gains for so long.
But I think the bullish trend is now established and it's clear that a bull market is emerging in Q3 and Q4 at the latest, if not already here. I still think right now dollar cost averaging is a good strategy to go for in terms of accumulation, before any major pumps happen that trigger mass fomo.
I do not know why people celebrating seeing 6000$ so much.
We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
He is talking about the value of bitcoin today in almost exchanges as you can see on the image there is one exchange which already reach $6k value they aren't celebrating they are actually excited for the new price level. We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
We almost see worst price drop happened for almost 80% last year and those weak hand that sold bitcoin in 3k value are now regretting.
However, we shouldn't expect too much on the price increase because the bitcoin is too volatile anytime the price can be drop after reaching $6k value.
The crypto market will soon reach $200 billion, the number of transactions per day is about the same as when BTC was swimming in the 15k-20k and Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks so why not? The value could even rise around $8k
Because the first 6 months of the year have not been very encouraging so far. And don't forget that it's still 70% below what it was a little over a year ago. People expect to see the same situation as in 2017, you will see the same thing at each $1,000 level.
It's a 'take profit' zone for people who bought under $5,000
I don't know if this trend will continue, if so, so much the better, if not f**k that. But I see right now we are entering in a period with a little more volatility. Which I like since it's exciting, up or down
I do not know why people celebrating seeing 6000$ so much.
We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
Because the first 6 months of the year have not been very encouraging so far. And don't forget that it's still 70% below what it was a little over a year ago. People expect to see the same situation as in 2017, you will see the same thing at each $1,000 level.
It's a 'take profit' zone for people who bought under $5,000
We can sure reach the $6000 USD mark for sure but I never thought that it will be this sudden movement there must be a force or something behind this kind of movement that the community of Cryptocurrency is witnessing right now, As I post this the price is currently in $5,901.86 USD a jump of 3.23% on the BTC price, what surprising is yesterday the price was only at $5700 USD if I can recall correctly, Well we are in a bull run anyway.
I don't know if this trend will continue, if so, so much the better, if not f**k that. But I see right now we are entering in a period with a little more volatility. Which I like since it's exciting, up or down
Have you seen the current price of bitcoin?
yes and for some time it was possible the price reached the $ 6000 and then fell
Bitcoin Inches to $6,000 While US Stocks Drop
the price is struggling to stay above $ 6000, something that is not easy
i think we might launch straight up to $7k or something, then crash to the $4000s.
Why in those hours you remembered $ 4000?
Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
the way we're coiling right below $6k it seems like we might launch right through it. that'll trigger another short squeeze because it's such a big psychological barrier and obvious stop loss zone.
i think we might launch straight up to $7k or something, then crash to the $4000s. squeeze the bears first, then squeeze the bulls after everyone celebrates breaking $6k.
markets like to fuck over as many people as possible.
I do not know why people celebrating seeing 6000$ so much.
We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
I would think because its been at nearly half of it from the end of last year at $3100 for the longest time and just going up marginally since then.We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
So getting to $6000 is almost 2x the price and with anyone who holds alot of it, they must have a very pleasant feeling right about now from the last year and half of headache and heartburn of reaching $10k then dropping 45% if their total assets were in bitcoin.
what does that picture you posted have anything to do with bitcoin price? most of the exchanges aren't even big enough to be considered a "bitcoin market" not to mention that they are reporting fake volumes. and worst thing is that none of them in your picture is a bitcoin/usd market! they are all altcoin exchanges that have tether instead so they don't matter. and there is even one LTC/BTC among them too! heck why do you even visit coinmarketcap for bitcoin price?!!
We can sure reach the $6000 USD mark for sure but I never thought that it will be this sudden movement there must be a force or something behind this kind of movement that the community of Cryptocurrency is witnessing right now, As I post this the price is currently in $5,901.86 USD a jump of 3.23% on the BTC price, what surprising is yesterday the price was only at $5700 USD if I can recall correctly, Well we are in a bull run anyway.
I do not know why people celebrating seeing 6000$ so much.
We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
We saw that price several times already and there is nothing surprising in that.
I say that I, maybe, the one who is not so crazy exited due to current changing on the market.
I am preparing my exitiness for much bigger points of a new bull rally.
I also think 6000$ will be reach in some days and i think this month will continue grow and we can reach over 6300$ this month, i preffer to hold until a new bull run or until a new high price.
@this current time we all believe its finally going to explore the 6K area's once again, with all of us thinking and hoping for that, let us just hope BTC doesn't do the complete opposite
Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
Just BULLcrush that whole 6K area, F*** exploring the place, just leave it behind as well
Have you seen the current price of bitcoin?
It's pumping hard now and trying to break the wall above.
I believe we will hit the $6k level on every market, and the volume is increasing so don't close your eyes because it will happen over night. Don't look back, bitcoin is moving on now and its really a good time for the pump.
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