Bitcoin Forum

Bitcoin Ready To Explode Above $6,000 ?

https://www.youtube.com/watch?v=NG76MDL9XXo

Discover the latest technical analysis for Bitcoin, BTC had broken up to record a new 2019 high over $6,100 and now facing a pull back on the bears domination , find out more about the future probabilities on the technical analysis video

Scrembo

I thought in some exchanges, bitcoin price already reaches $6,000, and maybe some traders use that moment to do arbitrage trading.
But yes, in the big exchanges, maybe the price is not yet reached that price, but if the situations still like this, we could see the price can break the barrier of $6,000.
Maybe it will happen in the next week, and we could see the price can slightly increase to the higher price.
But still, there is a possibility to see the price will go to down for a while before it's going to go up again, so we need to be careful.
That is an interesting video, thank you for the info.

Amazing I actually subscribed to Scrembo on youtube since most of his video is about TA and speculation. A good reference to compare your own analysis. Worth watching. I am happy that Scrembo is actually here in the forum. :o Thanks for sharing.

It looks like a certain bet that the bitcoin price is going to break the 6,000 already. I believe technical analysis anytime and price is mostly likely to follow up till next week plummeting on the high high, recording a high for this year.

I don't know if bitcoin really breaks the $6k barrier already. As far as I know we did almost touch $5900 and then a pullback, but the thing is, it happen twice in span of 48 hours. Right now the price seems to hover just above $5700. But I'm expecting that this is just a healthy pullback and we might even touch $6k in the next coming days.

It won't take much time to break that $6k point. I'm only concerned about that $10k whether it will be able to break that before the end of the year.
Breaking that before the year-end will probably push the price beyond our expectations.

It would really be so easy for Bitcoin to break $6k at the moment. As we have witnessed, Bitcoin could bloom anytime and it never fails to surprise us. Scrembo's analysis is reliable and if we'll dig deeper, we could really see the possibilities that might happen in the future of the market. Bitcoin could really go more than what we expect.

There is no certain thing in this bitcoin world, sometime we are just too confident to see the price movement which is going up step by step while the reality says the opposite. It is not even reach 5,900 so far and now it is now a bit stable at 5,700-5,800. Lets see whether it will break the 6k soon or not, it it can break 6k soon then I think most people will start to think that it will break another high price and most people will start buying more which is something that most of us waiting for.

you have fully grasped the general feeling. A (false) 6k rupture will lead to believe that the inversion has taken place, and many are ready to enter long at that point, but the crypto winter is not over and I expect a swing on those values ​​now close. I think we will go to new lows, and this only time will tell if I have been right.

It does look like it will break the psychological barrier of $6k very soon and stabilize in the $6k range in the near future. At this rate, $10k by the end of the year seems completely viable.

Negative news like the Tether controversy pulled the price back a bit, but it was not enough to pull it back in a big way.

Nice effort OP and it's always good seeing your posts here and the videos of your TA.
It's just a matter of time before we are past 6k and i believe once we are above 6K. The 10K target will just look so easy to achieve.

Even without the video we definitely have seen the moves of bitcoin this week we just finished and we are likely to see more value coming in basically this is what we all wanted for bitcoin to stand back again.

Bitcoin is a great coin to hold let's say and asset to hold for a Long period of time. Other than other coin bitcoin likely to do better than this in future to come all we just have to do it's keep hold.

I wish it was that easy. Currently it seems soo easy to hop from $5700 to $6000 but this $300 gap will turn out to be more of an obstacle than most people think. I just can't see it break this easily.

What functioned as major support last year will very likely turn out to be a major resistance level this year, because in every market support levels become resistance levels once broken (and vice versa).  

I can be wrong of course, and will not mind it since I have accumulated spot well below current levels, but we shouldn't forget that we're technically still in an overall bear market.

I wish that this will happen but I think if it will reaches the 6k, it will go down in an instant. Probably there are some exchanges where Bitcoin's price reaches the $6k already but on some exchanges like Binance, the highest price that Bitcoin has reaches is only $5900.00 exact.

Well if this happens then good for the holders but I'm still waiting for the correction of Bitcoin after this continues rise and that is the time where I buy Bitcoin :) . I'm holding Bitcoin at this moment and have profits already.

It reached $6,000 in Bitfinex  (https://www.bitfinex.com/) but I cannot do arbitrage as I don't have an account in that site.
Not for short term trader, I like to hold and wait, and because one of the biggest exchange in the market traded over $6,000 already, it gives good signal for me.

Binance is not having a lot of volumes right now and the volume of bitcoin trade gets centralized in Brazilian exchange site. it doesn't matter a lot if there will be a little gap between the price of binance with any other coin but remember when the majority of exchange sites are putting their price 6k for each bitcoin and the price of bitcoin will still remain 6k. that based on how much price bitcoin in the majority of exchange sites.

$6k isn't far to break and bitcoin actually heading there though no one can really tell hence TA is just a guide and isn't 100% accurate. Like you I'm not a short term trader so apparently this small move isn't a lot to us but it will definitely a glymp towards new ath. Just moving slowly yet surely.

Im really preferring on seeing bitcoins price movement on this way where it do move or increase on slowly pace and it do decrease on a slow pace too but we cant

be sure if it would this continue on this way or would be still possibly on the same movement on past years.TA's arent really that accurate yet any news can trigger anytime

possible pumps or dumps but seeing current chart analysis do really show some good progress.

Bitcoin is very stable with the price which means it is not going to fall back. Very volatile for the rise which means that the market is bullish and we could get it right above $6000 any time in the nest few hours or a day. Having said that, the minds switches towards the profits that could be made if you speculate in Bitcoin today. I have bees seeing people around going crazy thinking about the value they have gained in Bitcoin.

If it is true that some exchange had witnessed bitcoin break the barrier of $6000, then it is obviously that this coming week will mark same thing on most exchanges including coinmarketcap. The pulling force is quite a bit strong now and I think there may not be any retrace before the market hit the $6000 value.

If we are to see any form of retrace at all, it will be so little, probably from those that are selling off their assets temporarily to take little profit, and those ones are found of doing this not to sell off completely but just to increase the quantity of asset they have when they buy back.

It is true, but it's not an organic increase. Exchanges that surpassed the $6000 level were all Tether exchanges, and mainly Bitfinex went absolutely nuts.

Good thing is that CMC removed Bitfinex's exchange rate from their average price index, so there is less invalid inflation caused by crappy exchanges people shouldn't be using.

If you want to get a clear/fair picture of the prices and volumes and thus the overall market, follow exchanges such as Bitstamp and CoinbasePro. Nothing is a better indicator of the crypto market than actual fiat exchanges. All these Tether exchanges are a bit of a no go for me in terms of functioning as any sort of volume metric.

I agree with this analysis, because the bitcoin now has a price of 5700 and has made a bearish correction for the recent bullish wave which started from 3400.00 zones, These days the bitcoin is a bit volatile but maybe we can see BTC crossing the 6000 barrier during this month after dumping again, If BTC breach the 6000 level, the markets will enter a new phase of the bullish trend, I am optimistic that Bitcoin will make big gains this year.

$6100? Where did you get this value from, from what I can gather from records over the internet, coinmarketcap and even the Binance exchange that I am using, I never saw any record of this. So, I really don’t know where that value was picked from, and if it were to be true, I would like to know which exchange recorded that high value for bitcoin.

For now, everyone is still expecting the price of bitcoin to increase this week and break the $6000 barrier which may further lead to more increase and not a retest of lower value. If bitcoin has broken the barrier in your country, it is yet to break such barrier in my own country mate.