Bitcoin Forum

Back over $6000 for the first time since November!

It's really great to see that we've finally broke the 6k resistance only a bit more than a month after being in $4k territory, even if the price will drop to low $5k again, we still have a very decent foundation for the new bull run. I would even say that this seem to be unfolding faster than during the previous recovery of 2015-2016, and maybe this year will even close at $14-16k or higher. If this will happen, the new ATH will also be pretty big, considering the halvening in the next year.

Yeah hitting $6k is great. Bear market ended in late 2018, the bottom ended and the bull run started April 1st, and now by hitting $6k again bitcoin is showing just one more sign of the strength of the now almost 6 week old bull market. And yes absolutely this bear market and bottom were both shorter than the previous ones in 2014 and 2015. But I think that makes sense, Bitcoin is so much more visible in the media and there is such a higher level of active interest from people and big money waiting to see when it will turn around that it makes sense it recovered and started this bull run quicker than the last market cycle. It'll be interesting to see how quickly this bull run heats up. I still expect it to be slow like the last one, but ya never know, hitting $6k already, who knows, maybe we'll see well above $10k this year and see the market take less time to reach the old peak and then really start making huge gains than it took in 2016 and 2017.

Tom Lee must be very happy that his clients will stop bothering him about the price hehehe. He has been very quiet about bitcoin, however. His latest comments were about the latest US stock market dump and how it is a buy for him. Typical Tom Lee. The world might end to tomorrow and it will always be a good day to buy.

Bitcoin just cut through the $6000 resistance like it wasn't there in the first place. And with the recent Binance news that I expect to at least slow things down a bit? Breaking $6000 was just way too easy in my opinion. Not sure about this mateys, I'm hugely skeptical if this would continue with an upward movement.

Finally the strong resistance at $5900 has been broken thus the price of bitcoin hits $6K in 2019, based on price action there is tendency that the price might retrace to the former resistance turn support.
Obviously this is a good news bitcoin had struggled for long price-wise thus prompting some deregotry remarks that bitcoin won't survive here is bitcoin proving many analysts wrong.

It's good to see the price hitting $6k again. Now the ball game has chance, money is pouring on the market again and it will just be a matter of time wherein we will see the price hitting 5 digits.

But we shouldn't celebrate as of yet, we all know that anything can happens, so let's just hope for the best that we can sustain this run to at least $7k-$8k around mid-year.

finally! i've been saying that for a long time but at the time when we were at the bottom and below the bottom nobody wanted to accept it and instead wanted to wait for $1000!!!

Binance is an altcoin exchange not a bitcoin exchange so it shouldn't have affected anything. not to mention that the momentum is there so you can't really expect something like that to put a dent in it.

$6000 was easy because we were in a bubble (https://bitcointalk.org/index.php?topic=5078452.0)!

Every day in the morning I watch a bitcoin course and finally its price, according to CoinMarketCap, is $ 6068. His third attempt to quickly overcome the $ 6,000 barrier was a success. If after that he also moves forward, then we can assume that the bull market of cryptocurrency has begun. Let's see how Bitcoin will behave further, it becomes interesting.

A very nice indications that whatever happened bounce will really come forward, it's small reverse but breaking this barrier will open a new door to try hitting much higher, we are not sure what will be the next target but it's good to see that the speculations for this month to hit and exceed to $6k was already been successful, now it's good to observed and timely check what will be the next momentum and how to get some advantage anticipating the
next possible goals.

Right, just amazing to see bitcoin hitting $6k again. The binance hacked was a non-factor, on the contrary it looks like it push the price a bit. I'm sure everyone is very happy today and definitely the price could go $7k in the next coming weeks. We are in the bullish zone and when the price take off, it's really hard to stop.

I wouldn't go that far. The market obviously sold off a bit on the news.

But the swift recovery and new highs after news of a sizeable hack suggests there's still some bullish momentum left. Combined with the fact that shorts have been steadily rising on Bitfinex along with price for the past month, it feels like there's still another short squeeze coming.

Bigger picture, I still think we're forming a mid-term range rather starting a bull run, but a year from now it won't make a difference either way.

That $5900 resistance was like very hard to break in the last 2 days and then BOOM, $6k was broken so easily. And the thing is, we have like negative news around (Binance hack, Tether + Bitfinex fiasco), but the market wasn't even moved by this kind of news. Indication that investors are really in and there might be fresh blood that is willing to put cash in the ecosystem.

Finally, the time has come for Bitcoin to break through the $6,000 level and from there the sight is towards the $6,500 level and once we get there I think it can be easier to go up, up and away. Is this already the big signal that the bull run is coming back? Well, a lot of coin hodlers, lovers and enthusiasts are getting to be excited though cautious of what can be the next in the ongoing Bitcoin saga. I am sure that there are also who are wishing that Bitcoin can dip a little so they can get in with the bandwagon before it goes up into the "moon".

Tether has nothing to do with BTC.The Binance hack can't have powerful influence over the market because there the year is 2019,not 2013 and we have hundreds of big and medium sized crypto exchange platforms and the trading volume doesn't rely on one big platform.
The 6K USD bitcoin price can be considered good news,but I believe that a summer price crash is still possible.

If the recent hack on Binance and other FUDs doesn't mean for the price of BTC right now I guess we are on the track on the end of the bear market. Those infidels that capitulate and said that bitcoin is now dead perhaps crying in agony that they sell it on dip. Good to know those people that buy the dip on 2018.

The ath of the year has been achieved, and expect the growth to cross several round barriers of $7000 and more at the earliest. Today the long expected $6000 is achieved which keeps the people happy. At the same time altcoins weren't showing good rise in the value. This makes portfolio get decline in value with the one that holds majority of altcoins compared to bitcoin.

Meanwhile, other altcoins are still struggling to get back their previous 2019 highs. It seems now every time Bitcoin goes for a new high, altcoins also climb but struggle to make an impact,,, it is as if now Bitcoin does not care about the rest of the market and is just doing its own thing.

I wonder if this will see ETH break $200, and Litecoin break $100?

I remember we where getting BORED AF when we where @the 6K-ish range for that period of time, now it feels like a needed achievement and a pleasant place to stay for a while, building brick by brick and go to 5-digit, new ATH, and then explore the beyond.

However we have had a long period around the low level prices, but the upswing was again fast as well.

This is BTC and it will write its own narrative, as long we can deal with that and just ride the waves then we will be all fine for the long haul :D

I wasn't much surprised either. And this time, there was hardly any major resistance before 6K. I am analyzing the bull run from $3,200 per coin to the current levels. The only instance when there was a major resistance was between $4,500 and $5,000. Apart from that, it was a very smooth bull run. If the trend continues, then I guess the next resistance level will come up at somewhere around $9,500. Till then, it will be a slow, but smooth rise. But it will be difficult to predict how much time it is going to take, in order to achieve 10K.

That's a good point. Though I was thinking more of like a psychological effect or something, that may probably cause people to exit the bitcoin or the cryptocurrency markets in general because of the fear of them being hacked(even though you can easily prevent this by holding your funds in your own non-custodial wallet).

The price of Bitcoin is rising again and that is good. It was clear that the price would go up again, but the time until then is always hard to bear. I am already very curious whether we will also see again a price over 10k bucks this year. I remain optimistic in any case and hope as always for the best.  ;)

That's sounds great to hear from you mate, we should be braver enough to face the challenges behind of possible bear market while we're in the midst of a rising price of btc. Although that $10k was impossible to be achieved, but I am always looking forward for that to happen soon. There's nothing wrong to wish for another possible things to happen, and as the trend these days in favor to gradual price increase I think were not far from reaching the goals that we have in each and every asset.

Just don't be overconfident. Instead, always be open to the possible turnaround.

Execute the strategy according to the plan. The current price increase is showing more built-up support which can leads to more fuel for another journey to the moon but never takes away the chances that it might break and spoiled.

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It was always possible even if we say we touched the $1,000 level during the bear market.

It's just that, I don't see why people too much excited about it. Didn't they remembered the aftermath of 2017 hype. We don't want to happen it again.

Many don't expect that the price of bitcoin will recover quickly to the price point of $ 6k as the next resistance and support. I think the bull run will not be long but the increase will not be too fast because it can become vulnerable to future movements.

As I said those last months here. What goes down must come up. Same with other coins that will be pulled by the bitcoin price hike.

But is it really that of a need to keep posting every $100 dollar change in price here in this forum? I mean we are seeing it too. Actually it prompts on my smartphone every time.  ;D

Bitcoin will seek more value, it aint over. It is just the start. It is still a baby that needs nourishing.

Ha! Yeah when Bitcoin fell from $6000s to $3000s it was immediately obvious we were at the bottom of the market - after not buying bitcoin in just over a year I immediately started buying again when I saw that. I of course didn't know where exactly the absolute bottom would be, or where exactly the bottom range would be (at first I thought it might bounce up from $3000s and settle in a bottom in the $4000s instead of settling in the $3000s, wasn't sure which would happen). But the one obvious thing was when that drop happened in November it was the bottom and it was time to start accumulating as much as possible for as long as it was at the bottom. And when it spiked from $4200 to $5000 the night of April 1st, that was a clear as day sign that the bottom was done and bull market had started. I would always laugh while bitcoin was at the bottom and people said they were waiting for $2000 or $1000, or if they said they were waiting for it to not be on the bottom anymore so they could buy in higher because they thought buying in after the bull run has started is better/safer than buying at the bottom. Now I laugh when people say we're still in a bear market despite bitcoin obviously being in a bull market ever since the day it spiked above $4200.

It's still possible as the market trend is now shifting between the bear and the bull, if each month the value will surpassed every $1k assuming that this bull will be slowly but steady moving forward and will not fall back, just keep being optimistic and believe that Bitcoin will provide decent earnings.

I am surprised of this, when I found out about what happened with binance I thought we will see some drop in the price of bitcoin but this did not last, this is a very powerful sign that what we are seeing now is a change in the market conditions, since just a few months ago anything that resembled a bad news was enough to contain the price of bitcoin, and now the news that one of the most important exchanges around the world was hacked was not enough to stop bitcoin from breaking the 6000 dollars resistance.

   Bitcoin will have another bull run that's for sure.
But I doubt that things will go so fast and straight up as it was in 2017 ever again. I think if the raise we watch now may be called as new bull run, it is going to be much slower and unstable.
   Anyway it is really a good news to see 6000$ again, it passed really much time sinse November of the last year.

yeah bitcoin brok 5800 and 6000 This is amazing!!! i dont know what is the cause of this big pump? we should wait and see the market

this being a very good month for bitcoin:

https://i.imgur.com/AUGQ3w9.png

but at the same time this is a big nightmare for altcoins:

https://i.imgur.com/wCCmZwB.png

altcoins are falling in relation to bitcoin

https://i.imgur.com/uZU9iGx.png

altcoins are falling in relation to USD

we will see how the next weeks will be, but until now who has altcoin has reasons not to sleep well

BTC rising always puts pressure on alt coins as in exchange they have also gained value by accident almost.   Its just part of the normal cycle, they will still gain overall I would guess but on an exchange rate basis the rate goes red.


BTC itself is very strong above the 8 day average for a while now, no real pull back even while hesitating in the 6k area its not been proper resistance or a source of sell orders.

https://i.imgur.com/6akwqMf.png

This is very strong jagged line upwards.  I would say it needs to pull back some for stronger basis long term.   THis is just a burst phase upwards is how I characterise this and I dont think it will always be like this in price movement

Nope. You are wrong there. Have you checked the Bitcoin dominance? During the past 2 months, it has increased from approx. 50% to the current levels of 58.5%. What happened is very clear. Bitcoin is undergoing a bull run right now, but the alts are still stuck at their previous levels. There is a strong possibility that some of the amount that was previously invested in the alts are now being diverted to BTC. This may be partially due to the issues with Binance, which is in a very bad state now.

Good news! Been waiting for that $6,000 for so many months and it did come. Next target is $8,000 and $10,000. Let's just hope for another bull runs. I can sense some good profits now. Obviously, there will be an additional investors when such good news like this are happening. Expect so many enthusiasts and experts to make a noise in crypto industry.

that is not dominance it is just a comparison between supply of bitcoin and the aggregated supply of more than 2500 altcoins which coinmarketcap.com calls "dominance" and the only thing that it shows is how many new shitcoins are being created. when there is a huge increase in their numbers and also some big pumps in the coins with the largest supplies that percentage decreases and when the creation of new coins and also the pump in those coins stops that ratio increases. it doesn't show anything else.

as for the bold part, it would have been true only if people did this:
that would mean USD is being invested in bitcoin and pushes its price up but you have to be really dumb to do that! what happens in reality is this:
and that does NOT affect bitcoin price at all. the only thing that it does is that it dumps altcoins

That’s right, it actually took just a little bit more than a month for the Bitcoin market to set foot on this value, if the community continues to hold this value firm and we keep getting more investors, it seems we might see the bull run sooner than we expected.

I am waiting to see bitcoin set path on the value of $7k and see if it will follow the same pattern as what it did in that last bull run, it was from that value that we started getting speedy increase that made bitcoin reach its ATH within 7 consecutive weeks. How interesting it will be to see the look in the eyes of people who still believe bitcoin will go back to $4000.

I am so impressed over what is happening in the crypto space, I never knew that bitcoin will break $6000 so early my best guess was at the fourth quarter of the year, but since we have already seen a break out, then in no time we are going to see a massive spike in the price of bitcoin driving the coin so high within a short period of time, my prediction is that we might see the price of bitcoin at $10,000 or even much more at the fourth quarter of the year, let's just keep sharing the good news of the bull run coming to the space.

Bitcoin has really done the amazing again, it didn’t just only break the barrier, it gathered more value after rising to $6000, now I see the unimaginable happen very soon as regards bitcoin bull run, our next target is now $7000, how fast bitcoin will take to reach that target is now what we need to wait for I see, I see it reaching $7000 with this development by the end of the month, but if FOMO could act here, then we might get to that within the next 2 weeks.

I no longer doubt the possibility of bitcoin reaching $15,000 by the end of the year, we are gathering more users and investors rapidly and they are making great impact on the market.

I am still afraid that we are going to see an intense fall of the price shortly.
There is a good increase in the price of bitcoins but not in the alts. Meaning that investors are afraid of buying alts for some reason or they want an alternative of cashing out fast.

This is clearly a very encouraging thing, because the long wait with the excitement of bitcoin has just happened and has even exceeded more than $ 6K. obviously many are very hopeful that bitcoin will continue to move with passion to continue to increase, maybe even the same as in 2017. so it's the best time to buy and invest your money into bitcoin.

I think this is institutional capital at work. They focus on Bitcoin because that's always the first coin to enter and build a product around.

In most cases when Bitcoin went up, altcoins followed because shitty crypto funds work with their own portfolio baskets where each basket contains an x percentage of multiple coins (basically the idea of 'never put all your eggs in one basket').

- Warren Buffett.

No wonder that most of these funds imploded during the bear market.  ::)

This is like a new signal back so that it continues to point to heights,  many economists have ensured that it will indeed increase when it reaches 6k, enthusiasts will increase after the price of 6k starts back. No need to think it will come back to lower or back to the bottom line, besides that it would be nice we continue to think optimistically and prepare many things in trying to make a profit, here it is proven that opportunities are still higher.

If the price of  bitcoin we are seeing now has been a result from response to hype solely which I doubt, then it is not an healthy one and any little fall, it might fall so hard. I am pray to God that anything such should not happen at this moment. Still, we need real time factors to lift the value of bitcoin forward and that is when we can have a sustainable value, if its increase is about hyping, trader are the ones that will take advantage of the price more and that is why we have been seeing rise and fall. We need more bulls that will help us sustain the price above these $6000+ levels and not just hype. 

It's step away from the bear season, entering into bullish will certainly excite to all of us and it keeps moving. Greatly we saw  huge inclines this few days and pretty much excited to see it more for this year. Even though we wait for this so long but at least we didn't get disappointed this time as it isn't happen last year.

I like this chart for just simplicity,  showing 50 day average and how previously we were below it and contained in any price movements upwards.  It was weight above us and similarly alot of participation in BTC had doubts on its gains.

https://i.imgur.com/KkJlu09.png

Then we manage to cross over the thin blue line and movements upwards start to gain legs both in size reaching upwards and also accumulating as a gain.    If people want to judge an easier time to buy I would guess its best when moving through this simple momentum measure.   Obviously its come a long way from that average now, I think like leaning off a ladder it becomes a bit more risky then but not to say it cant continue up

Bitcoin is indeed very specific and difficult to understand and predict, it can go down quickly and vice versa.
but at the moment I see bitcoin being in a very good increase because it has exceeded more than $ 6K, if until the end of this month continues to increase, it can be ascertained there will be an extraordinary increase. the increase in bitcoin will obviously also affect the altcoins that already have a market and are well managed. and will also excite ico to perform well.

I wouldn't be surprised to see it fall back to the most recent bit of support at like $5800 or so. I think that'd be very healthy. It looks a bit to steep an upward climb these past 10 days or so. But thats just basic building support as it rises higher, nothing scary about that.

Bitcoin is the big fish. Right now money is flowing into the obvious thing: bitcoin, and some money is flowing from alts into bitcoin. Sometimes alts follow bitcoin gains, sometimes bitcoin sucks money from alts as everyone tries to take advantage of the strength of bitcoin, and sometimes money flows from bitcoin into alts. Right now we are seeing the strength of bitcoin and people moving money from alts to bitcoin to get some of those profits - nothing wrong with that.

Also I have long believed that this bull market will see bitcoin take back some of the market dominance that it lost in 2017 because as big money starts to move into the crypto-space most of that money is going to focus on bitcoin. Wall St for the most part isn't going to be creating financial products around random altcoins, probably 90% of their products are going to be around Bitcoin, and maybe Ethereum to a far lesser extent. This is going to exacerbate Bitcoin's dominance. Also I'm not sure there will be such a powerful altcoin propellant as the ICO craze during this bull run. So whereas 2017 saw Bitcoin's marketshare be in the 30%'s, 40%'s, 50%'s as normal, I think this bull run could very well see its marketshare mostly stay in the 50's, 60's, and 70's.

Anyway, I'm sure alts will start getting more of the pie as this bull market continues. They did get a huge pump after bitcoin broke out of the bottom and started the bull market to start April, but then people realized that Bitcoin is gonna start moving up in the bull market so that money flowed into bitcoin.

It is like this, now it returns to the range that should never have fallen, let's hope that in this range there will be a lateralization or possible liquidity zones that intensify the tendency to continue rising.

Many bitcoin enthusiasts have high hopes for people to continue to join the technology offered by Bitcoin and Blockchain, investors are seeing that bitcoin has great chances of continuing to rise, and that the trend may arise quickly.

Most market speculators may be waiting for a possible correction, which, has not come, apparently there are many interests that bitcoin keep rising little by little, it would be excellent to reach a range of $ 8k to have more range In order to resist possible falls of Bitcoin, if this is the way low price ranges would not be presented as an offer, quite the opposite, the offer for those levels would no longer be present simply because the new price levels would be much higher high

It a good news though, but we still have a long way to go in the development of Bitcoin, experts and analyst will make noise based on technical analyses and may create a little hype that will cause people to FOMO, but that value usually is not going to be a sustained one, because those that will still be buying them are already existing investors hoping there will be a bull run.

We shouldn’t get over excited yet, our excitement should not be on the value but on the impact bitcoin is making and how many large institutions are beginning to consider the use of bitcoin, we need large institutions to really start making use of bitcoin payment and If they do, the sky will be the limit for the price we will see of bitcoin.

And keep on going up, its now 6800$. This could be the game changer that we are waiting for. This pump is giving me chills and excitement.

For now own because we are already broke $6000 value of the bitcoin we are now focus on how the bitcoin break again $7000 bevause it's near to that value. This earlier broke the value because other people think bitcoin will hit in the value of $6000 after few months but it will happen this month which is really great and hope to continue rising.

Maybe you should refresh https://coinmarketcap.com again as altcoin has started to get some bullish trend at the moment.  Ethereum is just close to $200 and bitcoin cash crossing $300 again.  I love what is happening and I pray it continue like this until end of this year.

That will happen later, but unfortunately, we don't know when the time will happen. All we can do is preparing for the down and don't get shocked if the price is dump too deep. Make sure you have money to buy more bitcoin, but if you don't want to buy more bitcoin, then it's better to stay calm and watch the price back to the higher price.

Yes, this is a good sign that grow happen now and i think even if a drop will come on next weeks the drop will not be so huge and people should not start panic sell.

Crossing MA's do really have that kind of indication which would be the best time to set in position if we do talk technically.Bitcoins price didn't only break out $6000 price but it would

tend to break out the current resistance of $7400.We are on $7300 price this moment which is pretty amazing uprise movement of btc.Hope this would still last.

I dont really count the crossing MA as a big thing for me but it gets others to look up and take notice so it helps alot to win people over and go long BTC I think.

Well I'm a massive sceptic which is not always profitable to be when price rises, doubting that rise doesnt pay until it reverses.   This whole move has been stronger then I expected, its like it was never meant to have been below 6000 in the first place.

Was it the big autumn seller who dipped us lower, the whole deal with forking to SV and that being forced selling and so just momentary vs regular buyers and users who got us to 6k way back before anyway.

Anyhow surely the OP needs to start another thread now, we are well above 7000 in very little time so this thread is redundant already.