Bitcoin Forum

According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.

All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon. 8)

the upside potential never technically went away, bitcoin always had that upside potential and will have it until mass adoption occurs and finishes.

but expecting a big rise just because a small one occurred does not sound logical to me. as many are expecting these days we may be on a slow rising trend instead of the wild big jumps as last year.

I think that with the pending etf decision in august we still can have upside, and even go beyond 8000 zone. A lot of the people will want to hedge their bets and bet on approval, out of the fear of missing out if it is eventually approved.

but would etf already approve ...?

In my opinion its impossible before this month end, because the market performance as now is like a beat of heart which is constantly up and down time on time . So maybe it's impossible for now unless if the performance change after days or two  because it's so difficult to predict where to go.  

I do believe on that because many are getting back to invest on bitcoin because of a positive outlook of some investors instead they spread fud they spread the ability of bitcoin to become more success in near future and gain a lot of profit from it.

Oh... nothing is impossible... Bitcoin could go from 7k to 8k in 24 hours, we have seen this a few already in the last 12 months.

If the believe in an ETF is there, it will boost through $8000 before the end of the month for sure. If the recent increase was just whale play, which is certainly possible, we will either fall back down or form a new longer term range between $7000-$8000. I think both scenarios are bullish enough to satisfy people for now. In the end everything is better than seeing the price fall under the $6000 level again.

Only the SEC knows. Everything is set up the way it should be set up legally, and there practically is no reason to reject it other than them not willing to see Bitcoin grow further.

This month I will expect 9k USD on end of month so we should invest soon we will get good profit in short term. Because currently many investors are buying the Bitcoin and altcoin so this will raise slowly in Crypto market.
But right now majority of peoples are believe the Crypto potential and some countries also discuss the legalization of Cryptocurrency so this is good positive response of Bitcoin.

This was proven from the recent pump that we've seen not only this week.

The fact that bitcoin has always the potential to move upward and downward.

There`s something strange with the current btc price increase.The major altcoins,such as ethereum aren`t following the btc price movement.Perhaps lots of people are selling their altcoins,just to buy bitcoin.This is kinda bad for the crypto community,because the price growth isn`t "funded" by an army of newcomers.There aren`t any new money coming into the cryptomarkets.

I do not know, but it is probable that bitcoin can penetrate that price. today bitcoin prices show a significant price increase. but somehow altcoin does not experience the same thing .. maybe this is caused by decreasing ETH price. but, for bitcoin prices, I think the price could reach $8k by the end of the month.

Strategists is different from speculators so that man whos a strategist now giving speculation about the bitcoin price movement.yeah we have seen an$7,000 breaking and now its closer to $7,500 meaning just a few steps away tp $8,000 .what the waiting for this value?are you going out and leave crypto for good?

The idea of new money flowing in this ecosystem is not real, or at least, not in the way people think it is. If a certain coin looks more profitable in the short term, the only thing that's happening is capital shifting from one (less profitable) coin to the other (more profitable) coin, and this isn't anything new. It has been happening for years.

And why should there any new money be pumped into altcoins? The only altcoin worthy of an increase due to its developments is XRP, but the market doesn't seem to care, so it's going down as well.

I beg to differ. While market capitalization per se doesn't do much at all, it gives us some insight on the aggregate of how much money is in a certain market. 2013's conditions, and money available to the whole crypto-economy isn't the same as 2017 and 2018, so there literally has an influx of new money that came in the market and not just capital shifting from one coin to another. Right now it could be the case, but everyday, new money is flowing in the cryptomarkets albeit hardly unnoticed. You can't say that small, newbie buys aren't new money flowing as it still contributes on the overall number, just somewhat not a head-turner like large deposits/balances being poured as we define it.

maybe.

At the end of July, if the BTC can stand at $8,000, it will certainly be beneficial for the later encryption market, which may be hyped as the price of BTC rises.

$8000 is not even that relevant, we just need to break through $7800 which is the next long term resistance ceiling as seen by the line crossing all the previous peaks of the past 6 months. If we break this, then chain reaction kicks in and we break through $8000 which will make it keep going higher. The ETF will only speed up this process, but it seems to be sealed already nonetheless. I see a lot of people in governments nervous lately FUDding hard. They may sense a big rise happening soon. This one was hilarious:

https://www.trustnodes.com/2018/07/19/congressman-brad-sherman-asks-cryptonian-stop-exposing-hypocrisy

in order to rise another $500-$600 in the following 10 days we don't really need ETF approval, it can actually happen a lot easier than that without any hype even. there is enough demand and buys happening these days that this rise can easily happen. the problem is the sells, and not just random people selling but a bear whale dumping large amounts because he doesn't want to believe his time is over.

We can see the $8000 dollar mark if the price keeps on stable on going up, But when another manipulation occur, or negative news spread about some hackers busting another exchange then a pump will sure not happen, But the possibility for bitcoin too always break the barrier is always there and it will still keeps on continuing on the years to come, That we can see higher value than this and we can see another All Time High someday.

The markets seem all of a sudden to be a bit tentative hovering below $7000.
As we get closer to the expected decision date in August for ETF the speculation
should become greater so the prices should go that way also.

I believe the markets will gain more traction as speculation increases.

There a possibility i think, 'cause the current price as of now is too close on the estimated value, so probably it's not impossible to reach before this month end. However we should not expect more on this slight progress of market 'cause anytime there's a tends it will collapse suddenly again due to some causes that always occur without knowing. 

Before the month end hmmm
Seeing the reversal got paused awhile and ranging within the $7500-7700 shall be good to show that one more breakout on 7.7k would result us $8,000 i believe
Lets go

For more than one week to end this month, I think bitcoins can break the 8000 USD price and even enter 9000 if there is bull run as it happened in the last quarter of 2017. 8000 is not far aware from its current price and strongly believe it is possible.

It is @7300 and dropping so it is hard to see sub $8000 within less then 2 weeks from now.

I don't considered a few days  duration of price increase as stability. It's a good sign but still can be spoiled.

Lots of times that a certain target for let's say $6,000, $7,000, $8,000 etc. are being speculated to happened and the basis is the current price movement, Im not really like that since how can we take this as basis. Let the price move as it is because even how good speculation is, it can be ruined once a certain situation happened like hacked exchanges, sudden price decrease that can trigger the others to dumped also etc.

Surely bitcoin price will breached again the $8,000+ price level but for when, no one knows so better just watched and don't mind finding a technical analysis about it.

There is a huge chance that bitcoins might surpass $8k dollars because the speculations for cryptocurrency today is all positive and black rock is one of the reason for the market price to pump up right now.

How is it hard to see sub $8000 when we're below it already?  :D

Also, the price is not really dropping. It's called volatility, which nowadays is way less severe than what we are used to. It seems that the market despite the very thin order books is maturing at least in one aspect, which is great since it allows people to utilize its currency aspect in a better way. Regarding the $8000 level, it's doable if the overall sentiment hints towards the soon to be approved or rejected ETF by the SEC. Just don't get excited when we do happen to break $8000 because there will be a serious correction if the SEC yet again thinks it's not the right time for an approval yet. I'm still not sure whether I will short before or near directly after the announcement....

All of us is hoping that bitcoin will continuously to rise and me too like all people believe that bitcoin surpassed this 7k margin. Bear market will gone and bull run will go.

The recent survey done in news.bitcoin.com says yes to $8K possible in 48 hours. Kindly go through https://www.coindesk.com/bitcoin-prepares-to-test-8k-after-bull-breather/

Now its at $7328. Few hours back, there was a hike touching $7400. The first half has been in honor to investors buying more as much as one can. Lets hope for the best in the second half and yes its moving towards the hike as expected like last year. July should be a month to kick start the value of each altcoin and we have seen it recently moving from $6K to $7k rally. Hope to start August from $7K to $8K.

$7300 is the actual price today and I think before end of this month of july it really possible to bitcoin price become $8000 because they have new investor I think and other investor back again the reason bitcoin value increasing again. Maybe not only $8000 but possible alsp $9000.

If this would continue of more buy and demand the possibility will exists. Their is a chance to hit $8k this month end well always prediction it might not hit. As long bitcoin market can sustain to increase it is possible indeed for the $8k.

What I see on the movement of the price of bitcoin past few hours ago there is a group that sold large amount of bitcoin and I think they are preventing bitcoin for increasing back to $8k because after touching at the price of $7,700 someone sold a large amount of bitcoin on the market that is why the price drop back to $7,300 I hope those people will think that holding is better so that we can see $8k value back again in a few days.

There is some analysis that bull market is coming so I think the bull market is started and then Expect to hit $8k value again, my target is $8,400 these coming weeks. So keep holding is a bright idea and make a few bucks after few weeks.

Possibly bitcoin could break the $8000 barrier before the month end, because the market contribution of bitcoin has grown above 45% after a long time period. This itself shows the growth of bitcoin higher than the other altcoins over the recent days leading to the predicted growth.

WEll okay. I was thinking of Mid and not sub. lol

@7236 so it is retracing quite quickly for this reason of volatility you say it is.
Which is correct I am not arguing about this.

I see a very optimistic person on this post, though the market is in a red candle again I also believe $8k is possible this month. If you look at the selling volume, its really weak so I think this is just a small correction before we can hit the $8k level this month.

Let's all hope for the best with bitcoin, and a bull market will come to us again and make bitcoin great again. :)

Bitcoin is going up and is not so fast like the one last 2017 but if its climb continues, it may reach the $8000 before the third quarter ends. There still also lot of market dips or corrections before bitcoin reached the target price. The last quarter might be the time for bitcoin to make some bullish moves to make final price this year. The year end profits might not big like the one that happened last year.

We failed the last attempt to go above that resistance line of around $7800-ish but we are still on the $6k+ safe spot. We may dip a bit again for another attempt or we may just go for it again in the following hours. The hourly chart looks prime for another attempt to me. Have some fiat just in case you can get another nice dip at $6700 or so.

We will break this before the ETF situation gets resolved, it's too many days away and the resistance levels are too close.

I think it can break the $8000 margin if it continues with this current trend. I agree with you

I'm not sure it will happen. this time the market is red even though only a small decline, but this will certainly make predictions become changed. I'm more confident if bitcoin will rise by the end of this year.

Bitcoin is still doing well and most of the investors are just waiting of any good signs of upside that will trigger them to come back and buy again. I'm optimistic of this and sooner this will rise higher to make another big rally.

Looking at the fact that currently happens then I'm optimistic that the final price of July could reach $ 8000, and if the $ 8000 price is reached then it is certain that the future of bitcoin will be brilliant and the end of the year could reach at least $ 20,000.

I think its getting momentum to destroy 8k wall.
Otherwise it will go to below 6k$ which we don't want to see that.
But its most likely going to destroy the wall

I really doubt that it will happen, it was just a miracle to see it going over $7000 again, and it might take some time until we can see another bullish signal that can easily push up the price over eight thousand dollras, it is really difficult

I am feeling more positive from here on and may be next week we will the market to be above 8k and should be in green zone now for long time. So overall if you consider the past week it is being a good week and will continue further as well.

We are almost there and just a little push bitcoin will break $8000.  The only resistance level that is creating limitations is $7500. Once that level is broken then we should expect an upward movements that is going to lead bitcoin above that level.

Yes it's been a long time since we are struck with this barrier and we will eventually break this barrier once the bull run get more aggressive as more investments will be pulled which will spike up the market demand.

And then what? It will go down just as hard. Historically, the month January has always been a time where the market went down, and I'm quite sure that it will happen again and again. For that reason I strongly hope that we see the price increase sharply somewhere in Q1 or Q2 of 2019 and not this year. The main challenge this year isn't reaching a new all time high, but breaking the $10,000 level. And even then we aren't safe yet, because breaking $10,000 doesn't mean we'll be able to sustain that level -- sustaining that level will prove to be the challenge of the year for everyone here....

Not possible after all, maybe some more time needs to pass until it can show us those numbers again, probably it will be at the end of the year, or at the end of November.

With just days to end this month, It is hard to speculate that bitcoins will be at price of 8000 before the month end. Maybe 7600 to 7800 is possible. For 8000USD bitcoin price is highly possible in August or September.

It's all just ETF hype and possibly some manipulation that utilizes this hype. 8k can be reached if the public will be convinced that ETF will get approved, regardless if it's true of false. It can happen with some insider leaks followed by pump. On the other hand, if there will be more rumors about the rejection of ETF, the price will drop back to 6k in a matter of hours. Also, the market might remain stale until the day of announcement, or at least until the end of this month. To me 8k doesn't look very likely now, I'd say there's a 35% chance.

We always talk about how bitcoin may go up or may go down and we try to ask if it will do this or that but we never learn. Bitcoin will do whatever it wants and no one and I mean NO ONE will ever know what it will do. We work on our trading only based on support and resistance levels which means if it is not yet into resistance zone then you may go for buying.

Just a week ago people were asking if bitcoin will go back down to $5800 because it hit $6300 levels from $6800 levels. Today it is over $7.4k. No way we can ever estimate what bitcoin can do. By end of this month bitcoin can be $6k or $10k, yet no one will ever know.

Though this year everyone expected the spring boom, and it did not happen either. With barely a ten-year history, and perhaps only seven at best on proper open markets, there's really not much history to build on, or for long-term patterns to emerge (unless months-long periods are considered long term).

Like you, I'm more leaning towards a climb back up old heights only in 2019, if not much later. There's a lot of momentum to build even if the volume seems to be picking up. The longer Bitcoin stays below this $10k barrier, without revisiting lows at each cyclical decline, the better the chances of it holding onto gains once we reach 5 digit prices again. So this current climate pretty much suits me.

Now the next expected raise in bitcoin is 8000$,over a period of one week.Bitcoin was stable in the price of 7400-7500$.As long as the investors in bitcoin is increased,the price of bitcoin will increase to maximum value.Every year,the price of bitcoin reach some maximum raise in the month of August. I hope this will occur current year too.To get more profit, hold the bitcoin till the end of this year.

We are already surpassing $7k  and still bitcoin price continuously growing little by little. Obviously there is a huge possibility that it will reach $10k this year or much better if it could be more. This might be the awaited event in crypto and for sure the community have feel comfortable with these.

I'm not sure but since there are no assurance that the increase would be continuous and also that there's only a week before this momth end, I think it won't be able to do so. And if it would again break the 8000 usd mark, i think that would happen next month. So for now, just keep on holding and be patient on how the market behaves. Wait and hold in order to be safe on what would happen next.

Currently there are an equal amount of scenarios where reaching $10,000 is possible and where $5000 is possible before the end of the year. In both cases it's either $2500 up or down.

It seems to me that the market has been driven up by existing money instead of new money entering crypto, which is a bit worrying actually. It makes me feel less comfortable with current levels.

Good thing is that I have enough fiat ready to be put in action in case the price drops, and that's the most important thing. If you have fiat ready you won't ever be shocked or disappointed by a correction.

We have 1 week before the july ends and I hope bitcoin will reach $8000 or more in this end of this month.  Need only push on this I think everyone have target price because if you have target price they motivates other people to have also and to pump with their help.

1 more week to go before this month ends and while 2 more weeks for the ETF approval. There will be people who'll feel FOMO before the result comes out.

And that can happen a week before August 10 and we'll see a good pump by that time and if ever it won't happen by that time. Still everyone's expecting for a bull because we have hit the bottom like what everyone's talking.

Well wait and see what will be the next price but I know people still hoping that we hit a $8000 price before we enter the month of August. But I think we don't to be worry if bitcoin is slowly to rise at least it will continuously to go higher.

We broke the ceiling I was talking about the other day. Nice short squeeze there. Some people gave up and were already thinking we were going to sub $5k, but these that held saw Bitcoin blast to $7786 (Bitstamp). It may be increasingly dangerous to stay a bull. At least, if I was on fiat still waiting for an ideal point, I would start getting nervous over missing the boat, specially if we get past $10k, and the traction looks good after $7700 was broken.

It will probably take breaking the $10k psychological mark to break the nerve of the remaining bears. Poll open until the end of the month, you still can vote.

Some say drop to 5000, others say up to 20,000, and all such analysts with world-wide names Ivan Pupkin or Macle Wright, and what they are backed up in earlier statements, only because their names are heard and after their words is moving. I wonder what they will say if we end the year and stay in the 6-7k flute. There will be new gurus who foreshadow to us in 2019 again 20,000 or the bottom of 3000.

Ok not 24 hours but pretty fast.... 4 days after my post above. Some people are too young here, or some people never learn?  :)

The good run continues so we've achieved the $8k, week before the end of this month. Hope this run will extend until December. Why not until next year or the following year? Of course there's no such thing. Time will come we're going to have a fall again but for now, let's be happy on the movement.

Your prediction is correct, now bitcoin has been at the price of 8k. This will be the time of bitcoin awakening, and by the end of the year bitcoin value will make us smile satisfied.

Now the price of bitcoin is reached 8200$ and this is not a end.One of the beautiful thing in trading is holding.People who had brought bitcoin at the price of 7000$, will get 1200$ as a profit alone.This the unique advantage of bitcoin as compared to other cryptocurrency.Only in bitcoin,we will get this much dollars as a profit.