Bitcoin Price Breaks $600, Bullish Indicators May Take it Higher

[Ezekial2517]

The price of bitcoin is in a bullish pattern, seeing significant spikes over the past 24 hours. At press time, the value of one BTC has reached a high of $612 USD, and the price momentum is looking on the upside.

https://news.bitcoin.com/bitcoin-com-price-bullish-uptrends-begin/

[btcwhiskey]

Next stop, 1k. You can't stop this train.

[richardsNY]

Next stop, 1k. You can't stop this train.

Not this year. I understand that you get excited about the increase that we are seeing now, but it's by far not enough to get the price to climb up to such levels. Maybe next year if we can realize sustainable growth. If not, then even next year we won't see the price reach the magical $1000 barrier.

[iqlimasyadiqa]

Next stop, 1k. You can't stop this train.

Not this year. I understand that you get excited about the increase that we are seeing now, but it's by far not enough to get the price to climb up to such levels. Maybe next year if we can realize sustainable growth. If not, then even next year we won't see the price reach the magical $1000 barrier.

I think the price of 800 USD is the price that is reliable at the end of this year. USD 1K price increases can make bitcoin prices more volatile in the future. This is good news, bitcoin the upward slowly. I prefer it like this.

[shinratensei_]

Next stop, 1k. You can't stop this train.

That's irrelevant things in this day for me, that is just a little increase and you can't matching with a big deal is you made at the higher level for bitcoin. Next station for $750 like a miracle until this year in the end.

[Schuyler]

It is good to see the price break the $600 resistance. Haven't seen it touch that level for a month, I guess. Let's see if it holds that and how much buying are we going to see moving forward. I just hope it doesn't get too high too soon because quick rises almost always equates to quick drops, as well.

[partialist]

Next stop, 1k. You can't stop this train.

Not this year. I understand that you get excited about the increase that we are seeing now, but it's by far not enough to get the price to climb up to such levels. Maybe next year if we can realize sustainable growth. If not, then even next year we won't see the price reach the magical $1000 barrier.

I think the price of 800 USD is the price that is reliable at the end of this year. USD 1K price increases can make bitcoin prices more volatile in the future. This is good news, bitcoin the upward slowly. I prefer it like this.

this is the same words we heard last year 

[mundang]

Strategy of the bulls be carefull. A little bit of up and a massive amount of downwards. Ive already think that it will happen in the next few days.

[Denker]

Strategy of the bulls be carefull. A little bit of up and a massive amount of downwards. Ive already think that it will happen in the next few days.

You're talking of a bull trap.
Would you be so kind and tell us what makes you think this is going to happen?
Or is it just a feeling?
When you have a look at the bigger the bigger chart picture, weekly, you can see that 2015 we founf the bottom and tested it twice
(double bottom). After that the trend reversal happened and since that we are bullish. The range around $550 we've seen the last few weeks could become a next new higher low on the way up to create a new high for this year.
So to me it looks like the correction, which appeared to be stronger due to BitFinex, could be over and we are now starting to create the next movement.

[Bradexterb]

I dont think that it will break after we reach the 600 dollar each because we already rerached the 600 dollar each bitcoin i thought he already hit the 700 dollar some times so why would is happen this time?

[~Bitcoin~]

I think next point for accumulation for whales will be at 650$ to 700$ range, i don't think this bull run will stop untill price get well above $650 atleast.

[hasiramasenju]

Next stop, 1k. You can't stop this train.

unfortunately the train has been stop moving because seems the price will stuck at 603-$614 in these few days

however might be 1k is very possible to reach those amount but my predictions it will happened at 2017 not in this year

[abugseuf]

Next stop, 1k. You can't stop this train.

yes i also hope so, and after at the price of bitcoin is going to cross all time high level. and the this trend will continues now the time has come for which were waiting for a long time, i can suggest to my friends that still they have time to invest in bitcoin.

[damiano]

Next stop, 1k. You can't stop this train.

yes i also hope so, and after at the price of bitcoin is going to cross all time high level. and the this trend will continues now the time has come for which were waiting for a long time, i can suggest to my friends that still they have time to invest in bitcoin.

(Insert hopeful meme here) This train has not even left the station and it lacks any real amount of fuel so to say it can't be stopped is funny. It needs to start to be able to be stopped. Never suggest to friends to invest in crypto

[Maesters1-]

congratulation, i am really happy with this progress, now we can expect expect the price stop above 800$ level in this rally and for next rally it will even cross the 1000$ lever at the end of this year 2016.

[newcoins1978]

Next stop, 1k. You can't stop this train.

Bitcoin has passed $600 so many times, a couple months ago the price is the Bitcoin was almost at $800 but as soon it came close the price dropped again.
Next time the price is going to rise it has to reach at least $800.

[Denker]

Next stop, 1k. You can't stop this train.

Bitcoin has passed $600 so many times, a couple months ago the price is the Bitcoin was almost at $800 but as soon it came close the price dropped again.
Next time the price is going to rise it has to reach at least $800.

What you are describing is typical market behaviour.
Often supports and resistence gets tested a few times before breaking through it and creating either new trends or confirm the old trend.
Therefore corrections in price are pretty normal and are wanted and needed by investors and traders to position themselves for a new strategy and going with the old one. Holding, entry and exit or staying flat are some key words here.

[DeathAngel]

How high do we think this can go then in the short term? It'd be great to get to 650-700 & stay there for a while before the next leg up.

I'm not a fan of unsustainable pumps that come crashing down as quickly as they rise.

[bamboylee]

Next stop, 1k. You can't stop this train.

Bitcoin has passed $600 so many times, a couple months ago the price is the Bitcoin was almost at $800 but as soon it came close the price dropped again.
Next time the price is going to rise it has to reach at least $800.

A couple months ago bitcoin is over hyped due to halving. It is proven by the fact that after that, bitcoin price went to a correction state. Thus the price went down to 500.  Now bitcoin seems to find new energy to push back up. It may not  yet reach 800. It will take time if we want a stable 800, not just a surge that will go down suddenly too.

[Ayers]

I think next point for accumulation for whales will be at 650$ to 700$ range, i don't think this bull run will stop untill price get well above $650 atleast.

i think it will return to the last peak of $770, or at least i hope so lol, it's clearly a bullish market now, after the last recover, i'm expecting a good return to the previous price