Bitcoin Can be $5,000 Again?

[CryptoBry]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

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[Kyraishi]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

This is completely unknown to us. Bitcoin is so volatile that even the most experienced traders cannot model it accurately and predict the outcomes with high hit rates. However, i think that most likely we will break $5000 this month.

Main reason is that people is still looking to profit in btc, even though the dump has occurred there is still a lot of people saying bitcoin will rise by $2000 this month and whatnot. This optimism is ill-advised but imo will translate into greens for btc.

But after it hits $5k i'm not bullish at all. I think that would be the bull trap, and people will pull out very soon after $5k is breached. That could mean the end of the bubble, potentially.

[jc89]

Wow, did we just really reached $5,000? I wasn't aware since I've got busy these past days but that's good to hear. We can't blame people if they got excited about that and started selling out especially the traders. I think we can achieve that price again within this week. And maybe we'll be at 5500 to 6000 by the end of the month. Thus, taking us to $10,000 by the end of this year.

[mobnepal]

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

I think its better to predict price will be over $5k again by end of this year. Yes you are right, as massive wall at $5000 is already broken it will be easier for price to get pumped over $5k level again.

Profit taking is normal and I have read somewhere that more than 10 billion dollar worth of bitcoin was sold off to take profit which is massive but dip was not big which shows strong buy support above $4k region.

[btcney]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

The pumps shouldn't be over just yet. Bubble is going to keep going as it seems because if it were crash, it would have crashed completely at this dump. But the floor couldn't be broken at $4600 so now we are back up to $4700.

Definitely going to retest the $5000 later this month, probably next week actually.

But i sense that people are being a lot more cautious right now than before. The profit takers are acting pretty fast, they don't seem to believe that the bubble is going to last much longer. This should be an indication that the bubble MAY be coming to an end soon.

[denny27]

Well, i think so. Bitcoin prices are most likely in my opinion will reach $5000 again or even exceed it. A slight decreasing on current price movements, i think this is only temporary and will moving towards higher again next.

[Yuhee]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

The pumps shouldn't be over just yet. Bubble is going to keep going as it seems because if it were crash, it would have crashed completely at this dump. But the floor couldn't be broken at $4600 so now we are back up to $4700.

Definitely going to retest the $5000 later this month, probably next week actually.

But i sense that people are being a lot more cautious right now than before. The profit takers are acting pretty fast, they don't seem to believe that the bubble is going to last much longer. This should be an indication that the bubble MAY be coming to an end soon.

There might be many upcomming bubbles. So it might end some day but there will always be next pump. No matter what the price there will always be another price target. Every payment made in btc is stagnant but how it increase in dollars are really what matters to most users here. Probably there will be 7K. increase in the month of september and there will also speculations on 10k. So i guess this price increase is just normal for btc.

[Wind_FURY]

OP, of course it will. The push upward is still very strong and the dips from the $5000 high should now be our opportunity to buy more before the next pump to $5000 and beyond.

We have been in the same position before with Bitcoin never failing to prove the doubters wrong.

[alyssa85]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

The pumps shouldn't be over just yet. Bubble is going to keep going as it seems because if it were crash, it would have crashed completely at this dump. But the floor couldn't be broken at $4600 so now we are back up to $4700.

Definitely going to retest the $5000 later this month, probably next week actually.

But i sense that people are being a lot more cautious right now than before. The profit takers are acting pretty fast, they don't seem to believe that the bubble is going to last much longer. This should be an indication that the bubble MAY be coming to an end soon.

Nah. I think it's going to retest the resistence lines at $4400 and $4200 in the next week. And only if it manages to stay above $4000 will it try to retest $5000 again.

[YuginKadoya]

OP, of course it will. The push upward is still very strong and the dips from the $5000 high should now be our opportunity to buy more before the next pump to $5000 and beyond.

We have been in the same position before with Bitcoin never failing to prove the doubters wrong.

Just Wait the possibility is very high it surely will make it up to the $5000 mark value, we can really never know when the value will go to that value another time so soon no one can ever predicted it but you can surely make a speculation regarding that and right now even if bitcoin is having a dip, the price is surely continuing to push up ward so have a positive faith with bitcoin.

[timerland]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

Getting bitcoin over $5000 is pretty easy, all it takes is a medium sized pump, really. And even though the resistance seemed strong from this current dump i think that we will still hit $5000 this month, potentially even in the next 2 weeks.

However whether it stays above $5000 is another problem.

I'm genuinely worried about this bubble popping very very soon. Hopefully it doesn't, but when it does it's going to be catastrophic. If the next pump results in a big dump like this one then it could really be the end of bull markets for a long time.

[Deathwing]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

Getting bitcoin over $5000 is pretty easy, all it takes is a medium sized pump, really. And even though the resistance seemed strong from this current dump i think that we will still hit $5000 this month, potentially even in the next 2 weeks.

However whether it stays above $5000 is another problem.

I'm genuinely worried about this bubble popping very very soon. Hopefully it doesn't, but when it does it's going to be catastrophic. If the next pump results in a big dump like this one then it could really be the end of bull markets for a long time.

This is not really a "bubble" that will pop eventually. Bitcoin has been always like this, increasing steadily then jumping from X dollars to XX dollars overnight then dropping back down. But after that dropdown, it will continue to increase, normally. We can expect Bitcoin to be stable about $5200 levels (what I am speculating here) in a few weeks if not few days. With transaction fees dropping thanks to SegWit, I don't see a negative reason not to have that price increase.

[Yuuto]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

Bitcoin has not actually broken the $5k wall on most exchanges. There were only a few exchanges based in asia that had this barrier broken and that was because of a illiquid currency being used in trading with bitcoin.

On bitfinex, the ATH was around $4970 and similarly on other western exchanges.

Anyways, i think that we will definitely be breaking the barrier soon. It would most likely happen this month. I'd say give it a week or two to recover and then we could potentially see another pretty big pump coming up to push us over $5000. I just don't know if there are going to be as many profit takers as this time to drive the price down as soon as we hit $5k.

[timerland]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

Getting bitcoin over $5000 is pretty easy, all it takes is a medium sized pump, really. And even though the resistance seemed strong from this current dump i think that we will still hit $5000 this month, potentially even in the next 2 weeks.

However whether it stays above $5000 is another problem.

I'm genuinely worried about this bubble popping very very soon. Hopefully it doesn't, but when it does it's going to be catastrophic. If the next pump results in a big dump like this one then it could really be the end of bull markets for a long time.

This is not really a "bubble" that will pop eventually. Bitcoin has been always like this, increasing steadily then jumping from X dollars to XX dollars overnight then dropping back down. But after that dropdown, it will continue to increase, normally. We can expect Bitcoin to be stable about $5200 levels (what I am speculating here) in a few weeks if not few days. With transaction fees dropping thanks to SegWit, I don't see a negative reason not to have that price increase.

It is a bubble...

Segwit pricing was locked in ages before it even got activated because people anticipated it to happen. Even in the scenario of transaction fees dropping i think that a price level so high up is not going to sustainable, unless if we get a few big companies to gain interest in bitcoin and start accepting it in for their services.

You were around in 2013, right? This is a similar kind of thing. Price is going to be up overall compared to the start of the pump, but it's going to be a pretty big dump when it happens. 1000% in a year is not sustainable. i just don't think the bubble has peaked yet.

[PokerFace3]

It is a bubble...

Segwit pricing was locked in ages before it even got activated because people anticipated it to happen. Even in the scenario of transaction fees dropping i think that a price level so high up is not going to sustainable, unless if we get a few big companies to gain interest in bitcoin and start accepting it in for their services.

You were around in 2013, right? This is a similar kind of thing. Price is going to be up overall compared to the start of the pump, but it's going to be a pretty big dump when it happens. 1000% in a year is not sustainable. i just don't think the bubble has peaked yet.

No. It will be sustainable as long as there will be some new investor joining with us. You will be never able to compare with what happened in 2013 if you are ready to consider the environmental growth of bitcoin's system. Those 2013 rally ended up in bursting just due to the collapse of at that time's only one crypto-to-fiat exchange. But the supporting things are completely different at present times.

You cannot expect any major crash in coming months to year as there are enough investors are eyeing for lower prices to buy. Whales are also losing their power for the same reasons.

[Denker]

Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.

However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?

First of all, no exchange of any significant importance had hit the $5000!!
And secondly I can not see any big or massive sell off. We've seen corrections of 25% in the last few months. And now we were barely at 10%, depending on the exchange you're looking at. Bitcoin and cryptos are still very volatile. The guys who are in this space for a few years now know this and got used to it. Such dips are opportunities to buy more or are entry points for others to get in. But definitely no reason for a panic. So chill out! Sooner or later we will go for 5k and break it. The exact point in time (september, october, november, december or next year) is irrelevant imo.

[talkbitcoin]

as long as i live i will never understand why some people fail to understand the market dynamics.
it is pretty simple: price goes up then it comes down. then up and down again. it is not a "massive sell off" every time price comes down just because you had a price in your dream that didn't last as much as you like it to last.

price went up to $4900+ in a couple of days without a correction and finally the correction happened to bring it down to $4600 level again.
the same way it brought it down to $3500 on 22nd or $3100 on 9th or $2400 on 26th of last month.

[timerland]

It is a bubble...

Segwit pricing was locked in ages before it even got activated because people anticipated it to happen. Even in the scenario of transaction fees dropping i think that a price level so high up is not going to sustainable, unless if we get a few big companies to gain interest in bitcoin and start accepting it in for their services.

You were around in 2013, right? This is a similar kind of thing. Price is going to be up overall compared to the start of the pump, but it's going to be a pretty big dump when it happens. 1000% in a year is not sustainable. i just don't think the bubble has peaked yet.

No. It will be sustainable as long as there will be some new investor joining with us. You will be never able to compare with what happened in 2013 if you are ready to consider the environmental growth of bitcoin's system. Those 2013 rally ended up in bursting just due to the collapse of at that time's only one crypto-to-fiat exchange. But the supporting things are completely different at present times.

You cannot expect any major crash in coming months to year as there are enough investors are eyeing for lower prices to buy. Whales are also losing their power for the same reasons.

The part that i highlighted. This is true with anything of course, but what if people seizes to buy? Have you ever considered this? In every bubble people say that this is something new, and as long as new people join there will be fuel to keep the bull wave going. The investors that are eyeing bitcoin prices so that they can buy the dips will essentially disappear when people start panic selling.

Sure, there isn't a scenario like 2013 where one exchange dominated the market but in a bubble, everything is fragile. Now i think that the bubble is going to continue to go up for now, therefore i think btc is going to breach $5k again. But i'm just saying, you can't expect bitcoin to keep doubling in price every second month, and stay up there.

[Clark05]

For sure this month of september the price of bitcoin will back again to the 5000 dollars. So you can buy a lot of bitcoin but be careful invest only you can afford to lose.  Yesterday the price of bitcoin reached 5000 dollars but it will back again the 4000 dollars plus and as of now the price of bitcoin is 4600 dollars and for sure this week it will increase more and we will see again 5000 dollars.

[Lampaster]

Of course it may be. And it will cost more than $ 5,000 that's for sure. Yesterday's leap was just a demonstration of the power of bitcoin. Do not you realize that bitcoin is now in a state of development and $ 5000 is not the limit. This is just one of the steps in the long ladder to the top.