Can bitcoin break the $8000 margin before month end?

[JMD07]

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.

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.

[Mr. Legendaris]

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.

[adam1230]

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

[dumple]

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

[glowing10]

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.

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.

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.

[omonuyak]

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.

[maxamus]

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.

[richardsNY]

I'm more confident if bitcoin will rise by the end of this year.

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....

[EcoChavCrypto]

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.

[kojoannan]

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.

[hatshepsut93]

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.

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.

[rickadone]

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.

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.

[buwaytress]

I'm more confident if bitcoin will rise by the end of this year.

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....

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.

[ajochems]

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.

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.

[Hamstead]

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.

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.

[unknown-user]

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.

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.

[BitHodler]

Obviously there is a huge possibility that it will reach $10k this year or much better if it could be more.

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.

[bitcoin31]

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.

[batang_bitcoin]

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.

[jonsky05]

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.

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.