Can bitcoin break the $8000 margin before month end?

[Bigbay]

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.

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[talkbitcoin]

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.

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.

[bobo012]

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 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.

[El duderino_]

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 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 ...?

[lablab03]

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.  

[Ikay]

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.

[reactorjuno]

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.  

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.

[1Referee]

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.

but would etf already approve ...?

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.

[Sony.UK]

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.

[boyptc]

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.

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

the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.

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

[davis196]

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.

[Dr.Osh]

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.

[carlisle1]

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.

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?

[1Referee]

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.

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.

[dothebeats]

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.

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.

[thecodebear]

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.

maybe.

[htsz_da12]

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.

[cellard]

$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

[BrewMaster]

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.

[teilwalL05]

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.