Can bitcoin break the $8000 margin before month end?

[aoluain]

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.

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[Ararbermas]

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. 

[puremage111]

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.

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

[richan]

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.

[Mugtaiya]

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

[harizen]

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 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.

[JohnWick_Bitcoin]

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.

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.

[richardsNY]

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

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

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....

[Vness10]

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.

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.

[maarx]

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.

[Question123]

$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.

[Jorosss]

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.

[BitMaxz]

$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.

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.

[Anait]

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.

[Mugtaiya]

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

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

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....

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.

[richminded]

$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.

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.

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.

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

[jonaire99]

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.

[cellard]

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.

[emmiebrizzie]

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

[Denies]

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.