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Author Topic: Bitcoin back to $7000 today?  (Read 430 times)
LateMoveR52
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August 24, 2018, 05:26:18 PM
 #101

We have seen many jumps in the price of BTC but this is too early to predict. The price of BTC is facing continuous down falls and it will take time to reach $7k. I think it will take time until late September this year when ETF will get approved.
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August 24, 2018, 05:45:14 PM
 #102

According to Elliott Wave's theory we just finished the 4th wave which was the correction. The 5th wave sees the total market volume getting decreased slowly and then the bullish trend starts. I know, it doesn't work according to the theories, but the indications are very similar as of now. Would be great if it really happens.
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August 24, 2018, 07:19:01 PM
 #103

To be honest the recent slow upwards movement by Bitcoin is what makes the market interesting and attractive for the new investors. If the price keeps fluctuating day and night, it scares off the investors and loses it's market cap. Hopefully, the recent stable price of 6,400$ will keep increasing in coming days and start the bullish trend once it is time.
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August 24, 2018, 07:56:23 PM
 #104

You are right on the point about adoption is the key for Bitcoin's market to skyrocket but without the adoption part it looks highly unlikely for a further movement in the market as it seems like. ETF approval or the hype regarding the hearings will definitely help the market to revive in the future but I am scared of another correction that might help to drop the price again.
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August 24, 2018, 08:00:18 PM
 #105

I hope there can be an increase of up to $ 10k or more, but it will definitely take a long time, even for the end of the year, I think it's still difficult, even if you are talking about a $ 7,000 increase, I'm still not sure, because I see the market is still rising and falling.
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August 24, 2018, 08:01:50 PM
 #106

We have seen many jumps in the price of BTC but this is too early to predict. The price of BTC is facing continuous down falls and it will take time to reach $7k. I think it will take time until late September this year when ETF will get approved.

Its been trading sideways for more than 2 weeks now with no clear trend. But this current break out looks to be bullish for me. But it doesn't mean a massive bull run.

The graph shows that at least a break out run to $7K is the target. It may take some time as we all know that at this moment there's is a strong resistance at that $7K levels. We really need to see what would be the sentiments.

But I don't like ETF's as main catalyst though, i wanted to see a healthy break out and we really don't know if ETF's is going to be approved or not. Le'ts not buy those ETF's hype as it might harm the system in the long run.

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Flin+piclo
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August 24, 2018, 08:38:01 PM
 #107

The price of BTC will go up. given that the market is bearish now, it will hit the bull run and the prices will increases or all the coins, even for BTC. Instead of only HODL, we need to make investments too, to make that happen.
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August 25, 2018, 06:42:58 PM
 #108

The price of BTC will go up. given that the market is bearish now, it will hit the bull run and the prices will increases or all the coins, even for BTC. Instead of only HODL, we need to make investments too, to make that happen.

Of course, i bought it on under 6000$, so i have a good profit and it needs 200-300$ to reach 7000$, it gets easy even if the news are bad. It is going to be pumped this winter like in 2k17
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August 25, 2018, 11:49:15 PM
 #109

I started reinvesting at $6180.  My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1.  ETF acceptance means little except it is a sign of future adoption by the big money.

What we need is bitcoin powered cellular service.  Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)

-Isa

CNBCC give good predictions after they say bitcoin will dump, it will go up. Recently, they said it. After those announcements BTC usually goes up roughly 30%, so we should see $8500 and wait another signal from them.
There are many posts out there with analysis of their analytics.

_Crypto made easier than cash

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paynercash
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August 26, 2018, 02:27:47 AM
 #110

it seems that it will be very difficult because there are no good news about the price of bitcoin but there is only bad news circulating in several international media so that the price of bitcoin is very difficult to rise.
The harder it is, the more chance we have. Getting the opportunity and the moment, is still easy to reach the goal as usual. I see no problem too much here.

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$anounimus$
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August 26, 2018, 04:39:32 AM
 #111

I think it's still very unlikely at this time that there is a lot of bad news that makes the price of bitcoin have trouble making price increases so I think the current price will still be below $ 7k until there is good news so it can experience a $ 7k price increase or even more, and it should be noted if there is good news.


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atayating
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August 26, 2018, 07:24:11 AM
 #112

You are very fortunate to be able to buy Bitcoin at such a point. I am also very willing to invest in Bitcoin, but I don't have enough money to invest in it!

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August 28, 2018, 10:49:07 AM
 #113

it seems that it will be very difficult because there are no good news about the price of bitcoin but there is only bad news circulating in several international media so that the price of bitcoin is very difficult to rise.
Firstly, you are attacking news that never had an effect on the market in the first place to think it would just bring about some bullish sentiment into the market ?
You guys should wake up and see that this is not a market presently driven by news and if it was, there is better news that would have actually caused a huge demand as it is now. Nevertheless, expecting bullish market at this point in time is a lot to ask for anyway, and it is best we just understand that no matter what, we are still in the bear market.

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August 28, 2018, 10:58:41 AM
 #114

The price very close to 7000$ and at some exchanges probably has already touched it at some moment but it's hard to tell whether will also stay there and rise up or pull back below.
Similar situation we had recently but it didn't last so let's wait for next couple of days and see how it will develope.

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