Bitcoin back to $7000 today?

[netfifox]

Bitcoin just increased a little in today. I think it takes more time to reach the landmark as you say, it may be two weeks.

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[mk4]

Be realistic with your projections to avoid disappointments. Better to have a slow but steady ascent than a big jump that falls just as fast.

This. I'm also bullish long-term on bitcoin, for sure, but the delusion in these replies though. People are actually expecting $7000 today for some reason. Not saying it's impossible though, knowing the volatility, but even if it does, it's likely to dip back down if it happens that fast. People need to be more realistic.

[dating centre]

I think bitcoin will reach first the  $7000 before it will back again into a lower price of $6000.And i'm hoping to happened it.
Lets wait for the rest of days and learn the movement in the market. But always be in the safe side and just put the money in bitcoin that you can afford to loss only because price in bitcoin is so volatile.

we can see that bitcoin price is trading good for last few days which shows that bitcoin price is expected to increase in near future. may be in few days bitcoin price will surely cross 7000$ level.

[STT]

ETF considerations will run all the way to Feburary in 2019 I think.   So I'm not especially thinking its a time scale or reason for recent movement.  Palestine is tied to Egypt and Israel in its money flow possibly, not sure anyone else is as influential.   Would Bitcoin be that useful to them, I think only if they earnt alot of money via solar panels perhaps and so BTC was useful in transmitting value from that source internationally.  
I think an island nation might have more use for BTC to over come isolation or distance and latency in their economy perhaps.   Where Palestine is one of the most densely populated areas in the world, its possible other places have more to gain but of course they could try and see of course I just dont imagine it as especially likely.


BTC now is at the tail of a downtrend, then going sideways.  The recent low I've seen previously as a kind of back check of that negative trend pricing, its possible thats a bullish sign.

So a reasonable target past that could be 50 ma which is 7000 but really I think closer to 7500 perhaps.   6300 I'll call as a line in the sand to maintain a positive outlook

[btc4peace]

No way are we going over 7k today.  If we get a good run we may get there by next week however the dreaded weekend is upon us.  I'm waiting for the crash back down.

It tried but just couldnt do it.  I saw a $6600+ hit on coinbase but still building pressure at the 6500 area.  I just dont want the inverse head and shoulders pattern to fail.  If it suceeds, we should run to $7373ish before a correction and hopefully upward from there.

I agree that if ETF is delayed again (and it probably will be until March 2019) we will see more idiotic selling.  If price goes down i am happy to get more btc per dollar invested.  I truly believe btc will be adopted more in the future and be used to stabilize national economies.   

Give it all 20 years and maybe all these $200 investments will be worth $20000 each.  Or... Maybe 2.00 each.... Time will tell

[btc4peace]

ETF considerations will run all the way to Feburary in 2019 I think.   So I'm not especially thinking its a time scale or reason for recent movement.  Palestine is tied to Egypt and Israel in its money flow possibly, not sure anyone else is as influential.   Would Bitcoin be that useful to them, I think only if they earnt alot of money via solar panels perhaps and so BTC was useful in transmitting value from that source internationally.  
I think an island nation might have more use for BTC to over come isolation or distance and latency in their economy perhaps.   Where Palestine is one of the most densely populated areas in the world, its possible other places have more to gain but of course they could try and see of course I just dont imagine it as especially likely.


BTC now is at the tail of a downtrend, then going sideways.  The recent low I've seen previously as a kind of back check of that negative trend pricing, its possible thats a bullish sign.

So a reasonable target past that could be 50 ma which is 7000 but really I think closer to 7500 perhaps.   6300 I'll call as a line in the sand to maintain a positive outlook

So glad you mentioned Palestine and Solar.  Made my day.  I sincerely want to go there and do this type of thing via an ico that sharrs profits with token holders

[Tapyaks72]

No way are we going over 7k today.  If we get a good run we may get there by next week however the dreaded weekend is upon us.  I'm waiting for the crash back down.

It tried but just couldnt do it.  I saw a $6600+ hit on coinbase but still building pressure at the 6500 area.  I just dont want the inverse head and shoulders pattern to fail.  If it suceeds, we should run to $7373ish before a correction and hopefully upward from there.

I agree that if ETF is delayed again (and it probably will be until March 2019) we will see more idiotic selling.  If price goes down i am happy to get more btc per dollar invested.  I truly believe btc will be adopted more in the future and be used to stabilize national economies.   

Give it all 20 years and maybe all these $200 investments will be worth $20000 each.  Or... Maybe 2.00 each.... Time will tell

As what  I've seen in the bounce back is quite slow but surely no big set back hopefully it will continue to progress  these way as investors will flood for the coming ber  months  period in which many speculation that  the bitcoin price will go in a bull run as what happened last year,  case  now hands who grab and buy bitcoin while the prices is  low will surely profitable.

[wuvdoll]

We can't know if bitcoin will be $7k once again "today" or anytime but I am sure it will reach that soon enough, I am becoming more bullish on bitcoin prices because I have seen and talked with people that lost a lot of money during the December and afterwards drop and they realize what they did was a mistake and they are trying to recover that with getting at cheaper this time and that will cause bitcoin to go up from now on.

Maybe it will not be enough, maybe whales will fight for lower prices because short futures are making them tons of money and they gather bitcoin when its low and when it tries to get higher they sell what they gathered and with wave affect the price goes even further down with panic and they collect low again.

[STT]

We're holding that same line shown on the chart near 6500.    The interesting thing might be that we are declining in volume over time as we hold that position.
The 50 day average is rising slightly, 200 day declining at the same pace and 8 day average is underlining all the recent lows.  So BTC can be said to be in a positive phase still even though its not going anywhere for now.

What I suppose happens is the range like this constricts and breaks out with a much sharper movement up or down.  My personal guess is it does break up but has to confirm above 7317 to really go anywhere especially.   Considering how much BTC often does move, this holding is fairly unusual.  Still not thinking its tied to news of an ETF but I havent read tons on that

[ask]

This year bitcoin is not going to start a bull run.
Its just in a swing mode and swinging between 5k-8k.
I will buy around 5000 and sell over 7500$ this is a nice swing trade idea for now.

[Bustart]

We're holding that same line shown on the chart near 6500.    The interesting thing might be that we are declining in volume over time as we hold that position.
The 50 day average is rising slightly, 200 day declining at the same pace and 8 day average is underlining all the recent lows.  So BTC can be said to be in a positive phase still even though its not going anywhere for now.

What I suppose happens is the range like this constricts and breaks out with a much sharper movement up or down.  My personal guess is it does break up but has to confirm above 7317 to really go anywhere especially.   Considering how much BTC often does move, this holding is fairly unusual.  Still not thinking its tied to news of an ETF but I havent read tons on that

Bitcoin has its ups and downs due to its volatility. It has been its normal trend, its value is very unpredictable and uncontrollable. There can be drop in price but I still believe that market can recover at the course of time. Its current price is at 6.4k and can potentially get back on track, it can again hit 7k or higher. Stay positive and patience, don't panic, instead learn from every good and bad experience.

[kendedese]

why do you say "hello Palestine" on the thread?
countries that are in conflict will not have time to think about it, and bitcoin will never be the national currency of any country.

[icreative998]

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

good to hear that, i hope bitcoin will grow even higher from now on and hit 10.000$ by the end of this year. I got mine at 6000$ and always believe on bitcoin.

[aqila baruroh]

it looks like bitcoin prices will remain below 7k for quite a long time, with market conditions like this not easy for bitcoin to return to 7k. maybe this will happen 2-3 months to come.

[Michaelpascual]

It very nice to hear, thats the sign that the bitcoin amd the market are recovering just think positive and wait bitcoin will reach again the top just keep holding for now.

[OrangeII]

it looks like bitcoin prices will remain below 7k for quite a long time, with market conditions like this not easy for bitcoin to return to 7k. maybe this will happen 2-3 months to come.

well, maybe not today, but I think this week the price of bitcoin will experience a fairly high increase. I just hope that the price of bitcoin reaches a price of $ 7,000, or even higher at the end of this month, and hopes next month to be the beginning of the increase in bitcoin.

[cepot9]

yes this seems to happen because the bitmex market is off and making bitcoin rise. maybe bitcoin is down this is indeed a strategy to be able to buy at a low price before bitcoin rises

[BeeRoach]

I've seen some rumors that the current price jump of Bitcoin was connected with a poor situation with Bitmex. It was down for some reason today.

[Tappertit]

It’s a very good news for bitcoin holders. Bitcoin price will rise day by day because of some good project. New investor are try to invest here so I believe soon it will increase more. I think end of the year it will more than 10000 dollar.

[Actum]

Yes its true. Bitcoin price will increase a lot. Now the price of bitcoin is more than 7000 dollar. I think in mid September it will more than 8000 dollar. Bitcoin holders will lot of profit.