Is $6000 to $7000 the stable price for bitcoin?

[Thyristor]

6000$-7000$ is stable price from last some months. 7000$ was highest price in 2 months ago but at the moment i think 6000$+ will stable this year.
I think this is medium stable price range. BTC dominance still good even most of the coin price high in btc pair.

[thecodebear]

If by stable price the OP means for the next month or two then yes. Obviously not for the long term. The price will only stabilize when the market has been saturated (user adoption is close to its full rate), that could easily take another decade of growth to happen.

The price is stabilizing right now because the bear market is over and we are at the in-between point between bear and bull markets. This seems to have started at the beginning of this month after the last lower-high of the bear market at ~7400.  Likely Bitcoin will trade within this range between that last lower-high and the bottom around 6000. This might last a couple months or it might as long as to the beginning of next year. Only time will tell. My guess would be that November will signal the breakout and the slow start of the next bull market and we'll see a rise above 7500 to break the pattern of lower highs that has happened all year by the end of November and will see $8xxx Bitcoin by end of year. So it's stable in the short to medium term (2 - 6 months) because we have entered the period between the bear and the next bull market.

One event that could spark the end of this stable period and begin the next bull market that I've seen mentioned is that the parent company of the NYSE will open their Bitcoin exchange in November. This will be the first major step of a Wall St firm opening up Bitcoin services. If this next bull market is gonna be driven by Wall St finally entering Bitcoin November will likely signal the start of it. The short term stable price of Bitcoin has its days numbered and will likely be over by the end of the year.

[peter0425]

If by stable price the OP means for the next month or two then yes. Obviously not for the long term. The price will only stabilize when the market has been saturated (user adoption is close to its full rate), that could easily take another decade of growth to happen.

The price is stabilizing right now because the bear market is over and we are at the in-between point between bear and bull markets. This seems to have started at the beginning of this month after the last lower-high of the bear market at ~7400.  Likely Bitcoin will trade within this range between that last lower-high and the bottom around 6000. This might last a couple months or it might as long as to the beginning of next year. Only time will tell. My guess would be that November will signal the breakout and the slow start of the next bull market and we'll see a rise above 7500 to break the pattern of lower highs that has happened all year by the end of November and will see $8xxx Bitcoin by end of year. So it's stable in the short to medium term (2 - 6 months) because we have entered the period between the bear and the next bull market.

I wouldn't say that the bear market is over. There's a lot of traps going on right now, so its likely the price could really stay at the $6K-$7K for all we know. I do hope that November will be different as we are all tired of seeing this bullish trend. I understand that 2017 is different, but at some point we need to have a break out run and hopefully November can be the start and see the price to at least touch 5 digit mark at the end of the year.

[thecodebear]

If by stable price the OP means for the next month or two then yes. Obviously not for the long term. The price will only stabilize when the market has been saturated (user adoption is close to its full rate), that could easily take another decade of growth to happen.

The price is stabilizing right now because the bear market is over and we are at the in-between point between bear and bull markets. This seems to have started at the beginning of this month after the last lower-high of the bear market at ~7400.  Likely Bitcoin will trade within this range between that last lower-high and the bottom around 6000. This might last a couple months or it might as long as to the beginning of next year. Only time will tell. My guess would be that November will signal the breakout and the slow start of the next bull market and we'll see a rise above 7500 to break the pattern of lower highs that has happened all year by the end of November and will see $8xxx Bitcoin by end of year. So it's stable in the short to medium term (2 - 6 months) because we have entered the period between the bear and the next bull market.

I wouldn't say that the bear market is over. There's a lot of traps going on right now, so its likely the price could really stay at the $6K-$7K for all we know. I do hope that November will be different as we are all tired of seeing this bullish trend. I understand that 2017 is different, but at some point we need to have a break out run and hopefully November can be the start and see the price to at least touch 5 digit mark at the end of the year.

It is certainly possible that Bitcoin takes a step lower and breaks down through the ~6000-level support it's held all year, thus continuing and deepening the bear market, but that seems extremely unlikely at this point. Bear market means the price is moving down, the price is no longer moving down as the lower-highs have ended at ~7400 meaning their is nowhere for the highs to drop to since the support is ~6000, so we are now stuck in that range until the market is done shifting and the next bull market starts.

No the price won't simply stay stable at $6-$7k. Just like in 2015 it didn't permanently stay at $200-$300. The Bitcoin market is still very small and it is still very early in the game. A long term stable price of Bitcoin will likely be closer to $600k-$700k than $6k-$7k. There is zero doubt that we are in a short term shift from bear market to bull market (if indeed the bear market is now over, which seems very likely) and within a few months $6xxx prices will be long forgotten.

If you look at the last shift from bear to bull, it took the first 10 months of 2015 to make this shift. Right now we seem to be only 3 weeks into this period. Now I don't think we need to have any fear of this stable period lasting anywhere near 10 months. The last bear market was much longer than this one (13 months compared to 9 months) and there was nothing significant to pull Bitcoin off the bottom and start the next bull market back then. Bitcoin was much less well known, was not in the news constantly as it is now. Now we have Wall St firms preparing Bitcoin services, including major consumer company backed services like how Microsoft and Starbucks are backing the NYSE parent company's exchange that is supposed to hit in November. We have ETF decisions looming every so often that will eventually be passed, we have regulations being worked on by governments, we have Coinbase going after institutional investors, and overall there is just far more interest and attention on Bitcoin than in 2015 the last time Bitcoin entered this period. So yeah I think it is likely that we'll see a break above the last lower high of ~7400 and see the next bull market starting by end of the year, or at latest early next year.

[Ucy]

Bitcoin isn't meant to be stable nor meant to be controlled artificially. If we allow them to keep it at that price range nothing will prevent them from pulling it further below.
They could even use this to push the price of other Cryptocurrencies up while holding Bitcoin down and then eventually helping to rank rival Cryptocurrencies above Bitcoin. We just sit and watch.

[taratorly]

BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.

[Question123]

There is no stable price for the bitcoin But I hope the stable price become 10k dollars but until now after 2 weeks the price is still 6k dollars but I expeceted before end of this month maybe 7k dollars is good even 3 days only will end of september.

[STT]

We just broke past this moving average line showing the 8 day, its also where 50 day average price is as well.  Roughly we are positive when trading past this line I think, however the reason why we might be keep repeating this area is down to alt coins and how they deleverage into a bitcoin payment I think.

I'd say this area is stable only for as long as it serves a purpose to the market overall, the most agreed upon selling point.   When supply or demand unbalances then we get movement, but the theory could be that we are balanced by that alt coin flow

[ngesotcoy]

BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.

Bitcoin prices in the last two months tended to increase at the end of the month but fell at the beginning of the following month.  I hope not to repeat when the price hit $7500. I also want to see the price pass this milestone and stabilize for a short time there before continuing to increase.

[vintages]

No,  I personally don't think it is. I checked the price history of Bitcoin make my conclusion. In the year 2014, we had something similar to this where the price of Bitcoin keeps floating between $600+ -$700  close to two years. So may investors thought it was in it maximum price and sold out then came last year when it went all boom! All I'm trying to say is that we still haven't reached it maximum price.

[paragon07]

I think i said yes, bitcoin price will flow at the middle of $7k-$6k. That will be the stable market price at the end of the year.

[btcyoda]

Because the price of bitcoin is fluctuating or always changes at any time we cannot ensure the stable price because it can be one day bitcoin will rise or fall until we ourselves do not believe

Yes, it is impossible to guess the Bitcoin value where it is going to stable but it will not be stable at the 6000$ or 7000$ because slowly the price of Bitcoin is increasing and it is another sign where we can see the price will easily reach to $10k.

[OrangeII]

I think i said yes, bitcoin price will flow at the middle of $7k-$6k. That will be the stable market price at the end of the year.

well, I really hope that bitcoin prices are stable at prices above $ 7k. well, for now, prices are starting to rise again. although the increase is not so fast, but I hope the price increase is stable.

[rickadone]

There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

It looks like that. I mean look at the historical data for the past 10 months. The price has been between $6K and $7K for longer than it was anything else, it has spend more time between $6K and $7K than it has been $20k or even when it was $3k or whatever, prices usually move and swing a lot but this time it has been stuck here and whenever it goes below or higher it just drops back.

I have seen 6 thousand 600 dollars much more than I have seen in any price for bitcoin and I have been here for over 5 years. I remember it was like this back when it was around 300 dollars before it went back up to 900+ dollars, so I am assuming the price might do the same.

[d1ceplayer]

If by stable price the OP means for the next month or two then yes. Obviously not for the long term. The price will only stabilize when the market has been saturated (user adoption is close to its full rate), that could easily take another decade of growth to happen.

The price is stabilizing right now because the bear market is over and we are at the in-between point between bear and bull markets. This seems to have started at the beginning of this month after the last lower-high of the bear market at ~7400.  Likely Bitcoin will trade within this range between that last lower-high and the bottom around 6000. This might last a couple months or it might as long as to the beginning of next year. Only time will tell. My guess would be that November will signal the breakout and the slow start of the next bull market and we'll see a rise above 7500 to break the pattern of lower highs that has happened all year by the end of November and will see $8xxx Bitcoin by end of year. So it's stable in the short to medium term (2 - 6 months) because we have entered the period between the bear and the next bull market.

I wouldn't say that the bear market is over. There's a lot of traps going on right now, so its likely the price could really stay at the $6K-$7K for all we know. I do hope that November will be different as we are all tired of seeing this bullish trend. I understand that 2017 is different, but at some point we need to have a break out run and hopefully November can be the start and see the price to at least touch 5 digit mark at the end of the year.

I would not say that either, looking at the way things have been so far and the fact that we could still have more room to go lower, if the market peradventure ends up breaking below the descending triangle.

We might see some sideways movement between $6k and $7k for a while, and for bitcoin, I really won't be expecting so much, which I believe only the alt market may actually end up having a run for it, and then going back down once bitcoin starts showing the other side. For now, we can only just wait to see how things would end up happening with bitcoin.

[Lucius]

There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

Price is between 6000$ and 7000$ for months, this is hard fact and there is no need to ask whether this is stable price - the bottom has been touched several times and 5800$ is shown strong resistance. That's the current situation, but that does not mean that it is not possible that the price for some reason falls below several times touched bottom.

As has been said many times we are now in period of recovery and accumulation after last year events, it always happens after big pumps - so we can stay in current price range for months, there is no some good signs on the horizon which could announce more serious upward trajectory. However people will still hold on ETFs or maybe still underestimated Bakkt project for new pump.

[carlisle1]

There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

For me I believe the bottom wasn’t been happening so this is not the stable price ,maybe value seats longer but now meaning permanently tomorrow is the decision of ETF so we might seen movements depend on what is the decision tomorrow for the truth value of prices and from there we will be consistent in answering such questions

[bozo333]

I think i said yes, bitcoin price will flow at the middle of $7k-$6k. That will be the stable market price at the end of the year.

Bitcoin is not stable Cryptocurrency because it is a decentralised platform so no one is predict the future possibilities of Bitcoin. I expect it will going to moon on end of the year. Because lot of positive news are nearly waiting for crypto market so wait and see the future result.

[Xenoph0bia]

There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

For me I believe the bottom wasn’t been happening so this is not the stable price ,maybe value seats longer but now meaning permanently tomorrow is the decision of ETF so we might seen movements depend on what is the decision tomorrow for the truth value of prices and from there we will be consistent in answering such questions

I guess Bitcoin's price is between this range only from a very long time now and it is unable to rise from this range. Bitcoin is very volatile because its value depends upon a number of factors.Demand and supply forces play a roll in determining the price.If the demand rises then the price will definitely rise and if the demand falls the price will also fall.People are also selling their Bitcoins at lower price only because they are suffering from losses.But one should understand that holding their Bitcoin for future will give them good profit returns.

[el kaka22]

BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.

Which I believe with the volume recently, we might see an attempt towards that region, but breaking it upwards, or coming back downwards to have a retest of the $6k support is one thing we would likely see and in the situation where we get to see a huge breakdown lower below the $6k support, we might start seeing some huge move downwards.

Moreover, I still believe the market may take some time to get to the $7k region or a bit higher which would give the altcoins chance to do good for themselves within this short period of time.