Bitcoin is heading back to $6k

[LeGaulois]

Probably but I prefer to wait to be sure it can hold firmly above $5,500. I posted in an earlier topic, with graphs that would suggest that we are currently in the pre halving period (if I can say it like that). Which is a pretty plausible explanation. The transactions volume seems to follow as well. After all the suffering we have endured lately, a little fresh air is good for us.

[Crypdon]

The golden cross is a clear sign that you should not sell any bitcoins now or in the near future. The pumps are fast and you will miss all the action

[hugeblack]

   * BTC Dominance = 53.02% - Up(0.4%)
    * Total Market Cap = $187.02B - Up (3.9%)
    * Total Volume = $ 57.43B - Up (16.4%)

All this information is not a convincing reason to say that the price could rise and break the $ 6000 barrier.
Also, the price rose from $ 5,300 to $ 5,600, an increase of $ 200, which is a normal increase and can not be relied upon as an indication that the price will break the $ 6000 barrier, at least we will not get more $ 6,700 soon.

What do you think about market behavior today? Do you think the bitcoin is going to back $6k today or not? thanks

Normal increase. No, at least not today.

[yulchatar]

Very good news. I think those who have been accumulating bitcoins all this time are now feeling good. And they continue to accumulate since there are all the prerequisites for this.

[Hamphser]

What do you think about market behavior today? Do you think the bitcoin is going to back $6k today or not? thanks

These kind of questions is always been asked since the beginning because we do know the nature of crypto.It can increase on a short span of time and it
can dump on the same time as we speak. Good to see that we moved upward on the price on the entire market and for bitcoin then its good to see that
it will surely try this time to break that 6k resistance but yet we aren't still sure.

[harizen]

I am really not happy seeing this report, i made the greatest mistakes of my life last night, someone i believed in so much that bitcoin will not climb above $5400 before retracing its step back to $4500 and then speeding up to BULL, i was mislead by him and i sold my coin, only for me to wake up this morning and found out that bitcoin had broken the $5500 resistance

Not because the price breached the $5,500 level, we can now conclude that it really breaks the "resistance".

There is no bull or bearish resistance in the first place around that level. We can't called a price level as having a strong "resistance" if it will just lasted for about few days. Technically, the bull impact takes places on that level and the momentum continues to the current level.

What to do now? It will be a game of patience for you. Remember that not because the price is almost going to breached $6,000+, it will be surely happen. We can't just closed the doors for possible price swing to where the trend started. If you are eyeing for long term, anything around $5,000 is considered as cheap price by speculators.

[passwordnow]

I am really not happy seeing this report, i made the greatest mistakes of my life last night, someone i believed in so much that bitcoin will not climb above $5400 before retracing its step back to $4500 and then speeding up to BULL, i was mislead by him and i sold my coin, only for me to wake up this morning and found out that bitcoin had broken the $5500 resistance

It already happened so don't dwell with that mistake and start learning from that. You can listen to someone that gives you his/her opinion about the market but don't let him influence your decision making. It is not too late to get in before this bull run continues up to 5 digits again. You need to buy before that happens and if there will be some bad news and bad predictions, learn to hold and believe with what you are doing. HODL and you will be fine.

[Harlot]

In terms of price increase I think that Bitcoin's price movement is a little bit fast and is scary to think off. Right now the market confidence is at its highest since Bitcoin declined and this might be another recipe for a disaster if things move fast for Bitcoin. Fast movements and long terms goals doesn't really coincide as I imagined people have set their target prices above 6,000$ this might be good for the profit takes but for us hodlers we might see another downtrend sooner than when we think it will happen.

[playboy654]

Yes it will not a big achievement right now it will definitely take it easily but I expect a lot more development and I think it will definitely possible from seeing the changes in this market suddenly and I hope it will definitely actual the biggest value at the end of this year more than 2017

[Idrisu]

Wow, the bitcoin is very bullish today.
It appears the bitcoin price is heading back to $6k.
The bitcoin market cap added about $6 billion in 2 days as i speak.
The entire cryptocurrency market adds about $12 billion within the last 48 hours.

    * BTC Dominance = 53.02% - Up(0.4%)
    * Total Market Cap = $187.02B - Up (3.9%)
    * Total Volume = $ 57.43B - Up (16.4%)

What do you think about market behavior today? Do you think the bitcoin is going to back $6k today or not? thanks


  

If you are a holder you will be happy with the current happening in the cryptocurrencies market but if you are waiting for bitcoin to pull back so that you can buy at the cheapest price then you maybe going out of the next bull run.  I like what is happening because I desire bitcoin to be going up the more.  I think the next resistance is around $5870 and if that is broken then bitcoin will be heading towards $8000.

[xvids]

Yes and let's hope that it would continue to climb up.
I am not expecting too much like the pump in 2017 I want it to be slow and be able to build a solid wall  so it wouldn't crash down again.

[iamMhew]

Looks like it will, base on the trends for the past weeks and days, BTC is breaking  resistance level from time to time.
And so the support level are entering a new high price level every week. I think the more and more investors and the current investors inreases their cryptocurrency portfolio. The sentiments are really positive on this period.

[n0ne]

In a short it has crossed the $5500 barrier, and I believe there will be a fall back to a price low to $5500 and further once again the price will rally towards $6000. Probably this will be reached before the ongoing month end as the present month has been highly supportive with the growth from the beginning. Once after $6000 can expect good growth taking place with time.

[MakeMoneyBtc]

I think we've all been waiting for this and it's time for bitcoin to go up and get everyone back in profit as we've been hodling for quite a while now. Right now the price is stable at 5500$ and that's a good thing since that was lower a few days ago. I think we will see again a big spike overnight that will take the price over 6000$ in a matter of minutes

[breathlessz]

I think we've all been waiting for this and it's time for bitcoin to go up and get everyone back in profit as we've been hodling for quite a while now. Right now the price is stable at 5500$ and that's a good thing since that was lower a few days ago. I think we will see again a big spike overnight that will take the price over 6000$ in a matter of minutes

I hope it can break through $ 6000, because I think resistance is still in that area. and now the price is just waiting for the time to surge upwards, because it has tried several times to penetrate it

[jambul_kribo]

I think we've all been waiting for this and it's time for bitcoin to go up and get everyone back in profit as we've been hodling for quite a while now. Right now the price is stable at 5500$ and that's a good thing since that was lower a few days ago. I think we will see again a big spike overnight that will take the price over 6000$ in a matter of minutes

it will happen if bitcoin price could break $5800, we hope big spike wil happen not long time anymore.we've tired facing this condition, our porrtofolio asset value decrease alot and much of investors stressed with this condition.we hope some good news could support bitcoin price again.

[jakelyson]

The golden cross is proving to be a good sign of the bull trend. Yeah, we are near to breaking the 6K resistance. It may happen anytime in the next 3 days. There may be some minor pullbacks before it will eventually break through 6K.

[yusupjatigumilar]

I am sad to be happy. sad because I didn't have time to buy more bitcoins in the back when the price of bitcoin was very cheap maybe I could get a lot of bitcoin and a lot of profits. Happy because if bitcoin rises then it is likely that the price of other crypto currencies will also rise even though it has not yet had a significant impact on the other crypto currency markets.

[Xising]

The market is indeed bullish today just around 7 am this morning we have $5500 bitcoin price and now $6611 that is indeed massive positive movement within a short period. Am very optimistic that we are going to arrive at $6000 before this weekend as the market keep progressing in a positive dimension.

Hopefully, we are really in the bullish market right now. I mean, many have been waiting for it for the longest time, just like a drop of rain in a long standing drought. It's a breath of fresh air seeing that the market is still alive and kicking with some good and positive change ahead rather than the constant dips and falls. Also, it sure is a good sight to see because, most of the time, when Bitcoin climbs in value, it goes the same for most altcoins that most people follow through. Which means, the market will be filled with transactions and movement again. I am just hoping it continues.

[acholagi]

There is still time for us to take bitcoin at the current price before the price rises again. so we must be able to take advantage of this moment to be able to benefit! the market will return. in the last 24 hours the increase in bitcoin is quite good and hopefully it can continue. people have long waited for the market's rising moment