Bitcoin is heading back to $6k

[pinoycash]

Really confused with market moment. Other's opinion, news, analyses and growth trend do not support me to guess and trade. I bought few best coins when the market was in red for 3 continues days. This is again the 6th day, the coin remains falling down. To be open, i bought BNB when it was 24 dollars hoping for minimum a dollar growth in 3 days. But now it is $21 plus. A good coin, bullish market situation but the value is falling down.

Do not buy when it was in all time high, Usually every time a coin reach an ATH its immediately follow by a slight dump. You should have wait a few more days for correction before your buy BNB,

BTC is having a bad day today most market are in red condition after a series of green days.

[Slow death]

What do you think about market behavior today?

one day after you make this post the price fell

Do you think the bitcoin is going to back $6k or not? thanks

Of course in the future the price will be higher than $ 6000, this is something you do not need to ask

Rumours that hedge funds and other equity funds will start buying BTC.

stop believing in rumors

It depends $6000 is very now because we are in the price of $5,572 and we only need more than $400 before it reach again that value.

now we need more than $ 500 to see $ 6000

Am very optimistic that we are going to arrive at $6000 before this weekend as the market keep progressing in a positive dimension.

I do not believe we'll see $ 6000 this week, maybe 2 weeks or 1 month

[klaaas]

I do not believe we'll see $ 6000 this week, maybe 2 weeks or 1 month

How do you think so ? It isnt even clear what the rates will do and/or if we fall further on the chart. I hope so but it isnt set in stone yet.

[Finestream]

You're damn right @OP, Bitcoin is actually gathering momentum to rise again. Waking up and seeing Bitcoin making such a jump in value actually put smiles on the faces of most crypto enthusiasts. To all those who are still waiting to see another bottom of bitcoin before they invest should think twice because i doubt bitcoin's price would come that low again.

Right.The market is heading into a bullish trend and i think the market price won't just dump easily just like the price we had before.So invest now and do not wait for more dropdown of price because the more you resist from investing,the more opportunities you have been ignoring that will make you regrets at the end of the day.

[pushups44]

Lately the shorts have gotten eaten alive, which has helped boost up the price. On the other hand there will always be profit-taking after a substantial rise like the one we've had. My guess is that the market will take a breather and will resume higher very soon. $6,000 will be an easy target in the next few weeks, IMO.

[Oceat]

Great! Bitcoin is starting to gain its price from huge price correction and sooner or later we will see the quite reasonable price to maintain at a stable price. It may be slow before Bitcoin starts to gain its price but at least it's quite stable. People who find it unstable should look at the price history and their gap range.

[daarul50]

Investor confidence began to increase again against bitcoin as an asset to become an investment in both the short and long term. The increase will continue to occur if the market volume continues to increase, the increase that occurs also looks very healthy and far to be said to be a bubble. Maybe if conditions like this continue to increase significantly even it looks like the price of bitcoin will be more than $ 6k

[UNOE]

This prices have nothing to do with demand and offer
Think about it... 99% of coins are in the hands of a few .. They can choose the price they want ..
Isnt that obvious ??

Isn't obvious that they will choose or make higher prices if they can move price just like they want?

This downtrend has just started and will stay for  more than 3 years or even forever.

Good luck with that, short! Your order will be liquidated this year or stopped with loss...

BTC is looking great again. But we will see massive resistance around 6k USD per BTC. So be prepared for scenario where BTC could head lower. This scenario is most likely for my case. But in bullish scenario in which BTC goes trough 6k USD per BTC in next months or in half a year, it will probably come back to 6k level to test that area as a support, so you will get another chance.
I think that we have between two or three waves more until that bullish scenario which could be in 4th quarter of 2019.

[kemetz]

every time there is a significant price increase will definitely experience a price correction again and we can see in a few moments after the price has reached around $ 5600 and then back correction and everything decreases, it may not be time for a bitcoin to reach $ 6k in the near future the price is a little too many people sell it to be able to take advantage of the situation of the increase.

[Twinkledoe]

Great! Bitcoin is starting to gain its price from huge price correction and sooner or later we will see the quite reasonable price to maintain at a stable price. It may be slow before Bitcoin starts to gain its price but at least it's quite stable. People who find it unstable should look at the price history and their gap range.

Better slow increase rather than drastic rise. This kind of price movement is more stable than a steep climb. As adoption is growing everyday, no doubt we are experiencing a slow increase of bitcoin's price. And of course, this is great news to all of us crypto enthusiasts!

[cahbagus555]

Great! Bitcoin is starting to gain its price from huge price correction and sooner or later we will see the quite reasonable price to maintain at a stable price. It may be slow before Bitcoin starts to gain its price but at least it's quite stable. People who find it unstable should look at the price history and their gap range.

Better slow increase rather than drastic rise. This kind of price movement is more stable than a steep climb. As adoption is growing everyday, no doubt we are experiencing a slow increase of bitcoin's price. And of course, this is great news to all of us crypto enthusiasts!

I am agree. When the price rise drastically, its seem suspicious and its like pumped. We must be remember when bitcoin pumped to $20k in 2017 and after that the price drop to $3500. Its better if the price grow slowly but sustain

[Moiyah]

The possibility of reaching $6k is high. But it will still go down to $5200-5,300 as some speculates it to be slowly going to bull run a few months or weeks from now. We can not still be sure that it will go up to $6k easily. There are still hindrances and if you look at the market, it was stable for a while before dumping and then will go pump for a few days again.

[wuvdoll]

I think you can call it whatever you want either "trend" or "support/resistance" or whatever but in the end we all know bitcoin stops at certain prices when it hits those numbers and than moves between those numbers much quicker.

For example, this was very very clear on 4200 level, its not that clear right now so I am going to give example from those days. People saw that bitcoin couldn't break 4200 a few times and started to trade according to that, they sold at 4200 and they bought lower which made it even harder to break the 4200 levels.

This is happening the same today as well, we try to go up and when we fail we go back down a bit and people sell their coins at high which makes it harder for us to go even higher, if people just hold their coins instead of selling we could break more barriers and get even higher.

[beerlover]

I don’t know if I am to sympathize with you or not, how could you listen to people’s opinion without a strong conviction, you could have as well just carried your analysis and study to confirm if his prediction is right or not, now that we are already heading to $6000, you better still buy it now, and keep.

If you wanted to trade, you would have just split the money into 2, half for longer term investment and the remaining half for trading, but anyway, you still go the chance, because from $6000, we might really be heading towards $10,000 soon, so I don’t expect any price reversal again for now till further notice.

How could you listen to someone's opinions if you have seen the market making it to a bullish trend? So sorry for that but i think there's no chances for regretting because there are still great opportunities ahead. Just keep holding some of your coins and do not let other people control your mind. We can gain huge profits as  the price reaches another peak.

You know that many of us work with intuition a lot, I almost made that same mistake too if not for the intervention of technical analyses, it was from their that I studied the price movement for my trade and the moment it gave a green signal, I had to hold back, and I am glad I did not follow my emotion.

The difference between mine and his is that I have money that I have already invested in BTC during the bear market and that one has been tied to BTC ATH and till I see Bitcoin ATH before I can consider touching that, so I have a spare money that I can throw round the market for short term trade, and if one is to be successful in that, our analysis tools are what should matter most and not just opinions.

[nur rochid]

I don’t know if I am to sympathize with you or not, how could you listen to people’s opinion without a strong conviction, you could have as well just carried your analysis and study to confirm if his prediction is right or not, now that we are already heading to $6000, you better still buy it now, and keep.

If you wanted to trade, you would have just split the money into 2, half for longer term investment and the remaining half for trading, but anyway, you still go the chance, because from $6000, we might really be heading towards $10,000 soon, so I don’t expect any price reversal again for now till further notice.

How could you listen to someone's opinions if you have seen the market making it to a bullish trend? So sorry for that but i think there's no chances for regretting because there are still great opportunities ahead. Just keep holding some of your coins and do not let other people control your mind. We can gain huge profits as  the price reaches another peak.

You know that many of us work with intuition a lot, I almost made that same mistake too if not for the intervention of technical analyses, it was from their that I studied the price movement for my trade and the moment it gave a green signal, I had to hold back, and I am glad I did not follow my emotion.

The difference between mine and his is that I have money that I have already invested in BTC during the bear market and that one has been tied to BTC ATH and till I see Bitcoin ATH before I can consider touching that, so I have a spare money that I can throw round the market for short term trade, and if one is to be successful in that, our analysis tools are what should matter most and not just opinions.

right, good analysis and strategy will determine our success in this business. we know prices are starting to respond lately. and of course this makes our psychology stronger, and therefore regrets those who panicked before

[Farma]

The possibility of reaching $6k is high. But it will still go down to $5200-5,300 as some speculates it to be slowly going to bull run a few months or weeks from now. We can not still be sure that it will go up to $6k easily. There are still hindrances and if you look at the market, it was stable for a while before dumping and then will go pump for a few days again.

for now, stability may continue. but, slowly but surely. we all wait for that to happen. to date, the price of bitcoin has reached the price of $ 5600, and has declined slightly. I really feel that the price of bitcoin will return to the price of $ 6000 in the near future.

[bitbunnny]

It looks like 6000$ is very close but still the price is fluctuating a bit back and forth. I  have the feeling that some users start to sell as soon as they see the price is on the rise, not having enough patience to wait longer. This might influence the price movements too. Anyway, to my opinion the price will stay in current range for a while and will not touch 6000$.

[hahay]

It looks like 6000$ is very close but still the price is fluctuating a bit back and forth. I  have the feeling that some users start to sell as soon as they see the price is on the rise, not having enough patience to wait longer. This might influence the price movements too. Anyway, to my opinion the price will stay in current range for a while and will not touch 6000$.

It is precisely with a range like this that prices will touch $6k very soon, patience to keep waiting is only a theory which in fact most of them will sell when prices start pumping up. This is a good period to keep holding and even buying because with the large adoption going on it will increase the price of bitcoin, of course it has become a hope for us all to see the market to recover.

[uszaty43]

Can't wait to see bitcoin hitting the $6k landmark and i know perfectly it is going to rise way better than what we are seeing. This is just the beginning guys and as i have been saying all along the time, hold some bitcoin because bitcoin is surely going to reach another all time high.

[Vektrum]

I think that changing the price of Bitcoin by several hundred dollars is important for traders who trade in it, and for those who simply keep it much more important how much it will grow in the long run. For example, I believe that now the popularity of Bitcoin has returned to growth and its price will gradually increase with short-term and insignificant price drops. Those who believe that the price of Bitcoin will exceed previous price highs have no reason to worry.