Bitcoin Breaks $5,600 As New Highs Are Achieved For 2019

[JessicaVL]

It is all green once again across the top cryptocurrencies as Bitcoin crosses $5,600 for the first time in 2019, setting up the market for an upward movement that has been anticipated by many.
Read more here: https://www.cryptofish.com/blog/bitcoin-breaks-new-highs/

[Baofeng]

You spoke too soon, as per coinmarketcap, the price is already on it's correction, at -1.23% and currently standing at $5,499.09. And so we don't want to talk about this new highs in 2019, it's too early to celebrate much better if we are going to look at the next quarter and see if there's a big price difference. Although this year it's good to see the price somewhat bounce back from the last all-time-lows. So let's see how dip this pullback goes.

[Nadziratel]

My guess is that in a few months we'il be close to 10K. This is because the price of bitcoin before halving always starts to rise. And I guess, it has just already started.

[masker0817]

There may be more ups and downs, the overall up trend is not changed even in 2018. Another dip below 4000 will be a great chance to buy more bitcoin for many who have a stable income but not much savings.

[rdbase]

Many speculate this is the start of a bull run in the market but it is still too soon to tell because what news was there to back this up?
Usually to have it sustain and hold this upward trend there has been some good news in the cryptospace right before it happens.
This was the same when it reached its all time high but this time what news was there? I havent seen anything of significant importance to mark this as a strong bull run like it was last year.

[n0ne]

Now after crossing the $5600 it has fallen reaching $5500. Along with bitcoin each and every altcoin has declined in value. Further when this will move forward is still unpredictable, same as that we don't know to what price it is gonna fall. Going through the market scenario it looks like that the price will continue to rally forward.

[alisafidel58]

It's already down at $5,463 (as I'm replying to this) don't trust too much on what you read over a blog or a crypto related website. And it seems that Baofeng is right that there is a correction on right now with the price of bitcoin. We all anticipate too much on the price and yet we are forgetting that you cant anticipate or predict bitcoins price because of its volatility.

[BlockXSphere]

It's already down at $5,463 (as I'm replying to this) don't trust too much on what you read over a blog or a crypto related website. And it seems that Baofeng is right that there is a correction on right now with the price of bitcoin. We all anticipate too much on the price and yet we are forgetting that you cant anticipate or predict bitcoins price because of its volatility.

There is always a correction on every solid green bars. Don't over read TA guys as they didn't know themselves if their prediction is right or wrong. As you said, BTC price is very volatile and so the TA will not gonna work since it can be easily manipulated. In conclusion, Just HODL BTC since it's the future. There's a lot of things to be considered to stay bullish as always.

[antisocial77]

according to my graphic, its going to back 5270 to retest, then up to 6010.its not possible to brake 6k in first attempt so i think its going to stay between 5250-6000 for a while. i hope this scenerio will happen because alts going to breath and we really need that.

[okala]

Bitcoin is still at it correction stage and the price of bitcoin is gradually gaining ground and the chart is turning green, the bull is about to start running. And haven achieved $5600 price is the highest all time high in 2019 after the market crash of the year 2018.

[lyks15]

I am not surprise that bitcoin already hit in $5600 now. Because all we see the number of merchant who already accepting bitcoin as a payment and now that bitcoin's value is increasing many investors are now giving they trust to invest of bitcoin. And I am also believing that bitcoin will beat it's own price value $18000 last 2017.

[cogentjm]

Correction is started.. slowly but from last month everyday grow..

[pushups44]

It is all green once again across the top cryptocurrencies as Bitcoin crosses $5,600 for the first time in 2019, setting up the market for an upward movement that has been anticipated by many.
Read more here: https://www.cryptofish.com/blog/bitcoin-breaks-new-highs/

The bias is upwards at this point, but bitcoin is highly volatile and is known to dip shortly after each golden cross before resuming higher. The golden cross points to the early stage of a bull market.

[alyssa85]

Correction is started.. slowly but from last month everyday grow..

Everytime the mempool gets full, it starts correcting:

https://jochen-hoenicke.de/queue/#0,2w

It's maddening that after all this time it's still not fixed.

At some point an alt will appear that doesn't have these problems and will gain market share.

[Pab]

Already below 5500 $ can drop to 5200$  maybe it will be more healthy even
Break 6500$ will be very hard and we need more time for that
There was big hype yesterday about golden cross so if golden cross will work in positive way then we will see that from tomorrow rather
But it  dosn't work in a case of ETH
There is also golden cross on ETH chart

[Shinpako09]

according to my graphic, its going to back 5270 to retest, then up to 6010.its not possible to brake 6k in first attempt so i think its going to stay between 5250-6000 for a while. i hope this scenerio will happen because alts going to breath and we really need that.

It's fine to see the price decreasing like that. It's normal, some are taking profit. As long as the price showing resistance in $5k, it's all good. I expect again a decrease like this if we reach $6k and will go up again and will going to show resistance in $6k for the 2nd time btc reaches it.

[bitcoin31]

That is the highest value bitcoin reached this year 2019 and I believe not only that because it will rise more than and we believe on that because for sure bitcoin can rise more because many investor to invesg again. Im so much happier before end of April I hope price turn into $6000 or first week of March.

[The Cryptovator]

We are facing little pullback even bitcoin touched $5.6k. But I think current trend is healthy enough and we will not see big pullback. Yes, this is all time high for 2019 only but we are too far from ATH. Although I am not expecting that this year would cross ATH but at leas should break $10K zone end of this year. Investors are coming back and few positive news around market. So up trend should continue since bitcoin holding strong zone of $5K.

[Kemarit]

Everytime the mempool gets full, it starts correcting:

https://jochen-hoenicke.de/queue/#0,2w

It's maddening that after all this time it's still not fixed

Obviously, it's clogging because transactions (buying/selling) also spiked.

Many speculate this is the start of a bull run in the market but it is still too soon to tell because what news was there to back this up?
Usually to have it sustain and hold this upward trend there has been some good news in the cryptospace right before it happens.
This was the same when it reached its all time high but this time what news was there? I havent seen anything of significant importance to mark this as a strong bull run like it was last year.

Of course, sooner or later we will see some corrections along the way, there's nothing to worry about as it's on the 'overbought zone', and as a result people started to sell right now. We can say that we are still in the bull-run though, maybe at the end of the week we will see the price going to $5600-$6000. I read that people are also categorizing bull-runs right now, so I might say that we are "mildly" in the bullish zone.

[Ayiranorea]

That is the highest value bitcoin reached this year 2019 and I believe not only that because it will rise more than and we believe on that because for sure bitcoin can rise more because many investor to invesg again. Im so much happier before end of April I hope price turn into $6000 or first week of March.

The price for 2019 is reached and the same didn't last for a longer time period. Now for few days or weeks time the price of bitcoin will move between two end prices and further we can experience gradual growth of bitcoin. Moreover when the price of bitcoin cross the $6000 can confirm that the bull market is confirmed.