Another uptrend has shaped up trying to break $5600 again

[Adriano2010]

Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

[Oceat]

Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

I don't think it will hit more than $6000 within this month or reach $7000, but i believe there is a big possibility that it will hit $6000 within this month. If there is a big fomo that will be coming it will eventually change the price and may reach the resistance price within a couple of weeks.

[Idrisu]

That trading area has been breaking and bitcoin is heading toward $6000 maybe before the end of today or tomorrow it is going to cross that level.  I think we are not going down now as many people have speculated but going towards $6000.

[Fredomago]

Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

I don't think it will hit more than $6000 within this month or reach $7000, but i believe there is a big possibility that it will hit $6000 within this month. If there is a big fomo that will be coming it will eventually change the price and may reach the resistance price within a couple of weeks.

It can hit more than $6k if the momentum will continue, there's no assurance but we are seeing good response from the market, if more and more pressures to go up then the bull will continue being strong and try to hit another barrier, though $7k is tough to climbed but if there's more positive
movements who knows how long it can be touched.

[Gaff]

That trading area has been breaking and bitcoin is heading toward $6000 maybe before the end of today or tomorrow it is going to cross that level.  I think we are not going down now as many people have speculated but going towards $6000.

Indeed, this will continue to prosper as uptrend price will gain more demands onwards. Many of us now take action with positive news behind bars, so just wait and always control your emotions. Don't act quickly, you must think seriously and avoid panic. Because when you give up and don't have patience on what has been through, everything will be worthless.

[Pattart]

It will probably break and go higher than $5600 but base on how I see it $6000 won't be the price floor and it can go up and down within $200 dollar range, $6300 and above is just a mere optimism it may happen but not that fast the possibility is too low but there is still a chance. We have few news regarding bitcoin and it won't get hype without any event that might trigger the alarm, prediction wouldn't be that necessary unless something unexpected occur.

Prices always fail to reach $6000 because many users continue to do panic selling and make prices stuck and fall back again.
we need a stronger leap so that panic selling is no longer a barrier to price rise

[Cherylstar86]

That trading area has been breaking and bitcoin is heading toward $6000 maybe before the end of today or tomorrow it is going to cross that level.  I think we are not going down now as many people have speculated but going towards $6000.

  Most investors resemble to invest bitcoin as its current value has shown gradual pump which gives people's hope to contour the asset in appropriable way.  Recently, the value was heading up to $6k and with our positive determination, bitcoin will conquer this kind of scenario and will continue to exceed eminently profitable.

[noormcs5]

Well 5600$ has been broken, and i think the price will go to over 6000 $ this month with high chances to hit 7000$, and now bitcoin is still a good option to invest and hold for long for a higher profit.

I do not think that bitcoin prices will cross 7000$ anytime soon. We may now see some retracement in bitcoin prices. We have some support at 5500$ and a major support at 5150$. I think bitcoin will touch these support and then move up again to cross the 6000$.
Just remember that bitcoin will not go straight up without being Pull back.

[talkbitcoin]

UPDATE:
the uptrend seems to still have a strong buy support behind it and the general market attitude seems to want the price to go upwards but that is not the only force, another force against this has shaped up that is keeping the breakout from happening and it is still because of a couple of FUDs about bitcoin including the bitfinex one and also a new one about China.
the result in my opinion is only postponing the breakout for a little while. we may see the rise by next week.

[carter34]

We have some support at 5500$ and a major support at 5150$. I think bitcoin will touch these support and then move up again to cross the 6000$.
Just remember that bitcoin will not go straight up without being Pull back.

Yes bull backs come but I think we have already seen that hit at $5150 last week, I believe the bounce off is what has prepared price on the increase we have seen so far and more increase should come after $6000 is broken.

[wuvdoll]

I don't know what to say about this but bitcoin literally pushed for 6 thousand dollars, it went to as high as 5875 in some places and fall back down (some places even broke 6 thousand but temporarily) right now its around 5750ish or so in many places but I can't believe how quickly we have been testing new highs lately.

I have no reason why it would do that but I feel like people have sensed that if we push all together than the 6 thousand dollar mark is easy to achieve. We are going to have to wait and see what will happen soon but if we keep grinding higher like this for a while I am not doubting that we will break that 6 thousand barrier and move to 6.5 thousand dollars at which point everything changes. We go back to pre-November prices and test for another all time high after that.

[arpon11]

We have some support at 5500$ and a major support at 5150$. I think bitcoin will touch these support and then move up again to cross the 6000$.
Just remember that bitcoin will not go straight up without being Pull back.

Yes bull backs come but I think we have already seen that hit at $5150 last week, I believe the bounce off is what has prepared price on the increase we have seen so far and more increase should come after $6000 is broken.

That is the truth  "more increase will come when bitcoin broken $6000" trading area.  I do believe that bitcoin has resume it upwards movement and what makes it to push down a little is because traders are trying to take little profits along the line and not that bear still have dominion over the market.  It is truth that we can start to buy now if we have a long term investment views in mind as bitcoin has already created a part for uptrend.  

[LeGaulois]

UPDATE:
...

I'd rather be willing to bet the opposite; it's only a matter of days before this rise (which nobody has been able to explain yet) stops, the market's enthusiasm will also calm down very quickly. Remember that the Bitfinex's drama didn't really start yet, there is currently no judgment, or I don't know what.

When you check the average volume for the last 24h we have near the same level as back on Dec 17 - Jan 18. I suppose it means we have the same "excitement" when the ATH was here. Which is a good signal... but where the fuck is the ATH ?

[BlueStackz]

It can hit more than $6k if the momentum will continue, there's no assurance but we are seeing good response from the market, if more and more pressures to go up then the bull will continue being strong and try to hit another barrier, though $7k is tough to climbed but if there's more positive
movements who knows how long it can be touched.

Most value that BTC has touched in the past few months has really not been easy for it to touch, but despite how tough it is, the time it uses in breaking the barriers and resistance is still very short, if bitcoin can continue with this rally, it may find it quite easy for it climb to $7000.

Reason why I feel it will be easy is because we have not seen any major dumb for now that will give another big distance between the current value and the later value. Though many people have speculated a retrace, but I don’t think that is going to happen anytime soon, I only expect dip retrace now when we hit the ATH again.

[Barbut]

UPDATE:
...

I'd rather be willing to bet the opposite; it's only a matter of days before this rise (which nobody has been able to explain yet) stops, the market's enthusiasm will also calm down very quickly. Remember that the Bitfinex's drama didn't really start yet, there is currently no judgment, or I don't know what.

When you check the average volume for the last 24h we have near the same level as back on Dec 17 - Jan 18. I suppose it means we have the same "excitement" when the ATH was here. Which is a good signal... but where the fuck is the ATH ?

ATH is waiting for us somewhere in the future, for couple years, more or less. I think too that people are too excited with this rise, we need to wait and see what will happen with tether case. Some thinks that that situation can have big effects on crypto, some disagree, I think its best to wait and see.
What push bitcoin price now is probably some big buy orders, I saw some news about new miners released, maybe people are buying bitcoins to buy miners.

[Kelvinid]

We are stuck for more than a year and maybe this year will be a great days for crypto. It is too positive to look that Bitcoin keeps on moving little by little and surpassing $5600 will be a step to finally takes bull run. We are too excited to witness it again and I really miss those days(2017). Do I believe that it won't happen again but at least we saw our market recovers after all.

[Duzter]

We are stuck for more than a year and maybe this year will be a great days for crypto. It is too positive to look that Bitcoin keeps on moving little by little and surpassing $5600 will be a step to finally takes bull run. We are too excited to witness it again and I really miss those days(2017). Do I believe that it won't happen again but at least we saw our market recovers after all.

The market reached high above $5800 soon after surpassing $5800. After reaching high the price of bitcoin have fallen low and now once again taking momentum reaching close to $5700. Maybe this time the growth will continue reaching $6000 which will take the market grow further towards a new ATH.

[webtricks]

UPDATE:
the uptrend seems to still have a strong buy support behind it and the general market attitude seems to want the price to go upwards but that is not the only force, another force against this has shaped up that is keeping the breakout from happening and it is still because of a couple of FUDs about bitcoin including the bitfinex one and also a new one about China.
the result in my opinion is only postponing the breakout for a little while. we may see the rise by next week.

Yeah. The demand is once again hitting the all time high. On 4th April we reached the 24h volume of $21m which is highest daily volume since Jan 6, 2018. If we compare the present demand and price, price is surely undervalued which means it is going to be in upward trends in coming days. All market needs is a push of $100-150. If general market mechanism can push the price up by hundred dollars or so then it will surely provoke new buyers to enter the market and we can easily see a surge of $600-700 in market.

[Gozie51]

We are stuck for more than a year and maybe this year will be a great days for crypto. It is too positive to look that Bitcoin keeps on moving little by little and surpassing $5600 will be a step to finally takes bull run. We are too excited to witness it again and I really miss those days(2017). Do I believe that it won't happen again but at least we saw our market recovers after all.

The market reached high above $5800 soon after surpassing $5800. After reaching high the price of bitcoin have fallen low and now once again taking momentum reaching close to $5700. Maybe this time the growth will continue reaching $6000 which will take the market grow further towards a new ATH.

I think I like the way that price started this week, it is showing that we are going to see much of bull surprises. Price hitting &5800 and not retracing deeper like it happened last week is a nice ride. Last week, it retraced down to $5076 but I think the retracement so far gives more hope for faster movement.

[el kaka22]

I think we have managed to hit second biggest day in bitcoin history as transactions. I couldn't find some sort of top 10 type of deal and I have been checking it on blockchain itself but from what I gather even our peakest of peaks we have been on average 300k or similar, we had one other day that was 490k transactions but right now I see that may the second had 450k which is insanely high if I am seeing it right.

This of course has something to do with ease of transactions now, back in the day it was much more slower and much more expensive to do the same things we can do right now and its easier today but its still a marvel that we have broken those numbers at almost 6 thousand dollars and I can't think of what we will be like next time we reach the 20 thousand dollar levels.