[2019-05-03] New all time high for bitcoin in 2019!

[nulltx]

2019 is turning out to be quite a positive year for Bitcoin, is the crypto winter finally over? After hitting a low of $3,300 back in December, Bitcoin has been increasing in value ever since. The momentum and volume has been building little by little the past 5 months and today we hit a new all time high for 2019!

At the time of writing, Bitcoin is trading at $5754 having risen over $100 in the past hour alone and over $355 in the past 24 hours. Get excited because this is a new all time high for 2019! The good news is that we broke through the $5600 resistance level which we tested last week with no luck. At this point, all the eyes are on the charts to see if we can either reach $6000 or at least turn $5600 into support instead.

The two major roadblocks ahead for Bitcoin’s price are undoubtedly the $6000 psychological number and the $6300 level which held as support for over 6 months during the end of the bear market.

Read More: https://nulltx.com/bitcoin-price-new-2019-ath/

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[CryptoBry]

There is no question that things are starting to get very exciting with Bitcoin in the past many days and there is a big possibility this can escalate into a winder and bigger upward growth within this month and into the next quarter of the year. Though this can still not be the bull run that others are waiting for, the growth remains to be amazing and can be the trigger for more institutional money coming into the Bitcoin ecosystem. Congrats to traders and ordinary Bitcoin holders who made some money today.

[o_e_l_e_o]

This isn't a great article. You can't exactly call it an all time high when the price is lower than it was for the first 10+ months of 2018 and still hasn't recovered to the ~$6,400 levels it was before dumping down to ~$3,300 in November. Stating the $6,300 resistance was "the end of the bear market", when the price then dropped by another 50% makes no sense. The article states the RSI is massively oversold, when it is actually massively overbought.

I'm not convinced we are out of the bear market yet, and a rise of almost 10% in 24 hours is not sustainable. I think a drop back down to around $5,300 is just as likely as a break above $6,000.

[Snaic]

I see that Bitcoin continues to rise in price and now, according to CoinMarketCap, is $ 5,820. This is a good growth over the past few days. This topic says that Bitcoin has already exceeded its record price this year. As I recall, bitcoin has recently risen in price to almost $ 6,000. In the table CoinMarketCap its value was more than 5990 dollars. I hope that in May, Bitcoin will also grow as it grew in April. This month it has to overcome both $ 6,000 and $ 6,300 in price.

[webtricks]

I'm not convinced we are out of the bear market yet, and a rise of almost 10% in 24 hours is not sustainable. I think a drop back down to around $5,300 is just as likely as a break above $6,000.

Why do you think it is not-sustainable? Bitcoin has survived 30% rise last month without much correction. It went to $5000 from $3800 and get corrected to $4800 and then again took a leap to $5200. So if it can survive 30% jump, 10% surge of today is not a big deal. I agree it is very much possible that it could go in either direction from here but I can sense positive vibe in market. I just checked depth on Binance and there are much more buy orders than sell orders to sustain the price of $5700.  Believe it or not, market is surely recovering from bearish phase.

[LeGaulois]

This isn't a great article. You can't exactly call it an all time high when the price is lower than it was for the first 10+ months of 2018 and still hasn't recovered to the ~$6,400 levels it was before dumping down to ~$3,300 in November. Stating the $6,300 resistance was "the end of the bear market", when the price then dropped by another 50% makes no sense. The article states the RSI is massively oversold, when it is actually massively overbought.

I'm not convinced we are out of the bear market yet, and a rise of almost 10% in 24 hours is not sustainable. I think a drop back down to around $5,300 is just as likely as a break above $6,000.

That's what I thought at the beginning, but the article is just about the year 2019. I also think that this upward trend will not last but it is still an ATH for this year. If it continues it's ok ofc lol but I'm fine as long we don't go below $5,000 now.

[roosbit]

We are slowly getting there!!

Hope it's not an issue of two steps forward and later on move three steps backwards.

[rodel caling]

Gladly and so exciting this positive news for bitcoin going into the tough again, nothing doubt that have possible to get the all time hugh this year  because price increases is so smoothly goes on.
If bitcoin totally reach the $6000 level of price sign i am very sure the bull run coming in this year.

[DooMAD]

You can't exactly call it an all time high when the price is lower than it was for the first 10+ months of 2018 and still hasn't recovered to the ~$6,400 levels it was before dumping down to ~$3,300 in November.

And that's why the news title is "...2019 All Time High!"

I'm kinda with o_e_l_e_o on this one.  I mean, you can certainly describe it a yearly high, but when you say "all time" and then narrow it to the space of one year, it does become somewhat contradictory.  Otherwise how far do we take it?  Has Bitcoin reached an all time high for the last 5 minutes?  It loses all sense of meaning.

[o_e_l_e_o]

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Yeah, that's my point. "All time high" has a very specific and exact meaning; the highest point of all time. To use the phrase "all time high" but then immediately narrow it down to less than 5% of bitcoin's lifespan makes no sense. It would be the same as saying that Lionel Messi is the top soccer goal scorer of all time, provided we only look at this season. It's a complete contradiction. Once we hit $20,000, you can start talking about ATHs. Until then, we are seeing local peaks and yearly highs only.

[Vladdirescu87]

It's not all time high:) But i think, $10000 by the end of this year, seems quite real. Especially, with such positive news like about Fidelity.

[Carlton Banks]

"All time high" has a very specific and exact meaning; the highest point of all time. To use the phrase "all time high" but then immediately narrow it down to less than 5% of bitcoin's lifespan makes no sense. It would be the same as saying that Lionel Messi is the top soccer goal scorer of all time, provided we only look at this season. It's a complete contradiction. Once we hit $20,000, you can start talking about ATHs. Until then, we are seeing local peaks and yearly highs only.

Is this an attempt to manipulate the market? Or just sloppy reporting?

There's certainly alot of other exuberant sentiment going around right now, but this could be equally viewed as an attempt to bluff smaller traders into selling before a large market player buys up all the ask liquidity in thr present price range. It's impossible to tell which, and so it's best to treat all of this so-called information as indicative of nothing.

[kotajikikox]

This sign of new all time high is the most awaiting time of the people. Unfortunately butcoin momentum will continues ti grow up smoothly in the market cap.

[shamc]

Target reached and the barriers are down! Seems that bitcoin is on an unstoppable rise, the buying times are slowly slipping away for those waiting for a buying in price. 6000 and rising

[Vishnu.Reang]

This is just the tip of the iceberg. The trends are very clear. If everything goes as per the plan, then the current bull run may exceed the one that we had in 2017. It looks like most of the non-serious investors (i.e those who were hoping to become millionaires in two weeks) have sold their coins and quit the scene. Only the serious investors are remaining now, and they are in no mood to sell the coins before the exchange rates hit a new ATH. On top of that, a number of institutional investors are also making their investments now.

[Slow death]

The two major roadblocks ahead for Bitcoin’s price are undoubtedly the $6000 psychological number and the $6300 level which held as support for over 6 months during the end of the bear market.

we have already surpassed the psychological barrier of the $ 6000, now comes another challenge that will be the price to exceed $ 6300 according to your point of view. I think that the price is increasing gradually and that means that have more chance that not see very large falls which in my opinion is very good. If we do not have very large falls we will see more people entering the crypto world because they will not be disappointed

[joniboini]

On top of that, a number of institutional investors are also making their investments now.

I suspect the same thing. They've prepared their bag, now it's time to push it up and wait for retail investors to jump it and star the bull mania.

On the other hand, my alts got rekted well lol. Losing 5% for each 1% of Bitcoin price movement. BTC dominance is still way too great and alts don't have any room to move. Hopefully alt season will come soon too.