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Author Topic: Bitcoin Could Hit The $6,000 Benchmark Soon  (Read 548 times)
Unblock_news (OP)
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May 06, 2019, 06:48:25 AM
 #1

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
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May 06, 2019, 06:57:32 AM
 #2

more than 6 can be a short time, you need another go down
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May 06, 2019, 07:23:18 AM
 #3

Nothing surprising here. I observed that it reached the $5.9K mark which is very close to the psychological barrier of $6K and it could cross it in this week itself if BTC continues to surge in an organic manner unless there is some negative news to stop the surge.

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May 06, 2019, 07:35:56 AM
 #4

yes I believe it is all that the price of bitcoin will be able to immediately reach a price of $ 6000 for a short time, and with such prices it will continue for the next increase.
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May 06, 2019, 08:04:07 AM
 #5

There will soon be 6000 and 7000 and a correction to 5700, and there is no need to sit and wait for new prices - you need to work further on the distribution of Bitcoin in society;)

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May 06, 2019, 08:22:38 AM
 #6

It will take a time to brake 6k and i hope im right.if btc stays around here, this helps to alts which i really need after i didnt use stop/loss Smiley

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May 06, 2019, 08:25:34 AM
 #7

Based on the previous market flow. I can personally say that yes it can hit $6k. The question here is that how can it sustain the sudden price increase and at to what price will it bubble.

Tho if again you try to follow the market trend for the previous months I am quite positive that it cannot go down to $5k this month
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May 06, 2019, 08:26:44 AM
Last edit: May 06, 2019, 08:47:05 AM by mindrust
 #8

It looks like there is a good strong support around $5k. If we manage to stay above that point for a while $6k is surely  going to come in a week or two. However there is also a good amount of resistance at $6k and it is not going to be easy to break it. I honestly think we may try sub $5k one more time before we go above $6k and stay there.

Going above $6k is not just going above $6k. It means a full blown bull run to a new ATH (min. $50k, max. $100k) and I think it is too early for that.

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May 06, 2019, 08:33:21 AM
 #9

The market had been healthy since the start of 2019 compared to how it was last 2018. With the recent development, adaptation, and news popping-out hitting $6,000 soon is not a surprise. We all know that the price had been consistently recovering and let's hope this will go on till the end of the year.

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May 06, 2019, 08:39:01 AM
 #10

Honestly, it won't just touch or short on $6k value I think it will stay at 6k this month and we will see huge price increase again around $7k to 8k value around November.

We are still on a bull run and we will see a huge increase soon after 1 and half weeks.

Look at the price movement last 2015-2016 the movement is just like what happen this year so possible that the price will touch and stay at 6k.
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May 06, 2019, 08:48:32 AM
 #11

For now the price of bitcoin has fallen low to $5700 and the same impact is being felt over the entire market. Maybe this time the price could fall back to $5500 and bounce reaching the $6000 benchmark. Earlier there is a strategy from experts that after golden cross there will be a price crash and further will be the growth. This drop in value might be the same that's predicted.

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May 06, 2019, 09:44:56 AM
 #12

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon


A Bitcoin wallet which one of the has no transaction a long time, sent 6500 BTC today to another 2 wallets.

https://btc.com/1NpkqGZ5TYb7cYsV2HVe5CfrifnKieEEMj

Usually, this transactions affect Bitcoin prices negatively. I hope this one won't.

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May 06, 2019, 10:46:30 AM
 #13

Nothing is impossible, it could happen, successive increases in April to May, in the near future bitcoin will reach $ 6000. That's my prediction.
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May 06, 2019, 11:00:03 AM
 #14

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon

I am expecting that Bitcoin can be hitting the $6K mark finally within this week or it not then by next week at the most. There is now a building magma waiting for explosion within the Bitcoin marketplace...hopefully this can be a big signal that the bull run is now slowly coming true and that Bitcoin will keep on growing towards the 3rd and 4th quarters of the year. The next question is: Will it be able to successfully get over the $10K hurdle before the end of 2019?
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May 06, 2019, 12:09:36 PM
 #15

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.
No shit! Of course we're getting closer to 6k, we're currently at 56x0 but we tested 5.8k a few days ago, so it's a matter of time before we hit 6k, I don't need experts or analysts to tell me something so obvious  Roll Eyes

The big question is, once we hit this 6k psychological barrier, will it trigger a sell-off or a bull run? Some people think the price will simply consolidate at that price, but I find it very unlikely that the market won't react to the price reaching the 6k mark.

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May 06, 2019, 12:32:59 PM
 #16

$6k is too small a price for the bitcoin, I expect it to go higher. I was thinking it should have hit $6k last week but it corrected back.
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May 06, 2019, 12:48:06 PM
 #17

It hit more than $9k before there's no surprise that it might happened at no time, well for now while it's on the bearish market we might take advantage to the swings we're seeing today to have an extra profit from bitcoin. We can also hold our coins until it reach its peak but we don't have any assurance when it will happened and how long would it take to reach that peak.
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May 06, 2019, 12:59:23 PM
 #18

Better days are finally here. Bitcoin is going better since the year has started and it's a good chance for some holders to trade but as for me, I would choose to hodl until the bull run. Sounds like the $10k speculation could really happen by the end of the year.
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May 06, 2019, 01:51:09 PM
 #19

The only question is exactly at what time  Grin

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May 06, 2019, 01:54:25 PM
 #20

If expectations go up again. We can take a short position now. Bitcoin always makes the opposite move against the expectation. I think the price can drop a while.
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May 06, 2019, 02:03:22 PM
 #21

Why is Bitcoin hitting $6,000 even debatable in the first place? It's a simple matter because we should realize that the reluctance of the market to soar has been cleared up. A fresh wave of interest is now coming into cryptocurrency and Bitcoin is normally the first point of call whenever investors interest rises. For sure, I know the market will blow past the $6,000 psyche level like it's not even there, and I see that happening this week.

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May 06, 2019, 02:19:33 PM
 #22

If not because of the situation of things that caused the price of bitcoin to crash to an extremely low level, $6,000 level should not even be something to be predicted and be happy about because we would have gone beyond that level in a long while. However, this is the situation that we have come to find ourselves which makes $6,000 an achievement everyone is looking forward to. While its right to be optimistic, there is no point being over joyous about it. Let everyone go about their normal business with the hope of making reasonable returns on investment.
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May 06, 2019, 02:54:07 PM
 #23

Price is already on the move at the time of this writing, though there had been some slow downs and hiccups along the way. I believe that the pushes could continue past $6000, until those stuck on the said levels from Nov 2018 call it quits and dump on the market. It is a possibility knowing how many thought that $6000 was the ultimate low of this cycle only to learn that $3000 is looming just around the corner.

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May 06, 2019, 02:59:12 PM
 #24

sir $6,000 is too small im surely that it can overcome the $6k and correct me if i am wrong that $6k is already reached by bitcoin by this month.

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May 06, 2019, 03:21:24 PM
 #25

i didn't see any "Analysts" in that link. just a bunch of random thoughts by the author trying to bait some clicks to his website and earn some money from the impressions!
besides price is already $5600 and saying $6000 is not far is the most obvious statemet anybody can make not to mention that we are already in rising mode for a couple of months which means a small 7% rise is nothing.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 06, 2019, 03:51:31 PM
 #26

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon

Reaching $ 6,000 is not too difficult to achieve at this time because the current position is in the range of $ 5,700. Regardless, the price movement has shown a passion that is starting to improve again.

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May 06, 2019, 04:02:52 PM
 #27

No doubt if bitcoin can break $6,000, but it will not happen too soon.
We need to be patient to wait for the time to see it's happening.
This year will be a good year for bitcoin to gain trust from new investor and they can buy bitcoin at the low price, and that will help bitcoin to increase the price.
Maybe after the price can break $6,000 barrier, the price will rally to the higher price and not stop until it reaches the highest price like what we see in 2017-2018 ago.
Just hope that will happen in this year before the halving Grin

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May 06, 2019, 04:39:42 PM
 #28

read the first line, stop trading it to fiat you fools, has satoshi?

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May 06, 2019, 04:49:20 PM
 #29

yeh.. it is high time to hit 6000$ in bitcoin. there are many good news in these days as well as bitcoin is going to hit in 6000$ most of the government is going to accept bitcoin as their day to day currency as well as most of the associations and companies also going to accept, people are going to invest in bitcoin again after November of 2017. most of the experts of crypto also shows the good news in btc.

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May 06, 2019, 04:59:48 PM
 #30

Today Bitcoin has touched the $ 6.244K the good thing is that it has risen almost without volume, which is an indicator that the supply has been declining at low levels, which can show us a panorama where the offer is being generated in price levels much more high, we are retaking again the stage of Accumulation, it is a good time to start being alert to any movement.

Now is the time to begin to see the market a sustained recovery, because $ 6K is a number that is very psychological, where investors and speculators are encouraged to continue believing that the good time is coming.

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May 06, 2019, 05:04:13 PM
 #31

yes I believe it is all that the price of bitcoin will be able to immediately reach a price of $ 6000 for a short time, and with such prices it will continue for the next increase.
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May 06, 2019, 05:17:58 PM
Last edit: December 27, 2022, 05:37:43 PM by trouserdog
 #32

Nothing is impossible, it could happen, successive increases in April to May, in the near future bitcoin will reach $ 6000. That's my prediction.

I agree, it's certainly trending in that direction source - https://trouserdog.com 
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May 06, 2019, 05:34:24 PM
 #33

It's not rocket science. Bitcoin has been in a bear market for a long time. Now that it has started to recover, we can expect it to make sudden spikes in it's price.
It has already reached the $5700 level and it shall definitely cross the $6000 price within a month. Given that there are no negative news or FUD right now in the market it shouldn't even take a month for bitcoin to cross the $6000 level.

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May 06, 2019, 05:44:35 PM
 #34

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon

It does not take much to know that we could achieve a $6000 price. Just look at the current price and trend, it's almost at $6 K already.
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May 06, 2019, 06:07:10 PM
 #35

Bitcoin can achieve this benchmark soon because now the market is good and bitcoin is rising once again which is the trigger for the traders and long time investors now analysts says that in the next months bitcoin value will be double than now so they would like to use it for trading and to keep for the Price rise and then trading can make them wealthy. Money attracts money so i can say that investing now in crypto is the future fruitful investment.

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May 06, 2019, 06:19:34 PM
 #36

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.
You really do not need to be a big time analyst to understand that the price will touch $6000 in a short period, the price is recovering from the slump and if we are able to break the current resistance then we see the valuation in no time  Tongue. The market is showing a good support level around $4800 and i am looking for the market to hold that support level even if the market does not cross $6000.
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May 06, 2019, 06:25:06 PM
 #37

I also think that 6000$ is possible this month and from there bitcoin will start grow more even if we will have some period on stable price and i think the price will reach over 10000$ until the end of year.
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May 06, 2019, 07:40:12 PM
 #38

Provably, we have seen last few days btc tried to touch $6K zone but unfortunately it was failed. Currently we can see bitcoin growth is going up slowly wich is indicating for nex trend of $6K zone. And we are really waiting for that movement.

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May 06, 2019, 07:51:00 PM
 #39

It looks like there is a good strong support around $5k. If we manage to stay above that point for a while $6k is surely  going to come in a week or two. However there is also a good amount of resistance at $6k and it is not going to be easy to break it. I honestly think we may try sub $5k one more time before we go above $6k and stay there.

Going above $6k is not just going above $6k. It means a full blown bull run to a new ATH (min. $50k, max. $100k) and I think it is too early for that.

Or @least stay above 6K

Btween 6K-6.6K where we have spend a long time before we went down, +6K isn't yet a sign for a big BULLrun, I think we can stay there for a while just like it did in the past....

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May 06, 2019, 07:55:41 PM
 #40

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
Now that bitcoin has started it upwards movement many articles has started coming up and that is really a great sign that the bullish trend has commenced and the bearish trend that dominated the market through out 2018 is now over.  Thank you for sharing this with us op.
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May 06, 2019, 08:12:41 PM
 #41

The Bitcoin's value has increased by $500 last week, so it is quite possible this week or next BTC hits $6,000 if the trend continues, but it will probably last for a short period. I prefer to focus on $5,500 currently until it hits $6,500.

Honestly, it won't just touch or short on $6k value I think it will stay at 6k this month and we will see huge price increase again around $7k to 8k value around November.

We are still on a bull run and we will see a huge increase soon after 1 and half weeks.

Look at the price movement last 2015-2016 the movement is just like what happen this year so possible that the price will touch and stay at 6k.
Well, it would mean the price will double gradually during the next months. $12,000 about, not bad, but I expect something better lol.

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May 06, 2019, 09:04:50 PM
 #42

$6k is too small a price for the bitcoin, I expect it to go higher. I was thinking it should have hit $6k last week but it corrected back.
Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.
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May 06, 2019, 11:02:35 PM
 #43

Nothing surprising here. I observed that it reached the $5.9K mark which is very close to the psychological barrier of $6K and it could cross it in this week itself if BTC continues to surge in an organic manner unless there is some negative news to stop the surge.

Much bigger than that expectations mate, we will see Bitcoin again hits the best price that it could. Despite of more frustrating effects of bearish trend it doesn't stop long term investors to pursue what has been pushed through eversince bitcoin was at the top. Their patience made them determined in order to have self confidence, over the matter behind challenges for the past year.
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May 07, 2019, 02:51:56 AM
 #44

$6k is too small a price for the bitcoin, I expect it to go higher. I was thinking it should have hit $6k last week but it corrected back.
Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.

But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.

So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.

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May 07, 2019, 03:52:44 AM
 #45

It has reached $6000 on some exchange earlier this evening as there was an unforeseen pump today from the news of fidelity to offer cryptocurrency trading on its markets in a few weeks.
This is news which should spark the next bull run back to $10k territory once more! Grin

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May 07, 2019, 04:09:51 AM
 #46

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
Yes, now, that is, the day after writing this topic, Bitcoin has risen to 5938 dollars (according to CoinMarketCap) and is almost one step away from overcoming the mark of 6000 dollars. If in the coming days Bitcoin exceeds the price of $ 6,300, we can assume that a full-fledged bull cryptocurrency market has begun. We can only watch it.

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May 07, 2019, 04:22:37 AM
 #47

It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.


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May 07, 2019, 04:27:47 AM
 #48

It's currently $5860, no doubt that it will reach 6k soon. Its highest peek is 17k last December 2018. It could definitely hit $6000 benchmark
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May 07, 2019, 04:49:35 AM
 #49

It has reached $6000 on some exchange earlier this evening as there was an unforeseen pump today from the news of fidelity to offer cryptocurrency trading on its markets in a few weeks.
This is news which should spark the next bull run back to $10k territory once more! Grin

Can you give me some of the exchanger that were able to reach that one yesterday. I am also hopping that this can go for another bull before it bubbles, Tho a $10k territory based on the current market flow isn't going to happened(since we are having a quite stable flow and a sudden small increases per month).

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May 07, 2019, 05:12:31 AM
 #50

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
The price of Bitcoin will continue to increase and we will all feel the benefits. The price change is so positive and this is an indicator that crypto has experienced a drastic increase. The use of crypto has been widely spread and in the future the price of Bitcoin can reach a much higher level and can even exceed 20,000USD. I am optimistic that this will happen.
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May 07, 2019, 05:35:24 AM
 #51

It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.


The market price of bitcoin on an average has come much close to $6000. At present the price of bitcoin is $5950, and with the same level of growth we can reach the $6000 milestone today itself. $6000 is truly a benchmark in the price growth of bitcoin, based on which the growth of bitcoin on the upcoming days or weeks can be predicted.

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May 07, 2019, 05:36:05 AM
 #52

I don't know what the obsession with analysts is in crypto when they are all just guessing no better than we can. You don't need an analyst to tell you that $6k will happen soon. Bull market started April 1st on the spike to $5000. Price is now $5800. $6k should happen this month.
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May 07, 2019, 05:43:22 AM
 #53

It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.



Bitfinex price is not a good indication as far as I know. Perhaps people are selling their Tether and moving funds to bitcoins so that they can get out that's why the price is at a premium, so not a good indication of bitcoin prices right now. And if you looked at https://coinmarketcap.com/exchanges/bitfinex/, it has an * on the BTC/USD, denoting that coinmarketcap is excluding its prices. So officially we haven't get to touch $6k.

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May 07, 2019, 05:49:50 AM
 #54

I don't know what the obsession with analysts is in crypto when they are all just guessing no better than we can. You don't need an analyst to tell you that $6k will happen soon. Bull market started April 1st on the spike to $5000. Price is now $5800. $6k should happen this month.
It can bring the price to $6k before  this month will end, and with the current trend there's possibilities of making it much higher than that, still speculative guess where there's no assurance which can support the claim, having own analysis and believe that things will happen the soonest as it can be.
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May 07, 2019, 06:51:14 AM
 #55

Its pretty much at the mark however I see this as a great tide mark for over a years worth of movement in BTC pricing.    Its a big meeting place of buyers and sellers and should mean alot more volume is occurring then normal for any other price



200 day in yellow is flattening out from its decline but is still not ready to rise right this moment

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May 07, 2019, 07:22:42 AM
 #56

It already did and check Bitfinex guys, price of bitcoin there is $6,200 which is ahead of $200 from the rest. While other exchange seen bitcoin @$5,940 and that's totally close to $6,000.



Bitfinex price is not a good indication as far as I know. Perhaps people are selling their Tether and moving funds to bitcoins so that they can get out that's why the price is at a premium, so not a good indication of bitcoin prices right now. And if you looked at https://coinmarketcap.com/exchanges/bitfinex/, it has an * on the BTC/USD, denoting that coinmarketcap is excluding its prices. So officially we haven't get to touch $6k.
there was only a little gap to the 6k rate and it will be so easy to be reached. The whole of bitcoin markets is still having less than a hundred dollars before it can break 6k rate. I have used bitstamp as an indicator and it looks like we will get another green candle tomorrow.
With this news and it has already confirmed if people are selling their USDT for bitcoin https://news.bitcoin.com/new-york-prosecutors-demand-transparency-from-bitfinex-and-tether/
bitfinex and tether being targetted by prosecutors. that should be a good reason why more people will try to buy BTC.

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May 07, 2019, 08:29:02 AM
 #57

Nothing is impossible, it could happen, successive increases in April to May, in the near future bitcoin will reach $ 6000. That's my prediction.


It's really possible, since the price of BTC now is at $5,900. If the hype will continue, it will reach $6k, Maybe this month or by June.
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May 07, 2019, 08:44:07 AM
 #58

Analysts believe that Bitcoin isn't far from achieving the $6,000 price mark in the coming days.

Full article: https://www.unblock.news/market/bitcoin-could-hit-6-000-benchmark-soon
I have been seeing a lot of people that are making such a prediction about Bitcoin , a lot of people believes that the price is going to hit the $6000 rate before the end of this month of May. I also believe the same, and lots of analysis I have bee going through are making the same prediction about Bitcoin . With a market cap that is currently worth over hundred billion dollars, I know that is going to be achieved very soon. The price is already $5,786 per BTC.
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May 07, 2019, 07:45:06 PM
 #59

Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.

But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.

So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.
Is it really the reason why? Last time I checked everytime Bitcoin drops (goes up) suddenly all mews sites will try to connect everything to make an article. And just in case you haven't notice BTC since late December 2017 has been in the bear market and really you cannot pinpoint the exact reason why its falling down except for the reason of it being in the bear market. Even if the news is directly connected to it dropping it doesn't change the fact that while BTC is consolidating around the 6,000$ level it dropped on a major support does making it a major resistance on our way up.
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May 07, 2019, 08:24:28 PM
 #60

Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.

But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.

So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.
Is it really the reason why? Last time I checked everytime Bitcoin drops (goes up) suddenly all mews sites will try to connect everything to make an article. And just in case you haven't notice BTC since late December 2017 has been in the bear market and really you cannot pinpoint the exact reason why its falling down except for the reason of it being in the bear market. Even if the news is directly connected to it dropping it doesn't change the fact that while BTC is consolidating around the 6,000$ level it dropped on a major support does making it a major resistance on our way up.

Bitcoin's growth in Dec 2017 was as a result of strong fundamentals from the futures contract, it caused a rattling and rapid price elevation encouraged FOMO even to the clueless newbies joining the space. The leap to $20k in such a short period was great and consequentially the correction had to balance that off. I wouldn't exactly call it a bear market anymore as prices have improved without significant drops as many people had predicted. And yes, arguably, the hash war had a hand in the price drop last year.

Considering the upcoming halving and several small fundamentals and technical improvements, I'd say we are in a steady bull run, definitely not like that of 2017.
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May 07, 2019, 11:19:13 PM
 #61

Before we even think about aiming higher prices the 6,000$ level might be more important than you think that it may even depend on whether or not your expected target price will be possible. You should remember that last year after BTC decided to go down below 6,000$ it immediately plummeted to the 3,000$ level so 6k was a very important support that became a major resistance for us which if we don't break and have failed doing it we might just extend the bear cycle or even go beyond the 3,000$ level.

But that massive drop you are talking about was due to the hashwar of BCH and BSV. Bitcoin has doing to do with it, we are trading sideways that time but it's very unfortunately that we are in the middle of their war that's why we suffer and the price goes down.

So we can't compare the $6k price last year as reaching $6k at this current sentiments. This time the market or the investors are shelling and ready to pour cash on the market.
Is it really the reason why? Last time I checked everytime Bitcoin drops (goes up) suddenly all mews sites will try to connect everything to make an article. And just in case you haven't notice BTC since late December 2017 has been in the bear market and really you cannot pinpoint the exact reason why its falling down except for the reason of it being in the bear market. Even if the news is directly connected to it dropping it doesn't change the fact that while BTC is consolidating around the 6,000$ level it dropped on a major support does making it a major resistance on our way up.

Bitcoin's growth in Dec 2017 was as a result of strong fundamentals from the futures contract, it caused a rattling and rapid price elevation encouraged FOMO even to the clueless newbies joining the space. The leap to $20k in such a short period was great and consequentially the correction had to balance that off. I wouldn't exactly call it a bear market anymore as prices have improved without significant drops as many people had predicted. And yes, arguably, the hash war had a hand in the price drop last year.

Considering the upcoming halving and several small fundamentals and technical improvements, I'd say we are in a steady bull run, definitely not like that of 2017.

Of course not, why the fuck would it be like that of 2017 still a year before halving?
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May 07, 2019, 11:59:06 PM
 #62

Still very positive price action, see this chart from nictrades
Quote
Quote


Seems like despite the round number lumpy reaction prices can have sometimes, we are so positive because its a very good chance of going past to 6300 area as shown in the chart.   I'm pretty surprised by that but also the way we pulled back to the 5100 area was very bullish and I thought that meant we had a good chance to go higher.

The chart not hitting resistance in this area I do find quite surprising as it was quite significant support on the way down so I was expecting more of a fight, more push back before going higher.   However I could be out of step on how much volume is buying into BTC

I think these are medium term type predictions rather then just immediate pricing

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May 08, 2019, 08:37:45 AM
 #63

We are not that far away from 6 thousand dollars so this is not really a news worthy thing. Of course we will hit 6 thousand dollars soon, the market clearly shows that the bulls are back and we have been trying to test over 6 thousand dollars for a week now (even two weeks if you consider last weeks rally too) and we have been making the support line higher and higher which means after we test to break the 6 thousand dollars we do not go back down too much, we go back down a bit which makes it easier to test 6 thousand once again and we repeat that constantly.

Eventually we will be right at 6 thousand dollars testing to break it and it will break since there is no way it can stand for too long. What happens afterwards will be the important part, if it goes back down then that is an issue but if not then we are looking really good for even higher prices.
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May 08, 2019, 10:59:12 AM
 #64

The price of Bitcoin has exceeded 6000USD and now we are trying to reach a much higher level, I am very confident that in the next few weeks we will reach the position of 7000USD. So this is an opportunity to buy Bitcoin and I'm sure we all who believe in Bitcoin will be able to gain a number of benefits. This is an easy way compared to other investments in the world. So why do we have to let go of this opportunity, let's think smart because the opportunities are so great.
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May 09, 2019, 10:34:13 AM
 #65

The price of Bitcoin has exceeded 6000USD and now we are trying to reach a much higher level, I am very confident that in the next few weeks we will reach the position of 7000USD. So this is an opportunity to buy Bitcoin and I'm sure we all who believe in Bitcoin will be able to gain a number of benefits. This is an easy way compared to other investments in the world. So why do we have to let go of this opportunity, let's think smart because the opportunities are so great.
Sorry mate, using coinmarket record, I don’t think bitcoin has yet broken that resistance, it has been really struggling to break it for some days now, although I believe that it won’t be too long before it successfully breaks it, but I dint think your news of breaking it already is accurate. 

We still need very strong push from the BULLS to enforce the price value of $6000 on the market that will be a sustainable ones, because one thing is to cross to $6000, anther things is for the community to be strong to keep the value at that price pending when it gains more increase that would prepare it for the next value.
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May 09, 2019, 04:56:51 PM
 #66

That difference in prices seen everywhere underlines why the smooth flat number of 6000 is not as significant as it first appears.   Every exchange is varying at least slightly in its quoted price even for the same currency.    Then if you introduce the differences that come with time and location and every countries different FIAT currency to exchange to BTC then definitely its not ever an even price quoted around the world.    

Any resistance or fall back before 6000 is probably worth buying on that simple point, that its uneven and gives way eventually so long as no greater reason to sell exists then orders being easier to type for 6000 then other price points.    I would guess we go to 6200 or 6300 area for better reasons of long term trends, prices change over time

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May 14, 2019, 07:48:03 PM
 #67

Bitcoin hit 6000$, is now possible to grow more or will go down, what do you think? Now is only 7700$+, maybe will grow again later but i want to know what do you think.
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May 15, 2019, 07:24:17 AM
 #68

Bitcoin hit 6000$, is now possible to grow more or will go down, what do you think? Now is only 7700$+, maybe will grow again later but i want to know what do you think.
At the moment the price of bitcoin stands close to $8010. The price rally is predicted to continue, and further this could touch $8500 soon because the price of bitcoin has already touched $8250+ value. People have been speculating of price reaching $6500 by which we've reached $8000+ value which is truly a good indication of the market for a perfect bull run.

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May 16, 2019, 09:47:09 AM
 #69

When the price was at $3000, experts were saying that once we hit $5000, then the bull run has been confirmed. We were able to reach that $5000 and nobody said anything about it and from there we got to $6000 and now we are currently at $8000 and looking at $8,5000 if it's going to happen anytime. Isn't the bull run confirmed yet? Or are they going to continue the same thing and keep saying it will be confirmed at $10,000? Cause that's what I have been seeing in the forum today, some are saying it will reach $10,000 to be confirmed it is bull. Funny I don't even have time for all that, I'm just happy that I already invested and making profit, so even if it stops at $8000 I'm good with it.
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