Bitcoin Could Hit The $6,000 Benchmark Soon

[WinslowIII]

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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[STT]

Still very positive price action, see this chart from nictrades

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

[coinplus]

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.

[gilangIDR]

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.

[futile-resistance]

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.

[STT]

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

[Adriano2010]

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.

[n0ne]

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.

[prtty2gal2]

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.