Bitcoin Could Hit The $6,000 Benchmark Soon

[LeGaulois]

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.

[1714966796]

1714966796

[Harlot]

$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.

[Gaff]

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.

[Yaunfitda]

$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.

[rdbase]

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!

[Ozero]

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.

[jossiel]

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.

[juniboi]

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
BTCBTC

[darklus123]

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!

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).

[BlackPanda]

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.

[Ayiranorea]

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.

[thecodebear]

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.

[btc_angela]

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.

[joshy23]

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.

[STT]

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

[VanDeinsberg12]

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.

[Unblock_news]

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.

[fasdorcas]

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.

[Harlot]

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.

[olumyd]

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.