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Author Topic: Will Bitcoin recover again above $ 8000?  (Read 13229 times)
peter0425
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May 15, 2019, 10:43:39 AM
 #101

Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.

If you are reading this post at the moment, then you will feel very much happy to know that Bitcoin is increasing.
The price has been recently affected a lot for which the price is increasing in a greater pace.
The reason behind this is that the trading volume has become comparatively more so that the price is affecting.
Lets hope that Bitcoin will be soon 10k$ and we will be able to sell our Bitcoin in comparatively higher price.
Right, it goes as high as $8200 yesterday and but today it looks like the price is at steady $8k. So definitely $10k is in site but I don't know how long are we going to reach that price. It looks like the bull run has started but there's a lot of resistance now, but we will see, let's hope that we can breach that price next month.









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May 15, 2019, 08:53:57 PM
 #102

Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.

If you are reading this post at the moment, then you will feel very much happy to know that Bitcoin is increasing.
The price has been recently affected a lot for which the price is increasing in a greater pace.
The reason behind this is that the trading volume has become comparatively more so that the price is affecting.
Lets hope that Bitcoin will be soon 10k$ and we will be able to sell our Bitcoin in comparatively higher price.
Right, it goes as high as $8200 yesterday and but today it looks like the price is at steady $8k. So definitely $10k is in site but I don't know how long are we going to reach that price. It looks like the bull run has started but there's a lot of resistance now, but we will see, let's hope that we can breach that price next month.

It seems the bears are trying to hold the rally at 8000 but they are having huge problems containing the excitement of the people about this new bull run, people have been waiting for more than a year for this situation to present itself and now they are seeing this could be the opportunity to recover all the money they have lost during the last year, so it is going to be quite difficult for the bears to discourage people at the moment, I just hope that if we see similar prices to the ones we saw in 2017 that the crash is not as bad.
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May 15, 2019, 10:40:55 PM
 #103

bitcoin even could rise more than 10k dollars, there were some positive sentiments that made the price of Bitcoin rally.
You only need to be prepared for everything that might happen.
I have been prepared all of this time and I'm just waiting for bitcoin to start getting into that level again. There is more positive movement this time than last year and it encourages everyone that we are on the bull run. More money is getting in on the market now and it is likely that came from the instituions despite of Binance hack last time.

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May 15, 2019, 11:58:40 PM
Last edit: May 16, 2019, 12:15:11 AM by STT
 #104



Theres alot more air in the price above 8000 basically.   I chopped off the rest to show the price action going back to November 2018 and forwards weekly.   So the price moved fast, someone posted something like 49 days after price pass **** we reach 20,000 and thats basically how it went last time.
So people expect some repeat of that now I suppose but I think it will not do the same exactly but theres space in the chart history, much easier then previous pricing.


The break above 6000 is significant enough to make alot of people think we can now run to the old range of 2018 which would probably include ideas of 10 or 12,000

Put a chart on weekly bars and it'll show up longer term objectives like this and I think that 6000 area is pivotal though I'm not sure we go straight up higher, I always thought it should take the entire term of 2019 but perhaps time is speeding up as we enter a next phase.   I'd like to hear more about news and volume behind this latest rise to really be more sure of apparent confidence in the market and if it might last longer

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May 16, 2019, 03:42:01 AM
 #105

Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.

If you are reading this post at the moment, then you will feel very much happy to know that Bitcoin is increasing.
The price has been recently affected a lot for which the price is increasing in a greater pace.
The reason behind this is that the trading volume has become comparatively more so that the price is affecting.
Lets hope that Bitcoin will be soon 10k$ and we will be able to sell our Bitcoin in comparatively higher price.
Right, it goes as high as $8200 yesterday and but today it looks like the price is at steady $8k. So definitely $10k is in site but I don't know how long are we going to reach that price. It looks like the bull run has started but there's a lot of resistance now, but we will see, let's hope that we can breach that price next month.

After a small treading on the spot at the level of 8000 dollars yesterday, today Bitcoin surprised us again with its price jump. Now he, according to the table CoinMarketCap, has a price of 8,268 dollars. The price of ethereum also increased to $ 267 and other coins. And the growth is up to thirty percent or more. Who will say that we are not in a bull market?
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May 16, 2019, 07:23:31 AM
 #106

I think corrections are not really on the plate right now, it will be soon or at least one day but right now it is above 8000 and its not looking like its going to back down right now. It still has fire left in it and it could potentially turn into over 10 thousand dollars. Corrections will eventually happen but for now we are at a point where we are not done going up just yet.

People are not willing to sell their bitcoins right now because they saw that its going up and it was about 3500 dollars just couple months ago so there are fewer people willing to sell their bitcoins and they are looking to hold it and make even more profits. That results with new people or even people who had bitcoins to go buy even more to profit as well, which all comes down to less sales whereas more buys and that keeps increasing the price and will continue to do so until the hype is over.

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May 16, 2019, 08:03:54 AM
 #107

bitcoin even could rise more than 10k dollars, there were some positive sentiments that made the price of Bitcoin rally.
You only need to be prepared for everything that might happen.
It would have been nice if you had shared those positive developments that you had seen, so that some of us can also compare it to what we have in order to arrive at a conclusion, and know if this surge in price is as a result of FOMO, WHALES or those positive developments.

If there are positive developments really, then it is of no doubt that bitcoin price will hit $10000 run soon as this time is when new investor gets to continually pump in money into the market, and after which FOMO might play its role in making it shoot higher for the rest of the year, let say we peak at $15,000 end of the year.
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May 16, 2019, 09:10:31 AM
 #108

bitcoin even could rise more than 10k dollars, there were some positive sentiments that made the price of Bitcoin rally.
You only need to be prepared for everything that might happen.
I have been prepared all of this time and I'm just waiting for bitcoin to start getting into that level again. There is more positive movement this time than last year and it encourages everyone that we are on the bull run. More money is getting in on the market now and it is likely that came from the instituions despite of Binance hack last time.
actually bitcoin has entered at a price above $ 8000, it's just that I see that this is still unstable. several times the price of bitcoin touched a price of $ 8300, and then dropped back. I think in the near future, the price of bitcoin will stabilize above that price. now all we have to do is hold back.
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May 16, 2019, 11:37:14 AM
 #109

Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.
So now that the price has already gotten to $8000 everyone is looking forward to $10,000. Some so called Technical Analysis experts has been saying that that the price will drop.

But i am not buying that, since there is going to be halving next year, I think there is going to be a Bull run this year and the price will go very high, then the halving will then be a way for them to cut the price short. Just what I think, I don't know if someone else think the same thing with me.
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May 16, 2019, 12:06:55 PM
 #110

bitcoin even could rise more than 10k dollars, there were some positive sentiments that made the price of Bitcoin rally.
You only need to be prepared for everything that might happen.
I have been prepared all of this time and I'm just waiting for bitcoin to start getting into that level again. There is more positive movement this time than last year and it encourages everyone that we are on the bull run. More money is getting in on the market now and it is likely that came from the instituions despite of Binance hack last time.
actually bitcoin has entered at a price above $ 8000, it's just that I see that this is still unstable. several times the price of bitcoin touched a price of $ 8300, and then dropped back. I think in the near future, the price of bitcoin will stabilize above that price. now all we have to do is hold back.
The support and resistance still unclear if $8k barrier will be break, but seeing that the movements still positive and even after the fall bitcoin keeps
coming back and stay at this $8k level just a good sign that there's really investors who's willing to take the risk investing more and trying to pull the
value up.
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May 16, 2019, 01:04:06 PM
 #111

bitcoin even could rise more than 10k dollars, there were some positive sentiments that made the price of Bitcoin rally.
You only need to be prepared for everything that might happen.
I have been prepared all of this time and I'm just waiting for bitcoin to start getting into that level again. There is more positive movement this time than last year and it encourages everyone that we are on the bull run. More money is getting in on the market now and it is likely that came from the instituions despite of Binance hack last time.
actually bitcoin has entered at a price above $ 8000, it's just that I see that this is still unstable. several times the price of bitcoin touched a price of $ 8300, and then dropped back. I think in the near future, the price of bitcoin will stabilize above that price. now all we have to do is hold back.
The support and resistance still unclear if $8k barrier will be break, but seeing that the movements still positive and even after the fall bitcoin keeps
coming back and stay at this $8k level just a good sign that there's really investors who's willing to take the risk investing more and trying to pull the
value up.

its the exact opposite situation compared to the bearish moves in the last year... last year it was sideward bit up, bit down and finally booom going down 1k or something like this. it repeats this pattern a few times. now we are seeing sideward, a bit down... pullback and boom. new yearly high.
Things has been changed Cool
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May 16, 2019, 04:32:08 PM
 #112

bitcoin even could rise more than 10k dollars, there were some positive sentiments that made the price of Bitcoin rally.
You only need to be prepared for everything that might happen.
I have been prepared all of this time and I'm just waiting for bitcoin to start getting into that level again. There is more positive movement this time than last year and it encourages everyone that we are on the bull run. More money is getting in on the market now and it is likely that came from the instituions despite of Binance hack last time.
actually bitcoin has entered at a price above $ 8000, it's just that I see that this is still unstable. several times the price of bitcoin touched a price of $ 8300, and then dropped back. I think in the near future, the price of bitcoin will stabilize above that price. now all we have to do is hold back.
Yes, I see it that it's already on $8000 and playing with that price range. It just shows that it's trying to break higher price and that's very possible in few more weeks. The recovery is already on the go and we can see that on bitcoin side and with altcoins, most of the well known coins are also doing well. With that move, most of the coins now are into recovery and that can't be ignored anymore because like what everyone says and speculates that we're in the bull run.

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DeadCoin
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May 16, 2019, 08:16:03 PM
 #113

When the thread was created, it was hard for bitcoin to reach $8k, but yes its now. Last two days trend is really promising to reach $9k in another 48 hours. Wish to see the trend growing like 2017. Everyone expects the growth to be more than 2017. Hope to see how it would be.
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May 16, 2019, 08:24:37 PM
 #114

When the thread was created, it was hard for bitcoin to reach $8k, but yes its now. Last two days trend is really promising to reach $9k in another 48 hours. Wish to see the trend growing like 2017. Everyone expects the growth to be more than 2017. Hope to see how it would be.
Going through the chart also I found the price to be similar to that of the price during the days of 2017 same month. Last two days the growth seems to be getting some corrective measures for a continued price rallying. It hasn't grown above $8100, most of the time we can watch the price between $7900-$8050.

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gabbie2010
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May 16, 2019, 08:33:40 PM
 #115

When the thread was created, it was hard for bitcoin to reach $8k, but yes its now. Last two days trend is really promising to reach $9k in another 48 hours. Wish to see the trend growing like 2017. Everyone expects the growth to be more than 2017. Hope to see how it would be.
Going through the chart also I found the price to be similar to that of the price during the days of 2017 same month. Last two days the growth seems to be getting some corrective measures for a continued price rallying. It hasn't grown above $8100, most of the time we can watch the price between $7900-$8050.
Yes the price had retraced or correcting to $78++ obviously prepatory for a bullish runs I believed the price will surpassed $8100 mark in the next run,  the price has shown a promising momentum and volatility in the past few days every cryptos enthusiast are anticipating for a replica of bitcoin reaching ATH in 2017 to repeat again this year.

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May 16, 2019, 09:46:46 PM
 #116

When the thread was created, it was hard for bitcoin to reach $8k, but yes its now. Last two days trend is really promising to reach $9k in another 48 hours. Wish to see the trend growing like 2017. Everyone expects the growth to be more than 2017. Hope to see how it would be.
Going through the chart also I found the price to be similar to that of the price during the days of 2017 same month. Last two days the growth seems to be getting some corrective measures for a continued price rallying. It hasn't grown above $8100, most of the time we can watch the price between $7900-$8050.
Yes the price had retraced or correcting to $78++ obviously prepatory for a bullish runs I believed the price will surpassed $8100 mark in the next run,  the price has shown a promising momentum and volatility in the past few days every cryptos enthusiast are anticipating for a replica of bitcoin reaching ATH in 2017 to repeat again this year.

I supposed to believe that we are already in a bull run mate, we passed already by $8k and it is enough to say that we are in the bullish right now.
A huge increase in BTC price will simply mean that we can make another ATH again and so we've got it now.
And I know, we aren't satisfied with this and even looking for more pumps this year.
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May 16, 2019, 11:09:33 PM
 #117

When the thread was created, it was hard for bitcoin to reach $8k, but yes its now. Last two days trend is really promising to reach $9k in another 48 hours. Wish to see the trend growing like 2017. Everyone expects the growth to be more than 2017. Hope to see how it would be.
Going through the chart also I found the price to be similar to that of the price during the days of 2017 same month. Last two days the growth seems to be getting some corrective measures for a continued price rallying. It hasn't grown above $8100, most of the time we can watch the price between $7900-$8050.
Yes the price had retraced or correcting to $78++ obviously prepatory for a bullish runs I believed the price will surpassed $8100 mark in the next run,  the price has shown a promising momentum and volatility in the past few days every cryptos enthusiast are anticipating for a replica of bitcoin reaching ATH in 2017 to repeat again this year.

I supposed to believe that we are already in a bull run mate, we passed already by $8k and it is enough to say that we are in the bullish right now.
A huge increase in BTC price will simply mean that we can make another ATH again and so we've got it now.
And I know, we aren't satisfied with this and even looking for more pumps this year.

All of you people should consider the situation of the market already since it is going up and not going down. We are done already with the bearish trend it's time now to consider that it is the bull run since we already passed $8k sooner or later we will gonna see the $10k maybe next month or before the end of May.

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May 16, 2019, 11:35:40 PM
 #118

Have this market turn into good now, I've never heard any complain of losing but rather to hear that they are profiting right now.

Yes, we are surpassing $8k last week but prices seems to be at halt, it sometimes will drop below $8k. Not really that bad cause we are not dropping again into $6k IMO.
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May 16, 2019, 11:43:41 PM
 #119

Have this market turn into good now, I've never heard any complain of losing but rather to hear that they are profiting right now.

Yes, we are surpassing $8k last week but prices seems to be at halt, it sometimes will drop below $8k. Not really that bad cause we are not dropping again into $6k IMO.

Many are still losing since many traders still believe that bitcoin will have major correction that's why they opening short position on leverage trading. We are now in different scenario since last year so I believe that BTC will skyrocket until 2020 halving. I think we will see price drop down below 7.7K range but it's very low chance to go deeper 6k level.

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May 16, 2019, 11:58:55 PM
 #120

Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.
So now that the price has already gotten to $8000 everyone is looking forward to $10,000. Some so called Technical Analysis experts has been saying that that the price will drop.

But i am not buying that, since there is going to be halving next year, I think there is going to be a Bull run this year and the price will go very high, then the halving will then be a way for them to cut the price short. Just what I think, I don't know if someone else think the same thing with me.
They will take profit on the next halving and that’s a way for them to cut the price. Yes, TA expert says a bull is here and the price of $10k with bitcoin will happen this year. There’s so many positive rumors about bitcoin, i just can’t ignore those news and i think buying now can be a big gamble for everyone.
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