Bitcoin just broke $6000! (2019)

[elisabetheva]

Back over $6000 for the first time since November!

This is clearly a very encouraging thing, because the long wait with the excitement of bitcoin has just happened and has even exceeded more than $ 6K. obviously many are very hopeful that bitcoin will continue to move with passion to continue to increase, maybe even the same as in 2017. so it's the best time to buy and invest your money into bitcoin.

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[1Referee]

There is a good increase in the price of bitcoins but not in the alts. Meaning that investors are afraid of buying alts for some reason or they want an alternative of cashing out fast.

I think this is institutional capital at work. They focus on Bitcoin because that's always the first coin to enter and build a product around.

In most cases when Bitcoin went up, altcoins followed because shitty crypto funds work with their own portfolio baskets where each basket contains an x percentage of multiple coins (basically the idea of 'never put all your eggs in one basket').

Wide diversification is only required when investors do not understand what they are doing.

- Warren Buffett.

No wonder that most of these funds imploded during the bear market. 

[Rajamuda]

This is like a new signal back so that it continues to point to heights,  many economists have ensured that it will indeed increase when it reaches 6k, enthusiasts will increase after the price of 6k starts back. No need to think it will come back to lower or back to the bottom line, besides that it would be nice we continue to think optimistically and prepare many things in trying to make a profit, here it is proven that opportunities are still higher.

[upsidedown75]

If the price of  bitcoin we are seeing now has been a result from response to hype solely which I doubt, then it is not an healthy one and any little fall, it might fall so hard. I am pray to God that anything such should not happen at this moment. Still, we need real time factors to lift the value of bitcoin forward and that is when we can have a sustainable value, if its increase is about hyping, trader are the ones that will take advantage of the price more and that is why we have been seeing rise and fall. We need more bulls that will help us sustain the price above these $6000+ levels and not just hype. 

[Altero]

It's step away from the bear season, entering into bullish will certainly excite to all of us and it keeps moving. Greatly we saw  huge inclines this few days and pretty much excited to see it more for this year. Even though we wait for this so long but at least we didn't get disappointed this time as it isn't happen last year.

[STT]

I like this chart for just simplicity,  showing 50 day average and how previously we were below it and contained in any price movements upwards.  It was weight above us and similarly alot of participation in BTC had doubts on its gains.



Then we manage to cross over the thin blue line and movements upwards start to gain legs both in size reaching upwards and also accumulating as a gain.    If people want to judge an easier time to buy I would guess its best when moving through this simple momentum measure.   Obviously its come a long way from that average now, I think like leaning off a ladder it becomes a bit more risky then but not to say it cant continue up

[lepbagong]

Back over $6000 for the first time since November!

I am still afraid that we are going to see an intense fall of the price shortly.
There is a good increase in the price of bitcoins but not in the alts. Meaning that investors are afraid of buying alts for some reason or they want an alternative of cashing out fast.

Bitcoin is indeed very specific and difficult to understand and predict, it can go down quickly and vice versa.
but at the moment I see bitcoin being in a very good increase because it has exceeded more than $ 6K, if until the end of this month continues to increase, it can be ascertained there will be an extraordinary increase. the increase in bitcoin will obviously also affect the altcoins that already have a market and are well managed. and will also excite ico to perform well.

[thecodebear]

Back over $6000 for the first time since November!

I am still afraid that we are going to see an intense fall of the price shortly.
There is a good increase in the price of bitcoins but not in the alts. Meaning that investors are afraid of buying alts for some reason or they want an alternative of cashing out fast.

I wouldn't be surprised to see it fall back to the most recent bit of support at like $5800 or so. I think that'd be very healthy. It looks a bit to steep an upward climb these past 10 days or so. But thats just basic building support as it rises higher, nothing scary about that.

Bitcoin is the big fish. Right now money is flowing into the obvious thing: bitcoin, and some money is flowing from alts into bitcoin. Sometimes alts follow bitcoin gains, sometimes bitcoin sucks money from alts as everyone tries to take advantage of the strength of bitcoin, and sometimes money flows from bitcoin into alts. Right now we are seeing the strength of bitcoin and people moving money from alts to bitcoin to get some of those profits - nothing wrong with that.

Also I have long believed that this bull market will see bitcoin take back some of the market dominance that it lost in 2017 because as big money starts to move into the crypto-space most of that money is going to focus on bitcoin. Wall St for the most part isn't going to be creating financial products around random altcoins, probably 90% of their products are going to be around Bitcoin, and maybe Ethereum to a far lesser extent. This is going to exacerbate Bitcoin's dominance. Also I'm not sure there will be such a powerful altcoin propellant as the ICO craze during this bull run. So whereas 2017 saw Bitcoin's marketshare be in the 30%'s, 40%'s, 50%'s as normal, I think this bull run could very well see its marketshare mostly stay in the 50's, 60's, and 70's.

Anyway, I'm sure alts will start getting more of the pie as this bull market continues. They did get a huge pump after bitcoin broke out of the bottom and started the bull market to start April, but then people realized that Bitcoin is gonna start moving up in the bull market so that money flowed into bitcoin.

[LUCKMCFLY]

Back over $6000 for the first time since November!

It is like this, now it returns to the range that should never have fallen, let's hope that in this range there will be a lateralization or possible liquidity zones that intensify the tendency to continue rising.

Many bitcoin enthusiasts have high hopes for people to continue to join the technology offered by Bitcoin and Blockchain, investors are seeing that bitcoin has great chances of continuing to rise, and that the trend may arise quickly.

Most market speculators may be waiting for a possible correction, which, has not come, apparently there are many interests that bitcoin keep rising little by little, it would be excellent to reach a range of $ 8k to have more range In order to resist possible falls of Bitcoin, if this is the way low price ranges would not be presented as an offer, quite the opposite, the offer for those levels would no longer be present simply because the new price levels would be much higher high

[GregH37]

Back over $6000 for the first time since November!

Good news! Been waiting for that $6,000 for so many months and it did come. Next target is $8,000 and $10,000. Let's just hope for another bull runs. I can sense some good profits now. Obviously, there will be an additional investors when such good news like this are happening. Expect so many enthusiasts and experts to make a noise in crypto industry.

It a good news though, but we still have a long way to go in the development of Bitcoin, experts and analyst will make noise based on technical analyses and may create a little hype that will cause people to FOMO, but that value usually is not going to be a sustained one, because those that will still be buying them are already existing investors hoping there will be a bull run.

We shouldn’t get over excited yet, our excitement should not be on the value but on the impact bitcoin is making and how many large institutions are beginning to consider the use of bitcoin, we need large institutions to really start making use of bitcoin payment and If they do, the sky will be the limit for the price we will see of bitcoin.

[fourpiece]

Back over $6000 for the first time since November!

And keep on going up, its now 6800$. This could be the game changer that we are waiting for. This pump is giving me chills and excitement.

[bitcoin31]

For now own because we are already broke $6000 value of the bitcoin we are now focus on how the bitcoin break again $7000 bevause it's near to that value. This earlier broke the value because other people think bitcoin will hit in the value of $6000 after few months but it will happen this month which is really great and hope to continue rising.

[omonuyak]

Back over $6000 for the first time since November!

I am still afraid that we are going to see an intense fall of the price shortly.
There is a good increase in the price of bitcoins but not in the alts. Meaning that investors are afraid of buying alts for some reason or they want an alternative of cashing out fast.

Maybe you should refresh https://coinmarketcap.com again as altcoin has started to get some bullish trend at the moment.  Ethereum is just close to $200 and bitcoin cash crossing $300 again.  I love what is happening and I pray it continue like this until end of this year.

[michellee]

Back over $6000 for the first time since November!

I am still afraid that we are going to see an intense fall of the price shortly.
There is a good increase in the price of bitcoins but not in the alts. Meaning that investors are afraid of buying alts for some reason or they want an alternative of cashing out fast.

That will happen later, but unfortunately, we don't know when the time will happen. All we can do is preparing for the down and don't get shocked if the price is dump too deep. Make sure you have money to buy more bitcoin, but if you don't want to buy more bitcoin, then it's better to stay calm and watch the price back to the higher price.

[Adriano2010]

Yes, this is a good sign that grow happen now and i think even if a drop will come on next weeks the drop will not be so huge and people should not start panic sell.

[Oilacris]

I like this chart for just simplicity,  showing 50 day average and how previously we were below it and contained in any price movements upwards.  It was weight above us and similarly alot of participation in BTC had doubts on its gains.



Then we manage to cross over the thin blue line and movements upwards start to gain legs both in size reaching upwards and also accumulating as a gain.    If people want to judge an easier time to buy I would guess its best when moving through this simple momentum measure.   Obviously its come a long way from that average now, I think like leaning off a ladder it becomes a bit more risky then but not to say it cant continue up

Crossing MA's do really have that kind of indication which would be the best time to set in position if we do talk technically.Bitcoins price didn't only break out $6000 price but it would

tend to break out the current resistance of $7400.We are on $7300 price this moment which is pretty amazing uprise movement of btc.Hope this would still last.

[STT]

I dont really count the crossing MA as a big thing for me but it gets others to look up and take notice so it helps alot to win people over and go long BTC I think.

I love what is happening and I pray it continue like this until end of this year.

Well I'm a massive sceptic which is not always profitable to be when price rises, doubting that rise doesnt pay until it reverses.   This whole move has been stronger then I expected, its like it was never meant to have been below 6000 in the first place.

Was it the big autumn seller who dipped us lower, the whole deal with forking to SV and that being forced selling and so just momentary vs regular buyers and users who got us to 6k way back before anyway.

Anyhow surely the OP needs to start another thread now, we are well above 7000 in very little time so this thread is redundant already.