Now that bitcoin has crossed $6100, what are your thoughts?

[buwaytress]

How long was Bitcoin at 6k last time around? 6 weeks at least if I recall correctly. The consensus at the time was that of a solidifying levels, consolidating, accumulation, stabilisation, etc. All in preparation for the huge rally that never came. Of course, this is just 6 months ago and almost 100% up from 2019 lows.

My thoughts immediately? 6 months is too short in between for a giant staging.

[tomahawk9]

Hopefully we get a period of FOMO & people start to panic buy, it’s be good for the price. 6k seems really bullish.

A huge fomo wave would be ideal if you're looking to cash out some profits in the short-term (since prices will skyrocket pretty fast), but in the long run, the weak hands/fomo buyers will crash the price by dumping at the first sign of a big correction. A FOMO rally can be a double-edged sword.

[leowonderful]

I'm starting to turn slightly bullish for the short to mid-term personally. Right now we're hovering right near $6050 and an earlier potential dump or downtrend today was bought back up. RSI on the daily is in the upper 70s right now, but RSI can stay very overbought and oversold for some time (example: November with RSI dipping into single digits on the daily). There's also plenty of people with longs that might take profit above where we currently are. I'm also uncertain where prices are going to go from this point on, though I'm still holding a part of a long from the mid 5000s. Might open up a small long here, but I'll probably just sit out for now.

[ralle14]

How long was Bitcoin at 6k last time around? 6 weeks at least if I recall correctly.

Sounds about right, it lasted for a couple of months (from September to November of last year) before the price regressed to $3,500+.

Most of us in the disbelief phase right now. "This is just another suckers rally." It might be a "suckers rally" to be honest. To make sure it isn't, I need it to go above $6.5k. For now it looks bullish af.

I'm thinking the same it's looks like a bait after what happened last year specifically during the second and third quarter when a lot of people are hoping for the price to go back to $10,000 but didn't.

[dothebeats]

Definitely bullish but with reservations for setbacks, especially those who were left hanging after price crashed so hard back to $3000 levels. I'm quite surprised that the price never encountered huge sells after it crossed the $6000 mark which just goes to show that a lot of people are still believing that this would continue going higher and giving us a good bump that we need. Perhaps this is just another mini rallies but for the mean time, momentum is so good for us to not ride it while it's on.

[Yamifoud]

Finally to say that we are in the bullish season but not to think that we are the same with the 2017 bull run.
It is quite slow for this year but it is good to see it recover from a long struggle in a dip. It is time for the market to show what it can do for us( believers), a big return from our trust is compensated. But of course, we shouldn't be to a confident cause we don't know if dumps will follow next.

[buwaytress]

Hopefully we get a period of FOMO & people start to panic buy, it’s be good for the price. 6k seems really bullish.

A huge fomo wave would be ideal if you're looking to cash out some profits in the short-term (since prices will skyrocket pretty fast), but in the long run, the weak hands/fomo buyers will crash the price by dumping at the first sign of a big correction. A FOMO rally can be a double-edged sword.

Damn straight. FOMO is exactly why we're still in this hangover, and why this will again be part of the Bitcoin cycle when everyone forgets about the last one. What's crucial is not to play the game, because oh the game will play you.

FOMO needs to happen slowly, OR at the peak when we're nearing the old ATH (which of course, will happen, just you wait)... I probably will still be dumb and not take profits when that happens, call me an idiot permahodler but I have my sights set on a timeframe still far away, and nothing along the way will change my mind.

[pixie85]

I can't believe we went this far. I bought some bitcoin below 4000 dollars and sold when we hit 5600. The charts were showing we should go down from there and we did but then we went up again and I still had some of my cheap coins from before so I sold another batch at 5800 and my last one today at 6050.
I'm betting on bitcoin not going back above 6300 without a correction and I will buy back again there. We are overbought for weeks now and I'm out of bitcoins  

[Twinkledoe]

I would say I am being optimistic to what will happen with bitcoin this year and the next coming years. With many people learning how crypto really works and the benefits it brings to their daily life, I would say we are going to the right direction. The rise is not drastic, so the stability is there. And before we know it, we are already hitting the $10k-mark again. 

[exstasie]

I'm curious to see how the monthly candle closes.

If we keep stair stepping like this and thrust up to the $7,000s or $8,000s then we might only ever pull back to the $6K area and no further. No matter what, the market will definitely want to re-test this level as support eventually.

Until that scenario begins unfolding, we still have to be prepared for a major pullback off this $6,000-$6,500 area since it was a major battle zone in 2018. In that case, the $4,000s are still a good possibility.

[Bagaji]

The recent increase in Bitcoin value and other top crypto currency has made me to convert some of my crypto coins to our local currency since there is need for me to make use of the profit a have made from this recent increase in the crypto currency value particularly Bitcoin.

[shield132]

The first step was taken when bitcoin rised by 1k usd in one day. After that price went up and uo from 4k with some falls but quick fixes.
Now 6K will be a stable line, maybe we will see price under 6k these days but soom it will become stable amd rise will continue slowly up to 7k and more. I think this will be a logical continues of current situation, especially when binance's hack had zero negative affect on bitcoin's price.

[acheampong64]

Lol, Personally I wouldn't be happy yet. (I mean about the current breakout up) but I'm glad for the overall performance of Bitcoin this year. It's awesome. But for the breakout of 6K, we need more time to declare if we've ideally settled around that else we may have a short celebration.

[Xalata]

Now that Bitcoin has reached into the regions of $6k everything shows clearly that we are ready to experience some bull run of the market and this is the best time to buy and hold bitcoins. Don't harbour fears people go right ahead and invest because we are surely hitting another all time high in the next bull run of bitcoin.

[Reatim]

Yeah you have mentioned it right mate,that the cryptonians are re investing now

Many of the investors that go out in 2018 are now taking the risk again ,but they are very careful in each actions thats why they are putting the money little by little so in case theres a dumping that happen they will not trapped again inside

I guess this is still a not so sure bullrun and might another traps that waiting for victims.but ofcourse nothing knows whats the real score so be safe and secure

[arpon11]

It is now very clear that the downward chart pattern that we witnessed through out 2018 is now over and bitcoin has resume" significant bullish trend". I just viewed my wallet and I see bitcoin now above $6300 and I think the next resistance point will be around $6785. Like many of us think here: are we on the way to $10,000 and will this happened before October 2019? To me this is one of the time we have been waiting for and it is good we understand the significance of this current moment.

[bitbunnny]

The first step was taken when bitcoin rised by 1k usd in one day. After that price went up and uo from 4k with some falls but quick fixes.
Now 6K will be a stable line, maybe we will see price under 6k these days but soom it will become stable amd rise will continue slowly up to 7k and more. I think this will be a logical continues of current situation, especially when binance's hack had zero negative affect on bitcoin's price.

That is all true, except that nothing doesn't have to be logical when it comes to Bitcoin. Although price has crossed 6000$ I'm still not sure that resistant limits are broken. There is still possibility for price to pull back. Maybe this sounds too harsh but years spent with Bitcoin has thought me to be very careful with predictions and expectations.

[greensheep]

I guess not many expected 6 K to breach this fast and this soon, I surely didn't.
But with BITCOIN expect the unexpected...

There is still a huge amount of shorts to be squeezed... that's why I think there is still some juice left and a 7K wouldn't be that unpossible.
Many people expecting a pulback to buy the dip, that's why it might not happen yet...

Imagine breaking 6.3 -6.5k , people FOMO in untill 8K + followed by a 30-40% correction to  5K- 6K
So many scenario's possible from here...

Let's see where this takes us...

[neonshium]

Many investors that put in funds when the market was appreciating in 2017 and has been disappointed because of what happened in 2018 specially when bitcoin fall below $3200 are now been optimistic about the market and some of them are coming back into the cryptocurrencies market.  New funds are coming in and that is why we are seeing market capitalization growing day by day. 
I will like to said that the pattern of the prices'movement in 2017 is repeating itself again and this year is seems to be another bullish year.  As a traders and cryptocurrencies enthusiast,  what are your thoughts about the current happening in bitcoin pricing and other cryptocurrencies?

I don't think it has build a wall yet around the $6000 range and we might see the price of bitcoin dump back to $5000 range though it will not happen for a very long time before we see a recovery that is going to build a wall around $6000 range, this is a good news for the crypto community because a lot of persons who have lost hope in bitcoin will now be coming back on board as long as they never sold their coin during the time of the massive dip we saw few months back, a coin that is not dumped is not lost, this should be one of our motor.

[akela04]

Bitcoin still looks very strong, at the moment it goes up like a tank. Unless of course to take into account the situation on the stock exchanges, especially on Binance, then there is every reason to believe that this is an artificial pump.