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

[Reid]

It is tougher.
Before that was an instant rage to the 20k price. No one expected it because no one can forecast what could really happen.
Also, it was fast which is not normal when it comes to investing with any currency or commodities.

Now, it is somehow visible. Or we could use that 20k mark as a guide into where bitcoin will maximize its value for now.
It could even get higher than that.

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[kennen1113]

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.

Bitcoin is constantly creating high prices every day, which is really a very good thing but similarly, I don't have too much happiness when bitcoin seems to have abandoned altcoin, it is no longer a leader of crypto, it has become lonely and developed alone, no longer want to take on the heavy responsibility of pulling altcoin up. Hopefully this is just a temporary forgetfulness of bitcoin, if it's forgotten forever, I don't know which worst case scenario will happen to altcoin

[michellee]

I think that the price could increase more than just $6100 and we already reach the higher price this day although it's back to lower price. But I am sure that it will go up again soon and maybe tomorrow the price will reach another higher price as the trend still on the uptrends. So we could hope for making a profit again from these situations.

[Slow death]

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.

2018 was a very bad year for the crypto world, but something that has not changed was always that the price increases a lot we see many people making very exaggerated forecasts

Tim Draper Envisages Bitcoin at $250,000 Taking 5% of Global Market Share by 2023

New funds are coming in and that is why we are seeing market capitalization growing day by day.

with the Bitcoin Halving approaching and with the disappointments that many altcoins are being, people will be more concentrated in investing in bitcoin

Next Bitcoin Halving is Attractive for Investors, Says Top Asset Manager

[ngusmin]

I think it is a positive value that for this year it will be a revival of bitcoin, bitcoin will continue to move up and will be able to make a leap of 10k this year.

[Naida_BR]

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 am cautious because we don't see an increase in the whole market but just an increase in the price of bitcoin.
In the case of being more optimistic I would expect to see all the market going upwards and not only BTC. Now that investors are buying only bitcoin is easier for them to cash out.

[klaaas]

tomorrow the price will reach another higher price as the trend still on the uptrends. So we could hope for making a profit again from these situations.

The difference here that btc already have preformed it once before and people hoping/expecting it again and that lowers the bar to step inn earlier.  with the current daily gain its going fast price wise.

[lepbagong]

I think it is a positive value that for this year it will be a revival of bitcoin, bitcoin will continue to move up and will be able to make a leap of 10k this year.

Has bitcoin begun to show its resurrection? Obviously, I also strongly agree with you that this year is the year of revival of bitcoin, but your prediction that it will be at $ 10K, I actually see even more than that and could happen to be equal to 2017

[exstasie]

I've got to say, this move is quite impressive. We're hovering at the triangle apex from 2018 and......no selloff. Shorts are still high and the market is bucking bad news. Feels like the beginnings of a bull market.

2018 was a very bad year for the crypto world, but something that has not changed was always that the price increases a lot we see many people making very exaggerated forecasts

Tim Draper Envisages Bitcoin at $250,000 Taking 5% of Global Market Share by 2023

$250,000 is only 13x above the last ATH. That's nothing for a Bitcoin bubble, totally possible, especially when you give it another 4 years to unfold. Same as 2014, Draper's prediction gave himself lots of time and is already aging much better than most predictions people made last year.

[cellard]

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.

If things go earlier than what we normally expect ($50-100k in 2021-2022, 1 year after the Halving), we may find ourselves looking at a $50k/coin price tag next year today just before the halvening.

There's no magic trendline that automatically stops a rally from being "a suckers rally" but we went over your $6500 resistance line. The question is, will you follow throught and stop considering this a suckers rally?

I have been advising about buying ever since we hit $3500'ish, because it's just increasingly risky to not be buying after that massive crash. Anything below $3500 should have been taken as a lucky extra.

The way I see it is that there's good news to be seen as we can watch Bitcoin decouple from shitcoins once again, we are in %60 domination in coinmarketcap (even if the "marketcap" measurements are flawed, people seem to be obsessed with that website).

I would say there's %70 chance bottom is in at this point and the left being the magic $1300 lifetime opportunity, but I doubt we will get lucky enough to accumulate at those prices again, that boat sailed and we are going most likely higher and into $100k+ within the next 3 to 5 years.

[LUCKMCFLY]

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?

It may be repeating some pattern, not the 2017, because the pattern of 2017 is too encouraging for bitcoin to be placed in bullish trend, but for now the phase of the market that continues to prevail in the market is that of accumulation.

As long as the accumulation phase continues, the volatility is very high, it is in fact, whenever there are upward movements, it can have very strong corrections, and the market has a clear accumulation zone, in my opinion I could compare it to the period of market of bitcoin from 2014 to 2017, since many bitcoins are missing to accumulate the Strong Hands that are the ones that move the market, there is still a good percentage for the bitcoin to prepare to go up.

To my way of seeing it, I hope they can accumulate fast because I want to see a bitcoin again for $ 20k.

[Tylev]

I think it is a positive value that for this year it will be a revival of bitcoin, bitcoin will continue to move up and will be able to make a leap of 10k this year.

Has bitcoin begun to show its resurrection? Obviously, I also strongly agree with you that this year is the year of revival of bitcoin, but your prediction that it will be at $ 10K, I actually see even more than that and could happen to be equal to 2017

Bitcoin, of course, will continue to grow. Now it shows very good rates of price growth. According to CoinMarketCap, now its price is 6548 dollars. But yesterday, we were glad that its price had risen to $ 6,300. It is hardly possible to make any further forecasts, but it seems to me that this year Bitcoin will not be able to repeat its 2017 price increase. It is too early after the fall and stagnation of last year. Let's watch what happens next.

[rhomelmabini]

I guess we will do a decent correction before we hit another high this 2019. My thoughts is that we're on the bullish trend and guess filling some bags now is a good idea.

[Caladonian]

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 am cautious because we don't see an increase in the whole market but just an increase in the price of bitcoin.
In the case of being more optimistic I would expect to see all the market going upwards and not only BTC. Now that investors are buying only bitcoin is easier for them to cash out.

This current trend is providing a sign of good bullish momentum, most of those investors are not in the side of thinking to sell out but to keep accumulating, as expectations to jump high is now on the road after breaking the $6k mark, most speculators will be in the buying positions and
will watch the bull to conquer the market back to favor investors and traders side.

[hatshepsut93]

I think it's happening sooner than everyone expected, people were discussing whether we have passed the bottom, and when will the bull run begin, just few months ago, and today it seems like we've already in the crazy bull market that everyone was hoping for. $10,000 by the end of this year seemed like a careful optimistic prediction, but now it seems that $10,000 will be reached in a few months if not weeks. And we are still 1 year away from the halvening, imagine the price by then!

[EdenHazard]

The movement price of bitcoin has been returning to the right path. I'm not daily trader actually but I'll trader if there is something news come and I predict I'll able to make profit from it. Such this time, bitcoin price fall previously it just because binance hacked and at that time actually that is the best time to buy bitcoin, and my prediction is right because now the price bitcoin has been rising to $6900 and I'll sell it first when the price touch $7000.

[1Referee]

Bitcoin price is almost $7,000 now

It was a pleasant surprise considering that after being seriously tempted to short around ~$6300 yesterday, I didn't.

Right now I want to see a daily close above the $6400 area and if we can do that knowing that weekends are usually not very supportive in terms of volumes, there is no point in being super bearish anymore. It's so funny how the Hyperwave gang is so silent right now and even avoiding to talk about their sub $1000 prediction.

It was a lunatic prediction even before the price started pumping. These idiots are here just for the purpose of boosting their social media status without being exposed to Bitcoin at all.

[adaseb]

Well we all pretty much sold way too early or hedged way too late. I am pretty sure most people sold or hedged at $5500 or so because $5750 was the previous support of 2018. Maybe some sold at $5999 but once it broke $6000/$6100 it could of went anywhere. People were calling $6200 the top, some people on twitter claimed that $6400 would be the top and now it almost hit $7000 and looks like this might not be the top either.

Open interest is still very high and the funding rate is very high for the bears, so who knows when this will stop. I don't think we will hit $10K, but if we did then I wouldn't of been surprised since we gained over $1000 in less than 2 days.

[Rustamm]

Many are convinced that the $6,000 mark was a sign that a bull market began and we are expected to grow further, but how long it will last and how high the price of Bitcoin will have to look at the market mood in a specific period of time.

[michellee]

tomorrow the price will reach another higher price as the trend still on the uptrends. So we could hope for making a profit again from these situations.

The difference here that btc already have preformed it once before and people hoping/expecting it again and that lowers the bar to step inn earlier.  with the current daily gain its going fast price wise.

Yes, and as I said before, this day bitcoin price reaches $7000, and it means, the price reaches another highest price. We will reach the more and more highest price of bitcoin in this year and the next year so prepare yourself to sell bitcoin at the highest price and make a profit from bitcoin. But don't too greedy because you see the price can touch the very highest price