bitcoin has reached 8000$, then what?

[kidbounty]

Would such an event of Wechat banning Cryptos affect Bitcoin..??

https://cointelegraph.com/news/paying-the-price-wechat-merchants-banned-from-crypto-payments

no, I don't think it will affect crypto.

i feel excited but at the same time i feel conscious about whats going to happen next to the cryptomarket
but if you notice when its bear market when BTC price moves upward altcoins tends to dump
but now most altcoins seems to go with the flow,is it a sign that it is bull market ?

yes maybe you are right, this is very different from yesterday's downtrend. not only one or two coins have increased, almost all altcoins in the market are green.

now the bitcoin has reached 8000$ and the altcoin is starting to move up. can this survive or there will be another fall. can this be said that the bear market is over?
~~~snip~~

My opinion is that Bitcoin will make the last spurt up to $ 9,500 - $ 10,000, and then there will be a big correction up to $ 6,000. Who has the desire to take profits, it is better to do it now and not be greedy, because the fall will be as rapid as the growth)))

a price correction up to 6K? I think this is too much. now the bitcoin is stagnant at the price of 7900-8000 and if there is a correction it will not be lower than 7000.

I don't think it's excessive, 6000$ is the normal limit, especially bitcoin goes up too fast. based on my experience, if there is an unnatural increase like this. then there will be a big correction.

[Vishnu.Reang]

I am more worried about the declining Bitcoin dominance. So far this week, it has gone down from 60% to 56%. I am afraid that it may be a repetition of 2017, when many of the worthless altcoins went up by 100x and 200x. These alts are like parasites, leaching off volumes and users from Bitcoin. Anyway.. too early to say that this has become a trend.

[FullofAlba]

It could maintain an upward movement, shouldn't make any huge dive downwards anytime soon 

[Malamok101]

For me theres a chance for bitcoin will pump up again for this year hopefully it will increase because people expecting that all altcoins will grow up again so there are few people willing to invest and hold.

[tegarp90]

There will be bitcoin halving expected in may next year, that's why people are buying it because they know the price will multiplies.
And many crypto experts said bitcoin will no more below 6k

[Gi01]

Considering the changes in the market price of Bitcoin for the pass two days now, Bitcoin's market value will be hitting $9k very soon and it will remain between $8900 and $9000 for a long time before making another increase. But for that increase, I'm not too sure it will happen any time soon.

[nydiacaskey01]

now the bitcoin has reached 8000$ and the altcoin is starting to move up. can this survive or there will be another fall. can this be said that the bear market is over?

I was surprised that the market did not crash when the news broke out about Binance was hacked and a few thousand dollars was lost because of that because usually, the market reacts when something like this happens. Back then, price of Bitcoin will drop 10% - 20% or even more.  Maybe the community now is thinking the other way, its not their coin that was lost so why panic and sell.

[Finestream]

Considering the changes in the market price of Bitcoin for the pass two days now, Bitcoin's market value will be hitting $9k very soon and it will remain between $8900 and $9000 for a long time before making another increase. But for that increase, I'm not too sure it will happen any time soon.

With a continuous growth in the crypto market,i think there are more chances that its price will keep rising even more and might reach above $10k in the long run.Hopefully we can see some potential altcoins too start to increase so we can also make good profits by holding our altcoins in the long term.

[rodel caling]

I get positive for this is end of bear market and finally 8,000$ price of bitcoin is strong enough to get reach the next bull run.

Considering the changes in the market price of Bitcoin for the pass two days now, Bitcoin's market value will be hitting $9k very soon and it will remain between $8900 and $9000 for a long time before making another increase. But for that increase, I'm not too sure it will happen any time soon.

With a continuous growth in the crypto market,i think there are more chances that its price will keep rising even more and might reach above $10k in the long run.Hopefully we can see some potential altcoins too start to increase so we can also make good profits by holding our altcoins in the long term.

Yeah that is very possible because bitcoin price moves last few days at 8,000& to 8,400 to be exact if I am not wrong.

[Chikito]

Would such an event of Wechat banning Cryptos affect Bitcoin..??
https://cointelegraph.com/news/paying-the-price-wechat-merchants-banned-from-crypto-payments

They make a little FUD for everyone, we have to be calm down and passing those news away. I don't thing so they late to buy past and make this one for dumping price on market, but still not affective to bitcoin when people still believed.

[karagun125]

It is the best year so far for bitcoin in after it decreases its price in 2018. Bitcoin now have reached $8000 and i think it can surely reach about $10,000 within a month since it rises in a quick pace now in the market.

[Sithara007]

I was surprised by a price crash. Actually I was expecting the prices to move up, after the favorable decision obtained by Bitfinex from the New York Supreme Court. Anyway, I guess that the profit booking phase was long due. Those who purchased the coins at 3K and 4K are selling their coins and booking the profits. Now we can expect the prices to remain at 6.5K - 7K levels for the rest of the month, before moving up probably by the first week of next month (June).

[Pamadar]

I was surprised by a price crash. Actually I was expecting the prices to move up, after the favorable decision obtained by Bitfinex from the New York Supreme Court. Anyway, I guess that the profit booking phase was long due. Those who purchased the coins at 3K and 4K are selling their coins and booking the profits. Now we can expect the prices to remain at 6.5K - 7K levels for the rest of the month, before moving up probably by the first week of next month (June).

That's really a surprising fall as most of expectations are for uptrend to continue, but you most be right for holders who bought from the bottom it's a good timing to sell and then buy it back whenever the value again went to a good fall do the cycle and take the advantage.

[Rufsilf]

the market goes up and you're still asking " then what?" take advantage of the moment to gain profits, don't waste the opportunity that already exists.

That’s correct, same as the saying “Strike the iron while it’s hot”. I guess he still want to wait to be higher more before he’ll take advantage about the increase. I just hope it’ll not decrease and it will increase even more to get more profits.

[igda23gh]

The bear market is definitely over. It ended at the very moment when we crossed the upper boundary of the global downward channel.

Right now, Bitcoin is gaining strength. It's great that the correction happened right now. Because if it began later, the fall could have happened even stronger.

[dmty.0809]

It seems like the cryptocurrency has not climaxed in its increase, before halving in the next year, there are still many corrections in the market. But I'm sure after this there will be a surprise from Bitcoin.

[Gibreil]

This is the moment that we wait for a long period of time. Maybe, this is just a beginning for the bull run since there is a correction happening right now. I hope that it will bounce in 6k usd so that I can ride the bull before the month of July goes on.

[michellee]

Then we are going to see the price will get down like what we see right now. But don't panic because it is a correction of the price so the price can stay survive and become stronger and it will increase again. Usually, bitcoin price will make a new price in the next week, and the downtrend usually happens at the end of the week, so we have a chance to see bitcoin price will increase in the next week.

[trickyriky]

Well is something happen and maybe now will follow again some drop and possible the grow will continue next month only, but until then we need to wait and hold if we buy on last bull run.

The drops always happen, but I think, this time, Bitcoin can go on growing. We were waiting for this growth for 1.5 years. I think that it was the longest bearish market season. Hope to see BTC for more than 10-13 thousand.

[proTECH77]

Well is something happen and maybe now will follow again some drop and possible the grow will continue next month only, but until then we need to wait and hold if we buy on last bull run.

The drops always happen, but I think, this time, Bitcoin can go on growing. We were waiting for this growth for 1.5 years. I think that it was the longest bearish market season. Hope to see BTC for more than 10-13 thousand.

Probably we may be seeing something bigger than that, but we cannot say for now. Being waited for, for a very long time demand a longer bull run from Bitcoin and not the short term we have just observed. Although the decline on Bitcoin price was as a result of many factors including that of Tether. Hopefully to see Bitcoin bounce back in full mood for all Bitcoiners.