Bitcoin reached 8000 - and what next?

[Cherylstar86]

The crypto ecosystem is full of  surprises. In as much that Bitcoin's price reached  $8k, there are huge possibilities that the price will either move up or drop.  The crypto space is made up of unpredictable possibilities in relation to the rate at which the market price of Bitcoin and other cryptocurrency changes. Currently, the price of Bitcoin has dropped to $7,935.74 according to [coinmarket](https://coinmarketcap.com) and it might either increase or dropped.

 Indeed, we really can't say what's the final resort of all changes that may occur in the next days to come. Price will continue to drop while many sellers will see to it that their asset needs to gain profit. If there are people whose selling their bitcoins, the right opportunity for other new buyers will come. So in result to that, we seem to witness an outstanding market increase btc price. The situation kepts happening again and again, it's all a matter of cause and effect.

[Hypnosis00]

The consolidation period is a very long one so I think the distribution period will be short and explosive--like how we are experiencing now a parabolic curve. There will be some correction after some time but if we reach 10k within this month, it is a large indicator of a bull run.

We can't make it within this month mate, not really that sure but the market isn't that fast to move any higher amounts rather  it make a stay $8k-$9k.
Having $10k is quite big but it can possible be reach within this year.  
Giving a positive insights to the market, we can possibly be seeing more pumps this year but not to be a straight pumps, we also struggling drops along the way.

[Vaculin]

The consolidation period is a very long one so I think the distribution period will be short and explosive--like how we are experiencing now a parabolic curve. There will be some correction after some time but if we reach 10k within this month, it is a large indicator of a bull run.

We can't make it within this month mate, not really that sure but the market isn't that fast to move any higher amounts rather  it make a stay $8k-$9k.
Having $10k is quite big but it can possible be reach within this year. 
Giving a positive insights to the market, we can possibly be seeing more pumps this year but not to be a straight pumps, we also struggling drops along the way.

Of course we can't avoid some dropdown of prices along the way but i still think the market will stay positive this year until it reaches $15k-$20k at the end end of this year. So holding our coins for a long term can be of great advantage especially that the current price is still growing even more.

[smyslov]

So, we've finally reached $8.000. What will be next? I read an article on BlockChain24.co where they've analyze Bitcoin's chart. And I agree that price should drop a little bit, but I believe overall it will be still growing. What do you think?

And it does happen the price drops a little bit like what happens the other day, but still going stronger heading to the $8000 level, it will eventually finish at $8000 level for the month of June, it's a slow climb but I like it this way, we can easily analyze the price as it comes.

[idham29]

The consolidation period is a very long one so I think the distribution period will be short and explosive--like how we are experiencing now a parabolic curve. There will be some correction after some time but if we reach 10k within this month, it is a large indicator of a bull run.

After waiting patiently in 2018, where the bitcoin price drops to USD3,000, it takes patience and extra confidence that the price of bitcoin will rise again.
It turned out that it was proven that bitcoin rose high, making panic bitcoin owners finally smile. Prices have exceeded USD 8000 and are expected to continue to rise, because positive sentiment continues to follow biotcoin. To increase profits there is no other choice but to increase capital, because it is not impossible 2017 will repeat where the price of bitcoin reaches US20000.

[Netnox]

Now I am not sure when the next rally is going to occur. But one thing is sure. The next one should take us comfortably above the 10K mark, and probably around $12,000 per coin. And unlike the case we had in 2016, I think this time investors will be accumulating the coins expecting a price rise from the block reward halving. We still have 1 year and 2 days to go for the event, but the impact will be seen in the market from 2nd half of 2019. I expect the prices to reach 10-12K before this rally.

[danipay]

This rally has continued because positive events around crypto have exceeded negative risks for months.
More importantly, the negatives are mostly a one-time 'black swan' which risks tail but not persistence.

[Carrelmae10]

So, we've finally reached $8.000. What will be next? I read an article on BlockChain24.co where they've analyze Bitcoin's chart. And I agree that price should drop a little bit, but I believe overall it will be still growing. What do you think?

..just continue to hold and believe in Bitcoin..for whatever things may happen,,Bitcoin will always be the number one cryptocurrency in the universe..after reaching $8,000,,then maybe next day,next year,next month it will reach its peak $10,000-$50,000 for whatever the price it will go through,Bitcoin's volatility will always be unpredictable..

[klaaas]

Prices have exceeded USD 8000 and are expected to continue to rise, because positive sentiment continues to follow biotcoin.

Hanging around the 8k bar and we are still struggling to push on so we are still not over it yet. If the upcoming time no big bears showing up we will go over it.

[bustedsynx]

For Your Information: the above replies has been discussed a thousand times at the last end of bear phase circa 2015 - 2016. It is a sign that the crypto markets are indeed still young and undiscovered when old observations are revived again.

[Vaskiy]

Bitcoin after reaching $8000 hasn't gained much resistance, the price seems to be resisting around $7800. Soon we can expect the growth of bitcoin cross the $8000 with good resistance. Some people mention that the market is quite young, but I find this to be mature. If it is young there won't be much support to be on mainstream, now people keep on discussing about bitcoin on mainstream usage.

[iqlimasyadiqa]

Bitcoin after reaching $8000 hasn't gained much resistance, the price seems to be resisting around $7800. Soon we can expect the growth of bitcoin cross the $8000 with good resistance. Some people mention that the market is quite young, but I find this to be mature. If it is young there won't be much support to be on mainstream, now people keep on discussing about bitcoin on mainstream usage.

Bitcoin has become increasingly attractive and now has many users. some companies have even begun to implement the use of digital currency and bitcoin. this certainly becomes so positive because bitcoin will increase its demand factor and our job is to maintain price stability by increasing the use of bitcoin. let's create a new era that is a rapidly growing digital currency ecosystem.

[watchagotcha]

Bitcoin after reaching $8000 hasn't gained much resistance, the price seems to be resisting around $7800. Soon we can expect the growth of bitcoin cross the $8000 with good resistance. Some people mention that the market is quite young, but I find this to be mature. If it is young there won't be much support to be on mainstream, now people keep on discussing about bitcoin on mainstream usage.

Everyone was talking about the big-big resistance in the range of 6000-6400, as the price was there for a lot of time before the fall. But it was broken so easy that simply caught most bears off-guard. As for the market maturity, it's really very-very young compared to any traditional markets. Gold and stocks are traded for over a century, btc is about 10 years old, while first years had ridiculously low level of people involved. It's definitely more mature than ever since it grew by thousands of times since 2010, but price action isn't really organic, which indicated whales have big impact on the price.

So what's next? Struggling in the range of 5000-8000 would be fine to finally give a word to altcoins, but roller-coaster scenario could also be the case. I don't expect the double bottom either black swan even, f.e. tether scam, comes into play.

[DomainTorrent]

Expect bitcoin to reach 9k to 10k later on. It's gradually rising and it will continue to do so. This is good news for those who love bitcoins just like me. Just continue supporting it and spread the word.

[ghost424]

The value of Bitcoin and other Cryptocurrencies are always fluctuating. Bitcoin will stay on the top of the market due to the fact that it is widely used and known to most countries. Even though we expect the increase in value of these cryptocurrencies, what we must look forward to is the stability of the value because it is important for buyers to consider the stability of the token or crypto value.

[micalith]

May be $10k then $15k or $20k. I would not surprise if it cross $30k too.
Or may be $3k again?

It does not matter what the price is if you are a long hodler.

HODL!

I agree. For altcoins i prefer trading in short time. But when it comes to Bitcoin, the best option is to Hodl for long term. In time we’ll see the real power of Btc.

[trickyriky]

So, we've finally reached $8.000. What will be next? I read an article on BlockChain24.co where they've analyze Bitcoin's chart. And I agree that price should drop a little bit, but I believe overall it will be still growing. What do you think?

The next thing is more than as we expected.Bicoin value has possible growth more than that but the market is unpredictable and unstable so the risk to invest is always in.

I am waiting for 10 thousand this year (maybe even more). I hope that 2019 will get into history as the period of another great bull run. Suppose that history can be repeated, and those, who did not make money on crypto in 2017, can do it soon.

[Carollzinha]

So, we've finally reached $8.000. What will be next? I read an article on BlockChain24.co where they've analyze Bitcoin's chart. And I agree that price should drop a little bit, but I believe overall it will be still growing. What do you think?

The next thing is more than as we expected.Bicoin value has possible growth more than that but the market is unpredictable and unstable so the risk to invest is always in.

I am waiting for 10 thousand this year (maybe even more). I hope that 2019 will get into history as the period of another great bull run. Suppose that history can be repeated, and those, who did not make money on crypto in 2017, can do it soon.

According to McAfee BTC will hit 50k USD at least by this Christmas and overpass the 1 million USD by the end of 2020
I dont think it will get that far but I believe it will hit again these 20k USD by the end of this year.. or at least get close to it.. by the end of 2020 I'd say 50k USD, not much more than this

[Rana590]

It is just starting to rise. Day by day more good news will be coming. And for this, we should wait some more times. At this moment, our duty will be supporting the market. Hopefully it will hit $10k very soon.

[Vishnu.Reang]

Bitcoin after reaching $8000 hasn't gained much resistance, the price seems to be resisting around $7800. Soon we can expect the growth of bitcoin cross the $8000 with good resistance. Some people mention that the market is quite young, but I find this to be mature. If it is young there won't be much support to be on mainstream, now people keep on discussing about bitcoin on mainstream usage.

There is no resistance around $8,000. What we are witnessing is a temporary lull in the bull rally, due to profit booking from the traders. Some of the users had accumulated the coins at around $4,000 per coin in March, and now these users are selling some of their coins at 100% profit. This phase may go on for sometime before the bull rally resumes.

I would say that the major resistance would come at somewhere between $9,500 and $10,000 per coin.