[2019-05-19] Markets Surge $18 Billion, BTC Heads Back To $8K

[CryptoBry]

 

The majority of BTC traders and investors were secretly hoping that Bitcoin price would correct all the way back down to $6k or lower. This would provide ample opportunity to accumulate for a bigger bull run later this year. Their hopes have been dashed this Sunday morning as Bitcoin surged again during Asian trading.

For the best part of the past day, Bitcoin price $8035.33 -0.35% has remained range-bound between $7,250 and $7,400. It broke out of this channel a couple of hours ago during the Asian session and surged 9 percent to hit $7,920 according to Coinmarketcap.com. Daily volume had trailed off by half over the past few days but had already started to ramp up this morning.

Just yesterday it appeared that Bitcoin was taking a breather, possibly poised to drop back to major support zones. A number of prominent analysts were eyeing $6,400 or lower for a possible retracement. At the time of writing, this looks unlikely as the bulls have taken control of the markets again.

Source: https://bitcoinist.com/bitcoin-price-back-8000-crypto-markets-18-billion/


And now, we are officially back to the $8,000 game again. Let's hope that from here, bitcoin still has some energy left to move towards the $9,000 and maybe even the $10,000 level. There is no question that the overall positive sentiment of the market works wonder in pushing bitcoin towards the $8,000 even if some analysts thought that the dip can lead to the $7,000 and even $6,000 retracement.

What's your take of the next of bitcoin beyond this stage...are you going to move more or maybe some correction can be imminent? Can this level now strikes FOMO in the hearts of the many not still joining the bitcoin bandwagon?

[Jating]

Ok, it looks like we have re-tested $8k again. I'm confident than we can sustain this growth and this time it will attempt $8400-$8700. And as expected, the pullback is very healthy as those who are waiting then to buy at the $7k range.

Of course, a retracement is imminent, but we will have to see what the next wave of FOMO will bring, obviously it's in the range of $9k-$10k, but let's see in the next couple of days.

[CryptoBry]

Ok, it looks like we have re-tested $8k again. I'm confident than we can sustain this growth and this time it will attempt $8400-$8700. And as expected, the pullback is very healthy as those who are waiting then to buy at the $7k range. Of course, a retracement is imminent, but we will have to see what the next wave of FOMO will bring, obviously it's in the range of $9k-$10k, but let's see in the next couple of days.

Bitcoin is now getting so excited as it showed its resiliency being back at the $8,000 level. We all are hoping that this time it can make a big surge though we are also preparing for the worse as it is definitely unpredictable. I am wondering what can happen if a big chunk of bitcoin will be sold in an exchange...will it be back to $7,000 or just ignored the development?

[hugeblack]

The price has risen rapidly from $ 5,000 to $ 8000 without a real correction to the next collapse will be worse than on November 15 last year.
It has good resistance levels so unless there is bad news enough, I do not think we will return to the $ 6700 barrier.
Overall I was surprised by this rise and I wanted continuity.

Now channels are back to focus on cryptocurrencies as CNBC speakers say.

[akela04]

Yes, today's market shows signs of joy in growth. On the night of May 18-19, the Bitcoin cryptocurrency rate increased by $ 700. I just have a blast of emotions!

[mindrust]

There is too much action lately.

It looks like markets can't decide which way to go. When it goes above $8k, some people think it is too overpriced and dump immediately and hammer the price down but on the other hand some other people (maybe they are the same people who knows) don't let it fall below $7k neither. When it does, it jumps back above $7k almost instantly.

The price is stuck between $7k and $8k, this can't go on for long. I feel like there is a huge movement incoming upwards or downwards. The chances are slightly higher for it to be downwards. There may be one more chance for the regular Joes to grab cheap coins.

[buwaytress]

You damned whales!

I am just about to login a nice batch of freelancing invoices and then Sunday Asians took the price back up 10%. Thank God for the sellers in Europe I guess, heh. The invoices aren't even for me, but for a couple of people I convinced to ask for payment in BTC. I thought the dump was going to be a small bonus and they'd all light up to see the 10% bump ahead of time.

P.S. So I'm not the only one secretly hoping for $6k huh?

[akamit]

Within the last 9 days, the market cap has increased from 186,672,287,298 to 249,448,602,401... It's $62B+

The market is getting stronger and in my opinion it's a great gain within a short time. Maybe we are moving to the moon 

[boyptc]

P.S. So I'm not the only one secretly hoping for $6k huh?

There would probably few people that are hoping for that price.

But most of the people here are hoping that it would break the next wall, $8k, $9k, $10k and so on.

[rodskee]

While Im writing bitcoin 8,200.96$ icreasing 12% after down  at 10% last week.
People scarry bitcoin diwn to 7,000$ many holders are panicking and stressful
The is they listen to the fuds so another lesson from the holders akways be analyst and learn well before making decision to aviod mistakes.

P.S. So I'm not the only one secretly hoping for $6k huh?

There would probably few people that are hoping for that price.

But most of the people here are hoping that it would break the next wall, $8k, $9k, $10k and so on.

People are been long waiting for the end of bearish market.
People are expecting high price increase of bitcoin going into the moon just and use their patience to get profits at the right time.

[CryptoBry]

Within the last 9 days, the market cap has increased from 186,672,287,298 to 249,448,602,401... It's $62B+ The market is getting stronger and in my opinion it's a great gain within a short time. Maybe we are moving to the moon 

As I am writing this response to you, bitcoin is at $8,049.88 with marketcap of $142,570,847,008. Indeed, there is the overall sentiment that bitcoin has more energy left to burn to make it to $9,000 soon. And of course, we are all cheering and rejoicing at this sudden burst to the "moon" but then we still have to be careful as we don't really know for sure if bears can be back quickly.

[boyptc]

P.S. So I'm not the only one secretly hoping for $6k huh?

There would probably few people that are hoping for that price.

But most of the people here are hoping that it would break the next wall, $8k, $9k, $10k and so on.

People are been long waiting for the end of bearish market.
People are expecting high price increase of bitcoin going into the moon just and use their patience to get profits at the right time.

Yes, everyone awaits for the rise and as tackled only few people are hoping with that lowered price.

Why?

Because they missed the opportunity to buy during the dip/bottom.