Are We Going Back to $7,000?

[LimLims]

See dude,  first i would like to say that,
Market is never predictable and so now it's happening.
We have seen bitcoin rising and now it decreased for a moment, now it again started increasing.
Nevertheless it's always nice if the price increases.
Now lets hope for the best.

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[Huantobene]

It's extremely possible that $7000 will be reached ever, but it would be too far-fetched to say that we-re heading towards $7k right now. The last pullback from 8300 was bought and got up 8100 again, but if it continues making lower lows and lower heights, then $7000 is on the radar for the next month. There could also be spikes, so if you want to buy low, place ladder orders starting from maybe 7100 and down to 5000 and eve below if you can't be at the charts all the time. Btc have long proved anything can happen any minute.

[Shinpako09]

Of course it's possible but is there something to worry. To stop yourself from worrying, just think that price will go back later because eventually it will go up. You are just stressing yourself. Aren't we in bull run already, so why worry? If this fall will continue then it's clear we aren't in complete bull run.

[onecall123]

Yup. It will go back up eventually. Pretty sure that’s happened to us all at one point. Now the market is down. To me sit tight, the market needed to correct. Gonna go up again and will be back up in a week or something like that. I’ll bet on that.

[dark08]

Of course it's possible but is there something to worry. To stop yourself from worrying, just think that price will go back later because eventually it will go up. You are just stressing yourself. Aren't we in bull run already, so why worry? If this fall will continue then it's clear we aren't in complete bull run.

This is a correction after a huge pump up of Bitcoin but like you said nothing to worried because this is normal in the market to see a pump and dump situation just always remember that Bitcoin is grow faster as people imagine it surely go back to $10,000 level sooner or later but not just focus your self tobe positive and just make a good entry in the market, stressing your self is not good specially if you are a day trader or long term holder.

[Gabteb]

Don't think last time we drop to 7200 then go back again now we dropped to 7600 and will go higher than 8.000$ next can be 8.500-700 and then another drop to 8200-300 but we are in beginning of bull market.

[Supercrypt]

I wouldn't rule out a return to the lower or mid $7000s in the short term either as it seems we're having a somewhat difficult time breaking over $8000-8100 at the moment, though most of the dips that have occurred recently have also been bought up relatively quickly. Can't rule out an unexpected large wick down like what happened on the 16th of May either. I would be extremely cautious margin trading for now, keep watch on your positions and close out as needed.

We have been down to this $7000 trend almost like 3 times now very time bitcoin fails to break over the $8k and most of these times, it end up increasing to retest the value again and now, I think this will be the last short, if bitcoin is not able to break $8k again this time, we might really be heading down to $5800 which most people has speculated has being the major dip they are expecting.

At this point is when FOMO will probably visit the market again, and this time around, the fomo will be so big that it might eventually force bitcoin not to onlyincrease to $8000 with full speed, but further increase to $10,000.

[STT]

The price is currently hanging from a precipice at least short term, I see this as a shorting opportunity but its also going back and forth so many times it hardly seems to be a definitive move anymore.

So I really think it should be breaking up through a 2 day average to prove price is on trend to gain more.   If it cannot prove as much then it seems likely the price is sold by speculators.    Longer term we have made some gains but really Im looking for a reset and then further gains.
There is a ton of volume in the 6000 area and it should take a while to digest at that point even though its higher right now I think the 6000 area is not done for this year yet.  Maybe Iam too negative but I dont see this move upwards as absolutely over yet or perfectly proving we are established at a higher price.

[justspare]

It's really possible because the market has been really surprising. It could rise up and go down easily and $7k is so near to its current value. We could expect all the best from Bitcoin but we can also expect the worst at the same time.
The market is volatile so this possibility could happen anytime.

Well, it wouldn’t really be a bad idea If the market can go to $7000 maybe that will be the FOMO point Tom lee is talking about. At this point that the market really finding it hard to fully break further barrier, we need a pint that will serve as big opportunity and create a panic buy, but since we are already in bullish trend, no matter the dip, there will always be a sharp increase that will be surprising to us all.

Whatever the fluctuation we have, I believe greatly that this momentum has the ability to get us to $10k by the end of July, so I am not so much concerned if Bitcoin stabilizes on 8k for now or back to $7k, my target is $10k by July.

[MFahad]

After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49    based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.

Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?

No, it is just up and down, it is temporary happening, and now you could see bitcoin once again come $7871, so i don't think bitcoin go back at $7000 in this time. Now step by step bitcoin will be go up and al least it will be reached at $10000 and more than it, we will see in the next year of 2020 when halving is coming.  

[Ailmand]

The market is really volatile and we can't take control of the changes so it isn't impossible for it to reach $7k anytime or it could also rise up higher than its currwnt value. The market is unpredictable and is always changing so there's no doubt that certain changes could happen anytime.

[rdbase]

I see the price is going back up now and looking pretty good to go upwards from $7900 now.
It is near the weekend and people are enjoying the warm weather so they are happy and when people are happy they tend to spend.
Lets just hope they are spending their money on buying some bitcoin to raise the price up by monday morning.

[Cosbycoin]

After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49    based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.

Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?

Well I think this have been happening for a while now, but I don't think we are going to see the price of bitcoin go down to $7000, rather it's going to go back up, the price has been fluctuating which makes it a very good time for traders to make lot of money for themselves by swapping bitcoin normal coin and stable coin in the crypto market, the truth is that what would be a downfall to one persons is always an advantage to another, this is why it is good for us to learn how to take advantage of the market to be able to make profit at all time.

[pushups44]

After a strong showing of energy getting back into the $8,000 range, bitcoin right now is getting its pack backward and is standing at $7,745.49    based on the CoinMarketCap figures. The market is now on red as almost all altcoins got no choice but to follow the lead of bitcoin. Of course, we are all hoping that this is just a temporary little dip and that tomorrow the bullish stand will be the prominent trait in the market.

Do you think this little dip can be the best opportunity to add more bitcoin into one's portfolio? Or should we wait some more time as there is that possibility that bitcoin can get back or retrace into the $7,000 level? What is your guess?

I figured we would retrace after failing to breach the $8,300 resistance level. We had dipped to around $7,600 but the bulls have been charging ever since. I am sensing a lot of support, especially with the way BTC snapped from the lower $7,000s to $8,200 a couple of weeks ago. I am unsure of where we are going in the very near term, but I expect we will breach $8,300 and reach $10,000+ by the end of this year.

[Indrawan77]

Its hard to say, maybe it can be go down again considering that the rising is not backup by something strong, but maybe it can go up because the trend still positive, but for me I better hold back and don't buy it, wait for a longer time and see how the market change

[Caladonian]

Its hard to say, maybe it can be go down again considering that the rising is not backup by something strong, but maybe it can go up because the trend still positive, but for me I better hold back and don't buy it, wait for a longer time and see how the market change

Preserved those coins which is already inside your wallet might be the best move instead of trying to do short, it's really hard to predict if what directions the value will go, making your calls will be a tough decision making right now, if you can leave it that way and continue holding your coins then you'll be safe at it is, else try to work it out and see if there's a good opportunities to play with this fluctuations and earned from the market movements.

[talkbitcoin]

it seems like some people here have forgotten that they were saying basically the same thing about bitcoin price not so long ago when it was below $4k and they were "expecting more drops" just because price wasn't shooting up every day breaking new resistances!

[maydna]

The price now has back to up to $8000 level price, but we still have a chance to go back down again in the future because we don't know what will happen in the future. And if we see what is going on in the market, I think this time bitcoin price will increase and will reach more than $8500, and I hope that will really happen in the next month. But I guess that the price will stay at $8000-$8300 until the end of this month and then the price will go up to the higher price and who knows, we will be able to break $9000.

[Distinctin]

it seems like some people here have forgotten that they were saying basically the same thing about bitcoin price not so long ago when it was below $4k and they were "expecting more drops" just because price wasn't shooting up every day breaking new resistances!

You are right there, buddy! people are expecting for the price to continuously pumping but they are afraid if it will dump, most of them will loss if they would not think in a matured way. It's normal that the market will undergo some correction when price are pump hard, and that is something not to be panic with, as we can call that a normal one.

Be smart, and buy every dip, and always think that steady increase is better than a sudden pump.

[wumBowo]

for now i just hope the price is stable on $7800-$8100 for a bit longer time.
Pump is good real good, but don't want it will affect for a dump on altcoin in price adjustment, since i most doing a trades on altcoin with a pair of btc