Triangle breakout

[exstasie]

Looks like we've started the next wave up. We should have a nice uptrend going for the next week or two. There's still time to jump on board. I think this will go to the $10K area, possibly further.

Where do you think this will top out? I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

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[timerland]

I think it is inevitable that a bull market comes sooner or later, if this can't already be classified as such.

The sentiment within the market has already shifted to quite bullish compared to what we saw at the depths of the bear market just a few months ago, which is a sign that mainstream investors are going to be coming into the market based on fomo alone.

It's difficult to say when this bull market will top out exactly, though I think it should be fairly easy for BTC to rally above its previous ATH as a matter of time, given all the new institutional interest within the market this time round, as well as the increased investor base from the '17 market. Though, I'm still doubtful that it'll transpire to anything as large as the hundred-fold growth we saw back then, since total market cap is already quite high.

[1Referee]

I'm happy that I stopped shorting and got rid of my open short that would otherwise get liquidated.

My mid term target is that the market will top out just under the $10,000 level, correct to $6000, then consolidate, then later attempt to break that $10,000 level again.

As for the altcoins, it has been a horrible year so far in terms of BTC value. XRP lost 50% of its BTC value, and so are there more coins with similar losses. I expect this to continue until Bitcoin shows signs of weakness, and that may be when altcoins will start to regain in BTC terms. In fiat terms most of the altcoins did okay to well, but Bitcoin as big dog and hard to move crypto has been one of the best performers so far, which is quite nice for a difference.

[Adriano2010]

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

[STT]

I'm thinking very similar, I hate to say it because I didnt bet upwards but to break upwards like this appears bullish to me.   I would expect the next week to be positive based on this.



However on a daily bar if it can close back below 8200 then its a failed breakout and that is bearish.   Not thinking it will do that but that would be exception to the rule I guess

[Dart18]

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

Yeah and it looks like we will have to wait for bitcoin to be in bearish trend again or we could say correction and then altcoins might be pulling up for correction too.
But with bitcoin growing large, it seems like altcoins are still having a difficult time to chase it. Before it was like that way and I am expecting that by now too. Yet, there are still no traces that it will happen.
Got so much altcoins in my portfolio that are waiting to be in good value.

[ajqjjj]

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

Bitcoin will going to moon so all the predictions are never possible at anytime. The current situation market is growing well so all the traders are never watching these kind of charts and expectations. May be next week also it will reach 10k USD so before that we can buy more Bitcoin in this time. But those are buying 24 hours before they are all enjoy in current traffic.

[btc_angela]

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

Bitcoin will going to moon so all the predictions are never possible at anytime. The current situation market is growing well so all the traders are never watching these kind of charts and expectations. May be next week also it will reach 10k USD so before that we can buy more Bitcoin in this time. But those are buying 24 hours before they are all enjoy in current traffic.

Lol, we are not talking about going to the moon here, We are all speculating that a break out run to $10k would happen in the next days or so. It is still still early to say 'mooning'. Short term goal should to at the $10k, unless more FOMO sets in again, it could be huge to see the price grows even more at the end of the month.

[pooya87]

although you'll never know with bitcoin but i don't think we can break $10k this soon, it could probably take a while with at least a couple of tries and fails to break it and go to $11k all of a sudden.

up to this point was the result of the "reverse bubble" burst in my opinion. as i said before, price was in an unstable and artificial low and now it is "bursting" in reverse to go back to the normal stage. with $8k we are just back to where we should have been in January-February if the manipulation hadn't happen.

[CryptoBry]

Looks like we've started the next wave up. We should have a nice uptrend going for the next week or two. There's still time to jump on board. I think this will go to the $10K area, possibly further. Where do you think this will top out? I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

Congratulations! I think you made the correct projection as just one day after...bitcoin is now moving towards the $9,000 zone which can mean that maybe days from now if not a week we can see bitcoin already approaching the $10,000 barrier. There is a strong market sentiment that bitcoin is all ready for the next level and I am sure that at this time there are many institutional fund managers eagerly looking how they can enter the bitcoin bandwagon and make some money too.

[pushups44]

Looks like we've started the next wave up. We should have a nice uptrend going for the next week or two. There's still time to jump on board. I think this will go to the $10K area, possibly further.

Where do you think this will top out? I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

That's a solid observation - I saw the $8,300 as the major barrier, and we sliced through it. How high we go from here will depend on previous areas of support or resistance between $9,000 and $10,000. It looks like in May 2018 the $9,900 level was resistance or a peak from which the price continued to slide.

[arpon11]

This week and next week are two weeks to really watch over as I am suspecting bitcoin to break another strong resistance leve at $9050 area. I think the market is going to be bullish until something fundamental happen that might push bitcoin down but it will resume the uptrend again and this uptrend may last until the end of next year. Like op has said "it is not too late to join the ship" .

[Red-Apple]

This week and next week are two weeks to really watch over as I am suspecting bitcoin to break another strong resistance leve at $9050 area. I think the market is going to be bullish until something fundamental happen that might push bitcoin down but it will resume the uptrend again and this uptrend may last until the end of next year. Like op has said "it is not too late to join the ship" .

i don't think we can see anything that can push price down before we see another bubble even a small one that pops. which probably can happen close to the halving. other than that the only drops that i expect seeing are the regular corrections that have to happen to keep the market healthy.
but i agree that this following weeks are the important ones, if we keep this momentum we can see $10k be broken too.

[davis196]

I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

There's always time to jump on the bitcoin board,even if the price crashes back to 4-5K.
I count care less about altcoin prices right now,but the high amount of greed will move many traders out of bitcoin into the altcoin markets,looking for some insane profit margins.

[freedomgo]

$10K is my next goal now, and I think sooner we will be at that level.
I have already jump shit, thanks for the suggestion but I have been accumulating when bitcoin is still at sub $3000.
For new in the market, it's a great opportunity to have a short ride, as this year will probably and explosive year for crypto.

We have a great day today, tomorrow, I'm expecting great pump when I wake up, I'm just to positive at the moment
as the price that I did not expect to come early, just prove me wrong... More to come, I believe bull run have already penetrated the market.

[buwaytress]

Looks really like it, doesn't it?

I have said my worry a couple of posts ago and it still stands, that all these serious waves of growth have not had proper time for consolidations, but I suppose nothing but the most recent resistance and support matters at this kind of ravenous movement.

Altcoins are not looking too great at the moment against btc, and don't laugh but doge btc price is one of my markers. Currently at 35 and dropping steadily since April, it will slide til sub 20s and that's for me the floor for their kind.

2019 is turning out to be pretty fun after all. Lots of people waiting to be proven right and wrong.

[BitHodler]

I expected a break to the downside, but had a price target of around $9500 in mind as peak in case of a break to the upside. Good for my hodl stack, a little less for my speculative stack, but it's all good since you can't be right all the time.

I only use 5% of my total hodl stack for speculative purposes so the 'damage' is negligible, and the price can always fall back below the points I sold so nothing is lost yet.

I'm honestly not sure what to expect anymore. $8000 formed way more of a barrier than the ~$6000 level did, and that while it would make sense to have it be one of the toughest levels to break through.

[Yutikas_11920]

This week and next week are two weeks to really watch over as I am suspecting bitcoin to break another strong resistance leve at $9050 area. I think the market is going to be bullish until something fundamental happen that might push bitcoin down but it will resume the uptrend again and this uptrend may last until the end of next year. Like op has said "it is not too late to join the ship" .

from the graphic indicator that looks like the price of bitcoin has the potential to be very expensive but it will not happen if there is nothing to support and no one buys, but the current price is too expensive so you should be careful when you want to buy.

[samcrypto]

This week and next week are two weeks to really watch over as I am suspecting bitcoin to break another strong resistance leve at $9050 area. I think the market is going to be bullish until something fundamental happen that might push bitcoin down but it will resume the uptrend again and this uptrend may last until the end of next year. Like op has said "it is not too late to join the ship" .

This a good breakout, we are aiming for an expensive price again and yes in the first week of June it can go beyond the peak of this month. Keep buying, don’t wait for the next wave because it will be at a higher price. We should not too focus on bitcoin, altcoins are doing well also make this as your good option, bitcoin and altcoins will bounce back and enter the uptrend.

[leowonderful]

I opened a 10x leveraged long at around $8070 and I plan on keeping it open until the mid $9ks when I plan on closing the position fully. Took a bit of profit near $8800 yesterday, I feel like I could've done better but it's still a signfiicant gain in the end. Feels like this will go sideways for a bit and break up or just break up in the next hours or days. We had a little pump after Bitmex funding happened today (0.3%, 0.375% is the maximum funding rate in an 8 hour period for XBTUSD) and we've fallen to right where we were before that funding pump, though it seems this is actively getting bought up. Looks good for the bulls so far.