Bitcoin just hit $8000 today and dropped right back

[Yourhomeboy]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

[blockman]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

It's really hard to know. Everyone will be giving their opinion and prediction at this point and all of time, there's always the predictions that are against to what we want to hear. But forget about them, what's important is that we've got to see $8000 again but we don't know what's next or if it will stay there for the time being or it will breakout again and go for the next higher level. We really don't know but anyway, welcome back for bitcoin @ $8000. 

[XenoFever]

Something good happening right noe, from its lowest price of $3,900 for this year then it is now about 8,000 USD and if  you compared the difference we can say that it is around 4,000 USD which is really big, luckily even though we're still facing pandemic virus bitcoin still going up which is really good for us but still it is not stable because there are still times thst it goes down so for all the traders out there always be careful when doing so.

We cannot predict what will happen next because no one can predict the price of the bitcoin for next day, it always change day by day or seconds by seconds. There are many different perspective about the movement of bitcoin and we cannot tell which one is true.

[bakasabo]

I'm observing $8088 on coinmarketcap at the moment. Little more than 12 days before bitcoin halving. Is this the growth and pump everyone was talking about? Since April 24, bitcoin already made +1000$. If it continues to grow like this, then we will meet halving with the price of 10k - beautiful and round number

[Yourhomeboy]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

It's really hard to know. Everyone will be giving their opinion and prediction at this point and all of time, there's always the predictions that are against to what we want to hear. But forget about them, what's important is that we've got to see $8000 again but we don't know what's next or if it will stay there for the time being or it will breakout again and go for the next higher level. We really don't know but anyway, welcome back for bitcoin @ $8000. 

for real we can't predict but as Bitcoin enthusiast we can sense when something good is at the corner. This year 2020 came with a pandemic and if Bitcoin is supposed to have a bad time it should have been this year. But it keeps moving further not minding the pandemic at hand. Getting to $8000 is a very good sign, besides Bitcoin halving is very close. Nobody is expecting Bitcoin to dump after the Halving, instead we are hoping for the moon at least $10,000 is not a bad score. For real Bitcoin is a surprise.

[Yourhomeboy]

Something good happening right noe, from its lowest price of $3,900 for this year then it is now about 8,000 USD and if  you compared the difference we can say that it is around 4,000 USD which is really big, luckily even though we're still facing pandemic virus bitcoin still going up which is really good for us but still it is not stable because there are still times thst it goes down so for all the traders out there always be careful when doing so.

We cannot predict what will happen next because no one can predict the price of the bitcoin for next day, it always change day by day or seconds by seconds. There are many different perspective about the movement of bitcoin and we cannot tell which one is true.

I will keep holding my coins. Knowing that if it falls, it will surely rise again. Trading for now, is at owners risk. Nobody knows what the outcome will look like. I suggest that traders that cannot help it but trade, should start with a smaller amount then keep an eye on the price 24 hours a day.

[fiulpro]

We are in a time of crisis and trust me many small investors are looking for an opportunity where they can encash and don't loose money at the same time .

This is a dire situation thus everyone do needs money with the jobs being closed and bills piling up , therefore this situation was how it actually works and the slight spike might mean the halving is going to be a positive event for Bitcoins .

[btc_angela]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

It is very hard to see where the price will be heading pre halving, yes we might be having this sort of mini bull run today, but it doesn't mean that we can go on parabolic rise and hit that magical 5 digits right after the date. Although sentiments seems to be bullish, chances are, this may not be sustainable, in my opinion. So I will be very cautious and not to be excited and would consider a day to day basis and see how the price will react until the day of the halving.

[dothebeats]

We're currently above $8000 on most exchanges right now and it seems like that stimulus fund money is kicking in hard! ^/s

From the looks of it though, strong support levels are now moved from $6600 to $7000, but it's too early to call this as something that can hold for long IMO. Price action still seems shaky for the most parts of the day, but I'll bank on the idea that this climb and breach to $8000 would put some more greens in the coming weeks--perhaps even an inch under $10000 is possible by 1st week June seeing how stimulated the market already is.

[Yourhomeboy]

We are in a time of crisis and trust me many small investors are looking for an opportunity where they can encash and don't loose money at the same time .

This is a dire situation thus everyone do needs money with the jobs being closed and bills piling up , therefore this situation was how it actually works and the slight spike might mean the halving is going to be a positive event for Bitcoins .

Yes definitely, when you say “small investors looking for an opportunity where they can encash" Do you mean Bitcoin got some investors that entrust on it and that they won't loose their money in the process? Can you please explain better.

[blockman]

for real we can't predict but as Bitcoin enthusiast we can sense when something good is at the corner. This year 2020 came with a pandemic and if Bitcoin is supposed to have a bad time it should have been this year. But it keeps moving further not minding the pandemic at hand. Getting to $8000 is a very good sign, besides Bitcoin halving is very close. Nobody is expecting Bitcoin to dump after the Halving, instead we are hoping for the moon at least $10,000 is not a bad score. For real Bitcoin is a surprise.

Yes.
That gut feeling that we have which we can use base from our old experience or encounter with the price movements of bitcoin. But it will not rise as always, expect some corrections but it's normal if we get to see it.

[Cnut237]

will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k?

The huge sudden drop earlier this year occurred because COVID-19 hit economies much harder than was anticipated. That was the initial shock. It is this deviation from expectation that causes swift price swings. Ever since then, prices have been recovering slowly but steadily. I expect this pattern to continue. We will remain above 8k and push back to where we were before the pandemic struck, yes. 10k is not an unreasonable expectation. Of course there will be bumps along the way, we may dip below 8k again, but if we do then I suspect that would only be in the very short-term.

[Reatim]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

So we are witnessing Bullrun now?for the whole month we struggle to even hit $7,500 price and now here we are having atleast 8k in value?

well this is the result since we have been expecting growth before the Halving and it is near to come by 11 days.
But also there are some prediction that we are still waiting for the Bottom before we finally Hit the Bull,i hope this is not another trap.

[UserU]

So we are witnessing Bullrun now?for the whole month we struggle to even hit $7,500 price and now here we are having atleast 8k in value?

well this is the result since we have been expecting growth before the Halving and it is near to come by 11 days.
But also there are some prediction that we are still waiting for the Bottom before we finally Hit the Bull,i hope this is not another trap.

You could say that. Within the past week, BTC shot up from 7 to 8K.

[The Sceptical Chymist]

Just checked preev, and bitcoin is $8179 at the moment--not bad, and I wasn't expecting it to break through $8k anytime soon so it's a nice surprise.  The real question is whether it can stay above that mark and whether this might be the start of a trend (perhaps in anticipation of the halving).  Who knows? 

Bitcoin is notorious for its volatility and for extremely unpredictable price swings.  If you're a short-term trader, I'd be cautious about trying to make a quick buck by buying now.  In any case, this was a nice wake-up surprise for me this morning.

[Taskford]

So we are witnessing Bullrun now?for the whole month we struggle to even hit $7,500 price and now here we are having atleast 8k in value?

well this is the result since we have been expecting growth before the Halving and it is near to come by 11 days.
But also there are some prediction that we are still waiting for the Bottom before we finally Hit the Bull,i hope this is not another trap.

You could say that. Within the past week, BTC shot up from 7 to 8K.

Right since we cannot say on what will it be since the current we experience on the price is so fresh so maybe lets wait for 1 week if the price will go stable to $8k then might we gonna see a price rise or provably we will see the bull run hitting the rocks this year or maybe in next year.

[TheBeardedBaby]

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Brrrrrr brrrrrrr brrrrrrrr - that's not the sound of money printers printing inflation, this is the BTC rocket engines going to the moon and beyond.. With halving to the heaven   woowhooo!!

[UserU]

I don't know what the OP is trying to say with that dropped right back at the moment BTC is breaking the roof and soon is ready for moon-lading.
No FUD can stop it!!

Strap in boys, we're eyeing the Lambo!

[akram143]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like. Are we expecting it to Spike to 10k? What did you notice about this and what is your opinion towards this recent development? Cheers

Currently bitcoin is selling over $8500, so possible we are moving forward $10K level especially after the halving.Don't create fuds about dropping bck then only people will not be afraid to invest on cryptos in this pandemic condition.

[exstasie]

From the recent development recorded today about Bitcoin hitting $8000 and dropped back to 7000+, will it break through the $8000 or dump back to maybe 5k what is the prediction going to look like.

The intraday drop from $8,000 is barely visible on the charts anymore.

8 hours later, the market tagged the $8,900s. Perfect example of why nobody should focus on intraday price action, like the hourly time frame. Too much noise, not enough signal!