Bitcoin Forum

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

I also feel optimistic if bitcoin next week will rise in ahrga $ 9k may be again, but for now it is reasonable if bitcoin prices have decreased and but we should be calm and relaxed face a temporary price reduction.

I think that the current drop in btc price is because of Mt. Gox Wallet case.
Bitcoin will recover again, as always and eventually cross 10 k psychological barrier.
After that, everything is possible.
I don't think that btc will drop back to 7k again.

Back to 7000 zone again is not something that can happen so easily until a negative  news from government that will make traders panic sell. Bitcoin is heading to the $10,000 mark very soon and the drop in price is an indicator. Is a just a fake out.

maybe the price of the token will fall, but we will still go up after may 14. you'll see. soon everyone will be able to earn good money!

Possibility can happen as we can't assess how the market will be in the next couple of days, I'm still positive that supports will remains on hold with this 9k$ barrier, if this downfall bounce back right away, then we are going to see the next jumped, maybe before this month ends, we will be able to reached 12-13k$ marks, just remain positive and enjoy the ride.

I don't think it's possible at the moment.
Because bitcoin has gained a lot of consensus, there is not much room for decline.

What thoughts, facts, news, technical or fundamental analysis is driving you to this conclusion that Bitcoin will drop below $8,000?

To say it doesn't give any of us confidence that your thoughts are accurate. Can you give us some background on what you're seeing that's telling you what will happen?

We're more likely to keep marching forward because the recent weeks over weeks trend as been positive.

i think it still normal when see it, the market movment are going down a bit just caused by the whale who selling it when the price are in 6k in the past ago i think

While it certainly can as anything is possible in this space, it's highly unlikely that it drops to that price, especially now.
With CONSENSUS 2018 happening next week and somewhere close to 4k + attendees, I expect a bigger price point if anything.
We can only hope, though.

It's absurd what the administrator of MT Gox is doing. He's selling the bitcoins. He must be earning some bribe from some exchange to do the negotiation. There's no sense in him wanting to sell the bitcoins. He should return the bitcoins (or part of them) to the customers who were harmed.

there is no can predict with certainty, because sometimes bitcoin is influenced by other negative factors from behind without we known.

today I do not know what factors make the bitcoin drop again. I often experience wrong predictions.
so we better continue to support bitcoin and make a good contribution.

Next week is too long bitcoin will go back to 9300$ tomorrow. By next week bitcoin will be over 10,000 $.. The price drop today is just temporary and it was just a show made by the whales so that people will panic and sell their coins so they can buy it. Let us just trust bitcoin since even if it falls in value it will go back up again.

I do not think it's possible at this time, because bitcoin has achieved a lot of consensus, not much room for decay. I hope it will thrive in the end of 2018 and the price will reach $ 25000.

Maybe one of the reasons is that some have dumped again their bitcoin when it reached another higher price because they are now afraid to hold they bitcoin any longer thinking that other people would do the same thing.

There is a lot of news that happen and some of this news is bad news thinking that it is one of the reason why the price of bitcoin was dropdown I read that there is a news on South Korea that the Largest Crypto Exchange Upbit Investigated By Police, Markets React, i read this topic on cointelegraph.

This is possible but no one can predict price of bitcoin but for sure it will bounce back because it has gain so much CONSENSUS so it won't drop too low.

Bitcoin and all the Alts have taken a dive recently, one new hit overnight would be the HitBTC exchange in South Korea being raided by the authorities, seems they reportedly have been selling coins that they do not own, in fact they share the order book and reels with the Bittrex exchange, so I am not sure how that works. Maybe something is adrift, my first thoughts are of a false alarm as there have been recent raids on fellow South Korean exchanges, so HitBTC would have been expecting a call. We will see.

Everything is possible in crypto world no one can predict price bitcoin i hope bitcoin price is again high

I'm not afraid when bitcoin declines to $ 7,000 because bitcoins for investing are very good and profitable for the long term.

it looks like bitcoin will not go down to $ 7k, now bitcoin is still priced around $ 8600 and I see bitcoin will soon rise again :)

Should. Haha that's funny. If he wanted to return, he would have already done it. He's a robber and scammer, not a nice guy and righteous person. Of course he intends to sell stolen bitcoins sooner or later.

The price will bounce back to 10k. Standart FUD manipulation. Hold your longs guys and you will be rewarded.  ;)

Highly doubt so. Check out this Bitcoin (https://bestcrypto.tv/cryptocurrency/bitcoin/) technical analysis by SkrillaKing (https://bestcrypto.tv/author/skrillaking/) to find out more:

https://bestcrypto.tv/1182/sell-or-buy-during-this-crash-how-to-profit-bitcoin-technical-analysis/

Bitcoin can do everything and we have seen it for years. Big players play by their own rules. Small players can only ride on the waves.

If it drops to 7k zone, it means it breaks the down resistance line.
Which means it's hard to get back to 9k.
I think this correction will be just until 8k - 8,5k and it will rebound again to 9k

below 8000 USD is impossible this quarter.
i am looking for bitcoin to get 10K above.
we just need to hold and stay.
don't panic, just be calm!

8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price (https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/)
Such incidents are unstoppable and will continue to happen. We saw previously a major setback to BTC price when China banned ICOs in Sep 2017, every negative and positive news will effect BTC price. Those who can withstand this pressure selling will be the ultimate winner in the end.

The dropping may be as a result of market situation since there is no new negative news from any where as at yesterday and today. All thing be equal anything can still happen either to the both side. One thing so setting is that 2018 would be fruitful year for bitcoiner. Watch!

I do not think BTC price can be analysed by TA. I followed TA some point of time and look like all TA analysis are failures.
One more difference I find in crypto and traditional share market that coins are mined regularly that is not case with traditional shares that you create 12.5 shares of company every 10 minutes.

You cannot predict how this newly created 12.5 shares will be sold.

In my opinion, the price of bitcoin is unpredictable and can surprise abruptly. First, fluctuations in bitcoin prices can be caused by the supply and demand of the bitcoin itself. If many people buy bitcoin in large quantities, the price of bitcoin will rise sharply. In otherwise, if many bitcoin owners sell bitcoin in large quantities, the price of bitcoin will decline sharply. Second, nobody controls the price of bitcoin so bitcoin prices can change suddenly. So, I'm not sure, bitcoin will drop 7k zone or grow up to 9k zone next week.

This selling that caused a lot of the drop is primarily coming from people taking their funds out of Upbit as they are concerned due to the recent raid. They will most probably go to other exchanges and buy there, which will result in that the markets turns green again in a near future.

i can't see anything like this to happen now.
bitcoin will stay above 8k USD, and will get more than 10K usd.
soon we will see that.
there are so many businessman getting in bitcoin we just need to wait and will have the fruitful months.

I don't see the price dropping beyond $8,500 as we are seeing it at the moment and it is likely to close that way today. What happened was just a little correction because the market is still giving a buy signal. Most likely, it is going to get back to $9,000 this weekend.

I think this could happen. Bitcoin prices have fallen from $ 9,000 down $ 8000 and then $ 7000 can be within few day to . But this decline is normal  and this decline is certainly a good opportunity for many investors who are expecting bitcoin to fall price back. They will buy as many bitcoin to store. Bitcoin prices are likely to be better next week. Because bitcoins are in  the upward trend, you may see prices higher than $ 9,000 next week.

indeed a big correction like this is really beyond estimation, whether there is anything that can cause BTC market like this, i really want to know, the possibility to going up will be difficult again. But the possibility can still happen. maybe the end of this month will return to normal

Just chill people, bitcoin will be in 10k in a couple of weeks from now. I assure you that this will happen because I've read a lot of analysis on this trend. Expecting positives thoughts sometimes results into its happening. If bitcoin can even overcome 12000 USD by next month, that will be a great boom for me !  ::) ::)

Always the dumping and pumping could always possible in the market dumping of bitcoin up to 7k$ is always possible in just a small amount of time we all know the supply and demand thing which always depends on the people so we could always expect this but the good thing is we could always expect the bitcoin to go and pump its price we know the history of bitcoin and no one knows that it will reach that limit.

It has dropped to $8,500 so basically everyone is worrying if it goes to $7k or further. I don't want to think of any other thing that can be negative to bitcoin. I just want to see it again recover until it goes back to $10k and more. It's quite hard to see that it's suffering again for today but we all want to see it recover so for now we just have to wait and see it at this dip or the best thing to do is to buy right now.

It's possible I admit but I don't think the price will go down all the way to 7000$ in this round.
I can already feel how panic among users is rising, again, although in fact there is no reason for that.
Use this minor price change for buying the coins to profit in the near future when the price will go up again.

Bitcoin will drop from 7k-8k dollars then after two weeks it will rise again to 9k, by the month of june it will hit 10k then continuously rising up till october then it will drop a little bit by a couple of weeks then the price of bitcoin will hit 20k dollars zone by december.so invest now buy bitcoin and hodl it.

The bitcoin has been floating about for a month as if it were on waves, then rising a little, then dropping, but with a general trend of smooth growth. Therefore, it is unlikely that now the price of bitcoin will fall below eight thousand dollars. Most likely, this is still the lower limit of the amplitude of its oscillations and it will continue to maintain a trend of smooth growth. Moreover, there are as yet no negative news for the fall as well.

multiply assets when bitcoin prices decrease and take profit next year. I'm sure bitcoin will increase in the next year.

Currently it's around $8500 zone. I see it testing  the $8000 support zone but I strongly believe it won't break it will likely consolidate around that zone for one for two days before taking off to $9k

Stay tunes of bitcoin prices. I just think, if the bitcoin price falls, it is the right time to buy and immediately buy. if bitcoin prices rise. this is a good time to sell. fall or pump bitcoin prices. I still support bitcoin. because it's just a whale manipulation for graphic art ..

This is just whale manipulation, dropping the price due to a small amount of negative news expecting others to do the same. When they realise that mt gox will trade otc the market will pump back up again. Some easy gains for the market manipulators

Correct, they sell and expect the market will follow. Stay calm and don't stress.

Those whales want to rebuy at a low price, don't let them play their game.

I was expecting the same thing. Bitcoin should remain around 9k this coming weekend or it can leave another sour taste to the investors mouth. Bitcoin already saw the light last week but it dropped again this week. Hopefully, the decrease in price will be enough to entice our dearest investors. It might affect the price if a lot of investors will hold and buy some btc. Hopefully someone rich will play with the demand and it will affect its price.

I didn't expect to go down to 7k on this week, and I thought it would not happen, maybe the bitcoin on the end of the month would go up to 9k or maybe 10k so in the end of the year might 15k.

I don't think so. Not below 8000k should be.

Looking at the depth chart on GDAX, I don't think so. We will see 9000 back very soon (hopefully lol)

anything is possible, going up or going down. the certain thing in the chart is bitcoin will be going to the right :). for short term, i agree, it may be will reach 7k

It is impossible to happen. It might drop but it's gonna be near to its last value. Or just like 500$ drop or something like that. Bitcoin is starting to get back on track again as we can see it is $9k now aand maybe next month it will step to the $10k which is a good news to everyone that is waiting for this the whole time since the price dumping happened last year. I might say it is very fast as I thought it would be.

Altcoin market is so much volatile since the starting of this year. There are still chances that it can go below 7k depending on the circumstances of the market and news.

At the moment of making this post the price was at 8637 a decline from a position of over 9k ,most of the major coins are also observing declines in double digits. even though the bitcoin price has been trending down in the last couple of days bitcoin is known  to bounce back from bearish trends and really there is still no treason to think it will not this time .Just take this as an opportunity to buy some bitcoins if the price does infact drop to the 7k zone.

I don't think so.This is just a fluctuation after a constant raise and stable state.Now the current price of bitcoin is 8600$ and may be by tomorrow we can able to see 9000$ again.Many traders will use this fluctuation to inverse their money for the future.The price will not reduce to 7000$ again.

It's hard to predict. Maybe this is related to the upcoming New York conference. I hope there is not much FUD in the meeting.If it continues to drop drastically, my account will lose a lot of money, I hope not.

Then that would be great to buy more bitcoins. Price will fall from time to time, there's no doubt about it. But I usually don't believe those people who are trying to predict what would be the exact price of bitcoin, no matter what their basis are.

It is really difficult to predict how the market goes but i expected this crash because the resistance we had at $10 k was really high and the market was not going anywhere and so i expected a correction before crossing the $10k valuation and i am not sure how long it will take to cross those valuation but i am positive that the next push will take the value above $10k.

a difficult time for bitcoin, but we will survive. such already was, it is normal. in general, the industry is developing, so there is nothing to worry about

i think it’s not going to happen. it’s hard to accept but it may happen and bitcoin is just going rise back up. no matter what the price of bitcoin is, we will still be here. i will still be here.

Look at all that technical analysis to back up those assumptions.... Oh wait, there is none, this is just mindless opinion based on nothing.

Odds are that Bitcoin will either stabilize around the current price due to the SEC meeting that is looming, bad news means it will drop below $8,000, good news will likely see it rise back above $9,500.

Yes anything can happen in the market.Bitcoin's price is very volatile and so we do not know in which direction will the prices go.There was a drop in price of bitcoin from some time but now it is increasing slowly.It also depends on demand and supply forces,the amount of bitcoins people are holding back or selling.I think it will touch new heights in the coming future.Bitcoin is the most expensive cryptocurrency till date.Rise and fall go hand in hand.

bitcoin has very good support at 8000 dollars below 8 thousand dollars bitcoin won't drop as per bitcoinwisdom.com chart analysis we can say

Increase in bitcoin is very reasonable, this indicates the stability of bitcoin prices.
reducing bitcoin provides an opportunity for investors to invest.
I'm sure the price drop will not be long and will switch to $ 9K.

I don't agree. I think that bitcoin will not break the support level of 8500. This is a temporary little correction before the conference.

Even if it falls again to 7000, that will not be the end price of it till the year end. It will still rise and end in the year with $20,000 and over.

Bitcoin certainly can go down to 7,000 dollars, but only if this border will be before the next strong jump to its strong take-off of 15,000 dollars, I do not see any other reasons for such a decline after May 18 after a strong jump !!!

I think it could happen specially that it goes now to $8400 though I still don't want to see red market I guess I could still benefit by it if it actually manages to crash so much up to $7000 then I guess I could buy additional bitcoins to maximize the profit along with its recovery.

I do really think that the market went down simply because it was not able to break the resistance level and may be there is a sell off from Mt Gox i am not aware of it but they have moved a large amount of coins and may be that is reflected in the market.

We need more patience to this volatile price if bitcoin and hoping that bitcoin will not drop in 7k because it will be bloody again the market and many people will be disappointed again because of this situation.  As of now the best we can do is continue to buy bitcoin.

apparently you have been frustrated with this price decline, but you have already read the news about the probable reason why the price of bitcoin fell so we will keep calm and be patient because the price will always fall and rise depending on the good news or bad news., about if the price will rise to 9000 next week, I do not think it's possible to determine this... the price can also fall to less than $8000, $7000 or even $6000

yes this prediction is totaly possible in terms of technical. Even this happens bitcoin still be in uptrend. These are the last shake outs in the market. Bitcoin price will reach new ath later this year.

It is possible price of bitcoin will decline again nothing is possible in this market that unstable. I think price will grow up again to $9k. I am optimistic it can hit again once good news occur in crypto more users comes to bitcoin.

Last month the price of the bitcoin decreased at $7000 and this month of MAY the price already reached 10k dollars but today the price decreasing again and now $8400 is the price. We don't know until when again the price of the bitcoin decreased maybe this week or until next week but I hope as soon as possible the price of the bitcoin again will pump just need to be patient.

Let's see if you we are going to see $7K again. This week was very scary for us and the price keeps dropping significantly after almost getting into the $10K mark. There are news circulating that the Mt. Gox trustee started to transfers coins that's why the market just reacted negatively again on his actions. Right know the price is moving towards $8500 from as low as $8200 12 hours ago.

Very true it was Mt.Gox again here is the link https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/. They say that Mt.Gox has 140000 Bitcoin left at their disposal but i don't have the links to confirm if this is true because if this is true and they will sell the whole amount then Bitcoin for sure will go down to $4,000. I don't want to spread FUD but i just want to make fellows to be aware and should always monitor the market to avoid losses.

we have no strong evidence on this situation, what i mean there's no negative news to break bitcoin price or any causes than can make bitcoin price to decrease gradually , maybe a correction of price IMO which a temporary dump then after this it will continue to soar and surpass 10k.

I don't think bitcon will drop again to 7k zone because it is not something that will happen easily untill any negative thing occurs that make the traders panic sell. Without this bitcoin has gained lot of consensus nowadays.
 I believe that bitcoin will soon rise again and it will be in 10k zone.

Good thing that bitcoin didn't fall to 7k zone as we can see it's trying to recover the losses it got from this event. I'm not only hoping that bitcoin will grou back to $9,000 but I'm expecting more it.
It's all over the year, FUDs, bad news, expect it to come. Not everybody likes bitcoin and is an enthusiast of it. But wait until the consensus conference, I think we might get some good news about it. I thought after the G20 summit we'll finally recover but it isn't enough.

It really pisses me off because the price has dropped. I did not expect that. I was sure that the price has recovered and that either it remained stable or it increased. But it got me. The price really is unpredictable. And then you see experts wannabe saying that the price will reach $10k very soon. Anyway, I am still optimistic about it and I hope it will grow up again. I am still going to support it even if it continues to drop.

Yes, I also believe that Bitcoin will grow upto 9k zone. But i don't think that it is going to happen by the next week. I guess it might take 3-4 weels for that to happen.

I think there is some correction happening in Bitcoin and the current price may not go down beyond that it seems. You may saw the last 3 to 4 weeks price trend and it is slow and steady price rise, the standard price rise will not come down that much quick. We can expect the price rise from tomorrow and before this month end Bitcoin may reach $11000 is my prediction.

Bitcoin getting back to $9000 usd in next week seems not possible considering the price is trading now. I think by next week it will be around 7500 and it will take another 2 week ,probably first week of june before it gets back to $9000.

All I know, bitcoin price is not determined by chart or data, but bitcoin price will be more determined by cause.

There is a 'cause' factor of bitcoin rising and bitcoin going down, for traders who earn a profit in the red zone just play a little. But if there is some news that will determine the price of bitcoin up and down they will play with a large so it will more affect the volume.

We will look at bitcoin prices in the next week, focusing on fundamental factors as it will greatly affect price changes.

Market is taken ovet by bulls and they can drop price down to $7000-7500 easily, if so, hope BTC will show some resistance and won't go down too fast. I feel support at 6500-7000$ mark will be huge and after that rates will go up eventually

Absolutely unrelated. It's totally under control of a few whales, that's the bitter truth. It's proved whenever BTC tries to make a run up, somehow new FUD will appear. Damn sure if it wasn't for all the FUD BTC would be over $20k. Yes, most necessary improve our analytical skills. Hopefully pulls back soon.

if u check at Bitcoinwisdom.com u can check the website bitcoin got strong support at 8000 dollars to my knowledge it wont get down below that

The price manipulation by the whales is true, but this is no longer effective. These days the impact on the growth is caused by FUD and other factors such as the hard regulations, ban from various countries have lead to price drop and the same hasn't made the drop continue.

i think,  ??? your thinking is totally agree, it's already drop 8500$ which is natural, it's common trait of treading man. i would suggest my friend to do not panic, it will rise soon.

I think it will not drop again to $7k zone as price already went their. But, price has the strong support and volatile so we do not know what's the exact trend because all is possible. Hopefully bitcoin will entering the uptrend in a few days come.

but if not and it hit the $7k soon well of course a lot of people will be devastated again including me however I see that also as an opportunity to buy a cheap bitcoins , whatever happens it is good to me much better if it will hit 7k usd.

So far it didn't go down to $7,000 zone.
No need to panic, we are seeing still a healthy correction that will lead to help bitcoin reach $10,000 zone. We are done with these zones and it's about time to see great heights after the conference.

I think that's impossible, investor confidence in bitcoin has returned. they will not sell the bitcoin they have at a cheap price.

Not so much I believe. There's still a lot of mainstream news networks taking a poke at BTCBTCBTC and it being a 'bad' investment. It's gonna take its toll.

well, of course bitcoin could be in that zone. the price is currently so familiar with the current $ 7k price. but, for now, the price is steady at $ 8k, so I hope that the price will go up to $ 9k again.

Of course,, this is possible bitcoin can drop again 7k Or maybe less. There is nothing to be frustrated with it.

Theoretically yes it can drop to 7000 usd again, if therr wil be less and less transsctions going on, as of now a lot of people are still hodling bitcoins and hope that the price will rise again soon, but I think that they are forgetting one thing, that bitcoin is also a currency and just like electricity, there should be a movement, the release done by Mt. Gox, will give us another hope of accumulating more bitcoins, we should take advantage of this though the price seems to be high, the price will still be higher in the coming months or years, we should just not lrt bitcoin be stagnant, so that the value will rise even higher.

there are no strong evidence that it will go down constantly even there's a fluctuation because sometimes after fluctuation the value is gaining strength before it continue to climbing but it depends 'cause sometimes opposite happen.  But IMO on this circumstances it will not go down more which is in my view it will continue to climb again after this fluctuation because there's no negative issue /news that can cause bitcoin growth rate to collapse more on this circumstances.  

Bitcoin can really dropped to even 5000$ if it becomes less profitable there wouldn't be any option than traders keep selling it. Since other coins give good returns than bitcoins,it highly probable that it will be sold to buy other coins.

It is quite possible to happen but we can't exactly predict when. As we know that crypto markets today are in high volatility, fluctuation of price happen always and there will be only two possible results either up or down.

The market is highly volatile and it is completely speculative on development. So, each and every statement related to the cryptocurrency market gets impacted upon the growth. In this way we don't know when price drops and when the price pumping takes place. Everything happening around looks like a dream.

I think this week the price will grow up to 9K. But at the end of the month can drop to 7K. This is my projection. In the long term, we will probably see a bullish trend.

I think this will possible but now that we are in consensus there is a good thing there that is actually seen in some past historical charts that after that consensus the price of bitcoin soars up. This is a good sign of big news that can push the price still i am waiting for that to happen and hoping that it will no go beyond $7k.

It it won't happen in next two weeks, I think the negative trend will be briken and we can finally wait for green and growing second part of the year. I'm done with declinig rates and bad news

I think youre fooling us,you speculate about bitcoin will drop at $7,000 but in the end your hoping to grow $9,000 ,if you want growth then think positive,dont ever let negativity cross your mind because negative attracts negativity..

Im sure bitcoin will reach $10,000 by weekends lol.

I think no, bitcoin will never drop at $7k because the market is starting to recover so it's good to buy more bitcoin now and hold until december maybe we can see the highest peak of bitcoin.

yes, bitcoin may drop at least 7k zone but this is the lowest level for this correction. I am waiting another upward move here or at 7k

I do not see a move down to 6k as previous ones. There was a strong support at that point

Lol. Never say never :p same with bitcoin reaching another all time high this year, the posibility of dipping a lot lower is also there. I won't worry about that though since for every drop there seems to always be recovery so if drops to 7k, just learn to ride with the waves

This is only possible of demand of Bitcoin decreases as a result of which the market price falls. The market demand decreases due to negativity and the news that are common these days are negligible to count. The price may rise up and with more strength the price can jump and the low market will shift to high market. The price is stable around 9k dollar and this can reach in future. The possibilities of dropping the price again at 7k are very less.

This is possible, like its possible bitcoin to be 15,000$ in next few days. Everything is possible with bitcoin price, that is the reason behind fluctuations. I agree with part in the end of your comment, chances can be higher or lower, and that`s it. Thats why I claim from beginning that trading is like gambling, you always have to deal with chances, higher chances, lower odds are safer investments with low profit, opposite is less chances, higher risk higher profit.
I think bitcoin will not drop again on 7,000$, but when it comes to price of bitcoin I`m never sure in what will happen next.

I think no, bitcoin will never drop at $7k because the market is starting to recover so it's good to buy more bitcoin now and hold until december maybe we can see the highest peak of bitcoin.

I think your premonition came true today. Where it goes from here is anyone's guess....

It wasn't rocket science anyway, so it doesn't hold much value. After having failed to breach the $10,000 mark it was clear that there were only two possible options that could follow.

First option is that it will reload and attempt another breach some days later, where the second option is the disappointment of traders not booking the gains they were desperately hoping to book.

In both cases there is disappointment that the market has to go through, and exactly that disappointment forms a perfect tool for whales to push the market down in order to shake off weak hands.

As long as the bottom holds there is nothing to worry about. Whales won't break their own field.

Actually good to buy more and I am positive price next week can recover from this current rate. I don't think bitcoin will drop below $7k zone. So i am still positive were entering into recovering moment in any time.

Its getting there already today, but it could be possible of not taking so long at this range and it rise again in few days. And if you have money inside your pocket, you better to have some btc today cause it really gives you profit in few days coming.

For a few days the bear trend continues to happen is not impossible the price will touch $7k and in some markets it seems the price is under $8k right now. and if that's true happen I'll buy some in that price range. I'm sure once the price drops to the bottom line. then the price will soon rise and recover. so prepare yourself

Now bitcoin has penetrated the $7k zone I think it will take time for bitcoin to break into the $9k price as last month bitcoin in the $6k range, what we need now is good news that makes bitcoin back bullish again, too much bad news lately that makes falling bitcoin prices, I am quite depressed to see the current market because it felt tricked by the news in circulation.

The price failed to break the wall of $10k and it's going fall down a sign that we have strong resistance at that level. I'm hoping that this can't go lower than $7k and quickly recover to gain a good rally. Yeah this is again the best time to buy more bitcoin as the price is falling down.

7k is a pretty low support level already considering where we've been to but as they all say anything's possible. Last time i checked, we're back at 8k though it's really unstable there and we definitely can go lower again in the next few hours. But we've we've all been here before guys you all know what's coming after all these drops :p

We are actually on the 7k zone now, the market shakes again but i know this stage could be overcome also in the coming days. I always believe that bitcoin will ever survive in whatever negative fluctuations it passes thru, i trust before the year ends btc can recover and will go up again as evryone in the market expecting. We just have to stay optimistic on the issue.

Certainly it can be happen. For now support is 6600 USD. I think we can see it in the future days. But if we mesure it with past, at the end of year price will be huge.

Bitcoin price going down again so sad. I just hope now that bitcoin will not goes down in the range of 6k dollar. I have read a thread few days ago, it said that some coins will rise on the month of june. Well, i really hope so. One of those coin is bitcoin and ethereum. I haven't check the current bitcoin price and the market to see if bitcoin is already green or still red.

Well, luckly the price hold at $7k and now it's start go up a bit right now. I'm still not sure if the price will drop again to 7k zone but i'm afraid it will because of the negative trend right now. I hope the price of bitcoin can back to 10k again soon or at least stable at 9k could be good too.

It's already there. Bears are going really hard this time. But we should have in mind that each of next support levels will be much much harder to overcome. I bet next one around 6500-6600$ won't be broken

Bitcoin has dropped in the 7k zone as the market value few days ago was 8k dollar and sometimes 8.5k dollar up to 9k dollar but yesterday the price fell down at 7k zone and this is what the people were waiting for, in order to invest in such market where is the coin price is very low and all the factors benefit you even in the start. This investment is benefited in start and end.

Looks like we will explore 6k again :(

Bitcoin yesterday dropped at 7k dollar back and today it is 7.2k dollar with a little increase in price. This increase will may continue in the upcoming days so as to gain the highest possible speed, this increase in demand will speed up the market rate of Bitcoin. All we need is to invest in this low market now to collect large quantity of Bitcoins and to get benefit of it in the end as well.

Many people like the price increase and also many people prefer the price decrease. Back to 6k is not necessarily a bad thing, they will become richer after this period. You can sell now and buy more when it comes back to 6k ;D, of course you dare to venture out.

Not really cause it wont happen, bitcoin will be stable at 7000$ and that would be the bottom this year.  And for the new ath well we need another year to reach it.

No one can predict the price of bitcoin, it this will go bottom then it's a good time to buy but now the price is slowly getting better. Hoping for a good rally soon to push the price. Be patient and don't get panic.

This is an accurate statement, good investors will take advantage of every cycle of bitcoin up and down. We do not have experience so just hold, because the trend is always going up.

Price of the bitcoin last few days ago are near at $7000 and Im very happy right now because the price increasing again and the price is $7500 and This month is bitcoin continue increasing because they have a lot of investor again to bitcoin comeback . 15k dollars is possible price for this month.

If it reach 15k THIS MONTH, I'll definitively get a beer deliver to your door, wherever you are in the world!
I do not believe that will happen unfortunately... There is no fundamental reason to double the price of BTC so brutaly....

it drops $7,000 have you seen that?

And until now its $7,500 and your $9k prayer is too far from reality,we cant even getbhigh than $7,500 for almost a week now,hope there will be a savior to bring out the heat and starts running the engine of the prices

I think that's normal for bitcoin to drops its price right now, we are only at the second quarter of the year dude, there are much for us to wait on bitcoin by the end of this year, mark my words  8).

If it drops below it will start increasing more because without decreasing the original value it is impossible to reach the higher value in the market. So we have to wait for some more time in order to increase the bitcoin price.

Hopefully we do not end up getting close to the $6k zone. Although the market still looks like the bear still want to have some more hands in the market, but the truth is that no one can know anything for now looking at the behavior of the market for some days now.

I am optimistic in the long term though for the bulls, but in the short term, I am just watching to see how things will eventually turn up. Hopefully and just like you have said, we should at least see some green light before the end of the year, but that is a little bleak for now.

It has happened already and we are pretty much in the $7k zone with the market still making some attempt to go lower. No one knows how the whole market is going to end up turning out for now, but I guess we just have to see.

We have a little bit of support actually not around $6600 but around $6800 to $6900, following the trend line supporting us from the $5800 connected to the previous low around $6k and then hopefully getting to see a bounce from there again on that line now.

The price is already at $7k dollar but it was just fine since you can still invest today while the price is very low and earn a huge amount of profit when it reach $20k dollar or above before the year ends.

I don't think it will drop below $7k anymore. Too much buyers above the long term support line. It is still a good chance to enter right now. I am pretty sure we will see ~ $8.500 by end of June/July.

We're back in the 6k zone again. Starting to depress but hodl nevertheless...

It was fine if the price of cryptocurrencies in the market drops because it only means that you will be having the chance to invest a huge amount but it was normal for those big holder to feel pressure since there is no assurance on when they will be getting their profit.

It all depends on your position in the market. I managed to buy at ~$6800 just now and look forward to scoop up some more coins. It's going to be interesting today or tomorrow when it comes to the low of ~$6450 a few months ago. It only requires one dump to break that level and potentially trigger a test of the $6000 level. It will be extremely bullish if yet again proves that there is nothing that can break that level. Either way, this shows that you should always have fiat aside that you can use to buy the dips. Every lower buy means a lower overall buying price for your coins, which is what we all want, right?

The market is depending on the supply and demand of any coin it was listed on it so everything is possible as long as people will invest or trade their coins depending on the season.

I'm a miner, just a miner, providing software for miners. Therefore you could say that I am making just a little bit less money since my real cost is the power cost, not btc acquisition cost...