Bitcoin Forum

If bitcoin goes below the $6,000 price how much more will it drop? Everytime when there's a dip another dip will come.

Yes you are correct, if the current dip is $6k if it still drop it will fall to $3k. But in my own perception it won’t go further than $6k but there is a probability that anytime now it will go up and it will be unstoppable again just like the other year. Better be vigilant and try to buy more in this dip.

I hope it is the last dropping of bitcoin and after July we will see the growing. It very nervous to looking for this red market whole half of the year. Good luck to you, bitcoin!))

$6000 is a lot of people's expectations, so if and when the bitcoin fell below $6000, so is a horrible thing, so I think it's hard to guess at the bottom of the bitcoin, when the bitcoin fell below $6000, so there is no strong point. :-[

the price might drop down to 4k or 3k if will continue to drop. but i hope and i think it will not happen, i think there will be decrease on its price but it wont take too long. we are already at the mid part of the year and the trend of bitcoin price is increasing.

some crypto figures predict that the correction will end in the middle of this year, that means bitcoin will recover again.

so, before bitcoin falls deeper under $ 6000, I think the point of a drastic drop in bitcoin will end up at $ 6000.

Two main reasons that leads to ask this question: Either you look for the bitcoin to reach the deepest bootom to buy it, or you just own an amount of bitcoin and just afraid to loose more value. For the first reason, it is always time to buy bitcoin even when it hitted 17000$ or even more because this is always considered as a long term investement even sell it after few time (should make a good benefits in this case). For the second reason, i think any holder of bitcoin should be always ready to swap it into Fiat especially when he is using daily his funds or always use payements with it.

the real bottom price was somewhere between $9000 and $10000 which was also representing the real value of bitcoin based on its demand and growth. what you see here is the underpriced value in my opinion so you can not really predict the bottom of it. it may end up being what it is now or it may go a couple of dozen percentages lower.

Well, the market cap is falling fast and fresh capital is questionable at best.

If it falls below 6k$, we will probably have mass panic sells and could end up at 2-3k$.

It could go the other way, but i doubt it, there's now much momentum behind BTC right now, lots of people got burned when rushing in at 10k+.

I'd say we are going below 4k$ in a week or two.

i think it will never go below $6k. if it hit that price, i think it will hard to be rise back.
This time could be the dips of bitcoin price. If you want to buy it, it will be the good time to buy now at the low.

I think I will go beyond $6000 as it already on wave 5 of Elliot wave technical analysis and from look of thing investors have started accumulating it.

Yea we are continuously seeing the price dropping after first of this year. Before today we saw bitcoin fall down below 6000 $. And again touched 10000 $. And again back to 6k$. I think the price may drop at 5k$ then will pump again like before.