BTC Moving towards 6000$

[AK47-]

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

With such a price action, Bitcoin might as well touch $5900 before making any recovery. Bears are back in control of the market. Unless the Bitcoin crosses the $6800 threshold which is the new resistance, market is expected to struggle in bear phase. Altcoins are likely to suffer along with Bitcoin. But if Bitcoin falls below $5900, we are going to see some serious damage to altcoin market. Because market runs on trust, but as people are shifting from being a hodler to speculators/short term traders, people are losing trust and this can be serious for the market if it didn't revert it move towards bull cycle.

[winterland]

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

Right now we are moving towards that direction, bitcoin is barely above it at 6015 dollars for each bitcoin and the price is down another 10% in the last 24 hours, I do not know if the price of bitcoin went even lower than that when I was not looking at the market, but one thing that seems it is going to happen is that the price sooner or later will go even lower than that.

[bitcad4u]

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

Actually the price reduce further more .There is almost 10% decrease in price in last 24 hours and still going down. May be the market will go up to 5500$ fall,then it will start to increase again.If you are free from depend of money.Hold your bitcoin.This price fluctuation cause negative effect to bitcoin.

[siagh357]

Traders are disregarding bitcoins for alternative currency that gives them much profit in a short time than bitcoins which seems to be favorite for only long term holders. I think if care is not taken bitcoins will go down to 5000 USD by July.

[Altero]

Traders are disregarding bitcoins for alternative currency that gives them much profit in a short time than bitcoins which seems to be favorite for only long term holders. I think if care is not taken bitcoins will go down to 5000 USD by July.

Of course,  bitcoin will grow more than we can see on altcoins but isn't get enough to let all our fund into bitcoin alone.  We also take chances of earning from investing potential alts either for short or long term. We know a lot of altcoins today  and it looks like some of them are sleeping dead that's why we should also be careful in buying alts. Not only the price we consider but also it market performance to determine the possibilities of gaining.

[Morgann]

The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.

There is no reason for every people to sell their coins today because it was dropping, i believe that there is a fud in other country that is spreading and it makes every people to decide on selling their coins and in return, the market is continuously dumping the coins.