Bitcoin Price movement, what is the bottom? 6200 and 5800?

[finblockchain1]

Considering chart, moving average, RSI and volume ....... I think it may find that two bottoms.
What do you think?

[sunlitit654]

It's really hard to say what will happen. Fluctuation of price is a part of bitcoin and it's natural. Even if the price goes below 6000 we should not panic because it'll start increasing very soon.

[squatz1]

As Mark Hanna in the Wolf of Wall Street said, "Nobody knows if a stock is going to go up, down, sideways or in circles." I've said this time and time again, the price could go up, it could go down, OR it could stay the same -- not much going  on, but that's how it works.

That's the only three, anyone who says they know more then that is trying to get you to do something or is an idiot themselves if they believe themselves.

[bitfocus]

this is really hard to speculate as the market is behaving kinda abnormal, panic sellers are making it worse. So, no way to guess the bottom line, but Bitcoin just need a couple of months to recover and go on a steady growth.

[ankurguta87]

It could be even worse. India belong to top 10 crypto investors of the world and 2 days before India almost banned all crypto. They instructed banks to stop crypto purchase to many of the Indian investors are looking to withdraw their money in next 3 months as RBI has given them a time frame of 3 month.
It will surely impact bitcoin price. In my opinion atleast next  2 month bitcoin  keep down gradually coz In India ppl have invest majorly in Bitcoin only.

Another thing is Gainbitcoin/Mcap/Amit bharadwaj Scam. Recently Rs 2000 crore scam executed by this guys due to this their is a negative impact on crypto market in India. Ppl are not putting their money even if they want in future RBI is not allowing them to do so.

So its like crypto party is over in India.

[Lintel]

It's really hard to say what will happen. Fluctuation of price is a part of bitcoin and it's natural. Even if the price goes below 6000 we should not panic because it'll start increasing very soon.

I have the same point and opinion with you. I don't really need to know what is the bottom but even if it is below 5k usd in which I don't think it will go that down, we should still continue ro support bitcoin and keep hodling it because I do believe it will soon pump again.

[SUDARMONO]

I always think of the bottom price, because I want to take the opportunity to buy the lowest price and from that price I will gain more profit from rising bitcoin prices.

[Maveth13]

We've been seeing a lot ±10% fluctuations recently, so 6200 is definitely possible from the current price considering it reached 6500 already. It's actually impressive how it seem to find support at 6000 with this current market.

[mrtryonebiggums]

I thought it was always $6100 and felt quite confident we wouldn't dip below that and if we did it would be brief. Clearly that line has not been crossed and it provides great support as of now.

[HabBear]

Considering chart, moving average, RSI and volume ....... I think it may find that two bottoms.
What do you think?

To find the next levels of support look at the price chart (daily is fine) and start at the most recent date and work your way backwards in time. When you find a dip that's below the current price level, that's your next level of support. If the price breaks through below that price you need to go back further to find the next lowest valley of support.

Reading the charts is pretty easy using this model.

I thought it was always $6100 and felt quite confident we wouldn't dip below that and if we did it would be brief. Clearly that line has not been crossed and it provides great support as of now.

Hahaha, the only price you can be confident we won't dip below is ZERO.

[Casinoextreme]

I thought it was always $6100 and felt quite confident we wouldn't dip below that and if we did it would be brief. Clearly that line has not been crossed and it provides great support as of now.

Hahaha, the only price you can be confident we won't dip below is ZERO.
[/quote]
Totally agree with this. I have the bottom around here too. Until we reach that point im waiting to buy.

[badakjawa]

I always think of the bottom price, because I want to take the opportunity to buy the lowest price and from that price I will gain more profit from rising bitcoin prices.

I agree with you, but I see that will not happen, bitcoin in this year has already reached the lowest value at $ 6700, and will not come down again.

some people including me bought some BTC. because I am sure BTC will pump in early May.

[Aderiho Bitjones]

Now bitcoin is experiencing a big crisis, related to the price drop. But do not forget that such failures are always temporary. Always bitcoin stood at its previous level and even set new records of the price. I do not think that now something has changed. Bitcoin and other crypto-currencies are not the day, but this is a matter of time. In the future everything will change