BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

[lumeire]

where do these people get this stuff from?

"fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard
the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400!

It's mainstream media, it makes the read more dramatic hence more clicks I suppose. The article's got a point though, sub-$4k is pretty much reasonable at our current trend.

[puremage111]

$4,000 seems abit low for me
$5,000 is kinda strong support level imo

Cost of producing a Bitcoin is way more than that if we drop to that extend

[BrewMaster]

This news may share some investors out there. Many believes that the price will not get this low. Let’s see if the price really drops like this in future .

Well i've seen a lot saying the price will go around 3k so saying the bottom could be 4k is a little bit conservative. Too bad for the people who can't hold for a longer time. Be ready to see a more bloody market.

just because random people are saying random numbers as their "prediction" it doesn't mean it is a real "prediction". if i tell you 100 times every day with 100 different accounts that price is going to $100k will you believe it? then why are you believing the low price bullshit?

[BillyBobZorton]

where do these people get this stuff from?

"fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard
the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400!

Yeah it's nonsense. Just because it's stable at 6k now it mean's "exhausted" lol. It doesn't need to be constantly growing, it's just finding a bottom, $6k is looking good for a bottom, miners may not let it go below that after all, just look at the big green dildo candle we just had, there are BIG buys happening whenever we get $59xx again and we get propelled back up. If all these people in the sidelines don't hurry the fuck up then someone else will, and this can start a FOMO cycle, and don't let nobody tell you if it can or not reach ATH, nobody can know how high FOMO cycles in Bitcoin can get.