[2018-06-29] Bitcoin Price Risks Further Drop After Close Below $6K

[ruthbabe]

Bitcoin (BTC) could post new 2018 lows over the weekend, having found acceptance below key price support.

Despite signs of a possible corrective rally seen earlier yesterday, the leading cryptocurrency closed below $6,000 for the first time since November 12, signaling a downside break of a major support (February low).

While the bears had briefly pushed prices down to $5,755 (2018 low) last Sunday, a close below $6,000 had remained elusive. Now that prices sit below $6,000, the focus is back on the long-run bearish technical charts, which continue to call a move lower to $5,000.

At press time, BTC is changing hands at $5,904 on Bitfinex – down 3.4 percent on a 24-hour basis.

More... https://www.coindesk.com/bitcoin-faces-fresh-2018-lows-after-close-below-6000-support/

[Slow death]

this has become news on all bitcoin news channels, everyone wants to be the heroes of the day making predictions to gain fame, just watch this:

Despite signs of a possible corrective rally seen earlier yesterday

once again price the forecast has failed, always is so and these guys do not give up. is because of that, that last year a lot of people bought bitcoin with the price of $17000 because they were confident that 2018 was the year of bitcoin and that the price was guaranteed that would reach $25000, because analysts made such a price forecast and where Is $25000? today we only have $6000