do you think bitcoin will go back to 6000? should i sell now?

[darkr]

That's pretty hard to tell because cryptocurrencies are unpredictable and things can happen anytime of the day due to its volatility of its value. For now, just enjoy the small pump of bitcoin and if you also buy during the dip, then that'll be a winner move.

Definitely, and we already know this kind of stuff and in reality we tend to react negatively if btc fall. We should never give up especially in times of sudden dip instead it is the time to buy some coin. This kind of behavior will really happen in first quarter of the year and everyone expected that btc will rise in the middle of the year.

Watching the events going on the cryptomarket, I have noticed that Bitcoin is constantly going up and down, but just a bit. Thus, I do not think that it will fall under 6K.

[1714775844]

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[icopir]

I do not think that bitcoin should go down to such a price, let it drop in prices, but after a while it gradually grows up

[Sukovsky]

To 6K? Give it a few weeks.

[Barbarian]

Before the Binance rumored hack, Bitcoin price charts were showing the bullish movement. Many of the traders went for Bitcoin longs. But because of the recent API manipulation, there was a rumor of Binance hack which by the volume is the biggest exchange. Thus, such a drop was expected. But since it was just a rumor, price should jump back and also there is a bullish sentiment in the market as well. I don't think price is going anytime soon back to $6k level.

The price went down once again because there is a great amount of bitcoins being sold in the market right now if there is a bigger supply and the demand is not growing then this means the price will go down in that is exactly what happened but it seems it has finally stopped and if this is true then we could go back to the previous prices.

[LegendOF45]

Anything can happen and if the bitcoin price will be $ 6000 then I will buy 2.5 btc, this is because I am very optimistic about the future of bitcoin as long as Japan and USA have legalized bitcoin.

[Cryptodaddy05]

Interesting post from the OP on Feb 3 when BTC was about $9K, three days before it did plunge to $6K - and then rebounding the next day to $8K, and going as high as $11.5K since then before being back where we started at $9K now. And it’s easy with hindsite to say that it would have begun great if the OP sold at $9K and bought back in at $6K three days later, but what I found was that I couldn’t get any orders in on BTC or ETH on my exchange here in Australia which I tried to do on Feb 6 - and I’ve been happy buying at the $8K mark. And I don’t think anyone really knows what will happen with the BTC price short or medium or long term, cause it depends on market sentiment and what news comes out and gets reported and of course on whether big holders of bitcoin like the Mt Gox received and whales dump onto the market or not - but I believe that in the longer term bitcoin will follow its long term growth line upwards sooner or later, and I’m not selling or trying to time the market too much.

[HatakeKakashi]

As of now the price of the bitcoin decrease at $9000 and I think it will increase again.  So don't worry because we will not see $6000 this month or next month.  But it's not 100 percent guaranteed to happen because they have possibility the price will decrease more and for sure if that happen you lose some of your capital.  I hope someday Bitcoin back again at $20,000 not $6000.

[qwertyup23]

As of now the price of the bitcoin decrease at $9000 and I think it will increase again.  So don't worry because we will not see $6000 this month or next month.  But it's not 100 percent guaranteed to happen because they have possibility the price will decrease more and for sure if that happen you lose some of your capital.  I hope someday Bitcoin back again at $20,000 not $6000.

Though it maybe inaccurate, but I see bitcoin redeeming its price maybe 2-3 months from now depending on the circumstances happening in the world. There are a lot of factors to consider on why prices are decreasing, such as:

• Country prohibitions and world-wide implementation of laws prejudicial to cryptocurrencies;
• Whales suddenly manipulating the prices via cashing-out most of their bitcoins;
• Large trading companies releasing statements that cause confusion and doubt to the public into investing into bitcoin; and
• Opinions of famous billionaires that are against bitcoin.

Those are some of the factors on why bitcoin prices are volatile. Regarding the question on whether you should sell your coins, it depends on your goal as an investor but personally you should never sell your bitcoins on a price where you initially invested it on.

[BUK2016]

It all depends on at in which you bought your bitcoin and you thinks that you have made reasonable profit then you can sell because there is a strong indication that the market will soon return to around $11,000, so holding is the only way to benefit more from your investment.

[bitbunnny]

Currently I don't see that option. It's not impossibe but at the moment market is not showing any signs that the price could go that low.
Actualy I think that some positive information like the recent from Germany could influence the price in good way and encourage it for go up, at least for a short term period.
My suggestion is not to sell.

[ultrloa]

The current situation could be a long debate to tell since there's so many bad instance comes on it and to many bad fuds splattered which could hurt the simple traders badly. And 6000$ could possibly got by bitcoin for this moment since the issue of huge drop off still not been eliminated by the minds of people and the volume keeps decreasing and this could lead to mass turn off.

[wuvdoll]

Watching the events going on the cryptomarket, I have noticed that Bitcoin is constantly going up and down, but just a bit. Thus, I do not think that it will fall under 6K.

No one can absolutely think anything. There is a possibility to it if bitcoin decides to form a double bottom, but the only thing I can tell people like the OP is that, if you are not sure of selling based on your own decision of trading, there is no need to sell. One may gamble it and go Scott free but there may not be next time. So far, bitcoin is showing that possibility but only time can definitely tell.

To 6K? Give it a few weeks.

Well, we do not even need few weeks, the market is already showing some signs of that already but the thing is we may just at any point in time expect anything at this stage. I am prepared for anything that is bound to happen and normally there is nothing to worry about even if it does. In fact, I would not mind because bitcoin forming a double bottom may actually cause some rally.

[STT]

To sell just because others are is the worst kind of planning I think, do not expect 'profits' this way.   Sometimes people are forced to sell because they borrowed so literally no thought can be expended its just a trigger then

Draw a line across every graph to discover how often price has met this point before.   The more times we matched this as a low or previous high then the greater significance of this price point.   weigh this vs current momentum and it can be enough to turn a shorter term bearish move back around.     To say longer lasting trends involves more but its a simple take

I expect 8000 is far more important then current news, overall BTC prospects improved recently.   Advertising by google as bearish news doesnt seem as important as the BTC fee dropping so much, etc

[LETme]

We don't know what will happen because it's too difficult to predict but if you want to contribute to the dump go ahead and sell your bitcoin. Now a days there are no passionate users but we cannot blame them because they think bitcoin is more on business more than great technology.

[OrangeII]

maybe for now bitcoin prices close to $ 6000 price, and do not rule out if the price of bitcoin can touch it. many people have sold their bitcoin at the moment, because of panic, or they plan to buy bitcoin at that price.

[DeathAngel]

I think we could see a return to the $6,xxx’s but it depends what your strategy is. If it’s short term gains then sell now & buy back in when/if we dump lower.

If you’re looking at long term bigger profits then simply HODL through this until we come out the other end.

[vince212]

Interesting post from the OP on Feb 3 when BTC was about $9K, three days before it did plunge to $6K - and then rebounding the next day to $8K, and going as high as $11.5K since then before being back where we started at $9K now. And it’s easy with hindsite to say that it would have begun great if the OP sold at $9K and bought back in at $6K three days later, but what I found was that I couldn’t get any orders in on BTC or ETH on my exchange here in Australia which I tried to do on Feb 6 - and I’ve been happy buying at the $8K mark. And I don’t think anyone really knows what will happen with the BTC price short or medium or long term, cause it depends on market sentiment and what news comes out and gets reported and of course on whether big holders of bitcoin like the Mt Gox received and whales dump onto the market or not - but I believe that in the longer term bitcoin will follow its long term growth line upwards sooner or later, and I’m not selling or trying to time the market too much.

hha exactly what happened. but not 6k i bought again at around 6300

[jayhawk1]

I do not think that bitcoin should go down to such a price, let it drop in prices, but after a while it gradually grows up

Let us stop thinking. If it does, the most important thing is to buy more. Bitcoin has shown that it can decide to do anything at any time as it please or as the whales pleases but the thing is for us to be patient as the market will definitely not go down forever and in cases like this, it is the fluctuation that the whales need to get the market to where they want it to for their own gain and driving it down hard will not let them absolutely achieve that.

[sana54210]

Anything can happen and if the bitcoin price will be $ 6000 then I will buy 2.5 btc, this is because I am very optimistic about the future of bitcoin as long as Japan and USA have legalized bitcoin.

Yeah, the future of bitcoin is great and with everything that is going on, investors that are smart already know what to do when the opportunity suffices.

Legalization on its own has really brought a lot of optimism into the market and right now, I am sure investors will be looking for a smart point to buy in for the long run as the market will recover, bounce back and start throwing out available resistances and that is what I expect.

[Alijiindahaus]

maybe for now bitcoin prices close to $ 6000 price, and do not rule out if the price of bitcoin can touch it. many people have sold their bitcoin at the moment, because of panic, or they plan to buy bitcoin at that price.

The fact is that if everyone is afraid and panic, the whole market will be piled up with Bitcoin coins. And this in turn will affect the price. I'm still in a low position and prices, But then it will be even lower. We should not collapse the market. Although this will be a good opportunity to buy cheap coins.