Bitcoin lower than $6000? Is it possible?

[Wilhelm]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

I think not support will be around 6000-6500 usd mark. As of today, all of the token seems to be going up and green candles are showing up. $7400 is not bad after a slump down to $6000, by the end the month I expect it to see nearing 10k again.

+1

[Rhaiyah]

Nothing is impossible, bitcoin will continue to fall, may also be restored in March, but I know this is a good time to buy.

I think so, nothing is impossible in crypto world, but for sure it will rise again and return to a high price. That's right crypto world is in the red zone and this is the best time to buy bitcoin and other altcoins.

[heartrodriguez28]

Even though Bitcoin is now at $8,000++, I think that it can still pierce below $6,000 especially if the rally will not be sustained by buyers.

[jossiel]

Even though Bitcoin is now at $8,000++, I think that it can still pierce below $6,000 especially if the rally will not be sustained by buyers.

Those people who haven't bought at $6,000 will wish the same thing as you said. But it's enough and what's done is done and I don't think it will go below $6,000 again.

I'm not that confident but when it comes to bitcoin pricing that is something that can't be seen for now. Bitcoin has been moving positively with the charts again together with altcoins.

Whales are buying now and Chinese traders are also buying now to show prosperity with their portfolio's with the upcoming new year.

[Thadeous]

What we can see now on the market is definitely a correction, with BTC on $8100.
And I think this correction will end with another positive trend right to 9000$.  

[abayan]

I think it is really possible that bitcoin price will go down as low as 6000 USD.
Well nothing to worry about because I believe that it is only a chance for some to buy and buy as much as they afford. It is a discount chance and I, myself is taking the opportunity for this also!

[Mrjitter]

There is such a possibility bitcoin is now experiencing very strong fluctuations in the price so I think it's difficult to predict how everything will turn out

[bummm]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

I know a guy, who uses even Tarot cards to learn the future price of Bitcoin. It does not help much, but he is going to do it again and again. Hopefully BTC will not fall so low, but no one can be sure of it.

[trickyriky]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

Everything is possible on the market of crypto, but I think this time ( in the nearest several months) Bitcoin will not reach this bottom. The dip is behind already.

[severaldetails]

I do not see a real reason why the price should not be capable to drop below 6k. Two days ago we were already very close to that number. I suppose a few bad articles more in the media and we would have crossed that line. Luckily the support at 6K was stable this time. But this does not mean that next time it will be the same.

[alyssa85]

Wall Street is starting to claim that bitcoin and stocks are correlated:

https://www.cnbc.com/2018/02/07/wells-fargo-strategist-bitcoin-and-the-market-are-correlated.html

If the bitcoin bubble bursts, the stock market may go down along with it, said Christopher Harvey, head of equity strategy at Wells Fargo, who sees a correlation between the two.

"On Monday what we saw is all risk products sell off," Harvey said Wednesday on CNBC's "Fast Money."

A hit on the market, he said, can cause investors to panic and begin selling bitcoin as well.

"It sometimes adds fuel to the fire," Harvey said.

 

I hope he is wrong about the correlation, because stocks are due for a big crash and I don't want bitcoin blamed for it!

[Agamemnus]

Stocks crashes so bitcoin will crash again?

[zimmah]

it is rather good news, for people who monitor the cryptocurrency market during several years. We all have got already used to year ending with awesome growth and in January, the period of holidays will bring us a usual correction. My advice for December 2018 is to convert all in fiat currency and restart at the beginning  of winter.

[Apened]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

Yes my dear it is possible any price in bitcoins is possible since we don't know how much whales and other crypto related groups wants to happen in price. Many speculation that says it will go more below on it and im only waiting for it. We are a long way before a bull run.

[Katran]

It's a pyramid scheme - you can't get rich by pooling your resources together and dividing them among you, idiots. Hahaha..........Sheep

My brother said I was an idiot buying at $8. Think about it......

Well it is not that high lose because it is increasing more with time. In few months you will see a great increase in price of bitcoin so then you will think that you were so lucky to buy bitcoin at 8k because at that time price of bitcoin will be more than this. It is still great opportunity for people to buy bitcoin at this price and hold as it is expected to increase the price at very high level again so in short you are lucky you bough bitcoin.

[ivrynx]

Theoretically it is, being that the nature of bitcoin is highly volatile, but come to think of it, this is just a part of bitcoin's value getting a correction, if we can still remember, way back in december, there were people who are not investors that came in to play, they have bought bitcoin at a higher price, and those who had bought if at lower price will normally just take profit, leaving the weak hands behind, thus a drop in the price of bitcoin, and now we are clearly seeing the correction in the market, and that's the reason why the price is not going up by 50% or going down by 50%.

[Kevin77]

I hope the bitcoin will turrun until the price of $ 4000
because if that happens, I'll buy as much as I can, divert all my assets to buy bitcoin.
and I will hold it, no matter about negative news
because I'm sure in a few months time, bitcoin will return to its normal price
and it will give me many advantages

There are many hopes for this that bitcoin will be lower than $6k. If in case it will reach below $6k for sure many of us will buy bitcoin as much as we can. Possibilities is their, let's see for the mean time if price will dropped lower $6k.

yeah a lot of people hopes the price could come down cheaper, but who knew that a price of $6k is the lowest bitcoin price? and they are waiting for $5k. It is possible that bitcoin price will never fell lower again, because the support are strong enough. I've bought it when $6k and hope soon to recover over $10k and never down under $5k

Well, is there any need hoping at this stage? As whatever will happen will happen? The thing is that we cannot all say exactly what may end up happening with bitcoin, but we can at least be sure of one thing the chart is telling us. Right now, the bears look worn out, we having some pretty good volume, the 4h chart’s forming a head and shoulder pattern, all we just need now is a break out and it would be like a bull explosion. Experiencing $5000 to me now does not look like something possible.

Obviously, nothing is impossible. Even if we hope for something now, anything can change. The market has experienced some bad periods and obviously everyone is looking to see what happens next as no one can actually predict that right now. Hopefully, the downtrend is over, and if it is not, we just have to wait it out, but for now, no one can say if it will be lower than $6k or if this is the end of correction.

[Proximity Scan]

Theoretically it is, being that the nature of bitcoin is highly volatile, but come to think of it, this is just a part of bitcoin's value getting a correction, if we can still remember, way back in december, there were people who are not investors that came in to play, they have bought bitcoin at a higher price, and those who had bought if at lower price will normally just take profit, leaving the weak hands behind, thus a drop in the price of bitcoin, and now we are clearly seeing the correction in the market, and that's the reason why the price is not going up by 50% or going down by 50%.

This happened last week and none of the people were surprised because of this. Bitcoin markets are so volatile and any price is highly possible in the markets. We can't avoid this.

[semarmesem195]

Actually i forgot the price of the month, because i was so excited when in December the price rose to 2x. Who is not happy with the price and is definitely forgetting the low prices that occurred in the past months. But the dilemma again occurs in early 2018 until now, we all certainly hope that it will be repeated again as of 2017.

[gabmen]

Theoretically it is, being that the nature of bitcoin is highly volatile, but come to think of it, this is just a part of bitcoin's value getting a correction, if we can still remember, way back in december, there were people who are not investors that came in to play, they have bought bitcoin at a higher price, and those who had bought if at lower price will normally just take profit, leaving the weak hands behind, thus a drop in the price of bitcoin, and now we are clearly seeing the correction in the market, and that's the reason why the price is not going up by 50% or going down by 50%.

This happened last week and none of the people were surprised because of this. Bitcoin markets are so volatile and any price is highly possible in the markets. We can't avoid this.

Well we can't say that no one was surprised. That was quite a big drop from 20k ath but none the less, those who knew what they were doing and what they've gotten themselves into most likely didn't panic. A lot.of people loat loney during that correction basically because they didn't have enough information about what they're doing