Will BTC return to 6K???

[wildflower18]

Yes it can be possible, but my prediction is hard go down until to $6k. Because I see now Bitcoin a little bit stable. In this year bitcoin can increase fast more than last year. Many new investors came to invest in Bitcoin.

Just observe the market now it may not return to $6k. I can see it will in uptrend moves yes it is hard to return to that price. I am into favorable bitcoin would go higher this year.

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[faaty]

I think we passed the worst. 6k was the dip for bitcoin, it recovered very fast at that price level and did not test any closer soon. If you look at the increasing trend channel you will see that bitcoin also broke through that channel and 9k is the new support zone. So BTC will not return to 6k any time soon

[Lampaster]

I'm not afraid of that price drop. We've been through a lot of dumps. I believe that bitcoin's life will be long and that's why we will survive a lot of dumps. You need to be able to remain calm and not to panic. I treat the dump as an opportunity to buy coins at a low price. Bitcoin as a Phoenix bird is always reborn.

[Apraksin]

I fully believe we will se the price fall to between 3-4 K before the next growth cycle begins.

[KwizatzHaderach]

Will wish it for it to go down to 5K so I can buy more. With Lightning Network being tested on the mainnet, Bitcoin will return to what it was intended to be, a secure means of exchange instead of being an asset.

[Slark]

Will wish it for it to go down to 5K so I can buy more. With Lightning Network being tested on the mainnet, Bitcoin will return to what it was intended to be, a secure means of exchange instead of being an asset.

Are you sure that people will suddenly use it as payment method just because it will be faster and cheaper?
I don't think that lighting network will change the base bitcoin properties and price evolution/expectation.
Bitcoin will still be more expensive in the future and because of that people would be still hoarding BTC.
Nothing will change except the fact that Lightning Network will boost BTC price even higher.

[richardsNY]

Are you sure that people will suddenly use it as payment method just because it will be faster and cheaper?
I don't think that lighting network will change the base bitcoin properties and price evolution/expectation.
Bitcoin will still be more expensive in the future and because of that people would be still hoarding BTC.
Nothing will change except the fact that Lightning Network will boost BTC price even higher.

Don't underestimate the potential of off-chain scaling solutions, and especially so when it comes to LN. It will more than ever stimulate people to pay for goods, and also stimulate actual usage on every level of the economy. I strongly believe that third world countries will account for the major part of the actual LN usage. I however definitely get your point as well, because regardless of how fast and cheap transactions will be, a certain part of this market will always keep hoarding instead of actually using Bitcoin, which at the end of the day isn't a problem at all. People are free to use Bitcoin in the way they think it suits them the best. Bitcoin represents freedom -- people aren't forced to use Bitcoin in a way that isn't beneficial for them personally.

[Gotomoon]

I fully believe we will se the price fall to between 3-4 K before the next growth cycle begins.

All is possible in bitcoin market, but for now I can see it will not return to $6k. Maybe it will drops if that happen that's our opportunity to buy bitcoin. I dont think 3-4k, whatever happen this time with bitcoin price I dont have to panic.

[Thirdspace]

after about a week holding its position above $11k level, finally it fell below $11k again
if history repeats itself, it may drop back to $9k all over again
and there is always a possibility dropping to $6k which was the price level it begins to increase drastically last year

[lablab03]

There's always a chance that bitcoin will fall back to that value which if there's another manipulation in the market from the whales or there's another banning issue from other country 'cause that is the common reason why the price always drop after the ATH.  and in my view there's a tend that it will happen again in the future due to some FUD also.

[terrific]

after about a week holding its position above $11k level, finally it fell below $11k again

That's sad for holders again and we have to wait again and we have to put another level of patience again before selling.

if history repeats itself, it may drop back to $9k all over again
and there is always a possibility dropping to $6k which was the price level it begins to increase drastically last year

Possibility of hitting $9k is bigger and its a better price rather than seeing it again @ $6k. But let's see where this will go.

[Qwantoom]

The pressure continues on digital currency!!! What do you think about the future of BTC

Don't be so pessimist. Bear market is over and we are just charging for another bull run.

[JustBetweenUs]

According to who the bear market is over. Some technical analysis prophet? I don't see this happening for a good while until we see some real major positive events, i.e. Lightning release or green Lights from SEC.