Bitcoin can drop again 7K zone.

[Aikidoka]

It really pisses me off because the price has dropped. I did not expect that. I was sure that the price has recovered and that either it remained stable or it increased. But it got me. The price really is unpredictable. And then you see experts wannabe saying that the price will reach $10k very soon. Anyway, I am still optimistic about it and I hope it will grow up again. I am still going to support it even if it continues to drop.

[sainaselalisa]

Yes, I also believe that Bitcoin will grow upto 9k zone. But i don't think that it is going to happen by the next week. I guess it might take 3-4 weels for that to happen.

[xuv500]

I think there is some correction happening in Bitcoin and the current price may not go down beyond that it seems. You may saw the last 3 to 4 weeks price trend and it is slow and steady price rise, the standard price rise will not come down that much quick. We can expect the price rise from tomorrow and before this month end Bitcoin may reach $11000 is my prediction.

[godfredmanu]

Bitcoin getting back to $9000 usd in next week seems not possible considering the price is trading now. I think by next week it will be around 7500 and it will take another 2 week ,probably first week of june before it gets back to $9000.

[EdenHazard]

All I know, bitcoin price is not determined by chart or data, but bitcoin price will be more determined by cause.

There is a 'cause' factor of bitcoin rising and bitcoin going down, for traders who earn a profit in the red zone just play a little. But if there is some news that will determine the price of bitcoin up and down they will play with a large so it will more affect the volume.

We will look at bitcoin prices in the next week, focusing on fundamental factors as it will greatly affect price changes.

[Pritt]

Market is taken ovet by bulls and they can drop price down to $7000-7500 easily, if so, hope BTC will show some resistance and won't go down too fast. I feel support at 6500-7000$ mark will be huge and after that rates will go up eventually

[ibuddy122505]

All I know, bitcoin price is not determined by chart or data, but bitcoin price will be more determined by cause.

There is a 'cause' factor of bitcoin rising and bitcoin going down, for traders who earn a profit in the red zone just play a little. But if there is some news that will determine the price of bitcoin up and down they will play with a large so it will more affect the volume.

We will look at bitcoin prices in the next week, focusing on fundamental factors as it will greatly affect price changes.

Absolutely unrelated. It's totally under control of a few whales, that's the bitter truth. It's proved whenever BTC tries to make a run up, somehow new FUD will appear. Damn sure if it wasn't for all the FUD BTC would be over $20k. Yes, most necessary improve our analytical skills. Hopefully pulls back soon.

[cryptocurrencyguru]

if u check at Bitcoinwisdom.com u can check the website bitcoin got strong support at 8000 dollars to my knowledge it wont get down below that

[slackcryptoz]

All I know, bitcoin price is not determined by chart or data, but bitcoin price will be more determined by cause.

There is a 'cause' factor of bitcoin rising and bitcoin going down, for traders who earn a profit in the red zone just play a little. But if there is some news that will determine the price of bitcoin up and down they will play with a large so it will more affect the volume.

We will look at bitcoin prices in the next week, focusing on fundamental factors as it will greatly affect price changes.

Absolutely unrelated. It's totally under control of a few whales, that's the bitter truth. It's proved whenever BTC tries to make a run up, somehow new FUD will appear. Damn sure if it wasn't for all the FUD BTC would be over $20k. Yes, most necessary improve our analytical skills. Hopefully pulls back soon.

The price manipulation by the whales is true, but this is no longer effective. These days the impact on the growth is caused by FUD and other factors such as the hard regulations, ban from various countries have lead to price drop and the same hasn't made the drop continue.

[goldminecrypto]

i think,   your thinking is totally agree, it's already drop 8500$ which is natural, it's common trait of treading man. i would suggest my friend to do not panic, it will rise soon.

[mace15]

if u check at Bitcoinwisdom.com u can check the website bitcoin got strong support at 8000 dollars to my knowledge it wont get down below that

I think it will not drop again to $7k zone as price already went their. But, price has the strong support and volatile so we do not know what's the exact trend because all is possible. Hopefully bitcoin will entering the uptrend in a few days come.

[loreykyutt05]

if u check at Bitcoinwisdom.com u can check the website bitcoin got strong support at 8000 dollars to my knowledge it wont get down below that

I think it will not drop again to $7k zone as price already went their. But, price has the strong support and volatile so we do not know what's the exact trend because all is possible. Hopefully bitcoin will entering the uptrend in a few days come.

but if not and it hit the $7k soon well of course a lot of people will be devastated again including me however I see that also as an opportunity to buy a cheap bitcoins , whatever happens it is good to me much better if it will hit 7k usd.

[bhadz]

So far it didn't go down to $7,000 zone.

i think,  your thinking is totally agree, it's already drop 8500$ which is natural, it's common trait of treading man. i would suggest my friend to do not panic, it will rise soon.

No need to panic, we are seeing still a healthy correction that will lead to help bitcoin reach $10,000 zone. We are done with these zones and it's about time to see great heights after the conference.

[bengsabeng]

I think that's impossible, investor confidence in bitcoin has returned. they will not sell the bitcoin they have at a cheap price.

[lumeire]

I think that's impossible, investor confidence in bitcoin has returned. they will not sell the bitcoin they have at a cheap price.

Not so much I believe. There's still a lot of mainstream news networks taking a poke at BTCBTCBTC and it being a 'bad' investment. It's gonna take its toll.

[Dr.Osh]

well, of course bitcoin could be in that zone. the price is currently so familiar with the current $ 7k price. but, for now, the price is steady at $ 8k, so I hope that the price will go up to $ 9k again.

[Saddam Bin Delowar]

Of course,, this is possible bitcoin can drop again 7k Or maybe less. There is nothing to be frustrated with it.

[ivrynx]

Theoretically yes it can drop to 7000 usd again, if therr wil be less and less transsctions going on, as of now a lot of people are still hodling bitcoins and hope that the price will rise again soon, but I think that they are forgetting one thing, that bitcoin is also a currency and just like electricity, there should be a movement, the release done by Mt. Gox, will give us another hope of accumulating more bitcoins, we should take advantage of this though the price seems to be high, the price will still be higher in the coming months or years, we should just not lrt bitcoin be stagnant, so that the value will rise even higher.

[Ararbermas]

Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?

there are no strong evidence that it will go down constantly even there's a fluctuation because sometimes after fluctuation the value is gaining strength before it continue to climbing but it depends 'cause sometimes opposite happen.  But IMO on this circumstances it will not go down more which is in my view it will continue to climb again after this fluctuation because there's no negative issue /news that can cause bitcoin growth rate to collapse more on this circumstances.  

[brightamo]

Bitcoin can really dropped to even 5000$ if it becomes less profitable there wouldn't be any option than traders keep selling it. Since other coins give good returns than bitcoins,it highly probable that it will be sold to buy other coins.