how low can it go

[batang_bitcoin]

OP asked during $7,400 so it's now a good answer to see the price of bitcoin now I guess.

That can be the assumed bottom for this month but still we can't celebrate too early. The price now marks at $7,600 and it's still fluctuating down to $7,500.

[BitHodler]

I think it is starting to bottom out and we could soon see the recovery in full affect soon.

We have already bottomed out earlier this year. It's just that the market is waiting for an impulse to start moving up again in a sustainable manner. I have no problems waiting a few more months for that impulse.

All the increases we will experience without anything backing it up will undo themselves naturally, just like how we went up and down close to that much wanted $10,000 mark several times now.

And what do you consider to be a recovery in full effect? Back to last year's all time high? If so, I highly doubt we'll see these levels this year if the market stays as it is, but who am I? This market trashes everyone's predictions.

We should focus less on that all time high, but more on maintaining ANY level above the $10,000 mark. I think that alone would already be a massive accomplishment. 5 figure levels are very important psychologically.

[zakariajaki]

in my opinion simple, bitcoin has decreased the price means it is time to buy it, and when it is time to be monitored observed deeper and wider why it happened, why bitcoin decreased in price, I think the fall in bitcoin prices greatly affect the interest of the general public to the world of crypto because the mother's bitcoin from altcoin and purchasing power until the price is soaring and studying the crypto can be said 70% because of the bitcoin, but the price of bitcoin does not become an effect because the investors use medium and long term to invest, while the second reason is bitcoin price down is definitely the price of altcoin and tokens will increase, with the altcoin or other tokens can live with the project project, precisely in the presence of bitcoin the price down to make and live altcoin others, may be useful and successful for all of us

[member1]

Why you want it to rise exactly next month? If it rises to 10k, will you cash you investments out? I'm sure not.
Kust be patient, unfortunately BTC is not yet ready to show it's potential

[wuvdoll]

I know why bitcoin prices are lower now because of the miners and investors who hold lots of bitcoins and sell them at high prices so decreased bitcoin value, and it is expected to return to the top some months are sure.

Months, years, days, no one knows anything asides the whales and the major stakeholders so I say though since it pretty much looks like they are the ones calling the shots anyway. However, no one knows how low or high at market can ever go in the long run, but one sure thing we all know is that at a point, the recovery will set in and we will get to start thinking of how high it will go. So far, there is still a possibility that the market can go lower than even $7000.

The little recovery we are seeing does not have anything to do with the long term perspective as it is normal to see those recoveries once in a while. It is important to always know that there is no way any of us can know how low, but the possibility is still very huge to go down lower if we end up breaking the major supports that we may expect to bounce from. We just have to wait and see how things would end up playing out anyway.

[HaroldFinch]

I look at the current stagnation as at one of the longest in history of BTC. The bears are active, but dropping prices too low, is risky, because you need to compromise BTC itself, so it can spoil reputation and won't let BTC rise then, like they plan to do. So in current situation, I can't think of price going below 6500$, no one needs it, and it can be made only artificially

[J Gambler]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

I can go further more coz im using bitcoin wallet that are nased in my country that it can coztumize your withdrawal or sending funds its really hard to use it because our government know already about bitcoin and they want to control it, as i can see there still a chance that bitcoin can be increase when the right times come always see the prediction of those professional who always risking big just to increase and also those company business that are involed with bitcoin industry.

[valentine401]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Bitcoins price can decrease even on below $7,400 dollars but then still you can look at it as a good sing because market is giving every investor in the market to invest even more since the price is becoming cheaper.

[zakariajaki]

my view is related to bitcoin price around 7000-10000 it is not a big problem for me personally, but for trading transaction it will be a big problem, but that should be studied and studied deeply not on price but why bitcoin price down, my view and my observation in concluding that in view of the emergence of new altcoin so that some investors have to leave bitcoin and make or invest in new altcoin with the project being worked on, other conclusions regulation and recognition of the world government also related to crypto also bitcoin at the top position, the influence of regulation of validity the country in the crypto world will make many investors more secure and comfortable, this year is the year where crypto is in an effort to gain world recognition, remain calm and successful for all of us

[blitz18]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Bitcoins price can decrease even on below $7,400 dollars but then still you can look at it as a good sing because market is giving every investor in the market to invest even more since the price is becoming cheaper.

Even price declining we dont know yet how low price can go. When price becoming cheaper our chance to buy some and hold till such time were earning. Price is unpredictable ever since so do not lose hope.

[cutikanzilong]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

I think at the end of this price of Bitcoin and Altcoin in trade in the world of cryptocurrency is very disappointed. But I'm sure that we experience this is only temporary because maybe in June will experience a positive trend

[tabas]

I think at the end of this price of Bitcoin and Altcoin in trade in the world of cryptocurrency is very disappointed.

Don't be disappointed and discouraged with the ending price of bitcoin. That's not going to last for long, there's more years to go so if you are all in for this, you better be patient.

But I'm sure that we experience this is only temporary because maybe in June will experience a positive trend

Yeah right! and the lowest has been reached already I guess at $6,000.

[yvesp110]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

It is impossible to tell how low it can go, but it did not go down below $7k and if it breaches that support level then it can go down to five thousands too, right now the market is recovering and this will be the trend for some time until there is big investments coming in.

The bear market is continuing and has been going since 5 months and now days we are observing positive signs in the market which may change the bear market into a bull market where the price of our coins is high. The low market will not stay for long time more as we know that it is a long term investment so wait till the price jumps again and leads us to a high market.

[bitcad4u]

This is actually fluctuation occur in cryptocurrency.Because no fake or false news is came.Who know the price of bitcoin will reach 9000$ by tomorrow.This is unique features of bitcoin against cryptocurrency and altcoin.Finally,bitcoin fluctuation is temporary one  .

[Kevondo]

Well if you listen to John McAfee then by June's end we should be above 15k. I am not the optimistic although I think we will have a successful month and I myself have a target of above 10k by month's end.

We cannot really say how low it can go so whatever others predictions it cannot guaranteed of how much price bitcoin can go. We can guess this month of june the starts of btc price to move to increase. So hopefully this month could surpass the $10k level or if not we have to be patient for the increase of price.

We do not know about the timing of market related to the price but can estimate the value of Bitcoin which is called the average rates of different market factors. As long as the demand of Bitcoin is going low then the coin’s price will also going low. We have seen many ups and downs in the market and have seen its recovery conversely and this time same will happen.

[goaldigger]

$7K is still its margin and it doesnt lower anymore than that. Also it doesnt increase at its best at 9K withing the following months. I think the price would still be ranging in that way until this month if the value wouldnt be seeing any improvements.

[Clemcout]

This is actually fluctuation occur in cryptocurrency.Because no fake or false news is came.Who know the price of bitcoin will reach 9000$ by tomorrow.This is unique features of bitcoin against cryptocurrency and altcoin.Finally,bitcoin fluctuation is temporary one  .

Now the price is normal and the growth and corrections are according to investment cap. I do not expect any big pump and dump in the price in the near future. This is good for new investors. I do not need any unnatural jumps like the one in the previous year. if bitcoin increases gradually but regularly more and more people will invest their money in it.

[el kaka22]

Well if you listen to John McAfee then by June's end we should be above 15k. I am not the optimistic although I think we will have a successful month and I myself have a target of above 10k by month's end.

We cannot really say how low it can go so whatever others predictions it cannot guaranteed of how much price bitcoin can go. We can guess this month of june the starts of btc price to move to increase. So hopefully this month could surpass the $10k level or if not we have to be patient for the increase of price.

No one absolutely can. We have seen the tendency for more falls and there is actually the possibility but even if we are to go low that much though, I would not assume to see anything lower than $6200 as that formed some pretty huge support around last year with a very good volume. Nevertheless, we all know that this is a market where nothing is predictable and the only best way to play with the market is to always follow the trend and see where it leads. Assuming a lower level well in advance may help but no one can come up with exact levels hence approximation and buying around those levels may help any one who are looking to re-enter the market.

[Tungsten-1]

Why you want it to rise exactly next month? If it rises to 10k, will you cash you investments out? I'm sure not.
Kust be patient, unfortunately BTC is not yet ready to show it's potential

The market has been remaining stable below 10k dollar and yesterday the market shows the lowest value of this year and still the market is below 10k dollar and improved a little today as the value increased from 6.2k dollar to 6.5k dollar. So we can not say how long the market can stay below 10k dollar as the market expectations are high and we are not getting the response this time so it is in pending now.

[PizzaBTC]

OP asked during $7,400 so it's now a good answer to see the price of bitcoin now I guess.

That can be the assumed bottom for this month but still we can't celebrate too early. The price now marks at $7,600 and it's still fluctuating down to $7,500.

Yeah, we really do not have much to celebrate yet and I will only celebrate even a little if we break out from the upper line formed by the wedge pattern around $8600 - $8800 as that would show we still have the chance to go test the $10k mark and possibly we may break it or not. Nothing is guaranteed yet, the market is still filled up with fear and uncertainty when taking a look at the charts, and all we have now is to wait and see how things will be playing out pretty soon.