Can Bitcoin stay above 6500?

[STT]

In a bearish trend to gain a profit from buying you must predict each time the trend relents and we rise up, it should rise more quickly at that point and your buy is rewarded.    Predicting each level of support to buy into would be the advantage gained there.   It is harder to go against the prevailing wind and still advance but its possible, in a bear trend the spikes up are more extreme I have read where as a bullish trend the progress up is more regular, slower.

[fabiorem]

Too late to sell, you will have to endure it.

[The Sceptical Chymist]

Well so much for staying above $6500--we're about $200 lower than that as I write this.

Question:  where's Qwuckduck?  Usually these types of market swings bring him out of the hole he lives in, and he's good for stirring shit up a little.  lol

We can still rebound, and I still think we will but man, it's looking pretty grim right now.  As far as what OP asked--whether he should sell--I think that's ludicrous unless he bought well below the current price.  Nobody makes money buying high and selling low and now is probably the worst time to sell for a lot of people here.  I say hold onto what you have and wait for the recovery.

[tylerderden]

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

But it is the prefect time to buy bitcoins as the price have touched bottom and is surely isn't gonna fall below this price range so buying a few bitcoins at this price is surely gonna profit you. But the people doesn't understand this and buy bitcoins only when the bitcoin is trending in the news and that only occurs when the price have rose, so looser buy when the thing is all over news and the wise person buy when only a handful of people know about that thing.

[wildan88]

It is hard to predict, but I see many people analyze it could fall below 6500 even 5000, so I've to sell at 7200 and will probably wait at 5000 to buy. But if prices persist long enough in 6000 I will buy it.

[Doell]

Some have predicted this before and I not believe but then in this June the price drops to the value that he forecast ,we must be optimistic dont get carried away panic sales like now hold better than lose money but now it's 6400 difficult bring plunge to further

[Eleven86]

Dont sell now just hold it, because if you sell now its great loss only. Dont get panic about current situation, with hope and patience wait for some more time. May be this is the last worst dump for this year. So lets wait for some more months hope the price will increase in upcoming days or months. Hold the bitcoin till it reaches high value. According to present market the price struggles to reach $6500. But in future surely it will cross the price hope so.

[bedulook]

6500 USD price was recently entered and I think it will go back to the 7500$ it was trading last week

[AngelSky]

6500 USD price was recently entered and I think it will go back to the 7500$ it was trading last week

Hey again it fall around 300 USD and more today. I want also bitcoin to reach that value but we cannot assure that this will be happen for sure mate. When the bitcoin value dumped most of the people being in the crypto currencies market means what is the actually trend we can see.
That is how we are seeing the bitcoin value goes cheaper but will be find the BTC in 20k USD and more.

[maarx]

Expect this to happen very soon, but the current trend is taking the value towards $5K. Hope this should turn back on track again with more effect reaching minimum $10K this month. Last 6 months have been so crucial and is more convenient for buyers and investors. I wish to invest more into altcoins including bitcoin now as the value of each coins is very cheap compared to earlier days. This would at least compensate the profits missed to earn in last 6 months.

[bhadz]

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

It's too late to sell if you bought during the time when the price was quite higher than $6,200 <-- today's price. I don't want to be part of your regret if you start to decide that you are going to sell.
But let's reverse the answer, why not start buying instead of thinking to sell it? You said that it's too late to sell but it's never too late to buy as part of your wait for the bulls, this can be the best opportunity for you to buy if you can't decide on your own.

[mwaqar17]

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

I think it is going to touch 5000$. As in just 24 hours it has reduced so much that it has touched 6300$. In this worst situation whole market is going down rapidly. Everyone is selling I think you should wait...

[Colt22]

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

If you do not need your money now then why you want to sell it. Wait for some more time the price of bitcoin will increase and when you see the price at a level when you feel that you are now at profit then use them and if even in that time you do not need money for your expenditure then do not sell your bitcoin because with the passage of time the price of bitcoin will increase.

[batang_bitcoin]

If you do not need your money now then why you want to sell it. Wait for some more time the price of bitcoin will increase and when you see the price at a level when you feel that you are now at profit then use them and if even in that time you do not need money for your expenditure then do not sell your bitcoin because with the passage of time the price of bitcoin will increase.

Sell if you want to sell, don't hesitate if you are good with it and he's still in loss but if he really doesn't need that money he can sell it at his own will.

But as usual, what I'll say is just wait until the market goes okay and you're not in loss anymore. If he got no choice and he's buying these people who are panicking with the current situation, he's free to do it.

[xuan87]

If you sell now you will lost money, Bitcoin will go up again, Bitcoin is not like other alt coin, Bitcoin is the core of crypto there are many support that will make the price increase again, don't get panic and sell your coin ,it will make the situation become worse

[Kevin77]

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

Maybe you should try to hold your balls up since there's still hope that bitcoins could pump again, remember it has so many supporters and maybe some of them afraid to go on it since their are existing bad issue of certain exchange flaws and side problems for now but I believe the quarter 3 and 4 will be the good time for bitcoins and let's hope for the best on it.

Maybe he really should, lol. No one knows what the market can ever bring next, it is so highly unpredictable, anything can happen at any time and even though it looks we are still in a huge downtrend, anyone of us could end up wrong. As of now, I am sure bitcoin will remain staying strong above $6300 levels.

If he had sold when we broke the $7350 local support downward, he would have been in a better position, but still nothing is guaranteed in the market and anyone who does not know what to do as when it comes to trading should better just keep holding until the market recovers.

[XinXan]

I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

Maybe you should try to hold your balls up since there's still hope that bitcoins could pump again, remember it has so many supporters and maybe some of them afraid to go on it since their are existing bad issue of certain exchange flaws and side problems for now but I believe the quarter 3 and 4 will be the good time for bitcoins and let's hope for the best on it.

Maybe he really should, lol. No one knows what the market can ever bring next, it is so highly unpredictable, anything can happen at any time and even though it looks we are still in a huge downtrend, anyone of us could end up wrong. As of now, I am sure bitcoin will remain staying strong above $6300 levels.

If he had sold when we broke the $7350 local support downward, he would have been in a better position, but still nothing is guaranteed in the market and anyone who does not know what to do as when it comes to trading should better just keep holding until the market recovers.

It looks like we are going below 6k really soon, the RSI levels cooled off a little bit, the bounce was really small and no follow through, bears are looking really strong. We could see a strong bounce eventually after we break below 6k just like we have seen the past 2 times.

[Lampaster]

It seems to me that today's bitcoin price is very similar to the bottom. Users do not want to sell coins at this price. If the price tended to decline the offers on the market it would be very much. We see the reverse situation. The number of deals is reduced every day. I think that bears from the last forces deter bitcoin from growth prices.

[kendedese]

since when do you have bitcoins? since last year? should you sell the bitcoin you have when the bitcoin price reaches $ 15k 
I advise you to keep holding until the end of the year.

[EdenHazard]

Bearish trend is prolonged, it is not difficult to give a decision between selling and buying when the situation is the bearish trend. The suggestion that will buy bitcoin will have the expectation that the price of btc will continue to decline so that it can buy bitcoin at the price it wants, and the suggestion that sells them will have high hopes for bitcoin prices to go up and they will let its investment, when the decline occurs it will regret for choosing HODL. Someone has the right to decide on investments, but my advice is HODL when you get a loss and sell when you have not got a loss.