Bitcoin Drops Below $6,500

[futile-resistance]

Bitcoin has seen a very low price for this year and I think it will come down to $5500 within this month end. There are several factors for the downfall of Bitcoin like the most famous exchanges got hacked and the Japanese regulation on their countries exchanges which lead to closure of their exchange due to KYC norms not followed strictly.

There is nothing I can say about hack, that isn't already said. But as far as KYC is concerned, I guess things like that was inevitable. If we want for bitcoin to become worlds currency, that things like money laundering must be stopped. If certain people use bitcoin for criminal act and goes unpunished, common people will see bitcoin as an criminal thing... which is bad. So KYC regulation is trying to prevent that.
No one can say for how long with this continue to go on, but I am almost 100 percent sure that this will not be the downfall of Bitcoin.

The has dropped so much as the lowest value recorded this year is 5.8k dollar and no doubt about the recovery as we know that market recovers after down falls. Similarly this time the market will recover when the demand rate improves and increases. It will surely increase in the upcoming days so just hold your coins tightly and make decision when you stand in a high market.

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[henmark]

It rebound back to $6,200 after it drop to around $5,800 so i assume we have a great support around this level
But market is still testing tho on what could possibly happen

By looking at the fundamental like news and regulations, aside from big tech companies skeptical comments, everything else is kinda fine

honestly, this is a price reduction that really makes many people panic. Well, for now, I think the price is back to stable. however, the price is still really below the $ 6500 price tag. I hope that the bitcoin price increase will happen soon in July.

Small corrections will be there in the price because nobody wants fixed price for bitcoin otherwise it will lose its value around the globe. It is good for new investors because they have the chance to buy some bitcoin on low price and make money in the future. $6000 is very reasonable price for new investors if they can hold their coins for some time.

[STT]

glad to see bitcoin price stay at $6135 in this day and everything looks green in the market.

I drew in support in this area, it matches previous highs and is now the low before we get to 6,500 which is a bigger point of resistance over time.

[The Cryptologist]

I'm pretty sure that the last $5k mark crash id going to be the last of it. It bounces back easily and a few more months, we could see bitcoin going unstoppable on the last quarter. I'll be honest that I panicked a little and I'm sure some of you did too.

[Mezze]

I'm pretty sure that the last $5k mark crash id going to be the last of it. It bounces back easily and a few more months, we could see bitcoin going unstoppable on the last quarter. I'll be honest that I panicked a little and I'm sure some of you did too.

I never had a doubt that BTC will come back to 20k again. Watching those curves every day and I still think the same way, BTC will not go down under 6k. Maybe it'll go up to 7-8k and then drop a little but in the end it'll reach 10-15-20k. We'll see soon enough.

[Altas]

The price that went low to $6500 has got recovered, hope this is a massive comeback focusing towards growth. In specific it is all about the situation prevailing over the entire market. Right now a small pumping will create a positive thought among the people and the same will attract more investors which is a must for growth.

[Reatim]

The price that went low to $6500 has got recovered, hope this is a massive comeback focusing towards growth. In specific it is all about the situation prevailing over the entire market. Right now a small pumping will create a positive thought among the people and the same will attract more investors which is a must for growth.

Correct, glad to see the price slowly getting in the range of $6800-$6900 perhaps in the next coming days. And I hope that this small pump will create a positive attitude towards old and future investors to pour their money again in the market. However, I have doubts that $20K might be possible again at the end of the year. I would be surprise if we get to touch it  again, but I wouldn't put to much hope on it, the chances are still there, but with so many factors affecting the price in a negative way, I will be happy to see the growth around $16K.

[Carpenter194]

Now it will be comeback and move to $7,000 soon?

[Eternu]

I'm pretty sure that the last $5k mark crash id going to be the last of it. It bounces back easily and a few more months, we could see bitcoin going unstoppable on the last quarter. I'll be honest that I panicked a little and I'm sure some of you did too.

I never had a doubt that BTC will come back to 20k again. Watching those curves every day and I still think the same way, BTC will not go down under 6k. Maybe it'll go up to 7-8k and then drop a little but in the end it'll reach 10-15-20k. We'll see soon enough.

You sounds like bitcoin's price is already at $20k,  I wish I was as optimistic as you. Also your speculation about end price, I don't know if you thought on end of this year or end in general, but range from 10k-20k is a bit too large don't you think? You are right in one thing tho... We shell see.

[cydrix]

From the looks of it it will probably go down even on $4000 keep praying some ignorant investors might get interested in Bitcoin lol. Well it's our job to introduce and advertise bitcoin. Even though we do it for free we do have a benefit from it by getting bitcoin popular it might pump in an unusual amount sooner or later.

[cold cool]

BTC has experienced three times fell to $6000, if BTC experience again big rebound, then 6000 could be the bottom of the BTC price area, my in the mind of the idea is to BTC can rise to $8000 and usher in a new breakthrough.

[Matty96]

BTC has experienced three times fell to $6000, if BTC experience again big rebound, then 6000 could be the bottom of the BTC price area, my in the mind of the idea is to BTC can rise to $8000 and usher in a new breakthrough.

That is for sure.
If it ever hits 6k or even 5k5. There will be tons of people buying in.

[Offece]

just like the saying that anything goes up need to come down. a whole lot of humans entering the markets and additionally bringing in numerous oppositions with it. I see a get better already happening which implies from what already stated that bitcoin has executed its lowest for the 12 months.

[redsun114]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

Bitcoins price can drop even more in the next few months but still it will be always managing to increase even more in the future because the market is volatile and people are going to invest a huge amount in order to earn more profit when the market pumps up again.

These days we are hearing and observing downfalls and little improvements and then downfall and then little improvement and making a circle in which the price is circulating. We are waiting for the price to go on increase line and this will soon happen because demand rate will increase as the value is low these days and people will invest to collect large quantity coins on the usage of low amount.

[Mezze]

I'm pretty sure that the last $5k mark crash id going to be the last of it. It bounces back easily and a few more months, we could see bitcoin going unstoppable on the last quarter. I'll be honest that I panicked a little and I'm sure some of you did too.

I never had a doubt that BTC will come back to 20k again. Watching those curves every day and I still think the same way, BTC will not go down under 6k. Maybe it'll go up to 7-8k and then drop a little but in the end it'll reach 10-15-20k. We'll see soon enough.

You sounds like bitcoin's price is already at $20k,  I wish I was as optimistic as you. Also your speculation about end price, I don't know if you thought on end of this year or end in general, but range from 10k-20k is a bit too large don't you think? You are right in one thing tho... We shell see.

Yeah, it did sound like that. 
I really believe in cryptography and it's endless possibilities. BTC is a revolutionary in any way and it's price will surely just go up in the years to come. It's fluctuating right now because many big players can influence it's price, the market cap of 100billion isn't that big in grand scale of things but when adoption rate rises and it gets, from 1% of worlds population nowadays, to 20-30% BTC will be much harder to get influenced so we'll get less that pump and dump schemes and the price will get steady. Then it will probably get to those insane heights around 100k or more.
This 20k+ range is something I think will probably be next year or the year after but that's something that none of us can know for sure.
I'll be happy if it gets back to 10-15k by the end of the year.

[Tigerw]

just like the saying that anything goes up need to come down. a whole lot of humans entering the markets and additionally bringing in numerous oppositions with it. I see a get better already happening which implies from what already stated that bitcoin has executed its lowest for the 12 months.

that's why you do not need to pay attention to any forecasts, because to date, any news, it's like an information weapon for market manipulation.

[gabmen]

just like the saying that anything goes up need to come down. a whole lot of humans entering the markets and additionally bringing in numerous oppositions with it. I see a get better already happening which implies from what already stated that bitcoin has executed its lowest for the 12 months.

that's why you do not need to pay attention to any forecasts, because to date, any news, it's like an information weapon for market manipulation.

Well you actually still have to get yourself informed by being up to date though. News and reports, whether they're negative or positive, still gives out information you can use for studying and making decisions.

[coinplus]

I'm pretty sure that the last $5k mark crash id going to be the last of it. It bounces back easily and a few more months, we could see bitcoin going unstoppable on the last quarter. I'll be honest that I panicked a little and I'm sure some of you did too.

I never had a doubt that BTC will come back to 20k again. Watching those curves every day and I still think the same way, BTC will not go down under 6k. Maybe it'll go up to 7-8k and then drop a little but in the end it'll reach 10-15-20k. We'll see soon enough.

I do not see any reason why anyone should ever have such a doubt. It might take time to get to see it, but it is not like at some point it would not end up happening. Certainly for now, we are in a bear trend and how long the bear trend is going to end up lasting is best known with time.

Nevertheless, this is an opportunity for everyone to start taking advantage of the dips and seeing how they can get to buy at these points. I do have the feelings that in the short term, we may end up hitting around $5k though.

[Meowth05]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

Bitcoins price can drop even more in the next few months but still it will be always managing to increase even more in the future because the market is volatile and people are going to invest a huge amount in order to earn more profit when the market pumps up again.

Indeed, that is why we shoud take this dip as an advantages in the way of buying all the coins that has potential as much as possible so that when the time comes it will be a good outcome we will have. Bitcoin was so fluctuative so you could guarantee that sooner or later it'll goes up again and those who take the advantages will have a great day.

[ShineftChaos]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

Its fine if the market drops below $6k dollars, it only means that other people who did not have enough capital to invest can purchase bitcoins on a cheaper price and earn profit in the future.