Bitcoin Drops Below $6,500

[bungutko]

Yes,  the bearish market we had experienced currently is a tremendous drop since the 1st quarter of the year.  I still believe that bitcoin will contine it's journey for a greater heights and will make a good recovery in the crypto market.  This time is the best time  buying btc as this is currently low in price value.

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[HashFace]

It's been a while since I bought any because the price is so high, but I'll probably start buying small shares again if it drops below $5000.  Someday I hope to own a whole bitcoin.

[syarifudin]

 do not ever be afraid and panicked because the price of bitcoin falls, because every price will fall will rise its price, we wait

[Hazaki]

As for bitcoin going lower and lower each day , many people are still in winning position such in my case because i have acquired bitcoins when it was less than 1k per coin and i still consider my investment a successful one unless it goes under that value . If bitcoin goes down to 4975$ then hell yeah i'll be buying more coins because no matter what happened and whether it's now or in the far future , bitcoin will rise again and cross new all time highs .
As for these people speculating about what will bitcoin price be , i really can't trust those because they are known for / low key chilling some alts from time to time and their words are not to take seriously since this is a market where no one can predict for sure what will happen and such people have already made false speculations and misguided many people in the past , so please don't listen to them ..

[HaXX0R1337]

If you are not having any plans to sell the coins and if you have the money to invest this is the best market to invest, unfortunately i missed the news about the hack and so i could not act accordingly so that i could make some profit in the market according to the trend, i should have followed the market closely but real life obligation is denting my pocket.

[btyco]

Think about the positive side of things, these dips will allow new blood into crypto as they were annoyed at missing out when it pumped to $20k. Now they have a chance to get in again, if they are smart enough to invest

[CryptoBeefy]

So much panic involved with Bitcoin and its constant fud after fud. Hopefully we'll stop dropping, bottom out soon and start seeing climbs again.

[dmwardjr]

Link to technical and fundamental analysis discussion:  https://bitcointalk.org/index.php?topic=4466954.20

”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”

Richard Wyckoff

[Blessed J]

Yes bitcoin is down now and all I can think of is the opportunities i have . There is still great opportunity to keep winning in crypto and maybe we might not get the chance to see bitcoin this low again. Most people still regret not buying bitcoin when it was 6k and it rose to 20k. We still have many chances not to regret too. The Buyer time I'd now.

[Theoneask]

Maybe some of my friends who would not invest because it was too expensive in the past will go for it this time, but I imagine no.

[bloodyvio]

this is all because the market is too long in sideways position
the longer the price is in sideways condition then it will make a doubt in the market
so no wonder the price of bitcoin every day is getting down

[badakjawa]

a very crazy decline, this is the craziest scene I've ever encountered in the crypto world. $ 14000 fell within 6 months, and even $ 14000 rose within 2 months in 2017.

bitcoin has crazy fluctuations. but if we see that time estimation of bitcoin increment for high is faster than decrease, and that means bitcoin has the potential to rise again.

[felipe04]

Don't worry bitcoin is always like this calm yourself and still hold

We need to do is try others things of way to earn or study some business here while trading here is not that well

better to buy in drops again like now so try to invest again

[Baimovic]

after yesterday bitcoin stabilized at 8k in a few weeks, it seems that in the next 1 month, bitcoin will stabilize at 6K before bitcoin rise and high again in july.

so, there will be no severe accidents that make the bitcoin fall below 6K. bitcoin will be stable at 6K and will rise slowly until July.

[keanne_isaac]

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/

though huge sell down happen but if you are a truly believer of bitcoin current price is an opportunity to add more as bitcoin price may easily push upward once big player want to do so. but for now as correction happen just relax and be patience with your hold.

[asabed256]

Btc might hit 2.3k USD. I'm not here to fud or anything but I believe that's the truth. Bitcoin is a great crypto but it might also experience a lot of downfalls for itself.

What is the basis for your argument? 2.3K is too low though we are in a bearish market. Unless you have a strong point to support your claims I suggest you remain a little positive. Predictions like these scare new investors.

[vnck25]

I think there is strong support for Bitcoin around the USD 6500 level. If the price stabilizes around this level it will have a break out in the upward direction resulting in testing values like USD 7500 to USD 8000 initially and then all the way up to USD 12,000 and USD 13,000 range. This will happen during this year. The other scenario is that Bitcoin's price will hit lower  values like USD 3000 to USD 4000 and continue to stabilize at that support range. I am also very bullish on Bitcoins and will by more when the prices hit new low levels!

[mobilestrike]

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/

We do not have to think about those who are speculating against bitcoin but we have to put our money in bitcoin for long term and have to start our struggle to promote bitcoin. The promotion play a vital role for the increase of the value of bitcoin as with promotion more and more people will come to invest their money in bitcoin. They will increase the demand of bitcoin then those who are selling will again buy bitcoin.

In the long term there is much benefit in bitcoin but these people do not understand it who hate bitcoin they do not have looked at the past that how bitcoin reacted to many haters and how bitcoin continued with the price correction and recovery.

[batang_bitcoin]

I remembered last time before we saw the all time high, there's also a lot of months that bitcoin has been moving slowly and was even down during December of 2016.

And the next year, December of 2017 was totally opposite of what happened so what's happening can be opposite by year after year or if not, I agree that it's only testing the lows before it hits to another all time high.

[r32godzilla]

We had seen that bitcoin's bottom price has been 6,500 dollars for the past few months.So if it falls till that limit,then there would be nothing to worry but if it falls beyond that,then our investments should be reconsidered.