Bitcoin Drops Below $6,500

[wuvdoll]

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.

Crypto is very risky. not just from its investment. even from his gambling. indeed I also have a similar opinion. that btc will not grow drastically this year

There is absolutely no doubt about that and this is one of the main reasons why one just have to be careful as to not be gambling the market at any point, but settle down to wait for the best moment to settle in most of the time. Over activity sometimes has made a lot of people to tend to make huge and silly mistakes in the market rather than making trends their best friend. The price has dropped below even $6000 and at this stage; I would rather not be deceived by some dead cat bounce.

[traderethereum]

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/

In my own opinion, its fine if bitcoins will keep on dropping its price because in this way you can always invest for a cheaper price in order to earn more profit in the future when the market values start to pump up again.

but now bitcoin price is down too deep and I think many people are shocked to see the price. they don't believe that bitcoin price is reaching $6141 but this is the reality that is happening in the market. maybe in a few days later, the price will get up and will start to pump again like you said and in that time, I am sure that all of us will be happy to see the new highest price. so lets we wait for the price and hold our bitcoin until the price can increase higher.

This is why Bitcoin is good for long-term investment. Well, this is market and it will only behave according to its supply and demand and let us just make this as an opportunity to buy some coins. Cryptos are unpredictable so it is not new that we experience with this kind of sudden drop of value.

you are right, and I use bitcoin for a long-term investment too because I know that I cannot always check the bitcoin price in every time. but if I have time to analyze, then maybe I will do short-term investment and maybe I can have a chance to do scalping trade too because if the price is up and down too often, I can make a nice profit. I agree that cryptocurrency is unpredictable and we need to determine when we can enter into the market so we can buy at the low price and sell at the high price.

[puremage111]

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

[BigBos]

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.

[hybie22]

we do not have to worry about lowering the bitcoin price because the bitcoin processing state is high and lowers its value. . Your bitcoin price is high enough to buy it and lower the bitcoin when they sell their bitcoin.

[richmcrich]

I had some words for you friend.Bitcoin is decentralized currency,so no one will control the bitcoin price.You no need to worry for this,it's minor fluctuation.The whales can hold the price for a moment.But they can't control for longer period.This is the unique features of bitcoin over other Crypto.

I agree, it's decentralized and very hard to manipulate but whales still do it and when they do prices skyrocket or dip. Either case is a chance to make money, either by accumulating cheap BTC or by selling when reaches it's peak. Whatever the case is, BTC will exist for a long time or maybe even forever.

Yes it is true, the Bitcoin’s value has dropped more and more and now reached at 5.8k dollar which is a very low price and everyone can easy achieve it and is inside the circle of people.

The price may increase soon because many people will invest here in order to get Bitcoins in very large quantity and to make a collection on using low amount so this is the way they are following and you need to follow the same because everyday the market is not available like today’s market.

[LexLuther]

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.

This is somewhat consistent with what I've read.  To expect movement in the $6k but that in the early fall to see a correction downward and Q4 a recovery before EOY.

[Mezze]

This is somewhat consistent with what I've read.  To expect movement in the $6k but that in the early fall to see a correction downward and Q4 a recovery before EOY.

Whales are counting on people to panic and they've been accumulating a lot of cheap BTC lately. Soon fiat will start pouring back in and market will recover.

[websoftwareengineer]

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/

Im not against the speculation but the reason why cryptocurrency is currently decreasing right now is because of negative news or fud that is actually manipulating the minds of different people to sell their coins in the market more than holding.

[StarofBTC]

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.

Yes the price of Bitcoin has dropped more which is more affordable price for every one. On this price one can buy Bitcoin easily, many people are investing in Bitcoin now in a large quantity which will increase its price soon. Today the price is very low the investors are buying Bitcoin on low prices to make good profit in future and you need to do the same because the market will not remain favorable in future for buyers so this is your opportunity.

[royalcrypt]

Last April Bitcoin was around 1K and now it doesnt seem to want to go below $6100 in a bear market so that is a 500% increase which may bring us to around 30k by this time next year.

[Eternu]

Last April Bitcoin was around 1K and now it doesnt seem to want to go below $6100 in a bear market so that is a 500% increase which may bring us to around 30k by this time next year.

Bitcoin's price hitting $30k till the end of this year... that is just a wild guess, there's no real prof for something like that.
I don't say that its impossible. But in best case scenario, chances for that are almost as equal to impossible.
We would all like to see something like that, but lets be honest here. With everything that is going on lately with bitcoin's market and with crime fighting, do you really think that people will just run toward bitcoin and buy it in enormous amounts? Nah, things needs to settle down a bit first. Maybe next year tho, who knows.

[Mezze]

Bitcoin's price hitting $30k till the end of this year... that is just a wild guess, there's no real prof for something like that.
I don't say that its impossible. But in best case scenario, chances for that are almost as equal to impossible.
We would all like to see something like that, but lets be honest here. With everything that is going on lately with bitcoin's market and with crime fighting, do you really think that people will just run toward bitcoin and buy it in enormous amounts? Nah, things needs to settle down a bit first. Maybe next year tho, who knows.

Things change very quickly in crypto so anything is possible. The market is very long in the red so it's not possible for thing to go the other side by the end of the year.

[vooov]

Last April Bitcoin was around 1K and now it doesnt seem to want to go below $6100 in a bear market so that is a 500% increase which may bring us to around 30k by this time next year.

Bitcoin's price hitting $30k till the end of this year... that is just a wild guess, there's no real prof for something like that.
I don't say that its impossible. But in best case scenario, chances for that are almost as equal to impossible.
We would all like to see something like that, but lets be honest here. With everything that is going on lately with bitcoin's market and with crime fighting, do you really think that people will just run toward bitcoin and buy it in enormous amounts? Nah, things needs to settle down a bit first. Maybe next year tho, who knows.

last year I thought Bitcoin would reach $30,000 this year, but now I dismiss this idea, I can't predict Bitcoin, which may be the charm of Bitcoin.So I don't think we need to guess this year's Bitcoin，it's as hard as guessing the score of this year's World Cup!

[nydiacaskey01]

The price even dropped further to $5,800. Those who are bailing out of BTC are not helping but instead making it worse. 2018 is on its half way mark, last year BTC price starts to improve by this period until October where the price starts to pump by leaps and bounds. I am expecting a further drop by August till September when Chinese Ghost month starts to kick in.

[alex M]

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.

I agree, bitcoin had already dropped below 6K$ and it seems there's a sudden price correction after couple of hours. And I see it slowly recovering for now from the price 5.8K$ to 6.2K$. Im hoping it will continue to rise soon and leaving the bearmarket behind.

[XCANA]

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/

Well, it is not a new things to have happen yo Bitcoin in its existence as Bitcoin has already taste below $6,000 in recent time before it later return to above $6,000 in the couple of weeks back. But we all hope that sooner or later Bitcoin value will reach another mile stone only if there are positive news.

[notaek]

In a long bear market like this, nobody knows where the real bottom is. That's why we need to look left to realize our previous market structure and make some educated guesses on what its next move gonna be.

Btw, its already a good news that we only had two long bear markets in Bitcoin, compared to stocks. What's happening now is very healthy. Look at the bigger picture and you'll see we're in great shape.

And, always remember: "The trend is your friend" - Investment 101

[Morgann]

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.

[traderethereum]

glad to see bitcoin price stay at $6135 in this day and everything looks green in the market. I wish that it will stay like this for a long time so the altcoin has a chance to increase higher. but there are still possibilities for bitcoin to go up or down in anytime so we still need to be careful because we don't know where bitcoin price wants to go. perhaps, if there are a good news comes, it will push the price to increase by more than $6500 and still increase to break any level of the price.