Bitcoin Drops Below $6,500

[gunungkembar]

yes bitcoin price is currently the cheapest price you should buy bitcoin prices when it falls to the point it is because it is a very good moment to buy as much as you can.

[Eternu]

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.

This situation could also be good for those people who bought when the price was a bit higher, and now with lower price they can buy again and that way balance out their investment and make their ROI time shorter.
Every moment has its good sides and bad ones, but at the end it all comes on individual needs. Also, people should be prepared for possibility that price could go under $6k, but honestly I doubt it will.

[phpartisanmaster]

yes bitcoin price is currently the cheapest price you should buy bitcoin prices when it falls to the point it is because it is a very good moment to buy as much as you can.

yes you are right, its not a problem if the market price for bitcoins is dropping, it only means that the market is giving you the chance to invest even more in order to earn more profit.

[tumokatok]

You can take advantage of such moments to be able to buy lots of bitcoin do not be afraid the price will definitely rise someday and if the bitcoin price goes down cheap and you still do not have bitcoin then you should buy as much bitcoin

[marsmyname]

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.

Yeah, I agree and will like to add my opinion here as we know that the current price has increased after downfalls so we must think that it is the result of increase in demand rate. The price has increased from 5.8k dollar to 6.5k dollar which is the good increase in these difficult situations. We are expecting better from the Bitcoin and soon as its demand rate is increasing the price will be surprising us as well.

[traderethereum]

and now, bitcoin is not in the $6,500 again and it increases $200 from the last time. I hope that the conditions will be like this and although there is any correction for the price, the price is not getting down below $6,500. I am sure that bitcoin price can increase higher in the next months and we will see the price makes another highest price again.

[naidray]

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.

Why should anyone actually want to panic and it is not like it is something their panic can solve anything. It is a market, it is certain that we could even fall a bit lower eventually, but the thing is to know what to do in such scenarios or to buy more and wait for the long term. One thing I am sure of is that this market is really in a giveaway state with the value we are seeing now and anyone who wants to go long for the future, here is a very good opportunity for them.

[traderethereum]

after bitcoin reach $6,819 according to bittrex, now we see bitcoin price down again and now it reached $6452 but we can be glad that bitcoin price still in above $6k. but if there are many people that is panic to see the red candle especially a long red candle, then the price can get down too far and maybe it will reach in under than $6k. we can only hope that the price can bounce up after this and in the next week, the price can increase by more than $6,8xx and even will reach more than $7k.

[Kiweikoo]

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.

No for the statement because the current value is stable from yesterday which is 6.5k dollar and yes this current market is a golden opportunity for all of us as it has less price and charges us less for 1 Bitcoin equals to 6.5k dollar so we are here is a very rich opportunity.

It is more than anything to get more valuable coin in its low market on low value so keep investing which will also increase the demand rate and we will be in high market soon.

[Macinto$h]

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.

It seems to me that you do not need to trust the opinion of all these analysts. Many of them write their reports to order. They are paid for this money and they say what they should write. And they do it.

[dr blowfin]

The last time I listened to Tone Vays he was talking about $1300. So $4975 doesn't sound so bad.

[Mastsetad]

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.

You are wrong. I admit that bitcoin is decentralized but is not uncontrollable. Big investors manipulate the market and change the price according to their well. They are ducking us and we do not understand. The big pump and dump was not natural. It was planted and the result is that many people made huge profits while new investors lost their money.

[STT]

The last time I listened to Tone Vays he was talking about $1300. So $4975 doesn't sound so bad.

As a bottom price that is nothing because the bottom is usually quite brief and not traded by a vast amount of people.   Just a spike down to 4975 as a reversal would be not be a big deal.    It really depends on how it reaches that price.

If we gradually descend then I see the upwards movement after as being much slower also.   I was actually expecting a lower price but also a short duration so not as quite as bearish as just reading the number alone.  I think the context of the price movement probably matters even more

[richardsNY]

The big pump and dump was not natural. It was planted and the result is that many people made huge profits while new investors lost their money.

It might have been planned to some extent, but what you can't plan is how the retail market reacts. We will never find out what percentage of last year's rally was manipulation and what percentage fomo. If the momentum is there, which it was, then the market can pump to any level as long as people are willing to hold and accumulate more -- if there are more constant buyers than sellers, the price will keep going up, it's that simple. Right now the exact opposite is happening, where the coins that people were holding are now being dumped on the market. I have heard some people say reverse bull run, and I actually like that term because that's exactly what it is.

[Bakemat]

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/

The price of bitcoins is now in $6k dollar below and it only means that there will be more time for consumers to invest since the market price is very expensive for a long time.

[ogabonny]

That will really be bad for everyone (except those who are yet to make purchase).it is kindd of hard to know what to follow, CBOE are making a push for bitcoin ETF which will bring more money to crypto, yet we are having price dips

[Devnant]

The price is less than $6,100 at the moment and i think that it will keep going  down on the next few days, we just need to wait a little bit more. But, we can not speculate much about what is going to happen because the market is more than unpredictable

[oegarod]

This has been taking place quite often, I believe the price drop below $6500 has been taking place for the third time consecutively. Every time the recovery happens quite after certain time period fulfilling the expectations of the users. Hope this time too the same thing takes place to grow high at the earliest.

[gabmen]

The price is less than $6,100 at the moment and i think that it will keep going  down on the next few days, we just need to wait a little bit more. But, we can not speculate much about what is going to happen because the market is more than unpredictable

It hasn't gotten below 6.1k and making small steps to go back up. If things go well no other news of exchanhe hacks or bans come up, we may well be on a slow, steady climb.

[DaughterOFbitcoin]

and now, bitcoin is not in the $6,500 again and it increases $200 from the last time. I hope that the conditions will be like this and although there is any correction for the price, the price is not getting down below $6,500. I am sure that bitcoin price can increase higher in the next months and we will see the price makes another highest price again.

Today the price is almost $6500 and yesterday it was $6700. It means that corrections still there and nobody can say exactly what will happen next. We can guess the price from the investment cap. If it increase the price will also increase in the future but if not then the price will be like that of today. Be optimistic about the future growth in the price.