Bitcoin hits a new low since 2016

[Fourgh]

Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/

[1715370268]

1715370268

[dbshck]

Err your title is misleading. What hits a new low since 2016 is Bitcoin's RSI indicator, not the price itself. The recent price low of $6133 is just a 70 days low, as mentioned in the article.

To answer your question, yes I think the crash will continue in the next few days. Sub 6K incoming

[samcrypto]

Only time will tell what will unfold in the next few months.

This is already an answer to your question, we can't dictate this market only time can tell if its going to continue dumping or its time to wake up and make investors believe on this again. Well, don't hit any new low right now because in January 2017 the price is about $1k so better to look at the history price well.

[BQ]

looking at the historical graphs, this happens kinda yearly, but it's always a with higher lows and higher highs!
shaking out the weak people is good so we can have a new bullrun maybe 

[Nerman]

Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/

Percentage Wise yes ,the  price have been free falling from the all time high of $20,000 to the $6,000 area that is more than a 100%  but price wise it is not the lowest. Now for the question the $6,000 area is the best support area we have. It have been tested multiple times and also being tested as of the moment. It seems that still the $6,000 support is holding. I do not think that it will continue to crash but I think it will take some time to recover from this crash price.

[Eternu]

This sentence got my attention and I wish this to happen.

When such levels are hit, the indicator suggests price action is approaching a level below the asset's true value, where a price bounce tends to occur.

Investors like opportunities like this, so it won't be long before price starts to recover. Also I agree with dbshck, title of topic is a bit misleading. 

[jrd2828]

This sentence got my attention and I wish this to happen.

When such levels are hit, the indicator suggests price action is approaching a level below the asset's true value, where a price bounce tends to occur.

Investors like opportunities like this, so it won't be long before price starts to recover. Also I agree with dbshck, title of topic is a bit misleading. 

Yes, bitcoin continue to fall in the market today. Last few week it fell to $8k to $7k and this week it still struggle and fall to $6k. Survey says that if it will continue its poor performance it will less again. But the good thing is, after few months, it will recover as predicted by the expert. Before 2018 ends, bitcoin will be back again in the market.

[jack.anroid]

You need to have patience if you want to deal with bitcoin as it a long term investment. Price fluctuation is bitcoin's crucial nature. If the price is low now, probably in next few months it may rise very high. People should hold their coins till then.

[Eternu]

Only time will tell what will unfold in the next few months.

This is already an answer to your question, we can't dictate this market only time can tell if its going to continue dumping or its time to wake up and make investors believe on this again. Well, don't hit any new low right now because in January 2017 the price is about $1k so better to look at the history price well.

If you took a minute and checked the link which OP provided, you would understand what he meant with "new low since 2016". He was referring to RSI (relative strength index) and not the actual price.
Don't just shitpost. Also read more, so you could improve your English, which sucks...

[Jocuserious]

Yes,I think definitely will increase again,but we have need to waiting small time and be patience.today bitcoin value gone to big down.now this to to fair investor and holders ,if can do hold bitcoin now it's time then definitely will got profit.small value it's not complement for me,I have waiting for increase days..

[Gogochen]

First of all, this is a false headline. Bitcoin has not reached a new low.
And according to the K diagram, bitcoin has always been on an upward trend.

[tailor.and]

If you look into the graph, you'll see bitcoin has higher fluctuation. So, there's is no need to worry. Hold your coins. The price will increase very soon, may be at the end of this year the price will start to rise high.

[paul00]

First of all, this is a false headline. Bitcoin has not reached a new low.
And according to the K diagram, bitcoin has always been on an upward trend.

I think he basically measured it from $20k to the current price the range of its fall are too far and that I think her basis. I know there will still be a downfall of the bitcoin value but still it will recover in the future but no one know when.

[Pursuer]

This sentence got my attention and I wish this to happen.

When such levels are hit, the indicator suggests price action is approaching a level below the asset's true value, where a price bounce tends to occur.

Investors like opportunities like this, so it won't be long before price starts to recover. Also I agree with dbshck, title of topic is a bit misleading. 

true. it always comes down to what investors think. and they always are looking for indicators such as this. we are going down for now but also we are getting closer to that specific price level where majority of investors will think "that's the price I want to buy at" and when that happens we will see the bottom and the reversal will start as the rest of the market becomes much stronger than the minority whales dumping these days.

[gaurav82]

Don't worry, take it as buying opportunity. Missing this opportunity may repent later.

[Rosyanroid]

Please do a good research before you post something. The price of bitcoin went very low few months ago. Probably, below $6700. But, now the price is going upward. It will increase more in the future.

[Herbert2020]

that's what happens when the dumping gets out of hand. even the manipulating whales get greedy sometimes and dump too much and the market is always unpredictable for everyone so a newbie wave can crash the market more than you wanted to and create stagnation like this. i generally don't pay much attention to RSI but it seems like i am alone in that. now i am curious to see what is going to happen next because of it?!

[Cofee.BLUE]

Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/

Well, it is very hard to know what exactly be happen in the near future. But I think it doesn't matter if it's fall again and what are the most important is it will rising up again and continuously to pump so there will be a chance to recover. We don't even know what it will be ,maybe by the next couple of days it will pump again so it is better for now is always think positive so positive things will come to our way.

[gesdan]

yes we know that last year the price of bitcoin is down until right now but i think it will rising up soon after bitcoin can pass this "storm" and will rise up more and more because we can see that bitcoin has the good popularity and be the good media for investment, so investor will buy bitcoin for their investment

[St4yInTh3D4rk]

Bitcoin is having a free fall after it's price skyrockted last December 2017. The question now is will it continue to crash?
Only time will tell what will unfold in the next few months.
https://www.coindesk.com/oversold-price-bitcoins-rsi-just-hit-its-lowest-level-since-2016/

Well, it is very hard to know what exactly be happen in the near future. But I think it doesn't matter if it's fall again and what are the most important is it will rising up again and continuously to pump so there will be a chance to recover. We don't even know what it will be ,maybe by the next couple of days it will pump again so it is better for now is always think positive so positive things will come to our way.

So grab more coins when it is at lower price,surely you will cherish about that later,I am also lookiing to have some bitcoin now because it looks like another golden opportunity to buy bitcoins for lower price which may not happen again.And OP the price doesn't hit new low since 2016 the price level reached that level becausue the price of bitcoin was cheaper than now exactly one year before.Don't speculative it to much just learn to sail in the waves.