Dangerous price area

[changxia]

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

[CryptoSparks]

Let September 30th come before shorting to 4k 

[richcorner100]

Bitcoin stay strong in the level support above $6000 for few month and this mean the price keep strong, when the price going down below $6000 the price will going up again. At the moment Bitcoin has lower fluctuacion than before because was going up to $7400 but untill then reversal again. But after this, iam sure times for Bitcoin bull run and ATH again.

[jeepuerit]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

Dangerous price area is dependent on the month of the month, because there is a day when bitcoin drops, in my research each day is the months of May, June, July, August, September and October is the month when low bitcoin.

[katuhakuh]

I don't think there is a dangerous area, because Bitcoin is easy and the price is cheaper. This is a good time to invest, dangerous areas to sell, so don't sell your Bitcoin if you think this is a dangerous area. I'm sure they have good capital now and all this is mined. Bitcoin will only be saved.

[rumexx]

Actually it will be so bad and more deplorable if bitcoin will break the support at $6K. It has been bouncing off the $6k level for a while now without breaking it. I believe that support level will not be broken this year since it has not been able to do that through the year. Bitcoin has been under serious attack by the government and their agents which has really impacted on the price.

[TheUltraElite]

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

Big wallets dumping loads of bitcoins into the market will see a big drop. But the chances of these happening are very less. Recently there were some news of darknet wallets showing coins being moved to exchanges. However we should be skeptical about the credibility of these news because as soon as such coins (used on darknet) are sent to centralized exchanges - the authorities will get involved. A criminal would never be so foolish as to sell their coins on exchanges specially a centralized one where they would definitely need a KYC/AML done.

Hence hodl bitcoin with full confidence. Even if it drops will be go back up.

[otundebis]

At this time in  cryptocurrency market,  Good newz of likelyhood of another ETF approval is bringing new excitement and we could see that price of bitcoin is respond appropriately to this.  The support has been $6k this year,  bitcoin price is not likely to break it!

[KorakPawon]

when the price penetrated 6k it was really very bad news how many people would panic and seek escape because the prices did not rise, and we hoped that it would not happen, if it happened this was a bad thing.

[Tigorss]

bitcoin prices have not been experienced lately, there is the price that is most feared is the price reaches the lower level until 6k or more this is what many people fear, we hope that with prices like this is not achieved.

[fullhdpixel]

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

You just sounded like you are part of the whales and you will know what they will do or not. Nothing is predictable in this market and so far, this is a fight between the bulls and the bears, and at the end, someone definitely will have to win anyway.

For now, we cannot tell how things would be even in the next few seconds, as market can take any path and that would depend on how far it goes and how one can take advantage of the opportunity in whichever way it comes.

[Fideend]

It is unpredictable market so no one is know the future possibilities of bitcoin. Because number of times many experts says it will reach 10k soon and 20k soon.

Dont speculate on what others are saying. Have your own strategy planned out and play accordingly. You dont have to follow what the heavy hitters are saying but be rational and apply logic to make profits. If you have some basic understanding of how the market works you would not be saying this. 10k wont happen anytime soon. It might be reached this year but the dumping is happening too much so it might dump before it actually reaches there.

It actually varies. When bitcoin was a lot cheaper, people also mined it. I think that bitcoin would always be mined no matter what

People mined it in a more amateurish way when the difficulty was lower and ASICs were not in market. At a time when people could use their CPU and GPUs to mine. Then the "super-specialization" of mining happened and ruined the market for the small term miners.

This is the main reason that I never believed in predictions. All the predictions about the price of bitcoin from the previous years became false and against the facts. I do my own research and analysis and decide the future price of bitcoin, but I never told anybody and I will never tell anybody about the future price of bitcoin, because I don’t the people to be misguided.

[cryptowolfsu]

Some mining farms facing issues with their profitability at current BTC prices as it trades on break-even cost
of mining. Miner`s earning has declined significantly as the mining difficulty has increased and the BTC price
decreased. This is not a problem worldwide as it depends on the price of electricity and there are still countries
where it is cheaper and the mining is still profitable.

[Altero]

Some mining farms facing issues with their profitability at current BTC prices as it trades on break-even cost
of mining. Miner`s earning has declined significantly as the mining difficulty has increased and the BTC price
decreased. This is not a problem worldwide as it depends on the price of electricity and there are still countries
where it is cheaper and the mining is still profitable.

It is just normal when we base on market demand. It came to happen that there is a huge decline of the market and makes miners shaken up. But of course, they're still need to continue and consider these things as a part of crypto investment in order to survive, otherwise they will loss everything.

[Gleoth]

Some mining farms facing issues with their profitability at current BTC prices as it trades on break-even cost
of mining. Miner`s earning has declined significantly as the mining difficulty has increased and the BTC price
decreased. This is not a problem worldwide as it depends on the price of electricity and there are still countries
where it is cheaper and the mining is still profitable.

I think that this is not time to sell what they mine. Propably they sold on high and they have for current electricity bills. But it will interesting what will happend when current market cap will not rise and stay on same level during next years the will wait or maybe sell their gear xD.

[beerlover]

Right now it is at those levels.
It can go to 7.2 thousand dollar levels in 24 hours or it can go down to 6 thousand dollar levels tomorrow.

We will never know what it will do but if you ask me it may go down once again, if it was going up it would have not stopped, bitcoin price increases do not stop until it reaches its final destination, they usually go up in a steady fashion and not with installments, it means to me that the bitcoin price hit its current max and will go down instead of going further up.

Nevertheless I might be wrong, it may go up too, it is just too difficult to speculate and trade based on what will happen next.

[cryptojac17]

Right now it is at those levels.
It can go to 7.2 thousand dollar levels in 24 hours or it can go down to 6 thousand dollar levels tomorrow.

We will never know what it will do but if you ask me it may go down once again, if it was going up it would have not stopped, bitcoin price increases do not stop until it reaches its final destination, they usually go up in a steady fashion and not with installments, it means to me that the bitcoin price hit its current max and will go down instead of going further up.

Nevertheless I might be wrong, it may go up too, it is just too difficult to speculate and trade based on what will happen next.

Volatility is the main reason why price still at a dangerous situation right now mate, and it might go up when demand became stable. Although its hard to speculate but still lot of holders had a strong faith that all coins with a good community will surge back to much higher and profitable price in the market.

[Luckym7]

If you have a better knowledge about cryptocurrency trading so you must follow support and resistant. When you see market brake down in support so you feel after sometime later it is possible to pumping or if you see resistant brake down so it is possible to dump so you like to feel that is going to dangerous price area.

[traderethereum]

It seems the price stays at a price now and don't go down too thick but I am not sure about this because the price can move at any price in the next few hours. But I think, we are not in the dangerous price area, and I think the price can go to the higher rate in this week or the next month and right now, the price is stable at the position now. The price still up and down in the range $6,5xx-$6,7xx and perhaps it will stay for a long before the price increase. We will see another increase soon, so it is better to prepare.

[Globalbitcoinl]

it is impossible to say for sure that this level is strong or weak, because we have seen many times how bitcoin grew without stopping after a long correction