Will Bitcoin go below 6K?

[Appuned]

Sure, bitcoin may go below 6000, since the mood in crypto society is not the best now, many investors are pessimistic because the SEC is in no hurry to launch ETF.

This's true and $ 5.000 is the lowest value for bitcoin if the decline occurs prolonged. But we don't need to be pessimistic, because by itself the price of bitcoin's sure to continue to increase even for a moment and slowly.

I think so. The mining cost of average miners is around $6000 now. The price might not drop too much.

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[acmrl]

We cant say exact things but I expect 5600-5700 maybe 5250 for dip prices of bitcoin, 6k dollar is not dip but maybe I'm wrong and btc maybe not fall under 6k dollar we will see in few months.

[kniheant2]

 if the rate of bitkoin falls below 6k, it will not be for long and will quickly recover. I believe that now bitkoin is at its lowest price for the current period, and I confidently expect strong growth by the end of the year. I believe that bitkoin will return the price of 2k by the end of the year,once bitcoin etf acceped.

[juraangel]

it is theoretically possible that Bitcoin will fall below 6000. It's interesting, how soon will it return to its peak value?

[thefaucetrunner]

it is reasonable enough for bitcoin to fall into $5k before the recover time comes in the end of 2018. we know that anything can be happened in cryptocurrency, especially pump and dump scheme in bitcoin price. if it happened, i think it will be good time for me to add my investment in bitcoin, so why should i afraid facing this falling situation? making any situation as positive movement will eliminate your stress, because i used to invest with long term period.

[yonnymen]

Lots of support at the 5k area. That is where I will be buying if it gets there.

[rajsunil]

Last week bitcoin price dropped to $5985.The price of Bitcoin currently is $ 6319.Now the price of Bitcoin is decreasing again.I think the price of Bitcoin this week will drop to $ 5700.It is good to hold the price of bitcoin down.By the end of this month, the price of Bitcoin will start to increase.

[28days_ever]

No, this market is being supported at the moment with Big Green Candles!
Breaking 7K is now in play!

With such intensity, it can go lower if the level 6k breaks through. You see which discharges are the second day and there is no recovery of the market.

[kovaa]

Many analysts say that bitcoin should drop to 4000 dollars. And only after such a strong fall, it is possible to start a good growth. But we should not panic. I think the best ways to save money in this term are, keeping holding or trying to make buying when the prices are low enough.

[lamadu3]

No, this market is being supported at the moment with Big Green Candles!
Breaking 7K is now in play!

The price of bitcoin is still following a bad way on the markets. I think it can make the altcoins prices better in the future, but for now, I think it can go under 6k or a price which is more lower than $5500.

As I think, the lowest point can be 5.800 USD. If it starts going down, the market crisis will come, and the situation will be worse than now. I hope, Bitcoin will stand in this battle.

[passwordnow]

Bitcoin will not be allowed to sink below $ 5,500. this is the most convenient price for purchasing)

$5,500 is low and that can be the bottom for this year but AFAIK we won't be back there.

As the result of ETF will come tomorrow it will definitely make a good jump for the price.

[bird17]

I think no one left any doubt that the price would drop below $ 6,000. I think in September-October we will see the price of $ 5000

[Milamol]

There is such a probability distribution for the near future (this year) possible prices for BTC:
0.3, below 6K will not decrease, and hence there will be a turn in the uptrend;
0.6, there will be a drop to 4K, from where there will be a turn;
0.1, the price will fall to 2K (or the level is even lower), where the reversal and uptrend occur.

[TommyB2018]

I can see us going sub 5k if Etfs are all declined

[gayletot]

for me the decrease of btc at 6000 $ is also a good result. it is the investor who can invest in low prices. but there is also a need for it. because when the btc's presidency is down, this is the biggest loser of btc investors. so my advice is that while the price of btc is low then it will invest. and to my btc holders it's better to hold us first.

[denulh]

I think no one left any doubt that the price would drop below $ 6,000. I think in September-October we will see the price of $ 5000

it is possible if the market keep going down like this in next couple weeks, if  not thing can change the amount of crypto's volume in next couple weeks, surely BTC will be dumped below 5k$, i am waiting for any good news from the market to start buying BTC when it can finally recover from the drops.

[jay sd]

I read an article today about the possibilities of breaking $6000 down side if the ETF approval on tomorrow get rejected. I don't know what will happen with that. The OP is correct. Recently the BTC is at its support level.

[Asherith00]

I think no till now bitcoin still at 6k and it slowly go up but if that happen many coin will get affected and also crypto market i guess the price of all coins will go down but good news to all investors they can save more both alts and bitcoin.

[Badboy45]

Some of my friends are saying we can go as low as 5k before the bear ends, but if i listened to everything then I wouldn't have a mind of my own. Truth is nobody knows

[South Park]

No, this market is being supported at the moment with Big Green Candles!
Breaking 7K is now in play!

The price has gone down below the 6000 mark sometimes but it always recovers, and those prices do not last more than a few days, if the decision of the SEC is negative it is very likely we are going to see a price below those levels again and this could last a little bit longer but eventually like always the price will recover, if that happens then take advantage of it since that could be the last time we see those prices.