Will Bitcoin go below 6K?

[cryptomadu]

Your loss is their gain!

In every market, this is the truth.

When we have a look at the charts there is a possibility that BTC can go below your predicted level. My expectation is around $5000 for BTC if it goes further down.

[sushizhe]

Yes, I think the lowest price point for BTC is 5200. You may consider buying Bitcoin at 5200-5400. Because it will start to rise soon.

[skylar]

Yes, I think the lowest price point for BTC is 5200. You may consider buying Bitcoin at 5200-5400. Because it will start to rise soon.

I hope that number will not come to BTC price, it is still stable at 6k level and I hope that it will not down to the 5k level. Many people and news says that it will be 5k, so let see how it goes on Q3 this year. If BTC can make it stable arround 6k or more it will be great for Q4 and the next years.

[xlm19877]

The cost of bitcoin has demonstrated a major diminishing over the most recent 24 hours, and it is going $6k now. I figure it can go lower than 6k, however for me, it would be only a decent purchasing opportunity.

[LickKing]

Bitcoin has recently seen new lows every month! I once thought that bitcoin had a strong rebound at 7000$. The result proved that our small investors could not change this downward trend! If there is no large amount of money to take over the market now, then its price is likely to be less than 6K!

[anjuara29]

I think this probably could happen. Because from last few months we are seeing that BTC price is continuously going down. If BTC price goes below $6k then it is not surprising at all. But I am hopeful that nearly or surly BTC price will increase. And I think in the last of this year 2018 BTC price will go up. So let's see what will happen.

[nazzzario]

6077 today, in red, I'm afraid it will

[vitbozhko1]

C бoльшим интepecoм выcлyшaл мнeниe oднoгo экcпepтa o тoм, чтo cтoимocть мaйнингa oднoгo биткoинa oкoлo 5000$
Иcxoдя из этoгo, oн нe мoжeт cтoить мeньшe. A кaк xoчeтcя нaдeятьcя, чтo нижe 6К нe yпaдeт.
Cooтвeтcтвeннo, ни кaкиx пpeдпocылoк для pocтa aльтoв нeт.И, бoюcь, чтo oчeнь мнoгиe из aльтoв вooбщe cocкaмятcя.

[detector]

Yes, I think the lowest price point for BTC is 5200. You may consider buying Bitcoin at 5200-5400. Because it will start to rise soon.

Yes, it may possible to happen but for now I believe that bitcoin will still stable on $ 6000 for this month.
But if we heard any bad news such as hacking attempt once again, I'm pretty sure that bitcoin downtrend will be more extreme !

[kolinasnum]

I think there is still a big possibility that the price of bitcoin can go under $6000. But I don't think that this period will go on like this for a very long time.

[fanBit101]

That's a possibility, but I'm not trading with this trend. I think the latest change is just enough for bitcoin to reproduce the balance of value as well as the new popularity. Therefore, the trend that I think bitcoin drops below $ 5k is very unlikely.

[Cmoh]

It has already gone below $6k and also revives above it. But, by looking at the market situation it is elaborate that the Bitcoin price must go below $5,000 and whole year will remain sluggish and the actual bull will come in next year.

[winterland]

There are 2 types of whales!
Those that ride the market and sell a few a coins occasionally and whales that are working with others to manipulate this market. Those that manipulate are smart and work with entities that provide no paper trail. They can make money in a bear or a bull market!
My opinion is the market will go down based on my research!
My opinion might change if a white knight whale comes into play and pushes the market over 7777USD!
There is one (maybe cartel) trying but all attempts are being squashed by the bear camp! The bears could be overpowered...wait and see.
If you are a retail investor you are a sitting duck if you have chosen the wrong direction.
Your loss is their gain!

Taking into consideration all factors it seems the price is going to maintain itself for some time but in the next months it is possible that it goes down even further, however while I think that whales are influential in the market their influence is not as big as many people make it out to be, a whale is not going try to push the price up alone since going against the market is a move that will cost them money and will not bring them any gain.

[duoleduo]

The lowest price is now 5800 US dollars, I think bitcoin will continue to decline, the minimum is 5200 This is my opinion.

[nemagia]

It is possible to say with certainty what will happen, it is already lower and ahead there is at least a month bearish trend. So be patient and do not panic with even greater losses.

[thepanicpoint]

It went below 6k unfortunately, 6k was very strong support but price saw 5750 dollar, I hope something happen soon and market volume increases, otherwise this drops will continue.

[Q2kc]

There are 2 types of whales!
Those that ride the market and sell a few a coins occasionally and whales that are working with others to manipulate this market. Those that manipulate are smart and work with entities that provide no paper trail. They can make money in a bear or a bull market!

I agree with you, some group of whales is manipulating the market my guess is also the miners are doing these market manipulation if the bitcoin is down they can profit more same as the whales, my prediction this year is that BTC will go down to $4000 and after that maybe we can see a bullrun after

[CryptoGuro1]

I guess your question has been answered yesterday hasnt it? Was always going to happen, Needs to go down to 5k before we find some real support

[jamesashmore1964]

The lowest price is now 5800 US dollars, I think bitcoin will continue to decline, the minimum is 5200 This is my opinion.

You might be right: Your statement has its merits!

[cheezcarls]

There are 2 types of whales!
Those that ride the market and sell a few a coins occasionally and whales that are working with others to manipulate this market. Those that manipulate are smart and work with entities that provide no paper trail. They can make money in a bear or a bull market!
My opinion is the market will go down based on my research!
My opinion might change if a white knight whale comes into play and pushes the market over 7777USD!
There is one (maybe cartel) trying but all attempts are being squashed by the bear camp! The bears could be overpowered...wait and see.
If you are a retail investor you are a sitting duck if you have chosen the wrong direction.
Your loss is their gain!

As of now, we are on a bearish trend and below $6k too. I believe that the next support level would be around $5,300. In the news that I have just read, one bullish trader claims that the market may go down again in the next couple of weeks. However, I would not count on that yet as there is a strong support level in the $5,800 zone. It's too unpredictable right now to guess if we go up or down, but this could be interesting. Cheers!