BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

[yagizpoyraz]

Bitcoin price LIVE: BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week. However, one expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to '$4,500'.

Details:
https://cryptomonster.net/news/bitcoin-price-live-btc-exhausted-at-6k-bottoming-process-could-sink-crypto-to-4k-express.co.uk/index.html

[BitcoinHodler]

where do these people get this stuff from?

"fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard
the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400!

[avikz]

where do these people get this stuff from?

"fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard
the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400!

Lol !! These is how one should write high quality article where people will spend more time to understand the objective of the article. This will increase the pageview timing for that website and in turn increase the traffic ranking.

The fact is technical analysis are made for fully regulated stock market. It holds no significance to a trustless and decentralized currency like bitcoin. Nubes will be worried after reading such articles while experienced will keep calm!!

[jseverson]

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week.

Wait, how exactly is Bitcoin fighting back a tumble after the recent Bithumb hack? The price barely moved lmao.

Also, all the "expert" says in the article is that Bitcoin is down 70% from peak value, and this therefore meant that selling is exhausted, and thus will bottom out. How does that work?

Nothing insightful to see here.

[rosemary4u]

The story is not really accurate and factual as the price of bitcoin  is rather  rising for a while now. From my  experience in crypto, am anticipating that the price will hit $7k in the coming  days.

[Herbys]

Bitcoin price LIVE: BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week. However, one expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to '$4,500'.

Details:
https://cryptomonster.net/news/bitcoin-price-live-btc-exhausted-at-6k-bottoming-process-could-sink-crypto-to-4k-express.co.uk/index.html

Many experts say Bitcoin's production costs 6K, so I think he will not fall below this amount for a long time.

[alyssa85]

Bitcoin price LIVE: BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week. However, one expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to '$4,500'.

Details:
https://cryptomonster.net/news/bitcoin-price-live-btc-exhausted-at-6k-bottoming-process-could-sink-crypto-to-4k-express.co.uk/index.html

The price is at $6732. The hacks are only an issue if you think coins are going to be dumped on the market. However it appears most of the coins stolen are alts not bitcoin.

[dothebeats]

That's big and deep words being used on bitcoin lol. It's been almost a day since the hack was done and so far, there are no major movements toward the negative side of the spectrum, so how would that be a struggle and how would BTC be exhausted at a price range it's been sitting at for nearly 2 weeks? Such reports were also made in February where BTC could face tremendous losses and sink down to $2.5k yet nothing happened, and $5900+ was the bottom of the pit and a rebound to $9.7k happened afterwards. Honestly though, fear-mongering and FUDding won't do too much damage right now as most people are now smart enough to not be swept away by emotions and negative news.

[BrewMaster]

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week.

Wait, how exactly is Bitcoin fighting back a tumble after the recent Bithumb hack? The price barely moved lmao.

i think it is a copy paste issue.
the website is obviously one of those shitty sites that some newbie created to make money from, so it is just copying random things from the internet, changing some words and posting it as news.

and this thing about "struggling and falling" started 2 days ago as the hack news came out. someone was trying to spread FUD in hopes that price falls but failed. but now the shitty clickbait sites are just copying it around

[drwhobox]

Personally i think Bitcoin would not even go at that mark. there are chances but very low. we've reached the dip for the market expected bounce back in September-December range back to 20k Usd mark. Hopefully.

[ggugoienpai]

I do not think bitcoin "bottoming out" will arrive at 4K. Now bitcoin prices are close to mining costs. I think the market will slowly increase after correction.

[olubams]

where do these people get this stuff from?

"fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard
the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400!

Sometimes I wonder how someone would invest his time on something that is not true and still wonder how someone would then spend his own time searching all over the internet for news then bring to the forum the question I usually ask when that happens, to what end. I believe its either to cause panic or to no value sake but unfortunately, aside from the newbies who moved by news like this, its simply just like one the news to most people in the forum and they are not moved by it.

[franky1]

the "bottom" has been tested dozens of times since october.. and $6k seems to be the flatline..
theres been loads of social drama, theres been hacks, theres been fiat finance guru insults theres been many things. but the price has not gone below $6k

by now anyone willing to sell below $6k would have done so already. and those those weak hand selling near $6k have passed thier coins on and the new holders are not gonna sell for less.. aswell as the cost of mining with the hashrate rises since october holding up a healthy underlying value wont sell for les either, otherwise they too would have done so at the many many oppertunities since october.

$6k is appearing to be the bottomline of value.
ignore the $20k peak that only 1% of the community actively were involved in and only lasted a few minutes. dont stand at $20k as if its 'value'/standard/normal/stable to then look down wondering how deep things are.
instead stand at the bottomline value of this year $6k and look up.

 

[CryptoRaymond]

I have heard this several times from last February . But it hasn't gone there. Even it hit nearly $10K last month. So I don't think that it will sink that low. It has a loyal demand in the market. And the demand will hold its value. But if the mining cost drop by four to five times, price can only then decrease, I think.

[Zin-Zang]

Bitcoin price LIVE: BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week. However, one expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to '$4,500'.

Details:
https://cryptomonster.net/news/bitcoin-price-live-btc-exhausted-at-6k-bottoming-process-could-sink-crypto-to-4k-express.co.uk/index.html

If it falls like it did after Nov 2013 boom, then ~$4500 is the right call, actually a few 100 lower, then ~4 years before the next boom.

[bobo012]

Bitcoin is really a wait and win game, those who cant wait long enough will fail. We will see real numbers in two to four years. I expect 50k by 2022, per bitcoin

[pooya87]

despite what certain people wish, the chances of price going lower than $6k is extremely small at this point. we have already tested breaking that resistance multiple times and once in the past during the peak of the panic sells we even saw $5900 but it did not last more than an hour.

additionally  with the recent $30 million exchange hack and the fact that price did not move at all proves that market is not ready for a drop anymore. i presume there is a serious accumulation going on which is buying bitcoin these days.

[Gogochen]

I don't think bitcoin will reach 4K, and I'm still at the bottom of it.
Since most people are starting to feel desperate, it's a positive sign.

[Meysa_richa]

If the bitcoin price drops for the 4k price I think that's good for me, and I'll wait for the price to buy some bitcoins I want to have.

[Slow death]

Bitcoin price LIVE: BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week. However, one expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to '$4,500'.

this article is talking about bitcoin as if bitcoin was a zombie that needs some ritual to resuscitate and to return to breathe. This is because there are so many news channels that are focusing on the price of bitcoin that even I see many people getting paranoid and very anxious to reverse this bearish trend. unfortunately I doubt the year will end with the price is more than $ 10,000. This is because I do not see so many great news capable of creating a lot of demand... we have had so many bad news and the price has fallen every month that has already become something normal

where do these people get this stuff from?

"fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard
the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400!

they are pushing hard for the price to fall, because they believe that when the price falls a lot that comes next is a big increase