Drop of over $500 on the price of a bitcoin last 24 hours

[covfefe_]

With mixed sort of news coming, bitcoin fell sharply last 24 hour breaking all the so called resistance point of 6500 and 6300 to reach around $6K.
Where next? Below $5K or rise back to $10K?

[knuckey]

not all predictions and willingness can be achieved, sometimes not in accordance with our expectations. the market is very sensitive, everyone is worried and maybe investors are hesitant to enter the market today. the downtrend or bear market continues and I'm sure the market will not stabilize in the near future.

[bunny0612]

It will be probably caused by some efforts of large-scale investors to manipulate .Through the futures market, institutional investors and large-scale retail traders manipulated the market to cash out short contracts by purchasing and selling massive amounts of Bitcoin in a correlated manner. Market is hard to predict, everyone is expecting a strong recovery from the market.

[Nolimitz84]

It is difficult to give any forecasts about the course.I hope he will recover.Let's not panic. let's wait a little.

[doraemon_33766]

It is really hard to predict this market. Anything can happen in the next instance. But I really hope that the price will not go below $6k and will start recovering soon.

[batang_bitcoin]

With mixed sort of news coming, bitcoin fell sharply last 24 hour breaking all the so called resistance point of 6500 and 6300 to reach around $6K.

$17B gone on the total crypto market cap.

Where next? Below $5K or rise back to $10K?

Gladly it stayed on $6,000 and I wasn't able to see $5,900 but some price tracker put that mark for bitcoin's price. We have to be positive that the next price will be back to $10,000 as soon as possible.

[marn6767]

the upward trend will not start. It started to look like a dick and the market started to fall. If so, most investors seem to quit investing in crypto money money and go away

[yhoga45]

Is world cup this year can affect Bitcoin or cryptocurrency price? I know Bitcoin price is still unstable which I thought that a few days ago was the cheapest price but my speculation was wrong.

[Haunebu]

With mixed sort of news coming, bitcoin fell sharply last 24 hour breaking all the so called resistance point of 6500 and 6300 to reach around $6K.

$17B gone on the total crypto market cap.

Where next? Below $5K or rise back to $10K?

Gladly it stayed on $6,000 and I wasn't able to see $5,900 but some price tracker put that mark for bitcoin's price. We have to be positive that the next price will be back to $10,000 as soon as possible.

Sad to see this drastic drop in the market cap. I think Bitcoin might fall even further and will begin recovering by the end of July and will start an insane rally sometime in August. This is simply my gut feeling and I don't base these predictions on any sort of analysis whatsoever. We all are aware of the risks involved with this cryptocurrency market due to its extreme volatility. In such bear market conditions, I suggest going out and taking a breather since watching the charts and trying to predict what will happen next won't help much in this market.

[annstasia009]

Now the market for correction and therefore you can not worry about the fact that the price of BTC falls but hope that after a while everything will adjust and go up

[8count]

It's a hard one to predict these days. I thought leading into the end of June, the start of July we would see a bull run, but it's not looking that way. Lucky i'm here for the long haul or I might be stressing out by now. To be honest I see lots of positive news most days how blockchain is being used around the world, so it's only a matter of time before the price heads north again.

[OluwaTosin10]

Is world cup this year can affect Bitcoin or cryptocurrency price? I know Bitcoin price is still unstable which I thought that a few days ago was the cheapest price but my speculation was wrong.

I do not think it is worldcup, i think the speculation surrounding coinbase lately, the fraud activity on some exchanges announced. The murder attempt on mccafee and more other negative news which has baulked the trend and forced people to dump naively

Every price will pump up soon and we just have to hodl and biy the dip if we can afford it.
Thats all i guess.

[Cynooza]

Is world cup this year can affect Bitcoin or cryptocurrency price? I know Bitcoin price is still unstable which I thought that a few days ago was the cheapest price but my speculation was wrong.

I don't think World Cup has anything to do with it. Yes, it steals a fair share of attention from crypto, but in terms of money flow it doens't affect crypto.

[CryptoTamer]

With mixed sort of news coming, bitcoin fell sharply last 24 hour breaking all the so called resistance point of 6500 and 6300 to reach around $6K.
Where next? Below $5K or rise back to $10K?

the current situation is bad, maybe the price of Bitcoin will fall to $ 5.8K and I hope there is strong support at that price

Is world cup this year can affect Bitcoin or cryptocurrency price? I know Bitcoin price is still unstable which I thought that a few days ago was the cheapest price but my speculation was wrong.

Maybe it could affect the use case of Crypto for betting, hotel payments, booze, etc. I think the use case of crypto will grow during the world cup but, I doubt it could affect the price drastically

[KevenDabid]

That's not good news.
In my opinion, the price of bitcoin will fluctuate in the range of 6K to 7K in the future, because there will be a lot of people who choose to sell tokens through repeated fluctuations in the range.

[fransxavariustintin]

No one can estimate bitcoin prices with certainty, everyone can only assume with the current market conditions are down, I think this is a good opportunity to buy bitcoin, because I believe Bitcoin will increase in the future.

[patykuprova]

With mixed sort of news coming, bitcoin fell sharply last 24 hour breaking all the so called resistance point of 6500 and 6300 to reach around $6K.
Where next? Below $5K or rise back to $10K?

Hi, I think the bitcoin will continue deeply drop to 5500$. The market cap remains only ~billion 255$ now! We need to wait at the end of this year to recover the market!

[zeze18]

With mixed sort of news coming, bitcoin fell sharply last 24 hour breaking all the so called resistance point of 6500 and 6300 to reach around $6K.
Where next? Below $5K or rise back to $10K?

Famouse prediction is this year low will be 6k and high 60k.
It was below 6k for a while, then bounce back to 6,1k. I hope this is the last low and bullish in the upcoming weeks.

[Yudhisthir]

Technical analysis don't work. At least for cryptocurrency, it don't. Though most of the price changes are speculations. Some are emotionally inspired while some are driven by large investors.

[IgorShumilo]

Guys, it's okay, let's not panic, now the time is coming when technology develops and evolves and regulators of different countries try to find an adequate way to regulate this market (states that are negatively disposed of in bitcoin's very little).
We can not say how long this will last, but the crypto-currencies are not going anywhere in our lives, they came here seriously and for a long time!