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

[chanc3r]

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?

As long as the bitcoin will not break another resistance below $6k and i think that there will be another chance for bitcoin to increase again. It looks like the bitcoin will be so easy to break the resistance but remember this depends on the bitcoin trend itself. If you are seeing the whales has been creating FOMO and the pump will have started.

[VitKoyn]

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?

It normally happens since the huge drop in price last december and the start of this year happened, it will recover a bit and will drop again and same thing is happening all over again. But I'm not worried because as a trader, I can still make money from this kind of market condition. Below 5k or back to 10k usd? Honestly no one can give you an answer to that since cryptocurrency market is pure speculation and there are still no studies that can prove that price can be predicted by an analysis. We have seen Bitcoin price go up to almost 10k usd, and we can still expect that it can still recover, so why not just buy the dip? 

[ccsang]

It's hard to predict bitcoin price right now because market still unstable, maybe bitcoin price will drop below $5K or also have chance rise to $10K, I don't think FIFA 2018 will affected cryptocurrencies market price, I only knew that Bitcoin price will affected altcoin price, Bitcoin is still young and the price is always changing, so things sometimes happen that nobody can predict, remember never invest more than you can afford to lose

[Lampaster]

I have no fear of further price drops. This quality in bitcoin annoys me but I'm already used to it. Sometimes I even make money on volatility. But trading on the stock exchange is not my main income. I have long since returned all the money invested in bitcoin so I can afford to keep calm in any conditions.

[miyaka26]

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?

It was pretty messed up right now, bloody markets this month as the large dumps take from $7600 to $6700 then followed by this one which is fluctuating around $6000 to $5900, I thought it will stabilize to $7000 as some people are saying it will take a huge upwards this June but the opposite was bound to happen, well it is not the end of June but we should not fully expect from unpredictable market to turn the exact things.

[ballerin and giroud]

I see more descending again than going up, seeing the trend at the end of this week cryptocurrency market is filled with negative news and make bitcoin prices weaken. Yes maybe the bitcoin price will be going down to the 5k price in the next few hours, this will make the user panic and sell bitcoin. If the negative news coming to cryptocurrency is a hacked exchange this will make the price increase will take a long time, to make investors believe back to cryptocurrency.

[haroldtee]

It actually pinned it a little below $6k but some little wick with nothing so interesting as there was no volume on bounce and apparently, this market is set to go lower except a miracle happens.
A downward channel has formed tracing from 5th of May when we had the test towards $10k, and with that, I presume the next test should be around $5500 and possibly a bit downward before another possible bear flag formation or a bounce. Time will tell though which one plays out but in summary, with the sell volume, this is going to be a long one to the downside.

[eaglewhite80]

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?

Rise back to $10k? Not yet bro! At least, nothing depicts that yet as the bears sure shows they are strictly in control and maybe the bulls are just somewhere waiting for the best moment to strike back but does not look like any time yet. In that case, I see us going lower than $6,000 but how low is what we will get to see with time.

[Binauf]

First mindset should be investment so don't look at now but the future, the market will still be stable but is all about time

[dele4]

yes it is currently the price of coins are down and down. not just bitcoin, ethereum is in decline. and perhaps many investors are not willing to enter the market for now. yes as we know this is a risk that must be accepted if investing in the world of crypto. I am sure the market will not be stable in the near future.

[batang_bitcoin]

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.

Everyone has been dismayed to see this drop but if you are also aware that this can be the time to stock more bitcoin on your stash, you don't have to think about it. This fall has been long since the beginning of this year and you want more of it, please stop that's too much already. We have more hopes for the next months to come and I've read some TA's but I don't trust them that says the same thing that by the end of July up to the next months we should expect some recovery.

[oho]

This is a test for investors! The weak hands continue to be thrown out of the market! You just have to wait! Growth will be! Question when ?!Do not panic!

[qazgroup]

This drop clearly suggest that bears are still dominant in the market and their are no significant signs of reversal or bulls yet which everyone is eagerly waiting for looks loke market will clear all panic sellers and weak hands before starting its next upward wave.

[kulsuma]

I don't think the price will go below 6k and gradually the price is going to be increased.

[gela888gela]

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?

Of course it is difficult to predict what will happen next with the price of bitcoin and other crypto. Of course hope will be different, some expect to rise or fall, but hope sometimes does not come with us, and certainly must be prepared and not panic with the worst possible. I hope the market price will quickly recover.

[masterchief001]

The price of bitcoin has been decreasing continuously over time. I started worrying it was half lower than when I bought them. But I kept persistently waiting for the price to rise. Since I do not buy bitcoin anymore, I will switch to investing to buy ETH to try my luck.

[TastyChillySauce00]

yes it is currently the price of coins are down and down. not just bitcoin, ethereum is in decline. and perhaps many investors are not willing to enter the market for now. yes as we know this is a risk that must be accepted if investing in the world of crypto. I am sure the market will not be stable in the near future.

The only reason that makes ethereum declining its price is bitcoin, you see, the price movement is exactly the same as bitcoin meaning that people still think that Ethereum is not totally independent to bitcoin and I'm pretty sure that panic seller started to cash out to btc when they see the price of btc going down.
I don't know when this bearish market will be ended but I just hope that when it ends the price is just not too low that it took so much time to just recover.

[salinaangel]

Yes, it is true that the BTC price has fallen again. But I hope that it will not go below $5000 USD. Moreover I also believe that the price will rise up now and it will be stable within the end of this year.

[Akselrod]

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?

I think that the market will turn in early July. A lot of positive news is ahead and this fall is planned. Closing of semi-annual futures, opening of the exchange from NASDAQ. I think that the turn will be sharp, and everyone will be afraid to buy.

[dele4]

many also in bitcointalk discussion forums that complain about this problem. yes of course this is a risk that we must face when starting to invest in krypto market. the positive is that we can start buying more coins at a low price in order to get the maximum profit when the price back up. with a lot of coins will also make the price back stable even though it must wait long enough.