Bitcoin goes to $5,900....

[Vanhoang2000]

I hope the bitcoin gets hooked on $ 7000 for the end of this month

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[Saitteld]

hey, maybe this will be just a double bottom and than this double bottom we'll should moon again!
otherwise yeah, we're fucked! whales take down the market! I not know what to do... this is a really bad situation.

[darkangel11]

It's now lower than $6000. I think tomorrow will continue to decline drastically. This time, we may break through $5000 quickly, do not hold altcoin, it will lose everything.

Where? It's 6075 on Bitfinex, which is probably the best indicator. 6160 on Coinbase.
It can be lower if you're trading on a small exchange with low volume and someone overreacts, but such exchanges don't influence the charts, it's the other way round.
How can we believe your predictions if you can't even read the price properly?

[supermine]

Will the btc market pick up in early July?

You buy Bitcoin at $400 and the price goes to $800 you earn 100% profit by risking $400 only. I don't think people will buy Bitcoin at $2,000 when it is high risk speculative asset.

We no need to buy X number of bitcoins we can actually buy 0.00X number of of bitcoin according to how much capital amount we have and then we also can make same profits as well so the profits depends on the investment capital not on the number of bitcoins we are buying.

And we can apply the same scenario again buy the bitcoins at $6140 and sell them when it reaches $10K or even more in near future so still it is profitable to invest.

[JerryJam]

The fall and rise of the price is a characteristic feature of the cryptocurrency. Price correction is a normal process for cryptocurrency.Most markets that have weathered the crisis quite successfully today protsvetayut.And now the technologies that were developed at the beginning of the zero are used.Despite the existing problems, there is no need to panic.

[Heavens Gate]

it will not always be like this. Thee time of climb is around the corner and the coins will revive. Just some time.

[Doell]

Not sure sir you have to analyze it more mature once again and there may be something wrong with your judgment ,now the bitcoin price is still above 6100 and it has not gone down to 5900 sorry but I say your mistaken sir

[ahmad21]

Dream run over? Whoever said there was such thing as a "dream run"?

Also, so what if bitcoin might go back down to $5900? Bitcoin has been volatile ever since, and it will continue to be volatile for a long long time. This is definitely nothing new if you've been in the cryptocurrency space for at least a year.

Oh. Wait. It's you again.

Yep the ones who have been in the crypto space from a very long time really know how volatile bitcoin is and how frequently does its value fluctuate from 0-100 in no time!

So this is not a new thing for the market, in fact such kinda market behavior has been observed in the market earlier as well!

What I think this is the right time for people to buy and invest in bitcoins. Because the price right now is facing an extreme correction period. It may rise in near future...just hoping for the best!

[uncleduckerr]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

Ever heard of double bottom?

Also, it's a long term investment. People were treating it as such for many years. Short term price doesn't matter as long as there's a recovery at some point. If we go below the entry point of Japan and Korea, which is somewhere around 4000 USD you can start worrying, but for now it's all fine.

I have yes, and to me it appears as we are at a triple bottom with the 6k line. But please tell me why is 4k the spot where we should freak out? Was there a ton of entries at that point? And where could I see this data if true. Please and thank you!

[Mekmbem]

yes it's true the price of biotechin fell today to $ 5000 whatever happened for a moment, I see the green market and I hope the market soon recovered but what is happening on the market today make me shake my head

[Indamuck]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

zzzzz...... this is nothing new.  Go back and look at past charts,  This crash still hasn't reached original MT GOX levels yet.  The price right now is concerning for many miners I know.  They are at a point where they are barely breaking even.

[AK47-]

Bitcoin is hopefully gonna revert back from this support zone. $5900 got enough buy volume to stop Bitcoin from dipping further. Bears are gonna exhaust at this level. But the fact remains is whether market can turn up to bullish reversal anytime soon. With such a market manipulation and lack of volume, I doubt if institutional investors are ready to put in their money in cryptocurrencies. Market needs volume to show any uptrend in future. With a transition from hodlers to speculators, market is expected to suffer with lack of volume.

[iram3130]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

zzzzz...... this is nothing new.  Go back and look at past charts,  This crash still hasn't reached original MT GOX levels yet.  The price right now is concerning for many miners I know.  They are at a point where they are barely breaking even.

Thats also my major concern. Miners are hardly making any profit and on that there are no new miners getting into Bitcoin. Most of the new miners are getting into either Zcash or ETH.

I feel the fluctuations are normal. Indian market got hit yesterday and the price was near to 5600-5700$ which is still there.

[Tylev]

Nothing terrible will happen if bitcoin temporarily falls to $ 5,900 in its price. This fall is attributed to the breaking of the South Korean exchange Bithumb, where a few days ago it was abducted crypto-currencies for 31.5 million dollars. Usually, after such news, the crypto currency market does not fall for long. In a week, bitcoin and all the crypto currency will again grow, so do not panic.

[markleal]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

Hi there First77! Have you recently read or hear the #00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a? If not so I think that is the reason why most of the people in the last two or three days have panicked and sell a huge amount of their possessions. Some say, the bitcoin system has been cracked by a quantum computer by a bunch of hackers, while other said that Satoshi could have been around and create something. While most of the people are afraid of the news, other see it possitively.  If you have seen that the sentiment of the people will about to sell, it is really better to sell ahead of time, why? so that you could buy when the price seems to go up again. It is a trading strategy.

[bocyaj]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

But still now the price of bitcoin not reduce below 6000$.Actually for this reason hacking in past day is reason.It may reduce the investors percentage of investments in bitcoin.If the price of bitcoin reduce below 6000$,don't worry it will start to raise again in few days.

[jagdeepjd]

This is the second time Bitcoin will go to $5,900 this year. Now it is $6,140. Dream run over ??

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

Honestly this was expected and many were wanting this to happen as because as per the technical analysis almost all the experts(so called)i have known they said to have strong comeback of bitcoin we need to hit the low of 6k or even below 6k. And that is what we are witnessing so hold your nerves and keep your belief in bitcoin it will shine again for sure.

[Catch-22]

Long term holders who panicked are in for a big shock. They sold too early. Should’ve waited a for few more months. Well, maybe they have some valid reason or an urgent need for the money.

[walemil]

Please where did you read that the majority of the people dropping bitcoin presently are the long time holders? Any reliable link source as a proof? This kind of fall in price is not unusual, considering the recent falls. The price will still rise.

[2fresh]

Every dip you have people saying the same old boring thing, just sell and get out if you can't handle this pattern.