Bitcoin goes to $5,900....

[STT]

I think its likely to first rest at 6100 area even if negative from here.    I think more likely is that it goes up first and confirms the previous pricing as a ceiling, that gives more confidence to the bears to sell or even add shorts to bring it down and gain themselves a profit.   Shorts tends to be very cautious about getting trapped in a rising price so they'll hop onto resistance as a good launch point for negativeity and a failure to rise through it could help their case.



BTC can spike up quite easily so I believe they might wait momemtarily for 6,500 to at least be nearby before opting to take a negative view with borrowed money/btc.   Generally I see this action as negative so long as we remain below that blue line

The most optimistic view I've heard is we are just tracking sideways while we wait to break through 6800, this is the most important place to switch sides and go positive if you see the market mount this price hurdle

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[KenChanYu]

I think its likely to first rest at 6100 area even if negative from here.    I think more likely is that it goes up first and confirms the previous pricing as a ceiling, that gives more confidence to the bears to sell or even add shorts to bring it down and gain themselves a profit.   Shorts tends to be very cautious about getting trapped in a rising price so they'll hop onto resistance as a good launch point for negativeity and a failure to rise through it could help their case.



BTC can spike up quite easily so I believe they might wait momemtarily for 6,500 to at least be nearby before opting to take a negative view with borrowed money/btc.   Generally I see this action as negative so long as we remain below that blue line

The most optimistic view I've heard is we are just tracking sideways while we wait to break through 6800, this is the most important place to switch sides and go positive if you see the market mount this price hurdle

The wild swing of the market is a normal trend. Market has its ups and downs due to supply and demand or other considerable factors. It highly-volatile and is seemingly hard to control. But this should not be taken into advantage to cause panic. Market will bounce back anytime soon, we just need to stay patient, positive, and strategic on how to manage risks and deal constant market movement.

[MiXxe]

It seems that bitcoin is getting lower and lower as time goes by. We are in a terrible situation  nowadays. But many are still watching over it and keep on saying that there is a recovery time for bitcoin. It may last until the last part of the 3rd quarter but I think the long wait is worth it. I may somehow feel upset and frustrated but still, I'd like to take the risk.

[The Sceptical Chymist]

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

Well, hitting $20k was pretty much that.  A crazy bull run would be another way to put it.

Having said that, I was fairly certain it wasn't going to last long.  Anytime prices go insane like that and rise as fast and as high as bitcoin did, people do what they've always done--they cash out and take their profits off the table.  It happens in stocks, bonds, metals, and I suspect everything else you can buy and sell.  And what happens when either a lot of people or a small number of very wealthy people sell all at once?  The price plummets.  I'm just glad bitcoin didn't drop even further than it did.  That should tell you that there are still plenty of people still supporting it, and it'll probably rebound to $20k and then go higher.  The question none of us can answer is when.

[tbterryboy]

Again Bitcoin going to $5,900. Now it is $6300 after falling from $6,700

Yeah friend, the current price is 6300 dollar for one Bitcoin and not 5900 dollar means that this thread is wrong or it is a prediction that the value would falls at 5900 dollar so this is fine then. Furthermore about the price predictions we can not say anything but I will explain what the expert opinion is right now which is pointing towards price more than 30k dollar in the next 7 months.

[Soots]

Again Bitcoin going to $5,900. Now it is $6300 after falling from $6,700

Yeah friend, the current price is 6300 dollar for one Bitcoin and not 5900 dollar means that this thread is wrong or it is a prediction that the value would falls at 5900 dollar so this is fine then. Furthermore about the price predictions we can not say anything but I will explain what the expert opinion is right now which is pointing towards price more than 30k dollar in the next 7 months.

Right now mates, those prices mentioned here was now surpassed with the current value of $7300. This was now pumping and had minimal fluctuations, and I've observed more buyer were waiting for those who sell their holdings. The biddings arises so far and hopefully the price will increase as demand goes higher, so we'll be able to reach our expectations for the upcoming bull run.

[Eleven86]

Yes sure today it crosses more than that, bitcoin price starts to pump many bitcoin holders are now ready to sell but this is not good time. The price will increase more and more in future. Till that you have to wait then the profit will be more than you invest. The market starts to recover hereafter the price will increase. Some fluctuations may happen but it will not affect the growth of the bitcoin.