why is Bitcoin moving down these days. Should we think its moving out of the market soon? pass out your veiws.
in my view this is just a temporary situation since the price goes down to 5k value last few days. 'cause it already made a small pump back to the final bottom price which is 6k. So perhaps this fluctuation of price again is just a correction before it continue to surge , so be prepared and put more patience instead of worrying about this fluctuation.
To be honest, you can not know if $6000 is the bottom, unless you own some awesome magic crystal ball.
I wouldn't be surprised if we see attempts to push the price down to 5k and below. Even if it should be just for a few hours.
I also could imagine to range in the 5k areal for a few months, as big guys and institutions would be dumb not to take advantage of this market right now and accumulate as much coins as possible. They all know that in less than 2 years the daily supply of new coins gets cut in half again. So now is the time the will buy and suppress the price as long as possible.
