Just Hanging On

[michellee]

I think this dip made many people shocked because they don't think to see the price was going down too deep. The price itself still trying to increase although it's slowly and still on the way to go back to the price before. Maybe it will need a few days to go to the price before, but I am sure that soon, the price will reach the price before and it will increase higher more than before. But it will need time before it can increase higher as we know that the market cannot be predicted.

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[logicgate]

Is it still wise to buy now?

Let us get real. It is scary.
That fast paced pump is really something that cannot be ignored by any crypto currency follower.
It is almost like the same as before and investing with it will have a higher risk that it was 3 months ago with slow movements.

I dont think I am buying now. I've got enough. (although I really want more) Maybe I will wait for now.

 No for me it is not scary but it is good chance to make our future, when it is at low price we get the chance to earn more than we earn from higher price, it is time when all of yes should have patience and hold, if you will not buy now I am sure you will be sad tomorrow when so many people will become rich an become proud for buying crypto currency at current market.

[WinslowIII]

Hodling and buying, back into the $5ks probably. I would have shorted but I don't play around with something that's going up exponentionally in the coming years.

[exstasie]

It Bitcoin bottoms at $6,600 or higher we can retain the parabolic curve and the current trend can resume. Things are definitely looking pretty bearish now but the trend isn't necessarily broken yet.

If we go below $6,600 then it's probably going to take a while (maybe a couple months) for the correction to complete, and probably looking for low $5,000s in the area of the last weekly support zone.

[guoyu78]

Well I think buying now and before have differences but of course buying bitcoin a great thing we can do before the new ATH coming. Market is so volatile so don't panic if we see that the price fall a little bit. I believe that bitcoin price will boom again.

I'm also thinking about buying some bitcoins because I see the price is going to 10,000$ soon.
It's time to be patient and wait bitcoin skyrocket. Glad that bitcoin continues rewarding us so nicely after a hard bear market. I confess I was disappointed with crypto currency, but now it's getting better again. To the moon!!!

Your expectation will be possible soon because sudden pump also occur at anytime. I think this is the right time to invest on Bitcoin because then only going to moon. Bitcoin is the only leader of crypto market so once it is going to moon automatically most of the altcoins also follow the same way. May be this month will reach unexpected hype on Bitcoin.

Maybe if people already sure bitcoin price can be increased again, it is ok to buy it. But always prepare loss management and make target to take profit. Because any price can happen in future.

The only price I see for the future now is the ATH price that is higher than the previous one, and I think we will continue to hold till bitcoin moon and get to the peak, except for a trader who is interested in taking profit and buying back at dip, but at this point now, I can boldly tell you that it’s becoming too risky to pull out now because any surprise visit of bull run could happen anytime soon, most especially around $10k, that is the value I am really suspecting to be like 2017, when bitcoin started shooting nonstop from $7k +. This time around, I think it will start from $10k + if we can have FOMO around this value.

[Herbert2020]

Not sure how long this correction continues, could this movement Bitcoin going beneath $6k? Perhaps it was normal, however don't like this bearish pattern. The ongoing BTC moves leaves this price in a terrible shape. Since every buyer needs a seller, keep buying.

no there is no reason to go below $7500 and as we saw yesterday the price couldn't go that low and stay there as the $7432 in Bitstamp didn't last more than an hour be fore jumping back up to $7800. what we have here is a combination of a correction after the rise to $9k and the panic caused by a lot of FUD online about whales dumping and things like that.

[Fredomago]

Not sure how long this correction continues, could this movement Bitcoin going beneath $6k? Perhaps it was normal, however don't like this bearish pattern. The ongoing BTC moves leaves this price in a terrible shape. Since every buyer needs a seller, keep buying.

Big question to most investors, the value continue move down and if this will continue to break $6k level, another twist and disappointed
investors will quit, holding and believing that this move is just temporal and it will move up again in anyhow.

[klaaas]

Big question to most investors, the value continue move down and if this will continue to break $6k level, another twist and disappointed
investors will quit, holding and believing that this move is just temporal and it will move up again in anyhow.

Or buy more to lower there overall when the price is plumbing. Those profit hunters will also sell when the price rises and quit.

[Kasabus]

Now bitcoin did not hang to $8000, if falls below but don't panic.
If we buy at $8000, how much more at this price, keep buying as this correction is necessary and price will eventually go up again.

That's how bitcoin works,  some people manipulate it, they manipulate up and down, but bitcoin is bound to rise, so hold while waiting for our price target.

[GregH37]

Ouch, bears finally showed their teeth! That drop to $7,700 happened fast. We're still hovering near $8,000 and bulls are trying to hold onto this range but the threat of more blood is looming.

The best case scenario is a repeat of the April 25th dump.....sideways for several days and then a quiet transition back to uptrending.

Don’t worry, the bears are just tired of the bordom that the bulls placed them, that is why they forcefully showed their face again, I am sure that in the next couple of few days, the bulls will regain their strength back to stabilize the value again and then push if further to where it belongs.

I believe we are still in the $8 zone and the next zone I envisage for now is the zone of $10, so I am not distracted by that little correction, our optimal goal is to take our profit when we get to AH and since we are still far from that, I think we have nothing much to lose if we keep holding our coins for ATH.

[Distinctin]

Hodling and buying, back into the $5ks probably. I would have shorted but I don't play around with something that's going up exponentionally in the coming years.

That's right, don't bet against the market as bitcoin is still in bullish form, the correction does not say it will drop again, and I don't even think that $5,000 will be seen again this year. Play smart and learn from its history so you can alway do the right thing.

[marcbitcoins]

Unfortunately Bitcoin price moving up is interrupted and delayed so another disappointment to all Bitcoin enthusiast but i still i suggest to just hanging ON as this was just temporary interrupted by some exchanges thieves that are now selling the stolen Bitcoin therefore it is an opportunity to buy more Bitcoin in cheaper price once again.

[LimLims]

Yes If we compare to the last few days,
Then we can see that Bitcoin is way too down.
We all rememberd the hype when Bitcoin started growing and reached almost 9K usd,  but it's again going down.
And as far as i should but Bitcoins or not, then i would say NO.
As the price is really unpredictable,  so who knows if the Price falls more.
I am not in a position to accept more losses.

[South Park]

I think this dip made many people shocked because they don't think to see the price was going down too deep. The price itself still trying to increase although it's slowly and still on the way to go back to the price before. Maybe it will need a few days to go to the price before, but I am sure that soon, the price will reach the price before and it will increase higher more than before. But it will need time before it can increase higher as we know that the market cannot be predicted.

The price seems like it is going to close above the previous day for 3 days in a row but the growth is really slow compared to the previous weeks, for what I can see it seems the order books are filled with more sell orders than buy orders so it seems there is a strong resistance that needs to be broken if we are to see higher prices during the next weeks, to me this could indicate that a correction is coming, but this could change if a whale decided that buying bitcoin at this price was still a good decision for him.

[jademaxsuy]

Well be seeing more than 8k usd on its market price increase. I think it will be possible to resch 10K usd per btc this coming july since as predicted that bitcoin will going to have a bull run. As the ATH for 2019 expected then a high chance to get more market price increase. This with the help of the hype also from blogs and articles all over the world.

Aside from that many users nowadays are holding btc because of the said coming bull run. This mindset will help a lot for another good pump of bitcoin market price.

[BitHodler]

Unfortunately Bitcoin price moving up is interrupted and delayed so another disappointment to all Bitcoin enthusiast but i still i suggest to just hanging ON as this was just temporary interrupted by some exchanges thieves that are now selling the stolen Bitcoin therefore it is an opportunity to buy more Bitcoin in cheaper price once again.

Firstly, I don't know anyone who's disappointed that the price didn't increase further--people were waiting for a correction to kick in and it did. Since when did the price ever go up in one straight line?

Secondly, coins that are stolen (I'm sure you refer to the Binance back) are never dumped immediately, and especially not on spot exchanges capable of moving the price of Bitcoin.

Stolen coins as result of hacks are more bullish than bearish short term speaking, because whatever the number of stolen coins is, these coins are taken out of direct circulation for who knows how long.

[virasog]

Unfortunately Bitcoin price moving up is interrupted and delayed so another disappointment to all Bitcoin enthusiast but i still i suggest to just hanging ON as this was just temporary interrupted by some exchanges thieves that are now selling the stolen Bitcoin therefore it is an opportunity to buy more Bitcoin in cheaper price once again.

There so many fuds in the market like exchanges thieves selling the bitcoins etc but the fact is that bitcoin price will follow the correction. When price rise up sharp people who have bought cheap, they sell their coins to get profit. This is the way how market moves. After little correction, we will see another high run of bitcoin prices. The only thing we need is patience.

[STT]

Right this moment price seems reluctant to fall far from 8000 despite losing the 8 day average price, its just risen from 7700 area



I think 8200 is the border to top prices but only after it beats 7900 and 7400 as the next step below 7700.    I would actually prefer to see it sell off properly down to 7200 as we have moved out of the daily uptrend since April but only gone sideways since that point.   
Seeing some profit taking occurring would be normal movement vs this hold

[Irviyandi]

Maybe if there is a decline, then most of those who have capital or a lot of money then they will buy bitcoin in very large quantities and then save until they get a suitable price to be released and with that maybe they will get a big profit, but for  those of us who have little capital are better off doing short-term trading

[exstasie]

I think 8200 is the border to top prices but only after it beats 7900 and 7400 as the next step below 7700.    I would actually prefer to see it sell off properly down to 7200 as we have moved out of the daily uptrend since April but only gone sideways since that point.   

You and everybody else.

So many bears are expecting a head-and-shoulders pattern to trigger a crash to low $7,000s or mid $6,000s. If that was going to happen though, it should have triggered at the neckline 5 days ago. Instead we got a daily bullish engulfing candle:



I'm very interested to see how today's candle closes. If you look red box to the left, you'll see the last time we dipped below and recovered above the 20-day MA.