Topic: bitcoin could be 6000$ soon give us your opinion - page 4. (Read 1567 times)
With the current market, I think there will be a lot of possibility that BTC will be reduced to $ 6000 in the next 1-2 weeks. The current support level of BTC is $ 7000 and it has not yet been broken, but nonetheless I hope BTC can go down again and I will continue to buy cheaply and hold.
yes it's possible for bitcoin to drop to $ 6000. because these days bitcoin has continued to decline and its current value of only $ 7,000 is close to $ 6000. and I predict in the last days of this year bitcoin will go down again and maybe reach $ 6000. I hope that $ 6000 is the last drop in bitcoin. and then early next year bitcoin starts pumping again.
Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry.
Why would miner profitability determine price?
Those numbers just mean that if price remains below $6K for long enough, miners will start shutting down their operations. Difficulty will drop and it'll become cheaper to mine.
The drop comes from a regular trend, it doesnt have to force us down and in theory going to 6k or 5k becomes harder as its bedrock of resistance and support from previous price history. We have to then judge how strong is this trend downwards.
I will just look at how much justification there is for the price to move upwards and indications of strength, if we are getting these signs regularly then I begin to have more faith and I hope I'm listening not judging with prejudice.
Here is 2 day price average in the blue line. Its the top bar for pricing, we cannot be called positive really but if we can beat this and hold above then its more reasonable to speculate positively. This is my stick in the sand to call the tide.
I will just look at how much justification there is for the price to move upwards and indications of strength, if we are getting these signs regularly then I begin to have more faith and I hope I'm listening not judging with prejudice.
Here is 2 day price average in the blue line. Its the top bar for pricing, we cannot be called positive really but if we can beat this and hold above then its more reasonable to speculate positively. This is my stick in the sand to call the tide.
Market is seem to be going in bear cycle. But the whale consolidation is all time high. Whenever this happens, market can shift to any direction. Since the year end is close, I still have a feeling that market is going to make a surprise move near the new year.
The major problem with the crypto market is that these whales run the market. They manipulate it in whatever way they want. So, no matter what we retail traders predict, market can go in any direction.
The major problem with the crypto market is that these whales run the market. They manipulate it in whatever way they want. So, no matter what we retail traders predict, market can go in any direction.
The price can be more cheaper as long as the trend is a bearish market.
There's a big possibility that price will drop again, but I don't think it will happen so this month, we might end this year with a price of not lower than $6K and that's a good price increase from its low this year. It is expected that the price are becoming cheaper when the market is occuring. If you will use the 200 MA which is considered as a super long term indicator, you will see that the price of bitcoin isnresisting in 200 MA. I will only buy if the 200 MA will be a dynamic support to the price of bitcoin and it is a patter that the bullish market will occur.
I listen to TAs but honestly I believe more on manipulation and the market speculation that could turn the price opposite to any expert's TA. 
Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.
Well we have seen worst, $3k for the last month of 2018 and early 2019, so I think we are still good at $6k. But we still that hope in 2020, the block halving, it might go sideways for the first 4 month of next year, but no doubt with so much hype around halving, just a matter of time before we can break that 5 figures again. I think investors are just very careful today, then have their fiat ready for sure, just looking for the right timing to enter the market again.
The current market condition these days creates fear to the investors that's why we cannot get a good price pump and also the support is to weak base on TA that's why provably we can reach to that $6k and also maybe those $3k price dip happen on 2018 maybe creates another fear and it's hard to find an entry point since the one I see is the falling of the prices that's why for now I will just monitor to see on the best picture of the month to enter the scene.
The price can be more cheaper as long as the trend is a bearish market. It is expected that the price are becoming cheaper when the market is occuring. If you will use the 200 MA which is considered as a super long term indicator, you will see that the price of bitcoin is resisting in 200 MA. I will only buy if the 200 MA will be a dynamic support to the price of bitcoin and it is a pattern that the bullish market will occur.
Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.
Well we have seen worst, $3k for the last month of 2018 and early 2019, so I think we are still good at $6k. But we still that hope in 2020, the block halving, it might go sideways for the first 4 month of next year, but no doubt with so much hype around halving, just a matter of time before we can break that 5 figures again. I think investors are just very careful today, then have their fiat ready for sure, just looking for the right timing to enter the market again.
Let's say it does go to 6000, It's a completely fine level that historically held strong. Also, this level is sustainable only until halving because right now most miners have to be above 6000 to remain profitable. Maybe some Chinese miners can go down to 5000, that's it.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.
So what's the worst thing that can happen? We'll go to 5000-6000 range for another 4 months? UUU scarry. I saw the drop to 3000 and held so I don't care.
I'm sure we'll see 10 thousand again this year so have some fiat ready to buy the dip.
The price might go down to 6000$, there is always a possibility for price correction. However, currently there are no indicators showing there will be some bigger price dump. To my opinion it's more likely that the price will stay in current range, so somwhere around 7000$ with very slight possibility to rise up to 8000$ max by the end of the year.
It seems that until the end of the year prices will only continue to weaken in my personal view, because in this situation recovery will be difficult to happen significantly so it is not surprising that until the end of the year prices cannot hit at $8k and although there will be a recovery in the near future too at least it will not exceed $7.5k. 
hello we all see a few movement Indicate that btc will go down to 6k
Newbie, why don't you elaborate on what movements you're referring to? It would make the discussion *so* much more interesting.Moving on. I thought bitcoin might drop below $7000 last night, but it hasn't yet and it looks like it's rebounding a little bit. I would never rule out $6000 as a possibility, since bitcoin was close to that recently and there isn't any bullish momentum anywhere to be found. But as the new year is almost upon us, I don't think it'll go that low and I do think 2020 will be a much better year than this one was. At least better than the last half.
hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions
It would be nice if you could provide evidence of what you say, you say that we all see the movements that could indicate that possibility but many people do not see them so it will be nice to know why you believe that could happen soon, I believe we are in a negative trend and that we may see that price in the future but not soon because there is a huge resistance from the bulls that are not going to allow that to happen because it is not on their best interests to do so. 
The price might go down to 6000$, there is always a possibility for price correction. However, currently there are no indicators showing there will be some bigger price dump. To my opinion it's more likely that the price will stay in current range, so somwhere around 7000$ with very slight possibility to rise up to 8000$ max by the end of the year.
hello we all see a few movement Indicate that btc will go down to 6k is this possible what would be your opinions
I don't think there is any indication that bitcoin will drop to 6,000 $ by the end of the year. Because demand is still high today even though we say Christmas day is coming.I think next year we will see more volitle prices especially as bitcoin halving approaches I'm sure the fuds will spread. And I think the responsible for these fuds are the whales.
Of course, even $ 6,000 for Bitcoin is significantly lower than the price today. But since the market is unpredictable, we can see different scenarios for the development of the cryptocurrency market not only at the end of 2019, but also at the beginning of 2020. Of course, many analysts express their opinion that Bitcoin can not only rise in price, but also fall, but Bitcoin cannot fall below $ 3,000. Of course this figure sounds very noisy. Nevertheless, the fact remains, because the benefit for Bitcoin miners exists only at the level of 3000 - 4000 dollars. Apparently this is what will support the value of Bitcoin now and in the future.
there are at least two possibilities between falling to the price of $6000 or going up to $8000, because when I look at my chart this opportunity is more on going down to $6000. but I think if the price of BTC is still above the price of $7000 for the next 2 weeks, then I am more inclined to the price of $8000 at the end of this month.
Same thoughts here. If the Bitcoin remains $7,000 level on the 20th and on wards, there will be a possibility of slight increase up to $8,000 level to say the least before this year ends. But, if we touches the $6,9++, huge possibility of a downward spiral on the follow.
Still, I'm optimistic on the bull as we are getting closer to the Bitcoin halving on May 2020.
Nevertheless, the figure we have right now is a good choice of accumulating more Bitcoin.
Nice TA btw!
there are at least two possibilities between falling to the price of $6000 or going up to $8000, because when I look at my chart this opportunity is more on going down to $6000. but I think if the price of BTC is still above the price of $7000 for the next 2 weeks, then I am more inclined to the price of $8000 at the end of this month.
Same thoughts here. If the Bitcoin remains $7,000 level on the 20th and on wards, there will be a possibility of slight increase up to $8,000 level to say the least before this year ends. But, if we touches the $6,9++, huge possibility of a downward spiral on the follow.
Still, I'm optimistic on the bull as we are getting closer to the Bitcoin halving on May 2020.
Nevertheless, the figure we have right now is a good choice of accumulating more Bitcoin.
Nice TA btw!
Still trying to be optimistic despite what we all see in the internet. Facebook and Twitter had been swarming with FUD's lately telling that kind of forecast.
6k is what they say but I don't want it to happen.
It will show a lot of weakness once again.
Analysts out there will make this just another milking cow for the weak heart.
They will tell lies about another pump that will happen and you will pay them for that or they will be filling their videos with a lot of advertisements.
It could happen there is no doubt about that. But the resistance is still high. 7k might be it lowest also, just my opinion.
6k is what they say but I don't want it to happen.
It will show a lot of weakness once again.
Analysts out there will make this just another milking cow for the weak heart.
They will tell lies about another pump that will happen and you will pay them for that or they will be filling their videos with a lot of advertisements.
It could happen there is no doubt about that. But the resistance is still high. 7k might be it lowest also, just my opinion.
there are at least two possibilities between falling to the price of $6000 or going up to $8000, because when I look at my chart this opportunity is more on going down to $6000. but I think if the price of BTC is still above the price of $7000 for the next 2 weeks, then I am more inclined to the price of $8000 at the end of this month.
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