I don't think the price of bitcoin can be decrease more and hit $6000 or not, but I think the price will stay at the $7K level.
I don't see any news could push the price down and I think there is something behind to it. That is why the price is still dropping slowly.
What I see from the live bitcoin chart just few minutes someone sold a large amount of bitcoin and I think the price could decrease more soon.
MT.Gox funds status according to some tracker it's not moving so it means that there is another reason why the price decreasing and maybe there are groups of dumpers is trying to sell their bitcoin to push other holders to panic sell.
Topic: BTC Moving towards 6000$ - page 4. (Read 595 times)
There is a long term uptrend in place since April 2017 and presently trend is at 7850. I dont think such a long term standing trend would be idly crossed without alot of negative volume.
Theres no special reason for the sell off right now just impatientance, fear as always. Im short term bullish just on the basis we recover the 7850 trend and confirm it likely as a bottom. If it should prove to be a failure of this trend then this confirmation comes later imo
Theres no special reason for the sell off right now just impatientance, fear as always. Im short term bullish just on the basis we recover the 7850 trend and confirm it likely as a bottom. If it should prove to be a failure of this trend then this confirmation comes later imo
The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.
You don't expect anyone to be able to give the answer to this just like the way several threads on this issue have been responded to. The market is taking a down trend now yes will it go further, yes will it also recover, of course yes but the timing is what I don't see anyone being able to say. What matter is what are you doing with it? Answer this question and you are less bothered about whwn it will recover.
The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.
Disagree. Some altcoins are gaining an increase in terms of their bitcoin price value so it's not a whole market.
Now for how far this decrease will goes through, no one knows and even I can't speculate what will happened because my only mindset is "all trends are bound to end" whether an uptrend or downtrend. Even with the current happenings today, one move by a big investors can changed the trend so just be ready.
We will just know the exact answer once it happened. If the purpose of the question was for buying purposes, then you can consider buying at current price as long as you understand the risks. On the other hand, if the purpose was to sell, Im not that type of person who minimize losses in terms of bitcoin so I'll keep hodling it.
don't know, but i do know that i'm getting very tired of shitcoin.... 
The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.
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