Topic: BTC Plunging to $6K before Big Recovery - page 3. (Read 574 times)
Joel Birch, founder of an investment platform for retail investors, Lunar, reckons that under $8,000 per BTC is a good price for purchasing. “I can’t tell you if bitcoin is going to hit $3,000 or $4,000 or $6,000, but I can tell you, to me it doesn’t matter because I believe that any price below $8,000 is good.”
However, Birch does believe that Bitcoin price is likely to plunge further down to $6,000 before soaring ahead of the upcoming halving in May 2020. Joel Birch is the founder of Lunar and a partner at Lunar Capital which manages digital currency portfolios for investors.
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Many analysts are now saying that soon Bitcoin will be breaching the $6000 territory before the coin will have the chance for a remarkable recovery due to the coming halving next year. I don't want to believe that $6000 can be possible but I think this is now the consensus of many people so there is a big possibility for this to happen soon.
I understand that there are now many waiting orders in the $6000 range making this level a very good opportunity to enter Bitcoin again and add more coins. Will you wait until Bitcoin touches $6000+ before making any move? Should we consider $6000 as the bottom of this ongoing dip?
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