In short, no.
Topic: Can Bitcoin hold $6,075.04. - page 2. (Read 319 times)
Yes it will keep holding on that price even the market still not fine nowadays. beecause that is the original bottom price and no one can break it to push bitcoin value into cheap . Which is indeed it's been how many attempts since the long bear season ended last few months and it always survive after it touch 6k value. . So for sure it will stay above 6k until the month of june end.
I also saw this somewhere that if Bitcoin is able to resist breaking the $6000 line, then we're in for a bullish run but if it does the bearish continues for sometime more. Let's hope for the best anyways
I think bitcoin has hold that level and I think it is now at the recovery face. If all things been equal we should expect another little upwards movement towards $7,000 and $7500. I believe that we are at the time when it is hard to invest in cryptocurrencies but those that are able to invest now are going to get big profits in future.
If $6,075.04 is not breached it will be a good opportunity to buy in on BTC and ALTs
This could be the magic number!
Just wondering where you got this number, with such a slow fall if it continues for another month, it may be lower. Summer is not a time when investments will increase and capitalization will return to its former level. This could be the magic number!
The main thing is that the price of bitcoin would not fall below 6 k $. It would be like a disaster for many altcoins. I feel sorry for those investors who appeared in the crypto-currency world in December-January.
Appears lke you anticipated it right, we are currently about 6,000 USD now. Perhaps we will begin to bob from here, in the event that we don't ricochet we will see 6k or possibly beneath that. Be that as it may, how about we pause and watch the graph!
If $6,075.04 is not breached it will be a good opportunity to buy in on BTC and ALTs
This could be the magic number!
This could be the magic number!
We need to wait for more confirmations. If you look into the chart, btc price can still go lower and lower. My advise is Do not catch the falling knife it will surely hurt you.
in my opinion, The ideal price for bitcoin now is 5,000. but if we saw huge BUY volume on 6,000 price level that last for a week. then there is a chance that btc will bounce at that price.
Take a look at this analysis https://www.tradingview.com/chart/BTCUSD/mVUZLkaJ-OH-NOO-My-2014-Comparison-is-Alive-Reversal-at-4-888-7-USD/
Cruel fact is btc is still pricey compared to months ago, even with the downish trend, 5k is possible, or even 4k but rhats means many existing altcoin would die out of lack in values as well less adoption as more speculator would be rather than genuine users. I believe couple of FUDs btc would be back to 5k
If $6,075.04 is not breached it will be a good opportunity to buy in on BTC and ALTs
This could be the magic number!
This could be the magic number!
Cost of mining if I am correct in China is about $3500+- and we can go to that level. However, next levels could be $5k - very psychological price.
By the way, we saw miner in China been working for a loss previously for short period of time. However, in the longtime crypto community is growing, thus long-term price may grow quite a lot.
Recent post on /r/Bitcoin suggested that institutional investment is waiting to the point where miners are in danger of losing profitability. I imagine that some of the inefficient and higher electricity cost set ups are beginning to approach that point in time where they are gonna be dangerously close to mining at a loss. When we get to the point where hashrate stalls or even reverses due to the decreasing prices (which may be dangerously soon?) Things should begin to shape up for the better.
Here is the post https://www.reddit.com/r/Bitcoin/comments/8qfbwd/heres_what_institutional_investors_are_waiting_for/
My technical analysis suggests that the true bottom will be $6,044.72. So no, the magical $6,075.04 mark will not hold 
But in all seriousness- whether we've hit the bottom or not - most of the bear trend has ran its course. If BTC drops to 6k or holds at 6.3k, or falls into the 5k range- doesn't really matter. It will hit 19k and beyond again eventually, and I think the trend of everyone losing money is nearing its termination.
But in all seriousness- whether we've hit the bottom or not - most of the bear trend has ran its course. If BTC drops to 6k or holds at 6.3k, or falls into the 5k range- doesn't really matter. It will hit 19k and beyond again eventually, and I think the trend of everyone losing money is nearing its termination.
If $6,075.04 is not breached it will be a good opportunity to buy in on BTC and ALTs
This could be the magic number!
This could be the magic number!
Cost of mining if I am correct in China is about $3500+- and we can go to that level. However, next levels could be $5k - very psychological price.
By the way, we saw miner in China been working for a loss previously for short period of time. However, in the longtime crypto community is growing, thus long-term price may grow quite a lot.
The price of bitcoin is above $6300 now. Although I have some hesitations about its next prices, I believe that it can have a big rising after the ending of this bear season.
If $6,075.04 is not breached it will be a good opportunity to buy in on BTC and ALTs
This could be the magic number!
This could be the magic number!
I think that bitcoin will drop to a level $3k -very strong support on the monthly chart. it's summer now, which means that the assets will be sold from the stock exchanges and the market will falll down more.
I think that bitcoin will drop to a level $3k -very strong support on the monthly chart. it's summer now, which means that the assets will be sold from the stock exchanges and the market will falll down more.
I think bitcoin will fall to 10 dollars , it looks like people lost interest since Warren Buffet called it a scam.
Haha ... are you kidding me? You believe his words? why are you so ridiculous eating all of Warren Buffet's talk? If you believe Bitcoin will scam I think you are no longer here now. Bitcoin scam = all coins are also a scam.
more logical words @jackflag than Warren Buffet’s. lol
I think bitcoin will fall to 10 dollars , it looks like people lost interest since Warren Buffet called it a scam.
The order book of Bitcoin at Bittrex looks pretty bad for USD. Only 29 BTC at $6000 and 55 BTC at $4650. Someone having lots of BTC could make it worth $0?
Edit: at Bittrex, people also trade with USDT. And there is also TrueUSD.
Edit: at Bittrex, people also trade with USDT. And there is also TrueUSD.
this means nothing for now. you should check another exchanges too. here you can see all books ; http://data.bitcoinity.org/markets/books/USD
if btc suddenly rise to 7k- 8k than new orders will take place.
Someone having lots of BTC could make it worth $0? yes and no. first whats lots of btc ? 1k?5k?100k? if someone sell around 10k btc than price will go down and other will sell too so price will drop so quick. there are many stop loss orders too. that means 0 is not possible for now but if someone sell around 100k btc than yes this will kill all market .
Absolutely no chance it goes under 6k. There is too much money invested in bitcoin mines and other infrastructure like atms, websites, etc.
6,000 USD is the magic point where some whales will buy in again because they are speculating that we will see a double bottom and bounce again. The most new people already dumped their coins and we are ready for some new bounces. Everyone is in panic and this is always a good sign for me 
I made my best buys while the whole market was in panic!
I made my best buys while the whole market was in panic! 
If $6,075.04 is not breached it will be a good opportunity to buy in on BTC and ALTs
This could be the magic number!
This could be the magic number!
I think that bitcoin will drop to a level $3k -very strong support on the monthly chart. it's summer now, which means that the assets will be sold from the stock exchanges and the market will falll down more.
I think bitcoin will fall to 10 dollars , it looks like people lost interest since Warren Buffet called it a scam.
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