in my opinion, this volatility is normal when the market is bearish. so, this is not something new. always think positively, don't panic and don't worry.
Bitcoin's short volatility today makes some altcoins worthless and weak, and market manipulation is difficult to stop.
Topic: Expect Bitcoin below $6300-Top five professional Analyst (Read 128 times)
Nice one, and I believe it can go below that too, with my own analysis , it's still possible for it to touch $4800 area but might be some months or soon but I think it's real bottom is around that area and the future trading I another way I can see many manipulation in the price , they actually don't want it to be below $6000 area which is their target and with what am seeing it will takes us some years to get new ATH like previous years of 2013 , just trade wisely and gain little from the dip and pump for some time before we actually see real moon.
Another blatant attempt to distrust bitcoins movement well they can try but I call this another fud in the making who are these guys what are their credentials. This normally happens when market goes during a turbulent phase and everyone just wants to get in and create hysteria but if you're smart you'll avoid it just fine, this is not really worth even bothering about.
I can't deny the fact that bitcoin is showing a bearing trend again after the recent surge to 8300 USD level. But in reality, Technical analysis plays little role in predicting cryptos. The reason mainly because the TA was created based on the regulated stock market rules and it was never created to predict a free market asset like crypto. So can't give much weightage on the predictions that are purely based on technical analysis. The fact is, no analysis tool has ever created that can capture the future movements of a free market asset. We can only speculate and that's what TA and the top 5 analysts are doing. Nothing significant to loose my sleep over it!
Since the market is kind of unpredictable nowadays, there is a possibility that it could dump to that kind of amount. However, I think the bulls are defending a specific support level that would maintain Bitcoin's price and a possibility that it would go higher as expected. Anything can happen guys. Just my two satoshis.
Huge, almost unreadable panicking
I guess that it was not convincing enough, since Bitcoin seems to be slowly rising.
I think bitcoin is a "graphic free" investment instrument. Most of people share graphics about buy and sell points but as we experienced before a fake news can cause a huge pump or dump. Of course we can't ignore what graphics tell us but when bitcoin comes to it's too hard to predict which way it'll go.
the fact that you felt the need to increase the size of your font and include the words "top five professional analysts" automatically disproves everything you had to say. and downsizes it to bullshit 
I hope that the market will soon recover, unlike you predicted, I know if btc only drops below $ 7000 then the buying volume is very high and will push up the BTC price again.
just read the article. it's just an opinion. we are still waiting when the bulls can accumulate powers to move the rate. Actually I'm waiting at least a rough repetition of the previous year
That's the most funny part, it's just someone's opinion. Remember last year when some people talked about 10k dollars price, some so called experts said it's impossible, but when price touched 19k dollars they were silent. So called experts share their opinion every day, and sometimes they are right and many times they make wrong predictions like most of us do.
Some people supported bitcoin when price was under a dollar, many more supported bitcoin when price was around 200 dollars, even more people support it now on 6000 dollars, what that means? We will continue to support bitcoin even if price drop at any prices. I always says fluctuations are normal, if you have balls try to trade and earn from this ups and downs, if you don't have it don't think it's the end of the world every time when price is dropping, or to say we are going to do moon every time price start to rise, that's a trader game, with their trades they drive the price in many directions, keep it cool and don't be stressed because of the price.
if bitcoin will actually drop to below $ 6300, it will be a lot of volume, because whales will definitely buy bitcoin, because the price is cheap. that in my opinion.
I also think that there are those who intentionally make bitcoin users afraid and sell their bitcoin so that bitcoin prices weaken and they can buy it back at a cheap price.
I also think that there are those who intentionally make bitcoin users afraid and sell their bitcoin so that bitcoin prices weaken and they can buy it back at a cheap price.
just read the article. it's just an opinion. we are still waiting when the bulls can accumulate powers to move the rate. Actually I'm waiting at least a rough repetition of the previous year
The charts may tell very interesting stories ,not that they are poor indicators or anything, but a single fundamental news will distort everything and the market will form its own path
Technical Analysis still play a huge role in crypto trading
The charts may tell very interesting stories ,not that they are poor indicators or anything, but a single fundamental news will distort everything and the market will form its own path
The 4H Channel Down should lead this to a new Lower Low around 6500 next. The medium term standpoint remains bearish:
IMO 0.09% we should have stayed above the 7350/7500. So at the moment the 6880 is being defended, below that the 6800/6700 is a clear support and the 6300/6500 levels as well. If we drop below this support, things could get very tricky, don't think the 6100/5800 will be able to hold as support if that happens. So the V shape low could be in play, since the current drop has the characteristics of a big panic low already
Readmore >>>https://bitzamp.com/expect-bitcoin-below-6300-top-five-professional-analyst/
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