Today, Bitcoin price records a new low after breaking $5900 marks, where will it bottom out?
Yesterday, 23rd June 2018, Bitcoin price had dipped below $5900 mark and now Today, on 24th June 2018 records a new low of $5825. The Bitcoin price recorded a major decline from around $8000 to lower end of $6000. However, Today, on 24th June, the BTC drops to the higher end of $5000 region.
Surprisingly, this the first time Bitcoin price entering $5000 region since early November. The same pattern happened in 2014 when BTC fall almost 80 percent and it was a correction from its all time high. Both fall of 2014 and 2018 were triggered by the eruption of a retail investor bubble. In this current situation, many traders see a BTC bottom at around $5000 or below the $5000 region. But it is difficult to see BTC price dropping below $5000.
Is there any probability or assumption that a $5,000 Bottom for BTC? Next, Where Does it go?
Long term or Mid term investors and traders are not momentum traders, they aim for investment opportunities that could generate strong gains in the next 12 to 24 months. The exact movement of bitcoin has seen in 2010 and 2014 and every correction has led Btc rebounding past its previous ATH. Also, establishing a new high at a region that is 100 to 300 percent higher than the previous region.
i hate how it keeps on getting low each week
me too. Actually, not only me, everyone except big whales.
Will it increase the same like before?
It can possible as past data tell us. There is a higher chance of spike from $4260 level if it break $5000 level.
Bitcoin low is on the news everywhere, don't panic because more panic will create more lows
Soon we will see a bull run....
Yes. We will.
Trends says that it will again boom very agressively from the month of October.
You know the secret. Exactly in between from 29th October to 10th nov.
It's time to buy crypto
yes. buy and full fill your bag with gems.
hope btc will show some crazy action this year as well like it did last year. looking forward to atleast 35k by the end of this year
Your expectation is beyond of my expectation. I will happy if btc hit atleast $25000 by the end of this year.
Market is in very bad condition , no one can expect what's next.
Un-predictable Market and that is the beauty of this market. It will test your patients.
i stop watching my exchanges since last couple of days.
Maximium i purchase coin from lower market, Now waiting for Whales and Bull to came in market and i got my profit ,,,
Waiting for Whales..
Yes bro. I'm also waiting for more dip to buy more coins.
Just wait for dec 2018 and c d real growth..!!!
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