Re: Bitcoin price fall below $5,500.

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

Yes bitcoin down but not much i wait the bitcoin fall on 4500$ so that i will buy some i do believe also that bitcoin will rise again. This coming year i know bitcoin become 7000$.

I believe that after all the dump tactics to drive BTC down are over BTC will start going back up I would love to buy some BTC more while its down but I don't have the money. Grin

It seems to me that it is now too late to buy bitcoins. Everyone who wanted to capitalize on the October pump bought bitcoin when the price dropped to $ 3,000. Now is the time to wait. Users have no money. All invested in bitcoin. I expect higher prices in the coming days.

I agree, next correction will probably take BTC down to 4000-4500usd.

May be it come down to $5000, but not to $4000 and it must be in everyone mind that it will once again jump to $6000 even in a week time because from the past experience we have learned when the price was $2000 and it jumps to $4000 within very short period time but then it was come down just to $3000 and then once again get a rise in the price. I predict that at the end of this month bitcoin will touch the figure $6000.