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.

You're definitely correct about the fact that all of this is due to corrections. I suspect that once BTC hit 5,500, a decent amount of investors decided to sell. However, there must have been more people trying to hop on the boat, so the evaluation rose to 5,800. Either way, it seems like there will soon be another big jump.

Yes I think there will also be a big jump if I am not wrong there will be another hard fork for bitcoin,
So I think there will be a huge pump because a lot of people would want to save or have bitcoin before the fork to have another free coin.

Its really hard where the price would be before and specially after the fork. If you look at it last Aug. 1, bitcoin surges ahead with a $1000 spike in 24 hours. So this scenario could also happened in Oct. 25. But what I see is that the investors jump too early, that's why we see a sudden slump in the price just 2 days ago. So its gonna be a roller coaster ride up to the day of the actual fork. I remember I stayed late just to see what will happened on Aug. 1. LOL. But as long as you have bitcoin is a wallet or even exchanges that supports the fork,, you will get your free coins. Just be careful though because there will be a lot of phishing sites that will claim can give you the free bitcoin gold by providing them your private keys. Be careful otherwise our bitcoin will be gone together with your free money.