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.

This might be correct, however, we will see how bitcoin price will do after the upcoming hard fork, a lot of bitcoin users are holding all the bitcoins they can because they want to get easy money this upcoming hard fork. I really think that this hard fork will be just the same as bitcoin cash. Bitcoin will still be number one after it.

Do you think the price of bitcoin will stay or even increase after the upcoming hard fork ? I think people holding bitcoin and even buy more today because they want bitcoin gold, that's why the bitcoin price increasing so high right now. After the fork ? We don't know man.

No one can correctly predict the movement of the price specially in this kind of market. And with the upcoming fork, we just hope for the best that we will be going up. But if this is will not be true, then we need to adjust with the situation. For now its just a waiting game. So the best point of attack is just to really hold and get the free bitcoin gold and buy more bitcoin and hodl it for long haul. That's why a conservative investors do so that they won't be stressed out because bitcoin is really a volatile market. Hodl and buy in dips. Rinse and repeat that method. And I'm sure that you will not be stressed out or nervous if the price goes down.