Post
Topic
Board Speculation
Re: Bitcoin price fall below $5,500.
by
Eugenar
on 25/10/2017, 07:22:26 UTC
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 $7,000. This corrections is not going to be a long one,  it might just be three to four days and we would resumes another upwards movement again.
I agree with you. There's no need to worry about its value which is now falling under 5500$ upon reaching 6000$ recently. It will surely increase after the hardfork and as you've said, this is the best time to buy and hold since it is already expected that Bitcoin will be able to reach a market value of 7000$ meaning, buying Bitcoin today will yield to huge profit after the fork.