Post
Topic
Board Speculation
Re: do you think bitcoin will go back to 6000? should i sell now?
by
cryhavoc38
on 03/02/2018, 08:50:35 UTC
It depends: (1) what is your average price?; and (2) how much does this investment represent in your total savings/portfolio?

Answering your question: no, I don't believe BTC will touch the 6,000 level

Unfortunately, I see btc hitting 6k within the next couple weeks.
At least momentarily it will, then it will establish a new line in the mid 7k range, then another week, we will see it dip to the 5k range.

The issue with the price fall is that the market is there to short BTC hard.
Those who are shorting btc, especially since the futures market was opened up, are booking some serious profits.

Most in this game are day trading it. buying and selling making some good cash on the daily rise and fall.