Quote from: dE_logics on April 07, 2018, 08:10:43 PM

Quote from: Janademir4 on April 06, 2018, 03:14:30 PM

I follow a bitcoin price prediction forum that says that within the next week the bitcoin price will fall on the $ 6k price range
this is based on the graph of bitcoin price fluctuations
What is your opinion

If you look at a historical graph of BTC/USD, BTC went down to $6.2k on February 5th and then bounced backed up. I don't see it going below $6k, but I think it might go there and find support.

Bitcoin went lower than $6.2k on most exchanges if you check very well at the time you mentioned before we ended up seeing a bounce. In fact, it was around $5980 on the average for most exchanges. After all, I expect to see some form of double bottom if we get to see an occasion like this, which I believe may cause a rally but if the volume on the bounce is pretty low, I do not know what may be happening from there onward, but I want to assume we will get to see a nice bounce on volume if we eventually do.

It is bitcoin and anything can happen. However, if it does, it would just be a chance to buy more, and if it does not, it is still good. The $6k spot may have some pretty good bounce though, and from there we may get to know where we are heading next as it looks like the market is undecided of the next move now.