Re: I believe BTC is going to trend down to $5,000 whats your thoughts
IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
I feel totally opposite of this. 6000$ will be the last dump point and it will bounce back from here. The support level at 6000$ and below is very high and also whole of the community is ready to buy bitcoin at 6000$ - 8000$
Well it seems that 8k is the new support line now and btc is showing steady signs of moving sideways for a while. There'll still be many issues that'll go btcs way before this year ends but in general i think it'll be as good as 2017