Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.
It is impossible to tell how low it can go, but it did not go down below $7k and if it breaches that support level then it can go down to five thousands too, right now the market is recovering and this will be the trend for some time until there is big investments coming in.
The bear market is continuing and has been going since 5 months and now days we are observing positive signs in the market which may change the bear market into a bull market where the price of our coins is high. The low market will not stay for long time more as we know that it is a long term investment so wait till the price jumps again and leads us to a high market.