Quote from: alibaba93 on June 12, 2018, 09:49:10 PM

Quote from: darkangel11 on June 12, 2018, 08:36:02 PM

This is confirmed FUD. That was some minor exchange that traded altcoins, even without fiat pairs. Check it's position on the market and daily volume. Do you believe that somebody stealing 20 million USD worth altcoins would cause a crash of an unrelated cryptocurrency (BTC) measured in billions? If you do, you need to have your head examined.

Bitcoin prices have fallen sharply in recent days and I am afraid that the market will fall into recession, you can see that bitcoin prices are constantly fluctuating and will be able to continue falling sharply in the coming days. It is very difficult to succeed commercially. The market is bearish in the long term so bitcoin prices may fall further and will touch the $ 4000 mark.

I never said it isn't bearish. What I meant was that this drop wasn't caused by a very small exchange being hacked. One that doesn't even trade BTC for fiat. I believe that it was a cumulation of events mainly the CFTC inquiry, pennant formation on the charts that called for a big price move.
As for the price I'm a believer. IMO the most probable option now is a new bottom somewhere around 5500 USD and a jump up to 7000. The second most probable option is a double bottom at 6k and a jump to 7k from there. I don't believe we're going to 4k and if it ever happens there are going to be multiple upward movers along the way.