Bitcoin reaches their lowest level which is 7,142$, many people have thoughts that bitcoin is die at it will not rise again but they don't know that investors are happy to see this much low price they are buying bitcoins and by november we will see bitcoin growing. So if you want to get some real profit invest in bitcoin now !!!
That price is not the lowest level because bitcoin dropped to $6k, remember? But I am still very confident that it will go up again in the last months of this year. People will go insane again regretting the choices they made at this moment like selling all of their portfolio or not buying.
The OP has just suggested it back in May wherein the price goes to $7K. However, it looks like we witnessed another bottom, it doesn't look good on paper, but this is just another phase that we are all familiar with. Bitcoin bottom = buying time. I'm sure that those who sold when the market is red is not a good investors in a sense. Why will you sell? Because you panic? I'm still believe that we will start another recovery run so I might as well continue to HODL on it and of course fatten my wallet again because bitcoin is at a discount.
I don't see any panic. It seems to me that only those who need Fiat now sell bitcoins and can not afford to wait. This is a small amount of coins. Probably whales hunt for such users. This gives me hope that soon the price of bitcoin will go up. I'm not selling my bitcoins right now. I'll hold them indefinitely until the price recovers.