Post
Topic
Board Trading Discussion
Re: BTC: where is the market going
by
Reatim
on 19/06/2018, 01:32:18 UTC
It may break $6400 support in few days but whether it will go below $6000 or not is the real question so your predictions is not very useful for me because if it go below $6000 things will change.

I won't agree with your point.Now the price is started to increase again,t hen how you think the price will reduce again.It was a unacceptable one.It may be reduction after tomorrow.When there is green mark,it will continue atleast for two days.Now Bitcoin is become a strongest asset .

Yes, the price has somewhat recovered and has crossed $6700 if I'm not mistaken, whether is a good sign I don't know. What we all know is that the market is really free falling by now and maybe the OP is correct that we might see the price sliding a bit further as there as no strong support. What we all witness is that day traders and whales will suddenly pump the market and will take the profits whenever they can. At least getting to $10K will be safe for us, but the road going there is really difficult as of the moment.