I predict that even though the current bull run appears to be over, that BTC will not be down significantly below $6000.
This prediction is just based on looking at price variations in 2018. $6000 appears to have support.
Note: Don't anyone trust my prediction. I'm just learning more about price movements and making predictions to see to what degree I'm able to predict the market. Or not.
That is a solid prediction. But question is what is next? Will be this the bottom of this Bitcoin cycle? When will recovery start?
The prediction is solid just because we had a fall below $6000 in the end of June and in the start of July which was instantly recovered by a quick rise within hours.
This was what I though as well after observing the price movement and the next I would love to talk about is the rise. We have a rising trend in the market and it might happen to continue till we have a bull market with the values crossing the last years highest.