I've been keeping up with Bitcoin and investing for the past year, and Im wondering if anyone thinks it will drop back down to 6 - 6.5k in the upcoming months?
I've read a lot of projections and there is a mixed consensus but several "vets" agree it's due for a big drop.
What does everyone think?
That has been pretty much the floor of bitcoin for a long time, and we are right now at those ranges again so if what you are looking for is the perfect opportunity to enter in this market I think that you found it, I know that people would like to get an even better price and maybe you could have the chance if you wait for long enough, but the price below 6k does not last that long at most a few days and if you are not putting attention to the market at that time you will miss the chance.
We've rotated at this price a second time and we haven't dropped below $6k and I think this is a low point for the price of bitcoin, you can use it to buy, the price in this position is always a turning point because after that the price will rise again and it looks like the price has started to go green again, I hope it will continue. actually we cannot predict for sure this year will be bearish or bullish, lets see and hope bull trend will come