Quote from: SistaFista on August 29, 2018, 02:14:25 AM

Quote from: Shyamthakur3 on August 26, 2018, 12:19:48 PM

Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally

https://www.ccn.com/why-some-bulls-expect-bitcoin-to-fall-below-5000-prior-to-big-rally/amp/

I think it is because it is a support zone, bitcoin won't surpass below $5k in the market. But i can be wrong.
This year dips maybe the longest dips in cryptocurrency. It was going down from the beginning of this year.
Makes me to wonder if in this year crypto will do a bull run or not.

I'm pretty sure we won't be dipping that low. The market has quickly bought up any coins that are below $6k. We have bounced off of that price range four, maybe five times now. IMO it's pretty safe to say that was the bottom. The bulls that expect the price to dip below $5k are really only truly saying that because they are comparing it to the bear market of 2014. But they really aren't comparable, the market is vastly different today. Different uncertainties lie ahead with Bitcoin, much more people know and hold Bitcoin, scaling debate is taken care of, ETC. A lot of things have changed, and because of that I think this is an accelerated bear market. I think we will see a slow and steady rise, with only small dips, in the coming months.