Post
Topic
Board Speculation
Re: Why bitcoin fall?
by
tomahawk9
on 06/09/2018, 16:03:23 UTC
Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?
Probably a large whales (or several) were trying to trigger a panic selling wave, which seemed to have worked since we went below the 6900 that was holding pretty well.

It does look like we've reached a support level around the 6400 so we'll if it holds, if not then we're looking at 6k very soon, if it does hold then we can expect a rebound pretty soon since we were in an uptrend a few days, and the bulls will probably take advantage of this drop and buy cheap.