Post
Topic
Board Speculation
Re: When will the price of Bitcoin break below the $6,000 support level?
by
reflector
on 27/09/2018, 06:47:48 UTC
If you look at the chart of the Bitcoin price, it has formed a clear descending triangle with support at about $6000. Resistance is keeping the peak of each bullish run lower than the previous one for the past few months.  If I can find a good chart to post, I'll add it in later.

I believe that this is a bearish signal that the price could likely break below $6000 soon. 

Do you agree and if so, when do you think it will drop below that key support level?
Bitcoin is a highly promising platform so it will reach 6k again it will going to moon. So I don't think it will be possible in future because most of the investors are investing this platform and slowly Bitcoin adoption is increasing in the market. If you think it will be going to below 6k USD you should said one valid reason. I hope Bitcoin is a most recommended cryptocurrency in the market so this reach 10k USD soon.