Quote from: ralle14 on September 27, 2018, 11:01:47 AM

I don't expect Bitcoin to go below $6,000 again and if it happens Bitcoin would go back up anyway because it's always short-mid term losses. Few months back Bitcoin hit below $6k and it didn't last that long.

The thing with markets is that in case they test the same lower support levels over and over again, they eventually break. It doesn't autmatically mean it will happen to Bitcoin, but with how there is very little support to keep the price above the $7000 level, we shouldn't discard it. The bias definitely hints towards more bearish price action rather than bullish price action, but there might be some bullish action coming up very soon.

Realistic possibility right now is to have seasonality kick in somewhere next month to lift the price.

Past Q4 seasonality increases that started in October;

2014 $300 > $450 = 50% increase.
2015 $230 > $500 = 115% increase.
2016 $600 > $1100 = 80% increase.
2017 $4500 > $19,500 = 330% increase.