Re: When will the price of Bitcoin break below the $6,000 support level?

Resistance is keeping the peak of each bullish run lower than the previous one for the past few months.

there was no bullish run Cheesy

the thing is the fluctuations created by day trading whales which makes price go above $7k then come back to $6kish and rise and repeat is not real trend and it certainly is not "bullish runs".

2016: >$300
2017: >$900
2018: >$5800
thats a bull run

the movements in between are just cubs and calves playing (small bears and small bulls)

A year chart basis showing the market is still in a bull run, but I dont see the reason why people are panicking with the current price of bitcoin. Well, i just hope that we dont break the support level again because its the last quarter now and we have to move forward.

Current support is still strong enough so that there is confidence that the market will not fall too deeply, this is the point where manipulation is always the last stop, which is clear that people are still too afraid to be in this market, having experienced trapping the pump several times, that's enough normal if they panic, it might take a long time to get back to their beliefs.