2017 was a victory for bitcoin, but by the end of December 2017, bitcoin was slowly falling with drastically, the value was $ 20K, and now it was $ 6K.
if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.
I want to know your prediction, do you have the same thoughts as me, or do you think that bitcoin will survive at $ 6K until the end of this year. what is the main reason you think like that?
It's really a question that no one can answer.
Even though the support at $5700 has pretty much never been breached within this bear market, I think that it's tough to say in the future, if the bearish sentiment remains to be the dominant force within the market, that this is the absolute lowest level we can go.
What we can see though is that we're past the panic selling phases already and markets are consolidating, which usually means that even if falls come, they won't be as large of a scale as the ones we have seen. Filling up your long term holdings for bitcoin is a wise decision to make especially given the institutional interest in bitcoin at the moment.