Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!
Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
That signs of bitcoin being stable at around $6.55K will bring back the reputations being lost due to bearish market, and hopefully this signs could help every holders gain more efforts in holding their funds. Panic seller will be braver enough to prevent their weak hands over fearing out for many bad and negative speculative ideas. Fake news and FUD must be avoided, just ignore it and hope for the best for bitcoin in the next further weeks to go this October so we will be seeing bitcoin to rise at very profitable value.
Well, that is not surprising. It is normal to see things like this happening when the bears are really making an attempt and the bulls are also trying to make an attempt at the same time and in scenarios like this, it is just more like saying 'may the best man win!'...
It is not a bad sign at all and however the market breaks out, I guess it is something we will get to see in a short term but in the real sense, I would not want to be too centered on anything right now as the market can break out in any which way. For now, though, I guess we just have to wait to see how things will go.