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.
I think prices have stabilized at $6500 from a few weeks ago, not in this one week period but whatever that, prices have not experienced a deep falling in the past few weeks, which is bearish is over? I think so. and I hope that the slowly rise will occur in this end of the year
Yeah you are right this is very dangerous situation for bitcoin investors. The reason I think is that investment cap is reducing day by day and people are dishearten from their investment in bitcoin and now they are looking towards Altcoin. Due to low demand for bitcoin the price is going down and down. it need more investors to recover its position in the market.