Post
Topic
Board Economics
Re: Bitcoin is heading back to $6k
by
mornabo
on 26/04/2019, 13:36:10 UTC
$6k price wont really be an easy road.Try to look on the price as of this time. We have price decreased for $400 in a hour time. from 5400+ to 5000.
I don't know whats the reason behind such dump but its just a typical day on crypto but seeing 6k soon is there.No need to rush up though as long
we can assure that we will able to break that resistance.
That's something a known drop. This form of growth has been taking place with bitcoin from the starting days of the year. Whenever there is some good growth due to corrective factor or due to manipulation there happens a big dump and further it recovers within specific time period. This time too I believe the recovery will take place shortly.

I dont know why, the margin goes down much greater than when the price goes up, I think it's because the existing market conditions or the market is not yet bullish? because if bullish happens surely the price will be much more frequent with a large margin, but I'm sure the price will definitely go to $6k again sooner or later