Post
Topic
Board Economics
Re: Bitcoin is heading back to $6k
by
strunberg
on 13/05/2019, 17:50:39 UTC
Congrats, your guess is correct. now bitcoin has more than 6000 $ and today has reached $ 7000 but not long, prices have dropped again and all markets are bleeding blood. let's hope tomorrow will back again to 7000$
It's bleeding due that it has to correct for the meanwhile but it doesn't literally mean that it's bleeding. By comparing the price few days ago and with the bleeding right now, it's still better than those days.

Bitcoin is still trying to stretch out and on how far it can go low finding its support and it should be $6500 - $6800.

absolutely right, the decline was a natural thing after an extraordinary increase. I don't think we need to panic about this downturn because I believe that support for bitcoin will increase again and bitcoin will pass the current peak of $ 7000.
bitcoin price only make a correction after in several days its show the power and rise more than 10% in a day.some investors taking profit from their previous buying position and i am sure after they get best price again bitcoin will continue make bullish waves.
look at bitcoin price right now, after make correction for a while now its running again above $7900.hopelfull bitcoin price could reach $10k in near future, so our asset value could recovered again.