Re: Are we looking at Bitcoin down to $5K?

Quote from: cryptomarketyourself on October 11, 2019, 03:17:13 PM

Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?

https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/

^^^ good insights on why btc could go up and down.

"Experts believe that Bitcoins performance will improve as the US-China trade war intensifies or a no-deal Brexit comes closer."

$5000 BTC is way to low, I do not think that Bitcoin will fall to that category yet. We have a good resistance from $8k and $7k so Bitcoin falling to $5k even $6k has a small chance to happen. some of the analyst even stated that there is a good chance that Bitcoin may reach $9k this month. As far as I can see, $7k would be the lowest Bitcoin can fall this month.