Post
Topic
Board Speculation
Re: What you expect about next move of bitcoin?
by
Sahyadri
on 14/10/2019, 09:31:56 UTC

I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?
There was a substantial sell off which brought the price below $8k. Though price was able to come above $8k but the bulls will be capped at $8800. Price is likely to see $6k because when breakout happens after a significant time of consolidation leads to trend continuation. So, more bearish movement is more than expected. But $6k is a strong support, price going below that could lead to a drop of $4k.