Post
Topic
Board Speculation
Re: Will Bitcoin Correct to $6,500?
by
shield132
on 04/02/2020, 20:44:51 UTC
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.


Any thoughts?
It's very hard to predict price, it may really dump or will be stable/continue rise. Chances there are really 50/50 because when we saw rise from 9k to 13k, that was a huge positive psychological factor but you know what happened, price went down dramatically. Despite the fact that there is upcoming halving, it doesn't guarantee that price will remain high until that (who knows what will happen after that but I am hugely positive that it will rise after halving).
Idk what to suggest, personally I would hold it for a while to see what happens, if it goes down to 8500 and lower, then I would sell it. Otherwise maybe worth to see whether price will reach 10K or not (+ today max price was up to 9400 usd).