Quote from: snipie on March 24, 2020, 12:03:33 AM

Quote from: forexsignal on March 22, 2020, 05:05:45 PM

Still the Bitcoin market is not touch the low becasue as we see the market this time it is so much difficult to understand it and may be in future market is touch the low at 3k or 2700$ this time becasue still all the world in crisis and thats why the market are crash and going down regularly.

Volatility, big whales cashing, covid-19 panic... We can add more theories but getting $3k is not reasonable for me and it is very low and risky for many traders especially who bought over $4-5k.
Imo $5-6k is a logical bitcoin price for consolidation before getting back to +$10k somewhere near the halving

$3,000 level might not be reasonable, but definitely possible. If Bitcoin block halving happens to be not happening this year, the price could've been worse than what we are seeing today.
A lot of people are still very optimistic about the effect of halving to the market, and a lot of people are still buying at this current figure, the reason why Bitcoin didn't fall and stay behind at the $4,000 level.