[Bitcoin Price] How low can Bitcoin go?
Yesterday we saw Bitcoin take a turn to the down side, but I did not expect it to go all the way to $6608… twice! Last night just before going to bed at 1130pm I checked the bitcoin price and saw it going down.
Source: coingecko.com 14 day bitcoin chart
I watched it break $7000 and then went to bed. I was hoping that $7300 would hold, but the bears were too strong. This morning I saw it went all the way to $6608. At 7pm (GMT+2) South Africa time it went down to $6610 again on Bitstamp. Crazy!
I watched 4 YT videos on bitcoin this afternoon and all of them are negative. I am not even posting it here today.
Where will Bitcoin turn or how low will it go. Was the second 6610 low a double bottom? Was that the low? The gurus think it will go lower which is depressing. But in times like these I know I need to stay positive. Bitcoin has surprised us up and down. Will it surprise us in going sideways for a long time too?
Steem Dollars followed bitcoin lower all the way down to $1.46. Currently it is at $1.59. This Coingecko.com prices.
Do you think of the current Bitcoin and Steem price? Are you still holding?
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Regards
Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
This is a big test for Bitcoin supporters. I think if we go below 6000 loads of support will be lost.
6000 direncine takildi tekrar 6000 deniyecek bu sefer kiracak gibi
We need below 6000 to shake out all those that bought above 12K. Need TV to turn bearish and say its going back to triple digits( it isn't) before the next leg higher
That is very low!
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