Today, Bitcoin price records a new low after breaking $5900 marks, where will it bottom out? by vickytech

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mgsc · @vickytech · Jun 24 '18

Today, Bitcoin price records a new low after breaking $5900 marks, where will it bottom out?

![Bitcoin-trading-down-760x400.jpg](https://cdn.steemitimages.com/DQmaeL1ssBtXADy6bpk81rY4hQgFcYLoqr7m2tSJBu4CALY/Bitcoin-trading-down-760x400.jpg)
<b>Yesterday, 23rd June 2018,</b> Bitcoin price had dipped below $5900 mark and now Today, on 24th June 2018 records a new low of $5825.  The Bitcoin price recorded a major decline from around $8000 to lower end of $6000. However, Today, on 24th June, the BTC drops to the higher end of $5000 region.

![download-6-1.png](https://cdn.steemitimages.com/DQmX4MXMvVHhnWcmvqaWHCdaokU6saJVV3cL43uZ2CQxrpz/download-6-1.png)

Surprisingly, this the first time Bitcoin price entering $5000 region since early November. The same pattern happened in 2014 when BTC fall almost 80 percent and it was a correction from its all time high. Both fall of 2014 and 2018 were triggered by the eruption of a retail investor bubble. In this current situation, many traders see a BTC bottom at around $5000 or below the $5000 region. But it is difficult to see BTC price dropping below $5000.

<strong>Is there any probability or assumption that a $5,000 Bottom for BTC?  Next, Where Does it go?</strong>

Long term or Mid term investors and traders are not momentum traders, they aim for investment opportunities that could generate strong gains in the next 12 to 24 months. The exact movement of bitcoin has seen in 2010 and 2014 and every correction has led Btc rebounding past its previous ATH. Also, establishing a new high at a region that is 100 to 300 percent higher than the previous region.

👍 rehan12092786, sankalptamore, hyiphunter, sati13, arvindkhushi, precious4u, aman.sri, amandeep0498, learning-earning, airdrophunter, rahul7734, rishabhgupta, maninder323, vickytech, anishag, jairaj, guggis, josh92, hasleindia, abbasi1986, hirshan, govind99, aliwajid, technicalguruje, jatinkkalra, pradeepkr34, thenos, yashshah991, allinone7, dhanjkalita, manish1702, annusingh98, arpansonkar, himanshu1060, vashistha, aashucryptocharm, nishantgupta

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@aashucryptocharm · Jun 24 '18

Its going up now, hope for the best :)

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@abbasi1986 · Jun 24 '18

i stop watching my exchanges since last couple of days.

Maximium i purchase coin from lower market, Now waiting for Whales and Bull to came in market and i got my profit ,,,

Waiting for Whales..

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@vickytech · Jun 24 '18

Yes bro. I'm also waiting for more dip to buy more coins.

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@airdrophunter · Jun 25 '18

I think it will go till $5400 it a bottom according to me. Lets see what happens nnext in the btc price.

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@allinone7 · Jun 25 '18

I think it will go up & what do u think?

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@amandeep0498 · Jun 24 '18

hope btc will show some crazy action this year as well like it did last year. looking forward to atleast 35k by the end of this year

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@vickytech · Jun 24 '18

Your expectation is beyond of my expectation. I will happy if btc hit atleast $25000 by the end of this year.

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@anishag · Jun 24 '18

Bitcoin low is on the news everywhere, don't panic because more panic will create more lows

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@annusingh98 · Jun 25 '18

I am sure that bitcoin will boom very soon

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@arpansonkar · Jun 24 '18

Just wait for dec 2018 and c d real growth..!!!

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@vickytech · Jun 24 '18 (edited)

![download-6-1.png](https://cdn.steemitimages.com/DQmX4MXMvVHhnWcmvqaWHCdaokU6saJVV3cL43uZ2CQxrpz/download-6-1.png)

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@haikubot · Jun 24 '18

<em>There is a sweet fruit 
At the destination of 
Every journey. 
</em>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>- vickytech</sup>

---
<sup><sup><em>I'm a bot. I detect haiku.</em></sup></sup>

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@flash07 · Jun 25 '18

Hope next bull come soon

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@govind99 · Jun 25 '18

Very nice and informative 😍
Keep it up
Let just hope for the best

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@hasleindia · Jun 24 '18

it will rise

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@vickytech · Jun 24 '18

Yes. It will.

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@himanshu1060 · Jun 24 '18

Market is in very bad condition , no one can expect what's next.

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@vickytech · Jun 24 '18

Un-predictable Market and that is the beauty of this market. It will test your patients.

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@hirshan · Jun 24 '18

I think now start moving positive direction side chart

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@vickytech · Jun 24 '18 (edited)

Yes. up right now on coinmarketcap 1%. Time - 1:07AM. 25h june 2018. $6198. Indian time

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@jatinkkalra · Jun 24 '18

i hate how it keeps on getting low each week

👍 jatinkkalra

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@vickytech · Jun 24 '18

me too.  Actually, not only me, everyone except big whales.

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@manish1702 · Jun 25 '18

As per my view , It has been manipulated by big whales, and that big whales are awaiting for low price so that they can enter...and we are all small investor who always fall prey to it. So no worry whatever may be the dip ensure to buy buy at dip and exit by taking good amount of profit

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@pradeepkr34 · Jun 25 '18

What Do you expect the Price of Btc at the end of This year??

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@rahul7734 · Jun 24 '18

It's time to buy crypto

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@vickytech · Jun 24 '18

yes. buy and full fill your bag with gems.

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@rehan12092786 · Jun 25 '18

hope this will final dip then bull

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@rishabhgupta · Jun 24 '18

market is testing our patience

👎 cheetah

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@vashistha · Jun 24 '18

Trends says that it will again boom very agressively from the month of October.

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@vickytech · Jun 24 '18

You know the secret. Exactly in between from 29th October to 10th nov.

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@yashshah991 · Jun 24 '18

Will it increase the same like before?

👍 yashshah991

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@vickytech · Jun 24 '18

It can possible as past data tell us. There is a higher chance of spike from $4260 level if it break $5000 level.

👍 yashshah991

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@yashshah991 · Jun 25 '18

As per me! Bicoin goes down to jump with 100% immunity!
One must invest on right time to get a great win!

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@zehra42 · Jun 24 '18

Soon we will see a bull run....

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@vickytech · Jun 24 '18

Yes. We will.

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