Bitcoin price stuck at 7k level.

[sahil777]

few days ago it was like bitcoin is going high and more high atleast over 8k but after breaking the 7k level bitcoin stucked in that area, and now trend is bearish, currently bitcoin is a little over $7100 though btc came back from 6700 but its still in bearish mode.

But in other hand if bitcoin sustain over $6800 for atleast one or two more days, trend will be change and then bitcoin can break $8000 level, next month bitcoin halving is coming and expecting a nice rally upward in price.

[BidaManEris]

Decreased volatility always signal a bearish trend (if not a sudden drop) for Bitcoin if it continues after a couple of days. If we want a bullish trend, activity must be increased or it will spook investors away because of the selling pressure.

[itconsults]

1. Yes, in previous month, bitcoin price decreased but now it is rising again. I was feeling that the price was down due to health emergency (Corona Virus) but the pandemic is still going on and markets are being affected by this. Is there some other reasons behind crypto markets regarding prices?

[Ali saher]

I think few more weeks bitcoin price updown because this time stock market situation not good I not think price go up next month. I think next month price again go down this month maybe price go more up like 8k USD.

 

[evet]

It's a good sign. I'll be waiting for btc to reach $8k at the end of this month. ^^

[Kariuki]

What do you know, the forum its not as bad, I wanted to ask the same question but someone is ahead , yeah its true that this is not happening, the price should have gone up, there is all reason to me for the price to go up , am holding some bitcoin and its necessary for me to enjoy the work am doing right now with a better pay, if the price goes down any further , then its chaos for me, it being stuck at 7K then there is not telling where it goes.

[Sumedang]

I hope that in the next few weeks bitcoin will create an uptrend after this temporary downtrend.  next month will be held halving and hopefully market conditions support the movement of bitcoin prices through $ 8k towards the next support.

[Sunskid01]

The price just keep raising  and falling I pray it keeps raising. Very good sign of progress

[Shujah]

Carona Virus is not finished and still expending his roots, bitcoin came down because of carona crisis, 

Cause is there, Problem is there. 

[Ajel]

Hello, the price of bitcoin is stuck at the level of seven thousand dollars, because now the price of bitcoin has dropped, because its demand has started to decline, now the epidemic in the world, for which the price of bitcoin is stuck, hope you understand.

[caveman2528]

bitcoin taking time to generate some volume for uptrend thats why ,sometime dump is coming dont panik on situation , take longterm goal u always in profit

[Hassan2121]

Price of bitcoin have been fluctuating lately therefore i urge anyone trying to invest in bitcoin to keep calm, once the price becomes stable of hits high then you can start to trade on it to avoid loss

[Wassouf]

The price is very fluctuating these days, rising and falling several times per day. The main reason for this is the Corona virus and the stopping of economic movement in the world. We have to wait until we get rid of this virus so that commercial traffic between countries returns and the market returns to recovery.

[bobdice]

The graph for the week indicates that Bitcoin is in a strong bullish direction because there is oversold oversold of the MACD indicator, and this is what we notice in this graph because Bitcoin is heading to $ 10,000 in the coming months after next May or more.

[Babacomputing]

Ever since bitcoin dropped to 5000usd we have been having difficulty for the coin to pump. Although it managed to get to 7k mist people haven't still made profit on their initial investment.

[Aiza824]

Unless BTC begins a real volatile action, its price is more likely to drop after this "unstable stability" because of short-term squeeze.

Let's just hope for the best.