Bitcoin Likely to Soar Higher Despite Short Dip Below $5,500

[sirty143]

Bitcoin (BTC) has been surging consistently in the last few weeks, sometimes experiencing short dips which have not succeeded in holding it back. It recently tried to soar towards the $6,000 support it maintained before the phenomenal crash in 2018.

Although it later dipped below $5,500, a level that was expected to become the new support level, a cryptocurrency analyst known on Twitter as ‘UB’ believes it will still surge back above that level.

SOURCE

At this moment in time, Bitcoin is down by -3.35% and trading at $5,302.51. So, do you believe Bitcoin will still surge back above this level? Kindly share your opinion thanks.

[mlawson71]

I think we'll see another rally eventually. The question is when.

[Jayde]

In my opinion I think that Bitcoin could make a bigger drop to $4,800 and then after that it can start to rally to $6,000

[Bit]

I agree if the price of Bitcoin will go to $6,000 after this decline. The decline seems only to happen temporarily before the upcoming high increase. I am sure this drop to have a chance for people to buy more coins. After this, the price of all coins will go to the moon.

[Stuart]

Bitcoin getting up to $6000 is very possible, because there was a say of it facing a little drop again, to gain a support level, before it will soar high to $6k +. Getting to $6k now is no more going to be much a challenge, rather on a gentle move.

[sampoerna]

I think there will also be this possibility. We saw that a few days ago Bitcoin had reached $ 5600 and now it dropped to $ 5,283.06. Of course, the market will continue to change and Bitcoin enthusiasts continue to move in the market. I am also sure and hope that if the price of Bitcoin will continue to rise even though little by little.

[trauchot]

We have been falling for a very long time last year and market have begun to grow, and I think that the growth will continue, but this growth will occur from time to time and will continue for a long time, so more likely we will not expect more huge pumps.

[pelana vreo]

Bitcoin is the best coin and there are still many investors who choose Bitcoin.
As I have seen in coinmarketcap, the decline in BTC occurred and will be at a price of $5200, if this continues I still believe the price can reach $6k next month.

[Eben]

Sure, I strongly believe that bitcoin will surely soar higher than before. Ityjust a matter of time and we still have to be patient even in this bearish market trend.

[@iSong]

Bitcoin is possible to rise to $ 6000, but all require a long process and the role of the whales pumping the market.

[Jayde]

Of course Bitcoin will take time to gain support at the current price now and will increase soon, especially when Bitcoin had a halving next year

[cybersoft]

There is nothing wrong with that. The bitcoin price goes up and down - it is completely normal.
So there's nothing to worry about even if the price slumped down a little it will surely get back up again.
The bitcoin price will go even further beyond $5,500. It is only a matter of time.