Basically every news is negative at the moment about BITCOIN.Strong fall under this support was an important thing, but more crucial is now, whether 6,5-6,6K long term trendline holds, and if that brakes the 6K support is exteremly important. Because Bitcoin is at last hope, If bitcoin not going to pump from here it can go back to 3000$ again. Currently according to some experts mining expenses of a bitcoin in china is about 4800$. So bitcoin should be stable at this price and should not go more down due to high mining expensive.But if there again regulation news come. Bitcoin may slip back again but Next fews days are going to decide bitcoin future it may touch 11k if become stable.
But according to my point of view Bitcoin will break again, because sellers who do not realize the harm they are doing to this market will continue to use leverage from brokers, sending Bitcoin down further and further—making it so unattractive that big investors will not want to put any money into it. Thus, it will lose its volatility. but it will essentially be worthless to society.
