BTC Prices Fall Below $6000 Briefly
It has indeed been tough times for the BTC bulls as the prices continue to fall despite the growing size and depth of the market. The incoming regulations and the larger investors seem to have had a negative impact on the prices so far though we continue to believe that this would be the case for the short term and that in the medium term, this would only add value to the market and push the prices higher in a slow and steady manner. But it is important for the weaker traders to hold on and it remains to be seen how long they would be able to do so as the prices continue to remain weak and continue to fall during the short term.
Looking ahead to the rest of the day, we are going to see the traders return back to action after the weekend and it should be interesting to see what the majority of the traders think about the weekend weakness. It is going to be some volatile trading during the day which can go either way.