Bitcoin, the world's most popular currency after rising to $6,700 USD mark on Fiat-To-Crypto exchanges and achieving $7,700 on Bit-Finex exchange, has now stabilized at $6,500 USD with decent volume and velocity.
The general belief about the mid-term price trend of Bitcoin is that if it can successfully defend the $6,000 USD mark in a such bad matter of time, then a large shakeout or a significant drop to the low $5,000 region is highly unlikely.
Personally I think Bitcoin is now suitably stabilized and ready to grow further in upcoming month. But we can't predict anything in this unpredictable Crypto Market, let's wait and see how it performs in future.
@cleverbot @banjo @automation what do you think guys, please up-vote
