Bitcoin should have been above $10,000 in June

Over the weekend, Bitcoin's price sank to low's not seen this year, so should we remain optimistic about it moving higher?
According to the predictions made by many futurist and analysts over the time of first half of the year, this was supposed to be time the price of BTC would begin ripping higher.

While many predicted the price of BTC $10,000 by now, that has failed to come to fruition. In fact BTC has fallen below $6000

End of these dips!
Bill Baruch, the president of Blue Line Futures observed that the days of Bitcoin's wild price swings are nearing an end.

He said:

"I like to say that a bottom is a process, not a price and volatility have come back down to earth, this bottoming process can begin. I see significant upside from herein the long-term."

He added that for near term, a bottom would occur more quickly and more constructive if the previous low of $6000 per coin hold. He added that the 100-week moving average was down near $4550, so traders will be watching that level.

Bitcoin guru Brain Kelly on the news of Bitcoin's price dipping below $6000, he said this may be good for Bitcoin.

"When we start to declare a funeral and things get horrible, sentiments is approaching the lows. So hopefully, we'll use that funeral bug to say, 'Hey. You know what? That was near the lows.'"