Topic: 4 reasons why Bitcoin has bottomed out (Read 744 times)
There has been a lot of information about China handling many exchanges. I think this is the main news that makes the market fall. The influence of CN greatly affects BTC and other currencies. I hope that this is the lowest price in the last 6 months. The return of $ 10k BTC will be coming soon.
According to the Parabolic curve, the price of Bitcoin will soon return to the price of $ 6k and bounce from there. The price of Bitcoin has just continued to decline, showing that the seller is very strong for 2 days and this decline will continue until the price of Bitcoin reaches a bottom. We should watch at $ 6k5 or $ 6k3 and buy gradually, then hold and wait for the market to grow again.
Yes, you can see now BTC's price bounced back again $ 7k1, but for me 6k7~6k9 will be the last bottom of BTC before it go to the next bull run. This time some fake news as well as fake FUD was published to make higher sell pressure, but in the end of this year maybe many good news will come out.
Looks like the statement that BTC has bottomed out had made people's confidence shoot up for BTC and then suddenly crash down all to scare them once again. Its not just $7k, its not good to small time traders but for the big whales its a does make sense to buy more. The poor becomes poorer and richer becomes richer still applies in crypto.
If you are born poor, that was your luck but if you stay poor for the rest of your life, it would be your own decision. let’s just look at example of Eric, he became rich by investing in bitcoin at the time when no one was willing to. So he deserves this reward. Look at Mark, Steve Jobs, Larry Page or Bill Gates, they were not as rich at their birth time as they are now. Crypto currencies give a way to become rich.Steve Jobs, Larry Page or Bill Gates are all crooks. They are not investors, they steal ideas and projects from developers, they have proprietary products. Google makes money from people like you who trusted them the personal info.
What I mean when the poor becomes poorer is that when the poor invest on BTC they expect return in matter of days and if the price drops this much, they panic and sell the coins and they end up poorer than before. These poor people who suddenly trust BTC all because someone says it has bottomed out are the ones expecting ROI faster, they don't even trade. They won't turn their BTC into stablecoin when the price drops, they cash out. These are the ones who can't last seeing their money turns $5000 to $3000 in days.
Looks like the statement that BTC has bottomed out had made people's confidence shoot up for BTC and then suddenly crash down all to scare them once again. Its not just $7k, its not good to small time traders but for the big whales its a does make sense to buy more. The poor becomes poorer and richer becomes richer still applies in crypto.
If you are born poor, that was your luck but if you stay poor for the rest of your life, it would be your own decision. let’s just look at example of Eric, he became rich by investing in bitcoin at the time when no one was willing to. So he deserves this reward. Look at Mark, Steve Jobs, Larry Page or Bill Gates, they were not as rich at their birth time as they are now. Crypto currencies give a way to become rich. 
According to the Parabolic curve, the price of Bitcoin will soon return to the price of $ 6k and bounce from there. The price of Bitcoin has just continued to decline, showing that the seller is very strong for 2 days and this decline will continue until the price of Bitcoin reaches a bottom. We should watch at $ 6k5 or $ 6k3 and buy gradually, then hold and wait for the market to grow again.
Yes, you can see now BTC's price bounced back again $ 7k1, but for me 6k7~6k9 will be the last bottom of BTC before it go to the next bull run. This time some fake news as well as fake FUD was published to make higher sell pressure, but in the end of this year maybe many good news will come out. 
I think due to so many options we have right now the competition is really going on. In crypto world more coins are emerging and lots of people are already talking about it. There many similar concepts going on its either to collaborate with crypto or just making scene to regulate another processes. What I mean is that, its like in a very busy street. The traffic jam is untolerable. Tendencies are no movement going and so many are involving and yet noone is emerging.
The reason behind so many projects emerging on daily basis is that everyone wants to make money through Crypto coin and digital coin market as a whole. If you look at the scam percentage at present, you will get a pretty good idea if it is more about competition or just snatching the money from investors in any way possible. New projects are nothing like old projects and bitcoin is the best of the best in all aspects. For other things, just give the market some time.
Looks like the statement that BTC has bottomed out had made people's confidence shoot up for BTC and then suddenly crash down all to scare them once again. Its not just $7k, its not good to small time traders but for the big whales its a does make sense to buy more. The poor becomes poorer and richer becomes richer still applies in crypto.
Hey guys,
I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
I agree that he should close it now to save face, it's struggling in the $7 k level and could possibly go down to the $6500 level, Damn I was on a buying spree just last week and never thought that it could down this level, it's time to support the price now, now I was thinking to get loan it's the best option to buy more it could not possibly happen again.
Hey guys,
I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.
Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
TA is usually just a prediction, so it could be wrong. But take a look at his long term trendline, it seems to be true when the price of BTC is correcting to the $ 6k ~ 7k range. I still believe in the next parabol move of BTC.Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.
Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
TA is usually just a prediction, so it could be wrong. But take a look at his long term trendline, it seems to be true when the price of BTC is correcting to the $ 6k ~ 7k range. I still believe in the next parabol move of BTC. Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
Hey guys,
I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
I think due to so many options we have right now the competition is really going on. In crypto world more coins are emerging and lots of people are already talking about it. There many similar concepts going on its either to collaborate with crypto or just making scene to regulate another processes. What I mean is that, its like in a very busy street. The traffic jam is untolerable. Tendencies are no movement going and so many are involving and yet noone is emerging.
Hey guys,
I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Hey! Cool video. Yeah, I think you could be right. It's likely we're heading towards a bull run now. Particularly with the Bitcoin halvening event happening in May next year, I think it's pretty clear that we're entering a bull market.
I agree with you that bitcoin will not fall from $7500 because when the correction in the bull run market bitcoin has never fallen from 50% and currently bitcoin has touched a correction of 44%.
I think in the next 1-2 weeks bitcoin will come back at $ 10k
Bitcoin has stayed in dump for long time and it is evident from little increase in its value that soon bitcoin will be set on track to reach sky in context of prices and this is the sole reason why number of bitcoin buyers is increasing day by day. The soon we investors start buying bitcoin, the fast it will be seen on heights of new prices. I think in the next 1-2 weeks bitcoin will come back at $ 10k
This TA shows that BTC is a sleeping giant
yesterday I bought again BTC at 8700 hoping that bitcoin will soon be above 20k,
get this TA from https://twitter.com/888Velvet you can follow him
Bitcoin has already started to show signs of next pump. Even in the worst case, it is expected to touch 15k dollars but I believe it is going to be a lot more than that. Bitcoin has the potential that o one can predict accurately. People who make such low prediction do not really understand the true power of bitcoin. After the coming pump, it will become a dream to see bitcoin at 7k dollars.
For sure, bitcoin will still grow much more than that value in the future, maybe next year after the next halving will occur, but with the strength that I am seeing in bitcoin now, I think that it has the capacity to grow to that $15k by the end of this year, and I can see also that it is already showing some signs of bullish trend, and this bullish trend will make us see what I will call the last all time high that we have seen this year, I mean when bitcoin grew to $13800 before it started descending in value which we call corrections. This will still be a very good opportunity to buy the coin more now without wasting so much time, because we could wake up tomorrow now and find that bitcoin has already started that bull run again for the remaining part of this year.
The recession in global market is a possible reason for bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.
The bottom of bitcoin should not be a matter of concern that much because it is so sure that bitcoin will rise again in future but when it comes to the value of bitcoin bottoming, I think that it should always be an opportunity for many investors that are yet to invest to just go for it rather than getting scared and next year is definitely so sure too that bitcoin will rise.Any investment that needs to be done is now that bitcoin has bottomed, and also, I think that china’s plan to release their own currency will also have effect on bitcoin, though I have not seen yet, but I have read others opinion on the link of the DCEP of china to bitcoin, and I believe in some of their analysis that the coin could actually affect the value of bitcoin very well.
A lot of different predictions can make you believe in Bitcoin but this year I will still sit still and wait for new trends. If Bitcoin could reach $12,000 by the end of the year, 2020 would certainly be agood time for people to invest again.
As we all know bitcoin is a dominant crypto currency in which we can't.deny the fact of it's popularity since many users as well as investors looking forward on this. I'm hoping in the future even though how bad experienced that we have this year will be a good in the next days, months or even years as I believe it can be a tremendous value in the future.
The recession in global market is a possible reason for bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.
The bottom of bitcoin should not be a matter of concern that much because it is so sure that bitcoin will rise again in future but when it comes to the value of bitcoin bottoming, I think that it should always be an opportunity for many investors that are yet to invest to just go for it rather than getting scared and next year is definitely so sure too that bitcoin will rise.Any investment that needs to be done is now that bitcoin has bottomed, and also, I think that china’s plan to release their own currency will also have effect on bitcoin, though I have not seen yet, but I have read others opinion on the link of the DCEP of china to bitcoin, and I believe in some of their analysis that the coin could actually affect the value of bitcoin very well.
A lot of different predictions can make you believe in Bitcoin but this year I will still sit still and wait for new trends. If Bitcoin could reach $12,000 by the end of the year, 2020 would certainly be agood time for people to invest again.
The recession in global market is a possible reason for bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.
The bottom of bitcoin should not be a matter of concern that much because it is so sure that bitcoin will rise again in future but when it comes to the value of bitcoin bottoming, I think that it should always be an opportunity for many investors that are yet to invest to just go for it rather than getting scared and next year is definitely so sure too that bitcoin will rise.Any investment that needs to be done is now that bitcoin has bottomed, and also, I think that china’s plan to release their own currency will also have effect on bitcoin, though I have not seen yet, but I have read others opinion on the link of the DCEP of china to bitcoin, and I believe in some of their analysis that the coin could actually affect the value of bitcoin very well.
In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.
It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.
Bitcoin stable price won't stand still more than a month, there must be a movement from it in near future either it's gonna up or down. We have to prepare for any condition that will come.
But i'm sure next year bitcoin won't go lower than 7k and people prediction is around 14k-15k , and hoping more after halving. My prediction bitcoin's price peek will be at the end of next year because of the similiarity of the chart from 2016 to 2017
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