Topic: Are we at the bottom? no one knows, but market is doing fine. (Read 479 times)

I think the same, while I can see why people can get mad that the price of bitcoin is so low now, since they invested when the price was much higher, at the same time we need to understand this is an opportunity that will most likely never repeat itself, something similar happened during the previous bear market and now it is almost a sure thing bitcoin will never get that low again, so if someone is really interested in bitcoin and has the patience to hold their coins then there is not a better moment than now to buy bitcoin.

There’s more reason to be glad right now than stay regretful and gloomy because the market itself is giving us another opportunity to invest and accumulate more bitcoin. Though the market remains unpredictable and we don’t know what’s up next, but the fact that we are here to invest for long term, then now is the best time to buy more for bigger future profits too. Surely if it gets lower, then I will accumulate more bitcoin as much as I can. And DCA can be very useful this time.

If you do not have the money then you do not have the money, there isn't an alternate for that at all. I personally believe that the best thing we can do right now would be making sure that everyone realizes how hard this is, if you realize that then you are going to be fine for sure.

I do not know if you could find any money, but if you can't then just work for it, there are plenty of jobs in the crypto world where you can make money, and if you can make money then you can reinvest it. If not, then just wait, I know you will not want to wait, but you have to, find a better job, get a better salary, whatever you can, but do not invest the money you need to live.

yeah I got you there mate, actually that is why I keep advising people here to at least keep safe some extra funds for this kind of time because like what we both agreed this is the time for perfect investment.

but of course your money for food and bills must not be risked in crypto investment specially in times like this that life is really a struggle everyday.

yes , maybe just try waiting for another chances though the next time/ better to be ready in this kind of bearishness .

CBDC is essentially no different from fiat, the government can also print as much as it wants and it also loses value over time. The government issued a CBDC I think it will, it won't affect bitcoin, and they can't ban crypto outright if they have a CBDC. The value of bitcoin will always increase over time and people will gradually realize that with a constant supply only bitcoin is a good hedge against inflation.

But there may be another currency that will be promoted by different governments, which is CBDC. If that happens in the near future, just as you say in 5 years, but maybe sooner because fiat money will depreciate because of inflation, that will be a huge problem for bitcoin and cryptocurrencies. CBDC will definitely become a worldwide ban for cryptocurrencies.

of course mate, the bear market is an investment opportunity and a great holding opportunity for future profits, but let's say i'm having a hard time getting income to spend every day and have no idle money, i can't take the risk to invest because you know crypto is a risky investment and we never know when it will recover
so it is very risky when you invest with money everyday, you cannot bet the lives of your children and family on the risky market, that's selfish
the market is always there and the opportunity will always be there, if you can't invest today, you can invest tomorrow, family is unique

I think we need more time to prove, bitcoin is still considered a volatile asset and it is still not a reliable asset when the governments of countries constantly see bitcoin as an enemy. This is what makes bitcoin not as popular and trusted as other traditional assets.

But in the long run, maybe 5 years or 10 years when fiat depreciates heavily, people will know what to do with their assets, they will realize bitcoin is the most effective hedge against inflation.

No one knows and don't expect too much on the current situation because market is still very unpredictable and suddenly becomes so volatile especially these days.  And we don't have an idea what whales will gonna do in the future.. So be aware and must wait for more results to assure everything will gonna be alright afterwards.

indeed , the market is now  doing good comparing to what we have in the recent months , though the price is still low yet at least it is greening now and showing strong hold for the following weeks.
actually almost this whole 2 quarter are a bloody days , nowadays we can find ways in saying that we are in good shape now and in the following quarter at least.
super slow actually , taking 1-5% per week , and lowering in the next week so it is just break even so we are staying at 20-24k till now.

But do we really know if  when is the bottom or not? of course not so it is really not good to say that we need to foresee the Bottom because this is only a speculative one, but what we need to understand is that even if it is the lowest or not? yet what we should do is to trust bitcoin and the coins we are holding and never go for the FUD. do not trust those negative comments instead trust your guts and instinct.

at least they are seeing bright future now from the heavy days of 2020-2022 , this part of the year we can see them longing to find thing to make them profiting and gaining from the hatred of yesterday.
if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

I can say that the market is already fine because of after the storm there's a rainbow.
Past few months on Bitcoin market was a bloody, not only on Bitcoin market but also on other markets.
The good thing here is Bitcoin is slowly pulling back and that's a healthy and natural one for me. I'm really positive for Bitcoin now especially recovering on short term period.

many places that have not yet recovered from the pandemic , they continue to suffer from new difficulties, escalating prices and an energy crisis caused by war

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us.  People will take priority on bringing food to the table than investing.  Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up.  I think we will be seeing lots of sideways from now.

I do believe that we shouldn't be shocked about the return when the prices of everything goes back up. Right now evne oil prices went down, gold did, stocks did, everything did and dollar gained value again. This means that it wasn't just about bitcoin or crypto, it was about everything. I agree that when the world recovers then we are going to start seeing some increases. This is the outside part that will help, there is also 2 insides that may help, one is ETH finally having proof of stake phase 2.0, and then we will also have halving which usually helps us go up. This is why I believe that we could do a lot better in the near future.

The crisis affect the investors and the cycle continues up to Bitcoin and cryptomarket, this is why we are having a hard time to recover though at least we are able to go back at the price level of $23k and all we have to do is to sustain this level and go for a sideway trend. Eventually, when the world economy starts to recover Bitcoin will also follow that, we might already hit the bottom but of course, worse scenario can still happen so keep watching the price trend.

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

Market is just dandy for the moment in terms of its shape its not bad looking.    How it looks after it goes 15 rounds in the next fight over price we'll have more to judge then but its not awful to see a chart like this, its quite regular steps upwards.



50 day average there is rising, some positive and if I stick a simple ruler on the chart I'd guess we are ok so long as we sustain above the early July peak of roughly 21.5k.    I do think theres a fight ahead still not an easy gain but upside targets of 26k, 30k and 35k seems reasonable because that price action is quite open.   A magnetized return to 200 day average would be nice, in theory we do orbit that measure at some point I expect.

In the long run it's fine and I don't doubt it. It seems like most people are starting to notice and know what they should do with their bitcoin. The main condition is not to invest more money that you can't afford to lose, which means you have to invest in an amount that you can afford to lose.

I don't expect much in the short term as the price may still drop further, but I am inclined to believe that in the next 2 years the bitcoin price will pass the previous ATH at $69K. A good target is profit in the long term, but I don't mind if they are able to make a profit in the short term.

If we see the price of Bitcoin has stabilized above $20k in the last few weeks, that doesn't mean the bear market is over. There's still a chance that
Bitcoin will fall below $20k again, so it can be said that Bitcoin has not yet reached the lowest price. But that doesn't mean we have to buy Bitcoin
when it hits the lowest price, because no one can predict Bitcoin price movements accurately. So as long as Bitcoin hasn't been able to rise above $25k,
I think it's still a good time to buy Bitcoin. Because if we delay buying Bitcoin there is a possibility that we will regret it, because it could suddenly
Bitcoin pump in the near future. So why don't we buy Bitcoin at the current price, which in my opinion is quite low when compared to the price of
Bitcoin which has risen above $60k in 2021. Even if after we buy Bitcoin the price suddenly falls lower, we can hold Bitcoin until the price recovers,
because after all the price of Bitcoin will definitely recover again, as long as we can be patient holding Bitcoin.

Being patient with Bitcoin will not be a problem if the goal is clear and it is for better profit at a time when Bitcoin price gets better. So making incremental purchases at a time when Bitcoin is at its lowest is still a very viable option for everyone to do because it is a very good job. And it's also natural that some of the predictions don't say about the exact time because they are also humans who always find it difficult to make any decisions for the future.

Given the current economic situation, it is highly unlikely for the market to fully recover, but will it drop below $20k again? That's what I think we all care about. Bitcoin has been hovering at $20k for a long time and now at $23k it will probably take a while at this price before deciding on a new trend. Compared to last month, bitcoin is currently much better trading at $23k, but there is no guarantee that we will not be in bear season. I think we need a target of at least $30k to say bear season is over.

I was a bit Busy and Distracted but If you noticed, Bitcoin was supposed to pump together with the Stocks Market but it was just @ $22k/$23k Area , by the way the NASDAQ has been pumping a little and will pull back soon for a Quick Rebounce and in that case, I think Bitcoin will pull back to $20k Area and then Bounce Up. So always take healthy profits when you see any.

it seems that the market is still conducive without you developing ups and downs, but some predictions say crypto users who want to invest in Bitcoin should be patient a little longer to determine the buying situation, of course they don't mention that time.

This means that it is marked that Bitcoin will decline again for the lowest point and for the moment to determine the purchase.

Are we at the bottom already? If for bitcoin, ethereum and some top altcoins, that can't be since they are now recovering greatly. Maybe it will sound better if you can say something like "are we heading to the bull run already?" because many people are starting to feel positive again and think that this is really a start of something new.

I don't know if what are the status of other coins since I am not monitoring them actively but maybe many of them are still stagnant or keeps on declining. No one knows for sure if what will be their real bottom but was that really matter to you? I think what matter's the most is that the best coins are now doing fine.

seriously ? we have seen 17k recently so meaning it is not 20k is the bottom instead either lower than 17 or that 17k is the lowest and yes there are some speculative thread that says it is 13k that is the bottom this year.
But how much is the question needs to be answered?

for me ? there is still 15 thousand that coming in the coming weeks or months.

Considering the situation we are in right now, I wouldn't say that we are at the bear market anymore let alone be in the bottom. The bottom was long time ago and right now we are doing fine, people should realize that once you start to do good, that is not going to change that easily.

We reached 68k before we started to go back down, I do not think that it will stop at 25k max and then start to go back down again this time around. This wasn't just a small increase, our bottom was close to 17k and our top reached 25k in the recent period, that means it was a 50% or close give or take increase. I do not think that dead cat bounce would be as high as this one.

Potential drop to $20k I guess, but further below that may still have chance but not most likely as dollars and other essentials are recovering now. Everything seems gradually recovering and one thing I've noticed, Bitcoin is also gradually recovering. Though it is not the kind of recovery that will reach the $30k-ish, but the kind of recovery where it's telling us that it already hits the bottom through this bearish run.

Yes, its really tanking and we've been holding for the price to sustain into its current value but there's no assurance that it could able to hold for that long or totally we would really be seeing reversal
later on and the thing that makes it really hard to do is to make out decisions on times like this where everything is really moving sideways or doesnt really show up that much volatility.
We cant determine if its the bottom or not but with those few indicators like that index will really be not a bad idea to look at on how market sentiment and condition is been experiencing on
plus trying to look around in terms of events and sentiments which we could say that the market isnt really making that much in terms of negative aspect which it do really shows out
that there's no way that we would be going down even more.

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while.

However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now.

The market is undergoing corrections ever since we hit the all time high last November. And obviously, we hit the bottom at $17.5, but have been bouncing around the $20k'ish for quite sometime now.

Yes, market is doing fine, but unless we go and break $30k, for me we will see the price as going to be on a sideways move for quite a while until we will have that break out run. And who knows we might be out of the bear market or may not see another lowest low if we go past $30k in this bear market.

Market is in the process of making corrections. Imo, all the markets are facing a downward trend. This is the nature of the market and it is under no one’s control to change its nature.

Let's take an example of a shitcoin and it just goes up and up and then disappears from the market forever.
A stable market is a market that is always fluctuating and adjusting, it reflects the supply and demand of the market. a market with only one uptrend is an unsustainable market, bitcoin fluctuates up and down and it has been around for over 13 years and always will be. The deeper the decline, the stronger the increase.

Everyone who owns Bitcoin must be very happy to see the price of Bitcoin go up, the problem is that it is impossible for us to expect
the price of Bitcoin to continue to rise. There needs to be a correction, so that Bitcoin can go higher. Regarding what the lowest price of
Bitcoin is, it seems very difficult to know this. Bitcoin movements are very volatile, so it is very difficult to predict. As long as we understand
how Bitcoin works, there should be no need to worry how deep Bitcoin will go down. Because based on the history of Bitcoin movement,
Bitcoin price can always recover and will rise to a much higher price every time it experiences a very low price drop.

Therefore the bear market that is happening now we must be able to see it from the positive side, which is our opportunity to collect as much
Bitcoin as possible. So when the Bitcoin price recovers, we can make a profit from Bitcoin. Even if the price continues to decline after we buy,
we only need to hold the Bitcoin we already have until the price recovers and never sell it at a low price. So in conclusion we have to trust
the future of Bitcoin, then we can be more patient when investing in Bitcoin.

We have all seen problems with this market. Everything is showing the general state of affairs. Everything is in an unattractive state to look forward to. But basically, each of us has a different way of managing assets and investing in order to be able to find profit opportunities. For me, this period needs to rest more after the growth process. long preparation for the next cycle. Right now, potential problems are still burning and are expected to happen in the near future, with a worse impact on the economy in general.

We are going up because stocks are going up because bond yields have started to hint that the fed won’t be aggressive in their hikes. We will get a couple of more hikes and then we will most likely get some rates cuts.

This seems true now because I think inflation peaked last month with gas prices going down and everything should be cheaper now.

So unless we get double digit inflation. Which is unlikely. This was most likely the bottom.

Somehow 1btc is still 1btc but honestly every commodity or asset should be priced in USD or any currency. The value of bitcoin is being measured in USD price and that is true. We use bitcoin for payment, but the product is priced in USD, not bitcoin, bitcoin will only be paid at the time of conversion to USD.
I also personally expect bitcoin to hit a new bottom in 2023, $17.5k is not yet the final bottom for this bear season.

Not only you, but all the bitcoin holders and bitcoin lovers are happy when they see that bitcoin prices are on the rise. However, when bitcoin prices grow exponentially then the correction in the prices is always due and this correction may take months to complete. If we see the history of bitcoin, we analyze that bitcoin always traces up to 80% of its all time high, therefore it means that the bottom is not yet in. The potential bottom can be between 11-12K but who knows that this time was different and we already had a bottom just under 18K.

We would be able to quit comparing bitcoin to fiat currency like the dollar when either the fiat currencies are obsolete and/or no longer used or US dollar has become so weak that its value does not matter. Until that time people will always calculate bitcoin valuation in terms of dollars and we will be finding the tops and the bottoms in every market cycle.

You can't see the bull market coming yet since it's already over a year ago and we are in a bear market. AFAIK  bull market only come when it's done halving and that's every four years and usually the bull market will trigger after but it takes more months before it pump which looks like a trigger of FOMO. And if you want to know when is the bottom? That question has been asked a thousand times here and the most common answer you will get is "no one knows" and it's true since no one actually know when it would happen but if you are in this market for a long time, will know when or what is the bottom price then but not really accurate although it's close to their prediction.

Not that is what I see. I even think that we're done already, in fact, as you can the price of Bitcoin becomes stable above $20k for a couple of weeks which means that we are leaving the bottom already which is $18k (not the exact price). I don't think those "many " as you have mentioned are certainly aware of the situation or just making their speculation based on the wrong information.

The market is already fine. However, you can also think that many factors that could affect the momentum and possibly change the trend from time to time. So I suggest for you OP to keep calm and easy.

Those problems don't really need to be resolved for Bitcoin to grow. The relationship between them is not a direct one. Negative economic events affect Bitcoin in short-term, but eventually Bitcoin decouples from it. Bitcoin had one of its most devastating crashes on the start of COVID pandemic, but a few months after that it recovered and started showing growth, while the global economy struggled from supply chain disruptions and quarantines.

Ultimately finding a low price around here, establishing support and rising later will be a positive .   Because the foundations are still setting and uncertain it doesnt appear to be much of a positive just yet, its very unclear.    On the daily bars there is a set of higher lows, even looking back a month I could conclude BTC is doing quite well considering we dont have the best enviroment for gains right now.

I guess it's really up to us on how we see bitcoin, as you have said, most of us there see is as 1 BTC=1 BTC others pertain it on USD value. As far as the bottom, we might have hit it already, but there are still some arguments and this is based on previous all time lows, that it has to reach -80% or higher to call that that we have hit the bottom. So far that is not yet satisfied. So maybe we will see another nose dive next year and that might be the final, before a leg up and then eventual bull run in 2024-2025.

One unique fact that may be overlooked more often due to the luxury of bitcoin pricing is that bitcoin is still an experimental currency. This can mean that bitcoin is still in a potentially good or even bad stage of development so that whatever may happen in the future for bitcoin cannot be predicted with accuracy.


After all, price volatility is still a mystery whether it will be able to maintain its price above thousands or tens of thousands of dollars or maybe not, but because of the high interest there is confidence that it will be maintained.

The market is fine for traders as far as they can profit from price volatility but I can't confirm that we are now at the bottom while we know there are other possibilities that could cause it to down deeper. Consider any risk you have to invest in an amount you can afford to lose, which means you may have to sell immediately if you can't accept the risk.

Don't mix value with price. Bitcoin is priced in dollar but it can still be under or overvalued. IMO it's currently undervalued and when it fell into depression of ~18k it was largely undervalued.


Items are bought and sold around the world for various currencies that are exchangeable for other, yet nobody worries that they sold a car for EUR, but if the buyer agreed to close the deal in USD they would've earned more.

My advice: don't worry about these things! You can't make the best deal in the world. There will always be something better and more valuable you could've bought for the same amount of money in USD, bitcoin, or any other currency.

You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise

I don't have a clue.

But with the hope that everything is gonna be fine is what I've got. All of these things that are currently happening, I'm thinking that they shall pass anytime soon.

With those events that I think that won't impact that much for bitcoin since its volatility will have its effect whether we have those global issues or none.

Yeah, the market is fine as it was up from the likely of bottom that we've seen around $17k.

It's hard to tell what you are describing because most people refer to stocks when talking about "the market". Funnily enough stocks are still going very strong even though there are all these recession warnings around, which is the opposite of bitcoin that took a huge slump recently but is slowly regaining ground. You have to consider that crypto is extremely high risk, so the moment things start dipping, everyone is in a stampede for the week exit and it takes a long time to regain trust. You also have to consider that it's getting a lot more expensive to borrow so people don't have cheap money available now to "invest"

if you already have a clear goal there is nothing to worry about, 1 btc is still 1 btc. the long term will provide more profit and focus on higher prices than currently. you have the right thoughts about how you can direct your focus in a better direction than having to worry about market bottoms. market bottom is an opportunity to add bitcoin assets.

I believe that we are at bottom stage.  Market is moving forward and backwards slowly but it already touches a new loer round about 17K$ and may be touch a new lower.  As we see to move upwards in next coming months. My opinion is that our bottom stage will be ending soon.

The price has been around 15% higher over the last week than it has been throughout June and most of July, so it might be that we're on a slow way toward recovery. Of course, that's not guaranteed, as the stability around $23k hasn't been out here for long, and even after periods of long stability the price can drop significantly if some very fud-generating event occurs.
But I wouldn't say that the market's acting 'surprisingly fine' as the op put it because Bitcoin has no reason to suffer when traditional markets are going down or top fiat is devaluating faster than usual.

Yes, the market is doing well and is still moving up and down. 1 btc will also remain 1 btc but the price has changed. But we will never know when the price will bottom out and we will only know once the price starts rising sharply and continues to increase to form the next high or ATH. We just need to concentrate on collecting bitcoin and fiat and if the price gap continues, meaning the price is still up and down, it can give us an opportunity to buy low and sell high.

what else fo you expect, panic ? or fear of uncertainties? i believe these are what comes out from investing on other cryptocurrencies than bitcoin but whenever there's high volatility in bitcoin price, it calls for readjustment away from other cryptos


I don't think these have anything to do with the bottomless or rise in bitcoin price, they are economy factors that bitcoin price doesn't consider to operate it price network



we aren't in recession but inflation is already ongoing


do you want to run on a garbage in and garbage out system? if no then we need patience and time to allow this bear season to go in order to enjoy the bull one longer as well.

I don't know if it ignores and will ignore bad news from now on, but I'm 100% sure it is undervalued. Any asset that falls 70% from its high without any fundamental problems, is undervalued.  What if you held stock of a company and there was nothing going on with that company and knew the only reason the stock is going down is because the US is trying to pump the dollar and the global economy in trouble, would that make you sell at a loss or consider the stock undervalued.

I see it in black and white. A stock is having problems because of fundamental reasons like a threat of bankruptcy, or the company is doing something shady - I sell. It's not having any problems but losing value because fiat money is gaining or people are selling because they don't know what's going on, if they'll be able to pay their bills next year - I don't sell.

Before you concentrate for getting more for sure you will think about spotting the possible deepest price reached by bitcoin, but its really hard to see this because knowing that all what we like sometimes didn't come to reality that's why its important to focus on accumulating while market volatility is so movy when the time you are doing your trades.

I use to worry about the market price and wonder if we were at the bottom until I read a topic here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.

The answer is simple, people think and take Bitcoin as some bubble and intent to keep blowing up in price at whatever price they buy it. People care about their investment and returns the same way they care about the price of fuel and can even make protests to kick against fuel increases. But the fact should be, people should view Bitcoin with the right perspective and positive mindset having in mind that Bitcoin is a speculative asset and a lot of factors contribute to its price movement and that is why Bitcoin is referred to as one of the most volatile assets on the exchange market.

There has not been any rallies so far. All we had was a small recovery and then market entered what is called a sideways situation. I personally don't consider anything about a sideways market to be "fine" because it represents a state where people are very undecided and fearful. They don't buy and  they also don't sell (mostly because they don't have any bitcoins left to sell).
Until we see an actual rally (going beyond $25k and staying there) things won't be fine.

And we don't need to know then. Perhaps, being in a bearing situation isn't new and we all are aware of this.
And we are also aware of many factors affecting the market, a short pump can't be called an indication of the change of trend, it eventually drops again. But as we can see the market is getting better, we just hope it stays above $20k until the end of this quarter and then moves slowly close to $30k. It is hard to find the significant reason for this pump but at least we have this. And I don't bother to check the chart every day.

I won't call the situation the price is at now a mess by any means. It's just a normal price correction, after the ATH of last year; nothing too serious.
Also, all those factors you mentioned are not fundamental problems related to Bitcoin or the cryptocurrency market, they are external market trends which can indirectly affect other global markets.

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Note that the market is not determined by the extremes of ups and downs, but rather the period of stability in-between, and that amount that Bitcoin stables at over the years have been consistently increasing.
After the 2017 ATH, the market settled at below $8k for most of the time, now we have an apparent bottom of >$22k which is a significant increase. Those are my biggest takeaways from this cycle.

None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.

$17500 has been the lowest price of bitcoin after 2020 halving significant bull run, but we do not know yet if that will be the $3000 of 2018 which I think if what you are talking about because 2017 was a bull run period. It is still possible that the price of bitcoin may fall below $17500, or probably not. But you are not wrong at all because what that matters that good analysts will consider is the halving period, even if bitcoin may still fall further, the price it is now can still be considered to be the bottom because if a significant bull run start, we can expect the price of bitcoin to reach over $100k and that is going to be after 2024 halving.

Many technical analyst providers believe we are at the bottom. Or they may not have counted the crisis we have yet to meet.

Despite all the chaos and the fundamental problems, I think all there is the need for BTC moon is halving. Consider $17K as the higher low compared to the last $3K in the 2017 bull market which makes this market to be great for those who bought at the lowest point in the cycle. By the 2025 bear market you may be able to look back that you made the right decision.

^ Indeed. Even when we've been there we feel the need to look up in desperation hoping we don't get lower -- when really we should be "thankful"  Bitcoin spends the majority of time in the bottom. I'm a really slow and steady "collector", DCA-ing all the way and liquidating when I'm forced to (unfortunately missing two ATHs).

Of course I feel those pangs of regret, but I've definitely seen more than enough to feel pleased I'm given a second chance to accumulate in extra value range. If it gets lower, I benefit more.

DCA baby.

why is it that people think that bitcoins price when it was the AllTimeHigh felt to them/deemed that price was the sustainable 'value' price where the correction(they call crash) is felt as negative

and yet when fuel prices go up they cry that the price should come down..

the answer is simple..
they forgot that the real value of bitcoin is at the bottom looking up. its not at the top looking down
they forget that right now is cheap to buy more before the speculation rise.

they also forget that this cycles bottom is actually higher than the previous cycles bottom and so bitcoin is doing as intended.

the price is not 'down'.. the price is simply at the good value area instead of the overhyped bubble zone of ATH, in other words where it should be for a good market/valuation

stop looking at the ATH and then cry at the corrections.
look at the cycles LOW and compare that to previous cycles low. understand bitcoins value has risen since the last cycle and all the speculation bubble of market price of temporary events in between is just the added price layer ontop of value. where the higher it goes in a short period the more the price has to retract/correct in same short period.

if people can start to see the value as bottom. and have the mindset of buy low sell high
they can start to get it into their heads to see where value is and then gauge that the price is near value or a premium to assess the risk of buying. EG
if you are buying at the ATH you're at high risk and buying at a premium. so try not to go FOMO buying at the top
buy low sell high. and take the many oppertunities of the temporary price swings of ups and downs above the value line

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom. And there is a big reason for it. Market acting surprisingly fine despite everything.

First it was interest rates. We knew it will be around 75 and it was. And market rallied (relief rally?) And it did not stop when numbers came in and US GDP growth was negative for the second consecutive quarter (which is a big recession indicator).

Why is that? Many think it is because we have allrdy saw the bottom and that market is currently "undervalued" so it is kind of numb to bad news. It very well might be the case, or it might not. Frankly It is not about where the bottom is (if there is one) but rather when there will be room for real growth! Current situation is:

We might allrdy be in recession.

Inflation is still here.

War in Ukraine continue to have an impact on energy and food price.

Feds made it clear that Interest rates will be raised more and more until inflation is under control.

Do you see any good signal that we might get out of this mess? Bottom or not until these fundamental problems are solved I just can't see a bull market coming.