The last bottom we have is $3200, so obviously looking at the current price, it seems what we are out of that range. But knowing crypto, we still don't know what's going to happen. Remember last year, when the price of bitcoin is trading around $6k-$65xx, then all of a suddenly the months of Nov-Dec was one of the worst for us as the price continue to plummet and bottoming at $3k.
So let's see how it goes, all we can do is what and hope that we won't reach that lowest low prior to the block halvening.
Topic: Bitcoin Bottom Has Passed, Delphi Digital Says - page 4. (Read 715 times)
This is most welcome, to see volume boost, but it is still too low to have anything taken seriously, especially in the range of 9k to 10k, why things move so quickly there as we saw last week instant almost move to 10300, is because almost no orders in the range.
I would not say market bottom is behind. We still needed to see longer stays in the deep 6000.
I would not say market bottom is behind. We still needed to see longer stays in the deep 6000.
Qell, I hope so. The current stable 9k$ price was really quite a relief to see when the sudden pump happened. I honestly thought it would do a bearish run instead of the current today. I can accept a drop to 8k but I hope it doesn't go any lower now. I believe its a part of the expectations with halving and that is holding the BTC at its current price. It's pretty much just waiting for something explosive to happen before another push comes
I hope they were right but current price around $9,201 still vulnerable to drop below $8k to $7k level again hopefully its the end of stable level. Past news are pretty bullish also except for some perma bear economists still hoping Bitcoin to drop more.
Obviously, the bottom was $3000, bitcoin price increase more than 200% to date.
The bear market lasts one year after bitcoin reaches the peak and has entered the bull market which could last 2 years according to the market cycles.
The bear market lasts one year after bitcoin reaches the peak and has entered the bull market which could last 2 years according to the market cycles.
Hopefully it will as the bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 last October. There were also lot of progress and development in favor of Bitcoin like the comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology so i think that this is enough to make the price of Bitcoin to become stable because i believe that the Chinese could really influence the market movement too.
Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
I also foresee things coming together as early as now, and there's no sign of a bearish market. There are quite a lot of positive news that's coming to Bitcoin, or cryptocurrency in general. There's the news about Starbucks opening support to crypto through Bakkt, and the nearing halving of bitcoin generation that would impact the supply, and given the continuous or much more demand, would make the prices soar. https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
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