Topic: Bitcoin Bottom Now - Rise Soon - page 6. (Read 829 times)

The stagnancy of the bitcoin price is due to versatile factors. This covers different amendments in the regulations of Korea, China against the use of crypto currencies. They had major impact since they drive most of the volume into the crypto currency. After the event everything sank down to bottom.

Later on crusher news like China new year, Financial year end came in hot making everything stagnant at some point.

However, it’s the time when everything will be cleared as people will start getting into bitcoin again rather than altcoins.

Altcoins has no future this year except the ETHER.

Yes I believe same that bitcoin will rise very soon because the deep fall time will soon be over and the price of bitcoin will skyrocket any time soon, despite the fact that bitcoin is very volatile in nature one can still easily judge it movement considering it past success because as at this time last year bitcoin price was a little above $1000 and we saw what the price was as at the end of November-december it rise to up to $20k so I believe the price of bitcoin will rise soon.

I think that bitcoin will soon rise from the very low and bitcoin will skyrocket and pump so the price will be high

Well, I am not so sure I want to publish charts, but I did describe my analysis earlier in the thread:

"Thanks for asking, but I don't have the chart posted anywhere and I would have to upload it somewhere to show it here.

Basically, the price seems to have gone above the downward trend-line it has been following since 1/15/18. Breaking above that trend is a big shift. Also, my estimate is that on 1/21 the price fell below where the BTC price would have been had December not had such a crazy shot up. I now believe December was an outlier. So, if you remove December's crazy growth, we have now reached (1/21) and then gone under (1/22 to today) where BTC should have been had December not gone crazy.

My estimate of where it would be today, if not for December is 12,500. Since we are both under that line (below 12,500), and also now breaking the downward trend from the past several weeks in an upward manner, I think we have already hit the bottom.

If you don't throw out December, we are due for rise to 18K to 24K which is why you see that number a lot.

I'm doing things differently by suggesting December is an outlier. When you find an outlier in research, you should throw it out.

The December to now drop is 50% (almost). That's not normal for Bitcoin - clearly an outlier. If you remove December, we are right on track for where we should be today, just a little under which should mean growth is coming back soon.

Throw in that people are waiting to jump back in, and who knows where it rises to. But the clearest signs I see are we are at, or already hit the bottom, the floor.

I know I sound sure, but I'm new to charting, so I'm not sure. I'm good at research, but new to charting Bitcoin though I have followed the community for years."

The best time to buy was yesterday 

So no more time to waste now and just action. If you want to miss the boat again  then just watch.


Nice believe and confident then. Reach $40.000 is not smal and easy job for bitcoin. It can be reaching because nothing impossible in crypto but its still difficult. Be realistic

We are looking forward to the price rise.

I don't see 9K at all likely. I think 11K is the bottom, and now it goes up. What makes you think 9K is possible? What chart are you looking at?

There are a ton of alts that are not needed and there will be many many more. This is just the start. I remember when there were less than 30. When we got more than 100 it seemed like there were tons. Now, wow...just going to get more and more.

Price now: 11,883

Hi there Forward_Thinking! I am also looking forward for the continues price increase of bitcoin. What hinders the price I think is the tons and tons of new unnecessary coins. However, there are coins that are promising and giving a good benefit but there are still some that just bubble and fade away. Looking at the chart it seems that when the price breaks below again by 9k it will continue to drop, but if the price hit 17k, it will continue to sky rocket again.  

Yes, You right you can check the year 2015,2016 and 2017.
In all those years bitcoin price is very low in starting months like Jan and Feb, But at the end of the year it rise again.
I also think it price is going to reach 40000$ by the end of this year.

The price of bitcoin is now well shown that you have fallen to 9,000 USD per 1 bitcoin now that its price is at 11,390 USD per 1 bitcoin for me it's a good sign that raises its price now. As we always have to update on the recent changes in bitcoin because we all know Bitcoin is dynamic and has no stable price be patient

Is there any solid reason for bitcoin rise now?

I think it'll take some time before it touches $15k mark again.

Yes same as yours. History repeats itself. The price will backward and forward. Negative and positive. This is always take place in bitcoinb price. It's back will coming soon.

and where is this analysis you are talking about?!
when you post an statement like this, you have to post the analysis too! use tradingview.com if you haven't already

the shift to the altcoins happens all time every time bitcoin is stable like this meaning little change and only sideways instead of a clear rise or a clear drop.
and that money that went to altcoins is standing at the ready to come back.

why do you think each time bitcoin makes a major move, altcoins get dumped?

I think it's really at a low price right now.
From the K chart of history, every February will start to rise again, so I think it might be a good time to buy BTC now.

You are right about January. It has been a bad month for Bitcoin the past several years in a row.

Bitcoin is getting a good support at that price therefore we can see that it is the bottom of bitcoin. In fact the investors know about the importance of bitcoin and therefore they are not letting bitcoin go down anymore. Hope that that bitcoin price will start increasing its price in next few days and will continue increasing for long long time.

Fingers crossed we hit the bottom and we begin to see a rise. January has typically been a bad month for Bitcoin over the years so now's the time to start that recovery!

Yes. Its like last year. One or two weeks it dropped then all of sudden it went boom! Now I think the rise is slowly happening.

I think the $10.000 price range has established itself as a very strong support. We will either climb from that and retest the 14~15ks or consolidate for a little while longer. BTC needs some good news coming its way though, it's been more than a month with nothing but FUD