Topic: Bitcoin bottom prediction? - page 4. (Read 943 times)

Although today the market can go up more than 1%, but I'm not sure that the bear market has been completed, we must always be aware of the many scam cases that will make Bitcoin performance decrease, the biggest scam is of course from exchanges, because exchanges users can reach millions so that they will has a significant impact on the market.

That's decent enough. If you continue DCAing (since it's uncertain if we already reached the bottom) you can save more while we're waiting for bearish season to be over. DCA strategy is good because you can engage yourself at anytime, less stress since you don't have to mind the price.

Anyway, it's hard to pin point if the current price is the bottom or it might go down further, we really can't tell. Thus, do what you think is a good strategy at this time that can benefit you in the future. Don't wait for the lowest price before you buy, because this season is already a good timing to fill our bags.

Low bottom for the ongoing year won't happen much. Maybe the price can go close to $15k and the same won't drop to $10k or something. Even now it is time to accumulate through DCA and this can make you not miss the opportunity. By the falling year if the market trend continues to be the same as now, there are chances of reaching $12k or down to it.

Those who think of buying at the bottom end up missing the opportunity. Because no one knows what the bottom price of Bitcoin will be before the next cycle begins. So at the price Bitcoin is now, those thinking of holding long are slowly taking their positions.
When there was a big dump in 2020 before the start of the last bull market, many did not buy in the bottom hoping to buy at 3k. After that the rest is history. So it is beneficial to take entry on time without expecting too much.

We already touch $15k last time so I guess that is enough and as we can see the price is above on that level again. Before we get to $50k, we still have a lot of checkpoints to pass so I don't think we will see your price on January. I do believe that 2023 is going to be a good year and different from this year but many people are not expecting the same.

I think that is because we are closer to the halving so they just assume that the gains will happen on that day only to make things more special than it will happen now or next year and then there is no more to expect later on. For those that who want to buy, they should do it now as this price is more surer, than waiting for the price to drop again.

That is the point here, we have dropped so much, will we drop even further? Nobody declines that we haven't dropped, of course we have and the question would be if we dropped too much or will drop too much more? I believe that we reached 15k levels and that was our bottom, I do not think that it will go down anymore and that should be the lowest point of all.

Some people think that we haven't seen the bottom yet and there is a chance it could drop even further, I do not know which one is right, but that is what we are trying to guess here. I still think that the bottom is probably in, we already saw the lowest point, that is what I am feeling close to, but I can't guarantee anything to anyone about it.

Only a few dare to act at this time because of the fear of those who want to buy bitcoin at low prices. That shouldn't have happened because they have seen bitcoin's journey, even if not from the start, but at least they know that its price will always go up and down. What they need to pay attention to is when the price decreases, that is the time to buy and hold it. And if the price drops lower again, it's another opportunity and it's up to them to buy again or wait a bit and confirm that the trend is down. If the trend continues to go down, they can place buy orders at the low price they want after they do further analysis.

If you look at the trend that has occurred since ATH, we will see that the market continues to decline, even a few days ago the price touched its lowest level, which was around $ 15k. let's wait whether in December the price can go up or not, I hope that the price doesn't drop again so that we can get profits and make investors more optimistic about the future of bitcoin.

^^ Maybe, but still a full year ahead of us, full year of still bearish sentiments running around that can create another lowest low or bottom for this bear cycle.

Just hard though to see the price hitting at $13k or worst the $10k that everyone is hoping. Because that is the best chance for them to start accumulating because that could be the bottom price that we all have been waiting for.

According the Bitcoin Rainbow Chart the bottom is already here https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/ although this is only indicator, but I personally believe the bottom is around $15K and next year 2023 maybe we will see some recovery

Price mostly rely on if other countries will use bitcoin as like el Salvador, if most country will adapt and use bitcoin i think the price might go up, but since there are other things to be consider , no one knows but I'm positive that bitcoin price will go up, the time and date is unknown though, every other year price will go up and revisit the dip price so if you will look at the graph its still going up, also big traders are somewhat also have an impact, news and fuds also does make the difference.

I also predict we haven't made a bottom yet but just waiting and not buying at this point is not a wise decision, as it's all guesswork, possible or not. If our prediction is wrong and bitcoin starts to rise again, we will miss the opportunity. In my opinion, we should continue to use DCA instead of waiting for the bottom as expected.


I don't think bitcoin will hit 50,000 in the first quarter of 2023, which sounds unconvincing because, just looking at the economic situation and we are far from halving. Therefore, it is difficult to expect bitcoin to bounce back and hit 50k.

you have mentioned the word HOLDING meaning you can carry to hold right? then you should not bother of what is the price now or what would be the price tomorrow. as you can see the price keeps on holding it low, and bottom cannot be told right now.

there are movement that follows the cycle but that are only when the halving is near.

but its on you mate, a piece of advice , keep on holding .

I think, the price of Bitcoin will still decrease to $15,000 before the bullish season will appear because the price of Bitcoin will definitely increase to ,$50,000 next month for traders to believe that 2023 will be a better year for crypto traders in the community. The market price is still low for those that missed the opportunity to buy at a lower price to buy now or wait for the price to decrease to $15,000 or $14,000 before they can buy and hold for the bullish market to come so that they will not regret when the price of Bitcoin go higher.

Forget about DCA and everything. Are you investing money that you can afford to lose and prepared for holding long term? Or are you speculating and trying your luck? If it is the former, keep investing as long as you can and don't wait for any lows or highs. The market is unpredictable and you might lose your opportunity if you keep on waiting for the low. Even if you invest at the "wrong" time, you can still keep holding and wait. If the price goes down, you don't lose anything unless you sell. But if it is the later, you should know the risks involved and be willing to lose everything.

There's no need to tell people how many bitcoin you currently have, it just damages your financial privacy. So bitcoin should teach you about that privacy, and protect it.

Keep doing DCA as long as you have the money to do it at every drop. We never know whether the bottom will be reached or not but if you only care about long term investing then you should only think that $16K to $20K is the lowest area to invest in bitcoin.

Just target that in the next year you should have more bitcoin and save them for the long term and enjoy the results of your investment later. I think that's the best mindset you should have right now instead of thinking about another low that you're not likely to hit for the rest of this year or early next year.

I think this is the best time for you to collect more Bitcoins in your wallet considering the price to buy is still at $16k and $17k although it is predicted to decrease again.
In terms of buying, I tend to want to tell you that buying when the current price conditions are more profitable as stated by Nayib Bukele that El Salvador will continue to buy Bitcoin and for me the current market price conditions can provide an answer when is the right time to buy .

At the top of the next rise, you will see how much profit you will make, especially if the price can increase to above $ 100k.
That is a huge profit you can get; if you buy more and repeat it, you will have more bitcoins later.
But as we know, no one knows when bitcoin will bottom out, and we can only guess.
You can continue doing DCA as before and be patient, waiting for the price to increase.

I'd continue the DCA. Even when it drops you will be in a good position, and I doubt it will take long once it reached the $12000 mark which is your predicted number. There will always be buyers, do remember that. What's happening now is a good example of it, a big exchange just went bankrupt and yet Bitcoin is keeping the strong price of a 5-digit value.
Imagine how many investors will be lurking around to get that cheaper price.

i can always spot peoples prices..

the topic creator bought in summer at $24k and by his predictions i can spot he wants a -2x to buy in huge at half price his first investment

its the same as those that bought in at the $50 then promote "bitcoin ro $100k"

people are not doing any research on any fundemental reason the network and price would move to these levels in peoples time frames. they are just shouting the prices they want to see to buy more or to sell. and hope they get a huge amount of replies agreeing with their sentiment so they can ease their mind its possible

unless hashrate comes below 200exa long term. the underlying value of efficient wont rescind below $12k to allow the market speculation price which sits above value to correct down to $12k

unless inefficient mining costs have substantial increase where many countries (if they mine) have a +$100k cost. no one is willing to buy from market at $100k

the ATH topped out at $70k in 2021 because location on the planet, (should they want to mine) could mine for under $75k last year

the markets are bottoming out at $15.6k because no one on the planet was able to acquire bitcoin from mining or private OTC for less than $15k earlier this year

if no one on the planet wants to sell below X(bottom) and no one on the planet wants to buy for Y(top)
then the market price sits inbetween X and Y

X and Y become the ultimate support and resistances of the market price window of trade speculation