Topic: Bitcoin found the bottom? - page 5. (Read 911 times)

And this is something that people should really be that wary about or something that do talks about having that realization because there's no one could really be able to determine or would be able to know on whats the bottom. We cant be able to see on whats ahead and even with the current market condition on which there's no fundamentals or news around but turns out that the price is really that going down.
We've been trying out to hunt to bottom. We do know that the price had gone down on $49k recently and tons of people have been that believing that it could touch up 42 but it didnt push through on which
this do really always proves out that technical analysis and other fundamentals will really be that always effective. This is why it cant really be avoided that we do keep on making up some questions and speculations towards the possible movement that we do able to take. Somehow its not something new because we are all speculators on here.

No one would indeed have the cryptal ball on who would be able to know on where prices would be going. Its up to you whether you would be making up some entry on the current price level or you would be waiting up for further dips for you to maximize profitability. Its not really that bad to consider on the current price but just like been said that it cant be avoided that we will really be thinking up for more and this is why
we will really be trying out very best on maximizing profitability on which it would really be causing up for us to wait up even more whether those calls or decisions will really be a hit or miss.
Tons of factors that could really affect out the result or outcome, so better bare up yourself into those probabilities.

Bitcoin price is now generally in a bit of volatility, having touched $56,000 directly from $62,000. So a lot of people make a lot of comments, but I generally think it's normal for this kind of dumping to happen before a bull market hits. Because every investor has ample opportunity to hold Bitcoin in a deep market, I am not alarmed by the current volatility. Because this is the biggest opportunity to hold Bitcoin, because market conditions are not always bullish, dumping and investors can hold, that's why dumping and pumping is normal in Bitcoin market.

No one has a crystal ball to know the future, so no one can answer your question, not even those who claim to be experts. Those who still want to accumulate more bitcoins will always want bitcoin to fall further and vice versa, those who bought at a higher price will want bitcoin to recover from here. The market always has bulls and bears for you to choose from, and it all depends on you.


What is your purpose in knowing the bottom of bitcoin? Are you planning to accumulate more bitcoins? If that is your intention, I recommend you buy more bitcoins if you are ready because no one can determine where the lowest bottom is and where the highest top is. DCA and long term holding is the best strategy we have, don't try to find where is the bottom and where is the top.
 

Haven't we see the price lower than this before in this year? Correct me if I am wrong we have seen it around 50k to 49k and I can't say with all assurrety that this gonna be the bottom but might also see it bouncing back sooner. What happened is that there are lot of prediction on the bitcoin price which many of us have high our hope to because of the speculated news and of course investors and traders are using this to give themselves a kind of relief hope since they are already in a lose.

56500 doesn't seem to look like the bottom for me, taking a critical look at the chart, you are going to see this key observation on the one month time frame that there's a strong build of a bearish candle which isn't closed up yet so reversals may not be expected any soon and this is actually around the 56k region, where I'm seeing a possible support that my propel a reversal is around the 52k zone but it spans across to the 50k zone where its strongest and looking at the news in recent time sit appears to me its possible it gets to this point before a possible potential bull move as even some whales look like they are currently reacting to this.

For long term investors i believe this is what to look forward to because its the possible outcome in the nearest future but in the short term it may not make much sense because all yo may be seeing in the recent is typically a down ward trend which may seem like a loss to those who have their portfolio already and for those tryin to venture in may be scared because they are are going to think only in the loosing direction.

There are some predictions that Bitcoin might have a potential low of $46,500. So it is not bad to predict that the price might get lower than 56,500. However, with the expectation that the US Fed will cut interest rates, the value might push an uptrend. I expect the price to get to $100,000 before the end of the bull market. Anyway, it is also key to understand that the price of Bitcoin is unpredictable, so do your research.

Some analysts predicted that bitcoin may fall to or below $46000. It fall to $48900 instead. Now some analysts are predicting that bitcoin may fall between $45000 and $50000. I do not believe how true this would be but I think it is a good speculation. The way the market is right now, we can not know the bottom because bitcoin price is not really that volatile as it should be but ranging within certain price.

Do you think Bitcoin found the bottom now at around 56500?