Topic: Bitcoin market has already hit bottom for 2018 - page 2. (Read 1862 times)
Many analysts, for example, predictions - analysis last year at the beginning of the year, too, no one believed that it would be $ 10,000 and eventually made $ 20,000. so this year predict a minimum of $ 25,000.
Hello everyone, the community, I think the bottom is not the limit, maybe we'll see $ 5000-5500, but then take off
I think what you mentioned is true, because the conditions of bitcoin prices can already be seen from the graphs that create bouncing prices up again and hopefully that can make the price of bitcoin expensive again like the end of 2017.
I think the bottom is now finally behind us. Michael Novogratz believes so as well:
https://coincodex.com/article/2340/michael-novogratz-calls-bottom-for-top-coins/
https://coincodex.com/article/2340/michael-novogratz-calls-bottom-for-top-coins/
It seems to me, the bottom was seen already. Now the market is swinging to start the highest jump. Guys, please, do not get rid of your cryptocurrency!
Bitcoin has already touched the bottom when the price was at $6k which was the last strongest support. Since Bitcoin has already bottomed out, price is undergoing a trend reversal while building upper support one after the other. Quarter 2 is usually the bullish one followed by the bearish 3rd quarter. I expect price touch $15k mid term that is before July ends. After that a correction can take place ending with a bullish trend with expected BTC price to $25k.
That's a good signs of bitcoin to slowly gains its value and even if the bearish continues to affect the price to be more volatile, at least we have hope for our holdings. Hopefully the price corrections and all of our expectations will be meet. I am still confident that in June we will be able to experience how bitcoin price will be pumping, just like what happened the last year's situation bull run was in good track so $25k will be achievable and will provide huge profit to lots of holders.
I agree with the fact that bitcoin is still in its early adoption phase, and its prices will be considered to be extremely low in the long run when bitcoin actually gets more attention from newer adopters, compared to now when even though there is some hype but not a lot of real users.
However, I don't think that it's guaranteed that BTC markets have hit bottom for 2018 already.
IMHO, after this rally there may be a pretty big correction that take us down to test the support at $6k, which may not hold up. We're still bearish overall as a market, since everyone got cautioned by the huge pullback at the start of the year. Wouldn't surprise me to see lower lows for the year, although I'm as bullish as anyone on the long term prospects of BTC.
However, I don't think that it's guaranteed that BTC markets have hit bottom for 2018 already.
IMHO, after this rally there may be a pretty big correction that take us down to test the support at $6k, which may not hold up. We're still bearish overall as a market, since everyone got cautioned by the huge pullback at the start of the year. Wouldn't surprise me to see lower lows for the year, although I'm as bullish as anyone on the long term prospects of BTC.
Bitcoin has already touched the bottom when the price was at $6k which was the last strongest support. Since Bitcoin has already bottomed out, price is undergoing a trend reversal while building upper support one after the other. Quarter 2 is usually the bullish one followed by the bearish 3rd quarter. I expect price touch $15k mid term that is before July ends. After that a correction can take place ending with a bullish trend with expected BTC price to $25k.
I think it's too early to say that bitcoin descended to the bottom and now it will only grow. Bitcoin will still have corrections, but when and how low it will fall or who can not say. The waves will still be there.
yeah right. bitcoin didnt actually hit the bottom yet because 6k is still too big to be called a bottom rather we can call it bottom only when it reaches 3k up to 1k usd dollar. And yes , bitcoin will still have a future corrections therfor we cant just be happy right now , instead we must still make our back up plans or plan b if ever our plan a which is bitcoin will fall.
I think the price of bitcoin depends mainly on whether more new funds are encrypt, the volume of transactions in the last few months is very low, and we don't see more new investors joining, and I think this time is a good correction for bitcoin. Soon the market will come back, and many big organizations will add encryption.
Yes , the price of the coin will still depend on the demand and supply. i think the demand these past months are low , that is the reason why bitcoin became stable and somehow decreases a little bit bit now , the current market is now recoverring.
I have the same thoughts with you, bitcoin prices are market dependent, if many requests of course the price will rise. Now bitcoin starts to recover and touches $ 9000 price, but does not close the possibility of correction will return.
Bitcoin is like the Internet in the 80s. This technology’s going to work. It is going to be game changing, but it is very early days so we can have this massive volatility. Bitcoin market has already hit bottom for 2018 and that there is nothing but upside from here on out.
What do you think about it?
What do you think about it?
Although bitcoin reaches its lowest point, but I do not think bitcoin will disappear, and I think the bitcoin can increase again because bitcoin is the strongest and most popular coin.
The consistent increase of trading volume across major exchanges are confirming the in-flow of new investors which may take bitcoin prices beyond $50k too.
It's not really that new investors are jumping in, but more so that there was a lot money that comes from securing profits at near peak levels waiting to enter again. New investors need confidence in order to start jumping in, and that confidence needs to be in form of an increasing price. Once we smash through the $10,000 level that confidence will get a massive boost, and new capital will actually start flowing in.
Another major contributing factor will be that more and more large parties are focusing on private deals to obtain a large number of Bitcoins, and these coins will likely come directly from miners. It all comes down to a lack of trust in current exchanges, which I perfectly understand. In other words, with less lessing pressure from miners, the market will face even less resistance in the forthcoming years. It's pretty safe to say that the OTC market has already surpassed the regular trading volumes, and the gap will keep growing with how incompetent exchanges are.
Bitcoin finally came back after three months later almost lost the value to 48 percent. This indicates a large investment tub has begun to see the existence of clarity.
Well the best thing about this is that a positive market will again attract investors in. We've seen the volume increasing this past month and if anything, that's a good sign of things to come. Hopefully it get's sustained though so we can welcome the bulls back
Or maybe what we are seeing is that the bears season may finally come to an end. From the last bottom of $6500 to the current price of above $9000 indicates that investors may have been renewed their interest once again. So its time for us to recover and we might see the price goes above $10000 in the next coming weeks. The price keeps fluctuating though in the last couple of days but I don't think that its a sign that we will dip further. It may be really a sign that good things are ahead of us and the possibility of hitting another all-time-high at the end of the year is not far off.
Bitcoin finally came back after three months later almost lost the value to 48 percent. This indicates a large investment tub has begun to see the existence of clarity.
Well the best thing about this is that a positive market will again attract investors in. We've seen the volume increasing this past month and if anything, that's a good sign of things to come. Hopefully it get's sustained though so we can welcome the bulls back
Bitcoin prices have fallen sharply this year. I believe that by the end of the year it will grow very beautiful. May be $20,000 - $25,000. Same waiting
There are always some rapid and sharp drops in price to always look forward to which I believe anything can still happen. I normally do not use present moment to judge the state of bitcoin since we have seen the market hit some levels before and still ended up going back below that level even when it was once a huge support. The market will always do anyhow as it wants or pleases, but calling the bottom at early this year when we have not even gotten past $12k is really not it for me.The price has hit the bottom last month and now the time has been changing with the passage of time, the value is sitting itself to jump high.
I must agree that we are all expecting the downfall of prices up to $6000 levels which happened must be a bottom for this year. The consistent increase of trading volume across major exchanges are confirming the in-flow of new investors which may take bitcoin prices beyond $50k too. Bitcoin finally came back after three months later almost lost the value to 48 percent. This indicates a large investment tub has begun to see the existence of clarity.
Well the best thing about this is that a positive market will again attract investors in. We've seen the volume increasing this past month and if anything, that's a good sign of things to come. Hopefully it get's sustained though so we can welcome the bulls back
Bitcoin finally came back after three months later almost lost the value to 48 percent. This indicates a large investment tub has begun to see the existence of clarity.
Well the best thing about this is that a positive market will again attract investors in. We've seen the volume increasing this past month and if anything, that's a good sign of things to come. Hopefully it get's sustained though so we can welcome the bulls back
Still got two thirds of the year left and that leaves plenty of time to find scarier bottoms. To me at least the market at present looks entirely like bots looking to rape shorts and longs. There's no FOMO and little regular demand.
If said bots decide it's more profitable to brutalise the price in the near future I'm not so sure there'll be many people interested in trying to stop them.
Right, we still do have a lot of time in our hands to know how things are going to end up turning out. If bitcoin has attracted lots of new investors last year by its wonderful rally from $1k to $20k and those people are waiting for perfect buying points then there will be no doubts that there will be no more bottoms for 2018.If said bots decide it's more profitable to brutalise the price in the near future I'm not so sure there'll be many people interested in trying to stop them.
Judging from what has happened in the past with bitcoin's movement. We all know how easy it was for bitcoin at some point to bore holes on what we all assumed could be a support and dug past it. You have said it all and this is certainly more like the bots trying to rip a lot of marginal traders. Hopefully we get to see a green light and even if we do not, at some point, we will be back up.
I dont treat any amount higher than 1$ as bottom for bitcoin because bottom for me means zero. What I mean is, even though the price goes down sometimes, you dont have to let yourself be worried just because of the sudden decrease of value because it is sure to increase at any moment. Now what I can say in your speculation is that you are too paranoid to say that we have reached the bottom.
Still got two thirds of the year left and that leaves plenty of time to find scarier bottoms. To me at least the market at present looks entirely like bots looking to rape shorts and longs. There's no FOMO and little regular demand.
If said bots decide it's more profitable to brutalise the price in the near future I'm not so sure there'll be many people interested in trying to stop them.
Right, we still do have a lot of time in our hands to know how things are going to end up turning out. If bitcoin has attracted lots of new investors last year by its wonderful rally from $1k to $20k and those people are waiting for perfect buying points then there will be no doubts that there will be no more bottoms for 2018.If said bots decide it's more profitable to brutalise the price in the near future I'm not so sure there'll be many people interested in trying to stop them.
Judging from what has happened in the past with bitcoin's movement. We all know how easy it was for bitcoin at some point to bore holes on what we all assumed could be a support and dug past it. You have said it all and this is certainly more like the bots trying to rip a lot of marginal traders. Hopefully we get to see a green light and even if we do not, at some point, we will be back up.
Bitcoin finally came back after three months later almost lost the value to 48 percent. This indicates a large investment tub has begun to see the existence of clarity.
I strongly agree with you that the bottom for the year 2018 has already been witness in the past weeks and the market is currently on an upward trend with the hope that the market will reach $15,000 the we are seeing the current trend.
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