Topic: Could this be the bottom of Bitcoin? (Read 890 times)
Weekly bar look at BTC, we are at about the lows of September last year. Its the underside of that prior action or range I think is a fair evaluation for BTC price action right now. I think we will be trying to challenge that prior area but it wont be easy on first attempt. My rough take is we must hold above 20k and confirm thats now ground level, then build from there.
Patience is a virtue...be greedy when others are fearful...92% mined already...once the reset happens and there's regulations, then things will get going for sure...some will go away while the real ones will dominate in the coming years...dyor, there's alot going on around the globe behind the scenes that they tryin to divert most of the public from wit scare tactics to shake out the weak hands n get it for even cheaper...based on bitcoins 10yr pattern...every 4yrs we go parabolic the year after the halving which is 2024...
and this happens in the past that we already understand , knowing that there are FUD and dropping people starts to panic and in the end? price will go strong and those weak hands are always the loser .keeping your funds while there are bear is still the best strategy over the years and make sure that you have extra funds to buy more while many are panicking and selling for losses .
All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.
Looking at the current state of the market, I think at the beginning of the turn of the year and into the next year it is very likely that it will still be in a bear market, at this point it is not so important to see the bottom of the market. We better get ready for what lies ahead, 2022 is coming to an end and this is the second bad year for Cryptocurrency. have we reached the lowest price or not at this time, but believe me the bear market will disappear soon, because this is not always sloping the market.No one is certain as what will be the bottom of this bear market or how long this bear market will last. If we look at the fundamental analysis, we don't see any positive news. Rather it seems that there may be risk of more platforms going bankrupt after FTX and few lending platforms.
For me, the bull market will only come as we get close to the halving, we still have 500 days before the halving, so we can't expect a bull run from now on.
There will be a stage when bitcoin will remain in accumulation stage after making the final bottom. If 15800$ was the bottom, then we are in accumulation phase. If it was not the bottom, then we may see more blood in coming days.
So, the intelligent investors & retailers, will keep on buying at these low levels so that they have their bag filled up already when the bull market returns, and they will be the ones who may get maximum returns.
I think so. Bitcoin has already gone to the bottom. Although it didn't take long before people and various institutions realized to start buying the dip. There are too many investors and newbies that want to buy bitcoin at the lowest price. Do we have some people here that expected bitcoin to drop to $10k or even lower? But what if bitcoin won't drop again to $15k? We better accumulate bitcoin by dollar cost averaging it. This is also the same reason why I am not affected by the movement of bitcoin. If it drops, I have the chance to lower my buying average and my future earnings will be higher too.
It is clear that binance is way more solid than FTX ever was, but one of the problems with relying on a centralized exchange is that even if they do everything right the exchange could still collapse if at some point governments decide to go against it with everything they have.
In that case even if binance is a solid company it could still disappear, it is because of this that it is important to always monitor its state and at the first sign that something is not right you need to get your coins out of there as fast as possible.
Don't worry mate, because with what happened with FTX and then the Binance FUDS after, many people are now scared to fully trust their assets on a centralized exchange. There are still people who will use a CEX but they won't store their funds on it longer or some can still store funds in it but that will only be the amounts that they can afford to lose easily. In that case even if binance is a solid company it could still disappear, it is because of this that it is important to always monitor its state and at the first sign that something is not right you need to get your coins out of there as fast as possible.
As long the exchange is giving a good commission with the government then I do not think the government will go against them and I think even if some of them has a hate with crypto, they will still allow it because their greedy self is saying that money is more important more than their pride or dignity.
If you don't believe what CZ says, remember that there was a time when Binance was in trouble and nothing has happened so far. This isn't the first time rumors attacked them, but it didn't cause them to crash, unlike FTX which only had 1 Fuds and crashed instantly.
The cause of FTX downfall was that they were misusing customers funds for themselves. You could see all the lavishing sponsorship that they were involved in, wasting millions in the process on things that didn't matter and you could see them pumping shitcoin like solana that has no utility just to give themselves profits. All this were red flags that were in plain sight but people got blind to see this and still trusted them to keep their funds safe which shouldn't be the case.
Centralized exchange are never to be trusted neither should they be used as storing platform for whatever you invested in. FTX collapse contributed to the further dips we saw in the market as without that collapse I think we should have seen the bottom of Bitcoin already but as it stands I still think we might dump further.
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.
There are only 2 days left so we can say we have finished the year and there will be no surprises. I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?
So it is likely the FUD against binance is going to continue during the next year, and I really hope it is just FUD because if there is some truth behind it then the downward movement this could cause will be incredibly difficult to endure for a great deal of the new holders we have in this market.
If you don't believe what CZ says, remember that there was a time when Binance was in trouble and nothing has happened so far. This isn't the first time rumors attacked them, but it didn't cause them to crash, unlike FTX which only had 1 Fuds and crashed instantly. Because FTX was plotting to scam us from the beginning, everything was planned, not an accident. I'm lucky because I never used FTX, I only trust binance and coinbase, luckily everything is fine so far.
In that case even if binance is a solid company it could still disappear, it is because of this that it is important to always monitor its state and at the first sign that something is not right you need to get your coins out of there as fast as possible.
Patience is a virtue...be greedy when others are fearful...92% mined already...once the reset happens and there's regulations, then things will get going for sure...some will go away while the real ones will dominate in the coming years...dyor, there's alot going on around the globe behind the scenes that they tryin to divert most of the public from wit scare tactics to shake out the weak hands n get it for even cheaper...based on bitcoins 10yr pattern...every 4yrs we go parabolic the year after the halving which is 2024...
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If you don't believe what CZ says, remember that there was a time when Binance was in trouble and nothing has happened so far. This isn't the first time rumors attacked them, but it didn't cause them to crash, unlike FTX which only had 1 Fuds and crashed instantly. Because FTX was plotting to scam us from the beginning, everything was planned, not an accident. I'm lucky because I never used FTX, I only trust binance and coinbase, luckily everything is fine so far.
You are lucky because you don't use FTX, but basically each centralized exchange manager is run by different people, not the same person so that the thinking of each of them is also clearly different even though the concept of the exchange is the same, that is, they are both centralized. At FTX there was only one person who had bad intentions to deceive many people so that they were all destroyed and experienced a loss of trust from investors. While on other exchanges such as Binance and Coinbase I think they have different thoughts from FTX, so in this case everyone needs to sort it out without having to consider it the same as FTX. After all, everyone is not advised not to keep all their assets in any exchange and many people have been told that a long time ago, not just now.
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.
There are only 2 days left so we can say we have finished the year and there will be no surprises. I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?
So it is likely the FUD against binance is going to continue during the next year, and I really hope it is just FUD because if there is some truth behind it then the downward movement this could cause will be incredibly difficult to endure for a great deal of the new holders we have in this market.
If you don't believe what CZ says, remember that there was a time when Binance was in trouble and nothing has happened so far. This isn't the first time rumors attacked them, but it didn't cause them to crash, unlike FTX which only had 1 Fuds and crashed instantly. Because FTX was plotting to scam us from the beginning, everything was planned, not an accident. I'm lucky because I never used FTX, I only trust binance and coinbase, luckily everything is fine so far.
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.
There are only 2 days left so we can say we have finished the year and there will be no surprises. I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?
So it is likely the FUD against binance is going to continue during the next year, and I really hope it is just FUD because if there is some truth behind it then the downward movement this could cause will be incredibly difficult to endure for a great deal of the new holders we have in this market.
I don't claim binance will never crash, but so far, with what Fuds is spreading, I believe it's still not strong enough to take down CZ. We're still on vacation, so everything seems to be very quiet, not sure if it's really calmed down or just interrupted by the long vacation. But from the news I read, I am confident that Binance will continue to stand with these Fuds.
If Binance really does have a problem, the market will crash terribly, Luna and FTX are still very small compared to the influence of Binance.
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.
There are only 2 days left so we can say we have finished the year and there will be no surprises. I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?
So it is likely the FUD against binance is going to continue during the next year, and I really hope it is just FUD because if there is some truth behind it then the downward movement this could cause will be incredibly difficult to endure for a great deal of the new holders we have in this market.
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
obviously , you are wrong because the price drops to 16k level and still looking for option making another high , but with so much less action from supporters and investors , i'm afraid that there are even more lowering to happen not just this year but in the next couple more?Could the price of Bitcoin fall further?
What do you think about this?
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.Could the price of Bitcoin fall further?
What do you think about this?
I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.Could the price of Bitcoin fall further?
What do you think about this?
I also predict 2023 will still be a year of bitcoin dumping, and we will bottom out during this bear season, but I don't think bitcoin price can drop below 4 digits, which is a very low price. To do that requires a major market crash, and currently only Binance is facing a lot of Fuds in the market. Do you think Binance will have problems this bear season?
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
I was looking for the price to drop at least below 15k so I can but big chunk before the year comes to end mate , but seeing how market moves now? it seems that that bottom will be the last and may have another in the coming year.Could the price of Bitcoin fall further?
What do you think about this?
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits.Could the price of Bitcoin fall further?
What do you think about this?
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
bottom for this year? yeah it may be because look we are 2 days before the closure of 2022 yet we are still staying at 16k and there are no even good sign of breaking 17k again , I'm afraid that after this year we will see more dumping and struggle for Bitcoin to stay at 5 digits. Could the price of Bitcoin fall further?
What do you think about this?
The bottom pricing is a process not an event is the phrase Ive heard a dozen or more times. I think that is correct and we have further to go yet imo, if Im forced to think purely pricing then I will say a full exploration of the peak pricing end of 2017 and also that area that reaches down to peak 2019 prices. Mostly I think if we went sideways for some months it would amount to the same thing in the end.
Price every day is a requirement, people want to sell and some want to buy and sell goods and exchange the market has an important job to provide fairness to all people as much as possible. Market confidence to exchange freely is the most important thing of all, if we are required to trudge through all these teen prices then grin and bear it. The daily price is still less important then wider time frames like weekly, monthly and our gains or losses quarter to quarter of the year.
BTC has the stride of a monolith its far beyond our daily worries is my take, I think we continue to be fine but price stability comes from confirmation and consolidation or volume foundation in this area, it must be built and all prices confirmed so later we can gain; this is the costed work of a free market to do so
Price every day is a requirement, people want to sell and some want to buy and sell goods and exchange the market has an important job to provide fairness to all people as much as possible. Market confidence to exchange freely is the most important thing of all, if we are required to trudge through all these teen prices then grin and bear it. The daily price is still less important then wider time frames like weekly, monthly and our gains or losses quarter to quarter of the year.
BTC has the stride of a monolith its far beyond our daily worries is my take, I think we continue to be fine but price stability comes from confirmation and consolidation or volume foundation in this area, it must be built and all prices confirmed so later we can gain; this is the costed work of a free market to do so
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
the bottom price will likely still occur later in 2023 when the recession continues. but we all can't predict at what price bitcoin will drop in price for a deeper or only a few %.Could the price of Bitcoin fall further?
What do you think about this?
some people are too busy thinking and predicting bitcoin prices without starting to buy little by little for fear of a bottom price. if we are aware from today including a lower price compared to the previous ATH price and our opportunity to buy and collect for the long term waiting for the bulls to arrive.
I'm not suggesting or forcing anyone to buy now, but it's better to start now than never and be late to the ATH party
The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?
the bottom price will likely still occur later in 2023 when the recession continues. but we all can't predict at what price bitcoin will drop in price for a deeper or only a few %.Could the price of Bitcoin fall further?
What do you think about this?
some people are too busy thinking and predicting bitcoin prices without starting to buy little by little for fear of a bottom price. if we are aware from today including a lower price compared to the previous ATH price and our opportunity to buy and collect for the long term waiting for the bulls to arrive.
I'm not suggesting or forcing anyone to buy now, but it's better to start now than never and be late to the ATH party
All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.
Looking at the current state of the market, I think at the beginning of the turn of the year and into the next year it is very likely that it will still be in a bear market, at this point it is not so important to see the bottom of the market. We better get ready for what lies ahead, 2022 is coming to an end and this is the second bad year for Cryptocurrency. have we reached the lowest price or not at this time, but believe me the bear market will disappear soon, because this is not always sloping the market.Many say bitcoin has been above the $16k resistance for too long, and that is a sign that they have bottomed out, they expect a bull run in early 2023. But I have the opposite view of them, I also believe we will form and bottom in Q1 2023 and then can think the decline is over. Of course, the market will not rush to rise after hitting bottom, but it will continue to be a boring series of bitcoin days that make people frustrated and give up. For me, the bull market will only come as we get close to the halving, we still have 500 days before the halving, so we can't expect a bull run from now on.
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