Topic: do u think the BTC bottom is in...? - page 4. (Read 932 times)
I still think bitcoin's price haven't reach the bottom yet on this market cycle. We all know that many countries are facing an economic crisis right now so the possibilities of a dump this time is higher than just a normal bear season. It's too early to tell that a bull run will begin again soon with these worsening issues. Though the current price of bitcoin is a good buy to me now but will not suggest going all-in due to market uncertainties.
Usually a dump happens and another will come which I think we already experienced this year. That should be enough to say it could be over and this next phase will be the waiting game where it could take long at this price range of $23-25k per USD.
I am using only the price history though, so there's a chance it might be wrong. Well, there is really no accurate prediction about where it could go but so far it looks to be in a good path.
I am using only the price history though, so there's a chance it might be wrong. Well, there is really no accurate prediction about where it could go but so far it looks to be in a good path.
Well, it is still left uncertain. The market seems moving high this time but this might be changed in the last quarter of this year. I couldn't assume but I believe that the market will keep this bearing situation until the end of this year. No big rallies will come out nor hypes to popup. But yes, we can't anticipate how these whales acted in this current condition. Or we fall into their trap set up by whales through some sort of price pumps and social media participation.
We still not sure what can happen in the last quarter, it may stay at dip or start to rebump but we must know when to wait or allot some time. War, pandemic and even recession are still happening. It’s already a good thing that the market still able to have some high but recovery is not gonna be fast as we wanted but taking this time to buy while the price still consider low is a good way to have some points before the price recover again. 
Although this month the crypto market seems to be in the green, it's hard to say a Bull Run will happen anytime soon. If we look at the current market conditions, there are no signs that a bull run will occur because the bitcoin price is only in the $23k-$24k area and it is still difficult to break above $27k.
I think $27k is not looking to come anytime soon but probably around the end of the when volatility for the December festivities will approach but for now, we could be seeing this kind of shaky movement around the $23k and $24k without a strong pull of volatility. I will say the uncertain times is up for bitcoin where we all can speculate because no direction is established yet.
Although this month the crypto market seems to be in the green, it's hard to say a Bull Run will happen anytime soon. If we look at the current market conditions, there are no signs that a bull run will occur because the bitcoin price is only in the $23k-$24k area and it is still difficult to break above $27k.
I think $27k is not looking to come anytime soon but probably around the end of the when volatility for the December festivities will approach but for now, we could be seeing this kind of shaky movement around the $23k and $24k without a strong pull of volatility. I will say the uncertain times is up for bitcoin where we all can speculate because no direction is established yet.
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
Everyone has different opinions and speculations with the lowest bitcoin price and the lowest point, you believe that now Bitcoin can be bought, for me it's not yet time, a deeper continuation will start soon, you'll see in late September this year.Beliefs may be different, the purpose of trading and investment.
am not sure if we already reached the bottom from that 17 thousand dollars last month and since we are now standing to 25 thousand dollars yeah there are some beliefs that we already reached that bottom.
but remember that Bear always follow bull , and yeah sometimes also it has been used by manipulators to bump the market for a while then starts dumping again.
but remember that Bear always follow bull , and yeah sometimes also it has been used by manipulators to bump the market for a while then starts dumping again.
The biggest test this month will be what happens to Bitcoin when the MtGox coins are finally distributed. I think this is the reason why ETH is stronger than BTC because many are worried about the large supply hitting the market and causing Bitcoin to head lower.
So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.
So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.
142,000 bitcoins is the number that Mt.gox will distribute to the market. But there is no information yet, all victims will get that compensation once or split periodically, and everyone is entitled to get it back through cash or cryptocurrency, not all get it back in bitcoins.
Everyone has been waiting for compensation all these years so they have seen bitcoin hit record levels, maybe some will sell and some will continue to hold, so I don't think this is the big event affecting bitcoin this month.
I don't think anyone will know at what price the Bottom is at, but for now we can assume that $17k is a bottom,
Yes we all ask for speculation because there is none of us that can completely understand and find the perfect answer.but I may agree with you that 17$ maybe the lowest it can fall this year alone.
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because the price jumped from there and managed to break through $20k again, where we know $20k is strong resistance,
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and if we hold on at the level of $23k it is certain that September or Q4 will be bullish for cryptocurrencies
q4 mostly a bullish quarter but the only matter is that would it be bullying above the ATH? or will at least make it to 50k again?
I noticed that there are still a number of people who won't call what's happening right now as a bull market. There are still those who don't think Bitcoin has already bottomed. In fact, there was a recent social media poll asking whether or not Bitcoin's price would still go below $20,000 and the majority answered that it will. I don't know what they've seen on the charts but at this point I think the bottom is already in. Especially if we cross $25,000, I don't think we still have yet to reach bottom.
I have no worry about Mt.Gox because its a long term well known event. Perhaps some surprise prior years as to the amount recovered to distribute but now its well signaled and in theory its in the price. Buy the rumor sell the news or here with additional supply, possibly its vice versa.
September is a storm for markets possibly maybe buts its a wider deal in every asset seasonal somehow; markets regularly do this but not always, higher volume autumn then now for sure imo
September is a storm for markets possibly maybe buts its a wider deal in every asset seasonal somehow; markets regularly do this but not always, higher volume autumn then now for sure imo
I don't think anyone will know at what price the Bottom is at, but for now we can assume that $17k is a bottom,
because the price jumped from there and managed to break through $20k again, where we know $20k is strong resistance,
and if we hold on at the level of $23k it is certain that September or Q4 will be bullish for cryptocurrencies
because the price jumped from there and managed to break through $20k again, where we know $20k is strong resistance,
and if we hold on at the level of $23k it is certain that September or Q4 will be bullish for cryptocurrencies
The biggest test this month will be what happens to Bitcoin when the MtGox coins are finally distributed. I think this is the reason why ETH is stronger than BTC because many are worried about the large supply hitting the market and causing Bitcoin to head lower.
So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.
So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.
I think Bitcoin's bottom is at $17k, because in June the bitcoin price dropped to $17k and can survive,
of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.
We cant say nor finalize things up considering on the upcoming things to happen.of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.
Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms
https://www.bloomberg.com/news/articles/2022-07-07/mt-gox-creditors-inch-closer-to-repayment-as-bitcoin-dump-looms
Lets wait for this one and after the dump that would happen then this is where we can really say on where a possible bottom
could be seen. So lets just prepared and anticipate for things to happen.
and indeed the bullish sentiment is still strong, so hopefully the Bitcoin price doesn't drop from here,
because if $22k breaks, then maybe $17k becomes strong support again,
and if it breaks again then we will see the nightmare
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
No idea when the Bottom is, and to be honest it doesn’t matter also.
In case of Bitcoins, whenever possible buy as many Bitcoins as you can. If you wait for bottom of the price, then definitely you will miss the golden opportunity.
Bitcoins are now completely for long term investment. So if you are able to buy it below 30k usd price, consider yourself as lucky. Buy the Bitcoins and hold for 3-4 months. Definitely you will get twice profit of your invested amount.
it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .
Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.
$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.
It's possible for a new ATH before/during halving, but not if Bitcoin reaches $50K this year, that would be non-consequential. I see this cycle as being 6 months earlier than previous ones. Ie a cycle top in April/May as opposed to November/Devember, with a low now formed in June, as opposed to December/January time. It will take until the end of the year for this theory to confirm, but seems accurate so far.
As I said, if prices reaches $50K this year, I'd expect a higher low around 3-6 months later, probably around $25K to $30K levels, where the 200 WMA will be priced by then.
it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .
Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.
$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.
We are about 600 days away from the next halving which means it will happen by the end of 2024, many are predicting that we will see a new ATH after the halving. So my question is if bitcoin hits $50k by the end of the year or maybe Q1 2023, will bitcoin hit a new ATH before the halving happens?
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
That is your opinion but at least you should bring some fancy proofs or idea how this will be happening because if that is only according to your Crystal ball then no one will seriously believe that claim.and besides we cannot just portray the price according to our belief, market will act depend on how we treat it and how we invest on it.
the bottom for bitcoin seems to be still very deep, I myself also can't be sure $17k is a bottom,
everything will be seen this month, if bitcoin can breakout from $30k then $17k is a bottom.
everything will be seen this month, if bitcoin can breakout from $30k then $17k is a bottom.
I think Bitcoin's bottom is at $17k, because in June the bitcoin price dropped to $17k and can survive,
of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.
We cant say nor finalize things up considering on the upcoming things to happen.of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.
Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms
https://www.bloomberg.com/news/articles/2022-07-07/mt-gox-creditors-inch-closer-to-repayment-as-bitcoin-dump-looms
Lets wait for this one and after the dump that would happen then this is where we can really say on where a possible bottom
could be seen. So lets just prepared and anticipate for things to happen.
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