We could easily go to $12,000 or something before the next bull cycle starts after the halving.
I’m covered either way, can’t lie it’d be nice to grab a load of bitcoin low but if not whatever, let’s moon
Topic: do u think the BTC bottom is in...? - page 6. (Read 983 times)
I’m hopeful but not convinced that the bottom is in. During the 2018-19 bear market we sat at $6,000 for what felt like a long time before we got rugged & dumped to $3,xxx. In 2019 we went to $13,xxx or something. I remember definitely thinking the bottom was in then before we dumped.
We could easily go to $12,000 or something before the next bull cycle starts after the halving.
I’m covered either way, can’t lie it’d be nice to grab a load of bitcoin low but if not whatever, let’s moon
We could easily go to $12,000 or something before the next bull cycle starts after the halving.
I’m covered either way, can’t lie it’d be nice to grab a load of bitcoin low but if not whatever, let’s moon
In the last 2 weeks, there have been a number of very good signals coming from the market.
Nevertheless, for me, it was more of a short-term rally and the euphoria caused by the ETH merge is spreading, which is causing a short-term rally. Bitcoin hasn't really bottomed yet and I predict that the price of bitcoin will bottom out sometime in the year 2023.
Nevertheless, for me, it was more of a short-term rally and the euphoria caused by the ETH merge is spreading, which is causing a short-term rally. Bitcoin hasn't really bottomed yet and I predict that the price of bitcoin will bottom out sometime in the year 2023.
My personal opinion's not been worth much lately (come to price gauging anyway) but I don't think the bottom's in yet. Doesn't mean I think the rest of the time until the bottom will be torrid. Just think there should be some wild crash, macro Black market day across the board, to take BTC down to a severe low, before recovering.
As someone mentioned above though, inconsequential to what really will be required for a higher drive up.
As someone mentioned above though, inconsequential to what really will be required for a higher drive up.
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
Can you explain what do you mean by "game changing"? A bull run that will be so big that it will change the nature of Bitcoin? Seriously?
If you ask me, the next bull market is going to be....a bull market and nothing else. I'm 99% sure that the next bull market is going to be followed by price corrections, bear markets and all that stuff. This is the true volatile nature of Bitcoin and it will never change.
The price will keep going up and down. Maybe the future cycles are going to be bigger than that the old cycles, in terms of price levels and market cap. We might be witnessing a 100K price or more in the next years. OR maybe Bitcoin will stay in the 20K-60K price range forever and the 2021 ATH was the absolute price peak. Who knows?
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
Are you ready to welcome the next bull market with the game you mean?Because if you think of it as a game, then you should also be ready to play your part in the market in order to make a profit. I think it's about how brave someone is in taking risks when the market conditions change like now, because looking for profits in the next bull condition can't just sit back and watch the market.
If you are a long term holder, bitcoin bottom should not be much lesser than $17500 and it may not even fall below, just like what happened in 2018 when the price fall below $3200, after the fall, there were series of bull and bear markets but bitcoin price never fall below $3200 again but reached all-time-high of over $60000, but it was a long time before the all-time-high. If you hold for 2 years from this time, expect maximum profit. It is wise and brave to just hold for long.
With the evidence we have so far, we can say that there is a high chance that the bottom is already in and it was the $17.5k price that was momentarily touched in June.
So far there has been about 5 attempts to push the price lower and they have all failed which is another good indication.
Price also tries going back up and fails but each time sets a higher low which is another positive indicator.
So far there has been about 5 attempts to push the price lower and they have all failed which is another good indication.
Price also tries going back up and fails but each time sets a higher low which is another positive indicator.
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
No one can know for sure. This could very well be a dead cat jump. Maybe the real crash hasn't happened yet. That's what Michael Burry (The Big Bear) says at least. Either way it is always the same. Up, down, sideways.
Some claim they've seen it going backwards too but I've never experienced it. I think it is ridiculous. How the fuck markets could go backwards? It is against the physics.
Maybe, maybe not. It's not really my job to guess what the bottom is. I just keep stacking(via dollar-cost averaging) because I know I'm totally incapable of timing markets. 
EDIT: just a heads up that this thread was originally in the Bitcoin Discussion section
EDIT: just a heads up that this thread was originally in the Bitcoin Discussion section
Personally I'm about 80% confident the bottom is in, based on comparisons to 2015 and 2019 of when a bottom is formed. I doubt I'll feel more than 80% confident until a significant macro higher low is formed, maybe sometime end of the year or next year, or otherwise a new ATH is made. Still waiting for network growth to return in order for price to move higher though, even though it's irrelevant to the bottom being in.
my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
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