Topic: I think Bottom is gone - page 3. (Read 996 times)

Bitcoin reacts to outside things to much that it is hard to predict if we are going to see a recovery or if something else will come up that pushes it back down. That is one of the biggest problems for people looking to use btc exclusively because overnight they could be looking at their savings dropping $1000s of dollars. The opposite is true to though.

Dont get be too surprised because this is how this market works or behaves on which there's no way that you could really make our some conclusions about whether it could make out some effect or not

basing on what are those events are whether its positive or negative.We've been through lots of similar situations and news which it didnt really make out some significant effect on the market.

This isnt something that you could rely when you are really that into fundamental because it could really messes up your analysis and approach
towards your decisions because this isnt always do make out some effect.

But on the other hand when there is good news as well it feels impactful not because we know that the bulls are now getting triggered when the FED said the inflation rate was declared lower for the sixth month in a row which leaves us now in a pretty comfortable zone past 2 resistance at $19k and $21k.
Apart from anything, it is clearly profitable because indeed, looking at the current conditions, many even say this could be the start of bullishness, even though all possibilities are still there.

I agree with you.

I am surprised to see how recent events related to Genesis and Nexo have not disturbed the price of BTC

The reason that the collapse of Luna, FTX etc was severe on the market was because the market was already in a very big deep and bleeding, this made it in such a way that any little shake or news will impact the market.
Assuming the bitcoin price was about $30k and above the impact of the exchanges failures wouldn't have pulled the market down to $16k.
If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

The large number of scam cases from altcoins is of course an important lesson for investors, and this has happened massively since the market rising in 2016, this can happen again at any time, as an investor the best and safest thing is to store assets in a private wallet so you don't panic when a bankrupt case occurs exchanges.

There is no absolute right or wrong just keep watching and weighing it up.  Thats why it is a bit of work to have an accurate view, theres a danger of losing patience and just jumping on one side or another; now we will only go down now or its going to the moon.  It is really more work then yes or no, no absolute way to path to either side is there.
   How it works more often in my view is we establish a price range like fencing around cattle, the bulls are hemmed in by a fence at the top of that range but also the panic downwards finds itself range bound there too.   When we develop enough, a picture forms clearer across the market and transition to another phase is most likely with a new range of movement possible.

What makes to have that decision is really that very hard if ever you do see this kind of situation or condition where everything doesnt really make out some huge movement and just hanging around on neither a resistance point or a support line which it would really boggle up your mind on which way it could possibly move next.This is why it is really hard to tell when we are really that into this certain condition on which
you cant point out on what would be its next movement unless if there are some fundamentals or news that might stir up which you could make some assumptions to that but we do
know that not all things could really be that effective.

The few weeks the price has been quite positive and usually don't go beyond this level but we do see some speculation about bitcoin recovery at the start of the year being even longer.
It is possible that 2023 will be the start of a long recovery until we reach the halving point in 2024, but we have to watch the price ups and downs because it won't always be a year-round recovery even with new events always affecting prices in the market.

Not a expert but the overall feel of the market is very positive right now after what we went through in 2022 I thought it might take a long time until we get positive vibes again but the recent increases have proven that wrong. I think 2023 will be a recovery year and the 2024 we could hit a new ath with the halving.

That's the black swan I hope I'm wrong about, but just this niggling feeling that the world's economies are trying really hard to hide something. Back home, you can sense things falling apart and general sentiment just not good about the whole economy, so I don't know how it is in the US but they've been saying it's avoidable for a whole year now -- not sure if that hard rip will still hit. But like you say, the longer we go without hearing about it, the better the chances (and sometimes it really is down to some dude in a plush chair saying something).

The longer we stay above $20,000 the more & more likely that the bottom is in. We hit a higher high last night at $23,8xx so it’s clear that the trend is bullish right now. It’s starting to look like that dive to $15,xxx is the bottom.
The only worry about lower lows is a black swan, something like the US confirming a recession which rips hard.

The next halving isn’t too far away now so the deeper we get into 2023 the better it looks. We can’t say for definite that we’ve seen the bottom but I think it’s more likely than not now.

I wouldn't say hopefully for something that is very possible. How many times we survive a negative news? Bitcoin is 13 yrs old already. Negative news will always be there but they aren't built to bring Bitcoin down. There were different reasons on why they happen. It was the fake news or the FUDs created by the BTC haters or the whales whose intention is to bring the price down for their own benefit.

Market fluctuations is normal as well but this doesn't scare experienced users because they can use this on their benefit. this is where they can be able to buy low and sell high. The bottom is still there actually and it is the current price that we have now. I can say this because will abandon this price soon but if ever we fail to continue or there are obstacles along the way, this should be the lowest point that we can get at the moment.

Might not be that accurate but we could able to draw some trend lines and other indicators which we would be assuming that this might be the start of a good bullish run.We've been able to recover from that 15k

bottom which we could presume and assume out that this might be the bottom because the price had failed out to have some retesting out of these levels but if there would be some significant possible negative

news in the market then we might be able to see these low numbers but we cant really be still that sure on where it would be heading.Based up on my own analysis that 25k is something
that it needs to be break for us to go through 30k but it wont be that a smooth sail ride.

Being careful is mandatory at all times, both for traders and for investors in the short term in order to keep their capital safe. But for investors who are investing long term in Bitcoin in particular I think there is no need to feel anxious or panic or even afraid of the corrections that still occur frequently in the market for Bitcoin as in yesterday's example.

Because a correction before the next increase is a very natural thing, and besides that Bitcoin also doesn't often stay stable at a certain price level for a long period of time, so those who invest in the long term must also be careful. And for now I even believe that Bitcoin will be more likely to increase than decrease because I see a small correction did not make Bitcoin drop below $ 20K now.

As we know there are no accurate predictions for bitcoin at this time too many are opinionated, and subject to speculation.
I think the lower value that we are waiting for has already been exceeded at 16k, I'm not sure it will reach below that more than, so far Bitcoin is still above 20k, I think this is better. and we can see the current situation is as there seems to be a force that is constantly pulling the bitcoin price up and down. So you have to be careful before deciding to enter the market.

I agree. Everything is too vulnerable. $15k is more likely to happen than $30k. Remember that we are in the middle of the New Year Eve and the Asia resion loves to stack their coins during this days. And it does create a some sort of mini FOMO which lure people to buy coins

We have to be mindful that there are a lot of bad news recently. Employees lose their jobs, Ukrainian wars, real estate collapse, etc. Therefore, buying right now is not a good choice, though I always believe in bitcoin and its future. But I rather wait for a better price for long-term holding.

The market signals are not optimistic at this stage, although the predictions for 2023 are very promising. I also think the $15k bottom at the end of 2022 has also created confidence. Nothing is certain until more positive signals in the market appear. The beginning of the new year also indicates better states.

But hopefully, the price of bitcoin can survive the negative news and can even increase because the negative news will always be there to try to bring bitcoin down. We will still see market fluctuations but we shouldn't panic or worry because that won't make bitcoin abandoned by investors. And in the end, the bitcoin price will increase and create a new ATH again.

If the price drops further, it is an opportunity that we should use to buy more bitcoins because the price can surely reverse and return to a higher price. But unfortunately, not many people are willing to buy right away but are still waiting for another low price which we know won't always be the case. We can only do DCA at a low price and hold it until the price can reverse direction again.

It's possible that the scenario will return like that. Moreover, we can only predict it without knowing what will happen after this. At the very least, we can enjoy the moment to take advantage of this rising bitcoin price. But we can also keep the bitcoins on hold and wait for what happens next. And if it is true that the price will crash 50% of its current price, then there is a possibility that the price will fall to $12.5k or back to $15k but let's hope that doesn't happen.

So it's better to be prepared with all the possibilities so we won't panic and can adapt to the situation.

I wouldn't be so quick to say that. Granted I've only been through one period after ATH (the one after 2017) so I'm basing my response on that but if you remember, we did stay above $10k for a long time, and then dipped below, and then suddenly we had a huge unexpected 50% crash after that. We haven't had a huge 50% crash the most was 25% and for me, Bitcoin/crypto is much more capable of that.

When that happens, is important, because if it happens above 30k, then ok, we already saw a bottom but I feel like everything is still too vulnerable now in the overall market. Nice to see current prices but a huge crash is yet happening.