I think Bottom is gone - page 4. | Bitcointalksearch.org

Baofeng

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Quote from: ethereumhunter on January 23, 2023, 04:06:53 AM

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

Or just remember how volatile the market is, at any moment, the price can go down very hard, double digits and it will take some time to bounce from that. Or thinking that we are still in the bear market, so anything goes, just one negative news will affect the market.

Quote from: ethereumhunter on January 23, 2023, 04:06:53 AM

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

It's better to anticipate things, we have to think ahead of the game. If the price goes down and reaches $15k, don't be negative, treat it as another opportunity to stash again.

If the market didn't reach any lower lows again before the eventual bull run for next year, still continue to accumulate and do DCA, win-win situation for us.

ethereumhunter

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I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

mich

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Well if I have to choose then I think the bottom is gone then I would say yes it is. I think for now on we maybe will see Bitcoin drop to 20k but not back down to 10k or 12k like which was a possibility and how I did think was a possibility.

But this is just my bullish way of thinking. We do not know for certain because what if this is not the end of the 'bull market' just yet? We can each have a opinion where the price of Bitcoin is heading but we will never know for sure.

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Quote from: Inspiron14 on January 22, 2023, 01:24:16 PM

I also think so, it can be seen that the price of bitcoin can reach $ 20k at the beginning of the year and of course this makes the market more positive,
the bad news about crypto currency has also disappeared, it's just that investors are still afraid since the altcoin collapse case last year,
and hopefully this year there will be no more collapsing altcoins like FTX, CEL or LUNA.

Bitcoin market is subject to speculation. With what is happening around the market, experts and common people have their own predictions. This is common with the crypto market. How this survives out of such scenario is the strength of the innovation. Maybe the bottom is no more down to $20k, but the same isn't assured.

The news associated with the FTX, Luna and other issues haven't disappeared. The whales have failed in manipulating with those incidents. Surely they'll try it when correct situation arise.

Inspiron14

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I also think so, it can be seen that the price of bitcoin can reach $ 20k at the beginning of the year and of course this makes the market more positive,
the bad news about crypto currency has also disappeared, it's just that investors are still afraid since the altcoin collapse case last year,
and hopefully this year there will be no more collapsing altcoins like FTX, CEL or LUNA.

crwth

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Nothing would ever seem that it could be predicted, it's always going to be a problem if you are not going to make the right risk management and traders should know that you cannot be 100% and it's always going to be a ride between the market especially if you are going to be in the crypto space.

With the current situation now, a lot of people are probably buying the news and it could still go up in the price charts so you should take advantage of the price if you believe this.

It's really amazing what happens with the crypto market and it's best to be prepared.

BigBos

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What is clear is that none of the analysts can really guess where the bottom is, they only take into account what they have learned and most of them are still unsure of the answer, like the previous cycle in end quarter 2018 we looked for the bottom for a hundred plus days, but nothing which is absolutely spot on in finding it.
Maybe yes and maybe no to the missing bottom and most likely in the final quarter of 2022 at $15k it may be the bottom price for bitcoin we have been looking for. So far, perhaps the best way is to buy rather than waiting for a long decline that is predicted and the status is still unknown whether right or not, DCA in this moment the wisest step and preparing funds to buy declines for makes us not panic too much.

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Quote from: bitterguy28 on January 18, 2023, 07:17:46 PM

you might be right or maybe wrong who truly knows? bottom might be gone but may go again soon? with this semi Bull happening , I was wondering that this is another bull trap like what we had in the past?

with those stats you given that is not even an assurance that we will be heading towards Bullishness till halving comes in 2024 but who know?

I love that to happen in at least end of this year.

All you need to do is continue to enjoy conditions like this regardless of whether this is a condition where a trap, as many people still say, or indeed this is one of the beginnings of a bull. We just have to follow what is happening at the moment, regardless of anything in the future, if we really have long-term thoughts, I think this won't be too much of a problem for you because whether it's a trap or a bull, you won't feel anything to lose.
But on the other hand, seeing the current conditions, we should be aware that the Bulls are getting closer.

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Quote from: autumnleaf on January 14, 2023, 03:26:24 AM

Quote from: raybucks on January 14, 2023, 01:22:03 AM

This is the chart that the OP has posted for viewing.

I'm still a novice in this field of analysis, but if you want my opinion, I'd say it's too soon to recognized the bottom of the BTC price. Although recent positive news about Bitcoin has caused the green line to appear, there are still a lot of things that could happen in the coming days or week.

I might not be an expert but that does not really tell that I don't know the happenings around me since over one year I have been actively involved in the crypto-currency market. I think this is not time for joy yet we should not rejoice and people that want to buy should not give up.

This is not the expected bull run, this is one of the in-between bullruns that were supposed to happen between last cycle and now. But due to the fact that there was excessive bear market, the market moved from bear to another bear and made in-between bulls to be defeated and now when we are seeing the bull.

There is no strong resistance that is found at 20,000 dollars yet therefore the market could still fall but not below 15,000 dollars.

GreatArkansas

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We are already around 50% positive since the local bottom last year which is around $15,000.
For me, yes, there is a high possible that it was already the bottom but I believe, there are a lot of possibilities we may visit that area or below $20,000.
Because for me, I am against to some people right now that they are talking about parabolic run again because the pump only started this year or happened in just a short period of time which for me is not healthy and I am still not satisfied.

fadhilz123

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No one knows if your prediction is right or wrong, neither we nor you have a crystal ball to predict the future of bitcoin. But in my experience, it is not possible just because bitcoin is up a few percent to jump to the conclusion that the bottom is over and we are entering a bull season. I think we should still be careful as it is more of a price trap than a sign of the bulls.

It's still very early to draw conclusions about bulls in Bitcoin, but what happened to Bitcoin this month could also be an indication that Bitcoin has started to move even though it still looks slow in its movements. Yes, everyone can't predict the future of Bitcoin precisely, moreover this is more to the price, but for people who have long seen Bitcoin on the market and continue to be in demand by many people every year. It is clear that the future of Bitcoin will not be bad and it could even be even better than previous years.

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Quote from: rodskee on January 20, 2023, 03:07:12 AM

But I wanted to at least see 25k at the top before pulling the price down again , do you think this can be possible ?

It's been 6 days bitcoin is still trying to break through the resistance wall. I think bitcoin needs at least a bit of good news this week to get to $25k before correcting to this point, or we will correct early to $16k - $14k. I'm interested in paying attention to Kaleo's scenario ^[1], he seems quite bullish even towards $30k next February.

Take a closer look, the chart slightly follows the scenario.

1. https://twitter.com/i/status/1615094502082969600

DanWalker

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Quote from: Oasisman on January 20, 2023, 04:31:02 AM

Quote from: raybucks on January 14, 2023, 01:22:03 AM

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

Too early to tell. I think theres not enough speculation this year for Bitcoin get bullish. Most of us were expecting the next bull run will occur in the next Bitcoin halving. May it be before or after that.
And, I don't think we've seen the bottom of this bearish run already, Bitcoin may still fall below 15k this year. Some are even waiting for $10k.
Nobody really knows where this current price action will lead to.

Yes, we are more than 400 days away from the halving, so it is too early to say that the bottom is gone and we are approaching recovery days. Although that is also possible, the chances are too low.

No one can predict the movement of bitcoin, but looking at the world economic situation, I do not believe the financial market in general and the cryptocurrency in particular will recover from now on. Cryptocurrencies are still manipulated and don't follow any rules but bringing the bull market back is not a wise idea for market makers. It is very difficult to attract new cash flow into the market in this difficult economic time.

Oasisman

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Quote from: raybucks on January 14, 2023, 01:22:03 AM

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

Too early to tell. I think theres not enough speculation this year for Bitcoin get bullish. Most of us were expecting the next bull run will occur in the next Bitcoin halving. May it be before or after that.
And, I don't think we've seen the bottom of this bearish run already, Bitcoin may still fall below 15k this year. Some are even waiting for $10k.
Nobody really knows where this current price action will lead to.

Natalim

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Quote from: Davian144 on January 20, 2023, 03:47:13 AM

Quote from: posi on January 19, 2023, 05:14:24 AM

You can't expect bitcoin to go straight to 30k or 50k without any correction, even during the bull season, bitcoin will still correct a few times for stronger upside momentum. I don't predict that we are in a bull season, so if bitcoin goes down, I wouldn't be surprised either. But if you are expecting bitcoin to continue to rise, then you need not worry with such a drop of only a few %. In the short term, I think bitcoin will still rise and then fall again.

What you say makes a lot of sense because a slight correction for more increases has also occurred in the past, so it is also very possible that this year Bitcoin will correct in the short term before experiencing a much larger increase than the correction . And usually this moment is also very often used by investors to buy back before the next increase occurs in Bitcoin in the same year. I personally am still very optimistic about Bitcoin and will never doubt even if Bitcoin is being corrected.

This is what we called market fluctuation and it really happens always. But from what I can see, people have been crazy to sell their Bitcoin with these few increases which is why we now seeing a decline in the price of Bitcoin. In this kind of behavior, we can't expect a great start this year or even a recovery knowing that most of the investors now are impatient. Even though we can say they are optimistic, yet they are still doubtful with Bitcoin which is very hard for them to wait for the Bullrun rather than selling when there is a few pumps.

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Quote from: Kelvinid on January 19, 2023, 04:53:30 AM

Quote from: michellee on January 18, 2023, 09:55:33 PM

We may think that the bottom has disappeared but we never know how the market will move. Basics can happen again if there is negative news about bitcoin, the market, the global economy or anything else that can affect the crypto market to lose its defensive power.

Currently, bitcoin is experiencing another correction with a condition of falling $ 20k but hopefully, the price will not continue to fall but can return to $ 21k. The current situation is unstable as there seems to be a force pulling the bitcoin price up and down continuously. So you have to be careful before deciding to enter the market.

The situation isn't stable yet which is why it is too difficult to assume that everything will be okay and say the bottom is over. Besides, reaching $21k isn't impossible to happen even during the bear season meaning that we don't need to be confident of the current pump event in the market, sometimes can be just a short pump and it drops again.

It was good to see the market showing green color again but this could give me confidence at all. I was still thinking about the correction and can possibly it strikes again when people are already thinking for Bullrun.

There is a possibility that this volatile bitcoin situation will continue until Q1 ends. Still, hopefully in the next month, things will change again and the market will continue to recover. I am happy that the price has survived the correction and there are signs of another price increase after this correction.

But if that all changes and the price goes back down, we should be able to adapt to the situation in the market and try to buy more bitcoins. So we have to be ready for whatever will happen after this.

Davian144

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Quote from: posi on January 19, 2023, 05:14:24 AM

You can't expect bitcoin to go straight to 30k or 50k without any correction, even during the bull season, bitcoin will still correct a few times for stronger upside momentum. I don't predict that we are in a bull season, so if bitcoin goes down, I wouldn't be surprised either. But if you are expecting bitcoin to continue to rise, then you need not worry with such a drop of only a few %. In the short term, I think bitcoin will still rise and then fall again.

What you say makes a lot of sense because a slight correction for more increases has also occurred in the past, so it is also very possible that this year Bitcoin will correct in the short term before experiencing a much larger increase than the correction . And usually this moment is also very often used by investors to buy back before the next increase occurs in Bitcoin in the same year. I personally am still very optimistic about Bitcoin and will never doubt even if Bitcoin is being corrected.

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Quote from: rat03gopoh on January 18, 2023, 07:36:14 PM

Bitcoin is again churning out support on the 1-hour time frame, I hope it doesn't actually get broken this time on a minus -3% overnight crash given this is not strong support (only formed in the last few days) or bitcoin has to hit bottom again which is very dull.

But it is given right ? that every after a good run there will be a following dumping ? and I think this isn't enough to expect as I am seeing it happened to in the next coming weeks or month .

But I wanted to at least see 25k at the top before pulling the price down again , do you think this can be possible ?

Quote from: royalfestus on January 15, 2023, 02:22:27 PM

Quote from: S A KHAIR on January 15, 2023, 11:17:47 AM

There is no reason for the recent price increase, bitcoin is always full of surprises, may rise and may fall. 2 weeks ago, people were still very pessimistic about the market, but as soon as bitcoin rallied 15%, people changed their minds. I wouldn't be surprised if bitcoin drops to $17k tomorrow, and people will believe we are near the bottom. There are no predictions for the future of bitcoin.

The reasons for pump like this are usually not sensible and it is a revelation that some people control this market but they consider some parameters of traders. They do it through exchanges. Bitcoin has always led the market in the bull and the response has been same from people at the begining, except this is attempt to distract people

manipulation again? aren't we get tired of this Bs think?

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Quote from: rat03gopoh on January 18, 2023, 07:36:14 PM

Bitcoin is again churning out support on the 1-hour time frame, I hope it doesn't actually get broken this time on a minus -3% overnight crash given this is not strong support (only formed in the last few days) or bitcoin has to hit bottom again which is very dull.

You can't expect bitcoin to go straight to 30k or 50k without any correction, even during the bull season, bitcoin will still correct a few times for stronger upside momentum. I don't predict that we are in a bull season, so if bitcoin goes down, I wouldn't be surprised either. But if you are expecting bitcoin to continue to rise, then you need not worry with such a drop of only a few %. In the short term, I think bitcoin will still rise and then fall again.

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Quote from: michellee on January 18, 2023, 09:55:33 PM

We may think that the bottom has disappeared but we never know how the market will move. Basics can happen again if there is negative news about bitcoin, the market, the global economy or anything else that can affect the crypto market to lose its defensive power.

Currently, bitcoin is experiencing another correction with a condition of falling $ 20k but hopefully, the price will not continue to fall but can return to $ 21k. The current situation is unstable as there seems to be a force pulling the bitcoin price up and down continuously. So you have to be careful before deciding to enter the market.

The situation isn't stable yet which is why it is too difficult to assume that everything will be okay and say the bottom is over. Besides, reaching $21k isn't impossible to happen even during the bear season meaning that we don't need to be confident of the current pump event in the market, sometimes can be just a short pump and it drops again.

It was good to see the market showing green color again but this could give me confidence at all. I was still thinking about the correction and can possibly it strikes again when people are already thinking for Bullrun.

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