Topic: Was 17600$ was the bottom ? - page 2. (Read 783 times)
Until now the price of $17700 is the lowest, but we don't know what will happen next, even though the price has not dropped below $20k for 4 days but we must always be vigilant, it's better to sell immediately if the price is below $20k.
Probably not, because it doesn't look like a major psychological barrier - that would be close to $10,000 which is also a point from which the bull market has started. Also bear markets usually last for many-many months in Bitcoin, and it hasn't even been one full year since the ATH.
There is some chance that it was the bottom, but I wouldn't rush to buy Bitcoin now, there will be plenty of time to wait and see if there will be a better price or not - it's not going up anytime soon.
There is some chance that it was the bottom, but I wouldn't rush to buy Bitcoin now, there will be plenty of time to wait and see if there will be a better price or not - it's not going up anytime soon.
We havent yet proven the decline has ceased. Price action remains below the 200 week average, as a recovery we're mid way and its quite weakly attempting upwards still. I think we do need to see BTC close on Sunday the weekly bar above 22.5k or so. So to the OP question no not yet, the door remains open.
Looks like we are doing fine. Many people are scared that we could still drop and this could be a dead cat bounce, and I have to say there is no way of knowing if it is or not. However, I can say that it is definitely looking like something that would be very dangerous for all of us if it turns out to be that way.
I think it is doing a good job right now where it is, and if this goes on for a while longer then we will be doing fine, it is going to take a while to learn if it is doing great or not, but that means we are not going to get an answer right away. Let's wait it out, it will be a great situation to wait, and it will result with a good answer eventually.
I think it is doing a good job right now where it is, and if this goes on for a while longer then we will be doing fine, it is going to take a while to learn if it is doing great or not, but that means we are not going to get an answer right away. Let's wait it out, it will be a great situation to wait, and it will result with a good answer eventually.
Some of the members have already speculated $17,600, that's the bottom or there's another time we never imagined.
I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.
But we don't know that there prediction is exact to what's going to happen on the market because even if we are quietly have some little pull ups still it will never give any guarantee that the $17,600 is the last dip we can see. Maybe there will be more as the target of other speculators is at more bottom of $17k or more.I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.
Sure there are levels to this, just because you reach 23k doesn't mean you won't go back down, but if you reach let's say 33k, it sounds like it would be hard to go back down right? Or go to 43k? That would be still "possible" but definitely not likely. Which means that there is a number where we can go up, and then say that we won't find any lower bottom and that was it. We will not be sure if that was the bottom until we reach those prices, but we will know when it happens.
Bitcoin price already dumped and touched $17k and too early to happen. But bitcoin price early dropped in 2022 and staying 3-4month around $40k+ but last 2 month bitcoin price dropped unrespectable. Bitcoin price touched $68k+ in 2021.we know Bitcoin has always up to a new ATH every dip so maybe we see 75k+ next pump.
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
We all can have our own speculations and price prediction, however, these all can't be said was right or wrong. Even having the basis like citing the past events and market history, still can't assure about it, we know how the market works, unpredictable. We still don't know if we have already touched the bottom price of Bitcoin or if there is something that might surprise us someday as to see that the bear season isn't finished yet, we don't see any significant reason for the price hike that is why we could expect more dumps after a short rise.Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
As you said, the movement of the crypto market is very difficult to predict, so each of us should do some research and analysis. So we can predict
where the market will move, because relying on other people's predictions is not the right action. There is no guarantee that other people's predictions
are more accurate than our own, so we must believe in our own abilities. Because only we ourselves know what is best for ourselves, so just do what
we think is right, that's what we should do. Then never be afraid to fail, because failure can teach us how to achieve success. So we decide
for ourselves the steps we will take considering the current market situation, but according to my prediction the market will still fall even lower.
So I decided to monitor the market movement first, to be more convincing of the decision I will take.
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
We all can have our own speculations and price prediction, however, these all can't be said was right or wrong. Even having the basis like citing the past events and market history, still can't assure about it, we know how the market works, unpredictable. We still don't know if we have already touched the bottom price of Bitcoin or if there is something that might surprise us someday as to see that the bear season isn't finished yet, we don't see any significant reason for the price hike that is why we could expect more dumps after a short rise. Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Did the price really dumped to 17.6k last week? It's too early to say that 17.6k is the bottom just because we are seeing 20k now because a lot of times we have been on this scenario where people expects a recovery and a pump but the opposite always happens.
I think this was just another prank or a trap as they call it, for some people to buy more because there are people that fomo's whenever they see a recovery in the price but aside from the figures above, there are also some that says btc can go 1k and below it but I won't believe on all of them not until I see it happening.
Yeah it did happenI think this was just another prank or a trap as they call it, for some people to buy more because there are people that fomo's whenever they see a recovery in the price but aside from the figures above, there are also some that says btc can go 1k and below it but I won't believe on all of them not until I see it happening.
Bitcoin briefly dropped below $17,800 as sell-off accelerates — here’s what happened
https://www.cnbc.com/2022/06/18/bitcoin-price-drops-below-18600-as-sell-off-accelerates.html
Considering the bottom? Its really hard to make out some conclusions which we know that the market is totally that unpredictable or something
doesnt give out assurance but seeing on the market condition then it do really have some positive pullbacks.
Did the price really dumped to 17.6k last week? It's too early to say that 17.6k is the bottom just because we are seeing 20k now because a lot of times we have been on this scenario where people expects a recovery and a pump but the opposite always happens.
I think this was just another prank or a trap as they call it, for some people to buy more because there are people that fomo's whenever they see a recovery in the price but aside from the figures above, there are also some that says btc can go 1k and below it but I won't believe on all of them not until I see it happening.
I think this was just another prank or a trap as they call it, for some people to buy more because there are people that fomo's whenever they see a recovery in the price but aside from the figures above, there are also some that says btc can go 1k and below it but I won't believe on all of them not until I see it happening.
Surely we do not want to see the price of bitcoin drops below $ 20k, when the price of bitcoin drops around $ 18k I think that this is the best decision to avoid losses but I am optimistic that the market immediately rise again, although now it hasn't moved away from the red zone but I will Hold at least 6 months.
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It has been speculated that the BTC price will hit US$10k in 2022-2023 as the worst-case scenario for the entire community of crypto investors and tech companies relying on this cryptocurrency for payment transactions. The prediction is that after hitting the rock-bottom level of US$10k, Bitcoin may turn around for a comeback while reaching the US$50k zone.
From the data above, I assume Bitcoin will go even lower than the current price, the bottom line: I hope, if it happens $10k, hopefully I can do something in Bitcoin for the future, I really lose, if the opportunity goes by and it's useless knowing Bitcoin has reached the level of $ 10k, without doing anything for sure and always in failure.Maybe do not use all of your money and use some of it, and then go in even more later on? That seems like something that could be done if you ask me. Definitely a challenge, but could be done.
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Some of the members have already speculated $17,600, that's the bottom or there's another time we never imagined.Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.
But we don't know that there prediction is exact to what's going to happen on the market because even if we are quietly have some little pull ups still it will never give any guarantee that the $17,600 is the last dip we can see. Maybe there will be more as the target of other speculators is at more bottom of $17k or more.
Despite that we wanna see it as a possible bottom and a stronghold for supporters, there are no guarantees or promises about it. Anything could happen without warning, coz’ it’s possible that it can still break the support level like what we have initially expected. Actually, it’s way beyond our expectations that the Bitcoin price declined like this due to many factors such as the Luna crash, Celsius pausing withdrawals, etc. Typical market manipulation by the whales.
I reckon things are getting started now. Wherever I go prices are rising. Not just 8.6% inflation but way more. This will lead into much much more economic decrease and I don't think people will be able to hold onto to their precious coins. No some of us may be forced to sell, which will create more downward pressure on the price.
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Some of the members have already speculated $17,600, that's the bottom or there's another time we never imagined.Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards.
No one really knows what the bottom is, even an expert should be difficult to predict it. $10k, $12k, or $15k for the bottom is purely speculation, people guess it with their own analysis. Sure, no guess who has a big accuracy, sometimes people just speculate it without any reason/research/analysis. However, speculation about the bottom will be $6k seems too much for me. I know it is not impossible, but it is too much if we consider the BTC ATH in the previous year.The best way to do for now is to buy that dip as much as you can because you won't be able to see this price again in the near future. This would be the cheapest price you will ever get so just think about it like that or you will miss the ship again. A lot of people keep regretting their decision in the past that they did not do when they still have the chance but instead they doubted.
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards.
No one really knows what the bottom is, even an expert should be difficult to predict it. $10k, $12k, or $15k for the bottom is purely speculation, people guess it with their own analysis. Sure, no guess who has a big accuracy, sometimes people just speculate it without any reason/research/analysis. However, speculation about the bottom will be $6k seems too much for me. I know it is not impossible, but it is too much if we consider the BTC ATH in the previous year.
While we may not see further downside pressure from the events currently suppressing the market, there's still all the ETH2.0 coins to be unlocked
Not all no, most are locked up in Lido as stETH and as we've already seen in recent weeks investors aren't waiting to redeem their stETH 1:1 with ETH, they seem quite happy to sell at a 5-10% discount, knowing price could easily be 5-10% lower than current price when 2.0 launches. Or others simply wanting more liquidity for any potential (anticipated?) further downside. Sure there will be others that will be keen to unstake and sell that are running nodes, given that prices are back to where most would have locked them up, but overall I think this is an issue for the wider altcoin market, thus unrelated to Bitcoin.
Thinks like Luna dumping BTC treasury affects Bitcoin, DeFi liquidations that were leveraged with WBTC (Wrapped BTC), 3AC insolvency when enough was long on Bitcoin, but locked Ethereum? I don't see the relevance at all, only that ETH will likely dump fruther against BTC in the near future, not necessarily USD either. We've seen this enough times with bitcoin seasons that can remain immune to shitcoinery.
That doesn't rule out Bitcoin recovering, to me it only suggests a 2019 scenario of a considerable Bitcoin recovery, followed by more carnage in the shitcoin market (valued against BTC at least).
The market looks strong today, Bitcoin breaks out $21k and moving smoothly. Also, rest of the markets performs well, it's always great to watch green market. If anyone really thinks long term, hold is great. Purchasing when the market are transforming into green pretty insane, yet focus on something else for some time for making entry. Do your research so that you can still make money regardless of what direction the market heads. Bitcoin is the ruler, purchase if you can afford.
The market is getting a little green. Along with bitcoins, altcoins are also trying to rise. But the market is still in a bad position. It can go down again at any time. However, if you start going down this time, the price of Bitcoin will go below $ 15K. And if Bitcoin goes below $ 15K. So, the market is not likely to be good in the couple yearsI think we've just made it through the liquidity crisis that Do Kwon set in motion. That's a huge step towards recovering to a healthy market. One still can't ignore coming challenges though. While we may not see further downside pressure from the events currently suppressing the market, there's still all the ETH2.0 coins to be unlocked and the mtgox coins waiting to hit the market. Once those two challenges are in the rearview, it'll be off to the races again. Those looking to catch the absolute bottom probably still have their opportunity ahead of them in the coming months.
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