Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Yeah, I really think this was a real bottom
Topic: Was 17600$ was the bottom ? - page 4. (Read 767 times)
Yeah, I really think this was a real bottom
Grab some popcorn and go over these topics
They have all the same reasoning for the bottom at the price mentioned just like this one
Bitcoin's Recent Drop Below $60K Is Not Worrisome, Analyst Says
Will $50,000 be the resistant price?
₿ not going below 40.000 (probably)
Is $34k the bottom??
is $30k the bottom for this dip?
Was $25K the bottom?
But just like a broken clock, if we make a topic at every 1k increment, at least once we're going to get it right!
They have all the same reasoning for the bottom at the price mentioned just like this one
Bitcoin's Recent Drop Below $60K Is Not Worrisome, Analyst Says
Will $50,000 be the resistant price?
₿ not going below 40.000 (probably)
Is $34k the bottom??
is $30k the bottom for this dip?
Was $25K the bottom?
But just like a broken clock, if we make a topic at every 1k increment, at least once we're going to get it right!
Possibly not, we usually bottom in December or early year (before the halving, which is in 2024). So in essence late 2022 or early 2023 SHOULD be the bottom if we are reflecting previous cycle bottoms. Obviously past performance doesn’t always repeat. I think possibly we go lower though, I hope not but it is what it is.
Maybe you are right that the end of the bear market will be at the end of the year, November/December time. In fact I also think that price will bottom out then as well (1 year after ATH). But you do really think Bitcoin will need to go lower than it's current low (or near future low) in order to confirm the end of the bear market? This is the part that I'm not so convinced about, as the momentum for the bull market ended in May 2021, so I wouldn't be surprised to see bear market momentum ending a year later either, with instead a "traditional" re-test of the 200 WMA around $25K or something similar at the end of the year.
I'm just trying to factor in the differences between the 2021 bull market and how it could effect the 2022 bear market, while respecting the theory of the 4 year cycle rule. For example it hasn't taken 12 months to reach the 200WMA after the ATH, but only 6 months. Coincidently, it has taken 12 months since bullish momentum ended. Maybe this will be re-tested in 6 months @ $25K, or even much later in 12 months around $30K.
Possibly not, we usually bottom in December or early year (before the halving, which is in 2024). So in essence late 2022 or early 2023 SHOULD be the bottom if we are reflecting previous cycle bottoms. Obviously past performance doesn’t always repeat. I think possibly we go lower though, I hope not but it is what it is. Governments will probably announce a great recession later this year which would ignite another sell off. Also MtGox trustee might unload those coins back onto the market plus companies like BlockFi might blow up as we saw with Celsius & other lately.
I hope the bottom is already in but I doubt it.
I hope the bottom is already in but I doubt it.
I don't see much more of a dump in the coming days or weeks now that $20K has been reclaimed. Getting back above the 200WMA @ $22.4K would likely cement that theory further. But I wouldn't rule out a dump to $12K in the coming months if price get's rejected from $30K (previous support) and fails to hold the 200WMA as support thereafter.
For now, price remains too oversold on the Weekly time-frame for lower prices imo, at least now we've seen a reasonable bounce from previous volume support level of $17.5K to $20K.
For now, price remains too oversold on the Weekly time-frame for lower prices imo, at least now we've seen a reasonable bounce from previous volume support level of $17.5K to $20K.
12,000$
UnlikelyQuote
15,000$
PossibleQuote
6000$
Highly unlikelyI don't think Bitcoin will break the previous crash percentage from it's ATH on 2017/2018 year, it's around 85% dump. Now we're around 70% from the previous ATH, so it should goes lower to $15K if many people still want to make Bitcoin price decrease. As soon as whales saw the Bitcoin price is touched $15K, they will start bought the dip, like when Bitcoin touch $17K.
Nobody really knows…btc may go to $10k if the fed keeps raising the interest rates. But on the other hand, the markets may have priced in the rate hikes already. If that’s the case then yes, $17600 should be the bottom. We will see what’s going to happen soon 
You should have a plan for every market condition.
You should have a plan for every market condition.Since inflation does not seem to be slowing down, the Fed will continue to raise interest rates until the end of 2022. As interest rates rise, bitcoin and other risk assets will drop.
As of today, bitcoin is up and above $20k, but we cannot determine whether $17.6k is the final bottom of this bear cycle. The only thing we can do is prepare for the worst that can happen, even if it has never happened before.
We have seen $30k many were saying that was the end speculating it wouldn't go below $27k but yesterday it was down to +17k and now have recovered and gain momentum another still speculating again saying that could be the end of the bull. My question is; How many Bitcoin are holding to determined the market?
i guess those have thousands can say and shake the market. why getting worried over what you don't have instead acquire it when it low.
i guess those have thousands can say and shake the market. why getting worried over what you don't have instead acquire it when it low.
Frankly, I have my doubts. I've seen forecasts from various traders who talk about a day at around 12,000. Well, for now, the only thing left to do is wait.
I'd say that the ~$12k level would definitely act as a good base for Bitcoin to bottom out. However there is always the black swan event. The instability in international politic relations is not doing any good to the economy and we all feel that. As far as I am concerned I'm not convinced that Russia won't release a military war on NATO in the next few months. Historically after economic and politic conflicts, military ones come.
But nevertheless I see the area around $12k to be a very strong support level that could act as a springboard for Bitcoin. The "big players" are surely watching that level as well so prepare to see serious volatility if we reach that target.
But nevertheless I see the area around $12k to be a very strong support level that could act as a springboard for Bitcoin. The "big players" are surely watching that level as well so prepare to see serious volatility if we reach that target.
Yesterday the bitcoin price dumped to 17,600$. 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?
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Just a couple weeks ago people were asking if 30k was the bottom and many thought so.
In the thread I made many people thought that we wouldn't fall lower and some who did think that we'd go to 23k or 20k. For me going below 20k was also a huge surprise because we rarely touched any levels below 200 WMA. You can see that in the well-known stock to flow model that we stopped following last year for the first time in many years.
In the thread I made many people thought that we wouldn't fall lower and some who did think that we'd go to 23k or 20k. For me going below 20k was also a huge surprise because we rarely touched any levels below 200 WMA. You can see that in the well-known stock to flow model that we stopped following last year for the first time in many years.
Just as @darkangel11 has stated above, I feel this is something we should be concerned about, that is the 200WMA
The last time the market fell majorly below it was back in Nov. 2018 and the market didn't get out of it for approximately three months, I am not saying this might repeat but who knows but we do understand that that is a major resistance the market now needs to close above to continue the momentum upwards.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
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?
You have almost the same thread created just an Hour after another thread was created in speculation section hereMaybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
https://bitcointalksearch.org/topic/m.60400853
though there is 500$ difference from the said thread , now we are looking for more lowering price and yet ?
Maybe it is the bottom? or this is the next lowering in the following days.
Therefore, $17600 is not the bottom price and I expect the last bottom price to be at least $13,757. This is my prediction based on the historical price of the Bitcoin market and the prediction may not be accurate but $17,600 is definitely not the last bottom price.
We cannot be sure about it at this time. Considering the current situation of the market we cannot be sure which price level is the bottom because as far as I can see in this situation any uptrend price movement can be just taking a rest to save the potential for the lower levels, just like an oppsite price correction because the trend is still pointing to lower levels, according to some analyzes there is a price gap to the level of 13.5K and people are waiting to see bitcoin trading at this level, but since we cannot predict the price, that's just a possibility see the price touching this level.
I have also consulted some analysis on the future of BTC, but I feel that all judgments are for reference only, and their application in the investment process of each person will be different. On my own journey to find opportunities with BTC, I realized many things. That its volatility is an opportunity for me to buy and hold them until they can rebound and increase. Looking back at supply history as a With the current economic developments, BTC, I always see the potential it can create. Even if the price has dropped a lot from the previous ATH, those who have gone through these stages understand that it will bring opportunities and price surprises in the future.
This type of question is like asking what number will come out in the lottery tomorrow. If people can predict the bottom price for bitcoin then no buy and sell will happen in the market. People will just wait for the bottom price to buy which is very impossible. Bitcoin will lose value if no one is buying or selling, there should be a constant exchange between the two. What we can do is just prepare more funds in case market goes lower.
Yesterday the bitcoin price dumped to 17,600$. 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?
Don't exactly know what's happening next as only having watch over the market reactions at this time and prices are going through insane up-down rally like yesterday they were around $17.5k and now it has crossed $20k so what expectations you are having at this time? Just holding with full beleive and in long run it will rise so not much worried. Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
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?
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Few days back, people were saying 20k will be the lowest. Now we have seen something else.
See mate Cryptos are now a days very much unpredictable.
Many factors are affecting for which the price is so down.
Maybe Bitcoins might fall more, but it won’t drop less than 15k usd.
The reason for Bitcoins sudden increase in price from 17k to 19k is due to the traders who started buying the Bitcoins, seeing the low price.
Hope soon the bear market ends, and the cryptos turn green.
In ten years this discussion will be interesting to read.
Short term changes in the price are basically impossible to predict, given that millions of people all around the world are buying and selling Bitcoin 24/7, independently.
What you can know, is that over the long term (4+ years) the amount of new coins entering the network will be lower. If demand continues at the same or higher levels, it would mean a higher price.
Short term changes in the price are basically impossible to predict, given that millions of people all around the world are buying and selling Bitcoin 24/7, independently.
What you can know, is that over the long term (4+ years) the amount of new coins entering the network will be lower. If demand continues at the same or higher levels, it would mean a higher price.
If we only we can tell this? then we are surely to make everything and purchase Bitcoin because of incoming growth , but maybe ? the fall is going to be more coming .
but make sure that you are ready to purchase anytime soon , and be ready to Keep holding till the Halving back in the next coming years.
but make sure that you are ready to purchase anytime soon , and be ready to Keep holding till the Halving back in the next coming years.
looking at the current market conditions i think $17k is not the bottom level. because there is still the possibility of going down deeper.
like yesterday bitcoin is trying to recover price up to $20k and it's awesome. but it turns out that the rejection a few hours ago was still happening so that it went back down to $19k. and now as i write this it turns out that bitcoin is trying to get back up and has already hit $20k back. However, if this resistance reoccurs, several sources have mentioned that a potential drop back to the $16k area is possible. So keep an eye out for day traders. but for DCA I think you can start buying gradually from the next support after waiting for bitcoin to be rejected or not. just wait and see. because many analyst experts say the bottom potential is $11k-$14k. but of course we all hope that doesn't happen. because I imagined the altcoin price would crash. but for bitcoin of course the decline will not reduce buyers. in fact if we look at the purchase order book in the lower area it is waiting and very much. so that reflections may occur quickly. then DCA and monitoring the market is a wise choice.
like yesterday bitcoin is trying to recover price up to $20k and it's awesome. but it turns out that the rejection a few hours ago was still happening so that it went back down to $19k. and now as i write this it turns out that bitcoin is trying to get back up and has already hit $20k back. However, if this resistance reoccurs, several sources have mentioned that a potential drop back to the $16k area is possible. So keep an eye out for day traders. but for DCA I think you can start buying gradually from the next support after waiting for bitcoin to be rejected or not. just wait and see. because many analyst experts say the bottom potential is $11k-$14k. but of course we all hope that doesn't happen. because I imagined the altcoin price would crash. but for bitcoin of course the decline will not reduce buyers. in fact if we look at the purchase order book in the lower area it is waiting and very much. so that reflections may occur quickly. then DCA and monitoring the market is a wise choice.
Jump to: