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Topic: what is the bottom of this bear market BTC - page 3. (Read 949 times)

hero member
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October 25, 2022, 05:31:10 PM
#53
If we pay attention to the market conditions it will often see that the price fluctuates $ 18k - $ 20k, so it can be concluded that when the price drops below $ 19k then we can say bearish and I recommend to immediately buy, or vice versa when the price has touched $ 20k then Selling some is better and profitable.
I will say from my observation, since this year Bitcoin have not exceed the value of twenty and twenty five, and if the market is fluctuating that means that the market is lacking support and the supply of the market is higher than the demands, so they whatever Bitcoin has experience today it's Trace from the history of the acceleration of Bitcoin in price and mostly the degradation aspect of it's values
hero member
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October 25, 2022, 05:03:35 PM
#52
Lets poll the lowest BTC price can expect this bear market
I think that is a question that everyone would like to know the answer and it will depend on external circumstances, if the economies of the world remain at their current state but things do not get worse then I think 15k could be the lowest price we could see, but if things move in the wrong direction then I think it is possible we may get to see bitcoin at 10k, and while this could be discouraging it would also be a massive opportunity for people like us.
legendary
Activity: 3122
Merit: 1140
October 25, 2022, 04:48:43 PM
#51
I saw an article a few days ago where someone predicted that Bitcoin would go to $6000 in this bearish market. Then I thought he might be on drugs ‍addicted. Otherwise, how could such a thought come to his mind. One point may be mentioned here. Maybe the whales will try to dump the price of Bitcoin further with such news coverage and then they will try to profit from it. But in reality it does not want to come below 17000. So always avoid fake news or article which is make you frustrate towards bitcoin.
There are even who do predict out that it could reached below 2k which is really something too far off if we do make out some comparison or basing up on technicals.Im not saying that we wont really be seeing these

numbers possibly since this market is totally unpredictable.There's no way that we could predict on whats ahead and this is where we do really take out lots of speculations and even talking

the worst possible scenario which it cant be avoided for people not to say since we do have those lots of experience back in the past speaking about price volatility.
No one could able to determine on whats the bottom and this is why we do keep on speculating.
STT
legendary
Activity: 4102
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October 25, 2022, 02:00:27 PM
#50
Could be today is the near bottom pricing, as we accelerate away.   Its only definite afterwards but I would ring the bell right now as a definite maybe.

Super nice breakout for BTC just recently.   Its going past all the moving averages and could really go somewhere maybe, so long as this doesnt reverse back down like it has before.   If we continue to trade above and maintain positively above the 50 day average, this is the day you should ring on your calender in RED as the day BTC broke the negativity; dont fall asleep lulled by the market to ignore every move.
   If we find it all failed tomorrow feel free to draw in a big black cross across that breakout day, it failed but there is no point acting fearful and ignoring this point at which BTC can quite possibly gain in short period in region of 50% over where it was.
hero member
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October 20, 2022, 02:00:24 AM
#49
I saw an article a few days ago where someone predicted that Bitcoin would go to $6000 in this bearish market. Then I thought he might be on drugs ‍addicted. Otherwise, how could such a thought come to his mind. One point may be mentioned here. Maybe the whales will try to dump the price of Bitcoin further with such news coverage and then they will try to profit from it. But in reality it does not want to come below 17000. So always avoid fake news or article which is make you frustrate towards bitcoin.
hero member
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October 19, 2022, 09:14:16 PM
#48
The lowest price for Bitcoin is above the price in the poll you created. Maybe $17.8K could be the lowest price since the bear market took place as it goes along with inflation.
Yesterday the Bitcoin chart was green which was indicated as a sign that the market would be bullish even if it only lasted for a moment.
The potential for increased prices remains this year.
hold.
It's not make sense if you think if the chart is green, it will bullish and vice versa, because it could be just a normal volatility. I think if Bitcoin price increase or decrease higher than 10%, we actually can say it's a sign or bullish or bearish since 10% change in a day is quite big.
It is only indicated as a sign that the market will be bullish, for me it doesn't matter. It depends on someone's analysis to see even though what happened yesterday could be only limited to volatility.

The inflation problem still not resolved yet, we're currently still suffer high inflation and next year could be worse than this year. I doubt the lowest is $17.8K, right now I have a plan to sell my gold to fiat and then start DCA-ing Bitcoin.
Regarding the issue of inflation, Bank of America said the US economy is in good condition. Meanwhile, what we know is that inflation was the worst thing that ever happened during the 2008-2009 period. This condition will continue if the Ukrainian conflict has not been resolved.
hero member
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October 19, 2022, 01:12:42 AM
#47
The lowest price for Bitcoin is above the price in the poll you created. Maybe $17.8K could be the lowest price since the bear market took place as it goes along with inflation.
Yesterday the Bitcoin chart was green which was indicated as a sign that the market would be bullish even if it only lasted for a moment.
The potential for increased prices remains this year.
hold.
It's not make sense if you think if the chart is green, it will bullish and vice versa, because it could be just a normal volatility. I think if Bitcoin price increase or decrease higher than 10%, we actually can say it's a sign or bullish or bearish since 10% change in a day is quite big.

The inflation problem still not resolved yet, we're currently still suffer high inflation and next year could be worse than this year. I doubt the lowest is $17.8K, right now I have a plan to sell my gold to fiat and then start DCA-ing Bitcoin.
legendary
Activity: 2240
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October 19, 2022, 12:54:59 AM
#46
Lets poll the lowest BTC price can expect this bear market
The lowest price for Bitcoin is above the price in the poll you created. Maybe $17.8K could be the lowest price since the bear market took place as it goes along with inflation.
Yesterday the Bitcoin chart was green which was indicated as a sign that the market would be bullish even if it only lasted for a moment.
The potential for increased prices remains this year.
hold.

We have been hovering around this prize for a while now, it may be safe to say that this is the lowest it can get for this year. Normally, the price spikes in November and slowly goes down again in December into the next year. We may see the same trajection of the price this year as you indicated that the market may enter a bullish market. It may be short though so this poll can still be valid for next year because we have not fully left the bear market. We may see the lower prices listed next year.
hero member
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October 18, 2022, 09:46:06 PM
#45
Lets poll the lowest BTC price can expect this bear market
The lowest price for Bitcoin is above the price in the poll you created. Maybe $17.8K could be the lowest price since the bear market took place as it goes along with inflation.
Yesterday the Bitcoin chart was green which was indicated as a sign that the market would be bullish even if it only lasted for a moment.
The potential for increased prices remains this year.
hold.
hero member
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Merit: 723
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October 18, 2022, 05:50:26 PM
#44
Lets poll the lowest BTC price can expect this bear market
Do you know cryptocurrency bottom is not fixed, and making an analysis of cryptocurrencies trading, i believe it's something of personal suggestion because none of the suggestion is perfect, and i believe that cryptocurrency can have its increment when the investors venture into the market, and it might be today or next year, so in summary is that Bitcoin price is not what someone can as well predict it's values, because it's obvious the price never be stagnant.
sr. member
Activity: 1344
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October 18, 2022, 05:33:33 PM
#43
Lets poll the lowest BTC price can expect this bear market
If we look at the current exchange, maybe the price of Bitcoin will not seem to move from the price of $19k. But I'm sure the price will drop much lower than that price. Maybe it's just a matter of time. And I also hope that the price of Bitcoin will drop beyond the current price. Because this is part of the investment opportunity.
hero member
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October 18, 2022, 03:40:02 PM
#42
The poll is intentionally rigged to suggest that there must be a big drop to a much lower price (-25% dump) whereas there is no reason for it to happen specially since the past couple of weeks have proven that despite most the world economy going to shit, bitcoin doesn't want to go any lower than the current price. Wink
And this is where people should be looking at on which the support on 17-18k price isnt something that could be easily be broken despite of having lots of economical problems that we do have but still it do manage

to hold strong with these levels which does indicate that support is really that strong.We cant determine or making up conclusion if this one is already the bottom but its not really that a bad option to take

or consider for you to get in with these prices.It would really be still that a considerable action or step to take but of course always be mindful about the risk.
We havent seen the worst possibly for this year but hopefully it would not.
hero member
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October 18, 2022, 10:52:34 AM
#41
I sincerely hope not, so far btc has been fighting to stay above 18k and am really hoping it stays this way for some time. Hopefully there will be no negative news from the government to push the price down, in bear market, any little negative news can trigger sell pressure. I saw a post in one of the btc telegram channel i follow where the admin posted btc has found its floor, am not sure if by this he/she is referring to the bottom. i think only expert can tell what the bottom of btc will be (if they actually can).
I hope it doesn't go as low as 15k because many investors will panic sell.
legendary
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October 18, 2022, 06:13:30 AM
#40
I thought as much that it is possible that the last two or three months volatility will not be that much, all I am waiting for is November. If the volatility in November does not plummet bitcoin price below $17600 which has been the lowest price since all-time-high, it would be good for people not to look back but to invest because there would be some bull run before the next all-time-high. In November, if the price plummet below $17500, it will only lead to a strong bull run which may last for some months.

Just predictions, may not be accurate.
hero member
Activity: 2562
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October 18, 2022, 01:31:59 AM
#39
The poll is intentionally rigged to suggest that there must be a big drop to a much lower price (-25% dump) whereas there is no reason for it to happen specially since the past couple of weeks have proven that despite most the world economy going to shit, bitcoin doesn't want to go any lower than the current price. Wink
It is close to being rigged if not because of that last choice in the poll. The only way I see for the price to drop further is when there is a negative news but currently I haven't seen any so I think we will be stable on the current price we have now. Economic problems have arise last time and I think the price were affected with it where the price fall from $24k down to $17k but now the world situation is starting to normalize again.

This is why the price is recovering a bit and we are now sitting at $19k so far. If the economy continues to improve then we will return to the strongest support which was $20k and possibly climb for more until we finally end the year.
legendary
Activity: 3472
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October 17, 2022, 03:21:58 AM
#38
The poll is intentionally rigged to suggest that there must be a big drop to a much lower price (-25% dump) whereas there is no reason for it to happen specially since the past couple of weeks have proven that despite most the world economy going to shit, bitcoin doesn't want to go any lower than the current price. Wink
hero member
Activity: 3052
Merit: 651
October 16, 2022, 10:18:30 PM
#37
Vote is for 15k+. I don't think it will go down that number any time or anymore. Even though it's volatile it's strength now is higher than it was years ago.
Many investors still believe that it is the best cryptocurrency to hold for a long time than any altcoin or new projects that claims they will topple it.
All we need is to wait for the bull run once this world economy goes back to normal or better, and the war ends in neighbor countries.
hero member
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October 16, 2022, 10:50:54 AM
#36
We should not wait for lower price to start buying because that will easily lead us to miss the opportunity to buy bitcoin if it suddenly increases in price.

There is no sure prediction yet to say investment now will be right time because price is still in speculation to drop down. If this happens really , this level may not be the right time. I think DCA will be the best investment now and not to buy in totally but gradually and testing the grounds. In the past people have invested all they have and went for loan also but didn't succeed because it wasn't the right time. We don't have to rush in now because no volatility yet except we approach halving.

Incorporating sureness to a prediction is a total nonsense because the definition of prediction is already self explanatory that it’s just an assumption so it means that no one can really give a guaranteed prediction or assured to anyone that his prediction his right unless it happened already. All prediction here might be right or wrong but we should take consideration all the known supports to have a good price prediction with an accuracy.
sr. member
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October 16, 2022, 10:46:01 AM
#35
We should not wait for lower price to start buying because that will easily lead us to miss the opportunity to buy bitcoin if it suddenly increases in price.

There is no sure prediction yet to say investment now will be right time because price is still in speculation to drop down. If this happens really , this level may not be the right time. I think DCA will be the best investment now and not to buy in totally but gradually and testing the grounds. In the past people have invested all they have and went for loan also but didn't succeed because it wasn't the right time. We don't have to rush in now because no volatility yet except we approach halving.
hero member
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October 16, 2022, 01:22:19 AM
#34
I chose above $15,000 and this might truly be the right answer because Bitcoin is hesitant to break below the low of this year at $17,625.00 (June low) talkless of dipping below $15000.
(.....)
Very possible but it seems to me now, we are still early to decide when will the bottom of this bear market is. $10,000 is really possible for me because I am expecting we will not see a new all-time-high price until the year 2024, so we will not know what will happen in 2023 next year.
I am not negative on Bitcoin, but if the market won't still recover this year, I am really expecting to see $10,000 will the lowest bottom.
You have a point there, this year still has over 2 months to end, so anything serious could happen. Yet, I like you to know that we are all speculating, and once our speculation comes with constructive backing, then it is nice. If you check the movements of Bitcoin since June, you would realize that it is no more a serious contender on the selling side. Too many buyers are at the lower end of the price, and more pending orders are been added daily.

This, with the reluctance on the technical analysis, will prevent it from selling further.
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