Topic: what is the bottom of this bear market BTC - page 4. (Read 949 times)

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.

Sounds like a good plan decoupling from the global stock market, we want the higher prices and that is made possible because wallstreet money was coming into the cryptocurrency market and once that happens it is really difficult to see the market apart. If the stock market crashes it will have an impact in the cryptocurrency market as well and that is what we are seeing for the past several months and it is time we accept that even though i do not like the situation we are in.

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. I was an ardent supporter of the selling of BTC this year, and I thought it would have breached below the year's low of $17625.00 already. But the present dispensation is the reality as bulls are not ready to let go. Bitcoin might move within $25,500-17,000 for the rest of this year, the September market movements made me resolve to this as more buyers are now at lower levels.

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 voted for 15000 above, as I believe the bottom of this cycle has already been seen at $17.5. This is if no catastrophic event happens for Bitcoin such as a news similar to the mining ban in China last year. Taking things like this out of the way, I think we will still be sideways a bit to go up with ups and downs to the $30-40k area, and that we will stay below $70k for sure until after the next halving.

I don't think we are still in a bear market. It's just that the market is now refreshed. During the last 90 days, bitcoin price was playing at around $24,000 (2 months ago) at the highest and around $18,000 (several weeks ago) at the lowest. Not because there's not much uptrend, it means we are still in a bear market. A bear market is a trend where the price is continuously going down along with most of the coins but it's not the situation every day.

To answer the poll, I think we already see the bottom and won't unlikely to reach below $15,000.

Many people are panicking about this month of October. Many investors can refer to October 2018 where the major Bitcoin price crash took place. Actually investing in Bitcoin requires a strong hand. Success is guaranteed if you stay strong in any situation. The overall situation in the world is not good. Due to which Bitcoin price may drop a bit but I agree that it will not go below $15k. And even if it goes, it won't take time to get up. Only those who believe in Bitcoin have succeeded in this concern.

The fact is that it's possible, of course I agree that we don't know where the lows are.
So far, traders continue to be between resistance and support levels, they can be bullish when the resistance level is broken but on the other hand the support level will not be strong enough to withstand a lot of selling pressure. It is a common thing in the market, we can not avoid one of them.

I've voted for one answer, but I'm not sure if it would be very strong support if severe inflation had kept the economy from doing well. It's possible for bitcoin to drop lower than $17K, but I don't know. We really can't predict its future price correctly.

Yes, $17k is the lowest price, but we don't know if there are any lowest prices during this bear season. Everything can happen, although we don't want to see it. We hope we will not see the other lowest price for BTC. Otherwise, that will trigger some people to panic and can't control themselves from holding their BTC. But if panic happens, I guess the price can be slightly down to $15k or even lower. So hold on tight to your bitcoin this month until the end of this year. Hopefully, there is nothing bad will happen.

We've seen so far that it's $17,000+.

And who knows if there will be the new bottom of it. Maybe we'll get more of that idea next year if things don't go accordingly and if most markets won't recover.

But do we think that it's going to be like that? We don't know. Many still are hopeful that bitcoin will be down somewhere around $3k to $10k again.

Honestly, I would like to think and believe that we've seen already the bottom that mostly are looking for.

How you do consider that this is already the bottom of this market? We arent ending 2022 yet which there's still lots of room or chances for the price to hit up lower price(hopefully) it wont really be that worst.
Determining the bottom price of this market is something that we cant really point out some fingers on which it would be always raising up a question on what numbers it would really be definitely
be stopping or make up some u-turn which this is the reason on why people do keep on hesitating on making up buying or selling decisions on a short time.
You would eventually get rid of these questions and doubts if you do have plans on holding it for long term.So it do really depends.

It is a bit easier to make predictions with whatever we have right now, look at how low it looks already, it has gone down 70% or so, and that’s low enough, I do not think that we will be going down to 10k at all, it would be very difficult considering all the money there is to be sold, people need to sell tens of thousands of bitcoin in order for this to happen at market prices, and I really do not think that there is enough money out there willing to sell that much bitcoin at market prices.

It is however a lot more reasonable to imagine a scenario where people are willing to buy, because it makes them profit to buy it and hold in the long run.

I think OP is too late to ask this because the price is now getting stable and a lot of us are expecting for a bullish move starting in the beginning on this month and onwards. We have reached the lowest of btc this year and that is when the price plunges to $16k and I think it's safe to assume that it was the bottom of btc. The hack incident is not a sign of being bullish but it's a negative event and this could discourage people of putting their money here in crypto.

I also don't think that binance will convert those stolen bnb into bitcoin. They even removed usdt last time. All what they want is to become number one so they will value their own products more than the others.

When we talk about the bottom, this is a price that might only appear for 5 minutes.   Its a function of volatility, if it rains hard enough your front door can find a river outside it where there was dry land for decades.   An order book that is saturated for a moment can yield extreme prices not thought possible.   A flash flood is possible, Im told in weather the world is becoming more volatile and my argument is so too is this true in finance and all prices;  BTC will have to bear the extremes.
   It wont be forever but the 2019 prices are possible to happen so I voted for that, volume occurring in the teens will be a clue if we are that negative properly or momentarily.


For these prices not seen in years, write down the year it last registered with volume.  Then look up the inflation indexed losses in dollar since that year, its all recorded by gov statistics we wont argue how accurately.   To see the 2017 price in 2022 is nominally the same price but include the inflation index and value is actually lower, paper currency is on fire and losing the edges of each note on a slow burn each year.  At some point holding cash hurts the bearer.

https://www.officialdata.org/us/inflation/2013?amount=1

Over a quarter of each dollar note is burnt and the ash blown away in the wind since 2013 you are this much poorer dollar wise.    This is the low key view, mild estimate as in reality it can be far worse.  Nobody has to care really but price on the graph will be stubborn to return to prices now even lower then the face value.

Of course not for under $12K, but I think the lowest price could be anywhere between $12K and $15K. Bear season isn't over yet, so there might be a bigger drop than it is now but I don't want to expect it to be real.

Basically, no one can predict the future with 100% accuracy, if anything, I think it's just a coincidence. So it might be good not to think too much about where the bottom is during a bear market, the best option is to buy what you can afford to lose and accumulate your assets while the price is still discounted. There is a unique fact, bitcoin has never dropped below ATH before, meaning I don't think the price of bitcoin will drop lower than ATH 2017.

Don't feed the troll! Just look at his signature space, look at his older posts, have a good laugh and move on.
And be happy he's posting like that, it can be meaning the the bear market is close to an end

It's weird that options do not include "we already reached it", I mean technically 15k+ is that, but to say that 8-10 or 10-12 or 12-15 as options, which are 50%+ away from the current price at the bottom, it is very worrisome to think that we wouldn't have it already.

Price is already bottomed out, that under 18k period back in the day was the key period when we already lived through it, and that means we are going to not see anything even lower, that was it and it's over. We should instead try to focus on something that is more realistic, like when will we start to go up because it's obvious that we are going to start going up in the future for sure.

Maybe setting as low as 3000-7000?

When it comes to bottom then there's no way that it could really make out precise conclusions on where price could be possibly heading on.
No one could able to determine on how low we could go low.So far we havent been seeing any negative sentiment when it comes to market fundamentals and events
which we could presume that this might not be bad on considering that the current price might be the bottom that we are pertaining or looking into.
Everything could really turn upside down and this is why its really hard to make out conclusions.

All what they doing is assumptions because it's very obvious that prediction of the price of cryptocurrency and especially bitcoin is real, but from my perspective i don't believe on those speculations they render to us. I believe that the bottom of Bitcoin is not stagnant and it can never be stagnant and that should be well understood.

Eh, the poll doesn't go low enough.