Topic: what is the bottom of this bear market BTC (Read 957 times)

We have seen what really happen to FTX in the next 2 weeks after this post, so basically SBF really mismanaged the funds of his investors causing the exchange to fall and then collapsed, it's not about he feud between CZ and SBF or Binance or FTX. On the other hand, CZ try to help out but in the end, he has to pull out because the issue is really out of control.

And then we've seen the price going to a new lower lows of $15,500, and although we have somewhat gain at $17k right now, still very far from what everyone thought that the price will be at the end of the year. Everyone predicts at least $20k-$25k.

Hard to tell;some are saying Bitcoin would reach $13k and some believes that it would be $16k which is the floor price. In fact we're not sure yet of how long will the market price struggle at the current barrier. There are no clear signs still on its market value even if this year is about to end (market prices are expected to increase on the 4th quarter of 2022). If the beatish trend will continue until next year, I think the market value of cryptos not only bitcoin are subject for lower market prices, so let us hope things would start to recover.

$15k is a more realistic price prediction especially at this moment. Cryptoindustry are quite having a noide these days, unfortunately, negative news were also included in that noise. Once good things come one after another, there would be a clearer chance for recovery.

Who said the prediction? Because I do not think that the same case will be repeated in other exchanges. Meanwhile, the FTX case is just a feud with the Binance exchange where Binance can still be relied on by everyone in crypto. So it would be very funny if someone could predict a case that hasn't happened on other exchanges by saying the same thing. And did you feel regret when you bought Bitcoin at $21K? Because now the price of Bitcoin is under $ 17K.

Looks like the 30% of voters are the one who wins here , because I thing there are lots of dumping to happen any time soon , not only this FTX there will be another for sure as we are coming near to Halving of bitcoin miners.

https://coinmarketcap.com/currencies/bitcoin/

Still lowering now, I thought recovery comes already yesterday but seemingly another trap.

I agree with you, nothing sounds weird here. In my opinion, for days with some big news or events, we should stand outside and watch rather than rush into the market thinking we can beat it. With major crashes like this any analysis or prediction becomes meaningless and if we trade during this period it is no different than we are gambling. As long as the market survives, there are still opportunities to make money, so don't take too much risk and put pressure on yourself.

There are market conditions in which the best move is to simply stay away from the markets and do something else with your time, now this may sound odd to some but this is the best way to deal with this situation as a trader.

Otherwise you will go crazy trying to figure out which way the market is going to move next, it is simply better to let this crisis runs its course and once we can say is over then we can decide which is the move that is the best according to what we see the market doing at the time.

With the present price of bitcoin dumped into $16k today, I think it will never stay $15k above in the next possible days. Bitcoin has higher chances to drop more if another issue will affect bitcoin again and as long the bear market stays, we should be more open for a lot of possibilities that bitcoin price will stay in the range of $12k-$15k in this bear season.

Last week I bought Bitcoin when the price of $ 21K because many predictions were sure that the market would rise and reached at least $ 35k at the end of the year, unfortunately FTX made everything chaotic and we had to lose a lot of money in 2 days, and according to the prediction that the FTX case would be Repeated again in another exchanges.

honestly the situation is very worrying, the price can even fall below 15000$ if the situation is not resolved, and as the bad news keep coming, for example:

FTX US suspends withdrawals, according to on-chain data

this whole problem that has only been getting worse every day and has no solution in the short, medium and long term can push the price as low as 14000$ where it could be strong support, if it breaks then we would see the price drop to 10000$, in this At the moment I have already stopped trading, and honestly I will not trade again due to fatigue. but for people who want to buy to make hodl they need to be very careful

The developments on the battle between Binance and FTX have changed the way we look at the market in just a few days, at this point I do not see how FTX is going to survive and if that is the case a great deal of people will lose their money, whether because they invested in their token or because they had their money deposited at this exchange, and this will destroy any chance for a small recovery we had during the next months, while at the same time it increases significantly the chances we may see yet another crash at the end of the year.

Yeah we can vote to be in between fifteen thousand and twenty five thousand (15k- 25k) but when market comes it changes the way, that's what people don't know, all this voting prediction are not sure, it's under probability the way am seeing it, so the investor will determine the market.

you forgot to mentioned which year is that? 2022 ? or before the Bull run comes/ if that is the question then i think we are still not having the bear then.
My speculation this could go even below 10k before the momentum of Bull comes and that would be 100k ?
so lets  see what happens in the next coming years, but 2022 is near to end and I think that 17k is the lowest.

But those who voted wanted to see it up, they don't wanna lose their hopes about this so I think over 15k speculation is enough and fair , it may cross 25k again but at least ? we won't see it falling below 15k .

the last bottom was 17k and this may be not done , but if I were to decide ? 17k is the bottom for me to invest again.

Looks like majority voted over 15000 for this poll but I don't think so. People always underestimate how bears can work in crypto markets and how strong they can get. In Current psychology, market players see Bitcoin price somewhere between 15k-25k. Although it can be easily changed if there was huge dump, triggering under 15k orders. This is unlikely to happen now - but we can't say it will never happen.

We know that people in general fear the unknown, if the price remains close to the current levels then I think most of those which still have doubts about being invested in bitcoin can still hold their coins without too much of a problem.

But if the price begins to go down again and it reaches a new bottom those people will have a lot of problems holding their coins, not only because of the new and lower price but because at that point it would be impossible to tell how low the price can go, and during such scenario it would not be weird for them to sell their coins for a loss as they are in complete panic about the future price of bitcoin.

I do not know anyone who can say that this level is the bottom level for Bitcoin. I don't believe there are people who know people who can say that. The main thing is that everyone has a bottom level according to their own budget. Everyone will buy Bitcoin at some point and wait for the rise after that level. I think this is what it should be.

I would not say that the bottom price has already been reached because the fact that the market remains bearish, there are always chances for bitcoin to experience more price drops in the days or months to come. And I believe it’s even a great opportunity to start investing in bitcoin when it’s price is more bearish so you can maximize your purchase not only with bitcoin but also with established altcoins.

What do you mean?

Isn't it scary to see the price goes down to $69k to $20k already? So even if it went down to $14k, I think we have hold our emotions not to get affected by this negative news, afterall we should understand that we are in the bear market. And on the contrary, should take advantage of the price and buy and invest because it is very cheap. For sure this is just part of the natural process of bitcoin market, sooner or later we will have a good bounce back again, all time high could be in the 6 digits, in my opinion.

I do agree that bull run could be starting sometime soon. It doesn't mean that it will happen right away and we will be 68k+ in a month, that’s not how the bull run works. I believe that we could be 30k by the end of this year, and around 40k to 50k by spring, and then around 100k by summer. If that is the path we are going to take then I believe we could actually do that.

This is going to be tough because of two reasons, first of all, we do not know when it will happen and secondly when it will stop. If you invest and wait for it to peak, then there is a chance you could hold until it peaks and then starts going down, so you should be careful about that as well.

Does the market look scary to you? Not guess... As long as we are able to understand the volatility of the market, therefore, we are also aware that dumps and pumps will come. That is why instead of thinking negatively, we use to keep our mind stay calm as this will just pass by. I have no clue what will be the bottom price of Bitcoin nor do I think it badly. But what I see is the opportunity of the market when the drops come. Those who know how to hold will even receive rewards later.

For bitcoin lovers, it may be partly scary to see the price drop and partly waiting for it. Looking at skyrocketing transaction volumes, technological advances, market adoption versus bad things like negative media views, market manipulation, overall volatility of the crypto market, it looks like there is a possibility that BTC may be lower now and possibly to $14,0000.

However, bear markets are a natural part of the cryptocurrency cycle. BTC could remain bearish for some time. Or maybe rebound in a short time.

Let's hope it doesn't return to $18k or $17k, although it is still possible to see the price drop back to those price levels. But I agree if the price drops again, it will take some time to get back to the current $20k price or even higher. The best time to buy bitcoin happened when the price returned to $17k because, for the time being, $17k was the lowest price. Nonetheless, the current price is a good price to buy more bitcoins.

when you are talking about bear market it must be a continues falling but what we are having now is a stable market and the Bear had already gone.

So if I were to answer then it must be 15k and above because what we have recently is at least 17k lowest performance this year.


in this moment ,  Yes we can keep seeing some possibilities but the thing is that the price now is increasing and yes we can find it as the start of  bullying year.

While without a doubt the price is pretty much unpredictable when it comes to its short term movements, we can also see some patterns emerging when we take a look at the movements of bitcoin during the previous years, it is because of this that we recommend holding our coins for the long term because if you are wiling to wait for a long time eventually a new bull run will come which will push the price higher than ever before, unfortunately newbies not only want to earn money in the markets but they also want excitement, so this particular strategy does not attracts them at all and they prefer to take their chances trading bitcoin despite knowing the risks this entails.

it has been given from the votes, and event he market now shows what is it and that is the lowest of 17k that we had recently .

Now that Bottom is being taken we can ask the second part and that is about the highest we can get this market till December.

I am going to 35k .

sideways is part of every investment platform mate , because not that all we desire will come our way in expected time.

Tie your hands tight and hold on, this should be the reason why you invest in bitcoin. You are not here to feel how the losses are, so resist the urge to sell as much as you can because in the future the price of bitcoin will increase rapidly. The most supportive reason is because the halving will occur in two years, so this should be a good momentum why you and them need to hold on to their bitcoin.

Prevent losses means they should refrain from selling at a loss even if bitcoin could lose 80% of its past ATH value. Beginners should learn from the experiences of others, they should not regret the decision later.

I voted for the 12000-15000 option and my reasoning for this is simple, I do not think the bears are done attacking the price of bitcoin, I think they still want to make the price of bitcoin even lower so they can buy it now and obtain even bigger profits in the future.

Now maybe I am wrong and the bears are not going to launch an attack at the end of year, and if that is the case then that is even better as I do not really wish for the price to go that low as it could create massive panic among the relatively new holders and they could sell their coins for a loss.

Yes, it was more than 3 months ago when he hit that all time low in this bear market. But then again, we still in the middle of it and if history is going to repeat itself, then in the last couple of months before the halving the price will have to go down just like in 2020. I doubt that the price will return to $40k, we still have lot problems globally, the war and so it will be winter once again, and the price of crude oil will definitely go up because of EU crisis. US is suffering from inflation, so I don't see the price doubling up at the end of the year.

It looks like the bottom price is $ 17k and has been more than 3 months not in that price range, good news today because the market rising is more than 8% for a week, I'm sure this year's market can rise and the end of the year the price can return to $ 40k or up 2x compared to the current price.

It seems we are out from the bear market and the bottom. Bitcoin price lasted at $19k for a longtime and with the look of how the market is nowI it seems we are about entering the bull season now. But let still watch if it will still be increasing as time goes on, we are moving to the season when investors will enjoy their opportunities. The reason I feel the bear market is over is that bitcoin price stayed for a long time at $18-19k .

In the opinion of many experts that many are sure that the market will continue to fall to below $ 15k, of course we do not expect this to happen, but if it happens then the best thing we do is continue to buy, price pressure like this will usually occur within short and market immediately risping again

Yes, still uncertain if we have reached the bottom of this bear market or not at $17,500. Sometimes I think that we have floor it, however, we still have 2023 for next year and it could be a bear market still.

So it's better to just be prepared for everything that 2024 will throw in our way, it could be that we will see another lower lows, or even $10k. Or the price action will remain in this way, sideway pattern around $20k'ish with some moment wherein the price will bounce back. Bearish season will end after the block halving and it is schedule to happen in 2024. Many things can happen along the way and just be ready in any case.

Looking at the current price in the crypto market, show that we are out of the lowest price in this season because the price of Bitcoin just moved to $20k, which the green light is still dominating in the market to alert investors that the bull season is near. Since the price has moved to this current price, show that people will soon enter bull run that will make them to achieve a good profits from their investment, and have a good time to prepare ahead for another bear run to come again.

Honestly, I have nothing wish for the bottom and am not even interested to know because no matter what we do, the drop will come in no specific time and price. But I think, the bottom price has already been reached in the past few days, and we are now looking forward to the market recovery.
And the reason I don't want to know it is because that will only gain negativity and those who don't understand the nature of the market will even think more about the negative, and panic selling may appear in their mind.

the answer  votes are given and that made it decide about 15k and above and that is the recent bottom at 17k? though there are some possibilities that there may come more lower yet ?  people here are still believing that there are more bitcoin can bring this coming year ender.
so either 15k above or below , actually most of us care nothing because we are ready to keep it hold for a certain time.

The war is still going on, inflation has not cooled down so for sure negative news will come, in November we will have news that the Fed will raise interest rates, let's prepare ourselves for everything.

If you ask me if there are manipulator sharks in the market, I will believe that sharks are real, but I do not believe that there is an expert who can accurately predict the bitcoin price. If so, I think he will be richer than Elon. All predictions are for reference only, do not trust anyone claiming to be an expert. $15k won't be too bad if you're waiting to buy it, its bad or the opportunity is up to you to decide.

looking at how it works now? i believe that  the bottoming is still not over and it may continue to drop even if we are seeing a good increase in our time now.
there are increase happening like 7% in bitcoin but the problem is the world is still suffering from wars and inflations .
so lets see how this ends as the year near to close .

Possibilities are there but seeing how stable the market is maybe we can figure out that this will never happen as for sure once many investor see the storm has been calm they maybe come to hold back bitcoin again. But let see its so early to tell everything we speculate since maybe we can see some changes either we like it or not.

We hope that the price of $ 15k does not occur and The Bottom is $ 17k that occurred some time ago, at this time the price has reached $ 20600 and I hope tomorrow or the day after tomorrow will rise soon at $ 21K, if this scenario occurs I'm sure in November it will touch $ 25k And make investors optimistic to continue to buy so that the price of Kana continues to skyrocket.

The resistance level at 20k is much and just as you have rightly stated, Bitcoin have lack the volume of resistance needed to push its price to the next level if what is happening to continuously, we may see more price fluctuation in the coming day or weeks but am sure we may not see that low Bitcoin price as mentioned in the poll.

But that not withstanding, a lot of investors are waiting for.more price case to buy in big this time but how long their have to wait is what is not certain at this point in time.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

$19,000 is regular purchase which is considered Dips by me so it's not the lowest price but I don't want to speculate too long but I make sure that I have bought at that price.
Well that's the case if you think too much about the lowest price and even want it even lower, no one knows so I have tried to take this opportunity during a volatile bear market to continue to hoard more Bitcoin in the portfolio.
Even if the price reaches the lowest of $15,000, I will enter again, nothing difficult but we are more prepared to have funds prepared for the next Bitcoin purchase.

Moreover this is very difficult to give guarantee on these type of questions. Because in crypto currency he market is very volatile and unpredictable . It is fully depends on the current situation of world economy and also the market of Crypto. And speaking of now, the previous market conditions suggest that Bitcoin will not bottom below 15K, because every time Bitcoin drops below 20K, a small resistance is created that holds it back to move higher.

Many tries to buy back BTC everytime the price drops since we don't know where the price will drop last, so many take advantage of it's downfall when they can since it might rise again after that drop. We cannot see upto how much it will drop or when it will rise again since the market is unstable and there are economic news affecting investors decision. There is also no influencers that can hype the market now unlike before.

On the paper the correct number is 8k-10k, however there's a very good chance we're too late to get there/that low. Still, never say never.
Imho if it weren't the current uncertainty on financial markets the bear market could have been already over.

The lowest we went through recently was $17.6k, not $19k currently. Many people are predicting things will get worse and new lows but these are all predictions that no one dares confirm. I find the bottom to be unpredictable, we're just wasting our time on it, what we should do is buy more in this bear market. Maybe we are not at the bottom yet but it is also possible that we are near the bottom and the distance is not too different. Don't let the market spike we will miss the opportunity to buy low.

I don't know the bottom price for this year but surely many would think it would be lower to buy Dips but that can't be predicted accurately I just saw in my assumption that $19k is already the lowest and best to buy Dips.

Although there were expectations that were lower than this I wouldn't target too much further thinking I already held the capital to buy more Bitcoins so I did, because I wouldn't be more curious about price bottoms but I'm more important buying regularly for the current bears .

Be buying now before there is a spike because it will be a regret.

I also voted for 12k-15k, I predict it will happen within year and I believe history will repeat and bitcoin will drop more than 80% during this bear season. A few days ago OPEC + announced to cut world oil production and the price of brent oil continued to reach 100 USD, today the news of the war is even more terrible when Russia attacks directly the Ukrainian capital kiev. Bad things are still ahead and I believe it is more likely that they will bottom sooner if the Fed continues to increase 0.75% in November is inevitable.

I guess we already hit the lowest price for this bear market.
BTC won’t fall belo 17k usd. I am not saying this, many veteran traders have already mentioned about this.
Now Bitcoins will only struggle in this price segment for the next few weeks.
Once the bear market gets over definitely, the price will boost up. So I am advising everyone to buy as many Bitcoins as they can in this cheap yet affordable price.

What we need now is a decoupling from the global stock market indicies. We all know the global banks will keep raising rates, so stocks will keep going down. So will crypto and gold. Inflation this week will also lead to hawish action from the fed. Same with the fed meeting they will have. The last weeks employment numbers didn't look good.

Eventually stocks will go down but crypto will stay flat or go up, same with gold. People will realise that fed is damaging the global markets and QE will be around the corner and crypto will most likely take off first. This will happen sometime soon because its already getting bad out there.

Though Bitcoin is unpredictable I think, that's unlikely to happen.

Bitcoin price candle this month was played at the range of $18.5k to $20k and it was never down beyond $15k and I think that will not happen.

Do you think it could be a bullish sign this month the hack happened on Binance recently?  It's $100M and it could be converted into Bitcoin.

This year our lowest low is $17,500. But maybe next year when the bear market continues, and so I voted for

12000-15000

I think if we are going to see a new all time low, it could be around this price. And I have seen others predicting it as well and so I will go with them.

We are still in recession and the war is still in the background and there's no sign that both sides will agree on terms  specially Russia.

Price is totally unpredictable and there's no way that we could really predict on when this bear market ends, whether it would be on this year or into the next.This is why lots of technical analysis and
speculations had been floating around and telling that 10k price or even 8k would be the possible bottom if ever this market would really be crashing but no one really knows on what would
happen next.We cant really able to tell on whats the next move and this is why having the step or action whether you would really be risking out or would really be just waiting up
for some market action before you would really be making some move.

The price of Bitcoin currently is above the poll price tag, despite that cryptocurrency price can't be predictable, i believe that the price will go more higher than the stipulated poll digit figure. Because even since this year the price of Bitcoin never go beyond fifteen thousand (15k) as per say. Rather the price is getting more potential to resist from the infinity bearish market.

Though we may all cast vote base on assumption but the accuracy to how far the bitcoin price can go high or low is ultimately unpredictable, but if i may go by my own level of convinctions the least we could encounter with dip in orice is $17k and below $30k all through this year before a major event can take place such as halving where we can have a new all time high, bit for now i don't think bitcoin could go further beyond this low, instead there might be slightly surge in price, this is just base on my personal approach and research.

Lets poll the lowest BTC price can expect this bear market