Bitcoin Forum

I have no ideas what price will be. I dont really care much about that but while comparing last bitcoin cycle with this cycle (at least what we saw so far) I do believe bottom will happen in upcoming September.

This is start of last Bitcoin cycle in 2014                                                                                                                                         and this is what we have so far in this cycle:
https://i.redd.it/ycy7iyhk8u611.jpg https://i.redd.it/vgdk0c96au611.png


You can notice that this cycle is a bit faster. Approximately by 40%.  Placing this factor to the other data of previous bitcoin cycle I got to month of current cycle bottom and that will happen in September.  Recovery should start in April 2019. 

So basically we will have almost a year of cheap Bitcoins. Cheapest you will ever get. Do not blew this lifetime chance. It is there for whole year.


And I got this two charts here: https://www.reddit.com/r/Bitcoin/comments/8up21s/my_prediction_take_it_or_leave_it_trading_view/

Well, let's hope you are right. I think that with next big pump BTC can reach even $100k.
Now, our job is to wait carefully and to try to collect as many BTC as we can until that pump starts. Afterwards, we are going to moon   8)

Thanks for the analysis @Febo, it really looks like this bear market will still linger up to the end of the year so we better prepare for the worst. I already told myself that not to expect something big this year, as we all know that the confidence or interest of investors has change as well. So we should take this opportunity to get more bitcoins as we can because its cheap and all we do is hold and wait for that massive bull run that everyone is waiting to happen.

you know what, if you compare it with 2013-2014 enough times it may come true. that is how speculation sometimes work. it doesn't have to be true! people have to believe in it for it to come true. so if enough traders start to  believe that this trend is the same as 2014 then we will see it repeated.
it is like halving. there are good reasons for the price rise after the halving but not before. but as we can see price rises before it because people believe in certain trends.

Last cycle halving happened 9 months before price reach old ATH so $1200. This time events should happen at about same time.  Since this is 3rd halving now people are sure that is expected and will trigger price increase earlier.  So yes, Bitcoin will get to old ATH so $20000 on Jully 2020

The block halving is just one aspect. We have LN on top of that, and the most important short term development will be the potential ETF approval this year or next year.

If this ETF gets approved, then prepare for one heck of a bull run. The main difference is that with the upcoming ETF retail traders are more or less excluded due to the very steep entry point of 25BTC per share. What makes this a bullish event is that this ETF will be backed with actual coin supply. With futures you buy an empty non existing product, with this ETF there is underlying value of the asset itself. Coins are being taken out of circulation, and that's all that matters.

We need more use cases where coins are being taken out of circulation. This ETF is one and LN will be one.

my opinion after reading the above graph feels there is a fear of the future of crypto especially bitcoin, but I am a little optimistic about the future when crypto has passed the regulations made by the government in every country, while for the price issue I think no matter the rise and fall of bitcoin price it ordinary all definitely experience it do not panic keep the spirit and success for us all

My call is quite optimistic. It predict this cycle will happen 40% faster then last one, so also recovery to happen 40% faster. What if reality is that this cycle will be 40% slower than the last one? Now that would be pessimistic since bottom would happen in June 2019 and first signs of recovery in August 2020. Man that would be so depressing.





I had seen a lots of good news happening at end of 2014 and in beginning of  2015 and after each good news price of Bitcoin went down. I do believe this part of cycle is still ahead of us.

Yeah. And it has been as aspect that's been considered even as early as middle of last year, which leads me to believe much of this was priced into the December rally (and perhaps forgotten, and will play a considerable part in pushing another rally leading up to it).

But like you, I tend to believe that it's the strengthening of what already makes Bitcoin so valuable that will eventually add on to its price: LN is definitely one of those. Yes, as a scaling solution (albeit temporary one in the span of years) but also an indication that the network continues to develop as needed, in the same careful, cautious approach that has built Bitcoin's reputation as mature and robust.

If it isn't straight manipulation, it's called buy the rumor sell the news. In most cases the price increases in advance of what's going to happen. In case we know that certain things are about to happen, we can position ourselves in the market properly based on that. Last year we have had one major opportunity to do so, and this year with the consensus event. Trading against the sentiment has always been the most profitable exercise in a retail driven market.

I strongly believe LN to be Bitcoin's killer application. Great thing with LN is that even on that second layer you can run a third and fourth layer, which is insanely bullish. Scaling will be taken care of, people will be rewarded for providing liquidity to LN, everyone will be happy. We need to get rid of the speculative nonsense and make people actually need coins for other purposes.

Thats a good analysis, but you are supposing a slow recovery, like the one in 2015. However, back at the day, bitcoin did not have so many use cases as today. I think the use cases might lead to a faster recovery.

Yes that can be right because in current time the bitcoin users are are much more as compare it to previous time and still people are entering in bitcoin world, therefore i also think that we will see a rapid recovery in bitcoin price. People just need some confident and no doubt that they will start investing their money in bitcoin which will surely boost bitcoin price.

The halving is a very important supply event though, and what really matters is supply/demand. Even though everyone knows it's coming (and so people think it's priced in), I think history has shown it has a strong psychological effect.

I don't get too caught up on fundamentals anyway, because it's too hard to gauge their effects on the market (beyond "strong fundamentals, long term bullish").


You never know. It depends on the market cycle. If an ETF is approved well into a bull run, it could just be time for a blow-off top (like with the CME futures listing). ETFs can also be shorted, and I imagine inverse ETFs won't be far behind either.

Also, it's my understanding that the coins backing the Winklevoss Trust are already removed from supply (they already own them). Not totally sure about SolidX or others, but I wouldn't assume that upon approval, hundreds of thousands of BTC need to be immediately bought to back the ETF.

I agree. We already had 3 "hills and valleys" after ATH so we are in October 2014. So 10 months on left chart is 6.5 months on right chart. But I don't agree with 'bottom in September 2018'.
Bottom was in January 2015, so 13 months from ATH.
14*0.6 = 7.8
So bottom should be 8 months from ATH in December 2017. So I'm calling bottom in August and start of recovery to another ATH in February 2019 and ATH in October 2019.

I hope $5,800 is the last bottom that i was going to see this year, i don't know what to do with another bottom coming this year. It's too deep to compare the previous price of bitcoin if it's going to happen. I hope they weren't right of that speculation because i can't take to wait for more than 9 months since bitcoin was down.

I am pretty sure we will see Bitcoin lower maybe even way lower. But this gives you chance of a lifetime to buy some more Bitcoins. And this chance will be half year to year long so even if you dont have founds for it you can earn them somehow.  This is great chance everyone have and is pretty clear.

Its seriously funny to compare 2013 to 2018. Back than there was dozens of us DOZENS I say, whereas in 2018 there are millions of people not only buying and selling crypto but also started to use it as well. There is not a single chance it will resemble it on a long enough time period.

This has been said multiple times before but you had to adjust the pace by %40 just so it can even resemble 2013. The price will do what it does without looking at the months of the year.

All of your speculation are good but I really think it can not be accurate because we might have a different outcome when it comes to what may happen in the end of this year, I can clearly see the bottom back then to be at $7000 mark but on the recent hacking news it all came in a collapse that we can sure see another Bull run but Maybe? I can be wrong even if you see a speculation regarding the recent movements there still a chance to have a different outcome.

hopefully what you say is true and will be true, and I will be patient to wait for the next pump at the end of the year. will reach $30k in the next pump  ;)

I don't think that "calling bottom" is the right word to use as we still don't know if it will go down at this point. It may just be a reversal from its consolidation now. So maybe calling September as a break out point might be a more appropriate term. Because as of right now it is showing signs of bullishness as it has rallied to more than 700$ in just a little over a week. Yes a lot of people are calling this one last pump before the "big drop" but unless it happens we still need to keep our eyes open for the best plan.

It's mesmerizing to know that there's a possibility that the price will just follow what we've witnessed back in the 2013 ATH after the blow-off, however, market conditions back then weren't similar to what we have right now. There are a lot of players in the game right now that it's hard for a few manipulators to do their thing. Aside from that, regulations are also helping bitcoin accelerate the phase of adoption, so that should also be considered. If the market is to follow the previous movement, I wouldn't mind having another bottom @ September and recovery a year after that, knowing that the previous bearish cycle lasted for nearly 3 years. All in all we're still good since our new bottom is much much higher compared to where it was 5 years ago, and that sets us to higher ATH in the next bullish cycle.

That's pretty much all we can hope fo right now. Nothing's really certain at this point. Even that chart can't really give us a guarantee of what will happen though it's up to people to follow these analyses and predictions.

Good luck waiting to buy the bottom because we already reached the lowest point.  You will be waiting forever and look like an idiot. This time is different, bitcoin is more well known and widely used.  These bear markets are much shorter now.  6k is  the lowest we can go due to mining costs.

Yea thats a fair point but also in 2013, Bitcoin did make the national news and the big deal there imo was the actual deflation of the Mt.Gox event which destroyed the public image of bitcoin.  I'm not saying Bitcoin the protocol was at all impaired and everyone here knew that and might have said it but the public image is the tail which wags the dog.

The vast population of people out there who dont exactly know what Bitcoin is but use it anyway briefly or regularly even is the big weight that will drive crypto to success or back to obscurity.

It was natural for 2013/14 cycle to take longer to smooth out.   Also there is the halvening event which helped put a tail wind, if only slight in the direction of an upwards price build.    But we have 2 years to wait for that now, that part of the cycle will not coincide.   Could we benefit from something else, maybe Dollar becomes much weaker then anyone expected again the public dont really know USD $ has problems maintaining value so its an effect not yet in the price and BTC is quoted as a ratio to USD so it does matter

Probably not, we might be seeing some bullish signs at the moment but it probably will come test lower levels, maybe touch even 3xxx, though I think that's unlikely. I'm thinking it will come down to 48xx levels, no real TA behind it, just SOMA (Straight Off My Ass, copyrighted by someone). Late 2014, early 2015 nobody thought it will go lower than 250, but it went and stayed there for some time. But yeah, much has changed since then, more adoption and more "smart money", so we really can't take the past into account.

If we do refer to the last cycle which I think is really a valuable reference point to look to, then you'll see that prices actually bottomed at around February to April of 2015, which was actually around 1.5 years after the bear market had begun. Obviously, this is not something that will be replicated perfectly, but cycles should generally stay the same imo for a bull and bear market. Prices usually rise until a year or so after the halving, then the bear market kicks in for 1-2 years.

Also taking into account how big of a percentage was lost of BTC from its peak value (around 85% I believe from the 2014 bear market), I do think that there is some more dips and dumps that we'll have to go through before we bottom.

I would say that September is probably too soon, it's much more likely that this year will just continue to be extremely bearish. However, next year will most likely see prices bottom (imo, around $3-4k is likely) and the start of a recovery, but even then the markets wouldn't be as bullish as last year.

here you go, have a merit for your honesty :D
anyways in 2015 the price had reached the bottom between $200 and $250, there is always some fluctuations in the market so t here is a range of price as the bottom, mostly at $220 though. and the drop that happened was a one time short lived dump that pushed the price to $150 for a couple of hours only before it jumped back up. it was done to test the strength of the buy support by some whale and the fast jump back proved the accumulation that was happening back then.

OP, I'm not a believer in technical analysis by any means, but don't most people who actually call market bottoms do it after a market has started to recover from the bottom?  A lot of folks called the bottom of the stock market back in 2009, but it was only after the Dow had fallen below 7000 IIRC.  I don't think at this point any of us have enough info to be calling a bottom in two months.

Having said that, if it did come in September I'd be very cool with that--but there's a world of difference between hoping something happens and actually thinking or even claiming that it's going to.  And hey, if you truly believe we're going to bottom out in 9/2018, then put your money where your mouth is and load up on bitcoin...once it starts dropping again, because it kind of looks like it's already started to rebound.  Could be a dead-cat bounce, though.

Anyone who claims to know when and what a bottom is going to be is a fool. Technical analysis is not meant to guess exactly the price and date of a stock. You can only make educated predictions based on percentages and it's never going to be: Bitcoin 7345.32$ in 23 days and 4 hours.

The best way to know if it's a bottom is to indeed wait for it to form and then look for confirmation, for example a double bottom like we had followed by good bullish volume and candlesticks.

Well. Calling it 3 months ahead makes it call it first. :)   I do know it also gives me way more chances to be wrong.      I am no PRO, I dont even trade just buy and hold. All i care is to predict when next growth will start to have more fun holding.




Oh those charts are not identical. Bitcoin in 2014 was $500 and now is $5000. That is far from the same.  2018 chart is projected on 2014 chart , that is what I did.   If we would have same number of users as in 2014 we would be around 2014 price and not around 2018.

Agree with your point and the proof of graphs. I think September will be a hard time for Bitcoina as per the graphical representation each year and there is a very low price expected around that month it seems. But, post September there is a huge price rise going to happen and it can be 500% higher like $50000 or more than that as per my own prediction.

It is so hard to say for me, because I can't see the full cycle of 2014 repeating. The circumstances are way different now. The userbase is significantly higher, and more governments and regulators are eyeing this market than ever before. Regulation is a good thing, it will help with Bitcoins legitimacy as an asset. I think we may have already bottomed as we have bounced off of $58xx - $6000 three times now... At least that's what I hope  :D

In the records of the past two years it shows similar activity by 2016-2017 so we are eurrently suggesting people to invest now before it's too late. If you're gonna trade then why put it all on btc since your risking it why not risk big after all bitcoin has a potential and has a solid standing throughout the web.

Not really. Considering how much the crypto space has changed, looking at the past is not necessarily a good idea. This whole market is too new and still growing, everything is still quite unpredictable. So far the bulls have shown some strength short term, it doesn't mean the bottom is 100% set but it looks more likely now than before.

We had 5 bitcoin cycles so far. I dont believe that now from a sudden that will end. I am positive we will have at last two more Bitcoin cycles. How strong and how long will be we can learn from past. But again we can only guess and cant be sure. We can just predict some events with higher possibility then others.

Great analysis, while I do not have great trading skills I noticed something similar, after the previous crash it took us a lot of time to recover but I have been noticing that this cycle is moving faster this is why I do not understand those that are complaining all the time about the price for two reasons, first that the price is not going to be down for as long as in the past and second because this means we have a lot of time to get as many bitcoins as we want for a very low price.

That is a quite recognisable bottom when it goes to that spike down but its just like ritcher scale movement not really a sustained move.    At some point traders or whoever moves a large amount, it could be a collective recognition also, they see that low as a rejection and it becomes a buying point.    Same kind of deal to a spike up but it falters quickly, that becomes a trade short for some

To be honest, i dont think that the price will go lower than what we have already achieved during the last few weeks, so i think that it all will remain just like this (going up at some times) but it all will depend on the FUD and HYPE that is on the market

Cheers for the merit mate!

Is it copyrighted by you? So I can use the name in the future, as I'm probably going to use that phrase again.

I remember the 2015 dip, was watching it live on my phone (I think it went to $144 in bitstamp) and telling some friends that it was a really good time to buy, only one of many listened unfortunately. Let's hope I'll see a big dip this time too and can buy some cheap coinz :) I'm gambling a bit atm, keeping my fiat ready to buy some in the 3xxx area.

Buying at bottom or selling at ATH is like winning jackpot. You, me and no one else on this forum won any jackpots so far.  It is waste of time to fell bad that you did not sold at ATH or buy at bottom. You will just worry for nothing.

I think that we hitted the bottom during the last month when there was a flash dip and the price touched less than $5600 (correct me if i am wrong) but this was the bottom for me, i dont think that we are going to go deeper  than that

Oh, don't worry, I won't feel bad if I can't sell the peak or buy the dip, if my prediction fails I just spend the fiat for more expensive coins, that's all. So I'm not worrying at all, I just have a gambler spirit and I like to test my own theories out, trying to be subtle makes things more interesting. Being too balanced is boring. And boring is just, boring.

That of course can be possible, but I give little chances to that. If you just look the opinion on this forum and see people still calling 20k Bitcoin til end of the year you see we are far from the despair that happen around bottom.

Bitcoin price is hard to predict and all scenarios are possible, from very high to very low but to my opinion September shouldn't be so critical for bitcoin.
No matter that some are saying to my opinion bitcoin price will not go under 5500$ but I don't expect some biger rise copmared to current situation either.

What cycles? Going up and down is not exclusive to bitcoin, all the markets have up and down cycles. As I said, looking at the past isn't always great in the crypto market, a few months can be useful though. Right now bitcoin looks weaker again but I think it's going to set a higher low daily and then perhaps a lower high and a break from there, as I said the bottom might be lower than 5750$

The Bitcoin cycles. Reaching ATH and then Bottom and again ATH and bottom. Is quite simple, those were 2 cycles.  I would get to bored now to go search for dates of this cycles. But there were 4. Or even more if you count the ones before 2011. Now we are in 5th....

I hope that you are right. It is almost end of the year now and we expect bitcoin's value to go high the same as last year but as they say nobody knows what the future will be.

I guess no one in this forum can really tell the actual thing that will happen with bitcoin. We can make the track of bitcoin in the past few years as a basis of what will happen this year, but it doesn't necessarily mean that it will be the same. The bitcoin will recover from the crash that happened for sure. Hoping by the end of this year, so it is the best time to buy more.

It will be interesting to see what the next bull run will look like, especially because of how likely it is that institutional investors will be fomo'ing with the retail market. It could turn out to be the biggest bull run we have ever seen.

We could potentially see another bull run this year with an ETF approval, and somehow I'm sure that it's not a matter of will an ETF ever get approved, but a matter of will it happen this or next year.

And that's just the first ETF. Eventually there is room for dozens of them, all competing with each other for volume. Bitcoin's spot market will become less relevant just like how that is with gold and other assets.

BitMEX for example already accounts for like 25-50% of Bitcoin's trading volume.

So the recovery will start on the next year on April ? Uh, I don't like that, that such a long time to wait. I hope the price of bitcoin can really move up in the rest of the month in this year, at least back to $10k per bitcoin again in this year.

In 2015 the market cap was too low and mostly people didn’t trust bitcoin because it was new for them. But now the situation is different and people are aware of cryptocurrency and the importance of bitcoin. It is a fact that whales affect bitcoin price but still people want to buy more and more and when the market capital increases the price automatically increases.

Thanks for sharing on this
And as what people tend to said it all time
"Trend always repeats based on the history"
Even not a 100% duplicate of chart but there's some psychology factor there

Theres where we see people predict Bitcoin to go over beyond $30,000, up to $60,000 and more

It's unlikely, but not impossible.

Walls? Buy walls? Whatever it is that you are referring to, other than the few potential support levels that you can look at, and hope that they will actually turn out to be that, there is nothing that will keep the price above $5000 if the market really goes for it. I personally don't think it will dip under $5000 but we can't take anything for granted in this market.

Demand on exchanges has only been decreasing, while the real demand (capital), is flowing into this market through the OTC channels. Unfortunately for people, OTC demand doesn't reflect the price on the regular exchange market, unless the OTC market dries up completely and the demand shifts back to exchanges.

I wouldn't believe in that history because its different from this years.

If we based on a faster movement because it is a short faster movements in downtrend and by August there is a pump and in September probably he's right its another downtrend and searching for much lower bottom.

It is true we see this pattern in bitcoins,but i kind of think it will not have a repeat this year, a lot of factors have changed considerably over the course of time.We are seeing bitcoin moving closely into government regulations and the likes.I am sure we will be bullish soon

It is incorrect to compare 2014 and 2018. Now the market is a completely different situation. In 2014, bitcoin was not in the hands of large capital. The big money was just coming in in bitcoin. There was no total control over the use of cryptocurrencies. Many people believed that bitcoin can become an Autonomous currency. But now these moods are fading and the capital is leaving bitcoin.

I believe that the market price will start to pump up again because the market price last year is still down to $3k dollars when it was september and it was just starting to pump up at that time so we can expect a higher price before the year ends.

I believe the strength of bull market is influenced of how long cycle of recovery were. So if we will have 40% faster cycle then next bull market will not be as strong as 2017 bull market was that was quite strong since price exceed previous ATH for more then 16 times.  But yes, this is not only factor. But i still believe that x16 over past ATH price increase will not happen.


Yes the price now is $5000 and back then was $500. That is huge difference. But that dont change that Bitcoin moves in cycles as it already did 5 times.

Yeah you are right. There is no sign for so much dip in the price in the coming months. Now the price is on the way upwards and we will see little or no dip in the price anymore. I am saying this in the light of previous predictions which were all become wrong and the facts were different than that. There will be some corrections at different stages but overall the price will grow.

All are speculation and this will somehow trigger to a good price if people will start buying bitcoin. Although this year has many bad news about cryptocurrency that cause a massive selling on some regions but I'm still optimistic that we can have another good rally for this year.

Good rally? I think so as well. Getting to all time high levels? Probably not. Though personally i think we've already reached the bottom and from here on it'll be a slow moving market until the bulls return

I think we should be careful about what the professionals traders are saying here as most time I do ignore they speculations and their do come to pass.  The bear is going to dominate the major part of this year 2018 and we should invest along as this opportunity may not happen again till 2023.

I think that we are not going to see those numbers on September, i think that we already reached the bottom and there is no way in that the price can go lower than what we are seeing at the moment, so better to relax now and wait to see what happens

We should discard all these idiots entirely with their empty predictions. If they were that professional they would keept their mouth shut and do their thing without whoring for attention in the media. In the end, you, me, these professional bobos, the girl next door with her 5 dogs, are all on the same level in terms of what we think will happen with the market in the short term; we don't know it.

Don't time the short term market. Don't trade it. Don't think someone else knows more than you so he must be right. Use your brains for once. HODL that shit, don't put it to waste.

Maybe the bottom will occur on september but remember that the market prices last year is also dumping due to some issues in china but bitcoins still managed to reach $19k dollars before the year ends.

Already bearish market is continue in crypto market. So we do not worried about any situation because whatever happen in the market this will raise gradually on future. So we should buy continuously automatically Bitcoin will going to moon. I hope August we should expect some positive results and september it will going to peak.

We cant say that the bottom is on september because people can still sell their coins depending on the speculations or news that is being released by the media's and that is the reason you should only invest on a coin that you can hold for a very long time

That's a normal cycle for new assets that started trading recently. It's not exclusive to bitcoin, just because it happened 5 times or even 20 it doesn't mean it's going to happen again, in fact in this case, the more it happened the less chances to happen again because logically there is going to be a overall ATH set which will not be broken ever.

Yes it is possible that it will eventually be an unbreakable ATH in Gold, not in USD. USD will be worth less and less ( same as now) until it will chase to exist.  But I said eventually. I dont expect this unbreakable ATH will happen that soon. Definitely not before 2040. To predict 20 years in advance I dont have proper skills. :)

I will talk about the current market situations and not about the future because predictions are not accurate as we have observed many times in the past that actual value differed from predictive value so this difference is due to changes take place in market factors.

The price may go at the bottom in future and may not depend upon demand rate at that time so we can not say anything accurately.

Current question is. Did we hit bottom yet or not. That is a current question that of course influence our future. I made my call.  As it seems Jully will be a positive month. August and September will be negative.

Yes we can say that september is the bottom because the market price of bitcoins starts to pump at december which is before the year ends so hold your coins today.

There is no assurance that it will be the bottom of cryptocurrency dumping this september because any fud or fake news can changes the minds of investors from investing to selling so there is no accurate prediction.

Yeah I agree with you, we have already reached to bottom. From here I think the move will be upwards and the coming situation of the market is indicating green signals. It is good for new entries in this world. No doubt the current situation of the market is very bad but I am also optimistic about the bright future of bitcoin. Wait for little longer.

I read calls that bottom was reach on 24th June and calls that bottom will not be reach on June 2019. All could be right until will be proven wrong.  Even once bottom happen we cant really be sure it is nto still to happen before growth start and growth should start at least half year after bottom.

Year 2018 is not good for bitcoin so far. many people speculate the finishing line of this year will be like the previous one but I think there will no more pumps and dumps in the price and now the growth will be normal and according to the market cap. When more and more people will invest in bitcoin the price will automatically increase due to high demand.

People have already invested a lot of money in bitcoin and hopefully they will continue and increase their investment in bitcoin, but the most important is that government should now legalize bitcoin in their countries which will surly increase the bitcoin value too much.

Eventually governments will start buying Bitcoin not just regulate it. Just like they are buying Gold. Not all, only some does

Two months latter still looks quite alright. September is close.

2014
https://i.gyazo.com/984e28353efd9795956651881ff7aaa1.png


2018
https://i.gyazo.com/e46fae8acc1b16f2bbafb5774a1ac908.png

Agree with you seeing prices not falling below $6k, I think we have reached the bottom line this year, and we will see prices rising
slowly, you see prices are more green these days and prices have reached $6700 today, I hope this situation will continue and better

I think the price of cryptocurrency can all happen and it could be that the price of bitcoin in September experienced a price increase like last year because no one will know where the price of bitcoin is.

I price will go under $5800 we will know it hit bottom. But yes, we will not be sure at that time if that is the real bottom of the Bitcoin cycle or there will be another latter on. So all we will have to do is to wait for the bull market half year latter to confirm that bottom had happened. Eventually we will know. Same as we know right now that bottom of last Bitcoin cycle happened in January 2015.

Well i'm quite positive that we've already bottomed out or at least the bottom this year would be close to 5.8 or 5.9k and not lower. Last year's amazing run i think started a slowly in sept so it could be thr other way around.

   Bottom has been called many times, but crypto-market has it`s own mind. I believe that we already seen a bottom like Gabmen says. We had amazing last year,
this year we have a little break, but I didn`t lost confidence in one or more amazing years ahead of us.
   New bottom in September means that price can drop 20% or more. That can happen, as we all know with Bitcoin price anything can happen. But as winter is
coming I`m confident in grow. Last year prices started to rise after August, and this year we can have similar situation. What ever happens I`m holding, if it
drop more I will buy at that new bottom.

Maybe this is a good idea. By the end of September it may be bottom. Then stabilize and push strongly on the upcoming holidays. Could it be Christmas? That's my guess. Hope it increases so that the community is excited to participate.

You shouldn't forget that we in 2017 went up from below $800 all the way to the $19,500 mark (Asia even $25,000). Regardless of how much adoption we gained due to that bull run, the market right now is extremely thin.

Don't you think about where the price would be at today without all this useless ETF speculation? It increases people's hopes for another leg up and makes them hodl on to their coins for a longer while.

I'm quite certain that without looming ETFs the $6000 support base level would have been broken already, and not just marginally. There is plenty of speculative air that might still look for a way out this or next year.

Everytime the price go up, it stalls below the previous rise, then start to fall again. This means theres more selling pressure than buying pressure, and this pressure is trying to break the $6000 wall. We had some ten or more bottons on $6000 this year, but speculators keep trying to break it. The manipulation is very heavy, and thats why TA wont work anymore here.

If this wall is breached, it stays on 5700-6000 range, then it go up again. The big speculators are trying to force a capitulation. Some people might capitulate because they are not on long term (even when they declare themselves as "holders") and keep checking prices everyday, hoping for a reversal. The more they hope, the more they despair. A word of advice, try not to check the price everyday, and dont put all your hard-earned money into crypto.

actually this moment is a very good moment to buy as much bitcoin and cryptocurrency as you can because the current price of bitcoin is falling and very cheap.

Hopefully this will not happen because if the price of bitcoin in December falls again, it is certain that there will be a lot of losses, hopefully the price can experience a price increase because the pattern should be able to increase prices.

September is finally here. Lets hope we will be done with this issue now. Maybe might jump into October. Lets hope I was not wrong and bottom happens latter.  September to remember.