Bitcoin Forum

Here is my latest blog post on crypto stuff

BITCOIN GOING BOTTOM IN FEBRUARY ?!

https://www.youtube.com/watch?v=Nz6AhVag6gU

The big question is repeating everywhere, when are we going to touch the bottom , is it going to be this month or another delay upon us is about to happen ? Today we are trying to solve this questions and come up with some solutions on Bitcoin and crypto space.

Scrembo

Why are you so optimistic that Bitcoin will drop until the bottom? Are you not in happy if Bitcoin will again reach or surpass it's ATH? Instead of encouraging new investors, it seems like your are confusing them and making them fear to put their money on cryptocurrencies.

This is the problem with speculation. One just sits there and starts imagining a scenario that he can create which he thinks can lead to the drop of BTC and boom, hits youtube and blogging sites claiming how BTC is going to drop in the next coming month all in the name of trying to boost website traffic and views.

I like the way you analyzed the price behaviour on your own. Your analyzation was well detailed.

However.....

Will not go technical since we will just have a different views because we have our own set of reference. With the bear market that dominated almost the entire year of 2018 and still in-effect by now, I really don't consider any charting analyzations "for now" when setting up any speculative statements. Lots of professional analyzations were being spoiled, wrecked and crashed last year even how properly backed it up. That's how powerful the sudden trend is and it's telling us how really difficult to predict a future price behaviour. A bullish or bearish trend can even happen in a bit without any signs.

What are your reasons for predicting that the price of the bitcoin will reach bottom in February,at this stage we cannot keep making speculative prices on the bitcoin.Despite your analysis it cannot be said to be factual as absolutely anything is possible.
We could either get a pump or a dump cone February

I dont think so the price of Bitcoin will keep drop to below $3000, from my personal technical analysis we are already in the bottomed and currently the price side away for more a few month. After March the price will start to up trend to the $6000 level, and then in Q3 the price will going up above $10k.

lets go back after this month is over and watch again his video
will he be hitting substantial points in his vlog?

Fundamental thing will trigger price of Bitcoin reversal so I don't see the price will more drop to new level low. Bitcoin already oversold and ready to reversal turn in to bullish.

So it will not be absolute predictions of this, each person has a different perception of the "bottom" and also depends on the price when you compare it.
Let's assume tommorrow is the bottom price and after that all market in crypto, especially the top 10 of CMC all goes up,then what will you do ?

Coming up with solutions? I doubt that we can have a solution to this prolong bear market as we don't have control over it.

As for the bottom, I for one believed that we have touch it already around the $3100-$3200 levels. There's no more pressure to sell and the bears are at near exhaustion. What we all need is that the one catalyst that will break this bear season, and it may come this February.

I'm sure this is just a click bait title so I won't succumb to this kind of tactic. I'm sure based on the replies of most members, majority thinks that we have touch the bottom already and it will just be a matter of time to see the market make a U-turn. So I will echo most of the sentiments here, I don't think that we will see any lows this month but not that much gain as well. We will see the price going on the $3000-$4000 range, but it's good indication though that there will be no more selling at this point. And could make a slow break-out run next month.

starting with the hope that this is not necessarily the case, why do people want BTC prices to drop dramatically, maybe they want to buy cheaply, but remember that the price increase from BTC is not short, from 1 USD to 2000 USD and requires several years

I don't believe in most of this technical analysis based on the fact bitcoin defies TA and the price rubbishes all the TAs of most experienced traders in most times including your own TA.
 I wouldn't be surprise to see btc turn around after the Chinese annual festival of course the bearish runs is long overdue however the imminent bulls run will be triggered by any upcoming positive fundamentals.

The truth is no one knows and the people that make videos and articles about crypto are just trying to bring in viewers.  They say outrageous predictions to get more famous just like John Mcafee, that guy loves attention.

I don't think we will ever see bitcoin under 3k again unless something catastrophic happens like an inflation bug.

I am surprised that you can state Bitcoin will going to bottom rate on February. Since there are many predictions fail to specify the time for bottomed price of Bitcoin, then you say that with confidence. Well, you count it mathematically with certain approach related to up and down history. But I am not sure if it will go below $3,000, for me the bottom is $3,000.