Bitcoin Forum

That is the question.  I'm thinking we are near the bottom.  About $30,000 has been support for awhile.  A lot of bad news has come out and while there can be surprises, I think the bad news is out for this cycle.  Probably the good news will start to come out e.g. the USA approving an ETF.

Well in my opinion, I think the price of bitcoin will be around $40k in the max. But I really hope the price will come back to its ATH $60k. It will be make sense to get back to the ATH price or higher than that because we'll never know how the market will works and surprise us. I know the current situation isn't really good because a lot of bad news, but i still believe in the end of this year BTC can reach new ATH.

The last support we had is like $28,000. But currently we are sitting at $29,xxx, I'm thinking is that maybe because of the bitcoin future expirations, which happen around the 3rd-4th week of every month. Now as for the end of the year price, I'm still very bullish that we might hit a new all time high or I will not be surprised to see the price hitting 6 digits.

I think this post should be in the Speculation board.

So where do you think is the bottom? I've read analysis that suggested $30K was already the bottom but it's already broken twice. The worse case scenario I thought was $25K but I wouldn't be surprised now if it dips below that level.

Anyway, I voted for $50K-$75K and that's my conservative guess. We'll probably have two more months of consolidation before hitting $40K again and to a new ATH.

I agree.

With an ATH of $64,000 which was only reached just 3 months ago, I am likewise thinking we are near the bottom. I am merely speculating, but from $64,000 all the way to $29,000 in just a matter of 90 days, we must be near the bottom or else there might be worse days ahead, and it might take beyond 2021 for the price to recover even the ATH.

But I am still positive. I don't agree that there's a lot of bad news around. I'm seeing more good news than bad. And since we are still in the first month of the second half, a lot of things could happen. Bitcoin could still reach a new ATH by December.

We haven't had any bad news for a very long time. However we have had a lot of FUD over the past 2 months mostly involving lies about energy consumption and the oldest FUD in the book about China and banning bitcoin!

That is not good news.

The price of Bitcoin is always unpredictable because of that it is difficult to tell what Bitcoin price will be by the end of 2021, but if I must predict then it will go for $50k-$70k price by December 2021.

Probably yes, and I hope we actually see some good news to change the price direction to the upside. Bitcoin has been trading in that parallel channel of between $29k - $36k+ in about a month now
https://i.imgur.com/iaM4Vvs.jpg
 I too believe that this might likely be the bottom area or even if there is going to be some drop, not much and hopping on an upside to around that $50K - $70k as well by EOY.

Feels like such a long time this one month,,, to be honest I even felt like it was much longer, and what is strange for me is that this most stable price period (in a manner of relative speaking) is somehow not the most liked. People like to say they do not use BTC because of extreme volatility but few more people seemed to use it even when in this trading range:)

I hope this is the bottom too,,,

Bottom is near ~$10K set your clocks and
watch BTC is going down like a sinking ship, nice and slow with a bob up here and there to keep the suckers hodling.