Bitcoin Forum

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

Personally I'm about 80% confident the bottom is in (https://bitcointalk.org/index.php?topic=5407374.0[/url), based on comparisons to 2015 and 2019 (https://bitcointalk.org/index.php?topic=5407374.msg60617271#msg60617271) of when a bottom is formed. I doubt I'll feel more than 80% confident until a significant macro higher low is formed, maybe sometime end of the year or next year, or otherwise a new ATH is made. Still waiting for network growth to return in order for price to move higher though, even though it's irrelevant to the bottom being in.

Maybe, maybe not. It's not really my job to guess what the bottom is. I just keep stacking(via dollar-cost averaging) because I know I'm totally incapable of timing markets. :P

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EDIT: just a heads up that this thread was originally in the Bitcoin Discussion section

No one can know for sure. This could very well be a dead cat jump. Maybe the real crash hasn't happened yet. That's what Michael Burry (The Big Bear) says at least. Either way it is always the same. Up, down, sideways.

Some claim they've seen it going backwards too but I've never experienced it. I think it is ridiculous. How the fuck markets could go backwards? It is against the physics.

With the evidence we have so far, we can say that there is a high chance that the bottom is already in and it was the $17.5k price that was momentarily touched in June.

So far there has been about 5 attempts to push the price lower and they have all failed which is another good indication.

Price also tries going back up and fails but each time sets a higher low which is another positive indicator.

If you are a long term holder, bitcoin bottom should not be much lesser than $17500 and it may not even fall below, just like what happened in 2018 when the price fall below $3200, after the fall, there were series of bull and bear markets but bitcoin price never fall below $3200 again but reached all-time-high of over $60000, but it was a long time before the all-time-high. If you hold for 2 years from this time, expect maximum profit. It is wise and brave to just hold for long.

Are you ready to welcome the next bull market with the game you mean?
Because if you think of it as a game, then you should also be ready to play your part in the market in order to make a profit. I think it's about how brave someone is in taking risks when the market conditions change like now, because looking for profits in the next bull condition can't just sit back and watch the market.

Can you explain what do you mean by "game changing"? A bull run that will be so big that it will change the nature of Bitcoin? Seriously?
If you ask me, the next bull market is going to be....a bull market and nothing else. I'm 99% sure that the next bull market is going to be followed by price corrections, bear markets and all that stuff. This is the true volatile nature of Bitcoin and it will never change.
The price will keep going up and down. Maybe the future cycles are going to be bigger than that the old cycles, in terms of price levels and market cap. We might be witnessing a 100K price or more in the next years. OR maybe Bitcoin will stay in the 20K-60K price range forever and the 2021 ATH was the absolute price peak. Who knows?

My personal opinion's not been worth much lately (come to price gauging anyway) but I don't think the bottom's in yet. Doesn't mean I think the rest of the time until the bottom will be torrid. Just think there should be some wild crash, macro Black market day across the board, to take BTC down to a severe low, before recovering.

As someone mentioned above though, inconsequential to what really will be required for a higher drive up.

In the last 2 weeks, there have been a number of very good signals coming from the market.

Nevertheless, for me, it was more of a short-term rally and the euphoria caused by the ETH merge is spreading, which is causing a short-term rally. Bitcoin hasn't really bottomed yet and I predict that the price of bitcoin will bottom out sometime in the year 2023.

I’m hopeful but not convinced that the bottom is in. During the 2018-19 bear market we sat at $6,000 for what felt like a long time before we got rugged & dumped to $3,xxx. In 2019 we went to $13,xxx or something. I remember definitely thinking the bottom was in then before we dumped.

We could easily go to $12,000 or something before the next bull cycle starts after the halving.

I’m covered either way, can’t lie it’d be nice to grab a load of bitcoin low but if not whatever, let’s moon :)

Yes. The fact that there is optimism now and tons of indicators saying the bottom is in, I'm confident it's in.
Yes there will be some corrections but nothing will be lower than 17.5k.

If you are waiting for cheap coins I'm afraid this will have to do...

we are already at the bottom, but we also don't know when the bottom will actually end,
if according to analysis, the Bitcoin price is indeed bottom at $17k, and has been reached in June,
and now the price is moving up above $22k, Of course, if you can stay above $20k, then the bulls will continue.

Seriously I don't know that we are into the bullish market of cryptocurrency right now but I believe that the beer market is getting over the way I'm seeing the chat and the level of cryptocurrency or being going up every time and every day but the spot that the price we are targeting is not what we are seeing this time around. so I hope all that the price of cryptocurrency is clamping up gradually and with what I'm seeing right now it's not all about gambling any longer but it is a good time to run investment through cryptocurrency because of the little appreciation bitcoin is getting

I also think in a similar way, because regardless of what happened in the past, we must take into account what did not exist then, namely inflation, war and a possible recession. All this will probably affect the extended bear market, and possibly a new bottom, regardless of the fact that many think that we have completely got away with it.

Inflation hit the middle class and the poor the most, because prices really went wild and some food products are even 100% more expensive, not to mention the price of fuel, electricity, gas or electricity. I think that the average person today has nothing or very little left after paying all the expenses, and therefore cannot invest in anything including Bitcoin.

We need more time to make such conclusions. We still see the market isn't moving high, prices went up and down, I'd see no big difference in the past few weeks as the market still behaving the same. If we are at the bottom already, then that's it? I already bought some Bitcoin and currently holding it waiting for the next halving. I have no worries nor do I think drops can be impossible as surely it comes, at least I was already prepared for the incoming.

But I guess we're done at the bottom and we are now moving back high again, slowly.

It may have entered the bottom of the market and now the price is looking for a position to start rising and get another rally. We can only guess without knowing whether the price is already at the bottom or will fall again. But the current price has relieved some people because they can start to make a profit even though it is not big. In addition, they can also try to find other benefits with price fluctuations that keep changing up and down. So they can buy low and sell high.

Although this month the crypto market seems to be in the green, it's hard to say a Bull Run will happen anytime soon. If we look at the current market conditions, there are no signs that a bull run will occur because the bitcoin price is only in the $23k-$24k area and it is still difficult to break above $27k.

If the bottom was $17k, It is clear that the bottom ended already.
Something we still don't know when it ends is the bearish period. Although the bearish season is very possible to end in 2024 (BTC halving on May 2024), it can end sooner or later for some reasons. IMHO, there is no certainty in crypto world and there is no guarantee that the history will repeat. So, always be wise to use our funds, even the current Bitcoin price is already around $23k - $24k, it is still possible to drop again below $20k.

I agree with you. There's a small chance, maybe that 20% you're talking about, that we hit 6k of 2018 by being at 23k and a crash to 3k which would be something like 12k-15k range. To be honest this ranges are pretty similar if we look at what the price is doing, but also very different because we did not go to 4k then back to 6k and again to 3k, like this year when we hit a low and returned back to the 200 week average.

To be honest this year looks very unnatural on the charts like the selling pressure is too high, the highest ever in history actually. You can see that it's a manipulated crash made by all those dumps of Tera and Tesla et al.

The Tesla sale wasnt even a significant event, he had to swap the BTC out to balance his books and stay cashflow positive in the eyes of Tesla shareholders; Musk looks better for selling BTC but its a decision thats nothing to do with crypto just his lacking in results elsewhere.   Musk bought coins didnt need them didnt do anything with them even spend them and puts it back on the market, big noise no news.
   Price for now in all its back and forth has crossed back above the 200 week average.  Its nothing big day to day but its the action we wanted to see really, it'll take a long while for the cement to dry on this.

It did make some noise, but after that, the market didn't move negatively, maybe we are expecting it or investors are done with the Elon Musk news, trying to manipulate the market price.

Yes, we have crossed the 200 weekly average and that it goes, we almost tap $25k in the last 48 hours, then went down a bit, but bounce back to $24k. The CPI announcement was really significant news as this might be a sign of bullishness in the coming weeks.

For me, I can say the $20,000 is the bottom for this cycle, either we visit it again or we did already. Why $20,000? Because from the previous bull run, the top was $20,000 so it was the resistance, and now it is acting as support. I'm very positive with it, like every drop from the current price, the $20,000 support will be tested everytime.

bottom is IN? why not post this when the price reach 17k ? now that the price is at 24-25k you are pointing about Bottoming ?

I think this isn't the bottom instead this is the start of the bull market .

it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .

I think a great deal of the forum members will like for that to be the case, however while the bottom is important for a great deal of people what we do not know is how long this crypto winter is going to be? Because the last one we had to go through was incredibly long, not only the price went down to very low levels it remained there for a significant amount of time. Even if the price does not go down to the point we reach a new bottom a lot of people can still panic and sell their coins for a loss as they get desperate because the market doesn't move upwards, now that is not really a problem for the people that have experimented a bear market before, but for all of those that have yet to go through such an experience the next months or years will be incredibly challenging.

We can only look at the previous history and can speculate how long this bear market will last. The same thing that we can speculate that maybe the bottom is in already.

This is good thing with crypto though, the data is fairly young, but so far we can extrapolate and predict what will be the next pattern. And now the previous all time high of 2017 is now our support lines, along the line of $20k, so this could be another indication that the bottom might be in for now or at least for this year.

Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.

I think quite obviously, unless you have a crystal ball how would you know $17.5K would be the bottom? Sure it's possible to see how this level could act as support, based on volume data from late 2020, as it was the only relevant trading range between $12K and $30K. Therefore calling the bottom should only really be done once price has confirmed strong support, regardless of whether that's 20% or 40% higher. As I referenced previously (https://bitcointalk.org/index.php?topic=5407374.msg60617271#msg60617271), if you were looking for certain confirmation of a bottom in 2015 or 2019, then these would arrive anywhere up to 100% up from the low, as well as take several months to confirm. Now it's been around 2 months and price has increased 40% from the low, it's about the right time to consider it, not before.


Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.

$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.

I'm hopeful that it is, we haven't seen any big dumps after getting past $20k and even though it's slow, we're seeing a gradual increase in the price. I might wait till at least it goes past $30, $35k though before actually putting past it crashing back down the gutter. We might end the year at around $40k. After that, it's just a waiting game again to see if it drops back down or continues its gradual increase. Not expecting any big pumps though.

I think Bitcoin's bottom is at $17k, because in June the bitcoin price dropped to $17k and can survive,
of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.

There's still a down moment few days later after that announcement but it wasn't really huge as before. Now the price rarely declines but it's only showing an increase. We don't know what will be the future movement of the price but most of us are always optimistic and wants to see a positive movement. In terms of Elon, yes the people are done with him. It started when the doge coin decline too much.

Let us hope that Elon won't comeback again in crypto so that no disruption can take place. We didn't lose 25k but that's only how this market works, that after an increase there will be a decrease and then it will jump again at a better price.

We cant say nor finalize things up considering on the upcoming things to happen.

Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms
https://www.bloomberg.com/news/articles/2022-07-07/mt-gox-creditors-inch-closer-to-repayment-as-bitcoin-dump-looms

Lets wait for this one and after the dump that would happen then this is where we can really say on where a possible bottom
could be seen. So lets just prepared and anticipate for things to happen.

the bottom for bitcoin seems to be still very deep, I myself also can't be sure $17k is a bottom,
everything will be seen this month, if bitcoin can breakout from $30k then $17k is a bottom.

That is your opinion but at least you should bring some fancy proofs or idea how this will be happening because if that is only according to your Crystal ball then no one will seriously  believe that claim.

and besides we cannot just portray the price according to our belief, market will act depend on how we treat it and how we invest on it.

I agree that $30k is a very important resistance, if you are certain it will, and $50k for year-end.
We are about 600 days away from the next halving which means it will happen by the end of 2024, many are predicting that we will see a new ATH after the halving. So my question is if bitcoin hits $50k by the end of the year or maybe Q1 2023, will bitcoin hit a new ATH before the halving happens?

It's possible for a new ATH before/during halving, but not if Bitcoin reaches $50K this year, that would be non-consequential. I see this cycle as being 6 months earlier than previous ones. Ie a cycle top in April/May (https://bitcointalk.org/index.php?topic=5406719.msg60598863#msg60598863) as opposed to November/Devember, with a low now formed in June, as opposed to December/January time. It will take until the end of the year for this theory to confirm, but seems accurate so far.

As I said, if prices reaches $50K this year, I'd expect a higher low around 3-6 months later, probably around $25K to $30K levels, where the 200 WMA will be priced by then.

No idea when the Bottom is, and to be honest it doesn’t matter also.
In case of Bitcoins, whenever possible buy as many Bitcoins as you can. If you wait for bottom of the price, then definitely you will miss the golden opportunity.
Bitcoins are now completely for long term investment. So if you are able to buy it below 30k usd price, consider yourself as lucky. Buy the Bitcoins and hold for 3-4 months. Definitely you will get twice profit of your invested amount.

if this happens it will be a nightmare again, even though Bitcoin is currently trying to survive the strong support at $24k,
and indeed the bullish sentiment is still strong, so hopefully the Bitcoin price doesn't drop from here,
because if $22k breaks, then maybe $17k becomes strong support again,
and if it breaks again then we will see the nightmare

The biggest test this month will be what happens to Bitcoin when the MtGox coins are finally distributed. I think this is the reason why ETH is stronger than BTC because many are worried about the large supply hitting the market and causing Bitcoin to head lower.

So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.

I don't think anyone will know at what price the Bottom is at, but for now we can assume that $17k is a bottom,
because the price jumped from there and managed to break through $20k again, where we know $20k is strong resistance,
and if we hold on at the level of $23k it is certain that September or Q4 will be bullish for cryptocurrencies

I have no worry about Mt.Gox because its a long term well known event.   Perhaps some surprise prior years as to the amount recovered to distribute but now its well signaled and in theory its in the price.   Buy the rumor sell the news or here with additional supply, possibly its vice versa.
   September is a storm for markets possibly maybe buts its a wider deal in every asset seasonal somehow; markets regularly do this but not always, higher volume autumn then now for sure imo

I noticed that there are still a number of people who won't call what's happening right now as a bull market. There are still those who don't think Bitcoin has already bottomed. In fact, there was a recent social media poll asking whether or not Bitcoin's price would still go below $20,000 and the majority answered that it will. I don't know what they've seen on the charts but at this point I think the bottom is already in. Especially if we cross $25,000, I don't think we still have yet to reach bottom.

Yes we all ask for speculation because there is none of us that can completely understand and find the perfect answer.

but I may agree with you that 17$ maybe the lowest it can fall this year alone.

I also agreed in this one as we finally stays are 25k$ now and looking at it? there are
q4 mostly a bullish quarter but the only matter is that would it be bullying above the ATH? or will at least make it to 50k again?

142,000 bitcoins is the number that Mt.gox will distribute to the market. But there is no information yet, all victims will get that compensation once or split periodically, and everyone is entitled to get it back through cash or cryptocurrency, not all get it back in bitcoins.

Everyone has been waiting for compensation all these years so they have seen bitcoin hit record levels, maybe some will sell and some will continue to hold, so I don't think this is the big event affecting bitcoin this month.

am not sure if we already reached the bottom from that 17 thousand dollars last month and since we are now standing to 25 thousand dollars yeah there are some beliefs that we already reached that bottom.

but remember that Bear always follow bull , and yeah sometimes also it has been used by manipulators to bump the market for a while then starts dumping again.

Everyone has different opinions and speculations with the lowest bitcoin price and the lowest point, you believe that now Bitcoin can be bought, for me it's not yet time, a deeper continuation will start soon, you'll see in late September this year.

Beliefs may be different, the purpose of trading and investment.

I think $27k is not looking to come anytime soon but probably around the end of the when volatility for the December festivities will approach but for now, we could be seeing this kind of shaky movement around the $23k and $24k without a strong pull of volatility. I will say the uncertain times is up for bitcoin where we all can speculate because no direction is established yet.

Well, it is still left uncertain. The market seems moving high this time but this might be changed in the last quarter of this year. I couldn't assume but I believe that the market will keep this bearing situation until the end of this year. No big rallies will come out nor hypes to popup. But yes, we can't anticipate how these whales acted in this current condition. Or we fall into their trap set up by whales through some sort of price pumps and social media participation.

We still not sure what can happen in the last quarter, it may stay at dip or start to rebump but we must know when to wait or allot some time. War, pandemic  and even recession are still happening. It’s already a good thing that the market still able to have some high but recovery is not gonna be fast as we wanted but taking this time to buy while the price still consider low is a good way to have some points before the price recover again.

Usually a dump happens and another will come which I think we already experienced this year. That should be enough to say it could be over and this next phase will be the waiting game where it could take long at this price range of $23-25k per USD.
I am using only the price history though, so there's a chance it might be wrong. Well, there is really no accurate prediction about where it could go but so far it looks to be in a good path.

I still think bitcoin's price haven't reach the bottom yet on this market cycle. We all know that many countries are facing an economic crisis right now so the possibilities of a dump this time is higher than just a normal bear season. It's too early to tell that a bull run will begin again soon with these worsening issues. Though the current price of bitcoin is a good buy to me now but will not suggest going all-in due to market uncertainties.

actually we are now in Bullish , looking at the strength of the market? it shows how this can go upward in the next coming months as we are getting closer to the last month of 3rd quarter.
with those it is coming that maybe at least before the last quarter comes we will see a good point of earning from those who invest in dumping season as 17k seems to be the bottom.

any basis why you think Bottom isn't happening already?

is there any chance that you may show us why there is another dumping to come?

Thats what you think but wasn't mine , because I know that even we have a hard days in the 1st 3 quarter but remember that the last quarter shows strong market most of the years.
so maybe there are something we can expect before the year end.
and yes 50k? this is still possible as long as we are not reaching the year end.

It is going to be interesting to see how the price of bitcoin moves during the next days and weeks, some people were expecting for the price of bitcoin to be able to break away from the 25k dollars level, as this could be a very important confirmation for them that at least the worst part of the bear market was already behind us, but now that bitcoin has failed to do so, at least for the time being, then this could create enough selling pressure for the price to get close to the 20k dollars level once again.

This is also a hypothesis that many people are interested in, the market depends on the economic situation a lot so we can't say we have the lowest bottom here at 17k $. The longer the war lasts, the less inflation can fall below the allowed level, so in my opinion, the market will have more fluctuations in the near future.

However, this August and September we have good news because inflation is starting to decline, and ethereum is at the central point of the market, so we can enjoy for 2 months.

The fact that we "dropped" to 24k is a proof that we are basically above the bottom already and we are not going to see it. 24k was a price that we tried to reach and failed so many times already, the bottom was under 18k and we tried to stay above 20k, let alone 24k. Today we "dropped" to 24k and that is a proof enough. I do not see that we are going to see under 20k ever again, it is going to be something decent and we are going to end up with a good return for sure.

I think 40k will come during this fall, it will not be easy and there will be plenty of ups and downs along the way but it is going to happen, which will benefit us a lot because people lost hope for a while, these small increases will help a ton.

While I would like for that price to be reached that soon as it could help alleviate the doubts some newbies may have about the potential bitcoin has to recover, at the same time I do not see how this can be done when the price is having a lot of problems to sustain its growth, also I would like for the low prices of bitcoin to remain for a longer period of time as this would give me the chance to buy more bitcoin and get even more profits once the bull market finally comes.

Buying above $20K is still possible today, but some people still want a lower price when they want to buy slightly more Bitcoin. Even though buying at the current price can also be done because now the price is not at a figure that is too expensive and buyers who are willing to be patient and hold Bitcoin for a certain period of time will clearly get the benefits they want.

Well though it is too much to expect yet it is not Impossible to come right? price will continuously moving , we are now again in falling market because bitcoin seems to be staying at below 23k again.
it may be hard to reach 50k but still not impossible to happen.
and also what are we afraid to happen when the thing here is that what we would contribute for the price to reach?

either bottoming or not? who cares for a Bitcoin Holder like me ? lol for me this is just another Piece of desperation for a not so true investor like you OP.

I can feel that all you care is nothing for bitcoin but instead for Shitcoin that you are still bagging now.

ask the community once you prove that you are a Holder and not another BS expecting an increase from your alts.

I see many threads of this style, where at the minimum that the price recovers a little, people feel optimistic, and I don't think we are going to have too many reasons to be optimistic about the price.

If you hold Bitcoin and you are going to hold it until the next cycle at least, you should not care about these oscillations. You can even continue to accumulate at prices that will look like a bargain in a couple of cycles.

The only thing is that this cycle is being a bit disappointing for the expectations that most of us had placed on the price.

So we have to be patients.

there has been a new prediction from social media, I had read it on telegram, that after the merge Ethereum,
the price of Bitcoin will drop below $19k, I am really surprised to see this statement, of course it can happen,
and I really have to prepare for it, maybe not just me, all traders should prepare in case it happens

Right. The market situation still looks shaky without a strong pull even though since the last few weeks the bitcoin price has increased and the market is in the green zone, but now the market is back in the red zone and the bitcoin price is trading again in the $22k-$21k area.

If you do believe in that news preparing for the worse is the best thing to do, the current situation now shows that bear is bouncing back, and the market is in red, setting up your buying target right now to anticipate the fall will give you good rewards when the market start to bounce back and begin to bring the strong bull to run around. It's a risk though, but if you are really believing in such kind of news, it's best to take that basis and see if the direction will be moving according to your target.


Right, the market is shaking again and expect that pressure to see more dump is possible better to have a good alternative in order
to make proper decision if you are holding your assets, if you are more into investment, the timing is good while the situation is bearish you can collect and keep buying those cheap assets.

We have once hit $17k few weeks ago and bounced back to $24k and then suddenly correction happening ... to this date it's $20.9k and probably could go even lower to down back to $17k and swinging there between these price tag , i wish we would never touch that $17k again so we can get more focus on the next ath target.

$18k or $19k might be just fine for a hard correction but if it's lower than that ... i must say that i have to watch first for now without any action.

Whether we like it or not, some people never understand the nature of the market because what they want is to make money easily. That is why we can see people blaming Bitcoin for their losses but the truth is that they can't afford to wait and sell their Bitcoin at a lower price.
This bear season can't be done too easily or too fast, and I even think that this will continue until December or might be next year, who knows right? I'd look not only for the price but instead, I'd look how the market sustain and survive from FUDs.

Industry experts claiming that this bear market will last for 2-3 months max. By the end of this year we might see Bitcoins reaching 50k usd again. This is just an estimation and predictions, and to be honest I am also tired of seeing so many predictions.
Regarding the panic selling thing, yes i too agree on that fact that people don’t understand the market and panic sell their hard earned Bitcoins.
Nevertheless let’s see what happens next, and at least hope that Bitcoins should cross 30k usd by end of September.

I think that many people are tired of the current market conditions and this is why we see so many bullish predictions, but regardless of those predictions bitcoin will move independently from them, and since you seem to be tired from those predictions a good thing that you could do is to stay away from websites that do nothing more but to create predictions every single day and instead concentrate on what it is important, which is to do what you can in order to keep increasing the amount of bitcoin you hold.

Yes, because the bearish season is still on ground which will not help investors to make a good profits they want from their investments than to exercise patience with their holding for bullish season to come before they can sell to make a passive profits from the market. I don't think, the price of Bitcoin will still decrease more than $20,000 in this season, before the price will increase higher in the market because the green light is preparing to be fully stable through out this year for long term and short term investors to experience $80,000 before the end of this year 2022.

Profits though are not being made in a bear market, it is the period wherein we should accumulate. So it's a wrong mindset and says that it won't help investors, short term probably. But since crypto market is very volatile and it's on a cycle, it's better to hold on it for long term to get the most benefit or it. So in a bear market, accumulate, and in the bull market sell and that is where you take your profits.

Honestly I don't see bitcoin have potential back above $50,000 few months later after many bad news appear when bitcoin have reach little higher price. Looks have some community try to make bitcoin pump and dump drastically to get moment with short term trading, I think when bitcoin raise higher price last two days right now bitcoin back lower price from $23,000 and nowadays drop back under $20,000. Some people and investor still panic moment when bitcoin suddenly drop include have bad news will make them most panic for selling all bitcoin assets, hard to make them understood with bad news not give forever impact with bitcoin always drop.

We should really not expect ourselves to be having that positive way or path for bitcoins price because this market has always been unpredictable and there's no way that we could really tell if its already the bottom or
not.We should still consider that there's still having those Mt.Gox sell off that we've been keeping on talking several weeks ago and if that one would pushed through then i do expect something even more
decrease or decline on the market thats why we cant really make out conclusions about bottoms or peak prices because thats not how the market works or something predictable.
As a trader then it would really be just right that you would really be that wise and taking up the risk on every decision you do make.

Price recently made a new low for this week, its not currently even bouncing back from the last sell.  We have to call it weak when it not only slips off the ladder but sits on the ground and doesnt get back up and try again.     Wait for it to break either way as we could just be in a quiet spot, a test of patience more then price but Im not presuming anything on bottom pricing till we establish a trend, we are more apathetic at present.

Because the movement of Bitcoin is difficult to predict and there is no certainty, so everyone is free to make their own predictions based on
the results of their respective research and analysis. I respect your opinion which predicts that the lowest price of Bitcoin will be between $10k and $13k.
But the problem is that your prediction is not necessarily accurate, so if the price of Bitcoin in the end does not move according to your expectations.
Which you will only buy Bitcoin when the price of Bitcoin reaches the lowest price you want, it will make you regret in my opinion. My advice is
that we don't need to buy Bitcoin waiting for the Bitcoin price to reach the lowest price, because we can't be sure of the lowest Bitcoin price.
Actually buying Bitcoin can be at any price, because the price of Bitcoin will always rise to a higher price when the bull market comes. So buying
Bitcoin at any price can make a profit, the most important thing is that we can hold Bitcoin in the long term. Instead of regretting that we don't have
a lot of Bitcoin in the end because we keep skipping buying Bitcoins just because Bitcoin didn't hit the lowest price we wanted.

Damn, how did these people know this would happen? You wrote this back in August and it is so true as we hit below $19K after the Ethereum merge?

I want to know where you learned this because maybe they have some better predictions also.

well actually there is much low mate, because bitcoin drops down too 18k and not just 19k that I believe is not in the prediction of the one you quoted?

and yes it is all prediction that we can find the answer sometimes correct but  mostly wrong lol.

but even if this prediction created weeks ago? yet people did not see this coming as the merge says will bring more higher lol.

It's all just a prediction and this prediction is absolutely correct predicting bitcoin will drop below $19k after the merger of ETH. You should also not be too strict, demanding accuracy to each unit, although bitcoin today sometimes drops to 18.4kUSD.

According to the post history, this prediction was made on August 19th. Actually, this is a very surprising prediction, while most of us here cannot make predictions about bitcoin price and we focus only on ETH price in the days before and after the merger.

Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.

Yup, i also don’t get the point of discussing the lowest amount of Bitcoins.
You should thank to God that you are getting to buy the Bitcoins at such a low price. Now if you cry for more less price and miss the best price, then don’t blame other people. You had the chance and you missed it due to more greed.
So if you are finding Bitcoins at around 20k usd, then just buy it by closing the eyes. Next is to wait for few weeks and definitely you will see some profits in your balance.

$17k+ was seemed to be the bottom for this cycle. But I've seen that many are saying that it could really go below as much as $12k and then the lowest might be $10k.

As bitcoin bounces back, this is only showing how strong it is at these points.

When it's below $20k, people are speculating the lowest that it can go and that's typical because they want to see the lowest price of it so, they can buy.

some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k)

No one really knows on whats the bottom which it is really just understandable that mistakes and wrong decisions would really be that totally unpredictable which means that we are really that prone to mistakes

or good calls which i cant blame out people on having that impression that this might be the bottom considering that the price had plummuted below 19k which we havent seen once in a while.

For those who do short on futures trading then are the ones making out money and now its not bad to make out some snipping profits from that small increment increase that we do have in price.
Its up on someone actually in regarding into these kind of investment decisions since not all would be having the same mindset.

This discussion about where the fund is reminds me of a few years ago when the price of bitcoin dropped from $20,000 to $3100. at that time they said that the fund was 1000$ but the price never dropped back to 1000$, that is, the real fund was 3100$, for the forecast of where the fund is currently I would say that I still don't know, I say that because it seems to me that the support that is at 18000$ is very strong and whenever it drops a lot and the price immediately goes back up, maybe the bottom is 17000$. as we are in a situation where the price only drops a lot so I will wait to see if it breaks the 17000$, if it doesn't break the 17000$ and recovers then the bottom was really the 17000 to 18000$


people are just trying to guess where the bottom is, i would say that saying where the bottom is is the same as playing some gamble, with the difference that if someone hits that person doesn't win anything

It is much expected bounce. The price that dropped around $18k have made a good bounce. This will go further reaching $20k+ and when the interest rate is being announced we can experience the decline or upward movement of the market. By that time the decline could go far below the price thats been reached earlier. The four year cycle is perfectly making a coincidence.

One of the most plausible reasons why people want to know the lowest price is because they want to collect bitcoin. This year the bitcoin price dropped to $17.5K around mid-July, and it was the lowest point after ATH in the second week of November 2021. This means that this is the 10th month that bitcoin is in a bearish phase although some people have been very successful in profiting from price fluctuations.

Of course we can expect some price increase during the rest of the year, but several factors need to be considered given the Mt.Gox distribution has not yet been realized. I might think the distribution of bitcoins that Mt.Gox will have an impact on the market, but it won't be very pronounced if the distribution percentage is not more than 20% per stage. In terms of probability, I believe the maximum decline could be up to 80% of ATH, but I also don't deny that the price could drop lower than that percentage.

well if we will check the market there might be an increase because the price stands 19k now but still struggling to break 20k so maybe a little wait will help.
But I'm afraid that there will be a further increase because the world is in so much pain now from the problem arising from here and there and the world economy is still in hard shape now.

That is because people are lazy to open a price chart. What is the point of predicting whether yesterdays $18.4k is the bottom, when, for example in December 2018 we had $3.4k ? People are lazy to realize, that each purchase, each buyer has its own bottom. For example those who has bought bitcoin at that price of $4k, now read this topic and smile, when they see $19k. And it is oppose, those who have bought at $60k, probably sold at $40-50k and that was their bottom.

if we look at all the altcoin charts of course we can conclude that this is a bottom,
but for Bitcoin it still hasn't, yes this is why the price of altcoins is still not safe and can't be said to be bearish is over,
because the shadow price of $10k for Bitcoin can still be achieved, so we have to be careful

It is not easy to speculate about what bitcoin will do because it is such a volatile asset. Sometimes it goes up and sometimes it goes down and we never really know what happens. All we can do right now is to wait for it to go up, and if it goes down that would be upsetting but that's about it, we can't really make anything happen by ourselves, and if it goes down even further then we just need to wait some more.

What people do not understand is that you could buy to get ready for a higher price, but you can't do anything about the price going down, and that is why you shouldn't be worrying about it, just wait for it to recover, that's all you can do and maybe DCA if you have some more money.

Also, you failed to include about the cycle, there are two types, the bear and bull cycle. And as we know, the bear market is where the price go down hard that there are people who are afraid to invest.


The best thing to do is just to accumulate thru DCA in this bear market. This is a win-win situation for all of us. Maybe it's not for all, specially those that I have mentioned, they fear when the market is very volatile and the prices is down. And with that, I can only speculate that the bottom might be reach next year, right before the halving.

So far this 2 day average has bested the attempts of BTC to consistently rise and recover prior losses.   Beyond this the yellow line is roughly a weekly average and its not even come close to challenging that, we cant especially think BTC will act positively while unable to trade positively for even 2 days.    All I see here is sideways, slightly negative and no indication of any bottom pricing being apparent.
https://talkimg.com/images/2023/06/12/AIf6q.png

I'm sure most of those altcoins are already in the bottom or might as well as their market isn't moving at all. ;D
But for the price of Bitcoin, we can't say yet that the bottom has been touched yet unless if Bitcoin push upward a little every now and then. But it doesn't happen yet so we can't tell whether the bottom has been touched or not. But one thing is for sure, it will surprise us to see the bottom once it gets deep down.

Sometimes you really wanted to think that the bottom is in, but if you look at the market in the last couple of weeks, we are again near on that level, currently the price is just $18,500. And if there will be selling pressures this week, we might see that plummeting again and then enter another bottom. End of the week or every month works like in  a clockwork now, seems the price is going down. So this might be the case again next week, I reckon.

Although I don't know the bottom price Bitcoin will reach, for sure the price of $ 18k can be said to be a low price and the right time to buy Bitcoin.
Hopefully Bitcoin doesn't fall any lower in the near future, because if Bitcoin does fall even lower, it is certain that many investors will panic and
selling pressure will be high. Even though Bitcoin no matter how deep the price goes down, we don't worry and don't sell our Bitcoins at low prices.
I can only suggest if this week the price of Bitcoin is getting lower in price, what we really have to do is don't panic and buy more Bitcoins every time
the price drops. Indeed, I admit that buying Bitcoin at a low price is not easy, because we must be afraid that the price of Bitcoin will still fall even lower.
But we have to put our fears aside and have to believe Bitcoin will recover, that way we don't hesitate to buy Bitcoin every time the price drops
to a lower price.

No one knows on what would really be the bottom would be and since this market is unpredictable then no matter how skillful or knowledgeable you are but still you cant make out 100% precision in terms of prediction

and speculation because market could really turn upside down without even been expecting or totally opposing on what you had analyzed.This is why its really hard to make out conclusions in speaking about bottom.

Thing here is that you do know on how to presume up things in upcoming market trends. Ex. Mt.Gox selling those coins..Its safe to presume that on the time of distribution then there would be high
chance or likely to have those dump in price of Bitcoin.

That's how I think of it, we've seen it $17k and we're not yet there but it's very likely that we'll see it in a couple of days. And that's just for the sake expectations so that it won't be surprising anymore.

Not until we see a new bottom then for sure that would make predictions come again that we might a bottom of another bottom soon.

It's true though that no matter how experienced, skilled and knowledgelable you are, it's hard to beat this speculative and unpredictable market.

I don’t think we’ve already reached the bitcoin bottom, and I guess no one will know if its already happening. Afaik, I won’t be bothered and panic once it happens as I’ve done securing my assets through DCAing throughout this whole bear market. And let’s say the bottom is in, for sure it will always recover and bitcoin will surge again for its new all time high.

It drops normally as we are still in the bear season but naturally, we also see recovery after the dump. So, there is nothing we have to worry about and to panic about but instead, we take this time to buy more.

As I recall the past bear season, I could really imagine that was the hardest life in crypto, in fact, the majority had thought it was the end of Bitcoin and many are leaving. And if we compared it now, ohhh, the price is still high. That is why I don't bother myself also to think about the bottom price for we don't know exactly.

It is not in a situation to bounce high. For now the market is well connected to the traditional market. This makes the cryptomarket to be dependent and that's the reason why there is market variation whenever the interest rates been hiked. It takes time for the slow and stabilized growth that we expect out of the market.

Apart from the connection between the traditional and the cryptomarket, it is the market cycle. For every four years, we'll experience the down market and a massive progress. Possibly what we experience is the start of the down market which might bounce back when the transition to bull trend takes place.

Most of the time, you will have to think about the bottom, when we hit like $18,300, I guess majority of us think that we will go down further to $17k. But then again the bulls take over the market and now we are in the road to another recovery of $19,500.

So it's really hard to see what will be the bottom or if we have reached it already. The best thing to do is really look at the market and see how we can take advantage. When it goes down below $17k, then it's the perfect time to buy.

I think the price of Bitcoin at $18.5 has strong support, and September will also end,
of course October is predicted to be a bullish month for cryptocurrencies,
my prediction is that if bitcoin is able to stay at $18k then there is a possibility that $30k can be reached in the next month,
get excited and keep holding on!

80% of ATH is the percentage decline that may occur for bitcoin during this year or next year. I don't know for sure because to be honest I didn't do any analysis to predict the price, but that's just a possibility because I don't think the price will go down more than 80%.

I'm considering getting a few more dollars to invest and maximizing the accumulation strategy during this downtrend. I have to consider that because bitcoin is an investment asset with the most potential to go higher in the future. It's all risky, but for something you can afford to lose it doesn't matter to me.

Price action just now is acting quite positively, its past the weekly average but has to show it can hold above and accumulate gains further.   I wont really count it as fully positive in terms of a BTC bottm until we are regularly making higher lows on daily bars.   So 21k is a good area to mark off on the chart, its place for possible resistance and also where the 50 day average is residing which is far more a good indication of a positive trending market.
   Dont worry about the bottom price so much just hold on for when 50 day is our lowest point in any range of prices rather then the highest as seems it will be currently for the moment, a test we must pass.

In 2022 Bitcoin is more of a bear market. Bull market is not coming this year, it might be difficult for us to see. Because the current market conditions are still in the game of investors. They will make the market drop more to take bigger profits when the bulls start.

If you think of Bitcoin this year as an investor's game, then try to follow the investor's game by buying more Bitcoin at the lowest price or when it is experiencing a price decline.
Since it is investors who play this role to make prices lower, they will also play their role to get higher profits by trying to lure for a pump to occur in the market even though it is a difficult thing to happen, but not so difficult to do.

And another reason that makes Bitcoin still not pumping well is that there is no good news coming for Bitcoin other than bad news for some cryptocurrencies which might be the main result of a price decline in the market. Although I don't think Bitcoin has anything to do with other cryptocurrencies that are below it or lower than it is now.

There no such bottom but you could really see on trends and based up on technical aspect but we know that its a never ending hunting of bottom price because we do keep on chasing it whether on a long or short

time frame.It does depend on what kind of trader or investor you are which do comes after for long term or short term.So making out buying decisions or selling ones would be entirely depending on you.
We do have our own analysis and decisions to be made basing on that one.

Bottom or not bottom, there's no way to determine on that particular manner.Market is just way too unpredictable.

MIght say it was hard to reach $25k this month but never I think the chances are close because we still have it.
Maybe you are right, but it was not because we see the green color of the market is just only the indication for the price increase. Bitcoin price will move surprisingly, we never know and besides, $25k is not really far from the current price.

Well, anyway, this is just speculation and we have no assurance for this but I'm still optimistic that this October will at least have some market pumps.