Bitcoin Forum

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

I also foresee things coming together as early as now, and there's no sign of a bearish market. There are quite a lot of positive news that's coming to Bitcoin, or cryptocurrency in general. There's the news about Starbucks opening support to crypto through Bakkt, and the nearing halving of bitcoin generation that would impact the supply, and given the continuous or much more demand, would make the prices soar.

Hopefully it will as the bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 last October. There were also lot of progress and development in favor of Bitcoin like the comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology so i think that this is enough to make the price of Bitcoin to become stable because i believe that the Chinese could really influence the market movement too.

Obviously, the bottom was $3000, bitcoin price increase more than 200% to date.
The bear market lasts one year after bitcoin reaches the peak and has entered the bull market which could last 2 years according to the market cycles.

I hope they were right but current price around $9,201 still vulnerable to drop below $8k to $7k level again hopefully its the end of stable level. Past news are pretty bullish also except for some perma bear economists still hoping Bitcoin to drop more.

Qell, I hope so. The current stable 9k$ price was really quite a relief to see when the sudden pump happened. I honestly thought it would do a bearish run instead of the current today. I can accept a drop to 8k but I hope it doesn't go any lower now. I believe its a part of the expectations with halving and that is holding the BTC at its current price. It's pretty much just waiting for something explosive to happen before another push comes

This is most welcome, to see volume boost, but it is still too low to have anything taken seriously, especially in the range of 9k to 10k, why things move so quickly there as we saw last week instant almost move to 10300, is because almost no orders in the range.

I would not say market bottom is behind. We still needed to see longer stays in the deep 6000.

The last bottom we have is $3200, so obviously looking at the current price, it seems what we are out of that range. But knowing crypto, we still don't know what's going to happen. Remember last year, when the price of bitcoin is trading around $6k-$65xx, then all of a suddenly the months of Nov-Dec was one of the worst for us as the price continue to plummet and bottoming at $3k.

So let's see how it goes, all we can do is what and hope that we won't reach that lowest low prior to the block halvening.

seriously? that random site again as your source?


we will go nowhere but in the range $7000 to $8500 , even when a lot of media building an opinion feel like the bullish run is formed for the next few months heading to $15000 even over $20000 at the halving 2020 later.
that is the most popular speculation around the circle lately.
i am pretty sure everytime people think that it is bullish , those whales is ready to move trying to make money out of it by playing the trading game against the trend which of course the reality is instead move up to $20k , it moving down to the unexpected bottom level . just like in the early 2019 people expecting too high wanted the price to surge to over $10000 but it moved towards the lowest level at $5k. think about it.

i don't honestly see any significance in this article nor in the person they are quoting. it is the classic move by newbies who want to pretend in predicting bitcoin price make. they jump into things as soon as there is a small change. a week ago the same people were saying price is going to continue falling until next year!
the fact is that price has still not broken the major resistance at $10k to go above that and remain there. and although i don't expect any more big drops but they are still possible until we go above $10k and start the actual rise not the correction of an unrealistic drop.

Whoever said that, even the most popular personality in crypto, I still won't believe it's guaranteed.
The point is once the market is unpredictable, it will remain unpredictable and therefore we might see another bottom before it pump or we will just see a one sided pump, we really don't know, what I do is I just believe and remain optimistic that time will come that BTC will have a new ATH again.

Even I don't belive in any speculation even though it feels good to see so many positive posts about Bitcoin's bull run from the same users who were whinning about bitcoin couple of months ago but the bottom line remains the same as once unpredictable will always remain unpredictable.  It's better to go with the flow and make the right moves as per pump or dump rather than making decisions based on predictions and posts from people who have same knowledge about bitcoin as we do.

I cannot count with my hands the times I have read this kind of news. Bitcoin has bottomed out. Bitcoin has reached the bottom. Market has left the bottom. And in a few days later, the price is falling once again. This news is just another initiative to spread good vibes in the market hoping that it will cause a little FOMO in the biggest number of people possible. I think the bottom is always one step away with the unpredictability of cryptocurrency.

There has to be one at some point, and the people who insist it's yet to come are the ones who get left behind. No one knows it's the bottom until long after it's been and gone. I presume there are plenty of 'hyperwave' tossers who are still sitting around waiting for $1000 and will be for the rest of their lives.

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

It a very tricky to speculate about bottom/s, especially at times like these, when the price can drop by 20% in one day or go up by 40%. The title may be misleading, even in article author say that we should not expect "a permanent recovery of sentiment".

I mentioned to pal of mine that he should think about getting some BTC at $250 in 2015. He said he'd wait. He finally called me up in 2017 looking to buy $3 XRP. 

The mindlessness of people never fails to boggle my mind.

It is easy to be smart now, but I also buy BTC during 2015 and trade them for some small profit. I am quite sure that it will never happen again that I can buy 5BTC for $1000, and then sell them for some $1100. What kept repeating in those years is that everything under $1000 is cheap, almost as a gift, which completely came true.

Today I share the opinion of many people that everything under $10 000 is cheap coins, no matter how lucky we are to buy at some dip. In the long run there are only two options, 1BTC will be worth a fortune ($100k+) or it won't be worth anything.

this dude is now nearly a whole year too late to talk about the "bottom"! lol.
price continued falling for an entire year during 2018 and then it reached the bottom. then price went even lower and reached the final stage at $3100 on December 2018. now after 11-12 months this dude is stating that the "bottom has passed". no shit, price has been on the rise for nearly the entire 2019 now and we are $6000 above that bottom or in other words price has gone up nearly 200% from the bottom.
i don't know where the news sites find these people...

Common words that we do commonly see when theres a price pump where either these personalities/companies/groups do tell
that the bottom price had already passed but when the price tends to pullback even more lower on what they are talking then
these fellas becomes silent. Price is always been volatile since and theres no such thing about bottom because anytime Bitcoin
can break out anyones hopes and analysis that been made.

the funny thing is, these types of people never actually buy anyway. when price is going up, they're always waiting for a dip. when price is going down, they're too scared to buy.

i don't waste any breath anymore. some people just aren't cut out for speculation.

The above report listed how Bitcoin rose to that value but did not analyze the reasons for the rise or show the charts that may lead to predicting prices in the future.
Stability at 9,200 represents only the exclusion of reaching $ 6,000 levels in the event of a collapse, but that does not mean it will not happen.
Historically, the price tends to stabilize or rise to levels above current levels, so it is likely that the price tends to rise to levels above $ 10,000 because the end of the year is characterized by increased spending, which means that demand for currencies will increase.

That can be big positive news to all of us here in the world of Bitcoin and cryptocurrency. Bitcoin is the leader of the pack and so alts tend to be following the cue of Bitcoin most of the time. Will this mean that Bitcoin is in the best position to make  a good jump especially in December? That can be a big possibility though nobody can totally take away that risks of it getting back to the $8000 zone. Anything is possible from here on and all we can do is just wait and share the positive aura to the whole market.



Maybe the bear is finally pushed back to the woods and he can finally have the best time enjoying his vacation there. We are definitely in a bullish period of Bitcoin and hopefully this bullish energy can be leading us to the BULL RUN time which I am predicting can happen within the months of 2020. There is now a very visible growing interest with Bitcoin as institutional money is now starting to take a good notice. We are just waiting for an avalanche and the dam will soon be bursting, figuratively speaking.

Afaik they've been saying in May that bottom has passed and they were right. Good.
But why are they telling the same after 5-6 more months?! Although somewhat reassuring, this is not news.

What bull run do people expect now? From $9000 to $100,000 before the end of 2020? That's unrealistic because there is so much heavy on volume historical price activity between $10,000 and $20,000 that an attempt to touch the current all time high is the most we can expect before 2020 ends.

Most of the major moving averages on the weekly time frame will take a long time before they finally pass the $10,000 level to support the price would it retest them (which will happen eventually).

The 200 weekly moving average that supported the price in december of last year around $3200 currently hovers around the $4800 level. It took almost 11 months for that moving average to climb up $1600 and it only did so because of the run to $14,000 we had this year. It's great and all to be bullish, but it's also important to not forget the technicals.

If that is true then thank God.
But rare cases still happens.
One is before the halving. A manipulation might be seen before that. We don't know how this whales think.
We might see a great dump but won't take long. That is my own speculation though.

Better to be also be ready for that. Trading might not be much profitable now but with FUD and FOMO then the wave could go wild.

Indeed bottom has been long passed. The bottom was at 3k$ and that was it. Since then we should be glad that we had this small dips in price giving us the opportunity to accumulate Bitcoin again and even the carts point in this direction as we're still in a strong accumulation zone so I would expect the price to stay above 9k$ and under 10k$ until the end of the year.

Sure, that's what it looks like in hindsight, but I've been into bitcoin long enough to know that anything can happen--even a drop from $9300 back down to $3000 or even below that.  Do I think that's going to actually happen?  Not really, but it absolutely could.

I don't know anything about Delphi Digital.  They could be the smartest people on the planet, but I'm still going to take their assertion with a gigantic grain of NaCl.  Even if bitcoin didn't crash all the way back down to $3k, it could easily fall to somewhere in the $7k range and I'm not sure where the "bottom" even is.  Is it the lowest price bitcoin got to after the crash from its ATH?  The lowest since Mt. Gox?  This is why I generally hate predictions and prognostications put out by professionals.  They're usually vague and often mistaken.

Not new to see those unrealistic numbers without even reviewing or considering on what are the past movements of the price.It would really takes time for us to reach higher numbers and we should think first on how to reach up or break ath than considering or do talk about hundreds of thousands price.This is why technicals do exist since we can presume on what would be the possible movement and i do much prefer on having a slow pace of movement than on a very fast increasing ones.

3k ? this year ? no i dont see that comming but afaik the lowest that we achieve this year was at 6 to 5k usd  but the 3k atl that you mention was i think on the past past years price of btc  .  for me i think there will be more bottom in the future including on this year because there are still some months left but i dont wish for that to happen because im an anti dip  . id be more happy  to see the price soaring high because this was the only time that i can earn better ;)  .

It is too early to determine whether the market bottom is behind us, you never know what will happen before the halving, we might not see the market going down till December but it will be interesting to know how the market will react after New year and usually we usually see the market going down during that period and lets see how the market performs during that period and then we can tell that the bottom is behind us.

Yep $7k is their bottom. I guess because it touches many times to that support. They didn't consider $3k to be the bottom when it really is, it just bounce back up quickly.


Its a much ideal price up til mid 2020, its just not how things work when halving is fast approaching. Its already presumed those miners will sell their coins for a higher price and traders will do so as well.

Unpredictable yes it is. But atleast we are seeing a several positive news. Such news will might as well be considered a foundation for an pumps or a sign of bearish market not to come at the moment. Though it is unpredictable but it such pumps, bull run ain't just happening for no reason at all. Well I am not forcing you either to believe.

Yes I agree, as we have two set of people over here wherein one never believes that the bearish market will end and questions every positive new and the other set of people have no idea about the market situation and keeps saying that bitcoin will reach moon and all. Sometimes we need to look at the brighter side as well even though market is unpredictable.

Yeah preparing for any condition is a must thing in investing in cryptocurrency because price can be affected by news and news could be manipulated. It's really make sense if someone say bitcoin already reach it's dip this year and won't go down under that dip again, and so many good news lately makes bitcoin stand still on 9,3k+ , but things still can happen and we have to set a stop loss for our bitcoin investment

This is just the problem I have with columnist and its because they surely lack consistency. Now its about how the bottom is behind and how we are ready for the next all time high and the moment the reverse is happening, they are the first set to release articles to even publicize the calamity that have befallen crypto. The point is there is no point that cannot be reached again whether on the positive side or the negative side. The difference is the activities that happen using the market forces as a deciding factor in what happens to price.

Considering we are getting very close to halving (just 6 whole months left) it makes sense that price may not go down ever again to sub 8 thousand dollar levels.

Consider the fact that bitcoin will be going up after the halving people will start buying bitcoin before the halving (I sense that people will overbuy bitcoin to get ready for halving and price will be already ballooned up so price may not go up as much as people anticipated and that may result with going down after halving) and those people who buy bitcoin will make it go up before the halving which would mean if the price goes down right now they would buy even more, they would buy even if it doesn't go down, hence there is a good demand of bitcoin even tho some people try to sell as much as they can to keep it low.

Everything is possible in this market. When Bitcoin cost $ 20,000 nobody thought it would drop to $ 3000. I am not sure if Bitcoin's bottom is behind or not, but in recent times there has been a lot of good news about the cryptocurrency market so everyone can expect that Bitcoin price will increase continuously.
I really hope Bitcoin will reach $ 15,000 by the end of 2019.

I think that I will agree with you on this too that bitcoin has bottomed, which makes the future of bitcoin to start looking so promising now in preparation for the halving also, which I think most investment that needs to be done is to be done now, because bitcoin could start its bullish trend very soon, I mean the full one because we have not been in the bearish market since the month of April, only the altcoins are still bearish.

The only thing we could see again right now is just some corrections, which is good for us to have chance to always enter the market whenever we miss a dip, so when we see some dip, we should not confuse it to bottom as some people do call some corrections of bitcoin as it being the bottomed again.

in my opinion ; this strategie of waiting new bottom every year not good . past year prices bitcoin fall under 3500 usd per btc . now prices rise a lot . i agree that bitcoin bottom has passed past year always . if they talk about new bottom not of the past . i say halving come day by day . so i expect another new high price more than 18000 usd per btc

But it's over a year before Bitcoin dropped to 3k in January 2019 after that ATH on December 2017. That 3k probably was the bottom this year so we are now moving for the next year speculation since the halving is just months away. Expecting 15k this coming December is far from what I saw in the market. I don't know what would be the new ATH of Bitcoin next year but I do hope it's beyond 20k or more.

We are still below $8k again, and the sideway trends are hurting the market but hopefully yes, bottom has finally hit so we wont go lower again. Some are waiting for more good news, which can pump the market after days of confirmation. With the current trend it will be hard to tell if the market will go up now, existing prices are still good nothing rush in this market so be more patient.

Hard to be confident when the market is not stable yet or its still struggling.

If we really hit the bottom then that's good so we will eventually see some improvement this year and in the years to come.

I hope if ever there is a bull run, it will not happen as fast as before so we will not experience the same consequence which is the long bear market.
I know we are all tired of the market situation because its been like this for over a year already, all I can do is just hope that all of these will be gone and the market will flip to bullish again.

I dont consider the marker is struggling in the $8,800 figure. This is just a correction after the btc jumps over 30% in just 24Hours. Maybe if the btc will fall below $7,000 level bearish will most likely a trend when that happens. As we are close to the btc halving I dont see any further pull back of the price. Btc might jump to above $10,000 anytime soon. I'm looking forward for another pump on december.

When bitcoin is dropping like a fly these days it is really not that easy to say bitcoin is not going to a further bottom. Sure it may not go any further down, maybe it won't go under 8k maybe it won't go to a new bottom but it is not really easy to say that right now. There is still that small possibility that we can hit a brand new low and that is why we can't really be comfortable with the prices.

I am honestly not buying anymore, I already sold when we reached the peak and I am waiting for something new, a new bottom or at least the old bottom of 7.5k or so is still quite possible if you ask me. Don't get me wrong I still think halving will cause an increase in the price but we may have a brand new bottom until we reach that halving period because there is still 6 months to go.

What is Delphi digital?  ;D

If that is the bottom then what is happening now.
I think $8k might still be the bottom although the bitcoin price is still resisting. Better think advance than expecting for too much right?
Yes, I am pessimistic but also a realist. The resistance seems to be quite hard to break. We should have been in 10k by now and maybe that is when we could set another bottom.

Being optimistic will bring you to much comfortable position while waiting for any movements from the market. It's hard to say where's the exact direction and what will be the next trend, but if you do have good approach and you are confident with your position then things will be positive
to your investment. Keep observing and assess if you can trace the right path to succeed from this venue of business.

A few days ago the price dropped to $8500

https://i.imgur.com/RBtgm2v.png

If the price falls below $8500, then we can probably see the price falling below $8000 (it seems to me that the $8000 zone is a strong psychological zone and if fall below to $8000 we will see the price back to $7800)

I hope these are all true, so we can move and people will stop waiting for another dump to happen before they can buy, I also don't believe that there is  going to have a massive dump, I prefer to hodl and buy more coins and don't wait for massive dump so I can buy, if you believe that Bitcoin has a potential, buy it when you have funds, now is the time to buy maybe the price that is showing now will be higher in the coming days.

i don't think you can really speculate based on these types of drops that are sharp and bounce right back up. specially when you are looking at the hourly charts.
you see the market is still pretty small, such sharp small drops (1.7%) could easily happen with a small size sell specially on in tether market that involves altcoin exchanges that everyone is trading altcoins and a smaller percent have any open orders in bitcoin/tether order books.

When it comes to price swings 1H TF isnt really the right place to look or to refer on and as said 1.7% drops are just small drops
which we cant conclude nor applied that we might see some low prices soon. Supports can be break out anytime though but
pointing on where prices would go and telling where the bottom is does sounds a never ending speculation.  :)

I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.

Many people said it already has reached the bottom but some people said it's not. But i think it will depends on the whales who controlled the price i think if they broke the price again, people will lose hope with crypto currency especially bitcoin and they will not interested anymore with bitcoin. So i think the whales are not gonna do that because if they lost crypto people they can't make money again. So i think the price is already bottomed out and we just need to wait to the price recovery

There are actually some very interesting charts which explain that the volume moved mainly to the future and options markets rather to the counter price trade that we plebs usually do. So the common charts of bitcoinwisdom.io don't really tell the whole story anymore when looking for volume trends.

Myself too has the same thinking that the low bottom isn't achieved. From the market's growth pattern there is large scale price increase as well decrease. By the time there is no big move with the marketcap, it serves to stand with little decrease and becomes stable. It was predicted that a drop in value low to $7500 would make the market experience its low bottom of $5500 which is purely the view of experts. This way I believe we haven't reached the low bottom and if that's been achieved and further it's time for growth I'm happy for it.

Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.

In the world of cryptocurrency there is no better thing than being optimistic and positive at all times no matter what the market trend is. For not too long you will be able to make enough profit when you are patient enough to wait for your projected price mark. No one will lost money if they have not doubt btc at the very beginning of their investment.

Bitcoin bottom definitely passes, what people mean by bottom is the current rallies lowest point and highest point.

We have already passed a whole rally where the price was around $7k and then $9k, right now it is doing a whole new stagnant stage. So, if you mean bottom as in "the lowest it can reach" there are "prices" that are not as much as other ones honestly because we will never see 100 bucks per bitcoin ever again right? If you think there is a chance I would highly suggest you leave bitcoin asap.

There are also "periods" like I mentioned where you have a bottom and a top and then you move into a new stage or a period, we moved beyond a period of volatility and now waiting for the next volatility so the bottom of that period has passed. Whichever you chose there are always bottoms that will never be.

The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price.

we see the price of Bitcoin today touched $ 8100, the last support point this time was $ 7100, I really hope that it will not touch that price !,
If Yes we will look deeper, many bad bitcoin sentiments come, from Google, China etc., making prices have not stabilized, be careful

We will be able to test that theory during the next days, the bears are trying to push the price of bitcoin outside the range of 7000 and if they are successful they may create panic among investors and the price could begin to go down even faster than the way it has been going down recently and if that happens then we will reach another market bottom and we have no idea how long it would take us to recover from it.

And what it is interesting about all of this is that the volume is kind of low, there is not a lot of activity in the markets and yet the price is declining in a consistent basis and this can only mean one thing and that is no one is buying bitcoin.

and now it looks like Bitcoin has reached the bottom again, right now the price is down to $ 6690 ,
if I analyze it should be able to go up to $ 8593 in the next few days, but true, still be careful in trading

Just don't rely on such predictions or make decisions based on them. No one can't really know where is the bottom and how deep the correction will go this time. Recently some said that 7000$ was the bottom but the price is even lower now and there is possibility that it will fall under 6000$, who knows. Just wait for couple of days and be patient.

We're going to witness how the price going to recover on this level of values, and more will be given an opportunity to own bitcoin at lower price. It's kinda boring to watch the repeated trend but it's the norm of the market, which everyone didn't expect to happen. I am hoping to see another huge spikes that could trigger massive adoption this coming December.

It seems that at least for now the danger that the price will go even lower than that has passed, but we cannot relax because the current growth is still too weak to try to give an absolute answer to the question of whether or not we have reached the bottom, since it is likely that the bears have taken a little rest before they try to make the price to go down again and if that is true if that trend begins now to the price is much lower I think we could hit 6000 again.

And if that happens there is the possibility that many of the investors that are still holding their coins are going to panic and this will make the price even lower than what many of us could anticipate.

I dont understand how it is easy for anyone to state the bottom of this market. It could be distracting or confusing for some member, seeing the parabolic price movement. The greed level has not touch the bottom of the swing.

It's very easy and the rule is to look at % correction. Whenever Bitcoin loses 50% or more in a correction it's always a very good time to buy. Thi is not a golden rule because one time it can be falling because of some hack or weakness in the system but this is why you have to read the news and watch the charts at the same time.

Even now we had a 50% correction from 13800 to 6500 and it again was a good opportunity to make some money. 

Its not easy, its only ever probability and it comes in stages of confirmation.   Right now I think we are quite positive going into this weekend and I'll keep that opinion so long as we close above 7400 for this weekly bar.
  I base that confidence on the way we are moving between negative trends, its possible for it to reverse but if we do confirm above that previous negative trend then we have reflect that positive sentiment by expecting further gains to occur overall.

https://i.imgur.com/xfBko5P.png

So blue line is 2 day average, its held that and it is purely a short term measure of a positive move.   Its reasonable to take a trade when we hold that, 7900 is next target and I guess just holding this area is quite positive.  Anything from 7600 to 7400 seems where to watch for price acting positively.

This was proven to be a very weak area of support. We are now below 7400 that you were describing as bullish area.
Most people will now prefer to wait it out because going back to 7k is very much a possibility now after failing to reach 8k and then again failing to hold 7400.

By the looks of it people are trying to keep price low before the halving. I don't expect any big moves up before the new year.