Bitcoin Forum

Hi

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.

Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?

what are your thoughts on this? Is a further crash on the horizon?

No one can predict these kinds of outcomes. At best we can make an educated guess, but even then, the whole economic system is to complex to pinpoint it with any certainty. We can always look at previous trends, what has been anounced in regards of crypto developement, what are general economic trends in the whole world and then maybe get in the ballpark.

No one can truly know the bottom of crypto, that's is why lots of decent trader do DCA, dollar cost averaging. Its one of the best ways in buying the dip after you have done a thorough technical and fundamental analysis, I could remember when lots of people where predicting 20k to be bottom of bitcoin during this dip, it went to 17k if you dca then you are in profit, no one can know the dip it ain't possible

Nobody will tell you that because many things depend on people's decisions. If the US government continues to destroy the stock market, we will have a crash and a recession.
Does it mean bitcoin will crash? Again, we don't  know because bitcoin is already below 200 WMA and it already was below the level of miner capitulation. It doesn't have much crashing space left at over -70% from the top.

My opinion is that if stocks keep crashing bitcoin will be crashing less because it already did a hard correction. It became more oversold than it ever was. People were anticipating the worst and whoever was considering selling with a loss did it 2 weeks ago. Eventually people will start to move their money from other assets into cheap bitcoin that at 20k USD has a much greater potential to go up than most stocks.

This market is really unpredictable so up until now, no one can truly be confident in telling the future of the market.
We are all depending on what updates and news we will be reading next.
It is your own strategies on how to optimize your possible profits in this market.
Just like when btc went down to 17k range, if you bought it at that level, you are in profit today.
But for someone to know when we will exactly hit the rock bottom, no one can do that up until today.

I agree with you OP
Crypto is coupled with the global economy. And if the global economy continues to deteriorate, so will crypto. Unless, somehow everyone pulls their money from the stock market, to invest in crypto. Which is very unlikely.

As long as everyone stays positive, the market will too. In trading terms, most of the world has to go "long" on the future  :D
Hopefully most people will see the current market as an "opportunity" instead of shorting it.

It's impossible to be certain tho.

You could consider it as a reverse of action at the top, which was a repeated similar double peak appearance.    So it does seem likely we repeat an attempt downwards before either trend would resolve doubts.   Also for any movement I also expect factors such as a lower Dollar index, that is most troubling on going reason.   There are larger events in macro economics, its not especially just BTC that moved price.   YEN has questions over it, europe must answer doubts on large amounts of energy it relied on from hostile countries.

like everybody said that no one known unless you are super rich whales who can move the green stick candle with your money.  ;D

nowadays market become more unpredictable and bitcoin according some article and this https://financefeeds.com/bitcoin-stock-market-correlation-happens-make-money/

that bitcoin now have correlation with stock market, then yes if the outside world still in unstable might bitcoin become unstable too

It's a little hard to judge and see the crypto market at its lowest point, basic.

I'm talking about the experience, from the experience of the past few years, the market plummeted at its lows, usually those lows lasted 6-8 months, all types of coins are not moving, but at the moment I don't see that, there is still some movement of a few percent up, I believe it hasn't bottomed out yet, maybe it will continue.

I’ve been here since 2014 and every bottom, except 2020 had one thing in common. It basically traded sideways for months and people basically gave up due to boredom and sold… and that was the bottom.

Most likely it will be a similar situation here. Especially given that we are in the summer months and stock markets are also starting to get little volatility. Most likely nothing exciting will happen until the Q3 and maybe crypto will bottom then.

We cannot determine the exact bottom figure but we can be sure that we are close to it. Either it was the recent $17k, or if we will have a subsequent dip, it can't go much lower than $17k as there are too many people who find the price cheap at those levels and buy.

Over time if you follow the markets you learn to identify when the top and the bottom are near: when people talk about the world ending and going to 0, the bottom is near. On the other hand, when people keep opening threads asking you what will be the record of the ath. $150k, $250k, $400k etc. and how fast we will get there, it is close to the top.

No one can know when the bottom of the price will be reached but we can predict how far the price will bottom. Even though we can't predict accurately, we can find a point where we can enter the market by buying at that price and if the price still drops from our predicted price, it won't be a problem. But if you trade and analyze often, your feeling will be able to guess the basic price that can be achieved by bitcoin and it will be close to the market price. But it also takes luck for us to get the base price of bitcoin.

Nobody can tell you, but since the market depends on supply and demand, keeping track of the things that affect supply and demand will enable you to predict the price.

Here are some general examples:

• At the end of the month, many futures contract positions are liquidated and therefore you can expect a decrease.
  
• Margin call, which occurs when an asset goes down and the platform is forced to mine some cryptocurrency.
• Political decisions, especially those related to liquidity.
• Market condition: Fear, panic and doubt.

All of these factors make you predict the direction of the market and by knowing the points of support and resistance, you can determine where the depth of the bottom may be.

It is difficult to spot the crypto bottom as the price can go to any lower price. For bitcoin price, maybe $17k is the bottom price for a while because we do not know if the price can get down again or bounce to the high price. But if you want to invest in bitcoin, the price now is still worth it to buy bitcoin. Even if the price goes down again like before, that will be your chance to buy bitcoin at a lower price. We will not know where the price will move next month so you should use the chance to buy bitcoin.

I've always found it pretty easy to spot the bottom in the past.  There's usually an unmistakable moment where capitulation is obvious and clear.  This cycle was a little different because the nature of the crash wasn't retail panic, and instead was orchestrated by big players squeezing out overleveraged entities.  So we had a capitulation moment, but it was sloppier than what we've typically seen in the past.  While I would have preferred a massive volume spike and huge drop instead of the slow bouncing around for a couple days, it does seem like FTX has stepped in to be the lender of last resort and put a bottom on the market to limit further selling.  While the ultimate bottom may be lower than what we saw recently, the downside vs upside has me thinking that now isn't a bad time to be buying and even if we fall from here, you're looking at a possible 50% loss in a near worst case scenario, while the best case scenario which has been playing out for years has upside closer to x10.  Worth it in my opinion.

It is really difficult to spot the bottom. As per my understanding it is possible to understand whether the market has turned bearish or bullish with continued price movement happening for certain time period. When the market is on the bearish trend we need to just focus on the price move and set a bottom target according to our mind and go for a buying. This is how I fix the bottom, sometimes it coincides with the perfect bottom with little variation over/under.

Bitcoin is just like the currency base USD.  Its the only that you will look at to see if crypto had bottomed. You only need the indicators that could tell we are in the bottom such as RSI and others.

It is however just as guessing when you don't look at the world economy which is what they have been saying above. If the world is unstable just as what it is right now, there could be a rough road ahead of us and this crash may not be over.

from my observation, cryptocurrency is unpredictable and it's a currency that is not controllable by any one, those predictions people made its on their assumptions of cryptocurrency price stability, some of them analysis is not accurate. The dip season can continue it's decrement beyond our prediction expectations so therefore we should not depend on any analysis of cryptocurrency from anybody, after researching or getting your facts of market analysis, you have it as personal hypothesis.

It is hard to spot the bottom price of the Bitcoin market especially when the market is in high bearish stage but history shows that the Bitcoin market always downtrends at least 70% to 90% of its ATH price and the last bottom price of Bitcoin is always known during the Q4 of the bearish season year.

Cryptocurrency is predictable and it's being volatile in nature making it a subject to prediction but getting the right market price through prediction is impossible at a ratio of 100

Truee.

I tend to predict the possibility bitcoin price fall to $6k is there in very near future , actually could be around $10k -$15k ... just like the other day where bitcoin price fall down to $3k from the $20k all time high.
Where the world economic system shaking ... cryptocurrency could always become a safe haven! We'll see this time.

In the midst of the coronavirus epidemic in 2020 when world financial sectors were in shambles, crippled by the lockdown, Bitcoin showed strength. So, to that effect, your assertion isn't right. We often see the stocks market crash but Bitcoin remains resolute.

About knowing when the market has bottomed out, that will be a hard thing to accurately get. This is a speculative market. Even with compasses in the form of indicators, we still can't get it absolutely right. However, I try to look at weekly and monthly close of candlesticks to gauge where the market direction could be on the long term. If a dip has lingered for a while, I begin to expect that a reversal is imminent and I start looking for a possible candle formation to support my suspicion. Otherwise, it's better to do a DCA on a crypto you know will do well and not totally wait for a bottom. There is nothing like a bottom while the market is still in progress. We only get to know that after it has passed that phase.

There's no accurate way of predicting the bottom. In fact, even among experienced traders and analysts there are those who think that Bitcoin has already bottomed but there are also those who think that there could still be more of Bitcoin's dip. This is anybody's guess now. What is sure is that we are already down low. So to those who wish to do the buying at the bottom, it is best to start doing your DCA right now. The price could still continue to fall down but it could also rebound.

Correct. If someone had a system to determine that they could make a lot of money.

What we all do have an idea of when we are in the bull market and when we are in the bear market. Some technical indicators help, such as the weekly moving average or the fear and greed index. But come on, as determining the exact point of the button is mission impossible and if someone gets it right it is by chance, it is not going to be done consistently.

you have just changed some terms but same posts had been asked for years now and that is How to find or understand the bottom but how can we ?

this is  something we cannot find because if does? then we are already a millionaire now , imagine if we find when is the bottom? we can simply sell everything we have in life then invest all in such crypto then wait for the pump.

But it is not that easy lol.

We simply don't. The best people can do is assume and honestly, most assumptions are simply that, assumptions or at most an educated guess. There's no guarantee whatsoever that said assumptions will actually become reality. If one had a way to actually predict it then I don't think trading would even exist, or they'd even bother sharing it since, well, that would just seem dumb now, wouldn't it? We have the current community now because a lot of people can speculate but can't exactly identify what will actually become reality.

The answer is we can not know how to do that.
I've been discussing this with some of my friends, but there are no answers and we all simply say that it is very difficult to know the bottom.
The price could move to any price without us knowing, even if we can draw the chart and pattern based on the bitcoin's previous history.
But that is just a prediction that we will never know.

Anything is possible in the crypto market but I want you to understand that if Bitcoin is going to downtrend to the 6K price you mentioned there will be a strong issue in the market that will influence it and the only thing I could think about is the current state of the Bitcoin mining which seems not to be profitable, a lot of miners are already in debt and they could decide to shut down.

Having said that, there's high hope for the last bottom price of Bitcoin to be within the $10K - 15K as you stated but it's not happening now and I will advise people to be prepared for the event now.

No offense but this sounds like a rookie question. If you are into trading longer you will see that nobody can predict anything. It's mostly idiots calling huge numbers (up or down) who sometimes are right, but most of the time are wrong. Just look at Plan B prediction...

Yes, I believe no people can spot it correctly but if ever there are then I don't think they will share their predictions publicly because many are going to rely on it making the market imbalance but it would be more fun or has a thrill if the people have no idea if whats going to happen next.

The only sure thing here that we can identify is the bears and bulls as you said. Right now we are on a bear market because most coins value are declining and it stayed there for a long period of time. I like your strategy there by the way of detecting the possible bottom. It was like you are playing a gambling because you are using that over and under words.

No one can tell if we have reached the bottom or not yet, but we can always start to build our wealth with this consistent price decline. Don't wait for the bottom price, as through DCA we can still maximize our purchase and just buy every time the price drops. Although there will be more profits to gain in the future if we can buy at its bottom, but sadly none of us assures as to what could be its bottom price this year.

Actually we willnot know the bottom rate, we will know about it exactly if wehave passed it and the prie continue increasing, there will be the bottom rate exactly after it.\So far, every bottom reached will create a new prediction again about the next bottom or probability to rise up. However, because this is still a bearish market, I don't think that this is the last bottom. We will probably have more bottoms later. That is why why dn't we prepare ourselves with more stablecoins to purchase more Bitcoin by average? 

No one knows either the peak or the bottom which is something the main question that we do have into this market.! If this market was predictable on the first place then we all to be rich by now
because we know on when to get in and on when to get out which is really that impossible for any investment thats why we do keep on making speculation on whats the botoom.
Spotting it would be impossible but we do have different tools and analysis that we do have so that you do have at least the idea on how to deal with unpredictable
market then this would really be a great help.

No one could ever answer that question because you will only know it when it was the lowest cheapest price after it pump back again. It's better to do some TA and analyze the whole price market in the chart you will know where it would possibly drop as a bottom or as ATH. We are all purely speculating here since the market is always unpredictable that's why you got to do what you want to do.

Do some DCA if you see the price is getting cheaper and don't mind if it's bottom already because you will miss your chances to buy cheaper price if you keep waiting the impossible to happen. Take your chances or suffer from missing out.

Splitting your buy orders or doing Dollar Cost Averaging (DCA) during these dumps is the best way to spot the bottom for. I will not aim for the perfect bottom, just in case you will miss it and you will leave behind. The more you spot the bottom, the more chance you will left behind for sure.
Just think, you spot the bottom, but not the perfect bottom.

Even the most expert traders can't answer that question. We will only know once we got there or become a whale and you can control the price the way you wanted, be it pump or dump.

One thing you should look for to have an idea is news about economy or event that you think could trigger the bearish market further.

You cannot tell where the bottom is and anyone that tells you they can is lying to you, there are some people which are fortunate enough to catch the bottom but they were lucky and nothing more.

So what to do? Buy bitcoin whenever you feel comfortable doing so, anyone that buys bitcoin right now will obtain huge profits down the line, however it is not going to be easy if you are not completely sure that you can hold your coins during the time it will take bitcoin to enter a new bull market, which is why most people are looking for the bottom as they want to buy just at the lowest price bitcoin will each and then never having to worry about their investment being underwater, but this is simply an unrealistic goal that most traders will never achieve.

You will never buy the bottom but chances are you will be very happy you bought at this price within 12 months

Honestly, if the only thing that you are worried about is bottom, then it is going to be tough for you. If anyone wants to find a bottom, then get a bottle. Crypto is weird and you will never find the bottom, it will either be reached and you wouldn't realize it, or it will get even further down and none of that would be known beforehand. This is why just focus on what you can do best, and just invest. If you keep on investing no matter whats going on around you then you will be doing quite well, there is nothing wrong with ignoring all the noises. Just keep on buying more and more.

Yes, the market volatility makes it difficult for anyone to tell when we will reach the bottom price but in this current market, the only whales that can control or manipulate the market price are the Humpback whales, not just ordinary whales.

Perhaps but if the market persists in 4years cycles according to market research, it will be altcoin season, and this time most attention is always on altcoin, not BTC.

it isn't that you are missed contradicting everything. When they use the language bottom it means the ending off my cryptocurrency we stop or reach before it will enter bullish. Normal bitcoin don't have direct point I'm falling so since I know cryptocurrency that is no particular falling is called the bottom so using the bottom is exclamation of qualifying a language or statement because because we all know that Bitcoin is bottomless and the value don't have any ending point so it's a Continue to rise out of all

For some reason, I won't say we are at the bottom already or even just about to come. Nothing could say we are in that situation, perhaps, the market is moving up and down. What we have to do is buy more if we can or just ignore if we are not. I couldn't be wise to hurry because of the big discount, We can't be all the time buying every drop we see, sometimes we also have to analyze the market become making a decision.

That is something no one can "spot". No one knows what the bottom is. If we knew what the bottom was, we would all invest during the bottom and end up being very rich.

You are wrong. Just look at the chart and zoom out. You will see after every "crash" crypto currencies eventually recovered.

We are all not fortune tellers and no one knows what will happen in the future. So we really can't be sure where the lowest price of crypto is,
even though now the crypto market has dropped very low, that doesn't mean the crypto market won't drop even lower in the future. Therefore,
it is important for us to analyze regularly, so that we can predict how the market will move. Moreover, the crypto market is very volatile,
so anything can happen, but as long as we are vigilant we will always be able to make the right decisions. So don't be too hasty in making
a decision, doing research and analysis first before making a decision is indeed the best step we can take when deciding to invest in crypto.
The most important thing is never to make decisions based on other people's opinions, because other people's opinions are not necessarily accurate.

Its hard to know the exact bottom since we dont know what will exactly happen next. The price might crash further or bounce back. So those people who buy and then the price suddenly move upward is lucky because of the timing.

If you will wait for the bottom of this bearish season you might miss the opportunity to accumulate. So if you're planning to invest, buy at the price which you think is good for you then hold for long until the bull season.

You are completely wrong, this is the ideal case for the rise of the cryptocurrency, especially bitcoin, of course the bad economic situation has a negative impact on the crypto market but this only lasts for a short period, after that people start fleeing from big economic problems, especially inflation to bitcoin, then the demand for cryptocurrency begins Increasing and the price begins to rise, just as it happened after the spread of the Corona epidemic. At first, the price of Bitcoin fell, but then it rose to historical peaks and achieved ATH. I think the situation we are in now is similar to that.

It's hard to determine whether it's a lower limit at the moment or it could go down again, but the thing that makes us sure that now is a lower limit because today the price is back to $20k, hopefully it doesn't drop below $20k again, and with this fact makes me more eager to buy, I'm sure in July the price will return to $30k.

This is a bottom price quite clear. 

https://talkimg.com/images/2023/06/12/As6AZ.png

Problem is the timeframe over which this price lasts.   For trading its useful but traders tend to sell within minutes quite often so the price falls back.   The blue and yellow line is the 2 day and weekly average price, to really say this was the bottom price then we have to regularly stay above averages like that.   At the very least we have to act positively over a week or really it doesnt count.
  As such its hard to say a bottom price in advance only in retrospect and probably a week or month later its far more obvious.   The best idea to observe a set of low prices which are increasingly higher, then we have hope the lows reflect a growing underlying strength eventually this becomes a more obvious positive set of price action for all observers.


So just purely going off this picture, a big criticism would be to observe both a lower high price despite shooting up it remains unproved so far.   Also a set of lows there, in effect a low and lower low.   So caution advised when it appears like this, its a bottom but requires work to proof.

The approximate bottom can be determined by using various indicators such as RSI, 200 SMA, and volumes. For example, they all show an absolute bottom right now, but that does not mean that the price will not go even lower. It means that statistically with these indicators the price was near the lower limit and then bounced upwards. If you want to find the bottom, you should not think of a daily or weekly chart, but at least a monthly chart.

yes and it comes back again that uncertainty about it. like the provision of Btcoin's lowest support point at 25k but today the price has touched below it. for long periods of time lows are difficult to predict.
looking at the month chart may be a good thing to determine the approximate price of the coin using indicators and also look at the trading volume.

Very difficult to spot the bottom but spotting a range that BTC could hit , that can be done with a little research on the other bull runs so personally , I do think BTC will keep going doing during the summer period and it might do down all year. How much ? hard to say but I don't see Bitcoin price going under 8-9k$.

I also see that some believe that bitcoin hit the bottom 2 days ago but only time will tell and next coming weeks and months.

This is where technical indicators would be significant and could really be that beneficial even though it wont really be giving out assurances that it could really go that way but we know that there's
really some probability as you had projected out basing with those tools or indicators which is far more better on using it rather than on having a pure guess or speculation which other people
been doing. We cant really spot the bottom but at least we had some hints and ideas on where it might be going in next days or weeks or months to come.
We are always looking for the bottom and this is something a common behavior for people to look upon.

Just like how it behaved during the last bear market. We expect one there is a pump, it moves high all the way out but it falls back low again, and we certainly see it now. I was trying to analyze it and have some predictions but it seems to be another failing attempt, I was wrong. It has to say that whether we look at its history or even based on the current position, we can never tell when the bottom comes. We can't change the volatile nature of the market which it unpredictable.

thousand it really won't be possible.
Yes this decline is still continuing but to go down to the $9k point it will never happen and I never dreamed of seeing that bad heat.
We have to be patient to wait for the light of the moon after the clouds dim, even though we have to be patient until next year, what can we do.

The market will still be bullish after a long term bearish season, and i think the people have already seen it coming. However, there is no way that the market will eventually recover easily from this very dump market. There might be further crashes along the way, and that this current price may not be the bottom for bitcoin. But never panic, as big opportunities are always seen when the market turns more bearish. It's just that we have to take advantage and start buying with the current price, or so DCA, as no one gets to know what is the bottom value of this bear market.

It's hard to tell. In fact it is a volatile nature of market so no one knows it if we are really reached the peak of crypto in downside or maybe there is more to continue going deeper? It is really hard to tell. The current world financial system shows no signs of recovery and the bearish seems has a very long way to go. But, you can take advantage this moment to buy while it's dip.

many speculations has been flying tha bitcoin at twenty thousand is not strong, and when you see it chart, it seems like bitcoin is experiencing down fall seriously and continuously. Right now the value is nineteen thousand (19k) and their is every tendency that Bitcoin can experience more downfall this period. I believe that when it experience or the movement in price skip twenty two thousand (22k), it's obvious that it will continue to rise. But it's experiencing and pointing arrow downwards.

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.
So if you listen to me, buy the coins, when you see there is great potential in the coin to rise and will give a good profit if rises up.
That’s my way of thinking, and I guess many other members will agree on it.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

The more discounted bitcoin price in a deeper and deeper market charts ... the more investment you need to catch at that price , so you won't feel buying bitcoin at an expensive price tag so do with finding the bottom , that's the only way ... otherwise you might surrender and sell your own bitcoin at a cheap price.

We are still trying to break the $20k bearish and failed now, let's see are we going down deeper below $17k or not.

Price is recovered above the 2 day average to end the week.   Its very short term measure but easy enough to stay optimistic until it falters.  Hopefully we beat weekly average next at 20k and consolidate at a higher level.  All of this is occurring above support level (lows of the last week) which lends some idea we can continue to build.

Even though I know what you said is true, most investors with small capital can't afford that. Their fund is too low so they want to squeeze out every possible juice they can get to increase their profit margin. Or even try to DCA only when it comes close to the bottom as much as they can. So it always has that kind of investor who tries to spot the bottom no matter what.

Now, that's a recipe for missing out on the ride when it begins. We only get to find a bottom on hindsight, not while price is currently at that point. Come to think about it, no one has to buy one Bitcoin to become an investor. Just buy the fraction your cash can allow you. The idea of trying to maximize your entry price so as to get in at a ridiculous price level may not always work out. That's my point. If you like a project/token/coin, once price drops appreciably; get in. Don't care much if it will drop further. Just be consoled with the fact that there were others who bought at a much higher price than you're getting it.

We can't say as to where bitcoin price is heading because simply its unpredictable and there is nowhere we can tell if its already the bottom or not. So the challenge here is just to take advantage whenever you see the price is dropping because its certainly a good time to buy. It could mean an edge for those who have prepared funds to buy because it only means increasing the volume of bitcoin in their portfolio, while those who have no funds to buy could only stay calm and patient while watching the market, and should always avoid panic selling.

How can they detect the price is close to the bottom when they don't know what the bottom is.  No one can tell that the last price is the bottom because no one really knows, they can only guess.  Anyway, even with small capital, investors can DCA by buying a little every dip or lower lows.  We don't need to buy a whole or a half of BTC just to DCA, we can buy thousands of satoshi and accumulate from there.

A good strategy should not depend on knowing where the bottom is.
Finding the bottom with any certainty is impossible.

Luckily Bitcoin will always rise so the bottom is actually only an optimization if you are hodling for >4 years...

It was indeed to say that many were trying to speculate on the market and even rely on it, however, it was a failed attempt and they miss it again.
Well, the truth is that even though we are in the market the whole day 7 times a week, still, we can tell the bottom price nor even say when it comes as it is absolutely unpredictable. Thus, if we can afford to buy it now, that was a good idea and nothing we have to regret as we know that Bitcoin will up soon as this bear season end.

The bottom is a temporary state which doesn't last too long, because it is suddenly surprised by a bullish tendency, mainly motivated by news (the media) reporting an important event happening in the world which will consequently impact finances, or by whales lead by those news or simply because they decided it's time to pump bitcoin again. Even the big players don't know where the bottom is, until they decide it's going to be now!

For everyone else, it's advised to take advantage of the crashes in crypto prices to acquire more coins and forget the perfect bottom, because chances are against you, and it's very unlikely you will accomplish entering the market on time, if trying to predict the dip.

This is especially true when bitcoin fulfills our predictions, it was not long ago people were thinking about bitcoin reaching 250k or even a higher price and while it did not happen it still reached a very respectable ATH during this bull run.

Is it going to make any difference if we bought at 20k or 15k years down the line? Except for some additional profits the answer to that is no, the moment to buy is now and anyone not doing so waiting for a cheaper price could regret their decision in the future, as even if a new bottom is reached there is no guarantee they will recognize such drop as the true bottom and they could waste their chances of investing in bitcoin for such a low price.

I have to say that the best thing we could do right now would be expecting it to get there again. When the price is going up, if you keep on considering it will fall, then you do not know when you will be right and when you will miss out on the profit. I mean when it's at the bottom prices like right now, you can buy now or a week later and you will probably profit one way or another.

However when we are in a situation where it's basically the top, then how would you know if it is the top or not. When it went from 3-5k ranges to 30k, wouldn't you call that a top? Or when it did to 40k? 50k? 60k? They all looked like top, so it's really hard to know what to do in that case.

All of us who do deal into this market did really make out speculations on the time we do make out engagement into this space where it cant really be possible for someone to know on whats the bottom.Market is unpredictable and there's no way for you to know on where prices would be heading and this is where analysis do comes in and it would really vary on each person since there are some which are experienced
and there are some which are noobs or doesnt really have a good grasps into this market. Spotting and taking decisions on point do really differs because several conditions and factors could really mainly
affect someones input and possible actions ahead depending on the scenario that they are facing on.

Perhaps, the market wasn't designed to become predictable, it was an indeed unpredictable trend. But as we are in this bear season, the majority will just think about the negative, more dumps, bottom price, and I understand that. However, we shouldn't have to keep that kind of mindset as this will also influence our decision-making which leads to the way of not seeing the potential of the market but indeed just a negative view.

up until now, the market is indeed unpredictable. even using all the charts analyses that you know of, or TAs won't give you a precise calculation of what will happen next. you are just relying on what the market will offer and hopefully, the news that you are reading will have an influence on its price. still, you can't pinpoint a single factor that will majorly impact the price of btc in the market.

Some experiences can be a guide, I often see the community at Bitcointalk say that, but it can be a guide or it can be wrong.

For me it tends to be more what the community says here, I've ignored how people say about the crypto market, the lows or you can see in the next few months, the result is correct and i am sorry for that, maybe i will consider as you said, i believe the lowest crypto market is still going on.

Not really bad to look at on others suggestions and real time experience for them to tell into the community which you could really possibly apply it to yourself specially when you are just starting up then getting ideas from others would be ideal but of course you shouldnt really make yourself to be that easily get hooked on any advises you would really be able to read on and always be still careful on dealing with shills
and fomo calls.

Just bare in mind that there's no indeed guarantees for price prediction calls on where we cant really be sure on where it would be heading on speaking with bottom prices.
Its always been unpredictable and there's no way for you to spot it out.
Somehow using some analysis and fundamentals which we do at least able to get some idea on where price could possibly actually go.

Which is precisely why trying to employ a strategy that tries to identifying bottoms or tops is such a waste of time because we don't really know how high or how low the price of bitcoin can go because that depends on too many factors that are impossible to quantify.

So with that in mind, it is better to employ a strategy that allow us to enter and to exit the market at a reasonable price, a strategy like that is way more realistic and more importantly it is also profitable, which is what traders are actually looking for since finding the tops and the bottoms has always been a means to an end and nothing more.

actually many people is expecting Bitcoin for increase how above the levels it's right. Because what we expected this year is not what we are seeing concerning cryptocurrency starting from this year the market of cryptocurrency get bad because of unknown reason and unknown prediction. Everybody expected Bitcoin to increase from the initial price to clamps a little bit starting from this month. I believe that the price will encroached to thirty thousand (30k) but base on what I'm experiencing in cryptocurrency right now it seems like the price will fall again before it will rise.

We can only predict that the market is in its bearish state, but there’s no way that we can tell if the current price is already the bottom or not. Because if we only can, then everyone will be in panic buying and accumulate as much as they can. But the market is hardly unpredictable. Looking at the market scenario right now, I can only tell that there are more low prices waiting ahead, we just have to be patient while waiting for it.

One of the clues is the wider picture and I tend to agree BTC is suppressed so long as Dollar index value stays at twenty year highs.  DXY is only relative to other fiat but for now thats all it takes for BTC to be seen as weaker despite usage in Japan when YEN has fallen and vs EURO BTC has done better then dollar.
   The clue for BTC starts quite subtle, rising lows that dont retreat.  I find that over months is more reliable then a price which stays volatile and moves fast even upward but the direction will still often switch back down.

Besides the crypto market being difficult to predict, we are not all forecasters who are able to know the future. So it is indeed impossible to know
the lowest price of crypto, we can indeed do research and analysis to predict the movement of the crypto market. But the problem is that no one
can predict the market accurately, so there is indeed a big risk when deciding to invest in crypto. That is why it is highly recommended to use
the extra money we have for investment, so that when the market moves not according to our predictions, at least we can still be patient holding
until the market recovers.

If we look at Bitcoin now dropping back below the $20k price again, it looks like there is a possibility that the crypto market can still drop lower than
the current price. So stay cautious investing in the current situation, and never panic if after we buy, the market suddenly drops lower. As long as
we don't sell at a low price, we haven't made a loss, and we should not doubt that the market will recover. So indeed we have to be patient when
facing the current bear market.

Crypto Bottom? It's impossible to find out.
Let's take Bitcoin for example. We might predict what can be the bottom of Bitcoin, but not with 100% accuracy because nobody knows for certain what will be the bottom of Bitcoin.

Good thing about it is that, the bottom of Bitcoin is going higher every time it goes into bear market. In 2018, Bitcoin went down to as low as ~$3,000 before it went up higher. Now in 2022, we've seen Bitcoin go as low as $17,000, and we might see it go lower even more. After 4 years, we might see Bitcoin entering a bull market again with a higher ATH and after that, a bear market will happen but with a higher bottom so overall, we are seeing a higher bottom.

Just do dollar cost averaging instead of stressing yourself and spotting the bottom.

nothing knows exactly when this happen mate but what we need to do is spot our readiness to buy , because in any form there is no way that we can spot the exact bottom but at least we are ready when the turning happens.

but the only thing that you will be safer is buying bitcoin and not to shitcoins .

Still not considered to be safe because even Bitcoin does still impose risk and we know that crypto investment doesnt really give out guarantees but basing on what the community had been mainly supporting after a decade time then there's no doubt that Bitcoin would be the best choice.

Whenever we do have plans on buying on the bottom then it normal that we should really be that prepared on entering the market even though not on that precise bottom but at least
we are really near on it because knowing the exact price cant really be possible.

There are even talks about 15k price bottom?
https://www.coindesk.com/tv/all-about-bitcoin/apifiny-ceo-dollar15k-a-good-level-for-bitcoin-bottom/

The market has not recover yet and crypto prices are still declining. Well, what can we expect from a bearish market than to see everything in the market falling apart. And assume that the whole market will even face future crashes if the bear market remains. But regardless how deep the market right now, still we can’t predict the bottom of this price declining. The crypto market remains unpredictable as it is.

Being unpredictable is one of the good thing out of cryptocurrencies. Very few get used to it at the beginning days of using bitcoin. With time they slowly start to understand how things happen with the market. For now more bearish sentiments are around the market. The same can make the market continue its bearish move along with periodic uptrend in the market.

The bottom and the top price of the cryptocurrencies can be well read by the users who are good in understanding the market movements chart. Learning to understand the charts makes a person good to analyse and understand the bottom and top of the market to some extent.

Until now, we can't still say that we have already reached the bottom. It was still an assumption of being there as we are not really sure about the incoming. But, I'd rather keep being positive and never think about that thing as it won't help us instead it only drags us down. Buying during the dip is still a great idea and we have to keep that mindset rather than being bothered if there is a huge dump to come. Dealing with the current market condition is somewhat the best thing we can do, not this bottom.

If people can spot the bottom then people will stop buying a crypto and just wait for the price to crash which is very impossible. Instead of waiting for the bottom, why not do DCA or dollar-cost-averaging. Divide your investment to many portions like 3 to 5 and set a target price to where you want to buy. By doing this, you also reduce the risk of losing your investment instantly in a single dump.

Where will be the bottom and where will be the highest, everyone wants to know this, but unfortunately no one can know. All are just predictions based on each investor's experience and knowledge. You shouldn't waste time looking for the bottom of bitcoin,  it will not give accurate results but just waste your time and miss the opportunity to buy bitcoins at a good price. Buy when you feel it's the right price for you and your goals.

It is true that the present world has suffered a lot of losses economically. If we look at the developed countries, we can understand that the rate of inflation in their country has increased a lot. This is not desirable at all and they are feeling the state of Bitcoin as a result. We have to go through this bad period for many more days and then we will know whether the situation is better or worse. Now we should not do any major trading at all. Always be alert because anything can happen anytime in the market.

I agree with you, because buy bitcoin at your own wish will really help you to focus on the market price than listen to people prediction in this season of bearish which the market price can change at anytime. I bought a huge amount of bitcoins at my own wish when the price decreased to $20,000  because I believe that is the minimum the price will reach in this month of July before the price will increase higher for both long term traders and short term traders to start earning from their investments.

this is a big "IF" right? because the reality is that none of us can really track which time or when would be the prices not only of bitcoin but all coins that will be bottoming or increasing .
that is why this place is where to invest with trust and with risk and we all should understand that.
yes there are more dumping than pumping but surely one of those will come in certain time.

I'd buy Bitcoin without thinking about the bottom price as it doesn't matter to me. As what I'd consider most is buying them is a cheaper price which I think it was it a good idea, and to perfectly buy at the bottom price is somewhat a bonus for us since it was really unpredicted and even we don't know it.

But as for now, it was still in the uncertainties if we are going to the bottom or if we are done already. But just I've said we don't get focus on the bottom, instead, take this opportunity now to accumulate more.

Personally, this is how I'm attempting to confirm the bottom in Bitcoin this bear market. Not buying the bottom, but confirming it, even if it means an average price 20-50% higher than the low.


There is no single indicator to rely on to confirm a bottom, as still the price history is too short with only 3 bull/bear market cycles so far. However a combination of difference indicators that are in confluence with each other can be a good start. Using these 5 metrics, it would have confirmed a bottom in 2019 at $3,835 and in 2015 at $245. Even if this is considerably higher than the actual market lows.

The other reality is that it takes months to form a bottom, for example these indicators took 3-7 months to do so previously. So bottoms aren't formed overnight, or clear when they first appear.

We all know you cant pick the bottom and the top in this market but I always consider laddering in the market at certain times in the cycle, the world economy shift my purchase to next year, around a year to bitcoin halving. Technical analysis have not proven the best factor to make decision. It is important to hold cash throughout the market at least at 5-10% of ones portfolio to always have to buy from the market dip. Who could have seen the March 2020 dump?

Bottom or peak, there's no way or no one would able to spot out that area because this market is totally unpredictable and totally random.Spotting the bottom or peak cant really be possible.

Making up decisions basing on your own analysis and skills will really be varying on you and risk taking will be the main talks on here.Spot the bottom is the hardest thing to be done
but somehow it cant really be impossible yet there are people who are really good on making up decisions despite of such condition.

Thats why trading and investing is not really something that you do simply put up money and just simply wait.There are lots of considerations you would need.

I will say that some certain things we portrayed here are not formatics. Because i believe that cryptocurrency does not caused any inflation to any country. Because bitcoin is not only the source of generating income to any country per say. I believe that Bitcoin is not even been recognized in any every country across the world. From my observation we have to research before posting.

Trying to determine the bottom will not help us own more bitcoins but sometimes also make us lose the opportunity to buy at low prices. At this point, it is clear that bitcoin price has dropped a lot compared to ATH, which makes it a good time to buy.

There are no specific rules about buying bitcoins, meaning we can buy in any quantity and at any time. So, as long as we have a clear strategy and divide the purchase amount into several times, we will buy bitcoin with the best offer.

absolutely correct , we must have an standby amount so we can easily buy again when there is a dumping happens , or at least  have some funds to use when there is emergency things that we badly needed to use.
so our inside funds in crypto will not be wasted specially in market like this now.