Is $34k the bottom??

[peter0425]

$34K or not. It's hard to tell the bottom price of the Bitcoin market because we are in the season where the chart prediction are mostly not valid though

Exactly. It is very difficult to determine the bottom price of Bitcoin. I am also not sure what the price to be the bottom, it can be $34k or even lower than $34k. The drop in Bitcoin price seems not over, I think there will be another drop to come in the near future. So, because the price of Bitcoin still has a possibility to drop below $34k, we cannot claim it is the bottom price for now.

Actually it already dropped below OP's price as the value of Bitcoin drop down to 33k recently after this post has been made so i actually aiming for the lowest at least 30k.

But Yes none of us can predict what will come , either high or lower than this , yet I care nothing because i expected this to happen this year as the evaluation is seemingly a Bear market for 2022 , and maybe until 2023 till Mid?

[DoublerHunter]

~
Everyone calculates the drop from 20k to 3k but the reality is that the drop was from 20k to 6-7k level like you said, and it even looked like it was about to go parabolic because all the charts showed it and yet because of one idiot rich person it dropped down even more and it took us a year or so before it recovered.

Any difference this time around ? It will be the same scenario, everyone were celebrating when institutional investors were pumping money in the market and those investors can sell off the coins anytime and might drag the market down. So even in this instance anything is possible and the amount of money pumped by a few institutional investment firms is more than enough to drag the market down.

^ There are sometimes we are happy because there are a lot of BTC investors like institutional investors and also those big investors, we don't know that someday they will also our enemy because they can harm the market when all of them start selling their portfolio in the market. When they sell, it will surely move the market price. However, I did not believe the BTC price will down beyond $30k.
We are soo lucky because the price did not fall down that far.

[suzanne5223]

$34K or not. It's hard to tell the bottom price of the Bitcoin market because we are in the season where the chart prediction are mostly not valid though

Exactly. It is very difficult to determine the bottom price of Bitcoin. I am also not sure what the price to be the bottom, it can be $34k or even lower than $34k. The drop in Bitcoin price seems not over, I think there will be another drop to come in the near future. So, because the price of Bitcoin still has a possibility to drop below $34k, we cannot claim it is the bottom price for now.

Actually it already dropped below OP's price as the value of Bitcoin drop down to 33k recently after this post has been made so i actually aiming for the lowest at least 30k.

But Yes none of us can predict what will come , either high or lower than this , yet I care nothing because i expected this to happen this year as the evaluation is seemingly a Bear market for 2022 , and maybe until 2023 till Mid?

@Peter0425, $$33,184 was the last bottom rice but I expect it to go below that before the Q4 of this year market and evaluation the bear market to happen till next year thats if the market still replicates the previous market correction trend just like we always see after the ATH price.
The major reason why the bear trend hasn't taken over the market is the Micro strategy and El Salvador government accumulation whenever the market is dip and Micro strategy make a bullish statement of not selling even when the market is in a blood bath.

[Chato1977]

~
Everyone calculates the drop from 20k to 3k but the reality is that the drop was from 20k to 6-7k level like you said, and it even looked like it was about to go parabolic because all the charts showed it and yet because of one idiot rich person it dropped down even more and it took us a year or so before it recovered.

Any difference this time around ? It will be the same scenario, everyone were celebrating when institutional investors were pumping money in the market and those investors can sell off the coins anytime and might drag the market down. So even in this instance anything is possible and the amount of money pumped by a few institutional investment firms is more than enough to drag the market down.

^ There are sometimes we are happy because there are a lot of BTC investors like institutional investors and also those big investors, we don't know that someday they will also our enemy because they can harm the market when all of them start selling their portfolio in the market. When they sell, it will surely move the market price. However, I did not believe the BTC price will down beyond $30k.
We are soo lucky because the price did not fall down that far.

that is part of the market , this is why crypto is volatile and also can be manipulated , but if we will not contribute on that selling of investors instead if we will keep our funds intact then they will not succeed and market will stay strong even how large their amount of crypto on hand to sell.

[Pamadar]

^ There are sometimes we are happy because there are a lot of BTC investors like institutional investors and also those big investors, we don't know that someday they will also our enemy because they can harm the market when all of them start selling their portfolio in the market. When they sell, it will surely move the market price. However, I did not believe the BTC price will down beyond $30k.
We are soo lucky because the price did not fall down that far.

As per current value, yes, the value didn't fall to that level and now fighting to reach $40K again,

I see that institutional investors who bought from a much higher value might be buying those cheap coins to add in their
holdings, but there's no way to track them all are just assumptions that those investors are not willing to let the market
to dump that hard.

Whatever the plan is behind, we should always have our own assessment and have an appropriate plan to avoid huge losses.

[bitzizzix]

The Bitcoin price is currently holding around $37,000 more after hitting lows above $33,000+ which I don't think the bitcoin price will fall back on.
and according to some analysts said that the correction in the crypto market is expected to end soon, at least in early February and I hope that is true.
and whatever the reason and with the news circulating, I think the bitcoin price is currently struggling towards $40,000, and looks like it will be in February.

[Doell]

The Bitcoin price is currently holding around $37,000 more after hitting lows above $33,000+ which I don't think the bitcoin price will fall back on.

I want also have the same thoughts but q1 of this year is not over yet ,correction might happen again and below 33k hope i'm wrong

and according to some analysts said that the correction in the crypto market is expected to end soon, at least in early February and I hope that is true.

heard a little some expert analysts regarding February ,ah hope they are right february is the middle of q1 which can hit back to 40K could be even more

[Russlenat]

heard a little some expert analysts regarding February ,ah hope they are right february is the middle of q1 which can hit back to 40K could be even more

Experts have different opinions IMO, they are not all bullish or bearish, however, most experts just ride on the current situation, they ride more when the market is bullish because they will make money when the market is bullish, especially those who have plenty of followers on their streaming platform.

The best thing to do is just follow the trend, just check the history and if it suggests that we will remain in a bear market, we should not contradict our belief as the trend will always be followed no matter how unpredictable bitcoin's price is.

[antmex]

No one knows if this is the bottom. I personally think there are more sellers at the moment and price can easily go lower. https://de.tradingview.com/x/DYVcgqc6

[Captain Corporate]

Experts have different opinions IMO, they are not all bullish or bearish, however, most experts just ride on the current situation, they ride more when the market is bullish because they will make money when the market is bullish, especially those who have plenty of followers on their streaming platform.

The best thing to do is just follow the trend, just check the history and if it suggests that we will remain in a bear market, we should not contradict our belief as the trend will always be followed no matter how unpredictable bitcoin's price is.

 I guess that most "experts" are not even real experts, that is the main problem. They are just people who think they are experts but mainly just look at the charts and check the indicators and tell us what it "should" do. Doesn't mean that it will do what it should do, crypto is known for doing stuff that are unexpected and opposite of what people believed in. This is why caring about these type of "experts" may end up losing you money. Plus I have seen too many people who write like 20 coins, then a month later one of them goes up and they act as if they were right all along when the other 19 didn't do so well, their average could be low, or even negative but they will always act their best bet was their only and biggest bet.