Bottom?

[GreatArkansas]

Honestly, I would like to hope that this is already the bottom, and then only growth. But, I wouldn't be so sure about that just yet.

this is the bottom of bitcoin this season, but from some people speculation it's quiet understandable that bitcoin is not going to fall to the people prediction, because they are expecting Bitcoin to reach or fall below nineteen thousand, i don't think it will reach like that, because i believe everyone is just making analysis of their choice because of the critical condition of cryptocurrency now.

Everything is possible these days especially when Bitcoin started to fall below $20,000.
When Bitcoin started to fall by $30,000 this year, I am not expecting we will see $20,000 but look now, Bitcoin is fighting to stay above $20,000. That's why you should be expecting a lot of things in Bitcoin, that's how Bitcoin volatility is.

[sanwo]

Looking at price action ATM on a HTF,  I won't be wrong to say that this could be the bottom

Based on TA, there are several reasons to say that we have bottoming here.

Nevertheless, because market can stay irrational longer than you can remain solvent, then it won't be surprising to see a violent wick down but still doesn't close below the current level on weekly
As usual, these are not predictions but opinions based on PA.

Finally, we now have a very very difficult task ahead of us technically, and that is getting back above 40k

Don't be surprised if we just range between 16k and +40k for Several Several Months

And if this is not the bottom then expect winter because there's also a very scary chart pattern that makes us really want to see price get back above 28k.

[worle1bm]

They have purchased bitcoin earlier also so was that bottom sign? No,thier huge investment could push the prices little up but there's no guarantee that they will not go any further like any negative news could effect it even worse.At this time prices are in $20k range and they can go up or down don't know exactly.

[Rufsilf]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

No, you can't just draw such a thing as even these buyers haven't known yet. They just take the chance and they still buy more once the price move down again.

It couldn't be the reason as some institutional investors/whales have bought some below $19k. As if that is only our basis then we can say that the market is manipulated which is not. Only we can see of the market itself shows some significant uptrend motion.

[Natalim]

They have purchased bitcoin earlier also so was that bottom sign? No,thier huge investment could push the prices little up but there's no guarantee that they will not go any further like any negative news could effect it even worse.At this time prices are in $20k range and they can go up or down don't know exactly.

On the other side, they are looking at the opposite view of the market and what they will possibly get after this. In fact, El Salvador has been doing this, though we thought that they don't have such long market experience, however, I think they already know what they are doing... that is absolutely right. As you are in this form of investment, you shouldn't have to miss the great opportunity as it sometimes never happens again.

[TheUltraElite]

They have purchased bitcoin earlier also so was that bottom sign? No,thier huge investment could push the prices little up but there's no guarantee that they will not go any further like any negative news could effect it even worse.At this time prices are in $20k range and they can go up or down don't know exactly.

I think the speculation is on a high point instead of actual movements in the market. While speculation leads the market, it is not happening right now. There are times like this where stagnant markets predominate but they gradually change over.

I don't think there has been a huge impact though. Whatever be the effect it will probably be forgotten. Right now we need a trend changer which happens gradually.

As for buying when some celeb is buying - I would say no. Because influence leads to bad choices.

[South Park]

Honestly, I would like to hope that this is already the bottom, and then only growth. But, I wouldn't be so sure about that just yet.

this is the bottom of bitcoin this season, but from some people speculation it's quiet understandable that bitcoin is not going to fall to the people prediction, because they are expecting Bitcoin to reach or fall below nineteen thousand, i don't think it will reach like that, because i believe everyone is just making analysis of their choice because of the critical condition of cryptocurrency now.

It is difficult to know what it will happen, the next bull run is very far away so it does not seem unreasonable to think the price can drop even further than what we have seen already, after all the price is barely above 21k and it does not show signs that it is going to recover significantly during the next weeks, besides even if those which have a great deal of money are buying right now they are doing it in such a way to not bring the price up, as they prefer the current lower prices so they can buy all the bitcoin they can with the fiat they have available.

[sklopan]

It's so interesting to follow similar topics The most interesting thing is that for many, the concept of the bottom diverges a little from each other. If someone thinks about the bottom at around 19, then for some, the bottom is at all at around 0.

[jrrsparkles]

You asked a question that can't be really answered unless someone from the future came back to the past and accessing this forum and saw your question and answer for it.

Well, based on the analysis yes but it can be wrong as well so just decide that and purchase Bitcoins.

[hashrateproducts]

It's so interesting to follow similar topics The most interesting thing is that for many, the concept of the bottom diverges a little from each other. If someone thinks about the bottom at around 19, then for some, the bottom is at all at around 0.

The bottom is still yet to come because many traders are still hoping for the further dumping of Bitcoin from $19k to $10k while others are waiting patiently for it to hit $0. Isn't that unbelievable? Yeah it is. Bitcoin fall all the way from $69k to it's current price, when the whole people thought Bitcoin will make it to $100k price, that was then the beginning of it's massive dump and cost people to lose heavily in the market. Let's wait and see what the coin will hit next in the next bearish season.

[danherbias07]

You asked a question that can't be really answered unless someone from the future came back to the past and accessing this forum and saw your question and answer for it.

Well, based on the analysis yes but it can be wrong as well so just decide that and purchase Bitcoins.

Correct. And it's not up to two personalities or 1 country that has "recently" used Bitcoin as their legal tender.
The movement depends on demand and purchasing powers but I don't think the names given have that, for now.
When the war started and the economy fell for many nations where I always blame for why Bitcoin fell but that's not the entire reason behind it, maybe just a part of it.
Bitcoin has a history of corrections every time it reaches a new ATH and it's happening again.

[Silberman]

It's so interesting to follow similar topics The most interesting thing is that for many, the concept of the bottom diverges a little from each other. If someone thinks about the bottom at around 19, then for some, the bottom is at all at around 0.

The bottom is still yet to come because many traders are still hoping for the further dumping of Bitcoin from $19k to $10k while others are waiting patiently for it to hit $0. Isn't that unbelievable? Yeah it is. Bitcoin fall all the way from $69k to it's current price, when the whole people thought Bitcoin will make it to $100k price, that was then the beginning of it's massive dump and cost people to lose heavily in the market. Let's wait and see what the coin will hit next in the next bearish season.

At this point anything can happen, however the possibility of yet another drop is in fact there and I think it is more likely than a large increase in the price of bitcoin, and while this may seem as if it is something bad this is not really the case as this will give us the opportunity to buy bitcoin for a very low price, and if we take advantage of the opportunity then the profits we will obtain during the next bull market will be impressive.

[LUCKMCFLY]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

So when they bought it when it's not this price we can call that a bottom? Of course not, they're just the celebrity speculators and Bitcoin maximalist, and they don't have any crystal ball to tell it's the bottom or the top. This is the reason sometimes people weep over their investments.

Well, we could think that they have bought BTC because it is relatively cheap, and compared to their last ATH if you buy at $19k and then increase to $70k it is not a bad deal, in fact it is one of the best deals you can do with a ROI possibly less than 3 years, and if they are people, countries that have how to do it, why not do it? although to move the market you need to move with at least $1500M to see some movement and that the charter is seen somewhat, but meanwhile with few BTC it will not move, if it serves to generate more money in the future, and not I really believe that the btc will fall more.

[jossiel]

Correct. And it's not up to two personalities or 1 country that has "recently" used Bitcoin as their legal tender.
The movement depends on demand and purchasing powers but I don't think the names given have that, for now.

Yes, it would have always been with the demand that shows the market whether we're on low or high.

When the war started and the economy fell for many nations where I always blame for why Bitcoin fell but that's not the entire reason behind it, maybe just a part of it.
Bitcoin has a history of corrections every time it reaches a new ATH and it's happening again.

That had became a domino to all. And this worry has also started during the pandemic and we thought that instead of getting into the bull, an unstable and bear market would have come out by then.

Now that we've experienced the fall of the market, we just need to wait until how long it will be this low.

[GeorgeJohn]

Honestly, I would like to hope that this is already the bottom, and then only growth. But, I wouldn't be so sure about that just yet.

this is the bottom of bitcoin this season, but from some people speculation it's quiet understandable that bitcoin is not going to fall to the people prediction, because they are expecting Bitcoin to reach or fall below nineteen thousand, i don't think it will reach like that, because i believe everyone is just making analysis of their choice because of the critical condition of cryptocurrency now.

Everything is possible these days especially when Bitcoin started to fall below $20,000.
When Bitcoin started to fall by $30,000 this year, I am not expecting we will see $20,000 but look now, Bitcoin is fighting to stay above $20,000. That's why you should be expecting a lot of things in Bitcoin, that's how Bitcoin volatility is.

What we should we expect in Bitcoin is the increment that involved in cryptocurrency and their special in Bitcoin, because right now more person or investor that is ready to lose it's investment. Yes we all know regulation of cryptocurrency. Especially when the price is high and when the price is low. As investor what will have in mind is the acceleration of cryptocurrency not the degradation of cryptocurrency. The price is not fixed is something that is changeable so we don't have to passion blames

[JollyGood]

Since you are posting from a newbie account I have to welcome you to the forum but I suspect this is not your only account 

Regarding the bottom is nowhere near comment, what are you referring to? What was the motive for creating this thread when it literally has no meaning at all. Can you elaborate?

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

[AnonBitCoiner]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

If you are not a day trader you shouldn't even care! You know it's going back up within the next 2 years so just buy,hold and take profits on the way up.i have 2 different buys.one is hold for long term and the second is take profits on the way up

[carlfebz2]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

If you are not a day trader you shouldn't even care! You know it's going back up within the next 2 years so just buy,hold and take profits on the way up.i have 2 different buys.one is hold for long term and the second is take profits on the way up

You are definitely right on this one on where if you are a long term holder then these movements wont really be an issue because you would be holding for future years and the selling point wont really be that a

stressful thing for you to do so but everything changes or different story when you do make out short trades and speaking with bottom then we had presume that 17k was the one but we cant
really be sure since we are still sitting around 23k+ as of this moment.

For now its not really that bad to make out some consideration on getting in on the current price while its still cheap and overlooking on the ATH then its not really
a bad for you to get in with these cheap prices.

[Christopher Andrews]

That may or may not be the bottom. It’s hard to tell where the market will lead to. Let’s wait for the future to decide this.

[LUCKMCFLY]

Honestly, I would like to hope that this is already the bottom, and then only growth. But, I wouldn't be so sure about that just yet.

this is the bottom of bitcoin this season, but from some people speculation it's quiet understandable that bitcoin is not going to fall to the people prediction, because they are expecting Bitcoin to reach or fall below nineteen thousand, i don't think it will reach like that, because i believe everyone is just making analysis of their choice because of the critical condition of cryptocurrency now.

It is difficult to know what it will happen, the next bull runs is very far away so it does not seem unreasonable to think the price can drop even further than what we have seen already, after all the price is barely above 21k and it does not show signs that it is going to recover significantly during the next weeks, besides even if those which have a great deal of money are buying right now they are doing it in such a way to not bring the price up, as they prefer the current lower prices so they can buy all the bitcoin they can with the fiat they have available.

What happens is that uncertainty attacks traders and investors a lot, not so much traders, because traders can operate in any direction, because they are dedicated to winning in any market direction, I think everything is focused on investors and those who want to buy BTC, many believe that the bottom has already been reached this time, but we cannot rule anything out yet, there are many rumors that a recession is just around the corner and if this happens it is likely that the BTC price suffers and may go even lower than last time, I hope it doesn't...yet.