Bottom of the Bear Market...let's accumulate!!

[Kemarit]

If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

It's like a week since you have posted this and yeah, the upward trend still continues up to this point, $21,000 and counting. There's no news yet like the FTX and hopefully there's none in this year.

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

For sure there are speculators, whether short or long term, who filled their bags last year because the price is cheap. But still though, at the current price movement, we can still consider this it as a discount because we are still in the $21,000. And maybe at the end of the year, this could double as I can see $40,000 or higher this year.

[dunfida]

I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

I think the resistance now is $21k, it seems that eventhough we have broken it, there are a couple of times in the last couple of days that we can't break it or it's hard to maintain that price.

But I do believed that we won't hit $10k as predicted by many before the start of the year.

Because the good thing is that the price suddenly goes on spike, but still though the best time to accumulate because we are still in the $20k'ish price. It's not that we suddenly went from $15k lowest low to $30k, the window is still present for us.

We are really that trying to break that 21k resistance but it do fails and these pullbacks are really that normal but not really that much in huge percentage.Good thing that we didnt go below 20k price but the possibilities

are always there.This is why its not really that something recommendable that you should really be that confident.Always try to spot out those buying opportunities once the market do make out some pullback.

This is where you should be spotting on accumulating which would really give out that advantage if ever we do able to break those recent resistances but of course you should
make yourself prepared about going back on were we before.

[Captain Corporate]

Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

[STT]

Buy on the lows is the ideal but over what time period do we consider those lows.   Today price is breaking the 2 day average which means we reset some but how far will it pullback before attempting higher again.  So long as we keep 20k I'll guess we do try for higher prices but overall I believe in multiple tests so accumulate would be in the depths of those tests to price action.

[len01]

the last few days the price of bitcoin has increased slightly from the level of $ 16k to $ 21k and today bitcoin has begun to decline at $ 20k and according to my speculation it will return to the level of $ 17k. maybe the OP got lucky after creating this thread the price got better for a while.
but it's true what the title of the thread says that bitcoin from $ 60k has fallen to the current price of $ 20k that is the really cheapest price and indeed at this time there is a big discount that is given for us to buy and collect as much as possible before it's too late like bullish previously. I believe that some people they missed out on last year's bullish run and let's get together while there's still a chance.

[Silberman]

I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

At this point I think it is safe to say that 10k is out of the question, it seems 15k was the bottom and at worst we may hit again one more time, but after such a thing happening I would expect for the price of bitcoin not only to remain away from the bottom but also to grow to a point in which the 20k level will be left behind as well, so it seems this is a good moment to accumulate more coins despite the risk of the current correction being a bull trap.

[ethereumhunter]

Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

And only we know whether it is worth doing or not because we are also the ones who have to be responsible for our assets. And because the bitcoin price has reached $20k, we can invest long-term because the potential profits will be even greater in the future. But he can also buy and sell bitcoins at this point for profit but it will depend on how skillful he is at trading. Investing is just a way to make a profit and we will not worry about how much the bitcoin price is today or tomorrow. It is better to choose long-term investments to get the maximum profit.

[TravelMug]

Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

And only we know whether it is worth doing or not because we are also the ones who have to be responsible for our assets. And because the bitcoin price has reached $20k, we can invest long-term because the potential profits will be even greater in the future. But he can also buy and sell bitcoins at this point for profit but it will depend on how skillful he is at trading. Investing is just a way to make a profit and we will not worry about how much the bitcoin price is today or tomorrow. It is better to choose long-term investments to get the maximum profit.

And even if we crossed above $20k, I think investing is still very good at this point, specially if you are in for the long haul. Of course we don't look at the price and not worry if we are here investing for long term. But sometimes it's good to see the price going on positive and seeing a green candle at the end of every week or every month.

So lots of time to accumulate in this bear market (yes, for me we are still in the bear market although we have green candles for this month).

And let see how far this spike will be, hopefully we can see it around $25k-$30k at least.

[Pejoh Asu]

Nice surprise when i was not online for almost a month and saw last week the price reached $22k and now it's still stable at $22k level, the last price i checked a month ago was around $16k, or it's been up more than 35%, hopefully this positive trend continues to make haters silent and stressed because their efforts to make bitcoin abandoned by users have failed.

[Don Pedro Dinero]

Alright folks, unless there is another major crypto company/protocol collapse, the bottom is almost certainly in and there is a good chance Bitcoin will start rising out of this bottom range in a few months.

That is the feeling I have too, that the bottom has been reached, and that we are at prices that we wish we had bought in the future. It is therefore better to accumulate as far as we can.

Nice surprise when i was not online for almost a month and saw last week the price reached $22k and now it's still stable at $22k level, the last price i checked a month ago was around $16k, or it's been up more than 35%, hopefully this positive trend continues to make haters silent and stressed because their efforts to make bitcoin abandoned by users have failed.

We can never be sure what will happen, but unless we have another FTX, the worst seems to be over.