How far is the bottom for Bitcoin ? When will it peak again?

[Totscha]

The bottom will be $5348.67 on Sep 26th 2018 at 16:45:34 UTC. Give or take a second. It's a rough estimate after all...

Hard to say about the peak though. Somewhere between Feb 2019 and Apr 2058...

Hope this helps. 

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[rickadone]

After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.

I think about $6k is as low as it will get, I do not see it going to $4k like so many people believe. For bitcoin to go down as far as $4k there will need to be thousands of bitcoins sold at once to cripple the market and other people panicking and selling like crazy.

I do not see how anyone can have thousands of bitcoins and sell it at these prices when bitcoin is so low. It happened only once when mtgox trustee who is probably the only person that has that much bitcoin and still can sell without a worry did it but never been done ever since. So, I think we are at a place where there is no one else left in the market even whales that would be willing to sell that much bitcoin at this cheap prices, hence the only way is up for bitcoin.

[gabmen]

Not all altcoins are shitcoins there are important coins out there that have truly acted on the reasons why it was created just like bitcoin. And again, I personally don't think the price of bitcoin will really go below the price of $5k (though, anything is bond to happen). Moreover, no one knows the exact time the price of bitcoin will peak again, just bear in mind that it will do so but definitely not this year. 

Well that's going to be a good point of discussion there since for me, btc has already bottomed at 5.8k though i agree with you that this year would probably go to the bears already. A good run perhaps to cap the year but not the likes that we've seen last year.

[dothebeats]

I'm more interested in the bottom of bitcoin for this current time frame rather than anticipating for yet another ATH, which I think wouldn't happen in the next coming months even in 2019. Seeing bitcoin's bottom could ultimately give us a great insight as to how strong and resilient the price will be and how far can the bulls go if they decided that accumulating time is over and it's time to do yet another run. Getting a solid baseline matters, and the higher the bottom is, the greater the ATH could possibly be, so if $5k is the absolute bottom of this run, one can only imagine how much would be the new ATH by then.

[eaglewhite80]

If we all know the bottom, we sure won't be stressing ourselves about anything as it would be easy to invest at the right time. We may have hit the bottom, although I still feel otherwise, but one thing is, like you said, from $1000 to $19800 and then testing $5800 - $6k as bottom feels like a good market to me, so, if anyone wants to see it as a death scenario, that is their call.

Altcoins on the other hand,  we all know this is one pump and dump market that is incomparable to the support bitcoin has and even of we have not reached the bottom yet, it would just be a good opportunity to buy more anyway.

[BrewMaster]

why do you want to know the bottom?
if it is for making an investment (not day trading) then you should have started buying a while ago when we hit $6k. it may not be exactly the lowest price that bitcoin can reach but it certainly is a low price very close to it and accumulating at this stage is not such a bad idea.
but if it is for day trading then bottom should not matter to you! it is day-trading not month trading

[rainezerr]

If we all know the bottom, we sure won't be stressing ourselves about anything as it would be easy to invest at the right time. We may have hit the bottom, although I still feel otherwise, but one thing is, like you said, from $1000 to $19800 and then testing $5800 - $6k as bottom feels like a good market to me, so, if anyone wants to see it as a death scenario, that is their call.

Altcoins on the other hand,  we all know this is one pump and dump market that is incomparable to the support bitcoin has and even of we have not reached the bottom yet, it would just be a good opportunity to buy more anyway.

Yes you are right, you should invest a huge amount today while the market prices are still low because in this way you are going to earn more profit when the prices goes back to normal.

[1Referee]

Yes you are right, you should invest a huge amount today while the market prices are still low because in this way you are going to earn more profit when the prices goes back to normal.

Can people like you for once stop considering last year's peak prices to be normal? They weren't normal and current price isn't low at all.

Nothing in the world justifies Bitcoin this year to increase much further beyond current levels without any actual fundamental improvements. We're not going through an adoption boost. We're not seeing any ETF approvals. We're not seeing any fundamental improvements in the altcoin part of the market. Money is stagnant or even leaving the ecosystem due to the bear market. And so forth.

In other words, we should be more than happy with a gradual increase this year, because we're definitely not out of the lower bottom danger zone.

[timerland]

Bitcoin and alts have seen a massive correction since they peaked in December 2017. Some people have predicted this to be the death of Bitcoin and of all the other coins that are collectively categorised as ‘shitcoins’ in crypto terminology. But this is not the first time Bitcoin has seen this level of correction.

If we zoom out, there were at least two major corrections in the past. One in 2011 when Bitcoin fell from $32 to $2 marking a 94% correction and in 2013-14 where it took over 400 days to correct from ~$1100 to $170, which is 85% fall from the peak then. Compare this to 2018 fall from $19,500 to a low of $5850 is only 70%. This is just to provide a perspective rather than claim that it will go further.

Bitcoin Bottom


After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.

Read More: https://zycrypto.com/how-far-is-the-bottom-for-bitcoin-and-alts-when-will-they-peak-again/

I think that the bottom is actually quite close to the current level. The $6k support has been extremely strong and has essentially been the floor for the past half a year or so. Even though I'm still not completely optimistic on that being the final bottom before the recovery finally takes place, I do believe that the actual bottom will not be below $4-5k, if not just at the $6k level.

This is mostly due to the huge buying demand that we'll see at $4-5k, if prices were to ever get that low. It's also why it's such a good time to accumulate right now, with minimal risk and huge rewards.

I agree with the article in the highlighted parts in particular. This bear market is only a normal occurance in the bitcoin's historical cycles. It's not really anything surprising. A bull market will emerge as soon as the prices bottom and the recovery starts, which I believe will happen before the 2020 halving happens.