Did we just bottom out?

[topper26]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

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[alyssa85]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

It's too soon to say. We could have another move downwards - the $7800 line will be tested a few more times. Prepare for a wild weekend.

[fabiorem]

Didnt see it on 7000s.

If it bounced back, maybe we might go up, but the chinese new year is not here yet. It can be a bull trap.

[bamboylee]

It  is slowly recovering but I do not say we are out of the woods already. It has been this way the whole january, it will recover by weekend and fall on weekdays. It may recover a bit this weekend.

[trickyriky]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

All this hype around Bitcoin and altcoins will never let traders and investors sleeping these nights. However, there is still a possibility the bottom is not reached yet.

[MiLkz]

I personally thought the bottom was going to be ~$8k.  I don't see good things happening if we test it again 

[Gameroid]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

It's too soon to say. We could have another move downwards - the $7800 line will be tested a few more times. Prepare for a wild weekend.

Bold and patient investors will always bear the situation in a good mood. We have so many experience in past, when China banned ICOs and the price fell down to 1800$, but after that there was a boost and rapid increase in bitcoin price, i think same is the situation here and we need to take a right decision in such panic and crucial situation because our future is depending on such decisions.

[vintages]

This is the time to brace yourself, for we will or might be seeing another big dip or price crash in weeks to come. Please let's not panic but buy and hold on to our coin. Just know that whatever price we are having now are just a normal phase and it will come to pass. I see alot of people selling off their coins and I typically feel sorry for them. This cryptocurrency investment is really not for everyone.

[batang_bitcoin]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

It even went back hours ago to $9,100 but it went back again at $8,600. What's on my mind that we just bottom out and it haven't reached $7,500 but it was so close. I'm only hoping that $8,000 is going to be the strong support. This price isn't bad after all the dips it went through but I'm pretty sure that bitcoin will be raging back but in a positive way. We are not even rushing, slowly but surely it will be healthy.

[criptix]

We will have one more leg down and then bottom out for now.

Not enough volume yet!

[BitHodler]

I have said yesterday that the bottom could be in the $8500 to $7500 range, and thus far it has turned out exactly like that. I however also think that it's too soon to celebrate, so we'll have to wait a few more days.

I personally hope that we'll be consolidating at any level above the $10,000 mark in the coming weeks, but the main thing this market isn't really firm on the support ~ support levels don't seem to form any barrier at all.

But hey we're still standing far higher than last year on the exact day. Lowest price last year was ~$750 and this year $7625, which is quite a similar pattern, and one that may turn out to be everything but coincidence.

[dothebeats]

Bottomed, for now, but I do think that we're still in for more surprises in the coming days considering that there isn't enough power on the buying side to combat the selling pressure from the bears. It seems like they're trying so hard to get those coins from the noobies and are trying to create some panic in the form of fake news from India and South Korea. The price currently holds @ $8600-$9000 range and haven't visited prices lower than that in the past 2 hours or so. No incentive to go down harder or go up a bit, so this would be a stalemate for a few days between the bears and the bulls.

[sjefdeklerk]

bearish pattern head and shoulders now, will make new lows soon

[FLoving]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

It's too soon to say. We could have another move downwards - the $7800 line will be tested a few more times. Prepare for a wild weekend.

The space is now clear for bitcoin the traders are earning now with ease now the investors are thinking to put their money with which they were waiting for a good time and now I will say is the good time and now everyone knew that not any news can harm bitcoin forever so it is foolish to our coin with any news cracking on bitcoin. The price of bitcoin will increase in any way and those who will sell will lose their hard earned money. while those who will wait and will hold for longer will get the real benefit.

[spazzdla]

Went as low as 7800 back to 8200 now. Pretty wild day 100 billion loss for all crypto in 24 hrs

NEGATIVE.

Bottom target of $2-4k.

Why? Because this shit moves way to hard in both directions.

I do not recommend selling, HODL tight but be ready to buy IMO.  I am.. are you?