Has the Bitcoin Price Bottomed?

[majest3]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

[mk4]

No one knows, pretty much. It could go to probably $5,000 or lower without any warning(thought it's very very unlikely in my opinion). Even though the price pretty much was cut in half since December, it's really relaxing for me to see the price just move sideways. No huge decreases or increases is somewhat calming. It makes us focus more on the technology rather than the price.

[Pursuer]

the bottom was $10k which was half the ATH price, and 50% drop/correction was more than enough to get the market back on track.
however right now the buy support seems to be around $9500 which is holding strongly but that doesn't mean it can not be broken. a big dump by some market makers can simply break it and a simplest of panics will help the drop to become bigger than just a dump. although I don't expect any more big drops after the $5900 bottom which we saw but things change all the time.

[heureca]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

At present criptocurrency market is still on correction. So the best idea is buy and hold at current price. Trying buy at the lowest price and waiting the very bottom of correction is not always good - you can loose bottom and then buy during pump( Also you can buy 50% BTC now and other BTC if BTC price will be lower

[First77]

Is $9350 the bottom and the start of the next wave up?

$2,000 is the start of the next wave 

[pimkobai]

Just an opinion, I think bitcoin price is not yet bottomed and might still experience dip but probably not below $9K USD in the coming days to come. Hoping this will be back on track in few weeks time and would suggest to hold your btc while experiencing red marks in the coming days as this is just a temporary movement in the bitcoin market.

[gune68gune]

No one knows for sure. It could be bitcoin through the lower limit of $ 8000 or bitcoin increasingly soared the price. To be sure the bitcoin users and enthusiasts expect a high value.

[Anisuzzaman]

the bottom was $10k which was half the ATH price, and 50% drop/correction was more than enough to get the market back on track.
however right now the buy support seems to be around $9500 which is holding strongly but that doesn't mean it can not be broken. a big dump by some market makers can simply break it and a simplest of panics will help the drop to become bigger than just a dump. although I don't expect any more big drops after the $5900 bottom which we saw but things change all the time.

[Yaunfitda]

Is $9350 the bottom and the start of the next wave up?

$2,000 is the start of the next wave 

Trolling at its best.


Well it could be the bottom before the next wave or maybe not. Hard to predict dude.

The last bottom was around $5500-$6500 if I'm not mistaken before we blew and get to $11700. And we bounce back then I'm seeing around $14K-$16K would be the next target.

However, there's a possibility that it can go lower to $8800 but so far we are still holding and above the $9K threshold. Let's see how the market moves in the next several day and look how the investors are going to react (to buy more or sell).

[Ranly123]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

It could be the start of the next wave up but then it could also go down because bitcoin price is really hard to predict. The only hope we are holding is to have investors hold and buy to help the price go up.

[Jerald]

I think it's because of the hard fork that bitcoin price is bottom but we should not worry about what we know about the bitcoin price situation, but focus our attention on the good bitcoin for us, if the bitcoin the sauna has a ($9k) USD we also hope to return it to a good amount.

[tetsu223]

its natural in cryptoworld. when the new years coming its natural that bitcoin will go down.

[NJB18]

Very lucky for those people who bought or longed Bitcoin at $9,400. I think it will be an easy $10,000 soon. I am still waiting on how or when Bitcoin can easily break those resistance and break its ath again. I stopped trading lately as I just want to hold most of it long term.

[wxa7115]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

It is impossible to know especially since you are giving a range that is too tight, bitcoin can drop 20% in a day and no one that has been long enough here is going to think anything about it, we will just think as a normal movement of bitcoin but you seem to be worried about bitcoin losing a few hundreds of dollars, at the same time why do you think we are going to get a huge price increase? If anything it seem clear to me we are going to move close to the current prices for sometime.

[Kokondao]

Hopefully it's already the bottom and will soon do a very big bubble rise month, I would like to see bitcoin at the price & 45,000 and this may be very happy to hear.

[vincentong17]

Yes almost, Once bitcoin will come back and will reach the all time high, this will be the year of alts. And expect more massive adoption this year. We are in the second phase of this era. Let's make this happen!

[Thirdspace]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

I'm pretty sure we will see a $6k or close to $7k price level one more time before it goes steady up to $16k
but you can "somewhat" take the advantage (and risk) of current downtrend price
by doing tweaked DCA, buying at $9k (10%), at $8k (20%), at $7k (30%), and $6k (40%) if you believe $6k will be the bottom level
the % is the % of total fund you are willing to put into bitcoin    do it at your own risk and discretion

[Monodont]

I think it's because of the hard fork that bitcoin price is bottom but we should not worry about what we know about the bitcoin price situation, but focus our attention on the good bitcoin for us, if the bitcoin the sauna has a ($9k) USD we also hope to return it to a good amount.

You mean Bitcoin Private? And they sell before the snapshot? That's an interesting point of view, I thought people were nervous about the world leaders getting together to talk about Bitcoin clampdowns.

[samcrypto]

Is $9350 the bottom and the start of the next wave up?  It was a strong retracement level, if it break we could be looking at $8800 as the next one.
I am hopeful of it holding, just wondering what others were thinking?

We cannot say that for now, but hopefully it is. This coming march I think bitcoin will back on its rhythm and go beyond on our expectation. Let's be more patience and bitcoin will survive. Let's just stop on spreading FUD news for sure investors will be back on time.

[Bervelukan]

To make sure we do not know for sure, but I think this is a very good opportunity to start purchasing, and maybe this is the base price for now, hopefully.