Will Bitcoin Reach its Bottom?

[roll on]

That is absolutely impossible to happen. Even though we say that most of people might pull back their investment in Bitcoin/cryptocurrency, we should accept the fact that some will still hold believing that it will recover.

[lingwistiko]

Yes, it will reach to bottom but only at 6,000$ mark because the resistance below 5,000$ is real. Bitcoin had fallen 3 times for the past three months but  it only falls to 6,000$ mark and now, bitcoin is back again climbing up and strengthening its market cap and price at 9,000$ today.

[artjomgorelov]

That's right, for the price of six thousand there is support from which bitcoin pushed back and went upstairs.

[taxmanmt5]

Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported

I am pretty sure it will rise more and reach its peak at the end of the year. Its seems bitcoin is loosing its price but if you're true bitcoin fan and believe in technology you have to hold your bitcoin and for, Since only long term invests gives you a lot profits so instead of worrying buy more bitcoin as its a perfect time to buy more.

[whaawh]

That is absolutely impossible to happen. Even though we say that most of people might pull back their investment in Bitcoin/cryptocurrency, we should accept the fact that some will still hold believing that it will recover.

I think that just so no one will give up their investments in the crypto currency. As they say, in the history of world business there was still no such opportunity to earn, which provides for today the crypto currency.

[HaroldFinch]

I don't think it can sink lower than 5500-6000$. Market is very bullish now, but too many people have already invested, decent support is there for sure

[Thanasis]

Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported

I am pretty sure it will rise more and reach its peak at the end of the year. Its seems bitcoin is loosing its price but if you're true bitcoin fan and believe in technology you have to hold your bitcoin and for, Since only long term invests gives you a lot profits so instead of worrying buy more bitcoin as its a perfect time to buy more.

There is no doubt in that the price of bitcoin will increase in the upcoming months,but I still don't know what is the bottom level of bitcoin price.Because it is decentralized so the price will move according to its demand and until now that the price of bitcoin increased a lot when comparing in the long term so we can invest on bitcoin in to long term to get maximum reap.

[BitHodler]

I don't think it can sink lower than 5500-6000$. Market is very bullish now, but too many people have already invested, decent support is there for sure

It shouldn't dip below these levels since they represent bottom on top of another bottom. If it would get broken through then it will indicate that the demand as a whole has significantly decreased.

I am however glad that it's not like that and find it even more of a confidence boost that bottom formations didn't break throughout the last years. It's not for nothing that the correction stopped around the $6000 mark.

Bitcoin will keep growing, but the main point is that people shouldn't expect bull runs or a revisit of all time high levels. There are different market phases all serving their own purpose.

People should learn to accept and respect that even Bitcoin isn't a straight rocket to the moon.

[qwertyup23]

Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported

Analysts will always discuss matters which are currently happening in the world of cryptocurrency. They observe the market, news, and trends which revolve around it and provide the speculations upon such. Though their primary job is to accurately predict its price, no one can really predict the future. They are merely providing information that would at least mitigate the risk of losing your investments in the future.
Everything is doomed to have an end. All aspects in life and in society has their clock towards the end. Bitcoin, on the other hand, has its end too but the foundation it laid into adding revolutionary wireless transactions may be utilized by a different thing in the future (possibly bitcoin or a relevant competitor).

This will only be possible once countries embrace the blockchain technology as a part of their transactions. It may be a long, complicated, and complex process as it needs conformity with the government but all is worth at the end.

[Vinalians]

Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported

YES it happen because of the FUD so many of people with influence and reputation saying that it will be the down fall of bitcoin and they are not understand what they are doing. It will affect the value, People will be selling their bitcoins and that's why it will reach it's bottom.

[EdenHazard]

Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported

I am pretty sure it will rise more and reach its peak at the end of the year. Its seems bitcoin is loosing its price but if you're true bitcoin fan and believe in technology you have to hold your bitcoin and for, Since only long term invests gives you a lot profits so instead of worrying buy more bitcoin as its a perfect time to buy more.

Hold does not specify a person is a bitcoin fans or someone who believe with technological developments. If it's just a fan, someone just fixated on bitcoin only. But I'm sure someone who has bitcoin is those who want more than bitcoin income.

So my advice should not only be fixated just on hold, do to make profit even though bitcoin price decreases. Or can sell it and replace it with altcoin that is not affected by the fall and rising bitcoin price, if it is profitable you can come back again to invest in bitcoin.

[TTITA]

I don't think it can sink lower than 5500-6000$. Market is very bullish now, but too many people have already invested, decent support is there for sure

It shouldn't dip below these levels since they represent bottom on top of another bottom. If it would get broken through then it will indicate that the demand as a whole has significantly decreased.

I am however glad that it's not like that and find it even more of a confidence boost that bottom formations didn't break throughout the last years. It's not for nothing that the correction stopped around the $6000 mark.

Bitcoin will keep growing, but the main point is that people shouldn't expect bull runs or a revisit of all time high levels. There are different market phases all serving their own purpose.

People should learn to accept and respect that even Bitcoin isn't a straight rocket to the moon.

I agree with you, with this correction is good for trading movement, buy low-sell high, and should everyone understand that the current state of Bitcoin price is different from last season that skyrocketed quickly.

[Ewox]

It could, I mean there is a possibility it will reach its very bottom by this month but most people now dont really care not unless if you just got in to the cryptoworld. If it goes down, eventually it’ll go up too. Bitcoin has been known for its volatility and its fluctuations over and over again.

[usekevin]

Now the price of bitcoin is started to raise again. Bitcoin had huge amount of investors,So I personally think. They won't allow the bitcoin to move to the bottom.If you had continue the concept of buy at low and sell at high,you won't lose your money. Till that ,you have to hold the bitcoin for profit.

[Baronggot]

Yes, bitcoin will reach its bottom but only to a certain price and not to the extent that it will go down almost valueless. We have seen how bitcoin has fallen to 5,000$ this year and i think it will never go down deeper than than anymore.

[simongoat]

Funny because I thought btc hit the bottom about a month ago. Looks like we could be in for a new low!

[kevpantof]

That's right, for the price of six thousand there is support from which bitcoin pushed back and went upstairs.

Bitcoin can not reach at the bottom again as we know that the market demand if even comes at the lowest point will never fall the value at the bottom again. The market demand is very high as compared to the last or previous markets of Bitcoin and the average is increasing each year so this is an increase trend and the [price after fluctuations will follow an increase trend soon.

[alex M]

That's right, for the price of six thousand there is support from which bitcoin pushed back and went upstairs.

Bitcoin can not reach at the bottom again as we know that the market demand if even comes at the lowest point will never fall the value at the bottom again. The market demand is very high as compared to the last or previous markets of Bitcoin and the average is increasing each year so this is an increase trend and the [price after fluctuations will follow an increase trend soon.

Yes I agree. I don't think bitcoin will drop and fall to the bottom, though we know how many times its market price or value fluctuations occurred nowadays. I always had that positive feeling and prediction that bitcoin can  win over this downtrend of price and can recover immediately in a month or two.

[Palodar]

Now the price of bitcoin is started to raise again. Bitcoin had huge amount of investors,So I personally think. They won't allow the bitcoin to move to the bottom.If you had continue the concept of buy at low and sell at high,you won't lose your money. Till that ,you have to hold the bitcoin for profit.

It's a more of who can manipulate the price by having many holdings, bitcoin reaching bottom.may not really be possible as it still keeps on recovering whenever it dumps for it is still considered as the main crypto that will give benefits to those who know how to wait.

[bummm]

Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported

Man, I am sure that Bitcoin already reached its bottom, and this stage is over. Now we are all waiting that it will be running ahead: the bull run is coming soon.