Will Bitcoin Reach its Bottom?

[kentrolla]

Looks like he did, he really reached his bottom . All of the speculations were true, seems like bitcoin has dropped a lot this  year and has reached 6000$ . I think bitcoin will fall down a little bit more and maybe he will reach 5000$ Or maybe less.

Yes I agree that but coin has dropped down this year to the unexpected.value of $6000 but we should not forget the fact that bitcoin has gained stability and it has set a boundary that it will not fall behind the value of $5000 which we have witnessed multiple times during the worse crisis like the news claiming that bitcoin will be banned in Korea and India and all.

[simongoat]

A lot of technical analysis experts say that bitcoin could quite easily go down to $5,700. It if goes down further it will fall through support and really drop! TA isn't always right though and a lot of experts say different things. Personally I think we've hit the bottom. Time will really tell though.

[Ansdaoust6]

I think yes and the 5,000$ price of bitcoin that i witnessed this year is exactly the bottom/dip of bitcoin's price. I actually bought some major alt coins during that time because the price of alt coins are also down. If bitcoin will fall down again anytime soon, i think it will not go below 5,000$ anymore.

When did you witness a $5000 price this year? In your dreams? The lowest we have gotten this year was somewhere close to $5800, and no one can actually tell if this is the bottom yet or not, until maybe we have seen a huge reversal, a new ATH and then we can plainly say, we have reversed from here.

It is normal for a market to hit rock bottom where the support is extremely strong before reversing and we may or may not be there yet, as only time can really tell and nothing anyone can do than to just keep monitoring the trend and blending with it.

[finlandais]

It is totally unpredictable,no one can say anything about this.It is all about the number of investors.More will be the investors more will be the price.Many fake news are changing the mind of investors.Some panic sellers are contributing to dump which direclty affect the price of BTC.Even if it fall their is nothing to worry.Have  patience and trust BTC.

[DarkEagleMan]

Apparently, the price of bitcoin has been behaving quite stable after having reached its minimum annual price of $5900 on June 28, and the volatility index also seems to have been reduced considerably. Therefore, it seems much more likely that the price dynamics will remain stable for the remainder of the year, with some eventual peaks up or down, although we should not rule out the possibility of a visit to the $5,000 mark before closing the year around $8,000. A price above this would be great for a year as bearish as this one.

[airdrophunter]

In my opinion, bitcoin has already hit its bottom when it falls down to 5,000$ bracket. Since that price, i never see bitcoin goes lower than that, instead, it propels to almost 7,000$ now in just a couple of hours.

[LieTOme]

i think we have to be always optimist, every body will hope that bitcoin price will high and high

what investors need in the current conditions may be as you say and in these conditions it takes investors' positive motivation to invest in crypto currencies

[sheenaedago]

In my opinion, bitcoin has already hit its bottom when it falls down to 5,000$ bracket. Since that price, i never see bitcoin goes lower than that, instead, it propels to almost 7,000$ now in just a couple of hours.

   We can't think bitcoin's price will dwell at this price, still we have a remanining months of this year. We can't assure on when does the market start to pump up, just bare in our mind the positive thougths and being optimism for the desireable peak will appear by the meantime. So don't lose hope and stand firmly to achieve our goal. And maybe it can hit the bottom by december in this year.

[Farma]

Looks like he did, he really reached his bottom . All of the speculations were true, seems like bitcoin has dropped a lot this  year and has reached 6000$ . I think bitcoin will fall down a little bit more and maybe he will reach 5000$ Or maybe less.

Not sure if it already did but here again are those experts that are predicting that $3,000 - $5,000 should be the bottom.

I disagree, not all of the speculations are true.

the use of bitcoin is now widespread, and is used for various things. of course the price won't dump very quickly. moreover, the development of bitcoin is so big in the world, well, thinking of a very low price is a small possibility, even though it can happen.

[Stolivie]

In my opinion, bitcoin has already hit its bottom when it falls down to 5,000$ bracket. Since that price, i never see bitcoin goes lower than that, instead, it propels to almost 7,000$ now in just a couple of hours.

What is bottom price in your mind? $6000 is the lowest price for bitcoin because if we want more bitcoin to be mined then the price should never fall more than $6000. Is it happens then the production will stop and there would be no more supply in the market. Bitcoin price these days is already on the edge and there is no more space to reduce its price.

[Clemcout]

i think we have to be always optimist, every body will hope that bitcoin price will high and high

what investors need in the current conditions may be as you say and in these conditions it takes investors' positive motivation to invest in crypto currencies

Yeah you are right but some people want big bump in the price again like the previous one. Besides I think that the previous bump was not natural but was created and that is the main reason for collapse. When the price grows naturally and with investment cap it will never drop abruptly. This betrayed thousands of investors and now they are waiting for such bump again.

[MarchToke]

For the past 9 months, bitcoin has struggled to rise again to it's all time high and that made me think that it will not reach again this year. As to bitcoin's bottom price, i don't think that it will also go below 5,000$ mark too.

[marcbitcoins]

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

If that so then hopefully it will be $6,000 to $6,6000 will be the final bottom of the Bitcoin price for this century as there are some predictions that it will fall as low as $1,000 in which the scariest of them all but for now we could see the solid baseline of $6,400 which i believed that this is the final bottom now.

[Sengoko]

In my opinion, bitcoin has already hit its bottom when it falls down to 5,000$ bracket. Since that price, i never see bitcoin goes lower than that, instead, it propels to almost 7,000$ now in just a couple of hours.

I think that bottom of Bitcoin will not go backward than 6k dollar value and similarly many speculators point towards this speculation. Now, current value tells us the exact value equal to 6384 US dollar which is still a low value but it does not mean that either it will go up in future or downward. It has nothing to do with future value and our predictions are also uncertain due to the unstable value of Bitcoin.

[gonzadz77]

Looks like he did, he really reached his bottom . All of the speculations were true, seems like bitcoin has dropped a lot this  year and has reached 6000$ . I think bitcoin will fall down a little bit more and maybe he will reach 5000$ Or maybe less.

Not sure if it already did but here again are those experts that are predicting that $3,000 - $5,000 should be the bottom.

I disagree, not all of the speculations are true.

Take my suggest stop watching the chart and be true hodler. Forget about the current situation about bitcoin and crypto currenices. Be strong and thing postive.

[higgidave]

Looks like he did, he really reached his bottom . All of the speculations were true, seems like bitcoin has dropped a lot this  year and has reached 6000$ . I think bitcoin will fall down a little bit more and maybe he will reach 5000$ Or maybe less.

Not sure if it already did but here again are those experts that are predicting that $3,000 - $5,000 should be the bottom.

I disagree, not all of the speculations are true.

Its volatile it can be up anything i don't think it go below more than $6,000 due to the supply and the demand. I don't consider bitcoin as dead because the price is still high as compare to 2010. True holder never quits.

[wuvdoll]

A lot of technical analysis experts say that bitcoin could quite easily go down to $5,700. It if goes down further it will fall through support and really drop! TA isn't always right though and a lot of experts say different things. Personally I think we've hit the bottom. Time will really tell though.

I still do not believe myself that we have reached the bottom and there could still be some slight chance that we might see the market trying to go test the lower buttons eventually, but that is something I have always leave time and trend to decide and all we can do is wait to see how things will turn out.  We have seen the $5700 - $6k region hold up as a very strong support for a while, but until we are able to start a higher high and a higher low before we can really know if there is a chance to see the market switch to an uptrend. Whether it has reached the bottom or not, we will get to know with time.

Not sure if it already did but here again are those experts that are predicting that $3,000 - $5,000 should be the bottom.

I disagree, not all of the speculations are true.

Well, there is nothing to disagree or agree here as everything just balls down to what the market brings to us in the end and all we can do is to be patient and see how things turn out. No one can see the future, so it is best we leave it there, but at the same time, we can be optimistic based on what we are seeing at the moment and in that case, we just have to hope for the best and expect the worst at the same time, because the market can decide to tend to any direction at this point, and all we can do is just react to it when it comes.

[BoitCoinZen]

In my opinion, bitcoin has already hit its bottom when it falls down to 5,000$ bracket. Since that price, i never see bitcoin goes lower than that, instead, it propels to almost 7,000$ now in just a couple of hours.

I think that bottom of Bitcoin will not go backward than 6k dollar value and similarly many speculators point towards this speculation. Now, current value tells us the exact value equal to 6384 US dollar which is still a low value but it does not mean that either it will go up in future or downward. It has nothing to do with future value and our predictions are also uncertain due to the unstable value of Bitcoin.

Bitcoin is really getting a very good and strong support from the investor’s side and therefore they are not letting the bitcoin price to fell down any more. I hope that from here bitcoin price is going to start increasing its price and very soon we will see bitcoin price to cross 10k which is in fact a psychological bearer for the bitcoin price.

[KingdomHearts]

How much bottom do you really want it to hit. It already hit $5.8k which was bottom, there is no further down than that. Tomorrow price could hit $6.2k or whatever even as low as $6k but in the end that is about it, nothing further will happen. Miners won't allow it, traders won't allow it, even whales won't allow it if its not cool for them. In the long run we are already at what we call "rock bottom" so we can't really go down.

However, the trouble is not going down, its going up. Even though we can't really go down, we are not going up neither, I don't know how much it will take for us to go up but the longer we stay here the firmer our foundation becomes. Staying at around these prices makes all the between prices strictly closed so when trying to go down it would make it harder for a whale to buy all of them. Hence we have a great foundation, we just need to build on top of it.

[stayeduptolate]

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

Sometimes it becomes very depressing watching the price of bitcoin coming down and down from the start of this year as it was in the $20k range in the start of January but after it the price started going down and down and even a few times it have shown a little bit of growth in price but over the long term it is going down and it is preforming in a way that it feels like it may reach $5k by this year's end as investors are shifting towards other investments like ethereum which is also down and is a very good investment.