Time for that Long?

[joulion86]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

[Hui8]

Logically this should be the bottom for bitcoin because we have already lost too much of the money through the market. This could be the bottom for one very important reasons, bitcoin's current market cap is sufficient enough to hold it at this point and thus we will have no more surges than this. For the time being crypto currencies are just creating their small resistance around currency prices as investors are not agreeing to get back into the crypto, the weak hands are still in state of shock and thus everything is stunned for now. As soon as market will see some good 15-20% spikes then people will re-enter and so as the market too.
This is why the bottom has already been reached according to my guess but no body knows whats kept ahead.

[dungthuy]

i dont' know why but i see now the market is make bottom with volume is very low,it means there are a few people want to sell BTC,ETH,there are not many people want to buy BTC ETH.it mean now the market is very balance bettween buyer-seller so i beleive the market will recorvery again,now the market need more good information to the market can go up

[LeGaulois]

Logically this should be the bottom for bitcoin because we have already lost too much of the money through the market. This could be the bottom for one very important reasons, bitcoin's current market cap is sufficient enough to hold it at this point and thus we will have no more surges than this. For the time being crypto currencies are just creating their small resistance around currency prices as investors are not agreeing to get back into the crypto, the weak hands are still in state of shock and thus everything is stunned for now. As soon as market will see some good 15-20% spikes then people will re-enter and so as the market too.
This is why the bottom has already been reached according to my guess but no body knows whats kept ahead.

Because people are losing money doesn't make it the bottom. The market doesn't care if people are in lose or not, there is no correlation to it. With the current situation, Bitcoin could go easily below $5,000 and if that happens it's only a matter of time and could happen very soon, surely during this summer. To add to that, I don't remember the market being good during the summer.

[Kemarit]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

I don't think that we have seen the bottom because the market is  still shaky even though the price went above $6K. I'm thinking that it might be another bull trap in the next coming weeks. I thought that the last bottom is $6500 though, but I'm shocked to see it bottom again at $5800-$5900.

Logically this should be the bottom for bitcoin because we have already lost too much of the money through the market. This could be the bottom for one very important reasons, bitcoin's current market cap is sufficient enough to hold it at this point and thus we will have no more surges than this. For the time being crypto currencies are just creating their small resistance around currency prices as investors are not agreeing to get back into the crypto, the weak hands are still in state of shock and thus everything is stunned for now. As soon as market will see some good 15-20% spikes then people will re-enter and so as the market too.
This is why the bottom has already been reached according to my guess but no body knows whats kept ahead.

Because people are losing money doesn't make it the bottom. The market doesn't care if people are in lose or not, there is no correlation to it. With the current situation, Bitcoin could go easily below $5,000 and if that happens it's only a matter of time and could happen very soon, surely during this summer. To add to that, I don't remember the market being good during the summer.

Yes, losing money right now is not a good measurement to say that we have really bottom. We have lost so much money but still the price keeps going down because of so many negative factors surrounding crypto. Maybe investors really find the price attractive to buy at the last bottom, but it doesn't mean that this is the last bottom we might see this year.

[Trader-master]

I wish this was the bottom. But if you look objectively, it's unlikely now. Need good news. Then we can see a decent sharp rise.

[herurist]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

I think that is bottom but crypto doesn't have positive news/ rumor to raise again. Market only need news/ rumors that can give positive impact to trader/ investor create transactions again. Most people wait with their money to enter market again but without good sign from news/ rumors they will wait longer than before.

[Pursuer]

at this point it is impossible to say. we have no clue to say whether price is going to rise or fall at this point and with the volume declining it may just be that others don't have a clue either. which means everyone is waiting it out and you may have to do the same in my opinion.
we are past the bottom and all that. if anything the current price is way below the real "bottom" and this here is underpriced bitcoin. and that can not last long.

[intoy_victor]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

I think it's not the bottom price of this year but this is only my opinion. Because it's too early to say that price was the bottom there are many months are coming so we have to wait tell the end. No one knows what will happen in the future.

[parlament9]

And about what day we can speak?
For someone the bottom is 6000, for someone 3000, and for someone cost $5 as bitcoin once therefore this question doesn't demand discussion)
My opinion - we won't fall lower than 3000, and new tops in 20,30 and is absolutely close to 100к$, it is worth waiting slightly

[LogitechMouse]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500  

The $6k is a strong support and the market structure. Going below at that price will be a disastrous moment for bitcoin but as you can see, as the price of bitcoin goes below it, buyers quickly bought bitcoins and that is the reason why now the price of it is now above 6k although I think it will not be there for a long time. Maybe some buyers are just shorting bitcoin and they are buying just for quick profit.

For me, if the price goes below 6k and will be there for a long time, BRACE FOR IMPACT because there is a high chance that it will go below on that level more and will continue the downside.

[Zekemporium]

You want to see the bottom? Well there is none basically because when bitcoin started then it started with couple of dollars in the past. That was the bottom of it. So I am not sure why we say current is bottom for the bitcoin instead of the fact that it could drop down even below this price at any time if there is no proper support for it from the investors right now. The bottom can never be predicted, at this point it could either start going up or it could drop even below than this.

[Lucius]

Because people are losing money doesn't make it the bottom. The market doesn't care if people are in lose or not, there is no correlation to it. With the current situation, Bitcoin could go easily below $5,000 and if that happens it's only a matter of time and could happen very soon, surely during this summer. To add to that, I don't remember the market being good during the summer.

We see that price is go low to 5800$ and it stay at that level just a few hours, then it bounce back to 6250$ so it is clear for now that there is strong resistance between 5800-6000$ for some time. I agree that price can go in both ways anytime, and since summer time on northern hemisphere is always in some way "bad" time for crypto, it is possible that even lower levels will be tested.

I am more interesting what will happen in last 2-3 months of this year, can we see any postive changes or we will stay in bear market until some new "big thing" that will couse new pump. Specualtion that big capital is just waiting to enter in crypto markets is something we can read/hear almost daily, I hope there is some truth in that.

[speem28]

Honestly, I don't know anymore. I was hopeful that when the price of bitcoin is starting to fall down from $8k range that it would only go down as much as $6,500 because I thought that it would have many supports from then on that will surely cause resistance but I was wrong and it went down below. Now we are seeing slight recoveries and let's just hope that another dip will not occur and continue recovering.

[mrproblem]

There can be another dip around 5250 for BTC/USD. That's what I am waiting for. So I need to see one week after 5750 dip so this week is important

[Ararbermas]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

 For me basically 5k is the new and final bottom on this volatility,  because after the price touch down 5k it shows potential to increase until now which is the price is gradually increasing and in my view soon it will jump to the ath after it gained enough strength

[danherbias07]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

That was funny. But because we almost have the same speculation. I thought the bottom was 2 months ago and then 1 month ago and then baaam!! here comes another price dip.

It is really hard to predict the market of crypto currency. All we can do is go with the flow. Regret that I didnt sell with those large prices but I am still okay with just holding for now. Got no choice though.

[Alkhalifi69]

indeed the state of the market for now is very complicated, it is very difficult to predict whether it is now in the bottom or later market conditions can still be in the bottom position again.
for the current circumstances alone we have a lot of losing a lot of money especially if the market conditions getting worse.
but I remain optimistic market conditions will not be like this continuous state of the market can definitely recover and hopefully the price can quickly soar again.

[kevoh]

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   

Then stop being bothered about calling the bottom price, it's not like there's much you can do about bitcoin's price dropping even to $500! Get with the flow and do what other smart traders do in when there's a a drop in price.

[Slow death]

it is time for epic Long?

epic Long? with the tough stances that governments are imposing on bitcoin? I think we have to start forgetting the past where we had very large increases and focusing on the current reality. I'll give you a great example here. Look this:

Liechtenstein’s Blockchain Law, Crypto Banking and ICOs, Interview With Prime Minister

see that the Prime Minister made many praises for blockchain, in every interview Prime Minister just praised blockchain, even when asked about crypto Prime Minister was talking about blockchain... What happens is that all governments look just blockchain and do not want know about crypto. Is as if crypto were something invisible and this is getting worse with each passing day. We need more and more governments to look at crypto in a positive way and adopt crypto.