Bitcoin will soon reach a reliable low, below which the price will not fall.

[Monosvalet]

The expert of the venture crypto company Blockchain Capital Spencer Bogart believes that bitcoin is ready to signal the discovery of a reliable minimum, below which the price will not fall.
"Regarding its peak values, the price of bitcoin fell by 70%, so I think that bitcoin is close to finding its minimum, like all other cryptocurrencies," Bogart said in an interview with CNBC on Friday.
"At the end of 2017, we saw a strong rally of the entire crypto market, despite the fact that there was a lot of negative news. Now you can see that there are positive news, but the price is not growing, " he added.
Under positive news Bogart meant investing broker TD Ameritrade in an adjustable ErisX crypto currency exchange, and a statement by Rick Edelman regarding the bitcoin ETF approval and funding Yale University cryptofauna for $400 million.
"All this news is important building blocks that are laid in a new Foundation for the promotion of institutional capital in the crypto space," Bogart said.
Similar opinion is shared by Mike Novogratz, who last month suggested that bitcoin "has reached its bottom". This statement was based on a comparison of the current Bloomberg Galaxy Crypto (BGCI) index readings with those existing at the time when the market started its bullish rally. Novogratz also said that in the next 2-3 years a lot of financial institutions will be included in cryptoprocessor. He said this at the South Korean conference Beyond Blocks in July.
Earlier, a team of researchers published data according to which 54% of institutional investors believe that the price of bitcoin has already reached its minimum. At the same time, 57% of all respondents said that by the end of 2019 they expect to see the price above $15,000.
In may, fundstrat analyst Tom Lee once again expressed his expectations regarding the price of bitcoin, which, according to him, will reach $22,000-$25,000 by the end of this year. Later in August, he changed his Outlook, saying that real prices could be much higher. As evidence, he provided a correlation between emerging markets and the crypto market.
Despite these forecasts, the price of bitcoin, apparently, is not going to update the historical maximum, in connection with which Novograts also changed his forecast, saying that bitcoin is unlikely to pass the mark of $9,000 before the end of this year. However, by the end of the second quarter of 2019 Novogratz expects to see a price above $10 000.

[Peacemaker1994]

The cryptocurrency world is quite volatile and prone to changes. 80% of prediction turns out to be incorrect and there is no minimal and maximal point of any coin. I would advice you just keep watching the market and pay less attention to predictions, this has brought doom to alot of people

[Marcel555]

$5800 has been the average support for bitcoin throughout 2018, and this is comparatively higher than previous years. And I see that bottom holding out for a while.

Everyone is entitled to an opinion on what they think the price would  in the future, but they are all speculations regardless of the source.

[sell100]

This prediction can only be used for reference. I think the market is still waiting to see, and we must wait until the US government approves the Bitcoin ETF to have a big market.

[Red-Apple]

you should have posted this at least 6 months ago where this "reliable low" was actually reached. we have been above that solid low with a strong buy support behind it for a couple of months now and that is one of the reasons why the whale accumulators have started their accumulating processes. otherwise they would have been equally confused like the rest of the market.

[tikaka]

Yes I agree with you. The value of bitcoin is gradually becoming stable and hard to fall below $ 6,000. That is a good thing, that is the safe limit to your investment. And I believe in the future it will continue to attract more investors and the value will probably increase.

[audaciousbeing]

Again and again, its being sounded, when you quote a source, there is nothing hard in putting a reference as this would add credibility to the post and equally give an opportunity for follow up to anyone who is willing to read more not forgetting the complement to the author of such information and finally not getting banned on the forum for plagiarism as this goes to Op and those going outside the forum to source for content to be discussed.

One thing I noticed that is common to people who expressed their opinions above is the word "I think" and that points to the fact that whatever they say should not be relied upon 100% as its merely an expression of opinion that is not dependent on objective evidence and more so there is no uniform conclusion as some were of the opinion of falling, others were optimistic of further increase which leave the option to those reading in deciding which side they want to belong.

[tomahawk9]

I honestly think we've reached the bottom a few months when the price touched the 5800 mark. We've consolidated around the 6k-6.5k and we've built a new floor at 6000 which I don't think we'll break in a very long time.

Now, about the $22,000-$25,000 predictions at the end of the year, I don't know, with the current bearish sentiment surrounding the market, I find it hard to believe that the price would even test the last ATH, let alone go past it to those levels OP mentions. It would take such a massive amount of capital to push the price up that I don't think we'll see until maybe 2019 or beyond.

[BrewMaster]

The expert of the venture crypto company Blockchain Capital Spencer Bogart

these so called companies should really stop trying to advertise themselves disguised as speculation about bitcoin

believes that bitcoin is ready to signal the discovery of a reliable minimum, below which the price will not fall.

no minimum price will ever be "reliable" enough to be called "minimum" when it comes to bitcoin. so far we actually have had that "minimum" price a couple of months ago and those who were real investors with experience (not some newbie company in the field) took it as their signal and have been acting on it...

[Herbys]

Bitcoin price is negotiable, so it can be $ 100, and maybe $ 30,000.

[kzozenberg]

I can not say that I am a professional analyst or trader, but I can say with confidence that I always use common sense and he tells me that bitcoin has a very large potential and very good technology ! I listen to this analyst and I think that he made the right forecast as bitcoin is starting to recover after the correction.

[Qurelal]

Big money loves silence, and cryptomarket became too noisy and crowded at some point. The dynamics and movement of wallets are carefully monitored, as opposed to the original anonymity. However, it must be remembered that truly momentous changes occur only when they are not expected.

[Dexion]

very good explanation, and that is in accordance with the reality of the bitcoin market today, bitcoin is difficult to create a rally like 2017, this is bad, but we must realize that the long bitcoin rally every year is experiencing good development.

I agree with Novograts' opinion, today a good sign of bitcoin to get past $ 10K still cannot be seen. but 2019 and 2020 will be a year of goodness for bitcoin.

[LukeHartman]

This prediction can only be used for reference.I would like to say that you should keep watching the market and pay less attention to predictions. This has brought doom to a lot of people.

[watchurstep45]

The expert of the venture crypto company Blockchain Capital Spencer Bogart believes that bitcoin is ready to signal the discovery of a reliable minimum, below which the price will not fall.
"Regarding its peak values, the price of bitcoin fell by 70%, so I think that bitcoin is close to finding its minimum, like all other cryptocurrencies," Bogart said in an interview with CNBC on Friday.
"At the end of 2017, we saw a strong rally of the entire crypto market, despite the fact that there was a lot of negative news. Now you can see that there are positive news, but the price is not growing, " he added.
Under positive news Bogart meant investing broker TD Ameritrade in an adjustable ErisX crypto currency exchange, and a statement by Rick Edelman regarding the bitcoin ETF approval and funding Yale University cryptofauna for $400 million.
"All this news is important building blocks that are laid in a new Foundation for the promotion of institutional capital in the crypto space," Bogart said.
Similar opinion is shared by Mike Novogratz, who last month suggested that bitcoin "has reached its bottom". This statement was based on a comparison of the current Bloomberg Galaxy Crypto (BGCI) index readings with those existing at the time when the market started its bullish rally. Novogratz also said that in the next 2-3 years a lot of financial institutions will be included in cryptoprocessor. He said this at the South Korean conference Beyond Blocks in July.
Earlier, a team of researchers published data according to which 54% of institutional investors believe that the price of bitcoin has already reached its minimum. At the same time, 57% of all respondents said that by the end of 2019 they expect to see the price above $15,000.
In may, fundstrat analyst Tom Lee once again expressed his expectations regarding the price of bitcoin, which, according to him, will reach $22,000-$25,000 by the end of this year. Later in August, he changed his Outlook, saying that real prices could be much higher. As evidence, he provided a correlation between emerging markets and the crypto market.
Despite these forecasts, the price of bitcoin, apparently, is not going to update the historical maximum, in connection with which Novograts also changed his forecast, saying that bitcoin is unlikely to pass the mark of $9,000 before the end of this year. However, by the end of the second quarter of 2019 Novogratz expects to see a price above $10 000.

I think when I told you that question.
because now bitcoin is in low price because today's many sellers in the markets. so it's time to come back to high-prize bitcoin like one year. if you're holding bitcoin now do not wait for it you're in december because I'm sure bitcoin will increase when it comes to december or january

[MohamedJones]

It is an unstable market right now. If the price settles around $6000 to $7000 it would be a good news. We definitely would like to see a rise of price but most of this predictions turns out to be incorrect. 

[jonhn772]

Market condition is now unstable and its very difficult to predict about price. But maybe $5900 to $6000 is reliable low.

[kryptqnick]

$5800 has been the average support for bitcoin throughout 2018, and this is comparatively higher than previous years. And I see that bottom holding out for a while.

Everyone is entitled to an opinion on what they think the price would  in the future, but they are all speculations regardless of the source.

It's say it is also the lowest price bitcoin reached (or even didn't reach, because I see only $5900 on coinmarketcap) since the drop from $20k. Bitcoin was close to this price many times, but never went below, which leads me to suggest that it IS the reliable low price the op was writing about. Sure,  expectations about future growth can deceive us, but I think it is pretty safe to suppose that we won't see bitcoin lower than $5800, unless something really huge and bad happens (something that never happened before in the history of cryptocurrrency). It would be nice to see this mark increasing gradually with time if we want a stable growing market, but $5900 is not that bad.

[NeuroticFish]

with CNBC on Friday

From what I've read CNBC is not the best place for investment advises on cyptocurrencies. Here's one of the best (#fail) examples: https://bitcointalk.org/index.php?topic=5037823.msg46165655#msg46165655

And yes, many tell nowadays that Bitcoin has bottomed and can't go under that value. I wish they're right, but I also fear that anything can still happen.
Right now nobody really knows what's next...

[samuraijin]

I really hope for now at the price of bitcoin to touch the lowest point of bitcoin prices, so that at the end of the day we can see that bitcoin prices are growing gradually again like in 2016 ...