BITCOIN is right now 3300 USD - Etherum 80 USD... Where is the bottom?

[pacopico]

Tittle.

[1714502378]

1714502378

[BitHodler]

If anyone here knew they wouldn't be here.....

I bought on the way down, yet again, and my results for today are:

Bitcoin @$3500 @$3350
Ethereum @$94 @$90 @$87

I use smaller amounts to buy with, which allows me to do some longer term buying while the price is still going down. I don't mind it going lower, but it seems that $3000 might be a temporary level to bounce from.

I will stay up all night to see how it moves on.

[mikeywith]

I can not tell you what to do, but i personally won't go bullish on btc before i see a re-test of the 2016 highs, anywhere from 900$ to 1100$. to me, any bounce before this is a bull trap which unless you are a day trader then you should not care about. for eth i am looking for 30-40$ , ltc 12-16$ xrp 7-9 cents. i will surely buy btc at 2900-3200 if i see a reversal signal, only to make a day profit  by dumping it for a small profit. but for me to start buying BIG i will wait for those numbers.

will also keep some cash for a potential drop to 400$-500$.

another position where i will start buying  is breaking 7500$ , retesting it, showing great bull dominance, then i will go long. but anywhere from 6k to 1k i will only look for shorting.

Good luck

[Dogboy714]

I can not tell you what to do, but i personally won't go bullish on btc before i see a re-test of the 2016 highs, anywhere from 900$ to 1100$. to me, any bounce before this is a bull trap which unless you are a day trader then you should not care about. for eth i am looking for 30-40$ , ltc 12-16$ xrp 7-9 cents. i will surely buy btc at 2900-3200 if i see a reversal signal, only to make a day profit  by dumping it for a small profit. but for me to start buying BIG i will wait for those numbers.

will also keep some cash for a potential drop to 400$-500$.

another position where i will start buying  is breaking 7500$ , retesting it, showing great bull dominance, then i will go long. but anywhere from 6k to 1k i will only look for shorting.

Good luck

I remember people like you in 2015 calling for double digits - same story. Never gonna happen. I'm sorry that you missed your big chance - it's not too late, though.

[figmentofmyass]

wild guesses:
BTC $2900
ETH $65

it's pretty hard to predict ETH because it reacts to bitcoin's volatility. in other words, when BTC crashes hard, ETH crashes harder. given that $3k is the only tested support from the bull run last year, i feel like it'll be defended by bulls.

[Pursuer]

it is impossible to say because we are now in uncharted waters and the drops are not natural. in my opinion the drop is purely because of whale manipulation in addition to traders leaving the market which has made it even easier for them to manipulate the price because of lack of "resistance".
so the end of the drop will be either when they decide they can no longer make profit or if the rest decide they want to start buying back at a certain low price where the market decides is the bottom.

as for ETH, it is mainly following bitcoin down but also we are now in a stage where all those bag holders who have been saying it will go to the moon and replace bitcoin (flippening LOL) are now realizing their mistakes and panic selling. additionally the ICO owners are also trying to cash out their free money which is increasing the dumping pressure. so ETH can have a much harder crash pretty soon.

[qualitywork]

Yes this big impact cannot be tolerated if we think continuously it may lead you to depression. It's quite hard to predict the situation of the market no one knows what will happen going forward.

[fabiorem]

Something between $700 and $900.

[gentlemand]

ETH only really kicked into gear when the ETF was denied in early 2017. At that point it was hovering around the single figure mark.

Since then it's managed to burn untold amounts of money and people and left very little of substance behind. Maybe single figures are beckoning again. The stuff that does make proper use of it like the stablecoins that have been launched on top of it are price agnostic.

[erikalui]

I am losing hope in bitcoins as the market has been down for like over 7 months and has shown no improvement since then. Bitcoins were over $20k in the beginning and then it fell to 11k and now it's as low as 3300 and Ethereum has suffered even more and is $85 along with the other altcoins that are on the verge of dying. If the market continues to fall, many investors will just sell their coins at distress rate.

[randythered]

I've thought ever since we broke the 6k level that the bottom would be around $3k so I wasn't overly disappointed to see today's crash. It had an inevitability about it and I'm glad it was sooner rather than later. That way if my prediction is correct we will recover sooner.

[Tytanowy Janusz]

3600 looked quite strong. Each time we touch it there was nice bounce. I thought that this might be bottom but i was wrong. 3400 doesnt look that strong so i quess it will poop faster. Maybe even today. But in the end its all depends on whales.

[itos84]

I have been buying constantly sonce the dip of 6000 at 3700 I bought some more. But in small amounts just divide your money and buy in small amounts in each big drop to have a good average. It’s impossible to know which will be the real bottom before another bull run and when it happens you will have missed the train and will have to buy at 7.000 or more. I hope I can buy at 1.000 or 700 prices but it’s unlikely to go that down.

[dothebeats]

One thing I noticed lately is the way the stock markets fall, and how the cryptomarkets follow suit despite the notion that these two markets are inversely proportional, and it turns out that that's not the case. Calling the bottom at this point is a dire effort honestly, and if someone knows for sure they will be watching the markets closely and hit the buy orders once it is touched by the price. Idk, $2500 is a strong feeling that I have, and that's me hoping for the best seeing that no strong support levels are in place in the major exchanges I've been frequenting lately. Sub-$3000 is still a possibility though I won't wish for it to manifest in the market any time sooner.

[Wilhelm]

One thing I noticed lately is the way the stock markets fall, and how the cryptomarkets follow suit despite the notion that these two markets are inversely proportional, and it turns out that that's not the case. Calling the bottom at this point is a dire effort honestly, and if someone knows for sure they will be watching the markets closely and hit the buy orders once it is touched by the price. Idk, $2500 is a strong feeling that I have, and that's me hoping for the best seeing that no strong support levels are in place in the major exchanges I've been frequenting lately. Sub-$3000 is still a possibility though I won't wish for it to manifest in the market any time sooner.

I also noticed that the Trump China trade debacle is killing the stock market and somehow it seems it is also pushing down Bitcoin.
Anyway this might be a good sign. If Bitcoin is part of the global financial system then it should be affected by the economical situation like any other currency.
However you would expect people to flee fiat and therefore push up the Bitcoin price. The opposite is true somehow...

Interesting....

[Adriano2010]

I think the bitcoin can go to 2000$ and ETH to 30$ but this is only my opinion. Anyway i will buy some and hold for long term if the grow will not start so soon. I don't know who is playing with the price or if this is a real cashout from crypto, but whales are buying now and fill their bags.

[gabmen]

I think the bitcoin can go to 2000$ and ETH to 30$ but this is only my opinion. Anyway i will buy some and hold for long term if the grow will not start so soon. I don't know who is playing with the price or if this is a real cashout from crypto, but whales are buying now and fill their bags.

It doesn't seem so. If whales are already buying this dip then we should be able to see a little upward movement that could even start a run. However none like that is happening. Eth is more of an eyesore to look at. I'm looking to hold long term but i feel for those who got caught in this bear market.

[stompix]

I think the bitcoin can go to 2000$ and ETH to 30$ but this is only my opinion. Anyway i will buy some and hold for long term if the grow will not start so soon. I don't know who is playing with the price or if this is a real cashout from crypto, but whales are buying now and fill their bags.

It doesn't seem so. If whales are already buying this dip then we should be able to see a little upward movement that could even start a run. However none like that is happening. Eth is more of an eyesore to look at. I'm looking to hold long term but i feel for those who got caught in this bear market.

Yeah, just another myth that the whales are bringing down the market so they could buy cheap, but as you said there is simply no buying, it's the same as at 10k and 8k, everybody was saying people are buying cheap coins to fill their bags and yet here we are, circling around the edge of 3000 and the are simply no buy orders.

ETH fell like a house of cards with close to no resistance and unfortunately I must admit BTC isn't looking far better.
It's going to be one long winter and at this point, I'm just hoping we will see only one, not 3 years of bar market like last time.

As for the bottom, I doubt even God knows!!!

However you would expect people to flee fiat

I've been saying this for a long time, a crash in the financial world is the last thing we want, cryptos will be the first affected and you won't see people pulling their money out of stocks and into this market.

But at this point, I doubt the dump is caused by the turmoil happening in the stocks market, even though I have no other logical explanation myself..
 

[randythered]

I think the bitcoin can go to 2000$ and ETH to 30$ but this is only my opinion. Anyway i will buy some and hold for long term if the grow will not start so soon. I don't know who is playing with the price or if this is a real cashout from crypto, but whales are buying now and fill their bags.

It doesn't seem so. If whales are already buying this dip then we should be able to see a little upward movement that could even start a run. However none like that is happening. Eth is more of an eyesore to look at. I'm looking to hold long term but i feel for those who got caught in this bear market.

Yeah, just another myth that the whales are bringing down the market so they could buy cheap, but as you said there is simply no buying, it's the same as at 10k and 8k, everybody was saying people are buying cheap coins to fill their bags and yet here we are, circling around the edge of 3000 and the are simply no buy orders.

ETH fell like a house of cards with close to no resistance and unfortunately I must admit BTC isn't looking far better.
It's going to be one long winter and at this point, I'm just hoping we will see only one, not 3 years of bar market like last time.

As for the bottom, I doubt even God knows!!!

However you would expect people to flee fiat

I've been saying this for a long time, a crash in the financial world is the last thing we want, cryptos will be the first affected and you won't see people pulling their money out of stocks and into this market.

But at this point, I doubt the dump is caused by the turmoil happening in the stocks market, even though I have no other logical explanation myself..
 

People want something to believe in, so that they can justify their decisions to themselves. There was little buying at 6k even when we where there for months, there just wasn't much selling either. Now that people started to sell we can see how quickly we're falling.

The argument about stock markets is naive. Why would people pull their money from one falling market and move it to another falling market? They'll be pulling their money from stocks to cover mortgages, debts, business costs etc that they're struggling to cover because the economy is in a downturn.

[Tytanowy Janusz]

People want something to believe in, so that they can justify their decisions to themselves. There was little buying at 6k even when we where there for months, there just wasn't much selling either. Now that people started to sell we can see how quickly we're falling.

The argument about stock markets is naive. Why would people pull their money from one falling market and move it to another falling market? They'll be pulling their money from stocks to cover mortgages, debts, business costs etc that they're struggling to cover because the economy is in a downturn.

When we first time hit 6k there were a loot of buyers. Huge buy volume pushed price up. Same was second time. On 15 min candles you could see how manny investors thought that 6k is extremely cheap. Each bounce after that was weaker. There was less buy strenght. Last 2 bounces was made without strong buyers. We didnt break 6k half year ago just because whales was too scared to break it and they stops selling close to support. It was obvious that we will break it sooner or later without good news (like etf).

Now 3800 looked strong. Again we had stron buyers thinking that 3800 is cheap but panic selling break them in 10 days. Now 3400 after bart formation looks good but not as strong as 3600 was. I guess we will again break it and maybe find stronger support at 3000 or 2500. For now we need to have hope that 3400 will hold long enough.