POLL: Did we hit the bottom?

[exstasie]

Just like the title says: Did we hit the bottom yet? Or will the downtrend continue?



I'm trying to get a feel for whether people are bullish or bearish. The poll will run for 10 days and people can change their vote.

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[romero121]

No, it has got more to go low. To my knowledge it is predicted to reach as low as $3300 before the next price bumping. Maybe this could go below to that as market isn't that stable. Market recovery is much expected for the moment, but to what extent this gonna happen in reality is unpredictable.

[Wind_FURY]

Maybe. Everyone is waiting for a capitulation that might not come anymore. Why? Because everyone has already sold what they needed sell. They now maybe have bids on $2500 - $3000.

I believe the market will adjust soon, and those bids will slowly go up.

[LFC_Bitcoin]

I think we’ve reached the bottom, this is the longest downtrend from an ATH in bitcoin’s short lifespan. I think we’ll be stuck in this period of sideways for some time but we’ll start to rise mid 2019. Prediction for the price by the end of 2019 - $6,500.

[dodgrad]

There are already some signs of stabilization, so I think Bitcoin's price should not fall below $3000.
I think that weak hands sold already everything they had, so whales will not be able to create panic sell anymore. Fluctuations will be small and now the charts will be in the side tunnel.

[DeathAngel]

There are already some signs of stabilization, so I think Bitcoin's price should not fall below $3000.
I think that weak hands sold already everything they had, so whales will not be able to create panic sell anymore. Fluctuations will be small and now the charts will be in the side tunnel.

I agree, hopefully all the weak hands have been flushed out following the catastrophic drop from the ATH. Now is time to buy & increase your hoard before market sentiment turns bullish.

[gentlemand]

No, it has got more to go low. To my knowledge it is predicted to reach as low as $3300 before the next price bumping. Maybe this could go below to that as market isn't that stable. Market recovery is much expected for the moment, but to what extent this gonna happen in reality is unpredictable.

It's already gone below $3200.

I don't think we're done myself. We're not far above the low and I don't see much will out there to resist a concerted dumpathon. I'd vastly prefer to get it over and done with a classic v bottom type thing than dick around doing not very much.

[Tytanowy Janusz]

I think we’ve reached the bottom, this is the longest downtrend from an ATH in bitcoin’s short lifespan. I think we’ll be stuck in this period of sideways for some time but we’ll start to rise mid 2019. Prediction for the price by the end of 2019 - $6,500.

Beeing in longest bear market since ever in bitcoin history means nothing.


To OP - we just broke 6k support and drop instantly to 3k. After breaking 6k support we  should see at liest restest of this levels is short time. But we didnt. Price dropped down to 3k where it stops (without significant bounce). It means that market is weaker that it should and it was holded above 6k support by price manipulation. It wont turn to bearis by magic stick. It needs strong news or build middle term walue close to 3k support what will take at liest half year staying in 3-4,5k range. Or break 3k support and find stronger one closer to 2k or 1k.  Also 1 bored whale with tones of money can push price to 20k tommorow - https://bitcointalk.org/index.php?topic=4460964.msg39964620#msg39964620

I don't see any buy strength here. Price stopped not because there were buyers who bought all supply and pushed price up. Price stopped because its temporary too cheap to sell or its better for whales to stop at this point to show that 3k is strong to get extra demand without pushing price to lower levels. Like at 6k support. When volume will continue to drop it will mean that there are no more buyers believing in strength of 3k and we will drop lower.

[el kaka22]

Just like the title says: Did we hit the bottom yet? Or will the downtrend continue?

[im g]https://i.imgur.com/3BuFFCC.png[/img]

I'm trying to get a feel for whether people are bullish or bearish. The poll will run for 10 days and people can change their vote.

I think so. I mean there is of course a chance of going even further down if something unexpected happens, it all depends on the whales and if just a single whale with a lot of coins come out today and sell a bunch of bitcoin than the price will see another bottom however unless something that big happens we are not going to see anything under 3200 ever again.

If we move up from here than I am sure we will not see anything under 3200 ever in history as well, it all depends on the movement from now on, its fragile, if we manage to get a hype and bull run than the bottom was 3200 and that's it, if we do not get that bull run than we are still on the thin line of going down any second because of a whale. We need that bull run because if we have it than even a whale selling would drop us to a place that is above this price.

[Thanasis]

One year before few hundred bucs on the price changes makes nothing but now it is making huge decision making movement among the investors.We already hit the bottom the prices may fall below more few hundred bucks but not too much so be ready for the next bump and buy it now without considering about those hundreds in difference.

[Lalafell]

I think we’ve reached the bottom, this is the longest downtrend from an ATH in bitcoin’s short lifespan. I think we’ll be stuck in this period of sideways for some time but we’ll start to rise mid 2019. Prediction for the price by the end of 2019 - $6,500.

If we already hit the bottom do you think the price will not fall again? I hope after we hit the bottom price of bitcoin there will be a uprising price. Every people here in forum have different prediction about the price of bitcoin but for me I will become happy if the price of bitcoin will start increase in the second quarter of this year.

[Tzupy]

By a couple of my EW possible counts, we have not yet seen the final bottom. However, the final 5s of bitcoin corrections tend to get truncated, so...
As for weekly MACD, it forms a bearish double bottom (bearish divergence), so until I'll see a bullish one, I will doubt that we already saw the final bottom.

[bonker]

A bitcoin bottom? Impossible, the self proclaimed top crypto analysts say it's at $2500, or maybe $2000, no no at $1500 or is it $1000, no probably 3 digits 

Why missed two digit.

[omonuyak]

It is very difficult to say if we have hit the bottom and I think it is also very difficult to find out were the bottom is as this market is highly unpredictable.  In my own opinion the bottom is still far away and we can actually make it in the next bullish market if we can buy at the right time.

[barota]

waiting bottom or cheap btc?
i hope you can't buy under 5000
remember  when price trade over 10000 per btc
by the way price in july will be 7000 ---- 9000 usd per btc
thank you

[BitHodler]

I find that a very difficult question to answer. I sincerely hope that the bottom is in, but I'm not taking anything that happens in the short term lightly, because the short term doesn't reflect fundamentals.

The only thing that matters for me is that long term speaking, we're set, and that's what I am focusing on. If we happen to make even lower lows, then so be it, the market has already been turned into a mess.

I rather see a brutal bottom now we're potentially at the deepest point of the bear market than having the market bottom out at a far later point, because that will piss off people even more.

[Naida_BR]

Many people said that the bottom was at 6k.
Now there are a lot of people that we have already hit the bottom around 3.5k but I don't agree with that. As we are facing a stagnant market at around that price we are imminent of a risk of dropping more. I believe the actual bottom right now is around 1.7k and if the market will not rise during Q1 we are very close to see this new bottom in the future.

[HODL2090]

For the current market, yes, we could have hit the bottom, the price held up above $3100 amd rose from there upwards.rhe value can of course always fall below any threshold, for the short term, it should stay above $3000, considering mining difficulty.

[Adriano2010]

I think yes, the price almost reach the bottom, and i think we will not see much lower than 3000$ for a bitcoin, and also most coins are still in low price and we will need some times for a grow, maybe a grow will start after Bakkt.

[magneto]

I think that it is very possible for bitcoin to go down further.

Prices in the short term are often unpredictable, and due to that fact, dips in the short term is completely expected even when prices are this low. But I think that based on bitcoin's historical bear markets and factors such as market attitude, we are extremely close to the bottom at the moment even if we are not fully there yet.

It would be absurd to pass up this buying opportunity because of the fact that this may not be the absolute bottom. Dollar cost averaging should be used at its full scale if you do have funds that you want to invest into bitcoin for the long term with. I've expected bitcoin to bottom out at $3-4k since last year, and there is no reason in my opinion for that expectation to change at the moment.