Has the crypto market reached its bottom yet?

[tukagero]

The bottom of the market has already ended a long time ago, now there is no particularly strong growth, but also the market does not fall down, which is already pleasing.

crypto market is very hard to predict to where it will go,  most of the crypto people think bottom has been already hit and theres no chance to go even deeper, but dont be so sure yet, cause their might be unexpected things to happen in cryptomarket

[1714964641]

1714964641

[1714964641]

1714964641

[1714964641]

1714964641

[adroitful_one]

The bottom of the market has already ended a long time ago, now there is no particularly strong growth, but also the market does not fall down, which is already pleasing.

Wouldn't be so sure about it. BTC is quite struggling to get past some point and there is nothing on the horizon that should guarantee it's growth. Halving is not something that will have such a big impact. Each one of them has smaller impact and this will be the last meaningful one. We are getting to the point where fees should be what  keeps the system going and not the block reward. Besides of that unfortunately nobody need any crypto at this point. Still gotta wait for more development and while people get bored the price will be dropping.

We would have to fall more than 50% this year to get to the rates we were trading at last year. I just don't see that happening. The halving will have more of an impact on the price of Bitcoin than you think it will. People are still mining Bitcoin and if you cut their returns in half, they're going to charge more for the coins that they're mining. Also, historically the halving has brought with it a big bull run.

[leetcoiner]

the crypto market is now clearly above its bottom, the bottom in the crypto has already passed, now the bullish trend is starting a little bit.

[drachman]

Market has already hit its bottom last year, half of this year will be the recovering and rest will be exciting. Im seeing 1trillion marketcap on the last month of the year. Another unstopable bull run will happened after the halving.

You do not really have a way to know that, while it is possible we have already reached the bottom it is still not a sure thing, there are many traders that are waiting for the price of bitcoin to go even lower and I think they have some good points about why they believe this may be the case, the only way we are going to find out if you are right is to let the market move for some more weeks and see if the price of bitcoin can go up and surpass 9000 during that time, if it happens then most likely we already reached the bottom but if it does not then we may still get another bottom.

[Pelunize12]

I would like to understand the general sentiment here from people who gather lots of crypto-related info from various sources.

At this time, I think yes for Bitcoin. Bitcoin reached the bottom on around $ 3,000 last year
this is new cycle of Bitcoin which (i hope) see anothers ATH in the future. Halving is near, good news appears, etc
But, I dont think it will be same with altcoin. altcoin is risky to me, that's why I am doubt to invest in altcoin now