4 reasons why Bitcoin has bottomed out

[scambust]

Well, well, well, Bitcoin punished the late shorters at $7,500 and probably caused a short squeeze to $10,000 plus. If this doesn't spell bottom to many, I don't know what will. Bitcoin halving coming very soon now.

[Webetcoins]

Well, well, well, Bitcoin punished the late shorters at $7,500 and probably caused a short squeeze to $10,000 plus. If this doesn't spell bottom to many, I don't know what will. Bitcoin halving coming very soon now.

I assume it is your first time you are witnessing a dip or maybe you have not gone through the past years of bitcoin. As compare to the old dips, present one is heaven. It is amazing to see it as the most expensive crypto currency even during the dip. You will be giving totally opposite statement once bitcoin will rise and touch unimaginable targets like 20k as it has in the past. You my friend, need to learn a lot.

[kanayaTabitha]

but if we have a situations where the governments declare Bitcoin legal then the miracle you said will happen.

Legal in what way? And how are you so sure that it will help get the price to increase? It doesn't work like that.... good news during a bear market has next to no effect. Bad news during a bull market has no effect either.

People need to stop hoping for miracles to happen and get better at understanding how this market actually works on a technical level, and from there focus on the charts, because there is a lot of valuable information to find there.

If big country like china make bitcoin legal and they adopt it and make many payments in china could be pay with bitcoin, i'm sure it will be a really big news for crypto people and the price must be pumped hard.
I'm not agree with you that news on crypto not affect much, i think news in crypto is very influental even it overcome the technical analysis.

[scambust]

Well, well, well, Bitcoin punished the late shorters at $7,500 and probably caused a short squeeze to $10,000 plus. If this doesn't spell bottom to many, I don't know what will. Bitcoin halving coming very soon now.

I assume it is your first time you are witnessing a dip or maybe you have not gone through the past years of bitcoin. As compare to the old dips, present one is heaven. It is amazing to see it as the most expensive crypto currency even during the dip. You will be giving totally opposite statement once bitcoin will rise and touch unimaginable targets like 20k as it has in the past. You my friend, need to learn a lot.

Don't you read what you are quoting? Don't you check out who and how long I have been posting here in Bitcointalk? I assume you are just replying for the sake of meeting your post quota in Cryptotalk.org. Don't you know what a short squeeze is? Or what shorting is? You my friend, need to learn a lot.

[SummerBliss]

The recession in global market is a possible reason for  bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.

[alexsandria]

There are definitely some indicators that Bitcoin is bottoming out. However, when looking at a macro perspective and taking into considering the global financial markets, it doesn't look quite so pretty.

It will sooner be aiding up though. Besides Bitcoin market ain't stickin' only wirh global financial markets. It is quite runnig around the globe independently. What I fear the most is that whenever such institutions came up little closely to their economic comfort zone it might as well dragged bitcoin market down.

The US and Europe are dangerously close to a recession, which is likely to bring down the cryptocurrency markets with it. Contrary to popular belief, people actually tend to avoid more experimental assets during times of economic uncertainty, so even if the traditional markets collapse, Bitcoin will likely follow.

I never thought of US will be close to economic recession. It seems they are close to leading fiats. Nevertheless, they seemed super advance. But whatever. If it may be true it seems Bitcoin would be an another option for them isn't it?

[Shasha80]

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

[Hamphser]

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

[zeze18]

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

Bitcoin stable price won't stand still more than a month, there must be a movement from it in near future either it's gonna up or down. We have to prepare for any condition that will come.
But i'm sure next year bitcoin won't go lower than 7k and people prediction is around 14k-15k , and hoping more after halving. My prediction bitcoin's price peek will be at the end of next year because of the similiarity of the chart from 2016 to 2017

[Hamphser]

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

Bitcoin stable price won't stand still more than a month, there must be a movement from it in near future either it's gonna up or down. We have to prepare for any condition that will come.
But i'm sure next year bitcoin won't go lower than 7k and people prediction is around 14k-15k , and hoping more after halving. My prediction bitcoin's price peek will be at the end of next year because of the similiarity of the chart from 2016 to 2017

Maybe yes, maybe no, no one can tell whether there would be a stable price within this month or next month. Everything that i have said was just a pure speculation only. But i trust my speculation more than the others so it doesn't matter what would your guess.
But I'm pretty sure that we will not gonna head back to $7,000 this year again. I am only expecting a stable price than a dump.

[logicgate]

In my opinion bitcoin hasn't reached bottomed out, because based on the analysis bitcoin will drop to $ 7,000. So right now
it's still trying to break the price of $ 10,000 if it fails, only bitcoin will go to the lowest price. The lowest possible price of
bitcoin is $ 7,000. After that bitcoin will go up to the price of $ 15,000. Hopefully the lowest and highest target can be achieved
according to plan. So when bitcoin prices are at bottomed out we can buy again. And if you reach the highest price we can take profit.

It already break the $10,000 since the day it started to burst up in just a single day but of course, after that, the correction started to kicks in and what we saw today's price is the result of that correction.
I think bitcoin wouldn't bottomed out in this two months left and i expect a stable price within that period of time.

Bitcoin stable price won't stand still more than a month, there must be a movement from it in near future either it's gonna up or down. We have to prepare for any condition that will come.
But i'm sure next year bitcoin won't go lower than 7k and people prediction is around 14k-15k , and hoping more after halving. My prediction bitcoin's price peek will be at the end of next year because of the similiarity of the chart from 2016 to 2017

   Bitcoin has already started to show signs of next pump. Even in the worst case, it is expected to touch 15k dollars but I believe it is going to be a lot more than that. Bitcoin has the potential that o one can predict accurately. People who make such low prediction do not really understand the true power of bitcoin. After the coming pump, it will become a dream to see bitcoin at 7k dollars.

[davinchi]

The recession in global market is a possible reason for  bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.

The bottom of bitcoin should not be a matter of concern that much because it is so sure that bitcoin will rise again in future but when it comes to the value of bitcoin bottoming, I think that it should always be an opportunity for many investors that are yet to invest to just go for it rather than getting scared and next year is definitely so sure too that bitcoin will rise.

Any investment that needs to be done is now that bitcoin has bottomed, and also, I think that china’s plan to release their own currency will also have effect on bitcoin, though I have not seen yet, but I have read others opinion on the link of the DCEP of china to bitcoin, and I believe in some of their analysis that the coin could actually affect the value of bitcoin very well.

[alan2here]

The recession in global market is a possible reason for  bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.

The bottom of bitcoin should not be a matter of concern that much because it is so sure that bitcoin will rise again in future but when it comes to the value of bitcoin bottoming, I think that it should always be an opportunity for many investors that are yet to invest to just go for it rather than getting scared and next year is definitely so sure too that bitcoin will rise.

Any investment that needs to be done is now that bitcoin has bottomed, and also, I think that china’s plan to release their own currency will also have effect on bitcoin, though I have not seen yet, but I have read others opinion on the link of the DCEP of china to bitcoin, and I believe in some of their analysis that the coin could actually affect the value of bitcoin very well.

There has not been too much information regarding the new currency issuance in China because the country has just announced its support for this market in recent weeks and they will definitely need a lot of time to new plan . I think the increase in Bitcoin price depends a lot on the current economy because if the economy is not stable then Bitcoin will certainly decrease.

A lot of different predictions can make you believe in Bitcoin but this year I will still sit still and wait for new trends. If Bitcoin could reach $12,000 by the end of the year, 2020 would certainly be agood time for people to invest again.

[Cherylstar86]

The recession in global market is a possible reason for  bitcoin and other crypto market being bottemed out as people prefer to store physical values of money like gold or other reason can be china looking forward to ban cryptocurrencies as china is center for bitcoin mining.The prices can still go high with next year halving so we don't need to worry much about it and hope for it's betterment.

The bottom of bitcoin should not be a matter of concern that much because it is so sure that bitcoin will rise again in future but when it comes to the value of bitcoin bottoming, I think that it should always be an opportunity for many investors that are yet to invest to just go for it rather than getting scared and next year is definitely so sure too that bitcoin will rise.

Any investment that needs to be done is now that bitcoin has bottomed, and also, I think that china’s plan to release their own currency will also have effect on bitcoin, though I have not seen yet, but I have read others opinion on the link of the DCEP of china to bitcoin, and I believe in some of their analysis that the coin could actually affect the value of bitcoin very well.

There has not been too much information regarding the new currency issuance in China because the country has just announced its support for this market in recent weeks and they will definitely need a lot of time to new plan . I think the increase in Bitcoin price depends a lot on the current economy because if the economy is not stable then Bitcoin will certainly decrease.

A lot of different predictions can make you believe in Bitcoin but this year I will still sit still and wait for new trends. If Bitcoin could reach $12,000 by the end of the year, 2020 would certainly be agood time for people to invest again.

As we all know bitcoin is a dominant crypto currency in which we can't.deny the fact of it's popularity since many users as well as investors looking forward on this. I'm hoping in the future even though how bad experienced that we have this year will be a good in the next days, months  or even years as I believe it can be a tremendous value in the future.

[bitgolden]

Bitcoin has already started to show signs of next pump. Even in the worst case, it is expected to touch 15k dollars but I believe it is going to be a lot more than that. Bitcoin has the potential that o one can predict accurately. People who make such low prediction do not really understand the true power of bitcoin. After the coming pump, it will become a dream to see bitcoin at 7k dollars.

For sure, bitcoin will still grow much more than that value in the future, maybe next year after the next halving will occur, but with the strength that I am seeing in bitcoin now, I think that it has the capacity to grow to that $15k by the end of this year, and I can see also that it is already showing some signs of bullish trend, and this bullish trend will make us see what I will call the last all time high that we have seen this year, I mean when bitcoin grew to $13800 before it started descending in value which we call corrections.

This will still be a very good opportunity to buy the coin more now without wasting so much time, because we could wake up tomorrow now and find that bitcoin has already started that bull run again for the remaining part of this year.

[pamsugas]

I agree with you that bitcoin will not fall from $7500 because when the correction in the bull run market bitcoin has never fallen from 50% and currently bitcoin has touched a correction of 44%.

I think in the next 1-2 weeks bitcoin will come back at $ 10k

Bitcoin has stayed in dump for long time and it is evident from little increase in its value that soon bitcoin will be set on track to reach sky in context of prices and this is the sole reason why number of bitcoin buyers is increasing day by day. The soon we investors start buying bitcoin, the fast it will be seen on heights of new prices.

This TA shows that BTC is a sleeping giant
yesterday I bought again BTC at 8700 hoping that bitcoin will soon be above 20k,
get this TA from https://twitter.com/888Velvet you can follow him

[Vertex_ICO]

Hey guys,

I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern

For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY

Hey! Cool video. Yeah, I think you could be right. It's likely we're heading towards a bull run now. Particularly with the Bitcoin halvening event happening in May next year, I think it's pretty clear that we're entering a bull market.

[Asmonist]

I think due to so many options we have right now the competition is really going on. In crypto world more coins are emerging and lots of people are already talking about it. There many similar concepts going on its either to collaborate with crypto or just making scene to regulate another processes. What I mean is that, its like in a very busy street. The traffic jam is untolerable. Tendencies are no movement going and so many are involving and yet noone is emerging.

[DarkDays]

Hey guys,

I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern

For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY

Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.

Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?

[wywoc]

Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.

Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?

TA is usually just a prediction, so it could be wrong. But take a look at his long term trendline, it seems to be true when the price of BTC is correcting to the $ 6k ~ 7k range. I still believe in the next parabol move of BTC.