Bitcoin Bottom Has Passed, Delphi Digital Says

[samcrypto]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

We are still below $8k again, and the sideway trends are hurting the market but hopefully yes, bottom has finally hit so we wont go lower again. Some are waiting for more good news, which can pump the market after days of confirmation. With the current trend it will be hard to tell if the market will go up now, existing prices are still good nothing rush in this market so be more patient.

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[Russlenat]

Hard to be confident when the market is not stable yet or its still struggling.

If we really hit the bottom then that's good so we will eventually see some improvement this year and in the years to come.

I hope if ever there is a bull run, it will not happen as fast as before so we will not experience the same consequence which is the long bear market.
I know we are all tired of the market situation because its been like this for over a year already, all I can do is just hope that all of these will be gone and the market will flip to bullish again.

[Fatunad]

Hard to be confident when the market is not stable yet or its still struggling.

I dont consider the marker is struggling in the $8,800 figure. This is just a correction after the btc jumps over 30% in just 24Hours. Maybe if the btc will fall below $7,000 level bearish will most likely a trend when that happens. As we are close to the btc halving I dont see any further pull back of the price. Btc might jump to above $10,000 anytime soon. I'm looking forward for another pump on december.

[el kaka22]

When bitcoin is dropping like a fly these days it is really not that easy to say bitcoin is not going to a further bottom. Sure it may not go any further down, maybe it won't go under 8k maybe it won't go to a new bottom but it is not really easy to say that right now. There is still that small possibility that we can hit a brand new low and that is why we can't really be comfortable with the prices.

I am honestly not buying anymore, I already sold when we reached the peak and I am waiting for something new, a new bottom or at least the old bottom of 7.5k or so is still quite possible if you ask me. Don't get me wrong I still think halving will cause an increase in the price but we may have a brand new bottom until we reach that halving period because there is still 6 months to go.

[Reid]

What is Delphi digital? 

If that is the bottom then what is happening now.
I think $8k might still be the bottom although the bitcoin price is still resisting. Better think advance than expecting for too much right?
Yes, I am pessimistic but also a realist. The resistance seems to be quite hard to break. We should have been in 10k by now and maybe that is when we could set another bottom.

[Pamadar]

Hard to be confident when the market is not stable yet or its still struggling.

I dont consider the marker is struggling in the $8,800 figure. This is just a correction after the btc jumps over 30% in just 24Hours. Maybe if the btc will fall below $7,000 level bearish will most likely a trend when that happens. As we are close to the btc halving I dont see any further pull back of the price. Btc might jump to above $10,000 anytime soon. I'm looking forward for another pump on december.

Being optimistic will bring you to much comfortable position while waiting for any movements from the market. It's hard to say where's the exact direction and what will be the next trend, but if you do have good approach and you are confident with your position then things will be positive
to your investment. Keep observing and assess if you can trace the right path to succeed from this venue of business.

[Slow death]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

A few days ago the price dropped to $8500



If the price falls below $8500, then we can probably see the price falling below $8000 (it seems to me that the $8000 zone is a strong psychological zone and if fall below to $8000 we will see the price back to $7800)

[smyslov]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

I hope these are all true, so we can move and people will stop waiting for another dump to happen before they can buy, I also don't believe that there is  going to have a massive dump, I prefer to hodl and buy more coins and don't wait for massive dump so I can buy, if you believe that Bitcoin has a potential, buy it when you have funds, now is the time to buy maybe the price that is showing now will be higher in the coming days.

[pooya87]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

A few days ago the price dropped to $8500

[i m g]https://i.imgur.com/RBtgm2v.png[/img]

If the price falls below $8500, then we can probably see the price falling below $8000 (it seems to me that the $8000 zone is a strong psychological zone and if fall below to $8000 we will see the price back to $7800)

i don't think you can really speculate based on these types of drops that are sharp and bounce right back up. specially when you are looking at the hourly charts.
you see the market is still pretty small, such sharp small drops (1.7%) could easily happen with a small size sell specially on in tether market that involves altcoin exchanges that everyone is trading altcoins and a smaller percent have any open orders in bitcoin/tether order books.

[carlfebz2]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

A few days ago the price dropped to $8500

[i m g]https://i.imgur.com/RBtgm2v.png[/img]

If the price falls below $8500, then we can probably see the price falling below $8000 (it seems to me that the $8000 zone is a strong psychological zone and if fall below to $8000 we will see the price back to $7800)

i don't think you can really speculate based on these types of drops that are sharp and bounce right back up. specially when you are looking at the hourly charts.
you see the market is still pretty small, such sharp small drops (1.7%) could easily happen with a small size sell specially on in tether market that involves altcoin exchanges that everyone is trading altcoins and a smaller percent have any open orders in bitcoin/tether order books.

When it comes to price swings 1H TF isnt really the right place to look or to refer on and as said 1.7% drops are just small drops
which we cant conclude nor applied that we might see some low prices soon. Supports can be break out anytime though but
pointing on where prices would go and telling where the bottom is does sounds a never ending speculation. 

[bitbunnny]

I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.

[wajik-tempe]

I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.

Many people said it already has reached the bottom but some people said it's not. But i think it will depends on the whales who controlled the price i think if they broke the price again, people will lose hope with crypto currency especially bitcoin and they will not interested anymore with bitcoin. So i think the whales are not gonna do that because if they lost crypto people they can't make money again. So i think the price is already bottomed out and we just need to wait to the price recovery

[Wexlike]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

Common words that we do commonly see when theres a price pump where either these personalities/companies/groups do tell
that the bottom price had already passed but when the price tends to pullback even more lower on what they are talking then
these fellas becomes silent. Price is always been volatile since and theres no such thing about bottom because anytime Bitcoin
can break out anyones hopes and analysis that been made.

There are actually some very interesting charts which explain that the volume moved mainly to the future and options markets rather to the counter price trade that we plebs usually do. So the common charts of bitcoinwisdom.io don't really tell the whole story anymore when looking for volume trends.

[Duzter]

I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.

Myself too has the same thinking that the low bottom isn't achieved. From the market's growth pattern there is large scale price increase as well decrease. By the time there is no big move with the marketcap, it serves to stand with little decrease and becomes stable. It was predicted that a drop in value low to $7500 would make the market experience its low bottom of $5500 which is purely the view of experts. This way I believe we haven't reached the low bottom and if that's been achieved and further it's time for growth I'm happy for it.

[owengtam09]

Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.

[Fatunad]

Hard to be confident when the market is not stable yet or its still struggling.

I dont consider the marker is struggling in the $8,800 figure. This is just a correction after the btc jumps over 30% in just 24Hours. Maybe if the btc will fall below $7,000 level bearish will most likely a trend when that happens. As we are close to the btc halving I dont see any further pull back of the price. Btc might jump to above $10,000 anytime soon. I'm looking forward for another pump on december.

Being optimistic will bring you to much comfortable position while waiting for any movements from the market. It's hard to say where's the exact direction and what will be the next trend, but if you do have good approach and you are confident with your position then things will be positive
to your investment. Keep observing and assess if you can trace the right path to succeed from this venue of business.

In the world of cryptocurrency there is no better thing than being optimistic and positive at all times no matter what the market trend is. For not too long you will be able to make enough profit when you are patient enough to wait for your projected price mark. No one will lost money if they have not doubt btc at the very beginning of their investment.

[SquallLeonhart]

Bitcoin bottom definitely passes, what people mean by bottom is the current rallies lowest point and highest point.

We have already passed a whole rally where the price was around $7k and then $9k, right now it is doing a whole new stagnant stage. So, if you mean bottom as in "the lowest it can reach" there are "prices" that are not as much as other ones honestly because we will never see 100 bucks per bitcoin ever again right? If you think there is a chance I would highly suggest you leave bitcoin asap.

There are also "periods" like I mentioned where you have a bottom and a top and then you move into a new stage or a period, we moved beyond a period of volatility and now waiting for the next volatility so the bottom of that period has passed. Whichever you chose there are always bottoms that will never be.

[Beparanf]

Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.

The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price.

[kapalmabur]

Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.

The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price.

we see the price of Bitcoin today touched $ 8100, the last support point this time was $ 7100, I really hope that it will not touch that price !,
If Yes we will look deeper, many bad bitcoin sentiments come, from Google, China etc., making prices have not stabilized, be careful

[wxa7115]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

We will be able to test that theory during the next days, the bears are trying to push the price of bitcoin outside the range of 7000 and if they are successful they may create panic among investors and the price could begin to go down even faster than the way it has been going down recently and if that happens then we will reach another market bottom and we have no idea how long it would take us to recover from it.

And what it is interesting about all of this is that the volume is kind of low, there is not a lot of activity in the markets and yet the price is declining in a consistent basis and this can only mean one thing and that is no one is buying bitcoin.