DON'T MISS! Proof Bitcoin/Crypto Nowhere Near Bottom!

[barota]

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

[panganib999]

Well yea, bottom? I doubt BTC would go there. Not at least in a few years I'd say. You could even say that BTC is approaching its peak right now, and only when the second to the last halving or halving occurs would BTC probably reach its peak,and only after would it dwindle. That is, as long as the interest of traders and investors alike are still aligned with the end goal of the existence of BTC.

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

They are cheap, but not at the bottom. 10k? That was just due to a sudden pump, and there was no way the price was gonna stay there. Hell, I'm actually glad it's in 7k rn cause I can be rest assured that it has regulated there and market pushes or pulls wouldn't easily influence it.

[dimonstration]

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

Even halving will happen this 2020,we can't still say that's its a deep already. Chances are the  price can still move down before halving happens. Bitcoin is volatile and even there are events that should affect the price, it's still not happening as the trend change after the ATH effect. It will all depend on us were to decide on selling and buying.

[Oceat]

in my opinion prices now very cheap and the bottom already in ; the prices should be 10k at latest . all past halving give rides huge green . for this reason everyone should buy right now . but wait buying cheap and cheap is not good for me

Even halving will happen this 2020,we can't still say that's its a deep already. Chances are the  price can still move down before halving happens. Bitcoin is volatile and even there are events that should affect the price, it's still not happening as the trend change after the ATH effect. It will all depend on us were to decide on selling and buying.

Technically, I would say that the bottom has been hit already this year when Bitcoin hit the $3,500 and that was the very bottom that I know within this year. But if someone wants to know about the another bottom well, I don't know what bottom are they looking up. Bitcoin support is quite strong that it stays at $7k after it drop from $6k.

[longyenthanh]

Bottom is the price you set yourself while a stock or crypto coin is falling. No one can be sure of what will be the exact bottom, it can be only confirmed when a stock or crypto coin start moving up and that was too late to buy anything. So make up your mind and start buying at price you think is minimum.

[Reid]

So are we really going to risk the waiting period?
What if doesn't happen?
I dont think so.
There are cases in bitcoin where analysts are making the wrong prediction and it happens a lot.
Yeah, I want to buy it cheap but not to the extent where I might risk it too much of the coming uptrend wave.

[fabiorem]

Bitcoin is still in a bear market after two years, and had some sideways movement during the last year.
Its true the bottom is not in, but if you buy small amounts, and plan for a long period, its not a bad idea to buy now.

Remember that we are in halving year, and even if the cycle got stretched, the probability of a reversal will grow larger as time passes. So buy it now or regret later.
For now, the price is still pointing to $3500, but any sudden bearish movement could trigger a reversal.

[panganib999]

So are we really going to risk the waiting period?
What if doesn't happen?
I dont think so.
There are cases in bitcoin where analysts are making the wrong prediction and it happens a lot.
Yeah, I want to buy it cheap but not to the extent where I might risk it too much of the coming uptrend wave.

Well, taking an investment into BTC is already a risk in of itself. Analysts do indeed make mistakes, that's why the practice of DYOR is always followed in trading and investing though. Just invest what you can and imo, you should be fine. It doesn't need to be a huge investment of thousands to millions of dollars. Even a hundred is fine, as long as you can handle the amount and it being subtracted from your total budget is not enough to affect your life.

Bottom is the price you set yourself while a stock or crypto coin is falling. No one can be sure of what will be the exact bottom, it can be only confirmed when a stock or crypto coin start moving up and that was too late to buy anything. So make up your mind and start buying at price you think is minimum.

Isn't Bottom the price of BTC after a bear run? or at least at a certain period of time, where it doesn't go below that. Like for this few months, the bottom of BTC was around 6.4-6.6k iirc.

[beerlover]

Bottom could be around these prices, there is no way bitcoin stays the same so I am sure there is still a "possibility" of bitcoin going lower that is for sure, I wouldn't disagree with that idea but what if the price suddenly increases like hell? That means the bottom at $7k and then a new price of $15k or whatever bitcoin does crazy would mean $7k was the bottom, sure there are always chances of going down to $5k but we can't just let that above $10k possibility go away neither.

So, I think bottom is where we decide next the bottom is, if we decide to go down then that is the new bottom, if we decide to go up then this is the bottom and that is why what happens in the future decides the today's prices so much as well. I personally think this is the bottom, we are not going anywhere under $6.9k at all.

[BChydro]

Don't lose sight of the BIG BEARISH picture! So many people are calling the bottom right now, but the big picture analysis says that the bottom is NOT in.

If you are expecting a bottom in the next few months then you are free to hold your investment and invest during that period, i really do not trust any analyst who predicts the market simply because they do not have the data they require to analyse because the market is just ten years old and you cannot trust an analysis like that. If there is a bottom coming up i really do not mind investing further and wait for the next rally.

[Baofeng]

We have like what 5 months from halving? I think we have reach the bottom when we hit ~$3.4k last 2018. And I don't think that we can go down even further. At $1k-$2k BTC per pop? Nah.

We could be trading sideways around the $7k-$8k for months and unless there's a massive FUD then we won't see any further down-side, in my opinion.

[Wexlike]

We have like what 5 months from halving? I think we have reach the bottom when we hit ~$3.4k last 2018. And I don't think that we can go down even further. At $1k-$2k BTC per pop? Nah.

We could be trading sideways around the $7k-$8k for months and unless there's a massive FUD then we won't see any further down-side, in my opinion.

Yeah I agree, the chances for some more boring sideway action are rather high.

[exstasie]

Bitcoin is still in a bear market after two years, and had some sideways movement during the last year.

We'll only know that in hindsight. It's impossible to know at this point whether the rally to $13,880 was a bull trap or the beginning of a bull market. Personally I think the best Elliott Wave counts and Wyckoff schematics point to a new bull market.

Either way, we need to break the June highs or the December 2018 lows to know for sure.

[JimboToronto]

Bitcoin is still in a bear market after two years, and had some sideways movement during the last year.

Nonsense. It doubled in price in 2019.

[darkangel11]

Bitcoin is still in a bear market after two years, and had some sideways movement during the last year.

Nonsense. It doubled in price in 2019.

Without new highs it's still a bear market. We can't even stay at 50% of the ATH. Take any asset, divide its value in half, then again go a bit lower to 40% of ATH where we're at now and tell investors that it's bullish. Dead cat bounces in a bearish trend are common but they are only dead cat bounces if they can't even form a double top. An 80% price decline and then a pump back to 50% of ATH and a fall to a higher low is a clear sign of consolidation. If the fall after the bounce would be to a lower low it would be a continuation trend.

[Harlot]

Looking at the same chart you are using I already see that their is a flaw on your analysis. If you are seeing the price movement from point (4) to (5) you will see that the volume is already falling yet the prices are still increasing the price increase even started at point (3). Volume analysis for a longer time frame like this one makes it inaccurate as there are too many price movements and other indicators not being considered. Still looking at the chart we can clearly see that the overall chart is going up and there is no clear indication that a strong down trend has been formed at present.

[samcrypto]

We have like what 5 months from halving? I think we have reach the bottom when we hit ~$3.4k last 2018. And I don't think that we can go down even further. At $1k-$2k BTC per pop? Nah.

We could be trading sideways around the $7k-$8k for months and unless there's a massive FUD then we won't see any further down-side, in my opinion.

Yeah I agree, the chances for some more boring sideway action are rather high.

The bottom was hit, we wont go back on that level again. The halving hype will soon to conquer the market and it will make the price of bitcoin big again so watch out. The FUD will hurt the market but the halving is here to revive the market. Don’t look for any bottom now, you have to buy and get more bitcoin before its too late.

[figmentofmyass]

Bitcoin is still in a bear market after two years, and had some sideways movement during the last year.

Nonsense. It doubled in price in 2019.

Without new highs it's still a bear market. We can't even stay at 50% of the ATH.

technically that just makes it a ranging market until proven otherwise. the beginning of any bull market is established by uptrending to lower highs.

the 345% bull run we saw in the first half of 2019 is definitely not bear market behavior, either.

[cutesgirl]

Don't lose sight of the BIG BEARISH picture! So many people are calling the bottom right now, but the big picture analysis says that the bottom is NOT in.

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[maxreish]

How bottom is it? 2018's bottom was $3k, 2019's bottom was $6k-$7k. And we are still at the bear market, since we can't really say when will the bull occur and the volume of investors who are selling btc are still high, then the bear is still here. However, there are so many predictions that it will recover soon especially with halving event's approaching. Remember that technical analysis will change, too. So, do not rely on this.