Abolute bottom of Bitcoin?

[ethereumhunter]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

The answer will be no one knows but you can still predict how deep bitcoin price will reach later. Bitcoin price is getting down again this day, and the price is still going down. Hopefully, it will not go down too far and the bitcoin price can rise slowly after reach the bottom. But it still a mystery to us about the bottom price because we never know what will happen to bitcoin. I hope there is no bad news coming at this moment because that can make the price jump down for more.

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[thecodebear]

Looks like we did just get the big bottom of the market! $30,000 it was. 54% drop from high seems reasonable for the big bottom considering there was no blow-off top and their won't be a crypto winter but just a lull for a few months before the price we're pushing to new ATHs again.

I figured $40k would be the bottom, turned out it was $30k but it's finally in. The panic can stop now they we've hit bottom prices and fiercely bounced off as the bottom is rejected.

[STT]

Its reasonable to say its hit various measures to indicate a harsh fall, that alone can cause people to close shorts and so on.    So 50 week average is (27.8k)  here and also a rough trend marking the most aggressive stance from the stop.



This is only a rough sketch but I take it as reasonable anyway, weekly bars we broke the range held for months and then kept on rolling downhill.   We had a ton of speculators in the price whatever people might have thought about strong hands, people like profit and sell when its endangered quite a simple concept.    Since we got to close the 50 week average thats a good place to start to measure any strength or reaction, also watch 2 day average for a cease and desist to the offers.   Till its beaten 2 day average I dont think its begun any rise properly, its got to stabilize and probably this takes some time to do so.
30k to 20k is an area I will consider fair buy is some old note I'll stick to, I actually hope I get the chance to do that.

[LUCKMCFLY]

We all already know that BTC has fallen 15% more, roughly more than 35% than Peter Brandt at one point said, now the short-term analysis in this case suggests that it has downward pressure at all costs, however, it is not for that panic, you should be cautious and those who can buy in the fall would be a very smart move:

Bitcoin (BTC) has tested the zone of $30,000 where most of the liquidity is focused. In addition, it crossed the MA 200 on the daily chart that confirms ongoing bearish pressure. However, one may expect a short-term bounceback from the current levels to the nearest resistance at $42,000 soon.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-19

This is just a drop, it is normal in any market, I do not think this will go to the bottom, many are taking advantage of the huge FUD, but it is not to panic.

[Desscount]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

you made it mate! Bitcoin price fell to $ 30k, and now it has increased again and is trading at $ 38k,
indeed there are indications that it will decline again because the $ 40k resistance has not been exceeded in the 1 day Time Frame,
I myself am still monitoring, should I cut losses and buy back or hold again

[Woodie]

Just looking at my portfolio and seeing the massive price drops all in red paint, it's just too much to take in for now am staying off the charts I can't take this any more...some of my coins are almost -50% in value. These are times you would wish cryptos were centralized to control these drops.

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My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

The halving is about to happen within the next 3 years and I'm assuming that we'll never see $30k as the lowest by that time IMHO.

3years is a long time, and anything can happen before the halving , and if you say $30K won't see light when we approach it's, what happens if the halving find btc price trading below $30K??
I guess no one can see that far into the future!

 

[Wawa2013]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

you made it mate! Bitcoin price fell to $ 30k, and now it has increased again and is trading at $ 38k,
indeed there are indications that it will decline again because the $ 40k resistance has not been exceeded in the 1 day Time Frame,
I myself am still monitoring, should I cut losses and buy back or hold again

The price of Bitcoin has fallen quite deeply now, so we shouldn't be in a rush to make a decision. But I do agree that the Bitcoin price may still
fall again, after several failed attempts to cross the resistance price of $ 40k. We'd better monitor in advance until the end of this week,
if Bitcoin continues to fall my advice is to cut loose and buy back at a low price. But the decision is yours alone, just follow the results of
the analysis that you have done. Because following other people's opinions in a situation like this is very risky.

[AmoreJaz]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

you made it mate! Bitcoin price fell to $ 30k, and now it has increased again and is trading at $ 38k,
indeed there are indications that it will decline again because the $ 40k resistance has not been exceeded in the 1 day Time Frame,
I myself am still monitoring, should I cut losses and buy back or hold again

The price of Bitcoin has fallen quite deeply now, so we shouldn't be in a rush to make a decision. But I do agree that the Bitcoin price may still
fall again, after several failed attempts to cross the resistance price of $ 40k. We'd better monitor in advance until the end of this week,
if Bitcoin continues to fall my advice is to cut loose and buy back at a low price. But the decision is yours alone, just follow the results of
the analysis that you have done. Because following other people's opinions in a situation like this is very risky.

as no one can tell you exactly what will happen in the market, one week or a month from now. what you can do, is do your own analysis of the market situation and your situation. how far can you hold or how much can you afford to lose in this market if the price continues to go down? no one can assess your situation but yourself.
it is indeed hard to decide based from others' opinions because we have different situations in our lives. so if you think it is the best route in your situation, take it. but take note, don't regret it later.

[ethereumhunter]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

you made it mate! Bitcoin price fell to $ 30k, and now it has increased again and is trading at $ 38k,
indeed there are indications that it will decline again because the $ 40k resistance has not been exceeded in the 1 day Time Frame,
I myself am still monitoring, should I cut losses and buy back or hold again

The price of Bitcoin has fallen quite deeply now, so we shouldn't be in a rush to make a decision. But I do agree that the Bitcoin price may still
fall again, after several failed attempts to cross the resistance price of $ 40k. We'd better monitor in advance until the end of this week,
if Bitcoin continues to fall my advice is to cut loose and buy back at a low price. But the decision is yours alone, just follow the results of
the analysis that you have done. Because following other people's opinions in a situation like this is very risky.

I am concerned too as I saw yesterday, the price is run to the lowest price and makes many people panic. You can cut losses and buy back at a low price, but you need to be careful because there is no guarantee to buy bitcoin at a low price. The price can still go down after we buy, so that needs more analysis to find a good time to enter the market. This moment will be unpredictable for us, making it difficult to find the time to buy back bitcoin.

[goaldigger]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Hopefully you're right, we just hit the price of $30k yesterday and this might be the bottom for this year trend but still the market is unpredictable and everything is possible to happen even the worst thing. A week after making this post, Bitcoin hit this price level hope that you save yourself from this downtrend because I didn't see this one coming, and I miss the chance to secure my profit. 

[uninterestedparty33]

Looks like we did just get the big bottom of the market! $30,000 it was. 54% drop from high seems reasonable for the big bottom considering there was no blow-off top and their won't be a crypto winter but just a lull for a few months before the price we're pushing to new ATHs again.

I figured $40k would be the bottom, turned out it was $30k but it's finally in. The panic can stop now they we've hit bottom prices and fiercely bounced off as the bottom is rejected.

This guy...it seems like if we went to $20k he'd call it the true true bottom.

[slaman29]

This guy...it seems like if we went to $20k he'd call it the true true bottom.

I don't think there was anything wrong with what he said. He seems to clearly say he *thinks* it could be the bottom, and I'm sure if we drop again he'll adjust it. He wasn't giving an ultimatum or even a prediction for the price. This is completely normal for anyone in this Speculation thread;)

[South Park]

I just hope that this is the basis. however, current prices have fallen too far. In addition, bitcoin price ranges are still hovering at $ 43k to $ 45k. I expect $ 42k to be the lowest drop this month. other than that, I'd really like to see another $ 50k price at the end of this month. Well, I hold on to it, and try not to panic selling.

We will have to see what happens from now on, there were a few minutes in which we even reached 30k for each coin, the price quickly recovered but now we are still below the 40k level and it seems it is going to take some time for the market to recover from this attack, however even if people are scared people should not get discouraged as even with the current drop I do not think the bull market is over which means that you could easily double your money in a few months if you invest now.

[kryptqnick]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

It's very hard to predict the future of such a volatile market, and all we can do is look at history for some insights, even though history might not repeat itself. The last time, Bitcoin was at the top in the middle of December 2017, and within two months, the price dropped to $8k. The dip with the price being less than $4k, however, came a year after the ATH point. This time around, the price was at the top throughout March and April and half of May (so it was 2.5 months at least, but arguably even longer if we count from BTC reaching $40k), and Bitcoin is 40% down vs the last time's 60% down point after two months. So clearly, things are happening slower this time. It should also be noted that IMO the price dropping to $4k was abnormal and caused by Craig pulling a lot of effort into this, so perhaps nothing like this will happen this time, and in that case, the dip will be reached in about a month, more or less, at which point the price will stabilize (give or take) and remain at around $25k for a year or longer. Of course, these are all just my assumptions based on what happened the last time, and they can prove to be very inaccurate because the past cannot predict the future.

[Oasisman]

Looks like we did just get the big bottom of the market! $30,000 it was. 54% drop from high seems reasonable for the big bottom considering there was no blow-off top and their won't be a crypto winter but just a lull for a few months before the price we're pushing to new ATHs again.

I figured $40k would be the bottom, turned out it was $30k but it's finally in. The panic can stop now they we've hit bottom prices and fiercely bounced off as the bottom is rejected.

This guy...it seems like if we went to $20k he'd call it the true true bottom.

Well, nobody really knows where the bottom is. So, most definitely you can either say the true true true bottom If it goes below $20,000 right?
Nevertheless, everyone is just speculating with how Bitcoin would react to news and price forecast.
However, Bitcoin has been moving sideways from $31,000 to $39,000 last couple of days, and there's still a huge possiblity that $30,000 isn't the bottom yet, before Bitcoin bounces back to $50,000+ or hit another ATH.

[Shasha80]

Looks like we did just get the big bottom of the market! $30,000 it was. 54% drop from high seems reasonable for the big bottom considering there was no blow-off top and their won't be a crypto winter but just a lull for a few months before the price we're pushing to new ATHs again.

I figured $40k would be the bottom, turned out it was $30k but it's finally in. The panic can stop now they we've hit bottom prices and fiercely bounced off as the bottom is rejected.

This guy...it seems like if we went to $20k he'd call it the true true bottom.

Well, nobody really knows where the bottom is. So, most definitely you can either say the true true true bottom If it goes below $20,000 right?
Nevertheless, everyone is just speculating with how Bitcoin would react to news and price forecast.
However, Bitcoin has been moving sideways from $31,000 to $39,000 last couple of days, and there's still a huge possiblity that $30,000 isn't the bottom yet, before Bitcoin bounces back to $50,000+ or hit another ATH.

Indeed, no one knows at what price the true bottom of Bitcoin is, because the movement of Bitcoin is still difficult to predict.
But I hope Bitcoin will not drop below the $ 30k price, although there is a possibility that the Bitcoin price could drop below the $ 30k price.
If we look at Bitcoin it always fails to rise back above the $ 40k price. Hopefully in the near future there will be good news about Bitcoin,
so it can be a trigger for the Bitcoin price to rise.

[Reid]

Indeed, no one knows at what price the true bottom of Bitcoin is, because the movement of Bitcoin is still difficult to predict.
But I hope Bitcoin will not drop below the $ 30k price, although there is a possibility that the Bitcoin price could drop below the $ 30k price.
If we look at Bitcoin it always fails to rise back above the $ 40k price. Hopefully in the near future there will be good news about Bitcoin,
so it can be a trigger for the Bitcoin price to rise.

Yeah, I want to see it play with 43-45k and maybe 3-6 months again with a stagnant movement.
IMO, that is a good thing if Bitcoin could withstand any FUD that will come out.
It's great that it recovers quickly from $36k - 440k then now back to $35k. I don't think the dump is yet over.
The only thing that prevents it from sliding in one big sweep are the hodlers which I think will play a big role in avoiding a massacre.

HODL guys or use this as a chance to enter the Bitcoin world. Who knows if it will double its price again.

[sana54210]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Hopefully you're right, we just hit the price of $30k yesterday and this might be the bottom for this year trend but still the market is unpredictable and everything is possible to happen even the worst thing. A week after making this post, Bitcoin hit this price level hope that you save yourself from this downtrend because I didn't see this one coming, and I miss the chance to secure my profit. 

I honestly hope that 30k was the bottom, but at the same time I feel like if we are going to recover then maybe dropping even more doesn't matter? I mean think about it this way, if we can end up with a decent amount of money right now, that means we are not going to want to go from here, we would want to go from lower. So which one would you prefer, go from 40k to 70k? Or go from 30k to 70k?

It means what should we want depends on what we will get, if we are going to not get any of those recovery high levels then I do not want to fall at all. What we can expect from bitcoin is that there is a true amount of companies who got into bitcoin and still in bitcoin and some of them are still buying as well, it is not like back in 2017 where it was just us and even the rich people were selling theirs (mt.gox trustee, jihan wu, craig wright etc etc) so that we were screwed, now we have rich people in the bull side and that is why I do not think that we will fall like those days.

[Shasha80]

Indeed, no one knows at what price the true bottom of Bitcoin is, because the movement of Bitcoin is still difficult to predict.
But I hope Bitcoin will not drop below the $ 30k price, although there is a possibility that the Bitcoin price could drop below the $ 30k price.
If we look at Bitcoin it always fails to rise back above the $ 40k price. Hopefully in the near future there will be good news about Bitcoin,
so it can be a trigger for the Bitcoin price to rise.

Yeah, I want to see it play with 43-45k and maybe 3-6 months again with a stagnant movement.
IMO, that is a good thing if Bitcoin could withstand any FUD that will come out.
It's great that it recovers quickly from $36k - 440k then now back to $35k. I don't think the dump is yet over.
The only thing that prevents it from sliding in one big sweep are the hodlers which I think will play a big role in avoiding a massacre.

HODL guys or use this as a chance to enter the Bitcoin world. Who knows if it will double its price again.

Bitcoin is currently still struggling to get past the $ 40k resistance price, hopefully all of our hopes will be achieved, Bitcoin can recover to
a price of $ 43- $ 45 again. Although we must admit that the possibility of the dump is not over yet, if it turns out that in the near future
Bitcoin dumps back even deeper. My advice is that we all have to be patient and HODL the Bitcoin that we have, because Bitcoin will definitely
recover soon, that's something we must be  sure of. Even if we have extra money, we have to buy more Bitcoin, because if the Bitcoin is
recovered we can get double the profit.

[South Park]

Well, nobody really knows where the bottom is. So, most definitely you can either say the true true true bottom If it goes below $20,000 right?
Nevertheless, everyone is just speculating with how Bitcoin would react to news and price forecast.
However, Bitcoin has been moving sideways from $31,000 to $39,000 last couple of days, and there's still a huge possiblity that $30,000 isn't the bottom yet, before Bitcoin bounces back to $50,000+ or hit another ATH.

All what we can do right now is to wait, things are extremely difficult, the market is moving in a weird way and it is unlikely things can remain this way for long, so sooner or later we will be given a signal by the market about the direction that it will take during the next weeks, if the price goes above the 40k level then this will be a clear signal that bitcoin will resume its upward movement but if it goes below 30k once again then there is the possibility the bear market has actually arrived.