Was $25K the bottom?

[hatshepsut93]

The argument that the pattern has been broken works both ways. Because we're in uncharted territory, now many scenarios can not be excluded, even dropping below $20k. Just like a sudden bull market can not be excluded too. But if we look at the 2021 run, it happened during the hype about institutional adoption. Nowadays there's no hype, in fact the world is laughing at cryptobros who lost everything. I don't think it's possible to have a bull market in a severely negative media environment.

[1714952390]

1714952390

[1714952390]

1714952390

[STT]

65% is alot that is bullish and worth taking note of for long term volume etc., need to save that one.  I dont think this current wave down is especially been challenged just yet, this weekly bar just closed has not been the positive that needs to appear.   The bottom pricing is hard to call, its a process not an event is the phrase one trader I follow uses.  On that basis its still a struggle, I still rate price action negatively and probably sideways is the first thing it has to do before a good possibility of positive thats stays green.



This sequence of continual decline is not usual.  I would guess having found 50 week as a top roughly we may need to visit the 200 week also and that would match events such as DXY peaking etc.

[adaseb]

Another thing I forgot to mention is the BTCUSDLONGS on Bitfinex. If you put in the ticker in trading view you will see that many bought the dip. Usually when Bitcoin dips they load up and when it rips they off load.

Question is how much are they going to buy exactly? It’s already at ATH. However if Bitcoin dips more to like $20K they can also keep buying, most likely not get liquidated and it’ll be like 100K worth of Bitcoin longs.

[savetheFORUM]

The pessimistic scenario is that the investors are running away from the crypto markets searching for safe heavens like gold and commodities.

A true crypto investor won't abandon his crypto assets just because of this situation because they know that this situation is not new anymore. I thought crypto was called as a safe haven/heaven before? But it looks like they changed their mind and think that gold and commodities are the real safe haven, lol.

In this case,the crypto price recovery won't happen anytime soon and we will have to wait for until 2024.
I don't see any major FUD attack against Bitcoin right now.There's no reason for FUD.The big governments/central banks aren't acting hostile towards BTC,the blockchain is doing just fine.This gives me hope that Bitcoin will rise like a phoenix in the upcoming years.

There might be no recoveries for a while and there's a chance that the price can only drop further but I don't think it can take up to the year 2024 only to see a good recovery. That's too long. Current situation are prone to fuds. You may not only notice it but it is actually happening now but you are right, there is no real reason to fud or to get affected by the fud's because what we are seeing now aren't going to last forever.

[maydna]

There is a chance to see $25k as the bottom and stay at that level for a while. But as usual, we don't know if that can happen or not while many of us doesn't want to expect to see that price. If the price down to that level, we can't do anything except following and use that moment to buy more bitcoin. We know that the next dip can make people become more panic as they don't expect that thing to happen.

But bitcoin will recover sooner or later and hopefully, the recovery process will come after the middle of this year or next year. The price now is down to $29k and the green candle shows up so we can hope that it will really increases for bitcoin.

[Raflesia]

There is a chance to see $25k as the bottom and stay at that level for a while. But as usual, we don't know if that can happen or not while many of us doesn't want to expect to see that price. If the price down to that level, we can't do anything except following and use that moment to buy more bitcoin. We know that the next dip can make people become more panic as they don't expect that thing to happen.

But bitcoin will recover sooner or later and hopefully, the recovery process will come after the middle of this year or next year. The price now is down to $29k and the green candle shows up so we can hope that it will really increases for bitcoin.

This is what I can't expect, but if that happens, whatever the power, we must be prepared for any situation when there is still capital to buy at a price of $25k why not, maybe the lowest price for us to continue to buy as low as possible.
Something must have happened this is still bearish for the crypto market, price stability can't be guessed but what we hope for is a recovery because I bought it at $29k.

As in this video I often experience: 
https://www.facebook.com/Phemex.official/videos/361417722629129

[Reid]

$26k. The lowest I have seen ever since it hit an ATH. I am riding the side of believing it is the bottom. It is cheap. We have seen it go up in manners that is hard to explain so I am guessing there are still investors who are willing to wait and they might be successful just using mere patience.
Even those who sold at $35k will be in good profit now if they will buy back with a good amount of increase in BTC and all they need to do is keep it again.
It's a win-win for the patient investors and for those who got scared.
The big question is, are they already buying back or getting greedy to wait for a lower price? I think they should buy already or they will miss the new train.

[Vatimins]

     Well, I for one was expecting a reversal half way through this month and for the short term I am extremely bullish. In a couple of days if the momentum goes well then I will get more and more bullish midterm. Although I haven't placed long positions on leverage yet, I am quite satisfied that I was able to buy some altcoins and a little bit of satoshis on spot when bitcoin was at 25k-27k+. I also bought some shitcoins and low cap coins for fun that I wish would surprise me a couple months from now after forgetting about buying them. xD

[Mamun74]

I think it will happen coming days.Now market condition very hard and very hard to predict bitcoin price. This month bitcoin price staying $28k-30k.For my experienced,Bitcoin price was under $25k but it already touched in $68k+ in 2021 too.But bitcoin price early dropped in 2022 and bitcoin price was around $40k previous 2-3 month.I hope bitcoin price will be more improve this year and bitcoin will be more grow in this year.

[fzkto]

Perhaps I am panicking, but it seems to me that this time we are all witnessing something new, perhaps a long-term depression after an unpredictable fall. The whole world is now on the brink of a huge crisis, I don't think it needs to be said. And bitcoin has not yet experienced a global crisis since its launch. So it seems to me that guessing the bottom right now is very difficult.

[maydna]

There is a chance to see $25k as the bottom and stay at that level for a while. But as usual, we don't know if that can happen or not while many of us doesn't want to expect to see that price. If the price down to that level, we can't do anything except following and use that moment to buy more bitcoin. We know that the next dip can make people become more panic as they don't expect that thing to happen.

But bitcoin will recover sooner or later and hopefully, the recovery process will come after the middle of this year or next year. The price now is down to $29k and the green candle shows up so we can hope that it will really increases for bitcoin.

This is what I can't expect, but if that happens, whatever the power, we must be prepared for any situation when there is still capital to buy at a price of $25k why not, maybe the lowest price for us to continue to buy as low as possible.
Something must have happened this is still bearish for the crypto market, price stability can't be guessed but what we hope for is a recovery because I bought it at $29k.

As in this video I often experience: 
https://www.facebook.com/Phemex.official/videos/361417722629129

That is why we must always be ready for whatever will happen in the market so that we can move based on the situation that occurs. We should be able to prepare some money to buy at low prices because it looks like this situation will continue. If you can buy low and sell high and repeat, I think you will get a lot of profit, which means your opportunity to make more money will be there.

You can sell some of the bitcoins you bought at $29k if the price returns to the $30k-$31k level and wait for the price to get another correction. But still, be careful with this situation.

[asrinur]

The bitcoin market has plummeted for nearly the past month. Bitcoin has dropped about 20% from its current $40k to $30k price. If the market continues to decline then we will most likely see the price of bitcoin going down to the $25k area probably in the next few weeks. Moreover, so far the market's attitude is still very panicked, it is possible that the downward trend in prices will continue.

[rodskee]

with the strong holding of Bitcoin showing at 30k and above now? i believe that what we have couple days ago in which stands as 26k is the bottom and this is the start of the growing market now.
https://coinmarketcap.com/currencies/bitcoin/
Maybe there are slight drop that may come soon but at least this will go up this year alone and this is what I am rooting .

The bitcoin market has plummeted for nearly the past month. Bitcoin has dropped about 20% from its current $40k to $30k price. If the market continues to decline then we will most likely see the price of bitcoin going down to the $25k area probably in the next few weeks. Moreover, so far the market's attitude is still very panicked, it is possible that the downward trend in prices will continue.

Bitcoin price is plummeting since December last year so this is normal , what we are waiting is the Bullying .

[istiak2277]

To be honest, there is not enough cash inflow in the market and the recent luna disaster wiped out 40B of cash from the entire ecosystem. I am expecting the BTC price to go around 20k or even lower. You will not find any similarities in historical patterns because everyone is analyzing them in different time frames. But one pattern is looking similar and that is after a long bull market, the BTC market stays bearish till the next halving.

[ultrloa]

To be honest, there is not enough cash inflow in the market and the recent luna disaster wiped out 40B of cash from the entire ecosystem. I am expecting the BTC price to go around 20k or even lower. You will not find any similarities in historical patterns because everyone is analyzing them in different time frames. But one pattern is looking similar and that is after a long bull market, the BTC market stays bearish till the next halving.

Its hard to imagine that we will have long bearish moment until the next halving since for sure if we see dump we also see recovery so maybe the best thing what we can call it is pump and dump scenery. Maybe for now many are scared due to luna incident but I'm sure that they can get over with it and stay intact with other good alternative coins as well with BTC.

[btc78]

Many of you will read this and probably think hell no: We go to $20-$22K. We go down 80% like every time to $14K. There'll be a multi-year bear market. But what if most of you were wrong.

80% is indeed from from happening now , bitcoin had its strong support even from independent investors things that is not with us from the past increases, I mean not as huge as we have now.
the support is really strong that made Bitcoin price keeps high even in the whole 1st quarter of 2022 things that not happened in the 2018 after bull year.

Things repeat when they rhyme. But by enough metrics such as log growth, timing and 6 months apart double top, there is little rhythm compared to previous cycles.

Thanks for this sights mate and I do believe that Indeed 25k will be the lowest we can ever have again unless there is another somewhat like Covid 19 to come along then things will change .

[Kemarit]

To be honest, there is not enough cash inflow in the market and the recent luna disaster wiped out 40B of cash from the entire ecosystem. I am expecting the BTC price to go around 20k or even lower. You will not find any similarities in historical patterns because everyone is analyzing them in different time frames. But one pattern is looking similar and that is after a long bull market, the BTC market stays bearish till the next halving.

Its hard to imagine that we will have long bearish moment until the next halving since for sure if we see dump we also see recovery so maybe the best thing what we can call it is pump and dump scenery. Maybe for now many are scared due to luna incident but I'm sure that they can get over with it and stay intact with other good alternative coins as well with BTC.

Yeah, but we've seen it in the past, 2018 and early part of 2020 was extreme bullish as we have seen the price going down to $3,000 because of covid-19 effect.

And now, the Luna pitfall, so we shouldn't discount the fact that we hasn't seen the bottom price yet for this bearish trend.

[Sebas.tian]

I think, it will be difficult for bitcoin price to drop down more than $25,000 before it will increase higher to a level where investors will start rejoicing for the massive income they have been waiting for in the community. Since the price of bitcoin has dropped down to $27,000 in this month of May, showed that investors will soon experience positive change in the market price before the end of this month because bitcoin teams are seriously working to make it happen soon for every investors to smile again in the community.

[justdimin]

The bitcoin market has plummeted for nearly the past month. Bitcoin has dropped about 20% from its current $40k to $30k price. If the market continues to decline then we will most likely see the price of bitcoin going down to the $25k area probably in the next few weeks. Moreover, so far the market's attitude is still very panicked, it is possible that the downward trend in prices will continue.

You are looking at the drop, but not the increase and that is the problem with the market right now, and all those who didn't made any profit. Sure it went from 40k to 30k if you look at it that way, but along the way it reached 26k and bounce backed to 31k as well. Why not look at it that way?

Why not check out the situation as a good thing and how we failed to go down even further. Not like there was anything that keeps us from going that that much further, we could have gone down that much, but we failed to do that which means that we already found our bottom and things are looking good for us. So instead of looking at how much we dropped, look at how much we moved up.

[kotajikikox]

To be honest, there is not enough cash inflow in the market and the recent luna disaster wiped out 40B of cash from the entire ecosystem. I am expecting the BTC price to go around 20k or even lower. You will not find any similarities in historical patterns because everyone is analyzing them in different time frames. But one pattern is looking similar and that is after a long bull market, the BTC market stays bearish till the next halving.

that scenario had been in the market for long , that After halving and before halving scenario , though we can see that semi strong holding from bitcoin this years compared to the recent 2018 when the price literally fell hard after 2017 bull.
and yes that LUNA issue makes the volatility of the whole market move again and this affect a large volume of trading for days now.