Bottom For Bitcoin?

[andriarto]

The bottom of Bitcoin is apparently 17500, but according to experts, the month of September has always been bad and no good news is coming out. Bitcoin crash is also due to the upcoming CPI data.  Can also dump Bitcoin and make a new bottom due to MT Gox Token. Bitcoin may come down further in next few days or weeks, chances are also seen.bitcoins Can dump 12k to 16k.

I think if bitcoin can break through the $17k support area, then the bearish possibility will continue, but I think that area will become strong support, and at least there will be a bounce if we look at it from a technical analysis, regardless of fundamentals. Unfortunately the positive news about crypto hasn't arrived yet and this is what makes investors' psychology wait and see for the market to react

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[Baofeng]

The bottom of Bitcoin is apparently 17500, but according to experts, the month of September has always been bad and no good news is coming out. Bitcoin crash is also due to the upcoming CPI data.  Can also dump Bitcoin and make a new bottom due to MT Gox Token. Bitcoin may come down further in next few days or weeks, chances are also seen.bitcoins Can dump 12k to 16k.

We can only hope for the best this month of September, but as you can see, we go to $19k, but the market rebounded and get back to our support level of $20k. I think the CPI announcement has been price in already. But the Mt. Gox is still going to haunt us maybe till next month.

However, I don't see it dumping to the price that you have protected, for me the lowest low are already in at least for this year, around $17,500. If we will go down that low, we should have seen it already, but we didn't. Again the lowest we got is just $19k.

[Webetcoins]

It’s hard to tell what would be the bottom of Bitcoin. Some analysts say that bitcoin is going to dip further and the crypto winter will last for at least next 2 years.

If i'm not predicting it wrong. By the end of year bitcoin will hit its bottom and will start recovery in 2023.

Analysts sucks they put you in FOMO And FEAR hence dont believe them... Do hold your bitcoins if you believe in it

For now possibly we will go to upwards and then down dont knew how down it will be but mtgox FUD still hangs over the head.

I do agree that "experts" do not really considered to be some people who are doing it for the right reasons, they are doing to either get clicks or get attention and nothing more. Which is why I don't think that we should be expecting them to give real and valuable suggestions that will turn out to be true.

Of course, some of them could be right once in a while, I can say that in September the price would go up to 25k or more, and if it doesn't happen then I am wrong as always, but if I am right, that doesn't mean that you should listen to me forever, next time if I say October will be high again and then it goes down, you listened to me for my success in September (or maybe even didn't but just saw it) and then lost because of October fail.

[Memorabilia]

This is one question that nobody can answer. Crypto market is extremely volatile. In such scenarios, you should check whether you can take a risk or not and invest accordingly.

[ChiNgadOr]

This is one question that nobody can answer. Crypto market is extremely volatile. In such scenarios, you should check whether you can take a risk or not and invest accordingly.

The best thing we can do for ourselves now is to keep investing no matter what the market does. Since there is time for everything, we need to keep buying Bitcoin and other altcoins that we like or see good reasons to invest in.

No body know when the market will finally go bull and we are now left with the option of buying and keep buying if the fund is available. I see those who does not know how the market moves keep complaining of loses or whether to wait more for the price of Bitcoin to fall before buying.

The pro traders know how this things work and they can even confuse us to sell so the price can go down more which could be an opportunity for them to keep buying the dip.

[ololajulo]

Most of my trusted crypto analysts predicts 10-13k bottom, sometimes it might take months to see such predictions come to pass but it will. Most buy orders is said to be in that range and nothing seem to be keeping the present price there, so it is likely going to drop. Just a bad news could help it, we have seen several cases like that. The psychology of the market especially with the traders is very important and their are good experts that understand this.