Was 17600$ was the bottom ?

[Reatim]

Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.

is there something we need to know? everything in this cryptoworld are speculations , we can call it now while it is different in the next day, so let them bring their perception  but do your homeworks for your own profiting .

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

Maybe  yes? or Maybe now ? the bottom will be happening in the next coming year , because remember that before halving there is always a dump to come.

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[Mauser]

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

I really hope this was the bottom and we are not going to see more dumps this year. The high volatility in the bitcoin market last week was really scary. The news article I read were really pessimistic and already expected a bitcoin price of below 10,000 USD. As always bad news sells much better and generates more clicks. Hopefully the longterm investors are not giving into that pressure and keep their coins. I am definitely not selling any of my coins. Also technical indicators showed the support barriers around the 14,000-17,000 USD level. And Robert kiyosaki stated publicly that he will be buying heavily around 17,000 USD.

[Mpamaegbu]

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

I still feel we aren't done with correction yet. My reason being that there isn't anywhere to find a major support again after it broke the $21,000+ line a few days ago. That's where it's at currently in rebound. On the weekly close, the bears aren't done. Though at Daily and D4hr TFs, there are signs of reversal, I still want to go with my earlier projection that the bears aren't done yet. It seems a bull trap for me. While I believe $12k could be possible, I don't think we can FUD Bitcoin to $6k.

[FatFork]

It is unlikely that we will see some improvements in cryptocurrency markets before the global economy generally improves and stock market indexes rise again. However, if the US can resolve its present administration's economic difficulties soon, and should conditions improve around the world, the overall stock market indexes may rebound. This would provide opportunities for a short-term buying frenzy, which would be a good time for traders to find opportunities to initiate new positions.

In terms of the price of Bitcoin itself, there have been several such declines in the past, with the biggest occurring after the bull run in 2018, when its value fell from $ 20k to about $ 6k. But as time passed, and the long-term trend reversed itself, Bitcoin's value began to rise again. This is still a fact that can't be refuted, and it has been consistent with Bitcoin's traditional trend.

[Wong Gendheng]

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

[btc78]

Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

We are not sure if we are already reached the bottom but what I am surely know is that the market is yet stable there are many obstacle to come from now and the following months.
remember that we are only going to enter the 3rd quarter in the 2 weeks time in which another dumping quarter as the record shows.

[dragonvslinux]

12 hours ago I saw the price of bitcoin around $ 22k, but now it is only around $ 21100

Not sure what exchange or trading pair you were looking at, but I don't think you did see price at $22K 12 hours ago. Maybe you were thinking $21K or something before $20K was re-tested. Last time we were above $22K was 5 days ago. As of typing, price is currently the highest since July 16th, 21% up from the lows. Looks like we were well overdue a bounce and now we're seeing one.

[Silberman]

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

For anyone that was one of the lucky few that were able to enter the market at the bottom or close to it there is not much of a need for them to sell their coins for such a small profit, if 17k was indeed the bottom then this means that during the next months or years they will not find themselves facing any kind of loss on their investment, which will allow them to hold their coins very easily without having to worry too much about it, unlike what happens with all of those which bought close to the ATH which will have to suffer almost every day as they see the price remaining so far away from the ATh.

[Mr.Scott]

The market looks strong today, Bitcoin breaks out $21k and moving smoothly.  Also, rest of the markets performs well, it's always great to watch green market. If anyone really thinks long term, hold is great. Purchasing when the market are transforming into green pretty insane, yet focus on something else for some time for making entry. Do your research so that you can still make money regardless of what direction the market heads. Bitcoin is the ruler, purchase if you can afford.

[smartaction]

The market looks strong today, Bitcoin breaks out $21k and moving smoothly.  Also, rest of the markets performs well, it's always great to watch green market. If anyone really thinks long term, hold is great. Purchasing when the market are transforming into green pretty insane, yet focus on something else for some time for making entry. Do your research so that you can still make money regardless of what direction the market heads. Bitcoin is the ruler, purchase if you can afford.

The market is getting a little green. Along with bitcoins, altcoins are also trying to rise. But the market is still in a bad position. It can go down again at any time. However, if you start going down this time, the price of Bitcoin will go below $ 15K. And if Bitcoin goes below $ 15K.  So, the market is not likely to be good in the couple years

[YOSHIE]

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

Because I'm not a whale or a big investor, so I'm a bit indifferent to the Bitcoin price phenomenon, $100k or $10k, I have done a lot of research and read about Bitcoin speculation in 2022 and beyond, of the speculations that I have seen below, the most interesting for me to be used as a guide for Bitcoin in the future.
For example:
BITCOIN MIGHT GO TO AS LOW AS US$10K BEFORE MAKING A COMEBACK

It has been speculated that the BTC price will hit US$10k in 2022-2023 as the worst-case scenario for the entire community of crypto investors and tech companies relying on this cryptocurrency for payment transactions. The prediction is that after hitting the rock-bottom level of US$10k, Bitcoin may turn around for a comeback while reaching the US$50k zone.

From the data above, I assume Bitcoin will go even lower than the current price, the bottom line: I hope, if it happens $10k, hopefully I can do something in Bitcoin for the future, I really lose, if the opportunity goes by and it's useless knowing Bitcoin has reached the level of $ 10k, without doing anything for sure and always in failure.

[GeorgeJohn]

This type of question is like asking what number will come out in the lottery tomorrow. If people can predict the bottom price for bitcoin then no buy and sell will happen in the market. People will just wait for the bottom price to buy which is very impossible. Bitcoin will lose value if no one is buying or selling, there should be a constant exchange between the two. What we can do is just prepare more funds  in case market goes lower.

it's an assumption, actually you got it right, because nobody will like to waste it fund or capital to buy cryptocurrency for higher price knowing that it will decrease to lower price as bottom side. If this actually happen, i think everyone cryptocurrency investors will exercise a huge patient to wait until the time it will get to the bottom side of cryptocurrency before buying. So from another dimensions it will basically have no Lost, because everyone knows it's time to invest.

[OgNasty]

The market looks strong today, Bitcoin breaks out $21k and moving smoothly.  Also, rest of the markets performs well, it's always great to watch green market. If anyone really thinks long term, hold is great. Purchasing when the market are transforming into green pretty insane, yet focus on something else for some time for making entry. Do your research so that you can still make money regardless of what direction the market heads. Bitcoin is the ruler, purchase if you can afford.

The market is getting a little green. Along with bitcoins, altcoins are also trying to rise. But the market is still in a bad position. It can go down again at any time. However, if you start going down this time, the price of Bitcoin will go below $ 15K. And if Bitcoin goes below $ 15K.  So, the market is not likely to be good in the couple years

I think we've just made it through the liquidity crisis that Do Kwon set in motion.  That's a huge step towards recovering to a healthy market.  One still can't ignore coming challenges though.  While we may not see further downside pressure from the events currently suppressing the market, there's still all the ETH2.0 coins to be unlocked and the mtgox coins waiting to hit the market.  Once those two challenges are in the rearview, it'll be off to the races again.  Those looking to catch the absolute bottom probably still have their opportunity ahead of them in the coming months.

[dragonvslinux]

While we may not see further downside pressure from the events currently suppressing the market, there's still all the ETH2.0 coins to be unlocked

Not all no, most are locked up in Lido as stETH and as we've already seen in recent weeks investors aren't waiting to redeem their stETH 1:1 with ETH, they seem quite happy to sell at a 5-10% discount, knowing price could easily be 5-10% lower than current price when 2.0 launches. Or others simply wanting more liquidity for any potential (anticipated?) further downside. Sure there will be others that will be keen to unstake and sell that are running nodes, given that prices are back to where most would have locked them up, but overall I think this is an issue for the wider altcoin market, thus unrelated to Bitcoin.

Thinks like Luna dumping BTC treasury affects Bitcoin, DeFi liquidations that were leveraged with WBTC (Wrapped BTC), 3AC insolvency when enough was long on Bitcoin, but locked Ethereum? I don't see the relevance at all, only that ETH will likely dump fruther against BTC in the near future, not necessarily USD either. We've seen this enough times with bitcoin seasons that can remain immune to shitcoinery.

That doesn't rule out Bitcoin recovering, to me it only suggests a 2019 scenario of a considerable Bitcoin recovery, followed by more carnage in the shitcoin market (valued against BTC at least).

[kawetsriyanto]

Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards.

No one really knows what the bottom is, even an expert should be difficult to predict it. $10k, $12k, or $15k for the bottom is purely speculation, people guess it with their own analysis. Sure, no guess who has a big accuracy, sometimes people just speculate it without any reason/research/analysis. However, speculation about the bottom will be $6k seems too much for me. I know it is not impossible, but it is too much if we consider the BTC ATH in the previous year.

[Oceat]

Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards.

No one really knows what the bottom is, even an expert should be difficult to predict it. $10k, $12k, or $15k for the bottom is purely speculation, people guess it with their own analysis. Sure, no guess who has a big accuracy, sometimes people just speculate it without any reason/research/analysis. However, speculation about the bottom will be $6k seems too much for me. I know it is not impossible, but it is too much if we consider the BTC ATH in the previous year.

My best guess of the bottom would be around at $12k to $15k if ever it's going to dump again but for now let's settle with the $17k then. Let's not expect something from the market since it always disappointing us when we try to speculate a specific price but it's not going to happen.

The best way to do for now is to buy that dip as much as you can because you won't be able to see this price again in the near future. This would be the cheapest price you will ever get so just think about it like that or you will miss the ship again. A lot of people keep regretting their decision in the past that they did not do when they still have the chance but instead they doubted.

[BlackBaron]

Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

Some of the members have already speculated $17,600, that's the bottom or there's another time we never imagined.

I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.

[tn211]

I reckon things are getting started now. Wherever I go prices are rising. Not just 8.6% inflation but way more. This will lead into much much more economic decrease and I don't think people will be able to hold onto to their precious coins. No some of us may be forced to sell, which will create more downward pressure on the price.

[cheezcarls]

Despite that we wanna see it as a possible bottom and a stronghold for supporters, there are no guarantees or promises about it. Anything could happen without warning, coz’ it’s possible that it can still break the support level like what we have initially expected. Actually, it’s way beyond our expectations that the Bitcoin price declined like this due to many factors such as the Luna crash, Celsius pausing withdrawals, etc. Typical market manipulation by the whales.

[Taskford]

Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

Some of the members have already speculated $17,600, that's the bottom or there's another time we never imagined.

I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.

But we don't know that there prediction is exact to what's going to happen on the market because even if we are quietly have some little pull ups still it will never give any guarantee that the $17,600 is the last dip we can see. Maybe there will be more as the target of other speculators is at more bottom of $17k or more.