Was 17600$ was the bottom ?

[bots1]

It is difficult to predict what will happen in the next few weeks or months, especially in the current situation of the crypto market which is still in a bearish phase. it is likely that the price of bitcoin will fall even further. Even some people predict the lowest price of bitcoin is $13k. It's better for us to wait and see where the direction of the bitcoin price movement will go.

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[CapGelatik]

It is difficult to predict what will happen in the next few weeks or months, especially in the current situation of the crypto market which is still in a bearish phase. it is likely that the price of bitcoin will fall even further. Even some people predict the lowest price of bitcoin is $13k. It's better for us to wait and see where the direction of the bitcoin price movement will go.

everyone wants a cheap Bitcoin price, and it can be under $15k, but I'm sure the Bitcoin price won't go below $15k,
because the more people want cheap prices, the easier the whales will accumulate, and the whales will pump to make sure that $13k is a dream

[gikere]

It is difficult to predict what will happen in the next few weeks or months, especially in the current situation of the crypto market which is still in a bearish phase. it is likely that the price of bitcoin will fall even further. Even some people predict the lowest price of bitcoin is $13k. It's better for us to wait and see where the direction of the bitcoin price movement will go.

It's indeed difficult but as the market goes now, I said the chance it goes lower, even lower than the 17600$ price which a lot thought was the bottom. It isn't hard to see where we've gone when the situation in the world looks grim every day, both in economic and political stability.

[ReiMomo]

I think so. But there might be a sudden dump to $16.5k and move upward much faster towards another ATH this year and this might happen probably by end of November or December 22. The long correction created an opportunity to pile up as much as everyone can. I am sure especially the whales might have piled up a lot and now ready to play with it on profits. Hope July 22 should be a market of Bullish.

[GeorgeJohn]

these few days no more declines, so I can probably expect a lot for Bitcoin support at $17600 is strong,
and hopefully July is a bullish month for Bitcoin, because we have been in the red zone for a long time

we should expect bullish market in next year not exactly this year again. Bitcoin is at twenty one thousand (21k) their is every tendency that the price will decrease again. Because cryptosphere marketcap is not constant in all ramifications of price. From my perspective i know vividly from initial that cryptocurrency it always be reversible in price  , example from higher concentration to lower concentration and it's applicable when the price is low..i want use this medium to recapitulate that bitcoin price is under the Flux of rotation and it's not constant

[snipie]

I think so. But there might be a sudden dump to $16.5k and move upward much faster towards another ATH this year and this might happen probably by end of November or December 22. The long correction created an opportunity to pile up as much as everyone can. I am sure especially the whales might have piled up a lot and now ready to play with it on profits. Hope July 22 should be a market of Bullish.

The main difference between the previous years and this one is the economical crisis that will refrain everything and could limit the rise to the bitcoin price.
I assume many people are using their crypto funds to cover the expenses that increased after the war and covid-19.
I don't see why the price will drop again under $20k but everything is possible of course..

[STT]

Here is a super simple take on when is it go time for BTC to at least break its most recent selling.   I expect a serious of movement upwards not just one but a good start is to outrun the overall selling trend, when that occurs its far easier to rise.    These are weekly bars, you can see we are constrained post bottom pricing and confidence remains low.


A success condition for this scenario would be about 25k, I take that from Fibonacci levels using peak to trough prices as per OP.   It also matches other perspectives such as the moving averages, as yet we have price action still left with much more to prove.

[Joshapat]

Until now the price of $17700 is the lowest, but we don't know what will happen next, even though the price has not dropped below $20k for 4 days but we must always be vigilant, it's better to sell immediately if the price is below $20k.

Hopefully, the price drop at $17,770 is the lowest and doesn't happen again or even touch lower prices. If it happened again, there would probably be more people panicking and selling their bitcoins quickly, while people with lots of money could use the moment to buy more bitcoins. Yes, we still have to be vigilant because the price of bitcoin can go back down even though, at this time, the price tends to be stable at the current price level.

Right, it's been more than a week the price of bitcoin is not dropped below $ 20k, of course it will be a difficult thing if it falls again, it may take more than a year to be able to pass ATH that occurred in 2021 ago, our focus at this time is to immediately see the price immediately Bitcoin goes up and hopes that prices will reach $ 25K before July.

[TheGreatPython]

It is difficult to predict what will happen in the next few weeks or months, especially in the current situation of the crypto market which is still in a bearish phase. it is likely that the price of bitcoin will fall even further. Even some people predict the lowest price of bitcoin is $13k. It's better for us to wait and see where the direction of the bitcoin price movement will go.

everyone wants a cheap Bitcoin price, and it can be under $15k, but I'm sure the Bitcoin price won't go below $15k,
because the more people want cheap prices, the easier the whales will accumulate, and the whales will pump to make sure that $13k is a dream

I guess it is obvious that all of those people want to see a low price so that they would end up with buying it at as bottom as possible so they could make a huge profit. Buying at 15k and then selling at 60k means 4x profit, buying at 20k and selling at the same 60k price means 3x profit. This is the difference between 15k and 20k which is why there are so many people who wants to do this.

I know that it is not going to be that simple, but it is going to be pretty difficult to ignore as well. Many people will keep on considering that angle and they will keep on forgetting that they would miss out on that 3x profit if they keep wanting to make that 4x profit instead.

[Epaper]

Given the current bearish crypto market conditions due to inflation and aggressive interest rate hikes by the Fed, it is likely that bitcoin prices will drop to $19k-$18k prices. Moreover, negative sentiment in the crypto market is still increasing and the sell-off in the crypto market is still not over.

[Yaunfitda]

Given the current bearish crypto market conditions due to inflation and aggressive interest rate hikes by the Fed, it is likely that bitcoin prices will drop to $19k-$18k prices. Moreover, negative sentiment in the crypto market is still increasing and the sell-off in the crypto market is still not over.

What a twist though, then Fed make such announcement today, the price seems to go over $23k.

Maybe this is just a manipulation or catching a falling knife scenario and could be a trap. Nevertheless, this month we haven't seen the price going down hard and it keeps on trading around $20k-$24k. So for now, the button might have been reach. And the price could be in this range, trading sideways for a long time. But hopefully we will have a break out and it will be on the upside.

[Republikcoin.com]

Given the current bearish crypto market conditions due to inflation and aggressive interest rate hikes by the Fed, it is likely that bitcoin prices will drop to $19k-$18k prices. Moreover, negative sentiment in the crypto market is still increasing and the sell-off in the crypto market is still not over.

The price you said happened in the market last month in Bitcoin so it doesn't seem like a big surprise anymore and the current Bitcoin price isn't that far from your stated price ($23k vs $19k). So what needs to be seen now is the issue of negative sentiment towards the crypto and Bitcoin markets because that can sometimes influence some people to let go of Bitcoin at this time.