How do we spot the crypto bottom?

[Rufsilf]

For some reason, I won't say we are at the bottom already or even just about to come. Nothing could say we are in that situation, perhaps, the market is moving up and down. What we have to do is buy more if we can or just ignore if we are not. I couldn't be wise to hurry because of the big discount, We can't be all the time buying every drop we see, sometimes we also have to analyze the market become making a decision.

[1714050957]

1714050957

[1714050957]

1714050957

[adzino]

Hi

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.

That is something no one can "spot". No one knows what the bottom is. If we knew what the bottom was, we would all invest during the bottom and end up being very rich.

Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?

You are wrong. Just look at the chart and zoom out. You will see after every "crash" crypto currencies eventually recovered.

[Shasha80]

For some reason, I won't say we are at the bottom already or even just about to come. Nothing could say we are in that situation, perhaps, the market is moving up and down. What we have to do is buy more if we can or just ignore if we are not. I couldn't be wise to hurry because of the big discount, We can't be all the time buying every drop we see, sometimes we also have to analyze the market become making a decision.

We are all not fortune tellers and no one knows what will happen in the future. So we really can't be sure where the lowest price of crypto is,
even though now the crypto market has dropped very low, that doesn't mean the crypto market won't drop even lower in the future. Therefore,
it is important for us to analyze regularly, so that we can predict how the market will move. Moreover, the crypto market is very volatile,
so anything can happen, but as long as we are vigilant we will always be able to make the right decisions. So don't be too hasty in making
a decision, doing research and analysis first before making a decision is indeed the best step we can take when deciding to invest in crypto.
The most important thing is never to make decisions based on other people's opinions, because other people's opinions are not necessarily accurate.

[lienfaye]

Its hard to know the exact bottom since we dont know what will exactly happen next. The price might crash further or bounce back. So those people who buy and then the price suddenly move upward is lucky because of the timing.

If you will wait for the bottom of this bearish season you might miss the opportunity to accumulate. So if you're planning to invest, buy at the price which you think is good for you then hold for long until the bull season.

[yhiaali3]

You are completely wrong, this is the ideal case for the rise of the cryptocurrency, especially bitcoin, of course the bad economic situation has a negative impact on the crypto market but this only lasts for a short period, after that people start fleeing from big economic problems, especially inflation to bitcoin, then the demand for cryptocurrency begins Increasing and the price begins to rise, just as it happened after the spread of the Corona epidemic. At first, the price of Bitcoin fell, but then it rose to historical peaks and achieved ATH. I think the situation we are in now is similar to that.

[Sir Legend]

It's hard to determine whether it's a lower limit at the moment or it could go down again, but the thing that makes us sure that now is a lower limit because today the price is back to $20k, hopefully it doesn't drop below $20k again, and with this fact makes me more eager to buy, I'm sure in July the price will return to $30k.

[STT]

This is a bottom price quite clear. 



Problem is the timeframe over which this price lasts.   For trading its useful but traders tend to sell within minutes quite often so the price falls back.   The blue and yellow line is the 2 day and weekly average price, to really say this was the bottom price then we have to regularly stay above averages like that.   At the very least we have to act positively over a week or really it doesnt count.
  As such its hard to say a bottom price in advance only in retrospect and probably a week or month later its far more obvious.   The best idea to observe a set of low prices which are increasingly higher, then we have hope the lows reflect a growing underlying strength eventually this becomes a more obvious positive set of price action for all observers.


So just purely going off this picture, a big criticism would be to observe both a lower high price despite shooting up it remains unproved so far.   Also a set of lows there, in effect a low and lower low.   So caution advised when it appears like this, its a bottom but requires work to proof.

[fzkto]

The approximate bottom can be determined by using various indicators such as RSI, 200 SMA, and volumes. For example, they all show an absolute bottom right now, but that does not mean that the price will not go even lower. It means that statistically with these indicators the price was near the lower limit and then bounced upwards. If you want to find the bottom, you should not think of a daily or weekly chart, but at least a monthly chart.

[Fakhrulenclix]

The approximate bottom can be determined by using various indicators such as RSI, 200 SMA, and volumes. For example, they all show an absolute bottom right now, but that does not mean that the price will not go even lower. It means that statistically with these indicators the price was near the lower limit and then bounced upwards. If you want to find the bottom, you should not think of a daily or weekly chart, but at least a monthly chart.

yes and it comes back again that uncertainty about it. like the provision of Btcoin's lowest support point at 25k but today the price has touched below it. for long periods of time lows are difficult to predict.
looking at the month chart may be a good thing to determine the approximate price of the coin using indicators and also look at the trading volume.

[boltz]

Very difficult to spot the bottom but spotting a range that BTC could hit , that can be done with a little research on the other bull runs so personally , I do think BTC will keep going doing during the summer period and it might do down all year. How much ? hard to say but I don't see Bitcoin price going under 8-9k$.

I also see that some believe that bitcoin hit the bottom 2 days ago but only time will tell and next coming weeks and months.

[Fatunad]

Very difficult to spot the bottom but spotting a range that BTC could hit , that can be done with a little research on the other bull runs so personally , I do think BTC will keep going doing during the summer period and it might do down all year. How much ? hard to say but I don't see Bitcoin price going under 8-9k$.

I also see that some believe that bitcoin hit the bottom 2 days ago but only time will tell and next coming weeks and months.

This is where technical indicators would be significant and could really be that beneficial even though it wont really be giving out assurances that it could really go that way but we know that there's
really some probability as you had projected out basing with those tools or indicators which is far more better on using it rather than on having a pure guess or speculation which other people
been doing. We cant really spot the bottom but at least we had some hints and ideas on where it might be going in next days or weeks or months to come.
We are always looking for the bottom and this is something a common behavior for people to look upon.

[Hypnosis00]

The approximate bottom can be determined by using various indicators such as RSI, 200 SMA, and volumes. For example, they all show an absolute bottom right now, but that does not mean that the price will not go even lower. It means that statistically with these indicators the price was near the lower limit and then bounced upwards. If you want to find the bottom, you should not think of a daily or weekly chart, but at least a monthly chart.

yes and it comes back again that uncertainty about it. like the provision of Btcoin's lowest support point at 25k but today the price has touched below it. for long periods of time lows are difficult to predict.
looking at the month chart may be a good thing to determine the approximate price of the coin using indicators and also look at the trading volume.

Just like how it behaved during the last bear market. We expect one there is a pump, it moves high all the way out but it falls back low again, and we certainly see it now. I was trying to analyze it and have some predictions but it seems to be another failing attempt, I was wrong. It has to say that whether we look at its history or even based on the current position, we can never tell when the bottom comes. We can't change the volatile nature of the market which it unpredictable.

[lornadane]

Very difficult to spot the bottom but spotting a range that BTC could hit , that can be done with a little research on the other bull runs so personally , I do think BTC will keep going doing during the summer period and it might do down all year. How much ? hard to say but I don't see Bitcoin price going under 8-9k$.

I also see that some believe that bitcoin hit the bottom 2 days ago but only time will tell and next coming weeks and months.

thousand it really won't be possible.
Yes this decline is still continuing but to go down to the $9k point it will never happen and I never dreamed of seeing that bad heat.
We have to be patient to wait for the light of the moon after the clouds dim, even though we have to be patient until next year, what can we do.

[Viscore]

Hi

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.

Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?

what are your thoughts on this? Is a further crash on the horizon?

The market will still be bullish after a long term bearish season, and i think the people have already seen it coming. However, there is no way that the market will eventually recover easily from this very dump market. There might be further crashes along the way, and that this current price may not be the bottom for bitcoin. But never panic, as big opportunities are always seen when the market turns more bearish. It's just that we have to take advantage and start buying with the current price, or so DCA, as no one gets to know what is the bottom value of this bear market.

[kudosinitchi]

It's hard to tell. In fact it is a volatile nature of market so no one knows it if we are really reached the peak of crypto in downside or maybe there is more to continue going deeper? It is really hard to tell. The current world financial system shows no signs of recovery and the bearish seems has a very long way to go. But, you can take advantage this moment to buy while it's dip.

[GeorgeJohn]

It's hard to determine whether it's a lower limit at the moment or it could go down again, but the thing that makes us sure that now is a lower limit because today the price is back to $20k, hopefully it doesn't drop below $20k again, and with this fact makes me more eager to buy, I'm sure in July the price will return to $30k.

many speculations has been flying tha bitcoin at twenty thousand is not strong, and when you see it chart, it seems like bitcoin is experiencing down fall seriously and continuously. Right now the value is nineteen thousand (19k) and their is every tendency that Bitcoin can experience more downfall this period. I believe that when it experience or the movement in price skip twenty two thousand (22k), it's obvious that it will continue to rise. But it's experiencing and pointing arrow downwards.

[Nrcewker]

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.
So if you listen to me, buy the coins, when you see there is great potential in the coin to rise and will give a good profit if rises up.
That’s my way of thinking, and I guess many other members will agree on it.

[Mpamaegbu]

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

[EdenHazard]

No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.

I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.

The more discounted bitcoin price in a deeper and deeper market charts ... the more investment you need to catch at that price , so you won't feel buying bitcoin at an expensive price tag so do with finding the bottom , that's the only way ... otherwise you might surrender and sell your own bitcoin at a cheap price.

We are still trying to break the $20k bearish and failed now, let's see are we going down deeper below $17k or not.

[STT]

Price is recovered above the 2 day average to end the week.   Its very short term measure but easy enough to stay optimistic until it falters.  Hopefully we beat weekly average next at 20k and consolidate at a higher level.  All of this is occurring above support level (lows of the last week) which lends some idea we can continue to build.