Have we reached a bottom price for BTC?

[Abiky]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

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I do not think bitcoin has reached the bottom in this bear period, I guess it can reach $15000, but it won't stay long at $15000 before it will increase back above $18000 or $19000 again. Bitcoin will stay around avarage price of $20000 for long which will be the price it will stay most before the next halving will lead to another all-time-high. Buying now would be profitable next year but will be more profitable after the next halving.  Bitcoin getting to $10000? I do not think that would be possible.

[Fundamentals Of]

Even if the price gets past $20,000 and $21,000, it is quickly followed with a correction that will pull down back the price to $19,000. Sometimes it even touches $18,000. But then it doesn't fall down lower than that. There is a rebound that follows. And $20,000 is once again targeted.

This is another boring moment in this price range. Generally, this is a sideward movement. Which could either mean that there will be another surprise big fall or a big rally. So we cannot really tell whether this bear season has already found its bottom.

[gunhell16]

In my own perception, I think and wishing that the bottom will be 18k$ but not so sure for this thing.
But according to others it will get down more below 15k$ and that is scary for me in some other way. But I do
nothing if the market continue to fall and besides bear season can't be stop anyway.

However, based on my own assessment the price strugling between 19k$-21k$ plus, where that if you look at it,
it looks like it's very difficult for the price of Bitcoin to surpass 22k$, it seems like big investors are really controlling it.
Which we don't know when the price of bitcoin will kick up. So, as of this moment holding is the best option for this
matter for the ordinary traders like us now.

[kotajikikox]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

I'm afraid that we are still going down far more from what we are having today , the market never show being stable for the past months and even showing a bad positioning .

What I am seeing as Bottom ? at least 15k t 13k , I am not bearish but at least I know that there is no perfect expectation these days.

But hopefully we may see some bright in the coming months specially this 3rd quarter and so on.

[mk4]

Man every single time we got a 5-10% ish bounce we got people asking if that was already the bottom, with some saying that it was. That itself should be enough proof that no one knows what's going to happen so you better just slowly buy if you're bullish for the long-term.

[Marvell1]

Looks like the bulls are trying to push bitcoin back up to the $20k area once again, but they probably won't be able to keep it there for long, bitcoin will soon drop back below the $20k level. I don't know where the bottom will be but my expectation is below 15k I will buy all the bitcoins I can if it hits that threshold or lower. As long as the world situation remains unstable, we shouldn't expect a bull run in this year or in 2023. Getting ready for bitcoin's halving season is a good idea.

[Text]

I think no one knows if Bitcoin has reached its lowest price in its current state today and if it will ever fall.  If I have something to make a purchase, of course, I will buy it because it is an opportunity to increase my holdings and I know I will earn a lot when I sell it when we are close to the next halving.  But at any price, I want to buy when I have something to use.

[cabron]

Looks like the bulls are trying to push bitcoin back up to the $20k area once again, but they probably won't be able to keep it there for long, bitcoin will soon drop back below the $20k level. I don't know where the bottom will be but my expectation is below 15k I will buy all the bitcoins I can if it hits that threshold or lower. As long as the world situation remains unstable, we shouldn't expect a bull run in this year or in 2023. Getting ready for bitcoin's halving season is a good idea.

Halving makes the cycle and without it, the bullrun is not very possible. But some notable persons in crypto are actually taking it seriously about this supercycle. The marketing works and people will believe what they want to believe.

Its not very far from happening since the bottom can be seen in the chart. The thought that its too early to see we will have another bull market before this year end could come true. We still  believe BTC can be a hedge.

[I_Am_Chamara]

If this week's candle closes below 18600$ level I think there will be huge dump in bitcoin

[yazher]

Looks like we have a long more way to go to get out from this bearish market and the price would just stay in the range of $15000-$20000 this year if no miracles will come because after the bitcoins halving and the new ATH has completely occurred, BTC price will gonna crash and that's what we experience right now and the good thing about it, this won't last forever because we still have BTC halving again in the next 2 years and this would be the best timing to buy BTC if you plan to hold up to that long.

[noorman0]

If your fundamentals are matched to the state of the global economy, then looking for the lowest price is the same as finding out how far the economy will go into crisis. DCA is the only solution to ease your doubts. In fact bitcoin's lowest point was $0, and compared to the current price there are thousands of points resulting from various analyzes each of which has a reason BTC can reach that area.

[Davidvictorson]

Most people are panicking because no one knows if we reached a bottom price for bitcoin or not. I would like to echo what Chris Brendler said with regards to this "The levels of activity and the political, corporate and institutional landscape being so bitcoin-friendly and more willing to at least listen today makes me think it's close to a bottom." My best guess at the moment is that it will definitely not drop below $17k.

[Don Pedro Dinero]

I think that we should not be at levels below 20,000 USD for long, as has been the case. It is too cheap a price that makes many buy orders to be placed. I do not rule out the possibility that we will go down again in the event of the bankruptcy and liquidation of a crypto company, that panic will break out and that we will see new lows. But as I say, I don't think we'll be below 20,000 USD for long.

[Reid]

I have no idea when the bottom will be. Like what you said, it's too unpredictable because of the global condition in economy and the continuous war that is going on. But, if it did go stumbling down again to below $15k, I am certain I will buy more and take advantage of it.
I'd be surprised too but it gives chance to many investors as their new entry point. I doubt it will just be me thinking about buying at those cheap price. Many will do and it means profit for the veterans who knows the history of Bitcoin that it always goes up whenever a fall happens. It's not like an altcoin that once dump it becomes dust.

[bitzizzix]

The bitcoin price struggle to get past the 20k price failed again, and I think the bitcoin price is still down again, as concerns over an economic slowdown and aggressive rate hikes consumed most of the first half of the year, as investors continued to seek bottoms.
and this particularly violent market sell-off made it difficult for bitcoin price to cross 20k, and most of the price reversal, then quickly sold off by investors over the last few weeks.

[NeuroticFish]

Bitcoin seems to be struggling to get past $20k - $21k over the past days.

Actually it seems to stay lately closer to 19k than 21k.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price?

I don't think that anybody can tell for sure now if the bottom has been reached or not. That will be something we'll know when we'll look back after we are certain we're back in bull run.
What I'll do for now? I won't necessarily buy more, instead I'll try to avoid selling the coins received from signature campaign. Still something...

[palle11]

It is not certain so far what area that price will go but the global bad economy is one of the reason I think the price still struggling to go up. The economy generally is not encouraging investment and bitcoin is one out of such investment that is affected. Most people are now concern about how to feed , you need to feed first before investment at least to be alive to see the investment grow. It is an effect by hard surviving economy since the covid-19.

[Russlenat]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

If you are asking if bitcoin has already hit its bottom, no one can tell precisely. But most likely, bitcoin will still create further price decline considering that we are still in a long bear market. And if ever the price settles below $10k, i won't be surprise because everything in the market even in stocks or bonds are also falling. But always know that the lower the price of bitcoin, the bigger the opportunity we can maximize our profits when the market turns into bullish.

[blockman]

There's a sense for those that have been giving low prices for bitcoin with their speculations. I mean that it's likely that bitcoin will fall that low and it has never changed with its stability because it's volatile as it is. Nothing we can do if we see bitcoin fall to $15k and lower than that but I'm still firmly believing that if we're not yet able to see the bottom price then that just going to be $15k and not going to fall below that. Well, that's my motivation to myself as no one can  really read the market accurately.

[GeorgeJohn]

Most people are panicking because no one knows if we reached a bottom price for bitcoin or not. I would like to echo what Chris Brendler said with regards to this "The levels of activity and the political, corporate and institutional landscape being so bitcoin-friendly and more willing to at least listen today makes me think it's close to a bottom." My best guess at the moment is that it will definitely not drop below $17k.

cryptocurrency do have a bottom line whereby someone will come and hold strongly that if bitcoin refused to reach bottom it will not invest into cryptocurrency. Cryptocurrency especially bitcoin have a fluctuating movement which is not in the straight line to understand it's regulatory phenomenons. So in a nutshell bitcoin can be purchased at any point in time whereby it can come as results of acceleration and also as a result of devaluation or degradation. If it reached seventeen thousand (17k) or twelve thousands (12k,) it's not still the bottom because it value when it started was below all the prediction value recommend as bottom of bitcoin.

[ethereumhunter]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

I don't know what will happen next, whether bitcoin has bottomed out or there will still be another low. We have seen the price of bitcoin go up and down without us expecting it. And in the end, the price of bitcoin reached under $20k. There will still be a possibility that bitcoin can go down deeper, seeing the line from the chart that still shows a downward trend. But there is also the possibility that bitcoin can immediately start rallying because all possibilities can happen. The next halving is still a year and a half, and we won't know anything. I'm still trying to buy bitcoin again at a low price and hope it is the lowest price.

[btc78]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Nope , this is still on process and Bitcoin price are still in the dumping  so what I do believe is that Bitcoin will drop more in the coming months and may do a good jump in late year or in December .
but that doesnt mean about this making a ATH again as we can expect this to come at least in Halving season in 2025 .
Not unless we will see at least 25-30k in the next couple of weeks? then maybe there is something good to happen.

[LogitechMouse]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Right now, $20,000-$21,000 is the current resistance and we are seeing it already because whenever Bitcoin goes above it, it immediately goes below it.
$15,000? It might happen since there are no changes to what is happening globally. Economy of every country is at it's worst, inflation is increasing and interest rates as well. I don't see Bitcoin going below $10,000 though.

In my opinion, Bitcoin is going sideways right now so I might say that $17,000 is the bottom already though anything can still happen. Right now, every time I have spare money, I'm saving it to buy Bitcoin instead of spending it to some useless things or anything that I want.

[Abiky]

I don't think that anybody can tell for sure now if the bottom has been reached or not. That will be something we'll know when we'll look back after we are certain we're back in bull run.
What I'll do for now? I won't necessarily buy more, instead I'll try to avoid selling the coins received from signature campaign. Still something...

Bitcoin's prices have been acting like crazy these days. It stays between the $19k - $20k range with no indication of going up anytime soon. If buy pressure remains low, then it's possible BTC will slip below $19k. Considering that the global economy is in taters, it's going to take quite some time before BTC will experience a new All-time-high. We've yet to see how the market will react after the BTC halving in 2024. All we can do now is buy, "hodl", and wait until everything goes back to normal. Selling your BTC now will give power to the whales. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts

[GreatArkansas]

Buying every dip that falls on the lowest price this year is a good idea for me, to be honest, it's difficult to catch the bottom that's why spreading your buy orders is a good thing, you should always have funds ready if ever worst will happen.
Once we are halfway or near to the all-time-high for sure that's the time we can say that x price was the bottom.

[Finestream]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

It's hard to tell whether we have reached the bottom or not yet, and for sure not anyone of here can do that precisely. That is why we should be more open as to where bitcoin price is heading, if its starting to recover now, then good, but if its going to fall more, i think that will be better as we can still maximize taking the market opportunities while the market price is cheap and affordable.

[Jating]

I don't think that anybody can tell for sure now if the bottom has been reached or not. That will be something we'll know when we'll look back after we are certain we're back in bull run.
What I'll do for now? I won't necessarily buy more, instead I'll try to avoid selling the coins received from signature campaign. Still something...

Bitcoin's prices have been acting like crazy these days. It stays between the $19k - $20k range with no indication of going up anytime soon. If buy pressure remains low, then it's possible BTC will slip below $19k. Considering that the global economy is in taters, it's going to take quite some time before BTC will experience a new All-time-high. We've yet to see how the market will react after the BTC halving in 2024. All we can do now is buy, "hodl", and wait until everything goes back to normal. Selling your BTC now will give power to the whales. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts

Yeah, same here, we might see the price just tanking around $19k-$21k. And then we will have to dell with this news:  Fed says sharply higher rates may be needed to quell inflation.

So the future doesn't look good at all, so I'm thinking that the possibility of another bottom could be just around the corner. As you have said, the world is somewhat a mess and because of the war, every major commodity price are rising.

[hatshepsut93]

I think it's really not that important whether it's the bottom or not, the current price level is a pretty good price for entry, because during the next bull run the price would definitely be higher than $30-40k, so if you buy now, you might easily double your money in 2-3 years. There's no need to wait for $10k, regardless if it will happen or not, because by being greedy you can deny yourself a chance of making a good trade. You don't have to buy at the absolute bottom, just buy low and sell high.

[Oceat]

I wonder how long will it stays at this price because I have a feeling that it's not done yet going bottom and probably want to hit at $15k or so. But the lowest low we had yet was $19k perhaps that's it but the price isn't stable yet so there's still going on that would make the market price to move.

I think most of us were expecting the bottom so that we could buy the dip while others are waiting for the pump to sell some perhaps to get some profit but the market seems to be a bit busy in staying at $19k - $21k and not to mention that we are in bear market so a little fud will make a difference.

[DoublerHunter]

I think it's really not that important whether it's the bottom or not, the current price level is a pretty good price for entry, because during the next bull run the price would definitely be higher than $30-40k, so if you buy now, you might easily double your money in 2-3 years. There's no need to wait for $10k, regardless if it will happen or not, because by being greedy you can deny yourself a chance of making a good trade. You don't have to buy at the absolute bottom, just buy low and sell high.

^ You are definitely right, it is a buying point, if we noticed, BTC has dropped more than 50% from the previous ATH and for sure there will be a new ATH in the future which is if you will patiently wait it will surely give you a reward at the end of the day. You cannot determine the bottom because the price is unpredictable. Just start to invest and wait for the bull run will come. As we expected, that after the halving BTC price massively increase and it will create a new ATH, so it is wise to invest while the price has a correction in the market.

[Dave1]

I think it's really not that important whether it's the bottom or not, the current price level is a pretty good price for entry, because during the next bull run the price would definitely be higher than $30-40k, so if you buy now, you might easily double your money in 2-3 years. There's no need to wait for $10k, regardless if it will happen or not, because by being greedy you can deny yourself a chance of making a good trade. You don't have to buy at the absolute bottom, just buy low and sell high.

^ You are definitely right, it is a buying point, if we noticed, BTC has dropped more than 50% from the previous ATH and for sure there will be a new ATH in the future which is if you will patiently wait it will surely give you a reward at the end of the day. You cannot determine the bottom because the price is unpredictable. Just start to invest and wait for the bull run will come. As we expected, that after the halving BTC price massively increase and it will create a new ATH, so it is wise to invest while the price has a correction in the market.

Of course a huge drop is what we want to see because it is a perfect opportunity. And although the price is just borderline $22k now and it has gone up significantly, this is still a good price to all of us.

-67% from the last all time high, so a bargain and a huge discounted price. Halving activity will be the catalyst and maybe we are talking about 6 digits figure. The number that we all have been waiting for in December 2020, but it was not realized and the so called S2F model was invalidated by that.

[lienfaye]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

No one knows if we already reached the bottom or the price will go down further. Its hard to say and if only we know about it then probably we already fill our bags since the price will start to recover but unfortunately thats not the case. Anyway we're still in bearish market so its still a good time to buy though there's a minor recovery because the price reached $22k for the first time again after weeks of sideways movement. Nevertheless buy regardless of the price if you believe Bitcoin is a good investment.

[adaseb]

Right now we are seeing more and more people calling for a bottom in crypto and stocks. Their reasoning is what is happening with the bond markets.

For the last 2 weeks, bonds have started to reverse and people are paying attention. What these bond traders are telling us is that most likely sometime in the near future the fed will have to cut rates.

Cutting rates is actually bullish for crypto and stocks.

[onecall123]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

No one knows if we already reached the bottom or the price will go down further. Its hard to say and if only we know about it then probably we already fill our bags since the price will start to recover but unfortunately thats not the case. Anyway we're still in bearish market so its still a good time to buy though there's a minor recovery because the price reached $22k for the first time again after weeks of sideways movement. Nevertheless buy regardless of the price if you believe Bitcoin is a good investment.

That's what I tend to think. This is not to say we will not experience some significant red days in the future. Nonetheless, I would say that it's a 50/50 bet, and it's best to wait for confirmation before making a judgement. Still, it appears that Bitcoin holds well around the 17k to 20k range. The market looks AMAZING to me. The people who have been taking risks and buying have been rewarded greatly. Each month for the past three months, there has been this little bull...

[kotajikikox]

I wonder how long will it stays at this price because I have a feeling that it's not done yet going bottom and probably want to hit at $15k or so. But the lowest low we had yet was $19k perhaps that's it but the price isn't stable yet so there's still going on that would make the market price to move.

and now we are above 20k  , actually we are in 22k at the moment and bitcoin is increasing to almost 10% so maybe we are in good positioning ? anyway lets see when this come in the following days.

I think most of us were expecting the bottom so that we could buy the dip while others are waiting for the pump to sell some perhaps to get some profit but the market seems to be a bit busy in staying at $19k - $21k and not to mention that we are in bear market so a little fud will make a difference.

not all of us , actually only few wanted to see the price bottoming instead majority is seeking for increase as they all wanted to earn their profit from buying low.

[xSkylarx]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

This is just the beginning of bear season imo and I believe we will dump more in the coming months. If it breaks above $20k then that's just a relief rally and won't stay long or continue to go up again. My bias is bitcoin will reach $13k first as the bottom before the market starts to recover again. That would follow the historical corrections it made from its previous ATHs last year and 2017. Regardless if As long as the mainstream media is bearish in bitcoin, I will keep accumulating until it breaks $30k again.

[peter0425]

With the performance showing now? it is only two things that come to my mind and those are at least we are in the running Bull? as we have broken 22k today .

or we are in the last climbing before the  the Bear market happens and this is what we don't wanna see as there are many speculations that Bitcoin price may dump down to 10k just this year or early next year .

if you are in need of funds then best to get out now , or be in holding till next year or 2024 at least.

[YOSHIE]

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Actually Bitcoin price is difficult to predict with 100% accuracy, elsewhere may have shared and said my argument about Bitcoin speculation now and in the next few months.

I have seen and observed the development of the Bitcoin market before ATH and after ATH happened, it was based on experience twice, it happened in 2017 and 2021.
My speculation suggests that Bitcoin is not currently at its lowest point, maybe half of the current Bitcoin price low phenomenon, so even though the price is currently moving and retreating, it's just a simulation, maybe i will consider the end of this year or enter 2023, to do something (investment), if it is still the same at this time, the decision is taken.

[Nrcewker]

Bitcoins now a days are really very unpredictable.
Yesterday I saw BTC jumping from 20k usd to 22k usd, and now again back to 21k usd.
So the price is really very unstable at the moment.
At the moment if we see at the price chart, then we can find a lots of ups and down.
It will take at least 3 more weeks to break the resistance and come out for BTC. If BTC fail to do so, then the price will fall more.
So yes can’t say about reaching bottom price, but yes BTC will struggle in the 20-25k range for more time.

[Minecache]

Bitcoins now a days are really very unpredictable.

One of the coolest things about bitcoin is that no one can predict the price of it in the future. so only investors who have absolute faith in bitcoin can buy bitcoin at today's price. Maybe the bottom hasn't come yet, but if we buy at $20k, we won't lose anything if we holding bitcoin long term and it will make us a profit, regardless of what price we buy at. If you don't sell, you will never lose.

[Ultegra134]

Bitcoins now a days are really very unpredictable.
Yesterday I saw BTC jumping from 20k usd to 22k usd, and now again back to 21k usd.
So the price is really very unstable at the moment.
At the moment if we see at the price chart, then we can find a lots of ups and down.
It will take at least 3 more weeks to break the resistance and come out for BTC. If BTC fail to do so, then the price will fall more.
So yes can’t say about reaching bottom price, but yes BTC will struggle in the 20-25k range for more time.

It was always unpredictable, a price change of $1.000 is nothing for Bitcoin and could occur within a matter of minutes, it's not really something to be noted. Bitcoin has somewhat stabilized the past few weeks, ranging from $19.000 to $21.000, which is relatively stable from my point of view. In my opinion, Bitcoin is bound to crash even further due to the economic recession we're going through, with the worst yet to come.

[Reatim]

are we really reached the Bottom ? because this has been happening for almost whole 1st half of the year and yes bitcoin continues to Up and Down so how would some of us can tell if Bitcoin will really in the bottom or there will be more.

but one thing for sure is that there are so much to come in the coming months .

and expecting the climbing in the next following years.

[Yamifoud]

are we really reached the Bottom ? because this has been happening for almost whole 1st half of the year and yes bitcoin continues to Up and Down so how would some of us can tell if Bitcoin will really in the bottom or there will be more.

but one thing for sure is that there are so much to come in the coming months .

and expecting the climbing in the next following years.

I can't tell either...
The market just moves up but never does it go far away from $20k and yet, it drops back again. We are certainly confused if we have already reached the bottom or if there is something worse to happen like a huge decline. People are still optimistic about the incoming events, despite the dumps and possible huge drops, however, they are still buying more.

It is to whether we have already reached the bottom or not, we still need to be prepared always. Anticipating the market is quite important and we are supposed not get surprised, otherwise.

[rodskee]

at least Bottom for the 1st and 2nd quarter? because indeed that in June we have reached the lowest price of bitcoin and that is around 17k .




but what we should expect is what to happen in the second half in which another 6 months now.
may we see another dumping ? but still hopeful that we will at least make a climb to 30-40k just this year alone.

[Text]

~snip
may we see another dumping ? but still hopeful that we will at least make a climb to 30-40k just this year alone.

Some are expecting that we will see another fall this year, I can't see the end of bear season soon yet. As there could be Bitcoins be dumped as creditors are eyeing the Mt Gox repayment (trustee prepares to unlock 150K BTC)  from the hacking incident on their exchange way back in 2014.

[danadc]

Even if the price gets past $20,000 and $21,000, it is quickly followed with a correction that will pull down back the price to $19,000. Sometimes it even touches $18,000. But then it doesn't fall down lower than that. There is a rebound that follows. And $20,000 is once again targeted.

This is another boring moment in this price range. Generally, this is a sideward movement. Which could either mean that there will be another surprise big fall or a big rally. So we cannot really tell whether this bear season has already found its bottom.

There are some networks that say that bitcoin can reach $8k, these days I was surprised by that clickbait on YouTube, I thought it had arrived but no, it was an assumption they made, I don't remember who it was, but it does reach that amount I would not know how everything can react, perhaps many things would be paralyzed? signature campaigns or something like that, some casinos would have to change the standards for minimum withdrawals.I think it would be crazy, I hope it doesn't happen.

[Raflesia]

are we really reached the Bottom ? because this has been happening for almost whole 1st half of the year and yes bitcoin continues to Up and Down so how would some of us can tell if Bitcoin will really in the bottom or there will be more.

but one thing for sure is that there are so much to come in the coming months .

and expecting the climbing in the next following years.

Bitcoin is not under I'm sure there will be another decline from the current price but I didn't determine how the price was below bitcoin at that time because I didn't realize it because it was difficult to predict, but I want it to be lower then wait a while because of price inconsistency then opportunity lows will definitely occur along this time.

We will look at the opportunities that are real in the future with a good climb, this is already half bitcoin experiencing an unstable maybe due to the global effects of the current crisis but it will be a good climb for a while.

[Abiky]

I think it's really not that important whether it's the bottom or not, the current price level is a pretty good price for entry, because during the next bull run the price would definitely be higher than $30-40k, so if you buy now, you might easily double your money in 2-3 years. There's no need to wait for $10k, regardless if it will happen or not, because by being greedy you can deny yourself a chance of making a good trade. You don't have to buy at the absolute bottom, just buy low and sell high.

If you take into consideration Bitcoin's past market prices, then yes, this is still the perfect time to buy some more. I'd say BTC is quite a bargain these days, especially when it's the most decentralized and censorship-resistant financial system in the world. Having Bitcoin in your wallet does come with its benefits. Most people don't realize this because they're only looking at BTC as an investment (not as a currency). They only want to get rich quick with BTC. But you and I know that's not the way it works.

Hopefully, people will understand what Bitcoin is truly about once CBDCs take over the world. As long as Bitcoin works as intended, nothing else matters. Just my thoughts

[Reatim]

are we really reached the Bottom ? because this has been happening for almost whole 1st half of the year and yes bitcoin continues to Up and Down so how would some of us can tell if Bitcoin will really in the bottom or there will be more.

but one thing for sure is that there are so much to come in the coming months .

and expecting the climbing in the next following years.

Bitcoin is not under I'm sure there will be another decline from the current price but I didn't determine how the price was below bitcoin at that time because I didn't realize it because it was difficult to predict, but I want it to be lower then wait a while because of price inconsistency then opportunity lows will definitely occur along this time.

indeed  as we are starting to fell down again now as the price lowering from 22k days before and now again down to 19k level and there are indication that it may fall more in the coming days.

We will look at the opportunities that are real in the future with a good climb, this is already half bitcoin experiencing an unstable maybe due to the global effects of the current crisis but it will be a good climb for a while.

well a good climb will happen surely in the next 3 years as the Halving of miners expected but before that? I'm afraid that there are even big coming aside from the ATH.

[peter0425]

Bitcoins now a days are really very unpredictable.

One of the coolest things about bitcoin is that no one can predict the price of it in the future.

and altcoins are predictable? if does so can you share which coin will increase soon so we can buy tons?
lol you are posting without knowledge in this part.

so only investors who have absolute faith in bitcoin can buy bitcoin at today's price.

What ? bitcoin price now is dipping meaning even not having absolute faith can also buy bitcoin with confidence .

Maybe the bottom hasn't come yet, but if we buy at $20k, we won't lose anything if we holding bitcoin long term and it will make us a profit, regardless of what price we buy at. If you don't sell, you will never lose.

either bottom had been reached or not , if you are an investor then you will buy at any chance now.

[TravelMug]

Even if the price gets past $20,000 and $21,000, it is quickly followed with a correction that will pull down back the price to $19,000. Sometimes it even touches $18,000. But then it doesn't fall down lower than that. There is a rebound that follows. And $20,000 is once again targeted.

This is another boring moment in this price range. Generally, this is a sideward movement. Which could either mean that there will be another surprise big fall or a big rally. So we cannot really tell whether this bear season has already found its bottom.

There are some networks that say that bitcoin can reach $8k, these days I was surprised by that clickbait on YouTube, I thought it had arrived but no, it was an assumption they made, I don't remember who it was, but it does reach that amount I would not know how everything can react, perhaps many things would be paralyzed? signature campaigns or something like that, some casinos would have to change the standards for minimum withdrawals.I think it would be crazy, I hope it doesn't happen.

Every crypto influencer has his/her own prediction on the price, worst I heard is that the price could hit $1k, but I guess that person is a perma bear and really hate bitcoin.

Now regarding the question, I don't think that we hit the bottom, the prices seems to be just moving sideways, an indication that the price will still go down below $20k. I know for some this is alarming, but we can't do anything, but to let the market do it's thing during a bear market.

[dragonvslinux]

While still too early to tell if Bitcoin has reached it's bottom or not, it looks like we will find out very soon as I referenced elsewhere (see quote). $23K looks like it will act as key level for either a break-out back to $30K levels, or otherwise a rejection that will likely lead to a lower low, based on the current bear flag structure. If the weekly RSI can close outside of oversold conditions, likely around $23K prices, then this would be a similar setup to the 2015 and 2018 bottoms, whereby the RSI leaves oversold conditions and doesn't return (until the next bear market). Of course this is only one indicator, but it's been a reliable one in the past.

If price can get to $23K and hold this level (or above) with the RSI closing the week out of oversold territory, it could be very bullish setup for however. With Bitcoin rallying since the "bearish" CPI news, this increases the chances of a decoupling from traditional markets and the overall bearish macro-economic sentiment. Although it seems unlikely, this is currently the reality of the situation so far.

This doesn't negate the possibility of a lower low at the end of the year, after a relief rally, but based on Bitcoin's historic price strength once the RSI leaves oversold conditions it's unlikely to return in a hurry.

[Tony116]

~snip
may we see another dumping ? but still hopeful that we will at least make a climb to 30-40k just this year alone.

Some are expecting that we will see another fall this year, I can't see the end of bear season soon yet. As there could be Bitcoins be dumped as creditors are eyeing the Mt Gox repayment (trustee prepares to unlock 150K BTC)  from the hacking incident on their exchange way back in 2014.

I also believe that there will be another fall, in addition to the Mt.Gox event, we can see the world economic situation is more unstable than ever since the covid pandemic. Inflation has not shown any signs of slowing down and certainly from now until the end of the year the Federal Reserve will not hesitate to raise interest rates to bring inflation down to 2%. Bitcoin price has all fallen after the interest rate hike this year so I think bitcoin 6 months left is also inevitable.

[Abiky]

While still too early to tell if Bitcoin has reached it's bottom or not, it looks like we will find out very soon as I referenced elsewhere (see quote). $23K looks like it will act as key level for either a break-out back to $30K levels, or otherwise a rejection that will likely lead to a lower low, based on the current bear flag structure. If the weekly RSI can close outside of oversold conditions, likely around $23K prices, then this would be a similar setup to the 2015 and 2018 bottoms, whereby the RSI leaves oversold conditions and doesn't return (until the next bear market). Of course this is only one indicator, but it's been a reliable one in the past.

Bitcoin is hovering between the $20k - $21k range. There could be further dips in price if the cryptocurrency is unable to maintain a resistance level. It may go lower than $20k but it'll never go to zero because it's the one cryptocurrency that started this craze. As they always say, "You can't beat the real thing". I see this as a huge opportunity to buy more coins at a discount. Once the bull market begins, you'll be able to cash out huge profits. No one can predict how much BTC will be worth in the future so we can only hope for the best. Just my opinion

[bitterguy28]

Bitcoins now a days are really very unpredictable.

One of the coolest things about bitcoin is that no one can predict the price of it in the future. so only investors who have absolute faith in bitcoin can buy bitcoin at today's price. Maybe the bottom hasn't come yet, but if we buy at $20k, we won't lose anything if we holding bitcoin long term and it will make us a profit, regardless of what price we buy at. If you don't sell, you will never lose.

actually dont just put Bitcoin on that because even altcoins are unpredictable lol.

can you name a coin that you can predict  what will happened?  lol there are no even one that we knew 
instead just buy a coin that you trusts and knows that will make significant increase in the coming days.

[CryptoBuds]

While still too early to tell if Bitcoin has reached it's bottom or not, it looks like we will find out very soon as I referenced elsewhere (see quote). $23K looks like it will act as key level for either a break-out back to $30K levels, or otherwise a rejection that will likely lead to a lower low, based on the current bear flag structure. If the weekly RSI can close outside of oversold conditions, likely around $23K prices, then this would be a similar setup to the 2015 and 2018 bottoms, whereby the RSI leaves oversold conditions and doesn't return (until the next bear market). Of course this is only one indicator, but it's been a reliable one in the past.

Bitcoin is hovering between the $20k - $21k range. There could be further dips in price if the cryptocurrency is unable to maintain a resistance level. It may go lower than $20k but it'll never go to zero because it's the one cryptocurrency that started this craze. As they always say, "You can't beat the real thing". I see this as a huge opportunity to buy more coins at a discount. Once the bull market begins, you'll be able to cash out huge profits. No one can predict how much BTC will be worth in the future so we can only hope for the best. Just my opinion

I bought bitcoin when the price was at $17.6k and I feel lucky to get that price I will keep buying bitcoin every month end when getting my salary.

For me under 20k $ is a good discount price, maybe bitcoin will drop to 10k like recent predictions, this means I will only have a temporary 50% loss but if bitcoin goes to $100k that will be x5 the price I bought. Bitcoin price prediction is impossible but if the price still falls I will still buy as long as it is below $20k. Bitcoin will never go to 0 and will never decrease without increasing so I am not worried.

[Poker Player]

I think it is quite likely.

I wouldn't rule out us going back below $20k but I think it would be a short period of time. What I also don't think we're going to go much higher very soon. I think we're in for quite a bit of boredom for the next 2 or 3 months.

[Vaculin]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Bitcoin has shown more positive increase these past few days but i don't think the bear market will be over soon. If these price increase will only fall as a trap, then we will witness more of price downtrend in the market. However, even if bitcoin price drops consistently, no one would determine precisely the bottom price of btc even the pros in the market. The market is always unpredictable, and so bitcoin is.

[STT]

We have basically touched the 50 day average now so for the moment I think thats a good peak to optimism.   The last low was barely above the previous so a better low to stage further movements upwards probably has to occur before we do especially continue upwards.   Neither of which answers the low for this year question but we seem to have a graph which is in the area for making that low even if we dont know if its there just yet I think progression is occurring.

[n0ne]

We need to go long. The market at present is in good position according to the charts. In reality of the market connective to the world market and the incidents taking place associated with bitcoin and other cryptocurrencies, it looks like we need to travel more time period on the bearish track with intermittent bullish move. Whales haven't started to play the market. Once they start the market can turn either of the direction.

[kotajikikox]

We need to go long. The market at present is in good position according to the charts. In reality of the market connective to the world market and the incidents taking place associated with bitcoin and other cryptocurrencies, it looks like we need to travel more time period on the bearish track with intermittent bullish move. Whales haven't started to play the market. Once they start the market can turn either of the direction.

maintaining a 20k level  is indeed good positioning now , I think we are done in below level so maybe in the coming days at least continues greening even with small mark up.

I am rooting for at least 25k in the nearest time this july and maybe at least 30 till the end of 3rd quarter.

[minairia3]

We need to go long. The market at present is in good position according to the charts. In reality of the market connective to the world market and the incidents taking place associated with bitcoin and other cryptocurrencies, it looks like we need to travel more time period on the bearish track with intermittent bullish move. Whales haven't started to play the market. Once they start the market can turn either of the direction.

maintaining a 20k level  is indeed good positioning now , I think we are done in below level so maybe in the coming days at least continues greening even with small mark up.

I am rooting for at least 25k in the nearest time this july and maybe at least 30 till the end of 3rd quarter.

The 25k target in July is very achievable given what is going on, what is the reason for the market to be green again, I still don't know what is driving it? but I see ETH and altcoins rallying pretty impressively, there are altcoins that are up almost 20% in the last 24 hours.

Expect the market to have long days of growth before the Fed announces the next interest rate and always be careful because we're not done with bearish yet.

[Kasabus]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Bitcoin starts to recover now and is now close to $24k price. I just hope everything at the present won't just end up in bull trap. Because if ever, then we will witness again bitcoin price declining and will hit another bottom price. Unfortunately, we can't tell if its the bottom price or not because bitcoin moves more unpredictable as it is. However, if we think of buying bitcoin, its best to buy when the price is highly discounted, not today that its price is quite surging. But knowing bitcoin, regardless of its current value, it will always grow along with time so buying at the current price is still good.

[GeorgeJohn]

We need to go long. The market at present is in good position according to the charts. In reality of the market connective to the world market and the incidents taking place associated with bitcoin and other cryptocurrencies, it looks like we need to travel more time period on the bearish track with intermittent bullish move. Whales haven't started to play the market. Once they start the market can turn either of the direction.

maintaining a 20k level  is indeed good positioning now , I think we are done in below level so maybe in the coming days at least continues greening even with small mark up.

I am rooting for at least 25k in the nearest time this july and maybe at least 30 till the end of 3rd quarter.

For my own understanding I know that bitcoin prediction it's not something that we can stand with, yes we have experience many more of bearish market and which everyone were expecting when bullish will emerges. I need the positivity of bullish is showing evidence in the market but nobody knows if cryptocurrency especially Bitcoin the prize with rice bag to seventeen thousand or not. Nobody can stand with cryptocurrency value regulations.

[Rufsilf]

Bitcoin starts to recover now and is now close to $24k price. I just hope everything at the present won't just end up in bull trap. Because if ever, then we will witness again bitcoin price declining and will hit another bottom price.

I won't consider this a trap but it was a sign that the market is pushing toward recovery. The market is still struggling hard to make it into the pump as the bear season is still there, even there is bulk buying happens it is still not enough to move the price back to high again. 5%, 10% up - it was just a sort of market fluctuation as later on it drop again.

I wasn't really thinking negatively but this bear season will probably stay until the end of this year. In fact, in previous bear season it takes 2-3 years before we finally got into full recovery, that can be the same.

[STT]

Price continually finds a range, we want to know if its trending in that range up or down.    My take is we got the top of that range right now so probably best to flip out of any speculative plays and wait for the next low.    Market is positive due to gas resuming supply in europe but I doubt thats the end of that particular trouble or many others.

[Abiky]

We have basically touched the 50 day average now so for the moment I think thats a good peak to optimism.   The last low was barely above the previous so a better low to stage further movements upwards probably has to occur before we do especially continue upwards.   Neither of which answers the low for this year question but we seem to have a graph which is in the area for making that low even if we dont know if its there just yet I think progression is occurring.

Bitcoin's price increased a little since yesterday, but it's still below its All-time-high. It hovers between the $19k - $22k range at times. I'm not sure that we've reached the bottom yet as money still isn't flowing like it used to. The world is focused on inflation, the COVID-19 pandemic, the Russia-Ukraine crisis, and high energy/gas prices so we should expect further declines in major crypto assets' market prices.

I'm really in no hurry to see Bitcoin reach a new All-time-high as long as it works as intended. It's hoped things will settle after the Bitcoin halving of 2024. This is just the accumulation stage before bulls take over the market again. No one can predict the future, so we can only hope for the best. Just my thoughts

[Pejoh Asu]

I hope that the price of $ 18k is the bottom price, of course the market is difficult to guess so that it makes us have to always be vigilant, even though these days the market continues to rise but unexpected things often happen, and if the price drops below $ 20k again then bad opportunities can occur again.

[dataispower]

Op I'm responding to the text because i have seen that bitcoin is going down during the period of  last two months, i believe that estimate or valuation you give can not bring Bitcoin down again. I believe that bitcoin is a currency that rise due to influence of the market demand and market supply, i believe that cryptocurrencies have it way of increasing and that way come directly from one side and the side is bitcoin. Early day ago bitcoin rise and make small change in the values.

[doomloop]

The 25k target in July is very achievable given what is going on, what is the reason for the market to be green again, I still don't know what is driving it? but I see ETH and altcoins rallying pretty impressively, there are altcoins that are up almost 20% in the last 24 hours.

Expect the market to have long days of growth before the Fed announces the next interest rate and always be careful because we're not done with bearish yet.

We only have 10 days left and the price is still stuck at $22k. I don't think we will make it to that target you guys are aiming at. $25k is still small and I don't think that can make this whole market turn into green but only a real bull run can. The only coin that will be in green is probably btc because it showed an increase but it can also turn into red later on. That's good if eth and other alts are increasing on their own.

It was like they know that btc is also struggling to lift its own price. Me either I don't know if what drives their increase because I don't see any major positive news from those coins. Oh well, maybe whales are at play again? Hhmm....

[KennyR]

I hope that the price of $ 18k is the bottom price, of course the market is difficult to guess so that it makes us have to always be vigilant, even though these days the market continues to rise but unexpected things often happen, and if the price drops below $ 20k again then bad opportunities can occur again.

Surely the price will drop down to $20k. What we see with the rise in the price of bitcoin is just a part of relief rally. If the price is able to cross the $25k barrier, then we can expect something positive out of the market. Until then there is more chances of drop in the market than big bounce. The market is uncertain and we didn't heard any big news which could bump the price harder.

[Rockstarguy]

I hope that the price of $ 18k is the bottom price, of course the market is difficult to guess so that it makes us have to always be vigilant, even though these days the market continues to rise but unexpected things often happen, and if the price drops below $ 20k again then bad opportunities can occur again.

We are still in the bear market,  but right now I think the bear market is not serious like some weeks ago. In the bear market it is better to hodl , and if the price of bitcoin falls the only option is to hodl till when the bear market is over. I don't consider fall of price to be bad opportunities, it is also a good opportunity to some other people,  most investors buys Bitcoin in every dip.

[Abiky]

Surely the price will drop down to $20k. What we see with the rise in the price of bitcoin is just a part of relief rally. If the price is able to cross the $25k barrier, then we can expect something positive out of the market. Until then there is more chances of drop in the market than big bounce. The market is uncertain and we didn't heard any big news which could bump the price harder.

There are predictions that Bitcoin could drop as low as $8,500 soon. That's way below the projected downfall of $19k per coin. The global economy is still struggling to recover, so it's likely this will become a reality soon. You can't expect Bitcoin to rise all the way to the moon, when most people are selling it to pay for their needs in these "inflationary" times. We'd have to wait until everything settles for Bitcoin to gain traction once more. Bitcoin is still fully functional as a borderless currency anyone can use worldwide, so it's unlikely a dip in price will cause its death anytime soon. Who knows how much BTC will be worth in the future? Just my opinion

[Fakhrulenclix]

I hope that the price of $ 18k is the bottom price, of course the market is difficult to guess so that it makes us have to always be vigilant, even though these days the market continues to rise but unexpected things often happen, and if the price drops below $ 20k again then bad opportunities can occur again.

We are still in the bear market,  but right now I think the bear market is not serious like some weeks ago. In the bear market it is better to hodl , and if the price of bitcoin falls the only option is to hodl till when the bear market is over. I don't consider fall of price to be bad opportunities, it is also a good opportunity to some other people,  most investors buys Bitcoin in every dip.

Everyone's response is different every time there is a price movement and of course it's not a bad thing when the price of BTC continues to decline, there may even be some people waiting for this to happen in order to invest in large amounts.
but with what is happening now I think the price of Bitcoin is slowly starting to improve and if nothing bad happens that disrupts the world economy I think it is difficult for us to see the price of Bitcoin at its lowest point again.
to close this year I predict the price of Bitcoin will not have a significant movement again let alone plunge back too deep, I don't think we will see that.

[Ultegra134]

Surely the price will drop down to $20k. What we see with the rise in the price of bitcoin is just a part of relief rally. If the price is able to cross the $25k barrier, then we can expect something positive out of the market. Until then there is more chances of drop in the market than big bounce. The market is uncertain and we didn't heard any big news which could bump the price harder.

There are predictions that Bitcoin could drop as low as $8,500 soon. That's way below the projected downfall of $19k per coin. The global economy is still struggling to recover, so it's likely this will become a reality soon. You can't expect Bitcoin to rise all the way to the moon, when most people are selling it to pay for their needs in these "inflationary" times. We'd have to wait until everything settles for Bitcoin to gain traction once more. Bitcoin is still fully functional as a borderless currency anyone can use worldwide, so it's unlikely a dip in price will cause its death anytime soon. Who knows how much BTC will be worth in the future? Just my opinion

I'm not too fond of predictions because they're often not that accurate. While I believe that we haven't reached the bottom yet, I find it extremely hard to believe Bitcoin could fall by that much. Yes, the economy is struggling due to the war and inflation, and is probably going to worsen in the near future, but $8.500 seems way too low. In my opinion, the lowest we'll see won't fall below $10.000 - $12.000.

[dragonvslinux]

We need to go long. The market at present is in good position according to the charts. In reality of the market connective to the world market and the incidents taking place associated with bitcoin and other cryptocurrencies, it looks like we need to travel more time period on the bearish track with intermittent bullish move. Whales haven't started to play the market. Once they start the market can turn either of the direction.

maintaining a 20k level  is indeed good positioning now , I think we are done in below level so maybe in the coming days at least continues greening even with small mark up.

I am rooting for at least 25k in the nearest time this july and maybe at least 30 till the end of 3rd quarter.

I think $25K this month is realistic, even $30K by next month, if the bottom is in that is. Otherwise not much hope to see higher than that.

By Q3 price could quite easily reach $50K based on a 2019 style dead cat bounce (few people realise this fortunately).

Currently I'm at 40% believing the bottom is in, but by the end of the week that will likely be 60-80%:

Here's my own personal bucket list for confirming a Bitcoin low that I'll keep updated.

1. Pi Cycle bottom signalled: 11/07 @ $20.8K ✅
2. NUPL leaving capitulation levels: 18/07 @ $22.4K ✅
3. Weekly RSI leaving oversold conditions: ❔❔❔
4. Price closing back above 200 WMA: ❔❔❔
5. Hash Ribbons indicator buy signal: ❔❔❔

I also think some point next week, or end of next week, others will start to believe there's a greater than 50% chance the bottom is in  

[Finestream]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Bitcoin is again dumping these days, right after a short recovery. And this time, i think bitcoin will experience more price downtrend that could lead  reaching another bottom price. Although no one knows exactly what's in store for bitcoin and its real bottom price, but i must say once bitcoin drops its price drastically, it will always be a perfect time to buy again and accumulate more bitcoin. Weak hands are starting to panic right now, but for strong hands this will be another great opportunity to invest.

[Hamphser]

Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy.

What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much.

Bitcoin is again dumping these days, right after a short recovery. And this time, i think bitcoin will experience more price downtrend that could lead  reaching another bottom price. Although no one knows exactly what's in store for bitcoin and its real bottom price, but i must say once bitcoin drops its price drastically, it will always be a perfect time to buy again and accumulate more bitcoin. Weak hands are starting to panic right now, but for strong hands this will be another great opportunity to invest.

Dumping and declining market is part of a market because it cant really be called a market if it wont really be having these movements and since this market is unpredictable then there's no way that you could really

able to point out on whats the bottom or even on whats the peak.There are lots of factors that could really affect out whether it would really be sticking out on technical aspects or would be heavily affected by
news and events that circles around the market.
Therefore, every call and decisions will be entirely be depending on someones awareness and skills or knowledge throughout the market.You cant really just
making yourself rely fully on things specially on what information you are able to hear around.

[Abiky]

I think $25K this month is realistic, even $30K by next month, if the bottom is in that is. Otherwise not much hope to see higher than that.

By Q3 price could quite easily reach $50K based on a 2019 style dead cat bounce (few people realise this fortunately).

Currently I'm at 40% believing the bottom is in, but by the end of the week that will likely be 60-80%:

No one knows what will happen in the long term. The market is completely unpredictable. Either Bitcoin goes up or down in an instant. I think Bitcoin will continue to decline during the course of the year because of the deteriorating global economy. Until inflation is put under control, don't expect Bitcoin to reach a new All-time-high anytime soon. At least, the Blockchain is alive and healthy as ever. As long as Bitcoin works as intended, nothing else matters. Who knows if someday we see the light at the end of the tunnel? Just my opinion

[dataispower]

We need to go long. The market at present is in good position according to the charts. In reality of the market connective to the world market and the incidents taking place associated with bitcoin and other cryptocurrencies, it looks like we need to travel more time period on the bearish track with intermittent bullish move. Whales haven't started to play the market. Once they start the market can turn either of the direction.

I think what the market is doing now who is returning gradually to the Punch so I believe that the only thing that will have to do right now is to give it a little bit space. I think that the bullish market is coming gradually and who show that the elimination of Derek is getting to an end because the crash of Bitcoin this year is something that is unbelievable which many people thought that bitcoin has gone and it will not resurrect again. In this what we should believe on is that Bitcoin will increased no matter it falls