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.

[_act_]

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.