Have we reached a bottom price for BTC?

[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.