Have we reached a bottom price for BTC?

[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.