Have we reached a bottom price for BTC?

[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