Is the bottom in for BTC?

[romeareo]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

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[pooya87]

So far it looks like $20k was the bottom and the market doesn't show any interest in going any lower. For example over the past 48 hours they have been trying so hard to manipulate the market for a bigger crash but they failed and price went back up again.

Usually, BTC bottom is a drop down to 84%

Usually there is a >10k% rise then there is a >80% drop. We didn't have that kind of rise this time to be followed by this big a crash. So what we see is new and can not be speculated based on past market behavior.

[Poker Player]

While we cannot be 100% sure, I would say that the $17k we saw recently was the bottom of this cycle, barring catastrophic news.

I didn't quite understand that after the rate hike both Bitcoin and the stock market went up. In theory less liquidity is going to make them go up less, but I guess that is because with these rate hikes inflation is going to be curbed.

What I don't see is great joy until the next cycle. I don't think we will beat the ATH until then.

[Mate2237]

Why are saying $20k is the bottom. Bitcoin was below $20k as of the month of June. But as for now $21k is the bottom. But I can not be hundred percent sure because the market is unpredictable in nature. If anyone wants to invest in bitcoin, don't look at the bear market but having strong heart and determination.

[btc_angela]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

Well we have seen the price going to $17k and others say that this could be the bottom already, but there are still who thinks that it can go lower.

But so far, we have stayed in the $20k'ish price range since that last all time high. So who knows, we are in the -70% drop from $69k. So if we go by your 84% then we are still very far from the bottom price. But then again, market is very volatile, so it's hard to predict if the bottom is in or not.

[rodskee]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

this could be? or will be? who knows?

nowadays , the price is constantly changing , it is somewhat climbing a little but falling big and that is not a good indication for short term holders.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

it is far different from what we have in the past , because we have more institutional investors now and imagine that the market is not falling to below trillion dollars.

[ololajulo]

Whenever I see topics about the bottom both on the forum and the social media, then I expect another dip. It could indicate several buy order are set around this price in most of the exchanges. Then the onchain analysis could tell with number of bitcoin deposited in past few weeks on exchanges. All the space will need a news, not necessarily a very bad new before we see another deep, I dont deny that we are close to the bottom of the market from here, maybe just 2 steps from it.

[traderethereum]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

You should know that the price of bitcoin can drop sharply again and take us by surprise, especially if we are not prepared for anything that could happen to bitcoin.
Only by being patient and calm can you continue to analyze the market situation to find something that might be useful to you.
If you ask if this is the most basic price for bitcoin, the answer is only possible because we don't have a definite answer.
But, if you want to buy bitcoin, buy it when the price is decreasing and if the decline is sharp, that is the best time to buy bitcoin.
But it all depends on how your analysis results because never do anything based on other people's analyses that you don't know.

[Baofeng]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

Hard to say, if we look at the current price, it's just like $4k-$5k, so that can easily be shave if there will be a negative news, pulling the price down below $20k.

On the other hard, it seems that we have bounce back again, and even if we still war the war in the background, the price hasn't struggle. And as we either the last quarter, wherein the price seems to be recovering a bit, maybe we have witnessed the bottom already.

[Nrcewker]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

No one has seen the future, so yes no one can actually say what is the bottom.
What people are saying or answering you is based on predictions and estimations. BTC has fell upto 17k usd. I guess that was the lowest point for the bear market.
And now BTC will struggle in the 20-25k usd range for few more weeks, then we can see a price jump maybe.
Let’s hope for the best and wait.

[dragonvslinux]

I'm currently at 60% believing the bottom is in, so have voted yes, but not fully convinced yet. Closing back above the 200 WMA this week or next, currently at $22.8K, would increase this to 80% for me.

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: 24/07 @ $22.6K ✅
4. Price closing back above 200 WMA: ❔❔❔
5. Hash Ribbons indicator buy signal: ❔❔❔

While the 200 WMA looks like it can be reclaimed relatively easily now, my main concern is that hash rate has not fully recovered yet, which has always been the requirement for a recovery in the past. This is simply due to strength of the network being an important fundamental aspect of price increase. That said, this could simply happen at a later late around similar prices, after a pump and rejection from $30K for example.

[Gozie51]

The price have been between $22k and $23k for more than a month and for now no body can say it clearly that the price of bitcoin has reached buttom for now it is about prediction and being careful because this could also be a bull trap that if you sell you may regret when the price start to bull, it is only an uncertain market this time.

[onecall123]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

It's impossible for anyone to predict what will happen, if the last run was any indication. Having a plan for anything is the best advice. Be realistic.

There is very strong support at 19K, so the worst may be over. I do not think Bitcoin has any better chances of going lower, but it is still a gamble. As far as I'm concerned, there is a great deal of manipulation going on. Bitcoin bought under 20k is now being sold to us for 23k by those who purchased it before.

[STT]

I will vote yes on the weather showing up today because BTC did just react very positively.   Medium term I did imagine we make another low and scare a few more out even if it was brief it will harvest some stop loss orders before finding a less volatile direction.   
  BTC spent the last 4 days contending then beating the 50 day average, to leave that behind along with most other shorter term momentum measures will have many assuming BTC can remain positive for the meantime.  30k seems possible or that general area so long as Dollar trades lower, ideally I want DXY below 105

[justdimin]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

I think you are now too late for this. Most of us here are now talking about the pumps and not the dips or the bottom. Where you at when the price is falling down to 16k? But that should be the real bottom for btc because after that, the price did not drop anymore but it only became stable and then showed a small increase later on.

This current price we are in now may not be the true bottom but I think I still can consider this low so you are always welcome to buy it if you are planning. Don't wait for a more dip as it may not occur anymore. You once said that btc is now becoming more popular. In no time, many people are going to pour more money on here.

[cryptomaniac_xxx]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

I think you are now too late for this. Most of us here are now talking about the pumps and not the dips or the bottom. Where you at when the price is falling down to 16k? But that should be the real bottom for btc because after that, the price did not drop anymore but it only became stable and then showed a small increase later on.

I think we are still in the levels that anything can still happen, remember that we are still in the bull run. Although TA might help to predict the price, as others may have said, nobody knows as no one knows what the future hold.

This current price we are in now may not be the true bottom but I think I still can consider this low so you are always welcome to buy it if you are planning. Don't wait for a more dip as it may not occur anymore. You once said that btc is now becoming more popular. In no time, many people are going to pour more money on here.

Of course, this is still low, the bottom is around $17k, and the price today is on $24k give or that. So that is still very cheap and there is still a good opportunity to 'steal' some bitcoin and then simply hold on it.

[harizen]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

For the sake of speculation, we can assume that the $20,000-$22,000 range is the current bottom. The price is swinging at that range for weeks now and seems that there's strong support to hold that price range where there is notable more demand.

After all, we don't know what will happen next. Regardless if that's the bottom or not, if the plan is to hold for long, then just do the buy at that price level.

We should always try to avoid the question to ourselves, "if only I bought before" when an uptrend is now slowly happening.

[arwin100]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

For now we can say $20k is the bottom since market is showing some strength to remain playing at $20k - $23k figures and maybe we can remain like this until we see bitcoin price recover after bear market effect on it.

But we still need to watch how the flow end up these days because even if we see some green lines for the past few days still chances to see it dump still there.

[suzanne5223]

I am not 100% sure. This could be the bottom i.e at $20k - $22k or there could be one final capitulation to $13k for the final bottom.

The market once downtrend to $17,708.62 before it maintains the $20K - 23K price range which automatically makes $17K the bottom price. However, the recent market trend doesn't mean the bear market is over nor does the Bitcoin market's last bottom price been achieved because the last bottom price always happens in Q4 of the bearish market.

Usually, BTC bottom is a drop down to 84% but again we have more awareness and adoption. From now on the drops might be smaller.

What do you guys think? Go with your gut

More awareness and adoption are not enough to make the market bullish and there's something that could make the market bearish despite more awareness and adoption and the mining difficulty level is one.
Having said that, I expect the Bitcoin market to downtrend 90% of its ATH price.

[Wilhelm]

With all the recession and inflation going on, Bitcoin keeps recovering with veracity.
We are also making higher lows.

For me the bottom is in but confirmation will be when we hit the 30k support...