Are we at the bottom? no one knows, but market is doing fine.

[Oasisman]

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

Potential drop to $20k I guess, but further below that may still have chance but not most likely as dollars and other essentials are recovering now. Everything seems gradually recovering and one thing I've noticed, Bitcoin is also gradually recovering. Though it is not the kind of recovery that will reach the $30k-ish, but the kind of recovery where it's telling us that it already hits the bottom through this bearish run.

[el kaka22]

Considering the situation we are in right now, I wouldn't say that we are at the bear market anymore let alone be in the bottom. The bottom was long time ago and right now we are doing fine, people should realize that once you start to do good, that is not going to change that easily.

We reached 68k before we started to go back down, I do not think that it will stop at 25k max and then start to go back down again this time around. This wasn't just a small increase, our bottom was close to 17k and our top reached 25k in the recent period, that means it was a 50% or close give or take increase. I do not think that dead cat bounce would be as high as this one.

[kotajikikox]

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

Potential drop to $20k I guess, but further below that may still have chance but not most likely as dollars and other essentials are recovering now. Everything seems gradually recovering and one thing I've noticed, Bitcoin is also gradually recovering. Though it is not the kind of recovery that will reach the $30k-ish, but the kind of recovery where it's telling us that it already hits the bottom through this bearish run.

seriously ? we have seen 17k recently so meaning it is not 20k is the bottom instead either lower than 17 or that 17k is the lowest and yes there are some speculative thread that says it is 13k that is the bottom this year.

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

But how much is the question needs to be answered?

for me ? there is still 15 thousand that coming in the coming weeks or months.

[wiss19]

Are we at the bottom already? If for bitcoin, ethereum and some top altcoins, that can't be since they are now recovering greatly. Maybe it will sound better if you can say something like "are we heading to the bull run already?" because many people are starting to feel positive again and think that this is really a start of something new.

I don't know if what are the status of other coins since I am not monitoring them actively but maybe many of them are still stagnant or keeps on declining. No one knows for sure if what will be their real bottom but was that really matter to you? I think what matter's the most is that the best coins are now doing fine.

[BlackBaron]

Do you see any good signal that we might get out of this mess? Bottom or not until these fundamental problems are solved I just can't see a bull market coming.

it seems that the market is still conducive without you developing ups and downs, but some predictions say crypto users who want to invest in Bitcoin should be patient a little longer to determine the buying situation, of course they don't mention that time.

This means that it is marked that Bitcoin will decline again for the lowest point and for the moment to determine the purchase.

[Yawa2020]

I was a bit Busy and Distracted but If you noticed, Bitcoin was supposed to pump together with the Stocks Market but it was just @ $22k/$23k Area , by the way the NASDAQ has been pumping a little and will pull back soon for a Quick Rebounce and in that case, I think Bitcoin will pull back to $20k Area and then Bounce Up. So always take healthy profits when you see any.

[Minecache]

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

Given the current economic situation, it is highly unlikely for the market to fully recover, but will it drop below $20k again? That's what I think we all care about. Bitcoin has been hovering at $20k for a long time and now at $23k it will probably take a while at this price before deciding on a new trend. Compared to last month, bitcoin is currently much better trading at $23k, but there is no guarantee that we will not be in bear season. I think we need a target of at least $30k to say bear season is over.

[Republikcoin.com]

it seems that the market is still conducive without you developing ups and downs, but some predictions say crypto users who want to invest in Bitcoin should be patient a little longer to determine the buying situation, of course they don't mention that time.

This means that it is marked that Bitcoin will decline again for the lowest point and for the moment to determine the purchase.

Being patient with Bitcoin will not be a problem if the goal is clear and it is for better profit at a time when Bitcoin price gets better. So making incremental purchases at a time when Bitcoin is at its lowest is still a very viable option for everyone to do because it is a very good job. And it's also natural that some of the predictions don't say about the exact time because they are also humans who always find it difficult to make any decisions for the future.

[MCobian]

I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.

If we see the price of Bitcoin has stabilized above $20k in the last few weeks, that doesn't mean the bear market is over. There's still a chance that
Bitcoin will fall below $20k again, so it can be said that Bitcoin has not yet reached the lowest price. But that doesn't mean we have to buy Bitcoin
when it hits the lowest price, because no one can predict Bitcoin price movements accurately. So as long as Bitcoin hasn't been able to rise above $25k,
I think it's still a good time to buy Bitcoin. Because if we delay buying Bitcoin there is a possibility that we will regret it, because it could suddenly
Bitcoin pump in the near future. So why don't we buy Bitcoin at the current price, which in my opinion is quite low when compared to the price of
Bitcoin which has risen above $60k in 2021. Even if after we buy Bitcoin the price suddenly falls lower, we can hold Bitcoin until the price recovers,
because after all the price of Bitcoin will definitely recover again, as long as we can be patient holding Bitcoin.

[Falconer]

Being patient with Bitcoin will not be a problem if the goal is clear and it is for better profit at a time when Bitcoin price gets better. So making incremental purchases at a time when Bitcoin is at its lowest is still a very viable option for everyone to do because it is a very good job. And it's also natural that some of the predictions don't say about the exact time because they are also humans who always find it difficult to make any decisions for the future.

In the long run it's fine and I don't doubt it. It seems like most people are starting to notice and know what they should do with their bitcoin. The main condition is not to invest more money that you can't afford to lose, which means you have to invest in an amount that you can afford to lose.

I don't expect much in the short term as the price may still drop further, but I am inclined to believe that in the next 2 years the bitcoin price will pass the previous ATH at $69K. A good target is profit in the long term, but I don't mind if they are able to make a profit in the short term.

[STT]

Market is just dandy for the moment in terms of its shape its not bad looking.    How it looks after it goes 15 rounds in the next fight over price we'll have more to judge then but its not awful to see a chart like this, its quite regular steps upwards.



50 day average there is rising, some positive and if I stick a simple ruler on the chart I'd guess we are ok so long as we sustain above the early July peak of roughly 21.5k.    I do think theres a fight ahead still not an easy gain but upside targets of 26k, 30k and 35k seems reasonable because that price action is quite open.   A magnetized return to 200 day average would be nice, in theory we do orbit that measure at some point I expect.

[pooya87]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

[goaldigger]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Sadly this is true even though it goes against all logic and bitcoin design!
Bitcoin is the hedge against inflation and whenever the fiat currencies dump, bitcoin price should go up. And we all know that all major fiat currencies from USD to EUR are dumping hard as we can see price of everything is increasing (except bitcoin!).

The crisis affect the investors and the cycle continues up to Bitcoin and cryptomarket, this is why we are having a hard time to recover though at least we are able to go back at the price level of $23k and all we have to do is to sustain this level and go for a sideway trend. Eventually, when the world economy starts to recover Bitcoin will also follow that, we might already hit the bottom but of course, worse scenario can still happen so keep watching the price trend.

[Captain Corporate]

I do believe that we shouldn't be shocked about the return when the prices of everything goes back up. Right now evne oil prices went down, gold did, stocks did, everything did and dollar gained value again. This means that it wasn't just about bitcoin or crypto, it was about everything. I agree that when the world recovers then we are going to start seeing some increases. This is the outside part that will help, there is also 2 insides that may help, one is ETH finally having proof of stake phase 2.0, and then we will also have halving which usually helps us go up. This is why I believe that we could do a lot better in the near future.

[BitcoinPanther]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us.  People will take priority on bringing food to the table than investing.  Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up.  I think we will be seeing lots of sideways from now.

[Ayers]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us.  People will take priority on bringing food to the table than investing.  Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up.  I think we will be seeing lots of sideways from now.

many places that have not yet recovered from the pandemic , they continue to suffer from new difficulties, escalating prices and an energy crisis caused by war

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

[GreatArkansas]

I can say that the market is already fine because of after the storm there's a rainbow.
Past few months on Bitcoin market was a bloody, not only on Bitcoin market but also on other markets.
The good thing here is Bitcoin is slowly pulling back and that's a healthy and natural one for me. I'm really positive for Bitcoin now especially recovering on short term period.

[btc78]

Given the current economic situation, it is highly unlikely for the market to fully recover,

Due to the current economic condition, we still feel the effect of the pandemic, lots of people still don't have jobs, price of commodities is ever increasing, and though there are some recoveries it isn't enough for many of us.  People will take priority on bringing food to the table than investing.  Though, the current relief rally of Bitcoin shows that the trust is there, it is that there aren't enough inflows of money to push the price up.  I think we will be seeing lots of sideways from now.

many places that have not yet recovered from the pandemic , they continue to suffer from new difficulties, escalating prices and an energy crisis caused by war

at least they are seeing bright future now from the heavy days of 2020-2022 , this part of the year we can see them longing to find thing to make them profiting and gaining from the hatred of yesterday.

i see people struggling with daily work to overcome difficulties let alone have idle money to invest, today investment is not their concern, they need to take care of their daily meals first,
regarding bitcoin, i also think we will have a sideways trend rather than a bull season later this year

if you know how this market goes then you should understand that this is the time to deposit and invest if you dont wanna end losing more in the future.

[peter0425]

it seems that the market is still conducive without you developing ups and downs, but some predictions say crypto users who want to invest in Bitcoin should be patient a little longer to determine the buying situation, of course they don't mention that time.

This means that it is marked that Bitcoin will decline again for the lowest point and for the moment to determine the purchase.

Being patient with Bitcoin will not be a problem if the goal is clear and it is for better profit at a time when Bitcoin price gets better. So making incremental purchases at a time when Bitcoin is at its lowest is still a very viable option for everyone to do because it is a very good job. And it's also natural that some of the predictions don't say about the exact time because they are also humans who always find it difficult to make any decisions for the future.

But do we really know if  when is the bottom or not? of course not so it is really not good to say that we need to foresee the Bottom because this is only a speculative one, but what we need to understand is that even if it is the lowest or not? yet what we should do is to trust bitcoin and the coins we are holding and never go for the FUD. do not trust those negative comments instead trust your guts and instinct.

[bitterguy28]

I can say that the market is already fine because of after the storm there's a rainbow.

indeed , the market is now  doing good comparing to what we have in the recent months , though the price is still low yet at least it is greening now and showing strong hold for the following weeks.

Past few months on Bitcoin market was a bloody, not only on Bitcoin market but also on other markets.

actually almost this whole 2 quarter are a bloody days , nowadays we can find ways in saying that we are in good shape now and in the following quarter at least.

good thing here is Bitcoin is slowly pulling back and that's a healthy and natural one for me. I'm really positive for Bitcoin now especially recovering on short term period.

super slow actually , taking 1-5% per week , and lowering in the next week so it is just break even so we are staying at 20-24k till now.