do u think the BTC bottom is in...?

[banban007s4]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

[dragonvslinux]

Personally I'm about 80% confident the bottom is in, based on comparisons to 2015 and 2019 of when a bottom is formed. I doubt I'll feel more than 80% confident until a significant macro higher low is formed, maybe sometime end of the year or next year, or otherwise a new ATH is made. Still waiting for network growth to return in order for price to move higher though, even though it's irrelevant to the bottom being in.

[mk4]

Maybe, maybe not. It's not really my job to guess what the bottom is. I just keep stacking(via dollar-cost averaging) because I know I'm totally incapable of timing markets.


EDIT: just a heads up that this thread was originally in the Bitcoin Discussion section

[mindrust]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

No one can know for sure. This could very well be a dead cat jump. Maybe the real crash hasn't happened yet. That's what Michael Burry (The Big Bear) says at least. Either way it is always the same. Up, down, sideways.

Some claim they've seen it going backwards too but I've never experienced it. I think it is ridiculous. How the fuck markets could go backwards? It is against the physics.

[pooya87]

With the evidence we have so far, we can say that there is a high chance that the bottom is already in and it was the $17.5k price that was momentarily touched in June.

So far there has been about 5 attempts to push the price lower and they have all failed which is another good indication.

Price also tries going back up and fails but each time sets a higher low which is another positive indicator.

[Charles-Tim]

If you are a long term holder, bitcoin bottom should not be much lesser than $17500 and it may not even fall below, just like what happened in 2018 when the price fall below $3200, after the fall, there were series of bull and bear markets but bitcoin price never fall below $3200 again but reached all-time-high of over $60000, but it was a long time before the all-time-high. If you hold for 2 years from this time, expect maximum profit. It is wise and brave to just hold for long.

[Davian144]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

Are you ready to welcome the next bull market with the game you mean?
Because if you think of it as a game, then you should also be ready to play your part in the market in order to make a profit. I think it's about how brave someone is in taking risks when the market conditions change like now, because looking for profits in the next bull condition can't just sit back and watch the market.

[davis196]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

Can you explain what do you mean by "game changing"? A bull run that will be so big that it will change the nature of Bitcoin? Seriously?
If you ask me, the next bull market is going to be....a bull market and nothing else. I'm 99% sure that the next bull market is going to be followed by price corrections, bear markets and all that stuff. This is the true volatile nature of Bitcoin and it will never change.
The price will keep going up and down. Maybe the future cycles are going to be bigger than that the old cycles, in terms of price levels and market cap. We might be witnessing a 100K price or more in the next years. OR maybe Bitcoin will stay in the 20K-60K price range forever and the 2021 ATH was the absolute price peak. Who knows?

[buwaytress]

My personal opinion's not been worth much lately (come to price gauging anyway) but I don't think the bottom's in yet. Doesn't mean I think the rest of the time until the bottom will be torrid. Just think there should be some wild crash, macro Black market day across the board, to take BTC down to a severe low, before recovering.

As someone mentioned above though, inconsequential to what really will be required for a higher drive up.

[Marvell1]

In the last 2 weeks, there have been a number of very good signals coming from the market.

Nevertheless, for me, it was more of a short-term rally and the euphoria caused by the ETH merge is spreading, which is causing a short-term rally. Bitcoin hasn't really bottomed yet and I predict that the price of bitcoin will bottom out sometime in the year 2023.

[LFC_Bitcoin]

I’m hopeful but not convinced that the bottom is in. During the 2018-19 bear market we sat at $6,000 for what felt like a long time before we got rugged & dumped to $3,xxx. In 2019 we went to $13,xxx or something. I remember definitely thinking the bottom was in then before we dumped.

We could easily go to $12,000 or something before the next bull cycle starts after the halving.

I’m covered either way, can’t lie it’d be nice to grab a load of bitcoin low but if not whatever, let’s moon

[Wilhelm]

Yes. The fact that there is optimism now and tons of indicators saying the bottom is in, I'm confident it's in.
Yes there will be some corrections but nothing will be lower than 17.5k.

If you are waiting for cheap coins I'm afraid this will have to do...

[globalpain]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

we are already at the bottom, but we also don't know when the bottom will actually end,
if according to analysis, the Bitcoin price is indeed bottom at $17k, and has been reached in June,
and now the price is moving up above $22k, Of course, if you can stay above $20k, then the bulls will continue.

[dataispower]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

Seriously I don't know that we are into the bullish market of cryptocurrency right now but I believe that the beer market is getting over the way I'm seeing the chat and the level of cryptocurrency or being going up every time and every day but the spot that the price we are targeting is not what we are seeing this time around. so I hope all that the price of cryptocurrency is clamping up gradually and with what I'm seeing right now it's not all about gambling any longer but it is a good time to run investment through cryptocurrency because of the little appreciation bitcoin is getting

[Lucius]

I’m hopeful but not convinced that the bottom is in. During the 2018-19 bear market we sat at $6,000 for what felt like a long time before we got rugged & dumped to $3,xxx. In 2019 we went to $13,xxx or something. I remember definitely thinking the bottom was in then before we dumped.

We could easily go to $12,000 or something before the next bull cycle starts after the halving.

I’m covered either way, can’t lie it’d be nice to grab a load of bitcoin low but if not whatever, let’s moon

I also think in a similar way, because regardless of what happened in the past, we must take into account what did not exist then, namely inflation, war and a possible recession. All this will probably affect the extended bear market, and possibly a new bottom, regardless of the fact that many think that we have completely got away with it.

Inflation hit the middle class and the poor the most, because prices really went wild and some food products are even 100% more expensive, not to mention the price of fuel, electricity, gas or electricity. I think that the average person today has nothing or very little left after paying all the expenses, and therefore cannot invest in anything including Bitcoin.

[Kelvinid]

We need more time to make such conclusions. We still see the market isn't moving high, prices went up and down, I'd see no big difference in the past few weeks as the market still behaving the same. If we are at the bottom already, then that's it? I already bought some Bitcoin and currently holding it waiting for the next halving. I have no worries nor do I think drops can be impossible as surely it comes, at least I was already prepared for the incoming.

But I guess we're done at the bottom and we are now moving back high again, slowly.

[ethereumhunter]

my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.

It may have entered the bottom of the market and now the price is looking for a position to start rising and get another rally. We can only guess without knowing whether the price is already at the bottom or will fall again. But the current price has relieved some people because they can start to make a profit even though it is not big. In addition, they can also try to find other benefits with price fluctuations that keep changing up and down. So they can buy low and sell high.

[bots1]

Although this month the crypto market seems to be in the green, it's hard to say a Bull Run will happen anytime soon. If we look at the current market conditions, there are no signs that a bull run will occur because the bitcoin price is only in the $23k-$24k area and it is still difficult to break above $27k.

[kawetsriyanto]

we are already at the bottom, but we also don't know when the bottom will actually end,
if according to analysis, the Bitcoin price is indeed bottom at $17k, and has been reached in June,
and now the price is moving up above $22k, Of course, if you can stay above $20k, then the bulls will continue.

If the bottom was $17k, It is clear that the bottom ended already.
Something we still don't know when it ends is the bearish period. Although the bearish season is very possible to end in 2024 (BTC halving on May 2024), it can end sooner or later for some reasons. IMHO, there is no certainty in crypto world and there is no guarantee that the history will repeat. So, always be wise to use our funds, even the current Bitcoin price is already around $23k - $24k, it is still possible to drop again below $20k.

[coolcoinz]

Personally I'm about 80% confident the bottom is in, based on comparisons to 2015 and 2019 of when a bottom is formed. I doubt I'll feel more than 80% confident until a significant macro higher low is formed, maybe sometime end of the year or next year, or otherwise a new ATH is made. Still waiting for network growth to return in order for price to move higher though, even though it's irrelevant to the bottom being in.

I agree with you. There's a small chance, maybe that 20% you're talking about, that we hit 6k of 2018 by being at 23k and a crash to 3k which would be something like 12k-15k range. To be honest this ranges are pretty similar if we look at what the price is doing, but also very different because we did not go to 4k then back to 6k and again to 3k, like this year when we hit a low and returned back to the 200 week average.

To be honest this year looks very unnatural on the charts like the selling pressure is too high, the highest ever in history actually. You can see that it's a manipulated crash made by all those dumps of Tera and Tesla et al.