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

[STT]

The Tesla sale wasnt even a significant event, he had to swap the BTC out to balance his books and stay cashflow positive in the eyes of Tesla shareholders; Musk looks better for selling BTC but its a decision thats nothing to do with crypto just his lacking in results elsewhere.   Musk bought coins didnt need them didnt do anything with them even spend them and puts it back on the market, big noise no news.
   Price for now in all its back and forth has crossed back above the 200 week average.  Its nothing big day to day but its the action we wanted to see really, it'll take a long while for the cement to dry on this.

[Jating]

The Tesla sale wasnt even a significant event, he had to swap the BTC out to balance his books and stay cashflow positive in the eyes of Tesla shareholders; Musk looks better for selling BTC but its a decision thats nothing to do with crypto just his lacking in results elsewhere.   Musk bought coins didnt need them didnt do anything with them even spend them and puts it back on the market, big noise no news.
   Price for now in all its back and forth has crossed back above the 200 week average.  Its nothing big day to day but its the action we wanted to see really, it'll take a long for the cement to dry on this.

It did make some noise, but after that, the market didn't move negatively, maybe we are expecting it or investors are done with the Elon Musk news, trying to manipulate the market price.

Yes, we have crossed the 200 weekly average and that it goes, we almost tap $25k in the last 48 hours, then went down a bit, but bounce back to $24k. The CPI announcement was really significant news as this might be a sign of bullishness in the coming weeks.

[GreatArkansas]

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

For me, I can say the $20,000 is the bottom for this cycle, either we visit it again or we did already. Why $20,000? Because from the previous bull run, the top was $20,000 so it was the resistance, and now it is acting as support. I'm very positive with it, like every drop from the current price, the $20,000 support will be tested everytime.

[btc78]

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

bottom is IN? why not post this when the price reach 17k ? now that the price is at 24-25k you are pointing about Bottoming ?

I think this isn't the bottom instead this is the start of the bull market .

it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .

[Silberman]

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

I think a great deal of the forum members will like for that to be the case, however while the bottom is important for a great deal of people what we do not know is how long this crypto winter is going to be? Because the last one we had to go through was incredibly long, not only the price went down to very low levels it remained there for a significant amount of time. Even if the price does not go down to the point we reach a new bottom a lot of people can still panic and sell their coins for a loss as they get desperate because the market doesn't move upwards, now that is not really a problem for the people that have experimented a bear market before, but for all of those that have yet to go through such an experience the next months or years will be incredibly challenging.

[btc_angela]

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

I think a great deal of the forum members will like for that to be the case, however while the bottom is important for a great deal of people what we do not know is how long this crypto winter is going to be? Because the last one we had to go through was incredibly long, not only the price went down to very low levels it remained there for a significant amount of time. Even if the price does not go down to the point we reach a new bottom a lot of people can still panic and sell their coins for a loss as they get desperate because the market doesn't move upwards, now that is not really a problem for the people that have experimented a bear market before, but for all of those that have yet to go through such an experience the next months or years will be incredibly challenging.

We can only look at the previous history and can speculate how long this bear market will last. The same thing that we can speculate that maybe the bottom is in already.

This is good thing with crypto though, the data is fairly young, but so far we can extrapolate and predict what will be the next pattern. And now the previous all time high of 2017 is now our support lines, along the line of $20k, so this could be another indication that the bottom might be in for now or at least for this year.

[minairia3]

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

bottom is IN? why not post this when the price reach 17k ? now that the price is at 24-25k you are pointing about Bottoming ?

I think this isn't the bottom instead this is the start of the bull market .

it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .

Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.

[dragonvslinux]

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

bottom is IN? why not post this when the price reach 17k ? now that the price is at 24-25k you are pointing about Bottoming ?

I think quite obviously, unless you have a crystal ball how would you know $17.5K would be the bottom? Sure it's possible to see how this level could act as support, based on volume data from late 2020, as it was the only relevant trading range between $12K and $30K. Therefore calling the bottom should only really be done once price has confirmed strong support, regardless of whether that's 20% or 40% higher. As I referenced previously, if you were looking for certain confirmation of a bottom in 2015 or 2019, then these would arrive anywhere up to 100% up from the low, as well as take several months to confirm. Now it's been around 2 months and price has increased 40% from the low, it's about the right time to consider it, not before.

it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .

Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.

Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.

$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.

[Wexnident]

I'm hopeful that it is, we haven't seen any big dumps after getting past $20k and even though it's slow, we're seeing a gradual increase in the price. I might wait till at least it goes past $30, $35k though before actually putting past it crashing back down the gutter. We might end the year at around $40k. After that, it's just a waiting game again to see if it drops back down or continues its gradual increase. Not expecting any big pumps though.

[Chainsmokers]

I think Bitcoin's bottom is at $17k, because in June the bitcoin price dropped to $17k and can survive,
of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.

[Webetcoins]

It did make some noise, but after that, the market didn't move negatively, maybe we are expecting it or investors are done with the Elon Musk news, trying to manipulate the market price.

Yes, we have crossed the 200 weekly average and that it goes, we almost tap $25k in the last 48 hours, then went down a bit, but bounce back to $24k. The CPI announcement was really significant news as this might be a sign of bullishness in the coming weeks.

There's still a down moment few days later after that announcement but it wasn't really huge as before. Now the price rarely declines but it's only showing an increase. We don't know what will be the future movement of the price but most of us are always optimistic and wants to see a positive movement. In terms of Elon, yes the people are done with him. It started when the doge coin decline too much.

Let us hope that Elon won't comeback again in crypto so that no disruption can take place. We didn't lose 25k but that's only how this market works, that after an increase there will be a decrease and then it will jump again at a better price.

[Oilacris]

I think Bitcoin's bottom is at $17k, because in June the bitcoin price dropped to $17k and can survive,
of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.

We cant say nor finalize things up considering on the upcoming things to happen.

Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms
https://www.bloomberg.com/news/articles/2022-07-07/mt-gox-creditors-inch-closer-to-repayment-as-bitcoin-dump-looms

Lets wait for this one and after the dump that would happen then this is where we can really say on where a possible bottom
could be seen. So lets just prepared and anticipate for things to happen.

[Moshi Moshi]

the bottom for bitcoin seems to be still very deep, I myself also can't be sure $17k is a bottom,
everything will be seen this month, if bitcoin can breakout from $30k then $17k is a bottom.

[kotajikikox]

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

That is your opinion but at least you should bring some fancy proofs or idea how this will be happening because if that is only according to your Crystal ball then no one will seriously  believe that claim.

and besides we cannot just portray the price according to our belief, market will act depend on how we treat it and how we invest on it.

[minairia3]

it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .

Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.

Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.

$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.

I agree that $30k is a very important resistance, if you are certain it will, and $50k for year-end.
We are about 600 days away from the next halving which means it will happen by the end of 2024, many are predicting that we will see a new ATH after the halving. So my question is if bitcoin hits $50k by the end of the year or maybe Q1 2023, will bitcoin hit a new ATH before the halving happens?

[dragonvslinux]

it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .

Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.

Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.

$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.

We are about 600 days away from the next halving which means it will happen by the end of 2024, many are predicting that we will see a new ATH after the halving. So my question is if bitcoin hits $50k by the end of the year or maybe Q1 2023, will bitcoin hit a new ATH before the halving happens?

It's possible for a new ATH before/during halving, but not if Bitcoin reaches $50K this year, that would be non-consequential. I see this cycle as being 6 months earlier than previous ones. Ie a cycle top in April/May as opposed to November/Devember, with a low now formed in June, as opposed to December/January time. It will take until the end of the year for this theory to confirm, but seems accurate so far.

As I said, if prices reaches $50K this year, I'd expect a higher low around 3-6 months later, probably around $25K to $30K levels, where the 200 WMA will be priced by then.

[Nrcewker]

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

No idea when the Bottom is, and to be honest it doesn’t matter also.
In case of Bitcoins, whenever possible buy as many Bitcoins as you can. If you wait for bottom of the price, then definitely you will miss the golden opportunity.
Bitcoins are now completely for long term investment. So if you are able to buy it below 30k usd price, consider yourself as lucky. Buy the Bitcoins and hold for 3-4 months. Definitely you will get twice profit of your invested amount.

[SaveOurSea]

I think Bitcoin's bottom is at $17k, because in June the bitcoin price dropped to $17k and can survive,
of course this is a sign that Bitcoin is strong above $15k, and look at the fact now, Bitcoin reached $24k this month,
and the sentiment on the market is also ongoing with bullish news.

We cant say nor finalize things up considering on the upcoming things to happen.

Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms
https://www.bloomberg.com/news/articles/2022-07-07/mt-gox-creditors-inch-closer-to-repayment-as-bitcoin-dump-looms

Lets wait for this one and after the dump that would happen then this is where we can really say on where a possible bottom
could be seen. So lets just prepared and anticipate for things to happen.

if this happens it will be a nightmare again, even though Bitcoin is currently trying to survive the strong support at $24k,
and indeed the bullish sentiment is still strong, so hopefully the Bitcoin price doesn't drop from here,
because if $22k breaks, then maybe $17k becomes strong support again,
and if it breaks again then we will see the nightmare

[adaseb]

The biggest test this month will be what happens to Bitcoin when the MtGox coins are finally distributed. I think this is the reason why ETH is stronger than BTC because many are worried about the large supply hitting the market and causing Bitcoin to head lower.

So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.

[Untomabur]

I don't think anyone will know at what price the Bottom is at, but for now we can assume that $17k is a bottom,
because the price jumped from there and managed to break through $20k again, where we know $20k is strong resistance,
and if we hold on at the level of $23k it is certain that September or Q4 will be bullish for cryptocurrencies