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

[GeorgeJohn]

Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.

some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k)

[carlfebz2]

Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.

some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k)

No one really knows on whats the bottom which it is really just understandable that mistakes and wrong decisions would really be that totally unpredictable which means that we are really that prone to mistakes

or good calls which i cant blame out people on having that impression that this might be the bottom considering that the price had plummuted below 19k which we havent seen once in a while.

For those who do short on futures trading then are the ones making out money and now its not bad to make out some snipping profits from that small increment increase that we do have in price.
Its up on someone actually in regarding into these kind of investment decisions since not all would be having the same mindset.

[Slow death]

This discussion about where the fund is reminds me of a few years ago when the price of bitcoin dropped from $20,000 to $3100. at that time they said that the fund was 1000$ but the price never dropped back to 1000$, that is, the real fund was 3100$, for the forecast of where the fund is currently I would say that I still don't know, I say that because it seems to me that the support that is at 18000$ is very strong and whenever it drops a lot and the price immediately goes back up, maybe the bottom is 17000$. as we are in a situation where the price only drops a lot so I will wait to see if it breaks the 17000$, if it doesn't break the 17000$ and recovers then the bottom was really the 17000 to 18000$

No one really knows on whats the bottom which it is...

people are just trying to guess where the bottom is, i would say that saying where the bottom is is the same as playing some gamble, with the difference that if someone hits that person doesn't win anything

[KennyR]

It is much expected bounce. The price that dropped around $18k have made a good bounce. This will go further reaching $20k+ and when the interest rate is being announced we can experience the decline or upward movement of the market. By that time the decline could go far below the price thats been reached earlier. The four year cycle is perfectly making a coincidence.

[_BlackStar]

As I invested in Bitcoin, I'd never thought about the bottom price for I never know what it would be in the first place. The volatility of the market seems to affect the entire market which makes it hard to say if we are already on that status or not. Honestly, it is all just a sort of market assumptions and speculations which mostly wrong. We're not yet sure if that $18.4k as you have said is the bottom price because as long as we are still in the bear season that is most likely changes and drops will come.

One of the most plausible reasons why people want to know the lowest price is because they want to collect bitcoin. This year the bitcoin price dropped to $17.5K around mid-July, and it was the lowest point after ATH in the second week of November 2021. This means that this is the 10th month that bitcoin is in a bearish phase although some people have been very successful in profiting from price fluctuations.

Of course we can expect some price increase during the rest of the year, but several factors need to be considered given the Mt.Gox distribution has not yet been realized. I might think the distribution of bitcoins that Mt.Gox will have an impact on the market, but it won't be very pronounced if the distribution percentage is not more than 20% per stage. In terms of probability, I believe the maximum decline could be up to 80% of ATH, but I also don't deny that the price could drop lower than that percentage.

[peter0425]

It is much expected bounce. The price that dropped around $18k have made a good bounce. This will go further reaching $20k+ and when the interest rate is being announced we can experience the decline or upward movement of the market. By that time the decline could go far below the price thats been reached earlier. The four year cycle is perfectly making a coincidence.

well if we will check the market there might be an increase because the price stands 19k now but still struggling to break 20k so maybe a little wait will help.
But I'm afraid that there will be a further increase because the world is in so much pain now from the problem arising from here and there and the world economy is still in hard shape now.

[bakasabo]

Any price can be the bottom. It does not need much to cause mass panic or make some announcements to move Bitcoin price to any direction. Recently we have touched $18.4k and bounced back. Some might think that $18k is the bottom, as Bitcoin has already bounced twice from that level. But the same ideas were used when the price was $40k, $30k, $30k. People just like round and beautiful numbers, but the price lives its own life.

some people misquote the bottom of Bitcoin value because they don't know exactly what bottom of Bitcoin is all about, expecting when the bottom will come before investing, in think theirs no cogent reason behind that, because at any stage of bitcoin it's the bottom, but some taught that bottom is all about when bitcoin to the extent of below twenty thousand (20k) and also reach to the value of ten thousand (10k)

That is because people are lazy to open a price chart. What is the point of predicting whether yesterdays $18.4k is the bottom, when, for example in December 2018 we had $3.4k ? People are lazy to realize, that each purchase, each buyer has its own bottom. For example those who has bought bitcoin at that price of $4k, now read this topic and smile, when they see $19k. And it is oppose, those who have bought at $60k, probably sold at $40-50k and that was their bottom.

[XwWnu]

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

if we look at all the altcoin charts of course we can conclude that this is a bottom,
but for Bitcoin it still hasn't, yes this is why the price of altcoins is still not safe and can't be said to be bearish is over,
because the shadow price of $10k for Bitcoin can still be achieved, so we have to be careful

[barbara44]

It is not easy to speculate about what bitcoin will do because it is such a volatile asset. Sometimes it goes up and sometimes it goes down and we never really know what happens. All we can do right now is to wait for it to go up, and if it goes down that would be upsetting but that's about it, we can't really make anything happen by ourselves, and if it goes down even further then we just need to wait some more.

What people do not understand is that you could buy to get ready for a higher price, but you can't do anything about the price going down, and that is why you shouldn't be worrying about it, just wait for it to recover, that's all you can do and maybe DCA if you have some more money.

[Dave1]

It is not easy to speculate about what bitcoin will do because it is such a volatile asset. Sometimes it goes up and sometimes it goes down and we never really know what happens. All we can do right now is to wait for it to go up, and if it goes down that would be upsetting but that's about it, we can't really make anything happen by ourselves, and if it goes down even further then we just need to wait some more.

Also, you failed to include about the cycle, there are two types, the bear and bull cycle. And as we know, the bear market is where the price go down hard that there are people who are afraid to invest.

What people do not understand is that you could buy to get ready for a higher price, but you can't do anything about the price going down, and that is why you shouldn't be worrying about it, just wait for it to recover, that's all you can do and maybe DCA if you have some more money.

The best thing to do is just to accumulate thru DCA in this bear market. This is a win-win situation for all of us. Maybe it's not for all, specially those that I have mentioned, they fear when the market is very volatile and the prices is down. And with that, I can only speculate that the bottom might be reach next year, right before the halving.

[STT]

So far this 2 day average has bested the attempts of BTC to consistently rise and recover prior losses.   Beyond this the yellow line is roughly a weekly average and its not even come close to challenging that, we cant especially think BTC will act positively while unable to trade positively for even 2 days.    All I see here is sideways, slightly negative and no indication of any bottom pricing being apparent.

[Oceat]

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

if we look at all the altcoin charts of course we can conclude that this is a bottom,
but for Bitcoin it still hasn't, yes this is why the price of altcoins is still not safe and can't be said to be bearish is over,
because the shadow price of $10k for Bitcoin can still be achieved, so we have to be careful

I'm sure most of those altcoins are already in the bottom or might as well as their market isn't moving at all.
But for the price of Bitcoin, we can't say yet that the bottom has been touched yet unless if Bitcoin push upward a little every now and then. But it doesn't happen yet so we can't tell whether the bottom has been touched or not. But one thing is for sure, it will surprise us to see the bottom once it gets deep down.

[cryptomaniac_xxx]

Sometimes you really wanted to think that the bottom is in, but if you look at the market in the last couple of weeks, we are again near on that level, currently the price is just $18,500. And if there will be selling pressures this week, we might see that plummeting again and then enter another bottom. End of the week or every month works like in  a clockwork now, seems the price is going down. So this might be the case again next week, I reckon.

[sayaya17]

Sometimes you really wanted to think that the bottom is in, but if you look at the market in the last couple of weeks, we are again near on that level, currently the price is just $18,500. And if there will be selling pressures this week, we might see that plummeting again and then enter another bottom. End of the week or every month works like in  a clockwork now, seems the price is going down. So this might be the case again next week, I reckon.

Although I don't know the bottom price Bitcoin will reach, for sure the price of $ 18k can be said to be a low price and the right time to buy Bitcoin.
Hopefully Bitcoin doesn't fall any lower in the near future, because if Bitcoin does fall even lower, it is certain that many investors will panic and
selling pressure will be high. Even though Bitcoin no matter how deep the price goes down, we don't worry and don't sell our Bitcoins at low prices.
I can only suggest if this week the price of Bitcoin is getting lower in price, what we really have to do is don't panic and buy more Bitcoins every time
the price drops. Indeed, I admit that buying Bitcoin at a low price is not easy, because we must be afraid that the price of Bitcoin will still fall even lower.
But we have to put our fears aside and have to believe Bitcoin will recover, that way we don't hesitate to buy Bitcoin every time the price drops
to a lower price.

[Hamphser]

Sometimes you really wanted to think that the bottom is in, but if you look at the market in the last couple of weeks, we are again near on that level, currently the price is just $18,500. And if there will be selling pressures this week, we might see that plummeting again and then enter another bottom. End of the week or every month works like in  a clockwork now, seems the price is going down. So this might be the case again next week, I reckon.

Although I don't know the bottom price Bitcoin will reach, for sure the price of $ 18k can be said to be a low price and the right time to buy Bitcoin.
Hopefully Bitcoin doesn't fall any lower in the near future, because if Bitcoin does fall even lower, it is certain that many investors will panic and
selling pressure will be high. Even though Bitcoin no matter how deep the price goes down, we don't worry and don't sell our Bitcoins at low prices.
I can only suggest if this week the price of Bitcoin is getting lower in price, what we really have to do is don't panic and buy more Bitcoins every time
the price drops. Indeed, I admit that buying Bitcoin at a low price is not easy, because we must be afraid that the price of Bitcoin will still fall even lower.
But we have to put our fears aside and have to believe Bitcoin will recover, that way we don't hesitate to buy Bitcoin every time the price drops
to a lower price.

No one knows on what would really be the bottom would be and since this market is unpredictable then no matter how skillful or knowledgeable you are but still you cant make out 100% precision in terms of prediction

and speculation because market could really turn upside down without even been expecting or totally opposing on what you had analyzed.This is why its really hard to make out conclusions in speaking about bottom.

Thing here is that you do know on how to presume up things in upcoming market trends. Ex. Mt.Gox selling those coins..Its safe to presume that on the time of distribution then there would be high
chance or likely to have those dump in price of Bitcoin.

[jossiel]

Sometimes you really wanted to think that the bottom is in, but if you look at the market in the last couple of weeks, we are again near on that level, currently the price is just $18,500. And if there will be selling pressures this week, we might see that plummeting again and then enter another bottom. End of the week or every month works like in  a clockwork now, seems the price is going down. So this might be the case again next week, I reckon.

That's how I think of it, we've seen it $17k and we're not yet there but it's very likely that we'll see it in a couple of days. And that's just for the sake expectations so that it won't be surprising anymore.

No one knows on what would really be the bottom would be and since this market is unpredictable then no matter how skillful or knowledgeable you are but still you cant make out 100% precision in terms of prediction

Not until we see a new bottom then for sure that would make predictions come again that we might a bottom of another bottom soon.

It's true though that no matter how experienced, skilled and knowledgelable you are, it's hard to beat this speculative and unpredictable market.

[Finestream]

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.

I don’t think we’ve already reached the bitcoin bottom, and I guess no one will know if its already happening. Afaik, I won’t be bothered and panic once it happens as I’ve done securing my assets through DCAing throughout this whole bear market. And let’s say the bottom is in, for sure it will always recover and bitcoin will surge again for its new all time high.

[Questat]

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.

I don’t think we’ve already reached the bitcoin bottom, and I guess no one will know if its already happening. Afaik, I won’t be bothered and panic once it happens as I’ve done securing my assets through DCAing throughout this whole bear market. And let’s say the bottom is in, for sure it will always recover and bitcoin will surge again for its new all time high.

It drops normally as we are still in the bear season but naturally, we also see recovery after the dump. So, there is nothing we have to worry about and to panic about but instead, we take this time to buy more.

As I recall the past bear season, I could really imagine that was the hardest life in crypto, in fact, the majority had thought it was the end of Bitcoin and many are leaving. And if we compared it now, ohhh, the price is still high. That is why I don't bother myself also to think about the bottom price for we don't know exactly.

[Vaskiy]

It is not in a situation to bounce high. For now the market is well connected to the traditional market. This makes the cryptomarket to be dependent and that's the reason why there is market variation whenever the interest rates been hiked. It takes time for the slow and stabilized growth that we expect out of the market.

Apart from the connection between the traditional and the cryptomarket, it is the market cycle. For every four years, we'll experience the down market and a massive progress. Possibly what we experience is the start of the down market which might bounce back when the transition to bull trend takes place.

[TravelMug]

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.

I don’t think we’ve already reached the bitcoin bottom, and I guess no one will know if its already happening. Afaik, I won’t be bothered and panic once it happens as I’ve done securing my assets through DCAing throughout this whole bear market. And let’s say the bottom is in, for sure it will always recover and bitcoin will surge again for its new all time high.

Most of the time, you will have to think about the bottom, when we hit like $18,300, I guess majority of us think that we will go down further to $17k. But then again the bulls take over the market and now we are in the road to another recovery of $19,500.

So it's really hard to see what will be the bottom or if we have reached it already. The best thing to do is really look at the market and see how we can take advantage. When it goes down below $17k, then it's the perfect time to buy.