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Question: what is the bottom of this bear market BTC
8000-10000 - 2 (5.6%)
10000-12000 - 6 (16.7%)
12000-15000 - 11 (30.6%)
15000 above - 17 (47.2%)
Total Voters: 36

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Author Topic: what is the bottom of this bear market BTC  (Read 897 times)
udayantha11 (OP)
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2023 would most likely be as bearish as 2022


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October 09, 2022, 05:39:48 PM
 #1

Lets poll the lowest BTC price can expect this bear market

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
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October 09, 2022, 06:26:29 PM
 #2

Though we may all cast vote base on assumption but the accuracy to how far the bitcoin price can go high or low is ultimately unpredictable, but if i may go by my own level of convinctions the least we could encounter with dip in orice is $17k and below $30k all through this year before a major event can take place such as halving where we can have a new all time high, bit for now i don't think bitcoin could go further beyond this low, instead there might be slightly surge in price, this is just base on my personal approach and research.

R


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October 09, 2022, 07:41:16 PM
 #3

The price of Bitcoin currently is above the poll price tag, despite that cryptocurrency price can't be predictable, i believe that the price will go more higher than the stipulated poll digit figure. Because even since this year the price of Bitcoin never go beyond fifteen thousand (15k) as per say. Rather the price is getting more potential to resist from the infinity bearish market.

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October 09, 2022, 08:46:54 PM
 #4

The price of Bitcoin currently is above the poll price tag, despite that cryptocurrency price can't be predictable, i believe that the price will go more higher than the stipulated poll digit figure. Because even since this year the price of Bitcoin never go beyond fifteen thousand (15k) as per say. Rather the price is getting more potential to resist from the infinity bearish market.
Price is totally unpredictable and there's no way that we could really predict on when this bear market ends, whether it would be on this year or into the next.This is why lots of technical analysis and
speculations had been floating around and telling that 10k price or even 8k would be the possible bottom if ever this market would really be crashing but no one really knows on what would
happen next.We cant really able to tell on whats the next move and this is why having the step or action whether you would really be risking out or would really be just waiting up
for some market action before you would really be making some move.

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October 09, 2022, 08:48:56 PM
 #5

This year our lowest low is $17,500. But maybe next year when the bear market continues, and so I voted for

12000-15000

I think if we are going to see a new all time low, it could be around this price. And I have seen others predicting it as well and so I will go with them.

We are still in recession and the war is still in the background and there's no sign that both sides will agree on terms  specially Russia.
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October 09, 2022, 10:28:05 PM
 #6

Lets poll the lowest BTC price can expect this bear market
Though Bitcoin is unpredictable I think, that's unlikely to happen.

Bitcoin price candle this month was played at the range of $18.5k to $20k and it was never down beyond $15k and I think that will not happen.

Do you think it could be a bullish sign this month the hack happened on Binance recently?  It's $100M and it could be converted into Bitcoin.

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October 10, 2022, 03:58:10 AM
 #7

What we need now is a decoupling from the global stock market indicies. We all know the global banks will keep raising rates, so stocks will keep going down. So will crypto and gold. Inflation this week will also lead to hawish action from the fed. Same with the fed meeting they will have. The last weeks employment numbers didn't look good.

Eventually stocks will go down but crypto will stay flat or go up, same with gold. People will realise that fed is damaging the global markets and QE will be around the corner and crypto will most likely take off first. This will happen sometime soon because its already getting bad out there.

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October 10, 2022, 12:17:54 PM
 #8

Lets poll the lowest BTC price can expect this bear market

I guess we already hit the lowest price for this bear market.
BTC won’t fall belo 17k usd. I am not saying this, many veteran traders have already mentioned about this.
Now Bitcoins will only struggle in this price segment for the next few weeks.
Once the bear market gets over definitely, the price will boost up. So I am advising everyone to buy as many Bitcoins as they can in this cheap yet affordable price.

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October 10, 2022, 12:54:30 PM
 #9

This year our lowest low is $17,500. But maybe next year when the bear market continues, and so I voted for

12000-15000

I think if we are going to see a new all time low, it could be around this price. And I have seen others predicting it as well and so I will go with them.

We are still in recession and the war is still in the background and there's no sign that both sides will agree on terms  specially Russia.

I also voted for 12k-15k, I predict it will happen within year and I believe history will repeat and bitcoin will drop more than 80% during this bear season. A few days ago OPEC + announced to cut world oil production and the price of brent oil continued to reach 100 USD, today the news of the war is even more terrible when Russia attacks directly the Ukrainian capital kiev. Bad things are still ahead and I believe it is more likely that they will bottom sooner if the Fed continues to increase 0.75% in November is inevitable.

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October 10, 2022, 01:25:54 PM
 #10

I don't know the bottom price for this year but surely many would think it would be lower to buy Dips but that can't be predicted accurately I just saw in my assumption that $19k is already the lowest and best to buy Dips.

Although there were expectations that were lower than this I wouldn't target too much further thinking I already held the capital to buy more Bitcoins so I did, because I wouldn't be more curious about price bottoms but I'm more important buying regularly for the current bears .

Be buying now before there is a spike because it will be a regret.

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October 10, 2022, 02:38:48 PM
 #11

I don't know the bottom price for this year but surely many would think it would be lower to buy Dips but that can't be predicted accurately I just saw in my assumption that $19k is already the lowest and best to buy Dips.

Although there were expectations that were lower than this I wouldn't target too much further thinking I already held the capital to buy more Bitcoins so I did, because I wouldn't be more curious about price bottoms but I'm more important buying regularly for the current bears .

Be buying now before there is a spike because it will be a regret.

The lowest we went through recently was $17.6k, not $19k currently. Many people are predicting things will get worse and new lows but these are all predictions that no one dares confirm. I find the bottom to be unpredictable, we're just wasting our time on it, what we should do is buy more in this bear market. Maybe we are not at the bottom yet but it is also possible that we are near the bottom and the distance is not too different. Don't let the market spike we will miss the opportunity to buy low.

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October 10, 2022, 02:43:09 PM
 #12

On the paper the correct number is 8k-10k, however there's a very good chance we're too late to get there/that low. Still, never say never.
Imho if it weren't the current uncertainty on financial markets the bear market could have been already over.

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October 10, 2022, 03:17:03 PM
 #13

Lets poll the lowest BTC price can expect this bear market
Moreover this is very difficult to give guarantee on these type of questions. Because in crypto currency he market is very volatile and unpredictable . It is fully depends on the current situation of world economy and also the market of Crypto. And speaking of now, the previous market conditions suggest that Bitcoin will not bottom below 15K, because every time Bitcoin drops below 20K, a small resistance is created that holds it back to move higher.
Many tries to buy back BTC everytime the price drops since we don't know where the price will drop last, so many take advantage of it's downfall when they can since it might rise again after that drop. We cannot see upto how much it will drop or when it will rise again since the market is unstable and there are economic news affecting investors decision. There is also no influencers that can hype the market now unlike before.

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October 10, 2022, 04:01:38 PM
 #14

I don't know the bottom price for this year but surely many would think it would be lower to buy Dips but that can't be predicted accurately I just saw in my assumption that $19k is already the lowest and best to buy Dips.

Although there were expectations that were lower than this I wouldn't target too much further thinking I already held the capital to buy more Bitcoins so I did, because I wouldn't be more curious about price bottoms but I'm more important buying regularly for the current bears .

Be buying now before there is a spike because it will be a regret.

The lowest we went through recently was $17.6k, not $19k currently. Many people are predicting things will get worse and new lows but these are all predictions that no one dares confirm. I find the bottom to be unpredictable, we're just wasting our time on it, what we should do is buy more in this bear market. Maybe we are not at the bottom yet but it is also possible that we are near the bottom and the distance is not too different. Don't let the market spike we will miss the opportunity to buy low.
$19,000 is regular purchase which is considered Dips by me so it's not the lowest price but I don't want to speculate too long but I make sure that I have bought at that price.
Well that's the case if you think too much about the lowest price and even want it even lower, no one knows so I have tried to take this opportunity during a volatile bear market to continue to hoard more Bitcoin in the portfolio.
Even if the price reaches the lowest of $15,000, I will enter again, nothing difficult but we are more prepared to have funds prepared for the next Bitcoin purchase.

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October 10, 2022, 04:19:33 PM
 #15

Eh, the poll doesn't go low enough.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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October 10, 2022, 10:42:24 PM
 #16

The price of Bitcoin currently is above the poll price tag, despite that cryptocurrency price can't be predictable, i believe that the price will go more higher than the stipulated poll digit figure. Because even since this year the price of Bitcoin never go beyond fifteen thousand (15k) as per say. Rather the price is getting more potential to resist from the infinity bearish market.
Price is totally unpredictable and there's no way that we could really predict on when this bear market ends, whether it would be on this year or into the next.This is why lots of technical analysis and
speculations had been floating around and telling that 10k price or even 8k would be the possible bottom if ever this market would really be crashing but no one really knows on what would
happen next.We cant really able to tell on whats the next move and this is why having the step or action whether you would really be risking out or would really be just waiting up
for some market action before you would really be making some move.
All what they doing is assumptions because it's very obvious that prediction of the price of cryptocurrency and especially bitcoin is real, but from my perspective i don't believe on those speculations they render to us. I believe that the bottom of Bitcoin is not stagnant and it can never be stagnant and that should be well understood.

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October 10, 2022, 10:55:40 PM
 #17

Eh, the poll doesn't go low enough.
Maybe setting as low as 3000-7000? Cheesy

When it comes to bottom then there's no way that it could really make out precise conclusions on where price could be possibly heading on.
No one could able to determine on how low we could go low.So far we havent been seeing any negative sentiment when it comes to market fundamentals and events
which we could presume that this might not be bad on considering that the current price might be the bottom that we are pertaining or looking into.
Everything could really turn upside down and this is why its really hard to make out conclusions.

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October 11, 2022, 03:40:51 PM
 #18

It's weird that options do not include "we already reached it", I mean technically 15k+ is that, but to say that 8-10 or 10-12 or 12-15 as options, which are 50%+ away from the current price at the bottom, it is very worrisome to think that we wouldn't have it already.

Price is already bottomed out, that under 18k period back in the day was the key period when we already lived through it, and that means we are going to not see anything even lower, that was it and it's over. We should instead try to focus on something that is more realistic, like when will we start to go up because it's obvious that we are going to start going up in the future for sure.

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October 11, 2022, 03:46:47 PM
 #19


Don't feed the troll! Just look at his signature space, look at his older posts, have a good laugh and move on.
And be happy he's posting like that, it can be meaning the the bear market is close to an end Cheesy

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October 11, 2022, 06:19:39 PM
 #20

Of course not for under $12K, but I think the lowest price could be anywhere between $12K and $15K. Bear season isn't over yet, so there might be a bigger drop than it is now but I don't want to expect it to be real.

Basically, no one can predict the future with 100% accuracy, if anything, I think it's just a coincidence. So it might be good not to think too much about where the bottom is during a bear market, the best option is to buy what you can afford to lose and accumulate your assets while the price is still discounted. There is a unique fact, bitcoin has never dropped below ATH before, meaning I don't think the price of bitcoin will drop lower than ATH 2017.

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