what is the bottom of this bear market BTC

[STT]

When we talk about the bottom, this is a price that might only appear for 5 minutes.   Its a function of volatility, if it rains hard enough your front door can find a river outside it where there was dry land for decades.   An order book that is saturated for a moment can yield extreme prices not thought possible.   A flash flood is possible, Im told in weather the world is becoming more volatile and my argument is so too is this true in finance and all prices;  BTC will have to bear the extremes.
   It wont be forever but the 2019 prices are possible to happen so I voted for that, volume occurring in the teens will be a clue if we are that negative properly or momentarily.

Eh, the poll doesn't go low enough.

For these prices not seen in years, write down the year it last registered with volume.  Then look up the inflation indexed losses in dollar since that year, its all recorded by gov statistics we wont argue how accurately.   To see the 2017 price in 2022 is nominally the same price but include the inflation index and value is actually lower, paper currency is on fire and losing the edges of each note on a slow burn each year.  At some point holding cash hurts the bearer.

https://www.officialdata.org/us/inflation/2013?amount=1

Over a quarter of each dollar note is burnt and the ash blown away in the wind since 2013 you are this much poorer dollar wise.    This is the low key view, mild estimate as in reality it can be far worse.  Nobody has to care really but price on the graph will be stubborn to return to prices now even lower then the face value.

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[lixer]

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.

I think OP is too late to ask this because the price is now getting stable and a lot of us are expecting for a bullish move starting in the beginning on this month and onwards. We have reached the lowest of btc this year and that is when the price plunges to $16k and I think it's safe to assume that it was the bottom of btc. The hack incident is not a sign of being bullish but it's a negative event and this could discourage people of putting their money here in crypto.

I also don't think that binance will convert those stolen bnb into bitcoin. They even removed usdt last time. All what they want is to become number one so they will value their own products more than the others.

[sana54210]

Eh, the poll doesn't go low enough.

Maybe setting as low as 3000-7000?

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.

It is a bit easier to make predictions with whatever we have right now, look at how low it looks already, it has gone down 70% or so, and that’s low enough, I do not think that we will be going down to 10k at all, it would be very difficult considering all the money there is to be sold, people need to sell tens of thousands of bitcoin in order for this to happen at market prices, and I really do not think that there is enough money out there willing to sell that much bitcoin at market prices.

It is however a lot more reasonable to imagine a scenario where people are willing to buy, because it makes them profit to buy it and hold in the long run.

[Mahanton]

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.

I think OP is too late to ask this because the price is now getting stable and a lot of us are expecting for a bullish move starting in the beginning on this month and onwards. We have reached the lowest of btc this year and that is when the price plunges to $16k and I think it's safe to assume that it was the bottom of btc. The hack incident is not a sign of being bullish but it's a negative event and this could discourage people of putting their money here in crypto.

I also don't think that binance will convert those stolen bnb into bitcoin. They even removed usdt last time. All what they want is to become number one so they will value their own products more than the others.

How you do consider that this is already the bottom of this market? We arent ending 2022 yet which there's still lots of room or chances for the price to hit up lower price(hopefully) it wont really be that worst.
Determining the bottom price of this market is something that we cant really point out some fingers on which it would be always raising up a question on what numbers it would really be definitely
be stopping or make up some u-turn which this is the reason on why people do keep on hesitating on making up buying or selling decisions on a short time.
You would eventually get rid of these questions and doubts if you do have plans on holding it for long term.So it do really depends.

[livingfree]

We've seen so far that it's $17,000+.

And who knows if there will be the new bottom of it. Maybe we'll get more of that idea next year if things don't go accordingly and if most markets won't recover.

But do we think that it's going to be like that? We don't know. Many still are hopeful that bitcoin will be down somewhere around $3k to $10k again.

Honestly, I would like to think and believe that we've seen already the bottom that mostly are looking for.

[maydna]

Yes, $17k is the lowest price, but we don't know if there are any lowest prices during this bear season. Everything can happen, although we don't want to see it. We hope we will not see the other lowest price for BTC. Otherwise, that will trigger some people to panic and can't control themselves from holding their BTC. But if panic happens, I guess the price can be slightly down to $15k or even lower. So hold on tight to your bitcoin this month until the end of this year. Hopefully, there is nothing bad will happen.

[Falconer]

We've seen so far that it's $17,000+.

And who knows if there will be the new bottom of it. Maybe we'll get more of that idea next year if things don't go accordingly and if most markets won't recover.

The fact is that it's possible, of course I agree that we don't know where the lows are.
So far, traders continue to be between resistance and support levels, they can be bullish when the resistance level is broken but on the other hand the support level will not be strong enough to withstand a lot of selling pressure. It is a common thing in the market, we can not avoid one of them.

I've voted for one answer, but I'm not sure if it would be very strong support if severe inflation had kept the economy from doing well. It's possible for bitcoin to drop lower than $17K, but I don't know. We really can't predict its future price correctly.

[BobK71]

Yes, $17k is the lowest price, but we don't know if there are any lowest prices during this bear season. Everything can happen, although we don't want to see it. We hope we will not see the other lowest price for BTC. Otherwise, that will trigger some people to panic and can't control themselves from holding their BTC. But if panic happens, I guess the price can be slightly down to $15k or even lower. So hold on tight to your bitcoin this month until the end of this year. Hopefully, there is nothing bad will happen.

Many people are panicking about this month of October. Many investors can refer to October 2018 where the major Bitcoin price crash took place. Actually investing in Bitcoin requires a strong hand. Success is guaranteed if you stay strong in any situation. The overall situation in the world is not good. Due to which Bitcoin price may drop a bit but I agree that it will not go below $15k. And even if it goes, it won't take time to get up. Only those who believe in Bitcoin have succeeded in this concern.

[goinmerry]

Lets poll the lowest BTC price can expect this bear market

I don't think we are still in a bear market. It's just that the market is now refreshed. During the last 90 days, bitcoin price was playing at around $24,000 (2 months ago) at the highest and around $18,000 (several weeks ago) at the lowest. Not because there's not much uptrend, it means we are still in a bear market. A bear market is a trend where the price is continuously going down along with most of the coins but it's not the situation every day.

To answer the poll, I think we already see the bottom and won't unlikely to reach below $15,000.

[Poker Player]

I voted for 15000 above, as I believe the bottom of this cycle has already been seen at $17.5. This is if no catastrophic event happens for Bitcoin such as a news similar to the mining ban in China last year. Taking things like this out of the way, I think we will still be sideways a bit to go up with ups and downs to the $30-40k area, and that we will stay below $70k for sure until after the next halving.

[EarnOnVictor]

I chose above $15,000 and this might truly be the right answer because Bitcoin is hesitant to break below the low of this year at $17,625.00 (June low) talkless of dipping below $15000. I was an ardent supporter of the selling of BTC this year, and I thought it would have breached below the year's low of $17625.00 already. But the present dispensation is the reality as bulls are not ready to let go. Bitcoin might move within $25,500-17,000 for the rest of this year, the September market movements made me resolve to this as more buyers are now at lower levels.

[eaLiTy]

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.

Sounds like a good plan decoupling from the global stock market, we want the higher prices and that is made possible because wallstreet money was coming into the cryptocurrency market and once that happens it is really difficult to see the market apart. If the stock market crashes it will have an impact in the cryptocurrency market as well and that is what we are seeing for the past several months and it is time we accept that even though i do not like the situation we are in.

[GreatArkansas]

I chose above $15,000 and this might truly be the right answer because Bitcoin is hesitant to break below the low of this year at $17,625.00 (June low) talkless of dipping below $15000.
(.....)

Very possible but it seems to me now, we are still early to decide when will the bottom of this bear market is. $10,000 is really possible for me because I am expecting we will not see a new all-time-high price until the year 2024, so we will not know what will happen in 2023 next year.
I am not negative on Bitcoin, but if the market won't still recover this year, I am really expecting to see $10,000 will the lowest bottom.

[EarnOnVictor]

I chose above $15,000 and this might truly be the right answer because Bitcoin is hesitant to break below the low of this year at $17,625.00 (June low) talkless of dipping below $15000.
(.....)

Very possible but it seems to me now, we are still early to decide when will the bottom of this bear market is. $10,000 is really possible for me because I am expecting we will not see a new all-time-high price until the year 2024, so we will not know what will happen in 2023 next year.
I am not negative on Bitcoin, but if the market won't still recover this year, I am really expecting to see $10,000 will the lowest bottom.

You have a point there, this year still has over 2 months to end, so anything serious could happen. Yet, I like you to know that we are all speculating, and once our speculation comes with constructive backing, then it is nice. If you check the movements of Bitcoin since June, you would realize that it is no more a serious contender on the selling side. Too many buyers are at the lower end of the price, and more pending orders are been added daily.

This, with the reluctance on the technical analysis, will prevent it from selling further.

[palle11]

We should not wait for lower price to start buying because that will easily lead us to miss the opportunity to buy bitcoin if it suddenly increases in price.

There is no sure prediction yet to say investment now will be right time because price is still in speculation to drop down. If this happens really , this level may not be the right time. I think DCA will be the best investment now and not to buy in totally but gradually and testing the grounds. In the past people have invested all they have and went for loan also but didn't succeed because it wasn't the right time. We don't have to rush in now because no volatility yet except we approach halving.

[Eternad]

We should not wait for lower price to start buying because that will easily lead us to miss the opportunity to buy bitcoin if it suddenly increases in price.

There is no sure prediction yet to say investment now will be right time because price is still in speculation to drop down. If this happens really , this level may not be the right time. I think DCA will be the best investment now and not to buy in totally but gradually and testing the grounds. In the past people have invested all they have and went for loan also but didn't succeed because it wasn't the right time. We don't have to rush in now because no volatility yet except we approach halving.

Incorporating sureness to a prediction is a total nonsense because the definition of prediction is already self explanatory that it’s just an assumption so it means that no one can really give a guaranteed prediction or assured to anyone that his prediction his right unless it happened already. All prediction here might be right or wrong but we should take consideration all the known supports to have a good price prediction with an accuracy.

[Reid]

Vote is for 15k+. I don't think it will go down that number any time or anymore. Even though it's volatile it's strength now is higher than it was years ago.
Many investors still believe that it is the best cryptocurrency to hold for a long time than any altcoin or new projects that claims they will topple it.
All we need is to wait for the bull run once this world economy goes back to normal or better, and the war ends in neighbor countries.

[pooya87]

The poll is intentionally rigged to suggest that there must be a big drop to a much lower price (-25% dump) whereas there is no reason for it to happen specially since the past couple of weeks have proven that despite most the world economy going to shit, bitcoin doesn't want to go any lower than the current price.

[jostorres]

The poll is intentionally rigged to suggest that there must be a big drop to a much lower price (-25% dump) whereas there is no reason for it to happen specially since the past couple of weeks have proven that despite most the world economy going to shit, bitcoin doesn't want to go any lower than the current price.

It is close to being rigged if not because of that last choice in the poll. The only way I see for the price to drop further is when there is a negative news but currently I haven't seen any so I think we will be stable on the current price we have now. Economic problems have arise last time and I think the price were affected with it where the price fall from $24k down to $17k but now the world situation is starting to normalize again.

This is why the price is recovering a bit and we are now sitting at $19k so far. If the economy continues to improve then we will return to the strongest support which was $20k and possibly climb for more until we finally end the year.

[Charles-Tim]

I thought as much that it is possible that the last two or three months volatility will not be that much, all I am waiting for is November. If the volatility in November does not plummet bitcoin price below $17600 which has been the lowest price since all-time-high, it would be good for people not to look back but to invest because there would be some bull run before the next all-time-high. In November, if the price plummet below $17500, it will only lead to a strong bull run which may last for some months.

Just predictions, may not be accurate.