Bitcoin bottom prediction?

[CageMabok]

We must learn from people who have achieved great success in investing in BTC where they are able to hold back their emotions not to sell at low prices, which at the previous ATH they were able to become billionaires and that has become history for us to follow in the upcoming ATH  .

I also think that this is one of the more worthy examples to watch and follow because I have imagined the condition of people who bought Bitcoin in 2019 who then sell the Bitcoin they bought in 2021. They are really lucky and obviously became a rich man after being patient for two years by not selling early after buying it, even though they had no idea Bitcoin would go up that high in the last year.

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[Yatsan]

If you only focus on the lowest point where the bitcoin price will fall, then you will never get it. After all, the strategy you are doing right now is a highly recommended strategy. Many people predict the lowest point, but that still can't guarantee that the prediction is correct. Instead of having to continue to predict without any definite action, it is better to continue to be consistent with what you are doing now.
How many people regret because they continue to analyze without taking any action.

Well, it is much better to anticipate its rising point than to assume its liwest possible market value simply because it would somehow save you from risk of wasting time waiting. If there's a clear pattern of a bullish movement, all you have to do is to ride with that trend line. It would be hard if your entry basis point is its believed 'lowest' or deepest price 'coz that won't be possible knowing that its market value is too volatile.

We must learn from people who have achieved great success in investing in BTC where they are able to hold back their emotions not to sell at low prices, which at the previous ATH they were able to become billionaires and that has become history for us to follow in the upcoming ATH  .

I also think that this is one of the more worthy examples to watch and follow because I have imagined the condition of people who bought Bitcoin in 2019 who then sell the Bitcoin they bought in 2021. They are really lucky and obviously became a rich man after being patient for two years by not selling early after buying it, even though they had no idea Bitcoin would go up that high in the last year.

It is not as easy as it may sound. They've endured market price down fall on those years and that made them deserving of what they have which is big profit in 2021. Many of are struggled holding because of worries of both selling too early and not selling at a higher market value. So on my end, determining its bottom won',t be a good option 'coz it will just be a factor of confusion.

[Oceat]

You guys are too excited about of the bottom like you have something to do if it's the bottom or do you have plans if thiis is the bottom? Besides, no one can answer that kind of question because all you will get is also a pure speculation with the same answer as the others.

But if you are asking and hoping for a personal answer whether it's a pure speculation or through data analysis, someone might hit the right answer and someone may not or traverse a different path for an answer. But it doesn't matter since only you can decide what you want to do whether you want to believe us or someone or yourself.

My personal opinion would be, the price may go down if there's another FUD, or the price would stay stagnant for a week or something, or the price would pump if there's a good News about Bitcoin adoption.

[DanWalker]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I am still DCA every time I have more money because I know bitcoin price prediction is impossible, and there is no guarantee that bitcoin will continue to drop 12k as we predicted. So I recommend you keep using DCA, it's the best we can do not to miss any opportunity with bitcoin. Don't just make predictions but be more realistic, if you compare the current bitcoin price and its ATH, you can see bitcoin is very cheap right now and very good to invest in.

[MoonOfLife]

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I also believe there will be another market crash and bitcoin price will probably go below 12k and possibly 10k but in the end, it's just a guess, there's no guarantee bitcoin will reach that price point. So DCA is the method we should use instead of waiting in doubt and if bitcoin doesn't drop as predicted we will miss the train, and that train will never come back to pick us up.

[Ultegra134]

I would open my own thread regarding an exaggerated speculation I've read, but we already have an abundance of those. I was having a conversation earlier with a few acquaintances who are also into Bitcoin, and they claimed that Bitcoin could possibly crash way below $10.000, mimicking 2017-2018 movements. I've also seen a few articles making such bold claims, but I never bothered. From my point of view, it sounds unlikely and way too extreme, but on the other hand, the economic and geopolitical situation is going from bad to worse. I honestly doubt that we'll see it crash below $10.000. Somewhere between $11k and $13k is my worst-case scenario.

[AmoreJaz]

I would open my own thread regarding an exaggerated speculation I've read, but we already have an abundance of those. I was having a conversation earlier with a few acquaintances who are also into Bitcoin, and they claimed that Bitcoin could possibly crash way below $10.000, mimicking 2017-2018 movements. I've also seen a few articles making such bold claims, but I never bothered. From my point of view, it sounds unlikely and way too extreme, but on the other hand, the economic and geopolitical situation is going from bad to worse. I honestly doubt that we'll see it crash below $10.000. Somewhere between $11k and $13k is my worst-case scenario.

if in case btc will go down to as much as 10k, there should be a very devastating news that will greatly affect the market. but so far, the failure of ftx is the recent biggest one, and we only reached $15k+ as the lowest in the past month. so in my opinion, i don't think we will reach at 10k level. if that will happen, for sure, a lot will be buying a lot of btc. the lowest may be 15k in my opinion for this year. let's see...

[Smack That Ace]

I would open my own thread regarding an exaggerated speculation I've read, but we already have an abundance of those. I was having a conversation earlier with a few acquaintances who are also into Bitcoin, and they claimed that Bitcoin could possibly crash way below $10.000, mimicking 2017-2018 movements. I've also seen a few articles making such bold claims, but I never bothered. From my point of view, it sounds unlikely and way too extreme, but on the other hand, the economic and geopolitical situation is going from bad to worse. I honestly doubt that we'll see it crash below $10.000. Somewhere between $11k and $13k is my worst-case scenario.

if in case btc will go down to as much as 10k, there should be a very devastating news that will greatly affect the market. but so far, the failure of ftx is the recent biggest one, and we only reached $15k+ as the lowest in the past month. so in my opinion, i don't think we will reach at 10k level. if that will happen, for sure, a lot will be buying a lot of btc. the lowest may be 15k in my opinion for this year. let's see...

When bitcoin was at 18k, no one believed bitcoin could fall any further as most of us only care about the interest rate. It seems the market no longer reacts to interest rates news, but FTX suddenly crashed, making all predictions meaningless.

For me, I wouldn't make such a subjective prediction, anything is possible, and if you are still following the events of FTX, we have some bad news about Gemini, Genesis and these companies are all branches of DGC, the largest investment fund in the market. If Gemini goes bankrupt, DGC will have to sell its crypto assets to the market, things will be even worse than FTX.

[franky1]

i can always spot peoples prices..

the topic creator bought in summer at $24k and by his predictions i can spot he wants a -2x to buy in huge at half price his first investment

its the same as those that bought in at the $50 then promote "bitcoin ro $100k"

people are not doing any research on any fundemental reason the network and price would move to these levels in peoples time frames. they are just shouting the prices they want to see to buy more or to sell. and hope they get a huge amount of replies agreeing with their sentiment so they can ease their mind its possible

unless hashrate comes below 200exa long term. the underlying value of efficient wont rescind below $12k to allow the market speculation price which sits above value to correct down to $12k

unless inefficient mining costs have substantial increase where many countries (if they mine) have a +$100k cost. no one is willing to buy from market at $100k

the ATH topped out at $70k in 2021 because location on the planet, (should they want to mine) could mine for under $75k last year

the markets are bottoming out at $15.6k because no one on the planet was able to acquire bitcoin from mining or private OTC for less than $15k earlier this year

if no one on the planet wants to sell below X(bottom) and no one on the planet wants to buy for Y(top)
then the market price sits inbetween X and Y

X and Y become the ultimate support and resistances of the market price window of trade speculation

[Reid]

I'd continue the DCA. Even when it drops you will be in a good position, and I doubt it will take long once it reached the $12000 mark which is your predicted number. There will always be buyers, do remember that. What's happening now is a good example of it, a big exchange just went bankrupt and yet Bitcoin is keeping the strong price of a 5-digit value.
Imagine how many investors will be lurking around to get that cheaper price.

[traderethereum]

At the top of the next rise, you will see how much profit you will make, especially if the price can increase to above $ 100k.
That is a huge profit you can get; if you buy more and repeat it, you will have more bitcoins later.
But as we know, no one knows when bitcoin will bottom out, and we can only guess.
You can continue doing DCA as before and be patient, waiting for the price to increase.

[yudi09]

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I think this is the best time for you to collect more Bitcoins in your wallet considering the price to buy is still at $16k and $17k although it is predicted to decrease again.
In terms of buying, I tend to want to tell you that buying when the current price conditions are more profitable as stated by Nayib Bukele that El Salvador will continue to buy Bitcoin and for me the current market price conditions can provide an answer when is the right time to buy .

[_BlackStar]

There's no need to tell people how many bitcoin you currently have, it just damages your financial privacy. So bitcoin should teach you about that privacy, and protect it.

Keep doing DCA as long as you have the money to do it at every drop. We never know whether the bottom will be reached or not but if you only care about long term investing then you should only think that $16K to $20K is the lowest area to invest in bitcoin.

Just target that in the next year you should have more bitcoin and save them for the long term and enjoy the results of your investment later. I think that's the best mindset you should have right now instead of thinking about another low that you're not likely to hit for the rest of this year or early next year.

[adzino]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

Forget about DCA and everything. Are you investing money that you can afford to lose and prepared for holding long term? Or are you speculating and trying your luck? If it is the former, keep investing as long as you can and don't wait for any lows or highs. The market is unpredictable and you might lose your opportunity if you keep on waiting for the low. Even if you invest at the "wrong" time, you can still keep holding and wait. If the price goes down, you don't lose anything unless you sell. But if it is the later, you should know the risks involved and be willing to lose everything.

[Sebas.tian]

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I think, the price of Bitcoin will still decrease to $15,000 before the bullish season will appear because the price of Bitcoin will definitely increase to ,$50,000 next month for traders to believe that 2023 will be a better year for crypto traders in the community. The market price is still low for those that missed the opportunity to buy at a lower price to buy now or wait for the price to decrease to $15,000 or $14,000 before they can buy and hold for the bullish market to come so that they will not regret when the price of Bitcoin go higher.

[kotajikikox]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

you have mentioned the word HOLDING meaning you can carry to hold right? then you should not bother of what is the price now or what would be the price tomorrow. as you can see the price keeps on holding it low, and bottom cannot be told right now.

there are movement that follows the cycle but that are only when the halving is near.

but its on you mate, a piece of advice , keep on holding .

[CryptoBuds]

I also predict we haven't made a bottom yet but just waiting and not buying at this point is not a wise decision, as it's all guesswork, possible or not. If our prediction is wrong and bitcoin starts to rise again, we will miss the opportunity. In my opinion, we should continue to use DCA instead of waiting for the bottom as expected.

I think, the price of Bitcoin will still decrease to $15,000 before the bullish season will appear because the price of Bitcoin will definitely increase to ,$50,000 next month for traders to believe that 2023 will be a better year for crypto traders in the community. The market price is still low for those that missed the opportunity to buy at a lower price to buy now or wait for the price to decrease to $15,000 or $14,000 before they can buy and hold for the bullish market to come so that they will not regret when the price of Bitcoin go higher.

I don't think bitcoin will hit 50,000 in the first quarter of 2023, which sounds unconvincing because, just looking at the economic situation and we are far from halving. Therefore, it is difficult to expect bitcoin to bounce back and hit 50k.

[tech30338]

Price mostly rely on if other countries will use bitcoin as like el Salvador, if most country will adapt and use bitcoin i think the price might go up, but since there are other things to be consider , no one knows but I'm positive that bitcoin price will go up, the time and date is unknown though, every other year price will go up and revisit the dip price so if you will look at the graph its still going up, also big traders are somewhat also have an impact, news and fuds also does make the difference.

[dansus021]

According the Bitcoin Rainbow Chart the bottom is already here https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/ although this is only indicator, but I personally believe the bottom is around $15K and next year 2023 maybe we will see some recovery

[TravelMug]

^^ Maybe, but still a full year ahead of us, full year of still bearish sentiments running around that can create another lowest low or bottom for this bear cycle.

Just hard though to see the price hitting at $13k or worst the $10k that everyone is hoping. Because that is the best chance for them to start accumulating because that could be the bottom price that we all have been waiting for.