Bitcoin bottom prediction?

[fuguebtc]

Until now we are happy because the lowest price was $ 15800 which occurred in early December or 2 weeks ago, this is a good sign that the market has the opportunity to rise, as investors of course we must understand the trends that can occur so that we can make the right decisions.

then best to consider buying and Holding instead of looking for a chance to sell because this year will be stagnant at this level and maybe 2023 will bring more worst that what we had this year.

we will be seeing more and more like this in the coming months so be glad that we still manage to keep 17k and still climbing . maybe 20k will be enough till December 31.

Although US inflation has dropped, the Fed also lowered interest rates yesterday, but many economists think 2023 will be a worse year for the economy, so we cannot be optimistic about the market. And if we look at the bear cycle, we are far from over, so I also predict 2023 will have more bottoms than this year but what will cause the market to crash again? Time will give us the answer.
It is best for now to buy bitcoin, and avoid of altcoins or centralized exchanges because we never know what will happen in the future.

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[Reatim]

Although US inflation has dropped, the Fed also lowered interest rates yesterday, but many economists think 2023 will be a worse year for the economy, so we cannot be optimistic about the market. And if we look at the bear cycle, we are far from over, so I also predict 2023 will have more bottoms than this year but what will cause the market to crash again? Time will give us the answer.
It is best for now to buy bitcoin, and avoid of altcoins or centralized exchanges because we never know what will happen in the future.

exactly , because mostly the year before the Halving brings more bad than what it is the day after the halving ,  so maybe what you said will be the coming of 2023 , though if we really wanted to stay then best to Keep the holding or sell it now readying for what will be happening in the next coming year .
for me? yes I am ready for the bearish market of 2023.

[CageMabok]

The lowest price until now is around $ 15600, and we hope this is the lowest price, especially today the price is close to $ 18k, if there are no big negative issues like FTX then the December is still a big chance of touching $ 20k, a good start in 2023 in order Market rising like 2021

Market conditions will always be different and I don't think that next year there will be a bigger movement or the way it was last year. Because the influence of negative news and political turmoil from various sectors is still there today so that some markets still look sluggish at the end of this year including the Bitcoin market which has not increased significantly even though yesterday it had increased to $ 18K.

[YOSHIE]

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

Maybe, if I read what you did with Bitcoin, I think the idea that you are implementing right now is the best idea if you understand the current crypto market situation, you don't need to speculate or predict the price of Bitcoin up to $ 12k, what you are doing with the current price of Bitcoin is already a step in the right direction.

Now you have 0.07BTC, with the current price of $ 17k, more & less, just imagine the next 1-2 years if the Bitcoin price reaches the level of $ 100k, you are already in a profitable position, well, of course every month you will add your investment in Bitcoin, I believe the current price is the best price you invest.

[posi]

Right, if we keep waiting then we will never buy, it's better to buy immediately and if the price turns out to drop, then don't sell but buy more, as we know that Bitcoin has a power for rising so that when the market is dropping the best thing is to continue buying, And don't ever wait and hope the price can be cheap in the future.

Short-term trading is indeed the right thing to do at this time. But some people are not interested in doing that. They are waiting for the lowest price, but unfortunately they cannot predict the lowest price of Bitcoin. Only predictions without doing more detailed research on Bitcoin prices. Maybe a good signal has been seen, maybe this is a bullish month. And information regarding the signs of an increase in the price of Bitcoin has been given. One of them is reduced US inflation.

It's too risky to trade short-term at this point, as bitcoin's price is so unpredictable it's impossible to say that it will recover this month. CPI has been announced, and interest rates have also been reported but there is no positive movement as we would expect, bitcoin shows no signs of bullishness in the last 15 days of the year.

In my opinion, it would be better to keep accumulating for the long term instead of looking for short term profits, but if you are confident with your analysis, it is well worth a try.

[Yaunfitda]

Right, if we keep waiting then we will never buy, it's better to buy immediately and if the price turns out to drop, then don't sell but buy more, as we know that Bitcoin has a power for rising so that when the market is dropping the best thing is to continue buying, And don't ever wait and hope the price can be cheap in the future.

Short-term trading is indeed the right thing to do at this time. But some people are not interested in doing that. They are waiting for the lowest price, but unfortunately they cannot predict the lowest price of Bitcoin. Only predictions without doing more detailed research on Bitcoin prices. Maybe a good signal has been seen, maybe this is a bullish month. And information regarding the signs of an increase in the price of Bitcoin has been given. One of them is reduced US inflation.

It's too risky to trade short-term at this point, as bitcoin's price is so unpredictable it's impossible to say that it will recover this month. CPI has been announced, and interest rates have also been reported but there is no positive movement as we would expect, bitcoin shows no signs of bullishness in the last 15 days of the year.

Risky for us who doesn't know how to day trade, but for those who have experience, maybe they are still continuing it as this point even in a bear market.

There is also a positive response to the CPI report mate, not sure if you have able to catch up the price as it went as high as $18,300 less than 24 hours ago. Unfortunately, there are shorting bitcoin against that's why the price goes down to $17,450, so that is a just decline after that price surge.

In my opinion, it would be better to keep accumulating for the long term instead of looking for short term profits, but if you are confident with your analysis, it is well worth a try.

Obviously this will be the best approach for us non traders, because just accumulate as much as we can and then HODL on it till the next bull run. No headache for us and we can sleep well thinking that tomorrow will be another day to purchase.

[posi]

Right, if we keep waiting then we will never buy, it's better to buy immediately and if the price turns out to drop, then don't sell but buy more, as we know that Bitcoin has a power for rising so that when the market is dropping the best thing is to continue buying, And don't ever wait and hope the price can be cheap in the future.

Short-term trading is indeed the right thing to do at this time. But some people are not interested in doing that. They are waiting for the lowest price, but unfortunately they cannot predict the lowest price of Bitcoin. Only predictions without doing more detailed research on Bitcoin prices. Maybe a good signal has been seen, maybe this is a bullish month. And information regarding the signs of an increase in the price of Bitcoin has been given. One of them is reduced US inflation.

It's too risky to trade short-term at this point, as bitcoin's price is so unpredictable it's impossible to say that it will recover this month. CPI has been announced, and interest rates have also been reported but there is no positive movement as we would expect, bitcoin shows no signs of bullishness in the last 15 days of the year.

Risky for us who doesn't know how to day trade, but for those who have experience, maybe they are still continuing it as this point even in a bear market.

There is also a positive response to the CPI report mate, not sure if you have able to catch up the price as it went as high as $18,300 less than 24 hours ago. Unfortunately, there are shorting bitcoin against that's why the price goes down to $17,450, so that is a just decline after that price surge.
.

In spite of the fact that I didn't miss it, since it happened so quickly and fell so instantly afterward, I wouldn't refer to it as a market rally, but rather a price trap. That's why I say it's too risky for someone to seek short-term profits.
My view is to limit trading in the bear market and stay out of the market when we have big news like the release of CPI or Fed interest rates. The price at that time was really volatile, and it didn't follow any rules, even though the good news came out, the price still fell without increasing.

[KingsDen]

The lowest price until now is around $ 15600, and we hope this is the lowest price, especially today the price is close to $ 18k, if there are no big negative issues like FTX then the December is still a big chance of touching $ 20k, a good start in 2023 in order Market rising like 2021

Market conditions will always be different and I don't think that next year there will be a bigger movement or the way it was last year. Because the influence of negative news and political turmoil from various sectors is still there today so that some markets still look sluggish at the end of this year including the Bitcoin market which has not increased significantly even though yesterday it had increased to $ 18K.

I already anticipate that bitcoin will still be ranging in this price of 15000 dollars to a 20,000 dollars for this year and maybe throughout next year.
However there will be a feeling of New Year from January, whatever impact may be in the market I believe that the year will come with a new market direction towards bullish trend. Even if it does not last for long at least there should be a clear difference between 2022 and start of 2023 .

I pray that there shouldn't be negative information in the cryptocurrency industry by the first quarter of next year because it will greatly affect the market. But wether there is negative information or there is positive information we are still not expecting a major bull run by 2023. Everything is working towards the first quarter of 2024 during the halving. So whatever investment plan we have we should always be at alert and do our research very well but the best method to apply for this long investment period is dollar cost averaging committing what you are able to lose no matter if the market goes high or low .

[Poker Player]

I don't want to be too pessimistic, but seeing that this cycle is the worst in terms of returns in percentage terms so far, I think we can go lower. I think the absolute minimum we could reach would be around $10k. I think that is a round number that would trigger mass buy orders, an extremely strong support, in the same way that in the next cycle, when we approach $100k I think there is going to be a very strong resistance, with a lot of sell orders and it is going to take several attempts to beat it.

[fzkto]

I don't want to be too pessimistic, but seeing that this cycle is the worst in terms of returns in percentage terms so far, I think we can go lower. I think the absolute minimum we could reach would be around $10k. I think that is a round number that would trigger mass buy orders, an extremely strong support, in the same way that in the next cycle, when we approach $100k I think there is going to be a very strong resistance, with a lot of sell orders and it is going to take several attempts to beat it.

I agree with you, although I don't believe bitcoin will fall much lower than it is now. But as long as there is only negative news in the market, I see no reason for growth. I am also starting to think that in case of new collapses, the price may fall below 10k. Right now the price is at a good support level. If this is broken, a free fall could start.

[buwaytress]

I don't want to be too pessimistic, but seeing that this cycle is the worst in terms of returns in percentage terms so far, I think we can go lower. I think the absolute minimum we could reach would be around $10k. I think that is a round number that would trigger mass buy orders, an extremely strong support, in the same way that in the next cycle, when we approach $100k I think there is going to be a very strong resistance, with a lot of sell orders and it is going to take several attempts to beat it.

Always say we're as likely to go up as to go down, but the apparent weakness in buyer territory now is really hard to ignore. It does look like we'll survive the year already seeing its bottom, but there's just too much and too far ahead to weather in 2023 to discount another bottom over the next few months.

Definitely agree 10k has always felt psychological (then again, I thought 20k being 2017 ATH should have been even more forceful as a psychological support but that gave way relatively easily).

[ilovealtcoins]

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?

Let's keep using DCA and my prediction is we won't be able to exceed $18k by the end of this year, and 2023 will be another bad year for bitcoin and the market. My lowest target this time will also be $12k-10k and I am trying to go to work, save more and wait for more market crash in 2023 to earn as much bitcoin as I can. We don't have many opportunities, so take advantage of them.

[xSkylarx]

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?

Let's keep using DCA and my prediction is we won't be able to exceed $18k by the end of this year, and 2023 will be another bad year for bitcoin and the market. My lowest target this time will also be $12k-10k and I am trying to go to work, save more and wait for more market crash in 2023 to earn as much bitcoin as I can. We don't have many opportunities, so take advantage of them.

why are you hoping for the bad next year? it isnt good. You should always think of a good price. I dont know where you came from but i would suggest that you need to think positive for the future price we all know that the price of the bitcoin every year is increasing . This current market crash is the the opportunity to buy a coin and hold it for a longer period of time

[tygeade]

I don't want to be too pessimistic, but seeing that this cycle is the worst in terms of returns in percentage terms so far, I think we can go lower. I think the absolute minimum we could reach would be around $10k. I think that is a round number that would trigger mass buy orders, an extremely strong support, in the same way that in the next cycle, when we approach $100k I think there is going to be a very strong resistance, with a lot of sell orders and it is going to take several attempts to beat it.

I agree with you, although I don't believe bitcoin will fall much lower than it is now. But as long as there is only negative news in the market, I see no reason for growth. I am also starting to think that in case of new collapses, the price may fall below 10k. Right now the price is at a good support level. If this is broken, a free fall could start.

I think the negative news is a man made thing, like there are some people who do not want it to go up yet, and they want to accumulate further, maybe waiting for something and when they feel like they are ready and bought enough they will also pump the positive news.

Go back a few years to the start of the bull run and you will see that there were so many good news pumped to media and everyone talked about how crypto was the next revolution and even if it was for bad, it was everywhere and usually it was to say good things about it as well. Now we are only seeing legal issues and such, which is a trouble of course but I believe that it is normal to see them for the time being.

[South Park]

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?

Let's keep using DCA and my prediction is we won't be able to exceed $18k by the end of this year, and 2023 will be another bad year for bitcoin and the market. My lowest target this time will also be $12k-10k and I am trying to go to work, save more and wait for more market crash in 2023 to earn as much bitcoin as I can. We don't have many opportunities, so take advantage of them.

why are you hoping for the bad next year? it isnt good. You should always think of a good price. I dont know where you came from but i would suggest that you need to think positive for the future price we all know that the price of the bitcoin every year is increasing . This current market crash is the the opportunity to buy a coin and hold it for a longer period of time

According to the four year cycle of bitcoin 2023 is also supposed to be a bad year, so this is not really about what we want but about what it is likely to happen, and 2023 is most likely going to be a bad year for bitcoin as well, so it is important to have a plan of what we are going to do if this is the case, and saving our money and taking advantage of the low price is not a bad strategy at all if you ask me, would I prefer bitcoin to go in a bull run next year? Yes, but it is not going to happen.

[ilovealtcoins]

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?

Let's keep using DCA and my prediction is we won't be able to exceed $18k by the end of this year, and 2023 will be another bad year for bitcoin and the market. My lowest target this time will also be $12k-10k and I am trying to go to work, save more and wait for more market crash in 2023 to earn as much bitcoin as I can. We don't have many opportunities, so take advantage of them.

why are you hoping for the bad next year? it isnt good. You should always think of a good price. I dont know where you came from but i would suggest that you need to think positive for the future price we all know that the price of the bitcoin every year is increasing . This current market crash is the the opportunity to buy a coin and hold it for a longer period of time

When you don't have bitcoins in your wallet, then a bitcoin price increase won't be profitable for you it will be pointless. I expect the price to drop more simply because more people will dump their bitcoin and that is an opportunity for those waiting like me. Now, with 17k dollars, you can buy 1 bitcoin but if bitcoin drops to 10k, you will buy almost 2 bitcoins. Do you think 1 bitcoin or 2 bitcoin will be bigger in the future?

[lepbagong]

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?

it will always happen beyond the analysis of all those who are currently continuing to provide that information on the price of bitcoin. because no one will be able to provide an accurate analysis but only estimate it and of course all can accept that analysis or not.
but continuing to invest by buying in installments is of course a very positive thing, because we and all believe that in time bitcoin will repeat itself to reach a renewable ATH and usually after the halving period has passed.
even if next year when the world economic situation has not improved, it is certain that the price of bitcoin will be worse off than it is at this time, it might happen, but why worry about it because every purchase of bitcoin will increase in time. so there is no need to worry about whether or not it will decrease again next year. Continue to buy and store, so you will achieve profits in time.

[justdimin]

it will always happen beyond the analysis of all those who are currently continuing to provide that information on the price of bitcoin. because no one will be able to provide an accurate analysis but only estimate it and of course all can accept that analysis or not.
but continuing to invest by buying in installments is of course a very positive thing, because we and all believe that in time bitcoin will repeat itself to reach a renewable ATH and usually after the halving period has passed.
even if next year when the world economic situation has not improved, it is certain that the price of bitcoin will be worse off than it is at this time, it might happen, but why worry about it because every purchase of bitcoin will increase in time. so there is no need to worry about whether or not it will decrease again next year. Continue to buy and store, so you will achieve profits in time.

I am pretty sure that no matter what happens to world economy, bitcoin will do a lot better. Why think like that? Because as a reaction bitcoin could be doing worse, and because bitcoin is doing worse there are companies in trouble that work within the crypto industry as well such as FTX bankrupting and all the bad news that has been coming out.

However, as the world gets used to the economy, we are going to have people adjust to new reality of the world and we are going to end up with something much bigger. I am not saying that people will have plenty of money to spend, but they will adjust their budgets more precise and it will not be a shock anymore.

[South Park]

When you don't have bitcoins in your wallet, then a bitcoin price increase won't be profitable for you it will be pointless. I expect the price to drop more simply because more people will dump their bitcoin and that is an opportunity for those waiting like me. Now, with 17k dollars, you can buy 1 bitcoin but if bitcoin drops to 10k, you will buy almost 2 bitcoins. Do you think 1 bitcoin or 2 bitcoin will be bigger in the future?

Without a doubt such a price difference is significant but at the same time we need to plan for the different scenarios that we may encounter, and it is also possible the bottom has been reached already, so in the case the price does not go down as expected you need to still take action as the price of bitcoin even now is very attractive, since I have little doubt that during the next bull run we are going to finally surpass six figures for the first time ever.

[Captain Corporate]

I do agree that bottom has been reached already, that is a likely scenario that we shouldn't really consider as impossible. I mean I get that there is this tension in the markets and we are not entirely sure whats going to happen, and that scares me too but that doesn't mean that we should leave reason and logic aside and start conducting our investments with our emotions neither. The data shows that there is a good support, and that means it should be as clear as possible that we should not be going down further unless something major happens, which sometimes happens, but I won't be expecting the unexpected and invest like that.