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Author Topic: Bitcoin bottom prediction?  (Read 886 times)
Quidat
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December 23, 2022, 10:47:19 PM
 #101

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.
So whats the bottom price?

Its really hard to make out conclusions considering that we've been able to see some fake pumps or increase but eventually trying to go back on where it was before.The hard thing on here is that
we cant really be sure if this one would be the start of the reversal of such trend.It is really too unpredictable and the price is really moving sideways on which it is really that hard to
presume on where it would be going.If you do see that it is already the bottom then its up to you whether you would really be getting in and invest or
would wait up a little further.
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capedbaldy
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December 23, 2022, 11:59:59 PM
 #102

So whats the bottom price?

Its really hard to make out conclusions considering that we've been able to see some fake pumps or increase but eventually trying to go back on where it was before.The hard thing on here is that
we cant really be sure if this one would be the start of the reversal of such trend.It is really too unpredictable and the price is really moving sideways on which it is really that hard to
presume on where it would be going.If you do see that it is already the bottom then its up to you whether you would really be getting in and invest or
would wait up a little further.
We cannot predict the actual price movement but the pattern of movement indicates a decline due to Christmas and year-end holidays, the trend recovery will start at the beginning of next year as the market has been bearish during the last half of the year until it hit the same year low as the ATH achievement , but I believe once the big FUD has disappeared then the initial price recovery of BTC will hit a high


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Davian144
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December 24, 2022, 10:21:28 AM
 #103

We cannot predict the actual price movement but the pattern of movement indicates a decline due to Christmas and year-end holidays, the trend recovery will start at the beginning of next year as the market has been bearish during the last half of the year until it hit the same year low as the ATH achievement , but I believe once the big FUD has disappeared then the initial price recovery of BTC will hit a high
Price sideways on Bitcoin are still very frequent this month and that makes Bitcoin not immediately at its highest point for this year. And for next year, I also can't make a more precise prediction other than just looking at the conditions that can affect the price of Bitcoin in the market. Because price recovery in Bitcoin always requires a little bit longer than a drop that can happen in a very short time like what happened this year
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December 24, 2022, 09:58:36 PM
 #104

I believe 15k+ above will hold. Too many people are assuming that some fiasco such as Luna or FTX will happen again and we are going to have another big fall but I do not expect anything like that. The longer we stay around these prices the more it hurts companies in the crypto world, the more they hurt the closer they get to bankruptcy which could cause some trouble that is for sure, that's the fear people have.

I believe that we have been here long enough that most major players already established a base line, a line of credit, a loan or whatever and will survive long enough to see the price start to recover. Hopefully that will be soon enough because people are tired of waiting for a bull run.

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December 24, 2022, 10:06:12 PM
 #105

I believe 15k+ above will hold. Too many people are assuming that some fiasco such as Luna or FTX will happen again and we are going to have another big fall but I do not expect anything like that. The longer we stay around these prices the more it hurts companies in the crypto world, the more they hurt the closer they get to bankruptcy which could cause some trouble that is for sure, that's the fear people have.

I believe that we have been here long enough that most major players already established a base line, a line of credit, a loan or whatever and will survive long enough to see the price start to recover. Hopefully that will be soon enough because people are tired of waiting for a bull run.

it seems that the price level of 15-16k will indeed hold up. but the fud surrounding binance's bnb seems the current talk in the market. as BNB is said to fail in listings in major US exchanges except their Binance.US counterpart.

Binance Failing to Get US Exchange Listings for BNB Is Yellow Flag for Crypto Analysts

we have no idea what it will do to the crypto market in general. but binance is a strong trading platform up until now. for sure, they are doing some vital steps not to follow the path of FTX.

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Ngemmeng
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December 25, 2022, 10:05:14 AM
 #106

It seems you are a new investor in crypto and I suggest you for long term investment because long term investment has lower risk and no need to use complicated analysis.
No one knows what the lowest bitcoin price will be but if you have faith that the bitcoin price will drop to $12k no problem, all you need to do is wait for the bitcoin price to $12k and buy. But the risk you have to face is that you might miss the best opportunity to buy if the current price is actually the lowest bitcoin price (not $12k).
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December 25, 2022, 10:21:25 AM
Merited by cryptomaniac_xxx (1)
 #107

No one can give you exact answer, bitcoin price prediction is impossible. If you really believe in bitcoin and believe bitcoin will rise again in future then continue DCA don't worry too much about bitcoin bottom. If you want to wait for the lowest price, sometimes you will miss the opportunity to own cheap bitcoin because bitcoin can rise again at any time. Go ahead DCA is the best solution.
Unpredictable , cannot be given exact prices but we can speculate its movement , we can asses that it will grow in certain period of time?
we can also assume that this can fall  from here and there.

But for me personally ? i care nothing about  the bottom because this is only my chance of buying .









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cryptomaniac_xxx
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December 25, 2022, 10:41:02 AM
 #108

No one can give you exact answer, bitcoin price prediction is impossible. If you really believe in bitcoin and believe bitcoin will rise again in future then continue DCA don't worry too much about bitcoin bottom. If you want to wait for the lowest price, sometimes you will miss the opportunity to own cheap bitcoin because bitcoin can rise again at any time. Go ahead DCA is the best solution.
Unpredictable , cannot be given exact prices but we can speculate its movement , we can asses that it will grow in certain period of time?
we can also assume that this can fall  from here and there.

But for me personally ? i care nothing about  the bottom because this is only my chance of buying .


Indeed, for long term holders or at least who have seen the last bear market, experience it and learn from it's mistakes and lessons, then we don't care how low can it go. And put it this way, it's better for the price to go down so that we can buy at the bottom, take that opportunity, and then hold for the next bull season.

I know it's going to be very hard, but then again, this is how the market works, the bears is going to be a big test for the majority of us. And so it we somehow passed that big test, then we should know what to do next, that is to accumulate and buy at every leg down.

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