Could this be the bottom of Bitcoin?

[michellee]

The bitcoin price could fall further than yesterday and that is still possible unless, after this, the bitcoin price rebounds and increases rapidly and returns to the $20k level or even more. I am okay with the bitcoin price dropping again because that is another opportunity that I can get to buy bitcoin at a lower price. But if the bitcoin price continues to increase, it is also an advantage for me because I can take the opportunity to sell some bitcoins and make a profit. You don't need to worry if the bitcoin price decreases again because the price will increase again.

[salad daging]

Maybe Bitcoin will crash again and maybe bitcoin will grow to $20,000 because we have no idea what the future of bitcoin will be so take a good chance as long as it convinces you.

I won't give much opinion this is still in the lowest area because I don't think about anything except putting dollars into bitcoin for the DCA strategy I expect bitcoin to still be low so that more bitcoins are bought every week, if the price of bitcoin goes up it won't be a problem even if it's higher I will still buy bitcoin in my own way.

Everything is clear in the future, no one knows, even psychics.

[virasog]

The bitcoin price could fall further than yesterday and that is still possible unless, after this, the bitcoin price rebounds and increases rapidly and returns to the $20k level or even more. I am okay with the bitcoin price dropping again because that is another opportunity that I can get to buy bitcoin at a lower price. But if the bitcoin price continues to increase, it is also an advantage for me because I can take the opportunity to sell some bitcoins and make a profit. You don't need to worry if the bitcoin price decreases again because the price will increase again.

Instead of selling the bitcoin if the price of bitcoin increases may not be the right decision. I think you should hold bitcoin if you want to get the maximum benefit.

Regarding the bottom, yes 15800$ could be the bottom but if it is not the bottom, still the bottom will be very near to this price of 15000$. Anyone who is waiting for the bottom should know that he could miss the boat altogether because the price may not fall further, and he will buy in FOMO when he sees that the bitcoin price keeps on rising.

[Stedsm]

Regarding the pump of Bitcoin, it was due to 2 reasons:
1. Arrest of SBF
2. Negative results for US CPI
Both of these news served positivity in the markets which brought a bit more confidence in the traders which is why we saw a straight buying green candle, but there is still no considerable volume that could guarantee a further rally towards $21500 and above, which means that the bears are still in the game and they could move BTC down (I saw various sell walls today at Binance and they might serve as a proof for my statement).

[Vinaa77]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

Maybe it can happen. The bearish market has been seen again in the last few hours. If the crypto problem is still not resolved, of course the Bitcoin price cannot be pumped to the fullest. Apart from that, issues regarding the global economic crisis can also affect changes in crypto prices to be lower. And now the issue of covid is also being reported again, but most people don't really care about these issues.

[michellee]

The bitcoin price could fall further than yesterday and that is still possible unless, after this, the bitcoin price rebounds and increases rapidly and returns to the $20k level or even more. I am okay with the bitcoin price dropping again because that is another opportunity that I can get to buy bitcoin at a lower price. But if the bitcoin price continues to increase, it is also an advantage for me because I can take the opportunity to sell some bitcoins and make a profit. You don't need to worry if the bitcoin price decreases again because the price will increase again.

Instead of selling the bitcoin if the price of bitcoin increases may not be the right decision. I think you should hold bitcoin if you want to get the maximum benefit.

Regarding the bottom, yes 15800$ could be the bottom but if it is not the bottom, still the bottom will be very near to this price of 15000$. Anyone who is waiting for the bottom should know that he could miss the boat altogether because the price may not fall further, and he will buy in FOMO when he sees that the bitcoin price keeps on rising.

Holding bitcoin longer to get maximum profit is also a good strategy. But some people buy low and sell high to make a profit and it's normal if they do it that way. It can also provide an advantage that might make sense to them rather than just waiting. But there are risks with each strategy we use, so prepare everything properly.

If someone doesn't act from now on and just waits for the lowest price, he will be left behind and there are many real examples of this. We must be able to use every moment that happens in the market so that we can take advantage of it for us.

[Razmirraz]

As long as it's still in a sideways phase, anything can still happen, maybe it can still fall further or vice versa. During its Bearish phase, Bitcoin has made me appreciate myself more. Since the bitcoin price fell, many changes have occurred in my life, Bitcoin has changed my lifestyle by rearranging financial management properly. things that give me short-term satisfaction I'm starting to leave and appreciate things that will make me happy in the long term by putting my savings into Bitcoin.
The future price of Bitcoin depends on your belief when Bitcoin falls, if you think Bitcoin is difficult to grow after the Bearish phase, you can never reach your goal.

[Sebas.tian]

 Bitcoin price will still dump further for those that missed the opportunity base on lack of finance can use this bearish season to purchase Bitcoin, because starting from next month, there will be massive pumping of Bitcoin and other cryptocurrencies that will make the price to hit higher in the month of February for traders to achieve a good profits from their investments. I think, $16,000 will be the bottom of Bitcoin before bullish market will take place for both long term investors and short term investors to believe that bearish season is over from the market. 

[tygeade]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

After the data om USA inflation rate which is considered as a positive one, I guess bitcoin market will not fall further. So, this leads to conclude like we have already passed the bottom of current situations and we may get into bullish market at any time but we still need strong positive news or institutions accumulation to completely break the on-going bearish market sentiment.

Hopefully the year 2023 will be different from current market sentiment. So, keep buying at dips will help all long term planners; I am glad that I am already into such plans.

[Yatsan]

One thing is for sure; there's more to happen. Given that the market value of Bitcoin relies on the demand, its price is possible to fall even lower if there will be something that would pull its value down such as negative news in this industry. However, there is also a possibility that its price would recover before this year end if the counterpart will occur. Things are just way to difficult to predict if we would be talking about certainty in this industry

Bitcoin price will still dump further for those that missed the opportunity base on lack of finance can use this bearish season to purchase Bitcoin, because starting from next month, there will be massive pumping of Bitcoin and other cryptocurrencies that will make the price to hit higher in the month of February for traders to achieve a good profits from their investments.

Where's your basis then? Seeing how the market is struggling at this point makes it hard to believe on such too positive claims regarding market speculations. Well it is a good idea to think positively but if it would be way too much, it might even cause a worse outcome such as people or investors not managing the risks of this market.

[btc78]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

each time bitcoin made another small growth , thread like this will occur , wondering if you guys are really asking for question or have some own target why making threads like this one?

remember that in last month we have a 15k bottom so basically it is not 17k , and if you are asking for this year alone? i think we will stay this position at least before the year close this season of last.

[CageMabok]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

Just as Bitcoin can rise further, it means it can fall even deeper. This is a very common thing and has also happened frequently to Bitcoin so you need to see how much support there is for Bitcoin so you can make a few conclusions whether it will fall deeper or will increase even higher. Now that the price has dropped back down to around $17K although it's still not that far from $18K, it means that Bitcoin could increase even more than yesterday this month although it still looks hard to get to around $20K.

[franky1]

the 3 month scale ranges from $16k-$21k (rounded)

so a $17k is not some massive hype or crash or bull or bear. its just small movements in comparison to the yearly amount

i personally have a huge hoard from decade ago and sooner but im still happy to accumulate more while prices are below $20k

its discount season, great value.. compared to last years premium

[fzkto]

the 3 month scale ranges from $16k-$21k (rounded)

so a $17k is not some massive hype or crash or bull or bear. its just small movements in comparison to the yearly amount

i personally have a huge hoard from decade ago and sooner but im still happy to accumulate more while prices are below $20k

its discount season, great value.. compared to last years premium

I read your reasoning about the cost of mining bitcoin. And it seems to me too that right now anyone has a good opportunity to buy cheap bitcoin. But what if there is an energy crisis in the future, as some say. What if the big miners leave the field and sell the mining equipment. It could happen that the difficulty of mining would drop. Then the value of bitcoin will drop too. Especially since there will soon be a new halving, and at the usual cost there will be half as many coins mined.

[jaberwock]

Instead of selling the bitcoin if the price of bitcoin increases may not be the right decision. I think you should hold bitcoin if you want to get the maximum benefit.

Regarding the bottom, yes 15800$ could be the bottom but if it is not the bottom, still the bottom will be very near to this price of 15000$. Anyone who is waiting for the bottom should know that he could miss the boat altogether because the price may not fall further, and he will buy in FOMO when he sees that the bitcoin price keeps on rising.

Huh? Then what should she supposed to do? Sell, when the price dumps? I think that's more wrong. While those who are badly in need of funds can be allowed of doing this. To get the maximum benefit is I think not possible because there is no way to tell if what is the max ATH of BTC before it will collapse.

We shouldn't be too perfectionist but we should learn to appreciate sufficient/small gains if we want to successfully earn a profit and not miss every bull run. $15.8k may be the last bottom we will be having this quarter but next year there might be more to come. There still no guarantee though so indeed they shouldn't wait for it before they want to buy.

[Lanatsa]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

When it comes to this kind of questions about;

Is this the bottom?
Is this the start of the turn of trend on this market?
Is this the start of bull run?

No one really actually knows because if there's someone do able to do so then he would really be hella of a rich guy which we know its impossible.
This is why we do see lots of speculations and predictions in regarding the price via making out those charting and technical indicators.
The best thing to do is to make use of your own analysis and guess out on what are the potential breaking points
and this is where traders skills do vary and differs.

[ShowOff]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?

Of course it can, and I believe it can always happen. Bitcoin has fallen to $15.5K once, so it's no surprise that it will seek another low if the market doesn't recover soon. In recent days minor moves have seen the price reach over $18K, but a correction is inevitable. $17K isn't going to be strong if the bitcoin price isn't above $19K, so it doesn't matter if you are worried about another possible low.

[Ziskinberg]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

Forget about the bottom price as it never tells yet. The correction will continue unless the bear season end but as we are in this current situation, nobody knows if we already pass the bottom price or if it is still coming.
However, I was very optimistic that the market price will be going to recover. We are moving in an uptrend position making its way to $20k and hopefully, this would happen before the year ended. Better have some OP, just take this opportunity before it is gone.

[Antonas1]

No one knows. Time will show you.
I use the easiest system for me to do without bothering analyzing chart patterns. Maybe this can be a reference if you don't do short-term trading. If the price chart becomes more and more red, that is time to buy. If the price turns green and gets higher, that is time to sell.

I agree with you. It is better not to think about where the bottom will be and buy if possible. The price has been falling for a year now and even if it continues to fall for a while, it will not happen all the time. Now everyone has a good opportunity to invest and profit in the future.

Unfortunately, it only works for Bitcoin and may also work for some of the top coins like ETH, Dash and LTC, but not for other altcoins. And I can say that because I don't really think about whether I'm going to make big money from Bitcoin or not in the next 1, 2 or even 6 years. I only put a little money to buy and there is a pleasure to think that I have another hidden asset.

[Taskford]

The current price of Bitcoin is hovering around $18000. Just pumped a bit today. Bitcoin price has been using $1700 as support for the past few days.
Could the price of Bitcoin fall further?
What do you think about this?  

Forget about the bottom price as it never tells yet. The correction will continue unless the bear season end but as we are in this current situation, nobody knows if we already pass the bottom price or if it is still coming.
However, I was very optimistic that the market price will be going to recover. We are moving in an uptrend position making its way to $20k and hopefully, this would happen before the year ended. Better have some OP, just take this opportunity before it is gone.

The bottom we are seeking is yet hard to determine so I guess its just a waste of time if you wait for this.to come and didn't spend any amount yo take advantage of the dump. Much better if we focus on current happenings since trading this from time to time is much really advisable since we can earn huge if we are careful on where we put our money.