Could this be the bottom of Bitcoin?

[Oasisman]

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?  

If finding the bottom is easy, probably a lot of people are going to give you a specific figure, but unfortunately it's not and nobody knows whether or not Bitcoin falls further even below $16k (Btc touched $16k level already).
The least you can do is go ahead and monitor the market every single day and see the price actions, you might probably gonna come up with a certain pattern as to where Btc price possibly go in the next coming days.

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[Chato1977]

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?  

what answer do you want?

price will move depend on how we treat bitcoin , like you if you are just asking but not even accumulating or selling then what care do you have for this market?

better act accordingly and let the market move to what you are acting.

[mich]

I have to say all of the panic and worrying about the price of BTC I see online right now does remind me of the crypto crash of 2018. At some point in early 2018, I remember BTC dropping around 10k probably because of regulatory fears.
There was also a lot of resistance from some financial institutions like JP Morgan back then that I think contributed to the pessimism. However, all the doubters were proved wrong; the blockchain and crypto were adopted globally by governments, organizations and financial institutions.
The point is, it all worked out and the correction was short lived. I predict the same correction again when the global economy starts a recovery.

[KingsDen]

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?  

Bitcoin may not be at the lowest bottom but it is at the bottom region. We may not know the exact bottom so it is safer we begin to DCA from here so that we will be advantaged anywhere the dip will be reach. Just buy now so as not to regret in the future.
This is buy time let's enjoy it as it lasts.

It's true, we won't know whether this is indeed the bottom or there will be another bottom for this because indeed questions like this can only be answered by speculation without any certainty because we really don't know what will happen in the future whether it will continue to go down or maybe it will be in a bull run. but one thing is for sure, as you said DCA is very important on this and buying while you can is the best thing to do.

Yea, I see many people killing themselves in the name of speculation to know the perfect bottom. I really think that it is not needed. Having known where Bitcoin made its last ATH is an evidence that we are at the bottom region.
Imagine buying at 16k and Bitcoin eventually makes $70k. Is that not a massive profit. Anything is possible with bitcoin, both negative and positive

[Crypt0Gore]

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

[Stavri]

i would prefer to wait a little bit to be sure about it. Main support area is around 12-13k imo. Or i would be bullish if btc breaks daily ema 200 (around 22k).

[kawetsriyanto]

price will move depend on how we treat bitcoin , like you if you are just asking but not even accumulating or selling then what care do you have for this market?

What do you mean, mate?
If you are just an ordinary investor or trader, you have no ability (power) to trigger the Bitcoin price move. Unless you are a whale, you may have the power to dump or pump the price. So, as an ordinary trader/investor, there will be no significant influence on BTC price whatever we do (buying or selling).

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

It is difficult to know the bottom price, we have no strong clue about it. But the bottom ideally is in the first or second year of the bearish period. When we almost reach 2024, I am pretty sure the bearish to be over because there will be BTC halving. So, I assume the bottom already reached or to happen in early of the next year.

[Raflesia]

It's true, we won't know whether this is indeed the bottom or there will be another bottom for this because indeed questions like this can only be answered by speculation without any certainty because we really don't know what will happen in the future whether it will continue to go down or maybe it will be in a bull run. but one thing is for sure, as you said DCA is very important on this and buying while you can is the best thing to do.

Hunting for bottom is a never ending kind of task or something that a target that we are really that aiming on this crypto investment that we do have.Making up some buy position is something that is always been a

challenging thing because this market is unpredictable.There's no way that we could really predict out on what would happen next.If you do believe that this is already the bottom then you could always opt in

to buy and its up to someones choice but of course the risk always accompanied on every actions that we would really be making.Lots of speculations and guesses are floating
around and its important that you should stick into your own.

But in my opinion most of the waiting is like hoping with uncertainty (talking about myself) even though I know there are still many who do that by continuing to look at and analyzing candle charts every day and that's not wrong, but I'm too bothered by That's why I prefer DCA wherever the price is, as long as I think it's still below, I will buy it every month according to my budget. and in my opinion this is still worth it because indeed I know my qualifications when I wait instead I lose my patience so I prefer to wait when I have pocketed bitcoins in my portfolio.

[Hypnosis00]

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

For now, I don't encourage people to invest but rather have to check the trend first. Indeed it was really a great opportunity for the small investors but we also have to consider the possible dump coming after this Christmas holidays. This year 2022 only shows slow market movement and no recoveries. I can't blame people for saying it was the worse year ever in the crypto world but despite of it, I remain optimistic because I believe everything will come to an end and this bear season will never stay forever. Whether we already reach the bottom price or not, we need to be prepared for what will happen next.

[sana54210]

I have to say all of the panic and worrying about the price of BTC I see online right now does remind me of the crypto crash of 2018. At some point in early 2018, I remember BTC dropping around 10k probably because of regulatory fears.
There was also a lot of resistance from some financial institutions like JP Morgan back then that I think contributed to the pessimism. However, all the doubters were proved wrong; the blockchain and crypto were adopted globally by governments, organizations and financial institutions.
The point is, it all worked out and the correction was short lived. I predict the same correction again when the global economy starts a recovery.

That is the future we are looking at as well. What was the fear in 2018 that turned into profit in 2021, will be the fear in 2022 turned into profit in 2025 as well. People who are worried and selling and scared right now will not be happy with the fact that there will be so much profit to make in the future and they would be going crazy about how they could have made a profit.

I know this because it was also the same in 2014 period to 2017 as well, it dropped a lot and people feared, so I have seen it happen twice, the huge increase, the big crash, then the recover a few years later, and the fear until the recovery. I have seen it all and I find it normal.

[crzy]

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

Safest thing to do, cost averaging is very effective and this is a proven way of making a lot of profit in the future. You are buying at a cheaper price by not waiting for the real bottom, by this even if the market started to rise you can still at peace because you bought those crypto at a cheaper price, all you have to do is to wait patiently for the next bull market.

[ilovealtcoins]

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

That is exactly right, no one can tell where the bottom of the bitcoin price will be or where the highest price will be in the future. If someone could predict the price of bitcoins, then surely they would have become rich, and they might not be human but could be gods . We just wasted more time trying to find a bitcoin bottom when we already have DCA, and catching bottoming with DCA is easier than ever.

[Kemarit]

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

That is exactly right, no one can tell where the bottom of the bitcoin price will be or where the highest price will be in the future. If someone could predict the price of bitcoins, then surely they would have become rich, and they might not be human but could be gods . We just wasted more time trying to find a bitcoin bottom when we already have DCA, and catching bottoming with DCA is easier than ever.

There could be speculators who wanted to time the market and predict where the bottom will be, it's called TA and I think there's nothing wrong with it. The problem is that TA is not exact math, it's a hit or miss so that's where the gambling parts enter. We don't know if the price will move as they have plotted it, but when the price moves in the opposing direction, that's where they end up losing, and losing big money. But for us, we are just contend with doing DCA and buying at the dip, we don't need to look for the bottom. As long as we can accumulate overtime it will be good for us.

[lienfaye]

All I can say is do not try to find the market bottom because you will end up losing, we are just entering 2023 and the bear market is still active, instead of trying to find the market bottom you can keep dollar cost averaging, you won't see it coming when the bear market is finally done for, trust me.

Indeed. DCAing is a good strategy if you're not certain when to buy or you're waiting for the bottom. Because we can't say if the price is already the lowest, if you're waiting for it before you buy then you might missed the chance. It's undertandable if many of us are hesitant to buy at current price because of the fear to lose our capital if the price will drop further. However, if you don't take risk then you won't gain anything.

For me, it's better to buy during bearish season rather than panic buying once the market turns bullish. Because even the price fall further right after you buy, you still not lose your Bitcoin unless you already sell. The value might be decreasing but not the amount of Bitcoin you're holding, that's why patience is necessary if you invest in Bitcoin.

[GeorgeJohn]

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? 

Their is every tendency that the price of Bitcoin will continue to fall again, but the problem is that nobody knows if the price will continue fall or not. Concerning the bottom of Bitcoin it can only falls immensely when their is no much demand, but when their is demand that indicates that the price of Bitcoin will continue to increase higher. Right now the price of is unpredictable. I heard some people saying that bitcoin price will get to 5k before it will be confirmed that it has gotten to the bottom lines, so from my perspective, it's very obvious that it's difficult for Bitcoin get to such values in price, and if anything should take Bitcoin to that price level, that means it will take more years before will ressurect.

[Jating]

I have to say all of the panic and worrying about the price of BTC I see online right now does remind me of the crypto crash of 2018. At some point in early 2018, I remember BTC dropping around 10k probably because of regulatory fears.

Yeah, very similar, with a lot of selling pressures this early like 2018 and the price really on a decline, remember ETH hitting $80 that time, very low and we thought that it will still go down.

There was also a lot of resistance from some financial institutions like JP Morgan back then that I think contributed to the pessimism. However, all the doubters were proved wrong; the blockchain and crypto were adopted globally by governments, organizations and financial institutions.
The point is, it all worked out and the correction was short lived. I predict the same correction again when the global economy starts a recovery.

But it took years before we can suddenly get over that 2018 feeling, 2020 covid-19 but then there was a sudden pour of price, thanks to Elon and then El Salvador as well being the prime example of countries adopting bitcoin. Hopefully there will be just another repeat of the history in 2024-2025 as we can see a growth and recovery.

[Marvell1]

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? 

Their is every tendency that the price of Bitcoin will continue to fall again, but the problem is that nobody knows if the price will continue fall or not. Concerning the bottom of Bitcoin it can only falls immensely when their is no much demand, but when their is demand that indicates that the price of Bitcoin will continue to increase higher. Right now the price of is unpredictable. I heard some people saying that bitcoin price will get to 5k before it will be confirmed that it has gotten to the bottom lines, so from my perspective, it's very obvious that it's difficult for Bitcoin get to such values in price, and if anything should take Bitcoin to that price level, that means it will take more years before will ressurect.

I haven't seen any predictions as low as that, 5k is really an extremely low price for bitcoin, and to make things so bad, a big crash is required. You got me thinking about binance, only the crash of binance can cause bitcoin to plummet, and it will be the longest winter we have ever experienced. But I don't think it will happen.
My prediction would be $12k or, even worse $10k, for me, it's already very low and the probability of it happening is also considered very unlikely.

[nurilham]

I haven't seen any predictions as low as that, 5k is really an extremely low price for bitcoin, and to make things so bad, a big crash is required. You got me thinking about binance, only the crash of binance can cause bitcoin to plummet, and it will be the longest winter we have ever experienced. But I don't think it will happen.

In my opinion, although Binance crash won't make Bitcoin price drop below $5k. But surely Bitcoin price to drop below $10k if there is big bad news like Binance crash. Regarding how long the winter or bearish season is, it can't be predicted. It can be still around 4 years cycle, or can be changed to a longer cycle.

My prediction would be $12k or, even worse $10k, for me, it's already very low and the probability of it happening is also considered very unlikely.

I also think the same. The worse scenario, BTC price probably drops to $10k. However, it may happen if the condition in crypto space is getting worse. If nothing significant issues anymore, Bitcoin price seems to survive above $15k. I really expect that the lowest price is around $15k, so we can expect that the bullrun season to come in 2024-2025 (after BTC halving).

[wxa7115]

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? 

Their is every tendency that the price of Bitcoin will continue to fall again, but the problem is that nobody knows if the price will continue fall or not. Concerning the bottom of Bitcoin it can only falls immensely when their is no much demand, but when their is demand that indicates that the price of Bitcoin will continue to increase higher. Right now the price of is unpredictable. I heard some people saying that bitcoin price will get to 5k before it will be confirmed that it has gotten to the bottom lines, so from my perspective, it's very obvious that it's difficult for Bitcoin get to such values in price, and if anything should take Bitcoin to that price level, that means it will take more years before will ressurect.

I haven't seen any predictions as low as that, 5k is really an extremely low price for bitcoin, and to make things so bad, a big crash is required. You got me thinking about binance, only the crash of binance can cause bitcoin to plummet, and it will be the longest winter we have ever experienced. But I don't think it will happen.
My prediction would be $12k or, even worse $10k, for me, it's already very low and the probability of it happening is also considered very unlikely.

While nothing is impossible we need to think about what kind of scenario could bring the price to such low levels, and even the crash of the FTX exchange was only able to bring the price of bitcoin to the 15k support level.

A major disaster will be needed to reach a price of 5k and without a doubt the crash of binance could make this a reality, as not only binance will fall but many other exchanges and companies that had deep financial links with it will fall too, but at least for now this does not seem likely.

[carlfebz2]

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? 

Their is every tendency that the price of Bitcoin will continue to fall again, but the problem is that nobody knows if the price will continue fall or not. Concerning the bottom of Bitcoin it can only falls immensely when their is no much demand, but when their is demand that indicates that the price of Bitcoin will continue to increase higher. Right now the price of is unpredictable. I heard some people saying that bitcoin price will get to 5k before it will be confirmed that it has gotten to the bottom lines, so from my perspective, it's very obvious that it's difficult for Bitcoin get to such values in price, and if anything should take Bitcoin to that price level, that means it will take more years before will ressurect.

So far, there's no negative news or Fuds circling around for us to say that the market would be going down further or something that we do called as a catalyst but since we do know on how this market works or

behave then everything would really be having that possibility which is really that something not to be surprised on.Bottom price? We are always looking or hunting for this, we are aiming to get in as much
as possible within these lines.
For now the price is hovering around 15-17k price point which it is really doing that sideways movement and this what makes speculating even
gets harder.