Starting to Think The Bottom May Be Close?

[Kemarit]

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like  in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding)   do DCA till we see the ATH

If you missed the opportunity to buy during the bottom price then cost averaging is a good strategy, just buy the good coins and don’t ever hold any tokens that is not good, cost averaging should only be done with the top coins so your funds will be more safe. The market is getting better now, the pump is a good sign for us. Just wait for more pump and we will confirm if the bull is already happening or this is just a small pump.

small pump or not, i believe some people are looking at this market positively now because after few months, we have seen btc jumping up to 20k. if good news will come around, it may sustain the 20k level and may possibly go up for more.
this market is usually affected by the news surrounding it, so if we will hear positive news more then likely we will be heading to 30k. the possibility is high so you need to think on how to collect some valuable coins while the market is still like a bargain.

$20,000 is still the price that we have to look right now, to sustain or not. Seems to be that the price is jumping to $21,000 and then it will just go down very quick. And it's obvious that there are sellers at this price to make some profits.

So it's too early to see where the $20,000 market will lead us. I want it to sustain as for me this is a barrier that we should be getting and the support line. It's that recently we have a lot of events that push the price down but this should be the price where we should be at months ago.

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[dansus021]

$20,000 is still the price that we have to look right now, to sustain or not. Seems to be that the price is jumping to $21,000 and then it will just go down very quick. And it's obvious that there are sellers at this price to make some profits.

So it's too early to see where the $20,000 market will lead us. I want it to sustain as for me this is a barrier that we should be getting and the support line. It's that recently we have a lot of events that push the price down but this should be the price where we should be at months ago.

$20,000 Level needs to be maintained since this is crucial point we don't wanna see another bull trap again  the only we need at this position is sideaway and make rally base rally and we should easily touch 25K but in my opinion not gonna touch sooner

[TitanGEL]

$20,000 is still the price that we have to look right now, to sustain or not. Seems to be that the price is jumping to $21,000 and then it will just go down very quick. And it's obvious that there are sellers at this price to make some profits.

So it's too early to see where the $20,000 market will lead us. I want it to sustain as for me this is a barrier that we should be getting and the support line. It's that recently we have a lot of events that push the price down but this should be the price where we should be at months ago.

$20,000 Level needs to be maintained since this is crucial point we don't wanna see another bull trap again  the only we need at this position is sideaway and make rally base rally and we should easily touch 25K but in my opinion not gonna touch sooner

The level that the price of the bitcoin should maintain is above $18,200, because it's where the major support resides. The price of the bitcoin is on urrently in retracement time, the price may support in around $20,000 but if the price pierce the support then expect that the price will go $18,200. If that happen, it only confirm that we will now see a new market season where we can expect that the bull market can finally come. But it will take time because it needs consolidation for us to have a strong price where it can hold in the support levels.

[fadhilz123]

The level that the price of the bitcoin should maintain is above $18,200, because it's where the major support resides. The price of the bitcoin is on urrently in retracement time, the price may support in around $20,000 but if the price pierce the support then expect that the price will go $18,200. If that happen, it only confirm that we will now see a new market season where we can expect that the bull market can finally come. But it will take time because it needs consolidation for us to have a strong price where it can hold in the support levels.

Yesterday the Bitcoin price had broken through to the $21,200 level even though it only lasted for an instant. But for now it is still constantly at the level of over $ 20,000 which means that the gradual movement this month continues to be very good. So don't worry about the level of support because as long as the number of Bitcoin buyers can continue to grow every day, the price increase will always be very strong, even if not immediately to a bigger level.

[EarnOnVictor]

I have been thinking over the last few days that the bottom for Crypto may be closer than we think?

You have every reason to believe that the market has bottomed now, but we should not get carried away by that at the moment, the market could be surprising. As the year 2023 just started, today is barely the second week of the year, and what the market does now should not be a total representation of what it would do for the most part of the week.

What matters is for us to stay connected with our charts and economic realities for proper speculation and view adjustments. What helped BTC to rise this week is the US CPI, and that might have a few more days of impact on it before it starts doing what it wants through the real market sentiment.

Yeah, it is doing very well but I disagree that it shouldn't represent all of 2023.

Basically, by nature of any market, you should accept that what Bitcoin is doing now should not represent what it would entirely do in 2023. I was even surprised by your certainty tone that has concluded what it would do this year. With years of trading experience, I had seen a market that started a year very badly but dominated with good performance throughout the year.

This year has just started, so I insist that we should not decide for the whole year yet, and with the bad performance of last year, BTC can't be speculated to be bullish so early. Though it is bullish now and I have gained money from it, we should continue speculating daily, weekly and monthly and not be so certain of anything.

[crwth]

With everything that is happening. We are probably at the point where it’s tough to predict because there are a lot of factors all over the world that could affect the current pricing of bitcoin. I think it has always been like this, knowing that those big players that are known, like the big exchanges, Binance, could be detrimental if something were to happen, like with FTX.

If no significant events come, I think we are at the bottom, and it’s good to accumulate more. That’s the optimist in me.

[traderethereum]

The level that the price of the bitcoin should maintain is above $18,200, because it's where the major support resides. The price of the bitcoin is on urrently in retracement time, the price may support in around $20,000 but if the price pierce the support then expect that the price will go $18,200. If that happen, it only confirm that we will now see a new market season where we can expect that the bull market can finally come. But it will take time because it needs consolidation for us to have a strong price where it can hold in the support levels.

Yesterday the Bitcoin price had broken through to the $21,200 level even though it only lasted for an instant. But for now it is still constantly at the level of over $ 20,000 which means that the gradual movement this month continues to be very good. So don't worry about the level of support because as long as the number of Bitcoin buyers can continue to grow every day, the price increase will always be very strong, even if not immediately to a bigger level.

We have seen that bitcoin has broken through the $21k level even though the price is back down at $20k but that's okay because bitcoin will rise again.
We assume that this is a correction received by bitcoin after reaching $ 21k so that later the price can break even higher.
But I'm not sure that the bull market will come this year because the price of bitcoin still has to try to increase its price slowly.
We have to use this time to keep investing in bitcoin and if we still want to wait for a lower price, we have to be prepared for what happens next because we also don't know if the price will go down or if it will go up again.

[AakZaki]

Yeah, that always happens in the market but I guess only temporarily.
I don't think FUD would be bad for anyone expecting bitcoin to be priced low, especially if they want to invest a lot. FUD is bad for price stability because usually the bad effect is panic among traders. But so far people have probably realized that FUD is just part of the market and won't last much longer. Even if people are freaking out a lot with big transactions to exchanges, it can also trigger panic.

Meanwhile or not it depends on how strong the FUD itself is, as in the case of FTX which gave rise to a lot of FUD about trust in a centralized exchange and this has been FUD for quite a while although it will gradually disappear. Those who expect low prices will certainly be happy when FUD comes, but continuous FUD will also affect the psychology of traders to continue to hold or sell immediately because the market is not good. Panic ensues when FUD affects those who want prices to continue rising.

[buwaytress]

Meanwhile or not it depends on how strong the FUD itself is, as in the case of FTX which gave rise to a lot of FUD about trust in a centralized exchange and this has been FUD for quite a while although it will gradually disappear. Those who expect low prices will certainly be happy when FUD comes, but continuous FUD will also affect the psychology of traders to continue to hold or sell immediately because the market is not good. Panic ensues when FUD affects those who want prices to continue rising.

Why do we need to worry about the FUD though? That's just one of the constants of a speculation market, along with hype, just in various degrees of domination over each other.

We do seem to be a happy lot when the buzz and moon hype come along, we should be able to accept the FUD that must naturally accompany -- after all, if we're all buyers/holders, who's selling to us?

[btc78]

With the current bullish momentum that the market is showing, looks more like people have missed the  bottom which is not easy to catch... and btw if they aren't lucky won't see this price again anytime soon unless someone out there liquidates a chunk load of coins now to lower prices briefly before the upward trend resumes.

lucky that I am one of those who did not missed the bottom , had bought last start of December meaning I am at least almost 20% profiting now, looking for at least 30% and consider selling for a while because the Bull i was expecting comes early and there is another dump coming in several weeks or months.

and it is a surprise seeing more than 20k just this month alone considering that we are just starting?

[Fatunad]

With the current bullish momentum that the market is showing, looks more like people have missed the  bottom which is not easy to catch... and btw if they aren't lucky won't see this price again anytime soon unless someone out there liquidates a chunk load of coins now to lower prices briefly before the upward trend resumes.

lucky that I am one of those who did not missed the bottom , had bought last start of December meaning I am at least almost 20% profiting now, looking for at least 30% and consider selling for a while because the Bull i was expecting comes early and there is another dump coming in several weeks or months.

and it is a surprise seeing more than 20k just this month alone considering that we are just starting?

Would be the main thing that would boggle up our mind is that we dont know if this would be the peak or would be the start of the bullish run or market situation of this market? This would really be the main thing that would really hinder you on going all in with your investment because its never been that something predictable. Bottom price? possible but we cant really be still sure since there are some fundamentals
which would really make out some hindrance that the market might be ending up on dumping if that time comes.For now we are eyeing about that Genesis bankruptcy
but it turns out that it hadnt some effect at all.