I think Bottom is gone

[rodskee]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

[1714643021]

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[1714643021]

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[1714643021]

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[Sayeds56]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

I think it is too early to conclude that bear market for Bitcoin is over and that it has entered in Bullish phase. The interest rate increase of only 25 basis points was a good stimulant for the market but it failed to push the price above 25K,although  it briefly pushed the price above 24K but quickly retreated. It is stable above 23K which is a good sign.Technically , although it is trading above DMA20 but it should break 25k and show sustained growth  on weekly chart, to confirm bullish trend.

[Z390]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

Aren't we suppose to start seeing sideway movement before we shot up in the sky? I believe sideways should happen first and that's my indication that we are out of the woods already, right now all we can do is wait and watch carefully, and the safest plan is to be ready for any possible dips, store some USD and keep doing DCA just in case.

[virasog]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

Looking at the fundamentals, it seems that we have seen the bitcoin bottom and we may never go below 20,000$. Also, i still want to see bitcoin over 25K and stay above that level for over a week.

Any negative news can still make market dump but i think it is very difficult to see bitcoin again in the range of 15K-17K. By the way, if bottom is in, this means we are now heading towards all time high but it may take few months to year to reach all time high for bitcoin.

[stadus]

...
tell me if i am wrong or right experts

Even experts can't tell what will happen in the coming days but what we only have is market assumptions.
It was the majority believes that the bottom is already done but not the bear season as we are still too far from getting passed of it. What we have experience since the past two weeks of incline, it was something a good indications that we are recovering slowly. Though it wasn't really satisfying, at least we have the seen the market price moves high a little bet making people breath as well.

[Ludmilla_rose1995]

I am not very familiar with technical analysis but I also think that the bottom of the bitcoin price has passed and we will no longer see $17k worth of bitcoin. those who still hold the bitcoin they have must be very happy right now because their faith in bitcoin is paying off, soon we will see a new ATH from bitcoin.

[Yamifoud]

I am not very familiar with technical analysis but I also think that the bottom of the bitcoin price has passed and we will no longer see $17k worth of bitcoin. those who still hold the bitcoin they have must be very happy right now because their faith in bitcoin is paying off, soon we will see a new ATH from bitcoin.

I understand, in fact, not all are good at TA but I think by just looking at the market trend it seems easy to speculate the market and could literally think that we are moving high. However, it was too early to think about ATH, and not even sure that after halving will come to that situation again. Yet, we remain optimistic about the future because even though it won't reach $70,000 or $60,000 again, at least we see that Bitcoin couldn't just also stay below $20,000 as well.

[erep]

Even experts can't tell what will happen in the coming days but what we only have is market assumptions.
It was the majority believes that the bottom is already done but not the bear season as we are still too far from getting passed of it. What we have experience since the past two weeks of incline, it was something a good indications that we are recovering slowly. Though it wasn't really satisfying, at least we have the seen the market price moves high a little bet making people breath as well.

The market has experienced a significant increase in January so it's only natural that in the following month the market will experience a correction but hold on to support above $ 20k, I have predicted in early February the market will fall and it is possible that if future support has the potential to rise above $ 25k then the market will certainly recover above $35k to $40k till the middle of this year, so we expect no FUD to drop the market price and the market should be optimistic for another bull run.

[Unbunplease]

If you follow the statistics of previous bear cycles, the bottom has already been passed. Of course, if everything repeats itself. However, it is hard to say whether bitcoin will repeat previous scenarios. Many people - myself included - were waiting for the final rise in December 2021 and a full-fledged alt-season... But bitcoin did not repeat 2013 and 2017. Things change...

[Mahanton]

If you follow the statistics of previous bear cycles, the bottom has already been passed. Of course, if everything repeats itself. However, it is hard to say whether bitcoin will repeat previous scenarios. Many people - myself included - were waiting for the final rise in December 2021 and a full-fledged alt-season... But bitcoin did not repeat 2013 and 2017. Things change...

Basing up on history or into those past events then we could really make out some patterns but not something that you could rely or make yourself that assured that it would be happening again.
Im not really removing that kind of thinking and not making myself that confident when it comes to concluding that we are already that in the bottom or the bottom is gone.
Come to look with the current price movement on which it is really that something in playing around 22-24k almost which people been already eyeing on breaking the 25k
but it didnt really happen.We are really making some sideways movement but it isnt really that bad to snip out something out of these movements.

[romero121]

We can't be sure on it. The market being volatile could drive the price in any direction. For now we experience the bullish move with minor fluctuations. The price that had similar market variation around $17k is happening around $23k. This is nothing different from the previous market scenario. Crossing barriers will give the resistance to push higher.

[Pejoh Asu]

On the internet there are many influencers who say that the market will experience red again and may return to a position like late last year, namely the $ 22k level. This 3-day price movement is certainly an indication that we must be vigilant if bad conditions occur again, and it is natural if we say that bottom is not over.

[fzkto]

On the internet there are many influencers who say that the market will experience red again and may return to a position like late last year, namely the $ 22k level. This 3-day price movement is certainly an indication that we must be vigilant if bad conditions occur again, and it is natural if we say that bottom is not over.

Usually these influential people say one thing and the opposite happens. I would listen less to charlatans and especially not look at opinions from Twitter. Better to think with your own head, for example, that the whole of last year was red. The annual candle is red, all four quarters are red too. The fall will not last forever and one can miss the train waiting for a new bottom.

[Pierre 2]

I am terrible at technical analysis besides I can easily check macd and rsi values. I feel like Bitcoin s bottom could be as low as 9-10k dollars but I was proven wrong. Bulls never allowed bears to pull price down. Guess Bitcoin won't retest 15k levels anymore. Its most probably sure now. I bought some amount of Bitcoin already but I wasn't be able to buy more. I felt worried scared. Maybe I will regret my decision.

[Getmon]

Because bitcoin in particular is still volatile, anything is possible. We will never know what the next bitcoin movement will be. However, assuming I am biased in my opinion, I think we reached our lowest point already. Bitcoin might fall once more, but perhaps only to $20,000. Bitcoin was predicted to fall as low as $10,000 in the past, but that is looking unlikely now. Those who regularly add to their bitcoin stash, on the other hand, stand to benefit from any increase or decrease in the price of the bitcoin.

[Mpamaegbu]

tell me if i am wrong or right experts

Well, this thread was opened about four weeks ago and from hindsight I'm sure you would've discovered if what you thought was a bottom then was actually what it was by now. The worse anyone can do is to tell you of a certitude that here's where the bottom or top is or should be while price is still active. However, from what I see it's looking like price is on the upscale. Even if it bounces off to break support, it won't dip that much to cause another scare like what happened during the FTT saga late last year.

[STT]

Action so far in Feb is pretty good, we're in a range but BTC price action is currently trying to regain the weekly average.    Just tracking in this upper range bodes well for further positive action, if we did not hold this higher range then I would presume it takes at least all of Feb just to explore prior action in the recovery since the 1yr bottom price.   
   To believe the bottom pricing is in the past requires that we keep making higher lows in some consistent way though the daily action can be wiry its clearer further out which so far is how we have proceeded roughly.
     23.4k and above would be nice to see at this point.

[Oilacris]

tell me if i am wrong or right experts

Well, this thread was opened about four weeks ago and from hindsight I'm sure you would've discovered if what you thought was a bottom then was actually what it was by now. The worse anyone can do is to tell you of a certitude that here's where the bottom or top is or should be while price is still active. However, from what I see it's looking like price is on the upscale. Even if it bounces off to break support, it won't dip that much to cause another scare like what happened during the FTT saga late last year.

There's no way on pointing out and this do proves out on how you do really see this market moves and you would really be able to realize that finding out the bottom isnt something that you could easily deal with.Bottom is always possible and there's no way to point out whether we are already that over when it comes to bearish or bullish trend in the market.There's no way on finding out
and this is why people would be making out their analysis via technical approach.

Never ever make yourself that get convinced that bottom is gone.Its always lying out there, it is really just needing that those triggers specially with some Fuds which would
really make out some significant effects if it kicks in.

[kawetsriyanto]

Never ever make yourself that get convinced that bottom is gone.Its always lying out there, it is really just needing that those triggers specially with some Fuds which would really make out some significant effects if it kicks in.

Dude, why people can't think about the "bottom"?
Sure, the bottom is there, but people are always curious whether it has been passed or not. IMO, nothing wrong that people are trying to know it in certain ways. I am also trying to know where the bottom is, and I concluded the bottom was in the last year. So, I feel confident about this year, it should be better than the last year. I assume we have the bullrun season in 2024-2025, ideally 2023 crypto prices begin to increase gradually. It doesn't make sense if we never go out from the bottom zone. 

[rodskee]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

Aren't we suppose to start seeing sideway movement before we shot up in the sky? I believe sideways should happen first and that's my indication that we are out of the woods already, right now all we can do is wait and watch carefully, and the safest plan is to be ready for any possible dips, store some USD and keep doing DCA just in case.

have not we seen so much sideways before this year? And also there are so much dumping happened from start of 2022 and up to the end so maybe its time to feel safer as the value stays 20k and above and staying strong now.
and another thing here is that  after breaking 24k? I believe that this will be an increase we wanna see for the whole quarter.