Where the bottom is for Bitcoin before we have a significant bounce (not $78K)

[Ojima-ojo]

I don't think the recent lows of Bitcoin was the bottom. I think we have one more surge down before we get a real bounce. I include price targets based on technical analysis below.

https://www.youtube.com/watch?v=p1umh7CB_rc

Well as much as you expected both sides' reactions are important to know that we all have to play along with the market in the smartest way that we can and also make sure that we gain in whatever position that Bitcoin takes both on the long term and short-term basis.


Even if Bitcoin goes below 70k today, I won't say that we have seen the bottom of the dip and at that, we all should make plans to take advantage of future possible deep and high to protect our investment at all times.

[lixer]

I would not consider predicting Bitcoin to drop down before the real bounce, it is not really looking visible but this is still speculative. Bitcoin right now only needs a little more trigger to hit the road running again to the 6 digits. A lot of positive news have come under the coin Bitcoin, so much from US which happens to be the biggest economy, capable of creating a real bull that will be unprecedented. Trump administration is supporting Bitcoin with making it a reserve of their currency. Few days back, a bill came up from South Carolina to make 10% of their finance hodl in bitcoin. Hoping for a drop from bitcoin this time around is still speculative.

But, how can one bounce if it won't fall first? Maybe if we can say rise or recover, that is okay and we can always do that. In fact it might have happened already, as I heard nowadays that someone have pumped the market. Anyways yeah, we are speculating here because it is hard to see stuffs. Depending on how down we are, we can say that we only need a little more trigger or we need more of it. Even though the positive news is only in BTC, other coins can still benefit out it. So it is still a win-win situation. The rise we have last time is a real bull already. It is not different from what US can do this time but maybe they can only bring more rise than it.

[Pandorak]

The best thing to do right now is wait and see, the market is experiencing severe volatility, one of the causes is the tariff war waged by America spearheaded by the US president himself (Donald Trump) which we previously thought would bring BTC to the peak of glory, after previously mentioning several times about his support for crypto, especially Bitcoin, this is a hard blow to holders, hopes of $150k, $200k disappeared instantly, the return of BTC to ath alone is the best thing for holders.

Hopefully soon there will be good news that can push the price up significantly, this can not only restore the portfolio but also the mentality of the holders who are devastated by the current conditions.

[Dunamisx]

Having followed Bitcoin's price movement very closely since when we broke out of $73k-$74k Previous ATH and its retracement back down to 76k, Bitcoin has two critical zones to have a significant bounce to the upside, and that's in the support zone of 73k and 67k, this is where I believe we should bottom out from this pullback, and this was the last point of break out to hitting the 108k ATH, previously hit last two months.

Most likely that we are going to see or experience it like as you have said, but the issue here now is that when or how sooner, because we still have a long way to go in this year as some already thought of this bear coming anytime soon while the bull to be close to the end of the year as they have from their speculations, but we cannot fully predict on what the bitcoin market may say except we wait to also behold on the accuracy of what we have predicted when the time comes.

[Negotiation]

At the moment we have nothing but feelings because the Bitcoin market is very difficult to predict especially in a volatile market like the cryptocurrency market. There may be predictions of a decline the price may rise in the opposite direction it is completely dependent on the market movement and the attitude of investors. The idea that bitcoin can reach $120k within the next year is quite attractive. This is possible because bitcoin's volatility and high return potential always attract the attention of investors.

[justdimin]

There may be predictions of a decline the price may rise in the opposite direction it is completely dependent on the market movement and the attitude of investors. The idea that bitcoin can reach $120k within the next year is quite attractive. This is possible because bitcoin's volatility and high return potential always attract the attention of investors.

Yeah, we are not sure about where would be the exact bottom but at the same time, we can be confident about $120 kind of targets right away. These days bitcoin market seems like got stuck into a range bound but usually before a strong rally, we do experience such range bound which could be the reason why I agree about $120 as a target even we are not near to such target in any means.

Hopefully soon there will be good news that can push the price up significantly, this can not only restore the portfolio but also the mentality of the holders who are devastated by the current conditions.

I do not think those weak hands are still continuing their holding so that they could get chances to restore. I mean all hodlers are already in accumulation phase whereas timely inventors must be looking for bottom still when bitcoin market bounce back, we can see weak hands as well will join the race.

[Pandorak]

Hopefully soon there will be good news that can push the price up significantly, this can not only restore the portfolio but also the mentality of the holders who are devastated by the current conditions.

I do not think those weak hands are still continuing their holding so that they could get chances to restore. I mean all hodlers are already in accumulation phase whereas timely inventors must be looking for bottom still when bitcoin market bounce back, we can see weak hands as well will join the race.

One thing is for sure, everyone is thinking of ways to restore their portfolios back to normal, in this case confidence is very important so that we have confidence in the coins that are being held, of course the return of BTC prices to ath is a long-awaited moment, because the market is saturated at the moment, the bad news that happened made the market move volatility, causing confusion when this sideway will end.

[philipma1957]

I don't think the recent lows of Bitcoin was the bottom. I think we have one more surge down before we get a real bounce. I include price targets based on technical analysis below.

https://www.youtube.com/watch?v=p1umh7CB_rc

Well this aged pretty well in under 10 days it came true . Nice job bro or sis.

[pooya87]

It is impossible to predict because the nature of such drops is emotional and we can't really measure it. With a quick look at the hourly charts of the past 24+ hours we can clearly see how weak hands are unable to make up their minds and emotionally sell and then buy back at a loss with price bouncing up to $80k+ once again after their panic sell/panic buy moves!

[Japinat]

Of course, we should be prepared for whatever happens. We’re only in the fourth month of the year, and there’s still a lot that could unfold. With the market looking quite bearish, we should expect that a major dump could happen anytime, especially since Bitcoin has already hit its all-time high this year.

I don’t want to be bearish, but I’ve seen this pattern before. However, it’s not something I hate but it’s something I actually like because it’s an opportunity to accumulate from newbies who panic easily.

[freedomgo]

I don’t want to be bearish, but I’ve seen this pattern before. However, it’s not something I hate but it’s something I actually like because it’s an opportunity to accumulate from newbies who panic easily.

As expected, Bitcoin's market cycles remain unchanged, and not even Trump can alter that fundamental pattern. We initially saw how his influence sparked bullish momentum, and now we are seeing the opposite. However, i think the long-term outlook appears positive, especially since Trump hasn't introduced any crypto policies that contradict the community's interests so far. (correct me if im wrong)

[mich]

Well now price of Bitcoin did get back up there to 80k. I am not so sure now if we are still going to lose some gains but it is a good thing to see price not just going down so fast.
And now are seeing price point of 80.5k that is being tested.  I do think when we get past that price we will know if there will be gains for us or if we will still be in a 'bear market'.
https://www.tradingview.com/news/newsbtc:b9905b455094b:0-bitcoin-price-recovery-in-play-but-major-hurdles-loom-large/

[jcojci]

We hope that but we know that Bitcoin price is unpredictable. We could only hope but we must still prepare just in case the price drops suddenly like yesterday. With the price now back to $80k, that could be a good chance to lift the price for more. But we just don't know if this is a good sign for the price to continue rise or will drop again. $74k will be the low price so hopefully, the price will not drop like that again.

[Hewlet]

The best thing to do right now is wait and see, the market is experiencing severe volatility, one of the causes is the tariff war waged by America spearheaded by the US president himself (Donald Trump) which we previously thought would bring BTC to the peak of glory, after previously mentioning several times about his support for crypto, especially Bitcoin, this is a hard blow to holders, hopes of $150k, $200k disappeared instantly, the return of BTC to ath alone is the best thing for holders.

The constant retraction calls for an answer to the question, how long is a long term for a Bitcoin holder? From what is currently happening, we can't be too sure of what point is the button or even the top. We have assumed a certain range of prices as a point that we can't go bellow that overtime event plays out, and it eventually breaks that point. This whole tariff of a thing is gradually telling on all sectors, and as time progresses, it even takes bitcoin a bit further down that it currently his. A lot of sell-off has affected Bitcoin and stock for the last forty-eight hours. we will recover certainly and get back t the last ATH, but it will certainly take time before that eventually happens.

[john_egbert]

We hope that but we know that Bitcoin price is unpredictable. We could only hope but we must still prepare just in case the price drops suddenly like yesterday. With the price now back to $80k, that could be a good chance to lift the price for more. But we just don't know if this is a good sign for the price to continue rise or will drop again. $74k will be the low price so hopefully, the price will not drop like that again.

We do know, though, that the price of BTC will only grow in the decade to come, so we don't need to look at the short-term chart that is now seen.

[STT]

The bottom price for BTC will be peak volume and peak volatility, thats when turning point is found in the midst of battle and chaos the most solid prices are forged in the greatest heat.   Thats paraphrasing some billionaire trader but I find it to be true that the softly found price is not worth much as it will collapse later when tested.

A soft bottom price valid longer term usually takes a great deal more time to occur, like say the rest of this year or from here till the autumn would be enough trade, enough volume to say yea we arent going any further down as multiple attempts keep resolving to people buying even if not with great vigor it still can count over time.

[mirakal]

Hopefully soon there will be good news that can push the price up significantly, this can not only restore the portfolio but also the mentality of the holders who are devastated by the current conditions.

As expected, we also accept the fact that not always is the price of bitcoin high; it falls after the ATH. We might not believe that we're done with the bullish season, but the significant drop that we experience today is somewhat telling us to be prepared for more corrections to happen in the next days. We can't tell when, but that surely comes in no specific time.

What we're going to do now is hold or accumulate more. The market is still looking good, which is why selling is not the best option.

[YOSHIE]

I don't think the recent lows of Bitcoin was the bottom. I think we have one more surge down before we get a real bounce. I include price targets based on technical analysis below.

From year to year Bitcoin has developed Pasat, there are many social media and YouTube that discusses Bitcoin prices, but no YouTuber is speculating correctly, I am not saying YouTuber analysis is wrong, but he is not the main role in price development Bitcoin.

Very good if you have your own analysis and speculation, remember from 2009 Bitcoin created has never been an expert or expert who predicts the price of Bitcoin accurately, all They guess and all talk a lot after the price of Bitcoin rises, so rest assured to yourself for the price of Bitcoin going forward.

[el kaka22]

Maybe this was the bottom? Maybe we are not going to go back under it anymore? I mean we have gone up a little bit, and even if we fall a bit but not below, then we can go back up and then there could be a bull run that could take it further and reach 90k and then we could have a bull start that will take it super high?

Well, obviously until the bear run comes, which would mean it will of course go to even lower bottom but that feels like way down the line and not right now. If we can do this then we are going to end up with a great profit and shouldn't be making too much of a lower value return, it shouldn't be that much worse, and we could make some good returns with what we have as well, shouldn't be bad.

[Beparanf]

Maybe this was the bottom? Maybe we are not going to go back under it anymore? I mean we have gone up a little bit, and even if we fall a bit but not below, then we can go back up and then there could be a bull run that could take it further and reach 90k and then we could have a bull start that will take it super high?

Well, obviously until the bear run comes, which would mean it will of course go to even lower bottom but that feels like way down the line and not right now. If we can do this then we are going to end up with a great profit and shouldn't be making too much of a lower value return, it shouldn't be that much worse, and we could make some good returns with what we have as well, shouldn't be bad.

Determining the bottom is always trivial and hassle especially if you missed out buying on that price.

Why not we consider every price drop as bottom so that we can DCA peacefully without thinking that it might go deeper. I stop considering the actual because it makes me too persistent on checking the chart to have a perfect entry but in the end my mind keeps giving fear that the price will still go deeper after I purchased.

Bottom is not worthy to locate. Buying at the key support is much better rather than locating the actual bottom.