Bitcoin bottom just 11 weeks away?

[JamesDaniel90]

If the 4 year cycle is still to continue and you compare it to previous cycles then Bitcoin will bottom in roughly 11 weeks and i am curious to hear how low we all think it will go?

I have seen some say as low as $35k but id be very surprised if it goes that low.

I think the bottom will be between $44-50k and my current plan is to buy more regularly soon as it falls below $56k.

so July 23 plus 77 days is October 8th I will keep your guess in mind.


But this bullpen was the first to hit an ATH before the 1/2ing so it could very well be you are off by months.

In 2021 Bitcoin hit an all time high 9th November, it then bottomed 21st November 2022 so i dont think i am that far off with my prediction considering Bitcoin topped October 6th last year as it is roughly a year from top to bottom.

[alastantiger]

Everyone is waiting for the right moment on this issue. Bitcoin has eroded people’s faith in something that seemed so certain time and time again that I feel it won’t surprise us this time either. So far, this bear market has been less severe than previous ones. The price dropped to about half of its all-time high and is currently trading slightly above that level. But I think we’ll see a bottom around the $50,000–$55,000 range.

I don't understand the obsession with Bitcoin bottom being reached because if people have been accumulating then they would not be that bothered about the bottom of Bitcoin. Investors that have being investing in Bitcoin few months ago do not have time to be waiting for the bottom of the market because they have already invested in Bitcoin and they will buy more in the future. I do not like when people are too concerned about the price of Bitcoin because most times they do not end up buying but instead continue procrastinating. If you want to buy Bitcoin you do not need to be monitoring the bottom of the market but instead you are supposed to DCA into Bitcoin and then wait for the market to increase in the future.

[G_Besar]

If the 4 year cycle is still to continue and you compare it to previous cycles then Bitcoin will bottom in roughly 11 weeks and i am curious to hear how low we all think it will go?

I have seen some say as low as $35k but id be very surprised if it goes that low.

I think the bottom will be between $44-50k and my current plan is to buy more regularly soon as it falls below $56k.

The price you're asking for is already too low, and it hasn't happened this year for Bitcoin. So, considering Bitcoin's all-time high, I don't think it's wrong to buy now or after the $60,000 mark breaks through, even if it doesn't break below $56,000. For now and in the near future, Bitcoin's price will continue to hover above $60,000, so the price correction between the decline and the increase won't be too large. So buying at the current price is also not too bad for anyone who wants to add Bitcoin to their personal wallet.

[AprilioMP]

so July 23 plus 77 days is October 8th I will keep your guess in mind.

But this bullpen was the first to hit an ATH before the 1/2ing so it could very well be you are off by months.

In 2021 Bitcoin hit an all time high 9th November, it then bottomed 21st November 2022 so i dont think i am that far off with my prediction considering Bitcoin topped October 6th last year as it is roughly a year from top to bottom.

The Bitcoin market has previously experienced a downturn of over 90%, which we refer to as a bear market, and there has always been a recovery. Before 2021, I tried to point out that this had happened in 2011, specifically between June 2011 and November 2011. We still remember the flash crash and the first Mt. Gox hack. At that time, the price of Bitcoin fell by more than 90% from its all-time high (ATH).

Now, in 2021–2022, the Bitcoin market experienced a decline of more than 75% from its ATH of $69,000 reached in 2021. If I’m not mistaken, the triggers were the war in Russia, the FTX exchange scandal, and the LUNA scandal.

[Bushdark]

If the 4 year cycle is still to continue and you compare it to previous cycles then Bitcoin will bottom in roughly 11 weeks and i am curious to hear how low we all think it will go?

I have seen some say as low as $35k but id be very surprised if it goes that low.

I think the bottom will be between $44-50k and my current plan is to buy more regularly soon as it falls below $56k.

We don't know if 4 years cycle will continue although we have been hearing that the 4 years cycle have a u-turn and we might not be experiencing a complete 4 years of bull market and another 4 years of bear market. The price of Bitcoin is not stable at all and I am certain that a time will come when the price of Bitcoin is going to fall below the $40k level and we might be seeing it maybe below.

We should not also forget that the price of Bitcoin has really dropped from $150k to $60k plus is a 50%  below drop in price. If the price of Bitcoin go as far as dropping to $30k, that will be 70% below drop in price which is not going to favour the market and investors at all.