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.

[Smartvirus]

This is a speculation board thread since it’s taking about Bitcoin prices and where we might have the low than an actual Bitcoin discussion thread. Kindly move as it applies.

Check below this page and you would find Move Topic/Lock Topic and use as it applies.

[Catenaccio]

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?

Don't try to time the market as the market and market makers easily know what the crowd think and predict the market's next movement so they will easily bend the market to an opposite direction. You can base on market history, correction history from ATH to bottom and predict this market bottom range quite accurately, but timing the market is harder and you will fail.

Next 11 weeks or next 11 weeks + 52 weeks (1 more year) will be the same for you, while if the bear market lasts longer, you will have advantage of more time for accumulating cheap bitcoin.

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.

I am quite agree with this possible bottom price range from $35k to $50k.

Bitcoin cycles.

|

Cycle

|

Bull market top

|

Price at top

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Bear market bottom

|

Price at bottom

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Peak-to-Trough Drawdown

|

|

1

|

Nov 2013

|

~$1,150

|

Jan 2015

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~ $152

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~ 87%

|

|

2

|

Dec 2017

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~ $19,800

|

Dec 2018

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~ $3,200

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~ 84%

|

|

3

|

Nov 2021

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~ $69,000

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Nov 2022

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~ $15,500

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~ 77%

|

|

4

|

Oct 2025

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~ $126,296

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TBD

|

TBD

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47.85% (ongoing)

|

[Oshosondy]

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

I do not think bitcoin will fall below $50000 in this bear market, hardly will bitcoin even go below $55000 from what I have seen. Although, I do not know if the price of bitcoin will be lowest at $57700 that it fall to before increasing above $60000 again, but what I know is that bitcoin is not going below $50000.

[GreatArkansas]

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

I do not think bitcoin will fall below $50000 in this bear market, hardly will bitcoin even go below $55000 from what I have seen. Although, I do not know if the price of bitcoin will be lowest at $57700 that it fall to before increasing above $60000 again, but what I know is that bitcoin is not going below $50000.

Same, the fall to $60,000 recently in just a short period of time is already the dip for me; the $60,000 level is significant support already, especially since we are already sitting above it. So for me, I'd be expecting more sideways above $60,000; even if it will take more than 11 weeks, I am comfortable with it already.

[ultrloa]

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

I do not think bitcoin will fall below $50000 in this bear market, hardly will bitcoin even go below $55000 from what I have seen. Although, I do not know if the price of bitcoin will be lowest at $57700 that it fall to before increasing above $60000 again, but what I know is that bitcoin is not going below $50000.

Same, the fall to $60,000 recently in just a short period of time is already the dip for me; the $60,000 level is significant support already, especially since we are already sitting above it. So for me, I'd be expecting more sideways above $60,000; even if it will take more than 11 weeks, I am comfortable with it already.

That $60k quick drop we have seen is just like a liquidity sweep and we have seen the market consistently defending in this current price level.

Seeing Bitcoin holding at this price for many weeks, it looks like indicates that accumulation phase is slowly starting. If macrotrends didn't show any worse situation, then staying above on $60k figure is good base price for possible strong run.

Event though August is ghost month, but prediction for this month is positive for Bitcoin https://tw.tradingview.com/news/cointelegraph:42db8a1ae094b:0-bitcoin-gets-new-80k-august-target-watch-these-btc-price-levels-next/

[Moreno233]

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.

I mean not quite agree with that 11 weeks timeframe because I know how difficult it is to know exactly what price will do in a certain timeframe, hence I like to approach the market in a reactive fashion. That being said, below are the possibilities I see in the market.



If the upper liquidity is taken first, then we will just see price heading to $72,000 without looking back much and that will mean that no much further decline is expected. On the contrary, if the lower liquidity is taken first, then price will drop to the yellow box from where we will see the rise. This will mean that price is not expected to go below $57,759 in my opinion as Bitcoin is already done with the business of bottoms.

How long either of the scenarios will take to play out, I do not know. Price may even decide not to respect this and that is completely fine since all we doing is speculation.

[Pandu Geddon]

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 Bitcoin will drop to a certain price. But I think the market situation has changed, and we can’t equate the current situation with the past 4-year cycle moments. The drop that happens might not reach that number. Even though there’s a chance the next drop could be deeper, it might not go below $50k. I could be wrong, of course, but that’s what I believe.

[Pablo-wood]

...

The resistance line I can see from the chart wasn't broken by the last trend. Price heading towards $72k isn't feasible for me instead I am expecting a period of range market where price will stick around $64k - $66k for a couple of weeks before any major breakout will occur. The market is so indecisive now and could go either way after the short period of range (sideways move).

[Frankolala]

You cannot really tell if we have 11 weeks more to the bottom line of the bear market because past records doesn't guarantee the future outcome. Though, if it happens that the bottom line will be in 11 weeks time, I don't expect bitcoin price to dip below $50k from my understanding of the chart. Institutions, government and big companies that have involved in the adoption of bitcoin will make the price not dip to the percentage it use to dip to in previous circles.

[hugeblack]

Anything is possible. If inflation increases significantly, a price of $35,000 would be perfectly reasonable. Therefore, there are factors bigger than the impact of the 4-year cycle or any variable related to Bitcoin, but rather the global economy.

[Asuspawer09]

I mean it mostly doesn't matter since for long term investors the lower the better the lower the market price the more opportunity to accumulate and buy it on a lower market price, it doesn't matter how low it is, I mean 35k$ bottom in my opinion was generous already since I still remember that market price, so it was probably just a few years going to that price wasn't too bad for sure, but I just can't imagine if it was even possible these days but I hope a even lower market price so that we could accumulate and buy it on a discount.

It would be great if the cycle continue but I mean it's the market we could easily be wrong at any moment. Something could easily happen, so I will not be surprised if the cycle changes for sure, but i still would follow the patter since that is what can be our only basis or can be a basis, instead of just buying without thinking or just gambling about the market price.

[Cryptoprincess101]

Historically, the bear market lasts between 9 to 14 months which means that if we calculate from when the bear market started which is exactly 9 months ago, we still have few months to go before we can be sure that the price has hit its bottom. $35k doesn't look like a bottom that can be achieved in 11 weeks from now so it should be around $50k because there is a strong support around $60k which is why when the price went down below $60k, it immediately made a recovery. If another bottom should be created, it won't go below $50k (within 11 weeks).

[Hatchy]

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.

Where every price chooses to fall down to doesn't change or prove anything. It's all just speculation so don't put too much hopes on a particular price range as bottom. Like I told many people earlier, bitcoin has hit a strong range and might take a long time to break out of this range. This is the point where it chooses If it should bottom below the $59k or just break higher and start a new bullish trend. But even if these are to happen, we can't tell when, we can't tell if the cycle will continue or just end and get broken. So anything we do now should be according to our investment plan and not based on what the market reads as it could give us different behaviours and still do what it wishes to do.

[danherbias07]

I don't want to believe it, but history and records show that there is always a big fall that happens whenever Bitcoin reaches its peak. It could be after a year or months. It already happened, and it almost halved the value of Bitcoin. We just don't know if more is coming.

Still, I am optimistic that this is a different era. More people know about Bitcoin and more investors are coming in, either retail or institutional. Also, there's the ETF, which was really a big support to avoid a sudden fall. I mean, the buy-back will be faster if ever there's a whale who dumps it all.

[EarnOnVictor]

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 hope this will not break your heart.

That is the mistake some of you are making, but the fact remains that Bitcoin will not repeat a perfect replica history. Take a look at the past 4-year cycle before the last one. Did you recognise something? Bitcoin started buying earlier than its usual time in the last cycle. Is that what you are banking upon? The last cycle started faster due to the ETF saga. We should not forget that.

[KingsDen]

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.

In as much as I agree that bitcoin will reduce more than we have seen it, I do not think $35k is something we can see in this cycle. If we see $35k in this cycle, it therefore means that there's no effect of the institutions in the bitcoin market. I even thought we would remain around $70k region which was the reason why I was caught up by the market.

Even the calendar isn't distorted, 11 weeks is barely 3 months which is not something so long . So, by October if we do not go below $50k, it means that it's not gonna happen again. We will all be set for another bull run.
Of course we might also see another ATH before halving.

[Dr.Bitcoin_Strange]

I have seen some say as low as $35k

I really doubt that Bitcoin price will get to that level, if it would get to $35k, it's likely to go below it to take out the $24k support level on the monthly chart. If at all price is going to bottom, I don't see it going  below $48k which is a strong support zone that could reverse the price. Except there's actually any bad economic event that could push price down that much, else price has already bottomed enough.

[aoluain]

11 weeks is very specific!

and yea its potentially going to be around then and its not going to be over the course of
a day or even a week, I am calling that it will be a gradual slide down to a low and then a
gradual climb out of it and this will be over a few weeks.

For the low I am conservatively expecting low $50,000's

[philipma1957]

as i type this i will mention two names.

Mike Saylor
Elon Musk

Saylor could sell off most his btc and crash the btc market

Musk could sink 100 billion into buying coins and moonshot the market.

also Satoshi controls 1,000,000 plus coins he could sell off and crash the market.


So basically BTC is merely a yoyo in the hands of Musk, Saylor and Satoshi.

Here is hoping they decide up and not down.

My Guess is the Low is done it was 57k and change in June.

and the 11 week prediction for a crash in nov is wrong.

but who knows for sure.


hmm maybe musk saylor and satoshi.

certainly not us.