Is $58.5k we fell to early July the bottom for this bear market or do we have 1 leg lower?
We are nearly half way through September and I now feel the bottom is in as cant see how Bitcoin falls nearly $20k now to new lows from the current $77k unless something really bad happens next few weeks.
I do feel though that was can go back to the $65k range again to see a higher low and I'm actually hoping for that again to buy cheap one last time before bull run is here for next few years.
How are we all feeling? Is the bottom in or not?
Bitcoin price hit its lowest level in July, but since then the market has gradually improved and is currently in a much better position. We can say goodbye to the bear market based on the current market situation, I think the market may not fall below $58k, but the Bitcoin market may be in a temporary decline at the current position.
The price of Bitcoin has gradually changed a lot since September, especially as we can see that the market crossed $80k which created a strong support in the market. And the market was in the $87k range, which seemed to be going higher very soon, but currently the market is in a bit of a slump. Although we can already see that the market fell to $79k, but it recovered its value again and is in the $83k range. Seeing such a performance of the market, we can definitely say that it will not come to the lowest level again, but will now gradually move towards the highs.
According to the Bitcoin market chart and the way the market has changed, if it continues in the coming days, the market may touch $100k by the end of 2026. And we can expect that the market may decrease slightly at the level it is at but will rise again towards the highs, already we can say that the market may not go to the lowest level again.