Bitcoin bottom is gone, last chance to buy incoming

[ImThour]

No explanations are required I guess, Bitcoin will retest the 200W Moving average and then there will be no chance to buy Bitcoin below this price in the whole cycle.
I wish each one of you, a happy bull run ahead. Cheers, see you soon with another chart.

[EarnOnVictor]

Without mincing words, I've kept my chart analysis of Bitcoin simple since January, and it has worked the best. I narrowed it down to the simple EMA50 on the monthly chart, and it has been a wonderful guide. As you can see, Bitcoin bounced back above the level in August at a price a little below $67,000; I don't need any bullish preparation or confirmation again, and no soothsayer is needed for me to know that the next phase's bullish journey has started and the bottom witnessed around $58,000 will almost certainly be this cycle-low.

Only a breach back and monthly close below the MA level could invalidate my stance.

[Mrbluntzy]

Bitcoin will retest the 200W Moving average and then there will be no chance to buy Bitcoin below this price in the whole cycle.

I agree with you, after doing my analysis using the 1 week and 1 month time zone of the chart, I was able to identify that price stopped moving down at very strong support level formed in 2024, price has formed another strong support zone at that same level which might not be tested again, could just drop a little to that level you mentioned before continuation to the upside but if there's no buying pressure at the moment, price could just be consolidating around that level until it's ready to move to $100k upward. Some people have already missed the opportunity to buy when price was still sitting at $59k and they might still be waiting for price to go below it which I doubt.

[Merit.s]

From the market movement, it shows that the bear market is coming to an end and we might not be able to buy at a price lower than $58k+ because that seems to be the bottom. The market has two phases and if it's not bearish, it's bullish.

Those that were still waiting for bitcoin to dip below $58k+ before they'll buy have missed the dip and they'll regret waiting for the dip. DCA puts you in a better position to buy always.

[aoluain]

Well I'm not going to contradict myself after saying for the last few months that end of
september into October could see a market shift to a Bearish trend and so here we are
almost half way through October - so I am expecting a market shift around now.

I dont expect there to be an all out pump up, it will be a trend which could take weeks or
months possibly.

I also expect a quick 'wick down' to clear all the longs, so there may be a chance to
buy at ~$60k ish yet...I'm not saying its a definite but its a real possibility.

[Donneski]

What I understand from this is that the 200-week is being treated as both a potential buying opportunity and a level Bitcoin shouldn't fall below again this cycle and both can be two different arguments. The analysis looks promising and aligning to your stance but in the past, Bitcoin has also given us several reasons to be optimistic only to drop when it was least expected so I'll not confidently say this is the last chance yet. Let's see if the market will confirm the move at the end of the day.

[Oshosondy]

I have been thinking bitcoin bottom would be in June or July and it happened, although I was thinking the price of bitcoin may fall, but from my analysis using BB, it is very clear that bitcoin may not go below the lowest price it had in June/July if this year. Bitcoin may still fall below 80000, but I do not think bitcoin is going below $60000 ever again.

[Die_empty]

Well I'm not going to contradict myself after saying for the last few months that end of
september into October could see a market shift to a Bearish trend and so here we are
almost half way through October - so I am expecting a market shift around now.

I dont expect there to be an all out pump up, it will be a trend which could take weeks or
months possibly.

I also expect a quick 'wick down' to clear all the longs, so there may be a chance to
buy at ~$60k ish yet...I'm not saying its a definite but its a real possibility.

I share the same views with you. I see this recent price increase as a bear-market counter-trend move. This temporary, sharp price recovery might end in November 2026, when it might experience another low. I am hoping that we might still have another chance to buy Bitcoin below $59,300. I will keep DCAing regardless of the price.

[Moreno233]

No explanations are required I guess, Bitcoin will retest the 200W Moving average and then there will be no chance to buy Bitcoin below this price in the whole cycle.
I wish each one of you, a happy bull run ahead. Cheers, see you soon with another chart.

You have given a very good analysis, my views also agree with this. Bitcoin gave a clean break of the 200MA to signal a strong change of character. That is enough to establish that the prevailing low will stand. Bitcoin is not showing interest in going below $80k and that is why I think that those who will buy like now may be those who bought at low in the nearest future.

[Ndabagi01]

From the market movement, it shows that the bear market is coming to an end and we might not be able to buy at a price lower than $58k+ because that seems to be the bottom. The market has two phases and if it's not bearish, it's bullish.

Those that were still waiting for bitcoin to dip below $58k+ before they'll buy have missed the dip and they'll regret waiting for the dip. DCA puts you in a better position to buy always.

Buying the dip usually comes so rapidly that many investors don’t get to see it happening. This is the reason why it is important to buy and enter into the market when you have the funds to. Waiting for the dip could make you miss potential buying at a very low price level. DCA indeed puts people on an advantage to buy at a relatively average price, not now everyone gets to understand this and use that to their own advantage. The bullish candles are already getting confirmed and that price could be the lowest price Bitcoin will ever get again when this bull run kicks in with full force.

[jossiel]

I also expect a quick 'wick down' to clear all the longs, so there may be a chance to
buy at ~$60k ish yet...I'm not saying its a definite but its a real possibility.

If Bitcoin's price lowers to $74k, that will be of possibility. But as long as we're not going to that price, I am not yet convinced that we shall see it soon.

I am with you, the possibility is there once we see that range. Otherwise, if this month ends favorably in the range of $80k as its support much better.

Hack news did some affection but as usual, bitcoin recovers.