Bitcoin bottom is gone, last chance to buy incoming

[I_Anime]

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.

This is a work of art . After that break out with that nice momentum, bitcoin has been screaming bullish . For now is just making some short correction.  Bitcoin might reach the price range of $77k before the main rally . But in overall Bitcoin is bullish and has been bullish for sometime now .

Pity those that are trying to short Bitcoin to the price range of $60k . Saw a post on x talking about shorting bitcoin to the range of $60k+ and many will also have that same insight about the market that’s why is good to filter unnecessary noise.

[Odusko]

Was actually thinking that the beginning of this Q4 would be all bullish but when you at the market you would understand that it is still moving around a specific price range where breaking out finds it so difficult for the price of bitcoin. Thus, this month has always been a favorable month for the price of bitcoin generally, but from what I am sensing the market could likely change a shift within or during the month of November to January 2027 when following the past historical records or chats.

October is always mark as a bullish month because the real trend of the Q4 starts from the month of October, so we can say that Bitcoin will not dive below the $80,000 benchmark achievement, so we are gone pass the market period where Bitcoin touched the bottom which gave investors their last test of the discount market which was at 60k region for Bitcoin in May June and July before we saw the recovery that pushed Bitcoin price to the current resistance level.

[nara1892]

Hmm, okay. Looking at the current market situation, it’s true that prices have now rebounded because the most recent low touched the previous support level from 2024, and the most recent high resistance level was also broken by the price candlestick last August which is an indication of a fairly strong uptrend.



However, on the other hand, I can’t jump to the conclusion just yet that we won’t have the opportunity to buy at prices lower than the current level, since we haven’t yet seen a correction (at least one correction in this current uptrend), if, for example, a correction occurs in this uptrend with a formation where the lowest support price is significantly higher than the previous support level, then I can confirm that a prolonged uptrend is on the horizon.

[blomen]

i also think bitcoin will drop to around 60,000–70,000. it might even go a little lower than that. but i don’t expect bitcoin to hit a new low for this cycle a year after its all-time high. in the past, bitcoin has hit lows long after its all-time high, but those were lows that quickly rebounded and paved the way for rallies. i hope it turns out that way this time too, so we can take advantage of the bottom.

[Rengga Jati]

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.

It makes sense. The market is changing. No more dips, except for the ones that happened a few months ago. DCA holders won't be affected by this, actually. But, holders who emphasize averaging down may be impacted if they failed at that previous moment.

October is always mark as a bullish month because the real trend of the Q4 starts from the month of October, so we can say that Bitcoin will not dive below the $80,000 benchmark achievement, so we are gone pass the market period where Bitcoin touched the bottom which gave investors their last test of the discount market which was at 60k region for Bitcoin in May June and July before we saw the recovery that pushed Bitcoin price to the current resistance level.

Normally and usually yes. But, the market is changing. So, the accurate data will not always be accurate. Based on Bitcoin Monthly returns, it's still not clear yet for green or red. Just second week of this month. Still 2 weeks remaining.

[Smack That Ace]

October is always mark as a bullish month because the real trend of the Q4 starts from the month of October, so we can say that Bitcoin will not dive below the $80,000 benchmark achievement, so we are gone pass the market period where Bitcoin touched the bottom which gave investors their last test of the discount market which was at 60k region for Bitcoin in May June and July before we saw the recovery that pushed Bitcoin price to the current resistance level.

Yep , October is usually expected to be bullish, hence the name Uptober .  But not every October in Bitcoin's history has closed with a green candle . BTC may have bottomed in July, and those who missed the dip might have to buy at higher prices now.

That said, Im not buying the claim that BTC will not drop below $80k just because the bottom's in or because its uptober, that's a bit overconfident imo .  A move back into the $60k range isn't  completely off the table yet , so do not get too comfortable.

Just  because the market may have bottomed does not mean the bear market is over.

[#CapsLOck]

Was actually thinking that the beginning of this Q4 would be all bullish but when you at the market you would understand that it is still moving around a specific price range where breaking out finds it so difficult for the price of bitcoin. Thus, this month has always been a favorable month for the price of bitcoin generally, but from what I am sensing the market could likely change a shift within or during the month of November to January 2027 when following the past historical records or chats.

October is always mark as a bullish month because the real trend of the Q4 starts from the month of October, so we can say that Bitcoin will not dive below the $80,000 benchmark achievement, so we are gone pass the market period where Bitcoin touched the bottom which gave investors their last test of the discount market which was at 60k region for Bitcoin in May June and July before we saw the recovery that pushed Bitcoin price to the current resistance level.

October has proven to be a good month for Bitcoin in the past, but these are only signs of seasonality and don't mean the bottom is in. The market should firmly establish that buyers will support higher levels when $60k is the cycle low. They are not deemed to be recovered from for a few weeks yet and it's not enough to rule out another correction. I would prefer to follow the bandwagon and stick to a steady DCA than to think that $80,000 will never happen again.

[Futurexxx]

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.

I agree with you that by looking at this Bitcoin chart on the monthly timeframe, the market is more bullish than bearish, so it's more wise as a trader to be looking for a bullish opportunity than a bearish one that may not rally as a bullish one would.

Though the market is most times unpredictable, so we shouldn't be too confident, because we have seen in the past on so many occasions when the market goes against all indications and go the opposite direction, but regardless of that, the chances of the price of Bitcoin rising and breaking the $87k resistance is still pretty high, so if you are trading it, looking for an opportunity to long the market seems more like a better option than shorting it.

[traderethereum]

This month could be shake like previous month. We see the price could be anywhere without we can predicting right. We can analyze and predict but not for the right place because the movement can change anytime.

But the price moves good in this week after the down in last week so we can expecting that the price could be back to the high price. But if the price is not increases, that should not be a problem for us because our focus is accumulating on this phase.

[Out of mind]

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.

According to the Bitcoin cycle, we saw the market go down to the highest level where there was a lot of opportunity to buy from the depths. But we can already see that the market is no longer at the lowest level it came to, but it has continuously changed its position and is in a higher position. Many may be waiting to see more lows in the price of Bitcoin, but in fact, according to the market cycle, we see that the market will not move so much towards the decline. The way Bitcoin is following its course now, we hope that the bull run ahead is going to be very good and will be enjoyable for every investor. According to the market chart, we can see that the price of Bitcoin has already moved towards the high and there is no possibility of further decline, so we can say that the opportunity to buy from the depths has run out.

[Z_MBFM]

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.

The possibility of Bitcoin price going back to $60k is very low but it will definitely go below $80k. Bitcoin had dropped considerably but many people had expectations that they would be able to buy Bitcoin at a price around $40k but that opportunity was not available anymore. When it first dropped below 100K, those who have done DCA since then have been able to enjoy the full opportunity of Bitcoin's Bear Season. There is still a chance to invest in Bitcoin. Although the price of Bitcoin is not down much now, it will fluctuate between $70-80k, so it would be wise to buy enough Bitcoin according to your ability at this time. If that doesn't happen, you will have to regret it later.

[DiMarxist]

With all the retracement that Bitcoin has been able to get in the past one month, Bitcoin is already on a bull run because, I don't see the price of Bitcoin going back to such a low point again this cycle before even the next halfing cycle which is expected in early 2028. There has been several threads on this forum especially on this board which has over time consistently advised for the need to buy Bitcoin in this dip as it more better because, it saves cost because buying Bitcoin in dips like this is like you buying Bitcoin on a discount rate.

The bull run is here, and it will be bad for anyone who will wait until they see the price move up and skyrocket before buying, that is like buying out of the fear of missing out buy now that the price is still low.

[Xackie]

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.

The possibility of Bitcoin price going back to $60k is very low but it will definitely go below $80k. Bitcoin had dropped considerably but many people had expectations that they would be able to buy Bitcoin at a price around $40k but that opportunity was not available anymore. When it first dropped below 100K, those who have done DCA since then have been able to enjoy the full opportunity of Bitcoin's Bear Season. There is still a chance to invest in Bitcoin. Although the price of Bitcoin is not down much now, it will fluctuate between $70-80k, so it would be wise to buy enough Bitcoin according to your ability at this time. If that doesn't happen, you will have to regret it later.

What if there's a policy change from the USA  or the ongoing conflict spreads rapidly., those kind of things could impact bitcoin price.  After all we have seen how bitcoin price moved from beginning of this year after the conflicts started. So anything can still happen in which might go back to $60k and moreover the current price is $80k, so waiting for price to drop around $40k  is unrealistic. Anybody that is waiting to buy around that price are just wasting their precious and missing opportunities in the market.  In this kind of case ,DCA is beneficial, you can accumulate bitcoin at different markets conditions consistently without waiting for a dip and minimize risk.

[Pi-network314159]

Hopefully we expect this last Quarter of this year to be the End of Bitcoin bottom to become bulish next hopefully. I am expecting to see Bitcoin become bulish  because we have been down for too long for sometimes now maybe we will  be smiling later thereafter. As we keep waiting and hoping let's not forget to accumulate more.

[Bd officer]

Hmm, on the one hand, we can assume that the bottom price of this cycle has been determined. Because the price of Bitcoin fell to $57k last July, so this may be the bottom price. I did not understand what you mean by last chance to buy, maybe the opportunity to buy at the bottom price has passed, but there is no such thing as last chance to buy Bitcoin, anyone can buy at any time. Personally, whenever I buy, I think it is the last chance to buy at a low price.

There are still more than two months left until the end of this year, so for now I believe that the price will decrease but I will not expect a bottom. Whatever the market, it is better to buy with DCA strategy.

[liasbaa]

I did not increase my Bitcoin purchases after seeing the possible decline forecast by experienced investors. My expectation was to aggressively buy with cash funds while the DCA was ongoing. Now the price of Bitcoin has the potential to increase further. Today's rise to $84k is very temporary but there is a hint of a possible bull run. There is a mixed reaction among investors related to the market around the US midterm elections. Donald Trump will almost certainly be able to maintain his position in the midterm elections. I am also waiting for another bull run and another ATH.

[rbynxx]

The interesting part is the way BTC respected those 200W MA in the previous cycles before, but this should have been expanded rather than just the year 2022. If history repeats and we see another retest maybe around $70K before the next major leg up, that could be one of the best opportunities everyone wished they trade for. Yeah, nothing is a guarantee, but the risk of waiting for a crash is missing the move entirely. I'm curious to see if this cycle will follow the same pattern or it will surprise everyone again.

[LogitechMouse]

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.

Back in the days, I also look at that line whenever I want to see a long-term dynamic support, and it seems like it will act as one.

Well, I guess we will not see any huge leg towards the downside anymore, and we might've already seen the bottom of the market already at $58,000, and if that's the case, the bear market ended way earlier than what I expected because on average, bear market lasts for around a year, but this time, it ended earlier. The crypto market never ceases to amaze and surprise me I guess. For me, anything below $100,000 is still a good buy. Of course, the lower the better, but history says it already that whenever the crypto market enters a bull run, it often surpasses it's previous ATH.

Speaking of ATH. See you in the next bull run in... in 2029 I guess. I'm pretty sure there are many silent Bitcoin accumulators here who are silently HOARDING some BTC for them to hold for the next 2-3 years.

[Pandu Geddon]

The interesting part is the way BTC respected those 200W MA in the previous cycles before, but this should have been expanded rather than just the year 2022. If history repeats and we see another retest maybe around $70K before the next major leg up, that could be one of the best opportunities everyone wished they trade for. Yeah, nothing is a guarantee, but the risk of waiting for a crash is missing the move entirely. I'm curious to see if this cycle will follow the same pattern or it will surprise everyone again.

Honestly, I was expecting a big surge this October. We have already entered the second week of this month but have not seen a significant price surge. Or we might just have to wait until the end of year closing, the situation for which is still uncertain.
I am not sure about retesting $70k, although it could happen. But I still hope the price will continue to rise without dropping to that level. We have already passed the lowest price. A drop not as deep as what has happened could still affect what happens in the market.

[Jubilee58]

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.

I think some investors are still waiting for Bitcoin to test $58k once again or below, but it is important to know that Bitcoin is not as volatile as the initial time when Bitcoin first came onboard to the digital market , and any dip should be seen as an opportunity to purchase Bitcoin. Even if the price of Bitcoin will drop lower than it's present price, it might not be much . So if anyone wants to invest in Bitcoin, I think this is the right time to do so since we are anticipating another bullish season. To make the most profit out of your investment, now is the time to invest.
Bitcoin price is always appreciating in price, and there is a very strong conviction that long term investing will always give you the desired reward on your investment.