How deep before a bullish turn?

[IjawMan]

BTC price in any case is known to have been on the down ward presently, the candles has been bleeding down red and right now at $67k analysis are still speculating that price may still be falling below $60k, and considering the chart movement, momentum looks strong to ignore.

From the little checks i did, I found the last time BTC price settled below the $60k was in June this year, approximately 4 months it is now.

What are your submission on how the recent market action has been performing and do you agree price might fall below or inches close to $60k. Where do you anticipate the bottom at this moment?

[Odohu]

What are your submission on how the recent market action has been performing and do you agree price might fall below or inches close to $60k. Where do you anticipate the bottom at this moment?

The ongoing crash in price is driven by fundamentals especially the the outcome of the US midterm elections followed by the NVIDIA CEO saga. With such strong fundamentals, it is somehow difficult to know where the crash will end.

The best thing anyone can do under this circumstance is to buy the dip and HODL.

[cryptomaniac_xxx]

What are your submission on how the recent market action has been performing and do you agree price might fall below or inches close to $60k. Where do you anticipate the bottom at this moment?

Or maybe we need to see a new bottom price at $55k before we see a huge bullish turn again? That scenario could be worst for us though, but in any case, as what we have seen in previous cycle, there could be one leg down before we can go up again.

So maybe close to that price or ~$60k could be the price that we should be looking for in this downtrend. Not that I'm scaring others, but who knows, although others might argue that "Past performance is not indicative of future results."

[EL MOHA]

From the little checks i did, I found the last time BTC price settled below the $60k was in June this year, approximately 4 months it is now.

What are your submission on how the recent market action has been performing and do you agree price might fall below or inches close to $60k. Where do you anticipate the bottom at this moment?

The price below the $60k in June was even the lowest price ($57000) in this cycle and seriously I don’t currently see us revisiting such price again because I do think that the market wouldn’t be so bearish to visit that price again.

My primary support at the moment is the $62000 price mark I think it might trigger with the market bearish sentiment at the moment but I highly doubt that the price will be broken or worst the price will go below the $60000 mark I am think we would just experience consolidation or market ranging within this support and they later break up and start the bullish trend in full