Is the bottom in for crypto?

Leavepreneur

Leavepreneur

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The current bottom is around $58k. The current price is $78k.

Do you think the bottom is already established for this crypto cycle?
 
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I still believe Bitcoin will go back to below $58k in 60-90 days. I don't think it will go to $20k or $30k like some people mentioned in the past, but $40-$55k is possible.
 
I think the market will continue to boom. The 78k$ mark is still not over.
 
I don't know why people think that someone knows what will happen in Crypto. It's volatile and unpredictable. If you're in the game, go with the flow (trend) and avoid it when it's highly volatile. Everyone just gives their opinion, that's all, including the crypto influencers.
 
Nothing can be said for sure. I think 58k isn't the bottom yet. It could go even lower, but you can't predict anything with cryptocurrency.
 
I think so, it was consolidating in the 60-65k range for a good amount of time to consider a decent price support has been built. We might go back to some lower levels to retest support though.
 
I don't think so
 
RichMedusa said:
I don't think so
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Check the previous cycles, I know it’s not a guarantee that it’ll follow the same pattern every time, but so far they’ve been decent predictors for what’s going to happen.

If you go by the previous cycles, the bottom should’ve been in somewhere around October, which I think is close enough.
 
kobuta said:
Check the previous cycles, I know it’s not a guarantee that it’ll follow the same pattern every time, but so far they’ve been decent predictors for what’s going to happen.

If you go by the previous cycles, the bottom should’ve been in somewhere around October, which I think is close enough.
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Yes, that's why I think it's not in yet
There is always this August/September pump before the final crash in October/November
 
RichMedusa said:
Yes, that's why I think it's not in yet
There is always this August/September pump before the final crash in October/November
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True, I still feel like we’re not going to see a correction taking us below 58K, let’s see though, in the end no one knows sh*t and the market tends to humble us all, lol. :D
 
Nobody can predict the market, but I haven’t filled my bags yet. I’m hoping it dips to $40K so I can go all in.
 
Venusaur said:
I still believe Bitcoin will go back to below $58k in 60-90 days. I don't think it will go to $20k or $30k like some people mentioned in the past, but $40-$55k is possible.
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Based on what ? Past cycles ?
 
I’m under the impression that it indeed has found its bottom and we’re going to steady go up from here into the bull cycle. We might see a couple of dumps to retest prior lows though, market can be unpredictable.
 
In my opinion, the $58K support level for BTC is quite strong, and I think Bitcoin will reach a new all-time high in the near future.
 
Navi Agency said:
In my opinion, the $58K support level for BTC is quite strong, and I think Bitcoin will reach a new all-time high in the near future.
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I think there are not enough money to support that.

People have no money now, and rich person/organizations all put their money into the AI industry.
 
I would say we might see BTC take a big dip into 45k to liquidate all people and then start the bull run
 
BTC is at 80k today, after spending most of the last few months in the 60k zone. I'd guess the lull is ending, time to board the B train again for the long term.
 
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