Is this the bottom?

[sunnycb]

The entire crypto market is in between this dump which seems to be a really taking a long time to recover.

With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?

[Cesibik29]

Without knowing insider information, it's hard to speculate about further movement, it would be guesswork. I don't like guessing trading forex for example. When I see bulls in the market, the market will move up, but in the meantime the bears are in charge, so I think.

[Jett_beginner]

I think it might need more time to recover.

[aminiloy]

I am sure now this is the Bottom and BTC now gains some power.

[Syedbesharat]

It's tough to make predictions without any inside knowledge, it's all just guesswork. Personally, I'm not a fan of guessing when it comes to trading forex. If I spot bulls in the market, I expect the market to go up, but for now, the bears seem to be in control, so that's what I think.

[bitmover]

any suggestions?

Just wait until it is monday and people can actually negotiate the ETF. This is speculative movement, but ETF will certainly allow more people to buy bitcoin, which means more money coming in.

This is bullish in the middle term. If you haven't, take this opportunity to accumulate some more btc

[DabsPoorVersion]

I am sure now this is the Bottom and BTC now gains some power.

Let's just hope that Bitcoin will move the same as you have stated.
It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision. We should anticipate that it will take more time before it can start dominating the market again. The market is volatile, so we cannot be certain if this is the bottom. However, the approval of Bitcoin can be viewed as another obstacle that has been overcome. We will see the results of this approval soon.

[alltalk]

It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision.

Indeed. It probably takes time to show the impact of Bitcoin ETF.
What higher officials do you refer to? Although they disagree with SEC decision, they can't do anything because it is officially announced. I also believe that most higher officials should be happy with the decision, that's why SEC approved it. If they disagree, SEC probably won't announce to accept it.

The market is volatile, so we cannot be certain if this is the bottom. However, the approval of Bitcoin can be viewed as another obstacle that has been overcome.

The bottom is clear, it was in 2022 when the price below $20k. Now, the price of Bitcoin is above $40k. It doesn't makes sense to claim it as the bottom anymore.

[bhadz]

I am sure now this is the Bottom and BTC now gains some power.

Prepare yourself to see higher high and high low. We are already in that moment where you should be firm in accumulation becausw if you do not do it so, you might wait again for another cycle. But at the time, even if we are sure or aware that we might not see the bottom anymore for this cycle. Still, do not be lighted up by your emotion because when emotions are high, we cannot decide properly. Set your targets for this bull market and plan also what is your next move afterwards.

[debra]

Prepare yourself to see higher high and high low. We are already in that moment where you should be firm in accumulation becausw if you do not do it so, you might wait again for another cycle.

I don't really understand what you mean. But we are still in the very beginning of the peak, it is not the time to see the highest rate. So, why we think about accumulation now? It is not the time to sell the coins yet. Even some people are probably still collecting some coins for the peak. We shouldn't be afraid of missing the peak right now.

But at the time, even if we are sure or aware that we might not see the bottom anymore for this cycle. Still, do not be lighted up by your emotion because when emotions are high, we cannot decide properly. Set your targets for this bull market and plan also what is your next move afterwards.

Every time we buy coins, we must set a target for exit (take profits). It is just very careless if there are people who invest in crypto coins without specific targets. I myself already have a target in the first year of bearish season (2022). This is a normal way in crypto investment that every one must do. Never invest if you have no targets.

[DabsPoorVersion]

It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision.

Indeed. It probably takes time to show the impact of Bitcoin ETF.
What higher officials do you refer to? Although they disagree with SEC decision, they can't do anything because it is officially announced. I also believe that most higher officials should be happy with the decision, that's why SEC approved it. If they disagree, SEC probably won't announce to accept it.

I mean, although the Bitcoin ETF has been officially approved, there are still two commissioners who remain opposed to its approval. This means that despite the recent official announcement, not everyone voted in favor of the approval. It's possible that debates may arise due to this decision in the future. Anyway, this is just one of those possibilities and maybe a few reasons why there are still people who are doubting investing in Bitcoin.

[Litzki1990]

The market took a big dumping and that dumping continued till 2022 but the market started to recover from 2023 which is now in the last phase of recovery. Bitcoin price may have touched $66,000 and from that point the market came back below $15,000, but currently the market is once again in the $48,000 range, meaning that the price of Bitcoin is not far from reaching the peak. Similar is the situation with other currencies including Bitcoin other currencies are slowly recovering their value. If 2024 ends the way 2023 ended, we expect the market to break all previous records and touch new records.

[jeraldskie11]

I am sure now this is the Bottom and BTC now gains some power.

Don't miss this opportunity, as I did in 2021. We will eventually be able to demonstrate that cryptocurrency can truly alter people's lives. If you invest today, you will not regret it later. Just invest what you can afford to lose, or invest your spare money, so you don't have to withdraw if it takes a long time to generate a profit. If you see it coming, grab some bags. I believe that after the pullback of Bitcoin, it will rise impulsively, including altcoins.

[JoyMarsha]

I am sure now this is the Bottom and BTC now gains some power.

Those of us who are aware of bitcoin's potential would like to seize any chance to buy at a discount when prices are low. Could you make a comparison between the January price of bitcoin this year and the January price of last year when this post was made? If the math is done, the price differences(gains) are significant from last year investment when bitcoin was below $21k, till today's price when bitcoin is $39k. 
That is the case when an investor uses a DCA method to make long-term bitcoin investments.

[tomos81]

The entire crypto market is in between this dump which seems to be a really taking a long time to recover.

With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?

Although the topic is old for a long time, so I don't want to go further with this topic. Currently, Bitcoin halving has started again in 2024, but I discussed a little.

Bitcoin halving was in 2020. Bitcoin price did not increase that much in that year, but like every year, the price of Bitcoin is the highest in the following year. 2021 was the best time for Bitcoin price to go up. And the year 2022 was a bearish market with market lows for Luna and Ftx.  Once again 2024 is Bitcoin halving year so don't waste time and get attracted to investing fast this year.