Is this the bottom?

[LogitechMouse]

Re: Is this the bottom?

The thread has been created 2 years ago, but I think that this question is still relevant knowing that we have just experienced a market correction a few weeks after the Bitcoin Halving event happened.

As for me, I'm optimistic with the market currently that's why what we saw a few days ago might really be the bottom of the market and after that, we might see the market goes up significantly. By the time I'm posting this, Bitcoin's price is already at $61,000. Just a few days ago, it's price was below $55,000 at one point. A huge increase in just a few days. Many took the opportunity that's for sure (including me).

Overall, the market is still bullish, and the sentiment for sure is bullish even though we've seen a market correction. What we saw a few days ago might be the bottom of the market. Of course, I might be wrong. Just be prepared for what can happen.

[MrSpasybo]

The thread has been created 2 years ago, but I think that this question is still relevant knowing that we have just experienced a market correction a few weeks after the Bitcoin Halving event happened.

As for me, I'm optimistic with the market currently that's why what we saw a few days ago might really be the bottom of the market and after that, we might see the market goes up significantly. By the time I'm posting this, Bitcoin's price is already at $61,000. Just a few days ago, it's price was below $55,000 at one point. A huge increase in just a few days. Many took the opportunity that's for sure (including me).

Overall, the market is still bullish, and the sentiment for sure is bullish even though we've seen a market correction. What we saw a few days ago might be the bottom of the market. Of course, I might be wrong. Just be prepared for what can happen.

In my opinion, the BTC halving event signaled the end of the 2022-2023 crypto winter bottom. This means that even if the current price fluctuations are negative, there will not be a new bottom below $15.6K in this cycle. Therefore, optimism should be maintained, and accumulation should be carried out instead of panic selling tokens.

This topic was created in mid-2022, and we now know that the bottom of the crypto winter came in Q4 2022. However, I believe that DCA BTC from mid-2022 was also a wise decision and helped investors accumulate more BTC at the bottom. The time we spend in the market is more important than the time we enter the market.

[BitMaxz]

In my opinion, the BTC halving event signaled the end of the 2022-2023 crypto winter bottom. This means that even if the current price fluctuations are negative, there will not be a new bottom below $15.6K in this cycle. Therefore, optimism should be maintained, and accumulation should be carried out instead of panic selling tokens.

It's impossible to see that level again every cycle the price has a new ATH every block halving so I don't think we will see the $15k again maybe around $25k as a dip price on this new cycle.

The recent bearish is just a correction and I think there are big whales on the dark pool who are selling at that time before it rises again today and Bitcoin is not the only one that kept declining last week almost all on the market are declining including gold and copper. So I think it's just a correction with the help of people with weak hands during that week that is why instead it would just drop a bit while correction it declines a lot because of panic selling.

[Faisal2202]

In my opinion, the BTC halving event signaled the end of the 2022-2023 crypto winter bottom. This means that even if the current price fluctuations are negative, there will not be a new bottom below $15.6K in this cycle. Therefore, optimism should be maintained, and accumulation should be carried out instead of panic-selling tokens.

CMIIW but are you saying we should maintain our optimism because now BTC can't go below $15.6k in this cycle and that's for 100% we should be optimistic about it and should accumulate as much as we can. No offense dear but don't you think such a guarantee is so obvious at the moment or I am being too optimistic that I don't think BTC could touch that point ever. I am saying "ever" you saying in this "cycle". Well, still we should look at the market from all angles as it's in the best interest for all of us.

The time we spend in the market is more important than the time we enter the market.

Hmm, it's deep but in what sense, as IMO the time we enter in the market gives us a good hand here as if we entered market in bear run then we will have the advantage of accumulating BTC in cheaper rates, although time spent in the market is also good as more time spent means more availing of the opportunities when a dip will come.