Has Bitcoin bottomed out or there is a possibility of a new low?
First of all, let me start by saying this no one knows it all in the crypto space or knows what exactly is going to happen next except the person sees the future, but since no one on earth right now can see the future, we will all stick to what we know and the information available to us to make our prediction of what to happen next after a very careful technical and fundamental analysis but the sad truth is this after you have done all your analysis both technical and fundamental the market can still go against you and your predictions, which is why it is always important that you include the possible worst case scenario and how to handle it when it comes when doing your analysis.
So, as you go on the Internet there are a lot of different opinions, points of view, and predictions by different people, before you get all hyped and turn off your sense of reasoning because you think you have found the best trade signal or holy grail of trade signals, just know that before listening to people in this crypto space you should know that they could be wrong at times and most of the time in some cases. So trade and invest carefully and wisely, do not go jumping into any trade setup that you see online or in a signal group for those that love signals.
Now, back to if Bitcoins has bottomed out or might hit a new low or lows, No one can say if Bitcoin has bottomed out or not or if we would see new lows before the Bull market comes because most definitely the bear market will come to an end someday, the only sure thing is that Bitcoin is in a massive discount that anyone who wants to get huge returns or profits in the bull market should be taking advantage of the bear market now and not panic selling. Bitcoin is currently in a bear market but as I have pointed out that would not last forever, so be patient and DCA (Dollar Cost Averaging) into the market right now.
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I agree with you that the bear market will end sooner or later; this is a great time to buy at a discount and it's not said that you can't buy even less; in these times those who believe in certain projects accumulate; those who sell even taking a loss may later regret not having been patient. At the moment the stock market is also down but in the long run it recovers and always brings gains. Great analysis, thanks for sharing!
The crypto market will definitely recover, and those who panic-sold will regret their actions .
I still think that there will be no bottom until sometime in 2023 when I think we'll see a massive crash in everything. Crypto, housing, jobs, stocks, gold, everything.
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Hmmm, why are you so sure?
My personal bias mostly. I believe in Austrian Economics which says that the socialist garbage America has been doing for the past several decades is completely unsustainable. It HAS to crash at some point, or my entire worldview is wrong. I think it is going to crash soon. I don't think this is THE final crash, I think they can pump it and kick the can down the road one more time, but all markets are about to take a dump I think. If they do, crypto will dump too.
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