Quote from: BitcoinNewbie15 on July 19, 2018, 03:33:58 PM

Quote from: jossiel on July 19, 2018, 11:11:43 AM

Quote from: JohnTask on July 19, 2018, 02:33:29 AM

And as you can see, the whole market is in the red again.

It's okay, red again as you say?

Red = Bitcoin @ $7,300 that was one of the best red that I've seen again. Color is just an indication but taking a look at the market and it's price makes it more convincing that we really hit the bottom.

Like I said, it's more convincing and believable that we finally hit the bottom but still don't be overwhelmed.

Barry's words are encouraging, love it.

I agree, it certainly is looking like a bottom has been found. We have continually tested $6k and even briefly fell below that. The bottom was about $5700 - $5800. The market violently ate up coins in that range and we rebounded back above $6000 within a day. I'm certain with this recent push above $7000 that the bottom has come and gone. If only I would have boughten some coins at that time...

well in bitcoin the "bottom" is not the minimum price that was reached. the bottom is where the support is strongest. which is at $6000. a strong support can also be broken hence the minimum which is lower but since it is strong it bounces back up super fast which is what happens when we try to artificially push the price lower.