Quote from: simongoat on October 05, 2018, 02:10:29 PM

A lot of technical analysis experts say that bitcoin could quite easily go down to $5,700. It if goes down further it will fall through support and really drop! TA isn't always right though and a lot of experts say different things. Personally I think we've hit the bottom. Time will really tell though.

I still do not believe myself that we have reached the bottom and there could still be some slight chance that we might see the market trying to go test the lower buttons eventually, but that is something I have always leave time and trend to decide and all we can do is wait to see how things will turn out. We have seen the $5700 - $6k region hold up as a very strong support for a while, but until we are able to start a higher high and a higher low before we can really know if there is a chance to see the market switch to an uptrend. Whether it has reached the bottom or not, we will get to know with time.

Quote from: boyptc on October 05, 2018, 11:41:34 AM

Not sure if it already did but here again are those experts that are predicting that $3,000 - $5,000 should be the bottom.

I disagree, not all of the speculations are true.

Well, there is nothing to disagree or agree here as everything just balls down to what the market brings to us in the end and all we can do is to be patient and see how things turn out. No one can see the future, so it is best we leave it there, but at the same time, we can be optimistic based on what we are seeing at the moment and in that case, we just have to hope for the best and expect the worst at the same time, because the market can decide to tend to any direction at this point, and all we can do is just react to it when it comes.