Post
Topic
Board Trading Discussion
Re: Bottom For Bitcoin?
by
Myleschetty
on 17/06/2022, 18:40:17 UTC
What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

It is not possible to accurately predict the price of Bitcoin. But an investor can take a new position by looking at the history of the market, because the market must repeat its history, which Bitcoin has done in the past. So now Bitcoin can be bought for the future, because Bitcoin can be called an important area in the price area now. So it's hard to find out if it's Bottom, but it can be a good opportunity to buy Bitcoin and prepare for the next bull market position.
Yes, no one can predict the precise price of the Bitcoin market and it is also difficult to know if the market has reached its final bottom price but speaking of the history that you cited early.
History shows that during the market correction Bitcoin always loses at least 80% of its ATH price. If the Bitcoin market reproduces the same 4years market price we haven't reach the bottom price