Quote from: Taskford on June 22, 2022, 12:29:28 PM

Quote from: BlackBaron on June 22, 2022, 07:06:37 AM

Some of the members have already speculated $17,600, that's the bottom or there's another time we never imagined.

I understand Bitcoin once in four years there is a change in terms of price, before the next ATH occurs, my understanding and my belief is that this is not the end of the bear market, there is still a continuation, I don't know how much we'll see.

But we don't know that there prediction is exact to what's going to happen on the market because even if we are quietly have some little pull ups still it will never give any guarantee that the $17,600 is the last dip we can see. Maybe there will be more as the target of other speculators is at more bottom of $17k or more.

I believe that we could be reading too much into this, I mean if we are thinking about the price recovering to a high level, eventually it will be enough to call it a profitable one, and won't go back to bottom.

Sure there are levels to this, just because you reach 23k doesn't mean you won't go back down, but if you reach let's say 33k, it sounds like it would be hard to go back down right? Or go to 43k? That would be still "possible" but definitely not likely. Which means that there is a number where we can go up, and then say that we won't find any lower bottom and that was it. We will not be sure if that was the bottom until we reach those prices, but we will know when it happens.