Quote from: freedomgo on Today at 09:23:45 PM

Quote from: Houdini76 on June 26, 2022, 08:15:37 PM

Hi

Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.

Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?

what are your thoughts on this? Is a further crash on the horizon?

The market has not recover yet and crypto prices are still declining. Well, what can we expect from a bearish market than to see everything in the market falling apart. And assume that the whole market will even face future crashes if the bear market remains. But regardless how deep the market right now, still we can’t predict the bottom of this price declining. The crypto market remains unpredictable as it is.

Being unpredictable is one of the good thing out of cryptocurrencies. Very few get used to it at the beginning days of using bitcoin. With time they slowly start to understand how things happen with the market. For now more bearish sentiments are around the market. The same can make the market continue its bearish move along with periodic uptrend in the market.

The bottom and the top price of the cryptocurrencies can be well read by the users who are good in understanding the market movements chart. Learning to understand the charts makes a person good to analyse and understand the bottom and top of the market to some extent.