Post
Topic
Board Speculation
Re: do u think the BTC bottom is in...?
by
laurenB7742
on 16/08/2022, 04:07:55 UTC
I still think bitcoin's price haven't reach the bottom yet on this market cycle. We all know that many countries are facing an economic crisis right now so the possibilities of a dump this time is higher than just a normal bear season. It's too early to tell that a bull run will begin again soon with these worsening issues. Though the current price of bitcoin is a good buy to me now but will not suggest going all-in due to market uncertainties.

This is also a hypothesis that many people are interested in, the market depends on the economic situation a lot so we can't say we have the lowest bottom here at 17k $. The longer the war lasts, the less inflation can fall below the allowed level, so in my opinion, the market will have more fluctuations in the near future.

However, this August and September we have good news because inflation is starting to decline, and ethereum is at the central point of the market, so we can enjoy for 2 months.