Bitcoin's break above $20,000 has investors wondering if the crypto bottom is in. Here's what analysts say

[AJBot]

Cryptocurrencies are on pace for their usual "Uptober" gains and the recent low volatility looks a lot like the start of a new bull run. ...

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[Shaffy]

It seems more likely that we may visit the $13 k region or even break below it before we get to the bottom. Things went from bad to worse with the FTX mayhem, but perhaps there can be a relief rally for a while this December.

 

[Sotherefore]

Breaking of 20,000 support is something that happened a few months ago but now currently it is around 16,000 dollars but I believe the price might even drop lower as long as it has broken the sixteen thousands support i thought was the bottom .

 

[Kvngsammy]

The predicted bullish run didn't occur as planned and this is one of the reasons why I'm so skeptical about crypto currency. Only yesterday, a whale moved over 120,000 BTC that caused the internet space to panic.

 

[Sincerem]

So many things control the movement of cryptocurrency and not only based on technical analysis. Even with that I think it is still the best time to invest as the market may not likely drop much for the.

 

[Genie011]

We are currently in a bearish market and it is most likely that Bitcoin could continue its bearish trend due to the nature of the technical and fundamental factors in play.

 

[Shaffy]

We are currently in a bearish market and it is most likely that Bitcoin could continue its bearish trend due to the nature of the technical and fundamental factors in play.

There may be a short relief rally from what we are seeing now before we plunge deeper to establish a bottom. Most people are still skeptical about this being the bottom and are waiting for lower prices.

 

[Genie011]

There may be a short relief rally from what we are seeing now before we plunge deeper to establish a bottom. Most people are still skeptical about this being the bottom and are waiting for lower prices.

That is why as an investor, it is advisable to not follow the park.
A quote from Warren buffet:
"Be fearful when others are greedy and be greedy when others are fearful" stands excellently true in Investments

 

[Shigobad20201]

That is why as an investor, it is advisable to not follow the park.
A quote from Warren buffet:
"Be fearful when others are greedy and be greedy when others are fearful" stands excellently true in Investments

The quote is enough to teach greedy people a lesson about not going more further when you think its time for you to stop , greediness kills most especially during investment.