This Is Worst Possible Bitcoin Bottom In Current Market Cycle?

[AJBot]

While the cryptocurrency market anticipates the Ethereum Merge, Bitcoin appears to be struggling to find momentum. There are high chances of a blanket impact on all cryptocurrencies from the shift to proof of stake. However, even if there is a ripple effe ...

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[Shaffy]

It seems like a lot of traders and investors in cryptocurrency do not believe this to be the bottom for this cycle. This article also says same. However the recent price action within a range may also suggest a short term bottoming before further breakdown.

 

[Bousine123]

I see possiblity in the crypto currency market for top coins to rise due to high demand and also the rising inflation in the world, coins like bitcoin, Ethereum ripple coin, doge coin and many more are doing great.

 

[Chibson]

It seems like a lot of traders and investors in cryptocurrency do not believe this to be the bottom for this cycle. This article also says same. However the recent price action within a range may also suggest a short term bottoming before further breakdown.

I believe we will be in the circle till around January next year. A lot of people are waiting for bitcoin to go down to about $14.5k, which may not occur. Currently, the global inflation actually has to be settled before there will be any serious movement.