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The Crypto Community Shares Its Thoughts on Bitcoin (BTC) Price Background

The Crypto Community Shares Its Thoughts on Bitcoin (BTC) Price Background

Buying the bottom immediately becomes a nightmare when cryptocurrency prices fall even lower as the bear market continues to rise. However, recent declines indicate that current prices may provide a good entry point for traders. To find out what the public thinks, Cointelegraph demand to answer the following question on Twitter: has the bottom of the wave been reached?

Could you stop jinxing my short posts?
— Stock Trader (@stoic_traders) September 22, 2022

Whether it’s bracing for more impact and waiting for bitcoin (BTC) prices to drop or hoping the fun that comes with a bull market continues, members of the crypto community shared their thoughts on the cryptocurrency price floor.

Some Twitter users are convinced that this is not the bottom yet. There is a community member answered saying that people should be ready for bitcoin to go even lower. “This winter will be hard,” he wrote. While the opinion was shared that he is not at the bottom yet, another Twitter user expressed a more positive vibe, saying that they were justcollect a few beneficiaries and they are waiting for the rest.

Meanwhile, a member of the community who marked his Twitter feed as “max shitcoin” responded to the thread enthusiastically, but seemed tired of the cryptocurrency crashes. He tweeted:

This is the lowest level since 550 crashes now, but it may not be the bottom.
— MegaFish (@MegaFishest) September 22, 2022

Another member of the public also responded with the expectation that the recent price reductions are already at an all-time low. According to this community member, until BTC price crosses the $25,000 mark, traders will not know if current prices are really at their lowest level. However, the trader hope let this be so that “the fun can resume”.

Also read: NFT Reddit avatars sell for gold on OpenSea

In September, analysts discussed the fundamentals of bitcoin and given their opinion in a Twitter space hosted by Cointelegraph. In the discussion, Blockware Solutions analyst Joe Burnett said that many factors are putting pressure on bitcoin, including the government’s efforts to fight inflation.

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