This may have been the bottom for Bitcoin

You always have to keep a hand on your arm. But it looks like Bitcoin has bottomed out.

Slowly but surely Bitcoin is climbing again. It is certainly not going fast, but it now seems that the most famous cryptocurrency in the world has reached a bottom.

That bottom is below $18,000. Bitcoin bottomed out on June 18. So last Saturday. Since then, BTC has been slowly rising again. For a few it happened that the price was given a back test. However, there was enough confidence to keep the price where it is now.

Bitcoin bottom

Yesterday the $20,000 wall was briefly broken. That was short-lived, however. There seems to be a solid foundation on the 20k. An indication that the bottom has been.

Now your exhausting over a bottom is always dangerous. After all, you don’t know what’s around the corner. Bad news for the market could still cause BTC to fall further. Hence the word ‘possible’ in the title. So always keep your arm around