Buying dip immediately becomes a nightmare when cryptocurrency prices fall further and the bear market continues its inception. However, recent declines show that current prices may be a good entry point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question – does the bottom exist?

From preparing for more impact and waiting for Bitcoin (BTC) prices to drop to hoping for the continued fun that comes as the bull market continues, members of the crypto community have shared their thoughts on cryptocurrency prices.

Some Twitter users are convinced it’s not the bottom yet. One community member responded, saying that people should be prepared for bitcoin to go down. “This winter is going to be tough,” they wrote. Despite sharing the feeling that it hasn’t arrived yet, another user on Twitter shared a more positive sentiment, saying they’ve only cashed out some winners and are waiting for what’s next.

Meanwhile, a community member who wrote “shitcoin maximalist” in his Twitter bio responded to the topic in a cheerful way but apparently tired of the crypto crash. They tweeted:

Regardless, another member of the community also responded with the hope that the recent price drops are already at the bottom. According to the community member, unless BTC price leaves the $25,000 mark, traders will not know if the current price is really bottoming. However, the trader hopes that will be so so that “the fun can resume.”

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In September, the analysts discussed the Bitcoin bottom line and presented their thoughts in the Twitter space hosted by Cointelegraph. In the talk, Joe Burnett, an analyst at Blockware Solutions, said there are many factors putting pressure on Bitcoin, including the government’s attempts to combat inflation.

Source: CoinTelegraph