How to Spot Crypto Market Bottom Easily?

One of the most challenging tasks cryptocurrency investors face is how to spot crypto market bottom. Bitcoin has seen its value rise to a record high of $64,990, but where the digital currency is headed next is an open question. Crypto market experts believe that a market crash is imminent and cryptocurrency investors should be prepared to watch for indicators of a market bottom.

Market bottom is the lowest point in price for a security over a given time frame before a new uptrend has started. In 2018, crypto hit market bottom after an unprecedented boom-and-bust cycle also known as the Great Crypto Crash.

Timing market bottoms is a daunting task, but you can reap huge profits by buying low and selling high. Stock investors have earned huge profits since the COVID bear market bottom. Hunting for a bottom has also benefited oil traders who bought the bottom after the historic oil price crash of 2020. The crypto winter of 2018 also rewarded HODLers and crypto enthusiasts who bought the bottom. That’s what “buying the dips” investment strategies are all about.