Bitcoin is recovering - page 10. | Bitcointalksearch.org

livingfree

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Quote from: kentrolla on November 25, 2021, 02:59:13 PM

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It is typical.

We all are going to see the same of such move for bitcoin. If it came from a correction, eventually, it will recover. As for the new ATH, we don't know.

As long as it gets to recover and that's already good to me.

NeuroticFish

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Quote from: kentrolla on November 25, 2021, 02:59:13 PM

What's your opinion

First thing to say is that this would belong to Speculation and maybe it would be a good idea you move this topic there.
Second, many TA people on twitter say that we had a falling wedge and the breakout is starting.

Although there were quite some loud signals to spread fear - unrealistic (imho) expectations on the MtGox bitcoins getting returned fast and dumped, the fake news about Bitcoin ban in India - the expectations from the price are high. Far too many expect 100k. And with the electricity getting more expensive in many areas of the world, I expect Bitcoin price will rise.

But I will be fair: I don't know what's next. Bitcoin price loves to go up-and-down-and-up-and-down-again.

Vaskiy

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Morning my inner mind said the price is gonna rise. I've experienced it many times. Whenever I cashout bitcoin the price used to grow. Today I sold when the price was around $57k, and then on the price has increased and now it is around $59k. As mentioned in the previous quote, it is the momentum for the December month. Everyone are hoping for a crazy $100k, but this time it doesn't work. If I'm not wrong the price will decrease by the falling year and we could touch $100k by 2023

DarkDays

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Quote from: kentrolla on November 25, 2021, 02:59:13 PM

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It might just be setting the momentum for December. Historically, December has always been a time where the markets were in green, of course now it's a little different since adoption went the way since same time last year but these patterns tend to repeat themselves.

Let's see how it plays out, hopefully reaching that new ATH and BTC closing in on that 100K. It is not all that crazy Cheesy

could easily happen

kentrolla

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Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Topic: Bitcoin is recovering - page 10. (Read 1587 times)