Bitcoin on a recovery mode - page 5.

Kemarit

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Quote from: rhodelmabanal on September 22, 2021, 10:39:53 PM

Quote from: mr500 on September 22, 2021, 10:15:48 AM

Today , In the utmost moment price was $42k which was lower than the previous day .Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Wednesday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash . So it is more difficult to say BTC on a recovery mode .

Well Bitcoin has always go up and down and it is happen repeatedly so for me I don't think much about it's price on how it will recover or continue to drop down,I am always gathering some news or new development to be more updated, Some analysts say any short-term volatility in bitcoin price will ultimately be forgotten as the cryptocurrency rises to new all-time highs at the end of 2021. So I think bitcoin will soon recover before this year end.

That's why it's short term, because the effect is not going to last long. Just like what we've seen when the price dip to a level that is alarming, < $43,000. But it seems that a recovery is on the way, I'm seeing the price moving positive to $44,000.

As for the price at the end of the year, 6 digits is still the target, it might look gleam as this point because we are not even half of it. But a super fast rally around November-December might be enough to push the price to $100,000 so let's see.

rhodelmabanal

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Quote from: mr500 on September 22, 2021, 10:15:48 AM

Today , In the utmost moment price was $42k which was lower than the previous day .Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Wednesday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash . So it is more difficult to say BTC on a recovery mode .

Well Bitcoin has always go up and down and it is happen repeatedly so for me I don't think much about it's price on how it will recover or continue to drop down,I am always gathering some news or new development to be more updated, Some analysts say any short-term volatility in bitcoin price will ultimately be forgotten as the cryptocurrency rises to new all-time highs at the end of 2021. So I think bitcoin will soon recover before this year end.

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The price of BTC is in a big swing, on September 21 it gave a strong downturn, however cointelegraph analysts suggest that it is a good time to buy in the dip, at the moment it is at $ 43.6k:

Quote

If buyers sustain the price above the neckline, it could trap several aggressive bears, resulting in a short squeeze. The BTC/USDT pair could then rally to the 20-day exponential moving average (EMA) ($46,038) where bears may pose a stiff challenge.

Source: https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni

The stage still looks good to enter, although a bearish attack can occur, there are many expectations, because the price some think that it can turn at least $ 50k, in my personal opinion I think that the movement can be given You just have to be patient, I would leave everything in hodl mode, and hope only for the best, whether it is right now or not, I think that the BTC will rise at any time.

mr500

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Today , In the utmost moment price was $42k which was lower than the previous day .Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Wednesday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash . So it is more difficult to say BTC on a recovery mode .

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Quote from: STT on September 20, 2021, 06:49:28 PM

Main markets are set to drop for a few weeks or face uncertain doubts which is quite normal after reaching such heights and extended valuations. I think this is the main reason why BTC has some negative sentiment to its price action, we had already topped out previously and sold off and the present recovery had seemed quite well until this week and negative news out of China.
I look at Dollar index for confirmation of currency strength which is usually the other side of the see-saw and its just fine, falling if anything not stronger apart from prior gains which occurred while BTC rose anyway. Hard to make much sense except to say that Bitcoin will pullback and run through cycles in order to revise its volume, alot of price is speculative back and forth so its to be expected not feared too much imo.

I see there are two indications of the cause of the current decline in market prices besides negative rumors that hit cryptocurrency, there is another one, namely newcomers from institutional investors who want to make short-term profits by selling assets in large quantities when the market price bullrun occurred yesterday and was followed by the amateurs who panic sell so the market is a little shaken. but I predict it won't be too long because the recovery mode will happen soon.

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Main markets are set to drop for a few weeks or face uncertain doubts which is quite normal after reaching such heights and extended valuations. I think this is the main reason why BTC has some negative sentiment to its price action, we had already topped out previously and sold off and the present recovery had seemed quite well until this week and negative news out of China.
I look at Dollar index for confirmation of currency strength which is usually the other side of the see-saw and its just fine, falling if anything not stronger apart from prior gains which occurred while BTC rose anyway. Hard to make much sense except to say that Bitcoin will pullback and run through cycles in order to revise its volume, alot of price is speculative back and forth so its to be expected not feared too much imo.

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Quote from: Rasa nanas on September 19, 2021, 11:34:10 AM

recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

We are taking the different side of the journey, we are dumping and yes the price recovery is slow than expected and we might enter into another Bear market any time from now. Well, we still have the last quarter of 2021 to recover, hopefully Bitcoin can still above $40k, or even $50k much better.

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Quote from: wxa7115 on September 20, 2021, 04:32:53 PM

Quote from: Wiwo on September 09, 2021, 08:43:21 AM

Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Thursday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash.

Right now the price ob bitcoin is trading at 43k but I do not see any reason to get worried about it, this is simply the natural volatility of bitcoin that people that have been here for a long time have come to expect and even like.

After all, if it was not because of that volatility it would be impossible for us to get the results we have gotten over the years, so I suggest that you do not worry about such small movements because if you keep doing so then holding your coins will become way harder and you may end up selling for a bad price.

If in each market movement you'll worry yourself it can lead you to panic, it's normal if you understand the full concept of crypto trading, with very volatile nature of this market you might see more unexpected downfall before the market will try to bounce back and create another strong run. You need to control yourself or better to choose what particular strategy to use in order to enjoy the benefits that this industry is providing you.

Long-term investors will see the dumped as a good chance to buy more for additional holdings, but those who are into daily tradings, they are more on quick spike and they are willing to lose portions of their money in case things will not run according to their setup plan.

wxa7115

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Quote from: Wiwo on September 09, 2021, 08:43:21 AM

Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Thursday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash.

Right now the price ob bitcoin is trading at 43k but I do not see any reason to get worried about it, this is simply the natural volatility of bitcoin that people that have been here for a long time have come to expect and even like.

After all, if it was not because of that volatility it would be impossible for us to get the results we have gotten over the years, so I suggest that you do not worry about such small movements because if you keep doing so then holding your coins will become way harder and you may end up selling for a bad price.

milewilda

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Quote from: Wiwo on September 09, 2021, 08:43:21 AM

Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Thursday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash.

We do have some sell-off now or typical decreases that do really happen on this market.Recovery would always comes after a dump and now we had just some decrease on price on where it did sit out before on 47k+
and now we are in 43k but well these -4k movements isnt something that you would be shocked here on cryptospace.Some people are way too optimistic without even realizing or anticipating that much
that we would reach up certain heights without considering these slumps.It would be surely a bumpy ride on where we should really mind or think about.

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Quote from: sana54210 on September 19, 2021, 02:02:18 PM

Quote from: Rasa nanas on September 19, 2021, 11:34:10 AM

recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

For unknown reasons, bitcoin is still struggling under $50k levels. Probably whales are completely manipulating the going market right now for their own benefits or who knows those institutions might be selling off to catch more lower price levels to enter back in more volume. Yeah, currently bitcoin must be struggling even it is in recovery mode unlike what we have seen in the past.

I'm not ready to agree that the resistance around $50k is still holding on. Because, when people are already experienced ATH above $64k levels then definitely most traders and investors might have cancelled their profit booking orders around $50k levels still we are facing significant resistance around $50k levels which means some unexpected selling off is going on for undisclosed reasons.

If the market will be stagnant at the current price level, I would expect that it will dump in the coming weeks or months, we cannot hold this long because eventually short term investors will sell to move in a moving asset and that would result in a better price of bitcoin where smart investors could buy at the dip. Let's monitor the market closely, as timely actions are necessary for this crucial situation.

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Quote from: Rasa nanas on September 19, 2021, 11:34:10 AM

recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

For unknown reasons, bitcoin is still struggling under $50k levels. Probably whales are completely manipulating the going market right now for their own benefits or who knows those institutions might be selling off to catch more lower price levels to enter back in more volume. Yeah, currently bitcoin must be struggling even it is in recovery mode unlike what we have seen in the past.

I'm not ready to agree that the resistance around $50k is still holding on. Because, when people are already experienced ATH above $64k levels then definitely most traders and investors might have cancelled their profit booking orders around $50k levels still we are facing significant resistance around $50k levels which means some unexpected selling off is going on for undisclosed reasons.

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recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

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Quote from: Ararbermas on September 19, 2021, 10:19:06 AM

Bitcoin nowadays has a lot of good news so expect they can give an impact in the market soon. Indeed most of the analyst saying that this bearish mode will not last long like before as it's keep showing a strong support after the panic selling wherein even during the fork of ADA, bitcoin and some alts are affected to be honest but after 24hours bitcoin showing a good progress from the dip and surge back again .. So for this reason its not surprising if bitcoin suddenly jump and break the current resistance without any sign in my personal opinion.

Lately there hasn't really been any sense. The latest news was the El Salvador launch and Saylor buying more BTC. But that was like what, a couple of weeks ago, which is months in regular stock market time. The reason why bitcoin is doing down now is because the stock markets are getting toppy. The major stock indicies are about a break short term support and might go in for a deeper dip.

The reason why this is important because there is correlation between stocks and btc again. The stock market had a strong sell-off and most likely with covid returning, there might be a deeper pullback, at least until the end of September and most likely bitcoin will follow suite.

Ararbermas

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Bitcoin nowadays has a lot of good news so expect they can give an impact in the market soon. Indeed most of the analyst saying that this bearish mode will not last long like before as it's keep showing a strong support after the panic selling wherein even during the fork of ADA, bitcoin and some alts are affected to be honest but after 24hours bitcoin showing a good progress from the dip and surge back again .. So for this reason its not surprising if bitcoin suddenly jump and break the current resistance without any sign in my personal opinion.

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Quote from: Furious 7 on September 18, 2021, 10:00:39 AM

I didn't expect yesterday's flash crashes to make me think about buying back and holding on to my hand, but the results are indeed good. I hope this recovery will continue for a long time until ATH can be broken.

If I would have left some more funds available for investing with bitcoins for long term holding, then I might have bought to enjoy the current recovery phase but unfortunately I left nothing to invest more with bitcoins hence I just needed to be watching the beauty of bitcoin recovery toward a new ATH. Honestly I have enjoyed such a moment many times since 2016 and this way I am sure we are going to test $100 in few weeks and then prices may double within a month.

Overall, we cannot completely say that bitcoin is into recovery mode because it never breached its this year's low anyhow but people assumed about bearish mode when bitcoin was hitting $28k levels but in my opinion it is just part of bullish mode and we are still in bullish trend since the January of this year.

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Quote from: Shasha80 on September 18, 2021, 10:58:59 AM

So if the price of Bitcoin is slowly rising right now, some altcoins are starting to go up too. Luckily for investors who previously hold Bitcoin and some of the top altcoins, now they are starting to smile.

Actually whenever bitcoin price goes up, shitcoins get dumped against it and usually hard. And in the end when you compute your net profit you'll realize that if you had held bitcoin only the fiat value of your wallet would have been a lot more compared to when you held bitcoin and altcoins.

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Quote from: Furious 7 on September 18, 2021, 10:00:39 AM

Quote from: MrcMrc on September 18, 2021, 01:18:35 AM

Bitcoin has given investors a long period of buyback as the recovery phase has lasted for a while now which is the best opportunity to fill the bag before the next jump happens, checking Bitcoin price at the moment it has already recovered back to 48k this shows one thing! Bullish signal I don’t know when the bull will be, but am certain it won’t take long for that to happen.

The bullish signal is already visible and shows green, even I have filled some of my bags before bitcoin recovered to $50k and above, and if this wall is broken then my belief of $60k will be achieved as well.
This is indeed a good cycle, I didn't expect yesterday's flash crashes to make me think about buying back and holding on to my hand, but the results are indeed good. I hope this recovery will continue for a long time until ATH can be broken.
I've also seen some pumping in altcoins too now that's been happening a lot.

Bitcoin price increase of 6% compared to a week ago to me not only shows Bitcoin is recovering, but it is a sign that Bitcoin is starting to get
bullish again. A good move is not only holding, but by buying more Bitcoin before the Bitcoin price rises again above $50k. Because as you predicted,
it is very likely that the price of Bitcoin managed to rise again above $50k in the near future. Then Bitcoin will return to the price of $60k, this is
what I really hope to be true. It's no wonder some altcoins prices are also rising now, because most altcoins are indeed affected by Bitcoin
price movements. So if the price of Bitcoin is slowly rising right now, some altcoins are starting to go up too. Luckily for investors who previously
hold Bitcoin and some of the top altcoins, now they are starting to smile. because it will soon be able to generate large profits.

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Quote from: MrcMrc on September 18, 2021, 01:18:35 AM

Bitcoin has given investors a long period of buyback as the recovery phase has lasted for a while now which is the best opportunity to fill the bag before the next jump happens, checking Bitcoin price at the moment it has already recovered back to 48k this shows one thing! Bullish signal I don’t know when the bull will be, but am certain it won’t take long for that to happen.

The bullish signal is already visible and shows green, even I have filled some of my bags before bitcoin recovered to $50k and above, and if this wall is broken then my belief of $60k will be achieved as well.
This is indeed a good cycle, I didn't expect yesterday's flash crashes to make me think about buying back and holding on to my hand, but the results are indeed good. I hope this recovery will continue for a long time until ATH can be broken.
I've also seen some pumping in altcoins too now that's been happening a lot.

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Quote from: Wiwo on September 09, 2021, 08:43:21 AM

Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Thursday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash.

This often happens in the market for the price of all coins, the sharp decline does not occur only once this year, but it has little effect on the decline in the price of bitcoin and other coins, because in a short time everything will return to normal as before, even this year bitcoin has Surprisingly enough, from the previous price to be more increased, market conditions like this are almost rare for bitcoin from the previous two years.

recovery mode is common these days and as an investor of course you need to react to market prices wisely. There is a lot of confusing information about bitcoin's growth in September, some of which are trending assuming that bitcoin will be a bullrun for a long time, while other sources indicate that bitcoin is entering a recovery phase against the previous correction. therefore, be smart in taking opportunities in the recovery phase like now.

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