Not so much though is it? I mean yeah we have gone up this week which is a great feeling, it was under 45k and now it is over 48k and that's great. However if you realized it, the price stayed here, it is not going anywhere and I feel like 50k+ is so close yet so far. We should not be really doing anything that would be shocking to the world, it is just 50k, we all expect it, then why did it go to 48k and then stayed there, why did it failed to go to 50k?
I really want to know what will happen but I feel like the results may not be as great as we hoped it might be. Obviously there is a good chance we could still go up a lot, we could be even 70k who knows? Nobody can guarantee which direction it will go let alone the price and the date however the current situation shows that there is a good chance we may not end up with something profitable for a while.
Topic: Bitcoin on a recovery mode - page 6. (Read 822 times)
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.
For sure, this moment is something that the investors will not let go of without buying bitcoin. Maybe it is a recovery mode but we do not know if the price will increase in the next week but it could be possible because sometimes, the price needs to correcting the price in the weekend. So I consider that this time is the correction time which can lead the bitcoin price to have another rally in the next week. But if the price is still going down below $45k, we will see another dump for bitcoin price. Just be careful with anything that can happen to bitcoin and maybe leaving the crypto market will be a good idea to see what will happen later.
What I'm thinking right now.. obviously it's only temporary and I think that at this point.. could be a new entry. It will definitely recover, it's just that time will answer all of that with various things that can affect it. After a sharp decline, there must be a sharp rise, don't be too worried about this. Hopefully, traders can deal with situations like this as well as possible, the real traders won't be panic
It's temporary, like any other dips and skyrockets in the market, it's a temporary thing so it's unlikely that we would see a long year decline plus we have to think of this situation like an arrow being pulled back so it can go the distance. Just hodl and wait for your profit to grow more that you'd expect. 
Indeed, it is on a recovery mode now. But it is still struggling to reach higher levels. It looks like the price correction period is still continuing. As you can see in the photo, it went down to even $44.3k in the last 24-hour time period. After leaving the price correction behind as soon as possible, it will enter a full recovery mode I believe. I hope to see at least $60k at the end of this month. But considering the current condition, I might be just dreaming.
It seems the bearish sentiment is starting to wane as buyers fueled a relief rally from the shakeout low around $46,000. Bitcoin is up about 4% over the last 24 hours, but is still down about 8% over the last seven days. The broader uptrend is weakening but the price must stay above $45,000 to maintain the bullish outlook. Despite the short-term bullish signal, the ongoing bounce looks corrective. Therefore, it is unlikely to be a bullish trend reversal.
People had strongly believed that Bitcoin will recover shortly after some correction, we've never see panic selling unlike before and this it helps for the fast recovery. What I think is we are on the way to go to reach $60k again before we end this year. I'm certainly optimistic about this as we know that the majority are in holding.That probably in the next Bullrun will reach $100k when the market situation remains like this.
It seems the bearish sentiment is starting to wane as buyers fueled a relief rally from the shakeout low around $46,000. Bitcoin is up about 4% over the last 24 hours, but is still down about 8% over the last seven days. The broader uptrend is weakening but the price must stay above $45,000 to maintain the bullish outlook. Despite the short-term bullish signal, the ongoing bounce looks corrective. Therefore, it is unlikely to be a bullish trend reversal.
What I'm thinking right now.. obviously it's only temporary and I think that at this point.. could be a new entry. It will definitely recover, it's just that time will answer all of that with various things that can affect it. After a sharp decline, there must be a sharp rise, don't be too worried about this. Hopefully, traders can deal with situations like this as well as possible, the real traders won't be panic
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.
no its not, it even drops low in the following days https://coinmarketcap.com/currencies/bitcoin/
and looking at the graph there are no even a small indicator that we are seeing to be pumping in the next few days or weeks.
so maybe we will see more of this dumps in the following days .
Hoping wont fall down to 20k level again at least not this month.
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.
that's bitcoin volatility. Bitcoin market corrections always occur anytime in seconds, minutes, hours, days, months, years, all crypto markets, especially bitcoin, will experience downward and upward corrections. so I don't think this is a surprise for bitcoin. the most important thing is don't miss the bitcoin moment when the green light 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.
I expected the price drop, because of the 200 btc purchased by El Salvador, the 200 btc is being dump by the seller so it has a big effect on the price, but I believe that the dropping of price will not take long it will surely recover, because after the huge drop another news is being stablish a bullish news from the Ukraine because Ukraine now legalize Bitcoin let us all wait and see the effect of this news. This is not the reason why it crashed all the way down to $42K. Sure those 200BTC will be redistributed to poor people and many of them will most likely sell it to buy groceries or just sell it for cash. However it won't happen all at once. Some of them might even hold it thinking bitcoin will hit $100K eventually sometime in the future. So its not the cause for the drop.
We already knew the day it would be legal tender. I think just people, especially those on Reddit, all said they would buy $30 worth to mark the special day. Maybe it was nothing more than a buy the rumor and sell the news. However I just think the market was way overleveraged again because we had a very strong recovery from $28K and way too many people opened long positions using the futures market which is all highly leveraged.
When bitcoin dumps up to 10%, panic always happens to every crypto user, especially bitcoin trader. Whatever happens in the crypto market, Bitcoin is still bitcoin, and so far bitcoin has always been able to break the slanted issue made by some people who do not support bitcoin. Corrections will always occur in the crypto market, it is unavoidable. Excessive panic will make it difficult for us to think clearly, thus making some traders regret not being able to control their emotions when the bitcoin price slightly corrected.
With all the positivity news flying across, news like the one of El salvador, Ukraine, Cuba etc.. I think bitcoin is rebounding soonest and I wouldn't agree it has dip a little as it still maintain the stability.
Let's see, specially about the Ukraine news which is recent. I agree that bitcoin is rebounding quickly and there's no more bloodshed, or at least it has stop and settled down. But for newbies, they might feel nervous and panic seeing the price sliding very quick.
So let's wait, for sure we are looking at the price rebounding again to $50k or even more. Others said that September tends to be a not good month for bitcoin, but crossing fingers, we wanted to see hit at least $50k at the end of the month.
With all the positivity news flying across, news like the one of El salvador, Ukraine, Cuba etc.. I think bitcoin is rebounding soonest and I wouldn't agree it has dip a little as it still maintain the stability.
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.
It fall on the support level of $43k, that's why we have a good recovery after, but I speculated that if it fall further, we might see another huge dump, luckily, it didn't so we are in the road to recovery now.
As others mentioned, this is how the market moves, will not go parabolic obviously, as there will be humps along the way, nevertheless, the end goal is what important here, bitcoin might reach all new all time high at the end of the year.
very shocking hit this week , the 10% decline in bitcoin impacted all coins , but the bitcoin recovery is very good the price has returned to 45k $ now , and I'm sure in the next 2 weeks bitcoin will reach 54k $ again
and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again
Panic to take profit its fine and then buy again at a cheaper price, this could be more profitable if you do it right. The price drop is indeed unexpectedly, but we can’t do anything about it anymore just focus and buy good projects because this can be the last opportunity to buy at a discounted price. and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again
very shocking hit this week , the 10% decline in bitcoin impacted all coins , but the bitcoin recovery is very good the price has returned to 45k $ now , and I'm sure in the next 2 weeks bitcoin will reach 54k $ again
and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again
and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again
algorand did okay.
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.
Something normal and not really that a serious thing to look upon. 10% is just a normal swing here on this market and if you are just new then better get used to it because you would see swings which is more wild thanthe recent one.
Recovery is something in default knowing that Bitcoin could always recover after a certain decline of its price.When we do talk about crash then this is something in between 15-20% on the worst
but talking about 10% decrease on a day is just a normal day here on crypto specially with bitcoin.Instead of panicking, its better that you should see this as an opportunity.
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 actually happens everytime there's a huge pump, but the crash that occured lately was giving us the opportunity to thrive for another gains. Let's observe one to two weeks later if this current recovery will continue to ponder, because when we fail to have $50k back again I guess price will stay at $47k.
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 is somehow expected to be happen since eventhough there's a upsetting dump happened the recovery phase always happen since whales or even low cap traders are starting to buy back at the dev or close to support level that's why we are seeing back bitcoin slowly pumping up and what good thing in bitcoin we should need to afraid on the dumps since a huge chances for it to bounce up again is huge since this is more adopted and most used coin on crypto.
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