had dropped to $ 3800, now Bitcoin is recovering at $ 7000, an increase of almost $ 5000 in a few days, but you must be careful, because the market is still very bad, corona virus is still not gone, I'm sure the price of Bitcoin will go down again before halving begins
I hope this increase can last. I think the price is currently approaching $ 7,500. however, it is still too soon to be happy, because sometimes when the price of bitcoin reaches $ 7k, many people want to sell their assets and cause the price to drop to $ 6k again. 
Topic: Bitcoin recovering - page 3. (Read 842 times)
had dropped to $ 3800, now Bitcoin is recovering at $ 7000, an increase of almost $ 5000 in a few days, but you must be careful, because the market is still very bad, corona virus is still not gone, I'm sure the price of Bitcoin will go down again before halving begins
Looking pretty sunny right now, very optimistic outlook with a break past previous resistance and we approach 50 day average and its not even a month from the main sell. However I dont believe in fairy tale endings so I expect a dragon to appear :p
I think in the next 2 weeks will be critical for bitcoin. The daily RSI might indicate that we might see some buillshness and that it could happened in the next couple of days or weeks. However, the long term case for bitcoin remains very positive and we might say that the Covid-19 pandemic really made bitcoin more stronger than ever. So let's see if we could see a rally above $7k, which is the current resistance levels.
The daily rsi is now above the 50 area and for me it is considered as bullish, but there is a major resistance at around $7000. You can see that there are many wicks there and it indicates that the selling pressure is high and there is a big possibility that anytime that the price of the bitcoin reached that area, we can see strong bounce that can cause of the decline of the price of bitcoin. 
Of course it will depend on people to keep the ecosystem running. But as far as recovering, we really can't say what's going to happen next month as this will be critical for the markets around the globe. Do we have the initial vaccine that time? I'm sure everyone will react positively if World Health Organisations will report that a vaccine has discovered, otherwise we might see the price going to $3k-$4k prior to halving.
we have done 4k so i hope that's the bottom price.Recovering?yeah because after falling that Low now we are seeing closing to 7k value as CMC recorded now.
https://coinmarketcap.com/
but prior to halving?we are 1 month before the event yet nothing seems very good so lets just Hope for Miracle that halving will give as Bull market even we are in this condition.
I think in the next 2 weeks will be critical for bitcoin. The daily RSI might indicate that we might see some buillshness and that it could happened in the next couple of days or weeks. However, the long term case for bitcoin remains very positive and we might say that the Covid-19 pandemic really made bitcoin more stronger than ever. So let's see if we could see a rally above $7k, which is the current resistance levels.
The wider picture is we are in the area of december lows so I think this is the place where more challenging action will occur.
Shorter term picture here, we see the sharp pin which shows resistance is in play apparently. Yellow bar is a 33 day average which if we can pass and confirm above is some positive, however I just consider this price to be neutral at best. Its gone sideways and it is staying above 2 day average for the moment which shows some positive energy still but as we move into the week we'll have pressure to perform or I expect some weakness or sell to occur as a test.
Shorter term picture here, we see the sharp pin which shows resistance is in play apparently. Yellow bar is a 33 day average which if we can pass and confirm above is some positive, however I just consider this price to be neutral at best. Its gone sideways and it is staying above 2 day average for the moment which shows some positive energy still but as we move into the week we'll have pressure to perform or I expect some weakness or sell to occur as a test.
I don't call it as panic, it's juts a minor dump and bitcoin is not back at $6100, with that price, I am comfortable that it we are in a strong level of support.
Bitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
in addition, after the decline, the price of bitcoin has always recovered. what we need to realize is that at the moment the price of bitcoin is still quite stable at $ 6k, and has not yet shown a lower or higher price. I'm guessing that prices will go up and down only around $ 6k. besides, after the decline, it looks like the price of bitcoin will again be above the $ 6.5k priceBitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
Bitcoin has recovered but it has not fully recovered from where it has dump. Prior to the dump that make bitcoin reached $4100, it was trading at $7700, so compared $7700 to the current price, we still need some uptrend to get back on the original price.
We cant say that this one isnt a recovery since we have seen some progress on its price if we do compared on lowest low for this year and at least for those who bought
on the dip did already make some profits. As a trader- no matter what kind of situation the market has, you can utilize those movements to make up some money.
I will not consider it as recovering until it goes beyond 8k, these temporary pumps cannot be calculated as recovery. Right now the market is very volatile, the next two 2weeks will be the decider.
As halving is expected to be in May the price may similarly increase but still anything can happen because the current situation looks like it will be very hard to see a pump due to corona scare.
As halving is expected to be in May the price may similarly increase but still anything can happen because the current situation looks like it will be very hard to see a pump due to corona scare.
I don't call it as panic, it's juts a minor dump and bitcoin is not back at $6100, with that price, I am comfortable that it we are in a strong level of support.
Bitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
in addition, after the decline, the price of bitcoin has always recovered. what we need to realize is that at the moment the price of bitcoin is still quite stable at $ 6k, and has not yet shown a lower or higher price. I'm guessing that prices will go up and down only around $ 6k. besides, after the decline, it looks like the price of bitcoin will again be above the $ 6.5k priceBitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
Bitcoin has recovered but it has not fully recovered from where it has dump. Prior to the dump that make bitcoin reached $4100, it was trading at $7700, so compared $7700 to the current price, we still need some uptrend to get back on the original price.
I don't call it as panic, it's juts a minor dump and bitcoin is not back at $6100, with that price, I am comfortable that it we are in a strong level of support.
Bitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
in addition, after the decline, the price of bitcoin has always recovered. what we need to realize is that at the moment the price of bitcoin is still quite stable at $ 6k, and has not yet shown a lower or higher price. I'm guessing that prices will go up and down only around $ 6k. besides, after the decline, it looks like the price of bitcoin will again be above the $ 6.5k price Bitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
Yes, it is recovering. But we can not say it already recovered / the matter of time to recover. Because we can see another dump any time. Market is now out of control actually. If suddenly the price dump 200-300$ in short period then another panic might be started again.
panic has begun, today Bitcoin dumps $ 100 again, and survives at $ 5900, I hope $ 5900 is a strong support that must be met, otherwise the panic will make the price of bitcoin fall deeper, hopefully all is well, keep healthyBitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.
Yes, it is recovering. But we can not say it already recovered / the matter of time to recover. Because we can see another dump any time. Market is now out of control actually. If suddenly the price dump 200-300$ in short period then another panic might be started again.
panic has begun, today Bitcoin dumps $ 100 again, and survives at $ 5900, I hope $ 5900 is a strong support that must be met, otherwise the panic will make the price of bitcoin fall deeper, hopefully all is well, keep healthy
$6.5k right now. This is half of the 0.618 level in the fibo sequence. No, this is not a recovery, its just another bull trap. And its moving slow, as always did during this long bear market.
Remember the fibo sequence was extensively used during the bull market, and now is ignored. Why? Because anyone with half a brain can use it to check whether bitcoin is recovering or not, and at the moment, its not.
Remember the fibo sequence was extensively used during the bull market, and now is ignored. Why? Because anyone with half a brain can use it to check whether bitcoin is recovering or not, and at the moment, its not.
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Yes, it is recovering. But we can not say it already recovered / the matter of time to recover. Because we can see another dump any time. Market is now out of control actually. If suddenly the price dump 200-300$ in short period then another panic might be started again.
$3,000 level might not be reasonable, but definitely possible. If Bitcoin block halving happens to be not happening this year, the price could've been worse than what we are seeing today.
i disagree. mainly because halving effects that you are talking about are only hype-based and that only lasts a very short time. which is mostly 1 or 2 months before the halving not all year long. but also because we have already had a nearly 50% drop, it doesn't get any worse than that! if the halving hype was in effect the price should have fallen about 20% tops. any more drop than this is extremely hard and requires a lot of manipulation.
What people do not realize that, if one person can sell 100 million dollars worth of bitcoin all at once and drop the price, they could continue to pay 5 million dollars a day without increasing the price too much, so they end up having a lot more bitcoins but same amount of dollar investments usually.
@reid Or perhaps be NOT aware of what's happening in the world. If anything, it was all this awareness of what was going on, combining with all the misled belief that Bitcoin would do well if the rest of the world went to hell, that led to all this panic selling. Thinking long term for me is still the right way to do it. And long term, the existing system of money and finance needs a reboot. Bitcoin is that reboot. Just not everyone's caught on yet.
Oh, that's good. I didn't though about that.
Maybe I became focus of current events because of threads that are being created here in the forum which connects everything with bitcoin.
Sorry about that. I have been dragged by them or drugged.
I love what you said at the last part. "Bitcoin is that reboot." Wow! That is deep if deep thoughts will be given.
Can we really see a world with bitcoin as a normal payment? I would really love to see that while my sight is still working well.
If the COVID-19 panic continue while no vaccination is detected there's totally the chance of bitcoin market to downtrend to the $3000 even during halving because more business will be close including some other activities and some crypto investors/traders will have no choice than to sell some of their holding.
There is still another month to find a vaccine to treat Covid-19 because halving will occur in May I think there is still time for scientists to find it.I do not expect bitcoin will fall again to the bottom let alone reach $ 3000. Let's see what will happen even though there is a lockdown happening in various countries, but they are still confident about bitcoin that will be able to fly high to go up.
If the COVID-19 panic continue while no vaccination is detected there's totally the chance of bitcoin market to downtrend to the $3000 even during halving because more business will be close including some other activities and some crypto investors/traders will have no choice than to sell some of their holding.
There is still another month to find a vaccine to treat Covid-19 because halving will occur in May I think there is still time for scientists to find it.I do not expect bitcoin will fall again to the bottom let alone reach $ 3000. Let's see what will happen even though there is a lockdown happening in various countries, but they are still confident about bitcoin that will be able to fly high to go up.
If the COVID-19 panic continue while no vaccination is detected there's totally the chance of bitcoin market to downtrend to the $3000 even during halving because more business will be close including some other activities and some crypto investors/traders will have no choice than to sell some of their holding.
There is still another month to find a vaccine to treat Covid-19 because halving will occur in May I think there is still time for scientists to find it.I do not expect bitcoin will fall again to the bottom let alone reach $ 3000. Let's see what will happen even though there is a lockdown happening in various countries, but they are still confident about bitcoin that will be able to fly high to go up.
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