On this chart its regained 2 day average but also more significant is the weekly average is a serious challenge to downtrend and we can examine if will break the prior range at the bottom prices above 50 week average.
Topic: Bitcoin starting to recover - page 2. (Read 700 times)
Its regained some after putting in a higher low but a proper recovery is going to take action on daily bars I think and for that we'll have to wait till Tuesday when all markets are open again.
On this chart its regained 2 day average but also more significant is the weekly average is a serious challenge to downtrend and we can examine if will break the prior range at the bottom prices above 50 week average.
On this chart its regained 2 day average but also more significant is the weekly average is a serious challenge to downtrend and we can examine if will break the prior range at the bottom prices above 50 week average.
It's still unstable, I see the current step of bitcoin still wants to make up for the high level of at least 40k to guarantee that this can recover as long as it can be passed, but basically, we will see how the movement will continue to oppose or indeed duck down after reach a multiple digit numbers.
But according to my analysis bitcoin will continue to be monitored at 30k and it won't pass it down if it happens so it's easy to come with lots of other bad news.
$40k will be touched soon. It can be a temp stop station for Bitcoin but it won't end around $40k. I believe that Bitcoin in June will have times to reach $47k but price will not fall or rise too much. It is up and down in a sideway time.But according to my analysis bitcoin will continue to be monitored at 30k and it won't pass it down if it happens so it's easy to come with lots of other bad news.
$30k to $47k is not a bad recovery of Bitcoin around one month if you took the dip and hodl.
still no good indication of recovery though it steps back to 30k level in which comes critical when the value drops to 20k level
https://coinmarketcap.com/currencies/bitcoin/
Now it turns back to 36k after that 33k earlier today.
maybe bitcoin will stay this level till end of 3rd quarter?
It might dip again to below $40k after the rally but I don't believe Bitcoin will stuck below $40k at the end of third quarter. It would be stucked below $50k in third quarter this year. https://coinmarketcap.com/currencies/bitcoin/
Now it turns back to 36k after that 33k earlier today.
maybe bitcoin will stay this level till end of 3rd quarter?
still no good indication of recovery though it steps back to 30k level in which comes critical when the value drops to 20k level
https://coinmarketcap.com/currencies/bitcoin/
Now it turns back to 36k after that 33k earlier today.
maybe bitcoin will stay this level till end of 3rd quarter?
It's still unstable, I see the current step of bitcoin still wants to make up for the high level of at least 40k to guarantee that this can recover as long as it can be passed, but basically, we will see how the movement will continue to oppose or indeed duck down after reach a multiple digit numbers.https://coinmarketcap.com/currencies/bitcoin/
Now it turns back to 36k after that 33k earlier today.
maybe bitcoin will stay this level till end of 3rd quarter?
But according to my analysis bitcoin will continue to be monitored at 30k and it won't pass it down if it happens so it's easy to come with lots of other bad news.
still no good indication of recovery though it steps back to 30k level in which comes critical when the value drops to 20k level
https://coinmarketcap.com/currencies/bitcoin/
Now it turns back to 36k after that 33k earlier today.
maybe bitcoin will stay this level till end of 3rd quarter?
https://coinmarketcap.com/currencies/bitcoin/
Now it turns back to 36k after that 33k earlier today.
maybe bitcoin will stay this level till end of 3rd quarter?
Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.
After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.
The market is bleeding continuously, but still we have 6 more months before the end of 2021. A lot of things can happen, specially in the last quarter as historically, it is the strong months for bitcoin to go on another bull run.
Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.
After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.
Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.
All these signs move together to prove that there is a potential for Bitcoin to recover in near future. It seems that now is the right time for Bitcoin to start recovering.
We will know this week how the market will go. Many were saying it will still dump below $30k but others also say that we are at consolidation stage and going to pump soon. It's very risky to trade now as the market is undecided. Many people have been really affected by fuds few weeks ago and they are scared now to invest in cryptocurrencies.
My bias is bitcoin will recover soon because altcoins are showing strength when bitcoin is dumping. This might be the last opportunity to buy cheap cryptos because new ATH could be the target in coming weeks.
I think still not starting of recovering. Some bad news gone everywhere.. So as usual it need some good news related to the crypto side. But I'm pretty sure BTC pass 60k again In this year...
what makes you sure if BTC will cross $ 60k again this year? bear market is over and we will meet again in 2025. throw away that belief, focus on working and collecting bitcoins. and one more thing, there will be no news that will make your belief come true 
into those low prices just like before.
We are now playing into these levels where its still considerably high but of course it might not be the same when we are just playing around almost 60k.
Nothing is assured on when we do hit up 100k or more but lets see on what would happen next. Now, we are slowly recovering and that what matter most.
I am among those who believe we are still in a bullish market, indeed Bitcoin has decreased by around 45% since it managed to reach ATH.
But the price of Bitcoin is still quite high as long as it is above $ 30k, especially now that it's slowly starting to approach the price of $ 40k again.
It is possible that Bitcoin will begin to recover, hopefully more and more investors will come back to buy Bitcoin now, after panic sell due to FUD
which is widely circulating. So Bitcoin could soon be back over $ 60k again.
what makes you sure if BTC will cross $ 60k again this year?
There are still many predictions from experts that saying bullish is not over yet. Also, some institutions still continue to buy Bitcoins. It is a sign if the bullish trend isn't over. The current drop in crypto prices may be just a bearish trap.bear market is over and we will meet again in 2025.
Check again your statement! I suspect you made a mistake. You should write 'bullish or bullrun' there. throw away that belief, focus on working and collecting bitcoins
You mustn't force a person to follow your belief. Can you guarantee if your belief is true? I don't think it is clear enough that the bullish is over or not. What we must do right now is to wait for the next signs on the market. So, we can determine whether we will see a bearish soon or continue to experience a bullish trend.
I think still not starting of recovering. Some bad news gone everywhere.. So as usual it need some good news related to the crypto side. But I'm pretty sure BTC pass 60k again In this year...
what makes you sure if BTC will cross $ 60k again this year? bear market is over and we will meet again in 2025. throw away that belief, focus on working and collecting bitcoins. and one more thing, there will be no news that will make your belief come true into those low prices just like before.
We are now playing into these levels where its still considerably high but of course it might not be the same when we are just playing around almost 60k.
Nothing is assured on when we do hit up 100k or more but lets see on what would happen next. Now, we are slowly recovering and that what matter most.
I think still not starting of recovering. Some bad news gone everywhere.. So as usual it need some good news related to the crypto side. But I'm pretty sure BTC pass 60k again In this year...
what makes you sure if BTC will cross $ 60k again this year? bear market is over and we will meet again in 2025. throw away that belief, focus on working and collecting bitcoins. and one more thing, there will be no news that will make your belief come true The only good news we are looking forward is when Elon announced that he is still buying Bitcoin and sell all his Doge for it. Kidding. Actually there are tons of good news for cryptocurrency in general in terms of application and upgrade. It just happened that the current market is too shakey that's why all eyes is focus on the price. A good volume will change everything.
Well to be honest the moment that Tesla or Elon Musk tweeted that Tesla will going to accept bitcoin as a payment to purchase a Tesla cars it made an impact to bitcoin market. But honestly speaking bitcoin can still make it on top continuing soar high its market value even Tesla didn't announce this was before. I believe that despite the sudden price dropped of bitcoin and a crypto market crashed there still a ton of goodnews awaits on bitcoin.
Bitcoin's temporary decline does not mean anything. It is recovering. I believe that Bitcoin has a bright future. Its fluctuations are also a compromise. You don't need to panic.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
We still see Bitcoin price struggling to go up to even $40k now. It is $35k again. Sooner or later, Bitcoin will of course start recovering. But I've started losing my faith in Bitcoin to reach $100k in this year though.
I think you also need good news like others to regain trust in bitcoin. You don't need to worry if you know how crypto market works. You just need to wait until bitcoin market will bounce back after dump. If there is a good news, then for sure the bitcoin demand will suddenly increase.
The only good news we are looking forward is when Elon announced that he is still buying Bitcoin and sell all his Doge for it. Kidding. Actually there are tons of good news for cryptocurrency in general in terms of application and upgrade. It just happened that the current market is too shakey that's why all eyes is focus on the price. A good volume will change everything.
We still see Bitcoin price struggling to go up to even $40k now. It is $35k again. Sooner or later, Bitcoin will of course start recovering. But I've started losing my faith in Bitcoin to reach $100k in this year though.
I think you also need good news like others to regain trust in bitcoin. You don't need to worry if you know how crypto market works. You just need to wait until bitcoin market will bounce back after dump. If there is a good news, then for sure the bitcoin demand will suddenly increase.
So far, I still cannot be sure that Bitcoin is recovering. There are still some FUD spreading. Fortunately, there is also some good news to balance.
Well, this month, we are made worried about the price of BTC that can really give a big impact on other cryptocurrencies. In this case, Bitcoin price is still volatile and the price can drop so highly and down so deeply only in several hours. This makes worrying, isn't this?
And if the price of BTC is not at $42 yet, I am still under whether the price may be going down again.
Well, this month, we are made worried about the price of BTC that can really give a big impact on other cryptocurrencies. In this case, Bitcoin price is still volatile and the price can drop so highly and down so deeply only in several hours. This makes worrying, isn't this?
And if the price of BTC is not at $42 yet, I am still under whether the price may be going down again.
I think Bitcoin will return to its previous position, or even higher than before. When I bought Bitcoin, I regarded it as a long-term investment financial asset. I did not intend to trade and sell it in the short term. Drop it, because I believe that Bitcoin will not be affected by the market and the policies of certain countries.
Investing in bitcoin for the long term is a good choice. But you also have to know at what price you should buy it. Do not get into the highest price because the current decline is quite deep.Capital management is very necessary, you should have capital reserves for the current market situation. You will get a cheap price and will give you a bigger profit when the market returns to normal.
We still see Bitcoin price struggling to go up to even $40k now. It is $35k again. Sooner or later, Bitcoin will of course start recovering. But I've started losing my faith in Bitcoin to reach $100k in this year though.
At least the price of bitcoin did not decline further. According to analysts, the current correction should occur. As it is known, those who buy bitcoin know that their investment is for a long time, it is difficult for newbies to understand it and sell their bitcoin fearful of regulations for its use.
When we are not affected by regulations we may think that Asian investors are weak hands but for a moment I put myself in their place and I was also afraid.
PlanB's model on Twitter "Stock to Flow Model" is the model that I currently follow because it is so accurate and that it summarizes almost all the analyzes.
When we are not affected by regulations we may think that Asian investors are weak hands but for a moment I put myself in their place and I was also afraid.
PlanB's model on Twitter "Stock to Flow Model" is the model that I currently follow because it is so accurate and that it summarizes almost all the analyzes.
Jump to: