Topic: Bitcoin starting to recover - page 3. (Read 700 times)

Bitcoin began to recover and even almost broke through the price level of $ 40,000, but unfortunately it stopped there and for various reasons went down to $ 35,000 today. Now the question is where will he go next? Down or up? I think this question worries many. I think it's down because lately, many whales have been talking about the fact that they have a desire to buy cryptocurrency. And of course it's better to buy it cheaper.

Needs to have some break from those bad news that circulating around, after that we might see good reflection and much stronger recovery, for now after those lots of bad news investors are still waiting for good indications before placing their money back to this market.

Along the way, it will bounce back, might not that quick but better than ever, we might see another $60K or it can surpassed that last time high and bring this asset to another level.

Just keep your mind strong and positive, it will move back and bull will overpower the bear again.

Not still but very soon it will be, because you can see the last some days maybe some weeks makest , bitcoin used to do up and down.and surely this dump is happend because of news from china which is china bitcoin ban. But you can see the market near future it will definitely ricover and will break All time high very soon. No need to be panic regarding bitcoin.

I wouldn't call it a recovery. IMO it'll go to 25-28k mark before stabilizing there.

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...

Now that you made me recall the start of the pandemic, I remember that people were talking about how cryptos are gonna help their lives in making transaction without having physical contact with the other party.
Surely the pandemic was like a welcome mat for some people to start adopting it for obvious reasons.

But lets not be too complesant about the bitcoin's recovery. What i mean is that they are definitely more unexpected sideways that gonna happen in the market. But as long as you have a good management plan when trading bitcoin, the situation will be under your control even that recovery market doesnt go well.

Anyway, it is not always the dip. The market tends to balance the momentum by allowing the bull now.

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.

I think the S2F model is credible. Perhaps many people think that the S2F model predicts that the price of Bitcoin is excluded because of coincidence. Because the S2F model does have many shortcomings, for example, it does not take into account the supply and demand of the market, and ignores that changes in market demand will greatly affect the price of Bitcoin. But I think that the S2F model prediction and the Bitcoin price overlap is by no means a coincidence. As we all know, there must be an inevitable hidden behind the accident. I think what those professionals should do now is to adjust and improve the S2F model to make its predictions more credible.

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Bitcoin is the King. Back to $50k needs more time. BTC recover, Market will recover. Most coin/token will be back also.

sure. S2F model is just a coincidence and it didn't anticipate this drop caused by China. but one thing is for sure, Bitcoin is recovering. Investors should remember that the cryptocurrency field is always accompanied by adjustments and even setbacks. If you understand Bitcoin, you will understand its volatility and know that a 50% correction is normal. What's more, the long-awaited U.S. Exchange Traded Fund (ETF) will provide "rocket fuel" for digital assets. It is expected that US regulators will approve the Bitcoin ETF in September. Once this happens, due to the new sources of demand from RIA (registered investment advisors) and asset management companies, the entire crypto market will rise.

I agree with the moderator. According to various evidences, Bitcoin will definitely recover. The recent decline in the price of Bitcoin has made many people doubt the development of Bitcoin. Some people say that there is no backing behind Bitcoin, but I want to refute this point here. There is a backing behind Bitcoin, and its backing is the currency attribute of Bitcoin. The first is the value scale of Bitcoin. With its decentralized nature, Bitcoin can be used for transaction payment. This way, Bitcoin is given the function of payment, and the technical support behind Bitcoin is very rare. It is Blockchain technology. Second is the circulation method of Bitcoin. Bitcoin is now out of the category of digital currency. It is not a single number. Most physical stores and websites have gradually begun to use Bitcoin for consumption. Bitcoin was also accepted by everyone, and slowly began to have its own form of circulation. The third is the means of payment. For Bitcoin, its convenience is unquestionable. It is a characteristic of decentralization, and there is no need to conduct transactions through third-party centralized platforms such as banks, let alone during transactions. There is a third party to guarantee the transaction. The fourth is the fourth, which is the storage method of digital currency bitcoin. For Bitcoin, the amount is specific. After continuous mining, the number of mining is gradually increasing, accompanied by the gradual decrease in the number of bitcoins. If bitcoins are stored in the circulation field, they can also be adjusted in circulation. The amount of money. Fifth, as for Bitcoin, its essence is decentralized existence, which is based on blockchain technology and can be used to make payments. For this reason, Bitcoin can be regarded as a universal currency in the world, which can be directly traded at the time of transaction and has no right to control as a government agency. Therefore, Bitcoin is more suitable for global transaction payments.

At present, the inflow of funds is smaller than the outflow, and the transfer of funds on the chain is negative, and the market outlook may fall. From a technical perspective, there is currently no consensus on the direction of the general trend. It is recommended to wait and see and wait for the market to be clear; for the short-term market, there is no consensus, and it is recommended to wait and see for the market to be clear.

bad news through social media has played an active role from @elonmusk to banned bitcoin in China, greatly affecting the stability of bitcoin so that one cannot avoid a very deep correction. this is certainly not very good for crypto development in the future. investors should not add to the chaos of the atmosphere by taking actions that cause further deterioration. because we know something like this if it is not accompanied by investors' anxiety that it will be corrected briefly and it will recover.

It seems like what you say can actually happen, but indeed with deep correction makes people so restless and anxiety is exacerbated by behavior that should not be done with actions that make people worse off. because this will continue to happen and if you cannot control yourself it will continue to grow for a long time. Of course it is sad if things like this are repeated and there is no improvement, then certain people will be used to do it.

Corrections were called by many people and they are senior bitcoiners. It is what they waited for so they won't feel fearful when it happened. Fear probably comes from newbies or junior bitcoiners. They have yet really understood the Bitcoin market. They don't understand the bullish cycle of Bitcoin.

Importantly, they don't understand that in bull market, Bitcoin has many serious corrections. In the last bull market, Bitcoin has 8 corrections like that.

I think it's just a brief positive movement that will be followed by another drop, and then this wave-like downward trend will continue until BTC finds a relative point of stability. The bullish market stayed for a while this time, but a huge correction was bound to happen because something cannot suddenly become much more valuable to people and stay that way without a stimulus like the one Tesla initially provided. I do believe that Bitcoin will recover at some point, but I don't think it'll happen anytime soon. China + Musk + a natural correction were a big hit.

How much lower you want Bitcoin to go? It dived to $31,000 from an ATH of $62,000, which represents a dip of 50% in less than a month. Actually it was more than what I was expecting from BTC. And even in 2018 (when we had the most extreme correction), the prices never dipped by so much in such a short duration. And also, since institutional investors were making large scale investments with cryptocurrency, I was of the opinion that the volatility should reduce. But all those calculations and assumptions were proven wrong.

I would be honest here and I think it is still very early for us to speculate that things are going ok again for Bitcoin. We are still seeing fluctuations in the $36k to $38k region. We surely would be able to see it once it is recovering, I would bet that once it went back to $42k levels then it is a sign that Bitcoin is going back to the top. We just have to continue what we are doing as normal, no panics whatsoever, buy now while it is low. Then we can surely be able to see the prices go up again in a few months.

We all want to see bitcoin starting to recover, but I am not sure if bitcoin is now recovering because the price is still at $40k-$42k, making the price could get down this week. But hopefully, that will not happen, especially if many supports come to bitcoin and help bitcoin lift the price. But for now, I do not have an expectation of seeing bitcoin will increase more than $45k this month because it seems difficult to lift more than that price. Perhaps, that can happen in the next months, but let see it later.

I hope people can prepare for the next thing because that is a big mystery to us, and only with the preparation we can think about what we must do later.

I expected Bitcoin to go much lower before recovering, this seems a bit early considering how low it went every pump in the past. I don't think this is going to be full recovery even though it is going trough an increase for the past few days, it will probably go lower since it is too early for another pump. Buying at the current price would be a risk, at least in the shorter run, but maybe it would pay off.