🛑 Can bitcoin prices bounce back? Opinion Poll With Results 🛑 - page 2.

LUCKMCFLY

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Surprisingly now, Bitcoin is having a very pleasant recovery, at the moment it is going for $ 57k, it could be said that the price is finally recovering satisfactorily, this has taken traders by surprise:

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Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April.

At press time, $57,000 still formed a focus, with the pair needing to clinch $58,800 to avoid April's monthly candle turning red.

Source: https://cointelegraph.com/news/bitcoin-hits-57k-in-surprise-surge-to-almost-erase-april-btc-price-crash

Of course, you cannot claim victory that the recovery of Bitcoin will begin again, it may be a small bullish trap, it is very common in the market.

Kittygalore

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Quote from: Congyang on April 29, 2021, 03:02:08 AM

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

Definitely, just look at the charts of bitcoin prices, there are downs followed by a big pump so definitely the price is going to bounce back. And to everyone who checks the prices everyday, stop doing that because you just feel unnecessary anxiety looking at the prices going negative, remember the rule of the market, it will only go up in the long-term.

FanEagle

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Quote from: Congyang on April 29, 2021, 03:02:08 AM

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

Bitcoin will bounce back and I am not having any doubt on that but right now bitcoin is struggling to break the resistance levels around $55k to $57k which remains strong these days and once bitcoin breaking these levels and sustaining above $60 levels will lead to continuation of bull run. It seems bitcoin need some external help right away because bitcoin is waiting for any good news for its progress.

Bitcoin may test $80 levels in next month but right now it is into sideways movements. It is common for any market because when there are significant number of traders are into profit booking against new investors, this type of sideways do happen.

leea-1334

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Quote from: Congyang on April 29, 2021, 03:02:08 AM

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

That indeed is what we are all hoping for but as I often like to remind my circle of friends,,, hope alone does not carry us to where we want to be.

Let the markets bring the right price. Our job is simply to keep using Bitcoin and not just hodl it for the sake of it. Long term BTC price is up but only if long term usage is also up!

ethereumhunter

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Quote from: Congyang on April 29, 2021, 03:02:08 AM

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

Bitcoin needs more time to lift the price again and while the price is still at the current price, maybe we can try to take a look at altcoin because some altcoin can increase. I believe bitcoin can bounce up and as other people do, I am trying to buy some satoshi at a low price and hold it for a while. It seems the correction will still happen this month, and although we do not know when it will end, we do not have to worry because, in the end, the bitcoin price will increase more.

Congyang

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bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

STT

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Quote

are you all going to still be calling it the 'one'

Its not top because of a website ranking, BTC has the highest security over various alt coins. That impacts the size of transaction possible that is still secure so majority of traffic in large amounts will stick with the most secure blockchain, its a self reinforcing type of thing.
I'd say with the current move it bounces back until 50 DMA is reached and then we begin a proper fight between bulls and bears. He is a good chart I saw posted that shows volume weighted averages:

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Ludmilla_rose1995

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no need to worry about a temporary drop in prices. we have seen today compared to 3 days ago. yes, 3 days ago many were speculating that the bears have arrived. but I don't believe it. Rather it is a buying opportunity for me. I managed to buy in the $ 49K range, and now it's $ 54K.

If there is a downturn this year, it is an opportunity to buy. don't believe in FUD because you will panic and sell.

beerlover

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Quote from: Yaunfitda on April 28, 2021, 12:42:01 PM

for those who doubt bitcoin again and again, please stop, it has proven time and again that it can recover from such crashes and come back strong and will reach another all time high. So let this be a lesson for all of us, not to panic and just wait it out.

I guess we will need to keep encountering such things because always new people are joining bitcoin and then this community hence they will keep rising such questions which makes people like you and myself may need to keep answering them so that they also will get confident and may get practiced to such correction and then recovery of bitcoin markets.

Weekly at least two or three topics I'm seeing which are doubting about the future of bitcoins. Still, I will come such discussions because those things might help new people to get enlightened about the future of bitcoins.

Yaunfitda

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Less than a week after this thread, bitcoin already bounce back from as low as $47k to $54k-$55k today.

So it just shows how bitcoin is resilient it, and for those who doubt bitcoin again and again, please stop, it has proven time and again that it can recover from such crashes and come back strong and will reach another all time high. So let this be a lesson for all of us, not to panic and just wait it out.

wxa7115

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Quote from: Spack17 on April 23, 2021, 10:31:35 AM

Bitcoin price will bounce back eventually. We just don't know when. For now, it's trying to break the $50k resistance. If it can't, then we could see the price coming down a little more. I guess buying the dip and HODLing is the best option for now. Grin

Bitcoin bounced back almost immediately and this is a very positive sign, the correction we suffered was natural but it seems people are expecting for the market to go up every single day without any setback and this is not possible at all.

To me this was a deliberate movement by the whales to try to get more coins before the inevitable pump that will come, all the signs are pointing towards even more growth but the whales seem to like this level to accumulate more coins, so the only thing we can do at the moment is to wait for the moment when the whales finally decide to act and pump the price once again.

Zanab247

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Yes, it can bounce back because what happened during the pandemic show to the users, bitcoin price will soon dump in exchange market. But even though the price of bitcoin want to bounce back can not bounce back to 2016, where many investors where seriously worry about their low profit they where experiencing during the season.
Since bitcoin price started reducing in the exchange market, many customers are still doubting if the price will reduce to $19k before it will go higher to $100k. Based on what we saw concerning other cryptocurrencies show that bitcoin cannot bounce back to $19k before it will rise to $80k.

electronicash

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as long as the investors understand that the governments are printing a lot of bills to stimulate their economy, the money will keep on going into the market. and the adoption also increases. it could just stay are the current levels for now on $45K-$555, it could just go sideways on this range or it could even dip again as it's really too high for an investment price. it will take up until June or July before going up again and yet this is just my assumption, it may not happen and I could be wrong again.

btc-room101

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Quote from: mk4 on April 23, 2021, 08:52:08 AM

Quote from: Swag242 on April 23, 2021, 08:18:54 AM

Bitcoin seems to be trending going down lately. Do you have an argument for its comeback, leave a comment.

A better question is, do you have an argument for it to NOT comeback? A lot of us here know the importance of a peer-to-peer, trustless, scarce, and decentralized currency hence why we simply just buy and hold.

Also taking note that price drops are nothing new, and it would take just looking at the price chart for 30 seconds to realize that.

U just gave an arg for DOGECOIN, or any of the alt 21M (9,000) crypto shit-coins

How about an argument for BTC?

Once BTC loses #1 Capitalization ranking, are you all going to still be calling it the 'one'

I think you left out 'private' the most important thing of all, funny how nobody cares about 'privacy' here, its almost like they all know BTC.gov is a means of control, and not banking freedom

honestly how can you promote the 'myth' of 'decentralized' when you know for a fact that china control +67% of the block-chain formation aka mining

scarce, yep 21M alt-coins by 2025, real scarce this crypto be

...

In all the world, rich people don't flaunt their wealth, that's how you get robbed; Real rich people build walls around their homes so nobody see's what they got

Until BTC makes BITCOIN private and allows a means where addresses cannot be 'blacklisted' by IRS-COINBASE, BITCOIN is a failure to live up to its 2009 promises.

btc-room101

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Quote from: Swag242 on April 23, 2021, 08:18:54 AM

Bitcoin seems to be trending going down lately. Do you have an argument for its comeback, leave a comment.

It already has, fell to $47k yesterday, and now stable at $50k

UserU

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If everyone wishes for the prices to moon again, the fees has to be addressed. Without the widespread adoption of Lightning Network, we're gonna see 3-figures fees and more faucets are gonna die.

Obito

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Quote from: acener on April 23, 2021, 11:53:04 AM

I hope that it would bounce back and it wouldn't repeat the same path of 2018,
But I wouldn't mind repeating it if it would also skyrocket after a couple of years and give us a long time of opportunity to accumulate as much as we could.

Don't worry it won't because if it did so, it should have happened mid-January because that was also the time when the prices did a sharp drop back in 2018. Also no need to hope that it will bounce back because it does and it has proven time and time again that it can really bounce back again.

fiulpro

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The price will definitely bounce back here are some of the reasons :

1. Many companies are now investing after the big move by Tesla

2. Governmental approvals are all in

3. People are using it more during the pandemic.

4. It's serving as a single currency for small businesses who are getting work from overseas

5. There are many countries giving a green light to crypto gambling meaning more Investment in that sector

6. Government are implying more taxes which does mean that they are considering crypto for the long haul ! Even though the taxes are a bit too much but that's a whole different story.

... Etc ...

The price will bounce back 100000% you can bet on it ! But when that's a different topic. But most likely in a couple of months.

usekevin

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Quote from: Swag242 on April 23, 2021, 08:18:54 AM

Bitcoin seems to be trending going down lately. Do you have an argument for its comeback, leave a comment.

The history will alwasys repeat.Now their is a fluctuations in the price bitcoin over a period. It's easy to understand your feelings, since I was in same condition.My holding bitcoin was dragged down to bottom.The price of bitcoin was reduced to 49,000$ from 64,000$.It was a huge difference.Based on the holding bitcoin, all will have a loss for now.If you hold with a patience, the miracle will happen.

acener

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I hope that it would bounce back and it wouldn't repeat the same path of 2018,
But I wouldn't mind repeating it if it would also skyrocket after a couple of years and give us a long time of opportunity to accumulate as much as we could.

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