Topic: Cryptocurrency price is coming back. (Read 650 times)

I do not think so that the price is now coming back again because it is only a false breakout, like what happened on the price of the bitcoin. It breakout in the resistance around $6400 but the sellers overcome the buyers that pushed the price into $5700 per each. The consolidation will take more time so we should always be careful because we are still in the bear market.

The lowest price of Bitcoin this year is $ 3800, and I'm sure Bitcoin will not touch that price again, even though many people say that bitcoin will go to $ 1000 for me, it is impossible for now, if it does, of course buying $ 1000 is something right

I’m still waiting for this price again, and I’m ready to buy more. Instead of panicking, better to think how you can still make money despite of the market situation and better to look longer, I mean always prepare for the future. We are still stable on the level of $6k and we have no guaranteed that it will not down again, well at least for now. Bitcoin can go up or down, think ahead and do the best decision.

You should not be worried with that, we've seen this many times and we should trust that bitcoin will always bounce back.
I tell you man, only the weak hands and the newbies would worry, we the experience traders will not, instead we live seeing the dump.

Hopefully but I believe the market would be bullish soon as the support is quite strong, they won't let bitcoin dump again.

If given the chance that it recovers and has another ATH but not actually the same as what it happens to 2017 ATH.
It is for the majority to hopes for a high price (another $20k) but then, its gonna be difficult to this time when there is no hypes happening. Price really matters but for now, the sustainability of the market and to retain its popularity and market demand is much important. And I know, the price increase will follow.

The market isn't all the time to be at doom nor to be at rising. It sometimes we suffered like these but it doesn't mean that we just end up like this.
We only have to think that this is all a normal scenario, anything could be happening.

From $9k drops straight to $4k (quite worrying) and a little bounce back at $6k...feel I was entertained how people been in panic selling because of the crash. Moving forward to have this halving means a lot in the market trend and all hoping that it works fine even though we are in the crisis.

   Traders are in dilemma all the time, but some strong holders are not, we are buying when we can and we hold without
worrying about volatility. It's not a nice feeling when prices going down, but it's not the end of the world either, for some
investors and long-term holders it's a good opportunity for buying.
   I believe that crypto-currencies will recover their previous ATH prices, and make new ATH prices. It will happen in the
future, we can hope it will be soon, but some of us are ready for waiting.

It could be possible. Though Bitcoin is showing signs of slight recovery, but the possibility for it to happen is still lounging around.
Europe and the USA has been overwhelmed with the spread of the pandemic and it's still worsening the situation right now. Containing the virus might take several weeks. So, another correction might happen. Nevertheless, It's still a good thing for those who look for the best bottom to buy.

I have to picture it out that we are moving into market recovery at this time. Its price movement is noticing that we even improve from $4k to $6k plus for Bitcoin, gonna have to see a positivity that we fall back high to $7k a couple of days from now. Though we are not sure of that because of its volatility but something to see that the inclining scheme is meant to be great and I suppose to think that only a few Bitcoin holders are selling it at a low price.  

I hope it will continue, this is not really enough for us right now. Sure, we recovered almost all the drop and with another 10%-20% push we are going to be doing great. However that is not enough, to show the world that bitcoin is an amazing thing to invest during these bad times, we need to reach to a point where it is actually quite profitable for everyone around the world.

If you show the world that bitcoin is profitable on bad days, they will definitely buy bitcoin next time something bad happens and that is what we need right now, well maybe not right now but for the next time it happens. If you make a public awareness about the profits of bitcoin holders during corona virus, everyone else in the world will see it and they will buy bitcoin next time there is a bubble burst.

Problems with miners can be caused by a lack of transaction speed in the Bitcoin network, and in this case the situation is unpredictable.  Perhaps users themselves will raise the price per transaction in order to get quick processing of a specific bitcoin transfer.  But it seems to me that today bitcoin mining pays off already at the level of $ 5,000 and I believe that there will be no problems with this.
The cost of mining Bitcoin will depend on the cost of equipment and energy costs as always, which can increase the price to 16,000. But Bitmain in May plans to release equipment that will make the cost of BTC production at $ 6,000.Of course, my thoughts and plans regarding the upcoming halving are very optimistic and I really hope so.  But we must not forget that price increases before the end of 2016 and throughout 2017 could happen due to the increased public interest in cryptocurrencies, because in those years many were able to make very big profits and this information went online like advertising very quickly.

There are two basis of the halving giving good results this coming month.

Number one is the results it gave in the past two years which affected the price positively. If this is effective in the past years, then it would be this year too and that would apply the second basis, because of the fact that it is the reason for halving. Halving cuts the supply in half and that is the reason why it is said to have a positive effect on the Bitcoin's price.

I assume that problem can be with mining bitcoin, maybe some miners can shut down their mining rigs because of the rising difficulty, some will have to upgrade their miners if they wish to mine with the same speed, who knows what he really thinks when he say that we can expect problems with next halving, but miners are vulnerable group in that period for sure.
I think that this is not some special drop, normal volatility in crypto with sudden spikes and dips, and I am sure that this entire year will be the same. Bull runs and recovering previous ath prices can come only next year in my opinion.

The fact is that almost every cryptocurrency user expects the next halving, because they are confident that this event will bring improvements to the cryptocurrency market.  At least halving, 2013 and 2016 showed very good results, and I think this year will be the same situation.

How would halving become a problem?
I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.



There is no 2nd wave, what we are experiencing now is the result of the covid-19, as long as it's still actively infecting people, it's a threat to our life and no government that is in its sound mind would allow people to do their usual activity prior to the covid-19, we need a cure for this one because we can say that the market is good again, panic buying is a normal reaction due to the fear, but we should be educated, we need that to fight the virus.

Certainly, many people will start looking at cryptocurrencies through lockdown. However, the global economic situation is so uncertain that no one is thinking about investing at this time. As you wrote, even banks are not safe at the moment. I think we have a very difficult period ahead of us and we can expect that most people will prefer to keep cash. The price of Bitcoin has always had very large fluctuations, but what has been happening recently is not trading anymore but a high-risk casino game. I think there will be no big investors and unfortunately but the price will go down.

well, is the bad side. but most likely, lockdown will lead to boredom, and maybe they will think of ways to make money from home. it might be a strong thing to try to use business on the internet, one of which is crypto. Well, I'm also quite doubtful whether it really can bring recovery. but, in fact, the price of bitcoin is currently trying to go up to $ 7k again.

Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem. First wave ( corona ) is not done yet so let's think the worst thing bitcoin will lost value after halving. As trader I must say wait until market condition become stable again, for some people wait and see is wasting time but for me safe way is better than revenge ( panic buy ).

The gradual development in the price of Bitcoin in the market could signify the economic recovery of the society around the globe from the virus little by little but, this does not mean that the virus is not a problem anymore instead, the stock markets are adapting in the current events and are beginning to cope from the destructive virus.  This serves as a hope for holders like me to have faith in Bitcoin investment until the halving event comes.

calm down buddy, if measured from the price of $ 6100, it only drops a few dollars, besides, it's quite reasonable that the price of bitcoin drops hundreds of dollars in a short amount of time because basically the price of bitcoin is indeed very volatile.
so far, the price of bitcoin has risen again to $ 5900, and there is a possibility the price will reach $ 6000 again. however, I believe that the price of bitcoin will rise again.

That's the positive thing in crypto as most stocks are still down right now, and in fact we have better improvement compared to stocks but unfortunately we can't say that bitcoin would stay at the current price now as its very unpredictable and today it did dump a bit.

However, I think price does not matter a lot for believer, they'll hold no matter how bitcoin move, in 2018 we have witness the worse price movement of bitcoin which we are coming from $18K if I am not mistaken but we fall below $4000, I know it's a different scenario but we can only based on what happen in the past.

it can come back whether on low price or high price  but mainly people are expecting that prices of cryptos can comeback to low values because like what you said , we cant control the panic cause by pandemic   .

 if there are no pandemics , people hardly panic sell because price of cryptos werent this bad even if there are hackers that selling thier coins or other major bad news happening on the crypto space  . we are lucky if we see small increase or recoveries and people already appreciated it

Nothing to worry, we are still at a good level now, if bitcoin will fall to $4000 then maybe there is a possibility of seeing bitcoin back to $3,000.
I am not saying you are wrong, anything is possible here, we can't be too confident about crypto when the world is already in panic due to this pandemic.

Cryptocurrency price is coming back...



...to $3k.

This is the second wave of the COVID-19.
$5.8k in GDAX right now.

Such investors including billionaires have already  considered investing with Bitcoin but they keep silent about that as they probably don't need to tell or they are keeping it for their own privacy. We don't need to support Bitcoin's usability as it has been used by investors including former and current stock investors. Sooner, people will surely feel safer in crypto than letting the banks handle their money or assets.

You have a very good point, mate! I believe it too that big investors are studying about the crypto market! Stocks market, banks are not safe enough in this lockdown time when the Bitcoin trading is a true blessing! So, after the halving, when bitcoin price may be higher than now, more people will realize how opportunity crypto is providing!

It's good to see that Bitcoin price didn't stay at dump zone for a long time, within weeks Bitcoin price came back to 6700$ from 3800$! So, right now the crypto market is in average condition. We can see another dump as you see coronavirus is not stopping! But right now, it's growing and that is a very good opportunity to recover your losses!

Now that the case of covid 19 is heating hard on the world economy I think bitcoin is going to be the safe haven. I also believe that bitcoin is been studied by most of the powerful investors around the world as they cannot continue keeping their funds in stock or commodities market. The effect of this recession on bitcoin is going to be revealed after the halving.

I don't think anyone is thinking of doing pump & dump when the virus is spreading all over the world. In my opinion, Bitcoin is more likely to be sold for fiat money, which means further price drops. In my opinion, the decreases will last until the virus is completely controlled. Only then can we count on the return of price increases.

So far I can't see any big change in the price movements, and yes there are lot of speculations going in BTCs pump. But still we cannot guarantee the accurate price.

Anything is possible in crypto either pump or dump we need to be ready, well if things go on a positive way it would be really happy to see the price of BTC because it's the one which decides the market movement so just relax and enjoy...

I am glad that users of the forum express the same opinion, which confirms my early statements that everything that happened on the cryptocurrency market until recently was the result of manipulations by speculators, and not panic due to coronavirus.  The fact is that large players in the cryptocurrency market are working for profit and therefore have specially lowered the prices for cryptocurrency, because the economic crisis is starting to develop in the world, which is also caused by quarantine and the coronavirus pandemic.  As you know, many businessmen in the crisis are looking for alternative sources for investment or preservation of their assets, and just the cryptocurrency market is a very good opportunity to implement their plans.  Based on this, I believe that everything that happens in the world and on the cryptocurrency market has a huge connection.

The correct word is "few pumps", not recovery or "coming back". The price was was so huge during March, so it is to late to speak about recovery. As soon as world economy starts to recover, so will crypto as well. So far there are just pump, maybe even to earn more on people who thinks that this is a full come back.

Indeed, the market shows a few pumps but somehow it drops again after a few days. People aren't really confident for sure of what they saw and it is pretty obvious that many were still in the panic selling up to this time. And to the fact that still, people are selling at low prices, there is no way that we can see the market moves high even a month or two and the halving event couldn't make a huge help anymore if the situation remains like this.

It seems like those panic seller finally reinvested their extra money to crypto once again.
It is great that the crypto market is having a price bounce at least we are having a good news despite all the negative things going on.

That is true. The major cause for that dump is the plustoken scam that was being dump and was sent to the mixers. The pandemic is just an add up to the price slump affected by the fall of the global market.
The effect of the pandemic is just slight yet it gradually became worse after the dump, because the people were confused on whether they panic buying for their needs to survive the lockdown or panic selling because Bitcoin is dropping so fast.

That was supposedly we think of all the time because not all the time it can only be at high nor it all be at lows. Think about the dumps and pumps are seems to be normal and that is why we don't need to be panic when we saw a red color in the market, yet it turns into green once again.

Hope will always be hope, you can just be hopeless if the entire market vanishes or it collapsed but as it have a market demand and it is exchanged, it is certainly becoming to be in a normal scheme.

There is a famous quote and that is "What goes up goes down." and its opposite is applied here too . "What goes down goes up too."

I was quite surprised when Bitcoin fell down from near $8000 to near $4500 in just one day. It is almost 50% drop down and days after, it went back to rise up again and trying to reach the $7k resistance. Now it is moving sideways at around $6000-$7000.

Even though we saw Bitcoin's price rise back again, there is no sign of reversal yet until now. As long as the virus is still there, the sentiment of the market is always negative. It will start to rise up again if either there is a good fundamentals already or the whales have decided to buy Bitcoin again.

We can't really say that it is because of the pandemic.

I did a google search last week when the dump happened and it is said that it is because of the moving of Bitcoin of these PlusToken scammers. You can read the article here. They are moving the Bitcoins to mixers that is why the dump is happening. We can say that some investors did some panic selling but I think the most reason why that dump happened is because of these scammers.

I was quite overwhelmed too when I saw BTC price was at $6200 despite the crash of market.
While most say that it was due to the Covid-19 outbreak some say that it is the PlusToken/MtGox scammers who are selling the bitcoins and hence the dump.
It does raise a question that if the reason was actually the Covid-19 outbreak then the market should not have been recovered so soon because the situation is just getting worse day by day as the death poll is increasing. So the prices should have been dumped more.
May be the lateral reason would be right since it kind of makes sense since the scammers would have sold their coins and now the market has started to recover. In my opinion this will only be proven right if the market continues to grow over the next few weeks.

There is still no accurate prediction about it.
Anything could go wrong and we still have to be ready with that.

The pandemic is not over although China is already cured some of their patients.
The question of when it will be cured in just a single medicine is there.
It took them time and it will also take time for other countries since the number of Covid-19 related patients is increasing.
It may take a couple more months for other countries.
So we cannot specify if this will really be the bottom or are we experiencing the sell point of people up until now and the bitcoin price is just resisting because of the holders that are staying.

But let's admit it, the pandemic has major impact on this. Because of so many economies in the brink of collapse, a lot of people are selling their crypto portfolio. But whales are taking advantage of the situation as they can afford to accumulate more even in this crisis. Because they do believe that bitcoin will rise again very soon or the next few years.

That is so true.

I thought that it is because of what is happening right now but it turns out it is not really the pandemic but it just played a role to affect the price. I am not surprised by the price change in time since we all know the capabilities of it even in the past. The halving is closing and with the recovering price, I think we might get back at $10K.

I don't know that this thing is happen in other country or not because in my country coronavirus has give a bad impact for the price of money fiat. Our money fiat has declined against US dollar, which I think there will be many people in my country try to invest their money into bitcoin. So as we can see yesterday bitcoin had been increasing again until now. And also I'm thinking that the trend of bitcoin market is not changed, we are still in the bull market. Because I can't imagine if bull market has been changing to bear market maybe bitcoin pricr could touch $3500 again as its all time low price.

It is really surprising to see how Bitcoin dipped together with the shock of the traditional financial market. Only to see it at above $6000 just days after...

For the news that the china is been well right now maybe there are some big whales coming back with bitcoins and others who doubt gain some trust to get a good track again with this events but let still monitor the situation since the disease still on the track globally and I really hope this will finish so we can get back to normal.

I always believe in the decisions I make, such as steps to buy Bitcoin under $ 5000 as happened a few days ago.
If it repeats itself, of course I will buy it, because I am sure whatever is the impact of the fall in the price of Bitcoin, one day it will definitely pass.
Including the current corona virus disaster worldwide.
Because I not only see from the sector alone, but also use technical analysis.

What we might be seeing would be a moment of positive change but I don't think it gaurentes the price to return to high terms since , right now the economic situation is not god and people are having problems in every sector therefore don't bet on it what you can do is for the momentary moment is enjoy and pray that it doesn't get worse and for the situation to improve.
Price will go up and down but for whatever reason that might be if the whole crisis gets over price will stabilize .

This is the official livestream of the "Hospital Construction" in Wuhan. I kept it bookmarked until today and I always keep an eye on it.

Wuhan looks like a ghost city. I don't see much of a movement in there anytime I look. Bookmark it and check the other livestreams from Wuhan (they're on the same webpage), you'll find out traffic in there is now like one of a 10k population city. It was the same a week ago, so was it 2 or 3 weeks ago. No change, I see no "recovery".

I always take the mainstream media news with a pinch of salt and do some research to make sure what I'm reading is legit and right. China has been known for hiding numbers and not only in this pandemic. They're trying to keep a good image of their country in front of the world so they could be praised.

I wish they had solved the pandemic there but it just doesn't look like it. If life slowly returned to normal, they would've had at least one more new confirmed case consider Wuhan has a population of +11M. I'm not a doctor or an expert but things just don't add up in my brain and I believe I'm not the only crazy one to notice it.

By all that can be seen and read, China has managed to curb the epidemic (it has not been newly infected in the past 48 hours), and they are back in business - factories started working again, children went to school, life slowly returned to normal. I don't think they have a reason to hide something, the people on the streets and the kids at school are proof enough that the situation has changed.

But all this has been achieved by unthinkable measures for the Western world, because when it comes to the Communist Party, they do not ask citizens for their opinion, the measures are implemented rigorously and without hesitation. This is the reason that they were able to defeat COVID-19 (for now) and the rest of the world did not react in time.

Because of all this, China will recover much faster than other countries - just remember the 2008 recession - while the global economy was on its knees, China was buying everything that was worth and what could be bought.

Yes, 2020 has been a tremendous year for the crypto currency market, after going through some tough days in recent times now there is a descent pump after few days in CMC chart. BTC saw some fireworks as the price exploded more than 20% in a single day, it remains decisively higher than it was three days ago. BTCs recent price action is forming the exact same pattern the strength of its recent uptrend is unclear, and I believe there will be some pump before halving...

Lolz.

Its truly "standard" comment and wont go off ever in the crypto trading market. They always come up with manipulation strategy stuff to support the on-going dip drama.

However, one should always look for the realistic reasons, for ex. in current scenario it's economic shut due to isolated market / completely shut down of international trades.

Even fiat is behaving half-heartedly which is but obvious these days. Just imagine Gold itself; you will find all the answers from real world as to why Bitcoin and other crypto's are wave surfing so much.

Yeah, it's not coming back as if we have lost it. Come on guys, fluctuation is pretty normal on volatile and speculated asset, you can't just buy it and have a time table to sell it, Bitcoin wasn't created for that. I've seen the price is increasing yesterday and the last I checked it which is now, it's decreasing again in what reason? we don't know. But I'm glad the price is getting pump again, corona virus is hitting everything hard.

Hopefully that the bounce that happened, will continue more. If you are going to use the inverse fib retracement, you will see that the price breakout frmo 38.2 fibo which means that the buyers overcome the sellers because 38.2 inverse fib is a strong resistance. As long as the price will consolidate and have a breakout then it means that the bitcoin is in healthy market again.

We also experience that over here and we're happy to be witnessing such bounce back from what others thought it won't. The current bounce back was heavily suppressed by the power of sell which we'll know as profit taking mode by traders. Hopefully the cryptocurrency market will definitely bounce back like the old days and investors will get their shares from the rise. We're hoping to see bailout funds be release into the stock market and equally into the cryptocurrency market. 

Do you really believe that China is undergoing a recovery and everything is fine over there right now? Because I don't. The fact that they hid numbers makes me very skeptic about just anything they say. It's probably just pretending that everything is fine.

The world will need years if not decades to return to what it was only 3 months ago. As gentlemand said about a dozen replies above, this is just the beginning. Probably the complete meltdown of the markets is next, followed by the obvious scarcity of food and supplies. The economy being completely frozen in many large and significant (when it comes to food production) countries will make things work very differently now. Everything's changed.

I also trust the bitcoin and altcoins because there are many problems and challenges that this cryptocurrency faces in past years and yet they overcome and still have a good price on the market. Except for now since, there is a virus that occured andreally affects the market. I think after that virus, bitcoin and other coins will be back to the game.

Panic stops and those who sold realize they lost BTC after buying back  

We'll just have to see when a bad news is going to affect the price again, it doesn't stop since 2018. All of those news are still attacking crypto markets even when some news from countries already legalize cryptocurrency.  If whales are really manipulating for their accumulation, they will keep doing these until they can't get few satoshis anymore then a slight pump again.

Not a new thing and for those who panic sell into those times would surely regret into those decisions they had made.This had always been the movement of crypto market
where it dumps and the recover and repeat the whole process.We cant just see to have a declining market that would last forever or would go to the floor.There might be some
events that do heavily affecting the market but doesnt mean that it would be a reason for it to go to the floor or being dumped forever.Lucky for those people who do bought on the dip
and yet making profits on a short period of time or days are the reward on taking risk on accumulating to those times where people are fearful or on panic.

That is the reason why we should be patient.

A lot of people are already disappointed at those changes not knowing that a lot of people would take advantage of that price fall. Now we are seeing a good price stabling at $6.1K. Now we just wait what might happen, yesterday it reached $6.5K so there is a chance or a possibility that it will go higher than that, who knows, it might be $7K tomorrow.

naive it won't come back next two weeks 

Don't expect a real pump at this situation, maybe when the global pandemic is over, that's the time we can expect, but as of now, there is no clear solution to this problem as there is no vaccine that was out yet to fight this virus, so we are left with uncertainly now, any pump could be just a manipulation that we should not be too confident.

I wouldn't say that "the price is coming back" to early because it's still down $3000 when it was $9000 back then before the flash crash occurred. For all we know, this might be a dead cat bounce, because of its oversold state and nothing really goes down forever. Of course due to the huge flash crash, the pump are also extreme. Bitcoin probably needs a green weekly close before we can be certain that the bull trend is back.

Or on the contrary, BTFD?

Right now the price is just above $6k, so there's a lot of price swing in the last 24 hours, meaning those who have bought the price around $4900 or less could have been selling at the height of the $6500-$6700 peak.

@sheenshane - personally, don't like to see those whale_alert on twitter, it seems that it could be used as a tool by whales to somewhat push their narratives, just saying.

Right now the market price of bitcoin is having resistance at the market price of 6000$ Also I don't really think that the price is passing the barrier lower at 2000$.

In my opinion nothing change in after the dump of bitcoin, bitcoin is still bitcoin the demand is always their so I'm confident that the price of bitcoin is not going to reach lower than 2000$ or even zero in the market. After a few months surely the market price of bitcoin could easily recover, In addition we also have the bitcoin halving that could potentially make or pump bitcoin to surpass it current All-time high price in the market.

Nothing seems bad about this volatility of bitcoin is always a thing in bitcoin and that's what makes bitcoin a great profit of an investment, that what bitcoin is.

bitcoins hashrate dropped from over 100exa to just over 80exa which helps explain the ~$4k underlying cost right now for those 'efficient' miners
then yesterday and today the hashrate went up a bit causing some to think its a signal to a rise

at the moment the mining 'cost' is still below $5k. so all those people thinking $6K+ is norm/acceptable. needs to know its actually about 2k of speculation volatility. and we can still see the price go down.

so be patient until the hashrate goes back up to back the underlying value.
$6k+ is not a hard minimum. it can still go down a bit

Crypto is always profitable, it all depends on what angle you look at the situation. The 50% drop was a perfect gift for some people, because they were investing at the time, and had already made significant profits by selling close to $7000. Many prematurely concluded that the crisis is over, and that crypto is back on track - but if we look at the state of the world economy, we don't have too much reason to be optimistic.

The only positive news is that China is slowly recovering, but their economy will also need a few months to return to its former state, which will again depend on other markets, because if there is no demand, production only creates supplies that by themselves mean nothing if stored in warehouses.

Bitcoin price on correction again today. It's become below $6K (coinbase rate, I have check just now). I am assuming that some investors want to take advantage of low price and that's why we encountered a bump yesterday. I have remembered bounce happened from $5.5K zone and almost $1.3K bumped within 24 hours. I think bitcoin will stable $5K zone if in case COVID-19 stay calm. Otherwise more dump expected till recover world economy. Alt coins just follow bitcoin trend and I think again altcoins following bitcoin during correction.

I guess we will see now if the market is really holding strong, we are at $6000, a good price to hold due to the recovery, and seems there is no panic anymore. No pump and dump as of now, but let's just observe what would happen next, the global pandemic is still something we can consider as a big threat on what bitcoin will dump again, but maybe the $2000 dump is already big enough and there's no dump incoming, I just hope so.

The price recovery could be as a result of the need to avoid fiat contact because of the corona virus. The issue here now is the importance that has been attached to the use of digital currency to avoid the speedy spread of the virus, so I think demand is picking some momentum.

Maybe plustoken piled in but I don't see how you get a global market meltdown and a totally immune Bitcoin. That would make no sense whatsoever.

This whole thing is still only just beginning so anyone saying 'it's over' strikes me as a bit deluded. Maybe boredom will overcome fear eventually but there's still a vast capacity for droopiness and flat out terror.

Do you think so? Because to me it looks like the stocks are showing a false recovery together with commodities and crypto. I never liked fast price bumps after a pretty long bearish timeframe. Whenever I bought during these quick bumps, it turned into a quick loss.

I hope that it is really true, but as of now I don't think so, the highest bitcoin price as of now since the price dumping happens is 6,700$ but now it bounce back to 6,200$ so we still cannot say that bitcoin is coming because it only ranges around 6,000$, this virus really affect the price of the bitcoin so, I hope someday when this virus gone, the price of the bitcoin will go back up to 10,000$ as before.

But as of this bitcoin price, investing is really good right now, for sure we will earn from it, so do not say that it is really bad for those who invest because that is not really true, instead of thinking that way, we may use it to invest more.

More news will come but we dont know either it can be good for market and its price. The main course that awaits everyone is the bitcoin halving which we sure can be of great effect to the price for good or for bad. Halving can cause and drag the price down too but some anticipated a huge return or bullish on this.

I also wishes to see a slow increased on the price. But isnt it too early to assume the 10k price? Right now we are on the 6k level but the stability for this isnt good as showing a big sideways again going down to 5.6k.

haha, it is whale accumulation now that panic sell is over and price recovery is starting to show its face.

the reason is what i call "reverse bubble", they are just like bubbles but in the opposite direction meaning price goes below the intrinsic value instead of above it and since that is unrealistic value it becomes unstable and hard to maintain. similar to bubbles, the reverse bubble also bursts but in opposite direction which is a sharp rise.

The price of Bitcoin was significantly moving up today (started 48 hours ago) was not immediately have a clear reason. But I saw on @whale_alert Twitter post that there is 5k Bitcoin that has been transferred from the Bitfinex exchange platform to the unknown wallet. It will be interesting to see if demand continues to increase over the days to come, I hope so.


https://twitter.com/whale_alert/status/1240748908743208961

But this is not something new in Bitcoin price but I appreciated even behind the economic crisis happen, Bitcoin price was showing resistance that might give hope to holders. I think we are heading up to $10k price.

Luckily it has. Panic has most likely subsided after a few days of being quarantined I guess. So far, no big news have been brought out recently, which is probably an additional cause. Not to mention that vaccines are already being tested and is currently in its first phase of testing. Guess all of these factors brought about the decision for a few traders to come back and invest, especially now since the price of Crypto is pretty low. Still, it's moving quite erratically right now with huge ups and huge downs, so I guess investors aren't really back in it, but rather just traders looking for profit amidst the low price it currently has. They still are trying to get as much as they can everyday, just in case for when a calamity comes because of the virus.

I'm also glad to see the bitcoin price on the rise.
In the middle of the current discouraging panorama of Covid19, the ideal is that the countries of the world can control the pandemic with cases of virus 0. And thus we can see the behavior of the market with a more encouraging forecast. I also share the idea that we are at the perfect time for cryptocurrencies to gain ground as a means of payment.
Bitcoin and all coins could give a positive response in this public health crisis.

The market still volatile, and we don't know when the price will go up or down. Yesterday, the price increase and touch $6,900 for the highest price, but then in the next few hours, the price is back to the lower price, and its touches below than $6,000 but today, the price can be strong again, and the price is back to more than $6,100 according to Poloniex and Bittrex. The market of bitcoin will be volatile than now, and we hope that in the next week, the price can break the highest price so we can back to make a profit from what we bought yesterday and today.

At the moment it is being traded between the price range of $6000 to $6200. Which quite normal considering the price spike of yesterday. Hopefully by the end of this month it should be above the price of $7000. Considering the global economy situation and the coronavirus outbreak this is a good signal for the crypto market.

After crash more than 40% cryptocurrency is coming back to higher price although not recovery how bitcoin and altcoin price before, but I trust with bitcoin and altcoin could back to higher price again because few months later will going on with bitcoin halving time and giving impact to make price pump.

In CoinDesk, they had put up a theory that the flash crash was caused as a result of PlusToken scammers liquidating $120 million worth of cryptocurrency, rather than as a result of the COVID 19 outbreak. If that is true, it will explain the recent behavior of the cryptocurrency market. The prices dropped as a result of the dump, and once all those coins were removed from the market by trading, the prices started recovering.

People are done with panic buying toilet papers and alcohols I guess? Or that they don't have bitcoins to sell anymore.

I wouldn't be surprise if I see some comments about "whale manipulations" later.

You forgot to mentioned that yesterday is went as high as $6600-$6700 and then goes below $6k, and bounce back today at $6200, so that's crypto's volatility. Probably retail as just buying in this dip and then selling it just to get decent profit, specially day traders.

So yes, we have somewhat bounce back from the ncovid-19 scare, but we are still not out of the woods yet. We're still not into the bullish trend, some divergence might be forming and we may see the price on the $6500 levels.

From the previous weeks until today we have a huge problem and this is the outbreak that is the Coronavirus or the NCov19 this pandemic plague are worldwide spreading and this is the one by the market price of the fiat and the cryptocurrency fall down. Now we are focusing to the cryptocurrency when the virus started the market price of the bitcoin in just 24 hours are immediately fall down and this is not good news to the people who made a lot of investment when the market is too high and the thing they must need to do is holding their coins and it takes again a lot of days or months to bring back the market price of the bitcoin to be good. But here is the good news from the previous weeks of a downtrend the market price of the cryptocurrency again becomes profitable because from the 24 hours of being stable of the market price the bitcoin and the altcoin price immediately increase for over $24 Billion rapidly and this is a good sign that the market price of the coin becomes profitable again.

From the price of the coin from $5000 from the previous weeks the market price of the coin rapidly increase and now it is already $6.2 and this is a huge change within this hours only the same with the altcoins they are rapidly increasing and this is a good sign of having a good market again, after the fighting to the spreading of the virus and it becomes fine again.

Reference:https://www.cnbc.com/2020/03/20/bitcoin-btc-cryptocurrency-prices-rise-as-stocks-remain-volatile.html