Topic: Is Bitcoin rebounding? - page 2. (Read 769 times)

Why the drop back though? I mean wouldn't it be good that it will break pattern this month and something different happen like bitcoin going up more than 35k USD and then staying there and then continuously growing next month?

We are very close to that and that seems close to the possibility. But I'd never think that we are able to reach $40k nor to see continuous uptrend motions. We are moving in sideways and that gonna be a strong rise if we reach back at $38k (at least) like last week.
As we can see, short-term recoveries just to happen and that also we have to expect next week. If that going to changes, that much better but I'd rather not expect more.

Bitcoin’s been on a fabulous run this year. The esteem of each token has more than multiplied since January. Be that as it may, it’s been tumbling ever since April and has presently misplaced generally a third of its advertise cost. That’s a enormous plunge that ought to make speculators ponder whether usually a minor adjustment in an extended bull run or a move within the long-term advertise cycle.

If bitcoin can't break the 40k yet, I think it will be safe to assume that bitcoin will probably not rebound anytime soon, maybe a big good news or two will be able to help with the possibility of rebound in bitcoin prices but it's difficult to say so because bitcoin is still struggling right now.

This market trend of bitcoin over the past two months is having the same pattern of growth. I saw a thread in which an user mentioned about the market will not stay above $35000 for ten consecutive days. As the user have mentioned, the same has been repeating. Now once again bitcoin is growing slowly. Hope this time also we'll reach above $35000 and will drop back.

Bitcoin is always rebounding day by day, and now, the bitcoin price is down again and make a correction. But in the next few days, the price will rebound again, and who knows, the price will reach the high price and break $35k again. We need to wait for the next week and buy more bitcoin if necessary to do this weekend. But if you only want to wait while you still hold your bitcoin, that will be okay. In the end, bitcoin prices start another rally like before, and in that time, we can expect to make a big profit.

Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too. 

It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.

BTC's current chips are highly dispersed. According to the average situation of the past 10 days, the total number of currency holding addresses has been greatly reduced today, the concentration of chips has dropped slightly, and large players may be crazy about shipping.

Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.

Hopefully, the rebound will come next week as the price gathers more support to come to the market. If the support can come at the end of this week and can push the price to increase for a little, the chance for the price to increase higher in the next week will also come. But if that does not happen, we might see another correction but hopefully, that will not go down too deep. Yes, besides watching the price, I just relax with my time, but I prepare for anything.

Nah, I am waiting for a good moment to buy bitcoin. I am not buying bitcoin if the price is just down for $500 but I will start buying bitcoin if the price is down for more than $1000. It will be better for me to wait for a while to see where the price will move as I can try to analyze more to find that time. I do not trade bitcoin too often, but I am trying to accumulate more bitcoin, so I need to buy at a low price.

If I want to buy altcoin, I will look at how bitcoin moves so I can get more analysis for the altcoin because the altcoin will drop if the bitcoin price is down. I already bought ethereum and bnb so far at a low price yesterday, and I am still waiting to buy more altcoin, so I do not expect to see those coins get a pump in shortly. I can wait for the next pump, even if that will come in the next 2 months.

Doing your own quality research and buying with funds 'you know you can afford to lose' are two very good strategies for users in the network, but on the other hand, waiting for a time you feel is best isn't something that works all the time, especially in the Bitcoin network, in my opinion if you're a long term investor you don't have to wait too much or take too much time to decide on accumulating more stash, cause basically even if you're to buy and the price starts to shift in the wrong direction or prolly doesn't appreciate in a while, you'd not have to fret, cause in the long run it'll definitely move positively.

Having said that, if you're a short period investor, are you're planning on investing in altcoins and their pump and dump nature, the timing becomes very important and understandable, cause if you buy many of those coins when they just pumped or in their ATH, you may be forced to sell at a loss in the long run.

     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.

BTC is staying in the floor right now and gonna stay near 30-35k for whole summer i think. Rebound gonna be later. Maybe in the next year.

Bitcoin continued its volatile streak on Tuesday, starting the day with a tumble below the key $30,000 level and then a rally completely back into positive territory. It briefly turned negative for 2021 at one point Tuesday before recovering

Bitcoin  is taking a positive step at the moment and if this will continue, probably a price rebound will follow next. But i think it's too early to say that we are heading into another bull run again. Bitcoin price may suddenly fall down again and might end up into another downtrend. So the  best  thing we can do is just relax and wait for another price movement of bitcoin and see where will it settle.

I am following you because it seems the market is not giving us much sign. Hopefully, the situation will change in the next week. But waiting for a while will be a good idea and standby at this moment as we do not have to force ourselves to enter the market. We should analyze deeper to find out more info about the current situation to know where the price will move.

I'm also worried about possible bull trap but I also consider the possible recovery so if this stability or the small pumps continue on upcoming days maybe I will think about to enter again. But for now I'm on standby mode since I can't afford to lose thats why I'm always careful on every decision I made on tradings.

Is not a stupid opinion buddy, don't beat yourself up for not having the technicalities others have when prediction that they used the technical analysis and analyzing charts etc. Sometimes just using your imagination you can predict what others weren't able to predict.

For starters, this isn't a rebound (though it's a positive start) as others have highlighted so there won't be a need to go into detail why I think so but comparing to previous weeks I think very soon, we'll begin to come closer to the end of downward trend. Before then though, the support at $29k will be started again and the fate of the market depends on what the outcome of the retest will result.

If the market was to defend that price again then like you said It will continue for months to retest higher supports so it's safe to say probably within the Q3 we'll be seeing positive moment in the market but that didn't means the corrections would stop although I'm very positive, the market will get its full reversal and record new all time high at the fourth quarter of the year.

I'll be honest, it is tempting to buy now, and I'll probably regret it if I don't. However, I'm pretty conservative regarding this matter, BTC has stabilized at approximately $35k mark for quite a while. I'm unsure on when it will recover (I believe that it will, but it might not be in the near future), thus I've decided not to buy, due to being in a budget right now and couldn't afford to have a few thousand standing there, in hopes they gain value.