Bitcoin is not currently rebounding, the price have been between $30k to $40k for some time now. Which I think I the right time to invest, if you have want. It current price today is around $31k.
But I believe Bitcoin will definitely rebound before the end of the year, it will probably hit a $100k.
Topic: Is Bitcoin rebounding? - page 3. (Read 813 times)
This is a tough question, we don't see many signs for the market to recover from a bull run as long as the first 2 months of this year. The short show that the psychological passivity is still in doubt. bitcoin is down more than 52% from its ATH price, has many major defenses of support at 30k and 28k previously. But overall it can go down before reversing.
It can be somewhat called rebounding since we are getting back, close to the price from one week ago. But that's all.
Overall it's still sideways and it's rather normal: we have about half of the price from April and about half of the hash rate from April.
And although the good news are piling up (yeah, I know, the "OMG China" FUD is still loud) I don't expect a proper recovery until the hash rate recovers too (probably after the relocation).
Of course, I may very well be wrong too
I wouldn't call anything below $40.000 a rebound to be honest, the past few months it has been fluctuating between $30-$35.000, its range has been pretty stable. I'm positive that it will recover, but it will take quite a while, the $65.000 mark was achieved due to increased hype, (See Elon Musk etc.) a slow and steady growth is what we're thriving for. Overall it's still sideways and it's rather normal: we have about half of the price from April and about half of the hash rate from April.
And although the good news are piling up (yeah, I know, the "OMG China" FUD is still loud) I don't expect a proper recovery until the hash rate recovers too (probably after the relocation).
Of course, I may very well be wrong too
I think $29k is the lowest price for BTC, lucky for me i still have money to buy more at that momment. I think the chart is keep sideways untill Q3 and will be break a new ATH in the end of Q4 like previous year, but this is just my stupid opinion.
I think what you are saying that Q4 which is the end of the year, where bitcoin will increase is something that might happen. because based on past halving effects that it will happen a year after the halving, and at the end of the year which is when the first and second occur in november, december. and this is clearly the same as the prediction you said, we just wait and I believe too. you are really lucky to be able to buy in preparation for the end of the year. 
I think $29k is the lowest price for BTC, lucky for me i still have money to buy more at that momment. I think the chart is keep sideways untill Q3 and will be break a new ATH in the end of Q4 like previous year, but this is just my stupid opinion.
This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.
bitcoin seems to be happier at the price that has occurred in the last few months, feels comfortable and very stable in the $30K-$40K range only and if it goes up past $40K it will go down again, as well as if it goes down $30K it will come back again. hopefully this can continue well before waiting for the momentum to increase.40 may look significant to you but it's not. The real important level is 49000. Going back to 40 would only be the beginning and could quickly turn into a dead cat bounce which we still didn't see in this bear market. That is of course if it really is a bear market and not a correction in a bull market.
Going to 50000 and falling back to 30 would be a pretty normal fakeout so don't get your hopes up for a new ATH until we stay above 50 for a few weeks.
yes, it could be that what you are saying is something that bitcoin has been waiting for but until now bitcoin has not seen to increase to the crucial figure of $49K, so there is an opportunity to continue to increase again.Going to 50000 and falling back to 30 would be a pretty normal fakeout so don't get your hopes up for a new ATH until we stay above 50 for a few weeks.
but it will happen and it still needs the momentum that bitcoin is waiting for, well now bitcoin is stable at its price which is already quite stable. sure when the increase will occur hopefully it can be fast. but what is certain is that it will happen at the end of the year and that time is still long enough to arrive at the end of the year.
This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.
40 may look significant to you but it's not. The real important level is 49000. Going back to 40 would only be the beginning and could quickly turn into a dead cat bounce which we still didn't see in this bear market. That is of course if it really is a bear market and not a correction in a bull market.
Going to 50000 and falling back to 30 would be a pretty normal fakeout so don't get your hopes up for a new ATH until we stay above 50 for a few weeks.
BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
The only problem is the strength of the market, this clearly looks like an accumulation or distribution phase created by the whales, now the most difficult decision in such times is the type of trade to create. Moreover in these times whales trade against the sentiments of market, for example they would push down the market even when all the signs are indicating a bullish momentum and will push up the market from very bearish scenarios. Best idea in such markets is to stay out of market. Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
I don't think Bitcoin volatility is natural at all, Its one of the most volatile assets to trade with its huge up and down swings just like any other crypto it is pumped and dumped and I picked Dogecoin because it is currently ranked no 6 on CoinGecko
Being volatile is not the same as being pump and dump. A pump and dump coin is one that has no reason whatsoever to go up and then the drop of it is guaranteed. Take any altcoin price over the years, for example a coin that goes from 10 satoshi to 1000 satoshi (aka pumped), it will eventually come down back to 10 satoshi even if it takes a long time because it was initially "pumped".What bitcoin has is natural rises due to real adoption not someone fake pumping it, that is why its price never comes down in the long run. Last year price was below $10k and now it is $above $30k which is a 3x rise. In short term because the bitcoin market is small and is filled with newbies that never had any entry barrier, the price can make big moves in short term.
Why choose #6? Take #2. It used to be pumped and worth 0.15BTC and now it is struggling to keep 0.05BTC even though they pumped it hard in May to only reach 0.08BTC.
Bitcoin like most other coins is pumped and dumped as well. Think about it ? what use does Bitcoin really have ? apart from trading or buying and selling goods or services. This is the exact same thing as what Dogecoin is used for, the only difference is that Dogecoin was a meme to start with and it has no limit to the amount of coins which are minable. ? Most coins are now pumped and dumped because 99% of people who are in Crypto want to make Fiat money from it. When Bitcoin was first launched it was meant to be decentralized and an alternative to fiat money. It is now almost only a tradable asset with stupidly high transaction fees compared to even Dogecoin. People use Dogecoin the same as Bitcoin but with cheaper transaction costs.. I also remember Bitcoin being worth nothing when it was launched and like Dogecoin it took years to gain value and it went from $1 in 2011 and jumped to $32 within a few months which is a gain of 3200% In 2013 the price again jumped up from $13 right up to $220. It then jumped up to over $1100 and then fell all the way back down to $300 Its the exact same thing Dogecoin is doing now. You might not like Dogecoin but it is the same as Bitcoin and is being used like Bitcoin.
Currently no.
But if BTC survire 30k level with good volume, yes then is possible to rebound back
But if BTC survire 30k level with good volume, yes then is possible to rebound back
We are officially in the Bear market and I do not expect a lot from Bitcoin at the moment. Considering last year at this time when Bitcoin was just above 9k we are well placed this year. The market will trend sideways and I think it will remain the same till September this year. Historically November is the month when Bitcoin starts pumping.
bitcoin is currently actually in a comfortable and stable situation with the price it has so far, let it be stable until it's time to be able to increase again and I believe that the period of increase is still there. it must be remembered that the halving effect at the end of 2021 has not been seen at all. what has been presented so far is only bad news that makes corrections too deep.There's a lot of good news circulating and it's just a matter of time before bitcoin can move again. hopefully the development of good news will continue to grow so that it will strengthen investors to do things that encourage bitcoin to actually increase.
indeed for now the trend is very good but if you look at the chart it looks like it is still sideway but in a slightly higher price.
it would be great to break through the $40k mark because that would be a boost. but I don't think it will happen soon considering that the fud is still ongoing. we just wait
it would be great to break through the $40k mark because that would be a boost. but I don't think it will happen soon considering that the fud is still ongoing. we just wait
According to data.bitcoinity.org, in the last 30 days, around 16% of bitcoin volume has come from Bitfinex. Over the last 6 hours it's been 62% from bitfinex.
Wow!
Wow!
Still continue to sideways until the fud ends and if the fud ends while the price didn't drop below like $28000, the possibility to break that $40k is higher. I'd like to think it's going to break the resistance this time after few unsuccessful tries to break out the support line.
Currently, I'm not seeing any FUD, the Chinese news is over, I think we have seen the bitcoin mining shutdown was already price-in.
Amazing how it quickly goes up after touching the price at 29,000, somebody must have panicked that day.
Because there is a strong support at $30k, yes, it was broken, but as you have said, it was quickly supported as investors bought at this price. And now we continue our sideway patterns until a break out happen (positive news).
It is really hard to know. Bitcoin has recovered from $28k to $35k very quickly. But it seems like the price is stuck here again. I would really like to see Bitcoin going back to $40k at least. But it doesn't seem like it will happen very soon.
~
That China crackdown does not still stop popping up in my news feed in Facebook, so yeah it is indeed really loud outside the forum still. Somehow the return to 30k+ is nice already so we got that, but that is it.
It can be somewhat called rebounding since we are getting back, close to the price from one week ago. But that's all.
Overall it's still sideways and it's rather normal: we have about half of the price from April and about half of the hash rate from April.
And although the good news are piling up (yeah, I know, the "OMG China" FUD is still loud) I don't expect a proper recovery until the hash rate recovers too (probably after the relocation).
Of course, I may very well be wrong too
Overall it's still sideways and it's rather normal: we have about half of the price from April and about half of the hash rate from April.
And although the good news are piling up (yeah, I know, the "OMG China" FUD is still loud) I don't expect a proper recovery until the hash rate recovers too (probably after the relocation).
Of course, I may very well be wrong too
I don't think Bitcoin volatility is natural at all, Its one of the most volatile assets to trade with its huge up and down swings just like any other crypto it is pumped and dumped and I picked Dogecoin because it is currently ranked no 6 on CoinGecko
Being volatile is not the same as being pump and dump. A pump and dump coin is one that has no reason whatsoever to go up and then the drop of it is guaranteed. Take any altcoin price over the years, for example a coin that goes from 10 satoshi to 1000 satoshi (aka pumped), it will eventually come down back to 10 satoshi even if it takes a long time because it was initially "pumped".What bitcoin has is natural rises due to real adoption not someone fake pumping it, that is why its price never comes down in the long run. Last year price was below $10k and now it is $above $30k which is a 3x rise. In short term because the bitcoin market is small and is filled with newbies that never had any entry barrier, the price can make big moves in short term.
Why choose #6? Take #2. It used to be pumped and worth 0.15BTC and now it is struggling to keep 0.05BTC even though they pumped it hard in May to only reach 0.08BTC.
Investing in Bitcoin can be a smart move if the investor is aware of the volatility involved and does not panic and make rash decisions when there is a sudden dip. Bitcoin has experienced a roller coaster of ups and downs in 2021. Recent events across the globe have caused the world’s largest digital currency to fluctuate heavily, leading investors to question its future vitality.Experts advise that no more than 5% of an investor’s portfolio should be tied up in cryptocurrency(news source: kalkinemedia.com)
Its gone up by 5.1% in the last 24 hours but Dogecoin has gone up by 16.8% in the last 24 hours lol
That's because bitcoin market and its movements are more natural while Dogecoin and other altcoin's movements are based on pump and dumps and it is very easy to pump shitcoins. You are just choosing a random shitcoin (Doge) simply because it was in the news and pumped by a so called "celebrity" otherwise there are other similar shitcoins that get pumped a lot more and are much more profitable than Dogecoin. Two examples of these shitcoins from the past 24 hours are CELO and NANO they got pumped 25% and 21% respectively. And these are among "bigger" shitcoins, there are smaller shitcoins that get pumped A LOT more. For example DVPN got pumped 134%, BTRL got pumped 3173% and so on!Another difference is that when bitcoin goes up (in long run) it will remain up but shitcoins go up (aka pump) then eventually they come down (aka get dumped).
I don't think Bitcoin volatility is natural at all, Its one of the most volatile assets to trade with its huge up and down swings just like any other crypto it is pumped and dumped and I picked Dogecoin because it is currently ranked no 6 on CoinGecko
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