Topic: The market is recovering or just adjusting to the price . news - page 2. (Read 763 times)

I think the market is adjusting to the price. But it has been going on for a long time. I've been waiting for a month when the price starts to show stronger jumps. Because this is the first sign that the upward movement will start soon (or downward movement, but this is unlikely).

from 3k8 to 3k5 and no more to 3k6

Bitcoin Bitcoin   $62.777.207.813   $3.589,00   $5.207.256.313   17.491.575 BTC   -4,21%   

This is just a normal change, it is not a recovering! This type of price changes happens in every week. I don't think the crypto market can recover very soon, we will have to make ourselves waiting for a long term basis!

It is not just adjusting to the price btc market is recovering but it will take more time than we expect to come to a certain level because the drop was much higher than any other time but there are many evidence to believe that it will recover in the future so any investor today can certainly invest with confidence to make remarkable profits in the future but patience is significant because that is the main thing many doesn't have these days

and what we have to do now is always be patient to wait until the market can recover, so this year until the coming year my hope is that the market can recover again and again

It is too early to talk about market recovery . Now more like a flet and where the market will go next is difficult to say , but I think that the bottom .

I just see the resistense is on downtrend so it may highly possible that the value will continue decreasing.
Of course we all expecting a new momentum for most crypto to increase because we already suffering 2018 effect !

Waiting for 2019 !

It is too early to be able to say for sure that this is the end of the bear market in the cryptocurrency market. Price drops are still possible, however, the current situation can tell us that prices slowly are going to stabilization. We have to wait at least one month and then we will be able to say a lot more.

Blue appears today . btc has revolved around 3k6 a week . today it increased to 3k8 .

I think the price now is being stable and waiting for the right time to rise.
There is stability on movement in the market now. every tokens and coins graph are together on how bitcoin move.
You can see the graph on coinmarketcap.

If anyone can know exactly, he/ she will become $billions. I think a lot of people who has bitcoin when it born but they sold out when x5, x10. In this market, nothing is impossible.   

I wouldn't put too much emphasize on SEC approving Bitcoin ETF though, I'm sure that we will hear another rejection and also we can't control the outcome so we might as well be ready for the worst possible scenario. Investors are very reluctant but it terms of price, and for the sake of argument, if we goes and touch the $6K-$6.5K levels again,

I think it might be a good sign that we're getting further away for the bears and that the bulls has total control already, but as of now it ain't happening and it may take some time, but we don't know when its going to be.

2019 just begin and i think hard to predict bitcoin price at begining year. Bitcoin price still stable around $3000-$4000 but crypto market cap value  below $150billion. I am believe bitcoin will recover in near future because hopely SEC will decide to approve Bitcoin ETF

Right, very unpredictable and unstable so hard to expect on the value of bitcoin we don't know what happened tomorrow. I never lose hope for that I need to wait and watch and learn how it works in the market.

Lets just hope that it will continue until next month, or let's say the price won't decrease again drastically. when some good news like this will happen in can lure some new investors and veterans however lets not lose hope for a bull run to come.

The following is positive news:
Bakkt Acquires Established Futures Brokerage to Strengthen Bitcoin Offering

Coming Bitcoin futures exchange Bakkt announced Monday the acquisition of an independent futures commission merchant for an undisclosed amount. The move aims to augment Bakkt’s services for institutional investments in cryptocurrency assets.

On the back of a $182 million capital raise, Bakkt’s relentless work in developing a trusted brokerage for cryptocurrencies is unfolding. The firm understands building trading engines and custodian services are part of the battle, but aligning that with trusted financial providers is what may attract institutional capital to the crypto-finance sector.

According to a blog post, Bakkt has begun the process of acquiring “certain assets” owned by the Rosenthal Collins Group (RCG), a Chicago-based options broker that develops and operates trading platforms tailored to large orders, high-frequency firms, and retail investors. The transaction is expected to complete in February 2019. Once complete, RCG’s workers would join the Bakkt team moving forward.

To strengthen its offering, Bakkt is acquiring RCG’s framework of treasury operations and risk management, with an additional focus on AML/KYC, customer service, and regulatory compliance. As noted on their blog, the efforts stem from Bakkt’s aim to enhance digital asset offerings and enable “more choice and control” to buyers and sellers.



Bakkt’s Pre-Launch Preparations
Bakkt added it is “not standing still” as it awaits regulatory approval from the Commodities and Futures Trading Commission (CFTC) to launch its crypto-trading service. Instead, it is augmenting its product by investing in technology that will allow it to build a robust platform.

Meanwhile, updates about Bakkt’s impending launch remain unknown. The firm was earlier scheduled for a November 2018 start, which was then postponed to January 2019, and finally postponed “indefinitely” as regulatory approvals are sought.

Bakkt is backed by some of the world’s most influential companies, including Microsoft, Starbucks, and Bain Capital, and is a product of the New York Stock Exchange’s (NYSE) parent company Intercontinental Exchange. The firm specializes in physically-delivered settlements for Bitcoin futures and aims to build a platform that allows quick-conversion of digital assets for merchants and business outlets.

Expectations are high, and once Bakkt goes live, consumers hope that it will usher in a new period of liquidity and adoption.

Now there is very little information about it. Even press pages have nothing to write for us to see .
news:
Another week has passed in cryptocurrency land, during which most digital asset markets have been consolidating tightly into a downward triangular pattern. At the moment, the entire crypto economy of all 2,000+ assets is hovering at about $120 billion with around $15.6 billion worth of global trades. Currently, bitcoin core (BTC) prices are meandering just above $3,650 with a market capitalization of about $63.8 billion. BTC captures roughly $5.2 billion in trade volume but the asset is down 2.6% for the week.

Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain
BTC/USD shorts and longs on Bitfinex. Jan. 17, 2019.
In contrast to futures prices, BTC/USD shorts on Bitfinex have dropped significantly and there are considerably less short positions than in the last three weeks. ETH/USD short positions are much lower than before as well with only 280,000 shorts. Civic CEO Vinny Lingham, who is sometimes referred to as the “Oracle” because of his past price predictions, explained in a recent interview that BTC will likely trade sideways for a few weeks.  

“The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” Lingham said. “When it finds that direction, there’ll be a breakout or a breakdown,” the Civic founder added.

His statement aligns with the view held by many traders and forecasters, who remain uncertain of the future of cryptocurrency prices, at least over the short term. Technical analysis, futures prices, shorts and longs, and other indicators will give traders some hints, but as with the world’s traditional markets, anything can happen.

According to a survey by Credit Karma published Jan. 15, crypto investors in the United States who sold their Bitcoin holdings have lost a total of $1.7 billion. A slight majority of Americans — 53 percent — plan to report their Bitcoin losses for the purpose of tax deductions, while 19 percent are still undecided. The survey also found that 35 percent of the participants that sold their crypto at a loss will not report their losses on their tax returns.

Earlier today, Cointelegraph reported that Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum that the massive 2018 bear market is not a reason to bury crypto, stressing that all social and economic phenomena have both a bright side and a dark side to them.

To me the market had been stagnant with no noticeable improvement or increment in the price even with your price analysis the percentage increase is nothing to write home about except a fundamental news happens I don't think the price will pump and break the resistance at $4k.

Nothing is foreseen. The price may drop also can increase strongly . now it tends to be less volatile . we keep watching.

It was just a minor price jump. It is too early to talk about recovery. Prices are trying to raise in different ways and release news that could affect them. But unfortunately it is only temporary, then prices begin to fall again.