Topic: What do you think of the current bitcoin price recovery? - page 2. (Read 1675 times)

There is more confidence and that is good, at least I see this coming month of October with a very good omen, and this is good because for me November will be very uncertain and it is the month that will give that appetizer to the good or bad that can happen, because it is time for the elections, I sincerely hope that it does not affect the market negatively whatever the result, I want the price to follow its course and its trend that in the long term looks bullish, as long as things go normally I am happy, but we have to wait and see, this month for me will be excellent for BTC, 30 days where we will see good bullish impulses in my opinion.+

In the past price decline, especially weak holders were happy to sell assets such as BTC, but if he was a true holder, such conditions would be responded to casually and would even try to find other funds to be able to increase his asset ownership.

Well. regarding the price reversal in the past few days, of course it is not a coincidence and it came along with the issue of interest rate cuts which were welcomed by all market players including the crypto market and everything went up if we pay attention. Especially for BTC, I think the public will continue to follow its price developments until the end of this year.

I think it was expected and not many people are shocked about it, we knew that it would happen this way and it did happen this way, it is not really that crazy complicated situation and I believe that as long as we keep seeing this be the same then I think it is going to be something that will take a while to get better results.

I know that it is going to be something that is taking a while, but that doesn't mean that we are going to see something that will be all that complicated, it is something that will not be all that hard to handle and we can make it work. I know that it is going to be a life that we all need, and I know that it is going to be a hard thing to handle but we are talking about a recovery that we all knew that would happen and yet some people unfortunately still didn't trusted that it would happen so we ended up with a lot of people who didn't made any money from this at all, some even lost money on this because they sold lower thinking it would go even lower.

Bitcoin has made its recovery very quickly. I also monitored the price of Bitcoin last week when it was worth 57 thousand dollars.  Just a few days later, the price of this bitcoin came close to $64,000.  Based on this data it is easy to say that Bitcoin has recovered very quickly.  It is expected that the price of Bitcoin will go closer to $70,000in the next month. As its popularity and the number of cryptocurrency users are increasing day by day and people are showing more interest in investing in cryptocurrency, it can be said that the price of Bitcoin is going to increase further in the future.

Well there as we can see we can say there is a little change in the market because price is heading to 64k and I believe before this month crosses to October we might likely see bitcoin creating different price level that could shocked people, although there are still possibilities that we might see it going down lower to it's previous price of 54k thereabouts. Maybe let wait to see the outcome of the US election, probably if Donald Trump emerges as the winner then there is every tendency for bitcoin to hit 100k even before 2025.

I am more confident in a range of $64k, these days a friend who has a signals channel told me that he was going to go short because according to his guru the price would drop to $62k then to $61k, later it would fall to $57k, which is not unreasonable, but when I asked him if he showed him the analysis he told me no, so I discarded any prediction made by him, in fact my friend lost the trade, so the way things are going I think that $64k is a price to park at and that it gives investors more confidence, everything can turn out well, we are approaching a promising October, I like good omens.

There's a gradual movement in the upward direction that looks like a weak bull but there have been a rally around the $60k to the $63k recently in the past week which is beaming some hopes of possible Bull movement because this is coming after a intense struggle around the $52k zone that got broken before the upward rally.

If you are looking at getting in for a long term, I think going on the 4hr time frame to spot an entry around the $60k zone will be a good entry and expect a move to $64k after which expect a possible correction again before any movement upward or down maybe. This is my projections and not a financial advice tho but an insight.  Investing should be based on personal conviction about what the market may be looking like and what you hope to get off the market. Tho a good price recovery is definitely going to happen in the market.

Wayback into those early years or previous cycles that Bitcoins price doesnt really that totally being affected into those casual economic issues or problems we do have or simply with the fundamentals around on which we could really be able to say that it is really that truly independent and its price isnt really that reactive into it, but in todays then we are really that seeing the different conditions or situation on whereas its already that making up that kind of reaction whenever the fundamentals were positive or negative then we could see a significant effect on which we know that it is really that something predictable for sometimes
on where the prices could eventually go. It would really be just that depending on how well you do able to make actions basing up on the conditions that you are seeing on.

Speaking about recovery then it will really be that always a normal thing to happen yet this market wont really be having just that single path to take on which there would really be those times or moments that it would really be going up and to those times that it would be going down. There's no way that it could really be only having that one path to take on which if there's a decrease then there's really that recovery and this is something that traders or investors would really be that eyeing on. They would really be that basically trying out to utilize those movements for maximum profitability and this is why we do keep on trying out to figure
on whats the bottom price for buybacks and whats the peak price for selling our position on which it will really be determining on how well you do make out such actions.

I agree that it's going to be nice for us because we are going to make some good money and we could see this getting to a good level as well. I believe that if economy does great then we are going to make some money and it will be good, but at the same time I think that we are going to see the price changing on the long run as well and we need to consider that when economy is doing bad we are going to make money that way too.

So it doesn't matter if it's good or bad, we are going to make money either way and that's the only thing that matters and we need to consider this as something that will take with us when we are making an investment. I hope that we are going to see this happen soon because it's going to be something that will not be that easy to handle but we can definitely make this as something that will be a good situation. All in all we could definitely accumulate more, because no matter what happens we are going to profit from this easily.

fortunately the news of cut rate finally coming in and BTC seem to welcome such news with the latest pump, good news for people who have been opening long position after the recent dump, they're probably already making some big $$$.

but this news could also means a bad news for people around the world, it means there's economic slowdown and there's a need to counter it.

but since most of us here already hedging against inflation by investing in BTC anyway, we can still make some good money amidst the economic slowdown, hope things get better for all of us.

The current positive action and recovery is micro rather then macro as it needs to be.   If we continue upto 64.5k and then trade downwards nothing new happened, we only repeated all the prior price action in BTC which led to 52k as recently as the start of September.

If we can exceed and close the week above 64.5k it will be the first time since March we have managed to endure long enough to break a negative sequence.   A failure to continue that negative though it was seemingly slight, could mean we finally break upwards properly not just repeat with just more hopes for better in future.

Mid 60k prices was the trading high for August, the high 60k prices was the highs for July.  Each time I mention a high going backwards its higher, unfortunately we are going forwards which means lower is to be expected.

 I do hope we break this ongoing sequence, but it could go either way breaking lower only to fail and then BTC will be positive; I cant not be sure yet but I'd hope this month is when we know either way.

At the moment bitcoin is riding towards the 64k price, and this is what we have being experiencing from the market all through this new week now, the price of bitcoin have been on a consistent increasing basis and at that we have to learn to hold on more to our bitcoin much more than we are in a rush to sell, this is very important but the hard part in this is, our inability to hold on to bitcoin when we see some profits already.

Most of the times when we liquidate our bitcoin holding in any market, it tend to always work against us and as a matter of fact in most cases our outcome becomes entirely different from what we expected, alot of trader's have lost significantly due to that line of thoughts and at some point our greed have played a vital role in our losing at each point in time.

Many times when we have opportunities to buy at discounted price,we Fail to buy,and some other time even when the price was around 42k some thoughts that the price of bitcoin will fall further, but at the end, it all ended up going to 63k+ right now.

Right now bitcoin is trading between 58k$ to 60k$ and there will be no huge pump in coming days. We can see dip in Bitcoin’s price, the price will drop to 42k$ and then after 2-3 months and by the start of 2025 we will see a pump and bitcoin can reach its new all time high price. This is just prediction by seeing the market trend and by listening to the analysis on bitcoin.

The current Bitcoin price recovery now is on the right track although we often to see the correction but that is normal. Maybe we will see a down time for Bitcoin which can make altcoin gets the effect but there is nothing to be worry as the market will increase again in the right time. People who sell their Bitcoin fast without think should understand that they are make a mistake but it seems, those people don't care about that. They think that by selling their Bitcoin in that time can give them a chance to buy back at a low price. But the fact is they can not always buy at the price they want. They really must to learn how to manage their emotion if the price is down so they don't panic and can still hold their coins especially Bitcoin.

When it come to Bitcoin recovery from the market, I don't use to be worry myself about the recovery of Bitcoin in the market, because I know where the price of Bitcoin started from some years ago which I know it will not remain in a particular price through out the month or year. You must experience  decreasing and increasing in the market before the price of your choice can come to pass, because investors make use of the two to create opportunity that will favour them in the future when the bullish season appear, which is what holders are waiting  to see before the end of this month, because many holders want to release their Bitcoin when the price hit $100,000. Bitcoin is more reliable than altcoin if you want to make a good income from your holding, because the team behind Bitcoin are more stronger than altcoin which is one of the advantage of Bitcoin.

No one should shift blames to weak hands and as a matter of truth, weak hand are the most victims in this case because when their rush to sell their Bitcoin, the stronger hands pick the Bitcoin up from them at a cheap rate and they end up losing along the line, so blaming them for market crash may be a waste of our analysis and speculations because their are more victims than actors in the Bitcoin market eco system.
The whales are responsible for bitcoin market reaction and shift in direction, some times, when their want to buy at low price, their force the price of bitcoin to drop by causing some crisis in the market demands and focusing the wave to the direction that suits them, alot of them have been exposed in the past, but hey this is business and is all about the profits so there is nothing illegal with whales activities, what we need is the right knowledge that will help us to make right market decisions and we need patients to followup with the market demands and act as at when necessary to avoid rush in selling off our asset's.

I want to believe otherwise but the trend is down.   We could say well its in a box but I think the bottom of this box is falling apart, it was flat in aggregate for quite a while.  The highs were similar and the lows also but increasingly it appears as a trend downwards.

We could resolve positively, the bottom prices could be challenged and we rise from there.  A good challenge can end up with very positive action but that hasnt happened yet and its not a great idea to stand in front of a freight train with expectations it will turn around.

Current prospects hang by a thread, closing low of Aug 5th is also the price today.   We arrived here and we've sat, the one thing left is end of weekly bar today and then the week opens and we'll see.  September onwards is 'busy' so it should be less boring, take that much as a positive I guess.

My expectation is every price of 2024 will be double checked, the gains, the initial months the lower set of BTC prices need a sound check.  Then a more accurate conclusion can be drawn

In any speculative market the main phases of the market will always be present, now in bitcoin it is in a phase where it is clearly seen that it wants to recover much more, but it must be seen that they may also be testing the resistance level , that is, the demand,  if the Supply is already high the demand falls and therefore the price falls, sometimes it is the supposed war of bears and bulls in the market, it also has a lot to do with the fluctuation of market volatility, bitcoin at these moments is Good to buy and hold.

Everyone is really that expecting positively for the month of September on which basing up on that table that shown that it is a bullish month and this is why lots had been anticipating even more on the month of October.
With the current price condition or movement that we do have on which we are currently sitting on $56k on which it did really go lower and without having any news or fundamentals around that do justify such drop
then we could really say that it is really that hard to predict on whats next. Also having 5-10% per day movement is really just that typical ordinary day in crypto when it comes to price movement or simply with the volatility.
Recovery would really be always that inevitable yet this market could really be only have two possible movement on which going up or down or adding up that sideways movement on which this is the moment or time that could give out those kind of doubts or hesitance on making up some positioning

This is why it would really be that survival of the fittest when you do tend to step your foot into this market. You cant really just that make yourself having that kind of impulsive emotions on the time
that this market is really that behaving something like this. If you cant bare it out then this market isnt really that for you and find for another career that you could withstand. 

There is no indication that September will be a promising month, except for people's expectations. If you look at yearly history, September has always been the worst month for bitcoin. Not to mention, based on the macroeconomic situation, things are going to get even bleaker as recession fears are looming over our economy. That is also the reason why the entire stock market has plummeted in recent days.

Overall there is no news to suggest that September will be a promising month except for the Fed rate cut, but there is a possibility that "sell the news" will occur instead of bringing optimism to the market.