Topic: What do you think of the current bitcoin price recovery? - page 3. (Read 1112 times)

It's already the 2nd half of August, but the price of 70 is not even close, the bull phase of the market has not yet come, but in my opinion it will all be in the autumn and I expect 70k in October.
imho

I would guess that it will probably have yet again another boring week, usually when there are big movements it becomes boring for a while and that's what we may see in the next week. Doesn't mean that we are going to see bad results or anything like that, it just means that it will not be easy to handle it all. We could probably consider how this could go on, and for that to happen we need to keep on putting a little bit money every time we can, and just watch and see how it goes.

People are expecting something huge for the upcoming period, which isn't wrong I expect it as well but not for the next one or two weeks, that could be something for the next few months instead. I believe that we are going to end up with a great result if only we buy now in the next one or two weeks and sell a few months later. Don't have to sell directly a few months later, just need to make sure that you hold it until the peak and then you would be able to sell it.

The trick is that it shouldn't fear you but instead it should excite you because that drop was the perfect time to buy and the people who bought there already made like 20%+ profit already, which should show you why it's important to make some profit. I believe that we are going to see some good returns on this if we know what we are doing, and if we buy at the right place at the right time, but if we are not careful then we are going to end up with a bad result and we shouldn't do that.

There isn't really any negative trend, and I do not think that we are going to see lower and lower, we are going to start seeing the bull run soon enough and we just need to keep at investing into this, if we keep doing that then we are going to be fine. We can have big drops at times, that's normal in this market and all we have to do is keep on buying whenever it drops, that way we can do DCA and make a profit quicker later on.

People sleep on DCA but that's literally the best way to make a profit, if you really want to make a profit then you just have to make some money that will be making good enough return without a doubt, you have to actually get a greater result by considering what you can do.

The one off price is an upset but it would be gone and left behind if it were not for being in a sequence of prices.   Its the pattern that really makes it dangerous here, since March only in May did we not echo this 50k low in some way.   The previous prices were not as harsh, the March low for example was only 60.8k hardly too bad though it was a fall of 13k in just 5 days

If there is a negative trend and each month its got worse, its something bigger then just 50k so that all points to this latest low and that it might continue again in future.

After falling for several days, the Bitcoin price has once again reached a stable level. Currently the market is running between $58k. But some other exchanges including coin base have seen their buying pressure increase after August 5 among large investors which is definitely a positive aspect. If this buying pressure continues we could see Bitcoin price at 64k or higher by the end of this month. The crypto market has witnessed a major decline due to some mixed signals. In contrast, Ripple's victory in the long-running SEC case once again gives a green signal to the crypto market. Although we have not been able to see any direct positive impact in the market yet, we can expect to see an uptrend in the market soon. Bitcoin price is very likely to be between 64k to 70k in the next few days.

Friday's dip remains unconvincing to me. Even considering the last few weeks of selling pressure. But we did bounce off a primary support @49K so even if we might see another continuation to this seemingly meager recovery.

market is so uncertain that people hesitate to buy is the answer, since bitcoin already has hisory of touching local bottom, it can reach that again so people are afraid, if the direction that market is taking isn't that clear at all certainly the buying demand will be lower.



that one time where the price just falls below $50k is the culprit that makes people afraid.

Very well Bitcoin market is still struggling to mentain a position around $60k and several attempt to remain above that price have failed in the last 24 hour's which point to the fact that the struggle for the market recovery is still far from being over and unleas we see a market that retain a $61k+ which will become a more stronger resistance position for Bitcoin to mentain the 60k benchmark, but that the moment the chart is not favorable for Bitcoin and the volume sell pressure and that of buy pressure if calculated then you should know that the market will definitely be heading downward more in the new week, although anything can change at anytime and Bitcoin can still decide to surprise all of us with a new price benchmark in the least expected way and time.

Bitcoin's price movement day also tends to be slow even though it is quite close to the $60K level, but I also agree more with what you said that with the current market conditions, it is better for traders to focus on buying and not selling it. Because Bitcoin investors also do this by continuing to accumulate through the DCA strategy so it would not be bad if traders also want to follow such steps while waiting for market conditions to improve. And apart from all that, I also don't understand why the Bitcoin price is starting to move slowly and looks a little difficult to increase at this time.

As of today BTC price action is still weak but it could develop this last day for the weekly bar into the week open having ended here neutral, into strength.   This isnt a set decline or a determined direction just yet more a failure to proceed positively.

Error please work on this comment, you post doesn't appear well because of mistakes in the editing process as you quote me above, I will be follow-up to see when you edit and correct that error and I will be waiting to correct whatever needed on my own part, this is a frequent mistakes when quoting and editing post's before you post your own replies.

Bitcoin have mentained a trageteray partten of movement, and for sure no matter what the level of the market dip, it will only take time before the price recover back and possibly surpassing the previous price, this is the volitility in bitcoin, and at most the best part of bitcoin, giving us the chance for a come back each point in time when the unexpected market downtrend happens.

Exactly, we have to be patient in the current zone market conditions because price movements are not convincing for trading purposes, the market touched the price of $56k again at the low correction price a few days ago, but if you accumulate bitcoin for investment purposes then the price will not be affected because you are focused on running DCA strategy, the current market is risky for traders if they do not analyze the market before trading, they should not assume the market will move at the same level every day even though the movement indicates price recovery but cannot be used as the main signal for trading.

Of course it's always like this people don't know when to utilize the market by accumulating more bitcoin when there seems to be change in market it could be -2% or -5% only this drop when it increases back you make huge profit back especially if you are trading that could be a good take zone because you have entered at the right time waiting for the market to bull.
Again the market doesn't constantly remain in a particular level, meaning it could be green today and red by tomorrow so anyone who understands the market very well can actually accumulated enough bitcoin.

I was able to convert my few remaining USDT to crab more sats to fill up the bag, since Bitcoin gave us the discount price right now my last bought bitcoins are down with about -2.50% but then I don't care about that since I know very well that the Bitcoin market will definitely rebound and very soon, I will be in gain again, waiting is one of the most important characteristics of any Bitcoin holder's and investors, and no one knows the direction Bitcoin will go, but all together, we are going to remain positive with our total accumulated Bitcoin and having in mind the risk that comes along with Bitcoin investments, we may likely be in the green 💚 zone at the end of the month or not, but regardless we have to keep long term in mind.

Right now, Bitcoin is down -5.4% month-to-date, and we still have 2 weeks to see if Bitcoin will end up in green by the end of the month of not.
My expectations? I'm pretty much bullish all year and it's the same for this month. I believe that we will end up in green when we enter the month of September because I believe that Bitcoin will gradually increase in price during the -ber months. Well, that's my expectation, but I'm still ready just in case it will not happen.

Bitcoin to $70,000? If it's this month, I don't think that it will happen unless there will be a catalyst that will push it's price upwards. So far, there isn't any that's why I don't think it will happen. What I believe though is that, Bitcoin will surpass the $70,000 price during the final quarter of the year. As for what happened in the last few weeks, the recovery really is that fast indeed and I didn't expect it because what normally happens is that, the market will go down sharply then it will slowly increase in price. That didn't happen.

Overall, I hope that most here grabbed the opportunity to buy when it went down and sold it for a short term profit.

You would really be able to see that it cant really be able to easily break that 62k price point on which this is currently the resistance that we are really that indeed to break. Somehow we are really that moving sideways at the moment on which there are no sentiments or other possible news that would might affect the price movement. Somehow making up some position at the current price isnt really that a bad idea to make some entry.
Recovery when it comes to price then this is something that a normal movement for this market to have. Whenever there would really be those drops then it would be normal that recovery would comes next.
It is really just that there are really just that people who are really that not expecting that movement is really that something that too volatile on a short period of time. Instead of freaking out then it would really be better that you should really be trying out to look for some buyback entry.

Bitcoin would really be that always volatile. There are really just those moments or conditions on which its movement is really just that too volatile on which you cant really be able to handle and if you arent that good when it comes to emotional aspect then you are really that bound on making up some bad decisions and this is why its really that important that self realizations and right approach you would really
be needing on the time that you've seen that you do see those opportunities whether getting out or getting into those price points.

The price recovery was pretty fast. I mean not only crypto, but also the stock market did crash in the past week. But bitcoins soon recovered from the 48k USD price mark to 60k USD price. I am sure that many future traders have taken good profits during this time period. The price will now revolve in this recovery zone for many weeks. Hence, if someone hasn’t bought enough Bitcoins, then definitely he can buy some and hold for the long term. I am assuming the next target of Bitcoins will be the 70k USD mark. Let’s see what happens next.

The market is trying to recover, but I'm still getting high selling pressure. As a result, bitcoin is still having difficulty maintaining its price at $62k, and now the price has even fallen to $48k. A few days ago, there was a breath of fresh air regarding recovery, but the market still looks bearish in the near term.

Selling now is certainly not recommended as a wise decision, they should accumulate instead of selling. I don't blame them if they want to sell their bitcoins now, but I don't think this is the right time. Wait longer until the market recovers and they can sell at a higher price than now. The best thing now is to stay calm and continue with the main plan in investing.

Why are you so interested in what the price is going to be in the first half of August or the month of August, are you planning on selling this month or you just want to discuss the price. If you are thinking of selling, I will ask you to reconsider that option. I do not like it when the focus is always about what the price of Bitcoin is going to be in the near month but I am interested in what the price will be at the end of the bull market which if we are following what happened in other bull market, was should be expecting the highest point of the market to be next year when Bitcoin will get its highest price. Still though I do think we can get pass $70,000 because the market has bounce back stronger and it is just looking for a strong support before it begin to rise again then we can see $70,000.

Its always been like this on which the price would really be only having two movement on which going up or own then it would really be just that normal that whenever the price market dips then it would be ideal to be seen this as an opportunity for you to dca or make some buybacks.People would really be starting on buying up on the time that the market price is recoverying and on the moment that it would be making up some decrease then they would really be finding out to be a bad entry and then later on they do cut losses which is really that an absurd thing to be done not unless if you would really be holding up for long term then it would really be just not an issue but if you are going for short term trades then these kind of decisions would really be something crucial or something that you would really be needing up to consider.

What to think about price recovery? Its really just that an ordinary day here on crypto space.Whereas, price do act like a roller coaster on which you would really be needing up to buy low and sell high
accordingly and this is something that you would really be needing up to do. Although this sounds basic but its never been simple nor easy, thats why majority of us would really be committing
out mistakes of having bad entries and exits but well its just normal. Experience would be the best teacher.