Topic: What do you think of the current bitcoin price recovery? - page 4. (Read 1675 times)

For those people who are really that taking this first bull run experience whether on Q4 or on Q1 of 2025 then its something that will really be just that a normal approach or thinking  that they are really that excited
into this upcoming event on which everyone is really that anticipating. Somehow it would really be better that you shouldnt really be that making yourself that being too optimistic towards the market because
we are really that still hovering ourselves towards the market on which anything could really happen in a snap.  Price recovery and dumps will really be just that always that tie up together. Instead on making yourself that thinking up too much about the bull run thing, then why you cant really just that make yourself minding about getting some opportunity on getting on low price whenever the market corrects or having some dumping state?

Always put up into your mind that market could really be that so volatile and there's no way that you could really be able to predict on where it would be going. This is why on the time
or moment that you do find yourself having those cheap prices then it would be ideal that you should really be accumulating as much as you could or simply speaking about DCA.
This is why its important on having those kind of mindset or thinking whenever you do see those opportunities.

The realization of bull run coming is such a good period that I love it every time it happens. There are way too many people who do not see that unfortunately and because of that there are too many people who make mistakes. We need to make sure that people know that this isn't really the way it will go and the bull run is coming. Historically speaking, we have seen that whenever there is a halving, it takes about a year to peak and we will probably peak by spring of 2025, I have that feeling but I can't guarantee it so I do not suggest anyone to do anything.

However, I do accumulate myself, because I know that it has happened before and I am feeling like it's going to happen again, we are going to probably end up with something much higher eventually. This is why accumulating right now is a great feeling, I do not have nearly as much as I want to have, but I have some and I am hoping to get even more in a few months, with the hopes that I can get before it starts to go up a lot.

Weak hands should really think about what they are trying to accomplish by investing in this market, after all the movement that had bitcoin reach a price close to 50k not too long ago is not exceptional at all, as we see movements like that all the time and we will keep seeing them on the future as well, so unless they can accept this is the reality of this market, then they will keep selling their coins when that happens and losing money will be inevitable for them.

That price fluctuation is a natural thing in the bitcoin price movement, although indeed at that time the price reversal was quite high, and I have the same thoughts as you, for now we are in a sideway zone, which certainly the price movement will not fall significantly or rise exponentially, the price of bitcoin needs to consolidate and needs to form strong support at the price zone level, it is useful to jump higher for the price of bitcoin.

For things to get much better then we need to look at the long term in bitcoin, price volatility is normal, even if it is tens of % in daily price increases or decreases.

This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.

This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.

Everything is possible with bitcoin, it can exceeds the price of $70k but it can also move downward dramatically and reach a very low price. With its high volatility, both are very possible with bitcoin. However, what I see in the current market is a constant price decline at a small basis, which is not harmful at all. Probably this is not the right time yet to observe price surging with bitcoin, but eventually in the next months to follow, I have this feeling that bitcoin price will create some progress until we start seeing positive prices of bitcoin again. Patience is a must this time.

August is almost over and Bitcoin is still struggling to maintain a stable price above $60,000. All the high hopes that traders had for the month of August is not going to be possible again. To me while looking at the movement of the market, it is looking not possible for Bitcoin to be above $70,000 in August. I know the market can shift at anytime but the more realistic price should not be above $65,000 and selling Bitcoin at that price now is a wrong move when you can wait for a few more months and be capable of selling Bitcoin at $100,000 or above that price because although the market is not looking very good right now but still there is hope that when the bull market comes with all full force, that the price of Bitcoin is going to be trading very high and gets us to a new highest price.

We are in the bull run and these corrections are normal. If you are new to this market, you'd lose your patience and you only want to see the moving of price positively.

But that's not how it goes for Bitcoin.

And let's wait until autumn or even longer and hope that $70k will be reached again and more than that soon.

We noticed that a lot of volatility was complete for the entire tie bitcoin market during the month of August. Early August saw a lot of dumping in the Bitcoin market which reached a 2024 low of 49,000. However, even though the market reached $49K, the current market has improved somewhat. At the moment the market is standing at 61 thousand dollars. But I don't think the market will reach $70,000 by this August. Many may have taken advantage of this dumping market. Those who have been able to exploit it are at a bit of a profit right now. However, even if the market is down at the moment, no one should panic about investing, surely the market will grow and it is expected to achieve a good position by 2024.

70k on October or not, we wont really be able to know on whats ahead. Price of bitcoin or its value is really that making up some consolidation and its true that we are really that still moving sideways
and it would really be that hard to guess out on what would really be that next move of the price. We are really that still midway of month of August and here comes September on which its still
been known that the market wont really be that good on this month and here comes that October on which we do pretty sure that everyone is really that waiting up for this month.
Although there's no sure that it would really be that following on the same path just like on the previous cycle but we do know that it might not be the same but it do always rhymes.

This is why if you do really see this condition to be the sweet spot for you to make some entry then better do it rather than on making yourself that be missing out on buying with
these cheaper prices. The thing what surely other people which are waiting is into that possible 40k+ price point or drop or even lower. We arent that still yet
but we cant be able to tell whether it could happen or this would be the last price support before making some moonshot.

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.