Topic: What do you think of the current bitcoin price recovery? - page 5. (Read 1675 times)

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.

We are all just speculating the possible bitcoin price in the now and the near time to come, and what Will happen in the next minute to come we can say since bitcoin is a volitile asset's that it price is mostly unpredictable and at such we all can just do guess work and nothing more, right now, the month is far spent and we are almost heading to the half of the month and yet that haven't been any significant improvement in the price of bitcoin, bit that also, that can not outrightly override the possibility to see a 70k prices in the bitcoin market anytime before the month end although I am not saying that this is a guarantee but just possibility.

It’s actually possible but there is higher probability that bitcoin price will experience another price decline within this month. And I don’t see it any surprising because judging by the high volatility of bitcoin, it can go up instantly but it can also go down when we least expect it. For now, I’ve learned to just accept that bitcoin price is really unpredictable. But I’m also not losing hope that at the middle of this month, we will see price reversal and chances are, it could even go up straight with slight price fluctuations.

$65k was resistance I expected to break during mid-August, but the market has not shown much of a recovery after surpassing $62k. Today's price corrected again to $58k, but I believe this is only a short-term correction at the end of the week and will test $60k and above again at the beginning of the week.

So far I'm not worried about anything other than just worrying about not accumulating when I have the opportunity. The opportunity for accumulation was wide open during the correction, but budget requirements for other needs meant that I failed to take advantage of it. At the end of the month, I expect $70k to be tested again.

$70k is possible for this month but I let it slip for this moment because too many factors have been stopping it. Ghost month, the sudden crash but then the recovery was there and we're back to $60k. This is a normal thing for Bitcoin to recover back to $70k but it might take time I am not in a hurry and this is a good thing. The slower that it goes, the one push away is about to trigger anytime soon. Speculations that I have read make sense that we might see a lot of money flowing again that shall push the demand higher by the end of this year. We still have a lot of time for this bull run and people are becoming too impatient because they want it to happen asap. Looking out at the start of this year, you'd say that BTC is doing pretty good.

I'm a little bit disappointed that the price recovered so quickly. I assume that the August 5 global market panic was short term, but there's always the possibility of another global price crash and panic on the global financial markets(especially if the Federal Reserve doesn't step in with decreasing the interest rates). I was hoping for a summer bear market, but this isn't happening. There's a lot of optimism about the future Bitcoin price and the BTC traders/investors cannot get discouraged by bad news about the US economy(or the geopolitical situation).
I read news about FTX paying out 13 billion USD to it's investors/creditors. Maybe this will start another crypto selloff round and we might see the BTC price going back down to 50K-55K USD.

That's why we often say that we need to be educated before investing in Bitcoin. There is a high chance of losing if you invest without proper education. Many Bitcoin holders have suffered greatly in the past few days. They do not have proper knowledge  when to invest and when to buy due to which they are likely to lose. Many investors have already failed to hold their bitcoins. A new investor considers a price dump in Bitcoin as a loss but an experienced investor waits for the price dump to happen. They think that a fall in the price of Bitcoin means an increase in their profit margin. Because they try to hold more bitcoins whenever the price drops. As a result, they dream of buying more bitcoins at low prices. Currently, each bitcoin is worth slightly more than 60 thousand and since the bull run has not yet started, it is important to hold more bitcoins.

The significant recovery indicates the potential for bitcoin to reach $70k this month but we have to analyze bitcoin's movements in the next few weeks to ensure bitcoin can reach ATH soon, based on reviewing the current market recovery there is little chance that bitcoin will fall back to the correction price of $55k due to market enthusiasm indicates a significant increase in the future, if the market can reach a new ATH then the crypto market has made a new history of reaching ATH twice in the same year, we hope that the speculation will come true and we will look forward to the prediction being realized soon.

"I'm speculating a 5% weekly factor for August on Mondays, bought on Friday and sold on Monday..."

Nothing special is actually happening and the best thing about this volatility is that it seems to be organic, every month of the year 2024 has been highlighted by this behavior of a minimum of 10% on the red candle.

The current price is also not too far from $62K which could be a sign that everyone can still expect $70K price back in Bitcoin this month as it is not too far to expect even though we have all seen how the price started to sideways a bit at $61K level as it is now. But that does not mean that everyone should not expect such a high price as considering the expected amount is also quite reasonable and not too big although we might still need some time to see it back in Bitcoin this month.

currently bitcoin is in consolidation phase, it can go down or go up the market decides, but seeing the narrative and the fact that there has been many bullish news about bitcoin I think i'm more of an optimistic person these days hoping that BTC could ever breakthrough again to $70k, I might be biased since I bought at below $60k though not exactly catching the bottom since i'm quite hesitant in making the entry back then but if bitcoin were to breakthrough to $70k i think it's gonna be great.

it will also let bitcoin to have the last big bullrun to reach that $100k price in the future.