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Topic: What do you think of the current bitcoin price recovery? - page 7. (Read 1647 times)

hero member
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Leading Crypto Sports Betting & Casino Platform
For me there is nothing there to think in the sense that for we the old investors who have seen a lot of worse market pull backs than this, we knew bitcoin was going to recover except that I personally didn't had it in thought though  it was going to be this fast. I thought maybe it was going to take a week or more but here we are.

For those hands that took the opportunity to buy massively in the price dip, you guys are the real MVbitcoiners. Cheers to an added profits!
legendary
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Playbet.io - Crypto Casino and Sportsbook
We have the same prediction $69k is much more possible if the price continues and $70k if we see some manipulation or liquidation at around $69k.
I have a small amount of BTC holding when the price is at $52k it's already made a profit but I still keep holding until touching $69k I think after 2 or 3 days we might see the price at around $67k if there's no decline during these 2 days.

MacD also shows selling pressure is getting weak and now there's a change in the pattern but still, it's a symmetrical flag or a symmetrical expanding triangle look at the chart right now it's already inside the symmetrical flag and I see almost all crypto are in bullish 17% increased and I think we will see incoming huge demand coming from Asian countries.

The current price is now $62,630 and increasing.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform

If there is one thing that I have learnt about bitcoin and how the price moves, it is that there is nothing impossible for the price to perform again. If I were told that bitcoin would drop to below $57k after it saw $69k to $70k in the last week of July, I would have argued it very well. At least I didn't expect it to happen that fast.
 
With the way the market is bouncing back, $70k is also not impossible for it to achieve before the month of August runs out. After all, what it's trying to do is return to where it has already touched before, which is easier to achieve than trying to break a new ATH.
Having such understanding give you the true freedom that comes with bitcoin investment because no one believes that Bitcoin will make this level of recovery within this short period of time, some where around less than 40 hours ago Bitcoin was all bathed with red on the charts, and price was somewhere dip but right now, the story is a different one entirely a d this is commendable because Bitcoin have proven once again that he is the king of the market and that it price is unpredictable.
A lot of Bitcoin market analysis have gone ahead in the last few days with most of them pointing to the fact that the price crisis will continue to were we may touch around 45k or even 40k BTC price, but we are not at a level were none expected at that short period of time and that is exciting and hopefully we see more positive market movement.
hero member
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which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
If there is one thing that I have learnt about bitcoin and how the price moves, it is that there is nothing impossible for the price to perform again. If I were told that bitcoin would drop to below $57k after it saw $69k to $70k in the last week of July, I would have argued it very well. At least I didn't expect it to happen that fast. 
 
With the way the market is bouncing back, $70k is also not impossible for it to achieve before the month of August runs out. After all, what it's trying to do is return to where it has already touched before, which is easier to achieve than trying to break a new ATH.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
Alot have happened in the last two weeks and this have weaken alot of investors and twho may have not understood properly how the bitcoin market act at all time, and what have occurred in the market before now and how bitcoin managed to recover from such market dips, we saw that bitcoin dive down to around $52,000 in the last one week and that to me was a great opportunity to buy bitcoin at discounted prices for many who already understood the underlying condition with bitcoin and how possible it is for bitcoin to recover Also in the same diamention that it price drop also, current the price of bitcoin
which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
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