Bitcoin Forum

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

Maybe it could be that the current bitcoin increment is a good sign for us and the end of a deep bitcoin decline, and the bitcoin price may always go up bringing the good.

We have to study the flow and review it from last year's increase and decrease in bitcoin value before concluding. But based on last years data, We can tell that bitcoin has a potential.

Yes its a good sign and i think bitcoin is really recovering now

This is just correction against to down. Now we see downtrend on the chart of bitcoin.

The indication of its recovery is been a week now already, Yes it isn’t as rapidly increasing faster than what happen last year but it’s more natural now and if it will continue surely it will stay high and much lower possibility of big dumping.

Hopefully this will be a good start for all of us bitcoin users, and I also feel like you think that bitcoin has started to grow up and also later after the lunar season I really believe bitcoin will always grow and will travel again in $ 20,000 even more.

Will it get below what price will the bitcoin go down again?

I'm not expecting for a huge dip again but anything can happen in the crypto currency world and it is unpredictable. But as we see the price of bitcoin now, it is slowly recovering from the dip that happened a few weeks ago and this is a good sign of bull rushing in my opinion. According to my personal analysis and data gathering I think bitcoin will break the $20,000 dollars price at the second quarter of this year and the price will continue to rise due to its very high demand and popularity(Again this is only my point of view and personal opinion and don't take it seriously that will happen). 8)

we can only hope for the best, be positive  on chinese new year. For me as long as it is not dumping, the creeping increase is just fine for the time being. The recovery is a good sign for the btc to soar once again this nxt quarter. kudos to those who patiently waited and hodl. Let us not be laidback though we have to continue to be focused and be mindful of its unpredictability and volatility.

if we predict from a week ago certainly obviously has recovered.
but if we see from the end of 2017 still has not recovered.
the right word now is bitcoin start recovery process.
but the coin that I have still still aja gan still fall in price. but now I see in the market the average price of bitcoin and altcoin on the rise .

Yes this is now the start of rising, i read that after the chinese new year the value will have a huge change so we better hold for now and see what will happen some speculations and rumors are saying that this time it will go up to 20k, its to good to be true but the possibilities is there so we better sit back and wait.

I would say that Bitcoin has recovered from its dip and that selling pressure has eased. Its broken resistance and also has got past the psychological barrier of 10K. In my opinion to wait until Bitcoin hits its all time high again to say that it has recovered is a bit unrealistic. Look at the buying that happened in the 1st week of December. It shot up 100% over a week-ish, sometimes thousands a day. This was not 'organic' and sustainable buying momentum, this was silly money coming in that essentially set up the market to take such a hit when the bad news came in earlier this year. There was no real support other than trend lines. Bitcoin has shown its resilience again and has resumed a price at which it can keep upward momentum from. I'm expecting further gains in the short term.

For the current status of Bitcoin, I must say that it is now on the process of progressive increase in it's market price value. Definitely, it is still a very wise decision to put investment on btc as this will give you much potential profit. This will surely rise more that it was before and probably might surpass the highest it had achieved before.

Base on the marketcap bitcoin is slowly recovering. I hope it won't dump as hard as this one for the next fall.

I think it is but normal for prices of bitcoin to fall and rise based on trending of previous years. Hopefully this year, prices of bitcoin will exceed the previous high from december last year.

look at the graph.
https://imgur.com/a/Qyqr0
seen as bitcoin falls ,, prices go back up slowly ,, but surely ,, and it proves that bitcoin will return to its original price and will be very expensive, but i think it will not be in the near future

btc recovering is a good sign of market recovery and it is going to be a good time for the investors and i feel its the best time to invest on it now .

We can definitely see that bitcoin is slowly recovering from its loss of value. I hope that its price will continuously increase for the weeks to come. I've been holding my bitcoins until the day comes that it reaches the price of 15 000 dollars though i doubt that it would happen again. Im not saying that it is impossible, but it would take months before that happens and i must say that it is a slow process. Despite of this i continue to keep my hopes up that this week's price hike will constantly pile up until it reaches my desired amount

yes, the current price which is above $10k proves that the downtrend is now officially over and we are back on track. this price is special because it is one of the biggest major supports that bitcoin has at this range and it works as a barrier.
i was kind of expecting a bigger rise after $10k though, which is strange that it is not happening yet.

It is not recovering as fast as I had hoped but recovering it is. For that my portfolio which were cut about 60% says thank you.  :)

that's right because bitcoin price rises gradually, investors and users have gained great confidence in bitcoin so it's getting richer so it's time for us to buy a bitcoin so much the chance we can earn double

Maybe this price surge is because of the jp morgan bibble. But this is still low base on other website projection.

Yes it is a good sign. Many people keep saying that bitcoin is already falling down but they are wrong. Bitcoin has always been in this kind of situation wherein it is very unstable and always recovering. This recovering of bitcoin shows that the bitcoin’s end is nearly impossible.

yes thank god it is recovering fast bitcoin soon will be back with its dominance soon i think from next month onwards it will touch where it was before

Bitcoin rates have risen to more than $ 10000 today, surpassing $ 10,000, according to many analysts. Bitcoin prices will increase to $ 14,000 in the next few days. Moreover, after reaching $ 14,000, the Bitcoin rate will likely return to $ 19,000 as of December 2017.

Seems like it.  A good jump from the recent dip today.  Hopefully it will continue to recover so we can see some good numbers.

Yes. but lets hope for the best and hodl

I also think like that, I see bitcoin fixed on the line. and hopefully after the end of chinese new year, bitcoin will keep going up and back above $ 15K ...I believe by mid-year, bitcoin will go back up high...

Its value has increased by nearly 6 per cent over the past 24 hours, and nearly 25 per cent over the past seven days. However, it has declined by almost 18 per cent over the past month.

The most recent price drops were huge, and followed reports about potential cryptocurrency regulation and trading bans.

Agree with you bitcoin market in mid-February there is an increase, with bitcoin price recovery I'm sure bitcoin market is increasingly in demand locals and abroad to invest. ;D

Means now marked good enough for you who hold bitcoin and altcoin that feels better price, do you wait to hold up to the more expensive price of your purchase?

It's up around 50% from the all time low for the year, so yeah.

I think that we can safely say that we're in a new uptrend and this uptrend seems decently strong. Unlike with the $20k resistance, the $10k resistance didn't really respond strongly to the pump this time round.


Yeah, same here. I don't know what's holding BTC back at this stage, but sure looks like a correction at the moment as BTC has gone below $10000. Can go above quite easily once again, though.

yes of course bitcoin will experience a price recovery because china's new year is over it is certain china will buy bitcoin and become trigger recovery bitcoin price

We are approching the 10K again and for a good week the price is climbing.
A week is a very long time for crypto currencies, so I really believe that the trend has changed!

But what I see as most remarkable is that the mempool still is quite empty.
We are beyond 40MB at the moment. A few weeks ago we had 200MB.
Maybe that can be interprated that the people who buy now are not traders who cause many transactions, but investors who are here for a longer term.

Of course, $10k was a strong resistance, but notwithstanding, that has not given us the full indication that the downtrend is over. We are still in a downtrend channel, we still have the upper line of the downtrend to test and until after breaking that line upward is the only time we can have a full assurance that it is over.

Nevertheless, with the bounce from $6k region, the volume on bounce back, and the breaking of major resistances so far, with the level of strength that bitcoin is showing using the MA20 as support, I am very hopeful. What we are just having now is a little retrace before going further to test the most important line. Let's see how that goes.

How come Chinese new year could bring hype for the current pump happening? those festivities doesn't have attachment to the crypto's so there's no point to point out that would be the reason on the little price recovery got by the bitcoins, But let's assume that this current happenings is due to the fact that the fuds are been forgotten and been silent for a while that's why the recovery price process slowly coming up on it.

I guess so.Before two weeks ago, the price was under 6k!!It was very disappointing and many people has sold their bitcoin.So,the price continued to stay that range.But this week,we are seeing something good.Yesterday the price reached to 10k!I thinking it was a turning point and bitcoin is recovering it's price which may be continue at least this month.I think so.

it seems so, though gradually rising bitcoin has now started to improve from the last weeks. hopefully this increase continues to increase as we expect later, because it is unstable bitcoin us as users should always be patient when the bitcoin down.

in the last few weeks there has been an improvement in moods for bitcoin, which signals that investors are still optimistic and there is a potential for growth of the crypto currency.

Bitcoin rates have rebounded in the past two days to more than $ 10000, as expected, after the Asian New Year welcome, the Bitcoin rate will return to 20,000 dollars. The investment in Bitcoin at this point is reasonable to make a profit in the next three months.

Bitcoin has continued to mount a recovery this week and had crossed the strong barrier $10k so we can expect the price won't dip as it has become steady. The price moves gradually and had bought an end to the longest rally that was happened in 2018.

It does not seem that 10000 dollar resistance have been broken till now. But I think the price will pass 10000 dollar too. After that correction to 6000 dollar, it's a very good sign. Price rise will continue and it will reach a new all time high.

It will continue to rise, but if it cannot break the next resistance level which is said as $11.500, it will decline, then it depends on how strong support levels are.

The $10k level has been broken through yesterday already, so I'm not sure what you're talking about here. What interests me the most is how easy it was broken, which might indicate an attempt to reach $11k in the coming days. I hope that if that turns out to happen, a new range between $10k and $11k will be maintained for a longer period of time. Five figure levels are mentally more convincing than four figure levels, that's a fact. It gives the market more motivation and incentive to move up further, and that while there isn't much different from when we were still hovering under the $8k level. At least this should give people the believe that it isn't a bull trap anymore....

I hope so, that the threat of corrections is really over . Anyway, there is possibilty that we are recovering in which most of the experts says that Bitcoin will reach another ATH for this year. We just hope that this is the start of their predictions because FUD is now few against the good development that are happening in the whole world in favor of Bitcoin.

At least, not having a rapid change but some solid candles and slow growth sometimes, can be a very good thing for strength, the more the rally within a region, the better and stronger the support in that region gets, so let's hope that we are in for a good fight against the resistance and the bulls are able to win to start pushing the price of bitcoin to the upper region.

Yeah, everything about the chart right now looks good and that is a good sign, obviously we cannot say much yet until we glaringly see the level of recovery the trend gives us, so let's hope it is the end of the downtrend when we go testing the downtrend line and see if we can take that out of the way and see the trend change totally. Eagerly waiting for this anyway, so let us see how it happens.

Bitcoin has always have potential and irrespective of what we started with last year, we can all see even the level at which we bounced back from, so I do not see bitcoin really getting hugely low anyway. So far, we have a good sign of recovery, we cannot say much yet but hopefully we get to pass this phase and continue back on our way to the moon. We still have a lot of walls to squash during this process.

We are breaking some huge resistance, having a little retraced and then seeing if we can try it again to break it. So, I believe bitcoin is recovering.

Not a full recovery yet, but we are in the process and we really hope that it does recover fully so we can start the last of the first quarter of the year in some good values. Over time, we should be able to tell where we are going, but for now, we are in that mode.