Bitcoin Forum

It's not entirely recovered, there's still a long way to go for that. It's dipped 10-15% the last day or so but that's probably just because it was facing a lot of resistance at 12k. The same sort of thing happened with 8, 9 and 10k but each time it returned to break the resistance.

Not so sure about March, I'd say more possibilities in May.

BTC resistance level is at 9.5k . Bulls have to fights with bears to hold resistance level.

if bull wins , we can expect to see 15k level soon , probably in March  else Btc again can see 7-8k level.

We haven't broken $12K yet and its looks like a big wall in front of us. We will reach as high as $117xx and then it will goes and dip again. I have noticed this pattern in the last couple of days, but I do hope that it will be finally surpass at the end of the month.  So its going to be a tough.

So its really hard to say what will be the price but eventually we can catch up and settled around March. Maybe we could get around the are of $12K-$15K.

It is showing positive signs already. I think will will see $20000 level by April end.

If the timing is right we might be able to see Bitcoin back up at 12,000$ and above again. Right now is still accumulation stage by people who are looking to increase their Bitcoin in the course of this lower highs and then lower lows which is really a good strategy for a down trending cryptocurrency. The question is when in March will it recover or start trending upwards as  we don't know when will the whales stop accumulating Bitcoin.

Yes, bitcoin is already recovered and it is good for all of us because through this we can receive such a great amount of money for our needs. Bitcoin is really great because it really gives many people such a great opportunities ro work and gain without hesitation. Many people will be thankful for bitcoins recovery becauase it really helps a lot.

For now with being at 11000 usd, it's better. rather than later rising above that figure but later it will fall quickly. that's what I fear so much!  >:(

Bitcoin is now recovering, so we should help, stop panic selling and hold your BTC shares. It will help continue the rise of the price again.

I think there is still a lot of panicing in the market. With yesterdays minor slide people freaked out again, calling out "5k up next" etc. So I dont think we ve shaked off all the weak hands already

well hopefully in the next month maybe it will reach around $15,000, this is the good sign of bitcoin recovered hope this will continue up to the next month and no negative news about cryptos.

It's the same pattern I noticed, but 12k has a lot more resistance than the previous levels did. I think after the price failed to break 12k for a few days this brought back some uncertainty and reduced confidence in bitcoin and the recovery. That's why the bears have been able to take over a little the last day and we can see the price is under 10k. There are very few support levels of any real significance which is tricky. 9.5k looks like a strong support but after that it will be about 8k. Let's wait and see. The good thing is that next time the price does recover to around 12k (be it in a few days or a few weeks) the resistance will surely fall because it will be after finding a new bottom and a level of support. Also there will be less people willing to sell as many will have bought recently.

I heard a lot of speculations about bitcoin going down even more (in early or mid March), but they are not provided with some trusted information, so I will just believe in BTC recovery and well-being :)

BTC always goes back up after the fall. It may not rise as quick as you want it to but it goes up. What matters the most is if you can hold longer. If you expect the rise will happen quickly, make sure you have your coins on the exchanges  so you can easily dump because for sure there are better guys who does that quicker than you. Also buy back again.

Presently we're seeing a quite sizeable dump off due to the new heights that we were able to achieve.

I think that we'll stay bearish for the week to come. Don't think that we'll see any uptrend before the market completely stabilizes and finds a spot to consolidate at, which I think will probably be at a sub-$9000 level.

We'll still be much higher than what we started with at the start of the month. So you could say that we've already recovered.

But after that period of consolidation we'll definitely see a new recovery trend upcoming. Potentially this time to $15k+ and establishing a floor at $10k firmly.

I don't think it will go up in March. I think it will stay put in 7000-10000$ price ranges because bears and bulls will have the fight first and whoever wins it will dictate the direction of the market. As of now, we are seeing profit taking and of course those who want to buy bitcoin for sale in the current price. I don't think it has fully recovered though. I expect btc to go up by april or may if bulls win the fight.

100% agree. I don't know what's with the $12K barrier but it seems that its really really tough to go and break it. The highest peaked that I witness is around $11.7 and then the market goes into another pirce correction, but this time its worst. The last 3 corrections, we end up well above $10K, but now, that barrier was also broken so I'm expecting that's it will be a slow and long way up to $11K again.

Yes, the support currently is strong at $9K but honestly, I don't think it can hold up and as per TA it can go as low as $8.8. Let's say that it should be another good buying point for all of us if the price goes that low.

Bitcoin is below $9,500 at the moment.

I voted for the $7000 - $10,000. In order for it to break above that range, there either needs to be some good news, or some world event that makes people switch to bitcoin, or some reason to tempt noobs into crypto.

I can't see where any of that will come from, so we are going to trend sideways for a bit.

i will go up in march mate people will invest and i think a bit of decline is acceptable here to see a pump in next days so if prices goes back to 8k or 7k people will invest more and this will create a high demand and prices will rise,

I voted for 7000-10000, because I don't think Bitcoin will show anything better than that.

Unfortunately we are in some magic cycle now and I don't expect to see new ATH at least for 6 more months. The only chance to make good money in this period are the good ICO's.

I agree with you that new ATH is not close, but I expect to see price over 12k dollars in next months, but not over 15k dollars. Now when bitcoin transaction speed and fees are back to normal people will start to use it again like before, add new people and demand in next couple months needs to rise. News are great because there are news everywhere, bitcoin is in the news all time and people now wait to see what will happen next. Many people see benefits of crypto and with first glance they are hooked and they need to find something interesting in crypto world, more people are coming. I feel that around myself, even hardcore traditionalists are asking me about bitcoin and what is happening.
I'm not anxious to see new ATH, I have time for waiting. It can come for two years, I plan to be involved all the way.

Bitcoin finished its major falling started from December and below 6k was the dip in my opinion. It raised up to 11k and now it is correcting and price may fall dow to 8.5k soon. I am hoping price will make rally after that point and Elliot wave analysis is the way of my expectation.

I’m speculating sideways movement for a while. I think there will be some fluctuations between $8000 and $12,000 in the Bitcoin price for a few months before we see a breakout in the positive direction toward the end of the year. I could be wrong and it could be quicker but recovery from a crash usually takes time and possibly up to more than a year.