Bitcoin Forum

On the unexpected outbreak we recently experience it has a huge impact to the world stock market and especially to the bitcoin the market price of the bitcoin from the highest peak of 8k dollars in just a week it drops for over 3.9k dollars and that was so huge for the changes, but now some of the analysis this it just depends on the people if they keep supporting the use of bitcoin to make it back to normal also when the halving is coming most of the time the price of the coin goes down to it's the lowest point and recovering for a while and made a lot of profit come back still the problem is today it is continuously declined the use and increase of the price and the bearish market will still last long if we do not make any changes too.



Source : https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1

It has touched the low for 2020. It's actually the lowest since Spring of 2019. Isn't that a low? To me it is. There's no rule that it has to retest the 3k low. If that's the low you're looking for then why not choose a bigger timeframe and wait for a 1000 dollar low or maybe the low from 2016 where we were at 300 dollars?

If we stay above 4000 dollars it will be a higher low from where we were a year ago which is great. If we go below 3000 and stay there it's going to be very bad for mining and the whole industry especially if it happens after the halving. I think that we'll go up from here.

Of course it will depend on people to keep the ecosystem running. But as far as recovering, we really can't say what's going to happen next month as this will be critical for the markets around the globe. Do we have the initial vaccine that time? I'm sure everyone will react positively if World Health Organisations will report that a vaccine has discovered, otherwise we might see the price going to $3k-$4k prior to halving.

Saying the price recovers because of the price swing is early to tell.

Let's not make a good expectation for this slow price increase. At least we see the possible bottom.

We can't say what will happen next as the world is still dealing with the pandemic virus. Bitcoin shouldn't totally be affected in terms of crypto market-related activity but since the world economy heavily got affected too and people really need some money to support their daily living, bitcoin was being part of its domino effect.

Bitcoin is not recovering enough, it's still showing the volatile nature every day! Though from 3900 to 6700$ was a good comeback, but the price chart says bitcoin yet to touch the support level to be bullish! I think Bitcoin needs to go under 3500$ before the halving, so, we can see a real bull run after 6 months of halving, otherwise, I am not sure bitcoin can overcome its previous bull run!

The market continuously drops from $9k to $4k plus, then it bounces back $6k up to this time. I think that the market is recovering, yet it was just very slow because many people are still selling it at low by now. The resistance and market support isn't that strong to push the market instantly to the high. I believe we can see a fully recovered market if this pandemic effect of COVID-19 will be over but think how long. And probably we have to wait for months or even a year.

Well,  from the price of $4600, we can say it's recovering, however, comparing the starting price against the current price, there is not recovery yet.

At January 1 this year, the starting price was at $7100, while the current price now is $5800, still below the starting price, therefore bitcoin needs to at least rise to $7500 so we can say it's really recovering.

Today bitcoin is down 5%, that' significant, hopefully it will stop and bounce back.

https://coinmarketcap.com/currencies/bitcoin/

If it isn't just because of the Covid-19, bitcoin won't drop this much. But this is one of the reasons why many believe and happily holding because of its attribute to quickly recover.

It has actually recovered from the bottom pit of $3900 and heading towards $7000. We can say confidently say that it has recovered that much despite the huge drop that it made still there's a pull back we've seen.

I really shocked when the bitcoin reaches 3,900$ because based on what I have read on some articles that it would only reach to lowest price of 6000$ but in unexpected things happen, where virus or this COVID-18 attacks the whole world bitcoin is really affected by it because a lot of holders, investors, players, etc. pull out their money and converted it into fiat currency to purchase things they need for the virus.

I hope that when bitcoin halving many people would still support the bitcoin, so it would still recover from being dumped, but I think they will because bitcoin is really a big help for them especially for there financial purposes.

No one knows the impact of the virus, but that is happening now. We cannot do anything related to the market. But we still have a hope to see a big jump in the future as we are at the lowest price, and there will be a time for bitcoin to increase fast soon. COVID-19 already impacted all countries, and many people are suffering because of that virus. And that news has given the effect to bitcoin price too, but we don't know how big the impact on bitcoin price. We hope that the virus can be controlled. So people can still support bitcoin, and who knows, after this crisis, people will see the advantages of bitcoin that they can use while they still at home for recovery.

Price recovery won't be visible until the panic in the market
due to corona scare subsides. Though the pandemic may only have a little effect in crypto space, but it is destroying the global stock market.
As we can see, the price has stabilized at certain range of above $5,500 to $6,000, it is not because there are still a lot of people who took advantage of the price slump and stacked more Bitcoin instead of panicking, which is the right thing to do.

Be aware of what is happening in the world.
That is your clue right there.
Somehow the bitcoin price could react into it. Not entirely though. Just some part of it.

It had already been a crazy roller coaster ride with the price of bitcoin. Some financial analysts would not see this as normal kind of investment.
Again, buy it at your own risk.
But it is true, it will always depend on how much will support it.

I think this recent dump of almost 50% on Bitcoin is likely become normal as the time goes by. Compare in some stock markets where you will see a big impact on it, but if you are in cryptocurrency and able to feel or experience some drops in stock markets or other markets, it's kinda much not so worry feeling.

Bitcoin had a rollercoaster week just a temporary pump in a day cannot be considered as it is recovering, the global economy has already destroyed by the corona scare and I appreciate BTC is managing this tough situation, if the corona wouldn't have happen then the price would have soar the market. halving is my big hope let's wait and see how it reacts on that time.

Bitcoin will remain at the price of $ 5k maybe it's the right time to be in the zone now because with the global pandemic so the price of bitcoin is becoming heavy fluctuations because it changes every time no one knows it will be a bullrun coming along it certainly is more likely halving will occur on demand will slightly increase before halving occurs.

But, when we are talking about bitcoin then it is just normal.
It could go crazier like last 2017 to 2018 when it goes from 20k then back to 4k I think.

Now we are just 3k lesser than what it looked like the bottom of bitcoin which is 9k last month.
It will be easier to say that this is the right price to buy now or just regret it afterwards.

I can't call it recover exactly on current situation. Because bitcoin showing much volatility at the moment. I have a different thoughts about so called recover, during world panic some rich buyer just trying to accumulate some bitcoin and that time we experience a bump and its resetting again. Its true that bitcoin is trying to stay above $6K zone but not sure how long it could hold. Because if global economy doesn't recover then I don't think bitcoin would  recover itself. Perhaps we might see little pump during halving but less than from our expectation.

@reid Or perhaps be NOT aware of what's happening in the world. If anything, it was all this awareness of what was going on, combining with all the misled belief that Bitcoin would do well if the rest of the world went to hell, that led to all this panic selling. Thinking long term for me is still the right way to do it. And long term, the existing system of money and finance needs a reboot. Bitcoin is that reboot. Just not everyone's caught on yet.

BTC is going through some tough days well I cant say it is recovering but it is okay when compared to last months performance, BTC is steadily going down for the past month. Most of them believed crypto price is correlated with stock market price but now it has proved the guess are wrong, Not only BTC the whole crypto market is down at the moment and I certainly believe that COVID-19 could be a real issue for this crap. Hopes are healthier and let's believe things will turn around and BTC will come back with great enthusiasm.

Yes. After the last panic sell, Bitcoin tried to recover very quickly. Where Traditional Market is going down daily, Bitcoin is going uptrend. But Bitcoin is still below $7000. Bitcoin needs to cross this $7000 mark, so there is a possibility of a better upside.

It is great to have a nice opium dealer and dream with that 50k BTC for the halving blablabla.. for the rest of you that live in planet earth, you should turn on TV or surf the internet a while to find out we have the biggest recession ever seen. There won't be any vaccine anytime soon for Coronavirus, and the scenario can only go worse. All markets will dump and crypto much more. There "digital gold" and safe heaven are just uthopia. Don't let BTC maximalists shilling BTC influence you.. People won't hedge their wealth in crypto, everyone will cash out to be able to purchase goods in the upcoming future when the crisis kicks hard.

Yeah, you can hold... I will just rebuy many fold times the amount of BTC I got now. think this is bullshit? think twice. this was exactly what people though when BTC was traded at 20K 3 years ago, and it reached 3.4k again.. mark my words. Soon we will be able to purchase at these prices again..

https://i.imgur.com/IP7j6BN.jpg

I got your point but the current situation might be favorable for Bitcoin to surpass $7000 as it has started uptrend but it might go back under $5000 again due to lesser transactions as this novel corona has temporarily paused earth. We should be thankful for the force behind the recent uptrend and I don't think we can expect much under these circumstances.

Volatility, big whales cashing, covid-19 panic... We can add more theories but getting $3k is not reasonable for me and it is very low and risky for many traders especially who bought over $4-5k.
Imo $5-6k is a logical bitcoin price for consolidation before getting back to +$10k somewhere near the halving

$3,000 level might not be reasonable, but definitely possible. If Bitcoin block halving happens to be not happening this year, the price could've been worse than what we are seeing today.
A lot of people are still very optimistic about the effect of halving to the market, and a lot of people are still buying at this current figure, the reason why Bitcoin didn't fall and stay behind at the $4,000 level.

The pandemic ncov-19 really affected the standing of stock markets including Bitcoin. But, these past few days we could see the gradual increase in the price of the coin, from a value ranging from $3,500+ to its current price at $5,600+, if these would continue we might conclude that the market is already recovering from the effects of the virus.

These coming months would be great for Bitcoin because, as the countries begins to adopt in the pandemic, sooner we might get rid of the disease and impending demand would come up. Also as the coming halving event comes closer, this would be a great turning point for the standing of Bitcoin.

i disagree. mainly because halving effects that you are talking about are only hype-based and that only lasts a very short time. which is mostly 1 or 2 months before the halving not all year long. but also because we have already had a nearly 50% drop, it doesn't get any worse than that! if the halving hype was in effect the price should have fallen about 20% tops. any more drop than this is extremely hard and requires a lot of manipulation.

If the COVID-19 panic continue while no vaccination is detected there's totally the chance of bitcoin market to downtrend to the $3000 even during halving because more business will be close including some other activities and some  crypto investors/traders will have no choice than to sell some of their holding.

There is still another month to find a vaccine to treat Covid-19 because halving will occur in May I think there is still time for scientists to find it.
I do not expect bitcoin will fall again to the bottom let alone reach $ 3000. Let's see what will happen even though there is a lockdown happening in various countries, but they are still confident about bitcoin that will be able to fly high to go up.

Will see, but its necessary that we will remain optimistic, and for me, we don't really need to see a bullish run before the halving, we can achieve that after if it would really happen, this vaccine for now is what we really need, and the market will resume as usual.

Just forget about any vaccine in the next three - six months. Bitcoin halving will occur in May so before even the stabilisation of the pandemic around the globe. Finding an efficient combination of drugs is the best thing that could happen in the short range which several ones are already being tested...

Oh, that's good. I didn't though about that.
Maybe I became focus of current events because of threads that are being created here in the forum which connects everything with bitcoin.
Sorry about that. I have been dragged by them or drugged.  ;D

I love what you said at the last part. "Bitcoin is that reboot." Wow! That is deep if deep thoughts will be given.
Can we really see a world with bitcoin as a normal payment? I would really love to see that while my sight is still working well.

The first time prices dropped down I was really assuming it was manipulation because the halving was getting closer so maybe the people who dropped it took advantage of the economical situation when people didn't had the money to buy bitcoin and increase it so they started selling a lot to drop the price and that way they could buy smaller and smaller and slowly.

What people do not realize that, if one person can sell 100 million dollars worth of bitcoin all at once and drop the price, they could continue to pay 5 million dollars a day without increasing the price too much, so they end up having a lot more bitcoins but same amount of dollar investments usually.

Yes, it is recovering. But we can not say it already recovered / the matter of time to recover. Because we can see another dump any time. Market is now out of control actually. If suddenly the price dump 200-300$ in short period then another panic might be started again.

$6.5k right now. This is half of the 0.618 level in the fibo sequence. No, this is not a recovery, its just another bull trap. And its moving slow, as always did during this long bear market.

Remember the fibo sequence was extensively used during the bull market, and now is ignored. Why? Because anyone with half a brain can use it to check whether bitcoin is recovering or not, and at the moment, its not.

panic has begun, today Bitcoin dumps $ 100 again, and survives at $ 5900, I hope $ 5900 is a strong support that must be met, otherwise the panic will make the price of bitcoin fall deeper, hopefully all is well, keep healthy

I don't call it as panic, it's juts a minor dump and bitcoin is not back at $6100, with that price, I am comfortable that it we are in a strong level of support.
Bitcoin is likely to pump than to dump with the way it's moving in the past few days and i like to believe the market will be bullish next month.

in addition, after the decline, the price of bitcoin has always recovered. what we need to realize is that at the moment the price of bitcoin is still quite stable at $ 6k, and has not yet shown a lower or higher price. I'm guessing that prices will go up and down only around $ 6k. besides, after the decline, it looks like the price of bitcoin will again be above the $ 6.5k price

Bitcoin has recovered but it has not fully recovered from where it has dump. Prior to the dump that make bitcoin reached $4100, it was trading at $7700, so compared $7700 to the current price, we still need some uptrend to get back on the original price.

I will not consider it as recovering until it goes beyond 8k, these temporary pumps cannot be calculated as recovery. Right now the market is very volatile, the next two 2weeks will be the decider.

As halving is expected to be in May the price may similarly increase but still anything can happen because the current situation looks like it will be very hard to see a pump due to corona scare.

As usual it would really a bumpy ride if we do base up on the peak price that we had on previous months.Now btc is price on 6800+ and still tanking into these levels.
We cant say that this one isnt a recovery since we have seen some progress on its price if we do compared on lowest low for this year and at least for those who bought
on the dip did already make some profits. As a trader- no matter what kind of situation the market has, you can utilize those movements to make up some money.

The wider picture is we are in the area of december lows so I think this is the place where more challenging action will occur. 

https://talkimg.com/images/2023/06/12/A7Vt9.png

Shorter term picture here, we see the sharp pin which shows resistance is in play apparently.   Yellow bar is a 33 day average which if we can pass and confirm above is some positive, however I just consider this price to be neutral at best.   Its gone sideways and it is staying above 2 day average for the moment which shows some positive energy still but as we move into the week we'll have pressure to perform or I expect some weakness or sell to occur as a test.

I think in the next 2 weeks will be critical for bitcoin. The daily RSI might indicate that we might see some buillshness and that it could happened in the next couple of days or weeks. However, the long term case for bitcoin remains very positive and we might say that the Covid-19 pandemic really made bitcoin more stronger than ever. So let's see if we could see a rally above $7k, which is the current resistance levels.

we have done 4k so i hope that's the bottom price.

Recovering?yeah because after falling that Low now we are seeing closing to 7k value as CMC recorded now.

https://coinmarketcap.com/

but prior to halving?we are 1 month before the event yet nothing seems very good so lets just Hope for Miracle that halving will give as Bull market even we are in this condition.

The daily rsi is now above the 50 area and for me it is considered as bullish, but there is a major resistance at around $7000. You can see that there are many wicks there and it indicates that the selling pressure is high and there is a big possibility that anytime that the price of the bitcoin reached that area, we can see strong bounce that can cause of the decline of the price of bitcoin.

Looking pretty sunny right now, very optimistic outlook with a break past previous resistance and we approach 50 day average and its not even a month from the main sell.   However I dont believe in fairy tale endings so I expect a dragon to appear :p

https://talkimg.com/images/2023/06/12/A7JXw.png

had dropped to $ 3800, now Bitcoin is recovering at $ 7000, an increase of almost $ 5000 in a few days, but you must be careful, because the market is still very bad, corona virus is still not gone, I'm sure the price of Bitcoin will go down again before halving begins

I hope this increase can last. I think the price is currently approaching $ 7,500. however, it is still too soon to be happy, because sometimes when the price of bitcoin reaches $ 7k, many people want to sell their assets and cause the price to drop to $ 6k again.

But I think we still far from $7,500 because the price now seems stable at $7,000-$7,100, but I don't know if, in the next hours, a massive order buy will be a queue in the market so that can make the price start to break the high price. If that happens, then this week, we will see another jump for the price, and who knows, the price will be at $7,200. This situation makes some people happy because they can sell some bitcoin and get the profit so they can wait for another dump. Yes, there is no guarantee that the price will be staying at a price now.

We need to get out the $7100 price and move higher so we can expect another run, if we failed to break the resistance then we will be having a problem, bitcoin will dump again or just swinging at a certain price range.

I highly doubt it would stay at the current price, nor would it increase. A rise of 4-5% is quite plentiful already, and the market would most probably correct that. Slowly the average price per day increases, but I doubt a huge rise that would disrupt that increase would happen. A decrease in price of up to $6.9k should be quite plausible, and well, another week of heart-wrenching ups and downs I suppose.
The vaccine is reported to take a few months before it can actually be developed. Initial testing has started already, but as what my words state, it's still at an initial phase. Still though, there's a chance for the price to recover successfully, and that is if every country, especially those at the top, are able to quarantine and lockdown the spread of the virus, only to those places that are already infected. BUT, if the virus were to somehow, evolve/mutate one way or another and actually find a way to spread different from what it has shown already, then that's another case of panic altogether. Well, we'll just hope that doesn't actually happen.

Having +$6000 price for a quite period is good, we need a stabilisation phase and why not every few days we see a +$250-500 rise. Obtaining a sustainable price +$8k before the halving is the best thing that could happen imo

We never know about that but bitcoin will have the possibility to increase still ;D

But yes, I admitted that the bitcoin price already increased, and if this week, bitcoin price does not increase higher, then we might see a correction. I doubt that the increase in a high price will happen in short, but I will not deny if the price will increase for a small price. It makes sense if the price goes down at $6,900, and that is fine to see that price. So we can hope that if the price is down, the down will not go far below $6,900.

The market would be hype if bitcoin will reach at that level.
Bitcoin now has a great price increase, it reached $7000 again and we are again hoping it will still continue to rise, unlike recently that it dropped.

The halving is approaching, maybe we are really set to see a bullish market at this period, despite the fact the the world is in crisis.

well now we had already at 7k$ resistance so is this what we are waiting for?
is this the month awaited start of at least small bull?
what?increase of 5000$ in few days?lol from 3,800 to 7000 it is just 3,200 so what is 5000 increase there?

but at least we increased up to 40% and up from that 3,800 fall.

It's a good sign that we are on good track even if the crisis still happening in the world but I'm still careful on what's happening these days since maybe we can see a fall since the market still not in good shape right now, and we should outsmart the market so that we can earn with the good flactuation happening these days.

Specially for those people who do able to buy on 6k levels will surely short out for getting their profits.Its good to look at that the price is slowly climbing back to recovery
but i agree that we shouldnt be happy yet since price can dump once again unexpectedly.Dont know whats the cause of this increase but whats more important is that
we do know on how to deal with these waves to make money.For long term aspect then lucky for those who bought on the dip and still holding atm.

Right now the cryptocurrency market is showing an important recovery and the rest of the markets did the same today, however it will all depend on how the crisis keeps evolving, the US is now at the epicentre of the pandemic and if this continues whatever measures the government is taking will not be enough to curtail the huge economic effects that will come, and while bitcoin will eventually benefit long term from this crisis during the short term it will go down as people cash out to buy the stuff they need.

Do not forget that economical crisis haven't happened just yet, it just started but everything recovered like bitcoin, so we are still going to see a big drop in price for everything. Or maybe we won't but it feels like it is impossible for the whole world to stay at home and somehow all prices stay the same, there must be some sort of crisis due to people staying at home and not spending any money at all.

Hopefully nothing too severe or too bad but think about it, millions of people, probably hundreds of millions of people are all staying at home and we have to believe that market wasn't really affected by it? No matter what you do for stimulus, no easing, nothing should recover it this quickly, we SHOULD see some trouble eventually. I don't know when but I am still a bit scared of this good results.

Well you should be scared because what we are seeing now might not last, the world is in trouble right now as major country are in crisis.
However, we can't also say that bitcoin will not grow as ever since it's been already so unpredictable, what majority think does not happen most of the time, so that is why bitcoin now is quite bullish, but no guarantee this will continue of course, let's just get ready or maybe learn how to do short term trading as we could take advantage on this situation.

The fact that the future of crypto relies upon us. It moves accordingly if we help to move it as well. If we all sell our bitcoin as the panic selling build-up, it is absolutely we can see that the market will dump to its worse more than what we experience last year. But somehow, many are still in the hold and not being hopeless despite the crisis that crosses us. Then, it is to agree that the only thing that can help its recovery is our fate and continuous support. Nothing more.

I still can't believe that after all the market crashes and after all the troubles we are basically back to profitable prices. I do not believe it because I wasn't expecting it to be this quick, it hasn't even been a month since all of this started and and even with that right now the price is above before that time as well. This year has started with around $7k right?

I mean we were around these prices when the year started and somehow we have moved all the way above $10k, then all the way under $4k and all the way back up to $7k like we did nothing so far. Anyone who hold their money could basically be breaking even while there could be people who made 30%+ profits or 50%+ losses right now, that is the spread between holders and traders, either traders are ahead %30 or down 50% :D lol.

   People who like to risk, most of all traders, could earn or lose a lot, timing is everything in trading. Bitcoin provide
good volatility for people who wish to test their trading skills! But I am not one of them, I am holder, and I am in good
profit from my buying's in previous years.
   Bitcoin dropped and recovered many times. Now I wait for recovery and making new ATH price, and I think
we can expect to happen in next year or so. Not before the halving, and not later then the end of the next year.

It's possible to see a new ATH, but I'll tell you, you should be ready for the long wait as we never know when it will happen.
Only a new bull run will result to the new ATH of bitcoin, until now it has not come yet.


As long as you hold firm, you'll not gonna worry, it will come in the right time,  just make sure you are not easily affected by FUD that would cause you to panic.

Well said mate, because of this pandemic virus, the price of bitcoin changes so quick, as what OP's said from 8k down to 3.9k USD, that was a big difference, from that we can really say that this virus really affects the price of the bitcoin especially the market, luckily even the virus still exists the market bounce back again from 3.9k goes to 7k USD, I think that this crisis on cryptocurrency will be fixed now because of what is happening now on the market
I hope that this bitcoin pumping is a continuous pumping, I hope that it will reach again the 10k USD just like before.

the situation is indeed very fast-changing. when the bitcoin price dumped, and the pump returned to the current price, I thought it was a good move. The pandemic changes everything, but bitcoin can recover well, even I feel that this recovery continues. it will probably continue to recover until you reach the price you expect

I think the changes are so quick but also it is not really depending on bitcoin all that much, everything changes very quickly these days because governments wants to stop something huge to happen which is inevitable in the long term but if you really stop the huge problem today and just do it in installments for months instead of just a horrible crash in one day, you are giving the companies a chance to fight it.

If you asked any company if they would prefer 1 million dollar debt today or 1000 dollars debt per day until it reaches 1.2 million dollars, they would take the second option most probably, that way you at least have a fighting chance to recover and get better instead of bankrupting.

Is it recovering ? Cause it looks like he bounced back just for a short while or this is what I see when I look at the charts. Personally I would like to stay here in this zone so all of us will have a decent chance to gather Bitcoin under 10k$ but I won't mind if it goes over 10k$ or goes back to 6k$.  Both scenarios are great if you look for long term perspective.

We are only seeing the beginning of the crisis, the stock markets were affected the fastest however as we begin to see many small business disappear and with it many jobs this will not only affect people this will affect banks as well as many of those business had standing loans that will not be paid, the truth is that unless this is resolved quickly we are going to see huge economic problems during the next years, so I really hope that the members of the forum are ready for it since the crisis will wait for no one and anyone that is in a bad economic situation now will probably be in an even worse situation in the near future.

in general, people are quick to think that recovery occurs when prices rise again after a significant decline. Well, I think it's natural to think like that if we see a severe decline. although the recovery is not so high, there is at least a price improvement. Yeah, but it might look like a bounce back, just like the current situation.

That's normal because this market has not change, when people are seeing a significant increase, they think it's already the start of the bull run and very optimistic, and i think we need this kind of mentality and attitude because they are the reason or the one that will push a bull run.

We investors who have experience have seen a lot of movement like this in the past so we will not easily be excited.

in fact, we can also take advantage of this buy buying the dip and selling the peak, but of course it's also good if we have something to hold for long term.

It's pretty difficult to tell the bitcoin holders to support and hold their assets in this season where the pandemic is there and lockdown are being impose by affected countries. But you are right, the bear market will likely to last long if we cannot get over by this hindrances and if halving is not enough to push the market upward and start the bull season then this year will likely be part of bear season.

We don't want it to happen of course as there is a very little chances to gain a profit in bear season unlike in bull season where everyday is a chance to earn a good amount of money if you know what you are doing. As I can see, the graph are continuing to go downward which is not good and I hope we can purely recover before the halving will occur.

the current situation in the crypto currency market is not very convincing, it looks like it will still survive in the support of $ 6600- $ 6700, if you think Bitcoin is trying to recover to $ 10,000 again for now I think it still can't, before halving Bitcoin will go to $ 5000, maybe, that's a bad scenario from me.

You do not really have to convince anyone really, the price bounced back to year to date profitable prices just recently and even though we had a fall we are recovering again, so long story short people do believe bitcoin as a good investment and they do have bull approach to it anyway, so there is no need to convince anyone.

However we need to make sure they do not get discouraged, that is one thing we could try to help, keep on talking about bitcoin and its price as a positive and how awesome it is everywhere you can so that people would keep on feeling like bitcoin is on a bull run and will do amazingly. Otherwise we are talking about just an increase and a bull run that was started but never really saw the end and gave up after a while because of hype dying down.

The price seems to be relatively stable and it is moving close to the 7k mark, however anyone expecting a big recovery is probably going to be disappointed, many people lost a fortune when the market crashed one month ago and they cannot recover those losses in such a fast fashion, and without any new investors the price cannot move up, however once the halving takes place a price of 7k is not going to be enough for the miners to keep mining bitcoin profitably and many will have to stop their operations or they may try to manipulate the price to go up.

Update on the current Bitcoin price today it is now on the $7200 level hopefully it can keep up and will not go down again, halving is very near and we have a fix to the present situation we are in, once the vaccine is out and halving happens we can expect Bitcoin to finally reach the $12000 level that we are hoping to reach before the pandemic happens.

your reasoning is indeed acceptable, after this halving the miners will certainly not be able to get much benefit from Bitcoin,
if the price of Bitcoin is still cheap, I also agree with your statement, the price of Bitcoin is stuck at the level of $ 7000 and it seems like support of $ 6900 is very strong, there seems to be a pullback from there now

As soon as the virus have been confirmed and had spread across globe, infecting a number of people from different countries and still increasing in the present, the value of Bitcoin have been struggling to retain its former price; its highest price for this year 2020, this problem causes confusion and considered to be as a crisis for the stock market and to the business enterprises around the globe. But, from the end of the month of March up to these days have shown a considerable amount of development in the Bitcoin's standing, ranging up to $7,000 value from last month's $3,500. This would only show a recovery if it would continue up till the end of this month and to the next. As the month of the halving approaches, the future of Bitcoin is surely promising, we should hold as far as we can before it is too late.

How about we are just happy now that bitcoin did not dump, when we make a report for comparison, we usually compare the beginning price of bitcoin to its price in the year end, and thus far, bitcoin price is now at the range of its beginning price this year which is $7k.


True, it's a real recovery because the price increase was significant, and despite the fact that we are seeing some bitcoin dump movement, but it was quick to recover, so we can tell that bitcoin is quite strong despite of the situation of the world that there is a global crisis.

no outbreak can breaks people loyalty from bitcoin but infact thier trust from btc get more stronger in times like this because they feel secured with it  . also why the price will fell down when we are close to halving ? the price should go up but its normal for it go down this time because the outbreak suddenly takes place   .  cant say if the bearish can take a long time to remain because i sometimes see that btc is increasing a little bit  . hope this small increase will continue for a while to give people encouragement to invest more  .

bitcoin recovery is currently very slow, but the comparison with the decline is very fast. for now, the price of bitcoin is back at the level of $ 6k. Well, although this is better than the decline in the price of WTI crude oil, but I am aware that the decline is concurrent. I hope the price of bitcoin soon returns to $ 7k. it gives us great hope to see the price of bitcoin become bigger.

It has declined but not that low, for sure it will again return to $7K as it's been swinging at that range.
Don't worry with crypto, even if it will dump, people will not feel the same way they feel when crude oil dump to its price now.

Bitcoin will dump but it will survive and at the right time, it will pump again.

For now it's moving slow and  experiencing downfall a common nature from this industry, the market will soon to bounce back and reached another good position as there are still people who are interested and keeps on believing that they'll get a good value of their invested money.
This incoming halving is anticipated to bring some good sign though pandemic virus slow everything and it takes time to see the rise that we are expecting to happen.

Yes, it is. I am waiting for the next moment if bitcoin still going to go down so I can buy more bitcoin. We can see another decline in this week if bitcoin can not back to $7k this week because I see it seems, the bitcoin price itself hard to break the higher price again. Maybe we will have another chance in the next week. I still curious if bitcoin will be lower again or not because many predictions in out there say that bitcoin price will be at below than $6k. I hope that is not happening.

No one would know if the price will dump again, but I am hoping that if the price will dump, you will not change your mind, and instead you'll buy according to plan. Why I say that because there are some people who wish the price would dump but when it happened, they suddenly change their decision because they are afraid that bitcoin will collapse.

It is still in recovery phase, do not be upset that it went down just couple hundred bucks, where is our tranquility when it comes to days like this, because of this panic that is seeded in everyone that whenever price goes down even just a bit the price may go down like crazy, we are having all of this trouble and then there is panic sell going around as well because these people who are afraid also sells their coins as well which creates even a bigger fall after a smaller fall.

Do not be convinced this easily that bitcoin price going down means something horrible, it could very well be as simple as market moves and it will definitely recover, hell even this price is recovered because we went down under 4k just a month ago remember that and compared to today we are doing awesome.

Gladly, I can buy some bitcoin when the price is at $6,800 level, and now, I see the price is back to $7k which mean, I can sell it for some amount ;D
Yes, some people don't buy when the price is a dump, and they still want to see another drop of the price but the reality, the price back to the high price. Maybe they miss that moment, so they don't buy bitcoin. But there still a chance for them to see another lower price soon.

Before the halving in May bitcoin can still surge up to 10k, yes this is still possible this is why Bitcoin is the best coin to invest on right now, if Bitcoin surge to that level I will gladly sell and wait again, I believe the price will still dump after the halving, it's all gradual process