Bitcoin Forum

Bitcoin hit a two-month high over the weekend, as the world’s leading cryptocurrency continues to recover from its worst ever start to a year.

The price of bitcoin reached above $7,700 on Monday, according to CoinMarketCap, up by almost $2,000 since the end of June. Its current value is still a long way off its 2017 peak, when it reached close to $20,000 amid a flurry of interest in the virtual currency. Read more: https://cryptolo.io/cryptoblog/index.php/bitcoin-experiences-biggest-surge-in-months-with-cryptocurrency-market-recovering/ (https://cryptolo.io/cryptoblog/index.php/bitcoin-experiences-biggest-surge-in-months-with-cryptocurrency-market-recovering/)

Another fud will be come for few days to go, first one about SEC delay ETF (https://cointelegraph.com/news/us-sec-delays-decision-on-direxion-bitcoin-etf-until-september). Maybe today this news not affected market, it will happen if another bad news come.

it is true that the end of this bitcoin is experiencing an increase in price, but it is still far from the final price of 2017 yesterday, but I still believe that bitcoin will be able to recover more than last year's price.

Bitcoin's now worth $8,400 and it's moving around $8,200 and that's basically a very healthy movement.

Delayed or not still there will be people who'll do FOMO and will sell their alts for bitcoin if not they'll use cash for it.

Starting to be more optimistic rather than thinking of these bad news.

although still far from the price in 2017 but the current bitcoin price increase I think is the beginning of the rise of bitcoin prices in this year.

Because whales are already buy handful of Bitcoins. So there's no other reason for Bitcoin to fall now. I believe that whales created those FUDs which made the market very weak for months. It just shake out all weak hands and panic sell their Bitcoins. It's good though. We have opportunity to get some of it while it's very low. Now we see Bitcoin is moving up and the recovery is very fast. Im very optimistic that Bitcoin will reach at least 10k by August(if there's no huge FUD to scare people). There's no way that is a bull trap.


No, it's not that easy to achieve in just short period of time. But this sign is good tho. I expected that Bitcoin will recover atleast the half of it's all time high. Just don't expect too much. So it won't hurt that much when it didn't reach or surpass it all time high.

this is not FUD, this is just SEC being SEC. this has happened before exactly like this, they delayed their decision and extended it as far as they could and finally rejected it. and i still think the most part of this rise has nothing to do with ETF news. i say even without ETF price would have reached here and went back to test $10k like the previous 2 times this year.

Well, I believe that the price will not only recover but also it will hit a fresh all-time high level before next year. No doubt, big whales and institutional investors would try to manipulate the market in order to create the situation that is beneficial for them. However, I am expecting less panic situation this time as the mass maturity of the investors has slightly increased after the recent price rally and market correction.

Let us pray that there will be no fake news and negative news that will come to bitcoin before the ETF. If there are bad publicity that will stir the market again then the price of bitcoin will suffer another down movement. Also we look forward to the approval of the bitcoin ETF so that bitcoin can start climb the ladder towards the 60k$ target value this year.