Bitcoin is recovering

[BettingTips]

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.

[Zuilhsa]

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.

[Rozita]

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.

[rayk]

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.

[richardsNY]

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.

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....

[marcbitcoins]

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

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.

[el kaka22]

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

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.

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.

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.

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.

[redsun114]

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.

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.

[zeaderza]

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

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.