What do you think of the current bitcoin price recovery?

[Odusko]

The current highs for the last few days are the average volume weighted price from the ATH made prior this year.  Above this measure the majority of people who traded this year will be in profit and we can infer alot of positive momentum from that gain and positive light.

Should we find this area as resistance it will take yet more time to recover from this selling.   The lowest prices do seem to indicate an undercurrent of positive action is under way and will eventually lead to prices in the 70k range instead of hanging here in the 60k's.

At that point yes we were at a resistance price for Bitcoin, but as at now we are now above $68k+ Bitcoin price which is a price that many thinks that the bull market is beginning to take the major part of the Bitcoin market at the moment, since every attempt recovery have failed to hold the price down for so long before it move out and face up again, with each point, Bitcoin making such a remarkable price benchmark, this is very important and highly need to analyse the future and what we can expect, Bitcoin all time high have been recorded in this year, and that doesn't stop us from recording another all time high before the year runs out if all things being equal and Bitcoin continue to move in the current trend's, so for sure the year 2024 is one of the most exciting year for the Bitcoin market as the market was in a positive greed zone most part of this year and Bitcoin also have continued to show a lot of appetite that suggest that we are likely to be seeing a different pattern of Bitcoin market behavior going forward, this will be different from the pattern we used to see before.

[LUCKMCFLY]

the year 2024 is one of the most exciting year for the Bitcoin market as the market was in a positive greed zone most part of this year and Bitcoin also have continued to show a lot of appetite that suggest that we are likely to be seeing a different pattern of Bitcoin market behavior going forward, this will be different from the pattern we used to see before.

For this year many things can still happen, the main one of all is that what we want can happen and what we want most is that it can go up, but will it be conditioned by a political fundamental like the US elections? I think so, because the impact of BTC has reached this instance, but that's what I think, I don't know if others see it that way, I'm sure it does, and it's not that it's political, but on November 5th 3 scenarios can happen, if the pro-bitcoin wins the price can stay as it is and continue its price or go up, if the one who does not agree with BTC wins it is simply a drop in price and that is when many panic, I don't know how much it could go down.

[Chato1977]

Alot have happened in the last two weeks and this have weaken alot of investors and twho may have not understood properly how the bitcoin market act at all time, and what have occurred in the market before now and how bitcoin managed to recover from such market dips, we saw that bitcoin dive down to around $52,000 in the last one week and that to me was a great opportunity to buy bitcoin at discounted prices for many who already understood the underlying condition with bitcoin and how possible it is for bitcoin to recover Also in the same diamention that it price drop also, current the price of bitcoin
which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

This thread have served it's purpose and I think need to be locked as the recovery is finally here and yes  too high than what OP is talking .
Sometimes all we have to do is patients than expecting too much earlier.

[Ricardo11]

the year 2024 is one of the most exciting year for the Bitcoin market as the market was in a positive greed zone most part of this year and Bitcoin also have continued to show a lot of appetite that suggest that we are likely to be seeing a different pattern of Bitcoin market behavior going forward, this will be different from the pattern we used to see before.

For this year many things can still happen, the main one of all is that what we want can happen and what we want most is that it can go up, but will it be conditioned by a political fundamental like the US elections? I think so, because the impact of BTC has reached this instance, but that's what I think, I don't know if others see it that way, I'm sure it does, and it's not that it's political, but on November 5th 3 scenarios can happen, if the pro-bitcoin wins the price can stay as it is and continue its price or go up, if the one who does not agree with BTC wins it is simply a drop in price and that is when many panic, I don't know how much it could go down.

We will definitely see Bitcoin grow, regardless of the outcome of the US presidential election, we need to keep our thinking long term. Even if Trump doesn't win this presidential election, Bitcoin will rise a lot in the future, and yes, if Trump loses right now, we may not see much positive movement in Bitcoin this year, but Bitcoin will definitely continue to recover in the future. We need to plan long-term, at least for 6 to 10 years. If Trump loses this election, maybe Bitcoin will dump negatively for a while, but in the long run this dump will definitely recover. Now let's see what happens, because Trump also may win.

[LUCKMCFLY]

Well the price has been going down and the elections are approaching, it is no longer at $70k, things are getting or could get tense as November 5th approaches, that is already upon us, so what can be done? Will the price stay at this price no matter who wins? My answer is no, it can only stay the same and increase if a particular candidate wins, I don’t want to say the name because the truth is I don’t like politics, but clearly things are looking and painting themselves that way, can it fall? Yes, and a lot if the other one wins.