Bitcoin Price Needs Quick Progress to Avert Further Losses

[Shwester]

With its recovery stalled, bitcoin needs a quick break above $12,500 or the tide may turn in favor of the bears.

[Truna]

It will recover soon.It will rise again don't worry.

[MadZ]

I think this is a bad mentality to have. Bitcoin loses a lot of its utility from having such a high price volatility. I'd much rather see a slow increase, or even no increase at all for a while, over the higher volatility that would come with "quick progress".

[HabBear]

With its recovery stalled, bitcoin needs a quick break above $12,500 or the tide may turn in favor of the bears.

Wow, this could be the most meaningless comment of the year.

Don't take this the wrong way, but what are we supposed gain by your conclusion of "if the price doesn't go up, it might go down?!?!"

The fact that the price hasn't fallen through $10,000 is a great thing. This is the recovery. The recovery is that the price shot up to $20,000 over a few months and it hasn't fallen back below $10,000. This is stability. We could sit here all year and it would setup the foundation for the next growth wave. This stability proves that the value of Bitcoin is real (not a bubble), that Bitcoin has staying power, that it is legit!

Be happy with where the price of Bitcoin is today. And if you're not happy (and still believe in Bitcoin), buy more...help support the price by buying and holding more!