Finally, Bitcoin is Bouncing Back!

[lumeire]

Bitcoin bouncing back up does not guarantee us at all that it is the end of crashing. Let us take note that we haven't went through the August 1st yet. There are several days left and we might encounter tremendous volatility as we go closer to the date. And as to what you've said, we better be cautious and aware of what might happen in the near future. It is best to be safe than sorry, right?

'don't count your chicks before they get laid'

Not so sure it goes that way but anyway, It's now a good time to go short trades.

[1714897789]

1714897789

[1714897789]

1714897789

[1714897789]

1714897789

[1714897789]

1714897789

[HasHe]

The price was never going to continuously tank for long. Nothing particularly bad has happened, there won't be a fork soon so it was all just FUD & trolling which made noobs & weak hands panic sell.

Bitcoin is a coin which has good potential.It would continue to grow in price.What is the problem is that some try to spread news of FUD and want to make use of price fall by creating panic among investors.Its an ongoing process.Newbies would continue to come in to bitcoin market and would continue to do panic selling.

[hashtag101]

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?

The bullish, bounce, recovery trap always happening after bloodbath. You need use your brain to analysic mentality of trader in currently, don't let some trap make you mistake and take loss

[pitiflin]

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?

Bitcoin can be unpredictable ,its better that everyone stays cautioned and be alert because August 1 can be a big day for bitcoiners .Everyone is just hoping for the best and nothing to go the bad way . And I am happy that bitcoin recovered quickly, the moment when it hit the 1800-1900$ mark. Hope this could be a good news.

[audaciousbeing]

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?

Its true that the price is recovering since yesterday and it has equally been stable but I think more of caution should still be put in place because the original factor that caused the crash has not been achieved yet which means the battle is not yet over to rejoice yet and hoping the upward trend can be sustained 

[mike4001]

And falling again :-/

[Xch4ng3]

Finally? It was going to happen either way. No way does the price drop and people DON'T buy cheap coins.

[BitHodler]

And falling again :-/

You mean that tiny bit of selling that happens right now? That's completely normal considering that certain traders are liquidating their sub $2000 coins.

Don't forget that not much has changed in terms of what the community and traders are fearing. BIP91 signalling will be taken seriously by the market once SegWit is locked in.

As long as that isn't the case, we'll be experiencing some more fluctuations. If you're a trader, you won't mind these fluctuations at all. This is basically what traders are living for.

[South Park]

The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.

Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.

Is it time to party or should we still have to be cautious?

Bitcoin has recovered substantially and even in this circumstances it has performed better than altcoins, now the price is back at 2601 and the dominance of bitcoin grew despite the risks of a hard fork this tell to us that bitcoin is going to probably skyrocket in the next weeks.