BTC is recovering or what if not

[Blue2012]

I think it will take a few more months before the price to fully recover. Because as I can see the progress is too slow and there’s a lot of dips going on.. Hopefully by March the price will show some improvement and start to rise again.

[MCVXYZ]

I think it will take a few more months for the price to fully recover. Because as I can see now the progress is too slow and there’s a lot of dips. Which is also good because it’s an opportunity to accumulate more coins. Hopefully by March the price will show some improvement and star to rise again.

Of course its a good opportunity to creat nice portfolio today not only by buying btc, its a good time for small altcoins too,I observe crypto market everyday and I can boldly say that useful altcoins which price are today less than 1$,Their price will be much higher in the near future.we have historical evidences and every year we see inflations which are  inevitable and natural process at this time,even the most stable currencies have falls and its not exception.anyway I think its a good chance that we should not miss,People are earning money for a few years now by this way and not only this people who believe in bitcoin.

[Jjunpat]

Bitcoin is slowly recovering. In past few days it seems like I fell in the river and drowned. Now I put my trust to invest crypto markets and hold my btc no matter what it takes. I hope it will continue its rising price in the markets.

[redsun114]

Do you think BTC price can keep it uprising? I was really kind of worried watching the price slowly starts rising then now it goes down again. What will or would be the result if it stays that way more price down movement than price hike movement? I wish Bitcoin will recover soon. 

Not yet, Bitcoin will still go down for a little longer, right now it's just moving down, then up, then down, basically it makes 1 step forward and 2 steps back.

Don’t worry it is the nature of bitcoins. They always doing this since the beginning. But yes right now they are not coming out of that dip and this is alarming somehow. This doesn’t mean people start talking about the dying of them. No they will come back soon to the high price but that will definite take time. Give them a break and see the charisma.

[Baoo]

Well, Bitcoin has returned to the rise, and now it has become more than $ 8000 (a develop of more than 25% in just one day). Furthermore, I believe that this progress of value will continue and the crisis of falling price is over. In my opinion, media news should be avoided and their expectations are mostly false and negatively affect the views of users, for example, in this period, many people are afraid of this sudden fall and some of them believe that the era of digital currencies is over.
On the other hand, I think that Bitcoin may return to $18000 within 2 weeks and will be in constant rise and there will be a great surprise for the future price this year. As well, there is a possibility that the price will become 100K and the end of this year.

[UnDerDoG81]

If it recovers too fast, what stops people to cash out again? We would see the same scheme again. Stabilizing around these levels could be healthy. In the other Hand, if it stabilizes here, weak hands get panic and sell. Hard times coming.

[trickyriky]

Do you think BTC price can keep it uprising? I was really kind of worried watching the price slowly starts rising then now it goes down again. What will or would be the result if it stays that way more price down movement than price hike movement? I wish Bitcoin will recover soon. 

I do believe the price of Bitcoin will be going up. The process will be not the fastest one, but BTC will sure gain.

[dreico]

the price will be reinstated now the main bitcoin will be given time so that he regains the price that he had and we need to have patience to wait for this moment

[Jjunpat]

Without your opinions here I might be the biggest losser almost half of my investments. I have learned a lot to not keep watching the market cap everyday last week was do stressful I slmost could not sleep. Now it helps me feel better because I almost forget and when I check its slowly regain its value. In addition I bought around $6500 so I hold it. Thanks for all your opinion suggesting a wise and proper guidance to me when I am in trouble last time. I am glad for more advices you can share.

[nightfury]

Hope it's not like deja vu thing but for now, as i can see the graph, it seems that it last a bit longer now than the previous weeks where crypto markets are in bloodbath. It's a bit frustrating to watch that whenver bitcoin made a run, it will also goes down afterwards.

[Kemarit]

Hope it's not like deja vu thing but for now, as i can see the graph, it seems that it last a bit longer now than the previous weeks where crypto markets are in bloodbath. It's a bit frustrating to watch that whenver bitcoin made a run, it will also goes down afterwards.

Which means that this bloodbath is not yet over. As much as we wanted the bullish sentiments takes over, there are still investors who will bought at the floor price then suddenly dump it when the price goes up by just around $1000 to take easy profits. I know that bitcoin can recover, no doubt, but at this time, its still a waiting game for most investors. The US Senate Hearing did bring positive news that's why the market is green right now, but it didn't sustain the much needed bull run that we all been waiting for. Yes, I know that feeling to see bitcoin goes under the 5 digit mark and watch our investment goes down, however, this is just another test that we can all overcome. Maybe if we can see bitcoin touches $10,000 then we can say that this bloodbath is over, for now, in my opinion, we are not out of the woods yet. Everyone should be cautious at this stage and see how the market will react with every news that will come around.

[PpaatToupee]

I really think that BTC needs to break above $10,000, the previous support now resistance, before we can confirm its recovery. Otherwise, we still risk falling bellow $6,000 levels.

[d00f]

6k seemed to be a hard floor for many. While I didn't fact check, I was told someone made a $7,000,000 buy order around $6k. You can imagine at some point they will be selling, having made a very healthy return. Looking at other years, BTC typically made a recovery by the second week of February. Looks like we just need to wait it out a little more.

[Washball]

The US Senate hearing did boost the market with the positive outcome. The price increased, but it's not going that hard like we would like to see. With all the support from the authorities we'd expect bitcoin to rise much faster. But anyhow, it's not dropping, hopefully the surge will soon come.

[Mrjitter]

To it to the end it is necessary to restore time, of course, but now the situation has gradually started to improve and it began to go up so that we look and wait

[Jjunpat]

You are all exactly right especially those who have known bitcoin at an earlier time. I understand your point that in trading there is no need to sell it out immediately just looking for a small profit. It needs time and be patience if looking for the right time to trade. Now BTC is on its recovering it is worth waiting to hold.

[yahoo62278]

I think it will take a few more months for the price to fully recover. Because as I can see now the progress is too slow and there’s a lot of dips. Which is also good because it’s an opportunity to accumulate more coins. Hopefully by March the price will show some improvement and star to rise again.

I think it will take a few more months before the price to fully recover. Because as I can see the progress is too slow and there’s a lot of dips going on.. Hopefully by March the price will show some improvement and start to rise again.

Quoting for reference

[Gargo]

I really think that BTC needs to break above $10,000, the previous support now resistance, before we can confirm its recovery. Otherwise, we still risk falling bellow $6,000 levels.

Yes, if the price exceeds 10k $ it will give an impulse for further increases. I think it may be a psychological border that will allow further increases if exceeded.

[Rrtt]

Do you think BTC price can keep it uprising? I was really kind of worried watching the price slowly starts rising then now it goes down again. What will or would be the result if it stays that way more price down movement than price hike movement? I wish Bitcoin will recover soon. 

I think the price of bitcoin right now is stable. The $9k level is reached once again and it will go up steadily if no negative news that will surface in the coming months. Don't worry bitcoin will recover and there is even a forecast that it will reach $25K at the end of the year.

[AjithBtc]

Price recovery has begun, but this time things were taking place slowly. Each and every market as well the user community were focused on the China New Year for a larger price variation upward from the current price. It is almost a week away and has got more chances for good things to happen.