When is the sign that Bitcoin is recovering and it will Bounce??

[Payapa]

I'm not that of an analysis though, but for me, I guess BTC is in it's recovery state when the price is back to $12000+. That's what I'm looking at as a trader. Maybe there are more aspects to look at, but that's the easiest one for me.

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[ilnick]

Even the most experienced in the analysis do not exactly know what will happen. Only large players and insiders in the market can know something. But they will never tell about it. They can even deliberately mislead us. About the market, we can only know the past and the present.

[ToyotaFortuner]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

actually from the graph already visible you just need to make a line and analyze it and draw your own conclusions, because not all can make a line on the existing graph, the line is used to determine the bounce point.

[cryptojourno]

There have been sentimental evaluations as well when everyone has been writing about technical evaluation.

https://ambcrypto.com/deeper-investigation-bitcoin-ethereum-markets-falling/ - this is an interesting article.

[jacafbiz]

Bitcoin price has suffered most recently and has lost significant % of its recent gains, the space is a very volatile space and those that have mastered it must be smiling now that their call came to light, when the price hit $18k someone said the correction is going to bottom out at $8k and that seems to be true now, I also expect the price of Ethereum to correct around $400 soon, because those ICO guys will soon be liquidating some of their portfolio

[kuruyama]

Actually all of it was a blind projection of what when and how will bitcoin recover and bounce back, we dont know, all we have to is to believe that it will bounce back, as long as more people come in and buys and trades bitcoin, it will always bounce back and recover. So dont panic everything is alright, almost every year it happens it drops then it goes back up. Its all about timing.

[trickyriky]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

I do not think there are certain special signs that tell us about it. However, the crypto will recover and grow. Indian authorities said they would not ban Bitcoin: they are just against illegal operations with BTC. This information might have positive effect.

[Bonus777]

Every correction of the market is always played out according to a new scenario. Therefore, it is very difficult to determine the moment of the market's reversal. I think this time the market will reverse and go into growth when no one expects it.

[dicaprio]

I can say that even pretty serious traders like Enky Nakamuro are giving up their nerves. As far as I know, he sold everything and left this game. And now judging by his twitter, he very much regrets about it. This is of course very sad. But no one knows any exact information

[TonalDynamics]

Honestly any time you see a 4-500% spike for any item in any market, it raises red flags.

I feel as though BTC's price spike was the result of people having holiday money to spend catching insane FOMO and the price pump outran its development schedule, with outstanding issues that people ignored at first like scalability and transfer times.

Like, if crypto in general had all the transaction infrastructure, merchant support and so forth, that is on the roadmaps for all these different dev teams, it would be proving its value already. I believe it will happen relatively soon, personally.

But in this case I feel like the hype rushed ahead of the actual roadmap timelines for crypto in general, so I still just see it as a very large "correction".

People hedge their assets in the real world against things like gold and real estate.
In the crypto world, the value of currencies will be backed by the advancements, flexibility, speed, stability, and mainstream adoption of the network as a whole.

When this happens, we will once again rise to the moon my friends.

Also, long time reader of the forum here. Glad to finally come on board the discussions