Bitcoin is recovering

[saintkamei]

It is not recovering as fast as I had hoped but recovering it is. For that my portfolio which were cut about 60% says thank you.  

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[sheryllanka]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

that's right because bitcoin price rises gradually, investors and users have gained great confidence in bitcoin so it's getting richer so it's time for us to buy a bitcoin so much the chance we can earn double

[Viellefox1025]

Maybe this price surge is because of the jp morgan bibble. But this is still low base on other website projection.

[Jabiii]

Yes it is a good sign. Many people keep saying that bitcoin is already falling down but they are wrong. Bitcoin has always been in this kind of situation wherein it is very unstable and always recovering. This recovering of bitcoin shows that the bitcoin’s end is nearly impossible.

[globalking]

yes thank god it is recovering fast bitcoin soon will be back with its dominance soon i think from next month onwards it will touch where it was before

[maimainguyen05]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

Bitcoin rates have risen to more than $ 10000 today, surpassing $ 10,000, according to many analysts. Bitcoin prices will increase to $ 14,000 in the next few days. Moreover, after reaching $ 14,000, the Bitcoin rate will likely return to $ 19,000 as of December 2017.

[Catch-22]

Seems like it.  A good jump from the recent dip today.  Hopefully it will continue to recover so we can see some good numbers.

[sinkelo]

Yes. but lets hope for the best and hodl

[Bayoe_noe]

yes, the current price which is above $10k proves that the downtrend is now officially over and we are back on track. this price is special because it is one of the biggest major supports that bitcoin has at this range and it works as a barrier.
i was kind of expecting a bigger rise after $10k though, which is strange that it is not happening yet.

I also think like that, I see bitcoin fixed on the line. and hopefully after the end of chinese new year, bitcoin will keep going up and back above $ 15K ...I believe by mid-year, bitcoin will go back up high...

[amwer]

Its value has increased by nearly 6 per cent over the past 24 hours, and nearly 25 per cent over the past seven days. However, it has declined by almost 18 per cent over the past month.

The most recent price drops were huge, and followed reports about potential cryptocurrency regulation and trading bans.

[Jogerstar]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

The indication of its recovery is been a week now already, Yes it isn’t as rapidly increasing faster than what happen last year but it’s more natural now and if it will continue surely it will stay high and much lower possibility of big dumping.

Agree with you bitcoin market in mid-February there is an increase, with bitcoin price recovery I'm sure bitcoin market is increasingly in demand locals and abroad to invest.

[Whibu]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

if we predict from a week ago certainly obviously has recovered.
but if we see from the end of 2017 still has not recovered.
the right word now is bitcoin start recovery process.
but the coin that I have still still aja gan still fall in price. but now I see in the market the average price of bitcoin and altcoin on the rise .

Means now marked good enough for you who hold bitcoin and altcoin that feels better price, do you wait to hold up to the more expensive price of your purchase?

[magneto]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

It's up around 50% from the all time low for the year, so yeah.

I think that we can safely say that we're in a new uptrend and this uptrend seems decently strong. Unlike with the $20k resistance, the $10k resistance didn't really respond strongly to the pump this time round.

yes, the current price which is above $10k proves that the downtrend is now officially over and we are back on track. this price is special because it is one of the biggest major supports that bitcoin has at this range and it works as a barrier.
i was kind of expecting a bigger rise after $10k though, which is strange that it is not happening yet.

Yeah, same here. I don't know what's holding BTC back at this stage, but sure looks like a correction at the moment as BTC has gone below $10000. Can go above quite easily once again, though.

[mia khalifa]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

yes of course bitcoin will experience a price recovery because china's new year is over it is certain china will buy bitcoin and become trigger recovery bitcoin price

[Carlsen]

We are approching the 10K again and for a good week the price is climbing.
A week is a very long time for crypto currencies, so I really believe that the trend has changed!

But what I see as most remarkable is that the mempool still is quite empty.
We are beyond 40MB at the moment. A few weeks ago we had 200MB.
Maybe that can be interprated that the people who buy now are not traders who cause many transactions, but investors who are here for a longer term.

[haroldtee]

yes, the current price which is above $10k proves that the downtrend is now officially over and we are back on track. this price is special because it is one of the biggest major supports that bitcoin has at this range and it works as a barrier.
i was kind of expecting a bigger rise after $10k though, which is strange that it is not happening yet.

Of course, $10k was a strong resistance, but notwithstanding, that has not given us the full indication that the downtrend is over. We are still in a downtrend channel, we still have the upper line of the downtrend to test and until after breaking that line upward is the only time we can have a full assurance that it is over.

Nevertheless, with the bounce from $6k region, the volume on bounce back, and the breaking of major resistances so far, with the level of strength that bitcoin is showing using the MA20 as support, I am very hopeful. What we are just having now is a little retrace before going further to test the most important line. Let's see how that goes.

[arwin100]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

yes of course bitcoin will experience a price recovery because china's new year is over it is certain china will buy bitcoin and become trigger recovery bitcoin price

How come Chinese new year could bring hype for the current pump happening? those festivities doesn't have attachment to the crypto's so there's no point to point out that would be the reason on the little price recovery got by the bitcoins, But let's assume that this current happenings is due to the fact that the fuds are been forgotten and been silent for a while that's why the recovery price process slowly coming up on it.

[FRJ]

I guess so.Before two weeks ago, the price was under 6k!!It was very disappointing and many people has sold their bitcoin.So,the price continued to stay that range.But this week,we are seeing something good.Yesterday the price reached to 10k!I thinking it was a turning point and bitcoin is recovering it's price which may be continue at least this month.I think so.

[f150]

Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?

it seems so, though gradually rising bitcoin has now started to improve from the last weeks. hopefully this increase continues to increase as we expect later, because it is unstable bitcoin us as users should always be patient when the bitcoin down.

[bernashka]

in the last few weeks there has been an improvement in moods for bitcoin, which signals that investors are still optimistic and there is a potential for growth of the crypto currency.