BTC PUSHES PAST $ 10K

[irenegaming]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

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[barneystinson]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

I think the strong resistance as of now is at 10600USD. Once it breaks out then it will go all the way up. The strong support is at 8800 USD. If it breaks the support at 8800 the next support line would be is at 8100USD. Well this is just on my personal analysis and opinion and dont take my word for it. You can still check and do research on your own.

[talkbitcoin]

no it can't.
the same way going down to $9400 was not an indication of a big drop, rise to $10400 is not an indication of a rise. both of these are side way movement of the market which will probably be the case until the end of this month.

when it breaks $12k or $8k you can call it recovery or big drop respectively.

[jrrsparkles]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

The price of bitcoin keeps bumping and dumping there is no stable price movement yet so still it is not in the recovery track in my thought but it is good to see that price is recovering after each fall so what we need to do is keep investing on bitcoin to make money.

[Hellobx]

I think the bitcoin price is still very unstable, at present is still in a bear market, because governments are going to further regulation, and has a worldwide the G20 meeting in March, then I think there could still have a big fall at that time.

[Yankae]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, coldthis be an indication that BTC is on the recovery track?

Watch your word mate you might get trolled here.
This is not a surprise though if its changing its price unexpectedly.For me i would not say that it is really recovering from a dip.We still don't know what will happen later,tommorrow and for the coming days.

[Pursuer]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

The price of bitcoin keeps bumping and dumping there is no stable price movement yet so still it is not in the recovery track in my thought but it is good to see that price is recovering after each fall so what we need to do is keep investing on bitcoin to make money.

just because there is a rise and a drop it doesn't mean it is a pump and dump. it is simply the market fluctuations which is perfectly normal in any market. the size is a little bigger than traditional markets because it is bitcoin, an unregulated and small market.
and since the lows are going higher each time price goes down, you can see a nice uptrend in the background.

[giarised]

I think the bitcoin price is still very unstable, at present is still in a bear market, because governments are going to further regulation, and has a worldwide the G20 meeting in March, then I think there could still have a big fall at that time.

I think its not that easy for even G-20 to put sanctions on the bitcoin that easily because right now the amount which is in the crypto currency is more than 67 trillion dollars which is more that a budget of a continent. If its going to happen, then it will happen in some fashion which will be acceptable for the people around. And let me tell you here that the bigger the economic power is, the more stakes that country has involved in crypto market. So lets not hyper ourselves try not to be a reason for the panic in other fellows.

[Wexnident]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

I guest that it is only a part of its ordinary fluctuation. It can't consider as it's boundary of recovery. Maybe if it's push to much higher rage of 30-40% of it's current value, therefore it may consider as true recovery. But for the min-time, it is good that it's already rising up. We can't predict what would happen for the following days, but I hope that it could reach it's most higher value.   

[gabmen]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

I guest that it is only a part of its ordinary fluctuation. It can't consider as it's boundary of recovery. Maybe if it's push to much higher rage of 30-40% of it's current value, therefore it may consider as true recovery. But for the min-time, it is good that it's already rising up. We can't predict what would happen for the following days, but I hope that it could reach it's most higher value.   

Well it's safe to say that we've already recovered in a way. Looking at how the price plunged at the start of this year, we've gone quite a long way up. I think only those that got in during he hype last december are the ones that still haven't recovered. But with enough patience, eventually we'll get back to that ath probably this year

[Shamie1002]

It already sunk below below $7k dollars and now it already bounced back to $10k. Prices are very volatile and no one can expect a continuous rise or fall in a moment.
I am hmjst guessing that if there are more factual news about development then it can actually go higher than today's price.
But if there are false news and FUDs, it will trigger panic selling more.

[CryptoBry]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

There remains no indication that a big recovery can be coming soon. I guess that can happen after the first quarter of this year or worse on the 3rd quarter which can be around June or July. We need good stimulus to make the market come alive again just like what we experienced in December of last year. Those new participants that entered the Bitcoin market last year are not yet coming back because many of them got burned when they bought BTC at its highest level.

[followmenot]

Yeah its clearly showing bitcoin passed psychological barrier at 10000 dollars level. I believe bulls will force it to 11-12k dollar levels and if it can pass it will start new rally. But it may be too early to talk now.

[batang_bitcoin]

cold this be an indication that BTC is on the recovery track?

It may or it may not be. But to think that it came all along from $6,000 so this is an indication that we are already recovering. Although we are still too far from what it use to be, this feels better that bitcoin seems to feel good and healthy at $10,000.

when it breaks $12k or $8k you can call it recovery or big drop respectively.

$10,000 is enough to say it recovered.

[Idrisu]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

It is a great sign of recovery and we should expect bitcoin to be in range trend for till the middle of this months. Bitcoin is doing very well now compared to what happened in January and early February. I was thinking then that It might take to the end of May before we see a bitcoin above $10,000 but thank God that it recovery early and I believe we will soon resume the uptrend than we have then.

[TravelMug]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

As much as we would like to see that bitcoin is bouncing back, but I'm afraid that I don't see it happening right now. Maybe $10K is the correct value of bitcoin, minus all the hype and frenzy specially during December.

It has passed $10700 already but we went into a mini dip again, but bounce back to $10700 so it looks like their will be really a tug of war between the bears and the bulls which will bring a sudden stand still in the price of bitcoin.

[hugeblack]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

I think we got to the saturation point "10,000$ for 1 bitcoin". The Bitcoin trading market has imposed this point since the last correction/ crashing.
We will see the price of the Bitcoin swinging up and down over this point "lower price 8000$ and upper price 12,000$".
The fast-profit fever of Bitcoin and the news like that which gives the market a fake rose has ended.
Bitcoin needs things like the lightning Network [LN] to return to insane heights

[matuson]

over the past two days, BTC  prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

I think we got to the saturation point "10,000$ for 1 bitcoin". The Bitcoin trading market has imposed this point since the last correction/ crashing.
We will see the price of the Bitcoin swinging up and down over this point "lower price 8000$ and upper price 12,000$".
The fast-profit fever of Bitcoin and the news like that which gives the market a fake rose has ended.
Bitcoin needs things like the lightning Network [LN] to return to insane heights

I'm sure bitcoin will continue to grow throughout the year. 12000 this is not the limit. I do not see signs of recovery in the world economy. This means that the capital will look for a safe place. Whales buying coins from the time of the fall. They will definitely sell their bitcoins for $ 25,000+. This will trigger the next candle.

[talkbitcoin]

We will see the price of the Bitcoin swinging up and down over this point "lower price 8000$ and upper price 12,000$".

you are missing the big picture here. each time price drops, it drops to a higher low. for  example it first goes to $9000 then rises above $10k then drops down to $9200 then rises, then drops to $9500 and so on. and each time it rises the high it reaches is also higher.
this means it is sideways but with a tendency to rise.

Bitcoin needs things like the lightning Network [LN] to return to insane heights

it needs time more than anything else. LN will surely help but before it price will soar

[xuan87]

I think we are going to see this price for a while, seems like BTC can't breakthrough the 11k barrier and BTC still looking for the support that it need, Everytime the BTC price try to spike, it being bring down to 9k, so I think BTC doesn't got enough support to stabilize and go up