WILL BITCOIN RECOVER?

[mahbuboracle]

The bitcoin price fell free, losing nearly $ 14,000 in value since the peak of 2017. But while cryptocurrency hovered around this year's lows, a new $ 300 million fund dedicated to the crypto market has given investors fresh optimism. The cryptocurrency market was further encouraged this week by news that Facebook reversed its decision to ban ads for bitcoins and other virtual currencies.

This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.

"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.

"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."

Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.

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[First77]

Bitcoin is going to $4500. Some 8 inactive bitcoin accounts from 2011 have been logged in and each of them have 10,000+ Bitcoins. Total 100,000 Bitcoins could be sold.

[dreamhouse]

Bitcoin is going to $4500

Possible, but it will also go to $45000, I am holding for long term.

[Prayservice Thomas]

I am faithful it will recover and even surpass previous ATHs, especially on the long run. Just imagine the surge when lightning-network will be broadly implemented.

[franky1]

the price has RECOVERED

stop standing at the top of a mountain peak looking down as if what your looking at is a cliff edge of a drop.
a mountain is not the level ground of where everyone should stand..

instead stand at ground level of octobers $6k and march-july's ~$6k and see that a tsunami occured where everyone looked at the skies and seen a large wave occur out of nowhere... and now the tides have recovered back to normal base levels

that $20k was not something 100% of people could take advantage of. it was not something that hung around for months for everyone to organise their finances and get online and trade and appreciate.. the $20k was a very temporary fluke that lasted minutes.

so just stop thinking about $20k as if it was "the norm" and anything below it is disaster undervalue.

be sensible and stand at ground level

[Bervelukan]

It's very good news and with Facebook's return to cryptocurrencies I believe it will bring the bitcoin and other crypto prices better.

[Vickyrichy]

The bitcoin price fell free, losing nearly $ 14,000 in value since the peak of 2017. But while cryptocurrency hovered around this year's lows, a new $ 300 million fund dedicated to the crypto market has given investors fresh optimism. The cryptocurrency market was further encouraged this week by news that Facebook reversed its decision to ban ads for bitcoins and other virtual currencies.

This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.

"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.

"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."

Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.

Well, you kinda have a point there but looking at bitcoin as it stands now, bitcoin has a possibility of recovering. The world is now embracing the crypto era gradually.

[bedulook]

Bitcoin will recover because this is not the only time bitcoin has slide in price since it was inducted into the online currency. A short downtrend of bitcoins doesn't means it will stay there forever.

[Ziah18]

    Of course bitcoin will recover just have more patience to wait. Bitcoin has many times falling down but still rising up and continue to live in digital world.The downtrend now is just temporary.

[sunnyevening]

If you believe it will recover, it will. Surely the chance are completely obvious as it's a widely know crypto today.

[jademacoy]

Yeah maybe bitcon can recover its market price. This is possible but it is possible also that bitcoin market price could not recover and it will stabilize on that market price that has been recorded for now. We do not know and this is part of the risk if you will get involve in bitcoin.

[btcCoincart]

In August you will see btc increase to 8k5, so bitcoin in short term is going up. But by technical analysis, btc price will continue decrease til the end of this year. It means the price will side way from Aug to Nov. After this period will see what happen next.
Just my opinion and the personal analysis.
Happy trading guys!

[electronicash]

it may take months and months before we can see the prices of coins spikes again so if you are asking whether it can rise up again, it will. just don't make sudden decision to dumpnkw because that will add up to the previous mistake you did when you bought btc at the peak of its price.  regulations are being discussed that's going to be the awaited catapult.

[Sadlife]

This is a good news im glad they've decided to reconsider. My guess is that they can't really stop the advertisement of bitcoin and ICO in their platform. By the way can you post the link of this article so we can have a reliable resource if facebook has really accepted digital currency. It would be nice if google also reconsider and just filter some suspicious ICO in their search engine. This news could trigger another bullish run.

[Akiko]

In August you will see btc increase to 8k5, so bitcoin in short term is going up. But by technical analysis, btc price will continue decrease til the end of this year. It means the price will side way from Aug to Nov. After this period will see what happen next.
Just my opinion and the personal analysis.
Happy trading guys!

Month of November is a possible  time may increased the market  and bitcoin price like what happened  last year. But for now it's  better to not expecting too much because you may feel sad if the bitcoin will not going recover.

[Dod Ong]

The bitcoin price fell free, losing nearly $ 14,000 in value since the peak of 2017. But while cryptocurrency hovered around this year's lows, a new $ 300 million fund dedicated to the crypto market has given investors fresh optimism. The cryptocurrency market was further encouraged this week by news that Facebook reversed its decision to ban ads for bitcoins and other virtual currencies.

This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.

"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.

"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."

Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year.

I believe that the bitcoin can recover again and it will rise again, because many time that the bitcoin experience that fall but it is always recover and rise again. The market will recover and the price increase, I thought it is because of the demand so the bitcoin price affect and also the bitcoin experience a fall.

[KS03]

Of course Bitcoin will rise again.  .gov has not shut it down so they approve (even if they are BS'ing on the news).  Just give it time.  The blockchain is a .gov wet dream so we are looking at a trillion+ dollar market cap within a year.  Who knows after that.  Just sit tight.

[melted349]

This is a good news im glad they've decided to reconsider. My guess is that they can't really stop the advertisement of bitcoin and ICO in their platform. By the way can you post the link of this article so we can have a reliable resource if facebook has really accepted digital currency. It would be nice if google also reconsider and just filter some suspicious ICO in their search engine. This news could trigger another bullish run.

I also wanted to see the source of news like that , if it's true we can considered it is a good news in crypto world.
Recovery of bitcoin I guess it may takes more time to see bitcoin's rising. I thought before the end of the year the start of recovery the market.

[hannahfx]

Yes sure bitcoin will recover it can touch new higher compare to last one that was in 2017 but this cryptocurrency need patience. also if we are selling now then this is the biggest loss and we never survive in this market obviously we can say bitcoin can touch new higher 25000$ to 30000$ if we have guts to survive here then we can make profit otherwise we need to exit from this market.

[kwarto]

From what happening today! I think BTC will struggling hard to reach again to the top. There are so many whales that recently manipulating the price through dumping and holding their coins. But I am still optimistic that price will gradually climb even to near the price of last year.