Bitcoin price resilience

[bonballi]

Bitcoin is the highest demand and trust in the market. Though Bitcoin is a bit lower, I think it will be reclaimed very quickly. There is no doubt that more than 8 thousand will rise. Because Bitcoin is the most trusted and secure in the crypto market so far.

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[Walter edmond]

I think bitcoin will be back on the track soon. Only price drops is not enough to stop bitcoin. Those who invested for long term are holding their coins for the better times.

[ce7mee]

Short-term investors are getting out from the market by their panic sales. I think bitcoin will be recovered in a short time. So it will be great for long term investors.

[weblouartisan]

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Most of the people is actually panicking every time there is a negative news about bitcoins and that is the reason why the price of all the coins in the market is decreasing as well.

[CrazeCoinz]

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Yeah that's what I'm thinking...a strong buy support will come soon and we just need to be patient to wait. Whatever the market condition if it fall we should not be panic as we believe in bitcoin technology that can overcome any market difficulties.

[hahay]

The resilience of bitcoin prices at high or low values will not last for long, as fluctuations are already characterized. So with the fall of the price after the increase I feel reasonable, because there will be an increase again after dipped.

[Rahar02]

People who thought BTC rising was because of ETF proposal were definitely wrong. BTC has been showing a stable recovery growth for the past 2 months if you follow regularly and it had nothing to do with ETF. ETF approval might help BTC to skyrocket again but the current price is surely caused by the increasing demand and decreasing supply of BTC in the market.

Bitcoin ETF definitely affects the price for the past 2 months as the market reacts to such acceptance if ETF approved then the influx of millions capital into the market overnight cannot be considered trivial. Bitcoin price also briefly dropped below $8,000 ($7569 now) after the news of SEC rejected an ETF application by Cameron and Tyler Winklevoss again. However, there are a bunch of ETF applications to be considered and SEC can't avoid all of those files.

[South Park]

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

And now the price went down, I know that it was refreshing to see some good news and to see the price going up, but we cannot get excited for every single movement in the price of bitcoin, to me this is bitcoin moving as usual and while I also think that sooner or later the SEC will approve a bitcoin ETF that does not means that it is going to happen as soon as people think.

[el kaka22]

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

It was going incredibly well and stayed up for too long.
I was honestly starting to believe that bitcoin will have a new rush of people getting in and altcoins will increase following and we would have a great bull run just because bitcoin prices stayed up for so long than one morning I wake up and BAM ! In the past bitcoin has ignored many such big factors and stayed strong and claimed up new peaks on its own.

I think its insane that bitcoin prices keeps plummeting one after the other whenever we get a bull run, not sure why this keeps happening almost all the time, people were bullish on the price as well and everyone was like me expecting good things to really happen on bitcoin but I suppose some rich people did not want that at all.

[shampapk1988]

That's the thing, the SEC rejection didn't really hit me much, because even if they don't approve it, the potential of Bitcoin is still there. Even if they don't approve Bitcoin, Bitcoin is going to grow more and have a huge number of people appreciate its existense and yes, that too, without SEC getting involved.

[krauzzer02]

I think bitcoin will be back on the track soon. Only price drops is not enough to stop bitcoin. Those who invested for long term are holding their coins for the better times.

It is only a matter of time for bitcoin to make a bull run again this year but the ETF hype seems to cease all because of its rejections, we are going to see on its future run what would be the final decision for Bitcoin ETF, tbh bitcoin achieved its great prices without the help of ETF and it's not going to affect that much to the main bitcoin later on if that request approved by the SEC, there would be some benefits but not as much as it can get to the ATH.

[yndye]

That's the thing, the SEC rejection didn't really hit me much, because even if they don't approve it, the potential of Bitcoin is still there. Even if they don't approve Bitcoin, Bitcoin is going to grow more and have a huge number of people appreciate its existense and yes, that too, without SEC getting involved.

An ETF would be a big push to the price but if it will be rejected then there is already a demand to the coins as what you said that's why even if the price falls down a lot of times, it would just go up because there are always people who are willing to buy the coin. It's technology mey be old or as what they say, it is the first generation coin that's why other coins would replace it in the future but since it is the most famous of them all, it is still the most in demand and besides that, it is still use for its actual use case which is being a payment option.

[creeps]

The resilience of bitcoin prices at high or low values will not last for long, as fluctuations are already characterized. So with the fall of the price after the increase I feel reasonable, because there will be an increase again after dipped.

Every time we hit the bottom expect the price to rise easily. People react of every negative news, and they even sold at a loss so maybe after this drama in the market we will start heading to go up again.

Short-term investors are getting out from the market by their panic sales. I think bitcoin will be recovered in a short time. So it will be great for long term investors.

Let them go, because weak hands has no place here in this market. They will just continue to do the same until they loss all their money.

[nl247]

You think SEC does not know the potential that lies in Bitcoin? Sure, there is no doubt that such an approval would mean a lot for the quick growth of Bitcoin and possible adoption, but still does not mean without it, Bitcoin will halt in progress.

We all know how the market has been resilient despite all forces and blows dealt it over the years and as true believers in the new system of payment that sees the real value keeps increasing and the currency aspect of it starts becoming more glaringly useful, the more resilient it becomes.

[wuvdoll]

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Bitcoin was down to its last bits. I am seeing the chances of, from here on people would buy as much as possible, if whales push really hard they can make it go down even further but after certain amounts its harder for them to drop, dropping from $12k to $10k is still $2k but its harder than dropping from $6k to $4k. There is a lot more resilience here than there.

Hence if you really wanna drop the price for your "short futures", you would need to have a ton of bitcoins to sell in order to drop the price and you will face with millions of people who are trying to gather your low price when you are trying to do that. Its really risky for even whales.