Has the market completely recovered

[marcous]

Today, bitcoin is starting to move up, but I don't think there has been a significant recovery in prices. a lot of speculation because moment halving day is getting closer. I think this is one of the factors that many people are starting to return to the crypto space.

[1714993862]

1714993862

[1714993862]

1714993862

[1714993862]

1714993862

[1714993862]

1714993862

[1714993862]

1714993862

[1714993862]

1714993862

[Wexlike]

Today, bitcoin is starting to move up, but I don't think there has been a significant recovery in prices. a lot of speculation because moment halving day is getting closer. I think this is one of the factors that many people are starting to return to the crypto space.

Even as a permabull I agree, we're so close and may be at our initial test of the upper 5k-6k range. I'm fighting fomo hard on some of these alt pull backs even though I'm confident we will get another opp to buy BTC in the 4ks. Let's see.

[ipanks]

Today, bitcoin is starting to move up, but I don't think there has been a significant recovery in prices. a lot of speculation because moment halving day is getting closer. I think this is one of the factors that many people are starting to return to the crypto space.

We need to be patient for more because it is hard to say that the market is completely recovered. Besides that, if you analyze on every coin, they are still moving from up, down, and up again and it's happening in many times. So maybe we are difficult to detect which coins that will increase later because bitcoin itself still moving to many levels of the price. The altcoin will following bitcoin price too, and that is why we cannot always found the right altcoin to trade.

[Bardman]

I would say so, this was the first time in 1 year and a half that we broke the weekly trend, we previously had weeks of bullish action just to create another leg down but this time we were actually able to break the weekly trend and quite convincingly too with a good amount of follow through from bitcoin and other cryptos, in fact litecoin has been suffering a bit lately but the others are still really bullish. In my opinion this is the start of the recovery, not necessarily a bull run since those happen rarely but rather just steady bullish action. I'm confident this whole year can be really bullish and bitcoin can make steady gains each month, we might even touch 8-9k if things go well, obviously FUD and other important news will have an effect, however I think, lately, the market doesn't care as much about FUD or news which is really good, finally cryptos can  really act like decentralized coins.

Also Binance Coin and Binance are honestly helping quite a bit, the constant good news and BNB achieving all time highs during this period really gives others hope, their launchpads were also quite successful and it also shows the interest in cryptos is still there, I mean they were sold in minutes, even seconds.

[Wexlike]

Today, bitcoin is starting to move up, but I don't think there has been a significant recovery in prices. a lot of speculation because moment halving day is getting closer. I think this is one of the factors that many people are starting to return to the crypto space.

This was a very similar situation that we faced at the 4130 resistance area . If another short squeeze takes place (which can happen out of nowhere) price can easily see 6K which presents the next obstacle for this market. The fact that the general consensus is extremely bearish further adds to the argument in favor of higher prices rather than a deep retrace. The crowd is usually wrong (which is the foundation of most forex broker's business models).

In summary, there are NO absolutes in market timing. Good technical analysis presents possibilities and probabilities, not precision. And good perspective comes from considering variables that are not visible on a chart. Without this basic understanding of market mechanics, it is very easy to be conditioned by the irrational sentiment of the herd. Our objective is to detect structural changes around potential turning points in order to get a read on how likely forced order flow is to come next (short squeeze or long liquidations). And at the moment, AS LONG AS price can stay above the 4930 level, the chances of squeezing to 6K are still a reasonable possibility, even in the face of a major resistance zone (yes it is confusing and conflicting, but that is the market).

[prtty2gal2]

The market is not completely recovered but we can say that we are going through it. The price just starts to rise since March and we can say that its too early to declare that we had already recover our losses from the negatives the market brought to us. We can still for months to tell its status.

well, of course that is uncertain. it is an unstable thing. maybe the crytpo price will go down again. but, in a few days, the price will rise again. no one knows when the price of bitcoin, and altcoin really has a stable price. as long as it's not stable, I don't think there is a limit to recovery.

I know that we are all tensed and agitating for bitcoin price increase, we should not worry, it will come, we need to apply the patience of people that invested from the time BTC was invested and had to wait for years for the result to come, and when the result came, what happened? It compensated them with what 100 years of their savings in bank would not have done.

Profit will come and money will come, but let us leave those aside now and think further on what we can do to quickly make the price of BTC rise up very fast, and I am talking about fundamental factors. Some are already lined up, but we need to encourage for more.

[alisafidel58]

The market is not completely recovered but we can say that we are going through it. The price just starts to rise since March and we can say that its too early to declare that we had already recover our losses from the negatives the market brought to us. We can still for months to tell its status.

I think that the market has recovered "gradually". I didn't have any losses with the bearish market way back a few months ago. You only end up losing if you don't make the right decision in the market. I enjoyed the bearish market but now I'm enjoying it more since I have been profiting from the recent price increase.

[Siren]

Well I don’t wanna be a victim of price manipulation again so i will only go with the market flow as we are now heading to $5,600 bitcoin value and many altcoins are following the rally

I have been failing for couple of times in 2018 when lots of speculations coming weeks after weeks that the price are pumping Because the prices are greening but after a while the bloody will cover the whole market again.so for me i will still hold and will take a patient for the whole year of 2019

[Sanitough]

The market is not completely recovered but we can say that we are going through it. The price just starts to rise since March and we can say that its too early to declare that we had already recover our losses from the negatives the market brought to us. We can still for months to tell its status.

I think that the market has recovered "gradually". I didn't have any losses with the bearish market way back a few months ago. You only end up losing if you don't make the right decision in the market. I enjoyed the bearish market but now I'm enjoying it more since I have been profiting from the recent price increase.

That's what I like to see, a gradual recovery is good as it provide some kind of stability.
In my own view of the price movement of bitcoin, I can say it's stable, the pump and dump was not seen anymore and it's been a month that it's climbing up.

[klaaas]

Pragmatism says wait. Irrational exuberance is at a high. That is when markets get crushed. Reality is this was pumped by one entity and nothing fundamentally has changed. Support after the massive fabricated pump feels like retail fomo.

Maybe that would hold on the latest event but on a long time span those events will be desirable to get the positive mindset up but wont reflect on the charts. Recovery is taking place and i agree it is just started and is still on a thin line to burst or break with the price.

[STT]

Its giving alot of people a reason to look with indications like this but I'm still going to argue its part of the process and I'll probably keep believing that for the whole of this year.    People will get upset that it doesnt go from 5500 upto 10000 in a straight line but I dont see how it can just ignore just how many times we have used the 6000 area as support previously in 2018.    Thats alot of buyers in that area and now I think they are potential sellers just because people decide to use that BTC they had stored and not keep it, every day there are some and now there will be more that we enter this area.

[radjie]

The market is not completely recovered but we can say that we are going through it. The price just starts to rise since March and we can say that its too early to declare that we had already recover our losses from the negatives the market brought to us. We can still for months to tell its status.

well, of course that is uncertain. it is an unstable thing. maybe the crytpo price will go down again. but, in a few days, the price will rise again. no one knows when the price of bitcoin, and altcoin really has a stable price. as long as it's not stable, I don't think there is a limit to recovery.

if the movement of the bitcoin price does not decrease and is at the price of $ 5400 during this week, then it shows that we will enter a bullish trend, and there is a possibility that the price movement will experience a slight increase.

[KennyR]

The market is not completely recovered but we can say that we are going through it. The price just starts to rise since March and we can say that its too early to declare that we had already recover our losses from the negatives the market brought to us. We can still for months to tell its status.

well, of course that is uncertain. it is an unstable thing. maybe the crytpo price will go down again. but, in a few days, the price will rise again. no one knows when the price of bitcoin, and altcoin really has a stable price. as long as it's not stable, I don't think there is a limit to recovery.

if the movement of the bitcoin price does not decrease and is at the price of $ 5400 during this week, then it shows that we will enter a bullish trend, and there is a possibility that the price movement will experience a slight increase.

Comparatively we're experiencing good growth even when the market keeps fluctuating. The market has reached above $5600, and this growth will truly create a continued price rally. The price movement will soon move with large variation tending to reach $6000 as good support is being gained.

[DeathAngel]

I think we’ve definitely seen the worst now as we transition into the new bull market. It’s going to be a slow upwards curve though. Still lots of time for accumulation.

[Umkar]

I think we’ve definitely seen the worst now as we transition into the new bull market. It’s going to be a slow upwards curve though. Still lots of time for accumulation.

If we talk about investing, then yes, there is still a lot of time to accumulate, because this bullish trend is not as active as it was in 2017. I am trying to stick to this strategy now. Nevertheless, every rise in Bitcoin price gives way to a slight drop, after which the price goes even higher than it was before.

[--DarkSecrets--]

What is the reason for the recent bullrun? Was there any news because I didn't hear of anything or did a big whale invest?

Well, i think its because of the recent good news in bitcoin about 3k was the bottom followed by several big news. In this pump i cannot say it was a bull run we have many things to be seen and prove that we have seen the bottom. Still a lot more events i wanna see and this pumps is maybe good for alts to breath before the next run down that can occur.