Good news for bitcoin holders, after falling price now Bitcoin Surges above 12%

[Prateek_sharma]

After the bearish trend, Bitcoin (BTC) is trying to gain back the momentum from the recent low of $9,657.

On June 3rd, the bitcoin price has gained more than 12% of its value in recent 24 hours, which is the best result out of top-20 coins.

According to 7-day chart, BTC is still down nearly 8% as the market is rocked by high volatility.

[Herbert2020]

not all price decreases are "bearish trend"! so you can't just call what we had in the past days as a "bearish trend" it was simply a correction that triggered some manipulation in some whales who wanted to fill their bags with bitcoin at a discount which is why we saw that big drop but since we are still in a bullish trend for the past 4 months the price jumped back up as they can't keep it down with manipulation when the trend is in the opposite direction.

not to mention that your title  doesn't make any sense! bitcoin "holders" don't care about these short term fluctuations. whether it goes up and down 10% or 50% in one day is not going to change anything for them because they are not day trading.

[AGD]

After the bearish trend, Bitcoin (BTC) is trying to gain back the momentum from the recent low of $9,657.

On June 3rd, the bitcoin price has gained more than 12% of its value in recent 24 hours, which is the best result out of top-20 coins.

According to 7-day chart, BTC is still down nearly 8% as the market is rocked by high volatility.

So, the price of Bitcoin changed and you think that people who are interested in the price of Bitcoin here on bitcointalk don't know?

[Artemis3]

not all price decreases are "bearish trend"! so you can't just call what we had in the past days as a "bearish trend" it was simply a correction that triggered some manipulation in some whales who wanted to fill their bags with bitcoin at a discount which is why we saw that big drop but since we are still in a bullish trend for the past 4 months the price jumped back up as they can't keep it down with manipulation when the trend is in the opposite direction.

not to mention that your title  doesn't make any sense! bitcoin "holders" don't care about these short term fluctuations. whether it goes up and down 10% or 50% in one day is not going to change anything for them because they are not day trading.

This. I was already warning about it when it reached 7k, too quick too fast can only lead to correction at best. I'll be glad if it remained at 9k and not plummet due to ignorance of some investors. The slower it moves, the better.

[rodel caling]

Some of people get nervous for that surprise drops of bitcoin but if really know how bitcoin moves sure you just stay calm and relax because it's either people sell their bitcoin because first day of the month people needs miney to pays obligations. Or maybe because have a little bit corrections for bitcoin price therefore we need to be brave and believe bitcoin goes get in again to hit 20,000$ this year 2019.

[kryptqnick]

I think Herbert2020 is right. It's not a bearish trend, it's merely a correction. And long-term investors in Bitcoin indeed don't care about these. The price is very jumpy, and it's back to $11k+ already. What I worry about is a very distinct difference between the growth in 2019 and back in 2017... Back then, as Bitcoin was growing, altcoins were thriving as well. It was the best time for ICOs and coins that are already on the market but are relatively new. They were getting a lot of Bitcoin's popularity, pushing Bitcoin's market dominance lower and lower. I believe at some point it as even slightly below 40%. When Bitcoin started rising this spring, I expected that the same thing to happen. That BTC would rise first, but alts would follow. Instead, Bitcoin is taking up even more market dominance than back in the worst bearish days... Maybe it isn't a bad thing, but I thought that altcoins would get their time to flourish again as well.

[mayukus4life]

I think it will find its base around $9000 plus before moving higher. Frankly speaking that movement upwards for few days was damn suspicious of manipulation. All in all the whales are playing their games.

[dothebeats]

A short stint of volatility isn't necessarily a bearish trend, IMO. A 'trend' is something for the long run, not just a couple of days and in fact, the drop only happened for 2 days if anything, and it was expected as well knowing that some people would need to take profits while they are still in the greens. All in all we have moved up nor down on this current week, as the price remains where it was just a week ago. Moves toward the upsides is still uncertain, although it's good to see that we claimed $11000 with ease.

[rdbase]

Watching the current market is confusing everyone who are doing technical analysis over the past 24 hours with this sudden increase in price.
Is it a pump or just a healthy correction from the slump of the past few days?
Nobody really knows from watching anyone on crypto twitter because they are all saying different if not the opposite things.
It is quite amusing watching them from just the previous day say something completely different today to be honest.

[Harlot]

A lot of people got a little tense when BTC again fell down below the 10,000$ level I myself personally brought back the horrors of it happening the first time last year but the good thing is I didn't let my panic decide for myself but then instead trust that this was just a big correction from Bitcoin going up to 13,000$ quickly and fortunately I was right and now BTC is again bullish. I'm still long in BTC and the whole market today this bull market is far from over.

[Linkkoin]

Corrections are not trends. Corrections are way more like chances to buy/sell the coins on a good price.

[bering]

It was happend several times during this year after uptrend there was slightly decrease for the price and some of people consider this is not more than corrections price because after that the price can bounce back and i do agree with the post above me i think that was good time to bought more bitcoin

[virendarnagpal]

Nothing to be excited.
remember history, December 2017 the price was around 19k and in December 2018 it was around 3.3k USD. 
So always have patience, be calm.   think twice before any investment (if one wants).  Only surplus funds to be invested which in case of loss, the owner still living one's life conveniently.

[enhu]

12% doesn't happen everyday. Though I don't see buying orders for large amount of BTC. But it works that investors are buying. I don't know if they could really hold. The day traders are really going to earn much with this. Which time frame should you be trading in this kind of market?

[ityandsyn]

After the bearish trend, Bitcoin (BTC) is trying to gain back the momentum from the recent low of $9,657.

On June 3rd, the bitcoin price has gained more than 12% of its value in recent 24 hours, which is the best result out of top-20 coins.

According to 7-day chart, BTC is still down nearly 8% as the market is rocked by high volatility.

      This really a good news for today even there's a little bit shaky of the price but it's growing to the top so just keep on holding and extend your patience , until it will be fully recover from the highest price last December 2017 before it was  go down . But today I think we are on the way to the moon  .

[7788bitcoin]

According to 7-day chart, BTC is still down nearly 8% as the market is rocked by high volatility.

Bitcoin is always a volatile market and we just saw a small correction for a few trading hours and now the price is recovering and looking strong, expect these kind of market and it is nothing new in bitcoin, no one expected these kind of rally which could take the price over $10k in June but the price of bitcoin always move unpredictably and i am not sure how much price it could gain by the end of this year as i expect a major push in the market by later this year.

[alroys]

Things that are common in trading Bitcoin and other Cryptocurrency.  Because the value of Cryptocurrency assets is very fluctuating, the decline in Bitcoin prices and also the increase in Bitcoin prices is a natural thing.  The important thing is, we must keep the spirit to trade and don't panic too much when the price drops.

[kaya11]

I think it will find its base around $9000 plus before moving higher. Frankly speaking that movement upwards for few days was damn suspicious of manipulation. All in all the whales are playing their games.

Maybe you are dreaming, this is hardly going down to 9k, it will continue to 15k USD. overnight hike was incredible and the next thing you know in the morning is definitely it will be increasing for 10 percent, and we can't manipulate that, the whales will have a hard time manipulating it.

[Trangtkhd2709]

 On a day not far from the price of bitcoin can reach $ 50,000 as the public opinion mentioned. With the current price of $ 11,300 as well as a 7% increase at the present time, I think holding bitcoin is a good thing to do

[romero121]

This time none got into panic on the price fall, everyone had a clear understanding about the market correction. The bitcoin price used to experience similar kind of price fluctuation everytime. Along with bitcoin there is also good growth with altcoins to some extent. We've got more chances for a bigger rise in price over the falling weeks as the ongoing price surge will keep more investors continue investing. This will keep the market continue its price pumping for a longer time.