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

[bettercrypto]

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.

Yeah! Rock and roll! Bitcoin is not yet declining. It is showing some aggression below 10K dollars which gives a greater support level. I assume that the whole month of July will just become a stable moment for bitcoin. There are some news who are saying that bitcoin goes down after it breaks the 12K dollars. However, because of the aggression that is showing by bitcoin, I never think that it will goes down.

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[antisocial77]

i agree. we needed that correction, it was an amazing move.i believe we brake record until the end of 2019.cant say anything after that.my problem is altcoins.

[Rufsilf]

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

I agree, I think it is already considered a norm in bitcoins price, whenever we see pump in the price then we can also expect a correction after so we can expect a dump, good thing the correction isn’t that much unlike before and I think it will remain on the $9k mark for quite sometime.

[rdluffy]

We are in a really good trend, I sold some coins to buy more in the dip and know I'm loaded with BTC 

It's important to stay above 10k

[spacehopper]

That is a good sign. Because thats mean bitcoin created a support line.Its better this way,more that go like a rocket and fall back to where is beginning to rise.More more support lines means bitcoin will hold in these lines during the journey to the moon.Support area for the rocket to refuel and start the journey.

[LogitechMouse]

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.

I don't think you can call it "Bearish trend" but rather I call it "Healthy correction" and another chance for the buyers to accumulate more Bitcoin.

For me, what happened is just a healthy correction and Bitcoin needs it because it will be more risky to enter the market if Bitcoin continues to rise at that moment. The investors needed that correction so that they can buy but I wish I could buy some too .

[slaman29]

Public opinion says $50,000? Don't you think that the public opinion really doesn't matter when it comes to Bitcoin price? Remember, when Bitcoin first came out, the public all thought it was a scam. And now the public all think they can profit of it. The only time the public matters for bitcoin is when they all start using it. Holding isn't going to help it very much at all.

Yes i remember that sentience clearly on /. back then, and for that reason i didn't pay it any attention when i had some money i could have invested in it... Now i will lament for the rest of my life not doing so. No matter how much bitcoin climbs, its bound to climb less and less with time.

20k is just 10k twice. Same gain as going from 1 to 2, or 100 to 200...
[/quote]

It's okay. Many of us were the same and that's good actually. If we were to start paying attention to everything that people thought that was cool, we'd be losing money left and right. Bitcoin was something totally different for sure, and it took us a while to realize that but better late than never. No need to lament, just appreciate that you're still in it before 99% of the developed world. And good you realize also we need to double to get 20k.

[winston236]

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.

Considering how quickly the price of Bitcoin has risen up lately, it will not be surprising to observe fluctuations in one way or the other. As a result, I am sure that we will see growth during this year with minor price adjustments.

[Baofeng]

And then the price fall in the last 24 hours for almost $1k, lol, that unpredictability for you. Do you need to FOMO? of course, but at least if you FOMO don't be too emotional if you see the price suddenly goes down after you put your money in the market. And really understand that this is the nature of bitcoin, and that the price would go on a parabolic rise, just saying.

[sulis sudibyo]

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

Public opinion says $50,000? Don't you think that the public opinion really doesn't matter when it comes to Bitcoin price? Remember, when Bitcoin first came out, the public all thought it was a scam. And now the public all think they can profit of it. The only time the public matters for bitcoin is when they all start using it. Holding isn't going to help it very much at all.

yes you are right, apart from all the opinions that exist about bitcoin, holding will not help much. Bitcoin needs mass adoption if you want growth. the current problem is why bitcoin has a high volatility because people only hold and sell. there is no real use for bitcoin.

so as long as it doesn't happen, $ 50K or $ 100k is just a dream. and even if that happens in the future, there will be a bigger fall than last year. I'm sure about that.

[waynechong1995]

On the chart it seems to be a pretty normal correction after a endless surge over weeks to top 10k easily, look how it was around the 4-6ish range those days, the buy/sell pressure so heavy thus the trend is only the major factor. I would wait for another low to get in my BTC for cheaper alts, the bullish is still there over 8k and there's so much players to catch the bottom

[Herbet Fry]

During the surge I had some struggle in my cart and I put it off and I came back a few hours ago and the cost was less. Then the opposite happened soon afterwards, so it weighs out.
You can always think like "oh I lost such and such amount of potential profit" there will always be potential loss in profit, it's just how it is.

[iamzill]

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.

now even after bitcoin experienced a big increase, bitcoin experienced a slight decline. but don't worry that bitcoin will continue to rise and that can be one of the big hopes

[jameswell]

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.

Can't agree more!