Sign of improvement to the market price of the Bitcoin.

[CarnagexD]

To the previous weeks the market price of the cryptocurrency rapidly fall down and that is not a good sign, one of the reason why does it happen is the virus rapidly spreading and some of the people pull back their investment and also some of them use the money to things they need just to buy foods and other stock of supplies their need to survive the pandemic plague because some of them have a lot of lockdowns to avoid the spreading of it.

After the market price of the bitcoin fall for over $3845 it becomes a huge loss and we are hoping to improve this again and after a week the price of the bitcoin becomes stable for over $5000 dollars and after 24 hours there is a huge change before over $400 million dollars investment to the cryptocurrency and that is a huge impact because this is a good sign of market changes any time, one of the things why this happens because of the halving is coming that the supply of the coin will be limited still we are hoping that this year is profitable of the year of 2020.


Sorce : https://www.coindesk.com/bitcoin-bumps-up-but-for-how-long

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[The Cryptovator]

It's good to see that bitcoin trying to stay above $6K zone lately after unexpected dump. Upcoming halving & COVID-19 effect is conflicting for btc price. Due to global crisis lots of holders sold btc for real cash and bought some daily needs in advance. Its true even me I did same things. Also who have enough money (very rich man) they are trying to accumulate some btc during this global crisis. In a result we encounter up trend sometimes. We don't what will happen regarding halving if we can't prevent COVID-19. Likely we will not see our expected price that time. Only time will say what will happen, we have to wait few more days. But still I think bitcoin on positive movement even on this global crisis.

[HardFacts]

 because of the halving is coming that the supply of the coin will be limited still we are hoping that this year is profitable of the year of 2020.

1.  Most crashes do not go down in a straight line.

2.  Some of the biggest RALLIES are in bear markets.

3.  A bump in price in a declining asset is so common, there is a name for it, it is called a BULL TRAP.

4.  The " halving " is already priced into the BitCoin Market, everyone knows about it already.  It will NOT reduce the number of coins, it will just mean fewer are created in the future.

I have no idea if BitCoin will go up or down from here, but I would be VERY WORRIED about its reaction to its first economic crisis.

Hard Facts

[Sanugarid]

I was not really expecting that hard fall from the price, I expected the price to somehow stabilize at $8K range and that literally shaken the world of most of us. The price is indeed recovering now, the last time I checked it, it was about $6400 then now it is about $6K only, good for me I did not bough yesterday though. I think there will be no pump at all even after the halving if we still have a large number cases of corona virus and we still haven't found the cure of it. It sucks.

[TitanGEL]

I was not really expecting that hard fall from the price, I expected the price to somehow stabilize at $8K range and that literally shaken the world of most of us. The price is indeed recovering now, the last time I checked it, it was about $6400 then now it is about $6K only, good for me I did not bough yesterday though. I think there will be no pump at all even after the halving if we still have a large number cases of corona virus and we still haven't found the cure of it. It sucks.

The panic that happened results to pulled out of the investments of some investors, that is the reason why I still not seeing the bitcoin as safe heaven where it can protect our wealth. It is also vulnerable when there is a financial crisis out there like what happened right now where the cryptocurrency market are also affected to the dumped.

[Tolosi]

I expect the price to go down bellow 6000 for sure due to corona virus lock-down which is going to happen in the US soon. It will be another run-for-cash this time in the US but not major one in my opinion.

[carter34]

I think there will be no pump at all even after the halving if we still have a large number cases of corona virus and we still haven't found the cure of it. It sucks.

This is important to note actually and I think you are correct. If there is no obvious reduction on the rate of corona virus infection then halving effect will be salient. So many have expected that having will make the hodling value big but let's hope to see that happen.

[crwth]

Maybe it's just a move where people could shake out the weak hands in the market or in the exchange. True HODLERS are tested and did anybody panic right away? I don't think so, it's just that it's a bloody market and that's just the way it's going to be, volatility.

[jossiel]

The rapid plummet isn't a good sign for holders because you're just watching the market. But somehow if you also tend to add more to your stack, you'll see that these drops have significant benefits whether you like or not.

It might look as an extended accumulation period so that you'll get bitcoins at the lower rates. It failed to pump up to $7000 but it has shown a healthy recover after hitting the possible bottom.

[KrisAlex18]

Because of the upcoming bitcoin halving and the COVID-19 that we are facing right now, bitcoin dumping happens to the point that it reaches for about 3,900$, which is really unexpected for me because I really though that it will only reach for about 6,000$ but in unexpected moment, this crisis happens and there are so many holders, players, investors and traders pull out their money just to use to purchase some goods and stuffs that they will be needing with our current situation.

There are a lot of people who converted their cryptocurrency into fiat currency because of being afraid that bitcoin will be dead soon, but I think that it is not a better option, holding and investing is still the best when things happen like this again.

[yazher]

One of the brighter sides of Bitcoin is when the price will suddenly fell, there would come a time that it would recover again. Maybe not soon but as we can see the price right now is recovering slowly. we cannot change the fact that due to the pandemic why the market right now is not going well, but the good thing is bitcoin halving is on the way and that would be enough reason for the investors to take advantage with this low price. because if they don't, they might regret not buying today because when the Bitcoin Halving became successful the price will increase in a significant way.

[TravelMug]

I was not really expecting that hard fall from the price, I expected the price to somehow stabilize at $8K range and that literally shaken the world of most of us. The price is indeed recovering now, the last time I checked it, it was about $6400 then now it is about $6K only, good for me I did not bough yesterday though. I think there will be no pump at all even after the halving if we still have a large number cases of corona virus and we still haven't found the cure of it. It sucks.

No one was really expecting that huge downfall.

Maybe it's just a move where people could shake out the weak hands in the market or in the exchange. True HODLERS are tested and did anybody panic right away? I don't think so, it's just that it's a bloody market and that's just the way it's going to be, volatility.

I think those weak hands have been shaken already, specially when the price goes to $3800-$3900, but I've seen right now is day traders, and scalpers, trying to squeeze in which way they can to make profit out of this bearish trend.

One of the brighter sides of Bitcoin is when the price will suddenly fell, there would come a time that it would recover again. Maybe not soon but as we can see the price right now is recovering slowly. we cannot change the fact that due to the pandemic why the market right now is not going well, but the good thing is bitcoin halving is on the way and that would be enough reason for the investors to take advantage with this low price. because if they don't, they might regret not buying today because when the Bitcoin Halving became successful the price will increase in a significant way.

Yes, bitcoin is so resilient as proven in the past, the only thing is that we haven't been tested in this kind of situation before. This is a pandemic that really affected everyone, not just crypto but traditional financial markets.

[Reatim]

To the previous weeks the market price of the cryptocurrency rapidly fall down and that is not a good sign

actually that is a good sign for Investors to Buy again because the market fell for more than 50% just  this past weeks.

this is advantageous if you really trust and believe Bitcoin will grow again soon.

After the market price of the bitcoin fall for over $3845

i don't think we fell that Bad?because accourding to CoinMarket Capitalization the lowest price of Bitcoin in the past  weeks is $4,106 and that is far from $3,845
https://coinmarketcap.com/currencies/bitcoin/

we are hoping that this year is profitable of the year of 2020.

the Year is more than 9 months before ending so there are so many things may come ,we don't know if the virus will be cured next month?who knows.

[maydna]

The weak hands will be tested again if the bitcoin price cannot stay at a price now, or the price cannot increase and back to $6,000. But we know that the market will always change, from up to down and back to up again. And unfortunately, we don't know when it will come. But yes, it seems, the bitcoin price is stable at $5,000 now because it does not go down below than $5,000 or it does not go up and break $6,000. Every time the price reached more than $6,000, the price will be back to the lower price, and I feel that is happening for more than twice.

So the bitcoin price at the market makes me curious about what will happen with bitcoin. Is it go down or up this month and the next month? But I guess that the price will always be like that, and we can only try to make a profit from the difference in the price.

[joeperry]

Now, many of Bitcoin enthusiasts believe that one of the positive sides of the falling price of Bitcoin, is there will be a recovery time soon, so this is a opportunity to hoard more coins to hold. Although due to the current global crisis, may Bitcoin holders have panicked and sold out their coins, worrying that these market would totally be destructed. Bitcoin may not seem a safe haven at this moment, but it is still serving its purpose and provide assistance to a lot of people at this point. Its volatility is what makes up the benefit it generate to its users and time can only tell when it will rise again, thus people are still believing in the potential of Bitcoin.

[Merrit1t]

When demand for bitcoins increases, the price increases, and when demand falls, the price falls TellPopeyes.

[sheenshane]

Maybe it's just a move where people could shake out the weak hands in the market or in the exchange. True HODLERS are tested and did anybody panic right away? I don't think so, it's just that it's a bloody market and that's just the way it's going to be, volatility.

Tend to agree about this, true crypto enthusiasts are strong holders too. Bitcoin price is really volatile and we didn't know what will happen next. Even the pandemic was still there we saw lately that the Bitcoin price was reached the $6k zone level. I always believed that there will be an improvement as always in Bitcoin's price.

We will see what is the result after halving, whatever it is just focus on hoarding and accumulating Bitcoin.

[davis196]

To the previous weeks the market price of the cryptocurrency rapidly fall down and that is not a good sign, one of the reason why does it happen is the virus rapidly spreading and some of the people pull back their investment and also some of them use the money to things they need just to buy foods and other stock of supplies their need to survive the pandemic plague because some of them have a lot of lockdowns to avoid the spreading of it.

After the market price of the bitcoin fall for over $3845 it becomes a huge loss and we are hoping to improve this again and after a week the price of the bitcoin becomes stable for over $5000 dollars and after 24 hours there is a huge change before over $400 million dollars investment to the cryptocurrency and that is a huge impact because this is a good sign of market changes any time, one of the things why this happens because of the halving is coming that the supply of the coin will be limited still we are hoping that this year is profitable of the year of 2020.


Sorce : https://www.coindesk.com/bitcoin-bumps-up-but-for-how-long

I wouldn't call the BTC price recovery "improvement".This is just a volatile market.I guess that many traders sold altcoins and bought Bitcoin,because it's a little bit more stable than altcoin.Some crypto whales might "bought the dip".
The Federal reserve system and the European central bank are going to print billions and trillions of US dollars and euro,in order to fight the coronarecession.All those paper money will eventually pump the price of Bitcoin.The question is when will that happen?

[bitbunnny]

Don't stick to current price as a sign of recovery. In uncertain time like this it's hard to estimate if this is only temporary situation or sign of recovery. Don't plan anything and don't be too happy too soon, just watch the market and be prepared to react accordingly.
With Bitcoin everything is possible, don't forget that.

[Sadlife]

If you set your eyes on the target and you know what you've invested on is a great technology and a revolutionary asset and currency then you shouldn't worry about having a stop loss. Because eventually the world, banks and governments will see how it can be a vital use to the upcoming crisis like a hedge and alternative payment for cash just like what we saw in Italy.