Sign of improvement to the market price of the Bitcoin.

[Twentyonepaylots]

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.

Indeed. Just because you're seeing some increase in price doesn't necessarily indicate that bitcoin in itslef is already recovering. We really hope that it bounces back just as much as you but judging the current situation of the market, it'll take a couple of weeks if not months for bitcoin to get back on its refular price which is around $8000. We might just need to wait for the meantime and have everything fall onto place. Judt continue supporting bitcoin in the sidelines and bitcojn will surely be back on the board.

[1714983264]

1714983264

[Leonardo7]

Bitcoin market is just too strong. The more they try to short it. the more they lose their bitcoin and get burnt because the community quickly buy the dip and push the price upward. People are wiser today on the market. They know the market always comes back better.

[Kelvinid]

Glady, we are still at $6k and above range. The situation has chances to get over in a few days from now. We don't need to worry so much nor to be one of those panic sellers and weak hands because it won't help the market but instead, it only helps to get worsen and dumps exactly.

Bitcoin market is just too strong. The more they try to short it. the more they lose their bitcoin and get burnt because the community quickly buy the dip and push the price upward. People are wiser today on the market. They know the market always comes back better.

That is why they keep on believing and have fate on it.
Some people who don't understand this stance will definitely be putting themselves into a lot of questions and doubtful minds.

[Jeezy911]

I honestly believe people are pulling from the stock market and going into crypto right now. It is actually a more stable investment today.

[Eugenar]

One of the reason that I can see why bitcoin reaches around 3,900$ is because of the Pandemic virus, which all of things get affected, this decentralized cryptocurrency also becomes affected by the virus, but the good thing that I can see for now is it is now recovering from 3,900$ it bounce back to 6,000$ even though the virus is still in different are.

[rodskee]

Improvements follows the Growth and we can't just find that instantly,yes we have experienced the baddest position Bitcoin ever has couple of weeks ago but this does not mean we will stay that down.
look at the market now there are some improvement but still struggling to reach another High and maybe the effect of the world crisis is still part of this down though we knew Bitcoin for long time now.
it can stay lower for long but if the movement triggered for sure we will see another hype in the next days or months.

[coinfinger]

After what happened this year I have stopped taking presumptions. It’s best to wait and see what the future holds than just speculating that things will happen and at the end nature decides to take control over everything and make the decision itself.

I was already believing that 2020 was going to be a very big year for Bitcoin and I wasn’t expecting anything such as Covid-19, but then out of nowhere this sh*t came up and ruined my dreams for Bitcoin and crashed every damn and not just bitcoin, but every damn thing. Bitcoin has been able to go up to the $6000 price range and I’m hoping that this pandemic is stopped and things get back to normal.

[pooya87]

I honestly believe people are pulling from the stock market and going into crypto right now. It is actually a more stable investment today.

"crypto" market has never been stable and nobody ever pulls out of stock market to go into the heavily manipulated altcoin market that has huge pump and dumps that created large price swings making majority of altcoin traders to lose money. besides only a very small percentage of people invest in both stocks and bitcoin and from that percentage even a small portion invest in altcoins.

[ReiMomo]

Bitcoin price now showing again a sign of improvement, we are now back again $6k range. Bitcoin price is really volatile we don't know what is the movement on it. Maybe this is regulated by a whale and together with this pandemic, they ride on it to drag more down the price of Bitcoin. However, the Bitcoin halving is the answer may be that we will have a bull run.

[BuNga_cute]

It's true that now the market is starting to see signs of improvement, it can be seen that the price of bitcoin has now risen to $ 6700.
Though a few days ago had dropped to under $ 4000. We, if you already know bitcoin, don't need to panic at the price bitcoin goes down,
because surely the price of bitcoin will always go up again. Sometimes the rise can be very high, all we need is it patience if you will decide
on investments in bitcoin.

[gundala]

March 12-13 2020 is like hell when red candles are everywhere, the decline in a single day is so deep. Some crypto observers say that this is not caused directly by the covid 19 pandemic, but only the domino effect of the world panic, so that a group of people sells crypto assets simultaneously to get fresh money and maintain or save their business and life in the real world. In fact, a few days later BTC prices began to rise while the stock market was still weak. The halving day can be one of the strong fundamental factors to bring in investors again, because based on the previous moment about a year after halving there will be a high pump price.

[FanatMonet]

This time market will not stable still but soon it will recover all the loss and i hope that in just some months so many countries will allow the crypto market and so many peoples will invest their money in the market and than the Bitcoin will make a great bull soon.

I would not expect a very quick price recovery, after all, the drop was quite strong, it seems to me that all the positive factors will not be able to turn the tide very quickly, especially because everyone will look at this drop and be very Caution.

[isaac_clarke22]

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.

Well due to the virus, we "kinda" expect it to happen to fall just like what is happening to the stock market right now even though both aren't related to one another in terms on how it is traded but they both resemble an income for the investors, and due to that they're kinda panicking out of the market followed by the other investors as well.
Right now, we seem to stabilize around 6k and I would prefer it that way for now.
8k range you mentioned might need to wait for now, and I expect or just think to happen when almost 60% of infected of the virus recovered already.

[michellee]

This time market will not stable still but soon it will recover all the loss and i hope that in just some months so many countries will allow the crypto market and so many peoples will invest their money in the market and than the Bitcoin will make a great bull soon.

I would not expect a very quick price recovery, after all, the drop was quite strong, it seems to me that all the positive factors will not be able to turn the tide very quickly, especially because everyone will look at this drop and be very Caution.

I agree with that. The market needs time to recover, and the important is to cure all people who get infected first before the recovery of the market process can run. There are many possibilities why bitcoin price can increase in this day. And maybe that is not because people want to save their money in the crypto than in the stock, but maybe people want to save their money in another form. But soon, bitcoin will be back to the highest price, so we need to be patient.

[ufaiz50]

We do not know whether the cause is indeed withdrawal of funds and then buy materials needed for lockdown, or whether the cause is market manipulation. we don't know what really happened. because I was a little surprised at the market recovery

I hope covid-19 has a good solution. nowadays I often look at the market because the circumstances in my country make my work less. then market volatility made me think a little hard.

[Pamadar]

We do not know whether the cause is indeed withdrawal of funds and then buy materials needed for lockdown, or whether the cause is market manipulation. we don't know what really happened. because I was a little surprised at the market recovery

I hope covid-19 has a good solution. nowadays I often look at the market because the circumstances in my country make my work less. then market volatility made me think a little hard.

For me, those small time investors are into panic and chooses to sell out with loses for their securities from this pandemic virus, They've need to
hold fiat money in order to make sure that they'll be able to supply their needs coming from this lock down.
Many people including crypto investors are worried with how this disease will continue affecting more and more countries around the world.

[Tiews223]

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

At a time where there is a pandemic, people have been reluctant in trading as they pull out their investments. People know that when manpower is moving less to not even moving at all, then there is little activity, when there is little activity, there is little income. I think it’s a domino effect as to why there is a great depreciation of value.

[kryptqnick]

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

Well, it's been 5 days since your post and a week since the article was published, and Bitcoin is still maintaining the price of $6500+. Surely, the question of 'for how long' is still relevant, but for now the situation seems stable.

We do not know whether the cause is indeed withdrawal of funds and then buy materials needed for lockdown, or whether the cause is market manipulation. we don't know what really happened. because I was a little surprised at the market recovery

I hope covid-19 has a good solution. nowadays I often look at the market because the circumstances in my country make my work less. then market volatility made me think a little hard.

Regarding this little recovery, I think there are a couple of possible explanations here. One of them is that there was no reason for Bitcoin to go down in the first place, it was just people panicking. COVID-19 is a big problem for many businesses, but Bitcoin has nothing to do with them. Another is that there's been some evidence that while traders are selling, hodlers are actually actively buying. This way one thing is compensated by the other, and the price can even grow if hodlers are buying a lot.

[wxxyrqa]

Regarding this little recovery, I think there are a couple of possible explanations here. One of them is that there was no reason for Bitcoin to go down in the first place, it was just people panicking. COVID-19 is a big problem for many businesses, but Bitcoin has nothing to do with them. Another is that there's been some evidence that while traders are selling, hodlers are actually actively buying. This way one thing is compensated by the other, and the price can even grow if hodlers are buying a lot.

In any case, what is happening on the cryptocurrency market can be the result of both user panic and manipulation, so that before the next bull run there is an opportunity to buy Bitcoin cheaper.  In any case, no coronavirus has an effect on the cryptocurrency market, although very often this idea is supported and disseminated in order to fuel the same panic of cryptocurrency users.  The fact that coronavirus affects the economy of many countries, as well as international economic relations, does not require any evidence and therefore many investors can seek salvation in the cryptocurrency market in order to avoid significant losses.  In addition, the upcoming halving can really attract a significant amount of investment funds, which in any case will increase the cost of bitcoin.

[jacafbiz]

With yesterday correction, I would advice people not raise their hope of that this short time recovery would be sustainable, $6200 level is an area of interest for me, those that are still on the sideline should still wait because the money that need to come to the space are not going to come anytime soon, over $3 million people filed for unemployment in America and just look at the ripple effect of this in coming weeks