Bounce Back is coming?

[dunfida]

Unfortunately things are not looking great for now, I am sure it will look better in the future, right now price is about $11.5k and that doesn't seem to be moving up or down, it got stuck there for few days. However at one point there is really need to be a change, we can't have bitcoin at $11.5k forever right? So, that means there will be a moment when bitcoin moves and it looks like up is a great possibility right now, that is why bounce back will definitely come.

Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.

The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can.

Keep buying and only to those amounts that you can afford to lose.We know that each person cant handle out the risk here in cryptospace and end up on selling on lose.We cant just
expect that the market will have continuous rise and of course there would be corrections or pullbacks that will happen because if it do continue to rise for a short period of time then
thats already a dubious kind of movement which we can presume out that its pure manipulation or just pure hype.

Instead of panicking on going to low levels then people who do had sufficient knowledge will surely take these situations or times to be just part of the norm.Instead of panicking
they do saw this as an opportunity to buy cheap and repeat the same process.

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[carriebee]

well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.

The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping.

[Twinkledoe]

well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.

The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping.

I have strong belief that bitcoin will increase in the coming months. So no worries if the btc is lil bit down. Remember, it's been long time that we haven't seen btc in this level. And having more than $11k+ is already good thing in crypto for the moment. Of course, this level is not forever so you need to prepare on what to do with potential movement in the market.

[carlisle1]

Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).

How much is the value of the bottom?2 days it stand great still at $12,000 but after 4 days the trend change and the price starts to fell lower and still lowering now.

Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.[/size]

$11,600 had gone 2 days ago because the price now stands string at $11,300 in which i believe is the bottom?
sooner we will see the Pump and this will lead us to $17,000?

well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.

don't be exaggerating mate because we did not fell to $11,100 meaning we are far from falling below 11,000 and there are some threads that says this is the corection and effect of the whales who sold His 9,000 Bitcoin from 2 years of holding.

[palle11]

well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.

The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping.

I also see a recovery of about $1000 from the current selling price of $11,400 in a daily chart. That means within a short time when we see another bull, price is going to head towards $12,400. I'm just hopeful for this to happen.

[electronicash]

We don't know yet on how long we can stay stable at $11k+ but what good thing here when I open some several topics in this forum people still positive for price bounce back after the $12k price reached and dumped. Maybe we are not done yet by now since I'm positive that green days will continue until the end quarter of this year.

everyone is positive on BTC. many of us will take this dump as a buying opportunity. most of the altcoin that will pump though are just be defi projects.

the timing that OP provide however isn't exactly correct. taking a look at the charts it may take another week or two before the bounce will starts to pick up. and this is even uncertain still until we can see its oversold.

[plr]

The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can.

I hope it will not go back to that $10 k level again, weak hands tend to panic when they see a big drop in the price, so far we are in the $15 k level and this is good right now a drop to $13 k will be like a domino effect for people with weak hands I'm very positive that we will reach $17 k next month.

[bitcoinisbest]

The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can.

I hope it will not go back to that $10 k level again, weak hands tend to panic when they see a big drop in the price, so far we are in the $15 k level and this is good right now a drop to $13 k will be like a domino effect for people with weak hands I'm very positive that we will reach $17 k next month.

From some time now it’s being above 11k only and had reached 12k in that time couple of times and little panic selling happened and due to which it came back down again, but not much like that it reaches 10k levels or so. So not expecting major correction here and more the bounce back keeps happening after the fall.

[LogitechMouse]

Or maybe we can see the same when Bitcoin sits between the $9,000 and $10,000.

Either way, the ascending channel that the OP has posted can be considered as a possible support and resistance for the price of Bitcoin. I predict that a movement to the downside will happen in the next few weeks before we see a major run towards the upside but anything can happen so there is also a possibility that we will surpass that previous high of Bitcoin at around $12,400.

Either way just be vigilant. When everybody says that Bitcoin will go up, it is a sign that a dump will happen anytime and vice versa .

[Jating]

The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can.

I hope it will not go back to that $10 k level again, weak hands tend to panic when they see a big drop in the price, so far we are in the $15 k level and this is good right now a drop to $13 k will be like a domino effect for people with weak hands I'm very positive that we will reach $17 k next month.

Before it can go down to $10k levels, it has to broke the $11200 support which for now is doing good at holding that spot. But there are resistance along the trend line, $11600, and each. time we get to that levels, it slowly dip down at what we have seen in the last couple of hours.

So we might see the price bouncing around $11400-$11600 for quite sometime because an imminent break out run to $11800-$12k, or go back to $11200. $12k is out of range for now as we need to hope a lot of resistances before we can see a rally.

[Ayiranorea]

Bounce back of market with cryptocurrency is quite common. In recent days what we experience is gradual growth in the market. A bounce back is possible with the whales move, and these days cryptocurrency users are used to it understanding the market. Upon the same there is no big fluctuation with the market.

[samcrypto]

Bounce back of market with cryptocurrency is quite common. In recent days what we experience is gradual growth in the market. A bounce back is possible with the whales move, and these days cryptocurrency users are used to it understanding the market. Upon the same there is no big fluctuation with the market.

Whales can totally manipulate the price of the market but that’s not healthy and we should go up because of many good news and many adoption, not just a hype.

Its normal to experience correction and now the trend is going up again and we are challenging the resistance level so if we are able to stay above the price of $12k, then another target will be reach. If you’re already used on this kind of trend, you can make a lot of money riding the volatility.

[cryptomaniac_xxx]

Bounce back of market with cryptocurrency is quite common. In recent days what we experience is gradual growth in the market. A bounce back is possible with the whales move, and these days cryptocurrency users are used to it understanding the market. Upon the same there is no big fluctuation with the market.

Whales can totally manipulate the price of the market but that’s not healthy and we should go up because of many good news and many adoption, not just a hype.

But it's getting harder for whales to manipulate as the market is growing today.

Its normal to experience correction and now the trend is going up again and we are challenging the resistance level so if we are able to stay above the price of $12k, then another target will be reach. If you’re already used on this kind of trend, you can make a lot of money riding the volatility.

It will definitely grow, we are just in the beginning of bull run, we haven't seen the massive spike it. Those barriers like $12k will be broken eventually, it might take some time for investors to let their money inside the bitcoin market to make a push again as majority of them are riding the volatility to make some profit.

[rodskee]

Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).

we never even last a week standing at $12k for this whole year,we will just touched and stays couple of days and
then fells down again the scenario is the and just running front and back ,things that very annoying for those who had been looking for at
least $15,000 and up value to sell out and make even a little profit
being trapped in recent year.

Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.[/size]

The support has been broken since we drop at the lowest for how many weeks down to $11,300 or even below ,So meaning that the indicated
 in that chart seems to be holding us from expecting another Low?
or we are in correction for the next Run?
I can find you Good in speculation and graphs Please update your thread from time to time because i am tired following others with only falls indicators.

Bounce back of market with cryptocurrency is quite common. In recent days what we experience is gradual growth in the market. A bounce back is possible with the whales move, and these days cryptocurrency users are used to it understanding the market. Upon the same there is no big fluctuation with the market.

Always blaming whales,what about some losses?

But recently there are big movement of bitcoin amount going to some exchange and this is thousand of Bitcoin involved.

[lixer]

Once again we finished a whole week without really moving too much. You can say that a high of 11.8k and a low of 11.3k could be some movements but in the grand scheme of things bitcoin moves a lot more than that and unfortunately this isn't a movement for bitcoin at all, this is just a regular up and down for it and for now we can't really make that move too much for now and just have to live with it.

I was hoping the price to finally go above 12k and stay there, but for the past week it never even tried to do that and we are just watching the price being still. Hopefully the price of bitcoin would make a move this week finally, the summer is ending, September is coming, maybe that will change some stuff, I really hope that we could make some changes finally and break this small cycle of going around 11.8 and dropping to 11.3 and constantly doing that.

[btc_angela]

Once again we finished a whole week without really moving too much. You can say that a high of 11.8k and a low of 11.3k could be some movements but in the grand scheme of things bitcoin moves a lot more than that and unfortunately this isn't a movement for bitcoin at all, this is just a regular up and down for it and for now we can't really make that move too much for now and just have to live with it.

Oh well, perhaps bitcoin has just settled down around this range though, maybe it will take long before we can finally see some movement. It's already the start of September, I have high hopes that it will trigger some growth.

I was hoping the price to finally go above 12k and stay there, but for the past week it never even tried to do that and we are just watching the price being still. Hopefully the price of bitcoin would make a move this week finally, the summer is ending, September is coming, maybe that will change some stuff, I really hope that we could make some changes finally and break this small cycle of going around 11.8 and dropping to 11.3 and constantly doing that.

No worries, it will go above $12k, as I have said, remain positive that the last quarter will bring something different and we will finally see the price going into $12k-$13k.

[buwaytress]

I was hoping the price to finally go above 12k and stay there, but for the past week it never even tried to do that and we are just watching the price being still. Hopefully the price of bitcoin would make a move this week finally, the summer is ending, September is coming, maybe that will change some stuff, I really hope that we could make some changes finally and break this small cycle of going around 11.8 and dropping to 11.3 and constantly doing that.

And today you just might see that after all, but this is for me just another repeat of the $9-10k oscillations. 10% profit on the top, buying on the retracement, rinse and repeat as you like. Tempting for me to go in but I've never given in and just waiting now for each oscillation to go up bands. Soon enough (months, a year), we'll be seeing the oscillations from 18k-20k and then all of this won't matter.

[wiss19]

Bounce back of market with cryptocurrency is quite common. In recent days what we experience is gradual growth in the market. A bounce back is possible with the whales move, and these days cryptocurrency users are used to it understanding the market. Upon the same there is no big fluctuation with the market.

Whales can totally manipulate the price of the market but that’s not healthy and we should go up because of many good news and many adoption, not just a hype.

Its normal to experience correction and now the trend is going up again and we are challenging the resistance level so if we are able to stay above the price of $12k, then another target will be reach. If you’re already used on this kind of trend, you can make a lot of money riding the volatility.

Well, if you want whales to not be able to manipulate the market, you need to make sure that liquidity is super high and in billions, right now liquidity is high so that is why they are not manipulating too much but sometimes market gets bored of not moving so they get out and only the orders stay and active trader count drops a lot, when that happens whales come in and they start to trade bitcoin however they want and make it go up or go down depending on how they believe they could make the most money.

Just 2 months ago or so there was a situation where long futures were overbought compared to short but there was not that many buy orders so whales just sold a lot of coins and dropped the price from 11k to 9k again and that allowed them to pick up tons of profit from the futures market.

[carlisle1]

well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.

The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping.

It does recovered recently,last night reaching $12k again but suddenly falls back just hour ago.
but it is best to see how recovering happens these days as the daytraders or short term trader are making money even if they are using Bitcoin.
I love to see how much will it Be in the end of 2020.
$15k is enough for me because i am seeing another good Hype in the coming year.

[el kaka22]

Once again we finished a whole week without really moving too much. You can say that a high of 11.8k and a low of 11.3k could be some movements but in the grand scheme of things bitcoin moves a lot more than that and unfortunately this isn't a movement for bitcoin at all, this is just a regular up and down for it and for now we can't really make that move too much for now and just have to live with it.

I was hoping the price to finally go above 12k and stay there, but for the past week it never even tried to do that and we are just watching the price being still. Hopefully the price of bitcoin would make a move this week finally, the summer is ending, September is coming, maybe that will change some stuff, I really hope that we could make some changes finally and break this small cycle of going around 11.8 and dropping to 11.3 and constantly doing that.

Yeah, it has been over 10 days and there is no bounce back at all, we are not over 12k, we are still over 11.5k which shows you that there was no real fall to be honest, sure there was a bit but there wasn't really all that much, it was a regular small correction and it really doesn't matter too much. And all of that actually came with a "recovery" that was like 300-400 dollars at most, which is why I believe the "bounce back" can't really happen because there was nothing that they could bounce from, price was already fine when it went down and it is still fine, we are in a situation where price could be considered stable.

If you want to talk about going up though, that means price should be above 12k and I do not see it happening right now, maybe in the future but not right now, that is why there hasn't been any bounce back.