Bounce Back is coming?

[Furious 7]

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.

Will this be big bear in the market? Prices fell suddenly because there was news about Bithumb. Is that the cause of the decline?

But I am sure bitcoin will stay above 11k or at least not past 10k and this recovery will be so fast seeing trends that are still happening today, other hype coins are indeed an obstacle where at times like this traders will find it difficult to return their tokens buy for the long term.

[1715202017]

1715202017

[1715202017]

1715202017

[STT]

I reckon still it could be making its way back to 200 day average and say about 9000 or so but its not likely to do so in a simple way.  For the moment its still above 10500 and not especially negative overall only short term.



Its breaking away from positive momentum and the weekly average to test this 10500 area.   I would guess it will pass below it but its a fair argument to say we are just seeing a wave of speculation retract only for another wave to lift us higher again.   my first thought is to check the sentiment in main markets, dollar value isnt rising alot so I dont think we can be too bearish however we arent pressing onwards with the same pace that came after the virus shock sell in March.   That period of easy gains is over now and so too some will depart with their easy money, BTC will find its footing somewhere and regain a positive trend but I dont think it has one right now so I dont see its safe to expect any bounce.

[ultrloa]

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.

Will this be big bear in the market? Prices fell suddenly because there was news about Bithumb. Is that the cause of the decline?

But I am sure bitcoin will stay above 11k or at least not past 10k and this recovery will be so fast seeing trends that are still happening today, other hype coins are indeed an obstacle where at times like this traders will find it difficult to return their tokens buy for the long term.

Don't know if we can relate those issue but I doubt the bithumb issue affects the market but anyways the one I think here is this is the normal movement of the market which day traders love but I'm still on the good side on it since we are still on a hype days where bitcoins have a chance to bounce back again. So provably at thus point bitcoin will stay at $11k and let see the another move if it will really dump at $10k level.

[naikturun]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

[reliable]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

[Bezobraznike]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

   I don't see any bad days coming our way as well. Crypto-market seems strong, and I believe we will see the higher prices before
the end of this year, with some red days along the way, as we all know crypto-market is rarely stable, price tend to change directions.
But overall we have more green days than red days, which is a positive thing for all of us. This is the good intro for eventual bull-run
we expect to happen in near future.

[gbrendeh]

With the current sharp drop in the price of BTC, will this speculation still hold? BTC has been struggling to break 12k - 12.5 k region and this has been its major huddle. Are we going to have any all-time high this year?

[onecall123]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I simply don't see that low, that's my thoughts. Bitcoin is in a downtrend again but this is not first time. Historically BTC experienced some sharp corrections during the bull market but always recovered fairly quickly from them to push much higher.

[Arkann]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I simply don't see that low, that's my thoughts. Bitcoin is in a downtrend again but this is not first time. Historically BTC experienced some sharp corrections during the bull market but always recovered fairly quickly from them to push much higher.

I completely agree with your opinion, since the historical indicators after the halving of 2012 and 2016, the Bitcoin exchange rate has always undergone a very sharp correction and I believe that the current period is no exception. I believe we should still be targeting the Ethereum 2.0 update for the ETH price, as well as the 2020 halving for the Bitcoin prospects.

[naikturun]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

   I don't see any bad days coming our way as well. Crypto-market seems strong, and I believe we will see the higher prices before
the end of this year, with some red days along the way, as we all know crypto-market is rarely stable, price tend to change directions.
But overall we have more green days than red days, which is a positive thing for all of us. This is the good intro for eventual bull-run
we expect to happen in near future.

OK, I also hope so, because of the red market yesterday, my portfolio decreased.
it makes me a little worried about a deeper drop.
I hope this weekend will be the last red of the month, and the following week the market starts moving up.

[shoreno]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

   I don't see any bad days coming our way as well. Crypto-market seems strong, and I believe we will see the higher prices before
the end of this year, with some red days along the way, as we all know crypto-market is rarely stable, price tend to change directions.
But overall we have more green days than red days, which is a positive thing for all of us. This is the good intro for eventual bull-run
we expect to happen in near future.

OK, I also hope so, because of the red market yesterday, my portfolio decreased.
it makes me a little worried about a deeper drop.
I hope this weekend will be the last red of the month, and the following week the market starts moving up.

2 guys above are not thinking of the worst but you , why your still doubting ? or maybe the 2 guys above are not an investor or dont have a huge portfolio like what you have  . the drop is not small and it can be a sign of more bigger drop but thats not guaranteed to happen because it can also be the last drop that we are going to experience and after this only increase are going to experience till the year ends  . do you like that ? me either , so start changing your mindset right now  .

[Raflesia]

2 guys above are not thinking of the worst but you , why your still doubting ? or maybe the 2 guys above are not an investor or dont have a huge portfolio like what you have  . the drop is not small and it can be a sign of more bigger drop but thats not guaranteed to happen because it can also be the last drop that we are going to experience and after this only increase are going to experience till the year ends  . do you like that ? me either , so start changing your mindset right now  .

No one knows whether this drop will continue or not but they are still worried about it if the portfolio has decreased, of course I will also feel the same way and this is not the time of investors or not where there is a deep drop so that is where we must be able to change patterns or at least it can secure assets from adversity.
We will see how the market will react in the future, in my predictions that it will definitely recover, but that is not yet confirmed.

[Saisher]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I hope it's not going to happen though I do not disregard the possibility that it will, the worst that will come is the second round of dump coming from the miners, we do not have a hint yet small investors are just following the flow of market, people will start buying if they don't see another round of dump then we will be ok if they start buying.

[naikturun]

2 guys above are not thinking of the worst but you , why your still doubting ? or maybe the 2 guys above are not an investor or dont have a huge portfolio like what you have  . the drop is not small and it can be a sign of more bigger drop but thats not guaranteed to happen because it can also be the last drop that we are going to experience and after this only increase are going to experience till the year ends  . do you like that ? me either , so start changing your mindset right now  .

I hope so and will change my thinking, but it will be difficult if you hold the coin and the position will go down you will always think about it.

No one knows whether this drop will continue or not but they are still worried about it if the portfolio has decreased, of course I will also feel the same way and this is not the time of investors or not where there is a deep drop so that is where we must be able to change patterns or at least it can secure assets from adversity.
We will see how the market will react in the future, in my predictions that it will definitely recover, but that is not yet confirmed.

Now that's what I'm worried about, because I see that BTC has only decreased slightly by 2-3% a day, while altcoins are the worst hit by this dump.
the problem is when BTC will the increase in alt be as fast as the decrease when the dump occurs?

[gabbie2010]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

Your analysis is on point the crash can't go below $10K+ a strong support is at that zone which might reject the price although some analyst predicted the decline to reach $9K of course the price had been consolidating above $10K an indication that it might not dump further, a good opportunity for buyers to enter the market already the price had dipped.
The  next pump or bounce back is expected to reach between $12K and $13K.

[Ryker1]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter the market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

Your analysis is on point the crash can't go below $10K+ a strong support is at that zone which might reject the price although some analyst predicted the decline to reach $9K of course the price had been consolidating above $10K an indication that it might not dump further, a good opportunity for buyers to enter the market already the price had dipped.
The next pump or bounce back is expected to reach between $12K and $13K.

Well, we are the same thought bro. After this serious inclined, that bitcoin almost below $9k would perhaps have a bounce-back between $12k to $13k within this year. But let see to it what will happen next, but if you have noticed this, the bitcoin price will go down but a months later it will rise again in the market, --so possible that there is a chance. I would advise everyone, not to panic selling. Instead, just be happy and accumulate more than you can afford.

[Sanitough]

not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.

I am not seeing that bad crash this time and may be it may stay in 10k range for some time and to me seems to be a good buying opportunity here and those who were waiting for this dip its good time to enter market and again it will bounce back quickly to 11k upwards. Do not want to miss this bull ride from here.

Your analysis is on point the crash can't go below $10K+ a strong support is at that zone which might reject the price although some analyst predicted the decline to reach $9K of course the price had been consolidating above $10K an indication that it might not dump further, a good opportunity for buyers to enter the market already the price had dipped.

Yes, bitcoin dumped at $9k but bounce back easily at $10k.
There will be no dump at a lower price, prediction is quite accurate IMO as bitcoin is slowly getting back on it bullish track.

The  next pump or bounce back is expected to reach between $12K and $13K.

That's something we, bullish on bitcoin are looking forward too, bitcoin did breached at $12k but fall again, so maybe this time it will break a higher resistance and would reach at $13k, that's a new high for the past 2 years if that will happen, and remember, next month we will be entering in the crucial stage to test if the market would end up bullish year.

[STT]

Theres a reaction to the two day average at present, a rough ceiling or tent top at least :p and this results after a rise today and since the bottom prices in the 9000's.   Its a normal rise to be expected on sunny weekends that then has to deal with main market traffic and trading that might weather its optimism downwards.



I dont think we have enough information to go on to decide this is the bounce and the bottom price is in.   I believe the market will say similar and recheck prices downwards, I see the strongest volume was near the bottom 10k or there abouts so its a good rise but I expect more of a check coming in from daily and weekly time frame participants.

[kesmex]

is it true that we are still entering the bullish season? I have some analysis, Bitcoin strong support is at $ 9600, and resistance is at $ 10500,
if it breaks the support of course this is scary, because we might see Bitcoin price at $ 8000, and bearish will continue

[buwaytress]

is it true that we are still entering the bullish season? I have some analysis, Bitcoin strong support is at $ 9600, and resistance is at $ 10500,
if it breaks the support of course this is scary, because we might see Bitcoin price at $ 8000, and bearish will continue

Think we already entered it a while back. Look around you and see the news and talk coming out. Winklevoss saying 500k BTC, analysts predicting ATH before end of 2020. This pullback won't affect those predictions. It's been bullish and still is, at least for as long as we don't plunge below 10k again, or we manage to limit the time we spend below it.