🛑 Can bitcoin prices bounce back? Opinion Poll With Results 🛑

[electronicash]

as long as the investors understand that the governments are printing a lot of bills to stimulate their economy, the money will keep on going into the market. and the adoption also increases. it could just stay are the current levels for now on $45K-$555, it could just go sideways on this range or it could even dip again as it's really too high for an investment price. it will take up until June or July before going up again and yet this is just my assumption, it may not happen and I could be wrong again.

[Zanab247]

Yes, it can bounce back because what happened during the pandemic show to the users, bitcoin price will soon dump in exchange market. But even though the price of bitcoin want to bounce back can not bounce back to 2016, where many investors where seriously worry about their low profit they where experiencing during the season.
Since bitcoin price started reducing in the exchange market, many customers are still doubting if the price will reduce to $19k before it will go higher to $100k. Based on what we saw concerning other cryptocurrencies show that bitcoin cannot bounce back to $19k before it will rise to $80k.

[wxa7115]

Bitcoin price will bounce back eventually. We just don't know when. For now, it's trying to break the $50k resistance. If it can't, then we could see the price coming down a little more. I guess buying the dip and HODLing is the best option for now. 

Bitcoin bounced back almost immediately and this is a very positive sign, the correction we suffered was natural but it seems people are expecting for the market to go up every single day without any setback and this is not possible at all.

To me this was a deliberate movement by the whales to try to get more coins before the inevitable pump that will come, all the signs are pointing towards even more growth but the whales seem to like this level to accumulate more coins, so the only thing we can do at the moment is to wait for the moment when the whales finally decide to act and pump the price once again.

[Yaunfitda]

Less than a week after this thread, bitcoin already bounce back from as low as $47k to $54k-$55k today.

So it just shows how bitcoin is resilient it, and for those who doubt bitcoin again and again, please stop, it has proven time and again that it can recover from such crashes and come back strong and will reach another all time high. So let this be a lesson for all of us, not to panic and just wait it out.

[beerlover]

for those who doubt bitcoin again and again, please stop, it has proven time and again that it can recover from such crashes and come back strong and will reach another all time high. So let this be a lesson for all of us, not to panic and just wait it out.

I guess we will need to keep encountering such things because always new people are joining bitcoin and then this community hence they will keep rising such questions which makes people like you and myself may need to keep answering them so that they also will get confident and may get practiced to such correction and then recovery of bitcoin markets.

Weekly at least two or three topics I'm seeing which are doubting about the future of bitcoins. Still, I will come such discussions because those things might help new people to get enlightened about the future of bitcoins.

[Ludmilla_rose1995]

no need to worry about a temporary drop in prices. we have seen today compared to 3 days ago. yes, 3 days ago many were speculating that the bears have arrived. but I don't believe it. Rather it is a buying opportunity for me. I managed to buy in the $ 49K range, and now it's $ 54K.

If there is a downturn this year, it is an opportunity to buy. don't believe in FUD because you will panic and sell.

[STT]

are you all going to still be calling it the 'one'

Its not top because of a website ranking, BTC has the highest security over various alt coins.   That impacts the size of transaction possible that is still secure so majority of traffic in large amounts will stick with the most secure blockchain, its a self reinforcing type of thing.
   I'd say with the current move it bounces back until 50 DMA is reached and then we begin a proper fight between bulls and bears.   He is a good chart I saw posted that shows volume weighted averages:

[Congyang]

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

[ethereumhunter]

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

Bitcoin needs more time to lift the price again and while the price is still at the current price, maybe we can try to take a look at altcoin because some altcoin can increase. I believe bitcoin can bounce up and as other people do, I am trying to buy some satoshi at a low price and hold it for a while. It seems the correction will still happen this month, and although we do not know when it will end, we do not have to worry because, in the end, the bitcoin price will increase more.

[leea-1334]

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

That indeed is what we are all hoping for but as I often like to remind my circle of friends,,, hope alone does not carry us to where we want to be.

Let the markets bring the right price. Our job is simply to keep using Bitcoin and not just hodl it for the sake of it. Long term BTC price is up but only if long term usage is also up!

[FanEagle]

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

Bitcoin will bounce back and I am not having any doubt on that but right now bitcoin is struggling to break the resistance levels around $55k to $57k which remains strong these days and once bitcoin breaking these levels and sustaining above $60 levels will lead to continuation of bull run. It seems bitcoin need some external help right away because bitcoin is waiting for any good news for its progress.

Bitcoin may test $80 levels in next month but right now it is into sideways movements. It is common for any market because when there are significant number of traders are into profit booking against new investors, this type of sideways do happen.

[Kittygalore]

bitcoin will bounce back even higher than its price some time ago. I see now that bitcoin correction does not bode as a downturn, but as one thing for bitcoin to fly higher in the near future. believe bitcoin will bounce back

Definitely, just look at the charts of bitcoin prices, there are downs followed by a big pump so definitely the price is going to bounce back. And to everyone who checks the prices everyday, stop doing that because you just feel unnecessary anxiety looking at the prices going negative, remember the rule of the market, it will only go up in the long-term.

[LUCKMCFLY]

Surprisingly now, Bitcoin is having a very pleasant recovery, at the moment it is going for $ 57k, it could be said that the price is finally recovering satisfactorily, this has taken traders by surprise:

Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April.

At press time, $57,000 still formed a focus, with the pair needing to clinch $58,800 to avoid April's monthly candle turning red.

Source: https://cointelegraph.com/news/bitcoin-hits-57k-in-surprise-surge-to-almost-erase-april-btc-price-crash

Of course, you cannot claim victory that the recovery of Bitcoin will begin again, it may be a small bullish trap, it is very common in the market.

[Findingnemo]

Bitcoin seems to be trending going down lately. Do you have an argument for its comeback, leave a comment.

It bounced back already and holding around $57K, before asking any question you can analyze the possible reasons for it then you can identify whether it can be a short term down trend or the beginning of bearish trend but we didn't see anything like bearish all just happened due to the miners out of electricity which increased the transaction fee to the level which is expected by no one but still the price bounced back when the normal hash is yet to come so we can expect further increase in BTC price.

[777Jolami]

In clear weather conditions again.  The most important and biggest difference this year compared to other volatility cycles is that institutional investors, after correcting their volatility at $ 47k last week, total market cap  on CMC shows that.  is a significant drop from this audience.  

However, they came back and recovered very quickly.  Trends are still supported.  I will not worry, just continue to phase 2. I believe they will buy very strongly at $ 50-55k.  Before bitcoin can rise to the new ATH level, it must be kept and maintained at this level.

[forestx]

I am nervous about it. While I believe it will go up again and break 60K again I do wonder if it has the strength to continue to rise or are we seeing a general slow down.
My hope for the year was to see 100K that means we need to see about 75% growth
I am wondering if I would be better moving my holdings to other coins and try and get a 2X that way

[RealMalatesta]

It bounced back already and holding around $57K, before asking any question you can analyze the possible reasons for it then you can identify whether it can be a short term down trend or the beginning of bearish trend

Most people here are not interested for doing their own analysis but they are just curious on another's opinion. At some point, few people started thinking about beginning of bearish trend because bitcoin has fallen more than 20% at those times. So, no wonder from OP to be coming up with such a question here.

I'm not seeing any big reasons for bitcoin to be having very short bull run this year unlike of all previous bull run. So, we can remain calm by making use of all available dips to buy more. It is time for FOMO to happen but it is getting delayed for unknown reasons still we have plenty of time left for FOMO and then final ATH to happen.

[wxa7115]

Less than a week after this thread, bitcoin already bounce back from as low as $47k to $54k-$55k today.

So it just shows how bitcoin is resilient it, and for those who doubt bitcoin again and again, please stop, it has proven time and again that it can recover from such crashes and come back strong and will reach another all time high. So let this be a lesson for all of us, not to panic and just wait it out.

And people like us knew this was going to eventually happen, after all we know how strong bitcoin really is and I was never really worried about the drop in price that we saw a week ago, but newbies are very easily influenced by everything that they read in social media which means that as soon as they begin to see all kind of news that indicates the price of bitcoin is going to keep going down they sell their coins, lose their money and then they realize they had been played.

But by the time that they realize this it is simply too late and they are left with two very difficult options to take which is to buy at the current price which is higher than the price at which they sold or to stay out of the market hoping that the price goes down, which as we know it is a terrible mistake especially when we are in the middle of a bull market.

[Yaunfitda]

Less than a week after this thread, bitcoin already bounce back from as low as $47k to $54k-$55k today.

So it just shows how bitcoin is resilient it, and for those who doubt bitcoin again and again, please stop, it has proven time and again that it can recover from such crashes and come back strong and will reach another all time high. So let this be a lesson for all of us, not to panic and just wait it out.

And people like us knew this was going to eventually happen, after all we know how strong bitcoin really is and I was never really worried about the drop in price that we saw a week ago, but newbies are very easily influenced by everything that they read in social media which means that as soon as they begin to see all kind of news that indicates the price of bitcoin is going to keep going down they sell their coins, lose their money and then they realize they had been played.

Yes, for us, or for those who have seen the last bull and bear market, we are not going to doubt bitcoin. We are still in the bullish trend, that's why when we had such crashes, the price will bounce back again and again.

But by the time that they realize this it is simply too late and they are left with two very difficult options to take which is to buy at the current price which is higher than the price at which they sold or to stay out of the market hoping that the price goes down, which as we know it is a terrible mistake especially when we are in the middle of a bull market.

It's going to be a learning curve for newbies, but in no time I'm sure that they will really from their mistakes. They are not going to have the experience under their belt, not to panic and sell and it's not going to be difficult for them to just hold and not worry about these kind of flash crash.

[ethereumhunter]

Bitcoin can bounce back to the high price but after bitcoin reaches the high price, it will go down and make a correction so you do not need to surprise or shock if you see the price goes down. If you see that happen to the market, you should buy the dip and hold and do not panic by selling your bitcoin right away because you will regret it later, especially if the bitcoin price starts increasing and reaching the next highest price. The price now seems are waiting for a sign to start increase again but we do not know for sure, so we need to be careful.