Bitcoin starting to recover

[YanBitMoney]

The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future.
Although currently the majority of investors still have negative perceptions, there is some data that can prove that Bitcoin is beginning to recover. It should be noted that no one knows the end of this correction, but some of this data can aid to see the end of the correction.

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.https://twitter.com/MatiGreenspan/status/1396403303114813441

At that time, there was a deep correction of Bitcoin (more than 50%) due to the announcement of the Covid-19 pandemic. At that time, the majority of market participants referred to the correction by Bitcoin and the crypto market as “Black Thursday” or “Dark Thursday.” However, it was an excellent time to make a purchase.
The same phenomena is happening, wherein the market corrected more than 50% — a sign of high recovery if the same thing is actually happening.

2. Stock to Flow Model
Apart from the Fear & Greed Index data, the Stock to Flow (S2F) Model, which generally predicts the movement of Bitcoin, also shows the same thing. The Stock to Flow predicts that the lower limit of the correction is $30,000
https://twitter.com/100trillionUSD/status/1396021832130744320

3. The Number of Stablecoins on the Exchange Increases
The number of stablecoins that are on the majority of the world’s exchanges is currently at its highest which is a sign that there are large parties waiting to buy. However, there is another possibility that this figure is a flow of funds from new investors who have recently entered the crypto ecosystem.

All these signs move together to prove that there is a potential for Bitcoin to recover in near future. It seems that now is the right time for Bitcoin to start recovering.

Source: https://medium.com/snapbots-news/snapbots-news-review-good-sign-for-the-crypto-market-bitcoin-starting-to-recover-a5a143c94482

[Lorence.xD]

I hope that you are right OP, although I do like that it is recovering really early, I am a bit frustrated that it won't go down much deeper because I want to increase the bitcoin that I have so I can get more profit.

[enawati]

Back to 2017, when that time for bullish season, any negative statement of FUD only temporary impacted on the market. And the current FUD, I believe will be the samething. The market will back for bullish season, we should more patient waiting for that. Many new investors will see the current price as a cheap price and they think a good time to buy it. I was make analysis based on history price and technical  I predict the price back to the top again in 3-4 month.

[cheezcarls]

The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future.
Although currently the majority of investors still have negative perceptions, there is some data that can prove that Bitcoin is beginning to recover. It should be noted that no one knows the end of this correction, but some of this data can aid to see the end of the correction.

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.https://twitter.com/MatiGreenspan/status/1396403303114813441

At that time, there was a deep correction of Bitcoin (more than 50%) due to the announcement of the Covid-19 pandemic. At that time, the majority of market participants referred to the correction by Bitcoin and the crypto market as “Black Thursday” or “Dark Thursday.” However, it was an excellent time to make a purchase.
The same phenomena is happening, wherein the market corrected more than 50% — a sign of high recovery if the same thing is actually happening.

2. Stock to Flow Model
Apart from the Fear & Greed Index data, the Stock to Flow (S2F) Model, which generally predicts the movement of Bitcoin, also shows the same thing. The Stock to Flow predicts that the lower limit of the correction is $30,000
https://twitter.com/100trillionUSD/status/1396021832130744320

3. The Number of Stablecoins on the Exchange Increases
The number of stablecoins that are on the majority of the world’s exchanges is currently at its highest which is a sign that there are large parties waiting to buy. However, there is another possibility that this figure is a flow of funds from new investors who have recently entered the crypto ecosystem.

All these signs move together to prove that there is a potential for Bitcoin to recover in near future. It seems that now is the right time for Bitcoin to start recovering.

Source: https://medium.com/snapbots-news/snapbots-news-review-good-sign-for-the-crypto-market-bitcoin-starting-to-recover-a5a143c94482

Yes it even tried to reach $40k, but I am calling it as the resistance level. The whales have allocated 125k+ BTC when it dipped to $32k, and I can say it is gonna be the strong support level. It may take a while for us to see BTC going forward as we are still in the consolidation phase where it is currently trading sideways between $33k to $40k. I think maybe next month would be a great start for us to see another potential healthy bull run for Bitcoin and other cryptocurrencies.

[ropyu1978]

bitcoin is starting to recover ,, this is all a billionaire game ,, whales used to collect lots of points when bitcoin crashed, now they must be laughing when bitcoin recovers, and now they have to wait for bitcoin to return to normal ,, and they sell all their bitcoins and resell it ,, sure they will definitely make a big profit ..

[Yaunfitda]

Too early though to say that we are recovering, the price is still fluctuating from $36k-$38k. If we are on the way to recovery, a good support though should be at $40k. So it might be a slow and grind to reach $40k again unless whales started to bought bitcoin right now or there is some positive news that will push the price to that range. So just sit and relax and let's see in June that we have someone on the bullish cycle again, (I hope so).

[noorammak]

The strong price drop has occurred for several days in a row and the market must surely have a rebound when the selling pressure subsides. I expect Bitcoin to not continue to drop in price as it is down almost 50% since ATH.
I think Bitcoin will move slower than it did in the past and break through the resistances to move towards new ATHs.
$100k is an achievable price point by the end of this year that we can expect according to traders' predictions.

[wallet4bitcoin]

Bitcoin is strong cryptocurrency. Hope it will back to $50k very soon. If BTC can recover, Market again will be green. It’s clear almost all coin/token follow btc market.

[franky1]

2. Stock to Flow Model
Apart from the Fear & Greed Index data, the Stock to Flow (S2F) Model, which generally predicts the movement of Bitcoin, also shows the same thing. The Stock to Flow predicts that the lower limit of the correction is $30,000
https://twitter.com/100trillionUSD/status/1396021832130744320

stock to flow DOES NOT PREDICT ANYTHING

one part of s2f is to merge in an average price.. and then compare that to the price
guess what there will always show a pattern because its price vs price comparison
the result is not predictive. its responsive

take out the 'average price' element' and whats left is nothing like what you feel is a prediction

the only reason there is a pattern of S2f vs price. is purely because s2f has a price element in it to cause the pattern

in short s2f is not a predictor and instead is a useless graph that makes idiots think they found some smart metric
they have not. they are being fooled

[acener]

Well I do hope that it is really going to recover and be back to at least $40K+ again soon.
But I am already grateful that it didn't get to stay or be at $20K+ from the recent crash,
And it is already near $40K now so hopefully soon we would see it again touch $50K and stay there again for long.
But I am still curious what would happen if we enter another bear market again if we would consider the recent market drop as one?
I wonder how much would the crypto market would drop and how long would it stay at the bear season.

[Zanab247]

Bitcoin is different from other cryptocurrencies in terms of recovery, I guess soon bitcoin price will increase to $60k for bitcoin users to smile again because many are not smiling the way market is changing negatively. Anyhow somehow Market will soon change positively for bitcoin users to make a good profit from their Investment.

[Gamerholic]

Well, in any case, bitcoin won back all the losses of the last days. The question is, how quickly will we get back to the last peak at the level of 60 thousand dollars and above? Whether it will be a fast takeoff or a gradual growth. The news background is still positive, as it seems to me, many large investors bought much higher than the current price level, so I can't believe that they will drop the market deeper at a loss. In addition, after such a deep correction, only serious investors remained, and they already understand how to behave in such a period. Personally, I am calm, I bought a little at the level of 32 thousand, I will wait.

[GeorgeJohn]

The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future.
Although currently the majority of investors still have negative perceptions, there is some data that can prove that Bitcoin is beginning to recover. It should be noted that no one knows the end of this correction, but some of this data can aid to see the end of the correction.

Since it has be enshrined according to op, that data analysis of Bitcoin states that; Bitcoin can be recover within a short time, i think now is the best time to purchase any cryptocurrency  of your choice and store for future investment, and their is nothing like correction since the data base is giving direction or description of recovery, i think everyone will hope for it's recovery. Actually Bitcoin is unpredictable but some people have deserve people by giving the wrong directive via crypto.

[pixie85]

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.https://twitter.com/MatiGreenspan/status/1396403303114813441

Don't depend on this. It only shows the general trend in which bitcoin is at the moment.
During this recent bull run it was showing extreme greed a couple times and the price went up regardless, so the fact that it's showing extreme fear doesn't mean that it can't go lower.

A small recovery is what traders call a relief rally and it doesn't mean a trend reversal. We haven't even hit the price we were at before the big drop which is 42000.

[CryptoCrookz]

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.https://twitter.com/MatiGreenspan/status/1396403303114813441

Don't depend on this. It only shows the general trend in which bitcoin is at the moment.
During this recent bull run it was showing extreme greed a couple times and the price went up regardless, so the fact that it's showing extreme fear doesn't mean that it can't go lower.

A small recovery is what traders call a relief rally and it doesn't mean a trend reversal. We haven't even hit the price we were at before the big drop which is 42000.

This is a good point. On the other hand, who is left as sellers on the market? Long positions were liquidated, panic selling wiped out most of the people who were in a loss. The only credible source of sales pressure would be Chinese miners due to the new regulations. But they are still accumulating more than they are selling.

[finaleshot2016]

FUD has only a short-term impact on the market; whales are simply taking advantage of the massive fud to profit and buy again in the dip while the rest of the market is stuck at the peak, still hodling. This has already happened in crypto in the past years, so I'm not sure why some people are overreacting to the bearish market. For me, this is just a sale because it will result in more profit and financial freedom soon. Some people will not stay in crypto because they have already been lost and liquidated, but there will be many more to come and the recovery will begin quickly, as we know that many well-known people are hyping cryptocurrency right now.

[adzino]

The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future.
Although currently the majority of investors still have negative perceptions, there is some data that can prove that Bitcoin is beginning to recover. It should be noted that no one knows the end of this correction, but some of this data can aid to see the end of the correction.

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.
-snip-
2. Stock to Flow Model
-snip-

3. The Number of Stablecoins on the Exchange Increases
-snip-
Source: https://medium.com/snapbots-news/snapbots-news-review-good-sign-for-the-crypto-market-bitcoin-starting-to-recover-a5a143c94482

1. Yeah, the fear and greed index is a perfect indication of what might happen to the market soon. As the the price starts to increase, greed increases. More people may want to take profit. People starts to fear more and thus ends up dumping their coins. When price drop, fear drops and more people wants to invest to take full advantage of making profit.

2. First time I am hearing about this. How does this work? How did they predict the lowest is going to be $30,000?

3. How does this exactly indicates that the price is going to recover? Through exchange pairs?

[taufik123]

FUD has only a short-term impact on the market; whales are simply taking advantage of the massive fud to profit and buy again in the dip while the rest of the market is stuck at the peak, still hodling. This has already happened in crypto in the past years, so I'm not sure why some people are overreacting to the bearish market. For me, this is just a sale because it will result in more profit and financial freedom soon. Some people will not stay in crypto because they have already been lost and liquidated, but there will be many more to come and the recovery will begin quickly, as we know that many well-known people are hyping cryptocurrency right now.

Like China, which made and spread FUD very quickly so that several other parties participated in spreading FUD so that the price of bitcoin would crash even more.
Bearish markets like this are usually matched with technical analysis, which suggests that prices have to go down. The price of bitcoin is still on hold due to some FUD, but after the FUD has subsided and some good news appears, the price of bitcoin will go back up, that's for sure.
follow the whales game then we will be safe, don't fight the direction.

[GreatArkansas]

1. Fear & Greed Index

2. Stock to Flow Model

3. The Number of Stablecoins on the Exchange Increases
(....)

Additional to this is the inflow on Bitcoins to exchanges, it's kinda it's at the peak now (see previous dates).
Once the Bitcoin inflow on exchanges, this could be a good sign for bullishness on Bitcoin.
Bitcoin outflow on exchange = high and Bitcoin inflows on exchanges = low, very good sign we can recover more.

[Tristan Bieber]

It is our expectation that Bitcoin will recover. Due to the recent decline caused by certain statements and bans, in the end Bitcoin will continue to break through its all-time high and we are looking forward to it.