Bitcoin starting to recover

[kotajikikox]

closing to 40k again now it looks like there is a recovery coming sooner , recovery means for me is at least 50,000$ is the recovery line to accept at it is recovered .

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.

and because the bull is still not finish mate, there was an attempt to bring the market down again but they are failed.

Now the market is coming to greenish and the bloodbath seems to be over now.

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[aoluain]

We are still in a bull market with dips, corrections and surges involved.

In the image below there is a comparison made between 2013 and 2021.
In 2013 there was a substantial correction similar to what we had over the
last few weeks, but we are recovering.

Roaul Pal has this on his Twitter feed from a few days ago

https://twitter.com/RaoulGMI/status/1396526484152541189?s=19

[zanezane]

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.

Well, our expectation is proven because the charts of the bitcoin market for the decade already proved that the prices can only go up despite experiencing devastating crashes. The only thing that we can do besides looking forward to bitcoin going up is accumulate more so we can profit a lot of money out of it.

[Yamifoud]

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.

Well, our expectation is proven because the charts of the bitcoin market for the decade already proved that the prices can only go up despite experiencing devastating crashes. The only thing that we can do besides looking forward to bitcoin going up is accumulate more so we can profit a lot of money out of it.

It is literally the market that will recover. People we definitely have to think about recovery after the dump and then these people also predicting that the market will dump when it's in the pump. This prediction has nothing new and in no time frame, the market will recover (gentle). 
Do we think that the market is in the recovery stage now? Well, it was obvious that we are moving back high slowly but we can't feel that confidence that this will be the sign in preparation for the next new ATH. Too early, though.

[PeRo]

I expected Bitcoin to go much lower before recovering, this seems a bit early considering how low it went every pump in the past. I don't think this is going to be full recovery even though it is going trough an increase for the past few days, it will probably go lower since it is too early for another pump. Buying at the current price would be a risk, at least in the shorter run, but maybe it would pay off.

[maydna]

We all want to see bitcoin starting to recover, but I am not sure if bitcoin is now recovering because the price is still at $40k-$42k, making the price could get down this week. But hopefully, that will not happen, especially if many supports come to bitcoin and help bitcoin lift the price. But for now, I do not have an expectation of seeing bitcoin will increase more than $45k this month because it seems difficult to lift more than that price. Perhaps, that can happen in the next months, but let see it later.

I hope people can prepare for the next thing because that is a big mystery to us, and only with the preparation we can think about what we must do later.

[iTradeChips]

I would be honest here and I think it is still very early for us to speculate that things are going ok again for Bitcoin. We are still seeing fluctuations in the $36k to $38k region. We surely would be able to see it once it is recovering, I would bet that once it went back to $42k levels then it is a sign that Bitcoin is going back to the top. We just have to continue what we are doing as normal, no panics whatsoever, buy now while it is low. Then we can surely be able to see the prices go up again in a few months.

[Vishnu.Reang]

I expected Bitcoin to go much lower before recovering, this seems a bit early considering how low it went every pump in the past. I don't think this is going to be full recovery even though it is going trough an increase for the past few days, it will probably go lower since it is too early for another pump. Buying at the current price would be a risk, at least in the shorter run, but maybe it would pay off.

How much lower you want Bitcoin to go? It dived to $31,000 from an ATH of $62,000, which represents a dip of 50% in less than a month. Actually it was more than what I was expecting from BTC. And even in 2018 (when we had the most extreme correction), the prices never dipped by so much in such a short duration. And also, since institutional investors were making large scale investments with cryptocurrency, I was of the opinion that the volatility should reduce. But all those calculations and assumptions were proven wrong.

[kryptqnick]

I think it's just a brief positive movement that will be followed by another drop, and then this wave-like downward trend will continue until BTC finds a relative point of stability. The bullish market stayed for a while this time, but a huge correction was bound to happen because something cannot suddenly become much more valuable to people and stay that way without a stimulus like the one Tesla initially provided. I do believe that Bitcoin will recover at some point, but I don't think it'll happen anytime soon. China + Musk + a natural correction were a big hit.

[hd49728]

I think it's just a brief positive movement that will be followed by another drop, and then this wave-like downward trend will continue until BTC finds a relative point of stability. The bullish market stayed for a while this time, but a huge correction was bound to happen because something cannot suddenly become much more valuable to people and stay that way without a stimulus like the one Tesla initially provided. I do believe that Bitcoin will recover at some point, but I don't think it'll happen anytime soon. China + Musk + a natural correction were a big hit.

Corrections were called by many people and they are senior bitcoiners. It is what they waited for so they won't feel fearful when it happened. Fear probably comes from newbies or junior bitcoiners. They have yet really understood the Bitcoin market. They don't understand the bullish cycle of Bitcoin.

Importantly, they don't understand that in bull market, Bitcoin has many serious corrections. In the last bull market, Bitcoin has 8 corrections like that.

[yohananaomi]

I think it's just a brief positive movement that will be followed by another drop, and then this wave-like downward trend will continue until BTC finds a relative point of stability. The bullish market stayed for a while this time, but a huge correction was bound to happen because something cannot suddenly become much more valuable to people and stay that way without a stimulus like the one Tesla initially provided. I do believe that Bitcoin will recover at some point, but I don't think it'll happen anytime soon. China + Musk + a natural correction were a big hit.

bad news through social media has played an active role from @elonmusk to banned bitcoin in China, greatly affecting the stability of bitcoin so that one cannot avoid a very deep correction. this is certainly not very good for crypto development in the future. investors should not add to the chaos of the atmosphere by taking actions that cause further deterioration. because we know something like this if it is not accompanied by investors' anxiety that it will be corrected briefly and it will recover.

Corrections were called by many people and they are senior bitcoiners. It is what they waited for so they won't feel fearful when it happened. Fear probably comes from newbies or junior bitcoiners. They have yet really understood the Bitcoin market. They don't understand the bullish cycle of Bitcoin.

Importantly, they don't understand that in bull market, Bitcoin has many serious corrections. In the last bull market, Bitcoin has 8 corrections like that.

It seems like what you say can actually happen, but indeed with deep correction makes people so restless and anxiety is exacerbated by behavior that should not be done with actions that make people worse off. because this will continue to happen and if you cannot control yourself it will continue to grow for a long time. Of course it is sad if things like this are repeated and there is no improvement, then certain people will be used to do it.

[bitcoin-shine]

At present, the inflow of funds is smaller than the outflow, and the transfer of funds on the chain is negative, and the market outlook may fall. From a technical perspective, there is currently no consensus on the direction of the general trend. It is recommended to wait and see and wait for the market to be clear; for the short-term market, there is no consensus, and it is recommended to wait and see for the market to be clear.

[Roy Asher]

I agree with the moderator. According to various evidences, Bitcoin will definitely recover. The recent decline in the price of Bitcoin has made many people doubt the development of Bitcoin. Some people say that there is no backing behind Bitcoin, but I want to refute this point here. There is a backing behind Bitcoin, and its backing is the currency attribute of Bitcoin. The first is the value scale of Bitcoin. With its decentralized nature, Bitcoin can be used for transaction payment. This way, Bitcoin is given the function of payment, and the technical support behind Bitcoin is very rare. It is Blockchain technology. Second is the circulation method of Bitcoin. Bitcoin is now out of the category of digital currency. It is not a single number. Most physical stores and websites have gradually begun to use Bitcoin for consumption. Bitcoin was also accepted by everyone, and slowly began to have its own form of circulation. The third is the means of payment. For Bitcoin, its convenience is unquestionable. It is a characteristic of decentralization, and there is no need to conduct transactions through third-party centralized platforms such as banks, let alone during transactions. There is a third party to guarantee the transaction. The fourth is the fourth, which is the storage method of digital currency bitcoin. For Bitcoin, the amount is specific. After continuous mining, the number of mining is gradually increasing, accompanied by the gradual decrease in the number of bitcoins. If bitcoins are stored in the circulation field, they can also be adjusted in circulation. The amount of money. Fifth, as for Bitcoin, its essence is decentralized existence, which is based on blockchain technology and can be used to make payments. For this reason, Bitcoin can be regarded as a universal currency in the world, which can be directly traded at the time of transaction and has no right to control as a government agency. Therefore, Bitcoin is more suitable for global transaction payments.

[KEN L]

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

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Bitcoin is the King. Back to $50k needs more time. BTC recover, Market will recover. Most coin/token will be back also.

[Tina H]

I think the S2F model is credible. Perhaps many people think that the S2F model predicts that the price of Bitcoin is excluded because of coincidence. Because the S2F model does have many shortcomings, for example, it does not take into account the supply and demand of the market, and ignores that changes in market demand will greatly affect the price of Bitcoin. But I think that the S2F model prediction and the Bitcoin price overlap is by no means a coincidence. As we all know, there must be an inevitable hidden behind the accident. I think what those professionals should do now is to adjust and improve the S2F model to make its predictions more credible.

[jellylily]

I think Bitcoin will return to its previous position, or even higher than before. When I bought Bitcoin, I regarded it as a long-term investment financial asset. I did not intend to trade and sell it in the short term. Drop it, because I believe that Bitcoin will not be affected by the market and the policies of certain countries.

[maxreish]

But lets not be too complesant about the bitcoin's recovery. What i mean is that they are definitely more unexpected sideways that gonna happen in the market. But as long as you have a good management plan when trading bitcoin, the situation will be under your control even that recovery market doesnt go well.

Anyway, it is not always the dip. The market tends to balance the momentum by allowing the bull now.

[isaac_clarke22]

~

Now that you made me recall the start of the pandemic, I remember that people were talking about how cryptos are gonna help their lives in making transaction without having physical contact with the other party.
Surely the pandemic was like a welcome mat for some people to start adopting it for obvious reasons.

[shadow123]

I think still not starting of recovering. Some bad news gone everywhere.. So as usual it need some good news related to the crypto side. But I'm pretty sure BTC pass 60k again In this year...

[DigitalFox]

I wouldn't call it a recovery. IMO it'll go to 25-28k mark before stabilizing there.