Bitcoin starting to recover

[Raflesia]

still no good indication of recovery though it steps back to 30k level in which comes critical when the value drops to 20k level

https://coinmarketcap.com/currencies/bitcoin/

Now it turns back to 36k after that 33k earlier today.

maybe bitcoin will stay this level till end of 3rd quarter?

It's still unstable, I see the current step of bitcoin still wants to make up for the high level of at least 40k to guarantee that this can recover as long as it can be passed, but basically, we will see how the movement will continue to oppose or indeed duck down after reach a multiple digit numbers.
But according to my analysis bitcoin will continue to be monitored at 30k and it won't pass it down if it happens so it's easy to come with lots of other bad news.

[hd49728]

It's still unstable, I see the current step of bitcoin still wants to make up for the high level of at least 40k to guarantee that this can recover as long as it can be passed, but basically, we will see how the movement will continue to oppose or indeed duck down after reach a multiple digit numbers.
But according to my analysis bitcoin will continue to be monitored at 30k and it won't pass it down if it happens so it's easy to come with lots of other bad news.

$40k will be touched soon. It can be a temp stop station for Bitcoin but it won't end around $40k. I believe that Bitcoin in June will have times to reach $47k but price will not fall or rise too much. It is up and down in a sideway time.

$30k to $47k is not a bad recovery of Bitcoin around one month if you took the dip and hodl.

still no good indication of recovery though it steps back to 30k level in which comes critical when the value drops to 20k level

https://coinmarketcap.com/currencies/bitcoin/

Now it turns back to 36k after that 33k earlier today.

maybe bitcoin will stay this level till end of 3rd quarter?

It might dip again to below $40k after the rally but I don't believe Bitcoin will stuck below $40k at the end of third quarter. It would be stucked below $50k in third quarter this year.

[STT]

Its regained some after putting in a higher low but a proper recovery is going to take action on daily bars I think and for that we'll have to wait till Tuesday when all markets are open again.



On this chart its regained 2 day average but also more significant is the weekly average is a serious challenge to downtrend and we can examine if will break the prior range at the bottom prices above 50 week average.

[LUCKMCFLY]

Bitcoin is in great uncertainty, on the one hand there is a control by the bears that can take the price to $ 30k, I think it is very difficult for them to take it below that price, on the other hand if the bulls achieve the goal If the price goes up, I think that in one go it can reach $ 50k even above, this article is very general but gives a good overview of the market:

On the other hand, the setup may act as a reversal pattern if bulls push and sustain the price above the resistance line of the triangle. Such a move will suggest the downtrend is over and the pair could rally to the target objective at $51,951.

Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-matic-eos-xmr-aave

Of course, this whole scenario is very likely to change if there is a significant change in the BTC movement, any analysis can be invalidated, especially if the movement turns out to be bearish.

[worle1bm]

We might see some dips and correction during Q2 until we hit $45k level again which might be possible soon and still btc is struggling to recover because of new types of FUD being spread in the market.First Musk,then China,then Iran shifted the momentum against bitcoin recovery completely.But still the investors are trying to invest now at low price which is boosting the prices again.So now let's wait for actual bull run to hit the market.

[MCobian]

Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.

After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.

$40k is now the big resistance, we have failed many times in the last 3 weeks to overcome it. So it means its going to be hard and grind moving forward as the bears took over the market. Nevertheless, good price so why not buy at this price range?

The market is bleeding continuously, but still we have 6 more months before the end of 2021. A lot of things can happen, specially in the last quarter as historically, it is the strong months for bitcoin to go on another bull run.

Bitcoin has tried several times to get past the $40k resistance price and it still fails. hopefully there is good news about Bitcoin that can help
the price of Bitcoin rise. Because if Bitcoin is allowed to continue to fail to pass the price resistance, Bitcoin could fall again to below $35k.
But I hope that doesn't happen, so we can help by buying more Bitcoin at the current price. So the more people buy Bitcoin, hopefully the Bitcoin
price will pass the $40k resistance. Hopefully this month will be the end of a bloody market, and Bitcoin can continue its bullrun until the end of
the year. Because I also believe the end of the year Bitcoin price can reach new ATH.

[Xinarae*]

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...

We have to wait until the bull run at the market will certainly recover if the crypto market is not stable we will hear the good news of crypto very soon. The amount of investment is increasing due to lower prices which will not take time to correct the market. Along with the price of bitcoin the prices of other currencies are slowly rising.

[LUCKMCFLY]

Apparently the bullish trend of BTC is at the door, throughout the entry, at least the technical indicators are affirming it according to this article, what strikes me the most is that the mass in general is waiting for there to be a fall in BTC massive, even some analysts and investors think that BTC will have another drop:

On the upside, an immediate resistance is near the $36,800 level. The first major resistance is near the $37,000 level. A clear break above the $37,000 zone could set the pace for a fresh high above $37,900. The next major resistance is near the $38,800 level, above which the price could test the $40,000 zone.

Source:https://www.newsbtc.com/analysis/btc/bitcoin-steadies-above-100-sma-36k/

All these data are from BTC taking its recovery and we see a big bullish trend, in fact it is what is most expected, despite all the FUD of Elon Musk started the whole storm of BTC and the market in general.

[kapalmabur]

judging from the chart, indeed the price of Bitcoin looks like it has recovered from $30k to $40k which is a good thing,
because maybe this is a sign that the bull is still strong, yes, although it has decreased by 50% but it is considered normal, yup, a reasonable correction,
but if the price bitcoin plunge again below $30000 will certainly be a concern for traders and holders

[arwin100]

judging from the chart, indeed the price of Bitcoin looks like it has recovered from $30k to $40k which is a good thing,
because maybe this is a sign that the bull is still strong, yes, although it has decreased by 50% but it is considered normal, yup, a reasonable correction,
but if the price bitcoin plunge again below $30000 will certainly be a concern for traders and holders

The confidence of the people are now regaining back and I think the storm has already done so we can expect that we can continue see the bull since so far there's no big fud  rotating on the medias and also people are hyping back again bitcoin so maybe we can see greener picture at the moment.

[Rajamuda]

Although it is not certain, it is more likely that it can rise again (recovery), bitcoin is known to be getting better in various worlds, various financial things and legality is increasingly visible, of course it is something that can increase enthusiasts.

[rahmatrf331]

Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.

After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.

bitcoin is still holding between $36k to $38k, I don't think it's been said that bitcoin has recovered yet. because it's still under $40k, at least bitcoin should be able to crawl to a price above $40k this week.
current conditions are still considered vague and need a strong push to fully recover from the fall for a few weeks.

[MCobian]

Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.

After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.

bitcoin is still holding between $36k to $38k, I don't think it's been said that bitcoin has recovered yet. because it's still under $40k, at least bitcoin should be able to crawl to a price above $40k this week.
current conditions are still considered vague and need a strong push to fully recover from the fall for a few weeks.

There's nothing wrong with assuming Bitcoin hasn't recovered if it hasn't returned to a price above $40k, because everyone has their own opinion.
Indeed, Bitcoin has failed several times to pass the $40k resistance price, this requires good news that can trigger the Bitcoin price. Hopefully this
week there will be a surprise from Bitcoin with the emergence of good news, if there is good news the possibility of Bitcoin rising above $ 40k
could become a reality. While there is no other way, besides we have to be patient waiting for Bitcoin price movements.

[Twinscoin2017]

Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.

After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.

bitcoin is still holding between $36k to $38k, I don't think it's been said that bitcoin has recovered yet. because it's still under $40k, at least bitcoin should be able to crawl to a price above $40k this week.
current conditions are still considered vague and need a strong push to fully recover from the fall for a few weeks.

There's nothing wrong with assuming Bitcoin hasn't recovered if it hasn't returned to a price above $40k, because everyone has their own opinion.
Indeed, Bitcoin has failed several times to pass the $40k resistance price, this requires good news that can trigger the Bitcoin price. Hopefully this
week there will be a surprise from Bitcoin with the emergence of good news, if there is good news the possibility of Bitcoin rising above $ 40k
could become a reality. While there is no other way, besides we have to be patient waiting for Bitcoin price movements.

My prediction is still btc rise up to 100k$ at the end of year 2021, there is a great posibility that bitcoin will have a high price at the end of the year, because bitcoin has a good start this year. The price is still high and start to rise so i think that was positive sign, dropping and pumping is normal so we need not to worry about it we need to trust and have patience for good.

[kotajikikox]

Although it is not certain, it is more likely that it can rise again (recovery), bitcoin is known to be getting better in various worlds, various financial things and legality is increasingly visible, of course it is something that can increase enthusiasts.

But yet Bitcoin is not recovering from the deep fall recently .

Price is still Half way down from what the value in April and now sitting in the lowest level for the last couple of months.

Do you think there are still place for Bitcoin increasing this second quarter? or the value will settle back in the start of 3rd quarter?

[Natalim]

Although it is not certain, it is more likely that it can rise again (recovery), bitcoin is known to be getting better in various worlds, various financial things and legality is increasingly visible, of course it is something that can increase enthusiasts.

But yet Bitcoin is not recovering from the deep fall recently .

Price is still Half way down from what the value in April and now sitting in the lowest level for the last couple of months.

Do you think there are still place for Bitcoin increasing this second quarter? or the value will settle back in the start of 3rd quarter?

We can't say it will recover back to its high price, you see, bitcoin is struggling, hence the entire market is struggling as well. Plus, the current tweet of Elon made the market dump again, and with that, the sentiment is now bearish and I don't see another bull run happening this year like breaking its current ATH.

[rahmatrf331]

Although it is not certain, it is more likely that it can rise again (recovery), bitcoin is known to be getting better in various worlds, various financial things and legality is increasingly visible, of course it is something that can increase enthusiasts.

But yet Bitcoin is not recovering from the deep fall recently .

Price is still Half way down from what the value in April and now sitting in the lowest level for the last couple of months.

Do you think there are still place for Bitcoin increasing this second quarter? or the value will settle back in the start of 3rd quarter?

I see the hope for a quick rise is doubtful, but for the next quarter it could, there is a possibility to rise above $40k. we still have to be committed and don't give up too quickly. BTC will surely grow again with other Altcoins.

[MCobian]

~

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bitcoin is still holding between $36k to $38k, I don't think it's been said that bitcoin has recovered yet. because it's still under $40k, at least bitcoin should be able to crawl to a price above $40k this week.
current conditions are still considered vague and need a strong push to fully recover from the fall for a few weeks.

There's nothing wrong with assuming Bitcoin hasn't recovered if it hasn't returned to a price above $40k, because everyone has their own opinion.
Indeed, Bitcoin has failed several times to pass the $40k resistance price, this requires good news that can trigger the Bitcoin price. Hopefully this
week there will be a surprise from Bitcoin with the emergence of good news, if there is good news the possibility of Bitcoin rising above $ 40k
could become a reality. While there is no other way, besides we have to be patient waiting for Bitcoin price movements.

My prediction is still btc rise up to 100k$ at the end of year 2021, there is a great posibility that bitcoin will have a high price at the end of the year, because bitcoin has a good start this year. The price is still high and start to rise so i think that was positive sign, dropping and pumping is normal so we need not to worry about it we need to trust and have patience for good.

I like optimistic people, rather than we complain a lot about the current situation, it would be better to think positively like you. There is still a chance
for Bitcoin later this year to reach the price of $100k,  because there are still about 6 months left for Bitcoin to recover and be bullish again.
Hopefully this month at least Bitcoin can return to a price above $40k, we really have to believe in Bitcoin, because the price is going down like this,
happened often. So there is nothing to worry about, we will see more surprises that will be given by Bitcoin, so be patient for now.

[Kittygalore]

I think we are still on a good run, compared to the June of last year to this year's June, we are much higher now, I wouldn't say recovering but more of like being active again.

[RealMalatesta]

Price is still Half way down from what the value in April and now sitting in the lowest level for the last couple of months.

Do you think there are still place for Bitcoin increasing this second quarter? or the value will settle back in the start of 3rd quarter?

We can't say it will recover back to its high price, you see, bitcoin is struggling, hence the entire market is struggling as well. Plus, the current tweet of Elon made the market dump again, and with that, the sentiment is now bearish and I don't see another bull run happening this year like breaking its current ATH.

It is not really struggling so much, it is fighting and there is a big difference between the two. Bitcoin does want to go up, the market wants to go up, people wants it to go up, we all work for it to go up right now. What happens? Elon tweets, Biden speaks, something happens and the price drops significantly.

This is why we are fighting and not struggling because in the end it is a war and you know never know who will win a war, even a tiny army with no resources can beat down a whole army with every tech, just ask Vietnam and USA, they will tell you all about it. This is why I think there is really nothing to be scared of, just try to hold your coins as strong as you can and in the end you will be the winner, Elon can drop the price only a certain amount, he can't continue to drop the price forever. We will be the victorious ones in the end.