Is Bitcoin rebounding?

[yohananaomi]

We are officially in the Bear market and I do not expect a lot from Bitcoin at the moment. Considering last year at this time when Bitcoin was just above 9k we are well placed this year. The market will trend sideways and I think it will remain the same till September this year. Historically November is the month when Bitcoin starts pumping.

bitcoin is currently actually in a comfortable and stable situation with the price it has so far, let it be stable until it's time to be able to increase again and I believe that the period of increase is still there. it must be remembered that the halving effect at the end of 2021 has not been seen at all. what has been presented so far is only bad news that makes corrections too deep.

There's a lot of good news circulating and it's just a matter of time before bitcoin can move again. hopefully the development of good news will continue to grow so that it will strengthen investors to do things that encourage bitcoin to actually increase.

[dedinho]

Currently no.
But if BTC survire 30k level with good volume, yes then is possible to rebound back

[Cryptoshops]

I don't think Bitcoin volatility is natural at all,  Its one of the most volatile assets to trade  with its huge  up and down swings just like any other crypto  it is pumped and dumped and I picked  Dogecoin because it is currently ranked no 6 on CoinGecko

Being volatile is not the same as being pump and dump. A pump and dump coin is one that has no reason whatsoever to go up and then the drop of it is guaranteed. Take any altcoin price over the years, for example a coin that goes from 10 satoshi to 1000 satoshi (aka pumped), it will eventually come down back to 10 satoshi even if it takes a long time because it was initially "pumped".

What bitcoin has is natural rises due to real adoption not someone fake pumping it, that is why its price never comes down in the long run. Last year price was below $10k and now it is $above $30k which is a 3x rise. In short term because the bitcoin market is small and is filled with newbies that never had any entry barrier, the price can make big moves in short term.
Why choose #6? Take #2. It used to be pumped and worth 0.15BTC and now it is struggling to keep 0.05BTC even though they pumped it hard in May to only reach 0.08BTC.

Bitcoin like most other coins  is pumped and dumped as well. Think about it ? what use does Bitcoin really have ? apart from trading or buying and selling goods or services.  This is the exact same thing as what Dogecoin is used for, the only difference is that Dogecoin was a meme to start with and it has no limit to the amount of coins which  are minable. ?  Most coins are now pumped and dumped because 99% of people who are in Crypto want to make Fiat money from it. When Bitcoin was first launched it was meant to be decentralized and an alternative  to fiat money. It is now almost only a tradable asset with stupidly high transaction fees compared to even Dogecoin. People use Dogecoin the same as Bitcoin but with cheaper transaction costs.. I also remember Bitcoin being worth nothing when it was launched and like Dogecoin it took years to gain value and it went from $1 in 2011 and jumped to $32 within a few months which is a gain of 3200% In 2013 the price again jumped up from $13 right up to $220. It then jumped up to over $1100 and then fell all the way back down to $300  Its the exact same thing Dogecoin  is doing now. You might not like Dogecoin but it is the same as Bitcoin and is being used like Bitcoin.

[teosanru]

BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.

The only problem is the strength of the market, this clearly looks like an accumulation or distribution phase created by the whales, now the most difficult decision in such times is the type of trade to create. Moreover in these times whales trade against the sentiments of market, for example they would push down the market even when all the signs are indicating a bullish momentum and will push up the market from very bearish scenarios. Best idea in such markets is to stay out of market.

[pixie85]

This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.

40 may look significant to you but it's not. The real important level is 49000. Going back to 40 would only be the beginning and could quickly turn into a dead cat bounce which we still didn't see in this bear market. That is of course if it really is a bear market and not a correction in a bull market.

Going to 50000 and falling back to 30 would be a pretty normal fakeout so don't get your hopes up for a new ATH until we stay above 50 for a few weeks.

[lepbagong]

This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.

bitcoin seems to be happier at the price that has occurred in the last few months, feels comfortable and very stable in the $30K-$40K range only and if it goes up past $40K it will go down again, as well as if it goes down $30K it will come back again. hopefully this can continue well before waiting for the momentum to increase.

40 may look significant to you but it's not. The real important level is 49000. Going back to 40 would only be the beginning and could quickly turn into a dead cat bounce which we still didn't see in this bear market. That is of course if it really is a bear market and not a correction in a bull market.

Going to 50000 and falling back to 30 would be a pretty normal fakeout so don't get your hopes up for a new ATH until we stay above 50 for a few weeks.

yes, it could be that what you are saying is something that bitcoin has been waiting for but until now bitcoin has not seen to increase to the crucial figure of $49K, so there is an opportunity to continue to increase again.
but it will happen and it still needs the momentum that bitcoin is waiting for, well now bitcoin is stable at its price which is already quite stable. sure when the increase will occur hopefully it can be fast. but what is certain is that it will happen at the end of the year and that time is still long enough to arrive at the end of the year.

[Amejoaquim]

I think $29k is the lowest price for BTC, lucky for me i still have money to buy more at that momment. I think the chart is keep sideways untill Q3 and will be break a new ATH in the end of Q4 like previous year, but this is just my stupid opinion.

[yohananaomi]

I think $29k is the lowest price for BTC, lucky for me i still have money to buy more at that momment. I think the chart is keep sideways untill Q3 and will be break a new ATH in the end of Q4 like previous year, but this is just my stupid opinion.

I think what you are saying that Q4 which is the end of the year, where bitcoin will increase is something that might happen. because based on past halving effects that it will happen a year after the halving, and at the end of the year which is when the first and second occur in november, december. and this is clearly the same as the prediction you said, we just wait and I believe too. you are really lucky to be able to buy in preparation for the end of the year.

[Ultegra134]

It can be somewhat called rebounding since we are getting back, close to the price from one week ago. But that's all.
Overall it's still sideways and it's rather normal: we have about half of the price from April and about half of the hash rate from April.
And although the good news are piling up (yeah, I know, the "OMG China" FUD is still loud) I don't expect a proper recovery until the hash rate recovers too (probably after the relocation).
Of course, I may very well be wrong too

I wouldn't call anything below $40.000 a  rebound to be honest, the past few months it has been fluctuating between $30-$35.000, its range has been pretty stable. I'm positive that it will recover, but it will take quite a while, the $65.000 mark was achieved due to increased hype, (See Elon Musk etc.) a slow and steady growth is what we're thriving for.

[DOH!]

This is a tough question, we don't see many signs for the market to recover from a bull run as long as the first 2 months of this year. The short show that the psychological passivity is still in doubt. bitcoin is down more than 52% from its ATH price, has many major defenses of support at 30k and 28k previously. But overall it can go down before reversing.

[Lordhermes]

Bitcoin is not currently rebounding, the price have been between $30k to $40k for some time now. Which I think I the right time to invest, if you have want. It current price today is around $31k.
But I believe Bitcoin will definitely rebound before the end of the year, it will probably hit a $100k.

[Ultegra134]

Bitcoin is not currently rebounding, the price have been between $30k to $40k for some time now. Which I think I the right time to invest, if you have want. It current price today is around $31k.
But I believe Bitcoin will definitely rebound before the end of the year, it will probably hit a $100k.

I'll be honest, it is tempting to buy now, and I'll probably regret it if I don't. However, I'm pretty conservative regarding this matter, BTC has stabilized at approximately $35k mark for quite a while. I'm unsure on when it will recover (I believe that it will, but it might not be in the near future), thus I've decided not to buy, due to being in a budget right now and couldn't afford to have a few thousand standing there, in hopes they gain value.

[CryptopreneurBrainboss]

I think $29k is the lowest price for BTC, lucky for me i still have money to buy more at that momment. I think the chart is keep sideways untill Q3 and will be break a new ATH in the end of Q4 like previous year, but this is just my stupid opinion.

Is not a stupid opinion buddy, don't beat yourself up for not having the technicalities others have when prediction that they used the technical analysis and analyzing charts etc. Sometimes just using your imagination you can predict what others weren't able to predict.

For starters, this isn't a rebound (though it's a positive start) as others have highlighted so there won't be a need to go into detail why I think so but comparing to previous weeks I think very soon, we'll begin to come closer to the end of downward trend. Before then though, the support at $29k will be started again and the fate of the market depends on what the outcome of the retest will result.

If the market was to defend that price again then like you said It will continue for months to retest higher supports so it's safe to say probably within the Q3 we'll be seeing positive moment in the market but that didn't means the corrections would stop although I'm very positive, the market will get its full reversal and record new all time high at the fourth quarter of the year.

[Taskford]

Bitcoin is not currently rebounding, the price have been between $30k to $40k for some time now. Which I think I the right time to invest, if you have want. It current price today is around $31k.
But I believe Bitcoin will definitely rebound before the end of the year, it will probably hit a $100k.

I'll be honest, it is tempting to buy now, and I'll probably regret it if I don't. However, I'm pretty conservative regarding this matter, BTC has stabilized at approximately $35k mark for quite a while. I'm unsure on when it will recover (I believe that it will, but it might not be in the near future), thus I've decided not to buy, due to being in a budget right now and couldn't afford to have a few thousand standing there, in hopes they gain value.

I'm also worried about possible bull trap but I also consider the possible recovery so if this stability or the small pumps continue on upcoming days maybe I will think about to enter again. But for now I'm on standby mode since I can't afford to lose thats why I'm always careful on every decision I made on tradings.

[ethereumhunter]

Bitcoin is not currently rebounding, the price have been between $30k to $40k for some time now. Which I think I the right time to invest, if you have want. It current price today is around $31k.
But I believe Bitcoin will definitely rebound before the end of the year, it will probably hit a $100k.

I'll be honest, it is tempting to buy now, and I'll probably regret it if I don't. However, I'm pretty conservative regarding this matter, BTC has stabilized at approximately $35k mark for quite a while. I'm unsure on when it will recover (I believe that it will, but it might not be in the near future), thus I've decided not to buy, due to being in a budget right now and couldn't afford to have a few thousand standing there, in hopes they gain value.

I'm also worried about possible bull trap but I also consider the possible recovery so if this stability or the small pumps continue on upcoming days maybe I will think about to enter again. But for now I'm on standby mode since I can't afford to lose thats why I'm always careful on every decision I made on tradings.

I am following you because it seems the market is not giving us much sign. Hopefully, the situation will change in the next week. But waiting for a while will be a good idea and standby at this moment as we do not have to force ourselves to enter the market. We should analyze deeper to find out more info about the current situation to know where the price will move.

[Kasabus]

Bitcoin is not currently rebounding, the price have been between $30k to $40k for some time now. Which I think I the right time to invest, if you have want. It current price today is around $31k.
But I believe Bitcoin will definitely rebound before the end of the year, it will probably hit a $100k.

I'll be honest, it is tempting to buy now, and I'll probably regret it if I don't. However, I'm pretty conservative regarding this matter, BTC has stabilized at approximately $35k mark for quite a while. I'm unsure on when it will recover (I believe that it will, but it might not be in the near future), thus I've decided not to buy, due to being in a budget right now and couldn't afford to have a few thousand standing there, in hopes they gain value.

I'm also worried about possible bull trap but I also consider the possible recovery so if this stability or the small pumps continue on upcoming days maybe I will think about to enter again. But for now I'm on standby mode since I can't afford to lose thats why I'm always careful on every decision I made on tradings.

I am following you because it seems the market is not giving us much sign. Hopefully, the situation will change in the next week. But waiting for a while will be a good idea and standby at this moment as we do not have to force ourselves to enter the market. We should analyze deeper to find out more info about the current situation to know where the price move.

Bitcoin  is taking a positive step at the moment and if this will continue, probably a price rebound will follow next. But i think it's too early to say that we are heading into another bull run again. Bitcoin price may suddenly fall down again and might end up into another downtrend. So the  best  thing we can do is just relax and wait for another price movement of bitcoin and see where will it settle.

[Karish2return]

Bitcoin continued its volatile streak on Tuesday, starting the day with a tumble below the key $30,000 level and then a rally completely back into positive territory. It briefly turned negative for 2021 at one point Tuesday before recovering

[hitsnorth]

BTC is staying in the floor right now and gonna stay near 30-35k for whole summer i think. Rebound gonna be later. Maybe in the next year.

[Vatimins]

     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.

[Coyster]

I am following you because it seems the market is not giving us much sign. Hopefully, the situation will change in the next week. But waiting for a while will be a good idea and standby at this moment as we do not have to force ourselves to enter the market. We should analyze deeper to find out more info about the current situation to know where the price will move.

Doing your own quality research and buying with funds 'you know you can afford to lose' are two very good strategies for users in the network, but on the other hand, waiting for a time you feel is best isn't something that works all the time, especially in the Bitcoin network, in my opinion if you're a long term investor you don't have to wait too much or take too much time to decide on accumulating more stash, cause basically even if you're to buy and the price starts to shift in the wrong direction or prolly doesn't appreciate in a while, you'd not have to fret, cause in the long run it'll definitely move positively.

Having said that, if you're a short period investor, are you're planning on investing in altcoins and their pump and dump nature, the timing becomes very important and understandable, cause if you buy many of those coins when they just pumped or in their ATH, you may be forced to sell at a loss in the long run.