Is Bitcoin rebounding?

[ethereumhunter]

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.

Hopefully, the rebound will come next week as the price gathers more support to come to the market. If the support can come at the end of this week and can push the price to increase for a little, the chance for the price to increase higher in the next week will also come. But if that does not happen, we might see another correction but hopefully, that will not go down too deep. Yes, besides watching the price, I just relax with my time, but I prepare for anything.

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.

Nah, I am waiting for a good moment to buy bitcoin. I am not buying bitcoin if the price is just down for $500 but I will start buying bitcoin if the price is down for more than $1000. It will be better for me to wait for a while to see where the price will move as I can try to analyze more to find that time. I do not trade bitcoin too often, but I am trying to accumulate more bitcoin, so I need to buy at a low price.

If I want to buy altcoin, I will look at how bitcoin moves so I can get more analysis for the altcoin because the altcoin will drop if the bitcoin price is down. I already bought ethereum and bnb so far at a low price yesterday, and I am still waiting to buy more altcoin, so I do not expect to see those coins get a pump in shortly. I can wait for the next pump, even if that will come in the next 2 months.

[Coin_trader]

     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.

Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.

[dota2bestplayer]

BTC's current chips are highly dispersed. According to the average situation of the past 10 days, the total number of currency holding addresses has been greatly reduced today, the concentration of chips has dropped slightly, and large players may be crazy about shipping.

[BuNga_cute]

     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.

Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.

It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.

[Coin_trader]

     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.

Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.

It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.

Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too. 

[maydna]

Bitcoin is always rebounding day by day, and now, the bitcoin price is down again and make a correction. But in the next few days, the price will rebound again, and who knows, the price will reach the high price and break $35k again. We need to wait for the next week and buy more bitcoin if necessary to do this weekend. But if you only want to wait while you still hold your bitcoin, that will be okay. In the end, bitcoin prices start another rally like before, and in that time, we can expect to make a big profit.

[romero121]

This market trend of bitcoin over the past two months is having the same pattern of growth. I saw a thread in which an user mentioned about the market will not stay above $35000 for ten consecutive days. As the user have mentioned, the same has been repeating. Now once again bitcoin is growing slowly. Hope this time also we'll reach above $35000 and will drop back.

[Kong Hey Pakboy]

If bitcoin can't break the 40k yet, I think it will be safe to assume that bitcoin will probably not rebound anytime soon, maybe a big good news or two will be able to help with the possibility of rebound in bitcoin prices but it's difficult to say so because bitcoin is still struggling right now.

[Hobo66]

Bitcoin’s been on a fabulous run this year. The esteem of each token has more than multiplied since January. Be that as it may, it’s been tumbling ever since April and has presently misplaced generally a third of its advertise cost. That’s a enormous plunge that ought to make speculators ponder whether usually a minor adjustment in an extended bull run or a move within the long-term advertise cycle.

[Sled]

This market trend of bitcoin over the past two months is having the same pattern of growth. I saw a thread in which an user mentioned about the market will not stay above $35000 for ten consecutive days. As the user have mentioned, the same has been repeating. Now once again bitcoin is growing slowly. Hope this time also we'll reach above $35000 and will drop back.

We are very close to that and that seems close to the possibility. But I'd never think that we are able to reach $40k nor to see continuous uptrend motions. We are moving in sideways and that gonna be a strong rise if we reach back at $38k (at least) like last week.
As we can see, short-term recoveries just to happen and that also we have to expect next week. If that going to changes, that much better but I'd rather not expect more.

[Obito]

This market trend of bitcoin over the past two months is having the same pattern of growth. I saw a thread in which an user mentioned about the market will not stay above $35000 for ten consecutive days. As the user have mentioned, the same has been repeating. Now once again bitcoin is growing slowly. Hope this time also we'll reach above $35000 and will drop back.

Why the drop back though? I mean wouldn't it be good that it will break pattern this month and something different happen like bitcoin going up more than 35k USD and then staying there and then continuously growing next month?

[gabbie2010]

This market trend of bitcoin over the past two months is having the same pattern of growth. I saw a thread in which an user mentioned about the market will not stay above $35000 for ten consecutive days. As the user have mentioned, the same has been repeating. Now once again bitcoin is growing slowly. Hope this time also we'll reach above $35000 and will drop back.

Why the drop back though? I mean wouldn't it be good that it will break pattern this month and something different happen like bitcoin going up more than 35k USD and then staying there and then continuously growing next month?

Bitcoin had stayed above $30k despite all the negative tweets by Elon musk and Chinese bans on miners from having fear for the worst that the price might liking  reach $20K.
From my own personal analysis Price had always dump on weekends however today Price Action has a remarkable bullish trend I hope the price momentum is sustained till the resistance at $36K is broken then if the price could rally upward the likely resistance is at $41K this is subject to non availability of negative fundamentals that usually result to a massive dumping of the price

[ven7net]

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.

I believe that BTC is waiting for a flat at the moment. That is, now there is probably a set of positions and when BTC is sufficiently redeemed from the market, then we can expect the BTC price to hike above the current levels. More and more analysts agree that there will be a second phase of BTC growth, and this is likely to happen at the end of 2021. But at the moment, we can still expect a large fluctuation in the price of BTC, which, in principle, also makes it possible to earn money by trading on exchanges.

[rodskee]

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.

I also thought of this when the value breaks the 36,000$ value but again fails to Hit the 40k back. and also there are expectation that we really hit the Bear market and this some increase are just a play from whales .
though institutional investors are still holding up and the reason why we are still in the strong 30k level.

This market trend of bitcoin over the past two months is having the same pattern of growth. I saw a thread in which an user mentioned about the market will not stay above $35000 for ten consecutive days. As the user have mentioned, the same has been repeating. Now once again bitcoin is growing slowly. Hope this time also we'll reach above $35000 and will drop back.

Why the drop back though? I mean wouldn't it be good that it will break pattern this month and something different happen like bitcoin going up more than 35k USD and then staying there and then continuously growing next month?

Sad that we are not on that level of breaking even 40k . maybe this is not the quarter to expect it.

[Rebdoomer]

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.

I agree that we are in a Bear market. It's important for investors to know those monthly trends which can help an investor safely enter the market and safely leave the market.

[pawanjain]

Even I had predicted a rebound from $30k to $36k range but we still don't know if the rebound is meant to continue in an upward trend or the market will still continue in the sideways trend.
Bitcoin has been moving in a sideways direction for quite sometime now with a support at $30k and resistance around $40k level.
Until it crosses either of these levels bitcoin will keep moving up and down in between this range.

[Distinctin]

Even I had predicted a rebound from $30k to $36k range but we still don't know if the rebound is meant to continue in an upward trend or the market will still continue in the sideways trend.
Bitcoin has been moving in a sideways direction for quite sometime now with a support at $30k and resistance around $40k level.
Until it crosses either of these levels bitcoin will keep moving up and down in between this range.

I expect a sideways movement all the time, the price moves a few bucks high and it drops again. To see the market skyrocketing again this year is seems to be hopeless ( I hope I was wrong) if there is no positive news to hear.
Because I thought that what happens to El Salvador gives a huge uplift on the prices but somehow, we are still moving slow. Actually, there are no changes I saw and the market remains calm. Maybe, we could say that the hypes are totally over, were wait again for the next run.

[Tahsin Kabir Kollol]

The price of bitcoin has plummeted sharply and is currently trying to regain its momentum through fluctuations. Bitcoin price fluctuations over the past few weeks suggest that the market is still on the sideway. Because the market situation is bipartisan and the upward and downward fear cannot cross the resistance zone. If the price of bitcoin exceeds the upward resistance, it may re-emerge all-time, while if it exceeds the downward trend, it may decrease significantly. So it cannot be said right now that the price of Bitcoin is rebounding.

[Ararbermas]

I agree that we are in a Bear market. It's important for investors to know those monthly trends which can help an investor safely enter the market and safely leave the market.

it's always safe to follow the trend rather than entering without specific information, like for example on this situation, we don't even know where will be the next direction of the growth rate.. So i can say that on this current situation its a good i dea to be patient amd wait for the right time , because indeed market still unpredictable nowadays wherein base on its performance that seems don't have stable support whenever it make a progress.. Just imagine how many times it makes bump up to 36k but unfortunately it always fell back to support which is 30k. So its a sign that we are still in a bear market and it's dangerous to make a steps these days..

[ipanks]

Bitcoin price is hard to break, $40k because we do not see the price can easily increase and still at this price level. Maybe bitcoin will be like this for a while and I guess if bitcoin can rebound, it will not break $37k yet. But everything can happen and hopefully, bitcoin will have the power to lift the price this month.

If there is a good news release, that can change the market situation and help the price increase. Maybe the price will not directly jump to the high price, but that will be the sign for bitcoin to back to the high price.