Cryptocurrency market recover by Christmas?

[Jolankaa]

Is the cryptocurrency market set to stage rebound, perhaps by Christmas? And if so, why could this happen and is now a good time to stick or twist?

I read about it, what do you think?

https://blockster.com/blockdesk/1492_will-the-cryptocurrency-market-recover-by-christmas

[Blitzboy]

It is already recovered. Bitcoin is more than $50000 and Axie Infinity has already 11 times its previous peak ($11). Christmast maybe a good time to see a lot of funds deposited to the cryptocurrency market. Right now I am holding wanaka token. It has already x3 

[Ekyfitri]

even, for now, the market is being heated. we see there is a pump trend for now that bitcoin and some altcoins run. in fact, almost all altcoins are doing well.
there is a high possibility that this rally will continue until the end of the year. and it could be a very long bull rally.

[dhemasm]

what do you think?

I think there will be another some Short buliish rally again, Same with some of years before but we can't really predict what will happens so it's better to safe by splitting it. This year was really good for the crypto market even though we hear some bad news lately but i think this gonna change for sure, Let's see what will happens.

[shinratensei_]

Is the cryptocurrency market set to stage rebound, perhaps by Christmas?

The rebound already happened since a few months ago and it's too late to talk about this right now dude.

And if so, why could this happen and

This could happen caused by bitcoin already attracted more and more institutional investors and retail investors to use it as store of value

is now a good time to stick or twist?

It's a good time to stick or twist but this totally depends on your analysis.

I read about it, what do you think?

The article was non sense. The recovery already started to happen. Why did such an article was discussing about that. The author may not update with the latest development on the crypto.

[haidil]

I don't know for sure how the market will be on Christmas Day, because seeing how the market recovers is quite extraordinary. A possible market breakout is in the next month, or it is possible to continue the Bull market on an ever-increasing scale. We believe Bitcoin can last long enough. As for the condition of altcoins at the end of the year, CMC's top ranking remains something that needs to be targeted as short-term trade.

[iv4n]

Do you really need someone to tell you that outside is a sunny day? You can see it for yourself... It's the same for crypto, take a look at charts and you will see that market is up for yourself!

Maybe OP thinks about the new record? Well, I saw something interesting today:

The Bitcoin Law was passed by the Legislative Assembly of El Salvador on 8 June 2021, giving the cryptocurrency bitcoin the status of legal tender within El Salvador after 7 September 2021
...
In support, there is a r/bitcoin initiative for everyone in the world to also buy $30 in BTC on the 7th. if it gains traction, BTC will pump like crazy and the rest of the crypto market will follow like always.

From a discussion in one telegram group. Now this comes from a guy who is in crypto like forever, and it will be interesting to see what will happen this week, maybe we can see some nice spike on charts!

[MusaMohamed]

Is the cryptocurrency market set to stage rebound, perhaps by Christmas? And if so, why could this happen and is now a good time to stick or twist?

It recovered too much since May and why do you have to wait until Christmas for rally?

Wait until Christmas and you will miss a big bull run, not only recovery.

Plan for now. Loading up your portfolio with good altcoins, not shit coins. In addition, choose good altcoins that did not rise too much

[Dr.Osh]

if we look back 3 years, the price of bitcoin on December 25, to be exact on Christmas
bitcoin price on christmas 2018 was in the range of $ 4100 and dropped to the range of $ 3800
Bitcoin price at Christmas 2019 was in the $7400 range and dropped to the $7200 range.
Bitcoin price on Christmas 2020 is in the range of $ 23000 and rose to the range of $ 24000.

Source: coinmarketcap

however, several years before 2020, the price of bitcoin is likely to fall. however, things are different in 2020, and have shown a slight increase. the end of this year, I think there is a lot of positive news that will make the price of bitcoin rise more than the increase in 2021. well, can't wait to see price developments at the end of this year.

[South Park]

Is the cryptocurrency market set to stage rebound, perhaps by Christmas? And if so, why could this happen and is now a good time to stick or twist?

I read about it, what do you think?

https://blockster.com/blockdesk/1492_will-the-cryptocurrency-market-recover-by-christmas

The market already recovered, a recovery does not need to reach the previous all time high to call it a recovery, however I think it is a given that the market is going to reach a new all time high at the end of the year, the more I think about it the more inevitable it seems to me as the hype is getting higher by the day and once again coins are getting out of the exchanges, which means that any increase in the demand is going to be more than enough to make the price to go up rather quickly.

[isaac_clarke22]

~

Think about it. People taking their profits off for the upcoming holidays. Sant-oshi is coming to town by that time and who knows if people decides to sell all their Bitcoins by the end of the year. This is specifically to Bitcoin though, not sure for other altcoins, but many knows that many altcoins follows Bitcoin's price movement.

If there was more ATH, I can remember during the end of the year it was back in 2017.

[wheelz1200]

Is the cryptocurrency market set to stage rebound, perhaps by Christmas? And if so, why could this happen and is now a good time to stick or twist?

I read about it, what do you think?

https://blockster.com/blockdesk/1492_will-the-cryptocurrency-market-recover-by-christmas

Key is to not think about when, but rather will it.  The answer is yes it will go up..eventually.  so why not just buy in weekly or monthly and not try to hit the complete bottoms for your buys or complete tops for your sells.  More than likely you will miss a great opportunity waiting around.

[Turbolinea]

I don't think that the full recovery will end successfully that much late. Honestly, I think that Bitcoin price will recover to a level over $60k in October in the worst case. There is still a really good rally in the market. Nearly all of the top coins are recovering now. When Bitcoin reaches over $60k, the rest of the market will also recover to their old levels I think. And by Christmas, we might even see the market at a much higher level than we imagine.

[ILuckyGuyI]

Christmas is a really late prediction to me. I don't think that Bitcoin will wait for that much time to recover all the levels it lost after making it to the latest ATH level. I think that we will witness a new ATH in October. And it can end this year with a really surprisingly high level like 100k dollars if we see a bull run. Otherwise, it might get stuck around 60k dollars until the end of the year I guess.

[senyorito123]

I don't think so, market during this time would be too difficult to recover due to spending needs of every individuals. During this time there's a probability that everyone would find themselves go into their comfort zone like buying gift for friends or even loved ones. However, we're still in a pandemic situation or new normal I guess it could have been different compared those times without covid and maybe recovery might go slowly during Christmas time but not totally fast.

[Scripture]

Usually during that season the price is not moving that much even if many are withdrawing to spend for during the holidays, and right now we are doing good $51k is already a sign of recovery, we might see more good up trend if we are able to break above $52k and $55k, I’m still bullish for this year trend.

[crzy]

What is the best price or recovered price for you? Because months ago we are almost down to $30k, and now we are back to $51k, don’t you see this one as a recovered price already?

Anyway, looking at the history of Bitcoin and cryptomarket the price is still the same in some but many are selling their holdings so they can spend their money because it’s holiday and people love to spend much during December.

[AmoreJaz]

What is the best price or recovered price for you? Because months ago we are almost down to $30k, and now we are back to $51k, don’t you see this one as a recovered price already?

Anyway, looking at the history of Bitcoin and cryptomarket the price is still the same in some but many are selling their holdings so they can spend their money because it’s holiday and people love to spend much during December.

maybe he bought his btc at a much higher price, remember when btc hit at about 64k. so high likely there are a lot who bought above 50k or above 55k. and right now, they are about to recover from their buying price. that's why for them this price is not yet recovery price, especially those who bought at 60k range. and it seems crypto market is going bullish again. so i guess, their hopes are getting high again.