Bitcoin on a recovery mode

[cryptomaniac_xxx]

After having seen an ATH at $ 66k we have a strong correction for now, at least the price is above $ 60k, according to the short-term technical data from cointelegraph indicates that there may be a good rally and a quick recovery:

The bullish momentum could pick up further if the BTC/USDT pair closes above $67,000.

That could open the doors for a possible rally to $75,000 and later to the target objective at $85,756.75.

Source: https://cointelegraph.com/news/price-analysis-10-25-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

For now the price is hovering around $ 62k, not bad, and its trading volume is considerable, a bullish movement is more likely than bearish when looking at the volume.

It's going to be weekends already, so I expect a slow movement up to the end of the month.

But we are all good if we close above $62k, not that bad as last month we are having a difficult time to break $50k'ish, so that a good move for us and a big stride to go close this month above $60k'ish.

Yes, we are still in the bullish movement, just another setback or correction after hitting a new all time high. November is coming, which is another bullish month so I expect the price to go close to 6 digits then.

[Fredomago]

Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Thursday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash.

I think bitcoin is back in fashion to continue rallying again to hit its price target to an all-time high of $80,000 and will continue later this year to early next year. Even the improvement in the price chart over the last few days indicates that the bitcoin price continues to move above the rising resistance line. Therefore, as long as it occurs, the short-term trend remains bullish.

Strong hands make the market to returned to $60K level good enough to attract investors and avoid complete dump from the market, short corrections that help every investor who understands and believe that the bull will continue to spread up. This kind of mentality keeps the market to stay positive.

It's really tough when seeing that the value starts to fall and pressures from weak hands add up to push for more downfall. You needed to have a good background in this market in order to stay positive and hold your asset.

Else you will see yourself following those dumpers and you will regret your action after seeing bounced back to take place.

[fullhdpixel]

Strong hands make the market to returned to $60K level good enough to attract investors and avoid complete dump from the market, short corrections that help every investor who understands and believe that the bull will continue to spread up. This kind of mentality keeps the market to stay positive.

Short corrections are just common fluctuations for any market and in bitcoin market even in stronger bullish times, we do get smaller bearish trends time to time which must be happening due to profit booking or expiry of derivative markets. But, when market quickly recovering to previous peak levels then I guess we do not need to worry about any possible change of direction.

You needed to have a good background in this market in order to stay positive and hold your asset.

Even without any background, people manage to handle bear markets as they are long term holders like they are holding since 2012. Staying positive will be easier only when your entry prices were too far away from current market prices. If you refer these as background, then I guess you are absolutely right about that.

[Yamifoud]

The condition of bitcoin is nothing to worry about actually, negative movements are a game played in the market, so investors can review the extent of the movement, price, stability of bitcoin, otherwise where could bitcoin be corrected, if they don't do it, conditions like this they take advantage of buy as many bitcoins as possible cheaply, so that at some point they will raise them back up for sale.

In this volatile market, we have nothing to expect but a sort of market fluctuations, dumps, and recovery. Worries are just for those who are new and those who don't understand cryptocurrency. But for us who have been on this platform for many years, that is just normal and we live comfortably.
That is why this is really hard for a fainted heart, crypto is obviously for the risk-takers and those who are willing to wait. Patience is very important and we can't deny that many people don't have this as they want instant.

[Oilacris]

The condition of bitcoin is nothing to worry about actually, negative movements are a game played in the market, so investors can review the extent of the movement, price, stability of bitcoin, otherwise where could bitcoin be corrected, if they don't do it, conditions like this they take advantage of buy as many bitcoins as possible cheaply, so that at some point they will raise them back up for sale.

In this volatile market, we have nothing to expect but a sort of market fluctuations, dumps, and recovery. Worries are just for those who are new and those who don't understand cryptocurrency. But for us who have been on this platform for many years, that is just normal and we live comfortably.
That is why this is really hard for a fainted heart, crypto is obviously for the risk-takers and those who are willing to wait. Patience is very important and we can't deny that many people don't have this as they want instant.

This wont be called a market if we cant see moving prices because we cant really just see that it would really be having one path to take which is increasing.Of course there would be fluctuations and this is on where we do make out profits or money.

Dumps and recovery is already been a typical movement of the price because this market is composed of sellers and buyers which basically
the main factors on why we are moving like this.

If this market isnt really that volatile then for sure it wont really be that much interesting for investors or traders.

[LUCKMCFLY]

After having seen an ATH at $ 66k we have a strong correction for now, at least the price is above $ 60k, according to the short-term technical data from cointelegraph indicates that there may be a good rally and a quick recovery:

The bullish momentum could pick up further if the BTC/USDT pair closes above $67,000.

That could open the doors for a possible rally to $75,000 and later to the target objective at $85,756.75.

Source: https://cointelegraph.com/news/price-analysis-10-25-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

For now the price is hovering around $ 62k, not bad, and its trading volume is considerable, a bullish movement is more likely than bearish when looking at the volume.

It's going to be weekends already, so I expect a slow movement up to the end of the month.

But we are all good if we close above $62k, not that bad as last month we are having a difficult time to break $50k'ish, so that a good move for us and a big stride to go close this month above $60k'ish.

Yes, we are still in the bullish movement, just another setback or correction after hitting a new all time high. November is coming, which is another bullish month so I expect the price to go close to 6 digits then.

We are very close to those 6 digits, it is just waiting for the market to give the bullish surprise, that it is not ruled out that a bearish movement also occurs, everything is in the possibilities, but according to many sources, both from S2F, some analysts and investors On Wall Street, BTC is expected even above $ 150k, which is a very good indication, this November the good movement may occur, although hope is mounted for December.

[STT]

I think its long past recovered, July was the turning point in that regard.   Now its just a case of defeating the highest prices and resistance or negative pattern.   I believe the higher we go the more energy is required to raise the price, we will have big gains in future but to raise the lid on this whole area is not an easy thing to do.



We're hovering about what looks something of a declining trend and need to confirm this area as the lowest prices possible over a week perhaps.   We are sideways along the weekly and 2 day average price, momentum is minimal at present.

[LUCKMCFLY]

The price of BTC for now the cointelegraph analysts are putting it in a bearish channel in the short term, of course after having been at $ 66k and now by the $ 60k levels it is considerable what has fallen but still is a great level Price:

A break and close above the resistance line will complete the bullish flag setup. The BTC/USDT pair could then rally to the all-time high at $67,000. This level is likely to act as a major roadblock but if bulls can overcome it, the pair could start its journey toward the target objective at $89,476.12.

Source: https://cointelegraph.com/news/price-analysis-11-1-btc-eth-bnb-ada-sol-xrp-dot-shib-doge-luna

For now, analysts are very optimistic about the price so that it can reach $ 89k, at the moment it is not unreasonable to buy BTC as long as a Stop Loss is placed properly.

[btc_angela]

After having seen an ATH at $ 66k we have a strong correction for now, at least the price is above $ 60k, according to the short-term technical data from cointelegraph indicates that there may be a good rally and a quick recovery:

The bullish momentum could pick up further if the BTC/USDT pair closes above $67,000.

That could open the doors for a possible rally to $75,000 and later to the target objective at $85,756.75.

Source: https://cointelegraph.com/news/price-analysis-10-25-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

For now the price is hovering around $ 62k, not bad, and its trading volume is considerable, a bullish movement is more likely than bearish when looking at the volume.

It's going to be weekends already, so I expect a slow movement up to the end of the month.

But we are all good if we close above $62k, not that bad as last month we are having a difficult time to break $50k'ish, so that a good move for us and a big stride to go close this month above $60k'ish.

Yes, we are still in the bullish movement, just another setback or correction after hitting a new all time high. November is coming, which is another bullish month so I expect the price to go close to 6 digits then.

We are very close to those 6 digits, it is just waiting for the market to give the bullish surprise, that it is not ruled out that a bearish movement also occurs, everything is in the possibilities, but according to many sources, both from S2F, some analysts and investors On Wall Street, BTC is expected even above $ 150k, which is a very good indication, this November the good movement may occur, although hope is mounted for December.

Yep, still two folds, but I would be biased and says that we are still in the bullish trend despite a correction had happen after reaching a new all time high.

And the price is still not that bad, maybe tomorrow we will hit $62k, and that is close to the previous high of $63k, so it might become a support for now if we climb to that price this week. We might just need another catalyst to push the price to at least $80k this month.

[Rimueng]

Following the sharp sell-off on Tuesday where the bitcoin price drops with a 10% negative movement which sees the price of Bitcoin from above 52,000 to 46,000, which is a 10% sharp dropped, the entire crypto market has suffered from the crash in price. But as of Thursday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash.

I think bitcoin has been showing a recovery mode till now after having a sharp decline after China spread a lot of FUD news during last september. The price of bitcoin is experiencing a sharp rise today where the price has touched the level of $66k which is the new ATH. This year bitcoin has reached 2x ATH

Bitcoin price will recovery again. The situation in the entire cryptocurrency market is still very positive even despite the negative news from China. Bitcoin is already too powerful a financial tool for one country, even as big as China, to manipulate it. I am sure we will see at least one more ATH this year.

I agree with you. Bitcoin and altcoin price movements in the crypto market have continued to experience significant increases in the last few days. It is therefore possible that bitcoin will hit a new ATH again at least at the $70k price level later this year.

[LUCKMCFLY]

After having seen an ATH at $ 66k we have a strong correction for now, at least the price is above $ 60k, according to the short-term technical data from cointelegraph indicates that there may be a good rally and a quick recovery:

The bullish momentum could pick up further if the BTC/USDT pair closes above $67,000.

That could open the doors for a possible rally to $75,000 and later to the target objective at $85,756.75.

Source: https://cointelegraph.com/news/price-analysis-10-25-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

For now the price is hovering around $ 62k, not bad, and its trading volume is considerable, a bullish movement is more likely than bearish when looking at the volume.

It's going to be weekends already, so I expect a slow movement up to the end of the month.

But we are all good if we close above $62k, not that bad as last month we are having a difficult time to break $50k'ish, so that a good move for us and a big stride to go close this month above $60k'ish.

Yes, we are still in the bullish movement, just another setback or correction after hitting a new all time high. November is coming, which is another bullish month so I expect the price to go close to 6 digits then.

We are very close to those 6 digits, it is just waiting for the market to give the bullish surprise, that it is not ruled out that a bearish movement also occurs, everything is in the possibilities, but according to many sources, both from S2F, some analysts and investors On Wall Street, BTC is expected even above $ 150k, which is a very good indication, this November the good movement may occur, although hope is mounted for December.

Yep, still two folds, but I would be biased and says that we are still in the bullish trend despite a correction had happen after reaching a new all time high.

And the price is still not that bad, maybe tomorrow we will hit $62k, and that is close to the previous high of $63k, so it might become a support for now if we climb to that price this week. We might just need another catalyst to push the price to at least $80k this month.

The truth is a great opportunity for those who are in BTC Hodl mode, however the price of BTC has been somewhat lateral, as it is between $ 61k- $ 62k and the trading volume is still waiting for something, I don't know what to think, if the bulls are waiting for a special date for some movement or if they are waiting for the bears to start their attack, while the price is at $ 61k I think a large liquidity pool is forming, which is not bad, because if they make a bearish attack that pool will be able to slow down the magnitude of the attack a bit, if this happens, it may give way, but it will not fall as strongly, but if the costs continue to go well, the price of BTC could be around $ 8 '- $ 85k just like you say.

[justdimin]

The truth is a great opportunity for those who are in BTC Hodl mode, however the price of BTC has been somewhat lateral, as it is between $ 61k- $ 62k and the trading volume is still waiting for something, I don't know what to think, if the bulls are waiting for a special date for some movement or if they are waiting for the bears to start their attack, while the price is at $ 61k I think a large liquidity pool is forming, which is not bad, because if they make a bearish attack that pool will be able to slow down the magnitude of the attack a bit, if this happens, it may give way, but it will not fall as strongly, but if the costs continue to go well, the price of BTC could be around $ 8 '- $ 85k just like you say.

Lateral? I mean it is already 65k right now and over that 61-62 range that you are talking about. Plus I get that "for a while" it has been like this and I get that. However reality is that we are talking about a full month or two that managed to get more than 2x return. How many things in the world gave people 2x profit in 2 months? I am sure there must have been a few things but I am pretty sure not a lot. So, it is not really lateral if you look at the grand scheme of things.

I get that when the price is between 60k and 70k and doesn't drop down but doesn't go up between those numbers for even just one month, people start to assume it is a lateral movement. However that is quite normal for most other stuff in the world, I can't say that it is lateral for most stocks for example, so we should not be expecting crypto to be volatile every single day neither.