Bitcoin on a recovery mode

[sana54210]

recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

For unknown reasons, bitcoin is still struggling under $50k levels. Probably whales are completely manipulating the going market right now for their own benefits or who knows those institutions might be selling off to catch more lower price levels to enter back in more volume. Yeah, currently bitcoin must be struggling even it is in recovery mode unlike what we have seen in the past.

I'm not ready to agree that the resistance around $50k is still holding on. Because, when people are already experienced  ATH above $64k levels then definitely most traders and investors might have cancelled their profit booking orders around $50k levels still we are facing significant resistance around $50k levels which means some unexpected selling off is going on for undisclosed reasons.

[freedomgo]

recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

For unknown reasons, bitcoin is still struggling under $50k levels. Probably whales are completely manipulating the going market right now for their own benefits or who knows those institutions might be selling off to catch more lower price levels to enter back in more volume. Yeah, currently bitcoin must be struggling even it is in recovery mode unlike what we have seen in the past.

I'm not ready to agree that the resistance around $50k is still holding on. Because, when people are already experienced  ATH above $64k levels then definitely most traders and investors might have cancelled their profit booking orders around $50k levels still we are facing significant resistance around $50k levels which means some unexpected selling off is going on for undisclosed reasons.

If the market will be stagnant at the current price level, I would expect that it will dump in the coming weeks or months, we cannot hold this long because eventually short term investors will sell to move in a moving asset and that would result in a better price of bitcoin where smart investors could buy at the dip. Let's monitor the market closely, as timely actions are necessary for this crucial situation.

[milewilda]

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.

We do have some sell-off now or typical decreases that do really happen on this market.Recovery would always comes after a dump and now we had just some decrease on price on where it did sit out before on 47k+
and now we are in 43k but well these -4k movements isnt something that you would be shocked here on cryptospace.Some people are way too optimistic without even realizing or anticipating that much
that we would reach up certain heights without considering these slumps.It would be surely a bumpy ride on where we should really mind or think about.

[wxa7115]

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.

Right now the price ob bitcoin is trading at 43k but I do not see any reason to get worried about it, this is simply the natural volatility of bitcoin that people that have been here for a long time have come to expect and even like.

After all, if it was not because of that volatility it would be impossible for us to get the results we have gotten over the years, so I suggest that you do not worry about such small movements because if you keep doing so then holding your coins will become way harder and you may end up selling for a bad price.

[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.

Right now the price ob bitcoin is trading at 43k but I do not see any reason to get worried about it, this is simply the natural volatility of bitcoin that people that have been here for a long time have come to expect and even like.

After all, if it was not because of that volatility it would be impossible for us to get the results we have gotten over the years, so I suggest that you do not worry about such small movements because if you keep doing so then holding your coins will become way harder and you may end up selling for a bad price.

If in each market movement you'll worry yourself it can lead you to panic, it's normal if you understand the full concept of crypto trading, with very volatile nature of this market you might see more unexpected downfall before the market will try to bounce back and create another strong run. You need to control yourself or better to choose what particular strategy to use in order to enjoy the benefits that this industry is providing you.

Long-term investors will see the dumped as a good chance to buy more for additional holdings, but those who are into daily tradings, they are more on quick spike and they are willing to lose portions of their money in case things will not run according to their setup plan.

[Scripture]

recovery is slower than I expected. My estimate after experiencing a fairly sharp price decline from $52k to $46k the price of bitcoin could quickly return to the price of $50k, but in fact the price of bitcoin tends to be stable in the price range of $47k - $48k. looks like $50k remains a tough resistance line to break so far.

We are taking the different side of the journey, we are dumping and yes the price recovery is slow than expected and we might enter into another Bear market any time from now. Well, we still have the last quarter of 2021 to recover, hopefully Bitcoin can still above $40k, or even $50k much better.

[STT]

Main markets are set to drop for a few weeks or face uncertain doubts which is quite normal after reaching such heights and extended valuations.   I think this is the main reason why BTC has some negative sentiment to its price action, we had already topped out previously and sold off and the present recovery had seemed quite well until this week and negative news out of China.
  I look at Dollar index for confirmation of currency strength which is usually the other side of the see-saw and its just fine, falling if anything not stronger apart from prior gains which occurred while BTC rose anyway.   Hard to make much sense except to say that Bitcoin will pullback and run through cycles in order to revise its volume, alot of price is speculative back and forth so its to be expected not feared too much imo.

[rahmatrf331]

Main markets are set to drop for a few weeks or face uncertain doubts which is quite normal after reaching such heights and extended valuations.   I think this is the main reason why BTC has some negative sentiment to its price action, we had already topped out previously and sold off and the present recovery had seemed quite well until this week and negative news out of China.
  I look at Dollar index for confirmation of currency strength which is usually the other side of the see-saw and its just fine, falling if anything not stronger apart from prior gains which occurred while BTC rose anyway.   Hard to make much sense except to say that Bitcoin will pullback and run through cycles in order to revise its volume, alot of price is speculative back and forth so its to be expected not feared too much imo.

I see there are two indications of the cause of the current decline in market prices besides negative rumors that hit cryptocurrency, there is another one, namely newcomers from institutional investors who want to make short-term profits by selling assets in large quantities when the market price bullrun occurred yesterday and was followed by the amateurs who panic sell so the market is a little shaken. but I predict it won't be too long because the recovery mode will happen soon.

[mr500]

Today , In the utmost moment price was $42k which was lower than the previous day .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 Wednesday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash . So it is more difficult to say BTC on a recovery mode .

[LUCKMCFLY]

The price of BTC is in a big swing, on September 21 it gave a strong downturn, however cointelegraph analysts suggest that it is a good time to buy in the dip, at the moment it is at $ 43.6k:

If buyers sustain the price above the neckline, it could trap several aggressive bears, resulting in a short squeeze. The BTC/USDT pair could then rally to the 20-day exponential moving average (EMA) ($46,038) where bears may pose a stiff challenge.

Source: https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni

The stage still looks good to enter, although a bearish attack can occur, there are many expectations, because the price some think that it can turn at least $ 50k, in my personal opinion I think that the movement can be given You just have to be patient, I would leave everything in hodl mode, and hope only for the best, whether it is right now or not, I think that the BTC will rise at any time.

[rhodelmabanal]

Today , In the utmost moment price was $42k which was lower than the previous day .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 Wednesday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash . So it is more difficult to say BTC on a recovery mode .

Well Bitcoin has always go up and down and it is happen repeatedly so for me I don't think much about it's price on how it will recover or continue to drop down,I am always gathering some news or new development to be more updated, Some analysts say any short-term volatility in bitcoin price will ultimately be forgotten as the cryptocurrency rises to new all-time highs at the end of 2021. So I think bitcoin will soon recover before this year end.

[Kemarit]

Today , In the utmost moment price was $42k which was lower than the previous day .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 Wednesday afternoon, the bitcoin market has shown some sign of recovery where the price is heading to 47k the highest since the crash . So it is more difficult to say BTC on a recovery mode .

Well Bitcoin has always go up and down and it is happen repeatedly so for me I don't think much about it's price on how it will recover or continue to drop down,I am always gathering some news or new development to be more updated, Some analysts say any short-term volatility in bitcoin price will ultimately be forgotten as the cryptocurrency rises to new all-time highs at the end of 2021. So I think bitcoin will soon recover before this year end.

That's why it's short term, because the effect is not going to last long. Just like what we've seen when the price dip to a level that is alarming, < $43,000. But it seems that a recovery is on the way, I'm seeing the price moving positive to $44,000.

As for the price at the end of the year, 6 digits is still the target, it might look gleam as this point because we are not even half of it. But a super fast rally around November-December might be enough to push the price to $100,000 so let's see.

[justdimin]

Bitcoin has always go up and down and it is happen repeatedly so for me I don't think much about it's price on how it will recover or continue to drop down,I am always gathering some news or new development to be more updated, Some analysts say any short-term volatility in bitcoin price will ultimately be forgotten as the cryptocurrency rises to new all-time highs at the end of 2021. So I think bitcoin will soon recover before this year end.

That's why it's short term, because the effect is not going to last long. Just like what we've seen when the price dip to a level that is alarming, < $43,000. But it seems that a recovery is on the way, I'm seeing the price moving positive to $44,000.

As for the price at the end of the year, 6 digits is still the target, it might look gleam as this point because we are not even half of it. But a super fast rally around November-December might be enough to push the price to $100,000 so let's see.

I do not see it gleam because I do not expect it to gradually happen. You do not see the price increasing 1k per day for 2 months to see 100k+ price, that is not going to happen. If we end up seeing 100k this year, that means that we are going to see 10k+ increase under a day, or maybe two days max, then stay there for a while, another 5k-6k increase in a day, and then for a week a bull run that sees 20k increase and so forth.

If you do not check the price for that period, you will see it at 45k one day and then 2 weeks later you check it and it is 100k. I think it may not happen though, but not because there is no time left, we could be 40k by December 1st and be 100k by 1st of January, that is why it is not late. I think it will not happen because we are not hyped enough, people are not really bullish on crypto at all and that interest is gone.

[Fredomago]

The price of BTC is in a big swing, on September 21 it gave a strong downturn, however cointelegraph analysts suggest that it is a good time to buy in the dip, at the moment it is at $ 43.6k:

If buyers sustain the price above the neckline, it could trap several aggressive bears, resulting in a short squeeze. The BTC/USDT pair could then rally to the 20-day exponential moving average (EMA) ($46,038) where bears may pose a stiff challenge.

Source: https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni

The stage still looks good to enter, although a bearish attack can occur, there are many expectations, because the price some think that it can turn at least $ 50k, in my personal opinion I think that the movement can be given You just have to be patient, I would leave everything in hodl mode, and hope only for the best, whether it is right now or not, I think that the BTC will rise at any time.

So far, we see a good bounce and for most who managed to keep holding and adding when that certain fall take place,
are enjoying this movement.

It's tough to say if you don't have good knowledge about the market, or also the influenced of strategy that you are using allows you
earned from this run, you need to assess and analyze before doing anything.

Buy and ride if you are more on daily trading, while if you are into long term, buy every dip and continue accumulating till it reached
your target selling point.

[Spack17]

Bitcoin's recovery phase is still going on as it seems. In the last 24 hours, I see that the price reached nearly $45k ($44.9k). I wonder if Bitcoin price will manage to break this resistance level. If the price makes it, then maybe we can see it still going forward towards $50k. But it won't be a quick increase to there as it seems for now. We just keep being patient about it.

[STT]

$45,327 is what I've got written down for being a point we need to pass and confirm above in this recent reversal to selling.   We can trend downwards with some highs appearing before we repeat another sell, trading above that price would convince me otherwise.



45.5k is about the weekly average, again I do prefer to see us trade above that measure regularly for me to assume we are in a positive trending market rather then just a bounce after a sell.   Also so far it would appear the volume on the negative days was greater then this latest positive movement, suggesting we must repeat and revise prices to consolidate action and move properly upwards (or test lower prices again).

[mumang siat]

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.

This happened because of the current correction in the market, but I believe this is only a temporary correction, even now the recovery for bitcoin and other coins is quite good, compared to previous years, it's a sign this year every time it happens the correction is only temporary, even though this is not a serious threat to crypto, but rather the usual correction that often occurs in the market, for that we don't need to panic and worry too much, because in fact we often encounter cryptocurrencies.

[LUCKMCFLY]

The price of BTC is in a big swing, on September 21 it gave a strong downturn, however cointelegraph analysts suggest that it is a good time to buy in the dip, at the moment it is at $ 43.6k:

If buyers sustain the price above the neckline, it could trap several aggressive bears, resulting in a short squeeze. The BTC/USDT pair could then rally to the 20-day exponential moving average (EMA) ($46,038) where bears may pose a stiff challenge.

Source: https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni

The stage still looks good to enter, although a bearish attack can occur, there are many expectations, because the price some think that it can turn at least $ 50k, in my personal opinion I think that the movement can be given You just have to be patient, I would leave everything in hodl mode, and hope only for the best, whether it is right now or not, I think that the BTC will rise at any time.

So far, we see a good bounce and for most who managed to keep holding and adding when that certain fall take place,
are enjoying this movement.

It's tough to say if you don't have good knowledge about the market, or also the influenced of strategy that you are using allows you
earned from this run, you need to assess and analyze before doing anything.

Buy and ride if you are more on daily trading, while if you are into long term, buy every dip and continue accumulating till it reached
your target selling point.

I agree with you, the truth is that this type of analysis shown in Cointelegraph is focused on the short term, at any moment it changes, from what I have realized when reading so many short-term technical analysis articles, is that the BTC in these Moements is with a trading level between $ 42k to $ 45k, I think that when the bulls start to push the price up eliminating the offer we will be back at the psychological price level of $ 50k, this will trigger events that for me is difficult to predict .

[wxa7115]

Bitcoin's recovery phase is still going on as it seems. In the last 24 hours, I see that the price reached nearly $45k ($44.9k). I wonder if Bitcoin price will manage to break this resistance level. If the price makes it, then maybe we can see it still going forward towards $50k. But it won't be a quick increase to there as it seems for now. We just keep being patient about it.

Right now the price is at 41k, its seems there is a slow but negative trend in the market right now in which we are making lower highs, now this is problematic as a lot of members of the forum were expecting for the price to show signs of a recovery already.

This means that it is important to rethink our short term goals, I was expecting for the bull market to come by the end of the year and I was expecting this to happen in October or November at the latest, however the market is moving so slowly that there is the possibility we could not see this until December or the first quarter of the next year.

[BuNga_cute]

Bitcoin's recovery phase is still going on as it seems. In the last 24 hours, I see that the price reached nearly $45k ($44.9k). I wonder if Bitcoin price will manage to break this resistance level. If the price makes it, then maybe we can see it still going forward towards $50k. But it won't be a quick increase to there as it seems for now. We just keep being patient about it.

Right now the price is at 41k, its seems there is a slow but negative trend in the market right now in which we are making lower highs, now this is problematic as a lot of members of the forum were expecting for the price to show signs of a recovery already.

This means that it is important to rethink our short term goals, I was expecting for the bull market to come by the end of the year and I was expecting this to happen in October or November at the latest, however the market is moving so slowly that there is the possibility we could not see this until December or the first quarter of the next year.

It's sad that the price of Bitcoin fell again to the price of $41k, it looks like Bitcoin is still struggling to get back above the $45k price. I and most of
the members here certainly expect Bitcoin to recover soon, but the reality has not happened in the near future. There's not much we can do in
a situation like now, maybe we can just be patient and just hold on to the Bitcoins we have. Then hope Bitcoin doesn't stay in the current situation
for long,  but I'm still optimistic that Bitcoin can at least return to the ATH price by the end of this year. Hopefully in the near future there will be
good news about Bitcoin, so it can push the Bitcoin price back up.