Bitcoin on a recovery mode

[Wiwo]

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.

[Kittygalore]

And that folks is the reason why a flash crash or a dip in general shouldn't scare you because at the end of the day, there will always be a recovery in prices that's bound to happen.

[BOAEDAN]

bitcoin is in the recovery method, that's how bitcoin goes, sometimes there are roads that go uphill, sometimes there are roads that go down, sometimes there are bends in the road, we hope that when we go down the road we don't need to panic, we have to relax, because in the future we will definitely find a way that uphill, and a straight road, rest assured that after dark there will be light, after red it will definitely come out green..

[cotton ball]

every time there is a problem there will be a way out, that's the reason many people want to adopt bitcoin, and invest in bitcoin, so bitcoin has become popular until now, and is sought after by everyone, there are even countries that have legalized bitcoin, so we all those who are here don't need to panic and never be afraid of other people's negative posts about bitcoin, because butcoins will not forever be in the red zone..

[BIN-BIN]

When the price of Bitcoin jumped to $52,000, I expected it to drop during the weekend but when bitcoin hold its resistance at that price till Monday know the crash and price correction was going to hit the market within Tuesday or Wednesday, but as of Thursday and Friday the market will recover a little the price may be between $48k to $49k before the weekend market happens again.

[GreatArkansas]

Chart by CryptoQuant

if you take a look at a chart, it shows the previous huge dumps. Just like what happened a few days ago, we still weren't able to reach a 50% recovery from the total percentage of the dump.
Most of these kinds of dumps on previous, it follows more dump before the price will recover. For me, what I can say is "recover" is when Bitcoin is able to get back above $50,000. But for now and coming days, it seems impossible.

But still, this is not 100% accurate, this is just based on previous price dumps of Bitcoin.

[Anonylz]

There is no need keeping tabs in every btc drops because the market always finds a way to recover, the dip was sudden and took most people unawares but good thing the market is gradually coming back, most of my alts drop by 10% - 15% as well, glad to see them back green.

[marilynmanson21]

very shocking hit this week , the 10% decline in bitcoin impacted all coins , but the bitcoin recovery is very good the price has returned to 45k $ now , and I'm sure in the next 2 weeks bitcoin will reach 54k $ again
and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again

[Raflesia]

In response to this, we really have to look at previous history that has happened exactly like this, sometimes we think negatively about yesterday's dump but I see that there is still a chance for recovery and this is stuck at $46k as the base price of the dump and the rest does not exceed the $45k mark and below so it is likely that the recovery will return to its starting point as soon as possible.

We still have time to see at the end of this year whether bitcoin can redeem ATH or not clearly this is still a thought in my mind what happens next? while my mind remains optimistic on the stand about the rise of bitcoin is bound to happen.
So for now it is better to buy the Dip.

[Twinscoin2017]

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 expected the price drop, because of the 200 btc purchased by El Salvador, the 200 btc is being dump by the seller so it has a big effect on the price, but I believe that the dropping of price will not take long it will surely recover, because after the huge drop another news is being stablish a bullish news from the Ukraine because Ukraine now legalize Bitcoin let us all wait and see the effect of this news.

[huu78]

What happens is a correction. Without correction there will be no recent achievements. At time like this those who have prepared will start buying back, seeing the new Ath not yet obtained and hoping that after the correction the new Ath will be seen. When we see the new Ath there will be regrets not buying it this time.

[Johnyz]

What happens is a correction. Without correction there will be no recent achievements. At time like this those who have prepared will start buying back, seeing the new Ath not yet obtained and hoping that after the correction the new Ath will be seen. When we see the new Ath there will be regrets not buying it this time.

I don’t think its a correction because correction can’t happen in just one day, so for me that’s a big sell off by the whales and now we are stabilizing again, hoping that whales wont take profit again. The price of Bitcoin continues to rise though, that could be a positive sign for all of us. Just buy the good project now, hopefully we end this year with a great price.

[arwin100]

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 is somehow expected to be happen since eventhough there's a upsetting dump happened the recovery phase always happen since whales or even low cap traders are starting to buy back at the dev or close to support level that's why we are seeing back bitcoin slowly pumping up and what good thing in bitcoin we should need to afraid on the dumps since a huge chances for it to bounce up again is huge since this is more adopted and most used coin on crypto.

[Boov]

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 actually happens everytime there's a huge pump, but the crash that occured lately was giving us the opportunity to thrive for another gains. Let's observe one to two weeks later if this current recovery will continue to ponder, because when we fail to have $50k back again I guess price will stay at $47k.

[Oilacris]

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.

Something normal and not really that a serious thing to look upon. 10% is just a normal swing here on this market and if you are just new then better get used to it because you would see swings which is more wild than
the recent one.

Recovery is something in default knowing that Bitcoin could always recover after a certain decline of its price.When we do talk about crash then this is something in between 15-20% on the worst

but talking about 10% decrease on a day is just a normal day here on crypto specially with bitcoin.Instead of panicking, its better that you should see this as an opportunity.

[philipma1957]

very shocking hit this week , the 10% decline in bitcoin impacted all coins , but the bitcoin recovery is very good the price has returned to 45k $ now , and I'm sure in the next 2 weeks bitcoin will reach 54k $ again
and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again

algorand did okay.

[crzy]

very shocking hit this week , the 10% decline in bitcoin impacted all coins , but the bitcoin recovery is very good the price has returned to 45k $ now , and I'm sure in the next 2 weeks bitcoin will reach 54k $ again
and here I believe that investing in bitcoin doesn't have to panic if there is a decline it will definitely go up again

Panic to take profit its fine and then buy again at a cheaper price, this could be more profitable if you do it right. The price drop is indeed unexpectedly, but we can’t do anything about it anymore just focus and buy good projects  because this can be the last opportunity to buy at a discounted price.

[cryptomaniac_xxx]

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.

It fall on the support level of $43k, that's why we have a good recovery after, but I speculated that if it fall further, we might see another huge dump, luckily, it didn't so we are in the road to recovery now.

As others mentioned, this is how the market moves, will not go parabolic obviously, as there will be humps along the way, nevertheless, the end goal is what important here, bitcoin might reach all new all time high at the end of the year.

[Bollexz1]

With all the positivity news flying across, news like the one of El salvador, Ukraine, Cuba etc.. I think bitcoin is rebounding soonest and I wouldn't agree it has dip a little as it still maintain the stability.

[Yaunfitda]

With all the positivity news flying across, news like the one of El salvador, Ukraine, Cuba etc.. I think bitcoin is rebounding soonest and I wouldn't agree it has dip a little as it still maintain the stability.

Let's see, specially about the Ukraine news which is recent. I agree that bitcoin is rebounding quickly and there's no more bloodshed, or at least it has stop and settled down. But for newbies, they might feel nervous and panic seeing the price sliding very quick.

So let's wait, for sure we are looking at the price rebounding again to $50k or even more. Others said that September tends to be a not good month for bitcoin, but crossing fingers, we wanted to see hit at least $50k at the end of the month.