Bitcoin on a recovery mode

[suzanne5223]

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bitcoin is no longer in recovery mode but has entered support mode, because bitcoin has penetrated the previous price of $ 52k and now bitcoin's movement is very sharp, almost breaking the highest level that ever happened last april, which was $ 62k. so for that we can no longer say that bitcoin is in recovery mode.

First of all, Bitcoin does not recover its bullish momentum because of the positive news on some media outlets and social media but Bitcoin making the last Bullish of the year just like we have seen in the previous Bitcoin halving market. However, the best thing everyone should do now is to make good use of this moment cause good doesn't always last long.

Besides, we don't turn to bearish yet, and so there is no such thing as recovery. It is a sort of price fluctuation, the market moves in sideways and we often see this from time to time. Those who never understand the market will likely think negatively as we observe but those who have trust, still remain optimistic and hold.

That for sure this won't stay long and have this opportunity not to miss again and regrets later. if we wanted to buy more or to sell some, better to do it now before the prices changed.

The price of Bitcoin is volatile, so it's not surprising that the price will move up and down significantly. Therefore I highly recommend taking profit if
there is an opportunity, because we will regret it if we miss the opportunity to make a profit. For now I will take profit if I have made a profit and
will buy again when the price drops. I did this over and over, to collect profit. Although some of the Bitcoins I own I choose to hold in the long term,
I combine short term and long term Bitcoin investments. Because indeed if we understand how Bitcoin works, we will find it easier to make profit
from Bitcoin whatever the situation.

@Vaculin no one can totally understand the market and we can only make predictions footing the old momentum which may or may not happen.

@Wawa2013 I can't recommend taking profit now for others but only advise them because every investor/holder have their own plan just how you plan to hold some of your BTC for long term and the last time it not yet the time for the bullish trend to end. However, people need to do their own research and also make their own decisions cause the market can be unpredictable sometime.

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[rahmatrf331]

Bitcoin already recover it is now 56,238$ and rising. The Bitcoin price drop because of China's banning of cryptocurrency but it is now recovering because of some good news from U.S and other country like El salvador and venezuela, the largest bank of El salvador are now accepting crypto and Venezuela's airport is now accepting btc for flight payments this are some of the bullish news that make btc recover.

The prohibition of cryptocurrencies in China does not seem to have affected the bitcoin market price anymore, because bitcoin has begun to be controlled by the whole world. The country of El Salvador has announced for its people that they can adopt bitcoin both in El Salvador and in America. More and more Bitcoin will be in the interest of new investors.

[leea-1334]

@Wawa2013 I can't recommend taking profit now for others but only advise them because every investor/holder have their own plan just how you plan to hold some of your BTC for long term and the last time it not yet the time for the bullish trend to end. However, people need to do their own research and also make their own decisions cause the market can be unpredictable sometime.

The market can be unpredictable "sometimes"? It can be and will be unpredictable all of the time. In fact that is the one major and most obvious trait of crypto markets,,, which makes it so attractive for newbies and even for us. If people laugh to predict stocks/shares can go 10x in a year, that is a perfectly natural phenomenon in cryptolandia.

DYOR,,, if only newbies and veterans really did that

[rincoeng1986]

This is not unusual. I think it's going through the normal process. We see that Bitcoin price constantly  increased in the last few days. It is a natural process to recover a little bit. There is nothing to worry about it. Today, the price of BTC has dropped 3.7%. At present the price of BTC is now 54 thousand dollar. I think shortly we will see the inspected movement for bitcoin price.

the graph has a lot of green color and returns to the star position. Bitcoin has gone up another 1% and is likely to be back in the green again tonight. really very fast bitcoin recovery mode. there is no harm in investing in bitcoin, now many investors have started to panic buy, so bitcoin will grow quickly.

[LUCKMCFLY]

Bitcoin is bringing new profits for its investors, as it is now more likely to continue rising in the short term, according to this article the market capitalization has been increasing little by little:

"This correction on Bitcoin is nicely comparable to the price action in August," Cointelegraph contributor Michaël van de Poppe commented.

"Just a minimal correction for a few days, after which Bitcoin continues grinding upwards, while altcoins are dropping in their $BTC pair."

Source: https://cointelegraph.com/news/catch-the-bitcoin-dip-btc-price-pares-losses-with-a-fresh-surge-to-57k

The chances of continuing to rise are many, it could be said that this month can give good surprises, so far the price touched $ 57k and is returning, it may continue to rise.

[dezoel]

The drop does make sense considering bitcoin has already increased so much. I understand that it will not be great at all times, and I understand that there will be periods when it is not good at all, but we should not be focusing on that right now, just because it dropped today doesn't mean that it will keep on dropping forever, we should be understanding that there will be increases and decreases and learn to live with both of them.

I personally like the situation we are in right now, many people said they have missed the increased that we had, now that it is lower then you could go and buy some bitcoin for yourself before it starts to go back up again. I understand that it is scary for some people to buy bitcoin when it is down, but that is the most perfect time that you should be buying bitcoin, if you do not buy now then you will be upset when it is higher.

[suzanne5223]

@Wawa2013 I can't recommend taking profit now for others but only advise them because every investor/holder have their own plan just how you plan to hold some of your BTC for long term and the last time it not yet the time for the bullish trend to end. However, people need to do their own research and also make their own decisions cause the market can be unpredictable sometime.

The market can be unpredictable "sometimes"? It can be and will be unpredictable all of the time.

I don't knowhow you get your impression but it is not possible for any market to be unpredictable all the time and major experience crypto traders can testify that they make predictions at some point which the result was 100% accurate while the result will also be contrary at some point this is what makes the crypto market to be unpredictable sometimes.

[leea-1334]

The market can be unpredictable "sometimes"? It can be and will be unpredictable all of the time.

I don't knowhow you get your impression but it is not possible for any market to be unpredictable all the time and major experience crypto traders can testify that they make predictions at some point which the result was 100% accurate while the result will also be contrary at some point this is what makes the crypto market to be unpredictable sometimes.

It is not an impression,,, it is fact. Tell me when the market is predictable. By definition, if the market is predictable, then you know what will happen, and everyone else can also, then nobody will make a loss in those times. And everyone can make profit,,, which simply is not possible as there have to be losers for there to be winners.

100% accuracy, just read what you said and go and find me just 1 reputable trader who says this is true.

[suzanne5223]

The market can be unpredictable "sometimes"? It can be and will be unpredictable all of the time.

I don't knowhow you get your impression but it is not possible for any market to be unpredictable all the time and major experience crypto traders can testify that they make predictions at some point which the result was 100% accurate while the result will also be contrary at some point this is what makes the crypto market to be unpredictable sometimes.

It is not an impression,,, it is fact. Tell me when the market is predictable. By definition, if the market is predictable, then you know what will happen, and everyone else can also, then nobody will make a loss in those times. And everyone can make profit,,, which simply is not possible as there have to be losers for there to be winners.

100% accuracy, just read what you said and go and find me just 1 reputable trader who says this is true.

First, I believe your impression about the market was based on it been volatile in nature but you forget that the market usually replicates some previous price momentum at some point which Bitcoin halving effect is a perfect example.
Second, this is an issue to brag on but if you dive into crypto trading very well you'll know analysis market prediction at some point will give them 100% result. Don't misunderstand what I said.

[leea-1334]

First, I believe your impression about the market was based on it been volatile in nature but you forget that the market usually replicates some previous price momentum at some point which Bitcoin halving effect is a perfect example.
Second, this is an issue to brag on but if you dive into crypto trading very well you'll know analysis market prediction at some point will give them 100% result. Don't misunderstand what I said.

OK we do not need to argue,,, but still 100% means no room for error and trading has no such thing as a guarantee, not even the most stable markets of real estate of precious metals

If "at some point" gives you 100%, then at other points it does not,,, this is not 100%

But let us both enjoy the markets as they are and agree it is very much in the recovery and bull run now.

[Weng simok]

First, I believe your impression about the market was based on it been volatile in nature but you forget that the market usually replicates some previous price momentum at some point which Bitcoin halving effect is a perfect example.
Second, this is an issue to brag on but if you dive into crypto trading very well you'll know analysis market prediction at some point will give them 100% result. Don't misunderstand what I said.

OK we do not need to argue,,, but still 100% means no room for error and trading has no such thing as a guarantee, not even the most stable markets of real estate of precious metals

If "at some point" gives you 100%, then at other points it does not,,, this is not 100%

But let us both enjoy the markets as they are and agree it is very much in the recovery and bull run now.

Seeing from 2020 bitcoin is no longer in recovery mode at this time but has flown very far, when viewed from 2021 bitcoin is currently in recovery mode because bitcoin this year has reached a high of $62,000 and is now still at $57,000.
seeing conditions like that we have different perceptions between recovery mode and support mode.

[suzanne5223]

First, I believe your impression about the market was based on it been volatile in nature but you forget that the market usually replicates some previous price momentum at some point which Bitcoin halving effect is a perfect example.
Second, this is an issue to brag on but if you dive into crypto trading very well you'll know analysis market prediction at some point will give them 100% result. Don't misunderstand what I said.

OK we do not need to argue,,, but still 100% means no room for error and trading has no such thing as a guarantee, not even the most stable markets of real estate of precious metals

If "at some point" gives you 100%, then at other points it does not,,, this is not 100%

But let us both enjoy the markets as they are and agree it is very much in the recovery and bull run now.

Technically is there something on earth that has no room for error but you still seem not to understand my point when said some prediction gives 100% result at some point which means the result was as predicted.
Having said that, if the market continues with the old trend the bear trend can happen anytime and once it starts we should expect blood bath market season.

[leea-1334]

But let us both enjoy the markets as they are and agree it is very much in the recovery and bull run now.

Technically is there something on earth that has no room for error but you still seem not to understand my point when said some prediction gives 100% result at some point which means the result was as predicted.
Having said that, if the market continues with the old trend the bear trend can happen anytime and once it starts we should expect blood bath market season.
[/quote]

Predictions are either right or wrong, there is no percentage (you cannot be 90% right or 50% right). 100% accuracy, as we first discussed or as you first actually mentioned, is also impossible because this means the prediction must predict exact price, exact time, exact volume, exact everything. So again, think about what 100% means,,,

But as I said, please let us not argue because clearly we both understand differently what is the meaning of "100%" 

[Wawa2013]

First of all, Bitcoin does not recover its bullish momentum because of the positive news on some media outlets and social media but Bitcoin making the last Bullish of the year just like we have seen in the previous Bitcoin halving market. However, the best thing everyone should do now is to make good use of this moment cause good doesn't always last long.

Besides, we don't turn to bearish yet, and so there is no such thing as recovery. It is a sort of price fluctuation, the market moves in sideways and we often see this from time to time. Those who never understand the market will likely think negatively as we observe but those who have trust, still remain optimistic and hold.

That for sure this won't stay long and have this opportunity not to miss again and regrets later. if we wanted to buy more or to sell some, better to do it now before the prices changed.

The price of Bitcoin is volatile, so it's not surprising that the price will move up and down significantly. Therefore I highly recommend taking profit if
there is an opportunity, because we will regret it if we miss the opportunity to make a profit. For now I will take profit if I have made a profit and
will buy again when the price drops. I did this over and over, to collect profit. Although some of the Bitcoins I own I choose to hold in the long term,
I combine short term and long term Bitcoin investments. Because indeed if we understand how Bitcoin works, we will find it easier to make profit
from Bitcoin whatever the situation.

@Wawa2013 I can't recommend taking profit now for others but only advise them because every investor/holder have their own plan just how you plan to hold some of your BTC for long term and the last time it not yet the time for the bullish trend to end. However, people need to do their own research and also make their own decisions cause the market can be unpredictable sometime.

If we see Bitcoin's price surprisingly finally managed to rise above $60k right now, this is indeed a sign that the bullish trend is still not over.
There is a possibility that the bullish trend will run until the end of this year as many people predict, if that happens I will be happy. Even though
I sold some of the Bitcoins I had when Bitcoin hit $59k, I still have Bitcoins that I still hold. So I can still feel the profit if the price of Bitcoin
continues to rise, but according to my prediction in the near future there is a possibility Bitcoin will correct first to be able to go higher.
So if there is a correction, I will take advantage of it by buying more Bitcoin.

In the end it is true that everyone should make their own decisions in the current situation, do their own research and analysis to make sure
the decision will be taken. My previous advice to take profit if there is an opportunity is only as advice, there is no coercion of people to follow
what I suggest.

[bitgolden]

Bitcoin will always have recovery, there will be corrections to drop the increases as well. I understand that people are not sure what it will do and when it will do it. However, the reality is that up and down is the only ways a market will do, there is no other option, it will either go down or it will go up. Right now we are coming out of a horrible down, we were in a situation where it nearly dropped under 30k and then we started to go up so much that it reached over 61k+ from that level. Which means that it dropped, and now it recovered. It may continue to go up and then it will have a situation where we are going to end up seeing a drop as well.

I am not saying that it will happen today, it may take a month or two who knows when the drop will happen but eventually it will drop and that is when we are going to see the big drop, it is inevitable to have a drop after such a big increase.

[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

[bitgov]

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.

[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.

[bots1]

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.

[Kasabus]

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.

Bitcoin is now moving towards its new all time high as its own price continue to surge despite of its price correction in the past days. And if the momentum goes on, we will end up this year reaching bitcoin's bull run which could pave the way for ethereum new ATH too. Right now, everyone is positive about that unless a serious problem will hit the market and may pull down their prices again. I guess as volatility never stops, then we will expect inevitable ups and down for bitcoin and the rest of the crypto coins.