Bitcoin is recovering

[arufox]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

[Devifajarina]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

[elisabetheva]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

always continue to be optimistic even though we also cannot close our eyes that bitcoin is in a very deep dilemma and continues to be corrected and is unable to rise quickly as usual. time is running and to reach the final ATH will it be possible before the end of the year? it all depends on all the potential that exists and still want bitcoin to be able to reach at least in the range of $70K which yesterday was just a step away but couldn't be achieved.

[Rasa nanas]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

looks like the fake price hike is happening again today, today the price of bitcoin fell quite deeply, even deeper than the price decline that occurred before.
I think this is the right time for day traders to buy because in the next few days the bitcoin price will recover and of course can make a profit in a short time.

[cryptomaniac_xxx]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

looks like the fake price hike is happening again today, today the price of bitcoin fell quite deeply, even deeper than the price decline that occurred before.
I think this is the right time for day traders to buy because in the next few days the bitcoin price will recover and of course can make a profit in a short time.

Yes, it fell very sharp this weekend, from low $50k'ish down to $47k-$48k, not sure what's the reason behind another flash crash in just matter of hours, but it seems that we are somewhat entering a bearish phase in December?

Still though, I'm optimistic that this is just another bump the road and if ever $100k is not going to happen this year, I will not be disappointment because sooner or later we are going to hit it maybe later next year.

[LUCKMCFLY]

Bitcoin is taking a turn around and moving gradually up at the moment and selling at $55, 788. Is looking like the new week is going to find a resistance back at $60k with the wave and direction of candles on a longer time frame. I guess there could be some positive move forward the beginning of the first week in December.

Yes, bitcoin now have tried several times to break through $58K but haven't been able to reach it and drop back at $57K, looks like resistance at $60K. hopefully the end of this month can be passed by bitcoin so that the ability to increase in december can be easily done.
there is always a chance that bitcoin can be done at the end of this year because bitcoin movement can do that quickly. we wait patiently.

Maybe for now its struggling to reach back again at $60k since many people are still afraid to buy since they think that this is the start of the bear but for sure once we remain stable at this figure for sure we can see this climb on next month since many people will get back on their feet then buy again since many will provably think that we can see a better picture of it next year. Hopefully this remaining this of the month we will be surprise by bitcoin to reach at $60k again.

I have been reviewing the entire market, articles and everything that has to do with BTC and the market in general, I have seen some tools, unfortunately I have not activated the "volume profile" but I understand that since yesterday there was a large purchase, then I Whole that was Microestrategi, which is excellent, but it has not had the impact that is wanted in the market, it has tried to go up, and I think they bought at the $ 52k levels and it has risen to $ 57k, but the trend is Very bearish reviewing the orders, however the pools indicate that a series of sell orders have been generated in more than $ 60k, it is difficult but not impossible.

[Devifajarina]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

looks like the fake price hike is happening again today, today the price of bitcoin fell quite deeply, even deeper than the price decline that occurred before.
I think this is the right time for day traders to buy because in the next few days the bitcoin price will recover and of course can make a profit in a short time.

Yes, it fell very sharp this weekend, from low $50k'ish down to $47k-$48k, not sure what's the reason behind another flash crash in just matter of hours, but it seems that we are somewhat entering a bearish phase in December?

Still though, I'm optimistic that this is just another bump the road and if ever $100k is not going to happen this year, I will not be disappointment because sooner or later we are going to hit it maybe later next year.

Bitcoin is not so disappointing under any circumstances, because actually bitcoin is the only one that has a level of stability, the occurrence of a correction to bitcoin will also not have an effect for so long, it will recover slowly, and I still believe bitcoin will be able to overcome such a correction , and even bitcoin will hit a higher price, both early and next year, no bigger concern in my view.

[Rimueng]

The current condition of the bitcoin price is still experiencing a very deep correction. bitcoin price even fell 15% in the last week. The correction in bitcoin prices is as investors tend to hold back their risk appetite amid negative sentiment from China.

[Questat]

The current condition of the bitcoin price is still experiencing a very deep correction. bitcoin price even fell 15% in the last week. The correction in bitcoin prices is as investors tend to hold back their risk appetite amid negative sentiment from China.

Based on the price trend, it looks like we are going downtrend and that's inevitable as we enjoyed a bull market in most of this year and some months last year. 15% fall is small compared to the percentage it pumped in the past few months, time for correction so time to relax, be patient and buy more if you feel like adding more value to your investment.

[arufox]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

always continue to be optimistic even though we also cannot close our eyes that bitcoin is in a very deep dilemma and continues to be corrected and is unable to rise quickly as usual. time is running and to reach the final ATH will it be possible before the end of the year? it all depends on all the potential that exists and still want bitcoin to be able to reach at least in the range of $70K which yesterday was just a step away but couldn't be achieved.

Bitcoin price corrections that occur towards the end of the year like this have actually happened repeatedly in the last few years and bitcoin has always been able to overcome it and bounce back. I predict the price of bitcoin will skyrocket again early next year. Moreover, if we look at the historical ups and downs of bitcoin prices, it is possible to return to the bull run in Q1 2022.

[btc_angela]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

always continue to be optimistic even though we also cannot close our eyes that bitcoin is in a very deep dilemma and continues to be corrected and is unable to rise quickly as usual. time is running and to reach the final ATH will it be possible before the end of the year? it all depends on all the potential that exists and still want bitcoin to be able to reach at least in the range of $70K which yesterday was just a step away but couldn't be achieved.

Bitcoin price corrections that occur towards the end of the year like this have actually happened repeatedly in the last few years and bitcoin has always been able to overcome it and bounce back. I predict the price of bitcoin will skyrocket again early next year. Moreover, if we look at the historical ups and downs of bitcoin prices, it is possible to return to the bull run in Q1 2022.

At the end of almost every year, BTC has a good run, unlike today, in which we will have a good bounce, like 6% and then goes down again. Just like what we've seen in the last 24 hours, from $49k almost $50k and then dipping below the support level of $48k -> $46k. Something is wrong with that kind of movement. Investors are selling off, we really don't know the reasons for now as to why the movement is like that this December and this is the first time we've seen this.

[dataispower]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Everytime bitcoin is making changings weather negatively or positively, there is one thing i notice in bitcoin, it always go against or it balance to a specific motion, the figure i saw in bitcoin last three days as the market price and the price i notice today is not the same thing, the figure rotates and is not stagnant, everyone needs to believe that bitcoin will possessed it ground again as it did before, today i even experience that is going down ward again instead of increasing

[asrinur]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year.

[aruldaroy]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

I see the price of bitcoin today is around $46,534.37
Now the crypto currency or other Bitcoin currencies are back in a weakening trend.
Even in the last 24 hours, the price of Bitcoin has slumped 7.31%. even the decline in the price of ethereum is also down 8.78% in the last 24 hours.
and why are you so sure that the current decline in bitcoin prices is due to the new variant of the corona virus.?

[Natalim]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year.

That's alright because we are talking of short-term drop only, as we always see, bitcoin pumps heavily and will create a new ATH after it will struggle for quite some time. The short term movement is just brought by FUD, but if you really look at the real potential, the overall movement is very impressive and with enough knowledge, you should not worry holding it, even for long term.

[STT]

Short term moves dont matter so much, this is just price revision of fairly recent action.     I dont mind speculation because it can be profitable but I dont assume these trends last or alter the wider picture beyond each week.   We're going to get more serious statement of affairs going into Jan and Feb price action, right now this could be said to be the foundation for those moves.
   Yet again today its still mostly sideways, that'll process and turn into a proper move as we average out.

[24Kt]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year.

That's alright because we are talking of short-term drop only, as we always see, bitcoin pumps heavily and will create a new ATH after it will struggle for quite some time. The short term movement is just brought by FUD, but if you really look at the real potential, the overall movement is very impressive and with enough knowledge, you should not worry holding it, even for long term.

We need to look at the bigger picture here because if you will get paranoid by everyday market movement, you will get crazy. Just think of bitcoin few years ago, what we have right now has never achieved in the previous years. And the market is still growing as more users are getting on board. Be worried if the popularity of btc or crypto is declining and losing its appeal. But we are still on the positive side, so the possible increase of value is just around the corner as we further increase its adoption.

[btc_angela]

Short term moves dont matter so much, this is just price revision of fairly recent action.     I dont mind speculation because it can be profitable but I dont assume these trends last or alter the wider picture beyond each week.   We're going to get more serious statement of affairs going into Jan and Feb price action, right now this could be said to be the foundation for those moves.
   Yet again today its still mostly sideways, that'll process and turn into a proper move as we average out.

It's sideways, so I don't expect any movement whatsoever unless some whales wanting to shake it up and move past $50k at least this holiday. But I'm not seeing that, whales are smart and wouldn't take that huge risk right now since everyone is now waiting at the sideline.

So it will be interesting what will be the next year will bring early, the first quarter will be critical, it will spell between a long bearish market or will it will be recovery again and hopefully that $100k can be achieved.

[Chato1977]

I thought it is but after almost making it back to 50k , Now the price remains 48k and slowly fading again.

Do you really think that Christmas is a good time? or even in New year we will not be seeing any growth or the much awaited another ATH for Year ending?


anyway let us be contented , besides we can do nothing for this occasion .

[doomloop]

It's sideways, so I don't expect any movement whatsoever unless some whales wanting to shake it up and move past $50k at least this holiday. But I'm not seeing that, whales are smart and wouldn't take that huge risk right now since everyone is now waiting at the sideline.

So it will be interesting what will be the next year will bring early, the first quarter will be critical, it will spell between a long bearish market or will it will be recovery again and hopefully that $100k can be achieved.

Whales are smart but they know what they are capable of doing whenever they look at the market which means we may not see something that they are seeing right now. They could get together, spend billions on the market to move it to any direction they want and make a ton of profit. This doesn't mean that they will definitely do it, but it means that there is a good possibility they could do something like that.

This is why I am not holding my breath, they could suddenly change the whole situation, we could be 30k or we could be 70k all because they started something. Do not forget that there are hundreds of news websites out there who are ready to write an article as long as you pay them money, which means if you pay a total of 100k, you could get a "news" out in 100 different big places, or a million dollars, the difference is nothing for them. So they could both manipulate the market by getting in themselves, but they could also manipulate the media as well.