Bitcoin is recovering

[bitzizzix]

Bitcoin always recover from the dip, I've been in crypto since 2017 and I also experience dip and huge correction of btc price that time when I was still a newbie in crypto I am easily get panic and sell my assets then i sometimes loss a huge amount of capital and profit. For now I am not afraid of dip because I know that Bitcoin will surely recover and now I slowly believe that btc is the future.

Experience is the most important thing and considering the history of bitcoin's journey will repeat itself and it will be a good provision in the future, and what happened with bitcoin today we have experienced before and we will feel calm and also not panic because what happened is only temporary and sooner or later will recover.

and the most we have to realize is that after the correction or decline the price will recover even the price will exceed the previous high price, which we should actually use to make a purchase before it is too late because now is the right time to make a purchase because 100k is already waiting there.

[rahmatrf331]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

[ultrloa]

Bitcoin always recover from the dip, I've been in crypto since 2017 and I also experience dip and huge correction of btc price that time when I was still a newbie in crypto I am easily get panic and sell my assets then i sometimes loss a huge amount of capital and profit. For now I am not afraid of dip because I know that Bitcoin will surely recover and now I slowly believe that btc is the future.

No matter how long the dips, bitcoin will always rebound back to its high value. Bitcoin price is definitely starting to recover now from $53k-$57k and it might be the next step will be surpassing its $60k resistance level. Although the market seems so unpredictable but when it comes to bitcoin, we already know that its value will not stay in dump, but it always bounce back again so it could reach another bullish value. Probably those who bought bitcoin when it was below $55k are already in profits today.

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

[TopTort777]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

Are you sure about that? Yesterday Bitcoin hit +58k and the price dropped back. Now we are near 58k again and I expect the price to drop again in the late evening. But if we look on top alts, we will see a completely different picture. Ethereum is only gaining, BNB is not lagging behind, Solana looking really good. Since Bitcoin has dropped its price from +65k, these alts managed to recover and are really close to updating ATH. So is Bitcoin really in a "fast phase of recovery" ?

[Devifajarina]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

Are you sure about that? Yesterday Bitcoin hit +58k and the price dropped back. Now we are near 58k again and I expect the price to drop again in the late evening. But if we look on top alts, we will see a completely different picture. Ethereum is only gaining, BNB is not lagging behind, Solana looking really good. Since Bitcoin has dropped its price from +65k, these alts managed to recover and are really close to updating ATH. So is Bitcoin really in a "fast phase of recovery" ?

I think bitcoin is in a recovery phase for now, look at the last two days, bitcoin conditions corrected quickly, but in the next two days it was in a slightly stable phase, while Ethereum, BNB and Solana also had an impact from today's bitcoin recovery, indeed it is difficult to predict market conditions, but the extension of ATH is quite close to the end of this year or at the latest until early next year, let's witness a bull run for the umpteenth time.

[fullhdpixel]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

[CaVO32]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

Some traders are in here for short-term because they have other priorities to attend to like using some of their profits to their necessary expenses and such. And some who can really afford to hold long term, can actually see the benefit of holding and waiting as the value increase throughout the years. If you are a holder and has the necessity to sell, just sell it when you are in positive side. What I mean is, at least sell it not at a loss. Bitcoin will always have this up and down movement and so with other alts.

[Shasha80]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

Some traders are in here for short-term because they have other priorities to attend to like using some of their profits to their necessary expenses and such. And some who can really afford to hold long term, can actually see the benefit of holding and waiting as the value increase throughout the years. If you are a holder and has the necessity to sell, just sell it when you are in positive side. What I mean is, at least sell it not at a loss. Bitcoin will always have this up and down movement and so with other alts.

Everyone has different strategies and goals when buying Bitcoin, so indeed not everyone decides on a long-term investment in Bitcoin. Although
we know the most effective and safe way to make profit from Bitcoin, is by holding Bitcoin in the long term. Because we know the price of Bitcoin
tends to continue to rise, so the longer we hold Bitcoin, the bigger the profit we make. However, not everyone can hold Bitcoin in the long term,
there are some people who rely on Bitcoin as a source of income to buy their daily needs. So people like that prioritize short-term trading, so that
the profits generated can be used to buy daily necessities. And there's nothing wrong with that, the most important thing when selling Bitcoin is
not losing. The price of Bitcoin is indeed still stuck below the $60k price, and there is no sign that it will recover again above the $60k price.
But if we watch Bitcoin in the last few weeks continue to move between the price of $54k-$58k, this can be used to generate profits for
short-term trading.

[Fatunad]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

Some traders are in here for short-term because they have other priorities to attend to like using some of their profits to their necessary expenses and such. And some who can really afford to hold long term, can actually see the benefit of holding and waiting as the value increase throughout the years. If you are a holder and has the necessity to sell, just sell it when you are in positive side. What I mean is, at least sell it not at a loss. Bitcoin will always have this up and down movement and so with other alts.

Not all would really go along with long term aspect because of some circumstances which is totally personal but if they  could able to sustain then this is something
varies on certain conditions which we know that not each person would really be the same just like this. Play with the price movements and as a trader then
you should really need to deal up  with movements wisely and effeciently even though its not predictable but at least you do know on what you are doing.

[bengsabeng]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

yes that's true, bitcoin price is starting to recover but not a very fast recovery phase like you said because currently bitcoin price is stable at around $57k price. In my opinion the current bitcoin price recovery phase tends to be slower than the previous recovery phase, and if you look at the current bitcoin price movement it looks like a stable price will happen again.

[ivankoh]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

[Natalim]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

That really was huge, after the Black Friday sale, bitcoin was not able to bounce back at $60k anymore, it's struggling and everytime it tries to break the resistance, it fails, so we have to be prepared for a possibe below $50k price if the support won't be able to hold it long can probably call it a bear market?

[coderben]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

[noormcs5]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

That really was huge, after the Black Friday sale, bitcoin was not able to bounce back at $60k anymore, it's struggling and everytime it tries to break the resistance, it fails, so we have to be prepared for a possibe below $50k price if the support won't be able to hold it long can probably call it a bear market?

There is no link between black friday and crypto prices. However, i see a lot of selling pressure in the last few days which may not be good for traders in the short term.

Overall i think that december is usually a bullish month for bitcoin and we may see some good momentum in bitcoin prices in mid of december.

[geegaw]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

The clearer assumption is that we are facing a new variant of the pandemic, the economic bridge being restructured has once again fallen into disrepair of finance and support, most of the direction of support is gradually turning to health and policies to help people experiencing the pandemic, of course, such disruptions that make bitcoin on its way back are also affected. Especially at the end of the year with major holidays and people in dire need of money, investments like bitcoin will have a lot of liquidity, it's easy to see bitcoin being battered by bad news as a sign of winter break

[cryptomaniac_xxx]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

That really was huge, after the Black Friday sale, bitcoin was not able to bounce back at $60k anymore, it's struggling and everytime it tries to break the resistance, it fails, so we have to be prepared for a possibe below $50k price if the support won't be able to hold it long can probably call it a bear market?

There is no link between black friday and crypto prices. However, i see a lot of selling pressure in the last few days which may not be good for traders in the short term.

Overall i think that december is usually a bullish month for bitcoin and we may see some good momentum in bitcoin prices in mid of december.

That's the keyword here, "short-term". So despite the selling pressure again because of the new discovered variant of covid-19, sooner or later we will have a break out run and a good bounce back in December and obviously the next stop will be at $60k. And maybe we can build enough momentum to see and get to a new all time high in the 2nd or 3rd week so we will see. I'm still optimistic that we are still in the bullish mode this December.

[bengsabeng]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

That's right, if the market conditions are like today of course short-term investors or day traders can get profits very quickly. I think the recovery has occurred since the bitcoin price was around $30k, of course in that recovery phase the price will not increase continuously because sometimes there are FUDs that attack bitcoin.

[jaberwock]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

That's right, if the market conditions are like today of course short-term investors or day traders can get profits very quickly. I think the recovery has occurred since the bitcoin price was around $30k, of course in that recovery phase the price will not increase continuously because sometimes there are FUDs that attack bitcoin.

The short futures are looking like they are making a good amount of money these days, we keep having these drops and they are making insane returns thanks to it, which means that we are getting more and more long futures liquidated and that drops the price even more and that results with their btc to be turned to USDT to pay the future contract costs and that results with even more drop and goes in a cycle until it stops.

Short term shorting right now is one of the most profitable things that people could do, maybe not in the future and we may increase very soon, but for the past one month we have seen plenty of drops, and that usually ended up with people making way too much money for price drops and it caused the price to not be able to recover that easily at all.

[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.

[Vdecso]

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.