Bitcoin is recovering

[Quidat]

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.

Really hard to make out some conclusions or presumptions on whatever the the price would be moving which this one makes really hard to determine on what would be the possible
movement which it isnt surprising that we would have no idea on neither its still the bottom or the peak for this year but as a crypto investor then you should have prepared
for this matter because its always been like this and you should be wise on making out decisions specially on a sideway moving market.
Yes, its hard but not impossible and that you should bare in mind.

[matchi2011]

Really hard to make out some conclusions or presumptions on whatever the the price would be moving which this one makes really hard to determine on what would be the possible
movement which it isnt surprising that we would have no idea on neither its still the bottom or the peak for this year but as a crypto investor then you should have prepared
for this matter because its always been like this and you should be wise on making out decisions specially on a sideway moving market.
Yes, its hard but not impossible and that you should bare in mind.

It needs time to observe how the market will move, not easy as some think that way.

But if you focus and dedicate yourself with how to find the right system, that will give
you good edge, success will be there to follow, the market sway is something that you
need to understand. It gives you the upper hand if you know how to play and ride.

[STT]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

[wajik-tempe]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

[LogitechMouse]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

More confirmation is needed in order for this recent rise is considered bulls regaining the control.
Going above and closes the 21 Weekly EMA is one, another is going above the $52,000-$53,000 resistance. If one of this will happen within this week then its a good news and we might see a happy new year with the market . Of course it doesn't mean that this will continue to go to its previous ATH because there is still a chance that this is just a short rise then we might see a long candles going down in the succeeding days.

[$crypto$]

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 .

We can only observe this all the time, but by Christmas bitcoin is getting better can this be said to be a sign that a recovery is coming? I know it's reverting back to its resistance but I'm not sure it will last and could lead to any fading maybe when bitcoin $55k will fall again or will rally that I need to watch.
But if we can get through Christmas and the holidays with prices still above $55k then I'm sure this can lead to good market growth.
But I'll be complacent when I take the chance before.

[onecall123]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

[ShowOff]

We can only observe this all the time, but by Christmas bitcoin is getting better can this be said to be a sign that a recovery is coming?

One thing that is certain is that the bitcoin price is on the right track to recovery although it is not certain that it is a bullish sign that it will probably be during the end of the year or early next year.

But I'll be complacent when I take the chance before.

Good potential may still await next year, but whoever took advantage of the previous correction by buying bitcoin then now they will have to be content with the profit. Market growth is still highly expected, of course. But we should not take this rise as a bullish signal without analyzing and weighing the risks. This is an important part of trading.

[Masplanc]

Volatility is one of the nature of bitcoin, the price can never be predicted,  it goes up and down at any time. So recovery is not something new in the market. When the price rising up its usually the time when those who have hold for longtime sometime sell.

[ReiMomo]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

Yes the number of investors have grown huge in 2021. Bitcoin ATHs this year has alerted many investors about crypto's growth. Yes, I heard that Investors from share market, have started investing in crypto currency especially on Bitcoin and this has brought down the trading volume in share markets. This created a demand. Today I could observe that many altcoins were bullish. Hope the trend continues and yes Bitcoin hits its next ATH by Jan 2022.

[Russlenat]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

Yes the number of investors have grown huge in 2021. Bitcoin ATHs this year has alerted many investors about crypto's growth. Yes, I heard that Investors from share market, have started investing in crypto currency especially on Bitcoin and this has brought down the trading volume in share markets. This created a demand. Today I could observe that many altcoins were bullish. Hope the trend continues and yes Bitcoin hits its next ATH by Jan 2022.

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

[matchi2011]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

In the process of moving forward again, yes, it's not really an assurance even we experienced some small rise
The chance to see another correction is very possible to happen. Bitcoin is still unpredictable. We need to asses
and make sure not to judge too quick or not to rush to avoid making mistake and lose your investment.

[TravelMug]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

In the process of moving forward again, yes, it's not really an assurance even we experienced some small rise
The chance to see another correction is very possible to happen. Bitcoin is still unpredictable. We need to asses
and make sure not to judge too quick or not to rush to avoid making mistake and lose your investment.

The price has corrected itself isn't it? From our last all time high of $68k and now we barely make it to $50k. If not for the push this Christmas, I don't think we will see that price because it is a big mental barrier so far.

So we are a long way ahead for the recovery process, on the contrary, we might be entering a bear market next year so just prepare ourself to not lose our investments.

[elisabetheva]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

In the process of moving forward again, yes, it's not really an assurance even we experienced some small rise
The chance to see another correction is very possible to happen. Bitcoin is still unpredictable. We need to asses
and make sure not to judge too quick or not to rush to avoid making mistake and lose your investment.

for the past few months bitcoin seems to be comfortable with the current price, doesn't want to go down too deep and doesn't try to get past the ATH that has been created again. Is this a preparation for the next step in 2022, where there should have been a correction at the beginning, or will there be a surprise like this year that actually saw an increase.

if you want to invest in bitcoin, you don't need to be afraid of what the current price will be because when the halving occurs it will certainly reach renewable ATH, but if you can buy it when the price is corrected, it's certainly very good.

[peter0425]

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?

at exactly 1 month after Bitcoin still struggling to touch that 60,000 barricade so there is no sense in telling that it is really a recovery .
maybe slightly but now it is assured that there is no another ATH coming this 2021 , i think everyone will agree on that.
but staying positive wont hurt us actually so lets see what's coming next .

[btc78]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

Keeping Hindered to even climb above 50k , there are even more dumping happened this December than Last November so i think we are now in the verge of Bearish market.
As the Bullish year is week near to end and the new one coming in which mostly the year after the Bull is Bear.

Volatility is one of the nature of bitcoin, the price can never be predicted,  it goes up and down at any time. So recovery is not something new in the market. When the price rising up its usually the time when those who have hold for longtime sometime sell.

yes like what Correction happens after each Bull , recovery happens every after Bear or at least dumping time .

[jamkesmas]

I think bitcoin in 2022 will be a positive trend where the covid pandemic is starting to disappear in some countries. although in 2022 there will be negative and positive trends as in previous years. but in my opinion the value of bitcoin will penetrate 100k.

[mattujusuruga]

In my opinion, since bitcoin hit a new ATH in November, and the bear market came in early December it has had a very deep downtrend in price for bitcoin. Until now, the price of bitcoin is still experiencing a significant price decline. Therefore, bitcoin has not recovered since the price decline in early December until now where the bitcoin price is still difficult to rise to the level of $55K.

[Fakhrulenclix]

In my opinion, since bitcoin hit a new ATH in November, and the bear market came in early December it has had a very deep downtrend in price for bitcoin. Until now, the price of bitcoin is still experiencing a significant price decline. Therefore, bitcoin has not recovered since the price decline in early December until now where the bitcoin price is still difficult to rise to the level of $55K.

a few days ago Bitcoin was at 50k and currently dropping back to 48k I think it's still very good and not a price correction too deep with the current price it is very possible for bitcoin to hit ATH again in the near future when the bull market comes.
and with what is happening in the market today I think it is still very reasonable that the crypto market price moves so fast and there is no need to worry because from what has happened in the past Bitcoin always recovers from adversity.

[yohananaomi]

I think bitcoin in 2022 will be a positive trend where the covid pandemic is starting to disappear in some countries. although in 2022 there will be negative and positive trends as in previous years. but in my opinion the value of bitcoin will penetrate 100k.

all of course hope like what you say that bitcoin will go into a positive trend, but it's hard to guess because the predictions of the end of the year which will reach high prices, have not been proven at all and many are disappointed.
and this situation actually has nothing to do with the covid pandemic.

but that disappointment certainly shouldn't drag on because I'm also as optimistic as you that the correction trend will end in time, if the correction stops the same as in 2021, we can be sure that in February there will be a surprise that can make everything reach its best point.