Are we going to recover or continue to dump?

[pgbit]

It seems that the market is not currently recovering and there is a risk of further dumping as the market has touched the strong support of 19500 several times and has not broken the resistance of 20700 above.  And currently there is no good news coming in the market which will push up the price of Bitcoin. In the same month the news of MT Gox token release is also circulating which may affect the price of Bitcoin.  And Bitcoin may dump further.After looking at all these things we can say that the market will crash more.

[serjent05]

We are currently in a bear market so we have to observe bearish moves like having lower lows (price going down) sideways and relief rallies.  But, it is Bitcoin we are talking about, Bitcoin had proven that it has the capability to bounce back or recover its market value.  So I do not think we have to worry ourselves if Bitcoin will recover or dump, obviously, it will recover!  Just have patience and wait for the hype of the incoming Bitcoin halving.

[SOKO-DEKE]

What are your current opinions on the cryptocurrency market?

It is just a matter of time with the away the crypto market price is going up and down. I should believe even a day is comprises of morning, afternoon and night that mean changing always occur even if with days. The of Cryptocurrency will sure change to better position. After this dumping and pumping small for few times we are expecting huge changes in price.

[rojan]

Cryptocurrencies are still on a downward trend, but by the end of this year, we may see the crypto market pick up again. But I'm not completely sure about it, but it seems like something like that will happen, if not by the end of this year, then hopefully next year. But since the cryptocurrency market is so deep right now, it would be a good idea to stock up on some crypto now and reap huge profits in the future.

Cryptocurrency market is not safe to trade in this condition. But we all hope the market will be good next year. And if not, we will face more problems. Many have bought coins hoping that the market will be good. If not, they will face losses. But it is expected that if it is not fixed next year, it will be fixed within a few days. There is no reason to worry

[rozak]

Cryptocurrencies are still on a downward trend, but by the end of this year, we may see the crypto market pick up again. But I'm not completely sure about it, but it seems like something like that will happen, if not by the end of this year, then hopefully next year. But since the cryptocurrency market is so deep right now, it would be a good idea to stock up on some crypto now and reap huge profits in the future.

Cryptocurrency market is not safe to trade in this condition. But we all hope the market will be good next year. And if not, we will face more problems. Many have bought coins hoping that the market will be good. If not, they will face losses. But it is expected that if it is not fixed next year, it will be fixed within a few days. There is no reason to worry

those who buy now for long-term planning. considering the trading of course it will be difficult to make a profit.
no one will know when the market will improve. current conditions are still quite confusing between up and down trends. but I think this condition will last long enough. with a small pump and dump after. this situation will be repeated several times, but with the stability of market prices that will not change.
Let's just hope, later this year we will see a new trend emerge. the market seems to have been in this condition for a long time.

[Franctoshi]

Historically Bitcoin normally gets 80% correction after its ATH and we've only gotten 70%-75% correction from its previous ATH.
Therefore if we should have that history repeat Itself once again in this bear market, we will be talking about $12k price per Bitcoin in coming months ahead.
I haven't really seen a clear wash out of the market and too 50% of Bitcoin holders are still in a profit.

There are so much selling pressure on Bitcoin right now due to uncertainties, even today someone sold 2,600 BTC just in a single limit order transaction in just a minute time, in regards to the CPI report that just came out today. however despite all this selling pressure Bitcoin is still trading between $18k,$19k-$20k price levels, The more we keep testing these support levels the weaker it becomes for the price to break below, which means we could get another dump.

[milewilda]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

We have seen some minor decline due to that Binance hack i do presume but it did eventually make its price go back up and playing around 19k.We might be seeing 20k+ price soon if these gradual increase
would continue.Speaking about on asking whether we would continue or dump then no one really knows.It would really be depending on how this market would be moving and to those who do
buy and sell.We know that this is really that totally random,there's no one could precisely tell on what would happen next.It do always raises up a question.
This is why investors or traders do really need to take up some risk on regarding with their decisions which neither they would be buying or would be waiting a bit more.

[judaspriest]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

a few months before the bitcoin halving will recover and after the Bitcoin halving of course the Bitcoin price will skyrocket,
because this happened during the 2020 halving,
we know the corona virus in 2019 made the Bitcoin price drop to below $ 5000 and ahead of the fast recovery halving,
maybe this will happen in next year again because the inflation disaster has hit the world,
so we have to be prepared if bitcoin drops below $10k and I'm sure the recovery will also be very fast before the halving.

[Ahli38]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

Agree it, if you look at the bitcoin halving period then of course it gives us hope to continue to accumulate bitcoin. because seeing the strength of bitcoin support in the $17k-19k USD area is quite strong. even when yesterday bitcoin corrected back to the $17k USD area. apparently from that point it bounced back and tried to break through the $20k USD area. and it happened after Elon Musk said $20,000 in his twitter post.
maybe the bear market will continue for a long time. because of the ongoing economic crisis. but I believe after that when the bullrun market returns it can create a new ATH.

[Pamadar]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

a few months before the bitcoin halving will recover and after the Bitcoin halving of course the Bitcoin price will skyrocket,
because this happened during the 2020 halving,
we know the corona virus in 2019 made the Bitcoin price drop to below $ 5000 and ahead of the fast recovery halving,
maybe this will happen in next year again because the inflation disaster has hit the world,
so we have to be prepared if bitcoin drops below $10k and I'm sure the recovery will also be very fast before the halving.

You need to have that nerve to stay strong once the market drops to that level. It's good to add more spare money for investment.

In case the market goes deeper, you have enough fund to invest instead of following the flow,
instead of selling with fear, go against the market trend is something that may bring you
decent amount of profits in the long run.

[jossiel]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

I have that feeling when you said that this isn't good. It is because with what I have observed before when it is quite stable, the market plummets afterward.

But I do hope that it isn't going to be like that this time.

As the market is trying to recover after the CPI has been released.

[GelatikKembar]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

a few months before the bitcoin halving will recover and after the Bitcoin halving of course the Bitcoin price will skyrocket,
because this happened during the 2020 halving,
we know the corona virus in 2019 made the Bitcoin price drop to below $ 5000 and ahead of the fast recovery halving,
maybe this will happen in next year again because the inflation disaster has hit the world,
so we have to be prepared if bitcoin drops below $10k and I'm sure the recovery will also be very fast before the halving.

You need to have that nerve to stay strong once the market drops to that level. It's good to add more spare money for investment.

In case the market goes deeper, you have enough fund to invest instead of following the flow,
instead of selling with fear, go against the market trend is something that may bring you
decent amount of profits in the long run.

There are times when we need to fight market trends but it takes courage,
In addition, before going against the market trend, of course, you need to consider first it's important,
everyone needs to make their own decisions and take responsibility

[usekevin]

Experienced people know the fact,the price of bitcoin will increase for the sure.When the demand was increased to the next level.So you should be a Roman,when you are in Rome.Like wise,you need to hold the crypto currency till the price of crypto currency was back to the good value.Holding and avoid panic selling was two master move by the experienced traders as compared to the new traders.When the price of crypto currency was keep on dumping,you should try to buy some huge amount of most worthy tokens.

[Pamadar]

The current situation is stable. But this situation is never characterized as good. Market may be more dump. We won't see any improvement until the effects of war & inflation subside. But roughly following the cycle of Bitcoin, we may see a major boom in Bitcoin within 2024. So investors must keep those things in mind and make a long-term plan.

a few months before the bitcoin halving will recover and after the Bitcoin halving of course the Bitcoin price will skyrocket,
because this happened during the 2020 halving,
we know the corona virus in 2019 made the Bitcoin price drop to below $ 5000 and ahead of the fast recovery halving,
maybe this will happen in next year again because the inflation disaster has hit the world,
so we have to be prepared if bitcoin drops below $10k and I'm sure the recovery will also be very fast before the halving.

You need to have that nerve to stay strong once the market drops to that level. It's good to add more spare money for investment.

In case the market goes deeper, you have enough fund to invest instead of following the flow,
instead of selling with fear, go against the market trend is something that may bring you
decent amount of profits in the long run.

There are times when we need to fight market trends but it takes courage,
In addition, before going against the market trend, of course, you need to consider first it's important,
everyone needs to make their own decisions and take responsibility

You are right! It's about your own decision and understanding about the market.

By experienced you will be able to manifest a good decision making especially when the market is acting like this,
with unusual downfall, there's a chance that you will be able to pick assets that will bring a decent amount of profits
when it bounces back and starts to pump high, it's a matter of good decision making and taking risk.

[Inspiron14]

Cryptocurrencies are still on a downward trend, but by the end of this year, we may see the crypto market pick up again. But I'm not completely sure about it, but it seems like something like that will happen, if not by the end of this year, then hopefully next year. But since the cryptocurrency market is so deep right now, it would be a good idea to stock up on some crypto now and reap huge profits in the future.

Cryptocurrency market is not safe to trade in this condition. But we all hope the market will be good next year. And if not, we will face more problems. Many have bought coins hoping that the market will be good. If not, they will face losses. But it is expected that if it is not fixed next year, it will be fixed within a few days. There is no reason to worry

It is certain that the crypto market will once again be good and very valuable again which we have seen several times before.  So the real holders never fear that the crypto may fall further and they may face loss because they always have their target that until the crypto market is good and they will not sell their crypto until they get a huge amount of profit. so it is not a big problem for real holders

Such ones are professional traders and they already know what they have to do,
the bear market won't last forever because after that there will come a bull market although we don't know when for sure,
it's only a matter of time for the market to recover and stay patient

[BobK71]

Cryptocurrencies are still on a downward trend, but by the end of this year, we may see the crypto market pick up again. But I'm not completely sure about it, but it seems like something like that will happen, if not by the end of this year, then hopefully next year. But since the cryptocurrency market is so deep right now, it would be a good idea to stock up on some crypto now and reap huge profits in the future.

Cryptocurrency market is not safe to trade in this condition. But we all hope the market will be good next year. And if not, we will face more problems. Many have bought coins hoping that the market will be good. If not, they will face losses. But it is expected that if it is not fixed next year, it will be fixed within a few days. There is no reason to worry

It is certain that the crypto market will once again be good and very valuable again which we have seen several times before.  So the real holders never fear that the crypto may fall further and they may face loss because they always have their target that until the crypto market is good and they will not sell their crypto until they get a huge amount of profit. so it is not a big problem for real holders

Such ones are professional traders and they already know what they have to do,
the bear market won't last forever because after that there will come a bull market although we don't know when for sure,
it's only a matter of time for the market to recover and stay patient

no one know when market will pump and when will dump but professional traders can always make one's own prediction.  Which is done by looking at the previous token's trading chart.  Above all, it coincides with the changes in the market. Therefore, professional traders and holders do their own research and invest at their own risk.

To be honest we are having a bad time. Where crypto is not getting any direction. But many are calling this situation is normal. Because everyone knows that recession can affect finances. In that case how can crypto deny this situation. So I am not very optimistic about crypto until the end of the next year.

[Hamza2424]

Well, for now, we are sideways moving as I am expecting this spell to end as it's on his last breath so don't worry. We will not only recover my perspective is that we will also make great profits from the coming Bul run up... So hold your seats as we are taking off from the Sideways. Good mindset = Good aim and Godd aim= good profit.

[Quidat]

Well, for now, we are sideways moving as I am expecting this spell to end as it's on his last breath so don't worry. We will not only recover my perspective is that we will also make great profits from the coming Bul run up... So hold your seats as we are taking off from the Sideways. Good mindset = Good aim and Godd aim= good profit.

We do only have two paths to take which is going up or down.Its not bad on being optimistic but you shouldnt really make yourself that optimistic because
you would really be that ending up on rage when your patience do test you out.Its not really that always where our emotions are really that easy to handle.
We are indeed moving sideways which it is really its hard to make out predictions as always and this is why risk taking factor
will really be depending on such individual.

[Zilon]

What are your current opinions on the cryptocurrency market?

This was asked in June 27 2022 when bitcoin traded around $31,792.55 and since then price has been on a consistent dip. Bitcoin is not an asset that can be predicted with chart patterns or news. We trade according to the trend. If it says buy we obey, if it says sell we equally obey and if it say pause we obey.  My current opinion on the crypto market now is obedient to what ever pattern the market forms until a massive bull trend resumes.

[Pamadar]

What are your current opinions on the cryptocurrency market?

This was asked in June 27 2022 when bitcoin traded around $31,792.55 and since then price has been on a consistent dip. Bitcoin is not an asset that can be predicted with chart patterns or news. We trade according to the trend. If it says buy we obey, if it says sell we equally obey and if it say pause we obey.  My current opinion on the crypto market now is obedient to what ever pattern the market forms until a massive bull trend resumes.

So far there's nothing we can do but to follow any sentiments if we are in a day trade business, but if we are aiming for long-term investment.

Buying and holding give us a better chance of compensating huge profits when the market start to pump high.
Though it's not easy for it is, as most of the time we are being controlled by our emotions even we already have
the experienced with the situation, it can't be removed that due to volatility we are still following market sentiments.