Are we going to recover or continue to dump?

[Fakhrulenclix]

What are your current opinions on the cryptocurrency market?

don't know when, but recovery is certain, sooner or later.
currently the market price movement continues to decline and I think that is very reasonable, it is precisely when the market trend is like this that we must use it to buy some and take profits in the future.

[1714809960]

1714809960

[1714809960]

1714809960

[savetheFORUM]

If someone knows for sure the answer to this question, he will make a fortune because it is a money-generating question, so you will only find speculations that may be far from reality or closer to reality.
Even these close to reality are based on variables that may not be ideal or linear in many cases.

In short, in the event of uncertainty stay away from short positions and invest in the long term.

You’re actually being very negative right now, and the only reason why I would not want to blame you or over think the whole thing is probably because you are not a trader. You won’t tell me that as a good trader who has been in the market for years now would not even be able to make a single prediction over the market movement and price actions and you’d get at least one correctly.

One does not need to be a fortune teller before saying something about the price rising or falling, based on time memorial and happenings of then in the market with the use of the charts and all of that, you can clearly see that dips don’t come to stay forever.

[Mr.right85]

What are your current opinions on the cryptocurrency market?

don't know when, but recovery is certain, sooner or later.

It's been over 2 months of continuous lows and a significant at that. Any further low would be so uncalled for and would create a lot of panic. For me, I think the bearish market has pitched its tent at the $17k support line as the depth for this season. Evident to this is the way the bulls keep gaining momentum to push price back each time the market moves towards $19k and $18k. It been constituting a ranging market at that zone and you can tell that this would continue for a long time, perhaps the bulls might push price through the rest of the year to some $30k+ zone in preparation for the bullish market to surface.

[AicecreaME]

What are your current opinions on the cryptocurrency market?

As always, we are going to experience both, that's how the market works. To make it simple, as long as we don't reach the bottom, we are not going to recover. No one knows the bottom price, that's why it is important to have enough patient and only buy the dip according to your gathered information and not based on your random idea alone. Don't also panic if the price keeps on dumping after you bought on a certain price.

[Bhig Daddy]

Definitely there will be a bounce back, it might take time and even alot of time but most definitely there will be a change in the market. Life itself don't keep going, there is a time when it rain, when it snow and even dry season too. So don't panic there is a comeback in this.

[wiss19]

This market is very volatile right? So it's always possible to get one of these and it's just up to you which one comes first. I think it all depends on how traders behave in the market because if the selling pressure is higher than the demand then the price will down again. It's true that there is belief among traders that the market is recovering after bitcoin hit $17.7K a while back, but we never really know if this minor recovery is a confirmation that the low is no longer being touched.

Until now I still believe that the bitcoin price or market cap can still drop lower as long as the bitcoin halving has not occurred. This cycle seems to be repeating itself and this is the reason why I think the price can still correct this year into next year. Lower price than $17.7K are still possible, so don't be greedy and invest what you can afford to lose.

It may not be a confirmation for the price recovery, but it is surely looking at the right direction and that is what people care about as well. I know that it's not going to be that easy, and I know that it's going to take a while before we could decide on what's going to happen, but we should not be expecting bitcoin to go back up to a high level right away anyway, we should just see if it is doing better or not.

Right now, it is doing better and that's all that matters. Sure it could go down again, why wouldn't it, it's volatile and it could always go down as well, but if it is looking up, that is all we need to be hopeful about the future.

[popeye95]

What are your current opinions on the cryptocurrency market?

don't know when, but recovery is certain, sooner or later.

It's been over 2 months of continuous lows and a significant at that. Any further low would be so uncalled for and would create a lot of panic. For me, I think the bearish market has pitched its tent at the $17k support line as the depth for this season. Evident to this is the way the bulls keep gaining momentum to push price back each time the market moves towards $19k and $18k. It been constituting a ranging market at that zone and you can tell that this would continue for a long time, perhaps the bulls might push price through the rest of the year to some $30k+ zone in preparation for the bullish market to surface.

Seems like almost everyone is waiting for that price range and DCAing in right now for it. But after all of the resistance wall being broken, from 30k to 20k and now even below it. Hard to say there is a bull waiting for us since even with so many investors who have been DCA'd since 30k and over 20k, there was no sustainable price increase or hitting the range you said.

[ScamViruS]

What are your current opinions on the cryptocurrency market?

People like us who have been in the crypto market for the last few years know that this has happened before in the crypto market. The market is being pumped today and more dumped the next day. This is a painful situation for crypto traders because they are not able to make the right decision at the moment.

I’m guessing from my own experience, this is a great time to create long-term strategies. So you have to keep an eye on the market, to take the right position.

[Fredomago]

What are your current opinions on the cryptocurrency market?

don't know when, but recovery is certain, sooner or later.

It's been over 2 months of continuous lows and a significant at that. Any further low would be so uncalled for and would create a lot of panic. For me, I think the bearish market has pitched its tent at the $17k support line as the depth for this season. Evident to this is the way the bulls keep gaining momentum to push price back each time the market moves towards $19k and $18k. It been constituting a ranging market at that zone and you can tell that this would continue for a long time, perhaps the bulls might push price through the rest of the year to some $30k+ zone in preparation for the bullish market to surface.

Seems like almost everyone is waiting for that price range and DCAing in right now for it. But after all of the resistance wall being broken, from 30k to 20k and now even below it. Hard to say there is a bull waiting for us since even with so many investors who have been DCA'd since 30k and over 20k, there was no sustainable price increase or hitting the range you said.

Still below $20K and the chance that long-term investors are buying more is very possible. The market is unstable and those who have weaker hands are following the current dump, allowing those whales to buy their assets. No sign of moving up or any strong bull to come up more on trying to hold with the current wall.

Nothing that we can assure, only personal assessments and opinions in terms of investing or continue holding your coins.

[sklopan]

I think that in the near future there will still be a fall, and then the market will gradually resume.

[blockman]

I think that in the near future there will still be a fall, and then the market will gradually resume.

No one knows. But if that's gonna be the situation, I agree that eventually there's a gradual motion after this correction. We're all aware of that and that's going to make us hold some more. As the dump continues to happen, it's on your approach how you'll look at this current rate.
If it's positive to you and you're keeping more to your bags then it should not be a big worry.

[Mpamaegbu]

What are your current opinions on the cryptocurrency market?

My opinion on it is, "Don't fright" for this will soon become a past confined to history too like others before it. I've said it before that what users here who're interested in investment should be doing now is to start buying their favourite cryptos ehichy they couldn't get months ago. Don't wait for an elusive bottom. You're likely to miss that point. Instead, do a DCA and leverage out.

[erep]

It is likely the price will go down a little bit more as the bull market is still very far away, however this should not be seen as something that is bad and instead it should be seen as a huge opportunity, because that means we have months or even years to buy bitcoin for a very low price, meaning that when the next bull run appears we will have a lot more bitcoin stored in our wallets and the money we will make out of our investments will grow even more.

We can't speculate that the bulls are still very far away but we have to consider the opportunity of the current low price and whether next month the price will be lower or vice versa, then you will regret that you didn't get involved in buying the low price. We have to judge from the news that Microstrategy is still desperate to buy bitcoin $10 million even though the price is falling, I analyze how they are very confident that Bitcoin will grow higher and that has been proven in the history of the movement pattern of the previous few years, so the conclusion that the lowest price is an investment opportunity with the application of the DCA investment method.

[xSkylarx]

What are your current opinions on the cryptocurrency market?

This dump is not the bottom yet for me. Many people that I know who are knowledgeable in trading is really bearish until the end of the year. They're saying that this dump will continue until end of the year considering the global conflict and crisis some countries are experiencing now. Market will start recovering again before halving in 2024. Cryptos like BTC, ETH, and BNB are a good buy now at their current price but I would not recommend going all in because the market isn't stable yet.

[ven7net]

What are your current opinions on the cryptocurrency market?

I believe that the cryptocurrency market is going down, which is successfully facilitated by the general situation in the world. This is about a crisis that is happening right now in many areas. If we talk about the future, it is likely that as soon as the crisis in the world subsides, the crypto market will also come to life and we will be able to see new growth. Now, with a high degree of probability, there is an attack on large holders of cryptocurrencies in order to bankrupt them and withdraw the cryptocurrency at the lowest possible price. In the future, this may give overall control over the crypto markets, which will certainly bring big new income to the big players. In our case, it remains only to observe what is happening and try to maneuver depending on the current situation in order to somehow stay afloat and not lose all assets.

[RealMalatesta]

What are your current opinions on the cryptocurrency market?

In my own instinct, I feel that we might be still going bearish for a while until there is an incoming big bullish news that might be equal or beyond the level of that Elon Musk BTC hype.

Of course this is not a financial or investment advice. In the world of crypto and blockchain, there are no such promises or guarantees about the movement of the prices of Bitcoin and altcoins. I also know that most of us on when it comes to “BER” months, the price would really recover, but that is not always the case. We’ve got to be prepared for the unexpected or unanticipated moments of Bitcoin and the whole crypto market.

I believe that we are in the middle right now and it's not going to be clear of anything. We are not at a level where it's going to be "bearish" as in go down, but I do not think that we are going to go up enough to call it a bull run neither. We are going to be around these prices and that's all I believe it will happen.

This is a risky zone because you are neither going down nor going up, sure it's like small percentage up and down, like maybe 18k to 21k and go up and down between that, but that's nothing. So, people are unsure of what to do and that is why we have a huge problem with the volume as well. If we were doing fine, the volume would have been fine as well.

[ScamViruS]

Definitely there will be a bounce back, it might take time and even alot of time but most definitely there will be a change in the market. Life itself don't keep going, there is a time when it rain, when it snow and even dry season too. So don't panic there is a comeback in this.

The market will start recovery when the market is well prepared. Because the way the market has dumped in recent times has happened faster than traders expected. So the market has not been stable so far. It is true that it takes time for the market to emerge from the current situation. And no one can say for how long, because the market will decide its next trend. So Bitcoin can only be bought from now on as a long term investment.

[TimeTeller]

Definitely there will be a bounce back, it might take time and even alot of time but most definitely there will be a change in the market. Life itself don't keep going, there is a time when it rain, when it snow and even dry season too. So don't panic there is a comeback in this.

The market will start recovery when the market is well prepared. Because the way the market has dumped in recent times has happened faster than traders expected. So the market has not been stable so far. It is true that it takes time for the market to emerge from the current situation. And no one can say for how long, because the market will decide its next trend. So Bitcoin can only be bought from now on as a long term investment.

We are just mere waiting on what will happen next in this market.
We can speculate, predict, or whatever you think will assist you in deciding what to do with your funds.
But relying on someone or any entity regarding your decision is quite risky.
Better follow your instincts as the money in question is yours and not others.

[KennyR]

We are just mere waiting on what will happen next in this market.
We can speculate, predict, or whatever you think will assist you in deciding what to do with your funds.
But relying on someone or any entity regarding your decision is quite risky.
Better follow your instincts as the money in question is yours and not others.

We don't know what will happen with the market in the coming days. When we risk our money we need to understand the consequences of the market and decide taking into consideration the suggestions as a reference. The market is quite risky, and the risk turns to be riskier when the same is being connected with someone's decision. Because, if we loss money based on our decision it won't hurt and the same lost on someone's suggetion will hurt us more. This is common man's mentality.

[Dart18]

It would be best to stay put as we might be in a motionless market. Bitcoin had not gone up nor down in a dramatic way for a week. Stayed with 19k - 20k and this may take long.
If you are a holder then you can't do much but be patient about the current situation but most traders will like this kind of movement by using short positions.
If there will be another dump? That's unknown. History tells though that Bitcoin didn't move much for a long time after a dump at 2018. But you cannot rely on that as we have different world events.