What do you think of the current bitcoin price recovery?

[Dr.Bitcoin_Strange]

I think the price of Bitcoin is going to decline this month, despite the price surge recently after the sharp price dip, I don't believe that the price is going to do better this month, although we can not be so sure about the price accuracy but I know that Bitcoin might not be able to p
Surpass $70k.

[SmartGold01]

I don't see any possibility bitcoin hitting back 70k benchmark in this month of August although it's not certain that my statement are entirely true but from my speculation I don't see it coming that easily judging from the beginning of this month we have been seeing many downtrend in Bitcoin. Thus, it's only news that would give bitcoin such lift in price since I had from someone that Russia legalized mining but I don't have any confirmation to that yet maybe this could be what made bitcoin gained that fast recovery from the previous 52k to 62k. As we know news is the career of price in the market and immediately every other crypto currency coin follows immediately.

[Zigabel]

Alot have happened in the last two weeks and this have weaken alot of investors and twho may have not understood properly how the bitcoin market act at all time, and what have occurred in the market before now and how bitcoin managed to recover from such market dips, we saw that bitcoin dive down to around $52,000 in the last one week and that to me was a great opportunity to buy bitcoin at discounted prices for many who already understood the underlying condition with bitcoin and how possible it is for bitcoin to recover Also in the same diamention that it price drop also, current the price of bitcoin
which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

Surely Bitcoin will get to $70k and possibly exceed it either in August or even beyond and this is with a good amount of certainty, I know Bitcoin has a good dynamic such that if properly understood,  we would know it only gets better with its trends. Don't keep much expectations on Bitcoin, it's best to allow it move it's best direction and make the most off it.

[Odusko]

Surely Bitcoin will get to $70k and possibly exceed it either in August or even beyond and this is with a good amount of certainty, I know Bitcoin has a good dynamic such that if properly understood,  we would know it only gets better with its trends. Don't keep much expectations on Bitcoin, it's best to allow it move it's best direction and make the most off it.

Let expect to see some positive recovery movement from Bitcoin in this period, although the market seems to be struggling lately, but the current stems will wadw away and give chance to a more positive uptrend movement for Bitcoin as this new week began, the market outlook in the last week was a building block for Bitcoin as I'm Bitcoin shown a lot of potential uptrend journey with the way it market ended the current week which is ending in the next few minutes.

I think from tomorrow we are going to be see more consistency in Bitcoin market recovery which indeed will ushar us into a new phase in the market that will see the price touching almost the last all time high price.

[kotajikikox]

bitcoin
which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

its hard to expect such price because itlooks like the price is still  up and down.

after dumping bitcoin Hit 62k again but suddenly pausing at 60k and up to now this is the price we are seeing.

[JeffBrad12]

I think the price of Bitcoin is going to decline this month, despite the price surge recently after the sharp price dip, I don't believe that the price is going to do better this month, although we can not be so sure about the price accuracy but I know that Bitcoin might not be able to p
Surpass $70k.

currently bitcoin is in consolidation phase, it can go down or go up the market decides, but seeing the narrative and the fact that there has been many bullish news about bitcoin I think i'm more of an optimistic person these days hoping that BTC could ever breakthrough again to $70k, I might be biased since I bought at below $60k though not exactly catching the bottom since i'm quite hesitant in making the entry back then but if bitcoin were to breakthrough to $70k i think it's gonna be great.

it will also let bitcoin to have the last big bullrun to reach that $100k price in the future.

[Republikcoin.com]

What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

its hard to expect such price because itlooks like the price is still  up and down.

after dumping bitcoin Hit 62k again but suddenly pausing at 60k and up to now this is the price we are seeing.

The current price is also not too far from $62K which could be a sign that everyone can still expect $70K price back in Bitcoin this month as it is not too far to expect even though we have all seen how the price started to sideways a bit at $61K level as it is now. But that does not mean that everyone should not expect such a high price as considering the expected amount is also quite reasonable and not too big although we might still need some time to see it back in Bitcoin this month.

[famososMuertos]

"I'm speculating a 5% weekly factor for August on Mondays, bought on Friday and sold on Monday..."

Nothing special is actually happening and the best thing about this volatility is that it seems to be organic, every month of the year 2024 has been highlighted by this behavior of a minimum of 10% on the red candle.

[erep]

What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

its hard to expect such price because itlooks like the price is still  up and down.

after dumping bitcoin Hit 62k again but suddenly pausing at 60k and up to now this is the price we are seeing.

The current price is also not too far from $62K which could be a sign that everyone can still expect $70K price back in Bitcoin this month as it is not too far to expect even though we have all seen how the price started to sideways a bit at $61K level as it is now. But that does not mean that everyone should not expect such a high price as considering the expected amount is also quite reasonable and not too big although we might still need some time to see it back in Bitcoin this month.

The significant recovery indicates the potential for bitcoin to reach $70k this month but we have to analyze bitcoin's movements in the next few weeks to ensure bitcoin can reach ATH soon, based on reviewing the current market recovery there is little chance that bitcoin will fall back to the correction price of $55k due to market enthusiasm indicates a significant increase in the future, if the market can reach a new ATH then the crypto market has made a new history of reaching ATH twice in the same year, we hope that the speculation will come true and we will look forward to the prediction being realized soon.

[GigaBit]

That's why we often say that we need to be educated before investing in Bitcoin. There is a high chance of losing if you invest without proper education. Many Bitcoin holders have suffered greatly in the past few days. They do not have proper knowledge  when to invest and when to buy due to which they are likely to lose. Many investors have already failed to hold their bitcoins. A new investor considers a price dump in Bitcoin as a loss but an experienced investor waits for the price dump to happen. They think that a fall in the price of Bitcoin means an increase in their profit margin. Because they try to hold more bitcoins whenever the price drops. As a result, they dream of buying more bitcoins at low prices. Currently, each bitcoin is worth slightly more than 60 thousand and since the bull run has not yet started, it is important to hold more bitcoins.

[davis196]

I'm a little bit disappointed that the price recovered so quickly. I assume that the August 5 global market panic was short term, but there's always the possibility of another global price crash and panic on the global financial markets(especially if the Federal Reserve doesn't step in with decreasing the interest rates). I was hoping for a summer bear market, but this isn't happening. There's a lot of optimism about the future Bitcoin price and the BTC traders/investors cannot get discouraged by bad news about the US economy(or the geopolitical situation).
I read news about FTX paying out 13 billion USD to it's investors/creditors. Maybe this will start another crypto selloff round and we might see the BTC price going back down to 50K-55K USD.

[tabas]

$70k is possible for this month but I let it slip for this moment because too many factors have been stopping it. Ghost month, the sudden crash but then the recovery was there and we're back to $60k. This is a normal thing for Bitcoin to recover back to $70k but it might take time I am not in a hurry and this is a good thing. The slower that it goes, the one push away is about to trigger anytime soon. Speculations that I have read make sense that we might see a lot of money flowing again that shall push the demand higher by the end of this year. We still have a lot of time for this bull run and people are becoming too impatient because they want it to happen asap. Looking out at the start of this year, you'd say that BTC is doing pretty good.

[skarais]

The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

$65k was resistance I expected to break during mid-August, but the market has not shown much of a recovery after surpassing $62k. Today's price corrected again to $58k, but I believe this is only a short-term correction at the end of the week and will test $60k and above again at the beginning of the week.

So far I'm not worried about anything other than just worrying about not accumulating when I have the opportunity. The opportunity for accumulation was wide open during the correction, but budget requirements for other needs meant that I failed to take advantage of it. At the end of the month, I expect $70k to be tested again.

[mirakal]

I don't see any possibility bitcoin hitting back 70k benchmark in this month of August although it's not certain that my statement are entirely true but from my speculation I don't see it coming that easily judging from the beginning of this month we have been seeing many downtrend in Bitcoin. Thus, it's only news that would give bitcoin such lift in price since I had from someone that Russia legalized mining but I don't have any confirmation to that yet maybe this could be what made bitcoin gained that fast recovery from the previous 52k to 62k. As we know news is the career of price in the market and immediately every other crypto currency coin follows immediately.

It’s actually possible but there is higher probability that bitcoin price will experience another price decline within this month. And I don’t see it any surprising because judging by the high volatility of bitcoin, it can go up instantly but it can also go down when we least expect it. For now, I’ve learned to just accept that bitcoin price is really unpredictable. But I’m also not losing hope that at the middle of this month, we will see price reversal and chances are, it could even go up straight with slight price fluctuations.

[Odusko]

I don't see any possibility bitcoin hitting back 70k benchmark in this month of August although it's not certain that my statement are entirely true but from my speculation I don't see it coming that easily judging from the beginning of this month we have been seeing many downtrend in Bitcoin. Thus, it's only news that would give bitcoin such lift in price since I had from someone that Russia legalized mining but I don't have any confirmation to that yet maybe this could be what made bitcoin gained that fast recovery from the previous 52k to 62k. As we know news is the career of price in the market and immediately every other crypto currency coin follows immediately.

It’s actually possible but there is higher probability that bitcoin price will experience another price decline within this month. And I don’t see it any surprising because judging by the high volatility of bitcoin, it can go up instantly but it can also go down when we least expect it. For now, I’ve learned to just accept that bitcoin price is really unpredictable. But I’m also not losing hope that at the middle of this month, we will see price reversal and chances are, it could even go up straight with slight price fluctuations.

We are all just speculating the possible bitcoin price in the now and the near time to come, and what Will happen in the next minute to come we can say since bitcoin is a volitile asset's that it price is mostly unpredictable and at such we all can just do guess work and nothing more, right now, the month is far spent and we are almost heading to the half of the month and yet that haven't been any significant improvement in the price of bitcoin, bit that also, that can not outrightly override the possibility to see a 70k prices in the bitcoin market anytime before the month end although I am not saying that this is a guarantee but just possibility.

[stomachgrowls]

I don't see any possibility bitcoin hitting back 70k benchmark in this month of August although it's not certain that my statement are entirely true but from my speculation I don't see it coming that easily judging from the beginning of this month we have been seeing many downtrend in Bitcoin. Thus, it's only news that would give bitcoin such lift in price since I had from someone that Russia legalized mining but I don't have any confirmation to that yet maybe this could be what made bitcoin gained that fast recovery from the previous 52k to 62k. As we know news is the career of price in the market and immediately every other crypto currency coin follows immediately.

It’s actually possible but there is higher probability that bitcoin price will experience another price decline within this month. And I don’t see it any surprising because judging by the high volatility of bitcoin, it can go up instantly but it can also go down when we least expect it. For now, I’ve learned to just accept that bitcoin price is really unpredictable. But I’m also not losing hope that at the middle of this month, we will see price reversal and chances are, it could even go up straight with slight price fluctuations.

We are all just speculating the possible bitcoin price in the now and the near time to come, and what Will happen in the next minute to come we can say since bitcoin is a volitile asset's that it price is mostly unpredictable and at such we all can just do guess work and nothing more, right now, the month is far spent and we are almost heading to the half of the month and yet that haven't been any significant improvement in the price of bitcoin, bit that also, that can not outrightly override the possibility to see a 70k prices in the bitcoin market anytime before the month end although I am not saying that this is a guarantee but just possibility.

Its always been like this on which the price would really be only having two movement on which going up or own then it would really be just that normal that whenever the price market dips then it would be ideal to be seen this as an opportunity for you to dca or make some buybacks.People would really be starting on buying up on the time that the market price is recoverying and on the moment that it would be making up some decrease then they would really be finding out to be a bad entry and then later on they do cut losses which is really that an absurd thing to be done not unless if you would really be holding up for long term then it would really be just not an issue but if you are going for short term trades then these kind of decisions would really be something crucial or something that you would really be needing up to consider.

What to think about price recovery? Its really just that an ordinary day here on crypto space.Whereas, price do act like a roller coaster on which you would really be needing up to buy low and sell high
accordingly and this is something that you would really be needing up to do. Although this sounds basic but its never been simple nor easy, thats why majority of us would really be committing
out mistakes of having bad entries and exits but well its just normal. Experience would be the best teacher.

[$weetne$$]

The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

Why are you so interested in what the price is going to be in the first half of August or the month of August, are you planning on selling this month or you just want to discuss the price. If you are thinking of selling, I will ask you to reconsider that option. I do not like it when the focus is always about what the price of Bitcoin is going to be in the near month but I am interested in what the price will be at the end of the bull market which if we are following what happened in other bull market, was should be expecting the highest point of the market to be next year when Bitcoin will get its highest price. Still though I do think we can get pass $70,000 because the market has bounce back stronger and it is just looking for a strong support before it begin to rise again then we can see $70,000.

[skarais]

~~~

Why are you so interested in what the price is going to be in the first half of August or the month of August, are you planning on selling this month or you just want to discuss the price. If you are thinking of selling, I will ask you to reconsider that option. I do not like it when the focus is always about what the price of Bitcoin is going to be in the near month but I am interested in what the price will be at the end of the bull market which if we are following what happened in other bull market, was should be expecting the highest point of the market to be next year when Bitcoin will get its highest price. Still though I do think we can get pass $70,000 because the market has bounce back stronger and it is just looking for a strong support before it begin to rise again then we can see $70,000.

The market is trying to recover, but I'm still getting high selling pressure. As a result, bitcoin is still having difficulty maintaining its price at $62k, and now the price has even fallen to $48k. A few days ago, there was a breath of fresh air regarding recovery, but the market still looks bearish in the near term.

Selling now is certainly not recommended as a wise decision, they should accumulate instead of selling. I don't blame them if they want to sell their bitcoins now, but I don't think this is the right time. Wait longer until the market recovers and they can sell at a higher price than now. The best thing now is to stay calm and continue with the main plan in investing.

[Nrcewker]

The price recovery was pretty fast. I mean not only crypto, but also the stock market did crash in the past week. But bitcoins soon recovered from the 48k USD price mark to 60k USD price. I am sure that many future traders have taken good profits during this time period. The price will now revolve in this recovery zone for many weeks. Hence, if someone hasn’t bought enough Bitcoins, then definitely he can buy some and hold for the long term. I am assuming the next target of Bitcoins will be the 70k USD mark. Let’s see what happens next.

[Mahanton]

~~~

Why are you so interested in what the price is going to be in the first half of August or the month of August, are you planning on selling this month or you just want to discuss the price. If you are thinking of selling, I will ask you to reconsider that option. I do not like it when the focus is always about what the price of Bitcoin is going to be in the near month but I am interested in what the price will be at the end of the bull market which if we are following what happened in other bull market, was should be expecting the highest point of the market to be next year when Bitcoin will get its highest price. Still though I do think we can get pass $70,000 because the market has bounce back stronger and it is just looking for a strong support before it begin to rise again then we can see $70,000.

The market is trying to recover, but I'm still getting high selling pressure. As a result, bitcoin is still having difficulty maintaining its price at $62k, and now the price has even fallen to $48k. A few days ago, there was a breath of fresh air regarding recovery, but the market still looks bearish in the near term.

Selling now is certainly not recommended as a wise decision, they should accumulate instead of selling. I don't blame them if they want to sell their bitcoins now, but I don't think this is the right time. Wait longer until the market recovers and they can sell at a higher price than now. The best thing now is to stay calm and continue with the main plan in investing.

You would really be able to see that it cant really be able to easily break that 62k price point on which this is currently the resistance that we are really that indeed to break. Somehow we are really that moving sideways at the moment on which there are no sentiments or other possible news that would might affect the price movement. Somehow making up some position at the current price isnt really that a bad idea to make some entry.
Recovery when it comes to price then this is something that a normal movement for this market to have. Whenever there would really be those drops then it would be normal that recovery would comes next.
It is really just that there are really just that people who are really that not expecting that movement is really that something that too volatile on a short period of time. Instead of freaking out then it would really be better that you should really be trying out to look for some buyback entry.

Bitcoin would really be that always volatile. There are really just those moments or conditions on which its movement is really just that too volatile on which you cant really be able to handle and if you arent that good when it comes to emotional aspect then you are really that bound on making up some bad decisions and this is why its really that important that self realizations and right approach you would really
be needing on the time that you've seen that you do see those opportunities whether getting out or getting into those price points.