What do you think of the current bitcoin price recovery?

[LogitechMouse]

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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?

Right now, Bitcoin is down -5.4% month-to-date, and we still have 2 weeks to see if Bitcoin will end up in green by the end of the month of not.
My expectations? I'm pretty much bullish all year and it's the same for this month. I believe that we will end up in green when we enter the month of September because I believe that Bitcoin will gradually increase in price during the -ber months. Well, that's my expectation, but I'm still ready just in case it will not happen.

Bitcoin to $70,000? If it's this month, I don't think that it will happen unless there will be a catalyst that will push it's price upwards. So far, there isn't any that's why I don't think it will happen. What I believe though is that, Bitcoin will surpass the $70,000 price during the final quarter of the year. As for what happened in the last few weeks, the recovery really is that fast indeed and I didn't expect it because what normally happens is that, the market will go down sharply then it will slowly increase in price. That didn't happen.

Overall, I hope that most here grabbed the opportunity to buy when it went down and sold it for a short term profit.

[Odusko]

--
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?

Right now, Bitcoin is down -5.4% month-to-date, and we still have 2 weeks to see if Bitcoin will end up in green by the end of the month of not.
My expectations? I'm pretty much bullish all year and it's the same for this month. I believe that we will end up in green when we enter the month of September because I believe that Bitcoin will gradually increase in price during the -ber months. Well, that's my expectation, but I'm still ready just in case it will not happen.

Bitcoin to $70,000? If it's this month, I don't think that it will happen unless there will be a catalyst that will push it's price upwards. So far, there isn't any that's why I don't think it will happen. What I believe though is that, Bitcoin will surpass the $70,000 price during the final quarter of the year. As for what happened in the last few weeks, the recovery really is that fast indeed and I didn't expect it because what normally happens is that, the market will go down sharply then it will slowly increase in price. That didn't happen.

Overall, I hope that most here grabbed the opportunity to buy when it went down and sold it for a short term profit.

I was able to convert my few remaining USDT to crab more sats to fill up the bag, since Bitcoin gave us the discount price right now my last bought bitcoins are down with about -2.50% but then I don't care about that since I know very well that the Bitcoin market will definitely rebound and very soon, I will be in gain again, waiting is one of the most important characteristics of any Bitcoin holder's and investors, and no one knows the direction Bitcoin will go, but all together, we are going to remain positive with our total accumulated Bitcoin and having in mind the risk that comes along with Bitcoin investments, we may likely be in the green 💚 zone at the end of the month or not, but regardless we have to keep long term in mind.

[SmartGold01]

I was able to convert my few remaining USDT to crab more sats to fill up the bag, since Bitcoin gave us the discount price right now my last bought bitcoins are down with about -2.50% but then I don't care about that since I know very well that the Bitcoin market will definitely rebound and very soon, I will be in gain again, waiting is one of the most important characteristics of any Bitcoin holder's and investors, and no one knows the direction Bitcoin will go, but all together, we are going to remain positive with our total accumulated Bitcoin and having in mind the risk that comes along with Bitcoin investments, we may likely be in the green 💚 zone at the end of the month or not, but regardless we have to keep long term in mind.

Of course it's always like this people don't know when to utilize the market by accumulating more bitcoin when there seems to be change in market it could be -2% or -5% only this drop when it increases back you make huge profit back especially if you are trading that could be a good take zone because you have entered at the right time waiting for the market to bull.
Again the market doesn't constantly remain in a particular level, meaning it could be green today and red by tomorrow so anyone who understands the market very well can actually accumulated enough bitcoin.

[erep]

I was able to convert my few remaining USDT to crab more sats to fill up the bag, since Bitcoin gave us the discount price right now my last bought bitcoins are down with about -2.50% but then I don't care about that since I know very well that the Bitcoin market will definitely rebound and very soon, I will be in gain again, waiting is one of the most important characteristics of any Bitcoin holder's and investors, and no one knows the direction Bitcoin will go, but all together, we are going to remain positive with our total accumulated Bitcoin and having in mind the risk that comes along with Bitcoin investments, we may likely be in the green 💚 zone at the end of the month or not, but regardless we have to keep long term in mind.

Of course it's always like this people don't know when to utilize the market by accumulating more bitcoin when there seems to be change in market it could be -2% or -5% only this drop when it increases back you make huge profit back especially if you are trading that could be a good take zone because you have entered at the right time waiting for the market to bull.
Again the market doesn't constantly remain in a particular level, meaning it could be green today and red by tomorrow so anyone who understands the market very well can actually accumulated enough bitcoin.

Exactly, we have to be patient in the current zone market conditions because price movements are not convincing for trading purposes, the market touched the price of $56k again at the low correction price a few days ago, but if you accumulate bitcoin for investment purposes then the price will not be affected because you are focused on running DCA strategy, the current market is risky for traders if they do not analyze the market before trading, they should not assume the market will move at the same level every day even though the movement indicates price recovery but cannot be used as the main signal for trading.

[Odusko]

I was able to convert my few remaining USDT to crab more sats to fill up the bag, since Bitcoin gave us the discount price right now my last bought bitcoins are down with about -2.50% but then I don't care about that since I know very well that the Bitcoin market will definitely rebound and very soon, I will be in gain again, waiting is one of the most important characteristics of any Bitcoin holder's and investors, and no one knows the direction Bitcoin will go, but all together, we are going to remain positive with our total accumulated Bitcoin and having in mind the risk that comes along with Bitcoin investments, we may likely be in the green 💚 zone at the end of the month or not, but regardless we have to keep long term in mind.

Of course it's always like this people don't know when to utilize the market by accumulating more bitcoin when there seems to be change in market it could be -2% or -5% only this drop when it increases back you make huge profit back especially if you are trading that could be a good take zone because you have entered at the right time waiting for the market to bull.
Again the market doesn't constantly remain in a particular level, meaning it could be green today and red by tomorrow so anyone who understands the market very well can actually accumulated enough bitcoin.

Error please work on this comment, you post doesn't appear well because of mistakes in the editing process as you quote me above, I will be follow-up to see when you edit and correct that error and I will be waiting to correct whatever needed on my own part, this is a frequent mistakes when quoting and editing post's before you post your own replies.

Bitcoin have mentained a trageteray partten of movement, and for sure no matter what the level of the market dip, it will only take time before the price recover back and possibly surpassing the previous price, this is the volitility in bitcoin, and at most the best part of bitcoin, giving us the chance for a come back each point in time when the unexpected market downtrend happens.

[STT]

As of today BTC price action is still weak but it could develop this last day for the weekly bar into the week open having ended here neutral, into strength.   This isnt a set decline or a determined direction just yet more a failure to proceed positively.

[Republikcoin.com]

Exactly, we have to be patient in the current zone market conditions because price movements are not convincing for trading purposes, the market touched the price of $56k again at the low correction price a few days ago, but if you accumulate bitcoin for investment purposes then the price will not be affected because you are focused on running DCA strategy, the current market is risky for traders if they do not analyze the market before trading, they should not assume the market will move at the same level every day even though the movement indicates price recovery but cannot be used as the main signal for trading.

Bitcoin's price movement day also tends to be slow even though it is quite close to the $60K level, but I also agree more with what you said that with the current market conditions, it is better for traders to focus on buying and not selling it. Because Bitcoin investors also do this by continuing to accumulate through the DCA strategy so it would not be bad if traders also want to follow such steps while waiting for market conditions to improve. And apart from all that, I also don't understand why the Bitcoin price is starting to move slowly and looks a little difficult to increase at this time.

[Odusko]

As of today BTC price action is still weak but it could develop this last day for the weekly bar into the week open having ended here neutral, into strength.   This isnt a set decline or a determined direction just yet more a failure to proceed positively.

Very well Bitcoin market is still struggling to mentain a position around $60k and several attempt to remain above that price have failed in the last 24 hour's which point to the fact that the struggle for the market recovery is still far from being over and unleas we see a market that retain a $61k+ which will become a more stronger resistance position for Bitcoin to mentain the 60k benchmark, but that the moment the chart is not favorable for Bitcoin and the volume sell pressure and that of buy pressure if calculated then you should know that the market will definitely be heading downward more in the new week, although anything can change at anytime and Bitcoin can still decide to surprise all of us with a new price benchmark in the least expected way and time.

[JeffBrad12]

Bitcoin's price movement day also tends to be slow even though it is quite close to the $60K level, but I also agree more with what you said that with the current market conditions, it is better for traders to focus on buying and not selling it. Because Bitcoin investors also do this by continuing to accumulate through the DCA strategy so it would not be bad if traders also want to follow such steps while waiting for market conditions to improve. And apart from all that, I also don't understand why the Bitcoin price is starting to move slowly and looks a little difficult to increase at this time.

market is so uncertain that people hesitate to buy is the answer, since bitcoin already has hisory of touching local bottom, it can reach that again so people are afraid, if the direction that market is taking isn't that clear at all certainly the buying demand will be lower.



that one time where the price just falls below $50k is the culprit that makes people afraid.

[goldkingcoiner]

Friday's dip remains unconvincing to me. Even considering the last few weeks of selling pressure. But we did bounce off a primary support @49K so even if we might see another continuation to this seemingly meager recovery.

[GigaBit]

After falling for several days, the Bitcoin price has once again reached a stable level. Currently the market is running between $58k. But some other exchanges including coin base have seen their buying pressure increase after August 5 among large investors which is definitely a positive aspect. If this buying pressure continues we could see Bitcoin price at 64k or higher by the end of this month. The crypto market has witnessed a major decline due to some mixed signals. In contrast, Ripple's victory in the long-running SEC case once again gives a green signal to the crypto market. Although we have not been able to see any direct positive impact in the market yet, we can expect to see an uptrend in the market soon. Bitcoin price is very likely to be between 64k to 70k in the next few days.

[STT]

that one time where the price just falls below $50k is the culprit that makes people afraid.

The one off price is an upset but it would be gone and left behind if it were not for being in a sequence of prices.   Its the pattern that really makes it dangerous here, since March only in May did we not echo this 50k low in some way.   The previous prices were not as harsh, the March low for example was only 60.8k hardly too bad though it was a fall of 13k in just 5 days

If there is a negative trend and each month its got worse, its something bigger then just 50k so that all points to this latest low and that it might continue again in future.

[dezoel]

that one time where the price just falls below $50k is the culprit that makes people afraid.

The one off price is an upset but it would gone and left behind if it were not for being in a sequence of prices.   Its the pattern that really makes it dangerous here, since March only in May did we not echo this 50k low in some way.   The previous prices were not as harsh, the March low for example was only 60.8k hardly too bad though it was a fall of 13k in just 5 days

If there is a negative trend and each month its got worse, its something bigger then just 50k so that all point to this latest low and that it might continue again in future.

The trick is that it shouldn't fear you but instead it should excite you because that drop was the perfect time to buy and the people who bought there already made like 20%+ profit already, which should show you why it's important to make some profit. I believe that we are going to see some good returns on this if we know what we are doing, and if we buy at the right place at the right time, but if we are not careful then we are going to end up with a bad result and we shouldn't do that.

There isn't really any negative trend, and I do not think that we are going to see lower and lower, we are going to start seeing the bull run soon enough and we just need to keep at investing into this, if we keep doing that then we are going to be fine. We can have big drops at times, that's normal in this market and all we have to do is keep on buying whenever it drops, that way we can do DCA and make a profit quicker later on.

People sleep on DCA but that's literally the best way to make a profit, if you really want to make a profit then you just have to make some money that will be making good enough return without a doubt, you have to actually get a greater result by considering what you can do.

[justdimin]

As of today BTC price action is still weak but it could develop this last day for the weekly bar into the week open having ended here neutral, into strength.   This isnt a set decline or a determined direction just yet more a failure to proceed positively.

I would guess that it will probably have yet again another boring week, usually when there are big movements it becomes boring for a while and that's what we may see in the next week. Doesn't mean that we are going to see bad results or anything like that, it just means that it will not be easy to handle it all. We could probably consider how this could go on, and for that to happen we need to keep on putting a little bit money every time we can, and just watch and see how it goes.

People are expecting something huge for the upcoming period, which isn't wrong I expect it as well but not for the next one or two weeks, that could be something for the next few months instead. I believe that we are going to end up with a great result if only we buy now in the next one or two weeks and sell a few months later. Don't have to sell directly a few months later, just need to make sure that you hold it until the peak and then you would be able to sell it.

[Rol4y]

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 https://www.talkimg.com/images/2024/08/08/5hPSP.png
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?

It's already the 2nd half of August, but the price of 70 is not even close, the bull phase of the market has not yet come, but in my opinion it will all be in the autumn and I expect 70k in October.
imho

[dunfida]

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?

It's already the 2nd half of August, but the price of 70 is not even close, the bull phase of the market has not yet come, but in my opinion it will all be in the autumn and I expect 70k in October.
imho

70k on October or not, we wont really be able to know on whats ahead. Price of bitcoin or its value is really that making up some consolidation and its true that we are really that still moving sideways
and it would really be that hard to guess out on what would really be that next move of the price. We are really that still midway of month of August and here comes September on which its still
been known that the market wont really be that good on this month and here comes that October on which we do pretty sure that everyone is really that waiting up for this month.
Although there's no sure that it would really be that following on the same path just like on the previous cycle but we do know that it might not be the same but it do always rhymes.

This is why if you do really see this condition to be the sweet spot for you to make some entry then better do it rather than on making yourself that be missing out on buying with
these cheaper prices. The thing what surely other people which are waiting is into that possible 40k+ price point or drop or even lower. We arent that still yet
but we cant be able to tell whether it could happen or this would be the last price support before making some moonshot.

[NicNacCoin]

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?

We noticed that a lot of volatility was complete for the entire tie bitcoin market during the month of August. Early August saw a lot of dumping in the Bitcoin market which reached a 2024 low of 49,000. However, even though the market reached $49K, the current market has improved somewhat. At the moment the market is standing at 61 thousand dollars. But I don't think the market will reach $70,000 by this August. Many may have taken advantage of this dumping market. Those who have been able to exploit it are at a bit of a profit right now. However, even if the market is down at the moment, no one should panic about investing, surely the market will grow and it is expected to achieve a good position by 2024.

[sunsilk]

It's already the 2nd half of August, but the price of 70 is not even close, the bull phase of the market has not yet come, but in my opinion it will all be in the autumn and I expect 70k in October.
imho

We are in the bull run and these corrections are normal. If you are new to this market, you'd lose your patience and you only want to see the moving of price positively.

But that's not how it goes for Bitcoin.

And let's wait until autumn or even longer and hope that $70k will be reached again and more than that soon.

[$weetne$$]

People are expecting something huge for the upcoming period, which isn't wrong I expect it as well but not for the next one or two weeks, that could be something for the next few months instead. I believe that we are going to end up with a great result if only we buy now in the next one or two weeks and sell a few months later. Don't have to sell directly a few months later, just need to make sure that you hold it until the peak and then you would be able to sell it.

August is almost over and Bitcoin is still struggling to maintain a stable price above $60,000. All the high hopes that traders had for the month of August is not going to be possible again. To me while looking at the movement of the market, it is looking not possible for Bitcoin to be above $70,000 in August. I know the market can shift at anytime but the more realistic price should not be above $65,000 and selling Bitcoin at that price now is a wrong move when you can wait for a few more months and be capable of selling Bitcoin at $100,000 or above that price because although the market is not looking very good right now but still there is hope that when the bull market comes with all full force, that the price of Bitcoin is going to be trading very high and gets us to a new highest price.

[Questat]

Everything is possible with bitcoin, it can exceeds the price of $70k but it can also move downward dramatically and reach a very low price. With its high volatility, both are very possible with bitcoin. However, what I see in the current market is a constant price decline at a small basis, which is not harmful at all. Probably this is not the right time yet to observe price surging with bitcoin, but eventually in the next months to follow, I have this feeling that bitcoin price will create some progress until we start seeing positive prices of bitcoin again. Patience is a must this time.