What do you think of the current bitcoin price recovery?

[Adbitco]

Right now bitcoin is trading between 58k$ to 60k$ and there will be no huge pump in coming days. We can see dip in Bitcoin’s price, the price will drop to 42k$ and then after 2-3 months and by the start of 2025 we will see a pump and bitcoin can reach its new all time high price. This is just prediction by seeing the market trend and by listening to the analysis on bitcoin.

Well there as we can see we can say there is a little change in the market because price is heading to 64k and I believe before this month crosses to October we might likely see bitcoin creating different price level that could shocked people, although there are still possibilities that we might see it going down lower to it's previous price of 54k thereabouts. Maybe let wait to see the outcome of the US election, probably if Donald Trump emerges as the winner then there is every tendency for bitcoin to hit 100k even before 2025.

[Septex]

Bitcoin has made its recovery very quickly. I also monitored the price of Bitcoin last week when it was worth 57 thousand dollars.  Just a few days later, the price of this bitcoin came close to $64,000.  Based on this data it is easy to say that Bitcoin has recovered very quickly.  It is expected that the price of Bitcoin will go closer to $70,000in the next month. As its popularity and the number of cryptocurrency users are increasing day by day and people are showing more interest in investing in cryptocurrency, it can be said that the price of Bitcoin is going to increase further in the future.

[jostorres]

I think it was expected and not many people are shocked about it, we knew that it would happen this way and it did happen this way, it is not really that crazy complicated situation and I believe that as long as we keep seeing this be the same then I think it is going to be something that will take a while to get better results.

I know that it is going to be something that is taking a while, but that doesn't mean that we are going to see something that will be all that complicated, it is something that will not be all that hard to handle and we can make it work. I know that it is going to be a life that we all need, and I know that it is going to be a hard thing to handle but we are talking about a recovery that we all knew that would happen and yet some people unfortunately still didn't trusted that it would happen so we ended up with a lot of people who didn't made any money from this at all, some even lost money on this because they sold lower thinking it would go even lower.

[martinex]

I know that it is going to be something that is taking a while, but that doesn't mean that we are going to see something that will be all that complicated, it is something that will not be all that hard to handle and we can make it work. I know that it is going to be a life that we all need, and I know that it is going to be a hard thing to handle but we are talking about a recovery that we all knew that would happen and yet some people unfortunately still didn't trusted that it would happen so we ended up with a lot of people who didn't made any money from this at all, some even lost money on this because they sold lower thinking it would go even lower.

In the past price decline, especially weak holders were happy to sell assets such as BTC, but if he was a true holder, such conditions would be responded to casually and would even try to find other funds to be able to increase his asset ownership.

Well. regarding the price reversal in the past few days, of course it is not a coincidence and it came along with the issue of interest rate cuts which were welcomed by all market players including the crypto market and everything went up if we pay attention. Especially for BTC, I think the public will continue to follow its price developments until the end of this year.

[LUCKMCFLY]

There is more confidence and that is good, at least I see this coming month of October with a very good omen, and this is good because for me November will be very uncertain and it is the month that will give that appetizer to the good or bad that can happen, because it is time for the elections, I sincerely hope that it does not affect the market negatively whatever the result, I want the price to follow its course and its trend that in the long term looks bullish, as long as things go normally I am happy, but we have to wait and see, this month for me will be excellent for BTC, 30 days where we will see good bullish impulses in my opinion.+

[Akbarkoe]

There is more confidence and that is good, at least I see this coming month of October with a very good omen, and this is good because for me November will be very uncertain and it is the month that will give that appetizer to the good or bad that can happen, because it is time for the elections, I sincerely hope that it does not affect the market negatively whatever the result, I want the price to follow its course and its trend that in the long term looks bullish, as long as things go normally I am happy, but we have to wait and see, this month for me will be excellent for BTC, 30 days where we will see good bullish impulses in my opinion.+

We are still under friends and we are new at the light blue level, from the cycle that should have continued growth and we will witness how bitcoin forms a new history in the world and makes more peoples aware of the power of Bitcoin, this data should provide confidence to us All because Bitcoin will start things that every 4 years.

Good news will arrive in the future and it will give Bitcoin to continue to experience growth, the US elections will start and the two candidates will not press Bitcoin, if I don't forget that both also support Bitcoin in the US.
Source

[Woodie]

I think so far we have done well from moving from the deepend of 5Xk  price to bounce back into the 60s, though from a closer look on the charts..this kind of movements shows that bitcoin price is actually ranging which is a strategy institutions use to generate liquidity using the trap in an effort to buy cheap coins from weak hands, which also means from here price might go up or sweep those pending orders .

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?

August passed and we didn't see price break $70k, September is here and price still hasn't broken this price which clearly shows we are ranging like I said... but for some reason price seems to have lost its momentum dropping from the 65K back to 64k just hope it doesn't drop further.

[STT]

Current recovery is still a recovery first of all, it remains intact and recent performance has been good encouragement we might yet see better.    Improvements to the available BTC price range should occur at some point but its best to avoid guessing when too soon.

Easiest point to judge the current BTC price action on would be the nearest indicator which is the 200 day average.  Just today we have challenged this measure and resolved higher, the 200DMA is not support or resistance of any kind but does give a fair indication to sentiment and momentum within the price.  We are still rising in this respect and BTC staying above the average does reflect a positive appreciation however slow that has been over this year it is still ongoing.   Eventually, I expect pressure higher to amount to a far more noticeable break upwards.

[NicNacCoin]

Bitcoin has made its recovery very quickly. I also monitored the price of Bitcoin last week when it was worth 57 thousand dollars.  Just a few days later, the price of this bitcoin came close to $64,000.  Based on this data it is easy to say that Bitcoin has recovered very quickly.  It is expected that the price of Bitcoin will go closer to $70,000in the next month. As its popularity and the number of cryptocurrency users are increasing day by day and people are showing more interest in investing in cryptocurrency, it can be said that the price of Bitcoin is going to increase further in the future.

Yes Bitcoin is heading for a very fast recovery.  We saw Bitcoin overtake $66,000 two days ago.  But we can expect something more positive for Bitcoin this October.  Today is the month of October we can see from the reports of past days that Bitcoin has started to increase since the month of October.  But I guess Bitcoin will recover very soon and stay between $80k and $100k by 2024.

[EarnOnVictor]

Bitcoin has made its recovery very quickly. I also monitored the price of Bitcoin last week when it was worth 57 thousand dollars.  Just a few days later, the price of this bitcoin came close to $64,000.  Based on this data it is easy to say that Bitcoin has recovered very quickly.  It is expected that the price of Bitcoin will go closer to $70,000in the next month. As its popularity and the number of cryptocurrency users are increasing day by day and people are showing more interest in investing in cryptocurrency, it can be said that the price of Bitcoin is going to increase further in the future.

Yes Bitcoin is heading for a very fast recovery.  We saw Bitcoin overtake $66,000 two days ago.  But we can expect something more positive for Bitcoin this October.  Today is the month of October we can see from the reports of past days that Bitcoin has started to increase since the month of October.  But I guess Bitcoin will recover very soon and stay between $80k and $100k by 2024.

I still see Bitcoin making a rollercoaster ride, no good analysts will be so confident that it will continue to rise, you have to learn from the immediate past behaviours. If you check the weekly chart, you will realise that it is moving in a Zig-zag pattern that didn't often reach its highs again. If this could prove to be true, then Bitcoin might be ready for another fall in October. I'm afraid this might persist unless a viable breach of the ATH happened. Being above $62,160 (Trendmagic support) will try its best to resist but the market pattern is always stronger and respected by markets.

[LUCKMCFLY]

We are still under friends and we are new at the light blue level, from the cycle that should have continued growth and we will witness how bitcoin forms a new history in the world and makes more peoples aware of the power of Bitcoin, this data should provide confidence to us All because Bitcoin will start things that every 4 years.

Good news will arrive in the future and it will give Bitcoin to continue to experience growth, the US elections will start and the two candidates will not press Bitcoin, if I don't forget that both also support Bitcoin in the US.
Source

For me the key will be in the elections whether Trump wins or not since we all know that he is very pro-bitcoin and was going to implement that BTC is legal and that is something that could greatly influence the December season of this year, it could happen that this December we see a big increase in the price of BTC, maybe why not? a new ATH that has been so long awaited by many people today? Since the Halving arrived, many of us have been left wanting, or as they say in my country: "They left the bride dressed and upset", in view of world events it is time to see a good price for BTC, it would be great, in your analysis of the chart I like how you focus it, at the lowest threshold with the option to jump up.

[GeorgeJohn]

Theirs nothing surprise about bitcoin recovering its price, in normal circumstances bitcoin price never be stable and for the price been unstable that's what makes bitcoin to be valuable today and also being a risk kind of investment, bitcoin price always fluctuates and nobody can predict bitcoin or regulates its price

So falling of the price of bitcoin can corrections of the market but new investors don't know about it such way, so we need to know such, as bitcoin investors you may purchase bitcoin at low price range of fifty five thousand or fifty two thousand and getting tomorrow you see the price between the range of eighty to eighty five thousand, so bitcoin price is unpredictable from my perspective.

[STT]

Recovery is stalled for the moment, wait till next year.  I dont see the current price action describes the required momentum to break through all the levels of ceiling overhead.    I think 2024 can end very positively in the 70k range of prices possibly but its equally possible we drift around and a price of 60k or 50k levels occurs too.

   None of these price scenarios is that negative or positive enough to expect much higher just yet.

[Lanatsa]

Recovery is stalled for the moment, wait till next year.  I dont see the current price action describes the required momentum to break through all the levels of ceiling overhead.    I think 2024 can end very positively in the 70k range of prices possibly but its equally possible we drift around and a price of 60k or 50k levels occurs too.

   None of these price scenarios is that negative or positive enough to expect much higher just yet.

Expect on whatever the number would be on which we know that there's no way that we could really be able to learn on how things might end up or really that heading up on that way. It will really be that recommended that you should really be that making back up plans on the time or moment that it will really be going opposite on what you had anticipated. Market is volatile and unpredictable and there's always that high chance that you will really be able to find yourself getting disappointed or getting pissed just because on the strategy that you have done isnt something that will really be that effective.
On the time or moment that you do deal up with this space, then it will really be that recommended that you should really know at least on what you are really that dealing into it.
Act accordingly and made out yourself on such reality and face it up on whatever on what you have observed out.

[JeffBrad12]

I still see Bitcoin making a rollercoaster ride, no good analysts will be so confident that it will continue to rise, you have to learn from the immediate past behaviours. If you check the weekly chart, you will realise that it is moving in a Zig-zag pattern that didn't often reach its highs again. If this could prove to be true, then Bitcoin might be ready for another fall in October. I'm afraid this might persist unless a viable breach of the ATH happened. Being above $62,160 (Trendmagic support) will try its best to resist but the market pattern is always stronger and respected by markets.

maybe if bitcoin closes above $63k for the weekly candle it can still go up again to the level of $65k, buying pressure still strong around the $60k, bitcoin keep retesting that price mark and always bounced back, for the people who apparently did swing trade around the resistance they've been making good money.

one thing that need to be monitored though, the geopolitical turmoil, apparently, geopolitcal turmoil has been such a massive influence that on the slightest shake bitcoin already dumps, maybe because people aren't used to holding bitcoin in difficult time and thinks that gold is their only way to escape over inflation.

[LUCKMCFLY]

Recovery is stalled for the moment, wait till next year.  I dont see the current price action describes the required momentum to break through all the levels of ceiling overhead.    I think 2024 can end very positively in the 70k range of prices possibly but its equally possible we drift around and a price of 60k or 50k levels occurs too.

   None of these price scenarios is that negative or positive enough to expect much higher just yet.

I agree with you, we could almost be talking about a lateral market in this price range, however I hope that by this December the price will go up, and that is a fact if things go well and nothing bad happens, the bells of war can also omen a good bullish trend for BTC, we have to hope, really we would be a little irresponsible to say that the price will go up or down knowing that there is so much at stake at a global level, elections are approaching in the USA, and apart from everything, anything with the conflicts between Israel and Hezbollah will end, we have to wait and see.

[AirtelBuzz]

Bitcoin has made its recovery very quickly. I also monitored the price of Bitcoin last week when it was worth 57 thousand dollars.  Just a few days later, the price of this bitcoin came close to $64,000.  Based on this data it is easy to say that Bitcoin has recovered very quickly.  It is expected that the price of Bitcoin will go closer to $70,000in the next month. As its popularity and the number of cryptocurrency users are increasing day by day and people are showing more interest in investing in cryptocurrency, it can be said that the price of Bitcoin is going to increase further in the future.

Yes Bitcoin is heading for a very fast recovery.  We saw Bitcoin overtake $66,000 two days ago.  But we can expect something more positive for Bitcoin this October.  Today is the month of October we can see from the reports of past days that Bitcoin has started to increase since the month of October.  But I guess Bitcoin will recover very soon and stay between $80k and $100k by 2024.

Bitcoin recovery is on hold for now. Seeing Bitcoin's upward trend towards the end of September, many of us predicted that October would be positively bullish this year compared to other years. But according to the current market conditions, the market is in a bearish position. Many blame the market's downward spiral on the growing political crisis in the Middle East.

But I guess Bitcoin will recover very soon and stay between $80k and $100k by 2024.

Under normal circumstances, the price of Bitcoin is never stable and fluctuates constantly. The behavior we have seen in the Bitcoin market over the past week may seem like it will be challenging for Bitcoin to make a new ATH (All Time High) by 2024, i.e. its price between $80k and $100k. According to today's market, the price of Bitcoin is $61946 dollars, currently the market is increasing at one time and decreasing at one time, that is as much as it is increasing, it is decreasing.

[Republikcoin.com]

Yes Bitcoin is heading for a very fast recovery.  We saw Bitcoin overtake $66,000 two days ago.  But we can expect something more positive for Bitcoin this October.  Today is the month of October we can see from the reports of past days that Bitcoin has started to increase since the month of October.  But I guess Bitcoin will recover very soon and stay between $80k and $100k by 2024.

Five days after you said that for Bitcoin, it is now back to $62K again and even less than that price because of another price correction at the beginning of this month. I think everyone should not expect to see Bitcoin price at $100K by the end of this year because in the remaining few months Bitcoin still has to surpass the ATH level that was achieved this year which is past $73K so expecting to see the price level at $80K I think is still much more logical than a price that is much higher than that level for this year.

[JeffBrad12]

Bitcoin recovery is on hold for now. Seeing Bitcoin's upward trend towards the end of September, many of us predicted that October would be positively bullish this year compared to other years. But according to the current market conditions, the market is in a bearish position. Many blame the market's downward spiral on the growing political crisis in the Middle East.

Even without geopolitical aspect, i already expected retracement from going up so high due to the rate cut, after all every sudden and high surge always followed by a retracement but at the very least the dumping was not so great, price bounced greatly around $60k because people still feeling bullish I guess and don't really feel like dumping their BTC despite the problems arise.

still, I wonder if BTC could reach $70k again this time around, one thing I know, if the october sentiment is great, since people are calling out october to be the month of bullish for BTC. we can still pretty much go up again, although there's also possibility BTC tapping liquidity around $58k and then finally bounce back to $70k level, right now chart feels like it's short squeezing the market.

[STT]

The current highs for the last few days are the average volume weighted price from the ATH made prior this year.  Above this measure the majority of people who traded this year will be in profit and we can infer alot of positive momentum from that gain and positive light.

Should we find this area as resistance it will take yet more time to recover from this selling.   The lowest prices do seem to indicate an undercurrent of positive action is under way and will eventually lead to prices in the 70k range instead of hanging here in the 60k's.