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Poll

Recovery for the BTC price ($60k) is possible or not?

Yes
6 (100%)
No
0 (0%)

Total Members Voted: 6

Voting closed: June 11, 2021, 04:40:21 AM

Author Topic: Bitcoin Recovery  (Read 4582 times)

Offline msz900

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Bitcoin Recovery
« on: June 04, 2021, 04:40:21 AM »
As the Bitcoin is almost down to half and the price is flaucating very fast and almost the gap is $5k - $8k on daily routine, so will the BTC recover to the $60k and reach the $100k in 2021 or there is no chance for it?
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Bitcoin Recovery
« on: June 04, 2021, 04:40:21 AM »

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Offline Dark Knight

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Re: Bitcoin Recovery
« Reply #1 on: June 04, 2021, 11:31:32 AM »
I fully believe that the price of Bitcoin will increase more than ever before.Because this is what will happen in the cryptocurrency market.The cryptocurrency market will fluctuate but this is its feature.In cryptocurrency the price of all coins has risen the most in 2021 compared to other years.I think the price of Bitcoin will be 70,000$ this year.

Offline Centus

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Re: Bitcoin Recovery
« Reply #2 on: June 04, 2021, 11:38:46 AM »
Currently the condition of the cryptocurrency market has deteriorated. The cryptocurrency market will change a lot. However, if the price of Bitcoin increases, the price of all other coins will increase. The improvement and deterioration of the market conditions depend a lot on Bitcoin. The value of all coins increases when the amount of total assets increases. Financial transactions are much more organized in the digital ecosystem. So Bitcoin has a tendency to return to its previous state again and again. I don't think that's possible anytime soon.
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Offline trauchot

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Re: Bitcoin Recovery
« Reply #3 on: June 04, 2021, 01:08:41 PM »
In the future, bitcoin will easily reach the 100k$ mark and even more, but this year it is not yet clear what will happen with the bitcoin price and the cryptocurrency market, since another dump of the cryptocurrency market is possible or perhaps another growth of the cryptocurrency market will begin, so for now we can just guess and wait.
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Offline mlawson71

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Re: Bitcoin Recovery
« Reply #4 on: June 04, 2021, 02:37:33 PM »
If it has happened once it can happen again, but how and when is another matter altogether, I believe.

Offline Herry

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Re: Bitcoin Recovery
« Reply #5 on: June 04, 2021, 06:11:45 PM »
I can't say for sure. That bitcoin will hit one million dollars by 2021 by recovering its previous price Because the price of bitcoin is constantly being dumped However, I believe that the price of Bitcoin will recover just by waiting for time I think Bitcoin is the heart of all cryptocurrencies. As its price rises, so does the price of all other currencies. And that is why the price of Bitcoin will increase
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Offline robert20

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Re: Bitcoin Recovery
« Reply #6 on: June 05, 2021, 08:13:49 PM »
I am very much confused about the correct answer of this question. Crpto market is very volatile and there is too much fuds and manipulation in the market. It is veyr hard to say where the market is going to go after this. We can still expect something good from btc. There is still a high chance of seeing some bullish movement.
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Re: Bitcoin Recovery
« Reply #6 on: June 05, 2021, 08:13:49 PM »


Offline Sumaiya2

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Re: Bitcoin Recovery
« Reply #7 on: June 05, 2021, 08:16:40 PM »
If someone bought Bitcoin at a higher price, he must have suffered a huge loss.  Because the price of Bitcoin has dropped drastically, investors have suffered huge losses.  But there is no reason to worry because of course the price of Bitcoin may go back up again.  Bitcoin prices are more likely to rise so Bitcoin must recover.
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Offline Papa Bear

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Re: Bitcoin Recovery
« Reply #8 on: June 07, 2021, 02:04:40 PM »
As the Bitcoin is almost down to half and the price is flaucating very fast and almost the gap is $5k - $8k on daily routine, so will the BTC recover to the $60k and reach the $100k in 2021 or there is no chance for it?

Currently the situation of the cryptocurrency marketplace has deteriorated. The cryptocurrency marketplace will extrude lots. However, if the price of Bitcoin will increase, the price of all different coin also will increase. The development and deterioration of the marketplace situations rely plenty on Bitcoin. The price of all coins will increase while the quantity of overall market will increase. Financial transactions are a whole lot extra prepared within side the virtual ecosystem. So Bitcoin has a bent to go back to its preceding situation again. I do not assume it really is viable soon.

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Re: Bitcoin Recovery
« Reply #9 on: June 07, 2021, 09:30:36 PM »
Market has changed negatively for the past 30 days and I just wish it bounce back. Obviously there has been several negative speculations and news plus several unnecessary tweets from individuals and counties. This has in one way or the other negatively affected the crypto market. I think it may take little while for the market to reclaim the bull trends.

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Offline alltalk

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Re: Bitcoin Recovery
« Reply #10 on: June 07, 2021, 11:58:21 PM »
Actually, it is a dillema. If we see the chart cycle of the bullish time, there should be not the end of the Bitcoin era to make another ATH again in this bullish season. However, right now, the price is still under $40k/. It may be hard to rise up again and needs more times to increse. But personally, I still believe that BTC can still touch more than $60k at least at the end of this year or bullish season.
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Re: Bitcoin Recovery
« Reply #11 on: June 08, 2021, 03:20:18 AM »
I can't say what will happen to other cryptocurrency coins but I can say that Bitcoin is going to recover very soon. Because all cryptomarkets depend on bitcoin. If the Bitcoin market is not normal, the cryptocurrency will never be able to return to normal. So I think the value of bitcoin will definitely recover.
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Re: Bitcoin Recovery
« Reply #12 on: June 09, 2021, 01:35:59 PM »
If the situation in the global economy deteriorates and leads to a fall in stock markets, then the demand for the dollar will grow, which has a negative correlation with BTC, i.e. if USD rises, BTC falls. But I hope this does not happen.

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Re: Bitcoin Recovery
« Reply #13 on: June 14, 2021, 04:01:06 PM »
If the situation in the global economy deteriorates and leads to a fall in stock markets, then the demand for the dollar will grow, which has a negative correlation with BTC, i.e. if USD rises, BTC falls. But I hope this does not happen.
I don't see a direct correlation between USD and bitcoin, because it has its own share, if it's shares it might happen because the company still needs USD as a means of payment which is a must-have because USD is for international payments.
but whether the USD has a direct impact on bitcoin I still doubt because there is clearly no direct relationship that exists between USD and bitcoin. bitcoin can be affected and move up or down, because of market demand not because of the movement of the USD.

In fact, bitcoin is more affected by news from social media that is directly related to the behavior of investors both holding and trading bitcoins, because of excessive fear so that prices cannot be controlled.
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Offline Chita76

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Re: Bitcoin Recovery
« Reply #14 on: June 14, 2021, 06:07:50 PM »
When the price of Bitcoin was 60,000 dollar, the investor who held it suffered the most.  Because the current price of Bitcoin is 40 thousand dollars.  Bitcoin prices are rising, but Bitcoin prices are more likely to recover.  Of course, the price of Bitcoin will recover because it is more likely to double than before.
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