Bitcoin Recovery

[Mahindra]

Bitcoin price recovered a lot a few days ago but now the situation is much worse due to dumping of cryptocurrency market again. Currently, the situation in the cryptocurrency markets has become very dire. At present, the value of all coins has dropped drastically. But what I think is that again the cryptocurrency market will pump up a lot like before.

[UNIVERSE]

Although I believe that BTC will recover to $60k and more, I still don't know when it will happen. Some predictions said that it may be at the end of this year or at quarter 4. However, we still are not sure about this because today, indicator charting will not work because the whales and also people spreading FUD are stronger.

[mlawson71]

I really doubt that will happen any time soon with the news that are coming from China. The industry there will be permanently crippled.

[Freemind]

I really doubt that will happen any time soon with the news that are coming from China. The industry there will be permanently crippled.

I think maybe we can see a recovery sooner than we expect. Some of China's largest mining pools are already moving their machines to other countries to continue mining as soon as possible. And I think this is good news for two reasons, because China will no longer have 65% of Bitcoin's hashrate and because it will soon be mined like before.

[jhm]

Very hard to make any suggestions here, a longer term view is advised in just about any case. Following price over such short lengths like a year is just gambling ...10 years is easier

[CryptoStar19]

Very hard to make any suggestions here, a longer term view is advised in just about any case. Following price over such short lengths like a year is just gambling ...10 years is easier

And it's over the longer horizon that bitcoin (and perhaps some of the altcoins with good fundamentals) is clearly a sure bet. In the short-term anything could happen.

[hasyurt]

It is not clear whether the rise is real or fake. For now, 35k has been born, but will it continue or will it be withdrawn from here again? If it continues and goes above 42k, good days may come again for alt coins.

[Bobcrypto]

I think that btc will always fluctuate, and one of the reasons is because very many Bitcoin enthusiasts, participants investors/trader has a price plans for either to saling/buying targets. As many persons are panic buying, many are also panic selling in a slightest market prices open opportunity.
Price will always recovers after the dip at certain time but will also slid back as some people decides to saling.

[Power420]

Now the current bitcoin price is 32 thousand dollars.  Bitcoin prices are lower than in the past. Bitcoin prices are more likely to rise in the future.  When the price of Bitcoin must be.

[pelana vreo]

There are many theories about why the price of Bitcoin will go up, namely the Bitcoin Halving.
But from the other side when Bitcoin miners get bad treatment from the government then it will also affect the price of BTC, with the limited number of Bitcoins currently, the price of $100k is very likely to be achieved seeing in 2023 Bitcoin will halving and before that happens the price will go up and today it is good to buy Bitcoin before the price goes up.

*Not investment advice

[sacrotic]

Chance to grow up bigger than before always there but how btc recover customer trust is the real problem. As techinical method, 30k is double top bottom it means we can buy back. Market only need positive sentiment specially from famous people, keep watch market news lets hope will happen, soon.

[Herry]

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?

I don't think the price of Bitcoin will hit 100k by 2021. Even a few weeks ago the price of Bitcoin started to rise and crossed 40,000$. Everyone thought that maybe the price of Bitcoin would touch  60,000$ again But a current market analysis suggests that the price of Bitcoin will not recover by 2021.However, we are optimistic that the price of Bitcoin will exceed 60,000$.

[xeroz]

But a current market analysis suggests that the price of Bitcoin will not recover by 2021

What do you mean? Does it mean you think will be no bullish anymore in the next few months? I don't think the current market situation reflects the beginning of bearish. There are still many people who are active in buy-sell Bitcoin and there is some positive news appearing. This is the sign that crypto market has the chance to recover. And this also means if Bitcoin can have a chance to increase again.

[Tamsialu$$]

At this point we can see that the price of Bitcoin is fluctuating between $30k and $35k all the time. The cryptocurrency now shows that every investor is talking about posting Bitcoin, but the price of Bitcoin is not rising. Even then, it is expected that the price of Bitcoin will surpass the previous record by 2021, and the Bitcoin price will exceed $100k by 2021.

[Prime]

Although I am still pessimistic, I also believe that BTC price will come up again to a higher price after this dip fall. SO far, we have seen how to struggle Bitcoin to always break the higher resistance again and again but in fact, it is falling again. Hopefully, the price can go up after August.