Will bitcoin recover? Will BTC go back to $10,000?

[Nikko]

BITCOIN appears to be back on the rise today, as recent charts show a steady increase across most cryptocurrencies. The market is working to recover after the digital token saw a sharp drop among several hacks in South Korea.

Cryptocurrency traders saw a small rise in price today, with bitcoin leading the charge back into positive results. The cryptocurrency market has been recovering from a significant sell-off period that saw prices drop by more than a third in June. Bitcoin has jumped up 0.67 percent to trade at $6,787.78 as of 7.30pm.

Will BTC recover?

Source: https://www.express.co.uk/finance/city/977216/bitcoin-price-news-recover-BTC

[felixesteban]

Yes it wil recover. This is just a cycle, it goes up and down. But it seems it will take time, because terrible news keep coming like hacking issues. Firstly it has to be stopped after that recovering can start.

[sugarchrisp]

I think it's only a matter of time before it recovers.  People who have hundreds of millions of dollars invested aren't going to allow their money to disappear, after all.

[Alcor]

Bitcoin, of course, will recover. Nothing significant has happened. There are still certain manipulations, however soon bitcoin in any case should rise and allow to grow in price altkoinam. The whales have no other way of earning money, as after some time they create conditions for the movement of the crypto currency upwards.

[tyvexsdf]

BITCOIN appears to be back on the rise today, as recent charts show a steady increase across most cryptocurrencies. The market is working to recover after the digital token saw a sharp drop among several hacks in South Korea.

Cryptocurrency traders saw a small rise in price today, with bitcoin leading the charge back into positive results. The cryptocurrency market has been recovering from a significant sell-off period that saw prices drop by more than a third in June. Bitcoin has jumped up 0.67 percent to trade at $6,787.78 as of 7.30pm.

Will BTC recover?

Source: https://www.express.co.uk/finance/city/977216/bitcoin-price-news-recover-BTC [nofollow]

As of this writing BTC is at $6,397.56. I do hope that prices will go up again. Many said that bitcoin is a bubble, bitcoin died 300+ times now. Blockchain technology is here to stay.

[alltalk]

I think it's only a matter of time before it recovers.  People who have hundreds of millions of dollars invested aren't going to allow their money to disappear, after all.

Yes, this is one of strong reasons that Bitcoin will recover. I also agree with that. But maybe the problem is when it can recover with a suitable price value.