over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?
I guest that it is only a part of its ordinary fluctuation. It can't consider as it's boundary of recovery. Maybe if it's push to much higher rage of 30-40% of it's current value, therefore it may consider as true recovery. But for the min-time, it is good that it's already rising up. We can't predict what would happen for the following days, but I hope that it could reach it's most higher value.
Well it's safe to say that we've already recovered in a way. Looking at how the price plunged at the start of this year, we've gone quite a long way up. I think only those that got in during he hype last december are the ones that still haven't recovered. But with enough patience, eventually we'll get back to that ath probably this year
In a normal plain scenario, I do not see anyone to have suffered the dip as long as they have not sold their bitcoin at loss. The market will definitely recover and from the look of things, it looks like it is on the verge of recovering. There is no doubt that this would eventually happen fully, but we just have to wait for it, and what we are having now are just the usual and normal fluctuations any market can have, so I do not see any need to be worried.
Yeah, there is really no need to be worried no matter what is happening with the market presently. I for one believe that when the time is ripe, the market will get back on its feet and head straight to where it all started dropping from, but there is no need to rush and all we need now is just patience.
Bitcoin so far has not been able to break the 12k resistance and that shows it is not really ready and when it is, it won't be a hard thing to do and moreover, it is one heavy resistance to break anyway.