Post
Topic
Board Speculation
Re: Bitcoin starting to recover
by
fancy2973
on 05/06/2021, 14:13:49 UTC
bitcoin is still holding between $36k to $38k, I don't think it's been said that bitcoin has recovered yet. because it's still under $40k, at least bitcoin should be able to crawl to a price above $40k this week.
current conditions are still considered vague and need a strong push to fully recover from the fall for a few weeks.
There's nothing wrong with assuming Bitcoin hasn't recovered if it hasn't returned to a price above $40k, because everyone has their own opinion.
Indeed, Bitcoin has failed several times to pass the $40k resistance price, this requires good news that can trigger the Bitcoin price. Hopefully this
week there will be a surprise from Bitcoin with the emergence of good news, if there is good news the possibility of Bitcoin rising above $ 40k
could become a reality. While there is no other way, besides we have to be patient waiting for Bitcoin price movements.
My prediction is still btc rise up to 100k$ at the end of year 2021, there is a great posibility that bitcoin will have a high price at the end of the year, because bitcoin has a good start this year. The price is still high and start to rise so i think that was positive sign, dropping and pumping is normal so we need not to worry about it we need to trust and have patience for good.

I like optimistic people, rather than we complain a lot about the current situation, it would be better to think positively like you. There is still a chance
for Bitcoin later this year to reach the price of $100k,  because there are still about 6 months left for Bitcoin to recover and be bullish again.
Hopefully this month at least Bitcoin can return to a price above $40k, we really have to believe in Bitcoin, because the price is going down like this,
happened often. So there is nothing to worry about, we will see more surprises that will be given by Bitcoin, so be patient for now.

I think there is too much drama, way too much drama about the ups and downs of Bitcoin. The veterans here know it anyway. It will happen again in two or three years from now, and again afterwards. It happens with real estate. It happens all the time. What counts is a fundamental judgment. If I believe Bitcoin has good prospects in the future, a price drop shouldn't be too concerning. It can take time as we know from the past but so be it.