$30000 is becoming the resistant price - page 2.

peter0425

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Quote from: Oshosondy on July 18, 2023, 05:53:35 AM

Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

sadly , it is the barricade and indeed we did not see it crossed that price till now and have a sudden fall badly.

Quote

This looks more like bitcoin may decrease more? That is what it seems to me if bitcoin can go below $29200.

What do you about this?

and that had happened mate, because yes we even fall down to 25k and still falling , it is a bad sign for August but we can see it growing in the coming months.

RikandMorty1

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It looks like the Evergrande thingy is going to set us back months. We are probably stuck in this 25k/28k region for a good while now

GxSTxV

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Bitcoin over this month did really create a resistance on $30000 level. Simply with the monthly chart we can observe that high in that level once it get there from few hours and maximum a day it falls down for lower levels. I must say that it’s really hard to break this resistance any time soon unless we get a really good news that will change this situation other than that it really needs time to build a strong support to break that high resistance level.

STT

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Its already gone up from the low, we hit a similar price now to the June low. What could be bearish if we didnt repeat upwards but for now we just repeated the top and bottom of the range. Many had hoped for more of a positive trend to hold hence 30k becomes old news and maybe support instead its remained as it was despite that bit of good news the wider market doesnt care especially for now and wants to test the selling prices.
On some time frame or another its always repeating itself, we have to decide when the repeat is better then previous. This time the low was a bit higher then last, some people sold the higher prices and put their buys in that point probably. We can assume thats bullish to register low but as a higher low, but to me I would guess its far too slight. Instead I fear that low is further repeated, instead of a reflex we slam into it and more strength is tested beyond just the speculators playing ping pong games on the order books for us all to observe.

erep

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Quote from: Kemarit on August 20, 2023, 06:28:45 AM

^ Bitcoin goes down to $25,000 in the last 2 days or so, and so it looks like we are in the bearish phase and it seems everything now has been invalidated unless we get back to $26,500 and see how it goes.
And so it's a mix signal right now, and most likely eventhough we are in the buy region, no one is biting because there are indicators that we might go down again to lows of $25,000 as liquidations might come at the start of the week, or there could be a potential bounce back to $28,000. Hoping for the best though at the start of a new week.

If the next week the price bounces to the 26-27k area, then the impact of the price recovery will recover significantly to reach a price of 30k again, but we won't know when the panic selling will stop because the liquidation of the SpaceX bitcoin selling issue is still affecting the market. I hope that holders or traders must control themselves in responding to issues that affect the market for the short term but must wisely analyze the market for the long term before the bullish period.

I'm sure the market will recover quickly because the news about each company's bitcoin asset ownership will not be 5-10% higher than supply, so any news regarding the sale of bitcoin assets from companies will only affect the market in the short term.

Kemarit

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^ Bitcoin goes down to $25,000 in the last 2 days or so, and so it looks like we are in the bearish phase and it seems everything now has been invalidated unless we get back to $26,500 and see how it goes.
And so it's a mix signal right now, and most likely eventhough we are in the buy region, no one is biting because there are indicators that we might go down again to lows of $25,000 as liquidations might come at the start of the week, or there could be a potential bounce back to $28,000. Hoping for the best though at the start of a new week.

Oshosondy

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I hope people can see now that $30000 is becoming the resistant price.

Bitcoin dropped below $28000 today which is indicating bearish market. Let us see what would happen, but I am still bearish until bitcoin got below $26500.

I may be wrong, but this is my guess for now.

fzkto

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Quote from: Rupok on August 16, 2023, 08:56:10 AM

We have seen Bitcoin hovering around 30k for a long time. I predict Bitcoin price movement will have a positive impact on the market. For several more months, Bitcoin will probably rise within this price range. The market is now in the end of the bear season, as we can see from the Bitcoin price change signal. We may not have to wait much longer for we may reach the bull market very soon.Those who are waiting for Bitcoin to drop to $27k are probably disappointed, I think they still have time to buy and hold Bitcoin.

It's hard to say about the end of the bear season because most altcoins are constantly falling and it's unclear when it will end. If we talk about bitcoin separately, it is likely that the bear market was over for it at the beginning of this year. Bitcoin has been on the rise for seven months now. But until 30k turns into support it is hard to talk about further growth.

uswa56

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Quote from: CageMabok on August 11, 2023, 05:25:59 AM

Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

If the CPI can provide good news and can also make better price changes this month, it can also have an impact on the price of Bitcoin. I think CPI will become more popular this year, because until now there hasn't been such a significant price change in Bitcoin, especially price changes for more increases so most people still hope for lots of positive news so that it can affect the price of Bitcoin more quickly in the market, especially news that concerns the crypto space or that can have an impact on the crypto space.

It was very influential indeed but if we look at the movement of Bitcoin throughout this year we've been on a significant increase and then hold for a long time at a price close to 30k, I don't see us going any further than that, regardless of what that affects in the future no one knows for sure whether it's about positive news or otherwise that will affect the magnitude of the price movement of Bitcoin or others.

Rupok

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We have seen Bitcoin hovering around 30k for a long time. I predict Bitcoin price movement will have a positive impact on the market. For several more months, Bitcoin will probably rise within this price range. The market is now in the end of the bear season, as we can see from the Bitcoin price change signal. We may not have to wait much longer for we may reach the bull market very soon.Those who are waiting for Bitcoin to drop to $27k are probably disappointed, I think they still have time to buy and hold Bitcoin.

Lanatsa

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Quote from: salad daging on August 13, 2023, 09:18:34 AM

Quote from: Nrcewker on August 13, 2023, 09:01:56 AM

35k is really far to be honest. If Bitcoins manages to cross 30k usd also, then many people will become happy. Yes we should treat this resistance price as an opportunity to accumulate as many Bitcoins as we can. As next year it is expected that Bitcoins will break the Ath price. So if we start accumulating from right now at current price, then definitely we will make tons of profits in the coming year. Bitcoins will start to give signal about the rise from early October this year. So not expecting any big price change currently.

Happy in what when bitcoin touches $30k will they sell? I don't think so, it may be the limit of their resistance to bitcoin and further expect accumulation.
No, I do not treat resistance as buying bitcoin in the sense that the price is still below $50K while we ourselves are still convinced of its high price increase then continue to accumulate in any way including the simplest DCA.
Not sure October is any signal in the know from now on, I know that's your analysis but I'm not really thinking about it for the coming month.

For those people who had bought on 32k as far as i remember and now seeing the price is playing around 29k and failed up on breaking that 30k point are the ones who are really that waiting for price recovery
but in overall which we do know that price could neither be breaking those resistances or would really be moving sideways for a period of time. We are now on a situation where it is really hard to tell on where the
price would eventually be going.It doesnt really give out that huge hint or patterns whether it would be going up or down. We dont have any fundamentals or news around on which it would really be that so hard to
assume out on where prices could eventually be ending up. For now its not that bad to place yourself on the current price just like on what others said but of course as long you arent that get involved into futures trading then you wont really be finding yourself on being liquidated even if the price would go south as you do predict.

salad daging

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Quote from: Nrcewker on August 13, 2023, 09:01:56 AM

35k is really far to be honest. If Bitcoins manages to cross 30k usd also, then many people will become happy. Yes we should treat this resistance price as an opportunity to accumulate as many Bitcoins as we can. As next year it is expected that Bitcoins will break the Ath price. So if we start accumulating from right now at current price, then definitely we will make tons of profits in the coming year. Bitcoins will start to give signal about the rise from early October this year. So not expecting any big price change currently.

Happy in what when bitcoin touches $30k will they sell? I don't think so, it may be the limit of their resistance to bitcoin and further expect accumulation.
No, I do not treat resistance as buying bitcoin in the sense that the price is still below $50K while we ourselves are still convinced of its high price increase then continue to accumulate in any way including the simplest DCA.
Not sure October is any signal in the know from now on, I know that's your analysis but I'm not really thinking about it for the coming month.

Nrcewker

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Quote from: martinex on August 07, 2023, 03:42:24 AM

If we see, The aggregated crypto market has been facing tremendous volatility and it is true, if we look at the Bitcoin monthly chart it looks good but the BTC weekly chart is lousy, Bitcoin Price was seen selling around $29,000 approaching the key support level $28,500. I believe BTC will return to normal and this is just a time of accumulation for the big traders and ready to go to 35K later this month.

35k is really far to be honest. If Bitcoins manages to cross 30k usd also, then many people will become happy. Yes we should treat this resistance price as an opportunity to accumulate as many Bitcoins as we can. As next year it is expected that Bitcoins will break the Ath price. So if we start accumulating from right now at current price, then definitely we will make tons of profits in the coming year. Bitcoins will start to give signal about the rise from early October this year. So not expecting any big price change currently.

Kemarit

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Quote from: Kelvinid on August 11, 2023, 11:01:24 AM

Quote from: CageMabok on August 11, 2023, 05:25:59 AM

Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

If the CPI can provide good news and can also make better price changes this month, it can also have an impact on the price of Bitcoin. I think CPI will become more popular this year, because until now there hasn't been such a significant price change in Bitcoin, especially price changes for more increases so most people still hope for lots of positive news so that it can affect the price of Bitcoin more quickly in the market, especially news that concerns the crypto space or that can have an impact on the crypto space.

Now, we could understand that people/traders are reliant on the news and this is a factor that affects the market price. If the news is good or positive, people are optimistic but if it was negative, they also become hopeless. And I don't wonder why it was hard for the price to grow because we have been influenced by this thing, not because we trusted Bitcoin but because we are more comparable to the news we've heard every day. Now, if there are no changes in the news, I don't think there is something that could influence the growth of Bitcoin - possibly it remains below $30k.

Or maybe we the run for this year was very quick, we've reach like $30,000 in April if I'm not mistaken. But after that, it was very slow to us, of course, there's negative news around, but at the start of the year, it seems that it was all a breeze to us as we goes like every month with green dildo to end it.

However, after that, for whatever reasons, everything was in a slow motion, price not moving a bit, expect when we had a news like the Blackrock filing for a spot ETF that pushes the price to $31,000. But it was just the hype on the news and after the hype is gone, the price goes back to normal, below $30,000, ouch.

Kelvinid

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Quote from: CageMabok on August 11, 2023, 05:25:59 AM

Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

If the CPI can provide good news and can also make better price changes this month, it can also have an impact on the price of Bitcoin. I think CPI will become more popular this year, because until now there hasn't been such a significant price change in Bitcoin, especially price changes for more increases so most people still hope for lots of positive news so that it can affect the price of Bitcoin more quickly in the market, especially news that concerns the crypto space or that can have an impact on the crypto space.

Now, we could understand that people/traders are reliant on the news and this is a factor that affects the market price. If the news is good or positive, people are optimistic but if it was negative, they also become hopeless. And I don't wonder why it was hard for the price to grow because we have been influenced by this thing, not because we trusted Bitcoin but because we are more comparable to the news we've heard every day. Now, if there are no changes in the news, I don't think there is something that could influence the growth of Bitcoin - possibly it remains below $30k.

TravelMug

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Quote from: CageMabok on August 11, 2023, 05:25:59 AM

Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

If the CPI can provide good news and can also make better price changes this month, it can also have an impact on the price of Bitcoin. I think CPI will become more popular this year, because until now there hasn't been such a significant price change in Bitcoin, especially price changes for more increases so most people still hope for lots of positive news so that it can affect the price of Bitcoin more quickly in the market, especially news that concerns the crypto space or that can have an impact on the crypto space.

Not only to bitcoin or crypto market, but the rest of the traditional financial markets, the CPI bring bullish news to it. Although I'm not from the US, but I learn to really check what the CPI news report is because as we have said, it could either be bullish (hopefully) and negative.

And if by chance it will be positive then definitely, I see it going to affect the price and we might see it conquering $30k again following the days of the said news. However, it seems that the CPI news as I understand it that there is still inflation in the US.

CageMabok

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Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

If the CPI can provide good news and can also make better price changes this month, it can also have an impact on the price of Bitcoin. I think CPI will become more popular this year, because until now there hasn't been such a significant price change in Bitcoin, especially price changes for more increases so most people still hope for lots of positive news so that it can affect the price of Bitcoin more quickly in the market, especially news that concerns the crypto space or that can have an impact on the crypto space.

btc_angela

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Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Quote from: onecall123 on August 09, 2023, 10:14:27 AM

Quote from: fuguebtc on August 09, 2023, 05:22:18 AM

Quote from: YUriy1991 on August 06, 2023, 11:59:29 PM

Quote from: fuguebtc on August 06, 2023, 10:22:40 PM

I also consulted some predictions from investors I know, most of which are that bitcoin will continue to drop to the 26k-27k region in the coming days. There are very few people who think bitcoin will rise in price. As I see it, when bitcoin goes sideways for a long time, people gradually lose patience and make more negative predictions. As for me, I really don't know if bitcoin will go up or down and I don't want to make predictions. I have prepared plan for 2 scenarios and bitcoin rise or fall I will accept and support it.

Market conditions are very vulnerable. if the interest is selling high what do you ask and consult with experts that bitcoin will continue to fall to the 26k-27k region in the near future and it will be very likely to happen. But, what I know is not yet the time. what I see when many predictions are born that leads always to a price drop, in a sudden the price can change in an instant without any notification and this happens very often. So. for me, if there is a market correction, it is normal that only patience is required here and not to be affected by issues that are currently developing which will lead us to CL than what we planned Hodl,

Today, bitcoin has moved and it always surprises people and always goes against the crowd. Many were anticipating bitcoin to drop to $27k as they saw bitcoin move sideways for weeks. But in the end, things are going in the opposite direction. Those who are waiting for bitcoin to drop to $27k are probably getting frustrated and starting to lose patience, and if bitcoin continues to break above $30k, they will have to buy bitcoin at a higher price because they waiting for bitcoin to drop. It's fun to invest in bitcoin, bitcoin is unpredictable and there are always surprises for us.

Bitcoin tried to break through the resistance line once more but it's now heading down again. It's just repeating.

The bullish movement might be getting tired. However, what's more important Bitcoin dominance is increasing, no matter the market goes up or down.

For now, it looks like Bitcoin is moving sideways, possibly continue until October. We're still in the initial stage of the bull market. Yes, in the world of Bitcoin, things can change quickly, and surprises can happen anytime.

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

And there are still no positive movement on bitcoin, on the contrary it went down again, but still manageable. At least we are still above $29k as of this writing and hopefully we won't have a significant drop as a result of the CPI news.

With that, it might take time again to see the price going to $30k'ish. We need some positive news and that news should stick for a while. Maybe a Bitcoin ETF approval will do and we might even see $40k at the end of the year if that news will become reality.

Oilacris

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Quote from: fuguebtc on August 10, 2023, 07:15:04 AM

Quote from: onecall123 on August 09, 2023, 10:14:27 AM

Quote from: fuguebtc on August 09, 2023, 05:22:18 AM

Quote from: YUriy1991 on August 06, 2023, 11:59:29 PM

Quote from: fuguebtc on August 06, 2023, 10:22:40 PM

I also consulted some predictions from investors I know, most of which are that bitcoin will continue to drop to the 26k-27k region in the coming days. There are very few people who think bitcoin will rise in price. As I see it, when bitcoin goes sideways for a long time, people gradually lose patience and make more negative predictions. As for me, I really don't know if bitcoin will go up or down and I don't want to make predictions. I have prepared plan for 2 scenarios and bitcoin rise or fall I will accept and support it.

Market conditions are very vulnerable. if the interest is selling high what do you ask and consult with experts that bitcoin will continue to fall to the 26k-27k region in the near future and it will be very likely to happen. But, what I know is not yet the time. what I see when many predictions are born that leads always to a price drop, in a sudden the price can change in an instant without any notification and this happens very often. So. for me, if there is a market correction, it is normal that only patience is required here and not to be affected by issues that are currently developing which will lead us to CL than what we planned Hodl,

Today, bitcoin has moved and it always surprises people and always goes against the crowd. Many were anticipating bitcoin to drop to $27k as they saw bitcoin move sideways for weeks. But in the end, things are going in the opposite direction. Those who are waiting for bitcoin to drop to $27k are probably getting frustrated and starting to lose patience, and if bitcoin continues to break above $30k, they will have to buy bitcoin at a higher price because they waiting for bitcoin to drop. It's fun to invest in bitcoin, bitcoin is unpredictable and there are always surprises for us.

Bitcoin tried to break through the resistance line once more but it's now heading down again. It's just repeating.

The bullish movement might be getting tired. However, what's more important Bitcoin dominance is increasing, no matter the market goes up or down.

For now, it looks like Bitcoin is moving sideways, possibly continue until October. We're still in the initial stage of the bull market. Yes, in the world of Bitcoin, things can change quickly, and surprises can happen anytime.

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

Not totally broke but rather it is really that only touching up that space on which it is really that turns out that this had become a strong resistance price that we've been trying to break and seeing that

how many times that the price is trying out to break this point but still it didnt really been able to push through. This is why tons of people are expecting that we might be seeing for 25k or lesser if it once would be rejected once more once it do touch up that 30k point but there are ones who do really believe that it might be able to break up on a particular point on the time that we might be able to see some positive news towards the market. It is really just that there are things which are supposed to be totally random and there's no way that we could be able to tell on when it would happen.

30k is indeed a solid ceiling that we do really need to break before this market would really be able to rally and heading to 35k or even 40k which might be possible for this year.
We are really just needing up some catalyst for the price to move on this kind of behavior or kind of trend.

fuguebtc

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Quote from: onecall123 on August 09, 2023, 10:14:27 AM

Quote from: fuguebtc on August 09, 2023, 05:22:18 AM

Quote from: YUriy1991 on August 06, 2023, 11:59:29 PM

Quote from: fuguebtc on August 06, 2023, 10:22:40 PM

I also consulted some predictions from investors I know, most of which are that bitcoin will continue to drop to the 26k-27k region in the coming days. There are very few people who think bitcoin will rise in price. As I see it, when bitcoin goes sideways for a long time, people gradually lose patience and make more negative predictions. As for me, I really don't know if bitcoin will go up or down and I don't want to make predictions. I have prepared plan for 2 scenarios and bitcoin rise or fall I will accept and support it.

Market conditions are very vulnerable. if the interest is selling high what do you ask and consult with experts that bitcoin will continue to fall to the 26k-27k region in the near future and it will be very likely to happen. But, what I know is not yet the time. what I see when many predictions are born that leads always to a price drop, in a sudden the price can change in an instant without any notification and this happens very often. So. for me, if there is a market correction, it is normal that only patience is required here and not to be affected by issues that are currently developing which will lead us to CL than what we planned Hodl,

Today, bitcoin has moved and it always surprises people and always goes against the crowd. Many were anticipating bitcoin to drop to $27k as they saw bitcoin move sideways for weeks. But in the end, things are going in the opposite direction. Those who are waiting for bitcoin to drop to $27k are probably getting frustrated and starting to lose patience, and if bitcoin continues to break above $30k, they will have to buy bitcoin at a higher price because they waiting for bitcoin to drop. It's fun to invest in bitcoin, bitcoin is unpredictable and there are always surprises for us.

Bitcoin tried to break through the resistance line once more but it's now heading down again. It's just repeating.

The bullish movement might be getting tired. However, what's more important Bitcoin dominance is increasing, no matter the market goes up or down.

For now, it looks like Bitcoin is moving sideways, possibly continue until October. We're still in the initial stage of the bull market. Yes, in the world of Bitcoin, things can change quickly, and surprises can happen anytime.

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

Topic: $30000 is becoming the resistant price - page 2. (Read 1144 times)