$30000 is becoming the resistant price - page 3.

Dave1

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Quote from: RewFrew on August 09, 2023, 07:15:59 PM

Allover thinking i can tell $30k is actually resistant price. We are seeing there has bren many days bitcoin price near about $30k. Some times Bitcoin price falling but within short time It revource and again $30k.

Ok, if you look at the price movement, it was a huge resistance for two months, and then we actually breach it with the news of Blackrock ETF application. And then after that it goes on our support until it fell to $28k. Now we are trying to get back at $30k and then put it as a support line.

But it's not that easy, resistance is very strong that when we have a chance to come closer again, there are huge sell orders in exchanges that's why the price goes down like today, it is price at $29,400.

uswa56

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Quote from: Davian144 on August 10, 2023, 01:23:04 AM

Quote from: RewFrew on August 09, 2023, 07:15:59 PM

Allover thinking i can tell $30k is actually resistant price. We are seeing there has bren many days bitcoin price near about $30k. Some times Bitcoin price falling but within short time It revource and again $30k.

The price resistance in the $30K range is also triggered by the buying power of Bitcoin itself which is still going on in the market and there is even a possibility to pass $30K again this year because when purchasing power can continue to increase, of course it will greatly affect the price increase as well. Also, as long as there isn't any news that panics most of the people who have bought Bitcoin, the price of Bitcoin should be close to $40K within the year.

If you look at the improvements that have occurred since the start of 2023 I don't think we're going to see prices much above 30k, and throughout this year it's been proof that no matter how much the price of Bitcoin falls then it will recover to prices that are steadily approaching 30k, I think the price is 30k it's pretty good compared to the end of last year and I'm sure for this year close to 30k is a stable price.

Davian144

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Quote from: RewFrew on August 09, 2023, 07:15:59 PM

Allover thinking i can tell $30k is actually resistant price. We are seeing there has bren many days bitcoin price near about $30k. Some times Bitcoin price falling but within short time It revource and again $30k.

The price resistance in the $30K range is also triggered by the buying power of Bitcoin itself which is still going on in the market and there is even a possibility to pass $30K again this year because when purchasing power can continue to increase, of course it will greatly affect the price increase as well. Also, as long as there isn't any news that panics most of the people who have bought Bitcoin, the price of Bitcoin should be close to $40K within the year.

RewFrew

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Allover thinking i can tell $30k is actually resistant price. We are seeing there has bren many days bitcoin price near about $30k. Some times Bitcoin price falling but within short time It revource and again $30k. But now seeing market gradually going down. And daily and weekly candidate showing for down. If there is no good news then the market will go more down i think. It is huge possibility to go $25k again. So we have to wait for some times to understand market movement. So i think now time for hold Bitcoin. We should avoid buy and sell. Only holding is best for now. I am also holding now.

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Quote from: In the silence on August 09, 2023, 02:55:40 PM

In my opinion, Bitcoin is engineering liquidities above $30k and will likely soar $33k before it crash or consolidate again. If ut manage to stay above $35k then we might wont see $25k below level again.

So if the $35k doesn't get breached, then do you think we'll go lower than $25k?
No one can say for sure how high and how low the price of bitcoin will be, that's too difficult although some predictions find a decent degree of accuracy. The price of bitcoin keeps on fluctuating all the time so there is no certainty that it won't go down even if you see $35k being breached.

We have found that it is still easy for bitcoin to lose thousands of dollars in value just because of negative news or when FUD goes viral. Even if at some point the price had recovered and broken the $35k resistance, it was always possible to see the price right below $25k if something bad hit the market.

In the silence

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In my opinion, Bitcoin is engineering liquidities above $30k and will likely soar $33k before it crash or consolidate again. If ut manage to stay above $35k then we might wont see $25k below level again.

STT

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30k was the level people previously expected to hold hence the actual full sell off nearly getting to half that was surprising. Its quite possible we have old buyers in this area who remain disappointed and negative despite the regain it represents no personal profit to them. In short there is alot of damage and debris in this area and other sections of BTC price action.

We have almost what looks like a double top on 4hr bars recently. It was looking to be positive trend above the weekly average, however we seem ready to return right back to about 29.2k to pivot between positive and negative medium term.
Highs of last 24hr and August start relate to a monthly average roughly, various time frames not aligned towards a clear continuation upwards and forwards more sideways.

South Park

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Quote from: WatChe on August 09, 2023, 01:27:22 PM

Quote from: Nrcewker on August 06, 2023, 10:03:06 AM

Yes Bitcoins usually increase in price during the end of September. So till that time the price will stay low only. I would suggest everyone to not to panic about the price. Treat this time as an opportunity to buy the coin in low price. Moreover Bitcoins trying it’s best to break the resistance and come out of this price range, but still no positive movement is seen. So accumulate as many Bitcoins as you can in this low price and hold it for few months.

We have to keep in mind that bitcoin was at 16k few months back and 30k is relatively better position then 16k. The good thing is Bitcoin is quite stable at 30k and not moving up and down from this price. Moreover market has up, down and stable positions, as an investor we need to be well prepared for all such situations. Right now its a good thing that Bitcoin is maintaining its position and it may explode in the long run.

It is easy to forget that just at the beginning of this year bitcoin was still doing badly and many investors thought that the price could keep going down and we could suffer another crypto winter as bad as the one we went through at the end of the 2017 bull run, so when we think about it a price close to 30k is still very good and the stability that the price is showing encourages long term investment strategies like DCA, so all in all this is still a very good moment to buy bitcoin despite the price lacking the strength to go above 30k.

Falconer

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Quote from: WatChe on August 09, 2023, 01:27:22 PM

Quote from: Nrcewker on August 06, 2023, 10:03:06 AM

-snip-

We have to keep in mind that bitcoin was at 16k few months back and 30k is relatively better position then 16k. The good thing is Bitcoin is quite stable at 30k and not moving up and down from this price. Moreover market has up, down and stable positions, as an investor we need to be well prepared for all such situations. Right now its a good thing that Bitcoin is maintaining its position and it may explode in the long run.

We have gone through a bearish phase during 2022 during which time bitcoin lost a lot of value.
Some even thought that bitcoin would drop to $10k, but thankfully the price of bitcoin didn't drop to that level. Of course it is a gloomy period for the holders, but if they have good financial strength and have experience in terms of investment then of course accumulation is the best option to do.

The increased demand has seen the bitcoin price recover from the start of this year to almost touching $32k. However that resistance seems too strong to be broken so far, but I am optimistic that $32k will be broken during 2023 regardless of when.

WatChe

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Quote from: Nrcewker on August 06, 2023, 10:03:06 AM

Yes Bitcoins usually increase in price during the end of September. So till that time the price will stay low only. I would suggest everyone to not to panic about the price. Treat this time as an opportunity to buy the coin in low price. Moreover Bitcoins trying it’s best to break the resistance and come out of this price range, but still no positive movement is seen. So accumulate as many Bitcoins as you can in this low price and hold it for few months.

We have to keep in mind that bitcoin was at 16k few months back and 30k is relatively better position then 16k. The good thing is Bitcoin is quite stable at 30k and not moving up and down from this price. Moreover market has up, down and stable positions, as an investor we need to be well prepared for all such situations. Right now its a good thing that Bitcoin is maintaining its position and it may explode in the long run.

onecall123

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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.

sana54210

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Quote from: Wong Gendheng on August 07, 2023, 07:01:18 AM

After the price falls almost a year under $ 20k and earlier this year the market looks convincing, the price of January can rise more than 40% so that it makes us more optimistic with market performance, and the second big thing is now being able to pass $ 30k, of course we It is really waiting for the market to be able to pass $ 30k so that the Bull Run arrives soon, as evidenced by several times the increase but still cannot pass $ 30K.

I agree that the price was way too little back in the day and that means we are going to end up with something that is a lot more different. It should be considered that we are at a moment when things do not look that great and should be considered a bit different. I realize that it is not going to end up with a good situation at all, but at the moment it's still better than how last year was and that's the important part.

I get that things are not looking that good at this moment but why would that mean anything at all? This is why it should be reminded to everyone that life is not that simple and we should focus on making as much profit as we possibly could. It could be by just holding, or trading, but remember that life is doing fine.

fuguebtc

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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.

Wong Gendheng

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After the price falls almost a year under $ 20k and earlier this year the market looks convincing, the price of January can rise more than 40% so that it makes us more optimistic with market performance, and the second big thing is now being able to pass $ 30k, of course we It is really waiting for the market to be able to pass $ 30k so that the Bull Run arrives soon, as evidenced by several times the increase but still cannot pass $ 30K.

Rabata

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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.

Market forecasts are not always the same. But overall Bitcoin has been capped in the $30000 for a long time, it has been trending lower recently and this is the usual pattern before a bull run where the Bitcoin price drops massively. A break down from $29000 would definitely bring Bitcoin price closer to 27000, but this is just speculation but there is a possibility of upside from this point as it is completely unpredictable. However, there is a possibility of moving the market towards 35k anytime from the current position of the market.

justdimin

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Quote from: Joshapat on August 03, 2023, 05:01:55 AM

In my opinion, $ 30k is like a strong fortress and is difficult to break down, the price has touched $ 30k several times and then fell again, even more than 5 months the price has not been able to pass $ 30k, this is speculation that if the price of $ 30k can be passed then it will be easy to jump higher.

That was similar when we were going under it as well. We were above 30k and it looked like there was a huge wall at 30k that would be hard to break so we assumed that it would not go under 30k, and yet when we look at it right now we can see that it's under 30k as well. This is why I believe that we should not really be considering the situation all that different, it is as normal as it gets and can't be bothered to change all that much.

Hopefully it will get to be a bit better and we get to live in a normal situation without worrying about it. I understand the logic, I understand that it's going to take a while, but this is how it is for the time being. Just realize that 30k is not that hard to break and we could go up when we can.

martinex

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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.

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Quote from: Nrcewker on August 06, 2023, 10:03:06 AM

Quote from: fzkto on July 28, 2023, 09:17:07 AM

Yes, it's summer, which has typically been a bad time for cryptocurrencies. But you can pay attention to the stock market, where growth has been going on for a while now. Perhaps along with that, the cryptocurrency market is on the rise. 30k is not very far from the current price. It seems to me that unless some negative events happen, bitcoin will be able to break resistance this summer.

Yes Bitcoins usually increase in price during the end of September. So till that time the price will stay low only. I would suggest everyone to not to panic about the price. Treat this time as an opportunity to buy the coin in low price. Moreover Bitcoins trying it’s best to break the resistance and come out of this price range, but still no positive movement is seen. So accumulate as many Bitcoins as you can in this low price and hold it for few months.

that is correct , we are aiming always for the BER effect in which starts from September to December . actually some says it is in 4th quarter but some says it is in late 3rd .
but whichever it is? the best thing is we are already accumulating before those days comes.

YUriy1991

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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,

fuguebtc

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Quote from: flyingcarpet on August 06, 2023, 05:44:39 AM

Quote from: fuguebtc on August 06, 2023, 04:46:52 AM

Quote from: JoyMarsha on August 05, 2023, 04:53:08 PM

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.

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?

The price of bitcoin has dropped below $29,200 over the last few days, which is lower than you could have anticipated a month ago. For bitcoin to climb back to $30k price it was in recent months feels not happening soon but instead to fall harder in price. Nobody is certain if the price will decrease further to $25k or rise back to $30k. The fact that bitcoin might perhaps reach or be above $30k before the year is through makes me happy despite all these price drops. Purchasing bitcoin at $28,000 is not a bad idea though.

Bitcoin has been below $30k for the past 2 weeks, not just a few days and no one knows how bitcoin will move in the coming days. From what I see in the market, most people are just waiting for bitcoin to move for more data to predict the trend of bitcoin. Honestly, Bitcoin has been at $29k for quite some time and this is really annoying.

For traders, buying and selling at the moment is very sensitive and not a wise decision. But for long-term holders, bitcoin below $30k once again presents an opportunity to accumulate.

It is really annoying that the Bitcoin price is at the level of 29k. Looks like it'll be here for a long time. I think it needs to fall further from this level to enter the uptrend we expected. Many predict that the price will drop. The number of people who said that the price would increase decreased. At least that's the opinion of the people I talk to around me. I would like the price to fall as soon as possible before stopping at 29k and then to rise. Because when the price is stable, the expectation is that it will decrease.

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.

Topic: $30000 is becoming the resistant price - page 3. (Read 1158 times)