Topic: Are We Going To See $30,000 Price Before the End of This week - page 2. (Read 736 times)

$30k can be expected in April as it looks like bitcoin price at the end of March indicates retest to touch $29k again.
Today the market has moved up, at least a few percent compare the previous 24 hours, but is still in the $28k area. If this area holds over the next few days then the first week of April could see us already over $30k. Yes, this possibility is apart from the FUD that continues to be made.

While I don't know if there is correlation between what this analysis says about bitcoin's difficulty breaking $30k in March. But there is a possibility.

Bitcoin BTC: Path to $30k faces hurdles as whales drive March madness

It's already April so I guess we already have the answer, it was really close to have that $30k but it was not meant to be this March as there are big resistance around $28k-$29k. And it has been the case, going sideways for the last 2 weeks of March.

But the good thing is that we will have another attempt, this April and maybe this time we will be positive that we can get over that hurdle or the resistance price and then see $30k at the end of the new month. So let's see, TA still shows that we are still very much in the bullish phase, just saying.

I can't think any other possible increase if the final resistance is $30k but if it happens to past it and break another price resistance then perhaps $35k would be the nearest possible price I could think but $40k might be the rare and last price it would touch then a quick drawback again. Although, this is just purely speculation but if it happens then it means it's a profit that we should take but for now, the price seems like going to stay a bit waiting for those who sell finished then I don't know what's next. It's either a pump or a drop next.

I think it is quite obvious that we are once again at a stagnant market right now. Which happens and that's fine, it's not really a big deal because market can't be all upwards or downwards all the time, yes we are volatile normally but not every single day of the year. So, we just need to wait around a bit to see what it will do, I believe that it's going alright and we shouldn't be worried that it's staying stable.

Obviously many people will want to see it do a lot better, and I am one of those people as well, 30k+ would have been awesome and not seeing that so far does upset a lot of people but as long as we are not going down, I am fine with the situation.

Resistance to Bitcoin in the near future is still very likely to occur again, because a small increase which is often accompanied by a small correction can also be a stability for Bitcoin this month. But for the next month, I personally also cannot make predictions about how the market conditions and Bitcoin will be, even though many people say that Bitcoin will continue to improve this year and it is also likely that it will also improve in the next month.

I wouldn't be so sure that today's rise in price could mean that bitcoin will rise next week too. We need to understand the reasons for this rise. Today it was positive data on predicted inflation in the US. The data came out better than expected, but the bitcoin price reacted with a small increase, which might suggest that bitcoin is consolidating in the resistance area. It is hard to predict what will happen in a week.

$35k to $40k by the end of the year? That sounds too low to me, we are only just entering the 4th month of the year, and we have seen pretty clearly that Bitcoin is gradually crossing old resistances and creating new ones like we had $25k as the resistance previously which was crossed and now the resistance is at around $29k which will probably be crossed within the first couple of weeks of the new month.

So for me, $40k wouldn't really be the target for the end of the year, and I have a higher target in mind, and I'm pretty sure it's achievable if Bitcoin continues to grow in value gradually even if the growth rate is low.

Based on the current price of Bitcoin, I think the price will hit $30,000 before the end of next week because the price has increased to $28,237 few hours ago showed that the price will continue increasing till the price reach above $30,000. I believe, Many investors are very ready to release their Bitcoin when the price increase to $30,000 next week because it will help both long term and short term investors to experience something good from their investment. Since the price of Bitcoin has increased to $28,000 in this month of march, I think, it will be favourable if holder can exercise patience till next month before they can sell their Bitcoin.

The price of bitcoin has not cross 29k$ yet and the month of march and last 10 days has been passed so we cannot say that the price will reach to 30k$ at the end because the end is here but we don't see any price to cross 30k$. The price of bitcoin today has reduced some percentage and has now up from 27k$ and yesterday it was above from 28k$. But as are familiar with the fact that market is unpredictable so increase and decrease in market price can also occurs in a matter of seconds.

Some hours of march is remaining so we don't know that what will happen in these hours but as we see the overall march month the price of bitcoin was higher than all other months. It is assumed that the price of bitcoin will increase very soon more than this and it will reach 30k$ but we don't know that when it will happen because the market cannot be predicted in advance.

If look at the weekly chart of BTC, a correction is potential as it approaches the weekly supply. It remains to be seen whether the price will be rejected or continue to advance beyond this level. Investors should be careful and monitor market trends closely to make informed investment decisions especially for the weekend in a few days it could drop to $27,500.

The price reached the $29k resistance but it didn't last long, probably because others are already taking advantage the increase. Bitcoin didn't touch $30k but after breaking the resistance we can say it's already possible to reach $30k price, though it might take some time. Currently the price returned back to above $27k value, still a good chance to buy for those who wants to engage themselves.

Anyway, this is the last day of first quarter and it's a good start for Bitcoin's price since we saw a lot of improvement from $16k to $29k. We can look forward for possible another increase this second quarter.

Seems like $30k is impossible to cross in 1 week due to strong resistance but it managed to pass $29k resistance perhaps there's a chance that it will touch $30k sooner. We just have to wait and see where this hype goes to but more importantly we should take the profit already so that we could reinvest it in the future if there's a drop of the price.

This might be a bull trap but it's not really dropping that much if you look at the chart though and the only thing that I think would make it drop hard is if there a negative news about the crypto space but I wonder what would be the strong price support if that happens.

tomorrow is still 6th and today the price managed to reach more than 29000$ and now it's at 28000$, looking at the chart it doesn't seem to me that the price is going to drop much in these few days that are left for the week to end, so it's more likely that in the next 2 days the price manages to break the 30,000$ than fall below 26000$, because it is accumulating at 28000$, even when it drops a little it soon goes back to 28000$ which means that people believe in a big price increase and they are buying a lot with every small drop below 28000$

in my opinion i don't care much if the price will break 30,000$ still this week, for me i have no problems in being patient and waiting as long as it takes, when i buy bitcoin before i do analysis and then i'm patient waiting for the results and in this case, waiting until it breaks $30,000 is a good deal, just place a stop-loss at $27,000 to avoid a disaster because you can't think that the price can't drop much from nowhere, we've already seen that the price can drop a lot from anything

It did touch that price if I'm not mistaken, but as you have said, it's a big resistance and it's not that time to go and maintain it because the price is way below at $28,000 and fluctuating to lows of $27,900.

So no $30,000 for us, just not enough time this March, so yes, April will be the best time frame for us to reach it. And we need another positive news, or if the banking crisis still continue and the the Fed cuts its rate, maybe next month we will go up to $30,000 after a long time. But as we can see that price, the higher the price we got, the higher it gets to increased. So maybe the top price could just be around $35,000-$40,000 at the end of the year.

As I have been saying in the last couple of weeks, $28,500 is the big resistance that we need to conquer, although there is a big jump in the price and even hitting it in the last 24 hours, it's not enough for the price to sustain it (again). It might be that the bulls are really pushing very hard to an eventual $30k this March or this is a bull trap, we will find out later. In any case the $30k barrier is just like 6% from the current price so by that percentage it's possible to achieved if there is one positive news that will boost the price in the last 24 hours. So it will take a lot of effort and money for the bulls to see the price at $30k. Nevertheless it could also be done in the first or second week or April. For now the price level that we should be looking at is $28,500 and sustain it.

Yes, surprisingly, we have a good bounce after a minor correction, haven't check the news but I have a feeling that bulls is trying not just to defend $28k, but most likely pushing it $30k at the end of the month.

The highest price I see is $28,500 and then it goes down, but still though, it ranges from $28,3xx-$28,4xx, so even if we are in the sideways movement in the second half of March, the price is still look solid, it's just normal to see resistance right now.

Looks like $30k still unreached this week, I was sure few days ago price will reach $30k, unfortunately price dropped again to $26k, but good thing happened today as price increased more than 5% and could go back to $28k, hopefully tomorrow prices may touch $29k and the day after tomorrow $30k.

Hopefully that we hit the target soon as we just have only 2 days left to the end of the month, the momentum is back after we re-tested the previous support level at 26k ,but the market is still in a range between $28k-$26k and hasn't taken out any of this levels, mostly likely that we will either see the $28k being taken out today and shoot straight to $30k on before Friday as we are very close to the last resistance point $28.9k.

Good rebound in the last 24hr and its now back above weekly average, appearing quite positive.  However price stays within the same range it had prior, the reason for hesitancy will be the resistance that proved support both in 2022 and 2021.   We have been sideways since Mid March and prior for many weeks at this price, it can easily take that long to beat this ceiling on the way back up.
  A recovery above 30k wont be overdue until yearly average is trending higher, thats still some time yet; 200 day is gaining so some might think this is enough for a push higher right now.

You're right about bulls trying to defend $27K-$28K in the past two weeks. At least now on Weekly time-frame there are only wicks below $28K and is starting to look like a bear trap below:



I'm not convinced $29K is specific resistance though, more like a potential resistance range between $28.5K to $30.5K. It was previous support back in May and there is "some" volume traded there over past couple of years. But otherwise, compared to volume traded below between $15K and $25K, the trading volume up to $40K is more or less insigificant.


With price currently only 6% away from $30K, I don't think it'd be too surprising to see that reached in the coming days before the end of the month, rather than expecting some 1-2 month time-frame. Either way, it seems that a strong March close is on the cards meaning that we could easily see $30K tested in the first days of April, which could mean that by the end of the week reach that level.

I'm not necessarily saying that price will break through this level and stay there either, only that it's likely this old support will get tested to see if becomes new resistance sooner rather than later (especially with price consolidating below this level). If it takes 1-2 months before re-testing $30K, then I imagine it'd be based on a correction to 200 WMA old resistance area in order to turn it into new support.