Are We Going To See $30,000 Price Before the End of This week - page 5.

Wiwo

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Quote from: indah rezqi on March 20, 2023, 11:20:54 AM

No, I don't think the $30k will arrive in the next 7 days because so far the $28k hasn't managed to hold out much longer.
But I'm hoping, well, that $30k is real by April.

Even as the 28k price zone has been unstable for a while now, bitcoin has consistently touched 28k severally within the last 24 hours and if this persists it will not take long before it goes pasts that resistant level.

-I am sure also that it will not take Bitcoin so much time to add $2,000 to its present price, since a similar price movement has occurred in the past and going by all indications, we will see such movement soon.

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Quote from: Wiwo on March 19, 2023, 04:43:03 PM

-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?

No, I don't think the $30k will arrive in the next 7 days because so far the $28k hasn't managed to hold out much longer.
But I'm hoping, well, that $30k is real by April.

Quote from: Wiwo on March 19, 2023, 04:43:03 PM

-What are your speculations let's discuss this since this will give us a better understanding and help prepare us for the journey ahead because Bitcoin is set for an unprecedented turn out of events.

In the longer term, I think we should maintain that optimism, as always. But it's hard to say anything in the short term. We all hope that the next halving will be a fresh start for bitcoin in making its fantastic history, yes about ATH which is higher than the previous period.

If you are sure about the future of bitcoin, then prepare an investment budget because we no longer need to talk about risks that are already known to each other. It is the best preparation for the future.

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Quote from: Wiwo on March 20, 2023, 09:38:13 AM

Quote from: inthelongrun on March 20, 2023, 07:38:19 AM

Maybe I am biased because my scheduled DCA on bitcoin is this coming March 26 or the end of this week. I see bitcoin dropping down as a part of a healthy correction after days of wild and unexpected increase in value. I think we will see $26k something at the end of this week. But there is also the possibility that we might touch $30k something before it falls again. I assume future traders are the ones busy analyzing the short-term price of bitcoin while I am only doing a DCA for long-term profit.

Yes there is a possibility of drop down in Bitcoin price but the main analyzes is at what point will the drop be?

-While many speculate it to be after the pruce reaches 30k tgen a stable correction will reside around 26k+ and even 28k its all possible.

I think the price could reach $30k or maybe be at $29k first and then there is a correction. I'm worried about how big the correction will be because it could lead to a rapid decline and touch $25k or even lower. We are about to touch $28k and it looks like that is a bit of a stable price for a while before continuing the rally again. And if another rally is going on, maybe the price will quickly increase to above $30k.

Everything is just a prediction that we know is not always true. But we know that we can still buy bitcoin at the current price or later. It depends on the results of the analysis that we do.

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Quote from: inthelongrun on March 20, 2023, 07:38:19 AM

Maybe I am biased because my scheduled DCA on bitcoin is this coming March 26 or the end of this week. I see bitcoin dropping down as a part of a healthy correction after days of wild and unexpected increase in value. I think we will see $26k something at the end of this week. But there is also the possibility that we might touch $30k something before it falls again. I assume future traders are the ones busy analyzing the short-term price of bitcoin while I am only doing a DCA for long-term profit.

Yes there is a possibility of drop down in Bitcoin price but the main analyzes is at what point will the drop be?

-While many speculate it to be after the pruce reaches 30k tgen a stable correction will reside around 26k+ and even 28k its all possible.

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Quote from: Wiwo on March 19, 2023, 04:43:03 PM

-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?

There's every possibility the price of Bitcoin reaches that price before the weeks ends. We are finding good support at $27k which was looking impossible to reach last week as Bitcoin couldn't cross the $26k price but immediately that happened we saw the price climbing to $27k and also touch the $28k price, we still have many days left for the week to end.

There's no news that could push the price down so it reaching the $30k price won't be much of a challenge. Where Bitcoin will have some challenges is when it touches that price, will it be ables to hold the price and turn it from a resistance into a support. At the moment many trader's are looking to sell at that price.

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I must say, anything and everything can happen this week. In fact, this week will be more crucial for the bitcoins. If Bitcoins continue to increase at this pace, then definitely by the end of the week, 30k USD will have been reached. But we need to keep the same demand as currently exists. Else, if the demand drops, then the price will also go down. Currently, instead of thinking much, we should focus on buying the coins, as this time the hint is strong and Bitcoins might stop at the new ATH price.

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Maybe I am biased because my scheduled DCA on bitcoin is this coming March 26 or the end of this week. I see bitcoin dropping down as a part of a healthy correction after days of wild and unexpected increase in value. I think we will see $26k something at the end of this week. But there is also the possibility that we might touch $30k something before it falls again. I assume future traders are the ones busy analyzing the short-term price of bitcoin while I am only doing a DCA for long-term profit.

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I don't think that the crypto winter will end soon. The price might go above 30K USD for a while and then go back to levels below 25K.
There are some positive news in regards to Credit Suisse being bought by the biggest commercial bank in Switzerland, so I think that the financial markets might calm down. This would lead to the cryptocurrency markets also calming down. I don't expect a new FOMO phase and a massive bull run anytime soon. The global economy might be heading towards a recession and I don't know what the impact over the Bitcoin price would be. I really wish the 2019 spring could happen again and we could see a big price pump, but I' not optimistic.

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Quote from: ethereumhunter on March 20, 2023, 02:54:29 AM

I'm enjoying the current bitcoin price moment and still waiting and I'm sure people are still waiting like me. And I agree that we should prepare everything before the arrival of the bull run so that we can also benefit.

Yes I am also enjoying the current market trend, as bitcoin has retained its 28k price which is as a result of. So many factors that we may not be able to explain at the moment, but seeing that bitcoin prices have increased significantly since the last week and the momentum will continue and if we touch 30k before the day's end it will be a big gain for. Most investors who bought Bitcoin below the 20k price low of last year.

-Let's keep watching to see the outcome of the market volatility and act it out during the time ahead.

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I'm still not sure that the bitcoin price can increase very much in the next seven days because the bitcoin price now has become very wild and we can't predict exactly from the past. But if we talk about the medium term, there is a possibility that bitcoin could break through $30k or even higher. Maybe $30k can be broken at the month's or next month's end, and we can only wait for it.

I'm enjoying the current bitcoin price moment and still waiting and I'm sure people are still waiting like me. And I agree that we should prepare everything before the arrival of the bull run so that we can also benefit.

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Quote from: Wiwo on March 19, 2023, 04:43:03 PM

Bitcoin is currently at $28k+ which is quote exciting g at the moment since we never expected such a break out at this time because the Fed and Sec have not really relaxed the policies to regain the value of the dollar by lowering the interest rate and other economic factors that will strengthen the value of the dollars against another global asset such as Bitcoin.

-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?

-What are your speculations let's discuss this since this will give us a better understanding and help prepare us for the journey ahead because Bitcoin is set for an unprecedented turn out of events.

I don't have a prediction on the exact time for bitcoin to hit $30k, but with what is happening, bitcoin will have a rally above $30k and possibly 40 thousand dollars, IMO. It is really difficult to say exactly when it will happen because it all depends on the macroeconomic situation.

In light of the recent bank crash, the Fed pumping money and stopping rate hikes would be a move that would have a positive impact on bitcoin. The bankruptcy of banks is just the beginning, and shows no signs of stopping, and that will also be the driving factor for bitcoin.

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Well, obviously, we cannot predict with certainty, but what is clear is that the possibility is closer than ever. Many people have become bullish about the Fed's liquidity injection that drove the price up, and it seems that the lack of confidence in the fiat system and inflation is what is going to make people take refuge in bitcoin despite the volatility. If we take into account the historical pattern (which does not necessarily always repeat itself) bitcoin will close this year in positive territory compared to 2022 and another thing that usually happens is a clear rise one year before halving, so it seems that we are in a scenario for rises, although I do not think that we will break the highs as some say until after halving. The price has gone up a bit and there are people predicting that we are going to the moon now. I don't think it's that big a deal.

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Look a bit on the daily chart of Bitcoin. RSI is on the oversold territories, but the MACD is still isn't crossing above the 0 level.

If we will just focus on this week, I think there is a very low chance that the $30,000 will be reached and if it will, it will go below that price immediately like what happened to Bitcoin when it tried to surpass the $25,000 price resistance. Well, it's only the 2nd day of the week, and many things might happen in the next days. Who knows. We might see another bank going down again like what happened a few weeks ago. We might see some more positive news that might make the price of Bitcoin pump this week.

However, if Bitcoin will reach $30,000 this week, I'm pretty sure that it will just touch it for a few hours then go below it again.

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It is very possible that we will see 30k before the end of the week, I see that there is momentum in the market and the entry of new amounts of dollars, especially on Bitcoin, this new liquidity pushed the price higher.

Most likely, due to the bankruptcy crisis in the United States, the dollar will continue to flow from banks to Crypto, and this will give more liquidity to the market (there are at least $500 million that entered the market during the past week), so I expect to see significant gains in the coming period.

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Quote from: STT on March 19, 2023, 06:48:42 PM

... I think its very possible we need to revise and redo pricing down to 25k again, to just keep gaining generally leads to lack of fuel, a stall and fall.

I also predict the same, bitcoin will not be able to continue straight to 30k even though the distance is not too far away. I think a correction to below $25k is needed before bitcoin bounces back, I also placed a buy limit order at $24k and expected my prediction to be correct.
Next week, the Fed will announce the next rate hike, and if they decide to increase only 0.25%, as predicted will be a strong catalyst for the market in April. But if the unexpected happens, I'm afraid we'll see prices below $20k again.

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Quote from: GeorgeJohn on March 19, 2023, 06:52:42 PM

The increase in bitcoin recently is not the final, the real question is that can it continue to accelerate without experiencing any kind of down fall, I believe bitcoin small increase is not strong enough to call for jubilation, because it shows that bitcoin can decrease today and increase tomorrow, as I stipulated in other threads that the increment in bitcoin is normal, but we can celebrate or be excited in bitcoin increase when is above the previous bull run of last two years when bitcoin was 60k in price.

Bitcoin price volatility is normal since volatility is a primary feature of bitcoin, and this present price increase is normal since there is nothing that can be pointed to as the cause of the increase but then we can say that this was more expected considering the bitcoin market outlook since the beginning of the years 2023.

-I am sure before the second quarter of 2023 is over we will know what the position of the market will be if it will continue with the recovery past or a full-blown bull run, we never can tell but let's keep our fingers crossed, and expect rhe best from the market for the time being.

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The increase in bitcoin recently is not the final, the real question is that can it continue to accelerate without experiencing any kind of down fall, I believe bitcoin small increase is not strong enough to call for jubilation, because it shows that bitcoin can decrease today and increase tomorrow, as I stipulated in other threads that the increment in bitcoin is normal, but we can celebrate or be excited in bitcoin increase when is above previous bull run of last two years when bitcoin was 60k in price.

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This month would be a nice target to estimate, 7 days from now would seem too soon but BTC can move like that. I would expect a sell off if BTC rises that much that soon.
Its on trend so far, if we dont break that gradient or pace of gains then it would appear the 21st or 22nd would deliver the 30k price objective. I think its very possible we need to revise and redo pricing down to 25k again, to just keep gaining generally leads to lack of fuel, a stall and fall.

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Quote from: Wiwo on March 19, 2023, 04:43:03 PM

Bitcoin is currently at $28k+ which is quote exciting g at the moment since we never expected such a break out at this time because the Fed and Sec have not really relaxed the policies to regain the value of the dollar by lowering the interest rate and other economic factors that will strengthen the value of the dollars against another global asset such as Bitcoin.

-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?

-What are your speculations let's discuss this since this will give us a better understanding and help prepare us for the journey ahead because Bitcoin is set for an unprecedented turn out of events.

If what I read bout the 4000 increment speculation on Bitcoin happens again, then we can see Bitcoin price crossing $30k since the next target would be $32k. But I think before this thing happens we might experience a small correction which may make the price pull back under $27k before surging to $32k. I hope that the 1-week time frame is enough for these price changes to happen. Hopefully the current news abouts speculation of Bitcoin reaching 1m will produce hype that will greatly help to make Bitcoin break the $30k barrier.

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Am pretty sure we are all excited to finally see Bitcoin break the 25k barrier which seemed a little stubborn for a moment, but trying to get all time highs for the year 2023 done all in one week is a big ask tbh.

Besides with every break of structure ( break of a price barrier) what's always expected is price retracement and before the week ends .. price its likely to come down before the catapult effect gets back on to continue the bullish trend.

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