Topic: Bitcoin breaking the biggest limit since match price push (Read 282 times)

I agree with you on the possibility of the price of Bitcoin to ride on a Ralacosta ride in the new month and subsequently shortly, but then we must not miss the point that price correction is something that we can't over look because there is no such thing as one direction price movement, since bitcoin is a volatile asset and there is a need to see a few corrections even at the point of every price uptrend.

I agree with you that we may see a more uptrend price movement in this month since the month of April have been one hell of a month where Bitcoin witnessed a lot of price resistance, and the price was constantly pushed below the $30k region for a while now even though bitcoin tried severally to break that benchmark.

If you wanted to see what happens the following month is coming as a year of the year where price is going to go up even in the resistance would not be as strong but if there is a sign of the beginning of the year where we see we are going to see more of the resistance which is possible once again we are going to see the end of the year and the current market condition is going to start going to be able to achieve it in order for us to reach a good price range and we can see on the horizon of this month of April when the price will go up we can expect to see higher price and higher price next month.

Exactly thos investors are the reason why market behaviour rely much more of the fed fun and all the shit that come with that, the centralized investors are not true believer of Bitcoin so at that they will likely flow in the direction the news push them to, and I don't expect anything more that that because their so hungry for profits and making quick bulk out of Bitcoin that is why their will cash in on any thing that have any atom of fud that relate to Bitcoin that could impair the market to favour the gullibility.

People all over the world look at the FED and the CPI as some kind of sacred cows by which the whole world is aligned - and if Powell just says something negative in the context of cryptocurrencies or even hints at what the FED will do, people buy or sell Bitcoin accordingly. We defend the fact that Bitcoin is decentralized, but we cannot in any way refute the fact that most of those who invest in Bitcoin are completely centralized idiots who try to outwit the market by listening to what the leaders of that market say.

Breaking news - Don't pump the market (NSFW)

The prediction that April will rise is now proven true, the price has reached $ 30k and it is the point that this year the market will rise, I believe the bull run will happen soon, many have predicted that in April the price can touch at least $ 50k, if this happens then this year it will easily reach $100k.

I think people who are not happy about 30k are the people who waited too long to buy, nobody else would be unhappy about it. I personally had to sell because of medical issues and even I am happy that it went up, it would be better for me if it went under 20k again so I can buy again, that would be personally better for me but I do not see this as a personal issue, bitcoin going up is better for the market and should be considered as a great thing.

Not a lot of people consider that and for some reason they keep doing what they like doing which is complaining and whining about it. Going above 30k is amazing and should be celebrated, I personally celebrate it and I hope that it goes even higher very soon as well.

Let us not call for jubilation because of tortoise movement of bitcoin since 2023, before I can believe or attest to bitcoin increment as a joyful one is when the price of returns to the most reaches the maximum point bitcoin has reached so far for it history of increment before falling to a point that was unbearable when the price falls drastically in 2021 and 2022, so the price movement of bitcoin is not dependable,  because it might be higher today and tomorrow the price falls, so bitcoin reaching up to thirty thousand high and twenty eight thousand low doesn't mean that bitcoin price have ascertain a maximum point, we are expecting bitcoin to go beyond the stage price now, what Increase bitcoin price is the market demands and good information relating to a known companies investing in bitcoin or using bitcoin as point of payment.

If anything the buying pressure may well come from those re-entering the market who sold >$30K, noting that the trend is shifting bullish. Of course many speculators would have re-entered at lower prices, like $20K or $25K, but for more conservative investors they will want to wait for further confirmation of a trend shift, notably reclaiming $30K. If you sold around $50K to $60K, then $30K isn't a bad re-entry still.

Yes, at least 10 days of not moving, and trading sideways around the $28k price range. Now, this is the one that we are waiting for, breaking that whole numbers of $30k, and it seems it's going to continue. See the price at $30,500 the highest so far and everyone is very bullish once again.

Uptrend, we are looking at $32k'ish before we finally got tired and bulls exhausted. But let's see, we know that when the market is very bullish because of positive news, it's hard to stop it. And the good thing is that we have two weeks more this month, still plenty of days to go to the next barrier.

It has been around 10 to 11 days since Bitcoin has been just stable between the $27k to $28k range and hasn't either gone down or gone up, it has finally broken above the resistance around $29,300 and going up, as a lot of speculators have been predicting that the price will reach around $35k within the month of April, it finally seems it might be true.

What I think is that it wouldn't be a very big pump at this point, if we see a lot of buying pressure in the markets following this uptrend, we might see that pushing the price to maybe at most $32k before it will start dropping again.

Yes I thought I will be the first to update the thread that bitcoin broke the $30,000 benchmark a couple of hours ago and at that Bitcoin has sustained its price also at that level which is something we should be happy for building sustainability in liquidity is what will push the price of Bitcoin to push further.

The bitcoin market sentiment is quite big this time, and at that, we must have to speculate a lot more than we did in the last couple of month may be way back into the last quarter of 2022 which saw Bitcoin struggling a lot in its market price.

That's also what I think because these people have been dying hard to wait that price to come, they've been all talking negatively and frustrating feelings of those that can read their "TA".

Bitcoin just hit $30k again and this is a celebration for everyone that has been waiting to see its price to be back at it again at that level.

It just did got $30k this day and kinda stuck to that price. Well, that's so demanding if I say kind of stuck there if it has just been there. LOL

Bitcoin has finally struck pass the long awaited $30k price level of resistance , this shows that the bull market has now officially kick started having passed this level which previous all time Bottom is a huge indicator for the market that the bulls are finally now fully in control of the market once again, So the probability of Bitcoin making another low is now very tiny.

Am I the only one who believes that breaking the barrier is nothing but temporary speculation, and we will return to 28,000 levels within the next 48 hours?
There does not seem to be enough momentum to make the price move far above that level, as evidenced by the fact that we did not break $31,000 quickly, although there is no support level here.

The positive news is that the psychological barrier has been broken, even if the price rebounded, so 30K will not be a problem and will be the level of resistance for the coming years.

Is there any correlation between CPI and Bitcoin? Or only because influence the FED decisions?

Yes this week we get CPI and FOMC minutes. If we get sticky inflation we can head back down to below $30K and the stock market can go targeting 4000 SPX again.

The bond market changes its mind almost weekly. Now we got a rate hike priced in for May. Which is obviously not good for Bitcoin. And there are also bank earnings coming late this week and will be interesting to see what mess SVB has started.

and today as we are talking here , finally Bitcoin broke 30k and this is what most of us looking for long time now, since the beginning of march we are all eager to have this opportunity and surely correction will happen any time soon as this breaking will be a chance for many to at least earn or recover from their losses in the bear market.

I am maybe one of those who are planning to sell at least half or 30% of my bitcoin before it finally dumped and buy once again when it rose up .

We are about to. 29,983.90USD as of now.


And above all because we are coming from a big fall and we had already been at these levels. Now I would expect us to stay between 30 and 40 thousand this month. After such a long time at levels of $20,000 and below, it is appreciated.


In the medium and long term, they will not be able to avoid lowering rates and continuing to expand the money supply, so the price of bitcoin can only go up.

Now that we already broke $29,000. By that, I am very positive for the short term that we can easily reach the $30,000 - $31,000 level.
I can say that these are healthy pumps because, for the past few days or weeks, we really did sideways and battling the $26,000 - $27,000 support level.

The majority of it is perception, nothing is absolutely accurate but people fear a central bank as big as the Federal reserve and the sharp effect that Dollar as a global reserve currency can have.   Add in greed and leverage and its distortion to whatever is already a clouded view.   Statistics are of variable accuracy and bias, the measure and actions of the FED and Dollar itself are variable, in fact economies exist far outside of measurement and official currency flows.  Like the world at large overall, we do not see everything that matters so quite a large part is perception and fears vs hopes and attempts to profit.
  We'll continue to have inflation and dollar will lose value, the rate hikes are just an attempt to slow the roll of volatility but they cant cap it at this point imo.  BTC will continue to advance, it will move slower then some might want but its probably more important that development and price also is justified by actual gains not speculation especially on leverage.

I dont think they will want to cut rates this year though Im surprised they were able to raise this much . US treasury debt has been short dated in its average term last I checked which could be dangerous in its rate of change, cost of interest fiscally.

34k for BTC is top price for its ability to move before greater resistance.  It might be able to move further then that but would require more volume in order to do so, presumably that will take more time and development.  We dont move in straight lines normally.

Last night before I went to sleep I saw that the price of bitcoin was around 28450$ each, and now it is at 29600$+ now, just a little bit and one is close to read 30k$. It's rising slowly but surely.

     Probably this day will not end when it is possible to reach 30k$ per one bitcoin in the market? Whatever the reason is, I don't know yet, but the only thing I can say is that this is a good sign for our bitcoin holders.

https://www.binance.com/en/trade/BTC_USDT?theme=dark&type=spot