Topic: Bitcoin breaking the biggest limit since match price push (Read 214 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

If they continue to wait, then they are going to lost their battle, because the chances are slim for bitcoin to hit $10k, in my opinion. We may have seen the lowest low for all we know for this bear cycle. And we have been trading sideways for the last 10 days, and now there is a big uptick in the price, and we might see $30k for this month or even higher if this bullish sentiments and FOMO continue.

As for the CPI report, speculators are hinting that the Fed will end it's series of interest rate hike.

If this is the case, the most likely, Bitcoin and the rest of traditional market is going to really because of this positive news.

I'm wary of this recovery, the halvening and the bull run that comes after it are still far away, so the market can still reverse and have a correction. If we look at the previous cycle, Bitcoin recovered to $10-11k, which was 50% of the peak value, but then crashed again before the new cycle started. If something similar happens now, we can fall to $18k again in this year. That's if the previous pattern still holds, which might not be the case anymore.

I will tell you this the Fed can do 0.25 over and over and over again, but I do not think they will do more than that which translates to:

0.25 May
0.25 June
0.25 July

then a cut? or a flat in Sept

Which all translates to a  massive btc rally in fall. or not

$29600 as of writing now.

While there were some positive actions that can be seen to bitcoin and the push that has been made just now. I still see some of those predictions from outside the forum that they're still waiting for $10k.

Like, I know that it's possible and bitcoin is too volatile that it can go as high as it can and go down more than what we're expecting. But realizing the situation now and cycles, it's very unlikely that we may see that falling on that price ever again.

Exactly, I guess so too , Today is Monday and we've gotten such rally, I do think on before the CPI data release that Bitcoin price will manage to reach $30k level, And the report would also determine whether we would continue to move up side or get a short term pull back. However,  I want to get some Bitcoin at a bit discount price, So I would love to see Bitcoin get a price correction towards 25k, so that my orders can get filled, I have buy orders at 26K, 25k,24k,23k, and 22k.

The resistance limit bitcoin held onto throughout the month of March is positive. I was expecting a breakthrough to $30,000 but it didn’t happen. We are already getting to the middle of this new month, seeing the price moving and maintaining the $28-$29K+ limit, a $30K is most likely possible before the end of the month. But more bearish time is still coming ahead before the bitcoin halving takes place.

BTC have struggled severally to achieve the $30,000 price benchmark mark against what was popular speculation around January this year we heard a price run off that point to that direction in January but February through match has been steady movement even though Bitcoin hardly make 3% price increase at each point of bitcoin price chat all through those months,  there is no doubt that it was within those months that Bitcoin managed to make a steady recovering to $28,000 and now $29,000+

This is significant enough to let us anticipate the $30,000 price benchmarks soon as Bitcoin has to build a stronbuildistance around the current price.

So far it seems that the price prediction is in accordance with the reality in the market. The bitcoin price has managed to break through the $29k resistance which is likely to reach $30k in some time. Great start to the week for bitcoin but anyway the hardest thing right now is keeping the price above $29k let alone expecting it to be new support for bitcoin price.

Right now the bitcoin price is trading at the exact same price as it was on June 11, 2022, if this trend continues then $32k can be expected. Early bullish may have been made, but let's see how far this trend going on.

I've seen some predictions last week and many analysts (I think one the more popular ones was Michael van de Poppe) claimed that if we go towards 29k resistance again, we'll break it to the upside and this is exactly what happened. This proves that there's a very strong and significant pressure from the buyers and that no outside manipulation like the selling of coins by US government can change this.

It looks like the next step is 30 thousand.

I think that many people keep thinking what they should do and if this trend is going to continue. I advise you look at the moving averages. Usually when bitcoin goes above the 200 MA it changes the trend from bearish to bullish. For the first time in many months we're above the line. In fact, since July 2022. This is an important indicator that you should not ignore.

$30k is increasingly looking real to me regardless of the current state of the economy. Today the price looks up and broke the $29k resistance, but I really want $29k to hold through April. Of course there has been a lot of speculation about the price bitcoin might reach over the course of April, but I think $35k is still a hard to reach if a lot of people are pushing for more selling. We are currently into 4 months of increase since January 2023 and hopefully that will continue for the next few months as well.

Same pattern, the push right now is the same as in the last two months, seems like a lot of betting is going on the numbers, and everyone expects positive news, probably if it weren't for that oil bump things would have looked a bit more clear, but right now it's again 25 points probably.

Anyhow, speaking of US data, saw something funny about the job data released a few days ago:
U.S. economy adds 236,000 jobs in March as labor market stays strong
US adds 236,000 jobs in March as labor market weakens
So yeah, this volatility despite a 70-80% chance of 25 points starts making sense when two people look at a duck and say it's a goose or a swan.

All we have been seeing is showing that bitcoin may get to over $30000, but this leaves many people in confusion if bitcoin will get to $30000 and start decreasing. But as to how I think about it, bitcoin is going to stay bullish for long time before going bearish. I believe bitcoin may go bearish one more time before halving, but it will still remain bullish this time.

Mostly chatter. The game of chicken is CPI and Fed Rates against inflation.

We get CPI number in a few days. which determines what fed will do.

It is obvious that many are upbeat which is why we push up near that CPI date.

Since the beginning of the year 2023, bitcoin has been on a steady but slow uptrend movement with a lot of resistance along the way and in the month of February struggle all through to attain and sustain a $23,000+ price but in mid-match to the ending of the same month Bitcoin finally, break that barrier to reach around $27,000-$28,000 with wide wind of resistance that keeps BTC price at that level for a long while.

Put seeing that bitcoin has pushed ahead of that resistance during the esther holiday to reach as high as $29,300+ which is a significant uptrend that will leave many to speculate what price bitcoin is going to reach in its current price trend, your speculation of the current market condition are all welcomed.