Topic: Bitcoin can do 30k$ this month? - page 2. (Read 1152 times)

Actually there is no news that considered as catalyst for the price of the bitcoin to go above $30,000. I can only say that the current sentiment of the BTC is postive wherein we can officially say that we are now in bull market, there are no panics in the market anymore and there are a lot of indication especially when it comes to bitcoin volume that there are huge investors who keep buying bitcoin for them to get more positions as much as they can. I've been anticipating it when this year started, my bias and predictions are really correct. The consolidation that the bitcoin did is considered as good because it earned momentum that can help for its price to breakout. The currenct price of bitcoin is around $30,000. My bias for today is that the bitcoin will test the new support at $28,900, if the price of the bitcoin will hold in that area. We can only ensure that the bull market is really strong for this year.

The next major support will be at $32,000, there is a high chance that we will see a retracement once the price of the bitcoin touch this level. For those who doesn't have yet bitcoin or other crypto, it is now the best time get bags of it because we are still in the beginning of the bull market where it is considered as the best time to acquire different assets especially if we do not want ourselved to miss out a lot of opportunities for this year. Get as much as positions as you can but make sure that you have a concrete and solid plan that will guide you and help you to achieve your goals.

I don't think there is any special reason. This price is quite normal for this point in the cycle and the rise has been quite sustained. It does not look like a spike caused by a specific event or news. We are simply slowly recovering from all the cascading leverage liquidation that took the price to sub $20,000 levels for quite some time.

Well, it's a surprise for me that it reached the $30,000 just today.


I mean it wasn't really a surprise, but to see Bitcoin surpassing that price after moving sideways for almost a week made me surprised. It seems like the bulls got the control already over the bears.
I guess congratulations to those who bought Bitcoin at a lower price. I see $30,000 as a psychological resistance, so I expect that after this unexpected price increase, the price will go down below $30,000 again. Just my speculations.

Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more.

^It's because there are rumors that the FEDS might cut the rate hike or a report might be published indicating that inflation dropping.

And if this is true, then it will be a respite to all markets, traditional and crypto and make a huge price increase. The spike right now is just a respond to this news. So imagine what will be the gains if CPI next week will be positive. I will speculate that we might be looking at least $31k tops with this latest bull run that we are going to see.

I have been trying to find out whether there was a certain event that triggered this pump? I only read that Coinbase is integrating Lightning network, but I didn't know that this is such a big deal and also that this hasn't happened yet. I didn't pay very close to attention to that.

As Coindesk said: "the cause of the move was difficult to pinpoint"

I definitely liked this headline



and it does make sense as in one other article it was also stated that more investors get into Bitcoin because the custody risk doesn't exist. Or it does exist because they could lose their coins due to making mistakes, but banks going bankrupt is on their radar now as a real threat to their assets. The time will come when less banks get bailed out and then you can potentially lose a big part of your portfolio in a single move. Bitcoin is the way to go then.

The price has crossed $29600 and the market is bullish. This makes people believe in the growth of bitcoin to go further and test $30k. Based on experts choice it is quite hard to breach and stabilize above $30k. It is predicted that the market will test and fallback if there is no good support and move around $28k. If some positive news rolls around this could test $30k and could reach the next barrier of $35k at the earliest. Along with bitcoin most of the altcoins have got similar market movement.

Right now it's already reaching $29600 almost hit $30 and still moving forward, if support will hold then we might reached
$30K maybe within the day or two.

Lucky to those who are doing some leverage there's a good amount of profits for traders who did trust Bitcoin to be more bullish this week.

Still, lots of things that can happened, traders and investors still need to be more careful always do your DYOR.

We are still at the middle of the months of april and btc is already 28k$ so it is possible or it has a big possibility that it will go 30k$ price because we are almost there 28k$ is not too far from 30k and we start the year with a good market so maybe we are not far from bull run season.

Sometimes prediction become wrong and there is not a single person who knows well about future price but as you mentioned about the month of march so this month has over and we don't see any rise which lead to 30k$ price and now it is approximately 28k$.

The future is unpredictable and if more and more people buy bitcoin then their will be a great impact on its price and also a halving will maximize the price but halving will be occur in 2024. In previous month we didn't see any greater reduction in cost but actually we see was the elevated cost more than 28k$ but has not reached to 30k$ yet.

right now it's still sitting around $28K and there doesn't seem to be any move to move up any further, so I'm as doubtful as you are that bitcoin will be able to reach over $30K this April. It must also be remembered that the world economic market situation has not yet recovered, because signs of improvement have not been proven and seen in every developing country to date. it is true that this is the right time to continue buying and holding it until the halving period will come in 2024.

Why don't you want bitcoin to drop? Don't want to buy bitcoin at a low price? Buy low and sell high is what everyone wants. On the contrary, I am expecting it to happen, and it will be great for bitcoin to drop below 25k, that will be fun for me. Bitcoin price increase is only beneficial when our pocket is full of bitcoins, and if you don't have bitcoins, the price increase is useless. I've never been afraid of bitcoin falling because I know it can't go down forever so I always look forward to it and make the most of it when it falls.

In my opinion, Q2 Bitcoin is indeed bullish, but I am still pessimistic that in April the price of bitcoin will be able to $ 30k or even more,
because we know that April is Eid Mubarak for Muslims, and according to history, the price of Bitcoin always falls when it comes ,
then this is my opinion about Bitcoin, and my advice is to buy it when the Bitcoin dump price arrives.

Last month was very bullish for Bitcoin but still Bitcoin couldn't cross $30k after getting close to doing that severally, I doubt this month to be very bullish for Bitcoin as last month was. We have barely passed the first week of the month and already negative news like this are coming out, we might as well expecting major corrections to follow considering all the fud surrounding Binance lately.

I was thinking of opening a short position but just waiting on this new week we're now entering to close so I can confirm if a correction is on the way. I don't wish Bitcoin price to fall but that's inevitable considering all the profits we made last month and we're still in a bear market.

We are still in the bear market, the price hasn't move this week and we have a minor correction. So there are a lot of in front of us, the big big challenge is to break $30k which appears to be very difficult as this point because just like any other round numbers, it's a bigger psychological barrier.

The low volume though might indicate that the bull have slowed down in their purchasing power.

And as we enter the second week, it might be the same, sideways unless there is a break out run and that we will gather momentum leading to that $30k barrier.

Really close to the price journey so far. Even though it's just an analysis and assumption, the stages of Bitcoin that are displayed show how we are now preparing to be in the green dot. Hold on and maybe the blue dots will continue for some time to come.

There is nothing to do but wait but the hope of $30k for the end of the month when looking at the movement of btc in the last few weeks as well as the condition that it is still the first week of April of course the hope is still there.
Even if it's like that, do they hit $30k or come back down I think it does for me personally it still doesn't matter much for this because like you said $30k could still be a good thing but if it does eventually we look back at my drop I don't think it's too much of a problem actually this can be used as a square off for us to increase the load and I'm actually still quite happy that their price is not at $ 30k at the moment even though it's almost close because I can still add more and more to fatten up the existing portfolio i have.

I love this tweet, it can keep my interest in bitcoin all the time. Yes it is an analysis and also an assumption, but after all things like this tend to make optimism always good.

Source: https://twitter.com/100trillionUSD/status/1643939415985729539?cxt=HHwWhsC9oYuMudAtAAAA

There has been a lot of challenges to pass $30k since last month, a lot of FUD news has prevented the price from increasing this month but we don't care about the news because we are optimistic that the next recovery will reach $30k, we just have to wait though there is some potential another correction will happen but we will increase the BTC assets if the price will fall below $20k again, we have prepared additional assets to increase the assets in the portfolio if the bitcoin price will decrease in the following months.

A positive trend to reach the price level up to $30K we will see although the bulls looked a bit exhausted pushing it today from $28K down a bit then back up to $28K in a matter of 24 hours.
From some of the cointelegraph analysis that I read today about Bitcoin, it is enough to give me a sense of confidence.

Maybe the difference lies there. Those of us who choose to invest and not trade in Bitcoin will say that it doesn't matter what the current price of Bitcoin is, this month and next month, but I don't think it's wrong if we look for information about market price developments, considering that every long-term investment activity also has a target what we want to achieve.

You are correct that it is too early to expect new ATH of Bitcoin at this time, asit is still facing challenges to break $30,000 level which appears to be a major physiological barrier, and new FUD of Binance Australia where all future contracts of Binance accounts holders were cancelled, caused negative market sentiment and Bitcoin fell below but $28,000 mark. Today it rebounded & trading above 28,000, the low trading volume suggest that  bearish reversal is possible in coming days.