Bitcoin can do 30k$ this month? - page 9.

tomos81

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It is not unusual for Bitcoin to hit 30k in March. Bitcoin Price We are just nearing a bull market and Bitcoin price could be dumping from here. It totally depends on the investors that the more the investment, the higher the price of Bitcoin will increase. Bitcoin price is very unlikely to go down now.

Silberman

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Quote from: blockman on March 17, 2023, 07:54:07 PM

Quote from: sonali2015 on March 17, 2023, 03:49:34 AM

Bitcoin can pump 30k or down again 20K

Either.
You'll always get that answer for asking if bitcoin is going to be up or down by the end of the month. Volatility is gonna give the idea that it's always like that.
We don't have accurate answers for it but by looking at the charts now, it's very positive that we might see close or exact $30k by the end of this month.
But just to be safe with our expectations, always think of the possibility that it may go down again as it always does.

Predicting the price of bitcoin has always been a challenge but lately this has become even more difficult, we had a difficult start and then when it seemed things could become extremely bearish the market sentiment changed again and now it is extremely bullish, and now we are close to break through the 28k resistance level, and if that happens then the chances of surpassing 30k seem high enough for me, taking into account how much time we have left before the month of March ends.

Iranus

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Quote from: LogitechMouse on March 17, 2023, 09:56:36 PM

Last night, the price of Bitcoin is at around $26,000. By the time I woke up, the price of it already reached $27,500.
A huge spike in just a few hours.

RSI currently is on the overbought territory already. It's only one indicator, but I guess we will see a bit of a correction in the next few days after this massive pump. I guess it's always a positive sign for the cryptocurrency market whenever the FED is printing money right? Cheesy

They just printed money because of what happened to SVB, and now we are seeing Bitcoin pumping.

As for Bitcoin reaching $30,000 this month, we are at the mid of the month and still have at least 2 weeks before the month ends. Maybe it will, but for that to happen, there must be some catalyst/s that will make the price of Bitcoin pump (maybe the FED Press Conference). I don't know what it is, but Bitcoin will not reach $30,000 if there are no reasons at all.

Anything can happen even for no reason. Recall what happened earlier this year when bitcoin suddenly surged from $19k to $23k for no reason, and then it continued to move around this area for a while before breaking through past 27 thousand dollars today.
Regarding the Fed, I see many economists making optimistic predictions that they will only raise rates by 25 points, and if that happens will be the catalyst for bitcoin to conquer the $ 30k mark. Bitcoin is like that, unpredictable and can be pumped at any time.

LogitechMouse

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Last night, the price of Bitcoin is at around $26,000. By the time I woke up, the price of it already reached $27,500.
A huge spike in just a few hours.

RSI currently is on the overbought territory already. It's only one indicator, but I guess we will see a bit of a correction in the next few days after this massive pump. I guess it's always a positive sign for the cryptocurrency market whenever the FED is printing money right? Cheesy

They just printed money because of what happened to SVB, and now we are seeing Bitcoin pumping.

As for Bitcoin reaching $30,000 this month, we are at the mid of the month and still have at least 2 weeks before the month ends. Maybe it will, but for that to happen, there must be some catalyst/s that will make the price of Bitcoin pump (maybe the FED Press Conference). I don't know what it is, but Bitcoin will not reach $30,000 if there are no reasons at all.

KennyR

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Quote from: blockman on March 17, 2023, 07:54:07 PM

Quote from: sonali2015 on March 17, 2023, 03:49:34 AM

Bitcoin can pump 30k or down again 20K

Either.
You'll always get that answer for asking if bitcoin is going to be up or down by the end of the month. Volatility is gonna give the idea that it's always like that.
We don't have accurate answers for it but by looking at the charts now, it's very positive that we might see close or exact $30k by the end of this month.
But just to be safe with our expectations, always think of the possibility that it may go down again as it always does.

The market is very positive and could reach $30k at the earliest. The price have crossed $27k and close to $28k. This looks like the market to fluctuate within the limits for some time period and moves forward or downwards further.

Market expectations are for bullish move, but we can't be sure about the changes happening around. Based on the halving scheduled for the upcoming year we can't expect big growth to happen now. What we experience seems to be the regular growth with fluctuation.

blockman

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Quote from: sonali2015 on March 17, 2023, 03:49:34 AM

Bitcoin can pump 30k or down again 20K

Either.
You'll always get that answer for asking if bitcoin is going to be up or down by the end of the month. Volatility is gonna give the idea that it's always like that.
We don't have accurate answers for it but by looking at the charts now, it's very positive that we might see close or exact $30k by the end of this month.
But just to be safe with our expectations, always think of the possibility that it may go down again as it always does.

EdenHazard

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Quote from: MusaPk on March 17, 2023, 08:50:38 AM

Quote from: hZti on March 17, 2023, 05:29:20 AM

Bitcoin was in a downtrend for long, which means that the current price levels are not representing a fair price anymore. We will see if downtrend is reversed and we can return to normal levels 30-40k

Bitcoin has gong up breaking its long bearish trend. Right now it's on 26k and speculations are that it may go to 30k from here on. TBH I have seen bitcoin going up and down in past and based on my analysis there is no way we can predict future price of bitcoin. Its best to buy bitcoin when it's down and then wait for bullish season. Just stop following news that bitcoin is going to moon next week.

The resistance broken few days ago and pretty standard for everyone to straight expecting this monentum to get through the next line at $30k before we are attempting for the new ath next year after the galving occured , i just warn everybody as well as the free fall could happened though after this.

Beware just beware , i knew it ... the freefall awaits ahead at the end of the day.

erep

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Quote from: fadhilz123 on March 17, 2023, 06:47:42 PM

I see it as an ordinary moment even though it has an effect for the increase in stocks and for the Bitcoin market as well. And what is seen today is proof that Bitcoin will continue to pump its price up to $30K where at this time Bitcoin has passed the price level of $27K and it is still increasing to almost very close to $28K. So I really believe and am optimistic that Bitcoin can touch $30K this month as long as there is no more bad news coming for Bitcoin.

If you review the previous move this month from a high of $25k to a drop to $19k, then there was an instant recovery to hit $25k again, so all of the crypto moves now are not ordinary moments because the market has more bullish indications than speculation $30k in forecasts for the month, overall the market has closed Q1 well and a major market recovery has been achieved in the first quarter and I really look forward to a significant price increase in the following quarters.

kryptocanon

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Bitcoin hitting 30k isn't much of a big deal to achieve with the current wave portrayed on the chart. Not to even mention that the so-called month just reaches halfway, so there are more days to cover.

Nailing 30k is highly possible but how long can it maintain that level stance if it eventually reaches it? That obviously should be the exploration.

fadhilz123

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Quote from: sonali2015 on March 17, 2023, 03:49:34 AM

I get news from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost $1,000 versus overnight lows of $24,229 on Bitstamp.

The pair remained buoyant as news hit that Switzerland’s central bank was due to inject $50 billion Swiss francs ($53.8 billion) into the embattled Credit Suisse, shares of which added 40% on the day.So whats about you ? Bitcoin can pump 30k or down again 20K

Source link https://cointelegraph.com/news/bitcoin-returns-to-25k-as-credit-suisse-bailout-precedes-eu-rate-hike-move

I see it as an ordinary moment even though it has an effect for the increase in stocks and for the Bitcoin market as well. And what is seen today is proof that Bitcoin will continue to pump its price up to $30K where at this time Bitcoin has passed the price level of $27K and it is still increasing to almost very close to $28K. So I really believe and am optimistic that Bitcoin can touch $30K this month as long as there is no more bad news coming for Bitcoin.

JoyMarsha

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Quote from: sonali2015 on March 17, 2023, 03:49:34 AM

Bitcoin can pump 30k or down again 20K

That implies that either of the prices you indicate ($30k or $20k) is possible. By the end of the month, nobody is quite sure what the price of bitcoin will be though.

Given that the price of bitcoin has been rising for some time now, it is possible that it will reach a price of $28,000–$30,000 before the month is over. However, what will happen after that? Will the price rise further or return to its usual range of $21k–$23k in the upper month? That is the question we must ask ourselves before being positive about the bitcoin price

lionheart78

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The current Bitcoin breaks out makes $28k into view. According to this article[1] with this chart:

The article stated that the Bitcoin movement has shifted the focus to the next technical hurdle above 28k. Also Markus Thielen (head of research and strategy at crypto financial-services firm Matrizport) stated that Bitcoin has now the chance to climb to the next technical level which is situated at $28k. He also said that Bitcoin rally has been reacted and retested increment is within $4000 range increment point - $16k, $20k, $24k, so the next target of the break is now $28k.

If the prediction of $28k happens then $30k is just around the corner.

[1] https://www.coindesk.com/markets/2023/03/17/bitcoin-breakout-has-put-28k-in-cross-hairs/

KingsDen

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Quote from: sonali2015 on March 17, 2023, 03:49:34 AM

I get news from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost $1,000 versus overnight lows of $24,229 on Bitstamp.

The pair remained buoyant as news hit that Switzerland’s central bank was due to inject $50 billion Swiss francs ($53.8 billion) into the embattled Credit Suisse, shares of which added 40% on the day.So whats about you ? Bitcoin can pump 30k or down again 20K

Source link https://cointelegraph.com/news/bitcoin-returns-to-25k-as-credit-suisse-bailout-precedes-eu-rate-hike-move

30,000 dollars speculation is very achievable and possible this month.The last time I saw bitcoin was at 26,868 dollars.
Which means every other movement could touch $30k but if bitcoin reaches $30k, it will not dwell there for long and it will drop back.
I am happy to understand that bitcoin has broken the supposed 25,000 dollars resistance. Since it broke the $25k bench, it is possible it can go higher especially now that so many favourable fundamentals are hitting the industry.

stomachgrowls

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Quote from: Eternad on March 17, 2023, 08:58:27 AM

Injecting additional money to assist downfall bank will not gonna change the outcome in the long run. The debt will just keep increasing since everyone is affected by the inflation. This kind of reaction of Bitcoin price to this news is scary. It shows how people is just buying the news without thinking of its true effect in the market.

One bad news needed to collapse this kind hype. Traders is literally playing with fire on banking shit condition right now. Feds keeps printing money that will surely fuel the hyper inflation faster. Brace yourself on what’s coming next.

Inflation? Its been there ever since
Printing money? Not something new
Hype? Of course.
Temporary pump? Possible.

All of the banking news that we do hear off recently then pretty sure it did really make out some contribution on how this market behaves but if we do talk
about realistically.Then how much % is actually the price increase that we are talking on here? Its not really that much, right?

LFC_Bitcoin

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We hit $27,000 but let’s not get too excited. I really hope as much as anybody that we smash through $30,000 but nothing continuously goes up in a straight line. We were at $16,000 not too long ago so to be at just under $27,000 right now, with all the uncertainty around the banking industry is nothing short of fantastic. I expect we will see some selling before we hit $30,000 but if the market can absorb that & smash through $30,000 we will be in a very good position.

$crypto$

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Quote from: Darker45 on March 17, 2023, 08:49:27 AM

Who can tell? But since the price at this point is almost $27,000, I would say $30,000 is more probable than $20,000. Of course, $30,000 is nearer, and it seems Bitcoin has gained a nice momentum ever since it recovered from that unexpected fall below $20,000. Although we may see $20,000 anytime within the month, if I will make a bet, I would happily place it on $30,000. I'm particularly amazed that even with what happened to certain banks that are crypto friendly and with USDC depegging, Bitcoin remains strong.

I am more inclined to $30,000 than $20,000 this is still too far away even though we don't know what will happen at the end of this month but after my analysis this recovery will be strong enough and last until it can break to $ 30,000 this is still very likely to happen and bitcoin will be more solid than other news.

Maybe some of the bank credits will switch to bitcoin instead of keeping it in the bank because there have been many issues about other banks experiencing a decline so that bitcoin growth this week has been quite high, above 30%.

CoinEraser

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30k$ would be a nice goal at the end of the month. But nobody can predict whether it will really come to that. As you could see, the prices have gone up and down again and again in the last few weeks. So my opinion is, yes, 30k$ is possible, but 20k$ is also possible. The market is changing too fast these days. While I hope we see the 30k$ rather than the 20k$, I wouldn't bet on it either. Wink

pooya87

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We have a couple of very positive signs in the bitcoin market.
First is the fact that price broke the $25k resistance which was a major one and it should turn into a strong support now. But also these small $1k rises are coming at the same time as the banking systems around the world are starting to see problems. Like the US bank that was shut down which was apparently a massive thing. In other words people are moving to bitcoin as the fiat world collapses which is a very positive sign.

All in all this is a good trend and $30k may not be that far despite the ongoing recession...

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Quote from: maydna on March 17, 2023, 11:08:00 AM

Hopefully, bitcoin can pump up to $30k and get a little correction, then continue pumping up to $35k Grin

For now, I see that there is a possibility that the price will continue to increase towards the $30k price, but I don't think it can be achieved soon because somehow the bitcoin price has to pass the $27k-$30k price, and that will also take time. But it looks like we have reached $27k at the moment. Even though the price may not increase fast but in the future, it will reach $30k. So take your time to withdraw profits, and if you still want to wait for a higher price, you can hold on to your bitcoins.

With the current Bitcoin phenomenon, $30K this month is an obvious one. Even when it crosses the $20K line and then wakes up we see a renaissance. Is it possible to reach the end of the month touching $30K? obviously, for Bitcoin it will be very easy. The price as I write is around $26,500 so if at the end of the month, it jumps over $30K then for April Fools it might be a bit of a shock.

thecodebear

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Bitcoin is finally out of the bottom of the bear market. After initially breaking through up to $26k it dropped back down for a couple days, looked like it was a false breakout, but back to $26k now so looks like the bear market is over. Which means we could definitely see $30k before the end of the month. Plenty of negative things going on though that are holding people back from coming back in with lots of money so it'll likely be a grind back up this year. But $30k is definitely possible in the next few weeks.

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