I think the title thread should be changed at this point since the thread was created long ago when the price of Bitcoin was still above 40k but now Bitcoin is heading to below 20k at the moment and that is a significant change in the price.
But looking at the current conditions 30k price is not too far from us as the market can reband at any point thereby making 30k posible again.
Topic: Bitcoin fall below $30k (Read 1031 times)
The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
Right, it was a good indication that we might be on the road to have a good price of above $30k. Sometimes we just have to see this kind of bounce to feel good.
. I know that this is bear market and the price is supposed to be going down and it's hard for us to take. But sometimes it's good to see the market getting into green zone even for a week and break those red candles that we have been seeing for at least 2 months now. So let's wait how far this mini rally will go, hopefully it can break $32k.It's going to be a psychological barrier to get over or at least touch $32k this month. Even $30k is hard to maintain because it's sensitive for selling pressures. I think we have broken that read candles already for at least a week, but we can go back and have 8-9 straight red candles for sure as the market is still very bearish at this point.
The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
Because the thread is created month before now and when the price of bitcoin is still hanging to above 30k and this is why OP put this thread here , though we knew that multiple times this year that the value fell down that low.I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
and until now as in today? the price keeps falling below 30k.
Discussion on this thread has been updated on regular basis with users making replies of their Bitcoin market analysis.
The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
Because the thread is created month before now and when the price of bitcoin is still hanging to above 30k and this is why OP put this thread here , though we knew that multiple times this year that the value fell down that low .I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
and until now as in today? the price keeps falling below 30k.
I think, $20,000 will be the minimum decrease of bitcoin in this season because it will be difficult for the price of bitcoin to drop down more than $25,000 or 20,000. I believe people have started experiencing positive change in the price of bitcoin few days ago which is really giving them joy that very soon the price will move higher to allow people to make a good income from their investment. Now that the price of bitcoin has increased to $31,000, showed that the price will not decrease bellow $20,000 before it will hit higher before the end of this year 2022 because many people has used this opportunity to buy huge amount of bitcoin and hold for a brighter future to come.
The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
Right, it was a good indication that we might be on the road to have a good price of above $30k. Sometimes we just have to see this kind of bounce to feel good.
. I know that this is bear market and the price is supposed to be going down and it's hard for us to take. But sometimes it's good to see the market getting into green zone even for a week and break those red candles that we have been seeing for at least 2 months now. So let's wait how far this mini rally will go, hopefully it can break $32k.
The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.
in the last few days it has been quite difficult with the price being stagnant in that zone of 29000mt to 31.500MT, I am watching to see which direction the price will take, if it will go up or if it will go down, but I must say that a drop below 28000$ would not be a good thing because we would be close to seeing the 26000$, 24000$, 22000$ and 19000$ but if the price can go up to 32000$ and stay above that zone for a long time then it will start to go up to test again the 39000$ and who knows we could see the price be above 40.000$. for people who want to buy to make hodl I also recommend that you be cautious, don't think that you can buy at any price and that after years you will already be making a big profit, you can't live on assumptions or excessive optimism, luna showed us how dangerous this market can be
Experienced dictates your take in any events, sure thing that there are many who hope that the increase will continue
and the bull is finally waving, but like what you mentioned, if being fooled is the good term for that
I guess it's appropriate.
We can continue buying and just patiently wait for another bounce. There's nothing to rush unless you
are into scalping, which is also another form of trading.
I mean when you spend enough time on crypto, you start to just care about what you think, and stop caring about what others are saying. I know that is not really a perfect way to go, but it is definitely a good way to make your investments. It is not going to be insane or anything, but it is definitely an amazing way to just find the problems when you have one.and the bull is finally waving, but like what you mentioned, if being fooled is the good term for that
I guess it's appropriate.
We can continue buying and just patiently wait for another bounce. There's nothing to rush unless you
are into scalping, which is also another form of trading.
If you just care about speculation then you are going to end up losing some money and will never know why and what happened, but when you are making your own decisions then you could go back and look at the wrong thing and make a lot of profit from that mindset. Experience is just the money maker here.
Right, that's why others maybe attempting to buy at this price as per preev: 29,690.
So we are still nowhere $32k-$35k price level wherein we will take as a good sign that we might be on the road to recovery. But then again, based on its past history, when we are in bear market, those kind of increased are not going to last. So possible that $30k might be the baseline price for this year as far.
Go deeper and not just to follow the speculation of many analysis, it's better to do your own analysis and
decide once you completely convince yourself that you are choosing the right entry position, it's tough since the decline is
something most of us investors are really avoiding.
but long-term wise, from this current value you can start buying little by little if ever there's more decline you will continue
to buy and save all your assets till the bull bounce back and turned the favor to your side.
Good comment. I thought you are also going to disagree with his comment because it looks different already from the crowd but you are right that there is nothing wrong with what he write. Sometimes it is a good idea to experiment and follow if what we think better for us.decide once you completely convince yourself that you are choosing the right entry position, it's tough since the decline is
something most of us investors are really avoiding.
but long-term wise, from this current value you can start buying little by little if ever there's more decline you will continue
to buy and save all your assets till the bull bounce back and turned the favor to your side.
It's not bad to lay low for a while. The decline is something that a true investors are seeking for (not avoiding) but if there are people that avoids it then they are just newbies or newbies at heart. At the moment I can see that the price was now back at 29k again. So, we have been fooled once again? How many of us thinks that the price will continue to rise the moment the price touch 32k last day? Hands up.
Experienced dictates your take in any events, sure thing that there are many who hope that the increase will continue
and the bull is finally waving, but like what you mentioned, if being fooled is the good term for that
I guess it's appropriate.
We can continue buying and just patiently wait for another bounce. There's nothing to rush unless you
are into scalping, which is also another form of trading.
OP believe that the lowest price to reach after dropping down to $30k is $25k. Once after reaching down to $35k, the price reached the bottom value around $26000. Further after a hard price fluctuation between $28k and $29500, the price have bounced back close to $32k. This is kind of temporary trend change and from various experts prediction it is said to turn bearish. If the price couldn't withstand the $25k resistance, surely we can expect around $23k as the low of bearish market.
People are actually afraid of missing the accumulation period, thus $26k-$30k is a good buying range after the dip for more than 50% from the last ATH. Traders are also taking advantage of this current volatility. When they sell, Btc tends to drop below $30k then retails are buying more boosting Btc price above $30k again. I guess when there's not enough people left to buy above $25k, that would be the time the strong support would break.
https://coinmarketcap.com/currencies/bitcoin/
maybe this is the quarter of lowering and nothing we can expect to be perfect and great within this.
At the beginning of the year I was optimistic that the market would not drop below $50k, but slowly continued to decline, this of course makes us always have to be patient, if we aim for profit then long-term hold and target is better than selling at a loss, if the market is red like this time then I recommend to buy.
and also try to understand that this will be our chance to have more instead of being sad of the dumping . 
I guess by now we know that the price might be trending in the $20k-$30k and that is bear market for us. And what others have pointed out, we might want to see this kind of movement, but we are in the bear market and learn how to accept it and play. I know it's hard specially if you wanted to day trade because of the huge risk. So what others do, specially those who don't have to trade, it just fill your bags with BTC and look for long term investment.
Hmmm? Really?Let's see .. we are still on an attempt to break the $32k to $33k , im pretty sure once we get through that range, we are no longer in bearish trend.
Nearly $31k now and yet swinging ...
Good time to scalping and get some quick cash in short term though.
The bearish period anyway is a subjective one because it depends on your point of reference.
Some may look this time as bearish but if you compare it to the period where btc was like in the 17-25k, how can you identify this 30k level?
On the other hand, everyone is free to take this opportunity to possibly accumulate their btc stash.
The 30k range won't be forever, sooner or later, we may be hitting the 40k level again.
Right, that's why others maybe attempting to buy at this price as per preev: 29,690.
So we are still nowhere $32k-$35k price level wherein we will take as a good sign that we might be on the road to recovery. But then again, based on its past history, when we are in bear market, those kind of increased are not going to last. So possible that $30k might be the baseline price for this year as far.
I guess by now we know that the price might be trending in the $20k-$30k and that is bear market for us. And what others have pointed out, we might want to see this kind of movement, but we are in the bear market and learn how to accept it and play. I know it's hard specially if you wanted to day trade because of the huge risk. So what others do, specially those who don't have to trade, it just fill your bags with BTC and look for long term investment.
Hmmm? Really?Let's see .. we are still on an attempt to break the $32k to $33k , im pretty sure once we get through that range, we are no longer in bearish trend.
Nearly $31k now and yet swinging ...
Good time to scalping and get some quick cash in short term though.
The bearish period anyway is a subjective one because it depends on your point of reference.
Some may look this time as bearish but if you compare it to the period where btc was like in the 17-25k, how can you identify this 30k level?
On the other hand, everyone is free to take this opportunity to possibly accumulate their btc stash.
The 30k range won't be forever, sooner or later, we may be hitting the 40k level again.
I guess by now we know that the price might be trending in the $20k-$30k and that is bear market for us. And what others have pointed out, we might want to see this kind of movement, but we are in the bear market and learn how to accept it and play. I know it's hard specially if you wanted to day trade because of the huge risk. So what others do, specially those who don't have to trade, it just fill your bags with BTC and look for long term investment.
Hmmm? Really?Let's see .. we are still on an attempt to break the $32k to $33k , im pretty sure once we get through that range, we are no longer in bearish trend.
Nearly $31k now and yet swinging ...
Good time to scalping and get some quick cash in short term though.
I guess by now we know that the price might be trending in the $20k-$30k and that is bear market for us. And what others have pointed out, we might want to see this kind of movement, but we are in the bear market and learn how to accept it and play. I know it's hard specially if you wanted to day trade because of the huge risk. So what others do, specially those who don't have to trade, it just fill your bags with BTC and look for long term investment.
Go deeper and not just to follow the speculation of many analysis, it's better to do your own analysis and
decide once you completely convince yourself that you are choosing the right entry position, it's tough since the decline is
something most of us investors are really avoiding.
but long-term wise, from this current value you can start buying little by little if ever there's more decline you will continue
to buy and save all your assets till the bull bounce back and turned the favor to your side.
Good comment. I thought you are also going to disagree with his comment because it looks different already from the crowd but you are right that there is nothing wrong with what he write. Sometimes it is a good idea to experiment and follow if what we think better for us.decide once you completely convince yourself that you are choosing the right entry position, it's tough since the decline is
something most of us investors are really avoiding.
but long-term wise, from this current value you can start buying little by little if ever there's more decline you will continue
to buy and save all your assets till the bull bounce back and turned the favor to your side.
It's not bad to lay low for a while. The decline is something that a true investors are seeking for (not avoiding) but if there are people that avoids it then they are just newbies or newbies at heart. At the moment I can see that the price was now back at 29k again. So, we have been fooled once again? How many of us thinks that the price will continue to rise the moment the price touch 32k last day? Hands up.
At the beginning of the year I was optimistic that the market would not drop below $50k, but slowly continued to decline, this of course makes us always have to be patient, if we aim for profit then long-term hold and target is better than selling at a loss, if the market is red like this time then I recommend to buy.
But, before we begin this year the price of btc have already fall below 50k and it only continue by the time 2022 have entered but when it comes to having a patience, well not all have that.What triggers them by the time the price declines is only fear. They think this was the end because the declines are fast and seem to be nonstop but for those who have patience, they can use it either for buying, because they can wait for the price to dip more or for selling because they will wait for the highest possible price before they finally dispose their coins. Other than long term holding, you can also earn a profit for short term holding and as well as in trading.
and if it doesn't hold back then something terrible we'll see, hopefully Q3 2022 can make Bitcoin is over $30k again
At the beginning of the year I was optimistic that the market would not drop below $50k, but slowly continued to decline, this of course makes us always have to be patient, if we aim for profit then long-term hold and target is better than selling at a loss, if the market is red like this time then I recommend to buy.
But, before we begin this year the price of btc have already fall below 50k and it only continue by the time 2022 have entered but when it comes to having a patience, well not all have that.What triggers them by the time the price declines is only fear. They think this was the end because the declines are fast and seem to be nonstop but for those who have patience, they can use it either for buying, because they can wait for the price to dip more or for selling because they will wait for the highest possible price before they finally dispose their coins. Other than long term holding, you can also earn a profit for short term holding and as well as in trading.
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Yes you right getting your own personal experience and first hand analysis will aid your entry position, and sine we dealing with a highly volatile commodity such as Bitcoin the position one enter the market will determine the kind of experience you will get in the future either it will be negative or positive. But in all entering the when the price is low is the best entry position. Jump to: