Bitcoin price support above 30000? | Bitcointalksearch.org

bitbunnny

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Very happy because the price of bitcoin rose again above $40k, when the price of bitcoin reached $34 I thought the price would continue to drop and made me panic then I sold the price at $34600, although I regret selling bitcoin cheaply but I'm happy because the price of bitcoin rose again and I'm sure March will be above $50k.

Many made the sane decision and sold their coins but it's understandable. However, we have to bear in mind how unpredictable and risky these times are and how much any type of crysis can influence the Bitcoin price in both ways. Therefore we need to be prepared on every scenario but without haste decisions.
I'm not so sure that Bitcoin might cross $50 k so soon, maybe in the second part of the year.

STT

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I just noticed this especially recently but on weekly bars going back about 10 months the lows do reflect a rising trend. I have to respect that potential underlying as perhaps bullish action that can occur. First I would like price action to beat and stay above the 50 day average and so on but if this kind of event can occur and we close in that upper pricing every weekly close of the bar on the graph then I would take it as genuine. Its not exactly 30k as OP asked, but we have been rising in the lows get a pencil and ruler out and you will see what I mean.
Low prices are far more genuine and solid to be relied on for estimation then the highest prices which are froth and hype most often.

cryptomaniac_xxx

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Quote from: onecall123 on March 07, 2022, 12:43:05 AM

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Quote from: gantez on February 25, 2022, 12:52:55 PM

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Indeed, Bitcoin's price momentum changed drastically until it experienced the deepest decline after bitcoin failed to sustain its price gains since early February between $42k-$45k. Therefore, if the price of bitcoin continues to move downwards, the strong support for bitcoin probably will be in the $33k area.

Today showed a positive move in price. I think like I said we may be going up to $45k resistant area. The move to $33k and below was not looking visible this weekend and we may see more volatility with the new week taking us up to $45k.

Indeed the last few days the price of bitcoin had risen to the level of $ 44k. But it looks like the price is still moving on a downward track where the bitcoin price is currently around $39k. I see the price of bitcoin still has the potential to continue its decline.

The goal is 30k before leg up, but I think it will be very soon. This is something I keep asking myself every day. Consequently, I believe that it will stay between 34-40k. It does not seem possible for it to rise three candles outside. Surviving only within this space. Binary options are tempting all the way to the mark, a brilliant way to make sweet gains. No matter what happens, I won't care. I'll still make money, no matter what the market does.

I guess there is no wrong when the price keeps on fluctuating between $39k-$40k. As I believed that we are in a bear market, this price range is still good to make some money, like if the price goes down to $45k, so obviously, you have to wait till it has a good bounce to $40k before selling. I'm not into binary options but if you think you can make money out of it then you should go.

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Quote from: Oshosondy on February 24, 2022, 08:01:18 AM

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Seemingly it is mate, look at the market chart now as Bitcoin is making its way up following with altcoins https://coinmarketcap.com/currencies/bitcoin/ if the increase will continue till tomorrow then we may expect the best result any time in march as we are entering the last month of the first quarter.
and mostly there is a changes after 1st quarter and the 3rd and then the 4th .

Quote from: Scripture on February 24, 2022, 04:08:35 PM

Bitcoin is decentralized but people are not, its normal to see the whole world panicking and the price resulted to negative for Bitcoin. Let’s hope for a strong $30k support level so we wont see a more cheaper price but of course it can still go down deeper which is more possible to happen if many countries get involve on war. The price will only become stable once they stabilize the situation in Ukraine and make a peaceful resolution with Russia.

just after 10 hours from dumping , Bitcoin and the whole market recovers and now we are seeing the best increase or the fastest since the beginning of 2022.

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Quote from: gantez on February 25, 2022, 12:52:55 PM

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Indeed, Bitcoin's price momentum changed drastically until it experienced the deepest decline after bitcoin failed to sustain its price gains since early February between $42k-$45k. Therefore, if the price of bitcoin continues to move downwards, the strong support for bitcoin probably will be in the $33k area.

Today showed a positive move in price. I think like I said we may be going up to $45k resistant area. The move to $33k and below was not looking visible this weekend and we may see more volatility with the new week taking us up to $45k.

Indeed the last few days the price of bitcoin had risen to the level of $ 44k. But it looks like the price is still moving on a downward track where the bitcoin price is currently around $39k. I see the price of bitcoin still has the potential to continue its decline.

The goal is 30k before leg up, but I think it will be very soon. This is something I keep asking myself every day. Consequently, I believe that it will stay between 34-40k. It does not seem possible for it to rise three candles outside. Surviving only within this space. Binary options are tempting all the way to the mark, a brilliant way to make sweet gains. No matter what happens, I won't care. I'll still make money, no matter what the market does.

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Right now the price is around $38800. The market is supposed to get support and if this doesn't happen without breaking the 50MA the market seems to drop down to 35k. If that happens once again $30k will serve as the major resistance. Looking upon the way the market drop has taken place, there is more room for crash than bullish move. The trade on bitcoin to ruble is on the peak as people consider bitcoin as the safe haven for all that earned throughout their lives.

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Quote from: SirLancelot on March 03, 2022, 04:40:21 PM

Price decline? Have you checked the markets, it has gone up 23%+ in the last week alone. How is that a a price decline? We are talking about a huge increase in the past week alone.

Definitely you have not been posting on this thread since it started, also probably you have not been checking the market like day traders can check it, that is why you do not know much about the price. Let me repeat myself again, when Putin declared Russia soldiers to invade Ukraine, immediately the price of bitcoin including other cryptocurrencies falled which was said to be because some traders and holders panicked, but the price started to increase back like 13 hours after the invasion.

bots1 is also right, what he is talking about is what is happening recently, there is 50% sell off Russian crypto assets on exchanges, this was said could have been the reason the market has been falling, like bitcoin which increased to $45000 is now $41900 presently.

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Quote from: STT on March 03, 2022, 07:38:37 PM

38k area is likely pivotal for a number of reasons. I dont know we have to pull back that far but the fact we lost 40k makes a greater challenge more likely to occur as traders naturally take both sides in search of profits.

My target downside is about 40 to 41k. Trading there and resolving upwards would be the bullish scenario despite the pullback apparent at that moment it helps to confirm all prices and resolve positively.

the trend seemingly dropping mate and yes you looks like correct in your prediction here , because this is what i Observe overnight as the price of Bitcoin fell again by 3k in 24 hrs

https://coinmarketcap.com/currencies/bitcoin/

But if the chance of falling down to 38k may happen in sooner time then this will trigger me to Buy more as i have funds standby for buying the dip.

there are many speculations that says half of the year 2022 will be a drop si if this happens then we will be having the 2nd quarter more dumps .

STT

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38k area is likely pivotal for a number of reasons. I dont know we have to pull back that far but the fact we lost 40k makes a greater challenge more likely to occur as traders naturally take both sides in search of profits.

My target downside is about 40 to 41k. Trading there and resolving upwards would be the bullish scenario despite the pullback apparent at that moment it helps to confirm all prices and resolve positively.

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Quote from: SirLancelot on March 03, 2022, 04:40:21 PM

Quote from: bots1 on March 03, 2022, 08:17:46 AM

Quote from: Oshosondy on February 24, 2022, 08:01:18 AM

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Indeed, the increasingly heated Russian invasion of Ukraine has triggered a massive sell-off that has resulted in the price of bitcoin experiencing a very deep price decline. Therefore, I think the current price decline may continue. However, the Bitcoin price took months to recover until it scored a new ATH again.

Price decline? Have you checked the markets, it has gone up 23%+ in the last week alone. How is that a a price decline? We are talking about a huge increase in the past week alone. People should realize that anything bad in the world equals to fiat being devalued and when fiat is devalued then crypto is valued even more. People do not see this as an option and they need to start seeing it that way.

I personally feel more comfortable about bitcoin during this war, I was lucky enough to get it "cheap" compared to what it is right now and the war was imminent so I saw the potential of a war and said the war would result with higher crypto prices and I was right, it was so obvious.

Usually these kind of threads been created on the times where market is declining and on a period of time on where people do make out some late replies then they would look after on the current price on where they are writing and this is why we do really end up on having this kind of question which is really that very common.If we do sit on 36k price point then we would really be having that question in mind too if we would able to
reach up that 30k support and might go even more below but we've seen the market had made out some significant recovery which is really great to look at and now we are that sustaining.

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Quote from: bots1 on March 03, 2022, 08:17:46 AM

Quote from: Oshosondy on February 24, 2022, 08:01:18 AM

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Indeed, the increasingly heated Russian invasion of Ukraine has triggered a massive sell-off that has resulted in the price of bitcoin experiencing a very deep price decline. Therefore, I think the current price decline may continue. However, the Bitcoin price took months to recover until it scored a new ATH again.

Price decline? Have you checked the markets, it has gone up 23%+ in the last week alone. How is that a a price decline? We are talking about a huge increase in the past week alone. People should realize that anything bad in the world equals to fiat being devalued and when fiat is devalued then crypto is valued even more. People do not see this as an option and they need to start seeing it that way.

I personally feel more comfortable about bitcoin during this war, I was lucky enough to get it "cheap" compared to what it is right now and the war was imminent so I saw the potential of a war and said the war would result with higher crypto prices and I was right, it was so obvious.

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Quote from: Oshosondy on February 24, 2022, 08:01:18 AM

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Indeed, the increasingly heated Russian invasion of Ukraine has triggered a massive sell-off that has resulted in the price of bitcoin experiencing a very deep price decline. Therefore, I think the current price decline may continue. However, the Bitcoin price took months to recover until it scored a new ATH again.

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Bitcoin have shown a great resistance level at $40,000 and at the moment bitcoin have started this week with a 43k+ price after touching 44k in the late ours of Monday before correcting back to.43k at the moment am thinking Bitcoin is riding on the same pattern it did last year and before the month of April, Bitcoin may touch the 50k+ price.

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Quote from: yohananaomi on March 02, 2022, 05:40:27 AM

the nature of bitcoin is decentralized, there is no institution or anything that can regulate it. but if there is bad news that simultaneously and simultaneously will trigger the movement of bitcoin because the market responds negatively, so the price can eventually make it corrected. but it seems that now it has started to improve although it is not certain that it will be able to move up quickly and will remain stable at the current price, which is a positive thing.

Unfortunately the decentralization of crypto has been gone for a long time. Bitcoin itself could be decentralized and that is great, but all the places that we are using our bitcoin became a lot more centralized. Just recently I believe opensea decided to hold every single NFT of Russians and sell that to give it to Ukraine, it may not be opeansea, but it was an NFT marketplace.

Can you imagine how centralized that is? What did NFT investors from Russia ever do to the world? It was Putin and his officials that started this war, and for some reason Russian NFT investors got the bad end of the stick out of nowhere. That's why it is such a horrible situation to be in and crypto is no longer decentralized.

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Quote from: bitterguy28 on February 28, 2022, 07:48:01 PM

Can we change the title now to "Bitcoin Support Price above 40000"? because now bitcoin once again prove that it is worth a Hold and buy in dip.

The price is above $40000 and this is showing support at this level, I would have changed the title but the Russia and Ukraine war is linked to it which drove the price below $35000. You can open another discussion thread if you think $40000 will be a strong support.

Quote from: Mamun74 on February 28, 2022, 12:09:00 AM

This year although same time bitcoin price was under $30k but it touched $65k+ in 2021. So i hope This year bitcoin more increase than previous year. I hope bitcoin will grow up in This year and bitcoin price will avobe $50k+ this year.

Bitcoin ATH was $69000 which was last year. What I am thinking is that bitcoin price may increase but may not reach ATH until next halving when people will FOMO and buy.

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Quote from: Oshosondy on February 24, 2022, 08:01:18 AM

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

I agree, that usually news about anything involving a big country like Russia will certainly affect the movement of bitcoin. not even from investors who feel panicked and afraid of a decline so that they release their bitcoins so that the market responds negatively.
but it looks like the russia and ukraine news is not too long ago and now the bitcoin price has started to improve and hope there will be more good news so that it can continue to move up, although it may be difficult, but still optimistic.

Quote from: Oshosondy on February 24, 2022, 08:01:18 AM

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

the nature of bitcoin is decentralized, there is no institution or anything that can regulate it. but if there is bad news that simultaneously and simultaneously will trigger the movement of bitcoin because the market responds negatively, so the price can eventually make it corrected. but it seems that now it has started to improve although it is not certain that it will be able to move up quickly and will remain stable at the current price, which is a positive thing.

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Quote from: GreatArkansas on February 28, 2022, 08:53:33 PM

Quote from: bitterguy28 on February 28, 2022, 07:48:01 PM

Can we change the title now to "Bitcoin Support Price above 40000"? because now bitcoin once again prove that it is worth a Hold and buy in dip.
(....)

This is now the psychological support for me, after breaching the $40,000. Look how $40,000 acted support now, Bitcoin reached $44,000 immediately. This is how I label supports and resistance since last year, by $10,000 after we broke $20,000 last year.
So for me now too, $40,000 supports, $50,000 resistance.

For now this is an unexpected support, because the world is under hard days. Same time this support level have helped with the massive adoption of bitcoin which further boosts the market. The price that fell on the starting day of war have increased drastically. This has once again proven that holding gives good return. March used to be big in every year, maybe the same is happening this time.

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Quote from: bitterguy28 on February 28, 2022, 07:48:01 PM

Can we change the title now to "Bitcoin Support Price above 40000"? because now bitcoin once again prove that it is worth a Hold and buy in dip.

seeing that the value is at 43k now it is not long to see 50k and another hyping soon.

Long live to bitcoin holder as we are now getting our profit from trusting the coin.

Not yet, I guess.
We do not even know if the support price can hold the price not to go down below $40k.
Maybe we need to wait a few days later to see if the price can increase to the next high price as this movement is good for the crypto market.
But it is, reaching $50k is not easy because before going that price, it will get more fluctuation and be like a roller coaster.
I just hope that $40k is really a support zone Grin

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Quote from: bitterguy28 on February 28, 2022, 07:48:01 PM

Can we change the title now to "Bitcoin Support Price above 40000"? because now bitcoin once again prove that it is worth a Hold and buy in dip.
(....)

This is now the psychological support for me, after breaching the $40,000. Look how $40,000 acted support now, Bitcoin reached $44,000 immediately. This is how I label supports and resistance since last year, by $10,000 after we broke $20,000 last year.
So for me now too, $40,000 supports, $50,000 resistance.

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Can we change the title now to "Bitcoin Support Price above 40000"? because now bitcoin once again prove that it is worth a Hold and buy in dip.

seeing that the value is at 43k now it is not long to see 50k and another hyping soon.

Long live to bitcoin holder as we are now getting our profit from trusting the coin.

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