Bitcoin price support above 30000? - page 3.

tabas

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Quote from: TimeTeller on February 24, 2022, 06:22:42 PM

Quote from: tabas on February 24, 2022, 06:16:46 PM

-snip-

With the tension between Russia and Ukraine, I believe, this scenario will further boost the btc market.
Because people are looking for alternative ways on how to secure their assets or how to send safely their money outside.
And that bitcoin is a very good candidate in this situation. Surpassing the 40k mark would be easy in the next few days.
In my opinion, this is a good opportunity to invest while bitcoin is still in this position.
But don't forget about possible consequences, it may be worst for all we know. So invest what you can afford to lose.

There's somehow a boost in the market but it didn't break $40k. There's still something that stops bitcoin reaching that price. It's all about the market anymore and these conflicting news are always there and what stops bitcoin reaching that level is we don't know.
As always about buying, everyone is good to buy at these levels if they haven't bought yet because it surely is going to be a good time to buy whenever price is lower.

gantez

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Quote from: Epaper on February 25, 2022, 11:14:49 AM

Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

$39k area is likely to be the break for the next resistance at $45k. The price today appreciated with high volatility from yesterday's drop below $35k. Hopefully as the day progress and the fears in Ukraine and Russia goes away with time the price can stable up again.

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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.

Epaper

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Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

ethereumhunter

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This day seems the bitcoin price is not up or down too much in the market. The price of $38k is still there and hopefully, this weekend will not go down too deep so it will be good to increase more in the next week. If you still hold your bitcoin from the dips yesterday or already bought bitcoin at the dip, you can feel good as you can sell your bitcoin now and make a profit. Otherwise, you can still hold your bitcoin for the next rising of the price.

peter0425

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it is already shown now that Yes the strong hold is 30k , actually it is 33k to be specific that is what Bitcoin is all bringing us the thrill and the excitement .

some of us already panicked yesterday , but look at the market today? is this the reason to panic?

Quote from: Reid on February 25, 2022, 05:15:57 AM

Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?

Either in Russia there is no that flowing , but the idea that these 2 countries are trying to adopt bitcoin? and the chance of bringing World war III? that is what others considering now.

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Quote from: Reid on February 25, 2022, 05:15:57 AM

Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?
I don't agree with that point of view. There are other reasons behind all this dump market and perhaps they are doing it now so that the like of us will use only the geopolitics happening in Russia and Ukraine while they are hidden in the shadows. Who knows, it could be whale dumping it or just a normal correction.

Because that one is easily to be seen and one of the major basis of others to look at that's why we are experiencing this huge dip. The war of Ukraine and Russia has a big effect on global market and I believe we can see more worse once the war will explode more towards their target countries also if there are other 1st world country will join the war to stop Russia on its currently doing.

Reid

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Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?
I don't agree with that point of view. There are other reasons behind all this dump market and perhaps they are doing it now so that the like of us will use only the geopolitics happening in Russia and Ukraine while they are hidden in the shadows. Who knows, it could be whale dumping it or just a normal correction.

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Quote from: LogitechMouse on February 25, 2022, 02:46:11 AM

Well, hours just after Putin declared war on Ukraine everything dropped including the crypto market and it went down as low as $35,000.
It went below that price but went back above it a few hours after and now recovered from the price where it was before the announcement has said.

With what happened, I'm not expecting Bitcoin to go $30,000 at least in the short term unless this Russia-Ukraine war will stay for a longer period of time. This war might cause a domino effect negatively. Other countries will respond to what is happening and it might affect the prices of different markets including crypto.

Agree on this, The panic seller buy back again after the price become stable but still the current price is a do or die for Bitcoin since that wick on chart only means that some traders already have a quick profit and ready to take profit once there's another batch of bad news occur especially the long awaited move of US against the Russia invasion. Ukraine president is urging there allies that watching them suffer, I'm really doubtful if Russia will retreat considering there effort to demilitarized Ukraine.

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Well, hours just after Putin declared war on Ukraine everything dropped including the crypto market and it went down as low as $35,000.
It went below that price but went back above it a few hours after and now recovered from the price where it was before the announcement has said.

With what happened, I'm not expecting Bitcoin to go $30,000 at least in the short term unless this Russia-Ukraine war will stay for a longer period of time. This war might cause a domino effect negatively. Other countries will respond to what is happening and it might affect the prices of different markets including crypto.

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Quote from: Findingnemo on February 24, 2022, 10:29:13 AM

I wouldn't be surprised if it reaches 25K because that can be the lowest low if this is actually the bearish trend and we are not actually far away from this happening because lot of things aren't good now the war mode between countries almost crashed every investments sectors.

Do you think bitcoin can yet reduce to $25000? I too believe that bitcoin can get below $30000, but I am thinking it may not happen more than once or twice before the next bull run. Even if it gets to that level, it may not be long at all before it will bounce back above $30000.

Quote from: ajochems on February 24, 2022, 03:38:21 PM

It happened in the stock market and in the cryptocurrency.We should use the time and current scenerio for the process of getting profit.The war on UKraine was maybe initiated by the U.S against the Ukraine .But the innocent Ukraine start to war against Russia and they are not worth enough to fight against Russia.

That is true, it happened in stock and crypto market, but crude oil price increases. Later, cryptocurrencies price increases, from below $35000 I posted before to over $40000, bitcoin is around $38700 recently.

adaseb

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If $30K gets touched again I don’t see it holding again. Most likely last night was the low. Even right now there is fighting going On and the markets are still going up. Seems this war is not affecting the markets anymore.

I wonder how many people sold at a loss yesterday when there was massive panic. And later on in a few hours everything completely reversed. Basically markets don’t make sense anymore.

Wexnident

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There has been a general downtrend so far tbh. The price only recovered after the initial downtrend a few weeks ago, but it wasn't exactly impossible for it to go down once again, so that might be the actual cause, but hey who knows, the current situation might have influenced it as well, but a downtrend wasn't exactly impossible, with or without the Russia Ukraine issue. If a real war to happen though, then maybe we'd see some short panic crashes but as we've seen in the past, Bitcoin recovers from it quite well (Covid situation).

TravelMug

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Quote from: Findingnemo on February 24, 2022, 10:29:13 AM

I wouldn't be surprised if it reaches 25K because that can be the lowest low if this is actually the bearish trend and we are not actually far away from this happening because lot of things aren't good now the war mode between countries almost crashed every investments sectors.

Nah, that's too low in my opinion. On the contrary, we are already on $38k-$39k range so that's lowest low you projected are not going to be hit.

So the war news seems to bring positive light to the market isn't it? I know its scary to hear the conflict has began and maybe there are some individuals from both sides who chooses to hedge their wealth on bitcoin to push it to where we are right now.

Fundamentals Of

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The price of Bitcoin has already fallen even before this war has started. To note, though, this is actually not a war. Ukraine is just massacred by Russia here with fierce yet insignificant resistance as far as the Russian force is concerned.

But seeing the price today, it seems we are on to conquering $39,000 hours or even minutes from now. If there will be no correction after $39,000 is achieved, $40,000 will be the next target. This is going to be the harder target though.

TimeTeller

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Quote from: tabas on February 24, 2022, 06:16:46 PM

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

I am thinking the price just falled because of panic and there can be correction.

That's what exactly what has happened. The price has shoot so quick to $38000.

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

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.

Likely much.
Even if there's no war, there has been an expected sudden dump in the market because we are just coming from the bull run. Usually, that's how the market for bitcoin goes.
If we've been from the bull run, the next is there's a dump that awaits no matter what's the situation of the world because it's a cycle.

With the tension between Russia and Ukraine, I believe, this scenario will further boost the btc market.
Because people are looking for alternative ways on how to secure their assets or how to send safely their money outside.
And that bitcoin is a very good candidate in this situation. Surpassing the 40k mark would be easy in the next few days.
In my opinion, this is a good opportunity to invest while bitcoin is still in this position.
But don't forget about possible consequences, it may be worst for all we know. So invest what you can afford to lose.

Baofeng

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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.

Yeah, after the Putin attack, the price of bitcoin feel to lows of $35k. But check the price right now, it's back to $38k, truly amazing run in the last 34 hours. When we thought that bitcoin will have a massive drop, comes a big bounce and now we are back to the resistance of $38k.

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.

That's how it is, it react to news whether positive or negative and then obviously, traders sold. But after a few days it will settle down again and recovered.

tabas

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

I am thinking the price just falled because of panic and there can be correction.

That's what exactly what has happened. The price has shoot so quick to $38000.

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

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.

Likely much.
Even if there's no war, there has been an expected sudden dump in the market because we are just coming from the bull run. Usually, that's how the market for bitcoin goes.
If we've been from the bull run, the next is there's a dump that awaits no matter what's the situation of the world because it's a cycle.

Scripture

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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.

kentrolla

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Sometimes we are too quick to assume the market situation and act on the situation, same thing happened once Russia invaded Ukraine, there was a shock wave sent across not only crypto but also the stock exchanges and nifty, but now bitcoin has already crossed yesterday's ATH and trending around $38520 as we discuss here but Thai doesn't guarantee it will remain on top as this war will affect crypto market as well and yesterday's drop doesn't come as a surprise since bitcoin has been fluctuating from past week.

There are possibilities Russian invasion might be one of the reason for this dump but it might be market trend as well which we have witnessed earlier.

Johnyz

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Looking at its price now, its around $38k as of posting, looks like the panic is done already and its time now to realize that owning Bitcoin can be a more effective way to protect your assets.

There’s still a lot of uncertainty here, anytime from now the real war might happen and the price is still vulnerable from that. If the situation got worsen, expect for cryptomarket to react on that negatively.

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