Bitcoin to 30k Range again - page 4.

dragonvslinux

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Quote from: Kemarit on June 22, 2022, 02:04:59 AM

Quote from: ?? on ??

Bitcoin must immediately return to $ 30k again, if in the near future it can be achieved $ 30k then I am optimistic that this year can pass ATH, but if you look at the trend that is still red we might have to be patient to see Bitcoin back to the $ 30k range. And while waiting for the price of $ 30k then buying more is a good thing.

It's not easy as it sounds though, of course we want it to crossed $30,000 or even higher. But going to $17,500 to $30,000? it make take a lot of time and since we are in a bearish cycle right now, who knows, maybe 3-6 months to achieved that? Definitely, the best option is to fill our bags of cheap bitcoin, it is 2017 price so it's going to be cheap and huge potential profit in the next bull run.

It's possible it takes 3-6 months to get back to $30K based on past bear markets, even up to 12 months. But also bare in mind if it were to take 3-6 months to get there, then it's more likely price would continue rising to $40K distribution zone, even $50K. In 2018 after 3 months of consolidation price doubled within just 6 weeks, before eventually quadrupling. Similarly in 2020 price doubled within just 6 weeks.

Baring in mind price has dropped in half from $40K to $20K within 6 weeks, it wouldn't be completely unexpected to see price doubling within the same time-frame either. Many people who (for example) respect the 4 year cycles for example are overlooking the fact that price has already come down to the 200WMA and realised price within 6 months of ATH, instead of 12 months afterwards. This implies that the price is moving a lot faster than we have seen in previous cycles, or otherwise that more accurately May 2021 should be considered the bull market top and therefore a low 13 months later is pretty usual...

Nrcewker

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Quote from: Wiwo on June 21, 2022, 06:56:10 AM

This topic belong to the speculation board here: https://bitcointalk.org/index.php?board=57.0
But then Bitcoin can easily make a movement when there is demand and this increase or decrease is demand may be a result of some good news that can trigger the buying appetite of the Bitcoin market.

Yes that’s indeed the truth.
Whenever there is a great demand and when the supply is limited, definitely the price goes up.
Same should happen with Bitcoins. But comparing last 24 hours price, Bitcoins are in 2% negative right now.
Maybe Bitcoins will struggle more for now at this price range?
Unlike others I am also waiting for the bear market to end, so that Bitcoins will reach in a good position in price.
I have also bought some coins in this down time. Hope Bitcoins will not let us down and we will be in the profit at the end of day.
Waiting for Bitcoins to cross again the 40k usd mark.

Sang Prabu

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Unfortunately today there is another correction that makes Bitcoin canceled up to $ 22k, even though I am optimistic that the June price will return to the level of $ 30k, before that happens then I suggest to continue to buy because the chance to buy cheap prices will not be repeated.

Beparanf

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Quote from: Cryptornd on June 21, 2022, 06:48:30 AM

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is this isn't short term game.

The current price is around 20K while 30K is 50% growth on the current price which is not usual for a relief rally. It will be a breakout if the happened because it already broke the psychological resistance which result to fomo buy by retail traders. 25K seems achievable for a relief rally because that's the price for EMA8 line and probably Bitcoin will bounce down immediately once it hits umless the buy pressure is so strong to maintain its buy power above the resistance and established a support there.

But I still believe that 30K level is the price that we might not see in the near future except when something good news occur.

Baofeng

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Quote from: Reid on June 22, 2022, 03:59:03 AM

Well, I have seen same predictions like yours in social media and I think I will go with the flow. Cheesy

Demand will increase as investors may find this a cheap price coming from a $60k all time high. I mean, there will always be that kind of phenomenon where Bitcoin will rise again, we just don't know when it will happen so getting your hands with 1 Bitcoin or half of it is a great idea in case that happens soon.
This will be an easy profit, damn if only I just have the money which I mostly spent during $28k. Anyway, no regrets, just patience and I wish it will come true.

I guess that's where I strategy plays-in, I mean all of us is waiting for a perfect opportunity to buy and it presents itself when it goes to $17k. And just just a bounce to $20k+ so easy profit.

But then again, some of us might not have the capital to invest today. But for me there is no regrets, maybe just planning carefully might help us in the end to acquire at least 1 BTC in our lifetime.

And why not? $30k might be the next bounce for this run for all we know.

Reid

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Well, I have seen same predictions like yours in social media and I think I will go with the flow. Cheesy

Demand will increase as investors may find this a cheap price coming from a $60k all time high. I mean, there will always be that kind of phenomenon where Bitcoin will rise again, we just don't know when it will happen so getting your hands with 1 Bitcoin or half of it is a great idea in case that happens soon.
This will be an easy profit, damn if only I just have the money which I mostly spent during $28k. Anyway, no regrets, just patience and I wish it will come true.

tabas

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Quote from: rodskee on June 21, 2022, 10:39:27 PM

Quote from: tabas on June 21, 2022, 06:49:51 PM

And when it goes back to that range, there will be significant bad news about suing from exchanges to exchanges and that shall be the factor to send the markets down again at the possible bottom.
It's always like that whenever the market starts to recover, it will eventually be dumped because of these factors that circulates to the entire crypto market.

none of us really understand what will be the market behavior because now that the value of bitcoin is really lowering then there are more possibilities that whales can play the movement.
we can only speculate but no one can exactly tell whats coming.
but if the price of bitcoin climbed to 30k then i will be one of those to sell small part of my holding as I needed some funds in the coming month.

The whales have been playing the market all along and these surges and dumps have been part of it. While they're taking the advantage for themselves to take as much as they can.
We, the small time investors and traders have been having the difficulty on how is it going to give us the opportunity of making in here if we're uncertain. But, if you've got a stronger sense and you're good in TAs, you won't worry of what you must do as you've got a game plan.

Kemarit

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Quote from: ?? on ??

Bitcoin must immediately return to $ 30k again, if in the near future it can be achieved $ 30k then I am optimistic that this year can pass ATH, but if you look at the trend that is still red we might have to be patient to see Bitcoin back to the $ 30k range. And while waiting for the price of $ 30k then buying more is a good thing.

It's not easy as it sounds though, of course we want it to crossed $30,000 or even higher. But going to $17,500 to $30,000? it make take a lot of time and since we are in a bearish cycle right now, who knows, maybe 3-6 months to achieved that? Definitely, the best option is to fill our bags of cheap bitcoin, it is 2017 price so it's going to be cheap and huge potential profit in the next bull run.

Dave1

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Quote from: Fundamentals Of on June 21, 2022, 10:57:56 PM

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

They are shorting bitcoin again, specially for those who bought at lows of $17k, easy profit for a $22k pump. And now we are in the $20k range and there could be more selling pressure. But just one good news in this bear market might push it to $25k though. Give it over like a month and see where the price will go, I think $25k can easily be breach.

bittraffic

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I would be hoping it goes $30,000 in a month or two. Its just time that we are going to wait for it to happen when those who sold will realized the market is about to change its trend again.

However an speculation from Soloway that it may time for market to go straightup which in the following 6 months from now, the market will go sideways. Just be careful not to use you emotions he advised investors to wait until the bounce will really be shown in the charts.

ImThour

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Bitcoin Bottom was at $15.4k

$28k-$29k is the main target for now, anything above that will be helpful for people to go out of the market if they want to. A relief rally is much needed before any drop to the downside. I would say this is the perfect time ($20.3k) to open a long with less leverage and good margin. Let's see how this goes in near future. I am hoping $28k near 12 July.

kotajikikox

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Quote from: Fundamentals Of on June 21, 2022, 10:57:56 PM

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

Indeed that those short term or small time trader will take that advantage when the price reaches at least 23k -25k , they have bought at 17k level so why need to wait for that long when they can easily take their fruits in short term.
and also in this Hyping and dumping market now? opportunity knocks every 5-15% increase.

Fundamentals Of

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$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

rodskee

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Quote from: tabas on June 21, 2022, 06:49:51 PM

And when it goes back to that range, there will be significant bad news about suing from exchanges to exchanges and that shall be the factor to send the markets down again at the possible bottom.
It's always like that whenever the market starts to recover, it will eventually be dumped because of these factors that circulates to the entire crypto market.

none of us really understand what will be the market behavior because now that the value of bitcoin is really lowering then there are more possibilities that whales can play the movement.
we can only speculate but no one can exactly tell whats coming.
but if the price of bitcoin climbed to 30k then i will be one of those to sell small part of my holding as I needed some funds in the coming month.

TravelMug

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Quote from: Cryptornd on June 21, 2022, 06:48:30 AM

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is this isn't short term game.

Right, from $17,500 it's either

a) to down further to $15k range
b} move past $20k and then go towards $30k

And luckily for us, it went on the latter, 2 days of trading above $20k and then even trying to go break $22k but with some resistance. But the last week again will be critical, though, and just like the rest of the previous months last week, it seems there is a downward pattern. So let's see if this will continue as we might see < $20k before the end of the month again and then goes back up starting July and reach $30k.

Reatim

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Quote from: Cryptornd on June 21, 2022, 06:48:30 AM

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is this isn't short term game.

well , what you call that is correction but it doesnt mean Investors will sell more than what they bought , because many of us who bought recently are willing to Keep holding again for long term as preparation for the coming Halving in the years from now.
so we just bought at discounted price at least to take our chances in long term .

KennyR

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The market is growing in a consistent manner without much of fluctuation. The price can reach the $28k to $30k range at the earliest. Traders will get into shorting and the users who made an entry around $20k will also go for a selling around this price point. There can be high volume selling which could further lower the price. If this gets resisted and moves forward. There is chances of reaching $35k. However the market being highly unpredictable makes way for a speculative move than real progress.

tabas

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And when it goes back to that range, there will be significant bad news about suing from exchanges to exchanges and that shall be the factor to send the markets down again at the possible bottom.
It's always like that whenever the market starts to recover, it will eventually be dumped because of these factors that circulates to the entire crypto market.

CaVO32

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Quote from: GeorgeJohn on June 21, 2022, 02:44:36 PM

Bitcoin will break twenty thousand (20k) and approximately thirty thousand (30k) if time is not taken, because nobody expected the downgrade of bitcoin to be twenty thousand (20k) and even fall below twenty thousand to be nineteen thousand, which it rose to accelerate a little, i believe that bitcoin regulations can break down the bond of twenty and speed up a little.

This market is indeed very unpredictable. We haven't seen this coming to go down below 20k. A lot thought that it will stop at $30k. But then, as this market is very volatile, you need to be ready whatever may happen to the market. And you should have the list of what to buy or sell in this period to maximize your profits. Or just hold some valuable alts and wait for the market to recover. In this situation, we have our own preferences on how to tackle this market.

dragonvslinux

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Quote from: Cryptornd on June 21, 2022, 06:48:30 AM

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

I'm inclined to agree that a relief rally to $30K is coming. Not convinced most investors will sell again if they haven't already though, for me this is more like around the $40K distribution level, even $50K. It will be a shorting range for derivatives markets though, that much is true. Given it was long-term support for 18 months, it'll likely become resistance now. I think it also depends how quickly price rebounds to this level however.

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