Bitcoin will fall or rise? $30400 the recent price

lixer

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Quote from: Captain Corporate on July 06, 2023, 02:27:32 PM

Guess its doing alright and there is nothing we could lose at this point if we end up trusting bitcoin. Not that it would make a scene like be over 40k and all, but we gonna stay above 30k if you ask me. There is no way that wr gonna drop at this period. I believe we should definitely be hopeful about the current situation and we cant be losing hope if we want to grow. The price looks as good as it gets at this moment we are all looking like we are doing fine. So we should be having anything thats a negative thought and crus that if we want to. That way we can feel a lot better. Too many people fudding due to price going higher and fear it will crash again, but it will end up going higher for sure.

We can't really be so certain about that, and people barely FUD when the price is going up but they become happy and start buying more, people FUD when the price starts dropping after going up a little bit like what happened just recently where Bitcoin went up to $31.5k and then dropped back to $30.2k later on, such movements are what usually cause FUD in the market, and when there is FUD and panic all around, the price can take no time in dropping.

So even though it hasn't been going below $30k for quite some time, we can't really be sure if it will keep going up from here because it hasn't been showing any signs of that too, the resistance is strong and there isn't too much buying pressure from retail or institutional investors at the moment.

Ojima-ojo

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Quote from: Yamifoud on July 08, 2023, 03:12:23 PM

Quote from: AakZaki on July 08, 2023, 12:38:55 PM

Quote from: Aanuoluwatofunmi on July 07, 2023, 08:35:11 AM

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).

@Yamifoud all what you mention in you post is not the characteristic of Bitcoin most especially where you mention hype, pump and the rest, those are not characteristic and for that bitcoin always stand out from the other shitcoins that may be deferred in operation and market approach there by giving room to all those hype and pump, those altcoins are just gamble and at that their can be referred to as hyped projects.

But on the other hand, Bitcoin should ready to face some more attention.

stomachgrowls

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Quote from: Yamifoud on July 08, 2023, 03:12:23 PM

Quote from: AakZaki on July 08, 2023, 12:38:55 PM

Quote from: Aanuoluwatofunmi on July 07, 2023, 08:35:11 AM

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).

Not totally shocking or surprising already on which this had been always like this on which the price could be giving out some good green candles and later on there some popped up nowhere negative news or Fuds then the

entire market would really be having some dive. Something new? It wasnt and this had been pretty normal and if you are a noob then you would definitely be having these kind of actions on which you would really
having that kind of impulsive approach which might lead into bad decisions on which it is something that you should really be needing to avoid. Make yourself that fully aware or wary about on how things goes
and how do things works so that on the time that you do make out realizations then later on you would really be able to go with the flow.

Now the price is going up and down on even playing around on 30k price on point which going up beyond few hundred dollars and dropping down below it which i could say that it would be a good entry on doing so.

Kemarit

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Quote from: AakZaki on July 08, 2023, 12:38:55 PM

Quote from: Aanuoluwatofunmi on July 07, 2023, 08:35:11 AM

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Strategy will have to change as well depending on the price movement. There are speculators though that says that this might be a bull trap or something. However, after the initial burst to $31,000 due to positive news, market is back to $30,000, which by the way is now our biggest support.

So in any case it goes down again because of FUD then we should update our strategy, like buying more and accumulate and HODL. Or just do what we always do, continue with DCA strategy and that's it. No need to complicate things if we are a small investors just like the majority of us.

Yamifoud

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Quote from: AakZaki on July 08, 2023, 12:38:55 PM

Quote from: Aanuoluwatofunmi on July 07, 2023, 08:35:11 AM

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).

AakZaki

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Quote from: Aanuoluwatofunmi on July 07, 2023, 08:35:11 AM

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Minecache

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Quote from: Aanuoluwatofunmi on July 07, 2023, 08:35:11 AM

Quote from: Minecache on July 07, 2023, 03:57:48 AM

Quote from: Unbunplease on July 06, 2023, 03:06:31 PM

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October. From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

I don't know the time frame bitcoin will be distributed, but in my opinion, bitcoin will be distributed between $31k and $33,000, and then there will be long term corrections until the end of the year. That is also my prediction for this short-term bull run, bitcoin will continue to rise in the coming days and potentially hit $33k before falling again. Before the 2020 halving, bitcoin also plummeted, and I still think things are repeating themselves.

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

First, bitcoin will not rise before the halving, just as the bull season will not come immediately after the halving. Second, when everyone is expecting and expecting a rally as the halving approaches. I will be more cautious as I don't like Fomo following the crowd, and I think the market will go against the crowd's expectations, so I don't expect more at this point.

$40k for this year is also an unlikely goal, let alone $60k. I'm still leaning more toward bitcoin falling as we near the end of the year than bitcoin continuing to rise.

boltz

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My prediction remains the same with Bitcoin falling in price for the rest of summer cycle but it's hard to predict how much can it drop. Maybe we hold the 30k area because the support is pretty impressive but on the same time maybe the support around 30k gets vanquished from whales and if that happens , Bitcoin can drop all away towards 25k area but I don't see Bitcoin dropping any further than that.

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Quote from: Hamphser on July 07, 2023, 05:18:32 PM

This means that there's a strong support on this level on which it cant be possibly be able to go back on 27k or even below but we know that there's always a possibility knowing that this market is really that truly unpredictable but basing up on indicators

The market can be very deceiving at times, it is very possible that bitcoin price may suddenly fall below $30000 and the support can be broken and bitcoin may fall back to $25000 very fast. The support at $30000 is very strong but the market can be unpredictable in short period of time.

The 4 hour chart is not indicating bull market for now. The one week chart is indicating that the market can go either way and bitcoin is at $30200. If there is no many buyers, bitcoin may go back below $30000. I guess not this time for now because psychologically, people are buying back arround $30000.

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Quote from: Franctoshi on July 07, 2023, 03:00:00 PM

Quote from: Weawant on July 07, 2023, 01:34:24 PM

Quote from: Franctoshi on July 04, 2023, 09:56:00 AM

My expectation for BTC has not changed since we broke above the $30k previous resistance zone and since then, Bitcoin has strongly remained above this level for a couple of days now, which is a sign of strength. From the monthly perspective, I'm very optimistic about Bitcoin reaching the price of $40k first in the coming weeks, rather than seeing it go below $30k.

I'm also optimistic but not optimistic to think that we'll see Bitcoin trading at $40,000 before it trades below $30,000 again. The price now is $30,300 which means there's a higher possibility of Bitcoin trading below $30,000 before the week's end if nothing positive happens.

Bitcoin trading below $30,000 doesn't mean we'll be heading to a bearish market, we might bounce back immediately and that momentum can push the price to above $35,000 and the market creates new support for the price to continue pumping to $40,000 and beyond.

Even though we had a drop to $29k yesterday and today, we have not ended a daily candle close below it, From what I can see, there is some sort of price manipulation going on in the market. They have managed to push the price down to $29k but have failed to retain it, They are trying to induce sellers to sell. $40k is still achievable because the market is yet to take a direction from the position we are in now.

Yes, we did make a drop on below 30k but this behavior shows that there are lots who would really be tending to catch up with those corrections and price decrease. This means that there's a strong support on this level on which it cant be possibly be able to go back on 27k or even below but we know that there's always a possibility knowing that this market is really that truly unpredictable but basing up on indicators
then we could really be able to tell that there's those potential movement on which we might be able to encounter on or possibly be able to hit up.

Now we are playing on 30400+ as of this writing on which the price is starting to move sideways or having no little movement on which it is really that hard to tell on what would be its next move.
We cant really be able to point out but since there are indicators then we do have at least have the idea on where we possibly go but it wouldnt really be an assurance.

Slow death

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I honestly cannot understand why people created high expectations that this time would be different and that the SEC would approve bitcoin etf when we have already seen them postponing it many times and then not approving it, and looking at the temporal distance that is still left for the halving I would say that there is a lot of space for the price to drop a lot and only start to recover when the halving is approaching, while the halving does not arrive, people will not feel very motivated to buy a lot because there is nothing they see that will make the price go up a lot

so I see the price staying in this zone of 2500$ - 31000$, only in case of a break above 31000$ would we see 40,000$ but we would have to see how far the price would manage to remain above 32000$, because as I said there are still many to go months for the halving, we are talking about more than 7 months for the halving, and a lot of time, and this makes people sell and wait to buy in more drops looking at high profits in the next one after the halving, I would particularly buy only in a big fall and not now

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Bitcoin price is on its way upward,as we can see the price is at 30k and it shows that the price will continue to move up gradually to 33k which we are looking forward to see it by the mid month. When Bitcoin price will correct back to 27k will be around September and by December we will have a pump in price towards the halving next year. All one needs to do is to keep holding and if possible use DCA method to accumulate more and relax your mind towards the bull run.

Franctoshi

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Quote from: Weawant on July 07, 2023, 01:34:24 PM

Quote from: Franctoshi on July 04, 2023, 09:56:00 AM

My expectation for BTC has not changed since we broke above the $30k previous resistance zone and since then, Bitcoin has strongly remained above this level for a couple of days now, which is a sign of strength. From the monthly perspective, I'm very optimistic about Bitcoin reaching the price of $40k first in the coming weeks, rather than seeing it go below $30k.

I'm also optimistic but not optimistic to think that we'll see Bitcoin trading at $40,000 before it trades below $30,000 again. The price now is $30,300 which means there's a higher possibility of Bitcoin trading below $30,000 before the week's end if nothing positive happens.

Bitcoin trading below $30,000 doesn't mean we'll be heading to a bearish market, we might bounce back immediately and that momentum can push the price to above $35,000 and the market creates new support for the price to continue pumping to $40,000 and beyond.

Even though we had a drop to $29k yesterday and today, we have not ended a daily candle close below it, From what I can see, there is some sort of price manipulation going on in the market. They have managed to push the price down to $29k but have failed to retain it, They are trying to induce sellers to sell. $40k is still achievable because the market is yet to take a direction from the position we are in now.

Weawant

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Quote from: Franctoshi on July 04, 2023, 09:56:00 AM

My expectation for BTC has not changed since we broke above the $30k previous resistance zone and since then, Bitcoin has strongly remained above this level for a couple of days now, which is a sign of strength. From the monthly perspective, I'm very optimistic about Bitcoin reaching the price of $40k first in the coming weeks, rather than seeing it go below $30k.

I'm also optimistic but not optimistic to think that we'll see Bitcoin trading at $40,000 before it trades below $30,000 again. The price now is $30,300 which means there's a higher possiblity of Bitcoin trading below $30,000 before the weeks ends if nothing positive happens.

Bitcoin trading below $30,000 doesn't mean we'll be heading to a bearish market, we might bounce back immediately and that momentum can push the price to above $35,000 and the market creates a new support for the price to continue pumping to $40,000 and beyond.

We shouldn't be too bothered though about the short term prices that Bitcoin will be trading at because we'll be heading into next year with big hopes as that's the halving year and Bitcoin will receive lots of interest as people prepare for the bull market that we will be expecting

Ojima-ojo

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There is no certainty as to when the next ATH will happen and even though there have been lots of speculation about what the price of bitcoin will be and when the next all-time high will happen.

While some are speculating that there is a high possibility of the halving happening after the halving and their reasons based on previous all-time dates, but also there is no gain saying that some of the previous all-time highs have also happened before all-time highs like once or twice according to the history.

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Quote from: erep on July 06, 2023, 06:52:25 PM

If we examine the analysis of price movements after the halving from the previous period then the probability will increase after the halving, but we cannot make it the main point of each halving period because if the price of $45k has been reached by the end of the year, maybe the analysis will trigger different speculations because the price has recovered above 50% of the last ATH before the halving.

This cannot be used as the first benchmark before a halving because every year the trigger can be different and also the level of speculation is also different so that it can only be used as an existing example without having to fully expect it to happen again in the coming period. Although it would also be quite nice if it could happen because I also expect better things in Bitcoin before the halving period starts.

Quote

I don't expect bitcoin to drop at the end of Q4 as the speculation above suggests, because the $30k bitcoin price is currently unstable, if the market can't sustain the price at that point it could be vulnerable again to $25k again, so we need positive news to support the bull run before the halving has the potential to reach the ATH price in the next halving period.

Clearly positive news is still needed before the halving occurs because it usually triggers a lot of people to enter the market on their own accord to buy Bitcoin. I also hope Bitcoin can get closer to the $50K area before the halving, but if it's still tough for Bitcoin then at least don't expect another drop to the $25K area. Because it can also make some people get frustrated and don't want to hold Bitcoin long term or during the halving period.

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Quote from: Minecache on July 07, 2023, 03:57:48 AM

Quote from: Unbunplease on July 06, 2023, 03:06:31 PM

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October. From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

I don't know the time frame bitcoin will be distributed, but in my opinion, bitcoin will be distributed between $31k and $33,000, and then there will be long term corrections until the end of the year. That is also my prediction for this short-term bull run, bitcoin will continue to rise in the coming days and potentially hit $33k before falling again. Before the 2020 halving, bitcoin also plummeted, and I still think things are repeating themselves.

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

Minecache

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Quote from: Unbunplease on July 06, 2023, 03:06:31 PM

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October. From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

I don't know the time frame bitcoin will be distributed, but in my opinion, bitcoin will be distributed between $31k and $33,000, and then there will be long term corrections until the end of the year. That is also my prediction for this short-term bull run, bitcoin will continue to rise in the coming days and potentially hit $33k before falling again. Before the 2020 halving, bitcoin also plummeted, and I still think things are repeating themselves.

$crypto$

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Quote from: Natalim on July 06, 2023, 05:37:06 PM

FUDs still give influence the market trend, many people got hooked up when hearing negative things and started to worry about the future. So instead of making themselves calm, they get into panic selling. Now, the news has become the main market player and it dictates what will happen next that is why whales and those manipulators are using this to manipulate the situation. But despite the change after the SEC announcement, I don't see the price of Bitcoin will dump hard instead, I was believing that it continues to move high surpassing $31k.

There is no escaping FUD because it will continue to attack the market and cause a lot of panic so it is no wonder that many people sell midway because maybe they are traumatized and don't want to lose more so they decide to sell midway.
A whale can control any news to lead the opinion they want trying to manipulate is their habit to be able to buy lower prices then when getting a lot of bitcoin they can save for the next trend with bullish.
Remember that with the SEC announcement it was a threat to them even though it was an attack on the exchange not related to bitcoin but negative news still always affects all existing markets.

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Quote from: justdimin on July 06, 2023, 12:49:59 PM

Going sideways is not a terrible thing, as long as it doesn't go down that means we are going to do fine. Looking at OP's price point, we have gone up from that, seen 31k+ and that's a good sign for all of us, bitcoin is capable of going higher. That means we could probably go even higher, if we didn't get stuck and going sideways that means we are going to end up with a better result eventually.

For this week bitcoin has gained upward momentum after the previous correction process and the price tends to be stuck at $ 30k to $ 31k. I would like to see strong support at $33k-$35k going forward, although many see sideways potential going forward and if no FUD news maybe for late month or early next month we should see support at much better prices than today.

Quote from: justdimin on July 06, 2023, 12:49:59 PM

I am not saying that it is going to be 100k tomorrow, but going higher is a good thing, we could possibly end up with like maybe 35k soon and that would be lovely, I am guessing that it will be something we would all want to see and that's why I believe that it will bring us a lot of profit in the future as well, or at least that's my prediction for it.

Everyone also thinks that bitcoin will not reach $ 100k soon and of course it is too fast, but we are still quite optimistic that price improvement can occur in the next few months, even though the correction process will also affect its journey in the market. If the halving count is getting closer, efforts to get profits must be prepared using any strategy to buy.

Topic: Bitcoin will fall or rise? $30400 the recent price (Read 598 times)