I'd say a rise is more likely because Bitcoin defended the previous support levels for many times recently, and halvening is getting closer and closer, so some of the traders already start buying, and now there are bullish news like the ETF filing. But I wouldn't expect any big movements, maybe $35k and then correction again.
The market has now created a confusing situation for short-term traders. The market will start the uptrend with enough liquidity by liquidating the high leverage traders before starting the next big uptrend. So I think the market will test the patience of traders at present as negative news is swirling in the market. $31000 has become a very important point for bulls to take control of the current market. So let's see when the market can break this resistance. 
Topic: Bitcoin will fall or rise? $30400 the recent price - page 4. (Read 508 times)
It's only temporary, don't worry too much. Rest assured that the market will return to normal and may even find greater support to start increasing. And if the price drops below $30k again, that's a good time to start buying again. But it's better not to think too much or worry because if you still do it, you will lose the opportunity to buy Bitcoin.
We've been through many events that are worse than this so I'm sure many of us are still able to survive. I thought maybe the price will get a correction around $29k-$30k but again, that's okay. Our target to sell Bitcoin at a high price is coming soon and until then, we should be able to own a lot of Bitcoin.
And if the Bitcoin price goes back to $25k again, that's a big deal for us because that price discount might not come again before the halving or before a long rally. So better prepare your money to buy at low prices and keep monitoring the market and if necessary, place buy orders so you are not too late to buy Bitcoins.
We've been through many events that are worse than this so I'm sure many of us are still able to survive. I thought maybe the price will get a correction around $29k-$30k but again, that's okay. Our target to sell Bitcoin at a high price is coming soon and until then, we should be able to own a lot of Bitcoin.
And if the Bitcoin price goes back to $25k again, that's a big deal for us because that price discount might not come again before the halving or before a long rally. So better prepare your money to buy at low prices and keep monitoring the market and if necessary, place buy orders so you are not too late to buy Bitcoins.
Based on what I read from the comments above, I find everyone looking for the last hot topic and then dropping its impact on the price, either up or down. The SEC decisions were not new, and the discussion about them will disappear as soon as the upload is made, and it will return again with a new Bitcoin ETF, so predicting the price based on it will not lead to to the correct end.
What controls the price now is the weekly supply and demand more than the sec because the price guesses the rise before it occurs, and therefore I still see that the decline is the likely possibility.
What controls the price now is the weekly supply and demand more than the sec because the price guesses the rise before it occurs, and therefore I still see that the decline is the likely possibility.
Not sure expectation of the SEC is ever bullish, I hope there are better reasons for recovery in the price or I might never be bullish on gaining from here. 30k could be the final price no further upwards, I dont find it too negatively personally.
I am seeing the support at 30k being strengthened in the coming days. Bitcoin sideways movements shows consolidation and it is for upward trend and not the reverse. However, the external influence (SEC) is very much at the neck of bitcoin and is greatly impacting it this time around.Anyone entering the market should be mindful of the fundamental between SEC and exchanges.
I am rather optimistic of upward movement rather than downwards if SEC is to be positive.
After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
Everything that happens to the value of Bitcoin in the market will depend on the rumor news that will appear on various social media platforms, and others such as cointelegraph and others. No one can really predict Bitcoin's exact future value to be honest.
So if you want no stress or headache, just invest in Bitcoin for long-term investment, then just wait for a few years to hold it and then sell it after 2-5 years depending on you.
The Securities and Exchange Commission (SEC) has not yet officially rejected any application for a bitcoin spot ETF, but has requested that the application be reformulated. But at the same time SEC has not approved any application yet.
Therefore, it is possible that the fluctuation will continue with every upward or downward movement due to the introduction of huge financial institutions at a close time. Most likely, there will not be a strong rise in the current period, because even in the event of obtaining approvals, the market situation does not allow this at the present time.
I expect that we are in an uptrend, and even if applications are rejected, I don't expect us to go back to 25k$ levels.
Therefore, it is possible that the fluctuation will continue with every upward or downward movement due to the introduction of huge financial institutions at a close time. Most likely, there will not be a strong rise in the current period, because even in the event of obtaining approvals, the market situation does not allow this at the present time.
I expect that we are in an uptrend, and even if applications are rejected, I don't expect us to go back to 25k$ levels.
What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
Prices are likely to indicate a possible downside in July, but I'm hesitant to say so. Somehow the SEC and FED may still impact the price, but bitcoin managed to close June above $30k. But whatever happens, then you have to stick to your plan. Don't panic, do Averaging as this will help you stick to the plan. Even if the bitcoin price goes down, it will only go up again after some time and this kind of thing should be considered normal.Closing at the end of June was quite good at around $30K but if this month I still think bitcoin remains at its support level if resistance can be passed it is likely that there will be a slight surge and correction again, this is not far from before bitcoin movement is still difficult to follow guess.
After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
I mean it's still really early in my opinion Bitcoin market price could stay at 20k-30k$ for months and I think it's a good market price to accumulate Bitcoin, at any time course bitcoin market price could easily skyrocket, we saw it drop from 30k$ to around 25k$ which quickly recover. And I think it's a good opportunity for investors to invest and accumulate more Bitcoin while the market price is still at 30k$ and still didn't skyrocket.
The trick is to stay HODL your Bitcoin since might skyrocket at any moment, But I was hoping for the market price to stay at 20k$ since there is still a lot of time for the Bitcoin halving hype, I think the Bitcoin halving could easily hype the market and potentially could lead to bull run if the market followed the pump. I want to buy more Bitcoin and I'm waiting for a opportunity if the market price could still drop, but I still bought every Bitcoin every 2 weeks ever the price is just to continue to grow my portfolio and be ready for the bull run soon.
I'd say a rise is more likely because Bitcoin defended the previous support levels for many times recently, and halvening is getting closer and closer, so some of the traders already start buying, and now there are bullish news like the ETF filing. But I wouldn't expect any big movements, maybe $35k and then correction again.
Yes the SEC did really harm the growth of the Bitcoins in the recent few weeks. Nevertheless we can see the effort from the side of Bitcoins, but sadly it’s unable to break the resistance and hence it’s struggling in the same price segment for more than a week now. This July month will definitely play a crucial role in telling us the future price of the coin for this year. If we increase the demand to accumulate the Bitcoins, then definitely we can see a rapid growth in the price, else Bitcoins in this price segment will continue for few more weeks. Let’s hope for the best.
Well not too much to be honest, it hasn't dropped significantly, bullrun is just happening slower with few more corrections. I don't really believe in significance of months especially when there are no tax days or anything like that close. I think that halving just keeps us from dropping more and creates confidence that we have seen the bottom already. This may not be as good month as before but i am betting we aren't dropping a lot either. 
Perhaps it is too fast to be establishing $30k as support, having had the 6 months that we have had, without going very far we were at 16k only in January ($16,521(1)), April was the only month that we managed to be above $30k for a few days, If something is clear, it is that this year 2023 the support can be marked at +$20k, there is enthusiasm but that does not consolidate positions. I think maybe the last third of this year we could be talking about a +$30k base.
Not sure expectation of the SEC is ever bullish, I hope there are better reasons for recovery in the price or I might never be bullish on gaining from here. 30k could be the final price no further upwards, I dont find it too negatively personally.
We broke a declining trend on daily bars, gained well after that. Found the 50 da average which is now moving upwards not in decline as it was previous. Thats all good, now ideally we do beat that area of pricing last seen in Feb of this year. This also relates to price action further out and with more volume. Thats really the question in balance, to beat this area or spend further time circling the point deciding as much but at a later date. It might we wait till Autumn, I expect a higher amount of volume at that time and can easily equate to movement. We can be stagnant over this summer, not sure yet.
Its not fair to label things seasonally like this, half the world is nearly the peak of 'winter' right now. But anyhow that schedule is fairly familiar, a known phenomena and imo valid parallel or tempo estimate to how we progress.
We broke a declining trend on daily bars, gained well after that. Found the 50 da average which is now moving upwards not in decline as it was previous. Thats all good, now ideally we do beat that area of pricing last seen in Feb of this year. This also relates to price action further out and with more volume. Thats really the question in balance, to beat this area or spend further time circling the point deciding as much but at a later date. It might we wait till Autumn, I expect a higher amount of volume at that time and can easily equate to movement. We can be stagnant over this summer, not sure yet.
Its not fair to label things seasonally like this, half the world is nearly the peak of 'winter' right now. But anyhow that schedule is fairly familiar, a known phenomena and imo valid parallel or tempo estimate to how we progress.
What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
Prices are likely to indicate a possible downside in July, but I'm hesitant to say so. Somehow the SEC and FED may still impact the price, but bitcoin managed to close June above $30k. But whatever happens, then you have to stick to your plan. Don't panic, do Averaging as this will help you stick to the plan. Even if the bitcoin price goes down, it will only go up again after some time and this kind of thing should be considered normal.But if you are a day trader, then don't forget you have to set a stop loss.
Bitcoin suddenly fell due to the news effect, which is normal for Bitcoin. We have seen this type of reaction in Bitcoin in the past. But the $31000 resistance is really tough for Bitcoin to break, as we have gone downtrend from here in the past as well. But it is true that when Bitcoin can break this resistance at full strength then we will see another huge uptrend in the Bitcoin market. There is no doubt that if the SEC had approved the Bitcoin ETF, bull would have taken complete control of the Bitcoin market. But we are now in a downtrend as we get negative news. Let's hope Bitcoin builds momentum from here and prepares for the next breakout.
But to be fair, SEC says that bitcoin spot ETF needs more substance, and so it didn't mean that they have rejected it right away. And with that, the price is not even affected by it, as it goes to $31k then back to $30k again and most likely we will stay here and the support is going to be strong.
Yes that was what the SEC means but the market downturn was because of it. It is just a blessing for some people to buy at lower price because if bitcoin spot ETF is approved, the bitcoin market would be full of bulls. Let us see what would happen. Even when the price drop happened yesterday, bitcoin went up above $30000 again which indicates $30000 support to be strong. 
After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
I didn't know Bitcoin dipped but the quick corrections took Bitcoin price to $29,500 and Bitcoin has recovered and the price is back up to 30,560. This time around I know where I'll be placing my bet and that's for $31,000 to be brokens before the first week of the month is passed.
The resistance at $31,000 won't hold up long, the resistance that we'll have at $35,000 that's where we should have more worries because if there's not much buy pressure we can't cross that price but if Bitcoin pass that price and stays above it we're in good hands then.
The market handled the rejection news quite well because it didn't affect the market that much and that means we're having less investors that wants to sell their Bitcoin and it could be because investors are now interested only in accumulating instead of selling due to fud.
After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
Looks in this time SEC Commission announcement not want to approve bitcoin spot ETF not bring impact yet although bitcoin price dump but success reach up to higher price again. Have been one days after SEC denied with Bitcoin spot ETF and looks bitcoin keep stable around $30,500 current price, current highest price from bitcoin around last several days on $31,000 and seems difficult reach until $35000 but not close yet chance for bitcoin back to higher price again. Waiting few weeks later has bad news publishing by SEC Commission or not because they have power how to make many investor panic for selling bitcoin and price drastically drop.Gensler will approve it soon which will push the prices up breaking the resistance. for now, the price will just be floating in that range until the short squeeze take effect. a lot of institutions i suppose are also expecting the SEC approval since it's BlackRock who is applying. they wouldn't apply for it if there is no chance.
besides $31250 is not yet the peak of the price. this is if you look at the TA base on rsi alone.
After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?
Looks in this time SEC Commission announcement not want to approve bitcoin spot ETF not bring impact yet although bitcoin price dump but success reach up to higher price again. Have been one days after SEC denied with Bitcoin spot ETF and looks bitcoin keep stable around $30,500 current price, current highest price from bitcoin around last several days on $31,000 and seems difficult reach until $35000 but not close yet chance for bitcoin back to higher price again. Waiting few weeks later has bad news publishing by SEC Commission or not because they have power how to make many investor panic for selling bitcoin and price drastically drop.
Regardless of the news related to the SEC, which does not seem related to the price from my point of view, Bitcoin is testing the resistance point at $31.4K, and since the price has failed to break it several times, this means that we will return to test the resistance point at $26K if trading volume getting down from current levels. Trading volume is still good, and therefore I expect that we will test the $31.4k for two more times before we either go all the way to $35k and consider that we may not see the price below $30k again, or retest $26k and bounce from it.
If we don't get 35K before the next Fed meeting, we'll go back to +26k.
If we don't get 35K before the next Fed meeting, we'll go back to +26k.
After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price.
Bitcoin actually dipped to $29,500 when the SEC comments about the current ETF applications came out. The price has recovered well, it seems to be reacting well to FUD at the moment. I think the only thing that can really stop bitcoin doing really well over the next 2.5 years is if there is a world war or even really bad recession/depression worldwide. I think the usual 4 year cycle will play out though & we will start to go up soon as we get close to the halving in 2024.
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