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

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.

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

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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.

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.

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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.

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).

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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Quote from: RewFrew on July 05, 2023, 12:54:21 PM

Quote from: Wiwo on July 06, 2023, 05:45:08 PM

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 think Bitcoin price will increase. Because After the SEC did not want to approve bitcoin spot ETF Bitcoin price not big dumped. Still Bitcoin price avabe $30k. Many people was think Bitcoin price will huge dump it will come near about $20k. But few dump bitcoin price bounced. Now bitcoin price near about $31k. I think within short time bitcoin price will touch $35k and it will be continue. It has small possibility to dump but i think it has big possibility to pump. I believe within this year bitcoin price will touch new ATH.

I can't say for sure whether the price of bitcoin will go up or not. Because several times before the price of bitcoin starts to go up, the bitcoin market starts going bad again for some reason. But what will happen this time is not exactly understood. But hopefully. Bitcoin price will reach good position very soon.

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Do we expect the growth before or after Bitcoin halving?

Because i am xertain that the odds for it to happen after the halving ia vwry high and at that, from that point till March -April all that Bitcoin will be doing regarding the price is recovery, and if we can move up to 35k to 40k then we can say that the market momentum has to build up and bull run can be expected at that time.

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.

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.

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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.

Do we expect the growth before or after Bitcoin halving?

Because i am xertain that the odds for it to happen after the halving ia vwry high and at that, from that point till March -April all that Bitcoin will be doing regarding the price is recovery, and if we can move up to 35k to 40k then we can say that the market momentum has to build up and bull run can be expected at that time.

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Quote from: AakZaki on July 06, 2023, 04:57:34 PM

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

If you want to invest at the current price, then the best advice is still to do DCA. Prices can fluctuate sharply due to FUD which sometimes just attacks the market, but recovery will also follow. Accumulate as much as possible and hold on to your bitcoin for the long term.

Holding on to bitcoins for the long term is the best way to go. By implementing the DCA strategy it will be very helpful. Instead of having to panic to keep selling, it's better to buy gradually with the money we have. the price keeps fluctuating and the FUD keeps coming, so it's an opportunity to start buying. The price will not continue to fall, there will be times when the price will be bullish and reach the highest target again.

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.

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

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

If you want to invest at the current price, then the best advice is still to do DCA. Prices can fluctuate sharply due to FUD which sometimes just attacks the market, but recovery will also follow. Accumulate as much as possible and hold on to your bitcoin for the long term.

Holding on to bitcoins for the long term is the best way to go. By implementing the DCA strategy it will be very helpful. Instead of having to panic to keep selling, it's better to buy gradually with the money we have. the price keeps fluctuating and the FUD keeps coming, so it's an opportunity to start buying. The price will not continue to fall, there will be times when the price will be bullish and reach the highest target again.

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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.

Let me check on that Elliot Waves, thanks for reminding. But then again, if we look at the price right now, it is where we are, $30,400, although the market has improved in the last week or so. Yeah, it's is not going to where everyone wanted to see the price. If could be that buyers are exhausted already, and with that we will have to wait again, and if what you predicted, then August could be a good month to start seeing the price on the rise and finally breaking that $30k line whether it is become a support line, or the biggest mental barrier that we have right now.

Unbunplease

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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.

Captain Corporate

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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.

Lamkuthang

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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.

Yes. For BTC 100K it's not a one night dream and it's not impossible it will happen it seems, at least the journey in that direction will certainly be born. For the price of BTC, from what I read, your prediction will be 35k soon with a number of conditions, of course, the market atmosphere is conducive without negative issues and high daily transactions and buying actions. so the price will slowly rise towards 35K

justdimin

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Quote from: ancafe on July 06, 2023, 03:15:26 AM

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

Sideways or sideways is still possible going forward, but optimism remains that the conditions related to the halving will also be getting closer, so how do we have to be able to take advantage of the conditions to collect bitcoins. DCA is still a strategy that can be utilized even though bitcoin is slowly showing an upward process from the previous correction.

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.

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.

ancafe

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Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

Sideways or sideways is still possible going forward, but optimism remains that the conditions related to the halving will also be getting closer, so how do we have to be able to take advantage of the conditions to collect bitcoins. DCA is still a strategy that can be utilized even though bitcoin is slowly showing an upward process from the previous correction.

Quote from: RewFrew on July 05, 2023, 12:54:21 PM

If you want to invest at the current price, then the best advice is still to do DCA. Prices can fluctuate sharply due to FUD which sometimes just attacks the market, but recovery will also follow. Accumulate as much as possible and hold on to your bitcoin for the long term.

It takes target stages that we need to achieve for the next ATH and collecting some bitcoins in the next accumulation is an option that can be taken. If you still doubt the condition of price fluctuations because you are worried that it will experience another decline, then DCA is still a good choice as explained by you. So when the halving occurs we are in a favorable condition and maximize the strategy with the financial capabilities we have depending on how we do it.

kro55

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Quote from: barisbilgili on July 05, 2023, 06:51:52 AM

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 think Bitcoin price will increase. Because After the SEC did not want to approve bitcoin spot ETF Bitcoin price not big dumped. Still Bitcoin price avabe $30k. Many people was think Bitcoin price will huge dump it will come near about $20k. But few dump bitcoin price bounced. Now bitcoin price near about $31k. I think within short time bitcoin price will touch $35k and it will be continue. It has small possibility to dump but i think it has big possibility to pump. I believe within this year bitcoin price will touch new ATH.

Bitcoin hits new ATH This Year? Do you mean bitcoin will cross $69k this year? Although the future is unpredictable, if you are thinking about it, it is not possible. News regarding ETFs is not the last news we will face for the rest of the year. For the micro as well as the macro situation, it is not surprising that more negative information will happen in the near future. The failure of ETFs does not affect bitcoin too much, but there is no guarantee that there will be no more negative news. Bitcoin will be dumped to $20k really hard, but it will be dumped below $25k is possible.

STT

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The worrying thing despite BTC recent rises is that the Dollar index has failed to make a new low, it could be taken as reassuming a trend higher perhaps. We may yet test highs for DXY rather then BTC, they are quite inverse and usually higher perceived value in the currency denominator will bring about a lower price for BTC.
On that basis I think we do have a good chance of a back test for BTC unless DXY can lose 102 or similar pricing rather then making regular higher lows as it might well be doing week to week.

ShowOff

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I also believe that the bitcoin price will not fall below $ 25k until this year but for an increase as well, I believe there will be no significant movement this year, throughout this year I have seen Bitcoin price movements always close to $ 30k even though it happened increases or corrections do not last for a long time so they will return to that price.

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

If you want to invest at the current price, then the best advice is still to do DCA. Prices can fluctuate sharply due to FUD which sometimes just attacks the market, but recovery will also follow. Accumulate as much as possible and hold on to your bitcoin for the long term.

RewFrew

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Quote from: Dave1 on July 04, 2023, 07:26:05 AM

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 think Bitcoin price will increase. Because After the SEC did not want to approve bitcoin spot ETF Bitcoin price not big dumped. Still Bitcoin price avabe $30k. Many people was think Bitcoin price will huge dump it will come near about $20k. But few dump bitcoin price bounced. Now bitcoin price near about $31k. I think within short time bitcoin price will touch $35k and it will be continue. It has small possibility to dump but i think it has big possibility to pump. I believe within this year bitcoin price will touch new ATH.

beerlover

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Going to be a win win for us, if bitcoin goes down, then we can buy cheap coins again, if bitcoin goes up, then just hold on it. So far though we have broken the $30k resistance and we have achieved $31k already.

Hopefully this is still a bullish signal for us, and there are speculators including me seeing the price to go to $36k at the end of the month.

I know it's huge jump but with so many news, then we knows, maybe it's going to be very easy reaching that price.

36K is definitely something that can be achieved, there are a few things we are waiting on right now and if those things happens then we can see it go that high for sure. It is not going to be a simple thing to arrange any of this and we need to make sure that it is going to take a while, but if we can do that then we are going to be fine about it.

People are still worried because we have been doing something that bothered a lot of people with that fall and then the increase stopped so people are worried we might drop again like last month, but I do not think that we are there just yet. I believe we are doing fine and we should be quite happy with what we have. People are just too much worried about the situation and that's not going to solve itself anytime soon.

barisbilgili

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Quote from: Mate2237 on July 04, 2023, 04:26:11 PM

As of today by 9am in the morning or there about Bitcoin price was $31,000 but it didn't take time before returning back to the $30k and the way I see at it for now the price is going to penetrate the $31k and before this year will end the price will surpass $31k. Before the halving time the price will go up. And Bitcoin price will not come below $25k again in this year.

I also believe that the bitcoin price will not fall below $ 25k until this year but for an increase as well, I believe there will be no significant movement this year, throughout this year I have seen Bitcoin price movements always close to $ 30k even though it happened increases or corrections do not last for a long time so they will return to that price.

TheGreatPython

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Quote from: yhiaali3 on July 01, 2023, 11:11:01 PM

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.

The market is too stagnant for it not to get affected by bad news, and a Bitcoin spot ETF worth billions getting rejected is definitely bad news and we hope that it doesn't happen, but in case it happens, the market will definitely react to it, negatively. So hopefully, they resubmit the application with more documents that the SEC has demanded and then it gets approved, otherwise, we might see the market going down pretty soon.

July is usually considered to be a positive month for the market, but if there is more and more bad news coming out, I doubt we can see anything positive happening this July, so we hope that things stay positive for now and the price of Bitcoin be able to break above the $31k resistance level.

TelolettOm

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Quote from: GreatArkansas on July 04, 2023, 03:20:04 AM

There are some people who are still waiting for $25,000 before $35,000 which includes me. Cheesy

For the people who still have the money and want to collect more Bitcoin, it is normal to expect Bitcoin to drop again $25k. Grin

However, I doubt if Bitcoin will free fall again to $25k, the current price is around $30k-$31k, too far from $25k. If there is no big FUDs, I am not sure Bitcoin will drop more than $5k.

Quote from: GreatArkansas on July 04, 2023, 03:20:04 AM

What happening on Bitcoin now is fighting for resistance, it's a good start to the month of July. But on the other hand, with the pump recently and fewer price corrections, Bitcoin is becoming oversold now at the current level which is $31,000.
For me now, if ever we will fall again below $30,000 this month, I am really expecting to see the $25,000 first before $35,000.

It is always fighting for a new resistance since the early of this year. After a pump, there should be a correction, but the price change isn't so significant lately. Although we still have bad news related to Binance problem with SEC, there is no significant drop again in Bitcoin price. I think it indicates that people are no longer feeling afraid about the current situation. People become more mature and ready with every FUDs, so I'm not sure that the price will drop significantly again to $25k.

Mate2237

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As of today by 9am in the morning or there about Bitcoin price was $31,000 but it didn't take time before returning back to the $30k and the way I see at it for now the price is going to penetrate the $31k and before this year will end the price will surpass $31k. Before the halving time the price will go up. And Bitcoin price will not come below $25k again in this year.

doomloop

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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?

Though many people are optimistic about it, I don't expect the price of Bitcoin to break the resistance and go up at this point, it will most probably break through the support once again and correct itself up until it reaches about $26k or maybe $25k, the reason for that is I don't really see a lot of positivity in the market at the moment, people are either afraid to buy or are waiting for a better price so that they buy lower and hold until the halving event occurs.

Either way, it is not being able to break through the resistance. There are currently mixed emotions in the market, some people are praying that the price breaks through the resistance and goes up while others are more into a correction so that they can add more to their bags at a better price.

Dimitri94

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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?

According to the market conditions, Bitcoin price is unlikely to return to $25000 at this time. Currently Bitcoin has crossed its $30000 price area and is standing at $31000 and will touch $35000 any time. Bitcoin continues its upward trend despite various negative news. I think Bitcoin is going to start its bullish trend soon. Even if the price is reduced slightly, it will be difficult to get down below $30000. The price is unlikely to come back unless there is an unexpected situation.

Adbitco

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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?

It's very hard to determine the direction of bitcoin, as I have always said the selling pressure is another thing holding the price from breaking out of $31k although it was around 31k plus after which it pushes back to $30,978, and from what
I am viewing currently the market is so indecisive it may go sideways. If the the price could breakout from 32k then there is every possibility we could witness 35k to 40k at the ending of the month as the case may be.

Franctoshi

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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.

Aanuoluwatofunmi

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stead.builders

Quote from: _act_ on July 04, 2023, 06:12:08 AM

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?

All these experience with price volatility cannot be attributed to the SEC decision on spot bitcoin ETF approval or not, there are many other factors we could consider to judge base on the current happenings, now you could see how we are each day getting more closer to bitcoin halving which is believed to be next year, the market demands and supplies aren't stable as always, people are buying and some dumping, what else could we have seen than to consider this along with other occurrences of crypto news in the market economy, let's expect more bear and bulls the same way to occur anytime from now till the bullrun fully takes place.

Dave1

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Quote from: Mpamaegbu on July 04, 2023, 05:05:04 AM

Even if Bitcoin price crashes to the $25,000 speculated, it's still not too steep. Remember that it lost around 80% after its ATH in 2017. I mean, we should grow past this circle of unnecessary fear or panic when we know Bitcoin is a cat with nine lives. Like child's play, Bitcoin will zoom past its current ATH of $68k and record a fresh ATH that will see it above $120k. It looks impossible now but that's a certainty to come in the next two years.

Not only 2018 that bitcoin price decreased significantly. If bitcoin all-time-high is 69000 in November 2021 and the price decreased to $15500 in 2022, that is over 77% loss on price which is almost 80%.

If you are talking about investment, you are correct because if you invest now in bitcoin, the price will increase and reach all-time-high. I know that bitcoin price will increased and reach all-time-high but I am just talking about this time. Even if bitcoin increase this time above $30000, I am not yet expecting all-time-high but price decrease again until next year or next two years.

Going to be a win win for us, if bitcoin goes down, then we can buy cheap coins again, if bitcoin goes up, then just hold on it. So far though we have broken the $30k resistance and we have achieved $31k already.

Hopefully this is still a bullish signal for us, and there are speculators including me seeing the price to go to $36k at the end of the month.

I know it's huge jump but with so many news, then we knows, maybe it's going to be very easy reaching that price.

_act_

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Quote from: Mpamaegbu on July 04, 2023, 05:05:04 AM

Even if Bitcoin price crashes to the $25,000 speculated, it's still not too steep. Remember that it lost around 80% after its ATH in 2017. I mean, we should grow past this circle of unnecessary fear or panic when we know Bitcoin is a cat with nine lives. Like child's play, Bitcoin will zoom past its current ATH of $68k and record a fresh ATH that will see it above $120k. It looks impossible now but that's a certainty to come in the next two years.

Not only 2018 that bitcoin price decreased significantly. If bitcoin all-time-high is 69000 in November 2021 and the price decreased to $15500 in 2022, that is over 77% loss on price which is almost 80%.

If you are talking about investment, you are correct because if you invest now in bitcoin, the price will increase and reach all-time-high. I know that bitcoin price will increased and reach all-time-high but I am just talking about this time. Even if bitcoin increase this time above $30000, I am not yet expecting all-time-high but price decrease again until next year or next two years.

Mpamaegbu

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Quote from: GreatArkansas on July 04, 2023, 03:20:04 AM

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?

Even if Bitcoin price crashes to the $25,000 speculated, it's still not too steep. Remember that it lost around 80% after its ATH in 2017. I mean, we should grow past this circle of unnecessary fear or panic when we know Bitcoin is a cat with nine lives. Like child's play, Bitcoin will zoom past its current ATH of $68k and record a fresh ATH that will see it above $120k. It looks impossible now but that's a certainty to come in the next two years.

karabiber

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There are some people who are still waiting for $25,000 before $35,000 which includes me. Cheesy

What happening on Bitcoin now is fighting for resistance, it's a good start to the month of July. But on the other hand, with the pump recently and fewer price corrections, Bitcoin is becoming oversold now at the current level which is $31,000.
For me now, if ever we will fall again below $30,000 this month, I am really expecting to see the $25,000 first before $35,000.

I think profit selling will accelerate if BTC fails to close above $31k and we may see a correction this week with selling pressure on BTC. I would say hourly closings are important for correction. If hourly closes occur below $30,450 the correction will accelerate. BTC will be priced below the 8-day EMA. For now, the resistance zone is positive and selling pressure can be resisted but if the pullback occurs, i can talk about a pullback for BTC around $28k. I don't think we will see $25k prices unless we see sudden changes in macroeconomic conditions. In the bullish scenario, it is very important for BTC to step into the $31k region and stay here for the continuation of the trend. If this happens the journey to $35k will begin. I advise you to carefully monitor the support levels on a daily closing basis.

GreatArkansas

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There are some people who are still waiting for $25,000 before $35,000 which includes me. Cheesy

What happening on Bitcoin now is fighting for resistance, it's a good start to the month of July. But on the other hand, with the pump recently and fewer price corrections, Bitcoin is becoming oversold now at the current level which is $31,000.
For me now, if ever we will fall again below $30,000 this month, I am really expecting to see the $25,000 first before $35,000.

flyingcarpet

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Quote from: romero121 on July 03, 2023, 06:45:11 PM

Quote from: GeorgeJohn on July 03, 2023, 06:17:46 PM

Quote from: GeorgeJohn on July 03, 2023, 06:17:46 PM

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 don't that all small speculation of sec can bring setback in cryptocurrency and bitcoin mostly but I believe that bitcoin will regain it price which I know very well so if bitcoin price increases again without any bridge I believe that the price will be more large than the initial, because what I know concerning bitcoin is that Bitcoin price rises when the demands is higher

Recently the price drop took place associated with the setback from SEC, same also caused the bitcoin dominance have some decline while the altcoins moved high. It is said altcoin season could test the market, but once again bitcoin rise is on the track. The price have crossed the resistance barrier $31000 and this reaching $35000 or more depends on the correction phase that takes place whenever there is good price movement on the bullish side. This gives an outview that $25k is possible.

I do not think that an increase in altcoins will be permanent. You need to pay attention. There are big movements in some altcoins as a result of Bitcoin drawing a horizontal line. I'm not sure if this is due to Bitcoin getting stuck in a certain price range. Still, I doubt that the time has come for altcoins.

SEC decisions do not affect Bitcoin as much as before. At every stage, it is necessary to act by considering the risks. If it can stay at this level for a while, I think it will rise even more.

romero121

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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 don't that all small speculation of sec can bring setback in cryptocurrency and bitcoin mostly but I believe that bitcoin will regain it price which I know very well so if bitcoin price increases again without any bridge I believe that the price will be more large than the initial, because what I know concerning bitcoin is that Bitcoin price rises when the demands is higher

Recently the price drop took place associated with the setback from SEC, same also caused the bitcoin dominance have some decline while the altcoins moved high. It is said altcoin season could test the market, but once again bitcoin rise is on the track. The price have crossed the resistance barrier $31000 and this reaching $35000 or more depends on the correction phase that takes place whenever there is good price movement on the bullish side. This gives an outview that $25k is possible.

GeorgeJohn

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Quote from: kawetsriyanto on July 03, 2023, 04:22:05 PM

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 don't that all small speculation of sec can bring setback in cryptocurrency and bitcoin mostly but I believe that bitcoin will regain it price which I know very well so if bitcoin price increases again without any bridge I believe that the price will be more large than the initial, because what I know concerning bitcoin is that Bitcoin price rises when the demands is higher

_BlackStar

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BTC has passed $31k and I think it is possible to increase to $32k-$33k in the next few days. However, it depends on what news to have. If we still have many bad news, it won't easily increase to $32k-$33k. While to achieve $35k, it needs for few weeks. It is likely at the end of this month to achieve $35k, it won't be in the near future. By the way, I don't think it will return to $25k again.

I currently see no reason to say bitcoin price will return to $25k - but maybe, only if the market is hit by FUD that badly.

On the other hand - bitcoin price could break the $32k resistance within a few days if investors are still very optimistic about July momentum. I've read on several place that July is a good month to expect bitcoin prices to increase by a few percent - but that's someone else's analysis that still isn't entirely credible as financial advice.

bestcoins1

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Quote from: Halime Anatolia on July 03, 2023, 12:27:26 AM

It could be. this month has been a good month for a gradual increase in BTC. and the price is now very good and I think BTC will break through the resistance and go to the price of 35k first then rise again slowly but surely regardless of what you said above because many are waiting for the price of BTC at 35k.

If you look at crypto investors who tend to prefer long term investment in Bitcoin, of course they are always waiting and expecting the best price on Bitcoin and it might not be at $35K. Because they always hope for bigger things than many people speculate, even though to go to $35K Bitcoin still needs to increase gradually this year because now the price is still below $32K which means it is not too far to go to $35K if it increases to be consistent in the market.

kawetsriyanto

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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.

It is just a small move, why you are so worried?
The current price is about $31k, it seems BTC trying to increase gradually. BTC increases slowly because there are some FUDs, but luckily it can survive stronger. You can see that FUDs is getting less impact on BTC price, the current drop isn't so significant anymore.

Quote from: famososMuertos on July 01, 2023, 05:03:43 PM

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?

BTC has passed $31k and I think it is possible to increase to $32k-$33k in the next few days. However, it depends on what news to have. If we still have many bad news, it won't easily increase to $32k-$33k. While to achieve $35k, it needs for few weeks. It is likely at the end of this month to achieve $35k, it won't be in the near future. By the way, I don't think it will return to $25k again.

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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 really that fast because we already experience $30k before and if I'm not mistaken, it also stayed there for a while before going down making $27k as the new support but recently we are now back again at our previous support which is $30k. The 6 months journey of Bitcoin on this year was impressive.

We start from $16k and we almost times two this value. Nothing is clear when it comes to crypto prices because there are unexpected surprises here. We already have that $30k base you are talking about so I think it's now easier to reach higher prices this way and maybe by third or fourth quarter of the year we are already above $50k because this was usually the peak period of cryptos.

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Quote from: cryptomaniac_xxx on July 02, 2023, 01:54:45 PM

Quote from: hatshepsut93 on July 01, 2023, 05:56:33 PM

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.

Yeah, we can call it that way, $25k is the previous support levels, and so we just like trade sideways $26k-$28k and it didn't go down hard. The price remain stagnant since April and then become bullish once the news of ETF filing.

And as per SEC statement, they are going to go and will continue to give feedback. As far as I know as well, those who companies re-filed again and it seems that they are a race and competing against each other as who will be the first company to be approved by a spot bitcoin ETF. So it might be really a good sign that maybe one day we will get a approval. It could be before or after the halving, but it doesn't matter as it will be the bullish sign that we need.

It could be. this month has been a good month for a gradual increase in BTC. and the price is now very good and I think BTC will break through the resistance and go to the price of 35k first then rise again slowly but surely regardless of what you said above because many are waiting for the price of BTC at 35k.

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Quote from: hatshepsut93 on July 01, 2023, 05:56:33 PM

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.

Yeah, we can call it that way, $25k is the previous support levels, and so we just like trade sideways $26k-$28k and it didn't go down hard. The price remain stagnant since April and then become bullish once the news of ETF filing.

And as per SEC statement, they are going to go and will continue to give feedback. As far as I know as well, those who companies re-filed again and it seems that they are a race and competing against each other as who will be the first company to be approved by a spot bitcoin ETF. So it might be really a good sign that maybe one day we will get a approval. It could be before or after the halving, but it doesn't matter as it will be the bullish sign that we need.

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Quote from: yhiaali3 on July 01, 2023, 11:11:01 PM

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.

I agree that the SEC can have both good and bad effects on asset price movements, but in the short term I think they just make a lot of investors and market participants worry with some decisions. I'm starting to find that the current market conditions are only going sideways in 1-4 weeks or at least during July, but the fluctuating movement is still there.

In my opinion, bitcoin may struggle to break through the $32k resistance if it doesn't get a lot of investor support. If this sideway persists, then a correction will usually follow, but not to go lower than $29k. I expect $29k to be strong support during consolidation, so I hope there isn't much panic this month.

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Quote from: hatshepsut93 on July 01, 2023, 05:56:33 PM

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.

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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.

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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.

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Quote from: STT on July 01, 2023, 04:00:35 PM

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.

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Quote from: imamusma on July 01, 2023, 02:41:26 PM

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.

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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.

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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.

They are still one of the influences on the price of bitcoin so with the ETF submission if it is granted of course this will have an impact and I think this news cannot be avoided from them between the SEC and FED.
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.

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Quote from: Nrcewker on July 01, 2023, 07:55:31 AM

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.

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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.

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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.

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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.

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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.

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Quote from: Jating on July 01, 2023, 07:23:39 AM

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.

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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.

_act_

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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.

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Quote from: Oneandpure on July 01, 2023, 11:11:38 AM

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.

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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.

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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.

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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.

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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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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?

The chance of rise is high compared to falling since the price is already stable above the recent strong resistance which is the 30K mark. Bitcoin will already dip if the current price is temporary since this is new territory price for Bitcoin after the long dump from ATH.

I’m confident that the price will keep increasing while 30K will be the strong support now. The price might move blow 30K like 29K something but price will quickly recover during this dip scenario. We might see 31K above on the following weeks since we are already on accumulating phase after we break the 30K resistance.

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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?

We just entered the new month July and very difficult to say which path the price action is going to take as we proceed. The bitcoin price breaking above the resistance depends on how strong the support level is going to look like for the next days to come.

Although am optimistic for bitcoin price to break above the resistance level of #31k this July but before such action could take place we might experience different intervals of retesting at the support level, at least twice of that before a bull run of $35k thereabout can occur. Let's just keep our fingers cross for the coming weeks.

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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.

Jating

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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 guess it's really hard to say where the price will go.

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.

https://www.wsj.com/articles/sec-says-spot-bitcoin-etf-filings-are-inadequate-390336e8

Not unless there will be another big news, that will push it to $35k this month of July. So we will see what will be the price action for this month.

khiholangkang

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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?

Usually after the increase we will experience a correction first, the potential is stronger in my opinion compared to Bitcoin to continue to survive the sideway in the support area and or continue the increase, maybe we will be in the price range of $ 28k- $ 29k again, and even then if there is no more FUD or positive sentiment about the development of ETF Bitcoin trade.
The situation is confusing that occurs if you see the potential of the opposite two directions, such as correction or continuing the increase, there are some hopes that are immediately achieved, namely the price level at $ 35k, but it seems very difficult to penetrate

ancafe

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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?

That seems easy to judge and the past few weeks we have seen bitcoin corrected due to the SEC suing binance and a few days ago back at support price at $30k. I estimate that bitcoin will be corrected again and for the next month I don't know what price it will be for sure, but my assumption is that bitcoin will hold on to support $30k and will not be corrected to $25k again. For the next month I think bitcoin will be sideways and will not break the resistance point above $35k.

Predictions are not always correct and may be affected by some problems that can bring bitcoin to correct or strengthen again. But I personally hope that bitcoin will touch the price of $35k for the next month, so that the next support is at $33k and provide a higher accumulation point for further.

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