BTC price hitting 30k twice this year. - page 2.

erep

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Quote from: eightdots on July 12, 2023, 01:12:51 PM

Many are wondering when Bitcoin's sideways movement at this level will end. I think it will rise towards the end of the year, but I don't know if it will rise from this level or if it will fall first and then rise. That's why I'm waiting.

I want to see positive things in the market. When Bitcoin stays at the same price for this long, a small drop follows. Let's see what happens this time. Maybe it will go up, I don't know. I want to not be late to buy bitcoins instead of guessing lately.

The sideaway moves may end in this month, I am optimistic Q4 will be the start of a price recovery higher than $40k as the recovery impact of the previous news regarding the SEC and Binance.us has been completed, I have reviewed the market after the price recovery the impact of the bad news will be going sideaway indicates doubts for investors to consider buying or waiting for the market to fall, but it is better not to rush into making decisions and it is recommended to do planning for a DCA strategy every investment, maybe 20-30% of the funds will be worth buying bitcoins in the price range of 27-30k and remaining funds then you can arrange to buy at a lower price.

eightdots

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Quote from: doomloop on July 12, 2023, 12:50:31 PM

Quote from: StreakW on July 09, 2023, 01:40:28 PM

In my opinion, the Bitcoin price increase which reached $30k twice in the first quarter of 2023 indicates significant market volatility. While there is no guarantee that the price will rise above $40k or continue to rise, I do feel that the current rise is an indication that Bitcoin has the potential to reach even higher price levels later this year.

And what about now? It is at $30k and it has been there for quite some time now, it has even touched $31.5k once or twice recently, but it couldn't hold it or break through it but came back down soon after that. Now the price isn't going up nor coming down, those who have been waiting to buy their favorite assets are on hold more right now because they don't know whether the price will go up or come down from this point, so they are just waiting.

We know and expect that the price will go higher than this point sometime this year, but the chances are also that it might not happen in case the price drops below $30k and goes around $25k, it will probably take a longer period to get back to this point again and then go beyond it.

Many are wondering when Bitcoin's sideways movement at this level will end. I think it will rise towards the end of the year, but I don't know if it will rise from this level or if it will fall first and then rise. That's why I'm waiting.

I want to see positive things in the market. When Bitcoin stays at the same price for this long, a small drop follows. Let's see what happens this time. Maybe it will go up, I don't know. I want to not be late to buy bitcoins instead of guessing lately.

doomloop

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Quote from: StreakW on July 09, 2023, 01:40:28 PM

In my opinion, the Bitcoin price increase which reached $30k twice in the first quarter of 2023 indicates significant market volatility. While there is no guarantee that the price will rise above $40k or continue to rise, I do feel that the current rise is an indication that Bitcoin has the potential to reach even higher price levels later this year.

And what about now? It is at $30k and it has been there for quite some time now, it has even touched $31.5k once or twice recently, but it couldn't hold it or break through it but came back down soon after that. Now the price isn't going up nor coming down, those who have been waiting to buy their favorite assets are on hold more right now because they don't know whether the price will go up or come down from this point, so they are just waiting.

We know and expect that the price will go higher than this point sometime this year, but the chances are also that it might not happen in case the price drops below $30k and goes around $25k, it will probably take a longer period to get back to this point again and then go beyond it.

uswa56

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Quote from: StreakW on July 09, 2023, 01:40:28 PM

In my opinion, the Bitcoin price increase which reached $30k twice in the first quarter of 2023 indicates significant market volatility. While there is no guarantee that the price will rise above $40k or continue to rise, I do feel that the current rise is an indication that Bitcoin has the potential to reach even higher price levels later this year.

If you look at the prices at the beginning of the year, we have actually increased twice now and are at a price of 30k, which is good enough in my opinion, and with the slow movements that are happening now, it is possible for us to reach a price of 40k or higher at the end of the year.
My speculation is inseparable from the many positive price movements that have occurred throughout this year, so in my opinion it is very possible that this will continue until the end of the year, even with small corrections that occur.

TravelMug

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Quote from: StreakW on July 09, 2023, 01:40:28 PM

In my opinion, the Bitcoin price increase which reached $30k twice in the first quarter of 2023 indicates significant market volatility. While there is no guarantee that the price will rise above $40k or continue to rise, I do feel that the current rise is an indication that Bitcoin has the potential to reach even higher price levels later this year.

And with that, we are someone seeing another bullish run, price is $30,700 as I type it.

I'm expecting that we might have to make a run to at least $31k and see how it goes. This could be the 3rd time though that we are going to break this $31k mental barrier, and I think this time, it will remain and hold that position.

Hopefully I'm right, at least at the end of the week or early next week, we will be at the $31k'ish range.

StreakW

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In my opinion, the Bitcoin price increase which reached $30k twice in the first quarter of 2023 indicates significant market volatility. While there is no guarantee that the price will rise above $40k or continue to rise, I do feel that the current rise is an indication that Bitcoin has the potential to reach even higher price levels later this year.

Dave1

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Quote from: Mate2237 on June 30, 2023, 05:38:07 PM

Quote from: Lida93 on June 22, 2023, 07:06:33 AM

Bitcoin price is on it again after a few drop in price at around 25-26k, but hitting the price value of 30k again as it did sometime April this year. What I describe as a gleams of the prospective light at the end of the tunnel of the year 2023.

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

I saw a flash news today that Bitcoin price hit $31,000 today and it is true then the price has hit $31,000 twice in this year. And that is a very good Significant of Bitcoin in the nearest future to come. The way things are going the price might reach $40k and above in this year. Bitcoin has tried in this year.

Yes, it did hit $31k again, around $31,080k'ish if I'm not mistaken as I'm watching the price. But it suddenly went down again and now stable at $30,400-$30,500. The resistance of $31k still is very big wall for us though, last night (at least in my timezone), as I'm watching the price, I was hoping that we can stay and maintain $31k at least for a 12 hours and see if investors will continue to be bullish and push it harder. But no, that is the selling point of many speculators, so it might be very difficult road to $40k.

Mate2237

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Quote from: Lida93 on June 22, 2023, 07:06:33 AM

Bitcoin price is on it again after a few drop in price at around 25-26k, but hitting the price value of 30k again as it did sometime April this year. What I describe as a gleams of the prospective light at the end of the tunnel of the year 2023.

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

I saw a flash news today that Bitcoin price hit $31,000 today and it is true then the price has hit $31,000 twice in this year. And that is a very good Significant of Bitcoin in the nearest future to come. The way things are going the price might reach $40k and above in this year. Bitcoin has tried in this year.

Slow death

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looking at the charts and looking at the current price of 30,400$ I see that soon the price will start to rise a lot and will reach 39,000$, I say that because currently the price is managing to consolidate above 30,000$, which means that the 29000$ is already working again as a very strong support, so with the good news of next year, I am talking about the bitcoin halving that according to PlanB will take place in April of next year so it is almost certain that the price of bitcoin is no longer it will go down a lot, on the contrary it will go up a lot from now on

the price reached 31000$, it did not manage to break this great resistance that is at 31000$, but it also did not drop much which means that people are very confident that every drop is a good buying opportunity, as soon as the price drops even if it's little people will buy and when the price breaks 31000$, it will soon break 32000$ and then it won't take long to break 34000$ and 37000$, the only big obstacle will be 39000$ - 41000$, after that it it will go up to 50000$, I believe that by the end of the year the price will be higher than the current price, I don't see the price dropping much anymore

superman184

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Quote from: ginsan on June 30, 2023, 04:40:36 PM

I think so too, where we are already in a sideways phase after we saw bitcoin price back past the $30k mark this week and it seems clear that at this point the sellers are quite large and that is the biggest point to watch. We are at the end of the month folks, and we saw bitcoin close this June at $30k, there is a bigger expectation for us in July to see price move to $35k.

Expecting $35K in the next month is quite feasible as long as Bitcoin stays at $30K at the end of this month and also at the beginning of next month. Because closing this month at $30K in Bitcoin is something really extraordinary because Bitcoin has also seen struggling to get to the $30K level. So the current price is a pretty positive price and it's more feasible to expect $35K in the next month as a gradual price improvement in Bitcoin.

ginsan

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Quote from: Falconer on June 28, 2023, 04:09:11 PM

However I agree $40k is still very much achievable, but not in June but in July or so. Given that the market is currently trending sideways between $29k - $31k, then maybe $40k won't be hit too soon. There should be some corrections gracing the road, but don't think of them as thorns but rather as good support for hoping for a run higher.

We all hoped for a bullrun, but at least don't ignore the correction which you can also use for accumulation. At the moment $29k is support which has been tested a few times since the price broke $31k, but if it is strong through mid-July then about $40k could be reached.

I think so too, where we are already in a sideways phase after we saw bitcoin price back past the $30k mark this week and it seems clear that at this point the sellers are quite large and that is the biggest point to watch. We are at the end of the month folks, and we saw bitcoin close this June at $30k, there is a bigger expectation for us in July to see price move to $35k.

In one positive way, we saw bitcoin a few months earlier slowly starting to rise in price after the big crash at the end of last season. We just have to be patient to see big price spikes in July or at the end of this year. But I think the $40k target in July looks like it will be easy to achieve.

bestcoins1

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Quote from: RewFrew on June 30, 2023, 02:08:21 PM

Now for third time bitcoin price touch $30k in this year. If bitcoin price will stable in $30k then it will boom i think. Bitcoin price increasing gradually. If bitcoin pri e were stable more 4-5 days then it’s price will touch $40k within short time. Then Bitcoin price will touch $50k, after that bitcoin price will touch $69k+ and will hit new ATH. And it is possible considering bitcoin movement. Anyone who understand cryptocurrency matket he will understand about bitcoin price.

And it seems that you also understand enough to say about Bitcoin price movements that you only remember going up by forgetting about sudden corrections. Today is a very wise example in Bitcoin, where you can see first hand how the price went from $31K to under $30K.

This means that increases and corrections will always be more visible in the market and I don't think that increases can continue without corrections being present. Because if you say about price stability at $30K, actually the price of $30K this month has been running for more than a week ago, but that doesn't mean that the Bitcoin price can go to $40K very easily mate.

Onyeeze

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Quote from: DeathAngel on June 22, 2023, 08:31:53 AM

$40,000 before the end of the year would really set us up nicely for some real fireworks in 2024 & 2025. Hopefully we don’t get a 2019 style situation where we make a nice high & then retrace to lows. Things are looking good with Blackrock & Fixelity + others filing for bitcoin ETF’s with the SEC but let’s not get too excited. Things can change quickly. It is looking good above $30,000 though.

The price of bitcoin is moving up gradually and what I noticed is that one of the things hindering bitcoin not to increase is because bitcoin some of negative information circulating because bitcoin has be doing well and I know that everyone is expecting bitcoin to increase above this particular price now, but the information of sec is one of the things I notice that is the barrier of bitcoin not to increase above 30k, but the increase of bitcoin this year shows that bitcoin may or may not experience a large market increase next year 2024, because I read some thread of previous year were people where discussing that bitcoin will increase next two years is 2024 and 2025 which they will be experience of bull market

RewFrew

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Now for third time bitcoin price touch $30k in this year. If bitcoin price will stable in $30k then it will boom i think. Bitcoin price increasing gradually. If bitcoin pri e were stable more 4-5 days then it’s price will touch $40k within short time. Then Bitcoin price will touch $50k, after that bitcoin price will touch $69k+ and will hit new ATH. And it is possible considering bitcoin movement. Anyone who understand cryptocurrency matket he will understand about bitcoin price.

Falconer

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Quote from: Asiska02 on June 28, 2023, 03:51:50 PM

After the spontaneous increase in the price of bitcoin some days back, I was expecting a price increase till the $35K-$40K level but it just stopped abruptly and might have reached its resistant level, if that’s the case, we won’t see any further significant rise in the price in the soonest. If the price can maintain this price level till the end of the month to mid next month, we might see it reaching the $40K price level when there’s any uptrend in the price coming after that period.

However I agree $40k is still very much achievable, but not in June but in July or so. Given that the market is currently trending sideways between $29k - $31k, then maybe $40k won't be hit too soon. There should be some corrections gracing the road, but don't think of them as thorns but rather as good support for hoping for a run higher.

We all hoped for a bullrun, but at least don't ignore the correction which you can also use for accumulation. At the moment $29k is support which has been tested a few times since the price broke $31k, but if it is strong through mid-July then about $40k could be reached.

Asiska02

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Quote from: Lida93 on June 22, 2023, 07:06:33 AM

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

After the spontaneous increase in the price of bitcoin some days back, I was expecting a price increase till the $35K-$40K level but it just stopped abruptly and might have reached its resistant level, if that’s the case, we won’t see any further significant rise in the price in the soonest. If the price can maintain this price level till the end of the month to mid next month, we might see it reaching the $40K price level when there’s any uptrend in the price coming after that period.

STT

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Good action so far since passing the lowest Fib line from ATH to the low last year. We have stayed high enough long enough to turn the 50 day average back to positive direction which bodes well further out then just these short term looks during a week.
29724 is the level I have to maintain above for the most optimistic action to continue but so far for almost a week now the market has closed each daily bar above 30k. We have gone sideways mostly but still I count this quite positively, due to being sideways the weekly average is now at the lows of today. For me a rolling weekly average shows positive or negative market short term so we'll see how this momentum challenges into and over the weekend but just staying here is ok for now.

savetheFORUM

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Quote from: Wong Gendheng on June 23, 2023, 09:21:37 AM

A good thing because prices can return to $ 30k after more than 2 months continue to drop, even many are predicted if the price returns below $ 20k and is almost true because the price has touched $ 24k, this proves that the Bitcoin community is still solid and can Make a surprise until the end of the year.

If they are a solid Bitcoiner, they won't ever think that BTC will dump under $20k as it shows they underestimate the coin. Now that BTC only shows a reverse movement, I bet those speculators change their views instantly and by now they are now hoping for Bitcoin to cross $31k. But that's a better mindset now. I also believe that BTC will reach $31k in no time and break that strong barrier to allow the coin for more gains.

2 months of being under $30k seems a bit long but the wait is worth it. 2 months of waiting time for a comeback is still nothing compared to what we have last year. We waited for almost a year to go out of the bear market. This is the one of the good things about crypto as it teaches us to be patient.

justdimin

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Quote from: doomloop on June 26, 2023, 05:38:10 AM

We all know about the initial price increase when the year 2023 started but we have also witnessed how the price was after it reached $31k in March, till that moment until about a week ago, it has been struggling to stay up and not fall down much, and as soon as the news about SEC suing Binance and Coinbase came out, the market dipped even further causing more panic and FUD in the crypto traders from all around the globe.

Now, after so much time, the price has shown some positive movement but then again it has become stable at around $30k which was the previous resistance, now I don't really see any momentum or signal for the price to go up to $35k from here because it isn't being able to move up at the moment.

The fact that it has shown some positive movements is the reason why more people are going into it again, it just shows everyone that we are at a stage where it is doing fine again, which means that it is going to be a great thing. Obviously this depends on how good it could continue and if it can continue to do well then we are going to be fine.

A lot of people will ignore such a thing and they will end up with buying no matter what because they saw it go up and they do not want to miss it, but I understand the logic behind it since it hasn't been this high for a while and wanting to buy at this level is reasonable. Plus we are not here for the first time, that is why it may have less people selling during this period as well.

Baofeng

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Quote from: fzkto on June 24, 2023, 03:31:55 PM

Quote from: Baofeng on June 23, 2023, 06:00:10 PM

Quote from: goaldigger on June 23, 2023, 04:38:17 PM

This is an indication that many believes we should be on a bull market and if this time Bitcoin able to break the resistance, we might see its price to actually reach the price of $40k. Let’s wait patiently and watch the market closely as this can still be a bull trap because the volume is not that much to support the pump. Though if you look at a weekly time frame, you can still a bullish trend with Bitcoin and its a good sign too.

We did break the resistance of $30k, for a short time, the price reaches $31k, but then again, maybe there are sellers or orders along that price, so it was liquidated very fast, and so it didn't last long. Nevertheless, $30,500 right now, still very high and we should be expected that this price might hold at least at the end of the month. And if that happens, then we are going to be green again. Historically, the month of June is not good in a bear market, but it seems we will change that pattern for this year as we have seen a jump from $26k-$30k++.

The pumping was very fast, but the resistance was broken after the second attempt. We have one more day to hold above 30k. If the weekly candle closes above this level, it will mean that the resistance will become support. Hopefully nothing bad will happen tomorrow.

Yes, it was just two days or 48 hours to see the price going from $26k->$31k, which means there is FOMO.

Nothing bad has happened though, even if we have settled down a bit, the market remains relative calm at $30k so it's a good sign for us. Although it might signal that we could go on another long and prolong sideways pattern like what we have seen in 3 months before another break out round, or investors are just waiting for some good news again to push passed this resistance price and then go $35k, which is the next barrier to break.

Topic: BTC price hitting 30k twice this year. - page 2. (Read 694 times)