BTC price hitting 30k twice this year. - page 3.

LittleBitFunny

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Quote from: ShowOff on June 25, 2023, 04:21:52 PM

So far $30k is still holding, but maybe not too strong support when the current price gap is only $400. I hope the bitcoin price doesn't drop below $30k by the close of June, although I know that's also possible.

If bitcoin falls below $30k, it's not a bad thing. I mean, why don't we take advantage of the short-term correction to profit, or will that also give us more time to accumulate bitcoins? Even if bitcoin goes higher and crosses $35,000, we won't have a bull market this year, so I think it would be better for it to fall back instead of continuing higher. Maybe I'm thinking the opposite of everyone, but that's what I want. For me, the bulls will only appear after the halving, so the current rally will only make it harder for us to accumulate, so I don't expect bitcoin to go higher.

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Quote from: taufik123 on June 24, 2023, 12:09:27 AM

Quote from: kotajikikox on June 23, 2023, 09:48:21 PM

-snip-
so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Touching $31k is the highest price for this year and this is certainly the strongest resistance.
See how the price is still stuck in the $30k price area.

Looking at the 1D Time Frame Bitcoin is in the Uptrend Console position, and if it is able to survive in the current position the bullish possibility will continue.
However, the possibility of continuing to $50k is still quite heavy, especially if there is further FUD that makes the market unstable.

But hopefully, $40k-$50k will be reached this year, and ATH will appear before the 4th Halving.

But if it is forced down, of course, there will be some corrections so that the market is not saturated and is currently Overbought.
The nearest correction area is at $28k-$27k support.

Now the market is rallying around 30k and since bitcoin has touched 30k this year this should be the longested time it lasted at 30k range. If this trend continues for more 7days without falling below 30k, we will understand that the 27k support is trying to shift to 30k and when this happens, a new resistance would be formed around 35k.

For this year, I know that bitcoin will move upwards again but I doubt that it will exceed 45k this year. Bitcoin has already give more than 180% rise this year, so we are optimistic about halving.

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actually bitcoin is already on a bullish track as 2024 is approaching and most people believe 2024 is a bullish year. but the last few weeks have been a little disturbed because there was an issue with the SEC which made bitcoin and altcoin prices drop dramatically, but it seems that the SEC problems have been resolved and caused bitcoin and altcoin prices to increase dramatically. I am sure that if there are no more problems like this then this positive trend will continue and $40k will be reached soon.

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Quote from: Wiwo on June 25, 2023, 02:28:49 PM

Quote from: Sim_card on June 25, 2023, 11:21:22 AM

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year. The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range. I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

Bitcoin have shown a lot of bull momentum since the beginning of this year 2023 after the price recovered from the market crisis that accompanied 2022 and that is some form of sharp attack on the market bit all through the start of 2023 bitcoin has been on the consistent price recovery and up till thos very moment the bitcoin price momentum has continued and at the moment is 30k+ and if I can speculate the next destination for Bitcoin I will say it going to clinch to the 35k region and then after making a new price chart.

What I can't speculate on this year 2023 is whether or not we likely see a bull market, my prediction on that is too low because since the next bitcoin halving is about a year from now it means the next bull will possibly be around a few months after the bitcoin haven.

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.

peter0425

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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.

and maybe we will see more of this before the year ends because there are half a year remaining so if we hit 30k twice in half year so what more if we crosses 3rd quarter and the 4th ?

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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.

it is really spontaneous because we climbed 20+% in just 2 days and that is the highest we have from 2nd quarter ,
if this is going to happen quarterly then we will be seeing this for another 2 x more?

kotajikikox

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Quote from: taufik123 on June 24, 2023, 12:09:27 AM

Quote from: kotajikikox on June 23, 2023, 09:48:21 PM

-snip-
so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Touching $31k is the highest price for this year and this is certainly the strongest resistance.
See how the price is still stuck in the $30k price area.

but this is just June mate? we have still 6 months to wait for us to tell about the highest price to expect this year of 2023?

Quote

Looking at the 1D Time Frame Bitcoin is in the Uptrend Console position, and if it is able to survive in the current position the bullish possibility will continue.
However, the possibility of continuing to $50k is still quite heavy, especially if there is further FUD that makes the market unstable.

never that I expect 50k very soon but at least this is the price I am praying to achieve this year at least.

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But hopefully, $40k-$50k will be reached this year, and ATH will appear before the 4th Halving.

if ATH can be attain before halving then that would be 69k before mid next year mate?

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But if it is forced down, of course, there will be some corrections so that the market is not saturated and is currently Overbought.
The nearest correction area is at $28k-$27k support.

maybe I am contented for that support at least not to see 25k again before halving .

ShowOff

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Quote from: nurilham on June 25, 2023, 04:03:31 PM

We can expect Bitcoin price to survive above $30k if there will be no serious FUDs again. But if Binance case with SEC is getting worse, Bitcoin may drop to $28k-$29k and experience a long sideway again. TBH, I really don't want to see the same trend again as the last few months.

Ignore the Binance and SEC cases, maybe there will be more FUD than just that. But to be honest, I didn't expect that FUD would hit the bitcoin market so hard that it would then turn the trend bearish. We don't expect the trend anymore, but it's always hard to avoid it when traders can't go against the direction.

So far $30k is still holding, but maybe not too strong support when the current price gap is only $400. I hope the bitcoin price doesn't drop below $30k by the close of June, although I know that's also possible.

nurilham

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Quote from: Sim_card on June 25, 2023, 11:21:22 AM

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year. The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range. I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

I agree that $40k should be easy to reach at the end of this year if Bitcoin price can always survive above $30k. However, if bitcoin experiences huge dump again, $40k may be a bit difficult to reach. I'm sure how big the price of Bitcoin at the end of this year will be determined by the issues/news about Bitcoin or crypto in the next few months. This factor sometimes has a very significant influence on Bitcoin price growth.

Quote from: AakZaki on June 25, 2023, 02:04:47 PM

We will continue to hope that bitcoin is able to stay above $30k in price, and is still quite strong right now. The possibility of a correction will definitely occur, but if the support is still strong, of course bitcoin will continue to rally. Regarding FUD there will be some who come to interfere with Bitcoin, it is done so they can get cheaper prices. No need to panic, FUD will just come and go. Just focus on your investment and buy again when the price is cheap.

We can expect Bitcoin price to survive above $30k if there will be no serious FUDs again. But if Binance case with SEC is getting worse, Bitcoin may drop to $28k-$29k and experience a long sideway again. TBH, I really don't want to see the same trend again as the last few months.

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Quote from: Sim_card on June 25, 2023, 11:21:22 AM

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year.

There are no guarantees, but there is always a possibility.
As far as I understand, bitcoin will most likely maintain $30k support during June and it will also test stronger resistance between $33k and $35k.

Quote from: Sim_card on June 25, 2023, 11:21:22 AM

The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range.

If you take a closer look at the chart, you may get more accurate data on the April highs and lows.
The highest bitcoin price in April was $31k, while it has corrected to a low of $24.8k in mid-June. But the bitcoin price recovery journey since the beginning of the year has not been as smooth as we imagined, I mean the correction in March was

Quote from: Sim_card on June 25, 2023, 11:21:22 AM

I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

Most people are optimistic about it, so prepare your plans well if you want to make a worth it profit afterwards. Corrections are still possible, so keep doing DCA if you want to accumulate.

Wiwo

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Quote from: Sim_card on June 25, 2023, 11:21:22 AM

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year. The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range. I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

Bitcoin have shown a lot of bull momentum since the beginning of this year 2023 after the price recovered from the market crisis that accompanied 2022 and that is some form of sharp attack on the market bit all through the start of 2023 bitcoin has been on the consistent price recovery and up till thos very moment the bitcoin price momentum has continued and at the moment is 30k+ and if I can speculate the next destination for Bitcoin I will say it going to clinch to the 35k region and then after making a new price chart.

What I can't speculate on this year 2023 is whether or not we likely see a bull market, my prediction on that is too low because since the next bitcoin halving is about a year from now it means the next bull will possibly be around a few months after the bitcoin haven.

AakZaki

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Quote from: skarais on June 23, 2023, 03:15:50 PM

Quote from: AakZaki on June 23, 2023, 10:59:40 AM

Going down to the $26k price area may still happen if there is further FUD attacking Bitcoin.

I didn't hope for it, but based on the pattern that occurred in previous years, there is a possibility of another correction going forward.

Quote from: AakZaki on June 23, 2023, 10:59:40 AM

the achievement of the current bitcoin price being able to stay above $30k is good enough. The market looks supportive and many investors are starting to enter. But it does not rule out the possibility that a correction will occur. it is quite normal if there is a correction in the next few days. or when the market drops weekly.
To reach a higher price, it certainly needs some corrections, so that the current position will be even stronger.

I also wouldn't completely discount the possibility of another correction below $28k in the following months, but this incoming investor support is expected to keep the price above $30k longer than we expect. It's always possible for Bitcoin to gain FUD allowing the price to correct again, but I don't expect that to happen verry soon.

We will continue to hope that bitcoin is able to stay above $30k in price, and is still quite strong right now. The possibility of a correction will definitely occur, but if the support is still strong, of course bitcoin will continue to rally. Regarding FUD there will be some who come to interfere with Bitcoin, it is done so they can get cheaper prices. No need to panic, FUD will just come and go. Just focus on your investment and buy again when the price is cheap.

Sim_card

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The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year. The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range. I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

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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.

Ambivalent feelings. When we have been given bad news for 2 years escalating to charges against Coinbase and CZ, it's more than hard to trust again on any kind pump. FUD is still there, people are now just ignoring it. And i find it weird that people seem to still buy everything even though threat to altcoins and binance seems real and bad.

But i guess i shouldn't try to find reason from the markets. Only reason it needs is that when it pumps it pumps more just because of confidence.

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Quote from: BITCOIN4X on June 24, 2023, 11:19:40 AM

Market conditions have recovered compared to 6 months ago, but anyone buying now may still have other things in mind. It's true that they missed the opportunity to buy lower last year, but today bitcoin is still pretty low compared to its ATH. So I think even if they buy it now, they can also expect a worth itu return in the long term. After all investors investing in millions could also consider DCA, and at least that should help get them to buy at a lower average price.

Thinking about others because they think whether after the increase there will be another correction and it becomes indecisive if an investor continues to compare last year's prices to now, I think it's never too late as long as it is still far from ATH, now at a price of $30K it can still be dominated the best price but much bigger later the return is still decent, especially by saying in the long term, of course the price will be even higher if they start now, the return will be 2x from the previous ATH, especially the new ATH record can even be more than 5x returns.

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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.

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I think nothing can be predicted yet, I think this is one type of recovery as well as Bitcoin halving is not far away so it can be expected a bit more. The fud that was removed a few days ago about the market of cryptocurrency world may not be so big now, it has also brought a positive result in the market. Since it is the middle of the second Q of 2023, I think the price of Bitcoin may rise from now, but I don't think it will touch 40 so soon.

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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.

Bitcoin hitting $30,000 twice this year doesn't mean we'll now see a bull market, it might be another bull trap and the market dumps with those it has trapped that bought the hype. $30,000 isn't a significant price to trigger the market into entering a bull run that'll see Bitcoin pump.

So many factors need to happen before we can enter another bull market that would see Bitcoin pump above it's previous all time high and also trade above $100,000. One of those factor is Bitcoin halving, if that hasn't happened I don't see the market pumping like it's in a bull market.

The spontaneous spike of Bitcoin doesn't mean the price is set to keep pumping but that's all we wish for as we have invested in Bitcoin and expecting the market to continue going up so we can profits but we should expect it to fall as correction take place.

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Quote from: Lucius on June 24, 2023, 05:33:42 AM

For small investors who will invest a few hundred or thousands of dollars that may not mean too much - but when you invest millions then the difference must definitely be noticed, because for what you invest in BTC today you could have got almost twice as much BTC 6 months ago.

Market conditions have recovered compared to 6 months ago, but anyone buying now may still have other things in mind. It's true that they missed the opportunity to buy lower last year, but today bitcoin is still pretty low compared to its ATH. So I think even if they buy it now, they can also expect a worth itu return in the long term. After all investors investing in millions could also consider DCA, and at least that should help get them to buy at a lower average price.

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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.

This is not a bull sign but the normal movement of the market. When the bull sign movement will come we will still know and detect it.

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.

when I saw the thread even I had not even read it but I just thought of it that the op would say " what is in your mind, what do you think? Well that is not withstanding, op your analysis is wrong. Not that I am criticizing you but what you said is wrong. Bitcoin price has not hit 30k$ at the first quarter of this year. From your statement, you said April and April is not first quarter again it is second quarter. If you don't understand the quarterly analysis of the year, I will tell you.
The 30+$ hit from second and third quarters of the year.

Joshapat

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2 days ago the price was able to reach $ 31k although now it is down again, this fantastic increase at the end of June makes me optimistic that a bull run will happen soon, especially that big moments every 4 years will occur in early 2024 so there is no reason to panic when you see price drop, it becomes a great opportunity to buy a lot.

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