The bitcoin price is currently at 31k and needed to break the 31k resistance level but now that bitcoin has managed to reach that price, I think the bitcoin price will continue to 33k in the near future.
bitcoin is expected to continue its bullish trend in July and it is possible that the price will be higher than in August and we can be sure that in August the bitcoin price will decrease slightly, maybe it will return to the price of 26k-25k or again.
and this is just my opinion and eventually the price of bitcoin will rise again, and some positive news related to bitcoin could be one of the main sentiments in preparation for next year's bitcoin halving.
Topic: BTC price hitting 30k twice this year. - page 5. (Read 694 times)
Still find it hard to understand that ETFs still stir up quite a bit of corporate fomo. I won't claim to have the same opinions as the few back in 2017/18 -- but have always held that all the speculation about "institutional interest" being a major driving force behind a sustained bull for Bitcoin is already disproven.
Don't even remember the names anymore but each time something big has finally coughed up, the reaction has been a whimper. Big money, old money, these didn't wait around for ETFs.
And yes, the bigger picture? None of this affects Bitcoin beyond the (temporary) reflection on its (trading) market and derivatives of.
Don't even remember the names anymore but each time something big has finally coughed up, the reaction has been a whimper. Big money, old money, these didn't wait around for ETFs.
And yes, the bigger picture? None of this affects Bitcoin beyond the (temporary) reflection on its (trading) market and derivatives of.
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.
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.
End of the year price prediction? yeah, why not go for $40k-$50k? remember that we still have the second half of the year to boot, so we might as well see the price going up.
And there are a lot of speculators here and those who put their technical analysis here in our community and pointing to the fact that we might have seen the bottom already and prior to the expected bull run next year, the price could be around that range. For me, we have seen the lowest low for this bear market, and I don't think that we can go below $20k. We have seen the support along $25k and it is strong and it will hold.
Going down to the $26k price area may still happen if there is further FUD attacking Bitcoin. 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.
To reach a higher price, it certainly needs some corrections, so that the current position will be even stronger.
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.
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.
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.
This pump is legit compared to the previous pump last april because this is the result of positivity on crypto market due to the ETF run started by the Blackrock. SEC is now overwhelmed by ETF application since everyone is confident that Blackrock can get the long awaiting approval from SEC on spot ETF.
This pump is organic and will continue to probably ATH until next year if the trend will not gonna stop until the Bitcoin Halving. Blackrock is monster on their filings so I’m positive that they got this and also US huge company is now teaming up to have their own massive crypto exchange that will bring crypto more closer to US residents since this company will be working closely to SEC.
Anyway, it seems like the ETF filing of Blackrock really pushed the price of Bitcoin to around $30,000 currently. TBH, I don't know the impact of having a Bitcoin ETF towards the crypto market because we haven't seen any ETF filed that has become successful in the past years, so I'd be excited to see what will be the after effects of this ETF "IF" it will not get rejected, but at the same time, cautious as well. I might hold some Bitcoins for short to mid term because most see this ETF filing as a positive news thus, price of Bitcoin is increasing.
It seems like the $30,000 is now the support.
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.
Well, I'd never seen yet the strong market position of Bitcoin but still, I was in good faith and believed that this year we are able to see the price of Bitcoin hitting back at $35k. Of course, I don't expect the market will turn bullish, no, but at least seeing its price surpassing $25k is a sign that we are moving forwards and building recoveries slowly. As to the moment that halving comes and done, the Bull run is what we believe to come next. And that is likely to happen next year. So I guess, we need to extend our patience till next year otherwise, it was a fail test. 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.
The BTC price dropped down to 25K mostly because of the "SEC vs. Binance.us and Coinbase" drama, but it turned out that this drama isn't such a big deal(as expected) and the optimism returned to the Bitcoin market.
The price moving in the 25K-30K range isn't such a big deal to me. A 20% price fluctuation can be considered normal for Bitcoin.
I don't believe that there will be strong support for a price pump above 30K USD. The summer is usually a quiet period for the cryptocurrency markets. There won't be any major bullish news coming soon.
The price moving in the 25K-30K range isn't such a big deal to me. A 20% price fluctuation can be considered normal for Bitcoin.
I don't believe that there will be strong support for a price pump above 30K USD. The summer is usually a quiet period for the cryptocurrency markets. There won't be any major bullish news coming soon.
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.
Please share your thoughts about this.
This time is different, as people like to say
IMO the price was always at 30k, but there's a difference between real value and spot price. Spot price is determined by trades on the biggest exchanges and 2 of them got sued by the SEC, which was a move to drag the price down and allow institutions to buy from you. They also wanted to introduce their own government backed exchange and force Binance out of the US, which worked.
The price is now returning to its former level that was achieved naturally in q1 of this year. The drop was driven by the US government and if you panicked and sold to them, that's your loss.
I think that we will continue to go up, especially when the blackrock ETF gets approved.
I don't think that what he intend to say though, he might be pointing to the US government, against their hard line stance on crypto itself. And instead of pulling the price down with the whole SEC vs exchanges, the price suddenly goes up to $30k.
And we used to have this price already, it's that we just reclaim it again, so good job for the market and all the investors. And if you sell during the negative news on Binance, then it's your loss.
There still another catch here, if we seen BlackRock ETF gets approved, although the chance might be slim, we might see a huge rally again.
I don't think the big companies will do any damage for bitcoin. It's not in their interest. Although they can undoubtedly drop the price for a while to get a chance to buy cheap coins. But now that they are here, they undoubtedly have a strong interest in bitcoin to make a profit. So in the future the prices will be much higher than they are now.
I wish you were right, but I share the opinion of some other people who think that BTC ETFs are very likely to cause a lot more problems than good. I've already posted that link on the forum several times, so even though it's about posts from 5 years ago, I think that what @theymos wrote definitely makes sense - although it would be interesting to know if he still thinks the same today.
You must know that the interest of big companies is exclusively profit, and that they do not choose ways to achieve the same. But most of these companies just use everything they can and then move on, and I think that Bitcoin is no exception to that.
Quote from: https://bitcointalksearch.org/topic/theymos-activity-on-reddit-a-collection-of-posts-5153962
Agreed, an ETF will almost certainly turn into a disaster at some point. The coins will be stolen, forks will be handled controversially, there will be issues with fungibility (eg. someone will "trace stolen coins" to the ETF's stash), the world will freak out when a bunch of retirees lose their life savings after doing the equivalent of buying BTC at $20k, etc. etc. It'll also get the sort of people who love regulation more into BTC, which is never good.
But investors want it, so it'll probably happen eventually. In particular, I totally condemn trying to get regulators to interfere in the free market more than they already do by blocking any ETF. (When the SEC was last looking into this, I had actually written a long document that I was going to send to them in order to comment on many technical issues with their proposed Bitcoin ETF regulation, but I decided not to send it because I don't want to have even the slightest hand in regulations.)
An ETF probably will increase the price a lot (until the ETF suffers its near-inevitable catastrophe), which has some pros and cons.
Note that an ETF can't affect Bitcoin itself, just the ETF investors and the market. There is no voting of any sort in Bitcoin, so it's not as if holding a lot of BTC gives you any power over Bitcoin, for example. I do agree with Andreas that the creation of a "corpo-Bitcoin" seems probable, perhaps after the ETF loses a ton of BTC and wants to undo it.
But investors want it, so it'll probably happen eventually. In particular, I totally condemn trying to get regulators to interfere in the free market more than they already do by blocking any ETF. (When the SEC was last looking into this, I had actually written a long document that I was going to send to them in order to comment on many technical issues with their proposed Bitcoin ETF regulation, but I decided not to send it because I don't want to have even the slightest hand in regulations.)
An ETF probably will increase the price a lot (until the ETF suffers its near-inevitable catastrophe), which has some pros and cons.
Note that an ETF can't affect Bitcoin itself, just the ETF investors and the market. There is no voting of any sort in Bitcoin, so it's not as if holding a lot of BTC gives you any power over Bitcoin, for example. I do agree with Andreas that the creation of a "corpo-Bitcoin" seems probable, perhaps after the ETF loses a ton of BTC and wants to undo it.
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.
Please share your thoughts about this.
This time is different, as people like to say
IMO the price was always at 30k, but there's a difference between real value and spot price. Spot price is determined by trades on the biggest exchanges and 2 of them got sued by the SEC, which was a move to drag the price down and allow institutions to buy from you. They also wanted to introduce their own government backed exchange and force Binance out of the US, which worked.
The price is now returning to its former level that was achieved naturally in q1 of this year. The drop was driven by the US government and if you panicked and sold to them, that's your loss.
I think that we will continue to go up, especially when the blackrock ETF gets approved.
Now, in the current resistance situation of bitcoin in the exchanges, we can notice that its motions are not so aggressive, which means that there may be positions to lift towards 33k$ if the support is broken, and if not, the motion is possible. it is still a downtrend.
So, we can't accurately measure where its direction is due to its volatility, that depends on what updates will be made on the news about Bitcoin or crypto.
You mean if the resistance is broken, not the support.So, we can't accurately measure where its direction is due to its volatility, that depends on what updates will be made on the news about Bitcoin or crypto.
Let us see what will happen. Some analysts believed that bitcoin may first go to $28000 first, but it is like $30000 is becoming the support price now. If it maintain this, likely it might go up. But some people may still sell at around $31000 as many of them see it as the resistance price for now. If the bulls win, bitcoin may increase further above $31000.
I was thinking that bitcoin price will hit around $37500 - $40000 this year before it will fall back to $20000. It went up to $31000 the first time, which we were expecting, but fall back to $25300 which was a big support price as it fall to around $25300 several times in days.
This time, again it went up to almost $31000 and not going beyond that price. If bitcoin do not go up beyond this price within a week, it would be the resistant price and bitcoin may not go up further for now.
If bitcoin do not go up further, we should be expecting downtrend and if it mistakenly go below $25000, we should expect $20000 again.
This time, again it went up to almost $31000 and not going beyond that price. If bitcoin do not go up beyond this price within a week, it would be the resistant price and bitcoin may not go up further for now.
If bitcoin do not go up further, we should be expecting downtrend and if it mistakenly go below $25000, we should expect $20000 again.
Now, in the current resistance situation of bitcoin in the exchanges, we can notice that its motions are not so aggressive, which means that there may be positions to lift towards 33k$ if the support is broken, and if not, the motion is possible. it is still a downtrend.
So, we can't accurately measure where its direction is due to its volatility, that depends on what updates will be made on the news about Bitcoin or crypto.
The $30K is not really that much of a important resistance are. It never was. Same with $50K when most people assumed it would be the top last cycle.
This entire rally is based on the fact that the spot etf might be approved and we got 3 different companies apply for etfs. What this will do is create demand for real spot bitcoins which are already in short supply and should cause Bitcoin to rally quick.
Hopefully they won’t get rejected.
This entire rally is based on the fact that the spot etf might be approved and we got 3 different companies apply for etfs. What this will do is create demand for real spot bitcoins which are already in short supply and should cause Bitcoin to rally quick.
Hopefully they won’t get rejected.
Historical resistance levels do not always determine future price movements, and previous assumptions about key levels, such as the $50K figure, have been proven wrong in previous cycles. As you said, traders are better off focusing on the $30K resistance level not ignoring factors. other.
Yes. the potential impact of a spot ETF approval. With so many companies offering ETFs, there is an expectation of increased demand for real spot bitcoins, which are already in short supply. This spike in demand can lead to a rapid Bitcoin price rally. although It is expected that the ETF application will be successful and not face resistance, as this will further contribute to positive market sentiment and potential price growth.
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.
Just expect more and higher attempts sooner thannwe experienced this few days since we are getting more closer to the bitcoin halving coming up next year where there will be a serious volatility and there may be more dips and highs during this time in their peaks, what we can do now is to hodl more as possible to stand in position getting ready for that appointed time for the bullrun to come sooner, we may experience breaking limit to $40,000 before the end of this month base on series of indications gotten from the chart while speculating.
The $30K is not really that much of a important resistance are. It never was. Same with $50K when most people assumed it would be the top last cycle.
This entire rally is based on the fact that the spot etf might be approved and we got 3 different companies apply for etfs. What this will do is create demand for real spot bitcoins which are already in short supply and should cause Bitcoin to rally quick.
Hopefully they won’t get rejected.
This entire rally is based on the fact that the spot etf might be approved and we got 3 different companies apply for etfs. What this will do is create demand for real spot bitcoins which are already in short supply and should cause Bitcoin to rally quick.
Hopefully they won’t get rejected.
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.
Please share your thoughts about this.
This time is different, as people like to say
IMO the price was always at 30k, but there's a difference between real value and spot price. Spot price is determined by trades on the biggest exchanges and 2 of them got sued by the SEC, which was a move to drag the price down and allow institutions to buy from you. They also wanted to introduce their own government backed exchange and force Binance out of the US, which worked.
The price is now returning to its former level that was achieved naturally in q1 of this year. The drop was driven by the US government and if you panicked and sold to them, that's your loss.
I think that we will continue to go up, especially when the blackrock ETF gets approved.
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.
We are no longer in the first quarter of the year, we are in its second quarter. Every quarter of the year is 3 months, and we are in June(6th month of the year) which makes it the last month of the second quarter of the year. This should be the second time we are seeing the price of bitcoin go above $30k in the second quarter of the year, the first one happened in April as you have already said. 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 don't think that bitcoin's current price surge will cause it to revert to its prior level of $25k to $28k and stay there for several more months as it did it before. I anticipate that the cost of bitcoin will at least reach $32k between this month's end and the start of the next month.
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?
We will never know if it's all about the price of Bitcoin. It's nice that it's back to $30k but it's still fluctuating on that price and the possibility that it gets back to a lower price is always there.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.
If it falls again and draws back that's a perfect opportunity that shouldn't be wasted by many if ever they've missed the drop that it has did. Because when it goes into a bull run, we'll not be sure how high it will go. Please share your thoughts about this.
~snip~
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
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
Take a coin, pick heads or tails and flip it. It all comes down to guessing whether bulls or bears will have better luck in their intentions. For me personally, it's not the time for some big bull run, although it's obvious that something is brewing in the US kitchen, and the question is whether something will really happen or if the market just reacted to the news too optimistically.
Regardless of the enthusiasm with BlackRock, Fidelity or some other big company, I hope that people do not think that they are interested in Bitcoin because they consider it good and necessary, but are only interested in profit. Just as they have the power to pump up the price of BTC, they also have the power to do a lot of damage to the same.
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