In my opinion, it looks like the price of bitcoin has the potential to drop to the level of $30k because throughout the third week of February the price of bitcoin has returned to the level of $35k. In the current drop in bitcoin price, liquidations have been lower than expected. The current liquidation volume is much lower above the volume that accompanied the previous gains. This can be a very important indicator for the market to continue to experience price declines.
I still see the price dropping below $30k as difficult, as there are still many large institutions currently continuing to invest in bitcoin. Microstrategy, for example, they continue to invest in bitcoin when the market dips, and it will continue to make bitcoin still have good demand even though it is in a bearish state.
Topic: Is $30k the bottom for this dip? - page 2. (Read 856 times)
Currently, the price of Bitcoin is back in the $43k area after experiencing a decline in the $36k price range a few weeks ago. But I see that the market is still going sideways, which is quite volatile up and down. Therefore, I think bitcoin still has the potential to drop in price but it doesn't seem to be going down in the $30k area.
Prices are playing on between these levels which it is really hard to tell on which way it would go but it isnt bad if you have able to accumulate coins on 36k price point and even selling it on the current price isnt a badidea but if you do go with shorter trades then it is already that worth to make a move and now the price is getting low again close to 40k then rinse and repeat on the same process for short term kind of profits.
It is risky move since dealing with price on active manner is not for everybody but its considerable for those people who doesnt really like to wait.
Currently, the price of Bitcoin is back in the $43k area after experiencing a decline in the $36k price range a few weeks ago. But I see that the market is still going sideways, which is quite volatile up and down. Therefore, I think bitcoin still has the potential to drop in price but it doesn't seem to be going down in the $30k area.
We have put in a higher low for BTC this week, if this should hold to the closing of the weekly candle then we should be more bullish from it. Despite the conflict BTC continues to be used and of use to all participants outside of political and nationalistic control.
I see that we can be quite bullish so to answer OP 30k could be a decent marker for the bottom. There is still the wider question of if 20k occurs imo, extremes tend to magnetic in some way if only by their fear and volume as turning points.
Whats important now to mark the lows off in the rear view mirror would be that we we discontinue the recent decline from 45k. The wider range I've tried to crop this graph to is 43k to 33k, the ideal to say this is over and the low is now established and past is by breaking that range. Our recent attempt failed and you can see the weekly bars were pins that resolved downwards. The pin or candle for this week is the opposite direction, it should be noted positively imo.
I see that we can be quite bullish so to answer OP 30k could be a decent marker for the bottom. There is still the wider question of if 20k occurs imo, extremes tend to magnetic in some way if only by their fear and volume as turning points.
Whats important now to mark the lows off in the rear view mirror would be that we we discontinue the recent decline from 45k. The wider range I've tried to crop this graph to is 43k to 33k, the ideal to say this is over and the low is now established and past is by breaking that range. Our recent attempt failed and you can see the weekly bars were pins that resolved downwards. The pin or candle for this week is the opposite direction, it should be noted positively imo.
In my opinion, it looks like the price of bitcoin has the potential to drop to the level of $30k because throughout the third week of February the price of bitcoin has returned to the level of $35k. In the current drop in bitcoin price, liquidations have been lower than expected. The current liquidation volume is much lower above the volume that accompanied the previous gains. This can be a very important indicator for the market to continue to experience price declines.
I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.
Lol wait if the war in Europe happens , then even 20k will be on our way, remember that this is involving one of the most powerful country in the world(Russia) so the effect will surely cover all businesses and markets and including cryptocurrency . 
I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.
I got to report back that just as we seemed to be slightly more positive while above the 50 day average, failing that now is not a positive sign for any further gains appearing. We are challenged and on the daily graph it should be quite clear to see a double top, a quite commonly observed negative sign .
Dont expect much in Feb but possibly we calm, go sideways and appreciate during March onwards. For now its wait and see, Im not with any negative for prospects further out especially with dollar inflation unabated but near term we cannot be said to be bullish at this moment. Perhaps next week will reverse our course but Im not expecting it personally.
Dont expect much in Feb but possibly we calm, go sideways and appreciate during March onwards. For now its wait and see, Im not with any negative for prospects further out especially with dollar inflation unabated but near term we cannot be said to be bullish at this moment. Perhaps next week will reverse our course but Im not expecting it personally.
It seems like the bottom has been reached already and people who keep denying that probably missed it. I mean if you still want to see bitcoin going down, there are two main reasons for that. You either missed it and want it to go down so you can buy some more before it goes up in which case you would probably still miss it out of fear to buy it when it is low just like you previously did, or you are just a person who hates crypto and everyone who made money from it.
There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.
There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.
Nothing will happen for people waiting for another dip since those $30k figure will not possible for now knowing that bear market season is I think end up. Maybe there are certain dump we encounter and possibly this is due to some other reasons which can possibly create economic crisis.
If we keep waiting for something not possible to come then we will miss those good position enter which can give us a profit.
although I don't believe the bear market has passed but I hope there won't be any more prices below 40k and I firmly believe that my expectations will be right.
It seems like the bottom has been reached already and people who keep denying that probably missed it. I mean if you still want to see bitcoin going down, there are two main reasons for that. You either missed it and want it to go down so you can buy some more before it goes up in which case you would probably still miss it out of fear to buy it when it is low just like you previously did, or you are just a person who hates crypto and everyone who made money from it.
There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.
There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.
Nothing will happen for people waiting for another dip since those $30k figure will not possible for now knowing that bear market season is I think end up. Maybe there are certain dump we encounter and possibly this is due to some other reasons which can possibly create economic crisis.
If we keep waiting for something not possible to come then we will miss those good position enter which can give us a profit.
It seems like the bottom has been reached already and people who keep denying that probably missed it. I mean if you still want to see bitcoin going down, there are two main reasons for that. You either missed it and want it to go down so you can buy some more before it goes up in which case you would probably still miss it out of fear to buy it when it is low just like you previously did, or you are just a person who hates crypto and everyone who made money from it.
There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.
There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.
The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?
if discussing the next bottom line then it will be endless....but i still believe that "the bottom line" of bitcoin has passed and we will not experience a price drop below $30k. i see the sideway on bitcoin prices will last a long time and Bitcoin ATH for this year is still difficult to predict when it will happen.Will the 30k price benchmark be the next bottom line before the rise?
The shorter time frames look a bit more negative but this view shows we have broken above and maintained the 50 day moving average. Going back a year or so this measure of momentum marked the lows for the highest prices and BTC did well when trending above 50 daily average.
The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?
if discussing the next bottom line then it will be endless....but i still believe that "the bottom line" of bitcoin has passed and we will not experience a price drop below $30k. i see the sideway on bitcoin prices will last a long time and Bitcoin ATH for this year is still difficult to predict when it will happen. Will the 30k price benchmark be the next bottom line before the rise?
A reset is normal, whats bigger then that is moves in the dollar index which did rally late last week. However, much bigger picture on the Dollar value long term is we see decline. This prediction can be wrong but right now the recent rally in dollar is a small movement compared to the tide going out on it, we cant know for sure that happens but the sell off in BTC is just normal profit taking for now.
I don't think bitcoin is going to drop to as low as $30k again. I see that bitcoin has the potential to move up to test the $45k resistance level in the next few weeks. If you pay attention to the charts in the crypto market, there are indications that bitcoin is strengthening and has the potential to breakout or at least the bitcoin price will touch the $46,000 area.
And just like that, there are no strength to move past $45k, unfortunately, so no $46k as well. As in the last 3 days, the price seems to be moving sideways and in the last 24 hours, it goes on a negative run and touch $41k-$42k. So I guess the bears have taken the market again and maybe, just maybe the reality that $30k is not the bottom at least for this year could be real again.
I don't think bitcoin is going to drop to as low as $30k again. I see that bitcoin has the potential to move up to test the $45k resistance level in the next few weeks. If you pay attention to the charts in the crypto market, there are indications that bitcoin is strengthening and has the potential to breakout or at least the bitcoin price will touch the $46,000 area.
Currently, bitcoin is still confirming a downward breakdown. Despite a slight increase in price in the last few days, bitcoin still failed to break the resistance in the $39K area. Perhaps the closest potential support for bitcoin is in the $37K and $35K area. Therefore, If bitcoin fails to maintain the $35k area, it is likely that bitcoin will fall back in the $30K area.
It is nearly at 40k as of right now. We had a huge breakout, well not huge of course but huge compared to what we have seen in the last month or two. This is why I called it huge. This is why we have hard time understanding crypto, sometimes we think that it will not do something good and expect the worse and it goes up, then we expect it to go up and it crashes.All of these are things that we should not be really worried about, it is basically things that we should be comfortable with at this point. I know that we are not going to be able to actually make predictions that stick all the time, so there is one thing that has always proven true; long term holding. This is why I turned into that, buying crypto with a bit of my salary on the first of each month and keep doing that for nearly 2 years now. It has been proven profitable and will probably stay that way as long as I work.
Everytime there's a sudden pump, it kinda brings back the hype, and it's a good thing for the market as it's been a little bearish for a while. However, we have to confirm this first as we don't want to get disappointed again if it turns out to be a bull trap. By the way, is there any big news behind this sudden pump?
Should be a good break upwards we can see in price action just today, the dollar continues weakly and this helps BTC to make progress vs its continual decline from the ATH. Now its broken that trend it should not be so regular in that negativity. No doubt it wont rise without struggle but immediately is looking alot better now imo
Currently, bitcoin is still confirming a downward breakdown. Despite a slight increase in price in the last few days, bitcoin still failed to break the resistance in the $39K area. Perhaps the closest potential support for bitcoin is in the $37K and $35K area. Therefore, If bitcoin fails to maintain the $35k area, it is likely that bitcoin will fall back in the $30K area.
It is nearly at 40k as of right now. We had a huge breakout, well not huge of course but huge compared to what we have seen in the last month or two. This is why I called it huge. This is why we have hard time understanding crypto, sometimes we think that it will not do something good and expect the worse and it goes up, then we expect it to go up and it crashes.All of these are things that we should not be really worried about, it is basically things that we should be comfortable with at this point. I know that we are not going to be able to actually make predictions that stick all the time, so there is one thing that has always proven true; long term holding. This is why I turned into that, buying crypto with a bit of my salary on the first of each month and keep doing that for nearly 2 years now. It has been proven profitable and will probably stay that way as long as I work.
Jump to: