Topic: Is $30k the bottom for this dip? - page 3. (Read 906 times)
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.
So far the price has not dropped below $32000 so there is no way for us to know if it can drop below $30000 but I estimate that it will not fall below $28000, this is an extremely strong support that any attempt to fall below this support there will be rejection and the price will go up a lot to the point of reaching 47000$, and that's what we're talking about, a big boost for the price to increase a lot and recover
$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.
I think bitcoin's low point this month will stay at $30k because if we look at the chart that bitcoin shows after falling to that low but then bitcoin price is back up again to the $38k-$40k area in no time, so that makes me believe if the price bitcoin for now will stay at $30k-$40k. Hopefully this year there will be a positive trend for bitcoin so as not to experience further bitcoin price falls.
$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.
I think bitcoin's low point this month will stay at $30k because if we look at the chart that bitcoin shows after falling to that low but then bitcoin price is back up again to the $38k-$40k area in no time, so that makes me believe if the price bitcoin for now will stay at $30k-$40k. Hopefully this year there will be a positive trend for bitcoin so as not to experience further bitcoin price falls. 
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?
I also thought that we will be bottoming at 30 but after 33k fall? the price rose up and now stands strong at 37-38k precisely Will the 30k price benchmark be the next bottom line before the rise?
https://coinmarketcap.com/currencies/bitcoin/
and slowly showing a good upward though of course nothing is certain and this can change at any moment, as long as there is no road to 50k? i will still look at this as bearish market.
$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.
Yes, conditions last year is very different from today. Last year everyone is really happy to see the price reaching a new all time high. So speculators are very positive even at the beginning of the year and making a bold statement that we might hit $100k.
But in current market, we are in a bear market sentiments now, and everything is so sensitive and fragile that in any moment that there is a FUD the price could really be affected and go <$30k.
To be honest, this year is indeed different from 2021, because there are some investors who enter 2022 with a sense of disappointment,
because the target of $100k which was expected to be reached by the end of 2021 finally failed to be achieved. So finally in January the price of
Bitcoin decreased quite deeply, because some investors are starting to get disappointed and decide to sell their Bitcoins. Actually, initially
the Bitcoin support price at $40k was very strong, even I once thought that it was impossible for the Bitcoin price to fall below the $40k price.
But my prediction was wrong, there was a panic sell after several times the Bitcoin price failed to pass the $50k price. Finally now the price of
Bitcoin is below the price of $ 40k, and it also looks like the price of Bitcoin can still drop below the price of $ 30k. But as long as we keep holding
the Bitcoin we have and continue to collect Bitcoin, I believe we can still make a profit. Because learning from the history of Bitcoin's movement
no matter how deep the price of Bitcoin falls, it can always recover and rise higher. So as long as we can be patient in the current market conditions,
we will get the profit we want.
$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.
Yes, conditions last year is very different from today. Last year everyone is really happy to see the price reaching a new all time high. So speculators are very positive even at the beginning of the year and making a bold statement that we might hit $100k.
But in current market, we are in a bear market sentiments now, and everything is so sensitive and fragile that in any moment that there is a FUD the price could really be affected and go <$30k.
I have always been waiting for when bitcoin will drop to below $20,000 then I can comfortably afford 1 bitcoin but till then I will keep buying little bits in the corrected price.
Hopefully, that will not happen in the near and will stay at the current price or increase more. You can buy it now in a small amount to medium size or bigger amount because the price has not increased higher yet. But of course, it will be better to wait for another correction so you can buy at a low price but do not expect to buy at below $20,000 as that will not easily happen. You already make a good decision by buying little bits and can continue to do that until you reach your target amount to collect.with current conditions it is difficult to make the right decision,
we need to really consider various things and maybe deciding to buy gradually is a good decision
$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.
The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?
Will the 30k price benchmark be the next bottom line before the rise?
Right now it seems that everyone is waiting for the 30K level and a lot of buying orders are placed at this level. As per my feeling, the market may make a wick to 30,000$ before moving towards the supward direction. In the broader prospective, 30K is also the swing low and this support should hold if we want the bull market to contiune. If we dip befow 30K, then i am afraid that we may be in the short term bear market.
It didnt do that, it has to be recognized as trending up. There's for sure battles ahead of it but also dont ignore the positivity in the pricing that has been clear & present right now for quite a few days consistently.
Its just breaking past or attempting to break the downtrend seems like. If it fails to do so then yep be cautious how far it can withdraw as bulls are disappointed and close out. The fact its made multiple attempts and not previously lost much in doing so makes me think something greater will occur.
This is one of those times when price has already finished dropping but because of the sour recent experience, a lot of people are still afraid to buy back. But at the same time there is no more room left for drops since the buy supports are also there.Its just breaking past or attempting to break the downtrend seems like. If it fails to do so then yep be cautious how far it can withdraw as bulls are disappointed and close out. The fact its made multiple attempts and not previously lost much in doing so makes me think something greater will occur.
So the only thing that can get us out of this state is a "signal", usually it is breaking some resistance but it could be a positive news too. Then we can see the panic buyers once more!
I have always been waiting for when bitcoin will drop to below $20,000 then I can comfortably afford 1 bitcoin but till then I will keep buying little bits in the corrected price.
The recent decline in the price of Bitcoin has continued. In fact, the price of Bitcoin has fallen sharply to drop to as low as $33k in the last few days. Therefore, I predict the market will continue to move sideways with a depressing tendency in the next few weeks. However, currently, Bitcoin's strongest support level is at $38k. However, if the level cannot be sustained, it is possible that the price of Bitcoin could fall even deeper and maybe even touch the $30k price level.
We are already under 38k, how could that be a strong support? The biggest support is around 30k levels, if we go even slight bit under that level there is a good chance we could skyrocket back up, but between people not wanting to go down, and people who are not willing to sell it to make that happen, we do not see those prices. So, since it can't bounce back from a good price, it just got stuck here and that is how we are going to do for a while longer.The drop to 30k and a bit under won't happen anytime soon, price looks like it will organically go up instead of based on indicators, it is simple fact that there are more people who are buying right now then selling, not everyday but most days, look at the last week increase for that. So, I am guessing is that we will probably just handle it this way and then end up going slowly and surely for a while.
33k was a week ago and if we talking a trading prospect then its not to be viewed negatively right now. We all know how much BTC can move, do not stand in the way even if you have your doubts how far or how strong the rise could go it also might already have put in the lows and its really hard to say otherwise.
It didnt do that, it has to be recognized as trending up. There's for sure battles ahead of it but also dont ignore the positivity in the pricing that has been clear & present right now for quite a few days consistently.
Its just breaking past or attempting to break the downtrend seems like. If it fails to do so then yep be cautious how far it can withdraw as bulls are disappointed and close out. The fact its made multiple attempts and not previously lost much in doing so makes me think something greater will occur.
Its been stuck in a range for a while is a fair take also. I'll be more confident of positive momentum when we are negotiating 40k instead weaving back and forth here. Lows are a weekly moving average price, we stall if we lose that is my general rule.
If we close below 34.7k on 4hr bar then that would seem to invalidate this proposition.
It didnt do that, it has to be recognized as trending up. There's for sure battles ahead of it but also dont ignore the positivity in the pricing that has been clear & present right now for quite a few days consistently.
Its just breaking past or attempting to break the downtrend seems like. If it fails to do so then yep be cautious how far it can withdraw as bulls are disappointed and close out. The fact its made multiple attempts and not previously lost much in doing so makes me think something greater will occur.
Its been stuck in a range for a while is a fair take also. I'll be more confident of positive momentum when we are negotiating 40k instead weaving back and forth here. Lows are a weekly moving average price, we stall if we lose that is my general rule.
The recent decline in the price of Bitcoin has continued. In fact, the price of Bitcoin has fallen sharply to drop to as low as $33k in the last few days. Therefore, I predict the market will continue to move sideways with a depressing tendency in the next few weeks. However, currently, Bitcoin's strongest support level is at $38k. However, if the level cannot be sustained, it is possible that the price of Bitcoin could fall even deeper and maybe even touch the $30k price level.
We don't know yet if it's the real support since bitcoin still playing around approximately 37k at this current situation. But perhaps it's impossible now to fall down on that value in my personal opinion as the market gradually showing geen day by day, it seems bearish is getting weaker to be honest because as the matter of fact alts is showing a positive sign as well. So probably 30k has no chance to become the next support.
Yes the support is showing us a strong 33-37k stand meaning this maybe the limit or the bottom and depend in the result of the talking from the incoming invasion of Russian Government against Ukraine .if this progress then expect more dumping from the crypto market and world economy but if peace takes place then we may see a recovery and may reach back to at least 50k .
I know that we are still in process of stablishing the position this month as it is the end of 1st month of 1st quarter , and this is mostly the undecided time for the investors ..
We don't know yet if it's the real support since bitcoin still playing around approximately 37k at this current situation. But perhaps it's impossible now to fall down on that value in my personal opinion as the market gradually showing geen day by day, it seems bearish is getting weaker to be honest because as the matter of fact alts is showing a positive sign as well. So probably 30k has no chance to become the next support.
The price is repeatedly testing the weekly average now, it does keep declining below that line but the multiple attempts to beat this measure make me think a further attempt upwards will occur.
If we close below 34.7k on 4hr bar then that would seem to invalidate this proposition. Dollar index has been rising for most of the last 12 months, this accumulates to some pressure on BTC and if we could reverse that measure to any extent indicating a peak it would greatly help the bullish case for BTC
If we close below 34.7k on 4hr bar then that would seem to invalidate this proposition. Dollar index has been rising for most of the last 12 months, this accumulates to some pressure on BTC and if we could reverse that measure to any extent indicating a peak it would greatly help the bullish case for BTC
Crypto has been closely doing what the US stock market has been doing for this past week. And it seems more closely than what we’ve seen. But yeah I think the BTC sell down which started during November and without any bounces has been exhausted. Now it’s time for the bulls who were in the side lines to get in. But then again it could be a dead cat bounce. I think we’ll see around 45k.
But one good thing about the whole thing tho is BTC didn’t need to test 30k.
Edit: It’s really following US stocks more closely this past month.
I hope the bitcoin price doesn't drop below #30k again, although it can rise a few times but I'm worried about the current conditions, the number of passive influencers and the market that looks stagnant, of course, we must always be vigilant, and this is what makes many investors turn to stable coin for fear of price drop again.
indeed the bitcoin situation is not very good at this time, what you fear is a natural thing. indeed bitcoin should not fall below the price of $ 30K because it is very worrying, because to increase sharply in time, it will take a long time to reach it.I think it's clear that everyone is afraid to see the bitcoin situation coupled with news from The Federal Reserve / The Fed that they plan to shrink their currency which then has an impact on rising interest rates.
so everyone also started looking for safety, by temporarily switching to stable coins.
but we believe that there are times when bitcoin will increase and it doesn't always have to be corrected, but when?
This is why I am not worried, it could go under 30k, it could go under 20k, as long as I am holding it, I am not selling until I have enough money, maybe one day when I am old then I will sell and retire and leave something for my children, or maybe I will just leave my crypto to my children.
The price is repeatedly testing the weekly average now, it does keep declining below that line but the multiple attempts to beat this measure make me think a further attempt upwards will occur.
If we close below 34.7k on 4hr bar then that would seem to invalidate this proposition. Dollar index has been rising for most of the last 12 months, this accumulates to some pressure on BTC and if we could reverse that measure to any extent indicating a peak it would greatly help the bullish case for BTC
If we close below 34.7k on 4hr bar then that would seem to invalidate this proposition. Dollar index has been rising for most of the last 12 months, this accumulates to some pressure on BTC and if we could reverse that measure to any extent indicating a peak it would greatly help the bullish case for BTC
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