Is $30k the bottom for this dip? - page 4.

elisabetheva

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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?

michellee

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Quote from: ?? on ??

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.

It could happen in the next correction since we do not have the right information about the bottom of the bitcoin price. But if that happens, you can feel happy for a while because you can buy back bitcoin at a low price and hold it until the price is back to increase. When the investor already sold their bitcoin at a high price, they will save the stable coin to buy back at a low price so we should follow what they did to profit from the market. So you do not have to worry about the market and still watch the market.

LogitechMouse

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It may or it may not. Who knows because at first place we are in a speculation section and we are all speculating.

Well, this is the strong support that I know just by seeing the charts but there is always a chance that it might go down below $30,000 anytime soon. The blood isn't over yet because many are expecting for more downward movement. We are in a bear market so expect downward pressure.

It doesn't matter if it is the dip or not. The best thing to do right now that the market is down is to accumulate more and more. Opportunities like this doesn't come very often and this kind of opportunity comes after a few years again so take the opportunity because in the next years, we might not see Bitcoin at this price again.

Japinat

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Quote from: Reid on January 25, 2022, 06:08:16 AM

Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

Having manipulation in this crypto market is something that is really inevitable but somehow, it does help too in profitable ways. And with the price decline that is still visible up to the present, reaching $30k for bitcoin will always be possible, and may also not. That is, if we can see price surging in the market due to positive news that will still affect the market. Otherwise, we will witness how the market will continue to fall and possibly, bitcoin will settle down nearly $30k or $25k.

Hamphser

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Quote from: Vaculin on January 25, 2022, 04:27:17 PM

Quote from: Reatim on January 25, 2022, 07:24:19 AM

Quote from: TheEconomists on January 24, 2022, 10:31:58 PM

Quote from: Wiwo on January 21, 2022, 11:28:53 AM

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Well, we can only tell that that this bearish season will be over if the price increase continues to create positive signs after couple of days. But more on, i guess what you see is a usual price fluctuation that usually appears at the middle of every bullish or bearish season but it always comes back dropping again after a while. So we can't expect that this bearish season will be totally because the present price decline will even drop more and goes below $30k. So better prepare for the worst, but the best opportunity to enter into the market.

No one could predict on what would be the bottom price would be since this market is totally unpredictable and we have seen that the market had made out already some slight recovery which we could presume that
the lowest price was on 34k as far as i remember or correct me if im wrong.
To those who had risks out on entering that price level are the ones who do make out some profits in short time as the price had risen up a bit but it wont be an assurance that it would be heading back on 40k
once again since it do moves sideways as of this moment.
If there would be other negative sentiments or news in the market would pop out then we might be seeing declining prices once again.

Vaculin

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Winding down.

Quote from: Reatim on January 25, 2022, 07:24:19 AM

Quote from: TheEconomists on January 24, 2022, 10:31:58 PM

Quote from: Wiwo on January 21, 2022, 11:28:53 AM

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Well, we can only tell that that this bearish season will be over if the price increase continues to create positive signs after couple of days. But more on, i guess what you see is a usual price fluctuation that usually appears at the middle of every bullish or bearish season but it always comes back dropping again after a while. So we can't expect that this bearish season will be totally because the present price decline will even drop more and goes below $30k. So better prepare for the worst, but the best opportunity to enter into the market.

Sanitough

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Quote from: sana54210 on January 25, 2022, 01:29:46 PM

Quote from: Reatim on January 25, 2022, 07:24:19 AM

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Just because we reached a higher level today doesn't mean that it will keep going higher, it also doesn't mean that it will keep going lower neither. It just doesn't mean anything at all. Do not try to look at the price right now and try to guess what is going to happen in the future, when we were at around 68k people didn't guess that we would be 50%+ lower, and yet it did happen.

So, what happens right now has nothing to do with the future, it is just the way it is at that point. I am guessing that a recovery and another drop is possible, feel like we will get to like 38k to 40k levels for a while, and then drop to 30k or even slightly less than that. Unfortunately we are in the bear market right now and we just need to realize the current situation.

For me, since we are in a bearish season, then anything is possible for bitcoin to drop its value into $30k or maybe lower than that. Just like when the market is bullish, we are always hoping for its price to reach new ATH, so the scenario still the same, we can only expect for the worst price of bitcoin as long as its bearish. But looking on its positive side, having that said price of $30k, i think that's already a big opportunity for us to invest in bitcoin while its very low. Anyone who's still hesitant to buy at that price will surely regret once the market starts to recover again.

sana54210

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Quote from: Reatim on January 25, 2022, 07:24:19 AM

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Just because we reached a higher level today doesn't mean that it will keep going higher, it also doesn't mean that it will keep going lower neither. It just doesn't mean anything at all. Do not try to look at the price right now and try to guess what is going to happen in the future, when we were at around 68k people didn't guess that we would be 50%+ lower, and yet it did happen.

So, what happens right now has nothing to do with the future, it is just the way it is at that point. I am guessing that a recovery and another drop is possible, feel like we will get to like 38k to 40k levels for a while, and then drop to 30k or even slightly less than that. Unfortunately we are in the bear market right now and we just need to realize the current situation.

Botnake

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Quote from: Reid on January 25, 2022, 06:08:16 AM

Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

You're right. Once you're a long term hodler, i guess your only goal is to see your coins reach their new peaks. You don't have any choice but to believe in your coins and trust the process as it will always end up with a good value no matter how long it will take.

However, the market is showing continuous price decline and no one of us can really tell what will be its bottom price. One thing is certain, if the market will be more bearish this year, i guess $30k will not only be bitcoin's lowest price. It may even hit below $20k if this bearish market cannot recover easily.

Reatim

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Quote from: TheEconomists on January 24, 2022, 10:31:58 PM

Quote from: Wiwo on January 21, 2022, 11:28:53 AM

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

davis196

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Quote from: Reid on January 25, 2022, 06:08:16 AM

Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

I've seen many articles on crypto news websites(and mainstream news websites as well) bitching about 1 trillion USD being wiped out of the cryptocurrency markets.
This is so wrong.The fact that the combined cryptocurrency market cap dropped by 1 trillion USD doesn't mean that 1 trillion USD had left the cryptocurrency market and moved somewhere else.
The real amount is way lower.Probably around 50-100 billion USD.The lack of liquidity on the market combined with the fear and insecurity leads to panic selling and severe price drops.
I don't think that anyone is manipulating the crypto markets right now.Currently the fear dominates over the greed of the crypto investors.The stock markets aren't performing better than the crypto market.Is anyone manipulating the stock markets?

Reid

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Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

bitterguy28

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Quote from: STT on January 24, 2022, 10:22:26 PM

Recent high to recent low and fib levels between them. So we are past the 2 day average again but I'd feel alot better if we can pass a weekly average and stay above that, it'd be the start of some positive momentum that could be trusted. 38k appears to be the fair mid way point in all this, see if that point can pivot into forming this recent as the bottom. It'll be a process as quite a bit of volume occurred, that has to plowed back out the way to progress up.

Looking at the flow now? it seems that we have been in a good resistance now, dropping down to 33k now we have settled at 36k and still stronger .
but the question if the price will still drop to 30k? well there is a possibilities and may fall down to 20k level.
but if i am to choose? i will still live buying nowadays while the price is still lowering and the pumping will happen very soon .

TheEconomists

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Quote from: Wiwo on January 21, 2022, 11:28:53 AM

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

STT

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Recent high to recent low and fib levels between them. So we are past the 2 day average again but I'd feel alot better if we can pass a weekly average and stay above that, it'd be the start of some positive momentum that could be trusted. 38k appears to be the fair mid way point in all this, see if that point can pivot into forming this recent as the bottom. It'll be a process as quite a bit of volume occurred, that has to plowed back out the way to progress up.

kotajikikox

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Quote from: eaLiTy on January 23, 2022, 01:17:12 PM

Quote from: Reatim on January 23, 2022, 06:00:01 AM

~
that is IF THE PRICE FALL TO 30k then there could be another 20k level , but is this coming? I don't think so lol .

It is really difficult to predict what the bottom will be, but if there is a correction from this position, we could very well see below $30k and i wont be surprised if the institutional investors wait for a rise from this position to book another profit again. If the market performs like they usually performs during a bear run like they did during the past correction, i expect the market to go below $25k.

Yes specially in our market movement now that the price is constantly changing and no stable that market is showing .

but good to see we are having a green market now because for couple of days we have seen a bloody market.

Quote from: lienfaye on January 23, 2022, 08:32:50 PM

Quote from: Wiwo on January 21, 2022, 11:28:53 AM

Will the 30k price benchmark be the next bottom line before the rise?

Its possible and it can go even lower to $30k. I think the lowest that we will see is $20k if the price continue to drop before the consistent increase. But somehow the market is recovering a bit so we're hopeful that the price wont drop further. On the other side this is a good time to fill our bags to those investors who missed to hold BTC after reaching the ath last year. Who knows the price will start to climb up again in the coming days.

at least market is now on green line again

https://coinmarketcap.com/currencies/bitcoin/

hope this will continue back to normal again

Fundamentals Of

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Quote from: Wiwo on January 21, 2022, 11:28:53 AM

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 don't want to call a bottom for now. There's no telling whether the price bloodbath is through or not. The previous support which was strong enough to hold the line for a while was $40,000. I thought it was the bottom because it was a solid support. But then I was already thinking that such a strong support could not withstand for long after constant battering. And it finally happened. It was shattered. The price was falling freely right after. But that must have somehow drained all the sellers of their Bitcoin.

yohananaomi

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Quote from: ancafe on January 23, 2022, 02:57:26 AM

I hope that is correct speculation. I suspect that when the bitcoin price drops more than $30k, it could easily drop to the $25k range. Well, I didn't expect that. I'm still very hopeful not to see a $30k price at this point, and hope that the bitcoin price will bounce back at least back into the $40k range.

there is a concern that if bitcoin is not able to maintain the $30K price threshold, it is likely that it will continue to decline, although of course I don't expect it to happen because the impact is certainly not very good for the development of bitcoin itself and what is clear is that the development of new projects will clearly experience obstacles that could occur. many projects are put on hold.

Your hope for bitcoin does not reach $ 30K of course also from the many expectations of all those who are involved and currently holding bitcoin, but maybe for those who want to buy there is of course an opportunity and hope otherwise. surely bitcoin will increase, will last and be back above $40K next month. of course we are waiting for that hope.

michellee

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Quote from: Wiwo on January 21, 2022, 11:28:53 AM

Will the 30k price benchmark be the next bottom line before the rise?

We will see it later as the price can be up and down like this many times. But if we take a look at the moves in these few days, it seems the price can go to $30k but it is still difficult to know where is the bottom and we can only guess and speculate. Hopefully, the price will not go down to the $27k-$29k level because if that really happens, we will go back to the situation before the last ATH is reached.

But this situation also gives us the opportunity to buy low and sell high. As long as you do not feel too greedy to chase more profit, I guess you can make a profit and if you can repeat many times, your profit will become bigger too.

lienfaye

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Quote from: Wiwo on January 21, 2022, 11:28:53 AM

Will the 30k price benchmark be the next bottom line before the rise?

Its possible and it can go even lower to $30k. I think the lowest that we will see is $20k if the price continue to drop before the consistent increase. But somehow the market is recovering a bit so we're hopeful that the price wont drop further. On the other side this is a good time to fill our bags to those investors who missed to hold BTC after reaching the ath last year. Who knows the price will start to climb up again in the coming days.

Topic: Is $30k the bottom for this dip? - page 4. (Read 906 times)